Examples of Brand License Agreement in a sentence
The annual cap for the Brand License Agreement from July 31, 2023 to December 31, 2023 is US$3.0 million.
The Directors, including the independent non-executive Directors, consider that the proposed annual caps and the continuing connected transactions under the Brand License Agreement and Product Development Agreement have been conducted in the ordinary and usual course of business of the Group, are on normal commercial terms and are fair and reasonable and in the interests of the Company and the Shareholders as a whole.
Accordingly, each of the Sourcing Services Agreement- Joyoung, Brand License Agreement and Product Development Agreement constitutes continuing connected transaction of the Company under Chapter 14A of the Listing Rules.
Historical Amount For the year ended December 31, 2023 (US$ million) Transaction amount 1.9 From January 1, 2024 to March 31, 2024, the transaction amount under the Brand License Agreement was US$0.9 million.
References are made to the announcements of the Company dated July 31, 2023 and October 9, 2023 and the circular of the Company dated September 18, 2023 in relation to, among others, the continuing connected transactions contemplated under the Sourcing Services Agreement – Joyoung, the Brand License Agreement and the Product Development Agreement.