Qualified listing. The Parties shall do their utmost to urge the Target Company to complete the initial public offering of shares and be listed on the domestic stock exchange (hereinafter referred to as “eligible listing” or “IPO”) prior to December 31, 2022 (or other date consented by the Parties through consensus and written consent, hereinafter referred to as “expected completion date of listing”). With a view to complete the eligible listing of the Target Company, the Parties consent that the provisions of Article 8 EQUITY REPURCHASE of the Supplementary Agreement shall terminate automatically upon formal submission of IPO application materials to the securities regulatory authority or the stock exchange by the Target Company.
Qualified listing. The Parties shall do their utmost to urge the Target Company to complete the initial public offering of shares and be listed on the domestic stock exchange (hereinafter referred to as "eligible listing" or "IPO") prior to December 31, 2022 (or other date consented by the Parties through consensus and written consent, hereinafter referred to as “expected completion date of listing”). With a view to complete the eligible listing of the Target Company, the Parties consent to cooperate with the Target Company in taking or urging other parties to take all essential and appropriate actions, making or urging other parties to do all essential or appropriate behaviors and offer all corresponding assistance and cooperation, including, without limitation, the revision, alteration and termination of relevant clauses of the Supplementary Agreement, in line with the review requirements of the stock exchange, China Securities Regulatory Commission and other regulatory authorities.
Qualified listing. 17.1. The Shareholders shall, when the Company has reasonable cause to complete a Qualified Listing, use their respective best efforts to procure that the Company will complete a Qualified Listing.
17.2. For the purposes of this Agreement, a “Qualified Listing” refers to an initial public offering of the Company’s shares and/or securities on an internationally recognized stock exchange, including, but not limited to, NYSE, NASDAQ and the Hong Kong Stock Exchange (Main Board).
17.3. The Company shall use commercially reasonable efforts to consult with the Significant C-round Investors and those other C-round Investors with capital market expertise in any relevant markets which request such consultation with respect to any proposed Qualified Listing, including with respect to (i) the funding needs of the Company, (ii) the amount of proceeds to be raised in any proposed Qualified Listing and the proposed use of these proceeds, and (iii) the market conditions for conducting an equity offering of the Company and outlook for such conditions at such time.
17.4. The Company shall procure the listing of the Shares held by the Investors at the same time as the Qualified Listing and, if applicable, the Investors shall be given customary registration rights in relation to the Shares held by it to the extent such rights are required to enable the Investors’ Shares to be traded on the relevant securities or stock exchange.
17.5. The Company shall, in consultation with the Shareholders, procure the Group Companies’ shareholding structure be adjusted, if necessary, in accordance with the applicable Laws when the Company carries out the Qualified Listing and the relevant requirements of the stock or securities exchange where the Qualified Listing is proposed to take place, and in such manner that the rights of the Shareholders as stated in the Articles and this Agreement are not adversely affected.
17.6. The Parties agree that immediately prior to a Qualified Listing, all Class B Ordinary Shares and Class C Ordinary Shares shall be automatically converted into such number of Class A Ordinary Shares as determined as hereinafter provided as at the time of the conversion (the “Share Conversion Ratio”), and shall have all rights attached to Class A Ordinary Shares as stated in the Articles and this Agreement. As at the Closing Date, the Share Conversion Ratio for each Class B Ordinary Share and each Class C Ordinary Share shall be (in respect of each Class B Ordinary Share) on...
Qualified listing. The actual controller and the invested company promise that the invested company will complete the qualified listing before June 30,2022.
Qualified listing refers to the fact that the Company is listed on the stock exchange within the territory of China or abroad by means of the initial public offering or other methods.
Qualified listing. The investor agrees with the Company to carry out the qualified listing in a variety of ways conforming to Chinese laws. The “qualified listing” refers to the fact the Company is listed on the stock exchange within the territory of China or abroad by means of the initial public offering or other methods (including but not limited to back-door listing and participation in the nonpublic offering of the listed company by means of asset subscription), and the premise is that: (a) all the listing conditions specified by this stock exchange are met; (b) the share held by the investor of the Company may be registered as the negotiable share; (c) the valuation of the share held by the investor prior to the offering is higher than 5 × (1 + r) n000,000,000 Yuan (r = benchmark interest rate for bank loan during the same period on the signing date of the capital increase agreement; n = the number of years of shareholding prior to offering); and (d) the investor has accepted the location and other related conditions of the public offering. The valuation of the share held by the investor prior to the offering shall be the product of (x) the number of shares held by the investor close to and prior to the offering, multiplied by (y) the offering price per share. In the event that the Company seeks to be listed on the over-the-counter share trading market that is not the stock exchange, the investor has the right to determine whether such listing may be deemed that the Company has already achieved the equivalent share liquidity arrangement (the “standby liquidity arrangement”) with reference to the abovementioned circulation and valuation requirements about the qualified listing and the valuation and liquidity conditions of the comparable companies listed on the stock exchange during the same period..
Qualified listing. The Founders and the Company shall use their best efforts to accomplish a Qualified Listing within three (3) years following the date of this Agreement.
Qualified listing. 13.1 For the purposes of this Agreement, a “Qualified Listing” means an initial public offering of the Company’s shares and/or securities on (a) The New York Stock Exchange, the NASDAQ Global Select Market, the NASDAQ Global Market or the Hong Kong Stock Exchange (Main Board) (or any of their respective successors), or (b) only after prior consultation with the Significant C-Round Investors and those other Investors with capital market expertise in any relevant markets which request such consultation with respect to any proposed Qualified Listing, including with respect to (i) the funding needs of the Company, (ii) the amount of proceeds to be raised in any proposed Qualified Listing and the proposed use of these proceeds, and (iii) the market conditions for conducting an equity offering of the Company and outlook for such conditions at such time, any other internationally recognized stock exchange.
Qualified listing. The Parties agree that they will use every effort to promote the listing process of the Company. For the purpose of listing, at the request of the Company and on the premise of abiding by Laws of China, the Company and the existing Shareholders shall reform the Company into a company limited by shares and actively promote the listing of the Company. For the purpose of listing and without prejudice to the listing, the Company and existing Shareholders agree to use every effort to actively cooperate and provide necessary assistance, and under the guidance and with the suggestions of the listing intermediaries, ensure that the Company, Shareholders (including indirect shareholders) and other aspects meet the listing conditions provided by the government departments and relevant stock exchanges in China, including but not limited to conditions on: Equity adjustment: To reduce its shareholding ratio according to the fair market price recognized by the transferor and transferee, amend this Contract, the Articles of Association and handle relevant change registration according to the number of equity and timeline as planned in the equity adjustment plan approved by the internal authority of the Company and confirmed by AOS and [*]; Related party transactions: Shareholders shall adjust the proportion of related party transactions with the Company under the guidance and with suggestions of the Company’s listing intermediaries and the plan confirmed and agreed to by the Shareholders in writing that constitute related party transactions, so as to make it meet the relevant requirements of Qualified Listing. All Shareholders warrant that the Company has the ability to directly face the market for going concern independently, and that the Company meets the requirements of independence such as asset integrity, personnel independence, financial independence, institutional independence and business independence. Other matters that require the assistance of the Parties for Qualified Listing.
Qualified listing. 3.1 Party B shall complete the qualified listing on the main board of the Stock Exchange of Hong Kong Limited (hereinafter referred to as the “Stock Exchange”) within 18 months from the date of completion of this investment (Party B may extend it for 12 months with the consent of Party A). Qualified listing shall at least meet the following conditions:
(1) At the time of listing, the issue price per share shall not be less than (including) 1.15 times of the cost price per share of the listed subject held by Party A in the future (calculated according to the price at which Party A subscribes for Party B’s shares) (except that Party B issues shares less than 1.15 times with the consent of Party A);
(2) The shares of Party B held by Party A can be circulated after listing. If the relevant laws, administrative regulations, rules of the CSRC or the Listing Rules of the Stock Exchange stipulate the lock-up period or restricted period, it shall strive that the lock-up period is not applicable to Party A or the shortest lock-up period shall be applied.
