Beijing WFOE definition

Beijing WFOE means iSoftStone Information Technology (Group) Limited , a limited liability company established under the law of the PRC.

Beijing WFOE has the meaning ascribed to it in the Preamble to this Agreement.

Beijing WFOE means Beijing Shunyuan Kaihua Technology Co., Ltd.

Examples of Beijing WFOE in a sentence

• Contractual ArrangementsIn order to comply with PRC laws and regulations while availing ourselves of capital markets and maintaining effective control over all of our PRC operations, on September 25, 2018, Beijing WFOE entered into the Contractual Arrangements with our Onshore Holdco, its respective registered shareholders, which were restated and amended on August 13, 2020, April 9, 2021 and December 27, 2021.

• Through the Contractual Arrangements, Beijing WFOE is able to exercise effective control over the operations of, and become entitled to all the economic benefits derived from the operation of our Onshore Holdco and our Onshore Holdco’s subsidiaries.

• Establishment of Beijing WFOEOn May 30, 2018, Beijing WFOE was established as a limited liability company in the PRC as a direct wholly-owned subsidiary of Beisen HK and therefore an indirect wholly-owned subsidiary of our Company.

• Beijing WFOE shall, and other Group Companies and the Principals shall procure Beijing WFOE and Mrfresh VIE to, maintain the warehouse Defective Leasing rate (i) at a certain percentage no higher than twenty-five percent (25%) following the Closing, and (ii) at a certain percentage that would not adversely affect or impede the Qualified IPO (as defined in the Shareholders Agreement).

• As such, according to our PRC Legal Advisor, Beijing WFOE is not otherwise entitled to a favorable enterprise income tax rate of 15%, which is applicable to the Onshore Holdco.

More Definitions of Beijing WFOE

Beijing WFOE means iSoftStone Information Technology (Group) Limited ( ), a limited liability company established under the law of the PRC.

Beijing WFOE means Beijing Qiyi Century Science & Technology Co., Ltd. (“ ”), a wholly foreign-owned enterprise established under the laws of the PRC.

Beijing WFOE. Beijing Spark Education and Technology co., Ltd. (北京火花思维教育科技有限公司) By: /s/ Xxx Xxxx (罗剑) Name: Xxx Xxxx (罗剑) Title: Legal Representative Affix Seal: TIANJIN WFOE: Tianjing Spark Education and Technology co., Ltd. (天津火花思维教育科技有限公司) By: /s/ Ge Qing (葛青) Name: Ge Qing (葛青) Title: Legal Representative Affix Seal: Signature Page to shareholders’ Agreement – Spark Education Limited

Beijing WFOE has the meaning ascribed to such term in Schedule 3 attached to this Agreement.

Beijing WFOE means Beijing Qiyi Century Science & Technology Co., Ltd. (“ ”), a wholly foreign-owned enterprise established under the laws of the PRC;

Beijing WFOE means Beijing Yiqi Education & Technology Co., Ltd. (北京一起教育科技有限责任公司), a company incorporated under the laws of the PRC.

Beijing WFOE has the meaning ascribed to it in the preamble;