In the case that debtor cannot fulfill its obligation when the performance period expires, the pledgee has the right to be entitled to realize its equity pledge by paying the creditor firstly.

当债务履行期届满债务人不能履行债务时，质权人有权实现其股权质权，以实现对债权的优先清偿。

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In the case that debtor cannot fulfill its obligation when the performance period expires, the pledgee has the right to be entitled to realize its equity pledge by paying the creditor firstly.

当债务履行期届满债务人不能履行债务时，质权人有权实现其股权质权，以实现对债权的优先清偿。

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