EX-4.28




 Exhibit 4.28 

SHARE PURCHASE AGREEMENT 

Dated January 19, 2022 

by and between 
 AMTD
INTERNATIONAL INC. 
 and 

AMTD GROUP COMPANY LIMITED 
  











 TABLE OF CONTENTS 

 

							
	 1.  DEFINITIONS
	  	 	1	 
	 2.  THE TRANSACTION
	  	 	5	 
	 3.  CLOSING; CLOSING DELIVERIES
	  	 	6	 
	 3.1
	  	Closing	  	 	6	 
	 3.2
	  	Deliveries by the Buyer at the Closing	  	 	6	 
	 3.3
	  	Deliveries by the Selling Shareholder at the Closing	  	 	6	 
	 3.4
	  	Conditions to the Obligation of the Buyer to Effect the Closing	  	 	6	 
	 3.5
	  	Conditions to the Obligation of the Selling Shareholder to Effect the Closing	  	 	7	 
	 4.  REPRESENTATIONS AND WARRANTIES OF THE BUYER
	  	 	7	 
	 4.1
	  	Due Formation; Qualification	  	 	7	 
	 4.2
	  	Authorization; Enforceability	  	 	7	 
	 4.3
	  	Due Issuance	  	 	7	 
	 4.4
	  	Non-Contravention	  	 	8	 
	 4.5
	  	SEC Matters; Financial Statements	  	 	8	 
	 4.6
	  	No Registration	  	 	8	 
	 4.7
	  	Brokers	  	 	8	 
	 4.8
	  	No Other Representations and Warranties	  	 	9	 
	 5.  REPRESENTATIONS AND WARRANTIES OF THE SELLING SHAREHOLDER
	  	 	9	 
	 5.1
	  	Due Formation; Qualification	  	 	9	 
	 5.2
	  	Authorization; Enforceability	  	 	9	 
	 5.3
	  	Valid Title	  	 	9	 
	 5.4
	  	Capitalization	  	 	9	 
	 5.5
	  	Non-Contravention	  	 	9	 
	 5.6
	  	Consents and Approvals	  	 	10	 
	 5.7
	  	No Litigation	  	 	10	 
	 5.8
	  	Business of Company Entities	  	 	10	 
	 5.9
	  	Company Financial Statements	  	 	10	 
	 5.10
	  	Company Contracts	  	 	10	 
	 5.11
	  	Employees	  	 	10	 
	 5.12
	  	Compliance with Law	  	 	11	 
	 5.13
	  	Tax Filings	  	 	11	 
	 5.14
	  	Solvency	  	 	11	 
	 5.15
	  	Anti-Corruption Compliance	  	 	11	 
	 5.16
	  	Brokers	  	 	12	 
	 5.17
	  	Status; Purchase for Own Account	  	 	12	 
	 5.18
	  	Solicitation	  	 	12	 
	 5.19
	  	Restricted Securities	  	 	12	 
	 5.20
	  	No Other Representations and Warranties	  	 	13	 
	 6.  COVENANTS; ADDITIONAL AGREEMENTS
	  	 	13	 
	 6.1
	  	Further Assurances	  	 	13	 
	 6.2
	  	Conduct of Business	  	 	13	 


  
 i 













							
	 6.3
	  	Taxes	  	 	13	 
	 6.4
	  	Release	  	 	13	 
	 6.5
	  	Confidentiality	  	 	13	 
	 7.  TERMINATION
	  	 	14	 
	 7.1
	  	Termination	  	 	14	 
	 7.2
	  	Effects of Termination	  	 	15	 
	 8.  INDEMNITY
	  	 	15	 
	 8.1
	  	Survival	  	 	15	 
	 8.2
	  	Indemnification	  	 	15	 
	 8.3
	  	Reliance	  	 	16	 
	 9.  MISCELLANEOUS
	  	 	16	 
	 9.1
	  	Governing Law	  	 	16	 
	 9.2
	  	Successors and Assigns	  	 	16	 
	 9.3
	  	Entire Agreement	  	 	16	 
	 9.4
	  	Notices	  	 	17	 
	 9.5
	  	Amendments	  	 	17	 
	 9.6
	  	Specific Performance	  	 	17	 
	 9.7
	  	Fees and Expenses	  	 	17	 
	 9.8
	  	Delays or Omissions; Waivers	  	 	17	 
	 9.9
	  	Interpretation	  	 	17	 
	 9.10
	  	Counterparts	  	 	18	 
	 9.11
	  	Severability	  	 	18	 
	 9.12
	  	Dispute Resolution	  	 	18	 
	 Form of Instrument of Transfer
	  	 	A-1	 


  
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 SHARE PURCHASE AGREEMENT 

THIS SHARE PURCHASE AGREEMENT (this “Agreement”) is entered into on January 19, 2022 by and between AMTD International
Inc., an exempted company incorporated under the laws of the Cayman Islands (the “Buyer”) and AMTD Group Company Limited, an exempted company incorporated under the laws of the British Virgin Islands (the “Selling
Shareholder” and, together with the Buyer, the “Parties”). 
 RECITALS 

WHEREAS, the Selling Shareholder holds 19,892,000 Class B ordinary shares of US$0.0001 par value each (the “Sale Shares”)
in AMTD Digital Inc., an exempted company incorporated under the laws of the Cayman Islands (the “Company”); 
 WHEREAS,
the Selling Shareholder desires to sell and transfer to the Buyer, and the Buyer desires to purchase and accept from the Selling Shareholder, upon the terms and subject to the conditions set forth in this Agreement, the Sale Shares held by the
Selling Shareholder; 
 WHEREAS, as consideration for the Sale Shares, the Buyer desires to issue to the Selling Shareholder, and the
Selling Shareholder desires to subscribe for, upon the terms and subject to the conditions set forth in this Agreement, 42,126,215 Class B ordinary shares of US$0.0001 par value each in the Buyer (the “Subscription
Shares”); and 
 WHEREAS, the Parties desire to enter into this Agreement and make the respective representations,
warranties, covenants and agreements set forth herein on the terms and subject to the conditions set forth herein. 
 AGREEMENT 

NOW, THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby agree as follows: 
  

	1.	 DEFINITIONS 



In this Agreement, unless the context otherwise requires, the following words and expressions have the meanings as follows: 

“Affiliate” means, (i) with respect to a Person that is a natural person, such Person’s relatives and any other
Person (other than natural persons) directly or indirectly Controlled by such Person, and (ii) with respect to a Person that is not a natural person, a Person that directly, or indirectly through one or more intermediaries, Controls, or is
Controlled by, or is under common Control with, such Person. For the purposes of this definition, a “relative” of a Person means such Person’s spouse, parent, grandparent, child, grandchild, sibling, uncle, aunt, nephew, niece or
great-grandparent or the spouse of such Person’s child, grandchild, sibling, uncle, aunt, nephew or niece. 

  

					
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 “Agreement” has the meaning set forth in the preamble. 

“Arbitration Notice” has the meaning set forth in Section 9.12. 

“Authorization” has the meaning set forth in Section 5.6. 

“Business Day” means a day (other than a Saturday or a Sunday) that the banks in New York, Hong Kong, the PRC, or the Cayman
Islands are generally open for business. 
 “Buyer” has the meaning set forth in the preamble. 

“Buyer Group” or “Buyer Group Companies” means, collectively, the Buyer and its Affiliates, and each an
“Buyer Group Company.” 
 “Buyer Indemnitee” has the meaning set forth in
Section 8.2(b). 
 “Buyer Material Adverse Effect” means any event, fact, circumstance or
occurrence that, individually or in the aggregate, results in or would result in a material adverse change in or a material adverse effect on (a) the financial condition, assets, liabilities or results of operations of the Buyer or (b) the
ability of any Buyer Group Company to consummate the transactions contemplated by this Agreement; provided that in determining whether a Buyer Material Adverse Effect has occurred, there shall be excluded any effect on any Buyer Group Company
to the extent relating to or arising in connection with (i) any action required to be taken pursuant to the terms and conditions of this Agreement, (ii) changes or effects affecting the industry in which the Buyer operates or the economy
or financial, credit or securities markets or political conditions generally (to the extent that in each case such changes do not have a unique or disproportionate impact on the Buyer); (iii) the announcement or consummation of the transactions
contemplated by this Agreement; (iv) any change in IFRS or in Law or accounting standards or interpretations thereof applicable to the Buyer; (v) any change resulting from any action by the Buyer or any of its Affiliates taken at the
written request of the Selling Shareholder; or (vi) acts of God. 
 “Closing” has the meaning set forth in
Section 3.1. 
 “Closing Date” has the meaning set forth in
Section 3.1. 
 “Company” has the meaning set forth in the recitals. 

“Company Contract” means, a contract, agreement, indenture, note, bond, loan, instrument, lease, mortgage, franchise,
license, commitment, purchase order, and other legally binding arrangement, whether written or oral, to which any Company Entity is a party. 

“Company Entities” means, collectively, the Company and its Affiliates, and each an “Company Entity.” 

“Company Financial Statements” means the audited consolidated financial statements (including balance sheet, income statement
and statement of cash flows) for the Company Entities, prepared in accordance with IFRS, as of April 30, 2021 and for the three fiscal years ended April 30, 2021, as applicable. 

  

					
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 “Company Material Adverse Effect” means any event, fact, circumstance or
occurrence that, individually or in the aggregate, results in or would result in a material adverse change in or a material adverse effect on (a) the financial condition, assets, liabilities or results of operations of the Company Entities or
(b) the ability of any Company Entity to consummate the transactions contemplated by this Agreement; provided that in determining whether a Company Material Adverse Effect has occurred, there shall be excluded any effect on the Company
Entities to the extent relating to or arising in connection with (i) any action required to be taken pursuant to the terms and conditions of this Agreement, (ii) changes or effects affecting the industry in which the Company Entities
operate or the economy or financial, credit or securities markets or political conditions generally (to the extent that in each case such changes do not have a unique or disproportionate impact on the Company Entities); (iii) the announcement or
consummation of the transactions contemplated by this Agreement; (iv) any change in IFRS or in Law or accounting standards or interpretations thereof applicable to the Company Entities; (v) any change resulting from any action by any
Selling Shareholder taken at the written request of the Buyer; or (vi) acts of God. 
 “Confidential Information” has
the meaning set forth in Section 6.5(a). 
 “Contracts” means legally binding contracts,
agreements, engagements, purchase orders, commitments, understandings, indentures, notes, bonds, loans, instruments, leases, mortgages, franchises, licenses or any other contractual arrangements or obligations which are currently subsisting and not
terminated or completed (with each of such Contracts being referred to as a “Contract”). 
 “Control”
means the possession, direct or indirect, of the power to direct, or cause the direction of, the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

“Dispute” has the meaning set forth in Section 9.12. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute, and the rules and regulations
promulgated thereunder. 
 “Fundamental Representations of the Buyer” shall mean the representations and warranties made by
the Buyer to the Selling Shareholder contained in Section 4.1, Section 4.2, Section 4.3 and Section 4.4. 

“Fundamental Representations of the Selling Shareholder” shall mean the representations and warranties made by the Selling
Shareholder to the Buyer contained in Section 5.1, Section 5.2, Section 5.5, Section 5.6 and Section 5.13. 

“Governmental Authorities” means any nation, government, province, state, or any entity, authority or body exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including any government authority, agency, department, board, commission or instrumentality of any government or any political subdivision
thereof, court, tribunal, arbitrator, the governing body of any securities exchange, and self-regulatory organization, in each case having competent jurisdiction. 

  

					
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 “Hong Kong” means the Hong Kong Special Administrative Region of the
People’s Republic of China. 
 “IFRS” means the International Financial Reporting Standards and interpretations
thereof as established by the International Accounting Standards Board, as in effect at the time any applicable financial statements were prepared. 

“Indemnified Party” has the meaning set forth in Section 8.2(c). 

“Indemnifying Party” has the meaning set forth in Section 8.2(c). 

“Instrument of Transfer” has the meaning set forth in Section 3.3(b). 

“Law” means any law, rule, constitution, code, ordinance, statute, treaty, decree, regulation, common law, order, official
policy, circular, provision, administrative order, interpretation, injunction, judgment, ruling, assessment, writ or other legislative measure, in each case of any Governmental Authority. 

“Liability” means all indebtedness, obligations and other liabilities of a Person, whether direct or indirect, absolute,
accrued, contingent or otherwise, known or unknown, fixed or otherwise, due or to become due, whether or not accrued or paid. 

“Lien” means (a) any mortgage, charge, lien, pledge or other encumbrance securing any obligation of any Person,
(b) any option, right to acquire, right of pre-emption, right of set off or other arrangement under which money or claims to, or for the benefit of, any Person may be applied or set off so as to effect
discharge of any sum owed or payable to any Person, or (c) any equity, assignment, hypothecation, title retention, claim, restriction, power of sale or other type of preferential arrangement the effect of which is to give a creditor in respect
of indebtedness a preferential position in relation to any asset of a Person on any insolvency proceeding of that Person. 

“Losses” has the meaning set forth in Section 8.2(a). 

“Order” means any injunction, judgment, order, decree, stipulation or determination by or with any Governmental Authority.

 “Parties” has the meaning set forth in the preamble. 

“Person” means any individual, corporation, partnership, limited partnership, proprietorship, association, limited liability
company, firm, trust, estate or other enterprise, entity or legal person. 

  

					
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 “PRC” means the People’s Republic of China and, for purposes of this
Agreement, excludes Hong Kong, the Macao Special Administrative Region and Taiwan. 
 “Sale Shares” has the meaning set
forth in the recitals. 
 “SEC” means the Securities and Exchange Commission of the United States or any other federal
agency at the time administering the Securities Act. 
 “SEC Documents” has the meaning set forth in
Section 4.5(a). 
 “Securities Act” means the U.S. Securities Act of 1933, as amended. 

“Selling Shareholder” has the meaning set forth in the preamble. 

“Selling Shareholder Indemnitee” has the meaning set forth in Section 8.2(a). 

“Subscription Shares” has the meaning set forth in the recitals. 

“Tax Return” means any return, report or statement showing Taxes, used to pay Taxes, or required to be filed with respect to
any Tax (including any elections, declarations, schedules or attachments thereto, and any amendment thereof), including any information return, claim for refund, amended return or declaration of estimated or provisional Tax. 

“Taxes” means (i) any net income, alternative or add-on minimum tax, gross
income, gross receipts, sales, use, ad valorem, value added, goods and services, transfer, franchise, business and occupation, profits, license, withholding, payroll, employment, excise, severance, stamp, occupation, premium, property, environmental
or windfall profit tax, custom duty or other tax, governmental fee or other like assessment or charge, together with any interest or any penalty, addition to tax or additional amount imposed by any Governmental Authority responsible for the
imposition of any such tax (domestic or foreign), whether disputed or not, (ii) any liability for the payment of any amounts of the type described in clause (i) of this sentence as a result of being a member of an affiliated, consolidated,
combined, unitary or aggregate group for any taxable period, and (iii) any liability for the payment of any amounts of the type described in clause (i) or (ii) of this sentence as a result of being a transferee of or successor to any
Person or as a result of any express or implied obligation to indemnify any other Person. 
 “U.S.,” “US”
and “United States” means the United States of America. 
 “US$” means United States Dollars, the lawful
currency of the United States. 
  

	2.	 THE TRANSACTION  



At the Closing, the Selling Shareholder shall transfer to the Buyer, and the Buyer shall accept from the Selling Shareholder, the Sale Shares
free and clear of any Lien and with all rights attaching on and from the Closing, and the Buyer shall issue to the Selling Shareholder, and the Selling Shareholder shall subscribe for, the Subscription Shares, on the terms and subject to the
conditions of this Agreement. 

  

					
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		 	5	  	Buyer [            ] / Selling Shareholder [            ]














	3.	 CLOSING; CLOSING DELIVERIES  



3.1 Closing. The closing of the transactions contemplated under Article 2 (the “Closing”) shall take
place remotely within five (5) Business Days following the satisfaction or waiver of the conditions set forth in Section 3.4 and Section 3.5 (other than those conditions that by their
terms are to be satisfied at the Closing, but subject to the satisfaction or waiver of such conditions), or at such other time as the Parties may agree in writing (the date on which the Closing occurs, the “Closing Date”). All
transactions occurring at the Closing shall be deemed to occur simultaneously, and shall be effective as of the Closing and upon occurrence of all transactions contemplated by Article 2 and this Article 3. For the avoidance of doubt,
the consummation of the transactions described in Article 2 and this Article 3 shall occur together, and the Closing shall be deemed not to have occurred if any party fails to deliver any agreement or other instrument or document
required under Article 2 and this Article 3. At the Closing, share certificate issued in the name of the Selling Shareholder in relation to the Sale Shares shall be cancelled, and the Selling Shareholder shall, promptly after
Closing, deliver to the Company any such share certificate issued to the Selling Shareholder in relation to the Sale Shares or, where any such share certificate has been issued but has been lost, stolen or destroyed, such indemnity in respect of
such lost, stolen or destroyed share certificate as the Buyer may reasonably request. 
 3.2 Deliveries by the Buyer at the Closing.
At the Closing, the Buyer shall deliver to the Selling Shareholder a copy of the share certificate issued in the name of the Selling Shareholder, dated on the Closing Date, evidencing the ownership by the Selling Shareholder of the applicable
Subscription Shares (the original copy of which shall be delivered to the Selling Shareholder after the Closing). 
 3.3 Deliveries by
the Selling Shareholder at the Closing. At the Closing, the Selling Shareholder shall deliver to the Buyer: 
 (a) a copy of the share
certificate issued in the name of the Buyer, dated on the Closing Date, evidencing the ownership by the Buyer of the Sale Shares (the original copy of which shall be delivered to the Buyer after the Closing); and 

(b) an instrument of transfer duly executed by the Selling Shareholder in the form attached as Exhibit A to this Agreement (each, an
“Instrument of Transfer”). 
 3.4 Conditions to the Obligation of the Buyer to Effect the Closing. The obligation of
the Buyer to consummate the transactions contemplated by Article 2 is subject to the satisfaction, as of the Closing Date, of the following conditions, any of which may be waived in writing by the Buyer in its sole discretion: 

(a) The Selling Shareholder shall have performed and complied in all material respects with all, and not be in breach or default in any
material respects under any, agreements, covenants, conditions and obligations contained in this Agreement that are required to be performed or complied with on or before the Closing Date; and 

(b) No court or other Governmental Authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any Law
(whether temporary, preliminary or permanent) that is in effect and restrains, enjoins or otherwise prohibits consummation of the transactions contemplated hereby. 

  

					
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		 	6	  	Buyer [            ] / Selling Shareholder [            ]













 3.5 Conditions to the Obligation of the Selling Shareholder to Effect the Closing.
The obligation of the Selling Shareholder to consummate the transactions contemplated by Article 2 is subject to the satisfaction, as of the Closing Date, of the following conditions, any of which may be waived in writing by the Selling
Shareholder in their sole discretion as a group: 
 (a) The Buyer shall have performed and complied in all material respects with all, and
not be in breach or default in any material respects under any, agreements, covenants, conditions and obligations contained in this Agreement that are required to be performed or complied with on or before the Closing Date; and 

(b) No court or other Governmental Authority of competent jurisdiction shall have enacted, issued, promulgated, enforced or entered any Law
(whether temporary, preliminary or permanent) that is in effect and restrains, enjoins or otherwise prohibits consummation of the transactions contemplated hereby. 
  

	4.	 REPRESENTATIONS AND WARRANTIES OF THE BUYER 



The Buyer hereby represents and warrants to the Selling Shareholder the following. 

4.1 Due Formation; Qualification. The Buyer is an exempted company, duly incorporated, validly existing and in good standing under the
laws of the Cayman Islands, has the requisite corporate power and authority to own, lease and operate its business and assets and to conduct its business as currently conducted and as described in the SEC Documents, and is duly qualified to transact
business in all material respects in each jurisdiction in which the conduct of its business or its ownership, leasing or operation of property requires such qualification. 

4.2 Authorization; Enforceability. The Buyer has requisite legal power and authority to execute, deliver and perform its obligations
under this Agreement and to consummate the transactions contemplated hereby. This Agreement has been duly executed and delivered by the Buyer and, assuming due authorization, execution and delivery by the Selling Shareholder, constitutes a legal,
valid and binding obligation of the Buyer, enforceable against the Buyer in accordance with its terms, except as limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting
enforcement of creditors’ rights generally, and (ii) applicable Laws relating to the availability of specific performance, injunctive relief, or other equitable remedies or general principles of equity. 

4.3 Due Issuance. The Subscription Shares are duly authorized and, when issued in accordance with this Agreement, will be validly
issued, fully paid and non-assessable and free and clear of any Lien, right of first refusal, third-party right or interest, claim or restriction of any kind or nature, except for restrictions arising under
the Securities Act or created by virtue of this Agreement. Good and valid title to the Subscription Shares will be passed to the Selling Shareholder upon entry of the Selling Shareholder into the register of members of the Buyer as the respective
legal owners of the applicable Subscription Shares. 

  

					
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		 	7	  	Buyer [            ] / Selling Shareholder [            ]













 4.4 Non-Contravention. Neither the execution
and the delivery of this Agreement, nor the consummation of the transactions contemplated hereby by the Buyer, will (i) violate any provision of the organizational documents of the Buyer or materially violate any Law to which the Buyer is
subject, or (ii) conflict with, result in a breach of or constitute a default under any material Contract to which the Buyer is a party or by which the Buyer is bound, except in each case of (i) and (ii) above, would not reasonably be
expected to prohibit, materially delay or materially impair the consummation of the transactions contemplated hereby. 
 4.5 SEC Matters;
Financial Statements. 
 (a) The Buyer has filed or furnished, as applicable, on a timely basis, all registration statements, proxy
statements and other statements, reports, schedules, forms and other documents required to be filed or furnished by it with the SEC (all of the foregoing documents filed with or furnished to the SEC and all exhibits included therein and financial
statements, notes and schedules thereto and documents incorporated by reference therein, the “SEC Documents”). As of their respective effective dates (in the case of the SEC Documents that are registration statements filed pursuant
to the requirements of the Securities Act) and as of their respective SEC filing dates (in the case of all other SEC Documents), or in each case, if amended prior to the date hereof, as of the date of the last such amendment: (A) each of the
SEC Documents complied in all material respects with the applicable requirements of the Securities Act and the Exchange Act and any rules and regulations promulgated thereunder applicable to the SEC Documents (as the case may be) and (B) none
of the SEC Documents contained any untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the material statements therein, in the light of the circumstances under which
they were made, not misleading. 
 (b) The financial statements (including any related notes) contained in the SEC Documents:
(i) complied as to form in all material respects with applicable accounting requirements and the published rules and regulations of the SEC with respect thereto, (ii) were prepared in accordance with IFRS and (iii) fairly present in
all material respects the consolidated financial position of the Buyer Group Companies as of the respective dates thereof and the consolidated results of operations and cash flows of the Buyer Group for the periods covered thereby, except as
disclosed therein and as permitted under the Exchange Act. 
 4.6 No Registration. Assuming the accuracy of the representations and
warranties of the Selling Shareholder set forth in Section 5.17, Section 5.18 and Section 5.19, it is not necessary in connection with the issuance and sale of the Subscription Shares to register the Subscription Shares under the
Securities Act. No directed selling efforts (as defined in Rule 902 of Regulation S under the Securities Act) have been made by any Buyer Group Company or any person acting on its behalf with respect to any Subscription Shares. 

4.7 Brokers. None of the Buyer Group Companies has engaged with or received services from any broker, finder, commission agent,
placement agent or arranger in connection with the transactions contemplated by this Agreement. 

  

					
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		 	8	  	Buyer [            ] / Selling Shareholder [            ]













 4.8 No Other Representations and Warranties. The Buyer makes no other representations
and warranties, implied or otherwise, other than those expressly set out in this Agreement. 
  

	5.	 REPRESENTATIONS AND WARRANTIES OF THE SELLING SHAREHOLDER 



The Selling Shareholder hereby represents and warrants to the Buyer the following. 

5.1 Due Formation; Qualification. The Selling Shareholder is duly incorporated, validly existing and in good standing under the laws of
its jurisdiction of organization and has all necessary corporate power and authority to enter into this Agreement and the applicable Instrument of Transfer, to carry out its obligations hereunder and thereunder and to consummate the transactions
contemplated hereby and thereby. 
 5.2 Authorization; Enforceability. The Selling Shareholder has requisite legal power and
authority to execute, deliver and perform its obligations under this Agreement and the applicable Instrument of Transfer and to consummate the transactions contemplated hereby and thereby. This Agreement has been duly executed and delivered by the
Selling Shareholder and, assuming due authorization, execution and delivery by the Buyer, constitutes a legal, valid and binding obligation of the Selling Shareholder, enforceable against the Selling Shareholder in accordance with its terms, except
as limited by (i) applicable bankruptcy, insolvency, reorganization, moratorium, and other laws of general application affecting enforcement of creditors’ rights generally, and (ii) applicable Laws relating to the availability of
specific performance, injunctive relief, or other equitable remedies or general principles of equity. 
 5.3 Valid Title. The Selling
Shareholder is the sole record and beneficial owner of and has good and valid title to the Sale Shares, free and clear of any Lien, right of first refusal, third-party right or interest, claim or restriction of any kind or nature, except for
restrictions created by virtue of this Agreement. Neither the Selling Shareholder nor the Company is a party or subject to any Contract that affects or relates to the voting or giving of written consents with respect to the Sale Shares. Good and
valid title to the Sale Shares will be passed to the Buyer upon entry of the Buyer into the register of members of the Company as the legal owner of the Sale Shares. 

5.4 Capitalization. The authorized share capital of the Company is US$1,000,000 divided into (i) 8,000,000,000 Class A ordinary
shares of a par value of US$0.0001 each, 43,416,142 of which are issued and outstanding, and (ii) 2,000,000,000 Class B ordinary shares of a par value of US$0.0001 each, 24,202,000 of which are issued and outstanding. All of the outstanding
shares in the Company are duly authorized, validly issued, fully paid and non-assessable, free and clear of any Lien. There are no dividends that have accrued or been declared but are unpaid by the Company.

 5.5 Non-Contravention. Neither the execution and the delivery of this Agreement or any
Instrument of Transfer, nor the consummation of the transactions contemplated hereby and thereby by the Selling Shareholder, will (i) violate any provision of the organizational documents of the Company or materially violate any Law to which
the Selling Shareholder or the Company is subject, or (ii) conflict with, result in a breach of or constitute a default under any material Contract to which the Selling Shareholder or the Company is a party or by which the Selling Shareholder
or the Company is bound, except in each case of (i) and (ii) above, would not reasonably be expected to prohibit, materially delay or materially impair the consummation of the transactions contemplated hereby. 

  

					
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		 	9	  	Buyer [            ] / Selling Shareholder [            ]













 5.6 Consents and Approvals. Neither the execution and the delivery of this Agreement
or the applicable Instrument of Transfer, nor the consummation of the transactions contemplated hereby and thereby by the Selling Shareholder, requires any consent, approval, order, license or authorization of, registration, certificate, declaration
or filing with or notice to any Governmental Authority or other third party (each, an “Authorization”), except for those Authorizations that have already been obtained. 

5.7 No Litigation. There is no action, suit or proceeding pending or, to the best knowledge of the Selling Shareholder, threatened
against any Company Entity that questions the validity of this Agreement or the right of the Selling Shareholder to enter into this Agreement or the applicable Instrument of Transfer or to consummate the transactions contemplated hereby or thereby.

 5.8 Business of Company Entities. The business of each Company Entity is being carried on in the ordinary course and is a
going concern. There is no existing fact or circumstance that could reasonably expected to have, individually or in the aggregate, a Company Material Adverse Effect. 

5.9 Company Financial Statements. The Selling Shareholder has made available to the Buyer the Company Financial Statements. The Company
Financial Statements are (i) prepared in accordance with the books and records of the Company Entities, (ii) true, correct and complete and present fairly the financial condition of the Company Entities as of the date or dates therein
indicated and the results of operations for the period or periods therein specified, and (iii) prepared in accordance with IFRS applied on a consistent basis. Except as reflected in the Company Financial Statements, the Company Entities did not
have any Liabilities as of the date or dates therein indicated. 
 5.10 Company Contracts. Each Company Contract that is material to
the Company Entities has been duly executed and is valid and binding on the parties thereto with full force and effect. No material Company Contract will be terminated as a result of or in connection with the transactions contemplated by this
Agreement. No Company Entity is in breach of any material obligations, or has knowledge of the invalidity or grounds for rescission, avoidance or repudiation of, or any breach of any material obligations by any counterparty to any material Company
Contract, nor has any Company Entity received written notice of any intention to terminate any material Company Contract or repudiate or disclaim any transaction pursuant thereto in any material respect. 

5.11 Employees. There are no material controversies pending or, to the knowledge of the Selling Shareholder, threatened between any
Company Entity and its employees, contractors, subcontractors, agents or other Persons engaged by it. There are no material unfair labor practice complaints pending or, to the knowledge of the Selling Shareholder, threatened against any Company
Entity before any Governmental Authority. There is no strike, slowdown, work stoppage or lockout, or similar activity or the threat thereof, with respect to any Company Entity. 

  

					
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 5.12 Compliance with Law. The Selling Shareholder has, in connection with the
execution and delivery of this Agreement and the applicable Instrument of Transfer and the consummation of the transactions contemplated hereby and thereby, complied with all applicable Laws. The business of the Companies Entities is in compliance
with all applicable Laws in material respects. 
 5.13 Tax Filings. Each Company Entity has filed or caused to be filed in a timely
manner all applicable Tax Returns required to be filed by it, all such Tax Returns are true, correct and complete in all material respects, and each such Company Entity has paid, or provided adequate reserves, for all deficiencies or other
assessments of Tax owed by it to any Governmental Authority. No unassessed Tax deficiency has been proposed or, to the best knowledge of the Selling Shareholder, threatened against any Company Entity by any Governmental Authority (taking into
account applicable extensions). No Tax examination, audit, investigation or administrative or judicial proceedings by any Governmental Authority are currently in progress. No Company Entity has received from any Governmental Authority (i) any
written notice indicating any intent to open an examination, audit, investigation or administrative or judicial proceedings in respect of any Tax or Tax Return or (ii) any written notice of deficiency or proposed adjustment for any unpaid
Taxes. No unassessed Tax deficiency has been, to the best knowledge of the Selling Shareholder, threatened against any Company Entity by any Governmental Authority. 

5.14 Solvency. No bankruptcy, insolvency or judicial composition proceedings concerning the Selling Shareholder or the Company Entities
have been applied for. No circumstances exist which could require an application for any bankruptcy, insolvency or judicial composition proceedings concerning the Selling Shareholder or the Company Entities nor do any circumstances exist according
to any applicable bankruptcy or insolvency Laws which could justify the avoidance of this Agreement. No steps have been taken or proposed in relation to the winding-up, bankruptcy, administration, insolvency
or dissolution of the Selling Shareholder or Company Entity, nor has any analogous procedure or step been taken or proposed in any jurisdiction in relation to the Selling Shareholder or Company Entity. Neither the Selling Shareholder nor any Company
Entity is or is expected to be insolvent under the laws of its jurisdiction of incorporation or is unable to pay its debts as they fall due and neither the Selling Shareholder nor any Company Entity has stopped paying its debts or indicated an
intention to do so.  
 5.15 Anti-Corruption Compliance. No Company Entity has, and, to the best knowledge of the Selling
Shareholder, none of the directors, officers, agents, employees, Affiliates or other Persons acting on behalf of any Company Entity has: 

  

					
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 (a) made or offered any payment of anything of value, or authorized such payment or offer,
to any officer, employee or any other person acting in an official capacity for any government or any department, agency or instrumentality thereof, including any entity or enterprise owned or controlled by a government, or for any public
international organization, to any political party or official thereof or to any candidate for political office (individually and collectively, a “Government Official”) or to any person knowing or being aware of a high probability
that all or a portion of such money or thing of value will be unlawfully offered, given or promised, directly or indirectly, to any Government Official, for the purpose of (i) influencing any act or decision of such Government Official in his
official capacity, (ii) inducing such Government Official to do or omit to do any act in violation of his lawful duty, (iii) securing any improper advantage, (iv) inducing such Government Official to influence or affect any act or
decisions of any entity or enterprise owned or controlled by a government, or (v) assisting any Company Entity in obtaining or retaining business for or with, or directing business to, any Company Entity; or 

(b) violated any provision of applicable anti-bribery and anti-corruption Laws of any jurisdiction in which any Company Entity conducts its
business or operations, including the United States Foreign Corrupt Practices Act of 1977, as amended. 
 5.16 Brokers. The Selling
Shareholder has not engaged with or received services from any broker, finder, commission agent, placement agent or arranger in connection with the acquisition of the Subscription Shares, the transfer of the Sale Shares or matters in connection
therewith. 
 5.17 Status; Purchase for Own Account. The Selling Shareholder is not a “U.S. person” as defined in Rule 902
of Regulation S under the Securities Act. The Selling Shareholder is acquiring the applicable Subscription Shares outside the United States in reliance upon the exemption from registration provided by Regulation S under the Securities Act, and in
accordance with any applicable securities laws of any state of the United States or any other jurisdiction. The Selling Shareholder has sufficient knowledge and experience in financial and business matters so as to be capable of evaluating the
merits and risks of its investment in the applicable Subscription Shares. The Selling Shareholder is capable of bearing the economic risks of its investment, including a complete loss thereof. The Subscription Shares will be acquired for the Selling
Shareholder’s own account, not as a nominee or agent and not with a view to or in connection with the sale or distribution of any part thereof. The Selling Shareholder does not have any direct or indirect arrangement, or understanding with any
other Persons regarding the distribution of the Subscription Shares in violation of the Securities Act or any other applicable state securities law. 

5.18 Solicitation. The Selling Shareholder was not identified nor contacted through the marketing of the transactions contemplated by
this Agreement. The Selling Shareholder does not contact the Buyer as a result of any general solicitation or directed selling efforts. The purchases of the Subscription Shares by the Selling Shareholder were not solicited by or through anyone other
than the Buyer. 
 5.19 Restricted Securities. The Selling Shareholder acknowledges that the Subscription Shares are “restricted
securities” that have not been registered under the Securities Act or any applicable state securities law. The Selling Shareholder further acknowledges that, absent an effective registration under the Securities Act, the Subscription Shares may
only be offered, sold or otherwise transferred (i) to the Buyer, (ii) outside the United States in accordance with Rule 904 of Regulation S under the Securities Act, or (iii) pursuant to an exemption from registration under the
Securities Act. 

  

					
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 5.20 No Other Representations and Warranties. The Selling Shareholder makes no other
representations and warranties, implied or otherwise, other than those expressly set out in this Agreement. 
  

	6.	 COVENANTS; ADDITIONAL AGREEMENTS 



6.1 Further Assurances. Each Party shall use reasonable best efforts to make, do, execute, or cause or procure to be made, done and
executed such further acts, deeds, conveyances, consents and assurances without further consideration, which may reasonably be required or advisable to effect the transactions contemplated by this Agreement and the Instruments of Transfer. 

6.2 Conduct of Business. Between the date hereof and the Closing Date, the Selling Shareholder shall cause the Company Entities to
(a) conduct the business in the ordinary course consistent with past practice, as a going concern and in compliance with all applicable Laws and Contracts, (b) pay or perform debts, Taxes, and other obligations when due, and
(c) maintain its assets in a condition comparable to their current condition, reasonable wear, tear and depreciation excepted. 
 6.3
Taxes. Except as otherwise provided in this Agreement, each Party shall bear its respective Taxes incurred in connection with the consummation of the transactions contemplated by this Agreement and the Instruments of Transfer. 

6.4 Release. From and after the Closing, except as arising out of actions or omissions occurring after the Closing Date or arising as a
result of this Agreement, the Selling Shareholder hereby waives and releases, on behalf of itself and each of its Affiliates and to the fullest extent permitted by applicable Law, the Buyer, from any and all Liabilities, rights, defenses, claims and
causes of action, known or unknown, foreseen or unforeseen which such Selling Shareholder or any of its Affiliates has or may have in the future against the Company Entities with respect to matters arising prior to the Closing Date. 

6.5 Confidentiality. 

(a) Each Party shall, and shall cause its Affiliates to, keep confidential any non-public material or
information with respect to this Agreement and the Instruments of Transfer, any of the terms and conditions of, and the status or other facts with respect to, this Agreement and the Instruments of Transfer and the transactions contemplated hereby
and thereby, including the existence of this Agreement and the Instruments of Transfer (including written or non-written information, hereinafter the “Confidential Information”). Confidential
Information shall not include any information that is (a) previously known on a non-confidential basis by the receiving Party, (b) in the public domain through no fault of such receiving Party, its
Affiliates or its or its Affiliates’ officers, directors or employees, (c) received from a party other than the Parties or their Affiliates, representatives or agents, so long as such party was not, to the knowledge of the receiving Party,
subject to a duty of confidentiality to such Party or Affiliates or (d) developed independently by the receiving Party without reference to confidential information of the disclosing Party. No Party shall disclose such Confidential Information
to any third party. Each Party may use the Confidential Information only for the purpose of, and to the extent necessary for, performing this Agreement, and shall not use such Confidential Information for any other purposes. 

  

					
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 (b) Notwithstanding any other provisions in this Section 6.5, if
any Party believes in good faith that any announcement or notice must be prepared or published pursuant to applicable Laws (including any rules or regulations of any relevant securities exchange or valid legal process) or information is otherwise
required to be disclosed to any Governmental Authority, such Party may, in accordance with its understanding of the applicable Laws, make the required disclosure in the manner it deems in compliance with the requirements of applicable Laws, rules or
regulations. In addition, each Party may disclose, subject to any practicable arrangements to protect confidentiality, Confidential Information to the extent required under judicial or regulatory process or in connection with any judicial process
regarding any legal action, suit or proceeding arising out of or relating to this Agreement or the Instruments of Transfer. 
 (c) Each
Party may disclose the Confidential Information only to its Affiliates and its and its Affiliates’ officers, directors, employees, agents and representatives on a
need-to-know basis in the performance of this Agreement; provided that such Party shall ensure such Persons strictly abide by the confidentiality obligations
hereunder. 
 (d) The confidentiality obligations of each Party hereunder shall survive the termination of this Agreement for a period of
two (2) years. Each Party shall continue to abide by the confidentiality clause hereof and perform the obligation of confidentiality it undertakes until the other Party approves release of that obligation or until a breach of the
confidentiality clause hereof will no longer result in any prejudice to the other Party. 
  

	7.	 TERMINATION 



7.1 Termination. This Agreement may be terminated at any time prior to the Closing: 

(a) by any Party through written notice to the other Parties if any Governmental Authority shall have enacted or issued any Law or Order or
taken any other action permanently restraining, enjoining, preventing, prohibiting or otherwise making illegal the consummation of the transactions contemplated under this Agreement and such Law, Order or other action has become final and non-appealable; provided that a Party shall have no right to terminate this Agreement pursuant to this Section 7.1(a) if the imposition of such Law, Order or other action was caused
by the breach by such Party or its Affiliate of any representation, warranty, covenant or agreement in this Agreement; 
 (b) by the Buyer
if there exists a material breach of any representation, warranty, covenant or agreement of any Selling Shareholder such that the conditions set forth in Section 3.4 would not be satisfied and such breach has not been
cured, or is incapable of being cured, by such Selling Shareholder within fifteen (15) days following its receipt of written notice from the Buyer of such breach; or 

  

					
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 (c) by the Selling Shareholder, acting collectively, if there exists a material breach of
any representation, warranty, covenant or agreement of the Buyer such that the conditions set forth in Section 3.5 would not be satisfied and such breach has not been cured, or is incapable of being cured, by the Buyer
within fifteen (15) days following its receipt of written notice from the Selling Shareholder of such breach. 
 (d) by occurrence of
listing of the Company’s shares on the New York Stock Exchange (or any other recognized stock exchange elsewhere) prior to the Closing. 

7.2 Effects of Termination. Upon the termination of this Agreement pursuant to Section 7.1, this Agreement
(other than Article 1 and Article 9) shall become void and have no further force or effect; provided that no such termination shall relieve any Party of liability for any breach of this Agreement prior to such termination. 

 

	8.	 INDEMNITY  



8.1 Survival. The representations and warranties of the Buyer and the Selling Shareholder and their respective Affiliates contained in
this Agreement shall survive the Closing for a period of eighteen (18) months after the Closing Date, save for the Fundamental Representations of the Buyer and the Fundamental Representations of the Selling Shareholder which shall survive until
the expiration of the applicable statutory limitation periods. The covenants and agreements of the Buyer and the Selling Shareholder and their respective Affiliates set forth herein shall survive the Closing until fully discharged in accordance with
their terms, except for those covenants and agreements which shall be complied with or discharged prior to the Closing in accordance with the terms of this Agreement. Notwithstanding the foregoing, any breach of any representation, warranty,
covenant or agreement in respect of which indemnity may be sought under this Agreement shall survive the time at which it would otherwise terminate, if notice of the inaccuracy or breach thereof giving rise to such right of indemnity shall have been
given to the party against whom such indemnity may be sought prior to such time. 
 8.2 Indemnification. 

(a) Indemnification by the Buyer. From and after the Closing, the Buyer shall indemnify and hold harmless the Selling
Shareholder and its directors, officers, employees, Affiliates, agents and assigns (each, a “Selling Shareholder Indemnitee”) against any losses, liabilities, damages, penalties, diminution in value, reasonable costs and
expenses, including reasonable advisor’s fees and other expenses of investigation and defense of any of the foregoing (collectively, “Losses”), incurred by such Selling Shareholder Indemnitee as a result of, arising out of or
in connection with (i) any material breach or violation of, or inaccuracy in, any representation or warranty made by the Buyer in this Agreement; and (ii) any material breach or violation of, or failure to perform, any covenants or
agreements made by or on behalf of, or to be performed by, the Buyer in this Agreement. 

  

					
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 (b) Indemnification by the Selling Shareholder. From and after the Closing, the
Selling Shareholder shall indemnify and hold harmless the Buyer and its directors, officers, employees, Affiliates, agents and assigns (each, a “Buyer Indemnitee”) against any Losses incurred by such Buyer Indemnitee as a
result of, arising out of or in connection with (i) any breach or violation of, or inaccuracy in, any representation or warranty made by or on behalf of the Selling Shareholder in this Agreement or any claim by any third party alleging,
constituting or involving such a breach violation or inaccuracy; (ii) any breach or violation of, or failure to perform, any covenants or agreements made by or on behalf of, or to be performed by, the Selling Shareholder in this Agreement, or
any claim by any third party alleging, constituting or involving any such breach or violation or default or failure to perform; (iii) any violation or non-compliance with applicable Laws by the Selling
Shareholder or Company Entity on or prior to the Closing Date, whether in the course of business or in connection with the execution and delivery of this Agreement and the Instrument of Transfer and the consummation of the transactions contemplated
hereby and thereby; (iv) any failure to timely file applicable Tax Returns (or any failure for such Tax Returns to be true, correct and complete) by any Company Entity or any failure to timely and fully pay applicable Taxes owed by any Company
Entity, for any tax period (or portion thereof) up to the Closing Date; and (v) any litigation or arbitration proceedings involving any Company Entity arising out of or based on an event that occurred or an action that was taken on or prior to
the Closing Date. 
 (c) For purposes of this Agreement, (i) “Indemnifying Party” means the Buyer (with respect to
Section 8.2(a)) or the Selling Shareholder (with respect to Section 8.2(b)); and (ii) “Indemnified Party” means the Selling Shareholder Indemnitee(s) (with respect to
Section 8.2(a)) or the Buyer Indemnitee(s) (with respect to Section 8.2(b)). 
 8.3
Reliance. Each of the Buyer and the Selling Shareholder acknowledge and agree that (i) the Buyer has entered into this Agreement and agreed to the purchase of the Sale Shares from the Selling Shareholder and the allotment and issuance of
the Subscription Shares to the Selling Shareholder hereunder, in reliance on the representations and warranties, and covenants and agreements, made by the Selling Shareholder in this Agreement, and (ii) the Selling Shareholder has entered into
this Agreement and agreed to transfer the Sale Shares to the Buyer and to subscribe for the Subscription Shares in reliance on the representations and warranties, and covenants and agreements, made by the Buyer in this Agreement. 

 

	9.	 MISCELLANEOUS 



9.1 Governing Law. This Agreement shall be governed by and construed in accordance with the laws of Cayman Islands without giving effect
to any choice of law rule that would cause the application of the laws of any jurisdiction other than Cayman Islands to the rights and duties of the Parties hereunder. 

9.2 Successors and Assigns. Except as otherwise expressly provided herein, the provisions hereof shall inure to the benefit of, and be
binding upon, the successors, assigns, heirs, executors and administrators of the Parties. This Agreement and the rights and obligations therein may not be assigned by any Party without the written consent of the other Party. 

9.3 Entire Agreement. This Agreement, including the schedules and exhibits hereto, constitute the entire understanding and agreement
among the Parties with regard to the subjects hereof and thereof. 

  

					
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 9.4 Notices. All notices, requests, demands, and other communications under this
Agreement shall be in writing and shall be deemed to have been duly given to the Party at the address set forth below (a) if in writing and served by personal delivery upon the Party for whom it is intended, on the date of such delivery,
(b) if delivered by certified mail, registered mail or courier service, return-receipt received, on the date of such delivery, or (c) if delivered by email, upon confirmation of receipt by a
non-automated response: 
 If to the Buyer, at:  

Address: 23/F, Nexxus Building, 41 Connaught Road Central, Hong Kong 

Attention:                 

Email:                 

If to the Selling Shareholder, at: 

Address: 23/F, Nexxus Building, 41 Connaught Road Central, Hong Kong 

Attention:                 

Email:                 

9.5 Amendments. Any term of this Agreement may be amended only by a written instrument executed by both the Buyer and the Selling
Shareholder. 
 9.6 Specific Performance. The Parties agree that irreparable damage would occur in the event that any
provision of this Agreement were not performed in accordance with the terms hereof or thereof, and that the Parties shall be entitled to seek specific performance of the terms hereof or thereof, in addition to any other remedy at law or equity. 

9.7 Fees and Expenses. Except as otherwise provided in this Agreement, each Party shall bear its respective expenses incurred in
connection with the negotiation, preparation and execution of this Agreement and the transactions contemplated hereby, including fees and expenses of attorneys, accountants, consultants and financial advisors. 

9.8 Delays or Omissions; Waivers. No delay or omission to exercise any right, power or remedy accruing to any Party, upon any breach or
default of any Party under this Agreement, shall impair any such right, power or remedy of such Party, nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of any similar breach of default thereafter
occurring. Any waiver by any Party of any condition or breach of default under this Agreement must be in writing signed by such Party and shall be effective only to the extent specifically set forth in such writing. All remedies, either under this
Agreement or by Laws or otherwise afforded to any Party shall be cumulative and not alternative. 
 9.9 Interpretation. This
Agreement shall be construed according to its fair language. The rule of construction to the effect that ambiguities are to be resolved against the drafting Party shall not be employed in interpreting this Agreement. The headings of the sections and
subsections of this Agreement are for convenience of reference only and are not to be considered in construing this Agreement. Unless otherwise expressly provided herein, all references to sections and schedules herein are to sections and schedules
of this Agreement. Unless a provision hereof expressly provides otherwise: (i) the term “or” is not exclusive; (ii) the terms “herein,” “hereof,” and other similar words refer to this Agreement as a whole and
not to any particular section, subsection, paragraph, clause, or other subdivision; (iii) the masculine, feminine, and neuter genders will each be deemed to include the others; and (iv) whenever the words “include,”
“includes” or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.” 

  

					
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 9.10 Counterparts. This Agreement may be executed in any number of counterparts, each
of which shall be an original, but all of which together shall constitute one instrument. 
 9.11 Severability. If any provision of
this Agreement is found to be invalid or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on
substantially the same terms as originally set forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed
provision is essential to the rights or benefits intended by the Parties. In such event, the Parties shall use their best efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly affects the
Parties’ intent in entering into this Agreement. 
 9.12 Dispute Resolution. Any dispute, controversy or claim (each, a
“Dispute”) arising out of or relating to this Agreement, or the interpretation, breach, termination, validity or invalidity thereof, shall be referred to arbitration upon the demand of either party to the dispute with notice (the
“Arbitration Notice”) to the other. The Dispute shall be settled by arbitration in Cayman Islands Each party to the arbitration shall cooperate with each other party to the arbitration in making full disclosure of and providing
complete access to all information and documents requested by such other party in connection with such arbitral proceedings, subject only to any confidentiality obligations binding on such party. The award of the arbitral tribunal shall be final and
binding upon the parties thereto, and the prevailing party may apply to a court of competent jurisdiction for enforcement of such award. Any party to the Dispute shall be entitled to seek preliminary injunctive relief, if possible, from any court of
competent jurisdiction pending the constitution of the arbitral tribunal. During the course of the arbitral tribunal’s adjudication of the Dispute, this Agreement shall continue to be performed except with respect to the part in dispute and
under adjudication. 
 [SIGNATURE PAGES FOLLOW] 
  

  

					
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 IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement on the date and
year first above written. 
  

			
	BUYER
	
	AMTD INTERNATIONAL INC.
		
	By:	 	 /s/ William Fung

		 	Name: William Fung
		 	Title: Chief Executive Officer


 [Signature Page to Share Purchase Agreement] 











 IN WITNESS WHEREOF, the Parties have executed and delivered this Agreement on the date and
year first above written. 
  

			
	SELLING SHAREHOLDER
	
	AMTD GROUP COMPANY LIMITED
		
	By:	 	 /s/ Marcellus Wong

		 	Name: Marcellus Wong
		 	Title: Director


 [Signature Page to Share Purchase Agreement] 

 











 Form of Instrument of Transfer 

AMTD DIGITAL INC. 
 an
exempted company incorporated in the Cayman Islands 
 (the “Company”) 

SHARE TRANSFER FORM 
 dated
January 20, 2022 
 AMTD GROUP COMPANY LIMITED (the “Transferor”), for good and valuable consideration received by it from AMTD
International Inc. (the “Transferee”), does hereby transfer to the Transferee the 19,892,000 fully paid Class B ordinary shares in the Company (of a par value of US$0.0001 each) standing in the Transferor’s name in the
Register of Members of the Company to hold unto the Transferee, its executors, administrators and assigns, subject to the several conditions on which the Transferor held the same at the time of execution of this Share Transfer Form. 

The Transferor further acknowledges and agrees that the Transferee constitutes a Specified Person (as the term is defined in the currently effective
memorandum and articles of association of the Company (the “M&AA”)) designated by Choi Chi Kin Calvin pursuant to and in accordance with the M&AA. 

Signed by the Transferor on the date first above written: 
  

	
	AMTD GROUP COMPANY LIMITED
	
	By:                                     
                                     
	Name: Marcellus Wong
	Title: Director

 A-1