Examples of XYS Group in a sentence
Pursuant to the Solar Farm Agreement, the Company was granted the Call Option and the Solar Farm ROFR on the utility-scale ground-mounted solar farm projects which have substantially completed construction and are grid-connected developed or constructed by the XYS Group, details of which are set out in the XYS Solar Farm Circular.
Given that the Company’s established relationship with Xinyi Solar, its experience, market position, and the fact that Xinyi Solar is the Company’s holding company, it will be in the interest of the Company to continue to source construction completed and grid-connected utility-scale ground-mounted solar farm projects from the XYS Group.
Pursuant to the Solar Farm Agreement, the Company was granted the Call Option and the Solar Farm ROFR to acquire, on a preferential basis, the Call Right Assets i.e. the solar farm projects constructed or developed by Xinyi Solar which have substantially completed construction and are grid-connected to achieve further business delineation between the Group and XYS Group.
In addition, the Group is not contractually bound to supply and there is no minimum supply amount to the XYS Group or the XYG Group for any of the CCT Products.
As part of the ordinary course of business of the Group, the Group has the required production capacity and technologies to produce the battery packs and energy storage systems as required by the XYS Group and the XYG Group.
The Leased Properties have been used by the XYS Group for its business purpose.
The total value of the right-of-use asset to be recognised by the XYS Group under the Lease Agreements are estimated to be RMB64.82 million (equivalent to HK$71.56 million).
As set out in the Letter to the Board, the XYS Group and the XYG Group currently use loading machines for transportation and transfer of a wide range of glass products.
The Production Equipment shall satisfy the requirements and the specifications from time to time required by the relevant member of the XYS Group and the applicable national and industry standards in the PRC.
The following sets forth the principal terms of the 2022 Production Equipment Purchase Agreement:Date: 29 December 2021Parties: Xinyi Solar (Hong Kong) (for itself and on behalf of other members of the XYS Group) as the purchaser andWuhu Jinsanshi as the supplier.