Examples of Chengdu WFOE in a sentence
Parties: the customer, the Onshore Holdco, Chengdu WFOE as applicable.
Since July 1, 2021, all new contracts in respect of the cloud-based HCM solutions (inclusive of professional services as applicable) were signed directly between the customers and Chengdu WFOE.
We may grant Awards (as defined below) to employees, consultants and directors of the Company and/or related entity(ies), which include, among others, the Onshore Holdco, Beijing WFOE and Chengdu WFOE.
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Payment of dividends by Chengdu WFOE and Xi’an WFOE: Except for any restrictions under applicable laws which are generally applicable to all foreign invested enterprises in the PRC, each of Chengdu WFOE and Xi’an WFOE has full power and authority to effect dividend payments and other distributions to shareholders and remittances thereof outside the PRC in US Dollars or other foreign currencies subject to an income tax of 10 per cent.
No other PRC subsidiaries: Chengdu WFOE and Xi’an WFOE are the only subsidiaries of the Issuer which are incorporated in the PRC.
Additionally, our Onshore Holdco, Chengdu WFOE and the above customers of our Onshore Holdco also agreed that, for any new contracts with respect to SaaS products sales and development solutions since July 1, 2021, Chengdu WFOE shall provide the services and collect service fees directly from these customers.
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Our Directors are of the view that, since the relevant unrestricted SaaS products sales and solutions business was provided by Chengdu WFOE to the above existing customers directly, such transitional fee settlement arrangement shall not render the Contractual Arrangements to violate the narrowly-tailored requirements pursuant to the HKEx-LD43-3.