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Equity Entrustment Agreement

Opublikowano: niedziela, wrz 19, 2021

reference is made to the company`s communication of 28 December 2017 concerning, inter alia, (i) the termination of agreements related to certain asset restructurings; (ii) the framework agreement on the establishment of JV; and (iii) the acquisition of minority interests in a subsidiary. Nanjing Xibai entered into an agreement on 30 December 2014 with our contracting parties in the PRC and the relevant shareholders on the shareholder rights mandate (the „Delegation of Shareholder Rights Agreement”) under which the relevant shareholders irrevocably allowed Nanjing Xibai to exercise their shareholder rights in our parties to the PRC; including participation in general meetings and the exercise of voting rights and dividend distribution rights. Nanjing Xibai has the right to exercise shareholder rights without consulting or obtaining the consent of the relevant shareholders. In addition, Nanjing Xibai has the right to allow other persons to exercise the rights of the shareholder to the extent authorized by the relevant shareholders. Secondly, with regard to the determination of the classification of a shareholder according to the principle of the legal relationship, the beneficial investor and the nominal shareholder, if they sign the participation agreement, can certainly agree on the rights and obligations of both parties, such as. Β the agreement on the date, the method of distribution of dividends and the exercise of voting rights. etc. However, the agreement is binding only on the contracting parties and has no automatic effect on the undertaking. The beneficial investor has a dispute with the nominal shareholder about the participation contract and wishes to receive dividends, so he needs evidence to demonstrate that the company has paid dividends to the anonymous shareholder. What agrees with a stock trust agreement? The parties, clauses and obligations between them, which are well explained in our standard share transfer agreement. In previous proceedings concerning disputes concerning the mandate to participate, the General Court decided, when determining whether the participation agreement signed between the beneficial investor and the nominal shareholder was valid as long as the contract did not violate the mandatory provisions of the law and administrative provisions, as a general rule, that the transfer of shareholding agreement was valid. On the basis of the principles of honest cooperation, equality, voluntary service and compensatory services, and in accordance with the applicable national legislation, Party A and Part B have concluded the following agreement through negotiations with Party A, which entrusts Party B with the recruitment and training of undertakings, and shall jointly comply with that agreement.

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