This excerpt taken from the CHU 6-K filed Dec 20, 2006.
19 December 2006
Guizhou branch (Seller)
Unicom Group, Guizhou branch (Purchaser)
Seller agreed to sell CDMA mobile handsets to
Purchaser pursuant to the Agreement. These handsets would be delivered by
Seller to recipients designated by Purchaser from time to time upon the
provision of supply notices by Purchaser to Seller specifying, among others,
the quantity, model and unit price of the CDMA mobile handsets required and
the time of delivery.
The consideration is the aggregate price set out in
the supply notices. The Company estimates that the amount of consideration
payable by Purchaser to Seller under the Agreement for the year ending 31
December 2006, 2007 and 2008 would be not more than RMB85 million
(approximately HK$84 million), RMB140 million (approximately HK$139 million)
and RMB180 million (approximately HK$178 million), respectively. The selling
prices of the CDMA mobile handsets are determined based on factors including
without limitation the cost of the handsets acquired by Seller for sale and
the cost in distributing those handsets to recipients designated by
Before the 10th calendar day of each month, the
parties will confirm the actual sales of the previous month and Purchaser
will pay the aggregate purchase price in full by the 30th calendar day of the
month (except in the month of February, in which the payment date shall fall
on the last calendar day of such month) to a bank account designated by Seller.