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Also in our opinion, the Company maintained, in all materials respects, effective internal control over monetary reporting as of December 31, 2021, primarily based on criteria established in Internal Control – Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission. On July 9, 2020, the Company received the second fee of RMB 119 million (approximately $19 million) under the Repurchase Agreemen On May 22, 2020, the Company obtained the first fee of RMB 244 million (approximately $38 million) under the Repurchase Agreement. In addition, if Zhejiang Kandi Technologies achieves sure milestones that contribute to native economic growth, the Company shall be eligible for tax rebates that might total up to RMB 500 million ($79 million) over the next eight years. Payments to Zhejiang Kandi Technologies shall be made in three installments as the Company disclosed in a Current Report on Form 8-K filed with the SEC on March 9, 2020.

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Ren stated he had been attempting to represent his shopper however was denied entry by authorities. «Since the so-called ‘709 crackdown’ started on July 9, 2015, the occupation of human rights lawyer has been successfully criminalized in China,» said Mary Lawlor, U.N. One of the variations law firm staying permit firm istanbul between the Hong Kong and Chinese authorized systems has been that people in Hong Kong select their lawyer turkish citizenship by investment, however in China, legal professionals are assigned to shoppers, particularly in politically sensitive circumstance

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But in some cases, the affect of those native power-holders does not lengthen to media from different provinces or to national media. Ren had been conducting investigations with three different individuals for 2 days in Jiangshui township, where some residents have been accusing the local authorities of embezzlement, pressured eviction, and official collusion with businessme

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