This commitment letter aims to prevent horizontal competition after the transaction. The controlling shareholder, actual controller, and their concerted parties pledge not to engage in competing businesses or hold interests in competing companies. They will also offer business opportunities to Zhongying Technology. This ensures the protection of Zhongying Technology and its minority shareholders' legitimate rights.
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Commitment Letter on Avoiding Horizontal Competition
To prevent horizontal competition after the completion of this transaction and to protect the legitimate rights and interests of Changzhou Zhongying Technology Co., Ltd. ("Zhongying Technology") and its minority shareholders, the enterprise/individual, as the controlling shareholder, actual controller, or a concerted party of the controlling shareholder or actual controller of Zhongying Technology, hereby makes the following commitments:
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