VIE Structure definition

VIE Structure means the investment structure a non-PRC investor uses when investing in a PRC company or business that typically operates in a regulated industry. Under such investment structure, the onshore PRC operating entity and its PRC shareholders enter into a number of Contracts with the non-PRC investor (or a foreign invested enterprise incorporated in the PRC) and/or its onshore WFOE pursuant to which the non-PRC investor achieves control of the onshore PRC operating entity and also consolidates the financials of the onshore PRC entity with those of the offshore non-PRC investor.

VIE Structure means the investment structure in which a PRC-domiciled operating entity and its PRC shareholders enter into a number of Contracts with a non-PRC investor (or a foreign-invested enterprise incorporated in the PRC invested by the non-PRC investor) pursuant to which the non-PRC investor achieves control of the PRC-domiciled operating entity and also consolidates the financials of the PRC-domiciled entity with those of the non-PRC investor.

VIE Structure means the investment structure in which a Mainland China-domiciled operating entity and its Mainland China shareholders enter into a number of Contracts with a non-PRC investor (or a foreign-invested enterprise incorporated in Mainland China invested by the non-PRC investor) pursuant to which the non-PRC investor achieves control of Mainland China-domiciled operating entity and also consolidates the financials of Mainland China-domiciled entity with those of the non-PRC investor.

Examples of VIE Structure in a sentence

• VIE Structure and Arrangements On July 30, 2010, we acquired Sinotop Hong Kong through CB Cayman.

• Upon adoption of the VIE Structure, it is intended that certain subsidiaries of the Company will enter into license agreements with the WFOE, to grant certain the technical licenses in connection with the Platform and strategic plans, technical plans, platform technology system, website design and implementation results in relation to the Platform.

• The Company adopted the VIE Structure in order to indirectly participate in the Restricted Business in the PRC and will unwind the VIE Structure as soon as the law allows such business to be operated by foreign investors in the PRC without the VIE Structure.

• In light of the legal issues and potential risks associated with these arrangements, the Exchange’s VIE Guidance states that issuers should take necessary actions to ensure the legality and validity of the VIE Structure and disclose all material and relevant information about the arrangements.

• We propose Grandfathered Greater China Issuers be able to secondary list with their existing VIE Structures in place.41 These issuers would be required to provide the Exchange with a PRC legal opinion that their VIE Structure complies with PRC laws, rules and regulations.

More Definitions of VIE Structure

VIE Structure and “VIE Structuring Documents” shall have the meaning ascribed to such terms in Section 3.1(A)(b).

VIE Structure means a variable interest entities structure, i.e., the Company indirectly controls 100% equity interests of the Operating Entity by means of the VIE Agreements in order to obtain all the profits from the Operating Entity. WFOE has the meaning given to it in SCHEDULE 3 hereof. SCHEDULE 6 Shareholding structure of the Company, the Subsidiaries and the VIE Affiliates EXHIBIT A REPRESENTATIONS AND WARRANTIES OF FOUNDER AND COMPANY

VIE Structure means any arrangement where an entity (that is established in the PRC and in respect of which the Borrower or the Target does not, directly or indirectly, hold or own a majority of its Equity Interests) and/or any or all of its shareholder(s) enter into contractual arrangements with any Group Member or the Target Group which enable such Group Member or the Target Group to exercise effective Control over such first-mentioned entity or consolidate the financial condition or results of operation of such first-mentioned entity in accordance with the Accounting Principles for the purposes of the consolidated financial statements of the Group or the Target Group.

VIE Structure means the investment structure in which a PRC-domiciled operating entity and its PRC shareholder(s) enter into a number of Contracts with a non-PRC investor (or a foreign-invested enterprise incorporated in the PRC invested by the non-PRC investor) pursuant to which the non-PRC investor (or a foreign-invested enterprise incorporated in the PRC invested by the non-PRC investor) achieves Control of the PRC-domiciled operating entity and consolidates the financials of the PRC-domiciled entity with those of the non-PRC investor.

VIE Structure means the group structure by which the Company’s Subsidiary incorporate Yidian Technology into the consolidated financial statements of the Company, through the control agreements executed by Yidian Information with Yidian Technology (as defined below) and the shareholders of Yidian Technology.

VIE Structure means the structure evidenced by the VIE Documents.

VIE Structure. Structure of the Variable Interest Entity shown in Appendix 1.