Legal Establishment and Valid Existence. (1) The Company has all approvals and authorizations necessary for continuous operation of its current business; it has obtained all licenses, approvals, registrations, filings and/or qualifications necessary for its legal establishment and valid existence, and the licenses, approvals, registrations, filings and/or qualifications remain in effect; (2) The Company operates legally. There is no illegal act that is sufficient to cause it to be ordered to rectify business or to revoke its Certificate of Incorporation, cancelled or subjected to administrative penalties by any governmental authority.
Appears in 4 contracts
Samples: Subscription Agreement (Hainan Oriental Jiechuang Investment Partnership (Limited Partnership)), Subscription Agreement (Aesthetic Medical International Holdings Group LTD), Share Subscription Agreement (Hainan Runming Biotechnology Co., Ltd.)
