On March 14, NVC Lighting issued a notice of continuing connected transactions, which stated that NVC Lighting's continuing connected transactions with DHL Runda under the DHL Runda Sales Agreement on August 28, 2013, were in 2015. Expiring on the 31st of the month, NVC Lighting intends to continue to conduct transactions with DHL Runda in the normal and daily business process. Therefore, on March 14, 2016, it entered into the sales of Xinde Hao Runda with DHL Runda. protocol. The Xindehao Runda sales agreement has a term of three years from January 1, 2016. According to the Xindehao Runda sales agreement, NVC Lighting agreed to sell finished products to Dehao Runda and its affiliates on a non-exclusive basis, including but not limited to LED lamps. The quality, quantity and technical standards of the products delivered by NVC Lighting shall be in accordance with the standards of Dehao Runda and its affiliates as set out in the individual contract for each sales order. NVC Lighting stated that the reasons and benefits of entering into the Xindehao Runda Sales Agreement are due to the continued demand of these products in the next three years due to the continuous demand of Dehao Runda and its affiliates in the next three years, and Dehao Runda and its affiliates The fees paid have been competitive and the New DeHao Runda Sales Agreement was entered into.
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March 03, 2021