# EDGAR Filing Document

**Accession Number:** 0001990251
**File Stem:** 0001213900-26-067545
**Filing Date:** 2026-6
**Character Count:** 214203
**Document Hash:** 871e341360073d07628db79106b1c9f6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-067545.hdr.sgml**: 20260611

**ACCESSION NUMBER**: 0001213900-26-067545

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20260611

**FILED AS OF DATE**: 20260611

**DATE AS OF CHANGE**: 20260611

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Wellchange Holdings Co Ltd
- **CENTRAL INDEX KEY:** 0001990251
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42294
- **FILM NUMBER:** 261081412

**BUSINESS ADDRESS:**
- **STREET 1:** FLAT E, 11/F, BILLION PLAZA 2
- **STREET 2:** 10 CHEUNG YUE STREET CHEUNG SHA WAN
- **CITY:** HONG KONG
- **STATE:** F4
- **ZIP:** 000000
- **BUSINESS PHONE:** 852 9815 6485

**MAIL ADDRESS:**
- **STREET 1:** FLAT E, 11/F, BILLION PLAZA 2
- **STREET 2:** 10 CHEUNG YUE STREET CHEUNG SHA WAN
- **CITY:** HONG KONG
- **STATE:** F4
- **ZIP:** 000000

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER<br> PURSUANT TO RULE 13a-16 OR 15d-16<br> UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of June 2026**

**Commission File Number: 001-42294**

**Wellchange Holdings Company Limited**

Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street,

Kowloon, Hong Kong

**(Address of principal executive offices)**

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

**INFORMATION CONTAINED IN THIS FORM 6-K REPORT**

In connection with (i) a meeting of the holders of class A ordinary shares, (ii) a meeting of the holders of class B ordinary shares and (iii) an annual general meeting of shareholders of Wellchange Holdings Company Limited (the "Company"), attached hereto and incorporated by reference herein are the Notice of Meetings of Shareholders and Proxy Statement, the Form of Proxy Card for the Class A Meeting, the Form of Proxy Card for the Class B Meeting, and the Form of Proxy Card for the AGM.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | <u>[Notice of Meetings of Shareholders and Proxy Statement](ea029375201ex99-1.htm)</u> |
| 99.2 | <u>[Form of Proxy Card for the Class A Meeting](ea029375201ex99-2.htm)</u> |
| 99.3 | [Form of Proxy Card for the Class B Meeting](ea029375201ex99-3.htm) |
| 99.4 | [Form of Proxy Card for the AGM](ea029375201ex99-3.htm) |

---

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

---

| | | |
|:---|:---|:---|
|  | **Wellchange Holdings Company Limited** | **Wellchange Holdings Company Limited** |
| Date: June 11, 2026 | By: | */s/ Shek Kin Pong* |
|  | Name: | Shek Kin Pong |
|  | Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**Wellchange Holdings Company Limited**

Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street,

Kowloon, Hong Kong

**NOTICE OF A MEETING OF THE HOLDERS OF CLASS A ORDINARY SHARES**

To be held on July 6, 2026 at 10:00 a.m. Hong Kong Time (July 5, 2026 at 10:00 p.m. Eastern Time)

(or any adjournment(s) or postponement(s) thereof)

**AND**

**NOTICE OF A MEETING OF THE HOLDERS OF CLASS B ORDINARY SHARES**

To Be Held Immediately Following the Meeting of the Holders of the Class A Ordinary Shares

(or any adjournment(s) or postponement(s) thereof)

**AND**

**NOTICE OF AN ANNUAL GENERAL MEETING OF SHAREHOLDERS**

To Be Held Immediately Following the Meeting of the Holders of the Class B Ordinary Shares

(or any adjournment(s) or postponement(s) thereof)

**NOTICE OF A MEETING OF THE HOLDERS OF CLASS A ORDINARY SHARES**

June 11, 2026

Dear Shareholders:

Notice is hereby given that a meeting of the holders of class A ordinary shares of a par value of US$0.0025 each (the "**Class A Ordinary Shares**") of Wellchange Holdings Company Limited, a Cayman Islands exempted company (the "**Company**") (the "**Class A Meeting**"), will be held on July 6, 2026 at 10:00 a.m. Hong Kong Time (July 5, 2026 at 10:00 p.m. Eastern Time), at Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong, for the purpose of considering and, if thought fit, passing the following resolution:

By a special resolution of the holders of Class A Ordinary Shares, being the affirmative vote of a majority of not less than two-thirds (2/3) of the votes cast by the holders of Class A Ordinary Shares present in person or by proxy and entitled to vote at the Class A Meeting, to approve, insofar as the same constitutes a variation or abrogation of the rights attached to the Class A Ordinary Shares, (i) the increase of the voting rights attached to each Class B ordinary share, par value US$0.0025 each ("**Class B Ordinary Share**"), from thirty-five (35) votes per share to one hundred (100) votes per share on all matters subject to vote at general meetings of the Company (the "**Increase of Voting Rights of Class B Ordinary Shares**") and (ii) the adoption of the fifth amended and restated memorandum and articles of association of the Company in the form attached as <u>Appendix A</u> to the proxy statement accompanying this notice in substitution for, and to the exclusion of, the existing amended and restated memorandum and articles of association of the Company (the "**Adoption of the Amended and Restated M&A**"), in each case as contemplated by Proposal Three (the "**Class A Proposal**").

The Company's board of directors urges shareholders to vote "FOR" the Class A Proposal.

A proxy statement describing the matters to be considered at the Class A Meeting is attached to this Notice.

**NOTICE OF A MEETING OF THE HOLDERS OF CLASS B ORDINARY SHARES**

Notice is hereby given that a meeting of the holders of class B ordinary shares of a par value of US$0.0025 each (the "**Class B Ordinary Shares**") of the Company (the "**Class B Meeting**"), will be held immediately following the Class A Meeting at Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong, for the purpose of considering and, if thought fit, passing the following resolution:

By a special resolution of the holders of Class B Ordinary Shares, being the affirmative vote of not less than two-thirds (2/3) of the votes cast by the holders of Class B Ordinary Shares present in person or by proxy and entitled to vote at the Class B Meeting, to approve, insofar as the same constitutes a variation or abrogation of the rights attached to the Class B Ordinary Shares, (i) the Increase of Voting Rights of Class B Ordinary Shares, (ii) the Adoption of the Amended and Restated M&A, and (iii) to approve the consolidation of every four hundred (400) issued and unissued Class A Ordinary Shares into one (1) Class A Ordinary Share, at an aggregate ratio of one-for-four hundred (1-for-400) (the "**Class A Share Consolidation**"), to be effected by the Board of Directors in its sole discretion in one or more tranches at any time within twelve (12) months following the date of the this meeting, on such effective date or dates as the Board of Directors shall determine and announce, with the par value of each Class A Ordinary Share being increased proportionally on each effective date so that the aggregate authorized share capital of the Company attributable to the Class A Ordinary Shares remains unchanged, with the Class B Ordinary Shares remaining unconsolidated, with the conversion rate applicable to the Class B Ordinary Shares being adjusted in accordance with the existing amended and restated memorandum and articles of association of the Company, and with any fractional Class A Ordinary Shares created as a result of the Class A Share Consolidation being rounded up to the nearest whole share at the holder level, in each case as contemplated by Proposal Three and Proposal Four (the "**Class B Proposal**").

The Company's board of directors urges shareholders to vote "FOR" the Class B Proposal.

A proxy statement describing the matters to be considered at the Class B Meeting is attached to this Notice.

**NOTICE OF AN ANNUAL GENERAL MEETING OF SHAREHOLDERS**

Notice is hereby given that an annual general meeting of shareholders of the Company (the "**AGM**", and together with the Class A Meeting and the Class B Meeting, the "**Meetings**") will be held immediately following the Class B Meeting at Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong, for the purpose of considering and, if thought fit, passing and approving the following resolutions:

**Proposal One.** By a special resolution, subject to the directors of the Company making the requisite solvency statement in accordance with the Companies Act (As Revised) and the filing and registration of the same, together with the minute of reduction, with the Registrar of Companies of the Cayman Islands in accordance with the Companies Act (As Revised), to approve a reduction of the Company's authorized share capital from (i) US$50,000 divided into 18,000,000 Class A Ordinary Shares of par value US$0.0025 each and 2,000,000 Class B Ordinary Shares of par value US$0.0025 each, to (ii) US$100 divided into 18,000,000 Class A Ordinary Shares of par value US$0.000005 each and 2,000,000 Class B Ordinary Shares of par value US$0.000005 each, by reducing the par value of each issued and unissued share, and that the amount by which the issued share capital is reduced shall be credited to the share premium account of the Company (the "**Par Value Reduction**").

The Board urges shareholders to vote "FOR" Proposal One.

**Proposal Two.** By an ordinary resolution, conditional upon and with effect immediately following the Par Value Reduction becoming effective, to increase the authorized share capital of the Company from US$100 divided into 18,000,000 Class A Ordinary Shares of par value US$0.000005 each and 2,000,000 Class B Ordinary Shares of par value US$0.000005 each, to US$50,000 divided into 9,900,000,000 Class A Ordinary Shares of par value US$0.000005 each and 100,000,000 Class B Ordinary Shares of par value US$0.000005 each (the "**Share Capital Increase**").

The Board urges shareholders to vote "FOR" Proposal Two.

**Proposal Three.** By a special resolution, subject to and conditional upon all requisite class consents (the Class A Proposal and the Class B Proposal) being obtained, to approve the increase of the voting rights attached to each Class B Ordinary Share of par value US$0.0025 each from thirty-five (35) votes per share to one hundred (100) votes per share on all matters subject to vote at general meetings of the Company (the "**Increase of Voting Rights of Class B Ordinary Shares**") and the adoption of the fifth amended and restated memorandum and articles of association of the Company in the form attached as <u>Appendix A</u> to the proxy statement accompanying this notice in substitution for, and to the exclusion of, the existing amended and restated memorandum and articles of association of the Company (the "**Adoption of the Amended and Restated M&A**").

The Board urges shareholders to vote "FOR" Proposal Three.

**Proposal Four.** By an ordinary resolution, subject to and conditional upon approval by the shareholders of Proposal One and Proposal Two and all requisite class consents (the Class A Proposal and the Class B Proposal) being obtained, to approve the consolidation of every four hundred (400) issued and unissued Class A Ordinary Shares into one (1) Class A Ordinary Share, at an aggregate ratio of one-for-four hundred (1-for-400), to be effected by the Board of Directors in its sole discretion in one or more tranches at any time within twelve (12) months following the date of the AGM, on such effective date or dates as the Board of Directors shall determine and announce, with the par value of each Class A Ordinary Share being increased proportionally on each effective date so that the aggregate authorized share capital of the Company attributable to the Class A Ordinary Shares remains unchanged, with the Class B Ordinary Shares remaining unconsolidated, with the conversion rate applicable to the Class B Ordinary Shares being adjusted in accordance with the existing amended and restated memorandum and articles of association of the Company, and with any fractional Class A Ordinary Shares created as a result of the Class A Share Consolidation being rounded up to the nearest whole share at the holder level.

The Board urges shareholders to vote "FOR" Proposal Four.

**Proposal Five.** By an ordinary resolution, to adjourn either or both of the Class A Meeting and the AGM to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of any of the Class A Proposal, Proposal One, Proposal Two, Proposal Three, Proposal Four and Proposal Five (the "**Adjournment**").

The Board urges shareholders to vote "FOR" Proposal Five.

Holders of record of the Company's Class A Ordinary Shares and Class B Ordinary Shares at the close of business on June 9, 2026 (the "**Record Date**") are entitled to receive notice of, and to attend and vote at, the Meetings (subject, in the case of the Class A Meeting and the Class B Meeting, to holding shares of the relevant class as of the Record Date).

A proxy statement describing the matters to be considered at the AGM is attached to this Notice.

This notice, proxy statement, and forms of proxy card are being distributed and made available on or about June 16, 2026.

Your vote is important. Whether or not you plan to attend the Meetings, the Board hopes that you will vote as soon as possible. You may vote your shares by either completing, signing and returning the accompanying proxy card(s) or casting your vote over the Internet.

By Order of the Board of Directors,

---

| |
|:---|
| Sincerely, |
| /s/ Shek Kin Pong |
| Shek Kin Pong |
| Chief Executive Officer |

---

**IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE MEETING OF THE HOLDERS OF CLASS A ORDINARY SHARES, THE MEETING OF THE HOLDERS OF CLASS B ORDINARY SHARES, AND THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF THE COMPANY TO BE HELD ON July 6, 2026.**

**Wellchange Holdings Company Limited**

Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street,

Kowloon, Hong Kong

**PROXY STATEMENT**

The board of directors (the "**Board**") of Wellchange Holdings Company Limited, a Cayman Islands exempted company (the "**Company**," or "**we**"), is furnishing this Proxy Statement and the accompanying proxy cards to you to solicit your proxy to vote at the Class A Meeting, the Class B Meeting, and the AGM (together, the "**Meetings**"). The Meetings will be held consecutively on July 6, 2026, commencing at 10:00 a.m., Hong Kong Time (July 5, 2026 at 10:00 p.m. Eastern Time), at Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong.

**QUESTIONS AND ANSWERS ABOUT THE MEETINGS**

**What is this proxy statement?**

You have received this proxy statement because our Board is soliciting your proxy to vote your shares at the Meetings. This proxy statement includes information that we are required to provide to you under the rules of the U.S. Securities and Exchange Commission ("SEC") and that is designed to assist you in voting your shares.

**What is the purpose of the Meetings?**

At the Meetings, our shareholders will act upon the matters described in this proxy statement.

These matters include, at the Class A Meeting, the Class A Proposal; at the Class B Meeting, the Class B Proposal; and at the AGM, 1) the Par Value Reduction, 2) the Share Capital Increase, 3) the Increase of Voting Rights of Class B Ordinary Shares and the Adoption of the Amended and Restated M&A, 4) the Class A Share Consolidation, and 5) the Adjournment, if necessary.

**What are the Board's recommendations?**

Our Board recommends that you vote:

● FOR the Class A Proposal (Class A Meeting);

● FOR the Class B Proposal (Class B Meeting);

● FOR the Par Value Reduction (Proposal One);

● FOR the Share Capital Increase (Proposal Two);

● FOR the Increase of Voting Rights of Class B Ordinary Shares and the Adoption of the Amended and Restated M&A (Proposal Three);

● FOR the Class A Share Consolidation (Proposal Four); and

● FOR the Adjournment, if necessary (Proposal Five).

**Who is entitled to attend and vote at the Meetings?**

Only holders of record of the relevant class of shares at the close of business on June 9, 2026, which we refer to as the Record Date, are entitled to receive notice of, and to attend and vote at, the applicable Meeting. As of the Record Date, there were 145,265,000 Class A Ordinary Shares, par value US$0.0025 each, and 8,000,000 Class B Ordinary Shares, par value US$0.0025 each, issued and outstanding. Holders of Class A Ordinary Shares as of the Record Date are entitled to one (1) vote, and holders of Class B Ordinary Shares as of the Record Date are entitled to thirty-five (35) votes, for each share held as of the Record Date on each of the proposals on which the relevant class is entitled to vote.

**What is the difference between holding shares as a shareholder of record and as a beneficial owner?**

Shareholder of Record. If your shares are registered directly in your name with our transfer agent, Vstock Transfer, LLC, you are considered, with respect to those shares, the "shareholder of record." This proxy statement has been sent directly to you by us.

Beneficial Owner. If your shares are held in a stock brokerage account or by a bank or other nominee, you are considered the "beneficial owner" of shares held in street name. This proxy statement has been forwarded to you by your broker, bank or nominee who is considered, with respect to those shares, the shareholder of record. As the beneficial owner, you have the right to direct your broker, bank or nominee how to vote your shares by using the voting instructions included with your proxy materials.

**How do I vote my shares?**

Shareholders who wish to exercise their votes must submit a proxy card to appoint the Chairman of the relevant Meeting to cast votes on their behalf. If you are a shareholder of record, you have the following voting options:

To vote by Internet

1) Visit www.proxyvote.com or scan the QR code on your voting card.

To vote by Telephone

1) Call the telephone number on your voting card or email.

To vote by Mail

1) Check the appropriate boxes on the voting instruction form.

2) Sign, date, and return your voting card in the enclosed envelope.

If you vote via the internet, your electronic vote authorizes the named proxies in the same manner as if you signed, dated, and returned your proxy card. If you vote via the internet, do not return your proxy card.

If you hold your shares through an account with a bank or broker, your ability to vote by the Internet depends on their voting procedures. Please follow the directions that your bank or broker provides.

Please note that the latest we will accept voting is on July 5, 2026, at 11:59 A.M., Hong Kong Time (July 4, 2026, at 11:59 P.M., Eastern Time).

If you vote by proxy, the individuals named on the proxy card (your "proxies") will vote your shares in the manner you indicate. You may specify how your shares should be voted for each of the proposals. If you grant a proxy without indicating your voting instructions, your shares will be voted as follows:

● FOR the Class A Proposal (if you hold Class A Ordinary Shares);

● FOR the Class B Proposal (if you hold Class B Ordinary Share);

● FOR each of Proposal One, Proposal Two, Proposal Three, Proposal Four and Proposal Five at the AGM.

**What constitutes a quorum?**

According to the Company's amended and restated memorandum and articles of association, (i) the presence in person or by proxy of one or more holders of at least one-third (1/3) of the issued Class A Ordinary Shares shall be a quorum for the Class A Meeting; (ii) the presence in person or by proxy of one or more holders of at least one-third (1/3) of the issued Class B Ordinary Shares shall be a quorum for the Class B Meeting, and (iii) the presence in person or by proxy of one or more holders of at least one-third (1/3) of the paid-up voting share capital of the Company shall be a quorum for the AGM, in each case for the transaction of business except as otherwise provided by law.

**What is a broker "non-vote" and what is its effect on voting?**

If you are a beneficial owner of shares held in street name and do not provide the organization that holds your shares with specific voting instructions, under the rules of various national and regional securities exchanges, the organization that holds your shares may generally vote on routine matters but cannot vote on non-routine matters. If the organization that holds your shares does not receive instructions from you on how to vote your shares on a non-routine matter, the organization that holds your shares does not have the authority to vote on the matter with respect to those shares. This is generally referred to as a "broker non-vote."

**What is required to approve each item?**

● The Class A Proposal shall be passed by way of a special resolution of the holders of Class A Ordinary Shares, being the affirmative vote of a majority of not less than two-thirds (2/3rds) of the votes cast by such holders as, being entitled to do so, vote in person or by proxy at the Class A Meeting.

● The Class B Proposal shall be passed by way of a special resolution of the holders of Class B Ordinary Shares, being the affirmative vote of a majority of not less than two-thirds (2/3rds) of the votes cast by such holders as, being entitled to do so, vote in person or by proxy at the Class B Meeting.

● Proposal One shall be passed by way of a special resolution, being the affirmative vote of a majority of not less than two-thirds (2/3rds) of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM (and, where a poll is taken, regard shall be had in computing a majority to the number of votes to which each shareholder is entitled).

● Proposal Two shall be passed by way of an ordinary resolution, being the affirmative vote of a simple majority of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM (and where a poll is taken, regard shall be had in computing a majority to the number of votes to which each shareholder is entitled).

● Proposal Three shall be passed by way of a special resolution, being the affirmative vote of a majority of not less than two-thirds (2/3rds) of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM (and, where a poll is taken, regard shall be had in computing a majority to the number of votes to which each shareholder is entitled).

● Proposal Four shall be passed by way of an ordinary resolution, being the affirmative vote of a simple majority of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM (and where a poll is taken, regard shall be had in computing a majority to the number of votes to which each shareholder is entitled).

● Proposal Five shall be passed by way of an ordinary resolution, being the affirmative vote of a simple majority of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM (and where a poll is taken, regard shall be had in computing a majority to the number of votes to which each shareholder is entitled).

For the purpose of determining whether the shareholders have approved any of the Class A Proposal, the Class B Proposal, Proposal One, Proposal Two, Proposal Three, Proposal Four and Proposal Five, abstentions and broker non-votes, if any, will not be counted as votes cast and will not affect the outcome of the relevant proposal, although they will be counted for purposes of determining whether there is a quorum present at the applicable Meeting.

**How will shares represented by properly executed proxies be voted?**

All shares represented by proper proxies will, unless such proxies have previously been revoked, be voted in accordance with the instructions indicated in such proxies. If you do not provide voting instructions, your shares will be voted in accordance with the Board's recommendations as set forth herein.

**Can I change my vote or revoke my proxy?**

Any shareholder executing a proxy has the power to revoke such proxy at any time prior to its exercise. You may revoke your proxy prior to exercise by:

● filing with us a written notice of revocation of your proxy;

● submitting a properly signed proxy card by mail, email or fax bearing a later date;

● voting over the Internet; or

● voting in person at the applicable Meeting.

**What does it mean if I receive more than one set of proxy materials?**

If your shares are registered under different names or are in more than one account, you may receive more than one set of proxy materials. To ensure that all your shares are voted, please vote through the Internet using each personal identification number you are provided, or complete, sign and date the multiple proxy cards relating to your multiple accounts. We encourage you whenever possible to have all accounts registered in the same name and address. You can accomplish this by contacting our transfer agent, Vstock Transfer, LLC, at 212-828-8436.

**Who paid for this proxy solicitation?**

The cost of preparing, printing, assembling and mailing this proxy statement and other material furnished to shareholders in connection with the solicitation of proxies is borne by us.

**How do I learn the results of the voting at the Meetings?**

Preliminary results will be announced at the Meetings. Final results will be published in a Current Report on Form 6-K furnished to the SEC.

**How are proxies solicited?**

In addition to the mail solicitation of proxies, our officers, directors, employees and agents may solicit proxies by written communication, telephone or personal call. These persons will receive no special compensation for any solicitation activities. We will reimburse banks, brokers and other persons holding shares for their expenses in forwarding proxy solicitation materials to beneficial owners.

**What is "householding?"**

"Householding" means that we deliver a single set of proxy materials when requested to households with multiple shareholders, provided certain conditions are met. Householding reduces our printing and mailing costs.

If you or another shareholder of record sharing your address would like to receive an additional copy of the proxy materials, we will promptly deliver it to you upon your request by sending a written request by mail to: Wellchange Holdings Company Limited, Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong. If you would like to opt out of householding in future mailings, or if you are currently receiving multiple mailings at one address and would like to request householder mailings, you may do so by contacting our Corporate Secretary as indicated above.

**Can I receive future shareholder communications electronically through the Internet?**

Yes. You may elect to receive future notices of meetings, proxy materials and annual reports electronically through the Internet. To consent to electronic delivery, vote your shares using the Internet. At the end of the Internet voting procedure, the on-screen Internet voting instructions will tell you how to request that future shareholder communications be sent to you electronically. Once you consent to electronic delivery, you must vote your shares using the Internet and your consent will remain in effect until withdrawn. You may withdraw this consent at any time during the voting process and resume receiving shareholder communications in print form.

**Whom may I contact for further assistance?**

If you have any questions about giving your proxy or require any assistance, please contact the Company at its principal executive offices at Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong.

The proposal for the Class A Meeting is as follows:

**THE CLASS A PROPOSAL**

**Background**

At the Class A Meeting, the holders of Class A Ordinary Shares are being asked to approve, insofar as the same constitutes a variation or abrogation of the rights attached to the Class A Ordinary Shares, the Increase of Voting Rights of Class B Ordinary Shares and the Adoption of the Amended and Restated M&A, in each case as contemplated by the resolutions to be considered at the AGM. Because these matters may affect the rights attached to the Class A Ordinary Shares, Cayman Islands law and the Company's amended and restated memorandum and articles of association require that they be sanctioned by the holders of Class A Ordinary Shares voting as a separate class. The Class A Proposal is being submitted for that purpose.

**Vote Required**

The affirmative vote of a majority of not less than two-thirds (2/3) of the votes cast by the holders of the Class A Ordinary Shares present in person or by proxy and entitled to vote at the Class A Meeting is required to approve this Proposal. Unless otherwise instructed on the proxy or unless authority to vote is withheld, shares represented by executed proxies will be voted "FOR" this Proposal. Abstentions and broker non-votes, if any, will not be counted as votes cast and will not affect the outcome of this Proposal, although they will be counted for purposes of determining whether there is a quorum present.

**Recommendation of the Board of Directors**

**THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE HOLDERS OF CLASS A ORDINARY SHARES VOTE "FOR" THE CLASS A PROPOSAL.**

The proposal for the Class B Meeting is as follows:

**THE CLASS B PROPOSAL**

**Background**

At the Class B Meeting, the holders of Class B Ordinary Shares are being asked to approve, insofar as the same constitutes a variation or abrogation of the rights attached to the Class B Ordinary Shares, the Increase of Voting Rights of Class B Ordinary Shares, the Adoption of the Amended and Restated M&A and the Class A Share Consolidation, in each case as contemplated by the resolutions to be considered at the AGM. Because these matters, including the adjustment to the conversion rate applicable to the Class B Ordinary Shares resulting from the Class A Share Consolidation, may affect the rights attached to the Class B Ordinary Shares, Cayman Islands law and the Company's amended and restated memorandum and articles of association require that they be sanctioned by the holders of Class B Ordinary Shares voting as a separate class. The Class B Proposal is being submitted for that purpose.

**Vote Required**

The affirmative vote of a majority of not less than two-thirds (2/3) of the votes cast by the holders of the Class B Ordinary Shares present in person or by proxy and entitled to vote at the Class B Meeting is required to approve this Proposal. Unless otherwise instructed on the proxy or unless authority to vote is withheld, shares represented by executed proxies will be voted "FOR" this Proposal. Abstentions and broker non-votes, if any, will not be counted as votes cast and will not affect the outcome of this Proposal, although they will be counted for purposes of determining whether there is a quorum present.

**Recommendation of the Board of Directors**

**THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE HOLDERS OF CLASS B ORDINARY SHARES VOTE "FOR" THE CLASS B PROPOSAL.**

The proposals for the AGM are as follows:

**PROPOSAL ONE**

**PAR VALUE REDUCTION**

**Background**

The Board has determined that it is advisable to reduce the par value of each Class A Ordinary Share and each Class B Ordinary Share from US$0.0025 to US$0.000005 in order to facilitate the increase in the Company's authorized share capital contemplated by Proposal Two while maintaining the Company's aggregate authorized share capital. The Par Value Reduction will be effected as a reduction of capital under the Companies Act (As Revised) of the Cayman Islands, conditional on the directors making the requisite solvency statement and on the filing and registration of that statement, together with the minute of reduction, with the Registrar of Companies of the Cayman Islands. The amount by which the issued share capital is reduced will be credited to the share premium account of the Company.

**Vote Required**

The affirmative vote of a majority of not less than two-thirds (2/3) of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM is required to approve this Proposal. Unless otherwise instructed on the proxy or unless authority to vote is withheld, shares represented by executed proxies will be voted "FOR" this Proposal. Abstentions and broker non-votes, if any, will not be counted as votes cast and will not affect the outcome of this Proposal, although they will be counted for purposes of determining whether there is a quorum present.

**Recommendation of the Board of Directors**

**THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS VOTE "FOR" THIS PROPOSAL.**

**PROPOSAL TWO**

**SHARE CAPITAL INCREASE**

**Background**

Conditional on, and with effect immediately following, the effectiveness of the Par Value Reduction, the Board proposes to increase the Company's authorized share capital to US$50,000 divided into 9,900,000,000 Class A Ordinary Shares and 100,000,000 Class B Ordinary Shares of par value US$0.000005 each, in order to provide the Company with flexibility to pursue future financings, equity incentive arrangements, strategic transactions and other corporate purposes.

**Vote Required**

The affirmative vote of a simple majority of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM is required to approve this Proposal. Unless otherwise instructed on the proxy or unless authority to vote is withheld, shares represented by executed proxies will be voted "FOR" this Proposal. Abstentions and broker non-votes, if any, will not be counted as votes cast and will not affect the outcome of this Proposal, although they will be counted for purposes of determining whether there is a quorum present.

**Recommendation of the Board of Directors**

**THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS VOTE "FOR" THIS PROPOSAL.**

**PROPOSAL THREE**

**INCREASE OF VOTING RIGHTS OF CLASS B ORDINARY SHARES AND ADOPTION OF THE AMENDED AND RESTATED M&A**

**Background**

The Board proposes to increase the voting rights attached to each Class B Ordinary Share from thirty-five (35) votes per share to one hundred (100) votes per share on all matters subject to a vote at general meetings of the Company, and to adopt the fifth amended and restated memorandum and articles of association of the Company in the form attached as Appendix A to reflect that change. Proposal Three is conditional on, and will not take effect unless, the requisite class consents (the Class A Proposal and the Class B Proposal) are obtained.

**Vote Required**

The affirmative vote of a majority of not less than two-thirds (2/3) of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM is required to approve this Proposal. Unless otherwise instructed on the proxy or unless authority to vote is withheld, shares represented by executed proxies will be voted "FOR" this Proposal. Abstentions and broker non-votes, if any, will not be counted as votes cast and will not affect the outcome of this Proposal, although they will be counted for purposes of determining whether there is a quorum present.

**Recommendation of the Board of Directors**

**THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS VOTE "FOR" THIS PROPOSAL.**

**PROPOSAL FOUR**

**CLASS A SHARE CONSOLIDATION**

**Background**

The Board proposes to consolidate the Class A Ordinary Shares at an aggregate ratio of one-for-four hundred (1-for-400), among other reasons, to increase the per-share trading price of the Class A Ordinary Shares and to support compliance with the minimum bid price requirement of the Nasdaq Stock Market. Only the Class A Ordinary Shares will be subject to the Class A Share Consolidation; the Class B Ordinary Shares will remain unconsolidated, with the conversion rate applicable to the Class B Ordinary Shares adjusted in accordance with the existing amended and restated memorandum and articles of association. The Class A Share Consolidation may be effected by the Board in its sole discretion in one or more tranches at any time within twelve (12) months following the date of the AGM, with the par value of each Class A Ordinary Share increased proportionally so that the aggregate authorized share capital attributable to the Class A Ordinary Shares remains unchanged, and with any fractional Class A Ordinary Shares rounded up to the nearest whole share at the holder level. Proposal Four is conditional on Proposal One, Proposal Two and all requisite class consents (the Class A Proposal and the Class B Proposal) being obtained.

**Vote Required**

The affirmative vote of a simple majority of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM is required to approve this Proposal. Unless otherwise instructed on the proxy or unless authority to vote is withheld, shares represented by executed proxies will be voted "FOR" this Proposal. Abstentions and broker non-votes, if any, will not be counted as votes cast and will not affect the outcome of this Proposal, although they will be counted for purposes of determining whether there is a quorum present.

**Recommendation of the Board of Directors**

**THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS VOTE "FOR" THIS PROPOSAL.**

**PROPOSAL FIVE**

**ADJOURNMENT**

**Background**

Proposal Five authorizes the chairman of the relevant Meeting to adjourn any or all of the Class A Meeting, the Class B Meeting and the AGM to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of any of the proposals.

**Vote Required**

The affirmative vote of a simple majority of such shareholders as, being entitled to do so, vote in person or by proxy at the AGM is required to approve this Proposal. Unless otherwise instructed on the proxy or unless authority to vote is withheld, shares represented by executed proxies will be voted "FOR" this Proposal. Abstentions and broker non-votes, if any, will not be counted as votes cast and will not affect the outcome of this Proposal, although they will be counted for purposes of determining whether there is a quorum present.

**Recommendation of the Board of Directors**

**THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT THE SHAREHOLDERS VOTE "FOR" THIS PROPOSAL.**

**OTHER MATTERS**

As of the date of this Proxy Statement, the Board of Directors has no knowledge of any business which will be presented for consideration at the Meeting other than the Re-appointment of directors, the adoption of the Dual-Class Share Capital Structure, the Authorized Share Capital Increase, the Share Consolidation, and the adjournment of the Meeting to a later date or dates, if necessary.

**WHERE YOU CAN FIND MORE INFORMATION**

The Company files reports and other documents with the SEC under the Exchange Act. The Company's SEC filings made electronically through the SEC's EDGAR system are available to the public at the SEC's website at *http://www.sec.gov*.

---

| | |
|:---|:---|
| Date: June 11, 2026 | By Order of the Board of Directors |
|  | */s/ Shek Kin Pong* |
|  | Shek Kin Pong |
|  | Chief Executive Officer |

---

**Appendix A — Form of Fifth Amended and Restated Memorandum and Articles of Association of Wellchange Holdings Company Limited** 

---

| |
|:---|
| &nbsp;&nbsp;**Companies Act (Revised)**<br> **Company Limited by Shares**<br>&nbsp;&nbsp;<br> **Fifth Amended and Restated** <br> **Memorandum of Association<br> of<br> Wellchange Holdings Company Limited**<br>|
| &nbsp;&nbsp;Adopted by a special resolution passed on [date] 2026 |

---

![](ea029375201_ex99-1img1.jpg)

**Companies Act (Revised)**

**Company Limited by Shares**

**Fifth Amended and Restated**

**Memorandum of Association**

**of**

**Wellchange Holdings Company Limited**

Adopted by a special resolution passed on [date] 2026

1 The name of the Company is Wellchange Holdings Company Limited.

---

| | |
|:---|:---|
| 2 | The Registered Office of the Company shall be at the offices of Ogier Global (Cayman) Limited, 89 Nexus Way, Camana Bay, Grand Cayman, KY1-9009, Cayman Islands, or at such other place in the Cayman Islands as the directors may at any time decide. |

---

---

| | |
|:---|:---|
| 3 | The Company's objects are unrestricted. As provided by section 7(4) of the Companies Act (Revised), the Company has full power and authority to carry out any object not prohibited by any law of the Cayman Islands. |

---

---

| | |
|:---|:---|
| 4 | The Company has unrestricted corporate capacity. Without limitation to the foregoing, as provided by section 27 (2) of the Companies Act (Revised), the Company has and is capable of exercising all the functions of a natural person of full capacity irrespective of any question of corporate benefit. |

---

5 Nothing in any of the preceding paragraphs permits the Company to carry on any of the following businesses without being duly licensed, namely:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the business of a bank or trust company
 without being licensed in that behalf under the Banks and Trust Companies Act (Revised);
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) insurance business from within the
 Cayman Islands or the business of an insurance manager, agent, sub-agent or broker without
 being licensed in that behalf under the Insurance Act (Revised);or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the business of company management
 without being licensed in that behalf under the Companies Management Act (Revised).

---

| | |
|:---|:---|
| 6 | Unless licensed to do so, the Company will not trade in the Cayman Islands with any person, firm or corporation except in furtherance of its business carried on outside the Cayman Islands. Despite this, the Company may effect and conclude contracts in the Cayman Islands and exercise in the Cayman Islands any of its powers necessary for the carrying on of its business outside the Cayman Islands. |

---

---

| | |
|:---|:---|
| 7 | The Company is a company limited by shares and accordingly the liability of each member is limited to the amount (if any) unpaid on that member's shares. |

---

---

| | |
|:---|:---|
| 8 | The authorised share capital of the Company is USD50,000.00 divided into 9,900,000,000 Class A Ordinary Shares of par value USD0.000005 each and 100,000,000 Class B Ordinary Shares of par value USD0.000005 each. Other than as set out in the preceding sentence, there is no limit on the number of Shares of any class which the Company is authorised to issue. However, subject to the Companies Act (Revised) and the Company's articles of association, the Company has power to do any one or more of the following: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to redeem or repurchase any of its shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to increase or reduce its capital;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to issue any part of its capital (whether
 original, redeemed, increased or reduced):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) with or without any preferential, deferred,
 qualified or special rights, privileges or conditions; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) subject to any limitations or restrictions

and unless the condition of issue expressly declares otherwise, every issue of shares (whether declared to be ordinary, preference or otherwise) is subject to this power; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) to alter any of those rights, privileges,
 conditions, limitations or restrictions.

---

| | |
|:---|:---|
| 9 | The Company has power to register by way of continuation as a body corporate limited by shares under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the Cayman Islands. |

---

---

| |
|:---|
| &nbsp;&nbsp;**Companies Act (Revised)**<br>**Company Limited By Shares**<br>&nbsp;&nbsp;**Fifth Amended and Restated<br> Articles of Association<br> of<br> Wellchange Holdings Company Limited**<br>|
| &nbsp;&nbsp; <br> (Adopted by a special resolution passed on [date] 2026) |

---

![](ea029375201_ex99-1img1.jpg)

**Contents**

---

| | | |
|:---|:---|:---|
| **1** | **Definitions, interpretation and exclusion of Table A** | **1** |
| Definitions | Definitions | 1 |
| Interpretation | Interpretation | 4 |
| Exclusion of Table A Articles | Exclusion of Table A Articles | 5 |
| **2** | **Shares** | **5** |
| Power to issue Shares and options, with or without special rights | Power to issue Shares and options, with or without special rights | 5 |
| Power to issue fractions of a Share | Power to issue fractions of a Share | 6 |
| Power to pay commissions and brokerage fees | Power to pay commissions and brokerage fees | 6 |
| Trusts not recognised | Trusts not recognised | 6 |
| Security interests | Security interests | 6 |
| Rights of Shares | Rights of Shares | 6 |
| Power to vary class rights | Power to vary class rights | 8 |
| Effect of new Share issue on existing class rights | Effect of new Share issue on existing class rights | 8 |
| No bearer Shares or warrants | No bearer Shares or warrants | 8 |
| Treasury Shares | Treasury Shares | 8 |
| Rights attaching to Treasury Shares and related matters | Rights attaching to Treasury Shares and related matters | 8 |
| Register of Members | Register of Members | 9 |
| Annual Return | Annual Return | 9 |
| **3** | **Share certificates** | **9** |
| Issue of share certificates | Issue of share certificates | 9 |
| Renewal of lost or damaged share certificates | Renewal of lost or damaged share certificates | 10 |
| **4** | **Lien on Shares** | **10** |
| Nature and scope of lien | Nature and scope of lien | 10 |
| Company may sell Shares to satisfy lien | Company may sell Shares to satisfy lien | 10 |
| Authority to execute instrument of transfer | Authority to execute instrument of transfer | 11 |
| Consequences of sale of Shares to satisfy lien | Consequences of sale of Shares to satisfy lien | 11 |
| Application of proceeds of sale | Application of proceeds of sale | 11 |
| **5** | **Calls on Shares and forfeiture** | **12** |
| Power to make calls and effect of calls | Power to make calls and effect of calls | 12 |
| Time when call made | Time when call made | 12 |
| Liability of joint holders | Liability of joint holders | 12 |
| Interest on unpaid calls | Interest on unpaid calls | 12 |
| Deemed calls | Deemed calls | 12 |
| Power to accept early payment | Power to accept early payment | 13 |
| Power to make different arrangements at time of issue of Shares | Power to make different arrangements at time of issue of Shares | 13 |
| Notice of default | Notice of default | 13 |
| Forfeiture or surrender of Shares | Forfeiture or surrender of Shares | 13 |
| Disposal of forfeited or surrendered Share and power to cancel forfeiture or surrender | Disposal of forfeited or surrendered Share and power to cancel forfeiture or surrender | 13 |
| Effect of forfeiture or surrender on former Member | Effect of forfeiture or surrender on former Member | 13 |
| Evidence of forfeiture or surrender | Evidence of forfeiture or surrender | 14 |
| Sale of forfeited or surrendered Shares | Sale of forfeited or surrendered Shares | 14 |
| **6** | **Transfer of Shares** | **14** |
| Form of Transfer | Form of Transfer | 14 |
| Power to refuse registration for Shares not listed on a Designated Stock Exchange | Power to refuse registration for Shares not listed on a Designated Stock Exchange | 15 |
| Suspension of transfers | Suspension of transfers | 15 |
| Company may retain instrument of transfer | Company may retain instrument of transfer | 15 |
| Notice of refusal to register | Notice of refusal to register | 15 |

---

i

---

| | | |
|:---|:---|:---|
| **7** | **Transmission of Shares** | **16** |
| Persons entitled on death of a Member | Persons entitled on death of a Member | 16 |
| Registration of transfer of a Share following death or bankruptcy | Registration of transfer of a Share following death or bankruptcy | 16 |
| Indemnity | Indemnity | 16 |
| Rights of person entitled to a Share following death or bankruptcy | Rights of person entitled to a Share following death or bankruptcy | 16 |
| **8** | **Alteration of capital** | **16** |
| Increasing, consolidating, converting, dividing and cancelling share capital | Increasing, consolidating, converting, dividing and cancelling share capital | 16 |
| Dealing with fractions resulting from consolidation of Shares | Dealing with fractions resulting from consolidation of Shares | 17 |
| Reducing share capital | Reducing share capital | 17 |
| **9** | **Redemption and purchase of own Shares** | **17** |
| Power to issue redeemable Shares and to purchase own Shares | Power to issue redeemable Shares and to purchase own Shares | 17 |
| Power to pay for redemption or purchase in cash or in specie | Power to pay for redemption or purchase in cash or in specie | 18 |
| Effect of redemption or purchase of a Share | Effect of redemption or purchase of a Share | 18 |
| **10** | **Meetings of Members** | **18** |
| Annual and extraordinary general meetings | Annual and extraordinary general meetings | 18 |
| Power to call meetings | Power to call meetings | 19 |
| Content of notice | Content of notice | 19 |
| Period of notice | Period of notice | 20 |
| Persons entitled to receive notice | Persons entitled to receive notice | 20 |
| Accidental omission to give notice or non-receipt of notice | Accidental omission to give notice or non-receipt of notice | 21 |
| **11** | **Proceedings at meetings of Members** | **21** |
| Quorum | Quorum | 21 |
| Lack of quorum | Lack of quorum | 21 |
| Chairman | Chairman | 22 |
| Right of a Director to attend and speak | Right of a Director to attend and speak | 22 |
| Accommodation of Members at Virtual Meeting | Accommodation of Members at Virtual Meeting | 22 |
| Security | Security | 22 |
| Adjournment, postponement and cancellation | Adjournment, postponement and cancellation | 23 |
| Method of voting | Method of voting | 23 |
| Taking of a poll | Taking of a poll | 23 |
| Chairman's casting vote | Chairman's casting vote | 23 |
| Written resolutions | Written resolutions | 23 |
| Sole-Member Company | Sole-Member Company | 25 |
| **12** | **Voting rights of Members** | **25** |
| Right to vote | Right to vote | 25 |
| Rights of joint holders | Rights of joint holders | 25 |
| Representation of corporate Members | Representation of corporate Members | 26 |
| Member with mental disorder | Member with mental disorder | 26 |
| Objections to admissibility of votes | Objections to admissibility of votes | 26 |
| Form of proxy | Form of proxy | 27 |
| How and when proxy is to be delivered | How and when proxy is to be delivered | 27 |
| Voting by proxy | Voting by proxy | 28 |
| **13** | **Number of Directors** | **29** |

---

---

| | | |
|:---|:---|:---|
| **14** | **Appointment, disqualification and removal of Directors** | **29** |
| First Directors | First Directors | 29 |
| No age limit | No age limit | 29 |
| Corporate Directors | Corporate Directors | 29 |
| No shareholding qualification | No shareholding qualification | 29 |
| Appointment of Directors | Appointment of Directors | 29 |
| Board's power to appoint Directors | Board's power to appoint Directors | 30 |
| Removal of Directors | Removal of Directors | 30 |
| Resignation of Directors | Resignation of Directors | 30 |
| Termination of the office of Director | Termination of the office of Director | 30 |

---

ii

---

| | | |
|:---|:---|:---|
| **15** | **Alternate Directors** | **31** |
| Appointment and removal | Appointment and removal | 31 |
| Notices | Notices | 32 |
| Rights of alternate Director | Rights of alternate Director | 32 |
| Appointment ceases when the appointor ceases to be a Director | Appointment ceases when the appointor ceases to be a Director | 32 |
| Status of alternate Director | Status of alternate Director | 32 |
| Status of the Director making the appointment | Status of the Director making the appointment | 32 |
| **16** | **Powers of Directors** | **33** |
| Powers of Directors | Powers of Directors | 33 |
| Directors below the minimum number | Directors below the minimum number | 33 |
| Appointments to office | Appointments to office | 33 |
| Provisions for employees | Provisions for employees | 34 |
| Exercise of voting rights | Exercise of voting rights | 34 |
| Remuneration | Remuneration | 34 |
| Disclosure of information | Disclosure of information | 35 |
| **17** | **Delegation of powers** | **35** |
| Power to delegate any of the Directors' powers to a committee | Power to delegate any of the Directors' powers to a committee | 35 |
| Local boards | Local boards | 36 |
| Power to appoint an agent of the Company | Power to appoint an agent of the Company | 36 |
| Power to appoint an attorney or authorised signatory of the Company | Power to appoint an attorney or authorised signatory of the Company | 36 |
| Borrowing Powers | Borrowing Powers | 37 |
| Corporate Governance | Corporate Governance | 37 |
| **18** | **Meetings of Directors** | **37** |
| Regulation of Directors' meetings | Regulation of Directors' meetings | 37 |
| Calling meetings | Calling meetings | 37 |
| Notice of meetings | Notice of meetings | 37 |
| Use of technology | Use of technology | 38 |
| Quorum | Quorum | 38 |
| Chairman or deputy to preside | Chairman or deputy to preside | 38 |
| Voting | Voting | 38 |
| Recording of dissent | Recording of dissent | 38 |
| Written resolutions | Written resolutions | 39 |
| Validity of acts of Directors in spite of formal defect | Validity of acts of Directors in spite of formal defect | 39 |
| **19** | **Permissible Directors' interests and disclosure** | **39** |
| **20** | **Minutes** | **40** |

---

---

| | | |
|:---|:---|:---|
| **21** | **Accounts and audit** | **40** |
| Financial year | Financial year | 40 |
| Auditors | Auditors | 40 |
| **22** | **Record dates** | **41** |
| **23** | **Dividends** | **41** |
| Source of dividends | Source of dividends | 41 |
| Declaration of dividends by Members | Declaration of dividends by Members | 41 |
| Payment of interim dividends and declaration of final dividends by Directors | Payment of interim dividends and declaration of final dividends by Directors | 41 |
| Apportionment of dividends | Apportionment of dividends | 42 |
| Right of set off | Right of set off | 42 |
| Power to pay other than in cash | Power to pay other than in cash | 42 |
| How payments may be made | How payments may be made | 43 |
| Dividends or other monies not to bear interest in absence of special rights | Dividends or other monies not to bear interest in absence of special rights | 43 |
| Dividends unable to be paid or unclaimed | Dividends unable to be paid or unclaimed | 44 |

---

iii

---

| | | |
|:---|:---|:---|
| **24** | **Capitalisation of profits** | **44** |
| Capitalisation of profits or of any share premium account or capital redemption reserve; | Capitalisation of profits or of any share premium account or capital redemption reserve; | 44 |
| Applying an amount for the benefit of Members | Applying an amount for the benefit of Members | 44 |
| **25** | **Share Premium Account** | **45** |
| Directors to maintain share premium account | Directors to maintain share premium account | 45 |
| Debits to share premium account | Debits to share premium account | 45 |
| **26** | **Seal** | **45** |
| Company seal | Company seal | 45 |
| Duplicate seal | Duplicate seal | 45 |
| When and how seal is to be used | When and how seal is to be used | 45 |
| If no seal is adopted or used | If no seal is adopted or used | 46 |
| Power to allow non-manual signatures and facsimile printing of seal | Power to allow non-manual signatures and facsimile printing of seal | 46 |
| Validity of execution | Validity of execution | 46 |
| **27** | **Indemnity** | **46** |
| Release | Release | 47 |
| Insurance | Insurance | 47 |
| **28** | **Notices** | **47** |
| Form of notices | Form of notices | 47 |
| Electronic communications | Electronic communications | 48 |
| Persons entitled to notices | Persons entitled to notices | 49 |
| Persons authorised to give notices | Persons authorised to give notices | 49 |
| Delivery of written notices | Delivery of written notices | 49 |
| Joint holders | Joint holders | 49 |
| Signatures | Signatures | 49 |
| Giving notice to a deceased or bankrupt Member | Giving notice to a deceased or bankrupt Member | 50 |
| Date of giving notices | Date of giving notices | 50 |
| Saving provision | Saving provision | 50 |
| **29** | **Authentication of Electronic Records** | **50** |
| Application of Articles | Application of Articles | 50 |
| Authentication of documents sent by Members by Electronic means | Authentication of documents sent by Members by Electronic means | 51 |
| Authentication of document sent by the Secretary or Officers of the Company by Electronic means | Authentication of document sent by the Secretary or Officers of the Company by Electronic means | 51 |
| Manner of signing | Manner of signing | 52 |
| Saving provision | Saving provision | 52 |
| **30** | **Transfer by way of continuation** | **52** |
| **31** | **Winding up** | **53** |
| Distribution of assets in specie | Distribution of assets in specie | 53 |
| No obligation to accept liability | No obligation to accept liability | 53 |
| **32** | **Amendment of Memorandum and Articles** | **53** |
| Power to change name or amend Memorandum | Power to change name or amend Memorandum | 53 |
| Power to amend these Articles | Power to amend these Articles | 53 |

---

iv

**Companies Act (Revised)**

**Company Limited by Shares**

**Fifth Amended and Restated<br> Articles of Association**

**of**

**Wellchange Holdings Company Limited**

(Adopted by a special resolution passed on [date] 2026)

1 Definitions, interpretation and exclusion of Table A

**Definitions**

1.1 In these Articles, the following definitions
 apply:

**Act** means the Companies Act (Revised) of the Cayman Islands, including any statutory modification or re-enactment thereof for the time being in force;

**Articles** means, as appropriate:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) these articles of association as amended
 from time to time: or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) two or more particular articles of
 these Articles;

and **Article** refers to a particular article of these Articles;

**Auditors** means the auditor or auditors for the time being of the Company;

**Board** means the board of Directors from time to time;

**Board Resolution** means (a) a resolution approved at a duly convened and constituted meeting of the Directors by an affirmative vote of a majority of the Directors present at the meeting who voted on the matter, or (b) a written resolution of the Directors passed in accordance with Article 18.14.

**Business Day** means a day when banks in Grand Cayman, the Cayman Islands are open for the transaction of normal banking business and for the avoidance of doubt, shall not include a Saturday, Sunday or public holiday in the Cayman Islands;

**Cayman Islands** means the British Overseas Territory of the Cayman Islands;

**Class A Ordinary Share** means the class A ordinary shares of US$0.000005 par value each of the Company, which have the rights set forth in these Articles;

**Class B Ordinary Share** means the class B ordinary shares of US$0.000005 par value each of the Company, which have the rights set forth in these Articles;

**Clear Days**, in relation to a period of notice, means that period of calendar days excluding:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the calendar day when the notice is
 given or deemed to be given; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the calendar day for which it is given
 or on which it is to take effect;

**Commission** means Securities and Exchange Commission of the United States of America or other federal agency for the time being administering the U.S. Securities Act;

**Company** means the above-named company;

**Conversion Date** means in respect of a Conversion Notice means the day on which that Conversion Notice is delivered;

**Conversion Notice** means a written notice delivered to the Company at its office (and as otherwise stated therein) stating that a holder of Class B Ordinary Shares elects to convert the number of Class B Ordinary Shares specified therein pursuant to Article 2.9(a);

**Conversion Number** in relation to any Class B Ordinary Shares, such number of Class A Ordinary Shares as may, upon exercise of the Conversion Right, be issued at the Conversion Rate;

**Conversion Rate** in relation to the conversion of Class B Ordinary Shares to Class A Ordinary Shares means, at any time, on a one-to-one basis. The foregoing Conversion Rate shall also be adjusted to account for any subdivision (by share split, subdivision, exchange, capitalisation, rights issue, reclassification, recapitalisation or otherwise) or combination (by reverse share split, share consolidation, exchange, reclassification, recapitalisation or otherwise) or similar reclassification or recapitalisation of the Class A Ordinary Shares in issue into a greater or lesser number of shares occurring after the original filing of the Articles without a proportionate and corresponding subdivision, combination or similar reclassification or recapitalisation of the Class B Ordinary Shares in issue;

**Conversion Right** in respect of a holder of Class B Ordinary Shares, subject to the provisions of these Articles and to any applicable fiscal or other laws or regulations including the Act, to convert all or any of its Class B Ordinary Shares, into the Conversion Number of Class A Ordinary Shares in its discretion;

**Default Rate** means ten per cent per annum;

**Designated Stock Exchanges** means the Nasdaq Capital Market in the United States of America for so long as any class of the Company's Shares are there listed and any other stock exchange on which any class of the Company's Shares are listed for trading;

**Designated Stock Exchange Rules** means the relevant code, rules and regulations, as amended, from time to time, applicable as a result of the original and continued listing of any Shares on the Designated Stock Exchanges;

**Directors** means the directors for the time being of the Company and the expression Director shall be construed accordingly;

**Electronic** has the meaning given to that term in the Electronic Transactions Act (Revised) of the Cayman Islands;

**Electronic Communication Facilities** means video, video-conferencing, internet or online conferencing applications, telephone or tele-conferencing and/or any other video-communications, internet or online conferencing application or telecommunications facilities by means of which all persons participating in a meeting are capable of hearing and being heard by each other;

**Electronic Record** has the meaning given to that term in the Electronic Transactions Act (Revised) of the Cayman Islands;

**Electronic Signature** has the meaning given to that term in the Electronic Transactions Act (Revised) of the Cayman Islands;

**Fully Paid Up** means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in relation to a Share with par value,
 means that the par value for that Share and any premium payable in respect of the issue of
 that Share, has been fully paid or credited as paid in money or money's worth; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in relation to a Share without par
 value, means that the agreed issue price for that Share has been fully paid or credited as
 paid in money or money's worth;

**general meeting** means a general meeting of the Company duly constituted in accordance with the Articles;

**Independent Director** means a Director who is an independent director as defined in the Designated Stock Exchange Rules as determined by the Board by Board Resolution;

**Member** means any person or persons entered on the register of Members from time to time as the holder of a Share;

**Memorandum** means the memorandum of association of the Company as amended from time to time;

**month** means a calendar month;

**Officer** means a person appointed to hold an office in the Company including a Director, alternate Director or liquidator and excluding the Secretary;

**Ordinary Resolution** means a resolution of a General Meeting passed by a simple majority of the votes by Members who (being entitled to do so) vote in person or by proxy or, in the case of corporations, by their duly authorised representatives, at that meeting. The expression includes a written resolution signed by the requisite majority in accordance with Article 11.14;

**Partly Paid Up** means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in relation to a Share with par value,
 that the par value for that Share and any premium payable in respect of the issue of that
 Share, has not been fully paid or credited as paid in money or money's worth; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in relation to a Share without par
 value, means that the agreed issue price for that Share has not been fully paid or credited
 as paid in money or money's worth;

**Register of Members** means the register of Members maintained in accordance with the Act and includes (except where otherwise stated) any branch or duplicate register of the Members;

**Secretary** means a person appointed to perform the duties of the secretary of the Company, including a joint, assistant or deputy secretary;

**Share** means a share in the share capital of the Company and the expression:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) includes stock (except where a distinction
 between shares and stock is expressed or implied); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) where the context permits, also includes
 a fraction of a Share;

**Special Resolution** means a resolution of a General Meeting or a resolution of a meeting of the holders of any class of Shares in a class meeting duly constituted in accordance with the Articles in each case passed by a majority of not less than two-thirds of the votes by Members who (being entitled to do so) vote in person or by proxy at that meeting. The expression includes a unanimous written resolution signed by all of the Members entitled to vote at such meeting;

**Treasury Shares** means Shares held in treasury pursuant to the Act and Article 2.15; and

**U.S. Securities Act** means the Securities Act of 1933 of the United States of America, as amended, or any similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time; and

**Virtual Meeting** means any general meeting of the Members at which the Members (and any other permitted participants of such meeting, including without limitation the chairman of the meeting and any Directors) are permitted to attend and participate solely by means of Electronic Communication Facilities.

**Interpretation**

1.2 In the interpretation of these Articles,
 the following provisions apply unless the context otherwise requires:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A reference in these Articles to a
 statute is a reference to a statute of the Cayman Islands as known by its short title, and
 includes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any statutory modification, amendment
 or re-enactment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any subordinate legislation or regulations
 issued under that statute.

Without limitation to the preceding sentence, a reference to a revised Act of the Cayman Islands is taken to be a reference to the revision of that Act in force from time to time as amended from time to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Headings are inserted for convenience
 only and do not affect the interpretation of these Articles, unless there is ambiguity.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If a day on which any act, matter
 or thing is to be done under these Articles is not a Business Day, the act, matter or thing
 must be done on the next Business Day.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) A word which denotes the singular
 also denotes the plural, a word which denotes the plural also denotes the singular, and a
 reference to any gender also denotes the other genders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) A reference to a **person** includes,
 as appropriate, a company, trust, partnership, joint venture, association, body corporate
 or government agency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Where a word or phrase is given a
 defined meaning another part of speech or grammatical form in respect to that word or phrase
 has a corresponding meaning.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) All references to time are to be calculated
 by reference to time in the place where the Company's registered office is located.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) The words **written** and **in writing** include all modes of representing or reproducing words in a visible form, but
 do not include an Electronic Record where the distinction between a document in writing and
 an Electronic Record is expressed or implied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The words **including**, **include** and **in particular** or any similar expression are to be construed without limitation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) The term "**present** "
 means, in respect of any person attending a meeting, such person's presence at a general
 meeting of Members (or any meeting of the holders of any class of Shares), which may be satisfied
 by means of such person or, if a corporation or other non-natural person, its duly authorized
 representative (or, in the case of any Member, a proxy which has been validly appointed by
 such Member in accordance with these Articles), being: (a) physically present at the meeting;
 or (b) in the case of any meeting at which Electronic Communication Facilities are permitted
 in accordance with these Articles, including any Virtual Meeting, connected by means of the
 use of such Electronic Communication Facilities.

1.3 The headings in these Articles are intended
 for convenience only and shall not affect the interpretation of these Articles.

**Exclusion of Table A Articles**

1.4 The regulations contained in Table A in
 the First Schedule of the Act and any other regulations contained in any statute or subordinate
 legislation are expressly excluded and do not apply to the Company.

---

| | |
|:---|:---|
| 2 | Shares |

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**Power to issue Shares and options, with or without special rights**

2.1 Subject to the provisions of the Act and
 these Articles about the redemption and purchase of the Shares, the Directors have general
 and unconditional authority to allot (with or without confirming rights of renunciation),
 grant options over or otherwise deal with any unissued Shares to such persons, at such times
 and on such terms and conditions as they may decide. No Share may be issued at a discount
 except in accordance with the provisions of the Act.

2.2 Without limitation to the preceding Article,
 the Directors may so deal with the unissued Shares:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) either at a premium or at par; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with or without preferred, deferred
 or other special rights or restrictions, whether in regard to dividend, voting, return of
 capital or otherwise.

2.3 Without limitation to the two preceding
 Articles,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company may issue rights, options,
 warrants or convertible securities or securities of similar nature conferring the right upon
 the holders thereof to subscribe for, purchase or receive any class of Shares or other securities
 in the Company at such times and on such terms and conditions as the Directors may decide;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Directors may refuse to accept
 any application for Shares, and may accept any application in whole or in part, for any reason
 or for no reason.

**Power to issue fractions of a Share**

2.4 Subject to the Act, the Company may issue
 fractions of a Share of any class. A fraction of a Share shall be subject to and carry the
 corresponding fraction of liabilities (whether with respect to calls or otherwise), limitations,
 preferences, privileges, qualifications, restrictions, rights and other attributes of a Share
 of that class of Shares.

**Power to pay commissions and brokerage fees**

2.5 The Company may pay a commission to any
 person in consideration of that person:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) subscribing or agreeing to subscribe,
 whether absolutely or conditionally; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) procuring or agreeing to procure subscriptions,
 whether absolute or conditional,

for any Shares. That commission may be satisfied by the payment of cash or the allotment of Fully Paid Up or Partly Paid Up Shares or partly in one way and partly in another.

2.6 The Company may employ a broker in the issue
 of its capital and pay him any proper commission or brokerage.

**Trusts not recognised**

2.7 Except as required by Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) no person shall be recognised by the
 Company as holding any Share on any trust; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) no person other than the Member shall
 be recognised by the Company as having any right in a Share.

**Security interests**

2.8 Notwithstanding the preceding Article, the
 Company may (but shall not be obliged to) recognise a security interest of which it has actual
 notice over shares. The Company shall not be treated as having recognised any such security
 interest unless it has so agreed in writing with the secured party.

**Rights of Shares**

2.9 Subject to Article 2.1, the Memorandum and
 any Special Resolution to the contrary and without prejudice to any special rights conferred
 thereby on the holders of any other Shares or class of Shares, Class A Ordinary Shares and
 Class B Ordinary Shares shall carry equal rights and rank pari passu with one another in
 all respects other than as set out below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(a)** **Conversion Rights:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Subject to the provisions hereof and
 to compliance with all fiscal and other laws and regulations applicable thereto, including
 the Act, a holder of Class B Ordinary Shares shall have the Conversion Right in respect of
 each Class B Ordinary Share in its holding. For the avoidance of doubt, a holder of Class
 A Ordinary Shares shall have no rights to convert Class A Ordinary Shares into Class B Ordinary
 Shares under any circumstances.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Class B Ordinary Share shall be
 converted at the option of the holder, at any time after issue and without the payment of
 any additional sum, into such Conversion Number of fully paid Class A Ordinary Shares calculated
 at the Conversion Rate. Such conversion shall take effect on the Conversion Date. A Conversion
 Notice shall not be effective if it is not accompanied by the share certificates in respect
 of the relevant Class B Ordinary Shares and/or such other evidence (if any) as the Directors
 may reasonably require to prove the title of the person exercising such right (or, if such
 certificates have been lost or destroyed, such evidence of title and such indemnity as the
 Directors may reasonably require). Any and all taxes and stamp, issue and registration duties
 (if any) arising on conversion shall be borne by the holder of Class B Ordinary Shares requesting
 conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) On the Conversion Date, every Class
 B Ordinary Share converted shall automatically be re-designated and re-classified (or in
 such other manner as the Directors may direct that is not in contravention of applicable
 laws) as the applicable Conversion Number of Class A Ordinary Shares with such rights and
 restrictions attached thereto and shall rank pari passu in all respects with the Class A
 Ordinary Shares then in issue and the Company shall enter or procure the entry of the name
 of the relevant holder of converted Class B Ordinary Shares as the holder of the corresponding
 number of Class A Ordinary Shares resulting from the conversion of the Class B Ordinary Shares
 in, and make any other necessary and consequential changes to, the register of members and
 shall procure that, if required, certificates in respect of the relevant Class A Ordinary
 Shares, together with a new certificate for any unconverted Class B Ordinary Shares comprised
 in the certificate(s) surrendered by the holder of the Class B Ordinary Shares, are issued
 to the holders thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) Until such time as the Class B Ordinary
 Shares have been converted into Class A Ordinary Shares, the Company shall: (A) at all times
 keep available for issue and free of all liens, charges, options, mortgages, pledges, claims,
 equities, encumbrances and other third-party rights of any nature, and not subject to any
 pre-emptive rights out of its authorised but unissued share capital, such number of authorised
 but unissued Class A Ordinary Shares as would enable all Class B Ordinary Shares to be converted
 into Class A Ordinary Shares and any other rights of conversion into, subscription for or
 exchange into Class A Ordinary Shares to be satisfied in full; and (B) not make any issue,
 grant or distribution or take any other action if the effect would be that on the conversion
 of the Class B Ordinary Shares to Class A Ordinary Shares it would be required to issue Class
 A Ordinary Shares at a price lower than the par value thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(b)** **Voting Rights:** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Holders of Class A Ordinary Shares and
 Class B Ordinary Shares have the right to receive notice of, attend, speak and vote at general
 meetings of the Company. Holders of shares of Class A Ordinary Shares and Class B Ordinary
 Shares shall, at all times, vote together as a single class on all matters submitted to a
 vote for Members' consent.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Each Class A Ordinary Share shall be
 entitled to one (1) vote on all matters subject to the vote at general meetings of the Company;
 whereas, each Class B Ordinary Share shall be entitled to one hundred (100) votes on all
 matters subject to the vote at general meetings of the Company.

**Power to vary class rights**

2.10 If the share capital is divided into different
 classes of Shares then, unless the terms on which a class of Shares was issued state otherwise,
 the rights attaching to a class of Shares may only be varied if one of the following applies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Members holding not less than
 50% of the issued Shares of that class consent in writing to the variation; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the variation is made with the sanction
 of a Special Resolution passed at a separate general meeting of the Members holding the issued
 Shares of that class.

2.11 For the purpose of Article 2.10(b), all
 the provisions of these Articles relating to general meetings apply, mutatis mutandis, to
 every such separate meeting except that the necessary quorum shall be one or more persons
 holding, or representing by proxy, not less than one third of the issued Shares of the class.

2.12 For the purposes of a separate class meeting,
 the Directors may treat two or more or all the classes of Shares as forming one class of
 Shares if the Directors consider that such classes of Shares would be affected in the same
 way by the proposals under consideration, but in any other case shall treat them as separate
 classes of Shares.

**Effect of new Share issue on existing class rights**

2.13 Unless the terms on which a class of Shares
 was issued state otherwise, the rights conferred on the Member holding Shares of any class
 shall not be deemed to be varied by the creation or issue of further Shares ranking *pari passu* with the existing Shares of that class.

**No bearer Shares or warrants**

2.14 The Company shall not issue Shares or warrants
 to bearers.

**Treasury Shares**

2.15 Shares that the Company purchases, redeems
 or acquires by way of surrender in accordance with the Act shall be held as Treasury Shares
 and not treated as cancelled if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Directors so determine prior to
 the purchase, redemption or surrender of those shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the relevant provisions of the Memorandum
 and Articles and the Act are otherwise complied with.

**Rights attaching to Treasury Shares and related matters**

2.16 No dividend may be declared or paid, and
 no other distribution (whether in cash or otherwise) of the Company's assets (including
 any distribution of assets to Members on a winding up) may be made to the Company in respect
 of a Treasury Share.

2.17 The Company shall be entered in the register
 of Members as the holder of the Treasury Shares. However:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company shall not be treated as
 a Member for any purpose and shall not exercise any right in respect of the Treasury Shares,
 and any purported exercise of such a right shall be void; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a Treasury Share shall not be voted,
 directly or indirectly, at any meeting of the Company and shall not be counted in determining
 the total number of issued shares at any given time, whether for the purposes of these Articles
 or the Act.

2.18 Nothing in Article 2.17 prevents an allotment
 of Shares as Fully Paid Up bonus shares in respect of a Treasury Share and Shares allotted
 as Fully Paid Up bonus shares in respect of a Treasury Share shall be treated as Treasury
 Shares.

2.19 Treasury Shares may be disposed of by the
 Company in accordance with the Act and otherwise on such terms and conditions as the Directors
 determine.

**Register of Members**

2.20 The Directors shall keep or cause to be
 kept a register of Members as required by the Act and may cause the Company to maintain one
 or more branch registers as contemplated by the Act, provided that where the Company is maintaining
 one or more branch registers, the Directors shall ensure that a duplicate of each branch
 register is kept with the Company's principal register of Members and updated within such
 number of days of any amendment having been made to such branch register as may be required
 by the Act.

2.21 The title to Shares listed on a Designated
 Stock Exchange may be evidenced and transferred in accordance with the laws applicable to
 the rules and regulations of the Designated Stock Exchange and, for these purposes, the register
 of Members may be maintained in accordance with section 40B of the Act.

**Annual Return**

2.22 The Directors in each calendar year shall
 prepare or cause to be prepared an annual return and declaration setting forth the particulars
 required by the Act and shall deliver a copy thereof to the registrar of companies for the
 Cayman Islands.

3 Share certificates

**Issue of share certificates**

3.1 A Member shall only be entitled to a share
 certificate if the Directors resolve that share certificates shall be issued. Share certificates
 representing Shares, if any, shall be in such form as the Directors may determine. If the
 Directors resolve that share certificates shall be issued, upon being entered in the register
 of Members as the holder of a Share, the Directors may issue to any Member:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) without payment, one certificate for
 all the Shares of each class held by that Member (and, upon transferring a part of the Member's
 holding of Shares of any class, to a certificate for the balance of that holding); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) upon payment of such reasonable sum
 as the Directors may determine for every certificate after the first, several certificates
 each for one or more of that Member's Shares.

3.2 Every certificate shall specify the number,
 class and distinguishing numbers (if any) of the Shares to which it relates and whether they
 are Fully Paid Up or Partly Paid Up. A certificate may be executed under seal or executed
 in such other manner as the Directors determine.

3.3 Every certificate shall bear legends required
 under the applicable laws, including the U.S. Securities Act (to the extent applicable).

3.4 The Company shall not be bound to issue
 more than one certificate for Shares held jointly by several persons and delivery of a certificate
 for a Share to one joint holder shall be a sufficient delivery to all of them.

**Renewal of lost or damaged share certificates**

3.5 If a share certificate is defaced, worn-out,
 lost or destroyed, it may be renewed on such terms (if any) as to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) evidence;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) indemnity;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) payment of the expenses reasonably
 incurred by the Company in investigating the evidence; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) payment of a reasonable fee, if any
 for issuing a replacement share certificate,

as the Directors may determine, and (in the case of defacement or wearing-out) on delivery to the Company of the old certificate.

4 Lien on Shares

**Nature and scope of lien**

4.1 The Company has a first and paramount lien
 on all Shares (whether Fully Paid Up or not) registered in the name of a Member (whether
 solely or jointly with others). The lien is for all monies payable to the Company by the
 Member or the Member's estate:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) either alone or jointly with any other
 person, whether or not that other person is a Member; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether or not those monies are presently
 payable.

4.2 At any time the Board may by Board Resolution
 declare any Share to be wholly or partly exempt from the provisions of this Article.

**Company may sell Shares to satisfy lien**

4.3 The Company may sell any Shares over which
 it has a lien if all of the following conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the sum in respect of which the lien
 exists is presently payable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Company gives notice to the Member
 holding the Share (or to the person entitled to it in consequence of the death or bankruptcy
 of that Member) demanding payment and stating that if the notice is not complied with the
 Shares may be sold; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) that sum is not paid within fourteen
 (14) Clear Days after that notice is deemed to be given under these Articles,

and Shares to which this Article 4.3 applies shall be referred to as Lien Default Shares.

4.4 The Lien Default Shares may be sold in such
 manner as the Board determines by Board Resolution.

4.5 To the maximum extent permitted by law,
 the Directors shall incur no personal liability to the Member concerned in respect of the
 sale.

**Authority to execute instrument of transfer**

4.6 To give effect to a sale, the Directors
 may authorise any person to execute an instrument of transfer of the Lien Default Shares
 sold to, or in accordance with the directions of, the purchaser.

4.7 The title of the transferee of the Lien
 Default Shares shall not be affected by any irregularity or invalidity in the proceedings
 in respect of the sale.

**Consequences of sale of Shares to satisfy lien**

4.8 On a sale pursuant to the preceding Articles:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the name of the Member concerned shall
 be removed from the register of Members as the holder of those Lien Default Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that person shall deliver to the Company
 for cancellation the certificate (if any) for those Lien Default Shares.

4.9 Notwithstanding the provisions of Article
 4.8, such person shall remain liable to the Company for all monies which, at the date of
 sale, were presently payable by him to the Company in respect of those Lien Default Shares.
 That person shall also be liable to pay interest on those monies from the date of sale until
 payment at the rate at which interest was payable before that sale or, failing that, at the
 Default Rate. The Board may by Board Resolution waive payment wholly or in part or enforce
 payment without any allowance for the value of the Lien Default Shares at the time of sale
 or for any consideration received on their disposal.

**Application of proceeds of sale**

4.10 The net proceeds of the sale, after payment
 of the costs, shall be applied in payment of so much of the sum for which the lien exists
 as is presently payable. Any residue shall be paid to the person whose Lien Default Shares
 have been sold:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if no certificate for the Lien Default
 Shares was issued, at the date of the sale; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if a certificate for the Lien Default
 Shares was issued, upon surrender to the Company of that certificate for cancellation

but, in either case, subject to the Company retaining a like lien for all sums not presently payable as existed on the Lien Default Shares before the sale.

5 Calls on Shares and forfeiture

**Power to make calls and effect of calls**

5.1 Subject to the terms of allotment, the Board
 may by Board Resolution make calls on the Members in respect of any monies unpaid on their
 Shares including any premium. The call may provide for payment to be by instalments. Subject
 to receiving at least 14 Clear Days' notice specifying when and where payment is to be made,
 each Member shall pay to the Company the amount called on his Shares as required by the notice.

5.2 Before receipt by the Company of any sum
 due under a call, that call may be revoked in whole or in part and payment of a call may
 be postponed in whole or in part. Where a call is to be paid in instalments, the Company
 may revoke the call in respect of all or any remaining instalments in whole or in part and
 may postpone payment of all or any of the remaining instalments in whole or in part.

5.3 A Member on whom a call is made shall remain
 liable for that call notwithstanding the subsequent transfer of the Shares in respect of
 which the call was made. He shall not be liable for calls made after he is no longer registered
 as Member in respect of those Shares.

**Time when call made**

5.4 A call shall be deemed to have been made
 at the time when the resolution of the Directors authorising the call was passed.

**Liability of joint holders**

5.5 Members registered as the joint holders
 of a Share shall be jointly and severally liable to pay all calls in respect of the Share.

**Interest on unpaid calls**

5.6 If a call remains unpaid after it has become
 due and payable the person from whom it is due and payable shall pay interest on the amount
 unpaid from the day it became due and payable until it is paid:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) at the rate fixed by the terms of
 allotment of the Share or in the notice of the call; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if no rate is fixed, at the Default
 Rate.

The Directors may waive payment of the interest wholly or in part.

**Deemed calls**

5.7 Any amount payable in respect of a Share,
 whether on allotment or on a fixed date or otherwise, shall be deemed to be payable as a
 call. If the amount is not paid when due the provisions of these Articles shall apply as
 if the amount had become due and payable by virtue of a call.

**Power to accept early payment**

5.8 The Company may accept from a Member the
 whole or a part of the amount remaining unpaid on Shares held by him although no part of
 that amount has been called up.

**Power to make different arrangements at time of issue of Shares**

5.9 Subject to the terms of allotment, the Directors
 may make arrangements on the issue of Shares to distinguish between Members in the amounts
 and times of payment of calls on their Shares.

**Notice of default**

5.10 If a call remains unpaid after it has become
 due and payable the Directors may give to the person from whom it is due not less than 14
 Clear Days' notice requiring payment of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the amount unpaid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any interest which may have accrued;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any expenses which have been incurred
 by the Company due to that person's default.

5.11 The notice shall state the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the place where payment is to be made;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a warning that if the notice is not
 complied with the Shares in respect of which the call is made will be liable to be forfeited.

**Forfeiture or surrender of Shares**

5.12 If the notice given pursuant to Article
 5.10 is not complied with, the Directors may, before the payment required by the notice has
 been received, resolve that any Share the subject of that notice be forfeited. The forfeiture
 shall include all dividends or other monies payable in respect of the forfeited Share and
 not paid before the forfeiture. Despite the foregoing, the Board may by Board Resolution
 determine that any Share the subject of that notice be accepted by the Company as surrendered
 by the Member holding that Share in lieu of forfeiture.

**Disposal of forfeited or surrendered Share and power to cancel forfeiture or surrender**

5.13 A forfeited or surrendered Share may be
 sold, re-allotted or otherwise disposed of on such terms and in such manner as the Board
 by Board Resolution determine either to the former Member who held that Share or to any other
 person. The forfeiture or surrender may be cancelled on such terms as the Directors think
 fit at any time before a sale, re-allotment or other disposition. Where, for the purposes
 of its disposal, a forfeited or surrendered Share is to be transferred to any person, the
 Directors may by Board Resolution authorise some person to execute an instrument of transfer
 of the Share to the transferee.

**Effect of forfeiture or surrender on former Member**

5.14 On forfeiture or surrender:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the name of the Member concerned shall
 be removed from the register of Members as the holder of those Shares and that person shall
 cease to be a Member in respect of those Shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that person shall surrender to the
 Company for cancellation the certificate (if any) for the forfeited or surrendered Shares.

5.15 Despite the forfeiture or surrender of
 his Shares, that person shall remain liable to the Company for all monies which at the date
 of forfeiture or surrender were presently payable by him to the Company in respect of those
 Shares together with:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all expenses; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) interest from the date of forfeiture
 or surrender until payment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) at the rate of which interest was payable
 on those monies before forfeiture; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) if no interest was so payable, at the
 Default Rate.

The Directors, however, may waive payment wholly or in part.

**Evidence of forfeiture or surrender**

5.16 A declaration, whether statutory or under
 oath, made by a Director or the Secretary shall be conclusive evidence of the following matters
 stated in it as against all persons claiming to be entitled to forfeited Shares:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that the person making the declaration
 is a Director or Secretary of the Company, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that the particular Shares have been
 forfeited or surrendered on a particular date.

Subject to the execution of an instrument of transfer, if necessary, the declaration shall constitute good title to the Shares.

**Sale of forfeited or surrendered Shares**

5.17 Any person to whom the forfeited or surrendered
 Shares are disposed of shall not be bound to see to the application of the consideration,
 if any, of those Shares nor shall his title to the Shares be affected by any irregularity
 in, or invalidity of the proceedings in respect of, the forfeiture, surrender or disposal
 of those Shares.

6 Transfer of Shares

**Form of Transfer**

6.1 Subject to the following Articles about
 the transfer of Shares, and provided that such transfer complies with applicable rules of
 the Designated Stock Exchange, a Member may freely transfer Shares to another person by completing
 an instrument of transfer in a common form or in a form prescribed by the Designated Stock
 Exchange (if such Shares are listed on the Designated Stock Exchange) or in any other form
 approved by the Directors, executed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) where the Shares are Fully Paid, by
 or on behalf of that Member; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) where the Shares are partly paid,
 by or on behalf of that Member and the transferee.

6.2 The transferor shall be deemed to remain
 the holder of a Share until the name of the transferee is entered into the Register of Members.

**Power to refuse registration for Shares not listed on a Designated Stock Exchange**

6.3 Where the Shares of any class in question
 are not listed on or subject to the rules of any Designated Stock Exchange, registration
 of any transfer of shares must be approved by the Directors by Board Resolution, and the
 Directors may in their absolute discretion decline to register any transfer of such Shares
 which are not Fully Paid Up or on which the Company has a lien. The Directors may also, but
 are not required to, decline to register any transfer of any such Share unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the instrument of transfer is lodged
 with the Company, accompanied by the certificate (if any) for the Shares to which it relates
 and such other evidence as the Board may reasonably require to show the right of the transferor
 to make the transfer;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the instrument of transfer is in respect
 of only one class of Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the instrument of transfer is properly
 stamped, if required;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) in the case of a transfer to joint
 holders, the number of joint holders to whom the Share is to be transferred does not exceed
 four;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the Shares transferred are Fully Paid
 Up and free of any lien in favour of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) any applicable fee of such maximum
 sum as the Designated Stock Exchanges may determine to be payable, or such lesser sum as
 the Board may from time to time require, related to the transfer is paid to the Company.

**Suspension of transfers**

6.4 The registration of transfers may, on 14
 days' notice being given by advertisement in such one or more newspapers or by electronic
 means, be suspended and the register of Members closed at such times and for such periods
 as the Directors may, in their absolute discretion, from time to time determine, provided
 always that such registration of transfer shall not be suspended nor the register of Members
 closed for more than 30 days in any year.

**Company may retain instrument of transfer**

6.5 All instruments of transfer that are registered
 shall be retained by the Company.

**Notice of refusal to register**

6.6 If the Directors refuse to register a transfer
 of any Shares of any class not listed on a Designated Stock Exchange, they shall within one
 month after the date on which the instrument of transfer was lodged with the Company send
 to each of the transferor and the transferee notice of the refusal.

7 Transmission of Shares

**Persons entitled on death of a Member**

7.1 If a Member dies, the only persons recognised
 by the Company as having any title to the deceased Members' interest are the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) where the deceased Member was a joint
 holder, the survivor or survivors; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) where the deceased Member was a sole
 holder, that Member's personal representative or representatives.

7.2 Nothing in these Articles shall release
 the deceased Member's estate from any liability in respect of any Share, whether the
 deceased was a sole holder or a joint holder.

**Registration of transfer of a Share following death or bankruptcy**

7.3 A person becoming entitled to a Share in
 consequence of the death or bankruptcy of a Member may elect to do either of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to become the holder of the Share;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to transfer the Share to another person.

7.4 That person must produce such evidence of
 his entitlement as the Directors may properly require.

7.5 If the person elects to become the holder
 of the Share, he must give notice to the Company to that effect. For the purposes of these
 Articles, that notice shall be treated as though it were an executed instrument of transfer.

7.6 If the person elects to transfer the Share
 to another person then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if the Share is Fully Paid Up, the
 transferor must execute an instrument of transfer; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the Share is nil or Partly Paid
 Up, the transferor and the transferee must execute an instrument of transfer.

7.7 All the Articles relating to the transfer
 of Shares shall apply to the notice or, as appropriate, the instrument of transfer.

**Indemnity**

7.8 A person registered as a Member by reason
 of the death or bankruptcy of another Member shall indemnify the Company and the Directors
 against any loss or damage suffered by the Company or the Directors as a result of that registration.

**Rights of person entitled to a Share following death or bankruptcy**

7.9 A person becoming entitled to a Share by
 reason of the death or bankruptcy of a Member shall have the rights to which he would be
 entitled if he were registered as the holder of the Share. But, until he is registered as
 Member in respect of the Share, he shall not be entitled to attend or vote at any meeting
 of the Company or at any separate meeting of the holders of that class of Shares.

8 Alteration of capital

**Increasing, consolidating, converting, dividing and cancelling share capital**

8.1 To the fullest extent permitted by the Act,
 the Company may by Ordinary Resolution do any of the following and amend its Memorandum for
 that purpose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase its share capital by new
 Shares of the amount fixed by that Ordinary Resolution and with the attached rights, priorities
 and privileges set out in that Ordinary Resolution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consolidate and divide all or any
 of its share capital into Shares of larger amount than its existing Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) convert all or any of its Paid Up
 Shares into stock, and reconvert that stock into Paid Up Shares of any denomination;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) sub-divide its Shares or any of them
 into Shares of an amount smaller than that fixed by the Memorandum, so, however, that in
 the sub-division, the proportion between the amount paid and the amount, if any, unpaid on
 each reduced Share shall be the same as it was in case of the Share from which the reduced
 Share is derived; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) cancel Shares which, at the date of
 the passing of that Ordinary Resolution, have not been taken or agreed to be taken by any
 person, and diminish the amount of its share capital by the amount of the Shares so cancelled
 or, in the case of Shares without nominal par value, diminish the number of Shares into which
 its capital is divided.

**Dealing with fractions resulting from consolidation of Shares**

8.2 Whenever, as a result of a consolidation
 of Shares, any Members would become entitled to fractions of a Share the Directors may on
 behalf of those Members deal with the fractions as it thinks fit, including (without limitation):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) either round up or down the fraction
 to the nearest whole number, such rounding to be determined by the Directors acting in their
 sole discretion;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) sell the Shares representing the fractions
 for the best price reasonably obtainable to any person (including, subject to the provisions
 of the Act, the Company); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) distribute the net proceeds in due
 proportion among those Members.

8.3 For the purposes of Article 8.2, the Directors
 may authorise some person to execute an instrument of transfer of the Shares to, in accordance
 with the directions of, the purchaser. The transferee shall not be bound to see to the application
 of the purchase money nor shall the transferee's title to the Shares be affected by
 any irregularity in, or invalidity of, the proceedings in respect of the sale.

**Reducing share capital**

8.4 Subject to the Act and to any rights for
 the time being conferred on the Members holding a particular class of Shares, the Company
 may, by Special Resolution, reduce its share capital in any way.

9 Redemption and purchase of own Shares

**Power to issue redeemable Shares and to purchase own Shares**

9.1 Subject to the Act and to any rights for
 the time being conferred on the Members holding a particular class of Shares, the Company
 may by its Directors:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue Shares that are to be redeemed
 or liable to be redeemed, at the option of the Company or the Member holding those redeemable
 Shares, on the terms and in the manner its Directors determine before the issue of those
 Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with the consent by Special Resolution
 of the Members holding Shares of a particular class, vary the rights attaching to that class
 of Shares so as to provide that those Shares are to be redeemed or are liable to be redeemed
 at the option of the Company on the terms and in the manner which the Directors determine
 at the time of such variation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) purchase all or any of its own Shares
 of any class including any redeemable Shares on the terms and in the manner which the Directors
 determine at the time of such purchase.

The Company may make a payment in respect of the redemption or purchase of its own Shares in any manner authorised by the Act, including out of any combination of the following: capital, its profits and the proceeds of a fresh issue of Shares.

**Power to pay for redemption or purchase in cash or in specie**

9.2 When making a payment in respect of the
 redemption or purchase of Shares, the Directors may make the payment in cash or *in specie* (or partly in one and partly in the other) if so authorised by the terms of the allotment
 of those Shares or by the terms applying to those Shares in accordance with Article 9.1,
 or otherwise by agreement with the Member holding those Shares.

**Effect of redemption or purchase of a Share**

9.3 Upon the date of redemption or purchase
 of a Share:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Member holding that Share shall
 cease to be entitled to any rights in respect of the Share other than the right to receive:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the price for the Share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) any dividend declared in respect of
 the Share prior to the date of redemption or purchase;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Member's name shall be removed
 from the register of Members with respect to the Share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Share shall be cancelled or held
 as a Treasury Share, as the Directors may determine.

9.4 For the purpose of Article 9.3, the date
 of redemption or purchase is the date when the Member's name is removed from the register
 of Members with respect to the Shares the subject of the redemption or purchase.

10 Meetings of Members

**Annual and extraordinary general meetings**

10.1 The Company may, but shall not (unless
 required by the applicable Designated Stock Exchange Rules) be obligated to, in each year
 hold a general meeting as an annual general meeting, which, if held, shall be convened by
 the chairman of the Board, or the Directors by Board Resolution, in accordance with these
 Articles.

10.2 All general meetings other than annual
 general meetings shall be called extraordinary general meetings.

**Power to call meetings**

10.3 The chairman of the Board, or the Directors
 may by Board Resolution, call a general meeting at any time.

10.4 If there are insufficient Directors to
 constitute a quorum and the remaining Directors are unable to agree on the appointment of
 additional Directors, the Directors must call a general meeting for the purpose of appointing
 additional Directors.

10.5 The Directors must also call a general
 meeting if requisitioned in the manner set out in the next two Articles.

10.6 Any one or more Members holding not less
 than one-third of all votes attaching to the total issued and paid up share capital of the
 Company at the date of deposit of the requisition shall at all times have the right, by written
 requisition to the Board or the Secretary, to require an extraordinary general meeting to
 be called by the Board for the transaction of any business specified in such requisition;
 and such meeting shall be held within two (2) months after the deposit of such requisition.
 If within twenty one (21) days of such deposit the Board fails to proceed to convene such
 meeting the requisitionist(s) himself (themselves) may do so in the same manner, and all
 reasonable expenses incurred by the requisitionist(s) as a result of the failure of the Board
 shall be reimbursed to the requisitionist(s) by the Company.

10.7 The requisition must also:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) specify the purpose of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) be signed by or on behalf of each
 requisitioner (and for this purpose each joint holder shall be obliged to sign). The requisition
 may consist of several documents in like form signed by one or more of the requisitioners;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) be delivered in accordance with the
 notice provisions.

10.8 Without limitation to the foregoing, if
 there are insufficient Directors to constitute a quorum and the remaining Directors are unable
 to agree on the appointment of additional Directors, any one or more Members who together
 hold at least five per cent of the rights to vote at a general meeting may call a general
 meeting for the purpose of considering the business specified in the notice of meeting which
 shall include as an item of business the appointment of additional Directors.

10.9 If the Members call a meeting under the
 above provisions, the Company shall reimburse their reasonable expenses.

**Content of notice**

10.10 Notice of a general meeting shall specify
 each of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the place, the date and the hour of
 the meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether the meeting will be held virtually,
 at a physical place or both;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the meeting is to be held in any
 part at a physical place, the address of such place;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if the meeting is to be held in two
 or more places, or in any part virtually, the Electronic Communication Facilities that will
 be used to facilitate the meeting, including the procedures to be followed by any Member
 or other participant of the meeting who wishes to utilise such Electronic Communication Facilities
 for the purposes of attending and participating in such meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) subject to paragraph (f) and the requirements
 of (to the extent applicable) the Designated Stock Exchange Rules, the general nature of
 the business to be transacted; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) if a resolution is proposed as a Special
 Resolution, the text of that resolution.

10.11 In each notice there shall appear with
 reasonable prominence the following statements:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that a Member who is entitled to attend
 and vote is entitled to appoint one or more proxies to attend and vote instead of that Member;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that a proxyholder need not be a Member.

**Period of notice**

10.12 At least seven Clear Days' notice of an
 annual general meeting must be given to Members. For any other general meeting, at least
 seven Clear Days' notice must be given to Members.

10.13 Subject to the Act, a meeting may be convened
 on shorter notice, subject to the Act with the consent of the Member or Members who, individually
 or collectively, hold at least ninety per cent of the voting rights of all those who have
 a right to vote at that meeting.

**Persons entitled to receive notice**

10.14 Subject to the provisions of these Articles
 and to any restrictions imposed on any Shares, the notice shall be given to the following
 people:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Members

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) persons entitled to a Share in consequence
 of the death or bankruptcy of a Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Directors; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Auditors (if appointed).

10.15 The Board may by Board Resolution determine
 that the Members entitled to receive notice of, attend and vote at a meeting are those persons
 entered on the register of Members at the close of business on a day determined by the Board.

**Accidental omission to give notice or non-receipt of notice**

10.16 Proceedings at a meeting shall not be
 invalidated by the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an accidental failure to give notice
 of the meeting to any person entitled to notice; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) non-receipt of notice of the meeting
 by any person entitled to notice.

10.17 In addition, where a notice of meeting
 is published on a website proceedings at the meeting shall not be invalidated merely because
 it is accidentally published:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in a different place on the website;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for part only of the period from the
 date of the notification until the conclusion of the meeting to which the notice relates.

11 Proceedings at meetings of Members

**Quorum**

11.1 Save as provided in the following Article,
 no business shall be transacted at any meeting unless a quorum is present in person or by
 proxy at the meeting. A quorum is as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if the Company has only one Member:
 that Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the Company has more than one Member:
 one or more Members holding Shares that represent not less than one-third of the outstanding
 Shares carrying the right to vote at such general meeting.

**Lack of quorum**

11.2 If a quorum is not present at the meeting
 within fifteen minutes of the time appointed for the meeting, or if at any time during the
 meeting it becomes inquorate, then the following provisions apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the meeting was requisitioned by
 Members, it shall be cancelled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In any other case, the meeting shall
 stand adjourned to the same time and place seven days hence, or to such other time or place
 as is determined by the Directors. If a quorum is not present at the meeting within fifteen
 minutes of the time appointed for the adjourned meeting, then the Members present in person
 or by proxy at the meeting shall constitute a quorum.

**Chairman**

11.3 The chairman of a general meeting (including
 a Virtual Meeting) shall be the chairman of the Board appointed by Board Resolution, or such
 other Director as the Directors have nominated to chair Board meetings in the absence of
 the chairman of the Board. Absent any such person being present at the meeting within fifteen
 minutes of the time appointed for the meeting, the Directors present shall elect one of their
 number to chair the meeting. The chairman of the meeting shall be entitled to attend and
 participate at any such general meeting by means of Electronic Communication Facilities,
 and to act as the chairman of such general meeting, in which event the chairman of the meeting
 shall be deemed to be present at the meeting.

11.4 If no Director is present within fifteen
 minutes of the time appointed for the meeting, or if no Director is willing to act as chairman,
 the Members present in person or by proxy and entitled to vote shall choose one of their
 number to chair the meeting.

**Right of a Director to attend and speak**

11.5 Even if a Director is not a Member, he
 shall be entitled to attend and speak at any general meeting and at any separate meeting
 of Members holding a particular class of Shares.

**Accommodation of Members at Virtual Meeting**

11.6 A Member entitled to receive notice and
 attend a meeting will be deemed to be in attendance at such meeting despite their attendance
 being virtual if adequate facilities are available to ensure that the Member is able to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to participate in the business for
 which the meeting has been convened; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to hear all that happens at the meeting.

Without limiting the generality of the foregoing, the Directors may determine that any general meeting may be held as a Virtual Meeting.

**Security**

11.7 In addition to any measures which the Board
 may be required to take due to the location or venue of the meeting, the Board may make any
 arrangement and impose any restriction it considers appropriate and reasonable in the circumstances
 to ensure the security of a meeting including, without limitation, the searching of any person
 attending the meeting and the imposing of restrictions on the items of personal property
 that may be taken into the meeting place. The Board may refuse entry to, or eject from, a
 meeting a person who refuses to comply with any such arrangements or restrictions.

**Adjournment, postponement and cancellation**

11.8 A meeting may be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) postponed or cancelled prior to the
 meeting at the discretion of the Directors by written notice provided to all persons entitled
 to attend the meeting, unless the meeting was requisitioned by Members or otherwise called
 by Members pursuant to Article 10; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) adjourned, with or without an appointed
 date for resumption, at any time during the meeting at the discretion of the chairman with
 the consent of the Members constituting a quorum.

The chairman must adjourn the meeting if so directed by the meeting. No business, however, can be transacted at an adjourned meeting other than business which might properly have been transacted at the original meeting.

11.9 Should a meeting be adjourned for more
 than 7 Clear Days, whether because of a lack of quorum or otherwise, Members shall be given
 at least 7 Clear Days' notice of the date, time and place of the adjourned meeting and the
 general nature of the business to be transacted. Otherwise it shall not be necessary to give
 any notice of the adjournment.

**Method of voting**

11.10 A resolution put to the vote of the meeting
 shall be decided on a poll.

**Taking of a poll**

11.11 A poll shall be taken in such manner as
 the chairman directs. He may appoint scrutineers (who need not be Members) and fix a place
 and time for declaring the result of the poll. If, through the aid of technology, the meeting
 is held as a Virtual Meeting or in more than one place, the chairman may appoint scrutineers
 virtually and in more than one place; but if he considers that the poll cannot be effectively
 monitored at that meeting, the chairman shall adjourn the holding of the poll to a date,
 place and time when that can occur.

**Chairman's casting vote**

11.12 In the case of an equality of votes, the
 chairman of the meeting shall be entitled to a second or casting vote.

**Written resolutions**

11.13 Without limitation to section 60(1) of
 the Act, Members may pass a Special Resolution in writing without holding a meeting if the
 following conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Members entitled to vote on the
 resolution are given notice of the resolution as if the same were being proposed at a meeting
 of Members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all Members entitled so to vote:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sign a document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) sign several documents in the like
 form each signed by one or more of those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the signed document or documents is
 or are delivered to the Company, including, if the Company so nominates, by delivery of an
 Electronic Record by Electronic means to the address specified for that purpose.

Such written resolution, which shall be as effective as if it had been passed at a meeting of the Members entitled to vote duly convened and held, is passed when all such Members have so signified their agreement to the resolution.

11.14 Members may pass an Ordinary Resolution
 in writing without holding a meeting if the following conditions are met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Members entitled to vote on the
 resolution are:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) given notice of the resolution as if
 the same were being proposed at a meeting of Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) notified in the same or an accompanying
 notice of the date by which the resolution must be passed if it is not to lapse, being a
 period of 7 days beginning with the date that the notice is first given;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the required majority of the Members
 entitled so to vote:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sign a document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) sign several documents in the like
 form each signed by one or more of those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the signed document or documents is
 or are delivered to the Company, including, if the Company so nominates, by delivery of an
 Electronic Record by Electronic means to the address specified for that purpose.

Such written resolution, which shall be as effective as if it had been passed at a meeting of the Members entitled to vote duly convened and held, is passed upon the later of these dates: (i) subject to the following Article, the date next immediately following the end of the period of 5 days beginning with the date that notice of the resolution is first given and (ii) the date when the required majority have so signified their agreement to the resolution. However, the proposed written resolution lapses if it is not passed before the end of the period of 7 days beginning with the date that notice of it is first given.

11.15 If all Members entitled to be given notice
 of the Ordinary Resolution consent, a written resolution may be passed as soon as the required
 majority have signified their agreement to the resolution, without any minimum period of
 time having first elapsed. Save that the consent of the majority may be incorporated in the
 written resolution, each consent shall be in writing or given by Electronic Record and shall
 otherwise be given to the Company in accordance with Article 28 (*Notices*) prior to
 the written resolution taking effect.

11.16 The Directors may determine the manner
 in which written resolutions shall be put to Members. In particular, they may provide, in
 the form of any written resolution, for each Member to indicate, out of the number of votes
 the Member would have been entitled to cast at a meeting to consider the resolution, how
 many votes he wishes to cast in favour of the resolution and how many against the resolution
 or to be treated as abstentions. The result of any such written resolution shall be determined
 on the same basis as on a poll.

11.17 If a written resolution is described as
 a Special Resolution or as an Ordinary Resolution, it has effect accordingly.

**Sole-Member Company**

11.18 If the Company has only one Member, and
 the Member records in writing his decision on a question, that record shall constitute both
 the passing of a resolution and the minute of it.

12 Voting rights of Members

**Right to vote**

12.1 Subject to the following, unless their
 Shares carry no right to vote, or unless a call or other amount presently payable has not
 been paid, all Members are entitled to vote at a general meeting, and all Members holding
 Shares of a particular class of Shares are entitled to vote at a meeting of the holders of
 that class of Shares. Unless otherwise required under the Act or by these Articles, holders
 of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as
 one class on all resolutions submitted to a vote by the Members.

12.2 Members may vote in person or by proxy.

12.3 On a poll, each Class A Ordinary Share
 shall be entitled to one (1) vote on all matters subject to vote at general meetings of the
 Company, and each Class B Ordinary Share shall be entitled to one hundred (100) votes on
 all matters subject to vote at general meetings of the Company. A fraction of a Class A Ordinary
 Share shall entitle its holder to an equivalent fraction of one (1) vote, and a fraction
 of a Class B Ordinary Share shall entitle its holder to an equivalent fraction of one hundred
 (100) votes.

12.4 No Member is bound to vote on his Shares
 or any of them; nor is he bound to vote each of his Shares in the same way.

**Rights of joint holders**

12.5 If Shares are held jointly, only one of
 the joint holders may vote. If more than one of the joint holders tenders a vote, the vote
 of the holder whose name in respect of those Shares appears first in the register of Members
 shall be accepted to the exclusion of the votes of the other joint holder.

**Representation of corporate Members**

12.6 Save where otherwise provided, a corporate
 Member must act by a duly authorised representative.

12.7 A corporate Member wishing to act by a
 duly authorised representative must identify that person to the Company by notice in writing.

12.8 The authorisation may be for any period
 of time, and must be delivered to the Company before the commencement of the meeting at which
 it is first used.

12.9 The Directors of the Company may require
 the production of any evidence which they consider necessary to determine the validity of
 the notice.

12.10 Where a duly authorised representative
 is present at a meeting that Member is deemed to be present in person; and the acts of the
 duly authorised representative are personal acts of that Member.

12.11 A corporate Member may revoke the appointment
 of a duly authorised representative at any time by notice to the Company; but such revocation
 will not affect the validity of any acts carried out by the duly authorised representative
 before the Directors of the Company had actual notice of the revocation.

**Member with mental disorder**

12.12 A Member in respect of whom an order has
 been made by any court having jurisdiction (whether in the Cayman Islands or elsewhere) in
 matters concerning mental disorder may vote, by that Member's receiver, *curator bonis* or other person authorised in that behalf appointed by that court.

12.13 For the purpose of the preceding Article,
 evidence to the satisfaction of the Directors of the authority of the person claiming to
 exercise the right to vote must be received not less than 24 hours before holding the relevant
 meeting or the adjourned meeting in any manner specified for the delivery of forms of appointment
 of a proxy, whether in writing or by Electronic means. In default, the right to vote shall
 not be exercisable.

**Objections to admissibility of votes**

12.14 An objection to the validity of a person's
 vote may only be raised at the meeting or at the adjourned meeting at which the vote is sought
 to be tendered. Any objection duly made shall be referred to the chairman whose decision
 shall be final and conclusive.

**Form of proxy**

12.15 An instrument appointing a proxy shall
 be in any common form or in any other form approved by the Directors.

12.16 The instrument must be in writing and
 signed in one of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by the Member; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by the Member's authorised attorney;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the Member is a corporation or
 other body corporate, under seal or signed by an authorised officer, secretary or attorney.

If the Directors so resolve, the Company may accept an Electronic Record of that instrument delivered in the manner specified below and otherwise satisfying the Articles about authentication of Electronic Records.

12.17 The Directors may require the production
 of any evidence which they consider necessary to determine the validity of any appointment
 of a proxy.

12.18 A Member may revoke the appointment of
 a proxy at any time by notice to the Company duly signed in accordance with Article 12.16.

12.19 No revocation by a Member of the appointment
 of a proxy made in accordance with Article 12.18 will affect the validity of any acts carried
 out by the relevant proxy before the Directors of the Company had actual notice of the revocation.

**How and when proxy is to be delivered**

12.20 Subject to the following Articles, the
 Directors may, in the notice convening any meeting or adjourned meeting, or in an instrument
 of proxy sent out by the Company, specify the manner by which the instrument appointing a
 proxy shall be deposited and the place and the time (being not later than the time appointed
 for the commencement of the meeting or adjourned meeting to which the proxy relates) at which
 the instrument appointing a proxy shall be deposited. In the absence of any such direction
 from the Directors in the notice convening any meeting or adjourned meeting or in an instrument
 of proxy sent out by the Company, the form of appointment of a proxy and any authority under
 which it is signed (or a copy of the authority certified notarially or in any other way approved
 by the Directors) must be delivered so that it is received by the Company before the time
 for holding the meeting or adjourned meeting at which the person named in the form of appointment
 of proxy proposes to vote. They must be delivered in either of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In the case of an instrument in writing,
 it must be left at or sent by post:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) to the registered office of the Company;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) to such other place within the Cayman
 Islands specified in the notice convening the meeting or in any form of appointment of proxy
 sent out by the Company in relation to the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If, pursuant to the notice provisions,
 a notice may be given to the Company in an Electronic Record, an Electronic Record of an
 appointment of a proxy must be sent to the address specified pursuant to those provisions
 unless another address for that purpose is specified:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) in the notice convening the meeting;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) in any form of appointment of a proxy
 sent out by the Company in relation to the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) in any invitation to appoint a proxy
 issued by the Company in relation to the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Notwithstanding Article 12.20(a) and
 Article 12.20(b), the chairman of the Company may, in any event at his discretion, direct
 that an instrument of proxy shall be deemed to have been duly deposited.

12.21 If the form of appointment of proxy is
 not delivered on time, it is invalid.

12.22 When two or more valid but differing appointments
 of proxy are delivered or received in respect of the same Share for use at the same meeting
 and in respect of the same matter, the one which is last validly delivered or received (regardless
 of its date or of the date of its execution) shall be treated as replacing and revoking the
 other or others as regards that Share. lf the Company is unable to determine which appointment
 was last validly delivered or received, none of them shall be treated as valid in respect
 of that Share.

12.23 The Board may at the expense of the Company
 send forms of appointment of proxy to the Members by post (that is to say, pre-paying and
 posting a letter), or by Electronic communication or otherwise (with or without provision
 for their return by pre-paid post) for use at any general meeting or at any separate meeting
 of the holders of any class of Shares, either blank or nominating as proxy in the alternative
 any one or more of the Directors or any other person. lf for the purpose of any meeting invitations
 to appoint as proxy a person or one of a number of persons specified in the invitations are
 issued at the Company's expense, they shall be issued to all (and not to some only)
 of the Members entitled to be sent notice of the meeting and to vote at it. The accidental
 omission to send such a form of appointment or to give such an invitation to, or the non-receipt
 of such form of appointment by, any Member entitled to attend and vote at a meeting shall
 not invalidate the proceedings at that meeting

**Voting by proxy**

12.24 A proxy shall have the same voting rights
 at a meeting or adjourned meeting as the Member would have had except to the extent that
 the instrument appointing him limits those rights. Notwithstanding the appointment of a proxy,
 a Member may attend and vote at a meeting or adjourned meeting. If a Member votes on any
 resolution a vote by his proxy on the same resolution, unless in respect of different Shares,
 shall be invalid.

12.25 The instrument appointing a proxy to vote
 at a meeting shall not confer any further right to speak at the meeting, except with the
 permission of the chairman of the meeting.

13 Number of Directors

13.1 There shall be a Board consisting of not
 less than one person provided however that the Company may by Ordinary Resolution increase
 or reduce the limits in the number of Directors. Unless fixed by Ordinary Resolution, the
 maximum number of Directors shall be unlimited.

14 Appointment, disqualification and removal of Directors

**First Directors**

14.1 The first Directors shall be appointed
 in writing by the subscriber or subscribers to the Memorandum, or a majority of them.

**No age limit**

14.2 There is no age limit for Directors save
 that they must be at least eighteen years of age.

**Corporate Directors**

14.3 Unless prohibited by law, a body corporate
 may be a Director. If a body corporate is a Director, the Articles about representation of
 corporate Members at general meetings apply, mutatis mutandis, to the Articles about Directors'
 meetings.

**No shareholding qualification**

14.4 Unless a shareholding qualification for
 Directors is fixed by Ordinary Resolution, no Director shall be required to own Shares as
 a condition of his appointment.

**Appointment of Directors**

14.5 A Director may be appointed by Ordinary
 Resolution or by the Directors. Any appointment may be to fill a vacancy or as an additional
 Director.

14.6 A remaining Director may appoint a Director
 even though there is not a quorum of Directors.

14.7 No appointment can cause the number of
 Directors to exceed the maximum (if one is set); and any such appointment shall be invalid.

14.8 For so long as Shares are listed on a Designated
 Stock Exchange, the Directors shall include at least such number of Independent Directors
 as applicable law, rules or regulations or the Designated Stock Exchange Rules require as
 determined by the Board by Board Resolution.

**Board's power to appoint Directors**

14.9 Without prejudice to the Company's
 power to appoint a person to be a Director pursuant to these Articles, the Board shall have
 power at any time to appoint any person who is willing to act as a Director, either to fill
 a vacancy or as an addition to the existing Board, subject to the total number of Directors
 not exceeding any maximum number fixed by or in accordance with these Articles.

14.10 An appointment of a Director may be on
 terms that the Director shall automatically retire from office (unless he has sooner vacated
 office) at the next or a subsequent annual general meeting or upon any specified event or
 after any specified period in a written agreement between the Company and the Director, if
 any; but no such term shall be implied in the absence of express provision. Each Director
 whose term of office expires shall be eligible for re-election at a meeting of the Members
 or re-appointment by the Board.

**Removal of Directors**

14.11 A Director may be removed by Board Resolution.

**Resignation of Directors**

14.12 A Director may at any time resign office
 by giving to the Company notice in writing or, if permitted pursuant to the notice provisions,
 in an Electronic Record delivered in either case in accordance with those provisions.

14.13 Unless the notice specifies a different
 date, the Director shall be deemed to have resigned on the date that the notice is delivered
 to the Company.

**Termination of the office of Director**

14.14 A Director may retire from office as a
 Director by giving notice in writing to that effect to the Company at the registered office,
 which notice shall be effective upon such date as may be specified in the notice, failing
 which upon delivery to the registered office.

14.15 Without prejudice to the provisions in
 these Articles for retirement (by rotation or otherwise), a Director's office shall
 be terminated forthwith if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) he is prohibited by the law of the
 Cayman Islands from acting as a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he is made bankrupt or makes an arrangement
 or composition with his creditors generally; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) he resigns his office by notice to
 the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) he only held office as a Director
 for a fixed term and such term expires; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) in the opinion of a registered medical
 practitioner by whom he is being treated he becomes physically or mentally incapable of acting
 as a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) he is given notice by the majority
 of the other Directors (not being less than two in number) to vacate office (without prejudice
 to any claim for damages for breach of any agreement relating to the provision of the services
 of such Director); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) he is made subject to any law relating
 to mental health or incompetence, whether by court order or otherwise; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) without the consent of the other Directors,
 he is absent from meetings of Directors for a continuous period of six months.

15 Alternate Directors

**Appointment and removal**

15.1 Any Director may appoint any other person,
 including another Director, to act in his place as an alternate Director. No appointment
 shall take effect until the Director has given notice of the appointment to the Board.

15.2 A Director may revoke his appointment of
 an alternate at any time. No revocation shall take effect until the Director has given notice
 of the revocation to the Board.

15.3 A notice of appointment or removal of an
 alternate Director shall be effective only if given to the Company by one or more of the
 following methods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by notice in writing in accordance
 with the notice provisions contained in these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if the Company has a facsimile address
 for the time being, by sending by facsimile transmission to that facsimile address a facsimile
 copy or, otherwise, by sending by facsimile transmission to the facsimile address of the
 Company's registered office a facsimile copy (in either case, the facsimile copy being deemed
 to be the notice unless Article 29.7 applies), in which event notice shall be taken to be
 given on the date of an error-free transmission report from the sender's fax machine;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the Company has an email address
 for the time being, by emailing to that email address a scanned copy of the notice as a PDF
 attachment or, otherwise, by emailing to the email address provided by the Company's registered
 office a scanned copy of the notice as a PDF attachment (in either case, the PDF version
 being deemed to be the notice unless Article 29.7 applies), in which event notice shall be
 taken to be given on the date of receipt by the Company or the Company's registered office
 (as appropriate) in readable form; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if permitted pursuant to the notice
 provisions, in some other form of approved Electronic Record delivered in accordance with
 those provisions in writing.

**Notices**

15.4 All notices of meetings of Directors shall
 continue to be given to the appointing Director and not to the alternate.

**Rights of alternate Director**

15.5 An alternate Director shall be entitled
 to attend and vote at any Board meeting or meeting of a committee of the Directors at which
 the appointing Director is not personally present, and generally to perform all the functions
 of the appointing Director in his absence. An alternate Director, however, is not entitled
 to receive any remuneration from the Company for services rendered as an alternate Director.

**Appointment ceases when the appointor ceases to be a Director**

15.6 An alternate Director shall cease to be
 an alternate Director if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Director who appointed him ceases
 to be a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Director who appointed him revokes
 his appointment by notice delivered to the Board or to the registered office of the Company
 or in any other manner approved by the Board; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in any event happens in relation to
 him which, if he were a Director of the Company, would cause his office as Director to be
 vacated.

**Status of alternate Director**

15.7 An alternate Director shall carry out all
 functions of the Director who made the appointment.

15.8 Save where otherwise expressed, an alternate
 Director shall be treated as a Director under these Articles.

15.9 An alternate Director is not the agent
 of the Director appointing him.

15.10 An alternate Director is not entitled
 to any remuneration for acting as alternate Director.

**Status of the Director making the appointment**

15.11 A Director who has appointed an alternate
 is not thereby relieved from the duties which he owes the Company.

16 Powers of Directors

**Powers of Directors**

16.1 Subject to the provisions of the Act, the
 Memorandum and these Articles the business of the Company shall be managed by the Directors
 who may for that purpose exercise all the powers of the Company.

16.2 No prior act of the Directors shall be
 invalidated by any subsequent alteration of the Memorandum or these Articles. However, to
 the extent allowed by the Act, Members may, by Special Resolution, validate any prior or
 future act of the Directors which would otherwise be in breach of their duties.

**Directors below the minimum number**

16.3 lf the number of Directors is less than
 the minimum prescribed in accordance with these Articles, the remaining Director or Directors
 shall act only for the purposes of appointing an additional Director or Directors to make
 up such minimum or of convening a general meeting of the Company for the purpose of making
 such appointment. lf there are no Director or Directors able or willing to act, any two Members
 may summon a general meeting for the purpose of appointing Directors. Any additional Director
 so appointed shall hold office (subject to these Articles) only until the dissolution of
 the annual general meeting next following such appointment unless he is re-elected during
 such meeting.

**Appointments to office**

16.4 The Directors may by Board Resolution appoint
 a Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as chairman of the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) as managing Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to any other executive office,

for such period, and on such terms, including as to remuneration as they think fit.

16.5 The appointee must consent in writing to
 holding that office.

16.6 Where a chairman is appointed he shall,
 unless unable to do so, preside at every meeting of Directors.

16.7 If there is no chairman, or if the chairman
 is unable to preside at a meeting, that meeting may select its own chairman; or the Directors
 may nominate one of their number to act in place of the chairman should he ever not be available.

16.8 Subject to the provisions of the Act, the
 Directors may also appoint and remove any person, who need not be a Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as Secretary; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to any office that may be required

for such period and on such terms, including as to remuneration, as they think fit. In the case of an Officer, that Officer may be given any title the Directors decide.

16.9 The Secretary or Officer must consent in
 writing to holding that office.

16.10 A Director, Secretary or other Officer
 of the Company may not the hold the office, or perform the services, of auditor.

**Provisions for employees**

16.11 The Board may make provision for the benefit
 of any persons employed or formerly employed by the Company or any of its subsidiary undertakings
 (or any member of his family or any person who is dependent on him) in connection with the
 cessation or the transfer to any person of the whole or part of the undertaking of the Company
 or any of its subsidiary undertakings.

**Exercise of voting rights**

16.12 The Board may exercise the voting power
 conferred by the Shares in any body corporate held or owned by the Company in such manner
 in all respects as it thinks fit (including, without limitation, the exercise of that power
 in favour of any resolution appointing any Director as a Director of such body corporate,
 or voting or providing for the payment of remuneration to the Directors of such body corporate).

**Remuneration**

16.13 Every Director may be remunerated by the
 Company for the services he provides for the benefit of the Company, whether as Director,
 employee or otherwise, and shall be entitled to be paid for the expenses incurred in the
 Company's business including attendance at Directors' meetings.

16.14 Until otherwise determined by the Company
 by Ordinary Resolution, the Directors (other than alternate Directors) shall be entitled
 to such remuneration by way of fees for their services in the office of Director as the Directors
 may determine.

16.15 Remuneration may take any form and may
 include arrangements to pay pensions, health insurance, death or sickness benefits, whether
 to the Director or to any other person connected to or related to him.

16.16 Unless his fellow Directors determine
 otherwise, a Director is not accountable to the Company for remuneration or other benefits
 received from any other company which is in the same group as the Company or which has common
 shareholdings.

**Disclosure of information**

16.17 Subject to compliance with applicable
 laws, including the applicable federal securities laws of the United States, the Directors
 may release or disclose to a third party any information regarding the affairs of the Company,
 including any information contained in the register of Members relating to a Member, (and
 they may authorise any Director, Officer or other authorised agent of the Company to release
 or disclose to a third party any such information in his possession) if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company or that person, as the
 case may be, is lawfully required to do so under the laws of any jurisdiction to which the
 Company is subject; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such disclosure is in compliance with
 the Designated Stock Exchange Rules; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) such disclosure is in accordance with
 any contract entered into by the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the Directors are of the opinion such
 disclosure would assist or facilitate the Company's operations.

17 Delegation of powers

**Power to delegate any of the Directors' powers to a committee**

17.1 The Directors may delegate any of their
 powers to any committee consisting of one or more persons who need not be Members. Persons
 on the committee may include non-Directors so long as the majority of those persons are Directors.
 For so long as Shares are listed on a Designated Stock Exchange, any such committee shall
 be made up of such number of Independent Directors as required from time to time by the Designated
 Stock Exchange Rules or otherwise required by applicable law.

17.2 The delegation may be collateral with,
 or to the exclusion of, the Directors' own powers.

17.3 The delegation may be on such terms as
 the Directors think fit, including provision for the committee itself to delegate to a sub-committee;
 save that any delegation must be capable of being revoked or altered by the Directors at
 will.

17.4 Unless otherwise permitted by the Directors,
 a committee must follow the procedures prescribed for the taking of decisions by Directors.

17.5 For so long as the Shares are listed on
 a Designated Stock Exchange, the Board shall by Board Resolution establish an audit committee,
 a compensation committee and a nominating and corporate governance committee. Each of these
 committees shall be empowered to do all things necessary to exercise the rights of such committee
 set forth in these Articles. Each of the audit committee, compensation committee and nominating
 and corporate governance committee shall consist of at least three Directors (or such larger
 minimum number as may be required from time to time by the Designated Stock Exchange Rules).
 The majority of the committee members on each of the compensation committee and nominating
 and corporate governance committee shall be Independent Directors. The audit committee shall
 be made up of such number of Independent Directors as required from time to time by the Designated
 Stock Exchange Rules or otherwise required by applicable law.

**Local boards**

17.6 The Board may by Board Resolution establish
 any local or divisional board or agency for managing any of the affairs of the Company whether
 in the Cayman Islands or elsewhere and may appoint any persons to be members of a local or
 divisional Board, or to be managers or agents, and may fix their remuneration.

17.7 The Board may by Board Resolution delegate
 to any local or divisional board, manager or agent any of its powers and authorities (with
 power to sub-delegate) and may authorise the members of any local or divisional board or
 any of them to fill any vacancies and to act notwithstanding vacancies.

17.8 Any appointment or delegation under Article
 17.6 and Article 17.7 may be made on such terms and subject to such conditions as the Board
 thinks fit and the Board may by Board Resolution remove any person so appointed, and may
 revoke or vary any delegation.

**Power to appoint an agent of the Company**

17.9 The Directors may appoint any person, either
 generally or in respect of any specific matter, to be the agent of the Company with or without
 authority for that person to delegate all or any of that person's powers. The Directors
 may make that appointment:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by causing the Company to enter into
 a power of attorney or agreement; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in any other manner they determine.

**Power to appoint an attorney or authorised signatory of the Company**

17.10 The Directors may appoint any person,
 whether nominated directly or indirectly by the Directors, to be the attorney or the authorised
 signatory of the Company. The appointment may be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) for any purpose;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) with the powers, authorities and discretions;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) for the period; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) subject to such conditions

as they think fit. The powers, authorities and discretions, however, must not exceed those vested in, or exercisable, by the Directors under these Articles. The Directors may do so by power of attorney or any other manner they think fit.

17.11 Any power of attorney or other appointment
 may contain such provision for the protection and convenience for persons dealing with the
 attorney or authorised signatory as the Directors think fit. Any power of attorney or other
 appointment may also authorise the attorney or authorised signatory to delegate all or any
 of the powers, authorities and discretions vested in that person.

17.12 The Board may by Board Resolution remove
 any person appointed under Article 17.10 and may revoke or vary the delegation.

**Borrowing Powers**

17.13 The Directors may exercise all the powers
 of the Company to borrow money and to mortgage or charge its undertaking, property and assets
 both present and future and uncalled capital, or any part thereof, and to issue debentures
 and other securities, whether outright or as collateral security for any debt, liability
 or obligation of the Company or its parent undertaking (if any) or any subsidiary undertaking
 of the Company or of any third party.

**Corporate Governance**

17.14 The Board may by Board Resolution, from
 time to time, and except as required by applicable law or the Designated Stock Exchange Rules,
 adopt, institute, amend, modify or revoke the corporate governance policies or initiatives
 of the Company, which shall be intended to set forth the guiding principles and policies
 of the Company and the Board on various corporate governance related matters as the Board
 shall determine by Board Resolution from time to time.

18 Meetings of Directors

**Regulation of Directors' meetings**

18.1 Subject to the provisions of these Articles,
 the Directors may regulate their proceedings as they think fit.

**Calling meetings**

18.2 Any Director may call a meeting of Directors
 at any time. The Secretary must call a meeting of the Directors if requested to do so by
 a Director.

**Notice of meetings**

18.3 Notice of a Board meeting may be given
 to a Director personally or by word of mouth or given in writing or by Electronic communications
 at such address as he may from time to time specify for this purpose (or, if he does not
 specify an address, at his last known address). A Director may waive his right to receive
 notice of any meeting either prospectively or retrospectively.

**Use of technology**

18.4 A Director may participate in a meeting
 of Directors through the medium of conference telephone, video or any other form of communications
 equipment providing all persons participating in the meeting are able to hear and speak to
 each other throughout the meeting.

18.5 A Director participating in this way is
 deemed to be present in person at the meeting.

**Quorum**

18.6 The quorum for the transaction of business
 at a meeting of Directors shall be one unless the Directors fix some other number.

**Chairman or deputy to preside**

18.7 The Board may by Board Resolution appoint
 a chairman and one or more deputy chairman or chairmen and may at any time revoke any such
 appointment.

18.8 The chairman, or failing him any deputy
 chairman (the longest in office taking precedence if more than one is present), shall preside
 at all Board meetings. If no chairman or deputy chairman has been appointed, or if he is
 not present within five minutes after the time fixed for holding the meeting, or is unwilling
 to act as chairman of the meeting, the Directors present shall choose one of their number
 to act as chairman of the meeting.

**Voting**

18.9 A question which arises at a Board meeting
 shall be decided by a majority of votes. If votes are equal the chairman may, if he wishes,
 exercise a casting vote.

**Recording of dissent**

18.10 A Director present at a meeting of Directors
 shall be presumed to have assented to any action taken at that meeting unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) his dissent is entered in the minutes
 of the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he has filed with the meeting before
 it is concluded signed dissent from that action; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) he has forwarded to the Company as
 soon as practical following the conclusion of that meeting signed dissent.

A Director who votes in favour of an action is not entitled to record his dissent to it.

**Written resolutions**

18.11 The Directors may pass a resolution in
 writing without holding a meeting if all Directors sign a document or sign several documents
 in the like form each signed by one or more of those Directors.

18.12 A written resolution signed by a validly
 appointed alternate Director need not also be signed by the appointing Director.

18.13 A written resolution signed personally
 by the appointing Director need not also be signed by his alternate.

18.14 A resolution in writing passed pursuant
 to Article 18.11, Article 18.12 and/or Article 18.13 shall be as effective as if it had been
 passed at a meeting of the Directors duly convened and held; and it shall be treated as having
 been passed on the day and at the time that the last Director signs (and for the avoidance
 of doubt, such day may or may not be a Business Day).

**Validity of acts of Directors in spite of formal defect**

18.15 All acts done by a meeting of the Board,
 or of a committee of the Board, or by any person acting as a Director or an alternate Director,
 shall, notwithstanding that it is afterwards discovered that there was some defect in the
 appointment of any Director or alternate Director or member of the committee, or that any
 of them were disqualified or had vacated office or were not entitled to vote, be as valid
 as if every such person had been duly appointed and qualified and had continued to be a Director
 or alternate Director and had been entitled to vote.

19 Permissible Directors' interests and disclosure

19.1 A Director who is in any way, whether directly
 or indirectly, interested in a contract or transaction or proposed contract or transaction
 with the Company shall declare the nature of his interest at a meeting of the Directors.
 A general notice given to the Directors by any Director to the effect that he is a member
 of any specified company or firm and is to be regarded as interested in any contract or transaction
 which may thereafter be made with that company or firm shall be deemed a sufficient declaration
 of interest in regard to any contract so made or transaction so consummated. Subject to the
 Designated Stock Exchange Rules and disqualification by the chairman of the relevant Board
 meeting, a Director may vote in respect of any contract or transaction or proposed contract
 or transaction notwithstanding that he may be interested therein provided the Director discloses
 to his fellow directors the nature and extent of any material interests in respect of any
 contract or transaction or proposed contract or transaction and if he does so his vote shall
 be counted and he may be counted in the quorum at any meeting of the Directors at which any
 such contract or transaction or proposed contract or transaction shall come before the meeting
 for consideration.

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| | |
|:---|:---|
| 20 | Minutes |

---

20.1 The Company shall cause minutes to be made
 in books of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all appointments of Officers and committees
 made by the Board and of any such Officer's remuneration; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the names of Directors present at
 every meeting of the Directors, a committee of the Board, the Company or the holders of any
 class of shares or debentures, and all orders, resolutions and proceedings of such meetings.

20.2 Any such minutes, if purporting to be signed
 by the chairman of the meeting at which the proceedings were held or by the chairman of the
 next succeeding meeting or the Secretary, shall be prima facie evidence of the matters stated
 in them.

21 Accounts and audit

21.1 The Directors must ensure that proper accounting
 and other records are kept, and that accounts and associated reports are distributed in accordance
 with the requirements of the Act.

21.2 The books of account shall be kept at the
 registered office of the Company and shall always be open to inspection by the Directors.
 No Member (other than a Director) shall have any right of inspecting any account or book
 or document of the Company except as conferred by the Act or as authorised by the Directors
 or by Ordinary Resolution.

**Financial year**

21.3 Unless the Directors otherwise prescribe,
 the financial year of the Company shall end on 31 December in each year and begin on 1 January
 in each year.

**Auditors**

21.4 The Directors may appoint an Auditor of
 the Company who shall hold office on such terms as the Directors determine.

21.5 At any general meeting convened and held
 at any time in accordance with these Articles, the Members may, by Ordinary Resolution, remove
 the Auditor before the expiration of his term of office. If they do so, the Members shall,
 by Ordinary Resolution, at that meeting appoint another Auditor in his stead for the remainder
 of his term.

21.6 The Auditors shall examine such books,
 accounts and vouchers; as may be necessary for the performance of their duties.

21.7 The Auditors shall, if so requested by
 the Directors, make a report on the accounts of the Company during their tenure of office
 at the next annual general meeting following their appointment, and at any time during their
 term of office, upon request of the Directors or any general meeting of the Company.

22 Record dates

22.1 Except to the extent of any conflicting
 rights attached to Shares, the resolution declaring a dividend on Shares of any class, whether
 it be an Ordinary Resolution of the Members or a Board Resolution, may specify that the dividend
 is payable or distributable to the persons registered as the holders of those Shares at the
 close of business on a particular date, notwithstanding that the date may be a date prior
 to that on which the resolution is passed.

22.2 If the resolution does so specify, the
 dividend shall be payable or distributable to the persons registered as the holders of those
 Shares at the close of business on the specified date in accordance with their respective
 holdings so registered, but without prejudice to the rights *inter se* in respect of
 the dividend of transferors and transferees of any of those Shares.

22.3 The provisions of this Article apply, *mutatis mutandis*, to bonuses, capitalisation issues, distributions of realised capital profits
 or offers or grants made by the Company to the Members.

23 Dividends

**Source of dividends**

23.1 Dividends may be declared and paid out
 of any funds of the Company lawfully available for distribution.

23.2 Subject to the requirements of the Act
 regarding the application of a company's Share premium account and with the sanction
 of an Ordinary Resolution, dividends may also be declared and paid out of any share premium
 account.

**Declaration of dividends by Members**

23.3 Subject to the provisions of the Act, the
 Company may by Ordinary Resolution declare dividends in accordance with the respective rights
 of the Members but no dividend shall exceed the amount recommended by the Directors.

**Payment of interim dividends and declaration of final dividends by Directors**

23.4 The Directors may by Board Resolution declare
 and pay interim dividends or recommend final dividends in accordance with the respective
 rights of the Members if it appears to them that they are justified by the financial position
 of the Company and that such dividends may lawfully be paid.

23.5 Subject to the provisions of the Act, in
 relation to the distinction between interim dividends and final dividends, the following
 applies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Upon determination to pay a dividend
 or dividends described as interim by the Directors in the dividend Board Resolution, no debt

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon declaration of a dividend or
 dividends described as final by the Directors in the dividend Board Resolution, a debt shall
 be created immediately following the declaration, the due date to be the date the dividend
 is stated to be payable in the Board Resolution.

If the Board Resolution fails to specify whether a dividend is final or interim, it shall be assumed to be interim.

23.6 In relation to Shares carrying differing
 rights to dividends or rights to dividends at a fixed rate, the following applies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) If the share capital is divided into
 different classes, the Directors may pay dividends on Shares which confer deferred or non-preferred
 rights with regard to dividends as well as on Shares which confer preferential rights with
 regard to dividends but no dividend shall be paid on Shares carrying deferred or non-preferred
 rights if, at the time of payment, any preferential dividend is in arrears.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Directors may also pay, at intervals
 settled by them, any dividend payable at a fixed rate if it appears to them that there are
 sufficient funds of the Company lawfully available for distribution to justify the payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If the Directors act in good faith,
 they shall not incur any liability to the Members holding Shares conferring preferred rights
 for any loss those Members may suffer by the lawful payment of the dividend on any Shares
 having deferred or non-preferred rights.

**Apportionment of dividends**

23.7 Except as otherwise provided by the rights
 attached to Shares all dividends shall be declared and paid according to the amounts Paid
 Up on the Shares on which the dividend is paid. All dividends shall be apportioned and paid
 proportionately to the amount Paid Up on the Shares during the time or part of the time in
 respect of which the dividend is paid. But if a Share is issued on terms providing that it
 shall rank for dividend as from a particular date, that Share shall rank for dividend accordingly.

**Right of set off**

23.8 The Directors may deduct from a dividend
 or any other amount payable to a person in respect of a Share any amount due by that person
 to the Company on a call or otherwise in relation to a Share.

**Power to pay other than in cash**

23.9 If the Directors so determine, any Board
 Resolution declaring a dividend may direct that it shall be satisfied wholly or partly by
 the distribution of assets. If a difficulty arises in relation to the distribution, the Directors
 may settle that difficulty in any way they consider appropriate. For example, they may do
 any one or more of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue fractional Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) fix the value of assets for distribution
 and make cash payments to some Members on the footing of the value so fixed in order to adjust
 the rights of Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) vest some assets in trustees.

**How payments may be made**

23.10 A dividend or other monies payable on
 or in respect of a Share may be paid in any of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if the Member holding that Share or
 other person entitled to that Share nominates a bank account for that purpose - by wire transfer
 to that bank account; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by cheque or warrant sent by post
 to the registered address of the Member holding that Share or other person entitled to that
 Share.

23.11 For the purposes of Article 23.10(a),
 the nomination may be in writing or in an Electronic Record and the bank account nominated
 may be the bank account of another person. For the purposes of Article 23.10(b), subject
 to any applicable law or regulation, the cheque or warrant shall be made to the order of
 the Member holding that Share or other person entitled to the Share or to his nominee, whether
 nominated in writing or in an Electronic Record, and payment of the cheque or warrant shall
 be a good discharge to the Company.

23.12 If two or more persons are registered
 as the holders of the Share or are jointly entitled to it by reason of the death or bankruptcy
 of the registered holder (**Joint Holders**), a dividend (or other amount) payable on
 or in respect of that Share may be paid as follows:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to the registered address of the Joint
 Holder of the Share who is named first on the register of Members or to the registered address
 of the deceased or bankrupt holder, as the case may be; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to the address or bank account of
 another person nominated by the Joint Holders, whether that nomination is in writing or in
 an Electronic Record.

23.13 Any Joint Holder of a Share may give a
 valid receipt for a dividend (or other amount) payable in respect of that Share.

**Dividends or other monies not to bear interest in absence of special rights**

23.14 Unless provided for by the rights attached
 to a Share, no dividend or other monies payable by the Company in respect of a Share shall
 bear interest.

**Dividends unable to be paid or unclaimed**

23.15 If a dividend cannot be paid to a Member
 or remains unclaimed within six weeks after it was declared or both, the Directors may pay
 it into a separate account in the Company's name. If a dividend is paid into a separate
 account, the Company shall not be constituted trustee in respect of that account and the
 dividend shall remain a debt due to the Member.

23.16 A dividend that remains unclaimed for
 a period of six years after it became due for payment shall be forfeited to, and shall cease
 to remain owing by, the Company.

24 Capitalisation of profits

**Capitalisation of profits or of any share premium account or capital redemption reserve;**

24.1 The Directors may resolve to capitalise:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any part of the Company's profits
 not required for paying any preferential dividend (whether or not those profits are available
 for distribution); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any sum standing to the credit of
 the Company's share premium account or capital redemption reserve, if any.

24.2 The amount resolved to be capitalised must
 be appropriated to the Members who would have been entitled to it had it been distributed
 by way of dividend and in the same proportions. The benefit to each Member so entitled must
 be given in either or both of the following ways::

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by paying up the amounts unpaid on
 that Member's Shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by issuing Fully Paid Up Shares, debentures
 or other securities of the Company to that Member or as that Member directs. The Directors
 may resolve that any Shares issued to the Member in respect of Partly Paid Up Shares (**Original Shares**) rank for dividend only to the extent that the Original Shares rank for dividend
 while those Original Shares remain Partly Paid Up.

**Applying an amount for the benefit of Members**

24.3 The amount capitalised must be applied
 to the benefit of Members in the proportions to which the Members would have been entitled
 to dividends if the amount capitalised had been distributed as a dividend.

24.4 Subject to the Act, if a fraction of a
 Share, a debenture or other security is allocated to a Member, the Directors may issue a
 fractional certificate to that Member or pay him the cash equivalent of the fraction.

25 Share Premium Account

**Directors to maintain share premium account**

25.1 The Directors shall establish a share premium
 account in accordance with the Act. They shall carry to the credit of that account from time
 to time an amount equal to the amount or value of the premium paid on the issue of any Share
 or capital contributed or such other amounts required by the Act.

**Debits to share premium account**

25.2 The following amounts shall be debited
 to any share premium account:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) on the redemption or purchase of a
 Share, the difference between the nominal value of that Share and the redemption or purchase
 price; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any other amount paid out of a share
 premium account as permitted by the Act.

25.3 Notwithstanding the preceding Article,
 on the redemption or purchase of a Share, the Directors may pay the difference between the
 nominal value of that Share and the redemption purchase price out of the profits of the Company
 or, as permitted by the Act, out of capital.

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| | |
|:---|:---|
| 26 | Seal |

---

**Company seal**

26.1 The Company may have a seal if the Directors
 so determine by Board Resolution.

**Duplicate seal**

26.2 Subject to the provisions of the Act, the
 Company may also have a duplicate seal or seals for use in any place or places outside the
 Cayman Islands. Each duplicate seal shall be a facsimile of the original seal of the Company.
 However, if the Directors so determine by Board Resolution, a duplicate seal shall have added
 on its face the name of the place where it is to be used.

**When and how seal is to be used**

26.3 A seal may only be used by the authority
 of the Directors. Unless the Directors otherwise determine by Board Resolution, a document
 to which a seal is affixed must be signed in one of the following ways:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by a Director (or his alternate) and
 the Secretary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by a single Director (or his alternate).

**If no seal is adopted or used**

26.4 If the Directors do not adopt a seal, or
 a seal is not used, a document may be executed in the following manner:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by a Director (or his alternate) and
 the Secretary; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by a single Director (or his alternate);
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in any other manner permitted by the
 Act.

**Power to allow non-manual signatures and facsimile printing of seal**

26.5 The Directors may determine by Board Resolution
 that either or both of the following applies:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that the seal or a duplicate seal
 need not be affixed manually but may be affixed by some other method or system of reproduction;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that a signature required by these
 Articles need not be manual but may be a mechanical or Electronic Signature.

**Validity of execution**

26.6 If a document is duly executed and delivered
 by or on behalf of the Company, it shall not be regarded as invalid merely because, at the
 date of the delivery, the Secretary, or the Director, or other Officer or person who signed
 the document or affixed the seal for and on behalf of the Company ceased to be the Secretary
 or hold that office and authority on behalf of the Company.

27 Indemnity

27.1 To the extent permitted by law, the Company
 shall indemnify each existing or former Director (including alternate Director), Secretary
 and other Officer of the Company (including an investment adviser or an administrator or
 liquidator) and their personal representatives against:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all actions, proceedings, costs, charges,
 expenses, losses, damages or liabilities incurred or sustained by the existing or former
 Director (including alternate Director), Secretary or Officer in or about the conduct of
 the Company's business or affairs or in the execution or discharge of the existing or former
 Director's (including alternate Director's), Secretary's or Officer's duties,
 powers, authorities or discretions; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) without limitation to paragraph (a),
 all costs, expenses, losses or liabilities incurred by the existing or former Director (including
 alternate Director), Secretary or Officer in defending (whether successfully or otherwise)
 any civil, criminal, administrative or investigative proceedings (whether threatened, pending
 or completed) concerning the Company or its affairs in any court or tribunal, whether in
 the Cayman Islands or elsewhere.

No such existing or former Director (including alternate Director), Secretary or Officer, however, shall be indemnified in respect of any matter arising out of his own dishonesty.

27.2 To the extent permitted by Act, the Company
 may make a payment, or agree to make a payment, whether by way of advance, loan or otherwise,
 for any legal costs incurred by an existing or former Director (including alternate Director),
 Secretary or Officer of the Company in respect of any matter identified in Article 27.1 on
 condition that the Director (including alternate Director), Secretary or Officer must repay
 the amount paid by the Company to the extent that it is ultimately found not liable to indemnify
 the Director (including alternate Director), Secretary or that Officer for those legal costs.

**Release**

27.3 To the extent permitted by Act, the Company
 may by Special Resolution release any existing or former Director (including alternate Director),
 Secretary or other Officer of the Company from liability for any loss or damage or right
 to compensation which may arise out of or in connection with the execution or discharge of
 the duties, powers, authorities or discretions of his office; but there may be no release
 from liability arising out of or in connection with that person's own dishonesty.

**Insurance**

27.4 To the extent permitted by Act, the Company
 may pay, or agree to pay, a premium in respect of a contract insuring each of the following
 persons against risks determined by the Directors, other than liability arising out of that
 person's own dishonesty:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an existing or former Director (including
 alternate Director), Secretary or Officer or auditor of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) a company which is or was a subsidiary
 of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) a company in which the Company has
 or had an interest (whether direct or indirect); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a trustee of an employee or retirement
 benefits scheme or other trust in which any of the persons referred to in paragraph (a) is
 or was interested.

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| | |
|:---|:---|
| 28 | Notices |

---

**Form of notices**

28.1 Save where these Articles provide otherwise,
 and subject to the Designated Stock Exchange Rules, any notice to be given to or by any person
 pursuant to these Articles shall be:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in writing signed by or on behalf
 of the giver in the manner set out below for written notices; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) subject to the next Article, in an
 Electronic Record signed by or on behalf of the giver by Electronic Signature and authenticated
 in accordance with Articles about authentication of Electronic Records; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) where these Articles expressly permit,
 by the Company by means of a website.

**Electronic communications**

28.2 A notice may only be given to the Company
 in an Electronic Record if:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Directors so resolve or otherwise
 accept the notice; or;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any Director or Officer provides the
 giver of the notice an electronic address to which the notice may be sent and a notice is
 sent to that address within a reasonable period of time.

28.3 A notice may not be given by Electronic
 Record to a person other than the Company unless the recipient has provided the giver of
 an Electronic address to which notice may be sent.

28.4 Subject to the Act, the Designated Stock
 Exchange Rules and to any other rules which the Company is bound to follow, the Company may
 also send any notice or other document pursuant to these Articles to a Member by publishing
 that notice or other document on a website where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Company and the Member have agreed
 to his having access to the notice or document on a website (instead of it being sent to
 him);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the notice or document is one to which
 that agreement applies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Member is notified (in accordance
 with any requirements laid down by the Act and, in a manner for the time being agreed between
 him and the Company for the purpose) of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the publication of the notice or document
 on a website;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the address of that website; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the place on that website where the
 notice or document may be accessed, and how it may be accessed; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the notice or document is published
 on that website throughout the publication period, provided that, if the notice or document
 is published on that website for a part, but not all of, the publication period, the notice
 or document shall be treated as being published throughout that period if the failure to
 publish that notice of document throughout that period is wholly attributable to circumstances
 which it would not be reasonable to have expected the Company to prevent or avoid. For the
 purposes of this Article 28.4 "publication period" means a period of not less than
 seven days, beginning on the day on which the notification referred to in Article 28.4(c)
 is deemed sent.

**Persons entitled to notices**

28.5 Any notice or other document to be given
 to a Member may be given by reference to the register of Members as it stands at any time
 within the period of seven days before the day that the notice is given or (where and as
 applicable) within any other period permitted by, or in accordance with the requirements
 of, (to the extent applicable) the Designated Stock Exchange Rules and/or the Designated
 Stock Exchanges. No change in the register of Members after that time shall invalidate the
 giving of such notice or document or require the Company to give such item to any other person.

**Persons authorised to give notices**

28.6 A notice by either the Company or a Member
 pursuant to these Articles may be given on behalf of the Company or a Member by a Director
 or company secretary of the Company or a Member.

**Delivery of written notices**

28.7 Save where these Articles provide otherwise,
 a notice in writing may be given personally to the recipient, or left at (as appropriate)
 the Member's or Director's registered address or the Company's registered
 office, or posted to that registered address or registered office.

**Joint holders**

28.8 Where Members are joint holders of a Share,
 all notices shall be given to the Member whose name first appears in the register of Members.

**Signatures**

28.9 A written notice shall be signed when it
 is autographed by or on behalf of the giver, or is marked in such a way as to indicate its
 execution or adoption by the giver.

28.10 An Electronic Record may be signed by
 an Electronic Signature.

**Evidence of transmission**

28.11 A notice given by Electronic Record shall
 be deemed sent if an Electronic Record is kept demonstrating the time, date and content of
 the transmission, and if no notification of failure to transmit is received by the giver.

28.12 A notice given in writing shall be deemed
 sent if the giver can provide proof that the envelope containing the notice was properly
 addressed, pre-paid and posted, or that the written notice was otherwise properly transmitted
 to the recipient.

28.13 A Member present, either in person or
 by proxy, at any meeting of the Company or of the holders of any class of Shares shall be
 deemed to have received due notice of the meeting and, where requisite, of the purposes for
 which it was called.

**Giving notice to a deceased or bankrupt Member**

28.14 A notice may be given by the Company to
 the persons entitled to a Share in consequence of the death or bankruptcy of a Member by
 sending or delivering it, in any manner authorised by these Articles for the giving of notice
 to a Member, addressed to them by name, or by the title of representatives of the deceased,
 or trustee of the bankrupt or by any like description, at the address, if any, supplied for
 that purpose by the persons claiming to be so entitled.

28.15 Until such an address has been supplied,
 a notice may be given in any manner in which it might have been given if the death or bankruptcy
 had not occurred.

**Date of giving notices**

28.16 A notice is given on the date identified
 in the following table

---

| | |
|:---|:---|
| &nbsp;&nbsp;<br> **Method for giving notices** | &nbsp;&nbsp;**When taken to be given** |
| &nbsp;&nbsp;(A) Personally | &nbsp;&nbsp;At the time and date of delivery |
| &nbsp;&nbsp;(B) By leaving it at the Member's registered address | &nbsp;&nbsp;At the time and date it was left |
| &nbsp;&nbsp;(C) By posting it by prepaid post to the street or postal address of that recipient | &nbsp;&nbsp;48 hours after the date it was posted |
| &nbsp;&nbsp;(D) By Electronic Record (other than publication on a website), to recipient's Electronic address | &nbsp;&nbsp;48 hours after the date it was sent |
| &nbsp;&nbsp;(E) By publication on a website | &nbsp;&nbsp;24 hours after the date on which the Member is deemed to have been notified of the publication of the notice or document on the website |

---

**Saving provision**

28.17 None of the preceding notice provisions
 shall derogate from the Articles about the delivery of written resolutions of Directors and
 written resolutions of Members.

29 Authentication of Electronic Records

**Application of Articles**

29.1 Without limitation to any other provision
 of these Articles, any notice, written resolution or other document under these Articles
 that is sent by Electronic means by a Member, or by the Secretary, or by a Director or other
 Officer of the Company, shall be deemed to be authentic if either Article 29.2 or Article
 29.4 applies.

**Authentication of documents sent by Members by Electronic means**

29.2 An Electronic Record of a notice, written
 resolution or other document sent by Electronic means by or on behalf of one or more Members
 shall be deemed to be authentic if the following conditions are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Member or each Member, as the
 case may be, signed the original document, and for this purpose **Original Document** includes several documents in like form signed by one or more of those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Electronic Record of the Original
 Document was sent by Electronic means by, or at the direction of, that Member to an address
 specified in accordance with these Articles for the purpose for which it was sent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Article 29.7 does not apply.

29.3 For example, where a sole Member signs
 a resolution and sends the Electronic Record of the original resolution, or causes it to
 be sent, by facsimile transmission to the address in these Articles specified for that purpose,
 the facsimile copy shall be deemed to be the written resolution of that Member unless Article
 29.7 applies.

**Authentication of document sent by the Secretary or Officers of the Company by Electronic means**

29.4 An Electronic Record of a notice, written
 resolution or other document sent by or on behalf of the Secretary or an Officer or Officers
 of the Company shall be deemed to be authentic if the following conditions are satisfied:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Secretary or the Officer or each
 Officer, as the case may be, signed the original document, and for this purpose **Original Document** includes several documents in like form signed by the Secretary or one or more
 of those Officers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Electronic Record of the Original
 Document was sent by Electronic means by, or at the direction of, the Secretary or that Officer
 to an address specified in accordance with these Articles for the purpose for which it was
 sent; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Article 29.7 does not apply.

This Article 29.4 applies whether the document is sent by or on behalf of the Secretary or Officer in his own right or as a representative of the Company.

29.5 For example, where a sole Director signs
 a resolution and scans the resolution, or causes it to be scanned, as a PDF version which
 is attached to an email sent to the address in these Articles specified for that purpose,
 the PDF version shall be deemed to be the written resolution of that Director unless Article
 29.7 applies.

**Manner of signing**

29.6 For the purposes of these Articles about
 the authentication of Electronic Records, a document will be taken to be signed if it is
 signed manually or in any other manner permitted by these Articles.

**Saving provision**

29.7 A notice, written resolution or other document
 under these Articles will not be deemed to be authentic if the recipient, acting reasonably:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) believes that the signature of the
 signatory has been altered after the signatory had signed the original document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) believes that the original document,
 or the Electronic Record of it, was altered, without the approval of the signatory, after
 the signatory signed the original document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) otherwise doubts the authenticity
 of the Electronic Record of the document

and the recipient promptly gives notice to the sender setting the grounds of its objection. If the recipient invokes this Article, the sender may seek to establish the authenticity of the Electronic Record in any way the sender thinks fit.

30 Transfer by way of continuation

30.1 The Company may, by Special Resolution,
 resolve to be registered by way of continuation in a jurisdiction outside:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the Cayman Islands; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) such other jurisdiction in which it
 is, for the time being, incorporated, registered or existing.

30.2 To give effect to any resolution made pursuant
 to the preceding Article, the Directors may cause the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) an application be made to the Registrar
 of Companies of the Cayman Islands to deregister the Company in the Cayman Islands or in
 the other jurisdiction in which it is for the time being incorporated, registered or existing;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all such further steps as they consider
 appropriate to be taken to effect the transfer by way of continuation of the Company.

31 Winding up

**Distribution of assets in specie**

31.1 If the Company is wound up the Members
 may, subject to these Articles and any other sanction required by the Act, pass a Special
 Resolution allowing the liquidator to do either or both of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to divide in specie among the Members
 the whole or any part of the assets of the Company and, for that purpose, to value any assets
 and to determine how the division shall be carried out as between the Members or different
 classes of Members; and/or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to vest the whole or any part of the
 assets in trustees for the benefit of Members and those liable to contribute to the winding
 up.

**No obligation to accept liability**

31.2 No Member shall be compelled to accept
 any assets if an obligation attaches to them.

31.3 The Directors are authorised to present
 a winding up petition

31.4 The Directors have the authority to present
 a petition for the winding up of the Company to the Grand Court of the Cayman Islands on
 behalf of the Company without the sanction of a resolution passed at a general meeting.

32 Amendment of Memorandum and Articles

**Power to change name or amend Memorandum**

32.1 Subject to the Act, the Company may, by
 Special Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) change its name; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) change the provisions of its Memorandum
 with respect to its objects, powers or any other matter specified in the Memorandum.

**Power to amend these Articles**

32.2 Subject to the Act and as provided in these
 Articles, the Company may, by Special Resolution, amend these Articles in whole or in part.

## Exhibit 99.2

**Exhibit 99.2**

**Wellchange Holdings Company Limited**

Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong

**PROXY**

Solicited on Behalf of the Board of Directors for a Meeting of Holders of Class A Ordinary Shares

To be held on July 6, 2026 at 10:00 a.m. Hong Kong Time (July 5, 2026 at 10:00 p.m. Eastern Time)

The undersigned hereby appoints Mr. Shek Kin Pong as proxy with full power of substitution, to represent and to vote as set forth herein all the Class A ordinary shares of Wellchange Holdings Company Limited (the "Company") which the undersigned is entitled to vote at the Class A Meeting and any adjournments or postponements thereof. If no designation is made, the proxy, when properly executed, will be voted "FOR" Item 1.

**Item 1.** By a special resolution of the holders of Class A Ordinary Shares, being the affirmative vote of a majority of not less than two-thirds (2/3) of the votes cast by the holders of Class A Ordinary Shares present in person or by proxy and entitled to vote at the Class A Meeting, to approve, insofar as the same constitutes a variation or abrogation of the rights attached to the Class A Ordinary Shares, (i) the increase of the voting rights attached to each Class B Ordinary Share from thirty-five (35) votes per share to one hundred (100) votes per share on all matters subject to vote at general meetings of the Company (the "**Increase of Voting Rights of Class B Ordinary Shares**") and (ii) the adoption of the fifth amended and restated memorandum and articles of association of the Company in the form attached as Appendix A to the proxy statement accompanying this notice in substitution for, and to the exclusion of, the existing amended and restated memorandum and articles of association of the Company (the "**Adoption of the Amended and Restated M&A**"), in each case as contemplated by Proposal Three (the "**Class A Proposal**").

☐ For ☐ Against ☐ Abstain

In his discretion, the proxy is authorized to vote upon any other matters which may properly come before the meeting or any adjournment or postponement thereof.

THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.

Dated: __________________________________, 2026

Signature: __________________________________

Signature (Joint Owners): __________________________________

Please date and sign name exactly as it appears hereon. Executors, administrators, trustees, etc. should so indicate when signing. If the shareholder is a corporation, the full corporate name should be inserted and the proxy signed by an officer of the corporation indicating his/her title.

**VOTING INSTRUCTIONS**

To vote by Internet: visit www.proxyvote.com or scan the QR code on your voting card. To vote by Telephone: call the telephone number on your voting card. To vote by Mail: check the appropriate boxes, sign, date and return your voting card in the enclosed envelope. The latest we will accept voting is July 5, 2026, at 11:59 a.m. Hong Kong Time (July 4, 2026, at 11:59 p.m. Eastern Time).

## Exhibit 99.3

**Exhibit 99.3**

**Wellchange Holdings Company Limited**

Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong

**PROXY**

Solicited on Behalf of the Board of Directors for a Meeting of Holders of Class B Ordinary Shares

To be held on July 6, 2026 at 10:15 a.m. Hong Kong Time (July 5, 2026 at 10:15 p.m. Eastern Time)

The undersigned hereby appoints Mr. Shek Kin Pong as proxy with full power of substitution, to represent and to vote as set forth herein all the Class B ordinary shares of Wellchange Holdings Company Limited (the "**Company**") which the undersigned is entitled to vote at the Class B Meeting and any adjournments or postponements thereof. If no designation is made, the proxy, when properly executed, will be voted "FOR" Item 1.

**Item 1.** By a special resolution of the holders of Class B Ordinary Shares, being the affirmative vote of not less than two-thirds (2/3) of the votes cast by the holders of Class B Ordinary Shares present in person or by proxy and entitled to vote at the Class B Meeting, to approve, insofar as the same constitutes a variation or abrogation of the rights attached to the Class B Ordinary Shares, (i) the Increase of Voting Rights of Class B Ordinary Shares, (ii) the Adoption of the Amended and Restated M&A, and (iii) to approve the consolidation of every four hundred (400) issued and unissued Class A Ordinary Shares into one (1) Class A Ordinary Share, at an aggregate ratio of one-for-four hundred (1-for-400) (the "**Class A Share Consolidation**"), to be effected by the Board of Directors in its sole discretion in one or more tranches at any time within twelve (12) months following the date of the this meeting, on such effective date or dates as the Board of Directors shall determine and announce, with the par value of each Class A Ordinary Share being increased proportionally on each effective date so that the aggregate authorized share capital of the Company attributable to the Class A Ordinary Shares remains unchanged, with the Class B Ordinary Shares remaining unconsolidated, with the conversion rate applicable to the Class B Ordinary Shares being adjusted in accordance with the existing amended and restated memorandum and articles of association of the Company, and with any fractional Class A Ordinary Shares created as a result of the Class A Share Consolidation being rounded up to the nearest whole share at the holder level, in each case as contemplated by Proposal Three and Proposal Four (the "**Class B Proposal**").

☐ For ☐ Against ☐ Abstain

In his discretion, the proxy is authorized to vote upon any other matters which may properly come before the meeting or any adjournment or postponement thereof.

THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.

Dated: __________________________________, 2026

Signature: __________________________________

Signature (Joint Owners): __________________________________

Please date and sign name exactly as it appears hereon. Executors, administrators, trustees, etc. should so indicate when signing. If the shareholder is a corporation, the full corporate name should be inserted and the proxy signed by an officer of the corporation indicating his/her title.

**VOTING INSTRUCTIONS**

To vote by Internet: visit www.proxyvote.com or scan the QR code on your voting card. To vote by Telephone: call the telephone number on your voting card. To vote by Mail: check the appropriate boxes, sign, date and return your voting card in the enclosed envelope. The latest we will accept voting is July 5, 2026, at 11:59 a.m. Hong Kong Time (July 4, 2026, at 11:59 p.m. Eastern Time).

## Exhibit 99.4

**Exhibit 99.4**

**Wellchange Holdings Company Limited**

Unit 7 On 25th Floor, Global Gateway Tower, No. 63 Wing Hong Street, Kowloon, Hong Kong

**PROXY**

Solicited on Behalf of the Board of Directors for the Annual General Meeting of Shareholders

To be held on July 6, 2026 at 10:30 a.m. Hong Kong Time (July 5, 2026 at 10:30 p.m. Eastern Time)

The undersigned hereby appoints Mr. Shek Kin Pong as proxy with full power of substitution, to represent and to vote as set forth herein all the ordinary shares of Wellchange Holdings Company Limited (the "Company") which the undersigned is entitled to vote at the AGM and any adjournments or postponements thereof. If no designation is made, the proxy, when properly executed, will be voted "FOR" Items 1, 2, 3, 4 and 5.

**Item 1.** By a special resolution, subject to the directors of the Company making the requisite solvency statement in accordance with the Companies Act (As Revised) and the filing and registration of the same, together with the minute of reduction, with the Registrar of Companies of the Cayman Islands in accordance with the Companies Act (As Revised), to approve a reduction of the Company's authorized share capital from (i) US$50,000 divided into 18,000,000 Class A Ordinary Shares of par value US$0.0025 each and 2,000,000 Class B Ordinary Shares of par value US$0.0025 each, to (ii) US$100 divided into 18,000,000 Class A Ordinary Shares of par value US$0.000005 each and 2,000,000 Class B Ordinary Shares of par value US$0.000005 each, by reducing the par value of each issued and unissued share, and that the amount by which the issued share capital is reduced shall be credited to the share premium account of the Company (the "**Par Value Reduction**").

☐ For ☐ Against ☐ Abstain

**Item 2.** By an ordinary resolution, conditional upon and with effect immediately following the Par Value Reduction becoming effective, to increase the authorized share capital of the Company from US$100 divided into 18,000,000 Class A Ordinary Shares of par value US$0.000005 each and 2,000,000 Class B Ordinary Shares of par value US$0.000005 each, to US$50,000 divided into 9,900,000,000 Class A Ordinary Shares of par value US$0.000005 each and 100,000,000 Class B Ordinary Shares of par value US$0.000005 each (the "**Share Capital Increase**").

☐ For ☐ Against ☐ Abstain

**Item 3.** By a special resolution, subject to and conditional upon all requisite class consents (the Class A Proposal and the Class B Proposal) being obtained, to approve the increase of the voting rights attached to each Class B Ordinary Share of par value US$0.0025 each from thirty-five (35) votes per share to one hundred (100) votes per share on all matters subject to vote at general meetings of the Company and the adoption of the fifth amended and restated memorandum and articles of association of the Company in the form attached as Appendix A to the proxy statement accompanying this notice in substitution for, and to the exclusion of, the existing amended and restated memorandum and articles of association of the Company.

☐ For ☐ Against ☐ Abstain

**Item 4.** By an ordinary resolution, subject to and conditional upon approval by the shareholders of Proposal One and Proposal Two and all requisite class consents (the Class A Proposal and the Class B Proposal) being obtained, to approve the consolidation of every four hundred (400) issued and unissued Class A Ordinary Shares into one (1) Class A Ordinary Share, at an aggregate ratio of one-for-four hundred (1-for-400), to be effected by the Board of Directors in its sole discretion in one or more tranches at any time within twelve (12) months following the date of the AGM, on such effective date or dates as the Board of Directors shall determine and announce, with the par value of each Class A Ordinary Share being increased proportionally on each effective date so that the aggregate authorized share capital of the Company attributable to the Class A Ordinary Shares remains unchanged, with the Class B Ordinary Shares remaining unconsolidated, with the conversion rate applicable to the Class B Ordinary Shares being adjusted in accordance with the existing amended and restated memorandum and articles of association of the Company, and with any fractional Class A Ordinary Shares created as a result of the Class A Share Consolidation being rounded up to the nearest whole share at the holder level.

☐ For ☐ Against ☐ Abstain

**Item 5.** By an ordinary resolution, to adjourn either or both of the Class A Meeting and the AGM to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of any of the Class A Proposal, Proposal One, Proposal Two, Proposal Three, Proposal Four and Proposal Five (the "**Adjournment**").

☐ For ☐ Against ☐ Abstain

In his discretion, the proxy is authorized to vote upon any other matters which may properly come before the meeting or any adjournment or postponement thereof.

THIS PROXY CARD IS VALID ONLY WHEN SIGNED AND DATED.

Dated: __________________________________, 2026

Signature: __________________________________

Signature (Joint Owners): __________________________________

Please date and sign name exactly as it appears hereon. Executors, administrators, trustees, etc. should so indicate when signing. If the shareholder is a corporation, the full corporate name should be inserted and the proxy signed by an officer of the corporation indicating his/her title.

**VOTING INSTRUCTIONS**

To vote by Internet: visit www.proxyvote.com or scan the QR code on your voting card. To vote by Telephone: call the telephone number on your voting card. To vote by Mail: check the appropriate boxes, sign, date and return your voting card in the enclosed envelope. The latest we will accept voting is July 5, 2026, at 11:59 a.m. Hong Kong Time (July 4, 2026, at 11:59 p.m. Eastern Time).