Use of the Proceeds from Capital Increase Subscriptions. They shall ensure that the Proceeds from Capital Increase Subscriptions are used for the execution of the Company’s business plans approved by the Company and Tianhong Lvyan and Wentou Huyu, and not for any other purpose than the Company’s main business. In particular the Proceeds from Capital Increase Subscriptions may not be used to repay the Company’s loans (including but not limited to the loans of RMB Seven Million One Hundred Twenty Three Thousand Five Hundred Twenty One and Thirty Eight Cents (RMB7,123,521.38) in total provided to the Company by the Controlling Shareholder pursuant to the 3 loan agreements signed with the Company on May 8, 2017 and June 5, 2017.
Appears in 2 contracts
Samples: Capital Increase Agreement (36Kr Holdings Inc.), Capital Increase Agreement (36Kr Holdings Inc.)
Use of the Proceeds from Capital Increase Subscriptions. They shall ensure that the Proceeds from Capital Increase Subscriptions are used for the execution of the Company’s business plans approved by the Company and Tianhong Lvyan Guohong No.2 and Wentou HuyuFenzhong Chuangxiang, and not for any other purpose than the Company’s main business. In particular the Proceeds from Capital Increase Subscriptions may not be used to repay the Company’s loans (including but not limited to the loans of RMB Seven Million One Hundred And Twenty Three Thousand Five Hundred And Twenty One and Thirty Eight Cents (RMB7,123,521.38) in total provided to the Company by the Controlling Shareholder pursuant to the 3 loan agreements signed with the Company on May 8, 2017 and June 5, 2017.
Appears in 2 contracts
Samples: Capital Increase Agreement (36Kr Holdings Inc.), Capital Increase Agreement (36Kr Holdings Inc.)