Post-Closing Auditing Sample Clauses

Post-Closing Auditing. 3.2.1 After the completion of the contribution of Equity Assets and before the payment of the first installment of the Capital Increase Price, the NIO Parties shall conduct a comprehensive audit on the Target Company and the Restructure Assets (the “Post-Closing Auditing”) to review: (i) whether the contribution of Equity Assets has been completed and all the Equity Assets have been fully invested into the Target Company in compliance with relevant regulations; (ii) whether the financial status of the Target Company and the Restructure Assets has no material adverse effect from the Balance Sheet Date to the Closing Date; (iii) whether there is no event, fact, condition, change or other circumstances that have or are reasonably expected to have material adverse effect on the assets, financial structure, liabilities, technologies, profit prospect and ordinary operation of the Target Company and the Restructure Assets; and (iv) conduct a comprehensive audit on the balance sheet, profits, cash flow, and other matters with respect to the Target Company and the Restructure Assets of year 2019 and year 2020 till the benchmark date of auditing; 3.2.2 The NIO Parties shall immediately conduct Post-Closing Auditing and determine the baseline date for Post-Closing Auditing within two (2) business days after completion of the contribution of Equity Assets, and the Target Company shall complete Post-Closing Auditing within forty-five (45) business days after the Closing and issue to the Investors the Audit Report of the year of 2019 audited by PwC and for the period ending on the baseline date of auditing.