Examples of WFOE-1 in a sentence
If requested by the Investors, the Warrantors shall jointly and severally ensure that the WFOE-1, the WFOE-2 and/or their branches shall use their commercially reasonable efforts to apply for their own Express License.
On the date of the Dalian Completion, the Purchaser shall contribute capital of RMB1.15 billion to Dalian WFOE1, and shall procure Dalian WFOE1 to pay off the payables owed to DLHC.
Dalian WFOE1 is a wholly-foreign-owned enterprise established in Mainland China on 26 August 2021.
For the purpose of this report, the Unaudited Combined Financial Information has been prepared on a combined basis of the Disposal Group for the Relevant Periods and as if Dalian WFOE1 and Dalian WFOE2 had been established at the beginning of each of the Relevant Periods.
The intermediate holding company of Dalian WFOE1 and Dalian WFOE2 is HKHC.
Pursuant to the terms of the Agreement, Dalian WFOE1 will acquire the entire equity interests in the Four Theme Parks Companies at a consideration of RMB1.15 billion.
Furthermore, pursuant to the Restructuring Memorandum, Mr. Luo will be obliged to procure WFOE1 to enter into an agreement with Mianzhu Norwest pursuant to which Mianzhu Norwest shall be entitled to retain any and all amounts payable to WFOE1 under the Dashan Co-operation Agreements (as novated to WFOE1) so long as the Notes are outstanding, and may apply such retained amounts against any indebtedness for interest due but unpaid by LYR to APR under the Notes.
The E-commerce Contractual Arrangements On 25 September 2020, the Company, through its wholly-owned subsidiary, E-commerce WFOE(1), entered into a series of contractual arrangements with each of E-commerce OPCO and its Registered Shareholders to assert management control over the operations of its E-commerce Business conducted through E-commerce OPCO and its subsidiaries, and to enjoy all economic benefits of E-commerce OPCO and its subsidiaries.