Common use of Equity Structure Clause in Contracts

Equity Structure. The registered capital structure of the Target Company and the Group Members as set forth in the articles of association of the Target Company and in the amendments to the articles of association registered with market supervision and administration authorities on the Execution Date is fully consistent with the records in Exhibit 1 hereto and the relevant articles of association of the Target Company and the Group Members provided to the Investor, and truly, completely and accurately reflects the equity structure of the Target Company and the Group Members, and there is no false capital contribution. The Target Company and the Group Members have never committed to or actually issued any equity interests, shares, convertible bonds, warrants, options or equity interests of the same or similar nature other than the above shareholder equity interests in any form or to any person. The equity interests in the Target Company and the Group Members are free and clear of any nominee holding or similar arrangement, pledge or other security interest of any kind, or Encumbrance or any other third party rights (including, with respect to the equity interests in any person, any option or conversion right or pre-emptive right of any nature). The shareholding structure of direct or indirect equity holders of the Target Company (the equity interest in the Target Company penetrating through natural persons or governmental Authorities) will not have material adverse effect on the Target Company’s application for initial public offering of its shares and the initial public offering and listing of its shares on the PRC stock exchange (other than the PRC National Equities Exchange and Quotations System). All the registration and filing procedures applicable to the NIO Parties having obtained the shares and interests in the registered capital of the Target Company and the Group Members have been completed.

Equity Structure. The registered capital structure of the Target Company and the other Group Members as set forth in the articles of association of the Target Company and in the amendments to the articles of association registered with market supervision and administration authorities on the Execution Date is fully consistent with the records in Exhibit 1 hereto and the relevant articles of association of the Target Company and the other Group Members provided to the Investor, and truly, completely and accurately reflects the equity structure of the Target Company and the other Group Members, and there is no false capital contribution. The Target Company and the other Group Members have never committed to or actually issued any equity interests, shares, convertible bonds, warrants, options or equity interests of the same or similar nature other than the above shareholder equity interests in any form or to any person. The equity interests in the Target Company and the other Group Members are free and clear of any nominee holding or similar arrangement, pledge or other security interest of any kind, or Encumbrance or any other third party rights (including, with respect to the equity interests in any person, any option or conversion right or pre-emptive right of any nature). The shareholding structure of direct or indirect equity holders of the Target Company (the equity interest in the Target Company penetrating through natural persons or governmental Authorities) will not have material adverse effect on the Target Company’s application for initial public offering of its shares and the initial public offering and listing of its shares on the PRC stock exchange (other than the PRC National Equities Exchange and Quotations System)Qualified IPO. All the registration and filing procedures applicable to the NIO Parties having obtained the shares and interests in the registered capital of the Target Company and the other Group Members have been completed.