Common use of ▇▇▇▇ and ▇▇ Clause in Contracts

▇▇▇▇ and ▇▇. ▇▇▇▇ jointly and severally undertake that, for the period commencing from the date hereof and expiring on: 5.3.1 the date one year from a Qualified IPO; or 5.3.2 such date as the Investors shall hold less than 312,002 Shares, whichever shall occur the latest, they shall not reduce their existing equity interests, whether direct or indirect, in the registered capital (註冊資本) of any PRC Subsidiaries in which they hold equity interests at the date hereof, save for the purpose and only to the extent of the Group Reorganisation, and they shall not, after the Group Reorganisation or during such time as they hold direct or indirect equity interest in the Company, whichever is the earlier, at any time reduce their direct or indirect equity interests in the Company.

▇▇▇▇ and ▇▇. ▇▇▇▇ jointly and severally undertake that, for the period commencing from the date hereof and expiring on: 5.3.1 the date one year from a Qualified IPO; oror S7-10 5.3.2 such date as the Investors shall hold less than 312,002 Shares, whichever shall occur the latest, they shall not reduce their existing equity interests, whether direct or indirect, in the registered capital (註冊資本) of any PRC Subsidiaries in which they hold equity interests at the date hereof, save for the purpose and only to the extent of the Group Reorganisation, and they shall not, after the Group Reorganisation or during such time as they hold direct or indirect equity interest in the Company, whichever is the earlier, at any time reduce their direct or indirect equity interests in the Company.