Legal analysis: It has no legal effect. The agreement needs to be signed, stamped or fingerprinted by all parties involved before it can be established.

Legal basis: "The People's Republic of China and the Civil Code"

Article 469 The parties may conclude a contract in written form, oral form or other forms.

Written form is a contract, letter, telegram, telex, fax, etc. that can tangibly express the content contained therein.

Data messages that can tangibly express the content through electronic data exchange, email, etc., and can be retrieved at any time, are deemed to be in written form.

Article 490: If the parties conclude a contract in the form of a contract, the contract shall be established when both parties sign, seal or fingerprint. Before signing, sealing or fingerprinting, one party has performed its main obligations and the contract is established when the other party accepts it.

Laws and administrative regulations or the parties agree that a contract should be concluded in writing. If the parties do not do so in writing but one party has performed its main obligations and the other party accepts it, the contract is established.