Registered Capital. The registered capital of WFOE has been fully funded by CGEN HK in accordance with the terms of WFOE’s articles of association. CGEN HK is the sole legal and beneficial holder of all of the equity interest of WFOE. Such capitalization of WFOE and the ownership of WFOE by CGEN HK have been approved by all relevant PRC authorities, which approvals are in full force and effect and have not lapsed or been revoked.
Appears in 3 contracts
Sources: Purchase Agreement (Cgen Digital Media Co LTD), Purchase Agreement (Cgen Digital Media Co LTD), Purchase Agreement (Cgen Digital Media Co LTD)