PRC WFOE definition

PRC WFOE means the wholly foreign-owned enterprise which is directly or indirectly owned by or to be established by the Purchaser.
Sample 1
PRC WFOE shall have the meaning set forth in the Preamble.
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PRC WFOE means , a wholly foreign-owned enterprise organized as a limited liability company under the laws of the PRC;
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Examples of PRC WFOE in a sentence

  • The losses will expire as follows: $Year of Expiry 200949620101,031201414,406201521,907202616,74320282,372202921,834 78,789 In addition, as at December 31, 2009, the Company’s PRC WFOE and CJV have incurred tax losses on a legal entity basis in aggregate of approximately $36,576,000 [2008 – $36,659,000].

  • Subject to the laws and regulations of the PRC, WFOE may exercise the exclusive purchase right under the structured contract.

  • Pursuant to the old Income Tax Laws, qualifying PRC WFOE and CJV engaged in agricultureand manufacturing could be eligible for an exemption from PRC enterprise income taxes for two years starting from the first profitable year of operations after offsetting losses carried forward from prior years, followed by a 50% exemption for the next three years.

  • WFOE Means the PRC WFOE that is 100% indirectly owned by the Cayman Company.

  • Losses incurred by PRC WFOE and CJV can be carried forward to a maximum of five years.

  • There are no other material temporary differences in the Company’s PRC WFOE and CJV.[f] OtherThe Company adopted U.S. dollars functional tax reporting for Canadian tax reporting purposes and elected to do so effective January 1, 2008.

  • According to the PRC WFOE Law and its Implementing Rules as amended in April 2001, there should be a Project Proposal Approval stage before the final examination and approval.

  • Prior to the Closing, the Sellers will cause the Company, the PRC WFOE and each Related Entity to provide for, or to pay, applicable social and other employee benefits applicable employees and consultants of the Company, the WFOE and each Related Entity, respectively, in the manner as required by applicable Law.

  • In the event it becomes permissible under the relevant PRC laws, rules and regulations for WFOE to hold the entire equity interests in the OPCOs and to engage in the Businesses in the PRC, WFOE shall exercise the options under the Exclusive Option Agreements as soon as practicable and the relevant Structured Contracts shall be terminated.

  • None of the Company, the PRC WFOE and the Related Entities has been in default with respect to any payments required by and has otherwise failed to comply with the terms of each of the leases and/or licenses relating to the Business Premises, except for any default or failure as would not have a Material Adverse Effect.


More Definitions of PRC WFOE

PRC WFOE means a wholly foreign owned enterprise established under the laws of the People’s Republic of China.
Sample 1
PRC WFOE means Couture Accessories Distribution (Shanghai) Limited (or such other name as may be agreed by the parties and approved by the relevant PRC government authority), a wholly foreign-owned enterprise to be established by the PRC Distribution JVC in Shanghai, the PRC pursuant to the PRC Distribution JV Agreement for the establishment, operation and management of a distribution network for the distribution of the Licensed Products in the PRC “Relevant Shareholders” collectively, Cordwalner Bonaventure Inc., A Plus Investment Ltd., Giant Victory Enterprise Co., Ltd., Blue Diamond Investment Corp., Best Trace Limited, Merci Capital Limited, Perfect Epoch Limited, Cassini Inc., Huygens Inc., Enceladus Investment Inc., Xanadu Plus Inc., Atelier One Inc., Atelier Two Inc. and Atelier Three Inc., particulars of each of which are set forth in the section headed “Information on the Relevant Shareholders” above “Shareholder(s)” shareholder(s) of the Company “Stella Fashion” Stella Fashion Group Limited, a company incorporated under the laws of the British Virgin Islands with limited liability and a wholly-owned subsidiary of the Company “Stella Loan Note” the loan note(s) to be issued by Ex-PRC JVC or PRC Distribution JVC to Stella Fashion in respect of the shareholder’s loan to be advanced by Xxxxxx Fashion under the Ex-PRC JV Agreement or, as the case may be, the PRC Distribution JV Agreement, brief particulars of which are set forth under the paragraph “The capital structure and funding of the JVC Group – (iii) Loan notes” in the section headed “Summary of the Joint Venture Agreements” above
Sample 1
PRC WFOE means Newpalm (China) Information Technology Co., Ltd. [Chinese characters].
Sample 1
PRC WFOE means the wholly foreign-owned enterprise which is directly owned by the Company. (“TimeHeart (Beijing) Network Technology Limited” and Chinese name
Sample 1

Related to PRC WFOE

  • WFOE has the meaning set forth in the Preamble of this Agreement.

  • HKMA means the Hong Kong Monetary Authority;

  • PRC Entities means the PRC Subsidiaries and the Consolidated Affiliated Entities collectively.

  • HKFE means the Hong Kong Futures Exchange Limited;

  • PRC means the People’s Republic of China, but solely for purposes of this Agreement, excluding the Hong Kong Special Administrative Region, the Macau Special Administrative Region and Taiwan.

  • HK$ Hong Kong dollars, the lawful currency of Hong Kong;

  • PRC Companies means, collectively, all entities listed in Appendix A hereof, and each, a “PRC Company”.

  • China means the People’s Republic of China, excluding, for purposes of this Agreement, Hong Kong, the Macau Special Administrative Region of the PRC and Taiwan.

  • RMB means Renminbi, the lawful currency of the PRC

  • HK Company shall have the meaning ascribed to it in the preamble of this Agreement.

  • PRC Subsidiary means any Subsidiary of the Company organized under the Laws of the PRC.

  • PRC Subsidiaries means all Company Subsidiaries organized under the Laws of the PRC.

  • Mainland China means the People’s Republic of China (excluding Hong Kong, Macau and Taiwan).

  • CJA means the Courts of Justice Act, RSO 1990, c C-43, as amended;

  • CJI means criminal justice information collected by criminal justice agencies needed for the performance of their authorized functions, including, without limitation, all information defined as criminal justice information by the U.S. Department of Justice, Federal Bureau of Investigation, Criminal Justice Information Services Security Policy, as amended and all Criminal Justice Records as defined under §24-72-302, C.R.S.

  • PRC Law means the then-effective laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory documents of the PRC.

  • Renminbi means the lawful currency of the PRC;

  • NSC means Norfolk Southern Corporation.

  • SONIAi-pLBD means, in respect of any London Banking Day falling in the relevant Observation Period, the SONIA reference rate for the London Banking Day falling "p" London Banking Days prior to the relevant London Banking Day "i".

  • HKEx means Hong Kong Exchanges and Clearing Limited;

  • BVI means the British Virgin Islands.

  • ICSDs means Clearstream, Luxembourg and Euroclear;

  • PRC GAAP means the generally accepted accounting principles in the PRC.

  • EU means the European Union.

  • ROC means the Republic of China.

  • EPFO means Employees' Provident Fund Organization