Terms of service

Grosplus Service Terms

Version Number: 2025 Edition 1

Last Revised Date: August 1, 2025

Welcome to Grosplus!

This "Grosplus Service Terms" Agreement (hereinafter referred to as the "Agreement") is jointly signed by "you" and "Shenzhen MIB International Trade Co., Ltd" (hereinafter referred to as "MIBTrade"). The terms and conditions set forth in this Agreement apply to your use of all services provided by Grosplus via the Internet, including through the Grosplus website, client, and other forms (including new service forms emerging from future technological developments). The specific content of the services and the legal relationship between "you" and "Grosplus" are governed by this Agreement. Please read it carefully. By completing the registration process, you are deemed to have agreed to this Agreement.

This Agreement is a revised version of the "Grosplus Service Terms". From the date of its issuance, all references to "Grosplus Service Terms" on the Grosplus platform shall refer to this Agreement.

1. Acceptance of the Agreement
   • The content of this Agreement includes the main text of the Agreement and all rules that Grosplus has published or may publish in the future and notified through reasonable means. All rules are an integral part of the Agreement and have the same legal effect as the main text.
   • You shall carefully read this Agreement before clicking to agree to it. Please be sure to read and fully understand the content of each clause, especially the clauses that exempt or limit liability, and the clauses on applicable law and dispute resolution. Clauses that exempt or limit liability will be marked with **bold underline**; you should pay special attention to these. If you have any questions about the Agreement, you may contact Grosplus customer service by emailing the Grosplus Service Center at sales@mibtrade.com.
   • When you fill in the information as prompted on the registration page, read and agree to this Agreement, and complete all registration procedures, or access the Grosplus platform and use its services in any way, you are deemed to have fully read, understood, and agreed to accept the terms and conditions of this Agreement. If you do not agree to this Agreement or any of its clauses during reading, you shall immediately stop the registration process and cease using the services.  
2. Definitions

2.1 Grosplus Platform: refers to the online information release and trading platform for business-to-business (B2B) trade operated by Grosplus, including the Grosplus website (with the domain name Grosplus.com, the same below) and client.

2.2 Grosplus: refers to "Shenzhen MIB International Trade Co., Ltd", the operator of the Grosplus Platform.

2.3 Grosplus Services: refers to all services provided by Grosplus to you via the Internet, including through the Grosplus website, client, and other forms (including new service forms emerging from future technological developments) (hereinafter referred to as "Services").

1. Scope of the Agreement

3.1 Signing Parties This Agreement is entered into jointly by you and Grosplus, and has equal contractual effect on both parties.

3.2 Supplementary Agreements Due to the rapid development of the Internet, the clauses listed in this Agreement signed by you and Grosplus cannot fully enumerate or cover all rights and obligations between you and Grosplus, and existing agreements cannot guarantee full compliance with future development needs. Therefore, Grosplus's legal statements and privacy policy are supplementary agreements to this Agreement, which are inseparable from this Agreement and have the same legal effect. Your use of Grosplus Services is deemed your acceptance of the above supplementary agreements.

1. Account Registration and Use

4.1 User Eligibility

4.1.1 You confirm that when you complete the registration process or actually use the Services in other ways permitted by Grosplus, you shall have the corresponding capacity for civil conduct as stipulated by the laws of the People's Republic of China. If you do not have the corresponding capacity for civil conduct, you and your guardian shall bear the corresponding consequences in accordance with the law, and Grosplus has the right to terminate the provision of Services to you and cancel your account. If you register on the Grosplus Platform on behalf of a company or other legal entity, you represent and warrant that you have the authority to bind such company or legal entity to this Agreement.

4.1.2 In addition, you must ensure that you are not subject to trade restrictions, sanctions, or other legal or regulatory restrictions imposed by any country, international organization, or region; otherwise, you may not be able to register or use the Services normally.

4.2 Account Registration

4.2.1 You shall be bound by this Agreement when you fill in the information as prompted on the registration page, read and agree to this Agreement, and complete all registration procedures; or fill in the information as prompted on the activation page, read and agree to this Agreement, and complete all activation procedures; or actually use Grosplus Services in other ways permitted by Grosplus. You may use the email address, mobile phone number, or other methods permitted by Grosplus that you provide or confirm as a login method to access the Grosplus Platform.

4.2.2 Since your account is linked to your information and the commercial information of the Grosplus Platform, your account is for your exclusive use only. Without the consent of Grosplus, any act of directly or indirectly authorizing a third party to use your account or obtain information under your account is invalid. If Grosplus determines, based on the usage behavior of your account, that the use of your account may endanger your account security and/or the information security of the Grosplus Platform, Grosplus may refuse to provide corresponding Services or terminate this Agreement.

4.3 Account Transfer Since user accounts are linked to user credit information, you may transfer your account only if explicitly provided by law, ordered by a judicial authority, or with the consent of Grosplus, and in accordance with the account transfer procedures specified in the Grosplus Platform rules. Once your account is transferred, all rights and obligations under the account shall be transferred simultaneously. Except for the above, your account shall not be transferred in any way; otherwise, Grosplus has the right to pursue your liability for breach of contract, and you shall bear all corresponding liabilities arising therefrom.

4.4 Inactive Account Recycling If your account meets the following conditions simultaneously, your login name may be canceled, you will no longer be able to log in to any Grosplus Platform, and all services of the Grosplus Platform will be terminated simultaneously: (1) Failure to pass real-name authentication in accordance with relevant national laws and regulations and Grosplus's requirements; (2) Having not logged in to the Grosplus Platform using your email address, mobile phone, or other methods and passwords recognized by Grosplus for 6 consecutive months, nor logged in to any other Grosplus Platform; (3) Having no valid unexpired services.

4.5 Management of Registration Information

4.5.1 When completing the registration or activation process, you shall provide and timely update your information accurately and completely as prompted on the corresponding page of the Grosplus Platform to ensure that it remains true, timely, complete, and accurate. Where national laws and regulations explicitly require Grosplus, as a platform service provider, to verify user information (such as sellers), Grosplus will check and verify your information from time to time in accordance with the law, and you shall cooperate by providing the latest, true, complete, and valid information.

4.5.2 If Grosplus fails to contact you using the last information you provided, you fail to provide information in a timely manner as required by Grosplus, the information you provide is obviously untrue, or administrative or judicial authorities verify that the information you provide is invalid, you shall bear all losses and adverse consequences caused to yourself, others, and Grosplus. Grosplus may send you an inquiry or rectification notice, require you to re-authenticate, and even suspend or terminate the provision of some or all Grosplus Services to you. Except as explicitly stipulated by law, Grosplus shall not be liable for this.

4.5.3 The account login name and nickname you set shall not violate the corresponding management regulations of national laws and regulations and the Grosplus Platform rules; otherwise, Grosplus may recover your login name and nickname and handle them in accordance with the Grosplus Platform rules.

4.6 Account Security

4.6.1 Your account is set and maintained by you, and Grosplus will never take the initiative to request your account password. Therefore, it is recommended that you properly keep your account and ensure that you log out and leave the Grosplus Platform in the correct manner at the end of each online session. Grosplus shall not be liable for losses and consequences caused by the active disclosure of your account or by attacks, fraud, or other acts against you; you shall pursue compensation from the infringer through judicial, administrative, or other remedies.

4.6.2 Except where Grosplus is at fault, you shall be responsible for all consequences of actions under your account (including but not limited to online signing of various agreements, releasing information, inquiring/quoting prices, purchasing products, ordering services, and disclosing information).

4.6.3 If you discover any unauthorized use of your account to log in to the Grosplus Platform or other situations that may lead to the theft or loss of your account, it is recommended that you immediately notify Grosplus and authorize Grosplus to synchronize such information to the Grosplus Platform. You understand that it takes a reasonable time for Grosplus to take action on any of your requests, and the actions taken by Grosplus at your request may not be able to avoid or prevent the formation or expansion of infringement consequences. Except where Grosplus has statutory fault, Grosplus shall not be liable.

1. Services and Specifications You are entitled to enjoy services such as store management, quotation, sales, and promotion of products and/or services, inquiry, purchase, and evaluation of products and/or services, and handling of transaction disputes on the Grosplus Platform. Grosplus provides a wide range of services; for details, you can log in to the Grosplus Platform to browse.

5.1 Inquiry, Purchase, and Evaluation of Products and/or Services

5.1.1 When you inquire about or purchase products and/or services on the Grosplus Platform, please carefully confirm important matters such as the product name, price, quantity, model, specification, size, or the time, content, and restrictive requirements of the service, and verify your contact address, phone number, consignee, and other information when placing an order. If the consignee you fill in is not yourself, you shall bear all legal consequences arising from the consignee's actions and statements.

5.1.2 You fully understand and agree that the Grosplus Platform is a commercial trade procurement platform, not a consumer purchasing market. Therefore, your inquiry and purchase behaviors shall be based on real trade needs, and you shall not engage in behaviors that disrupt the normal transaction order of the Grosplus Platform, such as malicious inquiry, purchase, or malicious rights protection regarding products and/or services. For the purpose of maintaining the transaction order and security of the Grosplus Platform, Grosplus may take the initiative to close relevant transaction orders when such situations are discovered.

5.1.3 You are entitled to evaluate the products and/or services of other users with whom you have completed transactions through the evaluation system provided by the Grosplus Platform. All your evaluation behaviors shall comply with the relevant provisions of the Grosplus Platform rules. The evaluation content shall be objective and true, and shall not contain any abusive language, pornographic or vulgar content, advertising information, or other prohibited information specified by laws, regulations, or this Agreement. You shall not help others improve their credit in improper ways or use the right to evaluate to threaten or extort other users. Grosplus may delete or block evaluation information resulting from such behaviors in accordance with the relevant provisions of the Grosplus Platform rules.

5.1.4 If the products and/or services you inquire about or purchase on the Grosplus Platform are for export:

5.1.4.1 You undertake to comply with all applicable laws and regulations related to import and export control, trade restrictions, and economic sanctions. If you violate this undertaking, Grosplus may stop providing relevant Services when such violation is discovered.

5.1.4.2 You must ensure that you are not subject to trade restrictions, economic sanctions, or other legal or regulatory restrictions imposed by any country, region, or international organization, and have not directly or indirectly provided funds, goods, or services to such subjects. Otherwise, you shall stop using the Services provided by Grosplus, and you understand that violating these requirements may result in your inability to register or use Grosplus Services normally.

5.1.5 For goods, services, software, and technologies obtained through the Grosplus Platform, you undertake to comply with all applicable laws and regulations related to import and export control, trade restrictions, and economic sanctions, including sanctions resolutions and laws and regulations formulated and implemented by the United Nations Security Council, China, the United States, and any other country. For the purpose of maintaining transaction order and security, if you violate this undertaking, Grosplus may terminate the Services, take the initiative to close relevant transaction orders, and dispose of your account when such violation is discovered.

1. Fees

6.1 Grosplus has incurred significant costs in providing Services to you on the Grosplus Platform. Except for explicitly charged services on the Grosplus Platform, the Services provided by Grosplus to you are currently free of charge. If Grosplus charges reasonable fees to you in the future, Grosplus will notify you through legal procedures and in the effective manner stipulated in this Agreement in advance to ensure that you have sufficient right to choose.

6.2 All taxes payable, as well as fees related to hardware, software, communication, network services, and other aspects incurred by you in conducting transactions, obtaining paid Services from Grosplus, or accessing Grosplus servers, shall be borne by you.

1. Limitation of Liability

7.1 Grosplus fulfills its basic guarantee obligations in accordance with the law, but shall not be liable for breach of contract in the following circumstances where obstacles, defects, delays, or changes in performance are caused by force majeure or other third-party factors:

(1) Force majeure factors such as natural disasters, strikes, riots, wars, government actions, and judicial or administrative orders;

(2) Public service factors such as power supply failures, communication network failures, or third-party factors;

(3) Factors such as routine or emergency equipment and system maintenance, equipment and system failures, network information and data security, etc., where Grosplus has exercised good faith management.

7.2 Grosplus only provides the Services stipulated in this Agreement. You understand that the information on the Grosplus Platform is released by users themselves and may contain risks and defects. Grosplus will strive to protect your legitimate rights and interests and good experience on the Grosplus Platform by establishing relevant inspection and monitoring systems in accordance with the law. At the same time, given that the Grosplus Platform contains massive amounts of information and the separation of information and physical objects in the information network environment, as an online trading platform, Grosplus cannot review the information of products and/or services one by one, nor can it review the quality, safety, legality, authenticity, or accuracy of products and/or services involved in transactions. Therefore, you should make careful judgments. If you discover harmful information or behaviors, please contact and complain to Grosplus in a timely manner, and Grosplus will handle such harmful information and behaviors.

7.3 You understand and agree that in dispute mediation services, the customer service of the Grosplus Platform is not a professional and can only judge the evidence submitted by users based on ordinary people's cognition. Grosplus does not guarantee that dispute mediation decisions will meet your expectations. Except as explicitly stipulated by law or in cases of intent or gross negligence, Grosplus shall not be liable for dispute mediation decisions.

1. Protection, Authorization of User Information, and Specifications for Information Release

8.1 Protection of Personal Information Grosplus attaches great importance to the protection of users' personal information (i.e., information that can identify a user independently or in combination with other information). When you use the Services provided by Grosplus, you agree that Grosplus will collect, store, use, disclose, and protect your personal information in accordance with the privacy policy published on the 1688 platform. Grosplus hopes to clearly inform you of how it processes your personal information through the privacy policy; therefore, Grosplus recommends that you read the privacy policy in full (by clicking the link at the bottom of the homepage of the Grosplus Platform) to help you better protect your right to privacy.

8.2 Specifications for Information Release and Authorization of Non-Personal Information

8.2.1 You must be responsible for all behaviors under your registered account, including any content you publish and any consequences arising therefrom, and bear all risks caused by the use of such content, including risks arising from reliance on the correctness, completeness, or usefulness of the content. When using the Services under this Agreement, you must comply with laws and regulations and shall not produce, copy, publish, disseminate, comment on information containing the following content or engage in related behaviors, nor provide convenience for such acts:

(1) Violating the prohibitive provisions of national laws and regulations;

(2) Endangering national security, leaking state secrets, subverting state power, or undermining national unity;

(3) Damaging national honor and interests;

(4) Inciting ethnic hatred, ethnic discrimination, or undermining ethnic unity;

(5) Violating national religious policies, promoting cults, or feudal superstitions;

(6) Spreading rumors, disrupting social order, or undermining social stability;

(7) Spreading obscenity, pornography, gambling, violence, terror, or instigating crimes;

(8) Fraudulent, false, inaccurate, or misleading;

(9) Infringing on others' intellectual property rights or involving third-party trade secrets or other proprietary rights;

(10) Insulting, slandering, threatening, involving others' privacy, or otherwise infringing on others' legitimate rights and interests;

(11) Containing viruses, Trojans, crawlers, or other malicious software or program codes that may damage, tamper with, delete, affect the normal operation of any system of the Grosplus Platform, or obtain data or personal information of the Grosplus Platform and other users without authorization;

(12) Violating the bottom lines of laws and regulations, the socialist system, national interests, citizens' legitimate rights and interests, social public order, moral norms, and information authenticity;

(13) Other content that is inconsistent with social public interests or morality, violates legal provisions, or is unsuitable for release on the Grosplus Platform in accordance with relevant Grosplus Platform agreements or rules.

8.2.2 You represent and warrant that you have the corresponding legal rights to the information you publish. Otherwise, Grosplus may delete or block the information you publish in accordance with the law or this Agreement.

8.2.3 For non-personal information such as text, pictures, videos, audio, etc. (excluding personal information) provided, published by you or generated during your use of Grosplus services, the transfer of rights such as intellectual property rights and portrait rights will not occur due to your uploading, publishing or other actions. Unless otherwise explicitly stated by Grosplus, within the scope permitted by law and the protection period specified by law, you grant Grosplus a free, non-exclusive, and worldwide license to use (including storing, using, copying, revising, editing, publishing, displaying, translating, distributing your non-personal information or creating derivative works thereof, and incorporating the above information into other works in known or future-developed forms, media or technologies, etc.), the right to sub-license to other third parties, as well as the right to collect evidence and file lawsuits against third-party infringements in its own name.

8.2.4 To facilitate your use of relevant services on the Grosplus platform, you authorize Grosplus to transfer the information you provided and generated during account registration and use of Grosplus services to other relevant service providers on the Grosplus platform, or to obtain the information you provided and generated during registration and use of relevant services from other relevant service providers on the Grosplus platform.

1. User's Breach of Contract and Handling

9.1 Identification of Breach of Contract Any of the following circumstances shall be deemed as your breach of contract:

(1) Violating relevant laws and regulations when using Grosplus services;

(2) Violating the provisions of this Agreement or its supplementary agreements. In order to adapt to the development of e-commerce and meet the needs of massive users for efficient and high-quality services, you understand and agree that Grosplus may stipulate the procedures and standards for identifying breaches of contract in the Grosplus platform rules. For example: Grosplus may determine whether you have committed a breach of contract based on the relationship between your user data and massive user data; you are obliged to fully provide evidence and make a reasonable explanation for any abnormal data phenomenon, otherwise, it will be deemed as a breach of contract.

9.2 Measures for Handling Breach of Contract

9.2.1 If the information you publish on the Grosplus platform constitutes a breach of contract, Grosplus has the right to make an independent judgment and, in accordance with the corresponding rules, immediately delete or block the relevant information, or remove, delete or supervise your products, and Grosplus has the right to suspend or terminate the provision of services under this Agreement depending on the specific circumstances.

9.2.2 If your actions on the Grosplus platform, or actions not taken on the Grosplus platform but affecting the Grosplus platform and its users, constitute a breach of contract, Grosplus may, in accordance with the corresponding rules, take measures such as deducting points from your account, restricting your participation in marketing activities, suspending the provision of some or all services to you, and deducting liquidated damages. If your actions constitute a fundamental breach of contract, Grosplus may close your account and terminate the provision of services to you.

9.2.3 Grosplus may publicly disclose information about the handling measures for your above-mentioned breaches of contract and other illegal information confirmed by effective legal documents of national administrative or judicial authorities on the Grosplus platform.

9.3 Liability for Compensation

9.3.1 If your actions cause losses to Grosplus, you shall assume compensation liability in accordance with this Agreement. The losses you need to compensate Grosplus for (if any) include:

(1) Reasonable attorney fees, litigation fees, and necessary expenses for eliminating adverse effects;

(2) Fines, liquidated damages or compensation paid to third parties due to administrative penalties, judicial judgments, mediation within the scope of statutory standards, etc.;

(3) Loss of goodwill and reasonable expected interest (such as loss of members, reduction in expenditures, decrease in consumption frequency, and reduction in income of store operators, etc.). The specific amount may be based on relevant estimation standards derived from independent and reasonable analysis by third parties, reasonable analysis by Grosplus based on big data, and other reasonable methods for calculating profits and losses;

(4) Other losses incurred as a result.

9.3.2 If your actions cause Grosplus to be claimed by a third party, Grosplus may, after assuming obligations such as monetary payment to the third party, recover all losses from you.

9.3.3 If Grosplus's breach of contract due to intent or gross negligence causes damage to your interests, Grosplus will compensate you based on your direct actual losses.

9.4 Special Provisions

9.4.1 If you provide physical objects, cash, cash equivalents, labor services, travel, or other benefits to employees or consultants of Grosplus, and the value of such benefits obviously exceeds the scope of normal business negotiations, it may be deemed as commercial bribery. In such cases, Grosplus may handle it in accordance with the Grosplus platform rules, terminate all cooperation with you after prior notice, and charge you liquidated damages and/or compensation, which shall be based on the economic losses and goodwill losses suffered by Grosplus due to your bribery.

9.4.2 If you cause Grosplus to terminate this Agreement due to serious breach of contract, for the purpose of maintaining platform order and protecting the legitimate rights and interests of other users, Grosplus may suspend or even terminate the cooperation with you under other agreements and notify you in the effective manner stipulated in this Agreement.

9.4.3 If the agreement signed between Grosplus and you explicitly stipulates that the cooperation under this Agreement shall be handled in a linked manner, Grosplus may, for the purpose of maintaining platform order and protecting the legitimate rights and interests of other users, suspend or even terminate the agreement upon receiving instructions and notify you in the effective manner stipulated in this Agreement.

1. Amendment of the Agreement

10.1 Grosplus may revise this Agreement and supplementary agreements from time to time in accordance with changes in national laws and regulations and the need to maintain market order and protect users' legitimate rights and interests. The revised Agreement and supplementary agreements (hereinafter referred to as "Amendment Items") will be notified to you through legal procedures and in the effective notification manner stipulated in this Agreement.

10.2 If you do not agree with the Amendment Items, you have the right to contact Grosplus to feedback your opinions before the effective date of the Amendment Items. If the feedback is adopted, Grosplus will adjust the Amendment Items as appropriate. If you still do not agree with the effective Amendment Items, you shall stop using Grosplus services from the effective date of the Amendment Items, and the Amendment Items shall not be binding on you; if you continue to use Grosplus services after the Amendment Items take effect, it shall be deemed that you agree to the effective Amendment Items.

1. Effective Notification

10.1 Effective Contact Methods When you register as a user of the Grosplus platform and accept Grosplus services, you shall provide Grosplus with true and effective contact methods (including your email address, phone number, contact address, etc.). If there is any change in your contact methods, you are obliged to update the relevant information in a timely manner and maintain a state of being effectively contactable. The member account (including sub-accounts) generated when you register as a user of the Grosplus platform, which is used to log in to the Grosplus platform to receive internal messages, system messages, and instant information from Grosplus, etc., shall also be regarded as your effective contact method. Grosplus will send various notifications to you through one or more of the above contact methods, and the content of such notifications may have a significant favorable or unfavorable impact on your rights and obligations. Please be sure to pay attention to them in a timely manner. You have the right to obtain commercial information such as product/service advertisements and promotional offers that you are interested in through the mobile phone number or email address you provided during registration; if you do not wish to receive such information, you have the right to unsubscribe through the corresponding unsubscribe function provided by Grosplus.

10.2 Delivery of Notifications

10.2.1 Grosplus sends notifications to you through the above contact methods. Among them, written notifications sent electronically, including but not limited to announcements on the Grosplus platform, SMS sent to the phone number you provided, emails sent to the email address you provided, and Grosplus information, system messages, and internal messages sent to your account, shall be deemed as delivered upon successful sending; written notifications sent in paper form shall be deemed as delivered on the fifth natural day after being posted to the provided contact address.

10.2.2 For any disputes arising from transaction activities on the Grosplus platform, you agree that judicial authorities (including but not limited to people's courts) may deliver legal documents (including but not limited to litigation documents) to you through modern communication methods such as SMS, email, or Grosplus, or by mail. The mobile phone number, email address, or Grosplus account, etc., designated by you to receive legal documents are the mobile phone number, email address provided by you during registration and update on the Grosplus platform, and the Grosplus account generated when you register as a Grosplus user. The delivery of legal documents by judicial authorities to the above contact methods shall be deemed as delivered. The mailing address designated by you is your legal contact address or the effective contact address provided by you. You agree that judicial authorities may use one or more of the above delivery methods to deliver legal documents to you. If judicial authorities use multiple methods to deliver legal documents to you, the delivery time shall be based on the earliest delivery among the above methods. You agree that the above delivery methods apply to all stages of judicial procedures, including but not limited to first instance, second instance, retrial, execution, and supervision procedures, etc. You shall ensure that the provided contact methods are accurate and effective and update them in real-time. If legal documents cannot be delivered or are not delivered in a timely manner due to inaccurate contact methods provided or failure to timely inform of changed contact methods, you shall bear the possible legal consequences arising therefrom.

1. Termination of the Agreement

11.1 Circumstances for Termination of the Agreement

11.1.1 You have the right to terminate this Agreement through any of the following methods:

(1) Canceling your account through the website's self-service when the account cancellation conditions required by the Grosplus platform are met;

(2) Stopping using Grosplus services and explicitly expressing your unwillingness to accept the Amendment Items before the Amendment Items take effect;

(3) Explicitly expressing your unwillingness to continue using Grosplus services and meeting the termination conditions required by the Grosplus platform.

11.1.2 Grosplus may notify you to terminate this Agreement in the effective manner stipulated in this Agreement under the following circumstances:

(1) Your real-name authenticated identity is invalid, no longer legally existing, or cannot be effectively verified;

(2) You violate the provisions of this Agreement, and Grosplus terminates this Agreement in accordance with the breach clauses;

(3) You have stolen others' accounts, published prohibited information, committed fraud, sold counterfeit goods, disrupted market order, obtained profits through improper means, etc., and Grosplus closes your account in accordance with the Grosplus platform rules;

(4) In addition to the above circumstances, you have repeatedly violated the relevant provisions of the Grosplus platform rules with serious circumstances, and Grosplus closes your account in accordance with the Grosplus platform rules;

(5) Your account is recovered by Grosplus in accordance with this Agreement;

(6) You have committed fraud, published or sold counterfeit/infringing products, infringed upon others' legitimate rights and interests, or other serious illegal or breach of contract acts on the Grosplus platform;

(7) Grosplus has reasonable grounds to believe that your actions may cause serious harm or legal liability to you, users of the Grosplus platform, or other relevant parties;

(8) Other circumstances that warrant termination of services.

11.2 Handling after Termination of the Agreement

11.2.1 After the termination of this Agreement, unless otherwise explicitly stipulated by law, Grosplus has no obligation to disclose any information in your account to you or a third party designated by you.

11.2.2 After the termination of this Agreement, Grosplus still enjoys the following rights:

(1) Continue to store various types of information listed in Article 8 of this Agreement that you have retained on the Grosplus platform;

(2) Pursue your liability for breach of contract in accordance with this Agreement for your past breaches of contract.

11.2.3 After the termination of this Agreement, for transaction orders generated during the term of this Agreement, Grosplus may notify the counterparty to the transaction and decide whether to close such transaction orders based on the counterparty's wishes; if the counterparty requests to continue performing, you shall continue to perform the provisions of this Agreement and the transaction orders for such transaction orders and bear any losses or additional expenses incurred thereby.

1. Applicable Law, Jurisdiction and Others

12.1 The validity, interpretation, amendment, execution, and dispute resolution of this Agreement shall be governed by the laws of the People's Republic of China; if there are no relevant legal provisions, commercial practices and/or industry practices shall be referred to.

12.2 You and Grosplus are only independent contracting parties. This Agreement is not intended to form or create any agency, partnership, joint venture, employment, or authorized relationship.

12.3 Unless otherwise agreed by both parties, you agree that Grosplus has the right to transfer all or part of the rights and obligations under this Agreement due to business needs, and shall notify you in advance through legal procedures and in the effective manner stipulated in this Agreement.

12.4 Any dispute arising from or in connection with this Agreement or Grosplus services shall be resolved through negotiation between Grosplus and you. If the negotiation fails, either party may file a lawsuit with the people's court at the defendant's domicile.

12.5 If any clause of this Agreement is ruled invalid or unenforceable, such clause shall be revoked, and the remaining clauses shall be observed and implemented. The headings of the clauses are for convenience of reference only and do not define, limit, interpret, or describe the scope or limits of the clauses in any way. Grosplus's failure to take action against any breach of contract by you or others does not mean that Grosplus waives the right to take action against any subsequent or similar breaches.

12.6 Both you and Grosplus shall strictly comply with the relevant laws and regulations such as the Anti-Monopoly Law and the Anti-Unfair Competition Law, and participate in market competition and maintain market competition order based on the principles of voluntariness, equality, fairness, and good faith. If you discover any act of Grosplus employees that is suspected of violating the Anti-Monopoly Law or the Anti-Unfair Competition Law, you may report the issue through Grosplus's supervision email [sales@mibtrade.com], and Grosplus will conduct investigations and handling in accordance with the principles of confidentiality and objectivity.