Procurement Transactions definition
Examples of Procurement Transactions in a sentence
Use an Event of Default as a basis to deem Vendor non-responsible in future contracts to be awarded by the Board and/or seek debarment of Vendor pursuant to the Board’s Debarment Policy on Non-Responsible Persons in Procurement Transactions (08- 1217-PO1), as may be amended.
Identify and list any such opportunities that your firm would commit to if awarded this Contract in Appendix 1- Participation in VCU Procurement Transactions Small Businesses and Businesses Owned by Women and Minority.
Use an Event of Default as a basis to deem Vendor non-responsible in future contracts to be awarded by the Board and/or seek debarment of Vendor pursuant to the Board’s Debarment Policy on Non-Responsible Persons in Procurement Transactions (08-1217-PO1), as may be amended.
Our Directors estimate that the transaction amounts of the Procurement Transactions for the years ending 31 December 2021, 2022 and 2023 will not exceed RMB1,822.0 million, RMB2,227.5 million and RMB2,635.0 million, respectively.
For the years ended 31 December 2018, 2019 and 2020, the historical transaction amounts for the Procurement Transactions amounted to approximately RMB773.6 million, RMB1,231.5 million and RMB1,329.3 million, respectively.
The Board announces that, on 26 January 2024 (after trading hours), the Company (for itself and on behalf of its subsidiaries) and CMHT (for itself and on behalf of its subsidiaries other than the Group) entered into the CMHT Sales and Procurement Framework Agreement in order to regulate the CMHT Procurement Transactions and CMHT Sales Transactions for the term of one year from 1 January 2024 to 31 December 2024.
Accordingly, the Procurement Transactions under the Sale and Procurement Framework Agreement will constitute continuing connected transactions of our Company under Chapter 14A of the Listing Rules upon the [REDACTED].
As one or more of the applicable percentage ratios under the Listing Rules in respect of the annual caps in relation to the Procurement Transactions under the Sale and Procurement Framework Agreement are expected to be more than 5%, the Procurement Transactions under the Sale and Procurement Framework Agreement will be subject to the reporting, annual review, announcement and independent Shareholders’ approval requirements under Chapter 14A of the Listing Rules.
Use an Event of Default as a basis to deem Vendor non-responsible in future contracts to be awarded by the Board and/or seek debarment of Vendor pursuant to the Board's Debarment Policy on Non-Responsible Persons in Procurement Transactions (08- 1217-PO1), as may be amended.