Quarter Contract definition
Examples of Quarter Contract in a sentence
Winter Quarter Contract Dates: January 2, 2026 to March 26, 2026 c.
As stated in the January 2021 Announcement, on 15 January 2021, the Company and Conch New Materials Company entered into the First Quarter Contract for the Group’s procurement of cement grinding aids with a validity period from 15 January 2021 to 31 March 2021 and for an aggregate transaction amount of not more than RMB200,000,000.
References are made to the January 2021 Announcement and the April 2021 Announcement in relation to, among other things, the relevant details of the continuing connected transactions contemplated under First Quarter Contract and the Procurement of Cement Admixtures (Grinding Aids) Contract.
Based on the unaudited accounting records of the Company, the actual transaction amount under the First Quarter Contract was approximately RMB191 million, which did not exceed the estimated aggregate maximum transaction amount of RMB200,000,000 for the period from 15 January 2021 to 31 March 2021.
As stated in the April 2021 Announcement, the First Quarter Contract was completed.
As of the date of this announcement, the total actual transaction amounts of approximately RMB787 million under the First Quarter Contract and the Procurement of Cement Admixtures (Grinding Aids) Contract have not exceeded the Existing 2021 Annual Cap.
Since the First Quarter Contract and the Procurement of Cement Admixtures (Grinding Aids) Contract (as supplemented by the Supplemental Contract) were entered into between the Company and the same party within 12 months, according to Rule 14A.81 of the Listing Rules, the transactions contemplated under the First Quarter Contract and those under the Procurement of Cement Admixtures (Grinding Aids) Contract (as supplemented by the Supplemental Contract) shall be aggregated as if they were one transaction.
The unit price of composite type cement grinding aid products under the Procurement of Cement Admixtures (Grinding Aids) Contract was determined based on the results of the price inquiry and comparison as described above, and upon further competitive negotiations between the Company and Conch New Materials Company (the price is lower than the unit price under the First Quarter Contract).
Residents who are not required by University policy to live in a residence hall may enter a Quarter Contract for a $350 fee over and above the applicable room and board fees.