AUTHORISED AND ISSUED SHARE CAPITAL. 4. Immediately prior to the Effective Time (as defined below) the authorized share capital of Merging Sub was US$50,000.00 divided into 50,000 shares with a par value of US$1.00 each, of which one share has been issued and fully paid.
AUTHORISED AND ISSUED SHARE CAPITAL. 4. Immediately prior to the Effective Time (as defined below) the authorized share capital of Merger Sub will be US$[·] divided into [●] ordinary shares, par value US$[●] per share, of which 1 share is in issue.
AUTHORISED AND ISSUED SHARE CAPITAL. Immediately prior to the Effective Date (as defined below) the authorized share capital of Parent was US$100,000 divided into 10,000,000 shares with a par value of US$0.01 each, of which 8,688,657 shares have been issued and fully paid. Immediately prior to the Effective Date the authorized share capital of the Company was US$700,000 divided into 7,000,000,000 shares of a par value of US$0.0001 each, of which 4,165,088,417 shares have been issued and fully paid. On the Effective Date, the authorized share capital of the Surviving Company shall be US$ 100,000 divided into 10,000,000 ordinary shares with a par value of US$0.01 each of which 8,688,657 shares shall be in issue credited as fully paid. On the Effective Date:
AUTHORISED AND ISSUED SHARE CAPITAL. 4. Immediately prior to the Effective Time (as defined below), the authorized share capital of Merging Company was US$50,000 divided into 50,000 shares with a par value of US$1.00 each, of which one share had been issued and fully paid.
AUTHORISED AND ISSUED SHARE CAPITAL. (a) Immediately prior to the Effective Time:
AUTHORISED AND ISSUED SHARE CAPITAL. 4. Immediately prior to the Effective Date the authorized share capital of Mergersub was HK$1 divided into 50,000 ordinary shares of HK$0.00002 par value per share all of which had been issued.
AUTHORISED AND ISSUED SHARE CAPITAL. 6. Immediately prior to the Merger Effective Time (as defined below), the authorized share capital of the Acquiror shall be US$22,100 divided into (i) 200,000,000 Class A ordinary shares of a par value of US$0.0001 each (“Acquiror Class A Ordinary Shares”) (of which [29,900,000] are issued and outstanding), (ii) 20,000,000 Class B ordinary shares of a par value of US$0.0001 each (“Acquiror Class B Ordinary Shares”) (of which [7,475,000] are issued and outstanding), and (iii) 1,000,000 preferred shares of a par value of US$0.0001 each (none of which are issued and outstanding) ((i), (ii) and (iii) collectively the “Acquiror Shares”).
AUTHORISED AND ISSUED SHARE CAPITAL. 4. Immediately prior to the Effective Date the authorized share capital of Mergersub was US$[—] divided into [—] ordinary shares of US$[—] par value per share of which [—] ordinary shares have been issued and fully paid.
AUTHORISED AND ISSUED SHARE CAPITAL. 5.1. Immediately prior to the Effective Date (as defined below), the authorised share capital of the Surviving Company is US$55,500 divided into 500,000,000 Class A ordinary shares of a par value of US$0.0001 each ("Class A Ordinary Shares"), 50,000,000 Class B ordinary shares of a par value of US$0.0001 each ("Class B Ordinary Shares") and 5,000,000 preference shares of a par value of US$0.0001 each ("Preference Shares"), of which [●] Class A Ordinary Shares and [●] Class B Ordinary Shares have been issued and fully paid and no Preference Shares have been issued.
AUTHORISED AND ISSUED SHARE CAPITAL. 5.1. Immediately prior to the Effective Date (as defined below), the authorised share capital of the Surviving Company is US$50,000 divided into 10,000,000,000 shares of a par value of US$0.000005 each, of which 1 share has been issued and fully paid.
