Examples of VIE Entities in a sentence
As disclosed in the section headed “Contractual Arrangements” in this document, the business operations of the VIE Entities constitute a business restricted to foreign investment in the PRC, therefore, we cannot directly acquire the entire equity interest in the VIE Entities.
As a result, we have entered into a series of agreements narrowly tailored to provide our Group with control over the VIE Entities and grant our Group the right to acquire the entire equity interest of the VIE Entities when and to the extent permitted by the PRC laws and regulations.Through the shareholdings and the Contractual Arrangements, we supervise and control the business operations of the VIE Entities and derive economic benefits from Tianrui Medical and the VIE Entities.
The Contractual Arrangements consist of the Structured Contracts which are entered into among Dehong Medical on one hand, and Tianrui Medical, the VIE Entities and the Relevant Shareholders (namely, Xx. Xxxx and Xx. Xxxxx), where appropriate, on the other hand.
The Company shall institute and shall keep in place arrangements reasonably satisfactory to all the Preferred Share Directors such that the Company (i) will control the operations of any Subsidiary of, or entity controlled by, the Company, and (ii) will be permitted to properly consolidate the financial results of all the Subsidiaries and VIE Entities in the consolidated financial statements for the Company.
The Company shall, and shall cause each of its Subsidiaries, and each entity it controls (including the VIE Entities), to comply with the Company’s policy on compliance with the U.S. Foreign Corrupt Practices Act, as amended.