Common use of Subsidiaries; Group Structure Clause in Contracts

Subsidiaries; Group Structure. (a) The Company legally owns any and all of the outstanding Equity Securities in the HK Subsidiary. Except as disclosed in Section 4.3 of the Disclosure Schedule, The Company does not have any Subsidiary, or hold or Control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, or maintain any offices or branches. (b) The HK Subsidiary legally owns any and all of the outstanding Equity Securities in the WFOEs. Except as disclosed in Section 4.3 of the Disclosure Schedule, the HK Subsidiary does not have any Subsidiary, or hold or Control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, or maintain any offices or branches. (c) Except as disclosed in Section 4.3 of the Disclosure Schedule, the WFOEs do not have any Subsidiary, or hold or Control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, or maintain any offices or branches. (d) All equity interests in Domestic Company I and Domestic Company II have been duly pledged to WFOE I in accordance with PRC Laws, and such equity pledges have been registered with the competent Governmental Authorities. (e) Except as disclosed in Section 4.3 of the Disclosure Schedule, the Domestic Companies do not have any Subsidiary, or hold or Control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, or maintain any offices or branches.

Subsidiaries; Group Structure. (a) The Company legally owns any and all of the outstanding Equity Securities in the HK Subsidiary. Except as disclosed in Section 4.3 of the Disclosure Schedule, The the Company does not have any Subsidiary, or hold or Control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, or maintain any offices or branches. (b) The HK Subsidiary legally owns any and all of the outstanding Equity Securities in the WFOEs. Except as disclosed in Section 4.3 of the Disclosure Schedule, the HK Subsidiary does not have any Subsidiary, or hold or Control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, or maintain any offices or branches. (c) Except as disclosed in Section 4.3 of the Disclosure Schedule, the WFOEs do not have any Subsidiary, or hold or Control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, or maintain any offices or branches. (d) All equity interests in Domestic Company I and Domestic Company II have been duly pledged to WFOE I in accordance with PRC Laws, and such equity pledges have been registered with the competent Governmental Authorities. (e) Except as disclosed in Section 4.3 of the Disclosure Schedule, the Domestic Companies do not have any Subsidiary, or hold or Control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association or other entity, or maintain any offices or branches.