Common use of Free Transferability of Dividends or Distributions Clause in Contracts

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all dividends and other distributions declared and payable on the ordinary shares may under current BVI and Hong Kong law and regulations be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of BVI and Hong Kong in accordance with, and all such payments made to holders thereof or therein who are non-residents of BVI or Hong Kong, will not be subject to income, withholding or other taxes under, the laws and regulations of BVI and Hong Kong, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the BVI and Hong Kong or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in BVI and Hong Kong or any political subdivision or taxing authority thereof or therein.

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus Prospectus, all dividends and other distributions declared and payable on the ordinary shares Ordinary Shares may under current BVI and Hong Kong law laws and regulations be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of BVI and Hong Kong in accordance with, and all such payments made to holders thereof or therein who are non-residents of BVI or Hong Kong, will not be subject to income, withholding or other taxes under, the laws and regulations of BVI and or Hong Kong, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the BVI and or Hong Kong or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in BVI and or Hong Kong or any political subdivision or taxing authority thereof or therein.

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement Statement, and Prospectus Prospectus, all dividends and other distributions declared and payable on the ordinary shares Shares may under current BVI Hong Kong, and Hong Kong PRC law and regulations be paid by the Company to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of BVI and Hong Kong and the PRC in accordance with, and all such payments made to holders thereof or therein who are non-residents of BVI Hong Kong or Hong Kongthe PRC, will not be subject to income, withholding or other taxes under, the laws and regulations of BVI Hong Kong and Hong Kongthe PRC, or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the BVI and Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in BVI and Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein.

Free Transferability of Dividends or Distributions. Except as disclosed in the Disclosure Materials, Registration Statement and Prospectus all All dividends and other distributions declared and payable on the ordinary shares Shares may under current laws and regulations of BVI and Hong Kong law and regulations be paid to the holders of Securities in United States dollars and may be converted into foreign currency that may be transferred out of BVI and Hong Kong in accordance with, and all such payments made to holders thereof or therein who are non-residents of BVI or Hong Kong, Kong will not be subject to income, withholding or other taxes under, the laws and regulations of BVI and or Hong Kong, or any political subdivision or taxing taxation authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in the BVI and or Hong Kong or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in BVI and or Hong Kong or any political subdivision or taxing authority thereof or therein.