Common use of Payments in Foreign Currency Clause in Contracts

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, under current laws and regulations of the Cayman Islands, Hong Kong and the PRC and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares may be paid by the Company to the holder thereof in United States dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands, Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administration, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Hong Kong or the PRC will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, Hong Kong and the 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 Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, (i) under current laws and regulations of the Cayman Islands, Islands and Hong Kong and the PRC and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares may be paid by the Company to the holder thereof in United States dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands, Islands and Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Islands and Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administration, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Islands or Hong Kong or the PRC will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, Islands and Hong Kong and the 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 Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, Islands and Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, and (ii) all dividends and other distributions out of accumulated profits determined in accordance with PRC accounting standards and regulations, declared and payable on the share capital of the Controlled Entities that are organized or resident in the PRC may under the current laws and regulations of the PRC be converted into foreign currency (including United States dollars) and may be freely transferred out of the PRC in any currency, provided that the payment and the remittance of such dividends and other distributions outside of the PRC complies with the procedures required by the relevant laws and regulations of the PRC relating to foreign exchange, and such dividends and other distributions are not subject to any taxes under the laws and regulations of the PRC.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, under current laws and regulations of the Cayman Islands, the PRC, Hong Kong and the PRC Taiwan and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares Securities may be paid by the Company to the holder thereof in United States dollars or any other currency that may be converted into foreign currency United States dollars and freely transferred out of the Cayman Islands, Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administration, Taiwan and all such payments made to holders thereof or therein who are non-residents of the Cayman IslandsXxxxxx Xxxxxxx, Hong Kong or the PRC xxx XXX, Xxxx Xxxx and Taiwan will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, the PRC, Hong Kong and the PRC Taiwan 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 Cayman Islands Islands, the PRC, Hong Kong and Taiwan or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, the PRC, Hong Kong and the PRC Taiwan or any political subdivision or taxing authority thereof or therein. (xli) Taxes. The Company and its Subsidiaries have filed all tax returns that are required to be filed or have requested extensions thereof (except in any case in which the failure so to file would not have a Material Adverse Effect); and the Company and its Subsidiaries have paid all taxes (including any assessments, fines or penalties) required to be paid by them, to the extent that such taxes (including any assessments, fines or penalties) are due and payable, except for any such taxes (including assessments, fines or penalties) that are currently being contested in good faith or as would not have a Material Adverse Effect. All local and national PRC governmental tax holidays, exemptions, waivers, financial subsidies, and other local and national PRC tax relief, concessions and preferential treatment enjoyed by the Company or any Subsidiary (including any predecessor) as described in the Registration Statement, General Disclosure Package and Final Prospectus are valid, binding and enforceable and do not violate any laws, regulations, rules, orders, decrees, guidelines, judicial interpretations, notices or other legislation of the PRC.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, (i) under current laws and regulations of the Cayman Islands, Islands and Hong Kong and the PRC and or any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares Securities may be paid by the Company to the holder thereof in United States dollars that may be converted into foreign currency and may be freely transferred out of the Cayman Islands, Islands and Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administrationKong, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Islands or Hong Kong or the PRC will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, Islands and Hong Kong and the 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 Cayman Islands and Hong Kong or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, Islands and Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, and (ii) except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, all dividends and other distributions out of accumulated profits determined in accordance with PRC accounting standards and regulations, declared and payable on the share capital of the Controlled Entities that are organized or resident in the PRC may under the current laws and regulations of the PRC be converted into foreign currency (including United States dollars) and may be freely transferred out of the PRC in any currency, provided that the payment and the remittance of such dividends and other distributions outside of the PRC complies with the procedures required by the relevant laws and regulations of the PRC relating to foreign exchange, and such dividends and other distributions are not subject to any taxes under the laws and regulations of the PRC.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, under current laws and regulations of the PRC or the Cayman Islands, Hong Kong and the PRC and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares Securities may be paid by the Company to the holder thereof in United States dollars or any other currency that may be converted into foreign currency United States dollars and freely transferred out of the Cayman Islands, Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in PRC or the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administration, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Hong Kong PRC or the PRC Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of the PRC or the Cayman Islands, Hong Kong and the PRC Islands 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 PRC or the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the PRC or the Cayman Islands, Hong Kong and the PRC Islands or any political subdivision or taxing authority thereof or therein. Except as disclosed in the General Disclosure Package and the Final Prospectus, under current PRC laws and regulations, all dividends and other distributions declared and payable on any equity security of any Subsidiary or Consolidated Affiliated Entity may be paid, directly or indirectly, to the Company in United States dollars or any other currency that may be converted into United States dollars and freely transferred out of the PRC, and all such payments made to the Company will not be subject to income, withholding or other taxes under laws and regulations of the PRC or any taxing authority thereof and will otherwise be free and clear of any other tax, duty, withholding or deduction in the PRC or any taxing authority thereof and without the necessity of obtaining any governmental authorization in the PRC or any taxing authority thereof.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, under current laws and regulations of the Cayman Islands, Hong Kong Islands and the PRC Malaysia and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares Securities may be paid by the Company to the holder thereof in United States dollars or any other currency that may be converted into foreign currency United States dollars and freely transferred out of the Cayman Islands, Hong Kong Islands and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administration, Malaysia and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Hong Kong or the PRC and Malaysia will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, Hong Kong Islands and the PRC Malaysia 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 Cayman Islands and Malaysia or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong Islands and the PRC Malaysia or any political subdivision or taxing authority thereof or therein. (xli) Taxes. The Company and the Subsidiaries have filed all tax returns that are required to be filed or have requested extensions thereof; and the Company and the Subsidiaries have paid all taxes (including any assessments, fines or penalties) required to be paid by them to the extent that any such taxes, assessments, fines and penalties are due and payable, except where the failure to pay such taxes, assessments, fines and penalties would not result, individually or in the aggregate, in a Material Adverse Effect. All state, federal, local and national governmental tax holidays, exemptions, waivers, financial subsidies, and other tax relief, concessions and preferential treatment enjoyed by the Company or any Subsidiary (including any predecessor) as described in the Registration Statement, General Disclosure Package and Final Prospectus are valid, binding and enforceable and do not violate any applicable laws, regulations, rules, orders, decrees, guidelines, judicial interpretations, notices or other legislation.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, under current laws and regulations of the Cayman Islands, Hong Kong and the PRC and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares may be paid by the Company to the holder thereof in United States dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands, Islands and Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administrationKong, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Islands or Hong Kong or the PRC will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, Hong Kong and the 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 Cayman Islands Islands, Hong Kong or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, and (ii) all dividends and other distributions out of accumulated profits determined in accordance with PRC accounting standards and regulations, declared and payable on the share capital of the Subsidiaries that are organized or resident in the PRC may under the current laws and regulations of the PRC be converted into foreign currency (including United States dollars) and may be freely transferred out of the PRC in any currency, provided that the payment and the remittance of such dividends and other distributions outside of the PRC complies with the procedures required by the relevant laws and regulations of the PRC relating to foreign exchange, and such dividends and other distributions are not subject to any taxes under the laws and regulations of the PRC.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, under current laws and regulations of the Cayman Islands, Hong Kong and the PRC and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares may be paid by the Company to the holder thereof in United States dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands, Islands and Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administrationKong, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Islands or Hong Kong or the PRC will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, Islands and Hong Kong and the 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 Cayman Islands Islands, Hong Kong or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, and (ii) provided that the Company’s shareholders or beneficial owners who are PRC residents comply with the Circular on Foreign Exchange Administration Involved in Overseas Investment, Financing and Roundtrip Investment Conducted by PRC Residents via Offshore Special Purpose Vehicles issued on July 4, 2014 by the SAFE, all dividends and other distributions out of accumulated profits determined in accordance with PRC accounting standards and regulations, lawfully declared and payable on the share capital of the Controlled Entities that are organized or resident in the PRC may under the current laws and regulations of the PRC be converted into foreign currency (including United States dollars) and may be freely transferred out of the PRC in any currency, provided that the payment and the remittance of such dividends and other distributions outside of the PRC complies with the procedures required by the relevant laws and regulations of the PRC relating to foreign exchange, and such dividends and other distributions are not subject to any taxes under the laws and regulations of the PRC.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, (i) under current laws and regulations of the Cayman Islands, Hong Kong and the PRC and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares may be paid by the Company to the holder thereof in United States dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands, Islands and Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administrationKong, and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Islands or Hong Kong or the PRC will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, Hong Kong and the 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 Cayman Islands Islands, Hong Kong or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, and (ii) all dividends and other distributions out of accumulated profits determined in accordance with PRC accounting standards and regulations, declared and payable on the share capital of the Controlled Entities that are organized or resident in the PRC may under the current laws and regulations of the PRC be converted into foreign currency (including United States dollars) and may be freely transferred out of the PRC in any currency, provided that the payment and the remittance of such dividends and other distributions outside of the PRC complies with the procedures required by the relevant laws and regulations of the PRC relating to foreign exchange, and such dividends and other distributions are not subject to any taxes under the laws and regulations of the PRC.

Payments in Foreign Currency. Except as disclosed in the Registration Statement, the General Disclosure Package and the Final Prospectus, (i) under current laws and regulations of the Cayman Islands, Hong Kong and the PRC Islands and any political subdivision thereof, all dividends and other distributions declared and payable on the Offered Shares may be paid by the Company to the holder thereof in United States dollars that may be converted into foreign currency and freely transferred out of the Cayman Islands, Hong Kong and the PRC, without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC or any political subdivision or taxing authority thereof or therein, provided that the remittance of such dividends out of the PRC complies with the procedures required by the relevant PRC Laws relating to foreign exchange administration, Islands and all such payments made to holders thereof or therein who are non-residents of the Cayman Islands, Hong Kong or the PRC Islands will not be subject to income, withholding or other taxes under laws and regulations of the Cayman Islands, Hong Kong and the PRC Islands 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 Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in the Cayman Islands, Hong Kong and the PRC Islands or any political subdivision or taxing authority thereof or therein, and (ii) all dividends and other distributions out of accumulated profits determined in accordance with PRC accounting standards and regulations, declared and payable on the share capital of the Controlled Entities that are organized or resident in the PRC may under the current laws and regulations of the PRC be converted into foreign currency (including United States dollars) and may be freely transferred out of the PRC in any currency, provided that the payment and the remittance of such dividends and other distributions outside of the PRC complies with the procedures required by the relevant laws and regulations of the PRC relating to foreign exchange, and such dividends and other distributions are not subject to any taxes under the laws and regulations of the PRC.