【Notice】

1. These "Reservation Service Terms" (hereinafter referred to as "these Terms") apply to all products available for reservationon the SaleYee platform (website: https://www.saleyee.com). These Terms are legally binding for all buyers with reservation needs and all suppliers who agree to provide reservation services (suppliers who have completed registration and verification through the supplier platform https://gsp.saleyee.com).

2. The term "Reservation Service" as referred to in these terms refers to the action taken by a buyerto, based on their sales demand estimates and plans, proactively reserve and lock in the inventory of products available for reservation from the supplier. This is done by prepaying a certain amount of deposit to the supplier, reserving a specific quantity of products, and ensuring the purchase of all reserved products from the supplier within the reservation validity period. "Products available for Reservation" refer to the products that the supplier agrees to allow the buyer to circle. The "Reservation quantity" is the total quantity of products filled in by the buyer in the reservation application form and approved by the supplier. The "Reservation validity period" is the timeframe within which the buyer must complete the purchase and payment for all reservation quantity of products from the supplier, starting from the effective date of the reservation  If there are remaining reservation products that have not been purchased beyond the validity period, those products will no longer be reserved for the buyer, and the buyer is required to pay a certain amount of reservation default penalty to the supplier.

3. If Buyer intends to use the reservation function of the platform or if the supplier agrees to provide reservation services, both parties must activate this service feature on the respective platform. When activating the reservation function, both the buyer and the supplier must, in accordance with the prompts and requirements of the respective platform system, confirm these terms online by clicking the agreement. Before accepting these terms, the buyer and the supplier have carefully read and fully understood all the contents of these terms (especially those marked in bold). If the buyer or supplier has any questions about these terms, they should promptly inquire through the platform's customer service channels before clicking agree. The act of the buyer clicking agree to confirm these terms or submitting a reservation application form is considered acceptance of all the contents of these terms by the buyer. Similarly, the act of the supplier clicking agree to confirm these terms or accepting the buyer's reservation application form is considered acceptance of all the contents of these terms by the supplier. Each reservation application form submitted by the buyer and accepted by the supplier is bound by these terms.

4. These terms are governed by the laws of the People's Republic of China. The interpretation of these terms belongs to the Saleyee platform, and the platform has the right to revise these terms. The revised terms will take effect on the date of publication or the specified date.

5. In the event of a dispute arising between the buyerand the supplier regarding the acceptance and provision of reservation services, the parties should attempt to resolve the dispute amicably. If an amicable resolution cannot be reached, the parties may submit the dispute to the buyer platform or supplier platform for mediation. Alternatively, the dispute can be directly arbitrated by the Shenzhen International Arbitration Court, with the arbitration venue in Shenzhen and the arbitration language being Chinese.

If a dispute arises between the buyer and platform or between the supplier and platform concerning these terms, the respective parties should engage in amicable negotiations. If negotiations fail, each party agrees to submit the dispute to the Shenzhen International Arbitration Court, with the arbitration venue in Shenzhen and the arbitration language being Chinese.

【Service Terms】

1. Buyershould independently assess whether to use the reservation function and services based on market demand, their own sales situation, and capabilities. If a buyer chooses to use the reservation function, they should submit a reservation application form through the platform. The content of the reservation application form includes, but is not limited to, specific reservation product names, specifications, brands, reservation quantity, price, total order price, reservation days, and validity period. The specific content of the reservation application form displayed on the buyer platform shall prevail.

Buyer should truthfully, accurately, and prudently fill out the reservation application form, especially regarding reservation quantity and reservation days. If a buyer fills out the reservation application form improperly or even maliciously, all adverse consequences shall be borne by the buyer, including but not limited to paying corresponding default penalties or other compensations to the supplier. At the same time, the platform reserves the right to pursue buyer' responsibilities for unreasonable or malicious reservation that adversely affects the normal operation of the Saleyee platform.

2. After the buyer's reservationapplication form is approved by the platform and accepted by the supplier, the buyer is required to pay the deposit within 3 days. If the deposit is not paid within the specified 3-day period, the reservation application form will automatically become invalid. The deposit amount for each reservation application form is calculated based on the total price of the reservation products included in that form. The total price is determined by multiplying the price of the products by the reservation The product price is based on the price displayed by the platform at the time of reservation application form generation and does not include member discounts, any taxes, value-added service fees, remote state shipping costs, or other expenses beyond the product amount.

The deposit ratio is set based on the total reservation product price for each reservation application form. The specific deposit payment ratio for each reservation application form is determined by the ratio displayed on the platform.

3. The reservationapplication becomes effective after the buyer pays the deposit, and it remains in effect until the buyer has purchased and received all reservation After the reservation application becomes effective, the buyer locks and reserves the corresponding quantity of inventory for the reservation products. During the reservation validity period, the supplier is not allowed to sell or handle the reservation products in any way with third parties. The supplier must ensure the adequacy and stability of the reservation inventory.

The buyer is required to purchase and pay for the entire quantity of reservation products before the reservation validity period expires. If you choose the non-locking price reservation mode, the price for each reservation product is based on the real-time discounted price displayed on the SaleYee platform when the buyer submits the purchase order. If you choose the locking price reservation mode, the price for each reservation product is based on the price communicated and confirmed with the supplier at the time of submitting the reservation application. These prices do not include any costs beyond the product amount, such as taxes, value-added service fees, remote state shipping costs, and others.

If the buyer fails to purchase by the expiration of the reservation validity period, the buyer is liable for corresponding default responsibilities to the supplier.

4. The supplier unconditionally authorizes and entrusts the platform to collect the deposit on behalf of the buyer. If the buyercompletes or is able to complete the purchase of all reservation quantity products within the reservation validity period, the supplier will instruct the platform to refund the deposit to the buyer. Alternatively, when the buyer purchases the remaining reservation products, the deposit may be converted into a partial payment for the buyer's purchase of the remaining products.

5. If the buyerfails to purchase all reservation products within the reservation validity period and there is remaining reservation inventory upon the expiration of the validity period, the supplier has the right to independently handle the remaining inventory. Additionally, the buyer is obligated to pay the supplier a certain amount of reservation default penalty. The reservation default penalty is calculated based on the total price of the remaining inventory, and the calculation is determined by the corresponding reservation default penalty ratio as follows:

The total price of the products is calculated as the product price (excluding member discounts) displayed on the platform when the reservation application form becomes invalid, multiplied by the remaining quantity of reservation products.

The buyer agrees that the reservation default penalty should be deducted first from the deposit already paid. If the deposit is insufficient, the remaining amount will be deducted from the buyer's account balance on the platform or should be supplemented by the buyer within 7 days. If not supplemented by the due date, for each day of delay, the buyer shall pay an additional fee of 0.3% of the outstanding amount to the supplier.

Both the buyer and the supplier agree and acknowledge that the reservation default penalty should be paid by the buyer to the supplier, and the  platform is not obligated to advance the reservation default penalty. In the event of a delay or inability to pay by the buyer, the supplier cannot request the  platform to advance the payment. After deducting reservation default penalties, early termination fees, and other related costs, any remaining deposit (if applicable) will be refunded to the buyer's account on the platform.

6. Within the reservationvalidity period, the buyer is not allowed to terminate the reservation application form prematurely. If the buyer needs to terminate early, they must submit an application to the supplier and the platform, informing them of the corresponding quantity of inventory to be released. Simultaneously, the buyer should pay the supplier an early termination fee based on the following standard, with the calculation formula for the early termination fee as follows:

Early Termination Fee=Terminated quantity of reservation products*Product price (excluding member discounts)*Default penalty ratio*Termination coefficient

Specific termination penalty ratios are as follows:

Since the supplier agrees to the buyer's early termination of the reservation application form, the supplier has the right to independently handle the remaining reservation inventory. Additionally, the buyer is obligated to pay an early termination fee to the supplier. The buyer agrees that the early termination fee will be deducted first from the deposit already paid. If the deposit is insufficient, the remaining amount will be deducted from the buyer's account balance on the platform or should be supplemented by the buyer within 7 days. If not supplemented by the due date, for each day of delay, the buyer shall pay an additional fee of 0.3% of the outstanding amount to the supplier.

Both the buyer and the supplier agree and acknowledge that the early termination penalty should be paid by the buyer to the supplier, and the platform is not obligated to advance the early termination penalty. In the event of delay or inability to pay by the buyer, the supplier cannot request the platform to advance the payment. After deducting reservation default penalties, early termination fees, and other related costs, if there is any remaining deposit, it will be refunded to the buyer's account on the platform.

7. The supplier agrees that the buyer default penalty, early termination fee, and other fees collected on behalf of by the platform will be settled in accordance with the settlement period and method specified in the 'Supplier Service Agreement' signed between the supplier and the supplier platform.

8. During the reservation validity period, the supplier is obligated to reserve an ample inventory of reservation products for the buyer and ensure the authenticity and stability of the inventory of reservation products designated by the buyer to prevent stockouts when the buyer intends to purchase reservation products. The supplier is prohibited from relocating, reusing, adjusting, or handling in any way the products that have already been designated by the buyer. If the actual inventory of reservation products falls below the reservation inventory reserved by the buyer, resulting in a delayed shipment exceeding 7 natural days, the supplier must compensate the buyer with a payment equal to 50% of the  price (excluding member discounts) displayed for the out-of-stock items in the order. The supplier irrevocably authorizes and entrusts the platform to pay the out-of-stock compensation to the buyer on its behalf.

9. The buyerirrevocably authorizes and entrusts the platform to collect, on behalf of the supplier, the out-of-stock compensation payment. The supplier agrees that if there is an out-of-stock compensation, the platform has the right to deduct it first from the most recent settlement amount due to be paid to the supplier for the goods. If the deduction is insufficient, the supplier must supplement it within 7 working days after receiving notice from the platform. If not supplemented by the due date, for each day of delay, the supplier shall pay an additional fee of 0.3% to the buyer. The platform has the right to deduct the remaining out-of-stock compensation and overdue fees from any subsequent settlement amount with the supplier. The buyer and the supplier agree and acknowledge that the out-of-stock compensation should be paid by the supplier to the buyer, and the platform is not obligated to advance the out-of-stock compensation. In the event of a delay or inability to pay by the supplier, the buyer cannot request the platform to advance the payment.