4.5 The transfer of the Transferred Equity shall have been approved by the examination and approval authority and registered with the local administration of industry and commerce. 协议股权的转让已经得到原审批机关的批准，并在当地工商行政管理局办理了变更登记。
5 Representations and Warranties陈述与保证
5.1 Representations and Warranties of the Transferors转让方的陈述与保证
5.1.1 Each Transferor is a legal entity duly established and validly existing under the laws of the place of its incorporation;
各转让方均为根据其成立地的法律合法成立并有效存续的法人；
5.1.2 Each Transferor possesses full power and authority to enter into and to perform its obligations hereunder, and its representative has obtained necessary authorization to execute this Agreement;
各转让方均拥有签署本协议并履行本协议的全部权力和授权，其签署本协议的授权代表已获得必要授权；
5.1.3 The execution and implementation of this Agreement does not violate any laws or regulations which are applicable to the Transferors, or any material contracts or agreements in which either Transferor is one of the Parties, or any material contracts or agreements which are binding upon either Transferor’s properties;
本协议的签署及履行不违反各转让方的公司章程或适用的法律、法规，或转让方作为当事一方的任何重大合同或协议，或对其财产具有约束力的任何重大合同或协议；
5.1.3 There is no existing or potential suit, arbitration or preliminary hearing affecting the execution of this Agreement or either Transferor’s ability to perform this Agreement;
各转让方无针对其已有或潜在诉讼、仲裁或调查会在任何方面影响其签署本协议及影响履行其在本协议项下义务的能力；
5.1.4 All the representations and warranties made by the Transferors are true, authentic and complete on the date of execution of this Agreement. Each Transferor acknowledges that all the representations and warranties shall be true, authentic and complete until the Closing.
各转让方在本协议中所做的声明和保证在本协议签署之日均为真实、准确和完整，各转让方保证该等声明和保证至协议股权交割日时亦为真实、准确和完整；
5.1.5 The Transferred Equity is legally owned by the Transferors. As of the date of execution of this Agreement, the Transferred Equity, free from and clear of any pledge, encumbrance or freeze due to judicial judgment or administrative adjudication, can be legitimately transferred to the Transferee in accordance with the PRC laws.
各转让方向受让方转让的协议股权为其依法所有，截止本协议签署之日，协议股权未曾被设定任何质押或其他第三方权益，也未因司法、行政裁决被予以冻结，依据中国法律可以合法地转让给受让方；
5.1.6 Each Transferor is not aware of any circumstance or legal obstacle which may lead to the liquidation, termination or non-existence of the Company.
各转让方不知悉任何可能导致公司清算、终止或不能存续的情形或法律障碍；
5.1.7 The Transferors shall assist the Transferee in promoting the Company to approve the transfer of the Transferred Equity in accordance with the articles of association of the Company and in the preparation of all the documents relating to the transactions contemplated under this Agreement. 各转让方将协助受让方促成公司根据公司章程的规定批准本次股权转让，准备与本协议筹划的交易相关的全部文件；
5.1.8 The Transferors shall not sell all or a portion of the Transferred Equity to any third party or set any third party interest in any form from the execution of this Agreement to the registration of the Transferred Equity with the local administration of industry and commerce.
本协议签署后至完成协议股权工商变更登记期间，各转让方不会将协议股权全部或部分让予任何第三方，或以任何形式在协议股权上设定任何第三方权益。
5.2 Representations and Warranties of the Transferee 受让方的陈述与保证
5.2.1 The Transferee is a legal entity duly established and validly existing under the laws of Hong Kong;
受让方是根据香港法律合法成立并有效存续的法人；
5.2.2 The Transferee possesses full power and authority to enter into and to perform its obligations hereunder, and its representative has obtained necessary authorization to execute this Agreement.
This Agreement constitutes a valid and binding agreement of the Transferee, enforceable against it in accordance with its terms;
受让方拥有签署本协议并履行本协议的全部权力和授权，其签署本协议的授权代表已获得受让方的必要授权。本协议构成对受让方合法、有约束力的协议，对受让方具有强制执行力；
5.2.3 The implementation of this Agreement does not violate any applicable laws and regulations or any material contracts or agreements in which the Transferee is a party or which is binding on the properties of the Transferee;
本协议的签署及履行不违反受让方的公司章程或任何其适用的法律、法规，或受让方作为当事一方的任何重大合同或协议，或对其财产具有约束力的任何重大合同或协议;
5.2.4 There is no existing or potential suit, arbitration or preliminary hearing affecting the execution of this Agreement or the Transferee’s ability to perform this Agreement；
受让方无针对其的已有或潜在诉讼、仲裁、程序或调查会在任何方面影响其签署本协议及影响履行其在本协议下义务的能力；
5.2.5 All the representations and warranties of the Transferee are true, authentic and complete on the date of execution of this Agreement. The Transferee acknowledges that all the representations and warranties shall be true, authentic and complete until the Closing；
受让方在本协议中所做的声明和保证在本协议签署之日均为真实、准确和完整，受让方保证该等声明和保证至协议股权交割日时亦为真实、准确和完整；
5.2.6 The Transferee has conducted its own due diligence investigation of the Company and the Transferred Equity and is fully capable of bearing the economic risks of its investment. 受让方已对公司及协议股权进行了尽职调查，完全有能力承担投资的经济风险。
6 Rights and Obligations权利和义务
6.1 Rights and Obligations of the Transferors转让方的权利和义务
6.1.1 Each Transferor has the right to request the Transferee to pay the Transfer Price on time according to the provisions of this Agreement;
各转让方有权要求受让方根据本协议的规定按时向转让方支付转让价款；
6.1.2 Each Transferor shall promptly promote the board of the directors of the Company to approve the equity transfer pursuant to the current articles of association of the Company after execution of this Agreement;
各转让方应在本协议签署后尽快促使公司董事会依据现公司章程的规定通过本次协议股权的转让；