Examples of Science City Group in a sentence
The Group will at its best effort further negotiate with the Science City Group for more favourable terms in order to comply with the pricing principles of the Company as disclosed above.
In any event, the terms on which the furniture products (together with installation and other ancillary services) sold by the Group to members of the Science City Group shall be no less favourable to the Group than those on which comparable products are sold by the Group to independent third parties or those prevailing in the market.
Despite these, the Group will continue to expand its business and develop new businesses models, including undertaking projects from the member companies of the Science City Group for bulk furniture sales.
We also understand that Science City Group intends to invite the Group to submit furniture supply quotations for all of its property development projects indicated under the project procurement schedule.
The furniture products (together with installation and other ancillary services) sold by the Group to members of the Science City Group pursuant to the Product Sales Agreement shall be on terms no less favourable to the Group than those prevailing in the PRC market for products (together with installation and other ancillary services) of similar type and quality and those offered by the Group to independent third parties.
In addition, in order to safeguard the interests of the Company and the Shareholders as a whole, the Group has adopted the following guidelines and principles for monitoring the Decoration Services between the Group and the Science City Group, namely: • the Group maintains a trading database containing prices of its services and relevant terms and conditions of such transactions.
We noted that the Product Sales is non-exclusive and is carried out in accordance with the terms and conditions as stipulated under the Product Sales Agreement where members of the Group can also sell furniture products (together with installation and other ancillary services) to third parties not being a member of the Science City Group and not a connected person of the Group as they think fit.
In the event that the prices of Decoration Services offered by the Group to the Science City Group are less favourable to the Group than those offered by the Group to independent third parties recorded in the trading database of the Group, the Group will not enter into the Decoration Services.
Proper cleaning should occur immediately after usage is completed.
The quotations to be submitted are subject to the internal approval procedures and procurement policies and conditions of the Science City Group.