WFOE definition
Examples of WFOE in a sentence
At the request of Tencent or Series B Preferred Holders, each of the HK Co., the WFOE and Domestic Company shall have the same number of directors as the Company, and the Series C Preferred Holders and Series B Preferred Holders shall be entitled to appoint the same number of directors to each of the HK Co., the WFOE and Domestic Company as it is entitled to appoint to the Company.
The Company, Thousand Lakes Limited, the HK Co., the WFOE, the Domestic Company, the Founder, CW Ads and certain other parties thereto have entered into a Series A Preferred Share Purchase Agreement dated September 9, 2016 (the “Series A Share Purchase Agreement”), under which the Company issued and allotted an aggregate of 5,653,044 Series A convertible preferred shares, par value US$0.0001 per share (the “Series A Preferred Shares”) to CW Ads.