保密文件/private and 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蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿蚃袂節(jié)膅螞羄肅蒄蟻蚄袈莀蝕袆肅莆蝕羈羆節(jié)蠆蚈膂膈蚈螀羄蒆蚇袃膀莂螆羅羃羋螅蚅膈膄螄螇羈薃螄罿膇葿螃肂聿蒞螂螁芅芁莈襖肈膇莇羆芃蒅莇蚆肆莁蒆螈芁芇蒅袀肄膃蒄肂袇薂蒃螂膃蒈蒂襖羅莄蒁羇膁芀蒁蚆羄膆薀蝿腿蒅蕿袁羂莁薈羃膇芇薇螃羀芃薆裊芆腿薅羈肈蕆薅蚇芄莃薄螀肇艿 投資框架協(xié)議investment framework agreement本投資框架協(xié)議（以下簡稱“協(xié)議”）由下述雙方于2013年_月_日簽訂:this investment framework agreement (“agreement”) is entered into as on this date, 2013 between:出售方： (以下簡稱“”或“甲方”)；the vendor: (“” or “party a”); 投資方：abc有限公司(以下簡稱“abc”或“乙方”)。the investor: lap wai international ltd. (“l(fā)wi” or “party b”).鑒于：whereas:a 香港聯(lián)港投資有限公司（以下簡稱“目標公司”）為一家依據(jù)中華人民共和國香港特別行政區(qū)法律成立的公司，甲方擁有目標公司100%的股份。union harbour investment limited (“target company”) is a company established under the laws of hong kong special administrative region of the peoples republic of china. target company is owned as to 100% by party a.b 目標公司在中國（僅為本協(xié)議之目的，中國不包括香港特別行政區(qū)、澳門特別行政區(qū)和臺灣）境內(nèi)擁有xxx有限公司（以下簡稱“xxx”） 90%的股權(quán)。xxx與舟山市民政局合作成立了yyy（以下簡稱“yyy”）（xxx以及yyy合稱為“目標公司中國子公司”）target company owns 90% of equity interests of xxx(“xxx”) in prc (for the purpose only of this agreement, prc shall exclude hong kong special administrative region, macau special administrative region and taiwan). xxxand zhoushan civil affairs bureau cooperated and established yyy (“yyy”) (xxxand yyy collectively referred as “prc subsidiaries”).因此，根據(jù)下面的承諾、約定、條件條款、聲明和保證，雙方同意如下：now therefore in consideration of the promises, covenants, terms, conditions representations and warranties hereinafter set forth, the parties hereto agree as follows:1. 目標/objective1.1 甲方和乙方希望就乙方(或通過其關(guān)聯(lián)公司)收購由甲方所擁有的目標公司的100%股權(quán)(以下簡稱“擬定交易”)進行磋商。party a and party b desire to discuss the purchasing by party b (or through its affiliates) 100% of the equity of target company owned by party a (the “proposed transaction”).1.2 本協(xié)議的目的系明確甲乙雙方就擬定交易已達成一致的及相關(guān)進一步安排的約定。the purpose of this agreement is to record certain aspects of the proposed transaction that the parties mutually acknowledge and to outline future arrangements to be undertaken by the parties in relation to the proposed transaction.2. 擬定交易/proposed transaction2.1 就擬定交易，甲、乙雙方預(yù)計可行的主要交易條款如下：in respect of the proposed transaction, the parties anticipate that the main viable terms and conditions are as follows:(a) 乙方擬以人民幣7000萬元的價格(“收購價款”)，通過其自身或其關(guān)聯(lián)公司向甲方購買甲方所擁有的目標公司100%的股權(quán)。party b will, through itself or its affiliates, purchase 100% of the equity of target company owned by party a at a price of rmb70,000,000 (the “purchase price”).(b) 乙方（或其關(guān)聯(lián)公司）向甲方支付的首期收購價款的金額為人民幣3500萬元（“首期款”），剩余的收購價款人民幣3500萬元在擬定交易完成后的第十八（18）個月期滿后支付。若在此期間，乙方發(fā)現(xiàn)目標公司及其中國子公司在擬定交易完成前存在未披露債務(wù)或甲方違反任何相關(guān)陳述保證與承諾而導(dǎo)致目標公司及其中國境內(nèi)子公司承受損失，則乙方有權(quán)從剩余的收購價款中扣除損失并追究甲方的違約責(zé)任。the first installment of the purchase price to be paid by party b or its affiliates to party a shall be rmb35,000,000 (“first installment”). the residual purchase price rmb35,000,000 shall be paid after eighteenth (18th) month from the completion of the proposed transaction. during such period, provided that party b becomes aware of the existence of undisclosed indebtedness incurred by the target company and its prc subsidiaries prior to the completion of the proposed transaction or party a breaches any relevant representation and warrant, which cause any loss to the target company and its prc subsidiaries, party b shall have the right to deduct the amount of such loss from the residual purchase price and hold party a accountable for any breach liability.雙方應(yīng)于首期款支付后【三（3）】個工作日內(nèi)共同完成目標公司股東變更手續(xù)。both parties shall complete the procedures for the change of the shareholders of the target company within three (3) working days after the payment of first installment. (c) 首期款支付的先決條件包括但不限于以下條件：the preconditions for the payments of the first installment shall include but not limited to the following:(i) 簽署甲方和乙方認可的法律文件，包括但不限于：股份轉(zhuǎn)讓協(xié)議（目標公司及甲方做出的陳述和保證和其他條款令乙方滿意）、股東會/股東大會/董事會決議和修改后的目標公司及其中國境內(nèi)子公司章程等；其中，甲方應(yīng)當促使并確保xxx以令乙方滿意的格式和內(nèi)容修改其公司章程，包括但不限于以下內(nèi)容：execution of the legal documents to the satisfaction of party a and party b, including but not limited to: share purchase agreement with representations and warrants made by the target company and party a and other terms and conditions satisfactory to party b, shareholders/shareholders meeting/board resolutions and revised memorandum & articles of association of the target company and its prc subsidiaries; among which, party a shall procure and ensure xxxto revise its article of association in the forms and contexts to the satisfaction of party b, including but not limited to the following contexts:l 將xxx公司章程第三十八條中有關(guān)公司利潤分配的條款，補充修改為“在公司合營期限內(nèi)的前三十年中，公司可分配利潤的20%將無償捐贈給普陀山管理局作為風(fēng)景區(qū)建設(shè)發(fā)展基金，剩余利潤按出資比例分配；在公司合營期限內(nèi)的后二十年中，公司可分配利潤按照各股東的合資比例進行分配，無需進行捐贈。”the clause 38 of the article of association of xxxregarding the profits distribution shall be revised as “in the first thirty years within the duration of the joint venture, 20% of the allocable profits of the joint venture shall be donated to putuo mountain administration bureau as the construction development foundation for the scenic area; in the latter twenty years within the duration of the joint venture, any allocable profits of the joint venture shall be distributed per capita among the shareholders without donations.”l 將xxx公司章程第三十九條中有關(guān)公司合資期限的條款補充修改為“各股東一致同意，應(yīng)在合營期限屆滿六個月之前向?qū)徟鷻C構(gòu)申請延長合資經(jīng)營期限?！眛he clause 39 of the article of association of xxxregarding to the duration of the joint venture shall be revised as “shareholders unanimously agree that the joint venture shall submit an application to the approving authority for the extension of the duration of the joint venture no less than six months prior to the expiry of the duration.”l 將xxx公司章程第四十條中有關(guān)公司合資期滿財產(chǎn)處理的條款補充修改為“清算后財產(chǎn)按照各方出資比例分配。”the clause 40 of the article of association of xxxregarding to the liquidation upon the expiry of the duration of the joint venture shall be revised as “the properties of the joint venture shall be distributed per capita among the shareholders after the liquidation.”(ii) 按乙方的要求完成法律、財務(wù)、資產(chǎn)或其他形式的盡職調(diào)查，且調(diào)查結(jié)果令乙方滿意；completion of legal, financial, assets or other types of due diligence in accordance with the requirements of party b and the results of such due diligence satisfactory to party b;(iii) 根據(jù)乙方的要求，目標公司及其中國境內(nèi)的子公司完成所有必要的重組并通過有關(guān)的政府和主管部門的審批程序；in accordance with the requirements of party b, the target company and its prc subsidiaries have completed all the necessary restructuring for their legal structures and such restructuring has been approved by the relevant governmental authorities; (iv) 甲方應(yīng)當促使并確保xxx成立時的兩個中方股東將其作價出資的土地使用權(quán)過戶至xxx名下；party a shall procure and ensure two chinese shareholders as on the date of the establishment of xxxtransfer their land usage rights to zufu garden, which have been previously used as the capital investments towards zufu garden;(v) 甲方應(yīng)明確承諾，目標公司及其中國境內(nèi)子公司均沒有賬外負債；party a shall definitely warrant that the target company and its prc subsidiaries have no indebtedness that is not recorded in their financial books and management accounts.(vi) 在盡調(diào)完成后需要甲方、目標公司及其中國境內(nèi)子公司完成的其他事項。other particulars that is necessary to be completed by party a, the target company and its prc subsidiaries after due diligence.2.2 甲、乙雙方同意各自承擔其根據(jù)適用法律可能產(chǎn)生的與擬定交易相關(guān)的任何稅務(wù)負擔。both parties agree to respectively undertake any of its possible taxation liability under the applicable law in relation to the proposed transaction.2.3 甲、乙雙方進一步明確，若在擬定交易交割之前，產(chǎn)生任何可能被合理期待的、能對目標公司及其中國境內(nèi)子公司的前景、商業(yè)、業(yè)務(wù)或財務(wù)狀況造成重大實質(zhì)不利影響的事件或情形（“重大不利影響”），則乙方有權(quán)對收購價款的估值進行調(diào)整或者單方解除擬定交易，而無需承擔任何責(zé)任。為避免疑義，甲、乙方一致同意，在任何條件下不提高收購價款。the parties further ascertain that if prior to the close of the proposed transaction there is any event or circumstance which occurs that might reasonably be expected to have a material adverse effect on the prospects, business, operations or financial condition of target company and its prc subsidiaries (“material adverse effects”), the party b shall have the right to revaluate the purchase price or unilaterally rescind the proposed transaction with no liabilities. for the avoidance of doubt, the parties hereby confirm that in no event shall there be any increase in the purchase price.2.4 本協(xié)議第2.2條中所約定的“重大不利影響”包括但不限于：the material adverse effects as defined in clause 2.2 shall include but not limited to:(a) 政治、宏觀經(jīng)濟和/或社會環(huán)境已經(jīng)或者將發(fā)生重大變化；politics, macroeconomics and/or social environment has been or will be changed significantly;(b) 目標公司及其中國境內(nèi)子公司的經(jīng)營模式、主營業(yè)務(wù)的結(jié)構(gòu)已經(jīng)或者將發(fā)生重大變化；the operation models, the structure of major business of the target company and its prc subsidiaries has been or will be changed significantly;(c) 目標公司及其中國境內(nèi)子公司的行業(yè)地位或所處行業(yè)的經(jīng)營環(huán)境已經(jīng)或者將發(fā)生重大變化；the industry ranking or the business environment of the target company and its prc subsidiaries has been or will be changed significantly;(d) 乙方在合理的考慮一切情形之后，認為存在對目標公司及其中國境內(nèi)子公司有或可能有顯著不利影響的情形。after taking into the considerations of all the circumstances, party b believes that there exist adverse effects, if any, to the target company and its prc subsidiaries.2.5 甲方向乙方陳述與保證于本協(xié)議簽訂之日以及于交割日(交割日將在最終交易文件中約定)：the party a hereby represents and warrants to the party b as at the date of this agreement and as at the closing date (to be defined in definitive transaction documents) as follows:(a) 目標公司及其中國境內(nèi)子公司是合法成立并存續(xù)的，其股本金已經(jīng)足額實繳，擁有合法的資質(zhì)，并依法進行年檢；the target company and its prc subsidiaries, with legitimate qualifications, have been duly incorporated, validly existing, duly conducted required annual inspections in accordance with the laws and its registered capital have been fully paid; (b) 目標公司及其中國境內(nèi)子公司持有其現(xiàn)有資產(chǎn)以及開展現(xiàn)行業(yè)務(wù)所需的全部執(zhí)照、批文和許可，公司所有權(quán)/存續(xù)的合法性、財務(wù)狀況、盈利、業(yè)務(wù)前景、聲譽或主營業(yè)務(wù)未出現(xiàn)重大不利變化或涉及潛在重大不利變化的任何情況；the target company and its prc subsidiaries possess all the necessary certifications, approvals and permits to hold its current assets and conduct current business; there exists no material adverse effect or other circumstance in relating to the potential material adverse effect on the equity ownership/valid existing, financial situation, profits, business forward- looking, reputations or the major business of the target company and its prc subsidiaries;(c) 目標公司及其中國境內(nèi)子公司除其目前在正常業(yè)務(wù)過程中所從事的業(yè)務(wù)活動外，不進行其它任何業(yè)務(wù)活動，亦不終止或改變目前進行的業(yè)務(wù)活動；except for the business activities conducted within the current due business process, target company and its prc subsidiaries shall not engage in other business activities, or terminate or change the current business activities; (d) 目標公司及其中國境內(nèi)子公司將采取所有合理措施保持及保護其資產(chǎn)，不進行任何單獨或合計500萬元以上的資產(chǎn)轉(zhuǎn)讓。對公司資產(chǎn)轉(zhuǎn)讓的限制應(yīng)當以乙方的書面同意為豁免；the target company and its prc subsidiaries shall take all reasonable measures to maintain and protect its assets and shall not conduct assets transfer with valuation exceeding the amount of rmb5,000,000 individually or collectively. such restriction to the transfer of its assets shall be exempted subject to written confirmation by party b;(e) 目標公司中國境內(nèi)子公司不增加或減少其注冊資本。目標公司不發(fā)行任何股份或其它可以轉(zhuǎn)換成股份或帶有股份認購權(quán)的證券等任何可能導(dǎo)致將來發(fā)行新股或造成乙方在公司的股權(quán)被稀釋的行為，亦不宣布或支付任何股利（無論是期末的還是期中的）或其它分配，重組及上市所需求的股權(quán)架構(gòu)調(diào)整除外；the prc subsidiaries of the targ