Article 21 the Chinese and foreign parties shall share earnings or products, undertake risks and losses in accordance with the agreements prescribed in the contractual joint venture contract.
2
公司连年亏损,无力继续经营;由于不可抗力,致使合同无法履行。
In case of inability to continue operation due to heavy losses in successive years; or inability to fulfill the Contract as a result of force majeure.
Yang took over as CEO from Bill Amelio, who stepped down at the end of his three-year contract with Lenovo, the company said Thursday, as it also reported a net loss in its fiscal third quarter.