Jufei Optoelectronics (300303) and Sanan Optoelectronics (600703) issued an announcement announcing the signing of the Strategic Cooperation Agreement. According to the agreement, Jufei Optoelectronics will purchase LED chips of approximately RMB 200 million from Sanan Optoelectronics from March 2014 to March 2015.
The agreement shows that the strategic cooperation period between the two parties is three years. During the first year of the agreement period, from March 2014 to March 2015, Jufei Optoelectronics purchased LED chips from Sanan Optoelectronics, amounting to approximately RMB 200 million (variable amount ± 15% as market conditions change) The types and amounts of purchases for the next two years of the agreement period shall be negotiated separately by the parties in December of the previous year and signed by a written supplemental agreement.
From the perspective of specific cooperation methods, Sanan Optoelectronics will supply the company with the most competitive price and best cost-effective products, and prioritize the company's scheduling and stocking, and timely meet the company's procurement needs. The cooperation between the two parties is not exclusive. At the same time, the two sides can establish similar cooperative relations with other parties.
The agreement shows that the strategic cooperation period between the two parties is three years. During the first year of the agreement period, from March 2014 to March 2015, Jufei Optoelectronics purchased LED chips from Sanan Optoelectronics, amounting to approximately RMB 200 million (variable amount ± 15% as market conditions change) The types and amounts of purchases for the next two years of the agreement period shall be negotiated separately by the parties in December of the previous year and signed by a written supplemental agreement.
From the perspective of specific cooperation methods, Sanan Optoelectronics will supply the company with the most competitive price and best cost-effective products, and prioritize the company's scheduling and stocking, and timely meet the company's procurement needs. The cooperation between the two parties is not exclusive. At the same time, the two sides can establish similar cooperative relations with other parties.
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