our Directors confirm that during the Track Record Period and up to the Latest Practicable Date, the products manufactured and sold by our Group complied in all material respects with the applicable product-safety standards and mandatory certification requirements.
Our Directors confirmed that, to their best knowledge, during the Track Record Period and up to the Latest Practicable Date, we had complied with the Two-Invoice System in all material aspects as we (i) had not been deemed to have violated or circumvented any law, regulations, rules or policies in relation to the Two-Invoice System, (ii) had not been disqualified from participating in public tendering processes in any province, (iii) were not subject to any administrative fines or penalties by the competent authorities in relation to the Two-Invoice System, and (iv) had not received any warning or notice from any competent authorities in relation to the compliance of the Two-Invoice System.
As advised by each of our PRC Legal Advisor (with respect to PRC law only), Hong Kong legal advisor (with respect to Hong Kong law only), Japanese legal advisor (with respect to Japanese law only), U.S. legal advisor (with respect to U.S. law only) and German legal advisor (with respect to German law only), during the Track Record Period and up to the Latest Practicable Date, we had complied with the relevant laws and regulations in relation to product liability in all material respects in the PRC, Hong Kong, Japan, the U.S. and Germany (as the case may be).