Examples of Xinyi Glass Group in a sentence
We have assisted customers in the financial sector such as China Construction Bank, CITIC Bank and China Pacific Insurance to launch large-scale commercial application catering to over 10,000 users, while making breakthroughs with large corporate customers such as Chery Automobile and Xinyi Glass Group.
Upon payment of these expenses by Xinyi Glass Group, a capital contribution from Xinyi Glass Group were recorded in the Company’s equity.
Xinyi Glass Group is principally engaged in the production and sale of a wide range of glass products, including automobile glass, architectural glass, float glass and other glass products for different commercial and industrial applications.
Pricing basis under the Equipment Purchase Framework Agreement As mentioned in the Joint Announcement, the Xinyi Solar Group will purchase Production Equipment and Auxiliary Facilities from the Xinyi Glass Group for the production of its solar glass products.
The Group will also maintain a standard price list for the sale and processing LESF (the “Price List”) which is applicable to all customers (i.e. including Xinyi Glass Group, Xinyi Solar Group and independent customers).
The prevailing net ex-factory market price is based on the public information obtained by the Xinyi Glass Group provided to the Xinyi Solar Group on a quarterly basis.
Both Xinyi Glass Group and Xinyi Solar Group consumes electricity in vast volume in its business.
In view of the business growth of Xinyi Glass Group and Xinyi Solar Group and their principal business aforementioned, their corresponding electricity consumption levels are expected to further increase.
The Purchase Agreements are transactions conducted as part of the ordinary course of business of the Xinyi Glass Group and the Xinyi Solar Group.
In order to participate in the general supported load shifting, to save electricity costs and to avoid power disruption, the Company understands that both Xinyi Glass Group and Xinyi Solar Group plan to maintain LESF.