English-Chinese translation of contracts

In addition, if the other party initiates or initiates bankruptcy, insolvency or reorganization procedures or other procedures with similar nature or effect against the other party, the other party is dissolved or liquidated, whether voluntarily or involuntarily, all or most of the assets of the other party are designated as receivers or trustees, or the other party transfers for the benefit of its creditors, the other party may also cancel this Agreement by notifying the other party.

Hello, the answer is:

In addition, either party may cancel this agreement and notify the other party. If bankruptcy, bankruptcy or reorganization proceedings or other proceedings of similar nature or influence are initiated by or against the other party, and the other party initiates dissolution or liquidation, whether voluntarily or involuntarily, the receiver or trustee designates all or most of the other party's property to distribute the interests of its creditors.