Common use of Structuring Clause in Contracts

Structuring. The description set forth in the Prospectus, including, but not limited to, under the caption “Prospectus summary,” “Our corporate structure,” “Management’s discussion and analysis of financial condition and results of operations” and “Related party transactions” of the events and transactions concerning the Company’s arrangements with the Subsidiaries and the operations of any of the Subsidiaries (collectively, the “Structuring”) does not, and will not, as of the applicable effective date of the Registration Statement and any amendment thereof and as of the applicable filing date of the Prospectus and any amendment or supplement thereto, contain an untrue statement of a material fact, omit to state a material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading. The Structuring is in compliance with all existing with all existing PRC laws, rules and regulations.