REASONS FOR AND BENEFITS OF THE MASTER HP AGREEMENT AND THE MASTER IT AGREEMENT Sample Clauses

REASONS FOR AND BENEFITS OF THE MASTER HP AGREEMENT AND THE MASTER IT AGREEMENT. As a result of negotiations among HP, the Company and EC-Founder, the Company entered into an agreement with HP pursuant to which the Company is appointed as an authorized, non- exclusive reseller for the HP Products in the PRC. The EC-Founder Group will continue to purchase the HP Products from the Group under the Master HP Agreement. The Group is principally engaged in software development and systems integration relating to the media industry and non-media industries including financial institutions, enterprises and government departments in the PRC. The Group has also been purchasing information hardware products for use in its software development business. EC-Founder Group is principally engaged in the distribution of information hardware products in Hong Kong and in the PRC. The Board considers that it is beneficial to the Group to continue to maintain members of EC-Founder Group as its suppliers and to continue to purchase information hardware products from EC- Founder Group on normal commercial terms. The Directors believe that having a long-term customer and supplier such as EC-Founder can effectively enhance the Group’s financial performance. The Directors (in respect of the Master HP Agreement, excluding the Independent Director whose views will be based on the opinion of the independent financial adviser, and in respect of the Master IT Agreement including the Independent Director) also consider that the entering into the Master HP Agreement and the Master IT Agreement is (i) in the ordinary and usual course of business of the Group; (ii) on normal commercial terms; and (iii) fair and reasonable so far as the Independent Shareholders are concerned, and in the interests of the Company and its shareholders as a whole.
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Related to REASONS FOR AND BENEFITS OF THE MASTER HP AGREEMENT AND THE MASTER IT AGREEMENT

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