Examples of PRC Operating Entities in a sentence
However, the PRC operating entities did not pay social insurance contributions and housing provident fund contributions in full for all of the employees.
As of the date of this legal opinion, none of the Company or any of the PRC operating entities (1) is subject to approval requirements from the CSRC, the CAC, or any other entity to approve the Company’s operations, and (2) has been denied such permissions by any PRC authorities.
As of the date of this legal opinion, the PRC operating entities have entered into employment contracts with all of their employees.
Each of PRC operating entities has obtained a valid business license, which is a permit issued by Market Supervision and Administration that allows companies to conduct specific businesses within the government’s geographical jurisdiction.
In our opinion, the risk of the PRC operating entities being penalized by the relevant authorities is remote.