Core Viewpoint - The company, Spire Systems (08319), announced that its wholly-owned subsidiary, Spire Systems Limited (ESL), submitted a bid for software licenses and services to a client, based on a quotation from a software product supplier [1] Group 1: Bid Submission and Agreement - ESL submitted a bid on October 24, 2022, for several software licenses and services [1] - The bid was based on a quotation from a software supplier, which is prepared to provide software products under a licensing plan from March 2023 to March 2026, followed by a second term from March 2026 to March 2028 [1] Group 2: Service Agreement and Termination - ESL was awarded a service agreement by the client, allowing ESL to provide software products under the licensing plan [1] - The supplier informed ESL that it would cease to provide software products under the licensing plan starting March 2026, affecting ESL's ability to fulfill the service agreement during the second term [1] Group 3: Negotiations and Cost Estimates - ESL is negotiating with the client to terminate the service agreement after the first term and provide an alternative solution [1] - The estimated total cost for terminating the service agreement and providing alternative software products is between 4 million HKD and 8 million HKD [1] - As of the announcement date, ESL has not entered into any binding agreements with the client regarding the termination or alternative solutions [1]
思博系统(08319)：终止服务协议