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Our franchisees are required to comply with our standardized working procedures and necessities for the franchise stores. However, we could not have the power to successfully monitor the operations of those stores as our franchisees might deviate from our standards and necessities. Moreover, we do not control the actions of their workers, together with their salespersons. As a result, the quality of franchise stores operations could additionally be adversely affected by any number of factors beyond our management.

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However, underneath the current contractual arrangements, we rely on the performance by our VIE and its shareholders of their obligations underneath the contracts to train management over our VIE. The shareholders of our consolidated VIE might not act in one of the best pursuits of our company or might not carry out their obligations underneath these contracts. If we had direct possession of our VIE, we might be in a position to train our rights as a shareholder to impact adjustments in the board of administrators of our VIE, which in flip may implement modifications, subject to any relevant fiduciary obligations, on the management and operational stage. When A lawyer immigration Ought To Hire A LawyerWhen A Lawyer Ought To Hire A Lawyerwhen a lawyer ought to rent a lawyerMiluo law firmMiluo law firm turkish citizenship by investment Firm

Although we took every precaution available to effectively implement the contractual and company relationship above, these contractual arrangements should still be much less efficient than direct possession and that the Company might incur substantial prices to enforce the terms of the preparations. For instance, our VIE and its shareholders may breach their contractual preparations with us by, among other issues, failing to conduct their operations in an acceptable manner or lawyer immigration taking different actions that are detrimental to our pursuits.

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