Common use of Content of Entrusted Operation Clause in Contracts

Content of Entrusted Operation. As of the day when this Agreement comes into effect, Party B shall be in charge of all aspects of party A’s operations. The contents of the entrusted operation shall include but not limited tomajor decision right management, capital management, financial management,assets management, human resource management, daily operation management and technical support. For Party B’s operation decision for the operation management of Party A,Party A shall unconditionally provide necessary assistance. 1.4.1 Major Decision Right Management Page3 / 19 (1) Pursuant to Power of Attorney issued by the shareholders of Party A on the same dayas this Agreement (“Power of Attorney”), Party B shall have the right to participate inthe shareholder’s meeting of Party A, vote on the matters proposed at the meeting,suggest the holding of temporary shareholders’ meeting as the agent of theshareholders of Party A, and have other shareholders’ voting rights as stipulated inthe Articles of Association of Party A and the Companies Law of the PXX.Xxxxx B shall also have the right to make the following major decisions: a) to decide the operation plan and investment scheme for Party A; b) to discuss and approve the reports of the Executive Director and the supervisor; c) to discuss and approve the annual financial budget and settlement plan; d) to discuss approve the profit distribution plan and the loss compensation plan; e) within the authorization of the shareholder’s meeting, to decide suchmatters of Party A as investment, assets purchase or sale, assetsmortgage, external guarantee, assets management and related partytransaction; f) to resolve on the increase or decrease of the registered capital; g) to resolve on the issuance of the corporate bond; h) to resolve on the matters including merger, division, change of corporate form, dissolution and liquidation of the company; i) to amend the articles of association; j) to retain or replace the Certified Public Accounting (“CPA”) firm providingauditing service for Party A. (2) Party B shall have the right to designate candidatesof theexecutive director and supervisorof Party A. (3) Party B shall have the right to prepare the scheme to purchase or repurchase theshares of Party A, the scheme of reorganization and the scheme to gopublic for Party A; Party A should make sure that the shareholders of Party A shallagree such schemes and go through the necessary legal procedures to complete saidschemes.

Content of Entrusted Operation. As of the day when this Agreement comes into effect, Party B shall be in charge of all aspects of party A’s operations. The contents of the entrusted operation shall include but not limited tomajor to major decision right management, capital management, financial management,, assets management, human resource management, daily operation management and technical support. For Party B’s operation decision for the operation management of Party A,, Party A shall unconditionally provide necessary assistance. 1.4.1 Major Decision Right Management Page3 / 19Management (1) Pursuant to Power of Attorney issued by the shareholders of Party A on the same dayas day as this Agreement (“Power of Attorney”), Party B shall have the right to participate inthe in the shareholder’s meeting of Party A, vote on the matters proposed at the meeting,, suggest the holding of temporary shareholders’ meeting as the agent of theshareholders the shareholders of Party A, and have other shareholders’ voting rights as stipulated inthe in the Articles of Association of Party A and the Companies Law of the PXX.Xxxxx PRC. Party B shall also have the right to make the following major decisions: a) to decide the operation plan and investment scheme for Party A; b) to discuss and approve the reports of the Executive Director Board of Directors and the supervisor; c) to discuss and approve the annual financial budget and settlement plan; d) to discuss approve the profit distribution plan and the loss compensation plan; e) within the authorization of the shareholder’s meeting, to decide suchmatters such matters of Party A as investment, assets purchase or sale, assetsmortgageassets mortgage, external guarantee, assets management and related partytransactionparty transaction; f) to resolve on the increase or decrease of the registered capital; g) to resolve on the issuance of the corporate bond; h) to resolve on the matters including merger, division, change of corporate form, dissolution and liquidation of the company; ; i) to amend the articles of association; ; j) to retain or replace the Certified Public Accounting (“CPA”) firm providingauditing providing auditing service for Party A. (2) Party B shall have the right to designate candidatesof theexecutive director candidates of the directors and supervisorof supervisor of Party A. (3) Party B shall have the right to prepare the scheme to purchase or repurchase theshares the shares of Party A, the scheme of reorganization and the scheme to gopublic go public for Party A; Party A should make sure that the shareholders of Party A shallagree shall agree such schemes and go through the necessary legal procedures to complete saidschemessaid schemes.

Content of Entrusted Operation. As of the day when this Agreement comes into effect, Party B shall be in charge of all aspects of party A’s operations. The contents of the entrusted operation shall include but not limited tomajor to major decision right management, capital management, financial management,, assets management, human resource management, daily operation management and technical support. For Party B’s operation decision for the operation management of Party A,, Party A shall unconditionally provide necessary assistance. 1.4.1 Major Decision Right Management Page3 / 19Management (1) Pursuant to Power of Attorney issued by the shareholders of Party A on the same dayas day as this Agreement (“Power of Attorney”), Party B shall have the right to participate inthe in the shareholder’s meeting of Party A, vote on the matters proposed at the meeting,, suggest the holding of temporary shareholders’ meeting as the agent of theshareholders the shareholders of Party A, and have other shareholders’ voting rights as stipulated inthe in the Articles of Association of Party A and the Companies Law of the PXX.Xxxxx PRC. Party B shall also have the right to make the following major decisions: a) to decide the operation plan and investment scheme for Party A; b) to discuss and approve the reports of the Executive Director and the supervisor; c) to discuss and approve the annual financial budget and settlement plan; d) to discuss approve the profit distribution plan and the loss compensation plan; e) within the authorization of the shareholder’s meeting, to decide suchmatters such matters of Party A as investment, assets purchase or sale, assetsmortgageassets mortgage, external guarantee, assets management and related partytransactionparty transaction; f) to resolve on the increase or decrease of the registered capital; g) to resolve on the issuance of the corporate bond; h) to resolve on the matters including merger, division, change of corporate form, dissolution and liquidation of the company; ; i) to amend the articles of association; ; j) to retain or replace the Certified Public Accounting (“CPA”) firm providingauditing providing auditing service for Party A. (2) Party B shall have the right to designate candidatesof theexecutive candidates of the executive director and supervisorof supervisor of Party A. (3) Party B shall have the right to prepare the scheme to purchase or repurchase theshares the shares of Party A, the scheme of reorganization and the scheme to gopublic go public for Party A; Party A should make sure that the shareholders of Party A shallagree shall agree such schemes and go through the necessary legal procedures to complete saidschemessaid schemes.

Content of Entrusted Operation. As of the day when this Agreement comes into effect, Party B shall be in charge of all aspects of party A’s operations. The contents of the entrusted operation shall include but not limited tomajor decision right management, capital management, financial management,assets management, human resource management, daily operation management and technical support. For Party B’s operation decision for the operation management of Party A,Party A shall unconditionally provide necessary assistance. 1.4.1 Major Decision Right Management Page3 / 1920 (1) Pursuant to Power of Attorney issued by the shareholders of Party A on the same dayas this Agreement (“Power of Attorney”), Party B shall have the right to participate inthe shareholder’s meeting of Party A, vote on the matters proposed at the meeting,suggest the holding of temporary shareholders’ meeting as the agent of theshareholders of Party A, and have other shareholders’ voting rights as stipulated inthe Articles of Association of Party A and the Companies Law of the PXX.Xxxxx B shall also have the right to make the following major decisions: a) to decide the operation plan and investment scheme for Party A; b) to discuss and approve the reports of the Executive Director and the supervisor; c) to discuss and approve the annual financial budget and settlement plan; d) to discuss approve the profit distribution plan and the loss compensation plan; e) within the authorization of the shareholder’s meeting, to decide suchmatters of Party A as investment, assets purchase or sale, assetsmortgage, external guarantee, assets management and related partytransaction; f) to resolve on the increase or decrease of the registered capital; g) to resolve on the issuance of the corporate bond; h) to resolve on the matters including merger, division, change of corporate form, dissolution and liquidation of the company; i) to amend the articles of association; j) to retain or replace the Certified Public Accounting (“CPA”) firm providingauditing service for Party A. (2) Party B shall have the right to designate candidatesof theexecutive director and supervisorof Party A. (3) Party B shall have the right to prepare the scheme to purchase or repurchase theshares of Party A, the scheme of reorganization and the scheme to gopublic for Party A; Party A should make sure that the shareholders of Party A shallagree such schemes and go through the necessary legal procedures to complete saidschemes.