Common use of Business of the Group Companies Clause in Contracts

Business of the Group Companies. Except as otherwise approved by the Board and the shareholders of the Company in accordance with the Amended M&AA, (i) the business of the Company shall be restricted to the holding, management and disposition of Equity Securities in the Cayman Holdco I and Cayman Holdco II, (ii) the business of the Cayman Holdco I shall be restricted to the holding, management and disposition of Equity Securities in the HK Holdco I and HK Holdco III, (iii) the business of the Cayman Holdco II shall be restricted to the holding, management and disposition of Equity Securities in the HK Holdco II, (iv) the business of the HK Holdco I shall be restricted to the holding, management and disposition of Equity Securities in the WFOE I, (v) the business of the HK Holdco II shall be restricted to the holding, management and disposition of Equity Securities in the WFOE II, (vi) the business of the HK Holdco III shall be restricted to the holding, management and disposition of Equity Securities in the WFOE III and WFOE IV; (vii) the business of each Founder Holding Company shall be restricted to the holding, management and disposition of Equity Securities in the Company, (viii) the business of each Domestic Company shall be restricted to the Principal Business, and (vix) the business of each WFOE shall be in line with the business scope as indicated in its business license.