Common use of Historical Transaction Amounts Clause in Contracts

Historical Transaction Amounts. During the Track Record Period, the total fee paid by us was nil as the Intellectual Property Licensing Agreement was on a royalty-free basis. Pursuant to the Intellectual Property Licensing Agreement, the license will continue to be royalty- free. Our Group has been using the Licensed Intellectual Properties on a royalty-free basis for a number of years in the PRC. We intend to continue to use the Licensed Intellectual Properties in such connection after the [REDACTED]. Our Directors consider that entering into the Intellectual Property Licensing Agreement for a duration longer than three years is reasonable and justifiable to ensure the stability of our operations. The term of the Intellectual Property Licensing Agreement ensures our ongoing operations are not interrupted and is a usual business practice. Our Directors consider the Intellectual Property Licensing Agreement to be beneficial to the interests of our Company and our Shareholders as a whole. On the basis that (i) the Intellectual Property Licensing Agreement is beneficial to our business;