PRC Entities means, collectively, Shanghai Newsummit Biopharma R&D Co., Ltd. (Shang Hai Xin Sheng Yuan Yi Yao Yan Jiu You Xian Gong Si , "Newsummit R&D Company"), Shanghai Newsummit Biopharma Group Co., Ltd. (Shang Hai Xin Sheng Yuan Yi Yao Ji Tuan You Xian Gong Si , "Newsummit Group"), Shanghai Xingaofeng Newsummit Biopharma Co., Ltd. (Shang Hai Xin Gao Feng Sheng Wu Yi Yao You Xian Gong Si ), Dalian Newsummit Biopharmaceutical Technology Service (Da Lian Xin Sheng Yuan Sheng Wu Yi Yao Ji Zhu Fu Wu You Xian Gong Si ), Taizhou Newsummit Biopharma Co., Ltd. (Tai Zhou Xin Sheng Yuan Sheng Wu Yi Yao You Xian Gong Si ), Tianjin Newsummit Biopharma Co., Ltd. (Tian Jin Xin Sheng Wu Yuan Sheng Wu Yi Yao You Xian Gong Si ), Nanjing Newsummit Biopharma Co., Ltd. (Nan Jing Xin Sheng Yuan Yi Yao Yan Jiu You Xian Gong Si ), Wuhan Biolake New Drug Incubation Public Service Platform Co., Ltd. (Wu Yi Guang Gu Xin Yao Fu Hua Gong Gong Fu Wu Ping Tai You Xian Gong Si ), Wuhan Biolake Newsummit Investment Holdings Co., Ltd. (Wu Yi Guang Gu Xin Sheng Yuan Tou Zi Kong Gu You Xian Gong Si ), Shenyang Sishui Innovation and Incubation Public Service Platform Co., Ltd. ( ) and Shanghai Newsummit Biopharmaceutical Technology Co., Ltd. (Shang Hai Xin Sheng Yuan Yi Yao Ke Ji You Xian Gong Si ).
The Establishment Documents of the PRC Entities have been duly approved in accordance with the laws of the PRC and are valid and enforceable.
Except for the PRC Entities, the Company does not presently own, control or have, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association, branch offices or other entity in the PRC.
Company and each of its subsidiaries (as defined in Section 15), including the PRC Entities (as defined below), have been duly organized and are validly existing as corporations or other legal entities in good standing (or the foreign equivalent thereof) under the laws of their respective jurisdictions of organization.
The Founder, the PRC Entities and the other Parties agree to execute such further instruments and to take such further action as may reasonably be necessary to carry out the intent of this Agreement (including voting shares and procuring Directors to vote).
There are no other agreements, contracts or other documents relating to the corporate structure of the Company, its Subsidiaries and the PRC Entities which has not been previously disclosed or made available to the Underwriters and, to the extent material to the Company, disclosed in the Registration Statement, the Time of Sale Disclosure Package and the Prospectus.