Tencent Group definition
Examples of Tencent Group in a sentence
Such forward looking statements are prospective in nature and are not based on historical facts, but rather on current expectations and on numerous assumptions regarding the business strategies and the environment in which the Tencent Group or the Enlarged Group will operate in the future and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied by those statements.
On December 6, 2024, Shanghai Yueting (on behalf of the Group) and Tencent Computer (on behalf of the Retained Tencent Group) agreed to enter into the Supplemental Agreement to revise the existing annual caps under the 2024 Media Production Consignment Agreement.
The Group is one of the leaders in the industry of smart devices, whereas Tencent Group is one of the leading digital and multimedia content providers in the PRC.
In light of the above, the Directors believe that it is for the benefit of the Group to continue to corporate with Tencent Group under the 2021 Game Cooperation Framework Agreement and consider that the transactions under the 2021 Game Cooperation Framework Agreement are entered into in the usual and ordinary course of business of the Group.
All subsequent oral or written forward-looking statements attributable to any member of the Tencent Group or Sumo Group, or any of their respective associates, directors, officers, employees or advisers, are expressly qualified in their entirety by the cautionary statement above.
If the Company does not enter into any definitive transaction agreement with Tencent Group within the sixty (60) calendar days following the expiration of the AIL Notice Period, or if such agreement is not consummated within ninety (90) calendar days of the execution thereof, AIL’s right of first refusal provided under this Clause 9(f)(B) shall be deemed to be revived and the Company shall re-deliver a Sale Notice to AIL in accordance with this Clause 9(f)(B).
If AIL decides not to exercise the AIL Option, or fails to pay the deposit to the Company pursuant to the AIL Offer within the AIL Notice Period, the Company can proceed with the transaction with Tencent Group upon terms and conditions not more favorable than those set forth in the Sale Notice.
Reference is made to the announcement of the Company dated August 10, 2023, in relation to, among other things, the entering into the 2024 Media Production Consignment Agreement in relation to, among other things, the production and distribution of the live-action films and television series and animations for the Retained Tencent Group, with a term for three years from January 1, 2024 to December 31, 2026.
On November 26, 2024, ▇▇▇▇▇▇ ▇▇▇▇▇ (on behalf of the Group) and Tencent Computer entered into the Tencent Payment Services Framework Agreement, pursuant to which the Represented Tencent Group shall provide the Payment Services to the Group for the period commencing from December 1, 2024 to December 31, 2026.
Both the Company and the Tencent Group have established reputable brand recognition, and products which are competitive and well-regarded in the markets.