OBS_VALUE: When a foreign investor merges a domestic company by equity merger, the equity of the domestic and overseas companies involved in the merger shall satisfy the following conditions: (1) the equity is lawfully held by shareholders and may be assigned according to law; (2) the equity is free from any dispute over ownership, any pledge or any other property encumbrance; (3) the equity of the overseas company shall be listed on an overseas open and lawful securities exchange market (excluding any over-the-market counter exchange) for transaction; (4) the transaction price of the overseas company’s equity is stable in the latest one year