Common use of Accounting System and Internal Control System Clause in Contracts

Accounting System and Internal Control System. (a) The Target Company shall: (i) adopt the accrual accounting and double-entry bookkeeping rules commonly used internationally in accordance with the relevant laws and regulations of the PRC; (ii) submit the accounting system and procedures of the Target Company to the Board of Directors for approval; (iii) prepare complete, accurate and applicable financial and accounting books and records in accordance with the Accounting Standards for Business Enterprises; (iv) as a subsidiary of the Listed Company, prepare true, accurate and complete financial statements in accordance with the relevant laws and regulations of the PRC; (v) record and keep all accounting records, vouchers and books, and provide copies thereof to shareholders promptly upon request.

Accounting System and Internal Control System. (aA) The Target Company shall: (i) adopt the accrual accounting and double-entry bookkeeping rules commonly used internationally in accordance with the relevant laws and regulations of the PRC; (ii) submit the accounting system and procedures of the Target Company to the Board of Directors for approval; (iii) prepare complete, accurate and applicable financial and accounting books and records in accordance with the Accounting Standards for Business Enterprises; (iv) as a subsidiary of the Listed Company, prepare true, accurate and complete financial statements in accordance with the relevant laws and regulations of the PRC; (v) record and keep all accounting records, vouchers and books, and provide copies thereof to shareholders promptly upon request.