In certain agreements, we have committed to dedicated capacity allocation, priority supply terms, and pricing advantages, reflecting mutual trust and strategic alignment with our leading customers.
Summary · 第 7 页
Under a long-term supply agreement, Customer A provides significant volume commitments, ensuring predictable demand. In turn, we formalize our production dedication through a capacity commitment letter, which prioritizes their supply and details a clear ramp-up schedule to meet their forecasted needs.
Business · 第 141 页
Upon successful development and market launch of the products, contingent on meeting Customer A’s requirements regarding cost, quality, and capacity, we are granted either an exclusive right for a period of one to five years or a priority right to supply such jointly-developed products to Customer A.
In addition, some of our key customers have entered into production capacity commitment agreements with us whereby they will pay us deposit in advance to reserve our production capacity to mitigate their potential material supply shortages.
Summary · 第 1 页
As demand for FCBGA Substrates exceeded available supply, certain downstream customers have entered into production capacity commitment agreements with us to secure our production capacity.
Business · 第 123 页
Our assigned personnel would monitor the respective refundable capacity commitment deposits and promptly analyse the changes in its valuation, and report and take measures immediately upon identifying any risk factors.
In addition, we have secured a long-term capacity reservation agreement with an overseas offshore wind customer, scheduling to 2030 and covering 400,000 tonnes of dedicated production capacity.
Business · 第 108 页
The first supply contract under this agreement has been signed, with subsequent projects to be executed progressively.
Business · 第 108 页
For example, we have signed long-term strategic cooperation framework agreements with leading domestic steel mills, which are accepted by our customers, to secure favorable commercial terms and ensure a stable supply chain;
Recently, to address potential supply shortages and ensure stable supply, four of our end customers who are leading global CPU, GPU and PCB companies entered into capacity supply agreements or term sheet with us, under which such customers agreed to pay refundable deposits to lock in our production capacity for our special-purpose electronic fabric products for a period of approximately two to three years.
Summary · 第 14 页
The agreement typically stipulates dedicated monthly volume required from us.
The agreement sets out a minimum purchase amount of 2,000 tons of our new energy materials product per month, and the price is determined by a fixed formula taking into account the metal price, metal content and manufacturing costs.
Business · 第 140 页
The contract sets out the minimum purchase amount of 137,800 metal tons of the products throughout the contract term with a breakdown per each contract years.
Our Group typically enters into either long-term offtake agreements or spot sales contracts, depending on the customer’s needs and the nature of the product. Long-term agreements are common with strategic customers who require stable supply over multiple years. These contracts often include volume commitments, pricing formulas, and performance clauses.
Business · 第 149 页
We would usually commit to supplying a predetermined quantity of gold, silver and other non-ferrous metal products each month, with the total annual volume specified in the contract.
南山铝业国际控股有限公司Nanshan Aluminium International Holdings Limited02610.HK
与Press Metal十年期及Customer D七年半承购协议
We have entered into a ten year offtake agreement with Press Metal, pursuant to which Press Metal Group's annual purchase volume shall be one million tons of alumina when BAI's production capacity is two million tons and shall be 1.5 million tons when BAI's production capacity reaches three million tons.
Business · 第 192 页
The Alumina Sales Contracts may be terminated by notice by the non-breaching party upon various grounds of termination, including (a) inability of the breaching party to remedy a breach within the stipulated timeframe; (b) the breaching party committing a non-remediable breach of any of the material terms and conditions; or (c) insolvency of the breaching party.
Business · 第 204 页
On 24 January 2025, we have entered into an offtake agreement with Customer D for a term of 7.5 years for continuous collaboration.
In October 2022, we entered into a strategic cooperation agreement with an emerging Zhejiang-based lithium-ion battery manufacturer whose parent is listed on the Shanghai Stock Exchange STAR Market regarding the supply of 120.0 thousand tons of LFP cathode materials during the contract term.
Business · 第 237 页
In February 2023, we entered into a strategic cooperation agreement directly with a leading PRC automaker which purports to establish in-depth cooperation on the supply and development of lithium-ion battery materials between our Company and the automaker including actively promoting its battery suppliers to procure our products from us under the circumstances set forth in the agreement.
Business · 第 237 页
In addition, in February 2024, we entered into a long-term supply agreement with LGES, where LGES and its affiliates committed to procure 160,000 tons of our LFP cathode materials from 2024 to 2028.
泛远国际控股集团有限公司FAR International Holdings Group Company Limited02516.HK
与Supplier U舱位协议及背靠背安排
In accordance with the Transitional Arrangement, our Group is required to furnish Customer Q with a specified international linehaul capacity. To fulfil this requirement, our Group entered into the Block Space Agreement with Supplier U in July 2023, with a pricing quotation remaining valid until the end of 2023.
Business · 第 256 页
To further mitigate our risks in the event that Customer Q does not fulfil the Guaranteed Minimum Weight, our Group entered into a back-to-back arrangement with Customer Q in September 2023 (the “Back-to-Back Arrangement”), where Customer Q has agreed to reserve the Guaranteed Minimum Weight from our Group for each of the designated flights operated by Supplier U at pre-agreed prices for the four months ended 31 December 2023.
Business · 第 258 页
Furthermore, to mitigate our risks associated with the block space arrangements with our suppliers, our Group sought opportunities to enter into back-to-back arrangements with both our suppliers and customers to maintain our revenue and profitability.