WFOE definition

WFOE has the meaning set forth in the Preamble.
WFOE means Glory Star New Media (Beijing) Technology Co., Ltd., a wholly foreign-owned enterprise limited liability company and indirectly wholly-owned by Glory Star; and

Examples of WFOE in a sentence

The Company owns one hundred percent (100%) equity interest in Perfect Harmony (on a fully diluted basis), Perfect Harmony in turns owns fifty two point six one five four percent (52.6154%) equity interest in Fairlubo (on a fully diluted basis), Fairlubo in turn owns one hundred percent (100%) equity interest in Fairlubo HK, and Fairlubo HK in turn owns one hundred percent (100%) equity interest in Lubao WFOE.

This Agreement shall terminate after all the Option Equity and the Company Assets are lawfully transferred to the WFOE and/or any other entity or individual designated by the WFOE pursuant to the provisions of this Agreement.

WFOE does not have any predecessors that have offered franchises in China.

During the term of this Power of Attorney, I hereby waive all the rights associated with My Shareholding, which have been authorized to the WFOE through this Power of Attorney, and shall not exercise such rights by myself.

The Company was formed solely to acquire and hold the equity interests in the HK Company and the HK Company was formed solely to acquire and hold the equity interests in the WFOE.


More Definitions of WFOE

WFOE means Ucommune (Beijing) Technology Co., Ltd.Based on the foregoing and subject to the qualifications set out below, we are of the opinion that, as of the date hereof, so far as PRC Laws are concerned:
WFOE means wholly foreign owned enterprise formed under the Laws of the PRC.
WFOE shall have the meaning specified in the Series C Preferred Share Purchase Agreement.
WFOE means 鹏意达商务咨询(深圳)有限公司, a wholly foreign owned enterprise incorporated under the laws of the PRC. 2. In the Articles:2.1 words importing the singular number include the plural number and vice-versa;2.2 words importing the masculine gender include the feminine gender;2.3 “written” and “in writing” include all modes of representing or reproducing words in visible form, including in the form of an Electronic Record;2.4 references to provisions of any law or regulation shall be construed as references to those provisions as amended, modified, re-enacted or replaced from time to time;2.5 any phrase introduced by the terms “including,” “include,” “in particular” or any similar expression shall be construed as illustrative and shall not limit the sense of the words preceding those terms;2.6 the term “voting power” refers to the number of votes attributable to the Shares (on an as-converted basis) in accordance with the terms of the Memorandum and Articles;2.7 the terms “shall”, “will”, and “agrees” are mandatory, and the term “may” is permissive;2.8 the term “day” means “calendar day” (unless the term “Business Day” is used), and “month” means calendar month;2.9 the phrasedirectly or indirectly” means directly, or indirectly through one or more intermediate Persons or through contractual or other arrangements, and “direct or indirect” has the correlative meaning;2.10 references to any documents shall be construed as references to such document as the same may be amended, supplemented or novated from time to time;2.11 all references to dollars or to “US$” are to currency of the United States of America and all references to RMB are to currency of the PRC (and each shall be deemed to include reference to the equivalent amount in other currencies); and
WFOE shall have the meaning as set forth in the Preamble.