Laws and regulations related to bidding

Legal subjectivity:

In case of violation of the provisions, specific legal provisions can be referred to: Article 46 of the Bidding Law stipulates that the tenderer and the winning bidder shall conclude a written contract in accordance with the bidding documents and the winning bidder's bidding documents within 30 days from the date of issuance of the bid-winning notice. The tenderer and the winning bidder shall not conclude other agreements that deviate from the substantive contents of the contract. Article 57 of the Regulations for the Implementation of the Bidding Law stipulates that the tenderer and the winning bidder shall sign a written contract in accordance with the provisions of the Bidding Law and these Regulations, and the main terms of the contract, such as the subject matter, price, quality and performance period, shall be consistent with the contents of the bidding documents and the bidding documents of the winning bidder. The tenderer and the winning bidder shall not conclude other agreements that deviate from the substantive contents of the contract.

Legal objectivity:

Article 16 of the Company Law of People's Republic of China (PRC), if a company invests in other enterprises or provides guarantees for others, it shall be decided by the board of directors or the shareholders' meeting in accordance with the provisions of the articles of association; Where the articles of association stipulate limits on the total amount of investment or guarantee and the amount of individual investment or guarantee, it shall not exceed the prescribed limits. Where a company provides a guarantee for the company's shareholders or actual controllers, it must be resolved by the shareholders' meeting or the shareholders' meeting. Shareholders specified in the preceding paragraph or shareholders controlled by actual controllers specified in the preceding paragraph shall not participate in voting on matters specified in the preceding paragraph. The voting shall be passed by more than half of the voting rights held by other shareholders present at the meeting. Article 87 of the People's Republic of China (PRC) Securities Investment Fund Law shall be offered to qualified investors, and the total number of qualified investors shall not exceed 200. The QFII mentioned in the preceding paragraph refers to the units and individuals that have reached the specified asset scale or income level, have the corresponding risk identification ability and risk-taking ability, and their fund share subscription amount is not less than the specified limit. Specific standards for qualified investors shall be formulated by the the State Council Securities Regulatory Authority.