Shenzhen Zhongdemei Chuangke Management Co., Ltd., hereinafter referred to as the company, was founded on February 10, 2014 with a registered capital of 10 million yuan. Party A subscribed 4 million yuan, which represents 40 percent of equity. Part A is prepared to transfer 20% of the company`s equity part B. Part A and Part B have entered into an equity transfer agreement: 5.11 The securities in this share transfer agreement are included only as a design reference and, in terms of simplicity, they are not part of the share transfer agreement. 1.3 The transfer takes effect with the execution of this share transfer contract and the payment of the amount set out in clause 2. The transfer of own funds can be complex and involve cadastre applications and stamp duty forms. In these circumstances, the transfer of equity generally involves an intermediary practitioner who initiates the formalities. On February 14, 2019, Party A and Jinggangshan Leiyi Venture Capital Partnership (Limited Partnership) signed the 45% capital transfer agreement of YuanTel (Beijing) Investment Management Co., Ltd (hereinafter referred to as “Yuantel Investment”). The investor acquired 45 percent of Yuantel Investment`s equity held by Party A for 83.7 million yuan. The total value of Yuantel Investment in the associated stock exchange transactions is 186 million yuan; Modification This share transfer agreement may be amended and any amendment must be made in writing by both parties.
5.15 This share transfer agreement is binding on both parties due to the conduct of both parties and despite a defect or error in the formality of its execution. .