Basis of Consideration. The Group shall settle the promotional service fee monthly. The promotional service fee is calculated by multiplying the actual sales of HANQUYOU promoted by ▇▇▇▇▇▇▇ ▇▇▇▇▇ by applicable fee rates. Pursuant to the Promotional Services Agreement (2024 Renewal), the applicable fee rates from 1 January 2025 to 31 December 2025 will range from 25.0% to 32.0% based on the actual sales of HANQUYOU promoted by ▇▇▇▇▇▇▇ ▇▇▇▇▇ as agreed by the parties. Such fee rates are determined based on, among other things, the actual needs of the Group, the expected intensified market competition brought by more competing products’ launch, the latest forecast of market conditions in the Designated Areas, market standards and mutual negotiation between the Group and Jiangsu Fosun.
Appears in 1 contract
Sources: Promotional Services Agreement
Basis of Consideration. The Group shall settle the promotional service fee monthly. The promotional service fee is calculated by multiplying the actual sales of HANQUYOU promoted by ▇▇▇▇▇▇▇ ▇▇▇▇▇ by applicable fee rates. Pursuant to the Promotional Services Agreement (2024 2023 Renewal), the applicable fee rates from 1 January 2025 2024 to 31 December 2025 2024 will range from 25.022.5% to 32.029.0% based on the actual sales of HANQUYOU promoted by ▇▇▇▇▇▇▇ ▇▇▇▇▇ as agreed by the parties. Such fee rates are determined based on, among other things, the actual needs of the Group, the expected intensified market competition brought by more competing products’ launch, the latest forecast of market conditions in the Designated Areas, market standards and mutual negotiation between the Group and Jiangsu Fosun.
Appears in 1 contract
Sources: Promotional Services Agreement