Common use of PRC Taxes Clause in Contracts

PRC Taxes. Except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Final Prospectus, including the risk factor set forth in “Risk Factors— Under the EIT Law, we may be classified as a PRC “resident enterprise” for PRC enterprise income tax purposes. Such classification would likely result in unfavorable tax consequences to us and our non-PRC shareholders and have a material adverse effect on our results of operations and the value of your investment,” no transaction, stamp, capital or other issuance, registration, transaction, transfer or withholding taxes or duties are payable in the Cayman Islands, British Virgin Islands, or the PRC to any Cayman Islands, British Virgin Islands, or the PRC taxing authority in connection with (A) the issuance, sale and delivery of the Shares to or for the account of the purchasers, and (B) the purchase from the Company and the sale and delivery of the Shares to purchasers thereof.

PRC Taxes. Except as disclosed in the Registration Statement, the Pricing Disclosure Package Materials and the Final Prospectus, including the risk factor set forth in “Risk Factors— Under the EIT PRC Enterprise Income Tax Law, we may be classified as a PRC “resident enterprise” for PRC enterprise income tax purposes. Such classification would likely result in unfavorable tax consequences to us and our non-PRC shareholders and have a material adverse effect on our results of operations and the value of your investment,.” no transaction, stamp, capital or other issuance, registration, transaction, transfer or withholding taxes or duties are payable in the Cayman IslandsChina, Hong Kong, British Virgin Islands, Islands or the PRC Cayman Islands to any Cayman IslandsChinese, Hong Kong, British Virgin Islands, Islands or the PRC Cayman Islands taxing authority in connection with (A) the issuance, sale and delivery of the Shares Securities to or for the account of the purchasersUnderwriters, and (B) the purchase from the Company and the sale and delivery of the Shares Securities to purchasers thereofthe Underwriters.