Examples of Joint Venture Agreement in a sentence
FORMATION OF JOINT VENTURE On 5 September 2023, BEIED and Ping An Infrastructure Fund entered into the Joint Venture Agreement with effective conditions in respect of the formation of the Joint Venture in the PRC to invest, operate and manage new energy projects, such as photovoltaic power generation and wind power generation, etc, subject to the conditions set forth in the Joint Venture Agreement.
Composition of the supervisory board of the Joint Venture Pursuant to the Joint Venture Agreement, the supervisory board of the Joint Venture shall have two members, each of BEIED and Ping An Infrastructure Fund shall be entitled to nominate one member.
The Board is pleased to announce that, on 5 September 2023, BEIED (a non wholly- owned subsidiary of the Company) and Ping An Infrastructure Fund entered into the Joint Venture Agreement with effective conditions in respect of the formation of the Joint Venture in the PRC.
Pursuant to the Joint Venture Agreement, the board of directors of the Joint Venture shall have five members, three of whom (including the chairman of the board of directors) shall be nominated by BEIED, and two of whom shall be nominated by Ping An Infrastructure Fund.
Other management members of the Joint Venture Pursuant to the Joint Venture Agreement, the general manager of the Joint Venture shall be nominated by BEIED; the chief financial officer of the Joint Venture shall be nominated by Ping An Infrastructure Fund; the vice chief financial officer of the Joint Venture shall be nominated by BEIED; and the chief operational officer of the Joint Venture shall be nominated by Ping An Infrastructure Fund.