Equity Transfer AgreementEquity Transfer Agreement • August 29th, 2014 • Grand China Energy Group LTD • Bituminous coal & lignite mining
DRAGON INTERNATIONAL RESOURCES GROUP CO., LIMITED was established on October 5, 2010 in Hong Kong and wholly owned by the Party A. The total paid up value of shares issued was HK $ 10 million. Party A is willing to transfer its own 100% share equity to Party B, and Party B is willing to undertake the share equity and the company's management. Both parties’ boards have to consider the share equity transfer matters to consent a resolution. Party A's board of directors and shareholders agreed to give up the preemptive rights. Now both parties in accordance with the provisions "of the HKSAR Basic Law", and by consensus, on the transfer of ownership issues, agree as follows:
