Examples of Business Cooperation Agreement in a sentence
Reference is made to the announcement of the Company dated 24 August 2018 regarding the Internet Insurance Business Cooperation Agreement entered into between the Company and PICC Financial Services.
After the Exclusive Business Cooperation Agreement has been fully performed, the consulting and service fees thereunder have been fully paid and the obligations of Party C under the other Control Agreements have been terminated, this Agreement shall terminate and the Pledgee shall cancel or terminate this Agreement as soon as reasonably practicable.
On 11 July 2019, the Company and PICC Financial Services entered into the Supplemental Agreement relating to the Internet Insurance Business Cooperation Agreement to supplement the contents of cooperation and to reach an agreement in respect of the cap of service fees for the period from 1 January 2019 to 26 November 2019.
As the highest applicable percentage ratio for the proposed annual caps of the service fees involved in the Business Cooperation Agreement with ZSIB is less than 0.1%, the Cooperation in Services on Disaster Prevention, Loss Prevention, Risk Assessment and Risk Management Consultation is exempt from the reporting, annual review, announcement and independent shareholders’ approval requirement under Chapter 14A of the Listing Rules.
Where it is impracticable to make reference to the rate of the service fees offered by independent third party service providers for comparable services, the Group will take into consideration the cooperative specifications, cost structure, profit margin, market condition and development strategy in determining the rate for the fees payable by the Group pursuant to the 2021 Master Business Cooperation Agreement, ensuring the terms of the agreements are in the interest of the Group.