On August 27, 2024, the Supreme People's Court issued the "Reply on the Validity of the Agreement between Large Enterprises and Small and Medium sized Enterprises on Third Party Payment as a Payment Condition" (hereinafter referred to as the "Reply"), which negates the effectiveness of the agreement between large enterprises and small and medium-sized enterprises on third-party payment as a payment condition, and makes provisions on how to determine the payment period and breach of contract liability after the relevant provisions are invalid.
In order to accurately grasp the content of the "Reply" and related regulations, and flexibly apply them to business, on the morning of September 13th, the company invited Lawyer Gao Chenggan, Senior Partner of Beijing Dacheng (Nanjing) Law Firm, to interpret the relevant content.
Lawyer Gao gave a comprehensive and detailed explanation on the applicable subject, scope, classification of enterprise types, handling of invalid contracts, legal analysis of "back-to-back" payment terms, and risk prevention in the "Reply", combined with relevant litigation cases and contract terms of the company. The on-site trainees had in-depth discussions and exchanges based on their actual business needs.

        More than 50 people from various subsidiaries, business departments, functional departments, etc. participated in this training.