Share Pledge. In order to guarantee the performance of the Parent’s obligations under the Agreement and the repayment obligation contemplated under the mezzanine loan provided by the Investor to a wholly owned subsidiary of the Parent in the PRC of US$156,800,000, 122,663,113 H Shares (equivalent to 18.79% of the total issued share capital of the Company) have been arranged to pledge to the Investor.
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