Ann: Agreement to Develop Wireless Network in Beijing, page-21

Admittedly I don't like this structure too, but even Alibaba has the same structure

Taken from pg11 of the PDS

Historically, due to past Chinese restrictions on foreign ownership within the industry sector of the WONHE Business, Shengshihe controlled the WONHE Business through VIE Agreements with a Variable Interest Entity, Shenzhen WONHE. Shenzhen WONHE is legal owner of the WONHE Business assets. Through these contractual arrangements, Shengshihe assumed operational control of Shenzhen WONHE,. In addition, through these contractual arrangements, Shengshihe was entitled to 95% of the net income generated by the WONHE Business, plus an additional payment of RMB50,000 per month.

http://www.reuters.com/article/us-china-tech-idUSKBN0OZ13Q20150619