The Board announced that on 13 December 2024, the Company entered into the Finished Gold Sales Framework Agreement with Zhaojin Jinye, pursuant to which the Group has agreed to sell Finished Gold to Zhaojin Jinyo for a term from 13 December 2024 to 31 December 2026. Specific executive agreement. During the term of the Finished Gold Sales Framework Agreement, the Group and the Purchaser will, from time to time and as necessary, enter into specific executive agreement in respect of each transaction contemplated under the Finished Gold Sales Framework Agreement.
Such specific executive agreement shall be subject to the terms and conditions of the Finished Gold Sales Framework agreement. Other principal terms. Pursuant to the Finished Gold Sales Framework Agreement., the signing of such agreement does not preclude the parties from selecting counterparties and conducting transactions with them independently. HISTORICAL TRANSACTION AMOUNT.
If the terms and conditions are subject to revision due to actual changes in circumstances, the appropriate approval process shall be re-performed. The business department of the Company will continuously monitor the pricing terms, collection arrangements and actual transaction amounts of each of the specific executive agreement in relation to the Finished Gold Sales Framework agreement, and will continuously identify and record the terms of finished gold under the Comparable Sales, and compare them with the terms of Finished Gold under the transactions contemplated under the Finished Gold sales Framework Agreement. The audit and compliance departments of the Company will check the execution of the relevant management systems of the Company in the internal control evaluation on a semi-annual basis, and conduct spot checks on the above information to ensure that the transactions under the Finished Gold Sales Framework agreement are in compliance with the relevant management systems of the company.
The management of the Company will regularly review the terms of the Finished Gold Sales Framework agreement and conduct spot checks on the execution of specific executive agreements and relevant transactions under the Finished Gold Sales framework Agreement, in particular, on whether (a) the pricing methodology has been properly adopted; the staff of the business department of the Company have compared the terms of finished gold with the terms of finished gold under The Comparable Sales, to ensure that the execution of such specific executive agreements and transactions are in compliance with the provisions of the Finished Gold Sales Framework agreements, and the terms of the Finished Gold sales Framework Agreement are fair and reasonable and in the interest of the Company and its Shareholders as a whole.
