Hong Kong IPO disclosure precedents · 39 companies, 39 items
Long-term procurement or framework agreements with key suppliers to lock in price, supply volume and capacity, including MOUs, auto-renewal, absence of minimum purchase and payment terms.
Long-term Agreements and Bulk Purchasing: We typically enter into strategic cooperation agreements lasting about three years to ensure relatively stable resources from our suppliers. In certain circumstances such as the risk of industrial supply shortage, we also enter into long-term agreements with suppliers to lock in prices and supply quantities and reduce costs through bulk purchasing.
Business · p. 181
As of March 31, 2026, we maintained stable relationship with multiple manufacturers of chip, chipsets and/or circuit boards, three of which had entered into long-term procurement agreements with us.
We typically enter into long-term memorandum of understanding or framework agreements with suppliers of key raw materials, including memory wafers and controller chips.
Business · p. 205
Except for certain specialized projects where we require additional support from suppliers, they typically do not impose a minimum purchase requirement on us.
Business · p. 205
The agreements are typically effective for three years from the date of signing and subject to automatic renewal unless terminated earlier.
To ensure a stable wafer supply and mitigate risks of input price increases, capacity shortages and geopolitical supply chain disruptions, we entered into long-term agreements with several key suppliers.
Financial Information · p. 230
We align our rolling forecasts with foundry partners and capacity reservations, including multi-foundry arrangements and flexible take-or-pay terms, with periodic slot reallocation windows.
Subsequent to the Track Record Period, we entered into a capacity assurance arrangement with Fullsemi Semiconductor pursuant to which Fullsemi Semiconductor will reserve a specified amount of 12-inch wafer fabrication capacity for us and our affiliates throughout 2026.
To strengthen our supply chain stability, we also entered into cooperative agreements with certain orchards, whereby, among other things, we committed to purchase hog plums that meet the cultivation technical standards for Green Food from them while the orchards are also restricted from selling the hog plums to any third parties.
Business · p. 133
As these orchards utilise the hog plum seedlings we provided, we imposed geographical location requirements to ensure that these seedlings were planted in appropriate environment within Chongyi County.
We enter into long-term supply agreements with our suppliers in connection with our promotion and distribution of their products nationwide or across broader geographic regions, and to secure stable procurement of finished pharmaceutical products within our core product portfolio.
Business · p. 147
These agreements, typically spanning three to five years, focus on products with strong market competitiveness, such as those in high demand with limited competition or those that are imported and original.
Business · p. 147
Generally, each agreement sets out annual purchase volumes, pricing, delivery schedules and incentives for excess purchases. Payment terms generally require a 50% advance payment upon order placement, with the remaining 50% due upon completion of production and delivery.
In June 2026, we entered into a 60-month computing power service agreement, pursuant to which we lease computing resources with related networking, deployment, operation and maintenance and support services, enhancing the stability and flexibility of our access to computing resources.
To secure stable diesel supply, subsidiaries of the Company have entered into various forward purchase agreements for high speed diesel (HSD) with PT AKR Corporindo Tbk starting from 1 November 2022 to 31 October 2027 or 31 May 2032, as applicable, for the Group’s mining operations.
Business · p. 204
To further enhance supply security, the Company is in the process of constructing an additional fuel storage tank, expected to be completed in 2H2026.
Business · p. 205
Given that diesel cost accounts for approximately 2-4% of total AISC over LOM, the recent fluctuation in diesel price is not expected to have significant negative impact on the Company’s financial performance and profitability.
To ensure a stable supply of certain critical raw materials, we have entered into a long-term supply agreement with one core supplier.
Business · p. 147
If we fail to purchase the agreed quantities, we may be required to pay for the agreed quantities that are not purchased, provided that the supplier has made such products available for purchase.
Business · p. 147
In return, the supplier agrees to reserve certain production capacity and maintain agreed pricing during the term of the agreement.
We have entered into a Master Evaluation Agreement with Supplier A, which serves as the overarching contract, along with a Master Software Agreement and a Components Supply Agreement executed under it.
Business · p. 168
The agreements have an initial term of five years and automatically renew on a year-to-year basis under the same terms, unless either party provides written notice of termination at least 60 days prior to the applicable anniversary of the initial effective date of the agreements.
Business · p. 168
Since our cooperation, we have not experienced any interruption or restriction of renewing our agreements with Supplier A or use of Supplier A’s chips.
Pursuant to the Production Capacity Reservation Agreement, PSMC committed to supplying and we committed to purchasing certain number of wafers according to an agreed schedule.
Business · p. 153
We believed maintaining operational agility through normal procurement arrangements better serves our business strategies than making rigid purchase commitments with PSMC.
Our prepayments, other receivables, and other assets decreased from RMB124.9 million as of December 31, 2023 to RMB88.5 million as of December 31, 2024, primarily due to an increase in impairment losses on prepayments made under a long-term supply agreement that we entered into to prevent potential temporary shortages in supply for certain parts in 2023.
Financial Information · p. 184
As of April 30, 2026, RMB92.0 million, or 65.9% of our prepayments, other receivables, and other assets as of December 31, 2025 had been settled.
On January 10, 2024, we entered into a long-term industrial off-gas sales and purchase agreement with Jiyuan Metallurgical to regulate the provision of industrial off-gas by Jiyuan Metallurgical to Shoulang Jiyuan, pursuant to which Jiyuan Metallurgical undertook to provide Shoulang Jiyuan with a continuous and stable supply of the industrial off-gas required for the operation of Shoulang Jiyuan.
Summary · p. 12
As advised by our PRC Legal Advisor, under the industrial off-gas procurement agreement, if Jiyuan Metallurgical suspended or insufficiently supplied industrial off-gas without proper reason and caused losses to Shoulang Jiyuan, Jiyuan Metallurgical may be liable for damages for breach of contract.
The remaining portion of our self-supplied spodumene concentrates during the Track Record Period was secured through a long-term offtake arrangement that entitles us to 70% of the annual lithium raw materials produced by an associate company.
Business · p. 108
We consider our spodumene concentrates to be self-produced where they are sourced (i) from mining operations in which we hold equity interests, or (ii) from entities over which we exercise significant influence through our equity interests and with which we have entered into long-term offtake agreements, under which our suppliers have committed to provide specified quantities of lithium concentrates over agreed contract periods or otherwise provided for in the relevant agreements.
Business · p. 108
We believe this diversified and increasingly integrated sourcing approach enhances the stability of our lithium concentrate supply and helps manage raw material price volatility.
Estimated procurement quantities or minimum purchase commitments are typically specified for major raw materials such as propylene, methanol, ethylene oxide, low-pressure liquefied gas and propylene oxide to ensure supply stability.
Business · p. 114
Certain long-term agreements adopt formula-based pricing or price linkage mechanisms, under which prices are adjusted on a monthly or quarterly basis in accordance with market conditions to enhance cost transparency and controllability.
Business · p. 114
During the Track Record Period and up to the Latest Practicable Date, we did not experience any material breaches of contractual agreements with our major suppliers.
We have established a long-term partnership with United Nova Technology Co., Ltd (芯聯集成電路製造股份有限公司) (''UNT''), a key supplier to leading players in the power device industry since 2019, and entered into a strategic partnership agreement with UNT in January 2025, pursuant to which, UNT will allocate resources to fulfill our procurement requirements and strive to meet our demands.
Business · p. 166
During the Track Record Period and up to the Latest Practicable Date, there had been no disruptions or material delays in supply from UNT that had adversely affected our operations.
During the Track Record Period, we were subject to a long-term capacity supply agreement with Supplier B.
Business · p. 161
Under this agreement, Supplier B commits to reserve dedicated capacity for us for wafers in such process node, and we commit to purchase these wafers from Supplier B in quantities not less than 90% of the reserved capacity (the “minimum purchase quantity”) at pre-agreed unit prices each month during the term of the arrangement.
Business · p. 161
In each month during the Track Record Period within the term of the arrangement, our monthly purchases of wafers under this agreement exceeded the contractual minimum purchase quantity, with unit prices within a commercially reasonable range.
We have entered into long-term framework agreements with AGH for all of the cloud services, software licenses and shared services, each effective until December 31, 2027.
Business · p. 171
Due to our aligned strategic interests and complementary strengths, and as AGH is one of our Controlling Shareholders, we expect our cooperation to continue in the future.
By entering into the DRAM Provision Agreements, the Group and CXMT Group have clarified the modalities and arrangements of their cooperation, and CXMT Group has become a reliable and stable qualified foundry partner of the Group, allowing the Group to focus on the design and sales of its niche DRAM under the fabless business model.
Business · p. 227
- Duration. The DRAM Provision Agreements shall be valid until December 31, 2030, and shall be automatically renewed for successive terms of five years unless either party notifies the other party in writing no later than six months prior to the expiry of the DRAM Provision Agreements.
Business · p. 227
According to Frost & Sullivan, the pricing approach under the DRAM Provision Agreements is in line with the industry norm;
Such agreements may include specified minimum purchase levels over a defined period and may be subject to shortfall charges if the minimums are not met.
Business · p. 302
These terms are generally negotiated based on projected operational requirements and are consistent with market practice;