Procurement of materials and services from China Baowu Group Sample Clauses

Procurement of materials and services from China Baowu Group. As set out in the Letter from the Board, the proposed annual caps for the procurement of materials and services from China Baowu Group under the Service and Supply Agreement were determined with reference to, among other things, (a) the recent market prices or state-prescribed prices applicable to the relevant materials and/or services; (b) the Group’s anticipated demand for China Baowu Group’s materials and services to meet its production plans; and (c) China Baowu Group’s anticipated capacity in providing materials and services to the Group. In assessing the fairness and reasonableness of the proposed annual caps, we have discussed each of the factors with the management of the Group and reviewed the calculation of the proposed annual caps.
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Related to Procurement of materials and services from China Baowu Group

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