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Secondly, the Complainants registered with the administration of trade and commerce the equity modifications and appointed directors on the board of administrators of the Subject Company as agreed, having really participated within the Subject Company’s operations. Moreover, they exercised the proper to information of the Subject Company by acquiring such monetary data because the Audit Report. Even if the fact that Qin Hui is denied access to the securities market is disregarded, because the Subject Company has been listed as a defaulter without credit and SMI Shengdian and SMI International have their equities within the Subject Company frozen a number of instances, it’s particular that the Subject Company is unlikely to get listed inside the stipulated time frame. As the Audit Report gave a true and fair view of the Subject Company and the securities market entry ban on Qin Hui remains unrevoked, the circumstances for fairness repurchase agreed upon in the Supplemental Agreement have been satisfied. As the Complainants have actively carried out their rights as shareholders of the Subject Company, the deal manifested the traits of an equity trading. The Complainants instituted the present arbitration pursuant to Article 14 of the three Capital Increase Agreements signed by and between the Complainants and SMI Shengdian, SMI International and the Fourth Respondent, in addition to Article 14 of the Supplemental Agreement signed by and between the Complainants and SMI Shengdian and Qin Hu