(2) If the transferee is combined, the Equity Transaction Contract shall explicitly state the acquisition proportion and price of the transferees;
(3) The equity transaction involves the principal qualification review and the anti-trust review. If the transferee’s qualification shall be approved by the relevant authority, the parties shall submit the Equity Transaction Contract and the relevant materials to the relevant authority for approval;
(4) If the equity transfer involves changes of the ownership of the state-owned equity, the relevant review and approval shall be obtained in accordance with the relevant provision after confirming the content of the Equity Transaction Contract.

