Products and services to be procured by the Group from China Datang Group Sample Clauses

Products and services to be procured by the Group from China Datang Group. Service procurement business Equipment and raw material procurement business Notes: (1) Please refer to the notes set out in “I. Renewed Integrated Product and Service Framework Agreement – Proposed Annual Caps” in this announcement above. (2) The utilisation rate is calculated by taking the actual transaction amounts for the six months ended 30 June 2024 and dividing it by the proportionate six-month portion of the historical annual cap for the year ending 31 December 2024 for illustration purposes. (3) The Group originally planned to develop its renewable energy engineering business through undertaking EPC contracting projects; however, due to the low profit margin of such projects, the Group gradually reduced the scale of its operations in these projects in recent years. This resulted in the historical transaction amounts of the engineering business being lower than expected for the two years ended 31 December 2023 and six months ended 30 June 2024, leading to relatively low utilisation rates. However, the Group established the renewable energy design institute (新能源設計院) in 2023 to provide renewable energy engineering design and technical services. Therefore, despite the reduction in the scale of EPC contracting operations, a significant increase in the transaction amounts of renewable energy engineering design and technical services is expected. The higher proposed annual caps for the engineering business, compared to historical transaction amounts, are intended to accommodate such growth in the renewable energy engineering business. (4) The lower-than-expected transaction amounts in the renewable energy engineering business, as explained in Note 3 above, affected the corresponding service procurement amounts, resulting in, similarly, low utilisation rates for the service procurement business. However, for the same reasons stated in Note 3, the transaction amounts of the Group’s renewable energy engineering business, specifically of design and technical services, are expected to increase in the upcoming three years. Hence, higher proposed annual caps for the service procurement business have been made to accommodate this anticipated growth in demand. Under the Renewed Integrated Product and Service Framework Agreement, the pricing policy of various products and services are as follows:
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Products and services to be procured by the Group from China Datang Group. In most circumstances where the Group purchases products and/or services from China Datang Group, bidding procedures shall apply for determination of the price. Only in exceptional circumstances, bidding procedures can be skipped by the Group. These circumstances primarily include (a) reoccurrence of lack of sufficient number of bidders attending the bidding procedure; and (b) urgent procurement demand by the Group that does not allow the bidding procedure to be completed. • The pricing policy for service procurement business: In respect of the ancillary services under the concession operations of desulfurization and denitrification and water treatment, the price shall be determined based on the relevant labour costs, the relevant management expenses and the equipment maintenance fees associated with the relevant power plants after taking into account the average level of the industry. If no bidding process is conducted, apart from making reference to prices on official bidding websites, the Group will also make reference to the price quotes offered by, or available from, three third party customers so as to make relevant comparison with the price quotes offered by China Datang Group. The Group will consider purchasing relevant ancillary services from such third party customers if their terms are more favourable than that offered by China Datang Group after taking into account various factors including but not limited to price quotes, other commercial terms, level of synergy to be achieved and historical transactional records with such parties. • The pricing policy for other service procurement businesses: In most circumstances where the Group purchases services from China Datang Group, bidding procedures shall be applied for the determination of prices. Only in exceptional circumstances, bidding procedures can be skipped by the Group where the purchasing price shall be determined by experts of the Group based on fair market value and historical records of procurement price. • The pricing policy for supply of water, electricity and steam: In accordance with the Renewed Integrated Product and Service Framework Agreement, the price of the products, primarily, water, electricity and steam supplied by power plants under China Datang Group to the Group, will be determined based on the actual costs incurred by power plants when supplying such products to third-party desulfurization and denitrification concession operation service providers per the government’s p...
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  • Additional Products and Services Subject to the allocation of funds, the CPO may add similar equipment, supplies, services, or locations, within the scope of this Agreement, to the list of equipment, supplies, services, or locations to be performed or provided by giving written notification to Contractor. For purposes of this Section, the “Effective Date” means the date specified in the notification from the CPO. As of the Effective Date, each item added is subject to this Agreement, as if it had originally been a part, but the charge for each item starts to accrue only on the Effective Date. In the event the additional equipment, supplies, services, or locations are not identical to the items(s) already under this Agreement, the charges therefor will then be Contractor’s normal and customary charges or rates for the equipment, supplies, services, or locations classified in the Fees and Costs (Exhibit “F”).

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