21.2. This agreement is not considered a trade commission agreement and/or a committee agreement. This agreement does not establish a relationship between Joom as the Commission`s representative and the distributor as a commitment. Please note: In the event of non-compliance or the risk of non-compliance on the part of you, joom reserves the right to make payments to the dealer for a certain period of time. In this case, Joom will inform the merchant of the period of suspension of payment. HIPG is mainly active in the development, operation and management of the port of Hambantota as part of a concession agreement. Security: PCI-DSS security channel for your dealer`s data. 6.1. Participation and the creation of a store on Joom are free, unless Joom informs otherwise. Joom`s commission on the services provided by the sales agent under this agreement depends on the category of the item and is made available in the Joom Help Center available under merchant-help.joom.com/hc/zh-cn.
As part of the agreement, China Merchants will sell Fujian TMSR 23.5% of the shares in the 100% subsidiary of Gainpro Resources, which owns 85% of the international port group hambantota (HIPG), for a price of USD 268 million. On May 28, China Merchants Port, Alibaba and Ant Financial signed a framework agreement for strategic cooperation through the innovative form of “blockchain signature” in Beijing, Hong Kong, Shenzhen and Hangzhou. Group Chairman Hu Jianhua, Executive Vice President Wang Hong, Deng Renjie and Chief Digital Officer Zhang Jian, Alibaba Group Vice President Zhong Tianhua and Ant`s Chief Financial Officer Jing Xiandong attended the signing ceremony.