Please note that as a 100% locally-owned company, the local shareholders will technically have control over the New Company; especially where the law requires special resolutions to be passed in shareholders' meetings (for example, amendment of the company's Articles of Association and Contract of Incorporation, increasing or reducing the company's registered capital, mergers or dissolution of the company, sale or transfer of all the business or a substantial part of the company to another person and purchase or acquisition of the business of another entity). In this regard, the special resolution requires the votes of shareholders and proxies of at least two-thirds of those in attendance at the meeting and being the shares of at least eighty percent of the total paid-up shares to be effective.