Business Entrustment Agreement

On 8 april, 2021

Nanjing Xibai entered into a shareholder rights pact with our cpp trading companies and the shareholders concerned (the ”shareholder rights agreement”) on 30 December 2014 under which the shareholders irrevocably authorized Nanjing Xibai to exercise the rights of their shareholders over our contractual entities in the CPP, including participation in shareholder meetings and the exercise of voting rights and dividends. Nanjing Xibai has the right to exercise the rights of shareholders without consultation or obtaining the consent of the shareholders concerned. In addition, Nanjing Xibai has the right to allow others to exercise their shareholder rights within the scope approved by the shareholders concerned. In accordance with Section 15-14-105, In Colorado, thestatuens are revised, including, but not limited, to those listed below, and grant this general power over the student`s affairs and affairs. The dispute between Fuzhou Tiance Industrial Co Ltd and Fujian Weijie Investment Co Ltd and the dispute over the transfer of capital from Yang Jinguo to Lin Jinkun, which were tried by the Supreme Court in 2017, are among the related cases. We can therefore see the following facts: (1) The participation contract may be inoperative, even if it is contrary only to the department`s rules or other non-binding legal provisions; (2) the risk of financial security and public interest participation agreements being invalidated is significantly increased; and (3) The publicly traded company must strengthen in advance the clearing and standardization of the participation relationship. Jiangxi Kenongwo Technology Co., Ltd. (hereafter referred to as ”company”) is a corporation incorporated and in existence in accordance with the laws of the People`s Republic of China. By decision of the general meeting of shareholders, Part A decides that Part B becomes a shareholder of Party A and holds the shares in Part A, and Part C and Part D hold the above shares on behalf of Part B. With regard to the principles of volunteerism, equality, fairness and good faith, Party A, Party B, Party C and Party D agreed: in the five years 2014 to 2018, the total number of disputes related to participation in China reached 3,891, showing a general upward trend.

Looking at 2018 as an appeal period, the total number of participation disputes, settled by the courts at all levels in China, was 1,329, of which 638 were business-related litigation. With regard to corporate-related participation disputes, confirmation of shareholder qualifications and the transfer of equity were the two main problems, accounting for 38% and 39% of cases respectively. The allocation of equity is clearly positive for the optimization of resource allocation, which helps investors achieve their investment objectives, enables companies to obtain financial support for development, boost management efficiency and protect the privacy of investors. However, participation is also characterized by challenges for characters that rely on shareholders of limited liability companies. Secondly, with regard to the determination of a shareholder`s characterization on the principle of privity, when the effective investor and the shareholder sign the participation agreement, they can certainly agree on the rights and obligations of both parties, such as .B agreement on the date and method of distribution of dividends, the exercise of voting rights, etc.

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