Majority Class A Ordinary Shareholders definition
Majority Class A Ordinary Shareholders means the holders representing more than fifty percent (50%) of the Class A Ordinary Shares then outstanding, voting as a single class.
Examples of Majority Class A Ordinary Shareholders in a sentence
The other one (1) Director shall be designated by the Majority Class A Ordinary Shareholders (excluding the Holders of the Preferred Shares and the Class B Ordinary Shares who have converted their securities into Class A Ordinary Shares) (“Ordinary Director”).
The board of directors of HK Company shall have seven (7) members, of which one (1) shall be Taikang Director, one (1) shall be Matrix Director, one (1) shall be K2 Director and the other four (4) directors shall be designated by the Majority Class A Ordinary Shareholders (excluding the Holders of the Preferred Shares and the Class B Ordinary Shares who have converted their securities into Class A Ordinary Shares).