Examples of WFOE in a sentence
The Domestic Company, the WFOE and the shareholders of the Domestic Company shall take all reasonably necessary steps to comply with the Control Documents.
The Domestic Company shall, to the extent permitted by applicable law, operate its business at the direction of its board of directors and its shareholders (who have assigned their voting rights to the WFOE).
The WFOE shall take all reasonably necessary steps to ensure that the Domestic Company will have funds available to cover its operating expenses and to timely repay its debts as they become due.
To the extent permitted by PRC laws and upon the written request of the WFOE, the Key Parties shall, and the Covenantors shall cause other shareholders of the Domestic Company to transfer their equity interests in Domestic Company in part or in whole to the WFOE or the designee of the WFOE at the WFOE’s sole and absolute discretion at such price described in the Control Documents.
Xxxxxxx Xxxxx (Beijing) Technology Co., Ltd.(元保数科(北京)科技有限公司 (Seal) By: /s/ XXXX Xxx Name: XXXX Xxx (方锐) Title: Legal Representative WFOE: Yuanbao Kechuang (Beijing) Technology Co., Ltd.