Share Transfer Agreement of Opto-Electronics
Exhibit 2.1
Share Transfer Agreement of Opto-Electronics
Party A: Lu’an Guoying Electronic Sales Co., Ltd
Party B: Li XiaoYu
Whereas:
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1.
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Lu’an Guoying Opto-Electronics Technology Co., Ltd (Opto-Electronics) is founded on August 24, 2012 with registered capital of RMB 10,000,000, owned by party A and Mr. Xxxxxxx Xxx of 99% and 1% respectively. The paid in capital as of today is RMB 6,000,000, constituting 60% of total registered capital, whereas Party A contributed XXX0, 000, 000 xxx Xx. Xxxxxxx Xxx contributed RMB 60,000. The remaining RMB 4,000,000 is not contributed yet as of today.
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2.
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To meet the development and business needs of Party A, upon the approval of the Party A’s Board, Party A agrees to transfer 99% of equity interest in Opto-Electronics held by Party A to Party B. .
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The parties both agreed to sign this share transfer agreement.
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1.
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Party A transfer 99% of equity interest in Opto-Electronics held by Party A to Party B.
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2.
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Party B will pay RMB 5,940,000 to buy 99% of equity interest in Opto-Electronics held by Party A, including 2,000,000 RMB worth of products which were sold by Party A to Party B and later were returned from Party B to Party A.
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3.
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After this agreement takes effect, Party B has the contractual obligation to pay the remaining RMB 3,940,000within two years in the form of cash or by transferring the amount to the bank account designated by Party A.
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4.
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This agreement is triple copied. Party A, Party B and Administration for Industry and Commerce Bureau each holds one copy. This agreement takes effect after being signed by both parties.
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Party A: Lu'an Guoying Electronic Sales Co., Ltd.
Signed by: Xxx XxxXxxx
Date: 2013-6-29
Party B: Li XiaoYu
Signed by: Li XiaoYu
Date: 2013-6-29
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