Examples of Remaining Group in a sentence
The supply of raw materials and the provision of services by the Remaining Group to Dongyue Organosilicone will continue to be driven by commercial benefits derived from the synergy between Dongyue Organosilicone and the other business segments of the Group.
There is no provision in the Master Supply Agreement requiring the Remaining Group to exclusively supply raw materials or provide services to Dongyue Organosilicone or requiring Dongyue Organosilicone to exclusively source raw materials or services from the Remaining Group.
The quantities of raw materials and the scope of services to be purchased by Dongyue Organosilicone from the Remaining Group will depend on the actual production and operation needs and capacity of Dongyue Organosilicone subject to the specific agreements to be entered into between the parties.
As mentioned above, the pricing basis will be determined by the Remaining Group with reference to the fair market prices of the respective products or services offered to Independent Third Parties or the cost of the respective products or services, so as to ensure that the transactions will be beneficial to both the Remaining Group and Dongyue Organosilicone.
As disclosed in the announcement of the Company dated 4 January 2021, the Company entered into the Previous Raw Materials Master Supply Agreement with Dongyue Organosilicone in relation to the supply of raw materials and ancillary waste treatment by the Remaining Group to Dongyue Organosilicone for the period from 1 January 2021 to 31 March 2021.