Shareholder Financial Support Undertaking by Jasper Lake Holdings Limited for Yangtze River Development Limited (2015)
Mr. Liu Xiangyao, as director and sole shareholder of Jasper Lake Holdings Limited (the major shareholder of Yangtze River Development Limited), commits to provide financial support to Yangtze River Development Limited to ensure it can meet its liabilities as they become due. This undertaking is made in response to the company's lack of working capital as of December 31, 2015, and is intended to support the company's continued operation.
Exhibit 10.21
| To | : | Dominic K.F. Chan & Co. |
| Certified Public Accountants (Practising) | ||
| Date | : | January 29, 2016 |
| Re : | Yangtze River Development Limited (the Company) |
For the financial year ended December 31, 2015
Shareholder’s Financial Undertakings
In view of the lack of working capital or cash as at December 31, 2015 for future operating needs of the Company, continuance in business as a going concern is dependent upon the continuing financial support of its shareholders.
I, the undersigned, being the director and sole shareholder of Jasper Lake Holdings Limited, the major shareholder of the Company hereby confirmed that I shall provide such financial supporting to the Company to meet its liabilities when they fall due.
Signed by :
| /s/ Liu Xiangyao | |
| Mr Liu Xiangyao | |
