Term & Conditions

Re: Affiliates of Chen Zhenglei Taijiquan Federation

Chen Zhenglei Taijiquan Federation (referred to as Federation in this document) is an incorporated private company. We have developed an on-line platform that allows the Federation affiliates to post, distribute and broadcast Taijiquan related electronic products including text documents, audio/videos, live-streaming seminars and more on the platform. The Federation also has affiliates as subsidiary branches to run as local chapters.

The platform is open to the whole world in multiple languages such as Chinese, English, Italian, French, Spanish and more. Platform visitors are from all over the world and of all backgrounds. This platform is the first of its kind in providing the most complete line of products in Taijiquan education.

The Federation is open to all Taijiquan practitioners, Taijiquan promotion personnel and organizations without discrimination. Any individual and/or institute can apply to become an affiliate provided he/she/it will follow the terms and conditions stated in this document. The affiliate must adhere to the rules of the Federation and carry on business according to the guidelines of the Federation. The rules and guidelines are drafted by the executive committee of the Federation and voted to become official by the shareholders of the Federation. Major changes to the rules and guidelines must be voted to pass by the shareholders of the company to take effect. Affiliate holding 100 shares will have 1 vote at the shareholders general meeting. The total shares issued by the Federation is 10,000 by the 18th January 2019.

There are three types of Federation affiliates: Instructor Club, Live-Stream Studio and Subsidiary Branch; and there is an option for an individual to join the Executive Committee.

Instructor Club (£2080) – click the logo to buy

One-Time Activation Fee: £2080 (includes first year’s Instructor Membership)
Instructor Membership: £280 / Year

First 10 Early Birds discount of £1,000

Applies to both Instructor Clubs and Live Streaming Studios!
Please add the product to the basket first then click View Card. Once on the Basket page enter the Coupon Code: 008_2019 in the coupon field. Please click Apply coupon. Once you see the updated discount price, proceed to the Check out page.

This online instructor club is open to any Tai Chi instructors of all styles in the world. This is a one-off investment payment. Your online club will be hosted on the Federation’s proprietary platform. It will provide you full access to your own pages on the instructor club section with video library facilities. All pages are under your own control and you are responsible for everything listed on your pages. Upon activation, your FTP account and the web pages will be made available to you. The system is simple to use and manage, with no website building skills required. However, training and technical advice are available if needed.

Your instructor membership gives you the same access privilege as a gold member. You can invite your friends, family and students to watch the online seminars and lessons with you together. You are entitled to purchase up to 25 shares of 10,000 shares issued by Chen Zhenglei Ltd. at the current price subject to availability. For availability and price of shares, please contact the company directly. Dividends are distributed yearly

A unique coupon code will be issued to you for promotion and sales of online membership. Any membership excluding instructor membership sold with your coupon code will receive 10% discount. You will receive 60% commission after the discount is deducted. You can track the usage of your coupon code online at any time. Commissions will be accumulated and you will be paid every quarter.

The full set of instructor club includes:
1. Entrance page: Host all of your promotional materials and is free to everybody to access.
2. More information page: This is a text and picture based information page to host anything related to your club.
3. Platform Membership page: £18 per year, content is up to your own define.
4. Bronze Membership page: £15 per month, content is up to your own define.
5. Silver Membership page: £25 per month, content is up to your own define.
6. Gold Membership page: £55 per month, content is up to your own define.

7. FTP web storge space: 100 G in total and upgrade is available to purchase.
8. Bandwith for people to view the videos: 100G per month.

Live Stream Studio (£5980) – click the logo to buy

One-Time Activation Fee: £5980 (includes first year’s License Fee)
Annual License Fee and usage charge of the system: £880 / Year

First 5 Early Birds discount of £1,000

Applies to both Instructor Clubs and Live Streaming Studios!
Please add the product to the basket first then click View Card. Once on the Basket page enter the Coupon Code: 008_2019 in the coupon field. Please click Apply coupon. Once you see the updated discount price proceed to the Check out page.

Live-Stream Studios are only available to qualified instructors and/or organizations who have calibrating relations with Grandmaster Chen Zhenglei. In addition to their web pages and online video libraries, Live-Stream Studios have live broadcasting channels and can host face to face sessions and live streaming online seminars. You are entitled to use the name of Affiliate of Chen Zhenglei Taijiquan Federation and the Federation’s logo at your premises and on your promotional materials.

This is a one-off investment to set up your own Live-Stream Studio hosted on the Federation’s proprietary platform. Upon activation, your FTP account, web site pages as well as your 3 broadcasting channels will be made available to you. You have full access to your own pages, video library and live broadcasting channels. All pages are under your own control and you are responsible for everything listed on your pages. A pre-configured equipment package for running face to face sessions and live broadcasting will be shipped to you. The equipment will be sent free of charge within 2-6 weeks. The system is simple to use and manage, with no website building skills required. However, training and technical advice are available if needed.

The equipment package includes:
1. Desktop Tower system with 1T SSD hard disk and 4T Data disk, 16G memory, i7 process, Gforce
1070 Graphics card (monitor, mouse, speakers and keyboard are not included)
2. VMix software and one license for Broadcasting
3. Pre-built Windows 10 operating system
4. AnyDesk Program for remote access and assistance
5. One Logitech C920 Web HD camera
6. One Conference microphone
7. Three live streaming channels with total Bandwidth of 100G per month
8. One FTP account with 250G storage on the Server for your video library
9. Six pages are pre-configured on the platform for Own Index, Platform member, Bronze
Member, Silver member, Gold member and own Information page.

Each Live-Stream Studio can access the Federation’s platform as a gold member. You can invite your friends, family and students to watch the online seminars and lessons with you together.

Each Live-Stream Studio is entitled to purchase up to 50 shares of 10,000 shares issued by Chen Zhenglei Ltd. at the current price subject to availability. For availability and price of shares, please contact the company directly. Dividends are distributed yearly.

A unique coupon code will be issued to you for promotion and sales of online membership. Any membership excluding instructor membership sold with your coupon code will receive 10% discount. You will receive 70% commission after the discount is deducted. You can track the usage of your coupon code online at any time. Commissions will be accumulated and you will be paid every quarter.

You will receive additional commissions on face to face online weekend seminars you host for the Federation. Details of hosting Federation seminars will be negotiated individually between the Federation and the Live-Stream Studio.

Subsidiary Branch – Approval is required

One-Time Activation: Purchase of 100 shares at current price. The 100 shares contain only 1 voting right.
Annual License Fee: £1500 (This fee is to be reviewed every two (2) years with no more than 30% increase within £2500.)

Subsidiary branch of Chen Zhenglei Taijiquan Federation are local organizations operating under the name of Affiliate of Chen Zhenglei Taijiquan Federation. There is no geographical territory exclusiveness to set up a subsidiary branch under the Chen Zhenglei Taijiquan Federation. Multiple branches can be established within any geographical regions.

The subsidiary branch is authorized to run seminars, classes, workshops, internet sites in the Federation’s name and they can use the Federation’s logo for promotional purposes. The subsidiary branch will have full rights to make decisions on matters regarding its own members and associated schools. The subsidiary branch will have full power of decision making on internal statutory management including financial management. The subsidiary branch can build, manage and organize a sporting team for international competitions in the name of Affiliate of Chen Zhenglei Taijiquan Federation.

Each subsidiary branch will receive 100 platform memberships free of charge. The 100 platform memberships will be renewed free of charge annually.

Upon activation, the subsidiary branch will be added to the Federation’s main website as a recognized corporation branch. A dedicated web pages with detailed information about the branch will be created. The format will be same as instructor club which consist of 6 pages. The subsidiary branch is also entitle to host a live streaming studio at free of charge provide all facilities are sorted out by themselves. The terms and conditions are same as Live Streaming Studio as above.

The members and/or associated schools under the branch can sign up as the Federation’s Instructor Clubs and/or Live-Stream Studios. A 20% commission on the activation fee after any discount will be paid to the branch.

A unique coupon code will be issued to the Branch Federation for promotion and sales of online membership. Any membership excluding Federation’s Instructor Clubs and/or Live-Stream Studios sold with your coupon code will receive 10% discount. You will receive 70% commission after the discount is deducted. You can track the usage of your coupon code online at any time. Commissions will be accumulated and you will be paid every quarter.

Individual person as Executive Committee Member – Approval is required

One-Time payment: Purchase of 100 shares at current price. The 100 shares contain only 1 voting right. You will be on the Federation’s Executive Committee.

In order to promote the Chen Zhenglei Taijiquan Federation worldwide we welcome new people to join our leadership team. This option is open to those who can commit to the Federation’s work as an Executive Committee member on a volunteer basis. Committee members are entitled to participate in “bonus profit sharing” – details to follow. As a shareholder you will receive the company dividend annually. Plus all instructor club and live_stream studio facilities are all provided at free of charge upon request.

A unique coupon code will be issued to you for promotion and sales of online membership. Any membership excluding instructor membership sold with your coupon code will receive 10% discount. You will receive 70% commission after the discount is deducted. You can track the usage of your coupon code online at any time. Commissions will be accumulated and you will be paid every quarter.

Please send your request to Master Liming Yue to initiate the application process. Your application will be submitted for approval at the company executive committee board meeting.

Reseller

We are looking for instructors and organizations to work with us to promote our online teaching platform as reseller.

Benefits:
As a reseller you are entitled to purchase up to 25 shares of 10,000 shares issued by Chen Zhenglei Ltd. at the current price subject to availability and receive commission from reselling of memberships. For availability and price of shares, please contact the company directly. Dividends are distributed yearly.

How does it work?
A unique coupon code will be issued to you for promotion and sales of online membership. Any membership excluding instructor membership sold with your coupon code will receive 10% discount. You will receive 30% commission after the discount is deducted. You can track the usage of your coupon code online at any time. Commissions will be accumulated and you will be paid every quarter.

Terms and conditions:
All resellers should sign up a paid member first and we will start to pay your commission once you reached the minimum of recruiting 10 paid members for our web site.

Current Shares, Price and Dividends:

The total amount of shares issued by the Federation is 10,000. 9,000 shares will be kept by the founding shareholders of Chen Zhenglei Ltd.; and 1,000 shares are made available for the Instructor Clubs, Live-stream Studios, Subsidiary Branches and new Individual Committee Members to purchase.

The current share price has been set at £128 per share at the current Executive Committee Board Member meeting on 18th February 2019 and the price is valid until 31st May 2019 subject to availability. The total of 1,000 shares are contributed by the founding shareholders; therefore proceeds from the 1,000 shares belong to the founding shareholders. It will be distributed to the founding shareholders after clearing all debts. All other profit will be treated as company income and will be distributed to all shareholders including the new shareholders of the 1,000 shares.

Definition of profits for dividends:

Part 1: 20% for distribution as “bonus profit sharing” to the non-salaried working staffs as Volunteer, Executive Committee Board members, Website developers and instructors on the online platform. The details of distribution will be outlined later.

Part 2: 40% to be shared with the Chinese Company. There are two profit streams for the Federation – the UK Company and the Chinese Company. The two Companies are two branches running under the same umbrella: Chen Zhenglei Taijiquan Federation. These two companies are operated separately but share profit and resources with each other to ensure stability. 40% of profit from one branch will be shared to the other. By sharing 40% to each other, the Federation can weather the market’s ups and downs better. China being the largest market in the world, we expect to grow the Chinese market exponentially in the near future.

Part 3: 40% plus 40% from the Chinese Branch will be distributed to the UK company shareholders. The distribution details will be clearly listed on the company confirmation statement every year.

The company Executive Committee Board members will make decisions on the distribution of dividends at the annual general meeting.

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