Onshore Restructuring. As soon as practicable but in no event later than one (1) month following the Closing, each of the Group Companies and the Covenantors shall procure that (x) the equity interests in Shanghai Huandian held by ▇▇. ▇▇ Feng shall be transferred to one or more Founders (or any such other person as consented to by the Investor), and (y) ▇▇. ▇▇▇▇ ▇▇▇▇ shall be removed as a director in the WFOE.
Appears in 2 contracts
Sources: Share Purchase Agreement (Bilibili Inc.), Share Purchase Agreement (Bilibili Inc.)