# EDGAR Filing Document

**Accession Number:** 0001725123
**File Stem:** 0001104659-26-065362
**Filing Date:** 2026-5
**Character Count:** 212851
**Document Hash:** bbcd83569b334c517d41aa744f3e90bc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-065362.hdr.sgml**: 20260522

**ACCESSION NUMBER**: 0001104659-26-065362

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20260522

**FILED AS OF DATE**: 20260522

**DATE AS OF CHANGE**: 20260522

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cango Inc.
- **CENTRAL INDEX KEY:** 0001725123
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-38590
- **FILM NUMBER:** 261010647

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ROOM 2605, HARBOUR CENTRE
- **STREET 2:** 25 HARBOUR ROAD
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3
- **ZIP:** 000
- **BUSINESS PHONE:** 86-21-3183-0016

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** ROOM 2605, HARBOUR CENTRE
- **STREET 2:** 25 HARBOUR ROAD
- **CITY:** HONG KONG
- **PROVINCE COUNTRY:** K3
- **ZIP:** 000

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION<br> WASHINGTON D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2026

Commission File Number: 001-38590

CANGO INC.

3131 McKinney Avenue

Dallas, Texas 75204, U.S.A.

(Address of principal executive offices)

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

Form 20-F ⌧ Form 40-F ◻

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| [Exhibit 99.1](tm2615242d1_ex99-1.htm) | [Notice of Extraordinary General Meeting of Members and Proxy Statement](tm2615242d1_ex99-1.htm) |
| [Exhibit 99.2](tm2615242d1_ex99-2.htm) | [Form of Proxy Card](tm2615242d1_ex99-2.htm) |

---

**SIGNATURE**

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.

---

| | |
|:---|:---|
| CANGO INC. | CANGO INC. |
| By: | /s/ Simon Tang |
| Name: | Simon Tang |
| Title: | Director and Chief Financial Officer |

---

Date: May 22, 2026

## Exhibit 99.1

**Exhibit 99.1**

**CANGO INC.**

**Notice of Extraordinary General Meeting of Shareholders**

**To be held on** **June 24, 2026 at 9:00 a.m. (Hong Kong time)**

**(or any adjourned or postponed meeting thereof)**

------

NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the "EGM") of Cango Inc. (the "Company") will be held at 2605, 26/F, Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong, at 9:00 a.m. (Hong Kong time) on June 24, 2026.

The EGM and any or all adjournments thereof will be held to consider and vote on the following proposals:

**Proposal No. 1:** **Approval of Share Consolidation**

TO BE RESOLVED AS AN ORDINARY RESOLUTION THAT the authorized share capital of the Company, comprising both issued and unissued Class A ordinary shares of a par value of US$0.0001 each (the "**Class A Ordinary Shares**") and Class B ordinary shares of a par value of US$0.0001 each (the "**Class B Ordinary Shares**", and together with the Class A Ordinary Shares, the "**Shares**"), be consolidated (the "**Share Consolidation**") at a share consolidation ratio within a range of no consolidation to a maximum consolidation ratio of 10:1 and at such effective time as the board of directors of the Company (the "**Board of Directors**") may determine and execute in its sole discretion, within 15 days of the EGM, with such consolidated Shares having the same rights and being subject to the same restrictions (save as to par value) as the existing Shares of such class as set out in the Fifth Amended and Restated Memorandum and Articles of Association (as defined below). No fractional Shares shall be issued in connection with the Share Consolidation; in the event that a shareholder would otherwise be entitled to receive a fractional Share upon the Share Consolidation, the total number of Shares to be received by such shareholder shall be rounded down to the next whole Share and any fraction of a Share resulting from the Share Consolidation shall be cancelled and returned to the pool of authorized but unissued Shares in the capital of the Company without the payment of any consideration to the holder thereof.

**Proposal No. 2: Approval of** **Adoption of the Fifth Amended and Restated Memorandum and Articles of Association of the Company**

TO BE RESOLVED AS A SPECIAL RESOLUTION THAT, subject to and immediately following the Share Consolidation being effected, the fifth amended and restated memorandum and articles of association of the Company (the "**Fifth Amended and Restated Memorandum and Articles of Association**"), substantially in the form attached as Annex A to the Proxy Statement furnished herewith, be adopted in substitution for and to the exclusion of the current amended and restated memorandum and articles of association of the Company in all respects, to reflect the Share Consolidation with effect from the effective date of the Share Consolidation.

**Proposal No. 3: Approval of** **Adjournment of the EGM**

TO BE RESOLVED AS AN ORDINARY RESOLUTION THAT the extraordinary general meeting be adjourned in order to allow the Company to solicit additional proxies in the event that there are insufficient proxies received at the time of the extraordinary general meeting to pass the resolutions to be proposed at the extraordinary general meeting.

The foregoing items of business are more fully described in the proxy statement accompanying this notice. The Board of Directors unanimously recommends that the shareholders vote "FOR" for all the items.

The Board of Directors has fixed the close of business on May 8, 2026 (Eastern Daylight Time) as the record date (the "**Record Date**") for determining the shareholders entitled to receive notice of and attend and vote at the EGM or any adjournment or postponement thereof. Only shareholders of the Company on the Record Date are entitled to receive notice of and to vote at the EGM or any adjournment thereof.

**Shareholders may obtain a copy of this Notice and the proxy materials from the Company's website at https://ir.cangoonline.com/.**

**Each shareholder who is entitled to attend and vote at the EGM is entitled to appoint one or more proxies to attend and vote instead of that shareholder, and a proxyholder need not be a shareholder.**

The Board of Directors is soliciting proxies. Shareholders who are unable to attend the EGM or any adjournment thereof and who wish to ensure that their shares will be voted are requested to complete, date and sign the enclosed form of proxy in accordance with the instructions set out in the form of proxy and in the proxy statement accompanying this Notice and return it (i) by mail or by hand to Continental Stock Transfer & Trust Company, 1 State Street, Floor 30, New York City, N.Y. 10275-0741, Attention: Proxy Services, (ii) by mail or by hand to the Company at 2605, 26/F, Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong, or (iii) by email at ir@cangoonline.com.

For the proxy to be valid, the duly completed and signed form of proxy must be received no later than 48 hours before the time of the EGM or any adjournment in accordance with the Articles of Association of the Company. A shareholder may appoint as his, her or its proxy a person other than those named in the enclosed form of proxy. For the avoidance of doubt, the proxy need not be a shareholder of the Company.

This Notice (including the proxy materials accompanying this Notice) is being sent to shareholders on or about May 22, 2026.

It is important that your shares are represented at the EGM. We urge you to review the attached proxy statement and, whether or not you plan to attend the EGM in person, please complete, sign, date, and return your proxy card to the address provided in the enclosed proxy card.

If you plan to attend the EGM in person, please notify us of your intentions. This will assist us with meeting preparations. If your shares are not registered in your own name and you would like to attend the EGM, please follow the instructions contained in the proxy materials that are being sent to you and any other information forwarded to you by your broker, trust, bank, nominee or other holder of record to obtain a valid proxy from it. This will enable you to gain admission to the EGM and vote in person.

---

| |
|:---|
| By Order of the Board of Directors, |
| Cango Inc. |
| /s/ Simon Tang |
| Simon Tang |
| Director and Chief Financial Officer |
| Hong Kong |
| May 22, 2026 |

---

**CANGO INC.**

**Extraordinary General Meeting of Shareholders**

**June 24, 2026**

**9:00 a.m** **. (Hong Kong time)**

------

**PROXY STATEMENT**

This proxy statement and the accompanying proxy are being furnished with respect to the solicitation of proxies by the Board of Directors of Cango Inc., an exempted company incorporated in the Cayman Islands (the "**Company**," "**we**," "**us**" or "**our**"), for the Extraordinary General Meeting of Shareholders (the "**EGM**"), which is to be held at 2605, 26/F, Harbour Centre, 25 Harbour Road, Wanchai, Hong Kong, at 9:00 a.m. (Hong Kong time) on June 24, 2026.

We are sending or making these proxy materials available to shareholders on or about May 22, 2026.

**GENERAL INFORMATION**

The Company received a notification letter from the New York Stock Exchange (the "**NYSE**") dated March 10, 2026 indicating that the Company was not in compliance with Section 802.01C of the NYSE Listed Company Manual because, as of March 9, 2026, the average closing price of the Company's Class A ordinary shares was less than US$1.00 per share over a consecutive 30 trading-day period. The Company has notified the NYSE of its intent to cure such deficiency within the applicable cure period, including through a share consolidation (also referred to as a reverse share split, the "**Share Consolidation**").

The Company proposes to consolidate the authorized share capital of the Company, comprising both issued and unissued Class A ordinary shares of a par value of US$0.0001 each (the "**Class A Ordinary Shares**") and Class B ordinary shares of a par value of US$0.0001 each (the "**Class B Ordinary Shares**", and together with the Class A Ordinary Shares, the "**Shares**"), at a share consolidation ratio within a range of no consolidation to a maximum consolidation ratio of 10:1 and at such effective time as the board of directors of the Company (the "**Board of Directors**") may determine and execute in its sole discretion, within 15 days of the EGM, with such consolidated Shares having the same rights and being subject to the same restrictions (save as to par value) as the existing Shares of such class as set out in the Fifth Amended and Restated Memorandum and Articles of Association (as defined below).

No fractional Shares shall be issued in connection with the Share Consolidation. In the event that a shareholder would otherwise be entitled to receive a fractional Share upon the Share Consolidation, the total number of Shares to be received by such shareholder shall be rounded down to the next whole Share and any fraction of a Share resulting from the Share Consolidation shall be cancelled and returned to the pool of authorized but unissued Shares in the capital of the Company without the payment of any consideration to the holder thereof.

Conditional upon the approval of the Share Consolidation at the EGM, the Company proposes to adopt, as a special resolution at the EGM, the fifth amended and restated memorandum and articles of association (the "**Fifth Amended and Restated Memorandum and Articles of Association**"), substantially in the form attached as Annex A to this proxy statement, in substitution for, and to the exclusion of, the Fourth Amended and Restated Memorandum and Articles of Association of the Company, to reflect the Share Consolidation upon its effectiveness.

On May 1, 2026, the Board of Directors, among other things, (i) approved the proposed Share Consolidation, (ii) approved the adoption of the Fifth Amended and Restated Memorandum and Articles of Association to reflect the Share Consolidation upon its effectiveness, (iii) resolved to convene the EGM to seek shareholder approval for the Share Consolidation and the adoption of the Fifth Amended and Restated Memorandum and Articles of Association, and (iv) resolved to recommend the approval of the Share Consolidation and the adoption of the Fifth Amended and Restated Memorandum and Articles of Association to the shareholders of the Company.

The EGM and any or all adjournments thereof will be held to consider and vote on the following proposals:

**Proposal No. 1:** **Approval of Share Consolidation**

TO BE RESOLVED AS AN ORDINARY RESOLUTION THAT the authorized share capital of the Company, comprising both issued and unissued Class A ordinary shares of a par value of US$0.0001 each (the "**Class A Ordinary Shares**") and Class B ordinary shares of a par value of US$0.0001 each (the "**Class B Ordinary Shares**", and together with the Class A Ordinary Shares, the "**Shares**"), be consolidated (the "**Share Consolidation**") at a share consolidation ratio within a range of no consolidation to a maximum consolidation ratio of 10:1 and at such effective time as the Board of Directors may determine and execute in its sole discretion, within 15 days of the EGM, with such consolidated Shares having the same rights and being subject to the same restrictions (save as to par value) as the existing Shares of such class as set out in the Fifth Amended and Restated Memorandum and Articles of Association (as defined below). No fractional Shares shall be issued in connection with the Share Consolidation; in the event that a shareholder would otherwise be entitled to receive a fractional Share upon the Share Consolidation, the total number of Shares to be received by such shareholder shall be rounded down to the next whole Share and any fraction of a Share resulting from the Share Consolidation shall be cancelled and returned to the pool of authorized but unissued Shares in the capital of the Company without the payment of any consideration to the holder thereof.

**Proposal No. 2: Approval of** **Adoption of the Fifth Amended and Restated Memorandum and Articles of Association of the Company**

TO BE RESOLVED AS A SPECIAL RESOLUTION THAT, subject to and immediately following the Share Consolidation being effected, the fifth amended and restated memorandum and articles of association of the Company (the "**Fifth Amended and Restated Memorandum and Articles of Association**"), substantially in the form attached as Annex A to this proxy statement, be adopted in substitution for and to the exclusion of the current amended and restated memorandum and articles of association of the Company in all respects, to reflect the Share Consolidation with effect from the effective date of the Share Consolidation.

**Proposal No. 3: Approval of** **Adjournment of the EGM**

TO BE RESOLVED AS AN ORDINARY RESOLUTION THAT the extraordinary general meeting be adjourned in order to allow the Company to solicit additional proxies in the event that there are insufficient proxies received at the time of the extraordinary general meeting to pass the resolutions to be proposed at the extraordinary general meeting.

**Who is entitled to vote at the EGM?**

Only shareholders who are the registered owners of the Class A Ordinary Shares and Class B Ordinary Shares at the close of business on May 8, 2026 (the "**Record Date**") are entitled to attend and vote at the EGM or at any adjournment thereof.

At the EGM:

&nbsp;&nbsp;&nbsp;&nbsp;· every shareholder holding Class A Ordinary Shares present in person
(or being a corporation, is present by a duly authorized representative) or by proxy shall have one (1) vote for every fully paid
Class A Ordinary Share of which such shareholder is the holder; and

&nbsp;&nbsp;&nbsp;&nbsp;· every shareholder holding Class B Ordinary Shares present in person
(or being a corporation, is present by a duly authorized representative) or by proxy shall have twenty (20) votes for every fully paid
Class B Ordinary Share of which such shareholder is the holder.

*Shareholder of Record*

If on the Record Date your shares were registered directly in your name with the Company, then you are a shareholder of record. As a shareholder of record, you may vote in person (or being a corporation, is present by a duly authorized representative) or by proxy at the EGM. Whether or not you plan to attend the EGM, to ensure your vote is counted, we encourage you to vote by filling out and returning the enclosed proxy card.

*Beneficial Owner*

If on the Record Date your shares were held in an account at a brokerage firm, bank or other nominee, then you are the beneficial owner of shares held in "street name" and these proxy materials are being forwarded to you by that organization. The organization holding your account is considered the shareholder of record for purposes of voting at the EGM. As the beneficial owner, you have the right to direct your broker, bank or nominee on how to vote the shares in your account. We strongly encourage you to vote.

**What constitutes a quorum and how will votes be counted?**

One or more shareholders entitled to vote and present in person, or by proxy, or (in the case of a shareholder being a corporation) by its duly authorized representative representing not less than one-third of all voting power of the Company's share capital in issue throughout the EGM shall form a quorum.

Shareholders entitled to vote at the EGM may do so either in person or by corporate representative or by proxy. Those shareholders who are unable to attend the EGM are requested to read, complete, sign, date, and return the attached proxy card in accordance with the instructions set out therein. A proxy need not be a shareholder of the Company.

In the event that there are not sufficient votes for a quorum, the EGM shall stand adjourned to the same day in the next week at the same time and place or to such time and place as the Board of Directors may determine.

The proposals/resolutions shall be put to the vote of the EGM and decided on a poll.

At the EGM:

&nbsp;&nbsp;&nbsp;&nbsp;· every shareholder holding Class A Ordinary Shares present in person
(or being a corporation, is present by a duly authorized representative) or by proxy shall have one (1) vote for every fully paid
Class A Ordinary Share of which such shareholder is the holder; and

&nbsp;&nbsp;&nbsp;&nbsp;· every shareholder holding Class B Ordinary Shares present in person
(or being a corporation, is present by a duly authorized representative) or by proxy shall have twenty (20) votes for every fully paid
Class B Ordinary Share of which such shareholder is the holder.

Abstentions and broker non-votes, while considered present for the purposes of establishing a quorum, will not count as a vote cast at the EGM.

**How many votes are required to approve the proposals?**

Assuming a quorum as referenced above is reached, Proposal No. 1 will be approved as an ordinary resolution under the laws of the Cayman Islands and the Articles of Association of the Company, which means a resolution passed by a simple majority of votes cast by such shareholders as, being entitled so to do, vote in person (or being a corporation, by a duly authorized representative) or by proxy at the EGM.

Proposal No. 2 will be approved as a special resolution under the laws of the Cayman Islands and the Articles of Association of the Company, which means a resolution passed by a majority of not less than two-thirds of votes cast by such shareholders as, being entitled so to do, vote in person (or being a corporation, by a duly authorized representative) or by proxy at the EGM.

Proposal No. 3 will be approved as an ordinary resolution under the laws of the Cayman Islands and the Articles of Association of the Company, which means a resolution passed by a simple majority of votes cast by such shareholders as, being entitled so to do, vote in person (or being a corporation, by a duly authorized representative) or by proxy at the EGM.

Abstentions and broker non-votes, while considered present for the purposes of establishing a quorum, will not count as a vote cast at the EGM.

**How do I vote?**

Your shares may only be voted at the EGM if you are entitled to vote and present in person or are represented by proxy. Whether or not you plan to attend the EGM, we encourage you to vote by proxy to ensure that your shares will be represented.

You may vote using any of the following methods:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *By Email*. You may vote by proxy by marking the enclosed proxy card, dating and signing it,
 and emailing it according to the email address provided on the enclosed proxy card.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *By Mail*. Shareholders of record as of
the Record Date may submit proxies by completing, signing and dating their proxy cards and mailing them to the address provided on the
enclosed proxy card. If you return your signed proxy but do not indicate your voting preferences, your shares will be voted on your behalf
"FOR" the proposals. Shareholders who hold shares beneficially in street name may provide voting instructions by mail by completing,
signing and dating the voting instruction forms provided by their brokers, banks or other nominees and mailing them to the address provided
on the voting instruction card.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;· *In person at the EGM.* Shares held in your
name as the shareholder of record may be voted in person at the EGM or at any postponement or adjournment of the EGM. Shares held beneficially
in street name may be voted in person only if you obtain a legal proxy from the broker, bank or nominee that holds your shares giving
you the right to vote the shares.  ***Even if you plan to attend the EGM, we recommend that you also submit your proxy or voting instructions by email or mail so that your vote will be counted if you later decide not to attend the EGM*** .

After carefully reading and considering the information contained in this proxy statement, please vote your shares as soon as possible so that your shares will be represented at the EGM. Please follow the instructions set forth on the proxy card or on the voting instruction form provided by the record holder if your shares are held in the name of your broker, bank or other nominee.

**Revoking Your Proxy**

Even if you execute a proxy, you retain the right to revoke it and to change your vote by notifying us at any time but no later than two hours before the commencement of the EGM. Such revocation may be effected by following the instructions for voting on your proxy card. Unless so revoked, the shares represented by proxies, if received in time, will be voted in accordance with the directions given therein. Mere attendance at the EGM will not revoke a proxy. However, if you are shareholder of record, delivery of a proxy would not preclude you from attending and voting in person at the EGM convened and in such event, the instrument appointing a proxy shall be deemed to be revoked.

If the EGM is postponed or adjourned for any reason, at any subsequent reconvening of the EGM, all proxies will be voted in the same manner as the proxies would have been voted at the original convening of the EGM (except for any proxies that have at that time effectively been revoked or withdrawn), even if the proxies had been effectively voted on the same or any other matter at a previous EGM that was postponed or adjourned.

**Proxy Solicitation Costs**

We will bear the entire cost of this solicitation of proxies, including the preparation, assembly, printing, and mailing of the proxy materials that we may provide to our shareholders. We may solicit proxies by mail, and the officers and employees of the Company, who will receive no extra compensation therefore, may solicit proxies personally or by telephone.

**PROPOSAL NO. 1**

**APPROVAL OF SHARE CONSOLIDATION**

The Board of Directors approved, and directed that there be submitted to the shareholders of the Company for approval, as an ordinary resolution, the proposal that the authorized share capital of the Company, comprising both issued and unissued Class A Ordinary Shares and Class B Ordinary Shares (collectively, the "**Shares**"), be consolidated (the "**Share Consolidation**") at a share consolidation ratio within a range of no consolidation to a maximum consolidation ratio of 10:1 and at such effective time as the Board of Directors may determine and execute in its sole discretion, within 15 days of the EGM, with such consolidated Shares having the same rights and being subject to the same restrictions (save as to par value) as the existing Shares of such class as set out in the Fifth Amended and Restated Memorandum and Articles of Association. No fractional Shares shall be issued in connection with the Share Consolidation; in the event that a shareholder would otherwise be entitled to receive a fractional Share upon the Share Consolidation, the total number of Shares to be received by such shareholder shall be rounded down to the next whole Share and any fraction of a Share resulting from the Share Consolidation shall be cancelled and returned to the pool of authorized but unissued Shares in the capital of the Company without the payment of any consideration to the holder thereof.

**RESOLUTION**

At the EGM, the full text of the ordinary resolution will be proposed as follows:

"RESOLVED AS AN ORDINARY RESOLUTION THAT:

(a) conditional upon the approval of the Board of Directors in its sole discretion, with effect as
of the date the Board of Directors may determine:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the authorized share capital of the Company, comprising both issued and unissued Class A ordinary shares of a par value of US$0.0001
each (the "**Class A Ordinary Shares**") and Class B ordinary shares of a par value of US$0.0001 each (the "**Class B Ordinary Shares** ", and together with the Class A Ordinary Shares, the "**Shares** "), be consolidated (the
" **Share Consolidation**") at a share consolidation ratio within a range of no consolidation to a maximum consolidation
ratio of 10:1 and at such effective time as the Board of Directors may determine and execute in its sole discretion, within 15 days of
the EGM, with such consolidated Shares having the same rights and being subject to the same restrictions (save as to par value) as the
existing Shares of such class as set out in the Fifth Amended and Restated Memorandum and Articles of Association (as defined below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) n o fractional Shares be issued in connection with the Share Consolidation; in the event that
a shareholder would otherwise be entitled to receive a fractional Share upon the Share Consolidation, the total number of Shares to be
received by such shareholder be rounded down to the next whole Share and any fraction of a Share resulting from the Share Consolidation
be cancelled and returned to the pool of authorized but unissued Shares in the capital of the Company without the payment of any consideration
to the holder thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) any change to the Company's authorized share capital in connection with, and as necessary to effect, the Share Consolidation,
and such amendment to be determined by the Board of Directors in its sole discretion, be and are hereby approved; and

(b) any one Director or officer of the Company be and is hereby authorized, for and on behalf of the Company, to do all such other acts
or things necessary or desirable to implement, carry out and give effect to the Share Consolidation, if and when deemed advisable by the
Board in its sole discretion."

Proposal No. 1 will be approved if a simple majority of votes duly cast in person, by authorized representative, or by proxy at the EGM vote "FOR" the proposal. Abstentions and broker non-votes will have no effect on the result of the vote.

**THE BOARD OF DIRECTORS RECOMMENDS**

**A VOTE *FOR***

**APPROVAL OF SHARE CONSOLIDATION.**

**PROPOSAL NO. 2**

**APPROVAL OF** **ADOPTION OF THE FIFTH AMENDED AND RESTATED MEMORANDUM**

**AND ARTICLES OF ASSOCIATION OF THE COMPANY**

The Board of Directors approved, and directed that there be submitted to the shareholders of the Company for approval, as a special resolution, the proposal that, subject to and immediately following the Share Consolidation being effected, the fifth amended and restated memorandum and articles of association of the Company (the "**Fifth Amended and Restated Memorandum and Articles of Association**"), substantially in the form attached as Annex A to this proxy statement, be adopted in substitution for and to the exclusion of the current amended and restated memorandum and articles of association of the Company in all respects, to reflect the Share Consolidation with effect from the effective date of the Share Consolidation.

**RESOLUTION**

At the EGM, the full text of the special resolution will be proposed as follows:

"RESOLVED AS A SPECIAL RESOLUTION THAT, subject to and immediately following the Share Consolidation being effected, the fifth amended and restated memorandum and articles of association of the Company (the "**Fifth Amended and Restated Memorandum and Articles of Association**"), substantially in the form attached as Annex A to the proxy statement, be adopted in substitution for and to the exclusion of the current amended and restated memorandum and articles of association of the Company in all respects, to reflect the Share Consolidation with effect from the effective date of the Share Consolidation."

Proposal No. 2 will be approved if a majority of not less than two-thirds of votes duly cast in person, by authorized representative, or by proxy at the EGM vote "FOR" the proposal. Abstentions and broker non-votes will have no effect on the result of the vote.

**THE BOARD OF DIRECTORS RECOMMENDS**

**A VOTE *FOR***

**APPROVAL OF** **ADOPTION OF THE FIFTH AMENDED AND RESTATED MEMORANDUM**

**AND ARTICLES OF ASSOCIATION OF THE COMPANY.**

**PROPOSAL NO. 3**

**APPROVAL OF** **ADJOURNMENT OF THE EGM**

The Board of Directors approved, and directed that there be submitted to the shareholders of the Company for approval, as an ordinary resolution, the proposal that the extraordinary general meeting be adjourned in order to allow the Company to solicit additional proxies in the event that there are insufficient proxies received at the time of the extraordinary general meeting to pass the resolutions to be proposed at the extraordinary general meeting.

**RESOLUTION**

At the EGM, the full text of the ordinary resolution will be proposed as follows:

"RESOLVED AS AN ORDINARY RESOLUTION THAT the extraordinary general meeting be adjourned in order to allow the Company to solicit additional proxies in the event that there are insufficient proxies received at the time of the extraordinary general meeting to pass the resolutions to be proposed at the extraordinary general meeting."

Proposal No. 3 will be approved if a simple majority of votes duly cast in person, by authorized representative, or by proxy at the EGM vote "FOR" the proposal. Abstentions and broker non-votes will have no effect on the result of the vote.

**THE BOARD OF DIRECTORS RECOMMENDS**

**A VOTE *FOR***

**APPROVAL OF** **ADJOURNMENT OF THE EGM.**

**OTHER MATTERS**

The Board of Directors is not aware of any other matters to be submitted to the EGM. If any other matters properly come before the EGM, it is the intention of the persons named in the enclosed form of proxy to vote the shares they represent as the Board of Directors may recommend.

**Where You Can Find More Information**

We file annual reports and other documents with the SEC under the Securities Exchange Act of 1934, as amended. Our 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.

---

| | |
|:---|:---|
| May 22, 2026 |  |
|  | By Order of the Board of Directors, |
|  | Cango Inc. |
|  | /s/ Simon Tang |
|  | Simon Tang |
|  | Director and Chief Financial Officer |

---

**Annex A**

**Fifth** **Amended and Restated Memorandum and Articles of Association**

THE COMPANIES ACT (REVISED)<br> EXEMPTED COMPANY LIMITED BY SHARES<br> FIFTH AMENDED AND RESTATED<br> MEMORANDUM OF ASSOCIATION<br> OF<br> CANGO INC.

(Adopted by way of a special resolution passed on [DATE] and effective on [DATE])

1. The name of the Company is Cango Inc.

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 as the Directors may from time to time decide.

3. Subject to the following provisions of this Memorandum, the objects for which the Company is established are unrestricted and shall
include, but without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to act and to perform all the functions of a holding company in all its branches and to coordinate the policy and administration of
any subsidiary company or companies wherever incorporated or carrying on business or of any group of companies of which the Company or
any subsidiary company is a member or which are in any manner controlled directly or indirectly by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to act as an investment company and for that purpose to subscribe, acquire, hold, dispose, sell, deal in or trade upon any terms,
whether conditionally or absolutely, shares, stock, debentures, debenture stock, annuities, notes, mortgages, bonds, obligations and securities,
foreign exchange, foreign currency deposits and commodities, issued or guaranteed by any company wherever incorporated, or by any government,
sovereign, ruler, commissioners, public body or authority, supreme, municipal, local or otherwise, by original subscription, tender, purchase,
exchange, underwriting, participation in syndicates or in any other manner and whether or not fully paid up, and to meet calls thereon.

4. Subject to the following provisions of this Memorandum, the Company shall have and be capable of exercising all the functions of a
natural person of full capacity irrespective of any question of corporate benefit, as provided by Section 27(2) of the Companies
Act (Revised).

5. Nothing in this Memorandum shall permit the Company to carry on a business for which a licence is required under the laws of the Cayman
Islands unless duly licensed.

6. The Company shall not trade in the Cayman Islands with any person, firm or corporation except in furtherance of the business of the
Company carried on outside the Cayman Islands; provided that nothing in this clause shall be construed as to prevent the Company effecting
and concluding contracts in the Cayman Islands, and exercising in the Cayman Islands all of its powers necessary for the carrying on of
its business outside the Cayman Islands.

7. The liability of each member is limited to the amount from time to time unpaid on such member's shares.

8. The share capital of the Company is US$100,000 divided into [\*] shares of a par value of US$[\*] each comprising (a) [\*] Class A
Ordinary Shares of a par value of US$[\*] each and (b) [\*] Class B Ordinary Shares of a par value of US$[\*] each, with the power
for the Company, insofar as is permitted by law, to redeem or purchase any of its shares and to increase or reduce the said share capital
subject to the provisions of the Companies Act (Revised) and the Articles of Association of the Company and to issue any part of its capital,
whether original, redeemed or increased, with or without any preference, priority or special privilege or subject to any postponement
of rights or to any conditions or restrictions; and so that, unless the conditions of issue shall otherwise expressly declare, every issue
of shares, whether declared to be preference or otherwise, shall be subject to the power hereinbefore contained.

9. The Company may exercise the power contained in the Companies Act (Revised) to deregister in the Cayman Islands and be registered
by way of continuation in another jurisdiction.

10. Capitalized terms that are not defined in this Memorandum bear the same meanings as those given in the Articles of Association of
the Company.

THE COMPANIES ACT (REVISED)<br> COMPANY LIMITED BY SHARES<br> FIFTH AMENDED AND RESTATED<br> ARTICLES OF ASSOCIATION<br> OF<br> CANGO INC.

(Adopted by way of a special resolution passed on [DATE] and effective on [DATE])

<u>INDEX</u>

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| | |
|:---|:---|
|  | **Page** |
| Table A | 1 |
| Interpretation | 1 |
| Share Capital | 7 |
| Alteration of Capital | 7 |
| Share Rights | 9 |
| Variation of Rights | 12 |
| Shares | 12 |
| Share Certificates | 14 |
| Lien | 15 |
| Calls On Shares | 16 |
| Forfeiture of Shares | 17 |
| Register of Members | 19 |
| Record Dates | 20 |
| Transfer of Shares | 20 |
| Transmission of Shares | 22 |
| Untraceable Members | 23 |
| General Meetings | 24 |
| Notice of General Meetings | 24 |
| Proceedings At General Meetings | 25 |
| No Action By Written Resolutions of Members | 26 |
| Voting | 26 |
| Proxies | 29 |

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i

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| | |
|:---|:---|
| Corporations Acting By Representatives | 30.0 |
| BOARD OF DIRECTORS | 31.0 |
| Disqualification of Directors | 32.0 |
| Executive Directors | 32.0 |
| Alternate Directors | 33.0 |
| Directors' Fees and Expenses | 34.0 |
| Directors' Interests | 35.0 |
| General Powers of the Directors | 37.0 |
| Borrowing Powers | 39.0 |
| Proceedings of the Directors | 40.0 |
| Committees | 42.0 |
| Officers | 43.0 |
| Register of Directors and Officers | 43.0 |
| Minutes | 44.0 |
| Seal | 44.0 |
| Authentication of Documents | 45.0 |
| Destruction of Documents | 45.0 |
| Dividends and Other Payments | 46.0 |
| Reserves | 51.0 |
| Capitalisation | 52.0 |
| Subscription Rights Reserve | 52.0 |
| Accounting Records | 55.0 |
| Audit | 56.0 |
| Notices | 57.0 |
| Signatures | 58.0 |
| Winding Up | 59.0 |
| Indemnity | 60.0 |
| Amendment to Memorandum and Articles of Association and Name of Company | 60.0 |
| Information | 60.0 |
| Financial Year | 61.0 |

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ii

<u>INTERPRETATION</u>

<u>Table A</u>

1. The regulations in Table A in the Schedule to the Companies Act (Revised) do not apply to the Company.

<u>Interpretation</u>

2. (1) these Articles, unless the context otherwise requires, the words standing in the first column of the following table shall
bear the meaning set opposite them respectively in the second column.

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| | |
|:---|:---|
| &nbsp;&nbsp; WORD | &nbsp;&nbsp; MEANING |
| &nbsp;&nbsp;"Affiliate" | &nbsp;&nbsp;with respect to any person an entity, means another person or entity that, directly or indirectly (including through one or more intermediaries), controls, or is controlled by, or is under common control with, the specified person or entity. The term "control" shall mean the ownership, directly or indirectly, of securities possessing more than fifty percent (50%) of the voting power of the corporation, or the partnership or other entity (other than, in the case of corporation, securities having such power only by reason of the happening of a contingency not within the reasonable control of such partnership, corporation, natural person or entity), or having the power to control the management or elect a majority of members to the board of directors or equivalent decision-making body of such corporation, partnership or other entity. With respect to a natural person, "Affiliate" shall mean such person's spouse, parents, children and siblings, whether by blood, marriage or adoption or anyone residing in such person's home. |
| &nbsp;&nbsp;"Audit Committee" | &nbsp;&nbsp;the audit committee of the Company formed by the Board pursuant to Article 121) hereof, or any successor audit committee. |
| &nbsp;&nbsp;"Auditor" | &nbsp;&nbsp;the independent auditor of the Company which shall be an internationally recognized firm of independent accountants. |
| &nbsp;&nbsp;"Articles" | &nbsp;&nbsp;these Articles in their present form or as supplemented or amended or substituted from time to time. |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;"Board" or "Directors" | &nbsp;&nbsp;the board of directors of the Company or the directors present at a meeting of directors of the Company at which a quorum is present. |
| &nbsp;&nbsp;"capital" | &nbsp;&nbsp;the share capital from time to time of the Company. |
| &nbsp;&nbsp;"Class A Ordinary Shares" | &nbsp;&nbsp;class A ordinary shares of par value US$[\*] each of the Company having the rights set out in these Articles. |
| &nbsp;&nbsp;"Class B Ordinary Shares" | &nbsp;&nbsp;class B ordinary shares of par value US$[\*] each of the Company having the rights set out in these Articles. |
| &nbsp;&nbsp;"clear days" | &nbsp;&nbsp;in relation to the period of a notice, that period excluding the day when the notice is given or deemed to be given and the day for which it is given or on which it is to take effect. |
| &nbsp;&nbsp;"clearing house" | &nbsp;&nbsp;a clearing house recognised by the laws of the jurisdiction in which the shares of the Company (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction. |
| &nbsp;&nbsp;"Company" | &nbsp;&nbsp;Cango Inc. |
| &nbsp;&nbsp;"competent regulatory authority" | &nbsp;&nbsp;a competent regulatory authority in the territory where the shares of the Company (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such territory. |
| &nbsp;&nbsp;"Conversion Date" | &nbsp;&nbsp;in respect of a Conversion Notice means the day on which that Conversion Notice is delivered. |
| &nbsp;&nbsp;"Conversion Notice" | &nbsp;&nbsp;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 9. |
| &nbsp;&nbsp;"Conversion Number" | &nbsp;&nbsp;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. |
| &nbsp;&nbsp;"Conversion Rate" | &nbsp;&nbsp;means, at any time, on a 1 : 1 basis. |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;"Conversion Right" | &nbsp;&nbsp;in respect of a Class B Ordinary Share means the right of its holder, 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. |
| &nbsp;&nbsp;"debenture" and "debenture holder" | &nbsp;&nbsp;include debenture stock and debenture stockholder respectively. |
| &nbsp;&nbsp;"Designated Stock Exchange" | &nbsp;&nbsp;New York Stock Exchange |
| &nbsp;&nbsp;"dollars" and "$" | &nbsp;&nbsp;dollars, the legal currency of the United States of America. |
| &nbsp;&nbsp;"Exchange Act" | &nbsp;&nbsp;the Securities Exchange Act of 1934, as amended. |
| &nbsp;&nbsp;"head office" | &nbsp;&nbsp;such office of the Company as the Directors may from time to time determine to be the principal office of the Company. |
| &nbsp;&nbsp;"Act" | &nbsp;&nbsp;The Companies Act (Revised) of the Cayman Islands. |
| &nbsp;&nbsp;"Member" | &nbsp;&nbsp;a duly registered holder from time to time of the shares in the capital of the Company. |
| &nbsp;&nbsp;"month" | &nbsp;&nbsp;a calendar month. |
| &nbsp;&nbsp;"Notice" | &nbsp;&nbsp;written notice unless otherwise specifically stated and as further defined in these Articles. |
| &nbsp;&nbsp;"Office" | &nbsp;&nbsp;the registered office of the Company for the time being. |
| &nbsp;&nbsp;"ordinary resolution" | &nbsp;&nbsp;a resolution shall be an ordinary resolution when it has been (a) passed by a simple majority of votes cast by such Members as, being entitled so to do, vote in person or, in the case of any Member being a corporation, by its duly authorised representative or, where proxies are allowed, by proxy at a general meeting of which not less than ten (10) clear days' Notice has been duly given; or (b) approved in writing by all of the Members entitled to vote at a general meeting of the Company in one or more instruments each signed by one or more of the Members and the effective date of the resolution so adopted shall be the date on which the instrument, or the last of such instruments if more than one, is executed; |

---

---

| | |
|:---|:---|
| &nbsp;&nbsp;"Ordinary Shares" | &nbsp;&nbsp;Class A Ordinary Shares and Class B Ordinary Shares collectively. |
| &nbsp;&nbsp;"paid up" | &nbsp;&nbsp;paid up or credited as paid up. |
| &nbsp;&nbsp;"Register" | &nbsp;&nbsp;the principal register and where applicable, any branch register of Members of the Company to be maintained at such place within or outside the Cayman Islands as the Board shall determine from time to time. |
| &nbsp;&nbsp;"Registration Office" | &nbsp;&nbsp;in respect of any class of share capital such place as the Board may from time to time determine to keep a branch register of Members in respect of that class of share capital and where (except in cases where the Board otherwise directs) the transfers or other documents of title for such class of share capital are to be lodged for registration and are to be registered. |
| &nbsp;&nbsp;"SEC" | &nbsp;&nbsp;the United States Securities and Exchange Commission. |
| &nbsp;&nbsp;"Seal" | &nbsp;&nbsp;common seal or any one or more duplicate seals of the Company (including a securities seal) for use in the Cayman Islands or in any place outside the Cayman Islands. |
| &nbsp;&nbsp;"Secretary" | &nbsp;&nbsp;any person, firm or corporation appointed by the Board to perform any of the duties of secretary of the Company and includes any assistant, deputy, temporary or acting secretary. |
| &nbsp;&nbsp;"special resolution" | &nbsp;&nbsp;a resolution shall be a special resolution when it has been (a) passed by a majority of not less than two-thirds of votes cast by such Members as, being entitled so to do, vote in person or, in the case of such Members as are corporations, by their respective duly authorised representative or, where proxies are allowed, by proxy at a general meeting of which not less than ten (10) clear days' Notice, specifying (without prejudice to the power contained in these Articles to amend the same) the intention to propose the resolution as a special resolution, has been duly given, *provided* that, except in the case of an annual general meeting, if it is so agreed by a majority in number of the Members having the right to attend and vote at any such meeting, being a majority together holding not less than ninety-five (95) per cent. in nominal value of the shares giving that right and in the case of an annual general meeting, if it is so agreed by all Members entitled to attend and vote thereat, a resolution may be proposed and passed as a special resolution at a meeting of which less than ten (10) clear days' Notice has been given; a special resolution shall be effective for any purpose for which an ordinary resolution is expressed to be required under any provision of these Articles or the Statutes. |

---

"Statutes" the Act and every other law of the Legislature of the Cayman Islands for the time being in force applying to or affecting the Company, its Memorandum of Association and/or these Articles. <br>"year" a calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) In these Articles, unless there be something within the subject or context inconsistent with such construction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) words importing the singular include the plural and vice versa;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words importing a gender include both gender and the neuter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words importing persons include companies, associations and bodies of persons whether corporate or not;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the words:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "may" shall be construed as permissive;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "shall" or "will" shall be construed as imperative;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) expressions referring to writing shall, unless the contrary intention appears, be construed as including printing, lithography, photography
and other modes of representing words or figures in a visible form, and including where the representation takes the form of electronic
display, *provided* that both the mode of service of the relevant document or notice and the Member's election comply with
all applicable Statutes, rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references to any law, ordinance, statute or statutory provision shall be interpreted as relating to any statutory modification or
re-enactment thereof for the time being in force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) save as aforesaid words and expressions defined in the Statutes shall bear the same meanings in these Articles if not inconsistent
with the subject in the context;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) references to a document being executed include references to it being executed under hand or under seal or by electronic signature
or by any other method and references to a notice or document include a notice or document recorded or stored in any digital, electronic,
electrical, magnetic or other retrievable form or medium and information in visible form whether having physical substance or not;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Section 8 of the Electronic Transactions Act (Revised) of the Cayman Islands, as amended from time to time, shall not apply to
these Articles to the extent it imposes obligations or requirements in addition to those set out in these Articles.

<u>Share Capital</u>

3. (1) The share capital of the Company at the date on which these Articles come into effect shall be US$100,000 divided into [\*]
shares of a par value of US$[\*] each comprising (a) [\*] Class A Ordinary Shares of a par value of US$[\*] each and (b) [\*]
Class B Ordinary Shares of a par value of US$[\*] each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subject to the Act, the Company's Memorandum and Articles of Association and, where applicable, the rules of the Designated Stock Exchange and/or any competent regulatory authority, any power of the Company to purchase or otherwise acquire its own shares shall be exercisable by the Board in such manner, upon such terms and subject to such conditions as it thinks fit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) No share shall be issued to bearer.

<u>Alteration of Capital</u>

4. (1) The Company may from time to time by ordinary resolution in accordance with the Act alter the conditions of its Memorandum
of Association to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase its capital by such sum, to be divided into shares of such amounts, as the resolution shall prescribe;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without prejudice to the powers of the Board under Article 12, divide its shares into several classes and without prejudice to
any special rights previously conferred on the holders of existing shares attach thereto respectively any preferential, deferred, qualified
or special rights, privileges, conditions or such restrictions which in the absence of any such determination by the Company in general
meeting, as the Board may determine *provided* always that, for the avoidance of doubt, where a class of shares has been authorized
by the Members no resolution of the Members in general meeting is required for the issuance of shares of that class and the Board may
issue shares of that class and determine such rights, privileges, conditions or restrictions attaching thereto as aforesaid, and further *provided* that where the Company issues shares which do not carry voting rights, the words "non-voting" shall appear
in the designation of such shares and where the equity capital includes shares with different voting rights, the designation of each class
of shares, other than those with the most favourable voting rights, must include the words "restricted voting" or "limited
voting";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) sub-divide its shares, or any of them, into shares of smaller amount than is fixed by the Memorandum of Association (subject, nevertheless,
to the Act), and may by such resolution determine that, as between the holders of the shares resulting from such sub-division, one or
more of the shares may have any such preferred, deferred or other rights or be subject to any such restrictions as compared with the other
or others as the Company has power to attach to unissued or new shares;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) No alteration may be made of the kind contemplated by Article 4(1), or otherwise, to the par value of the Class A Ordinary Shares or the Class B Ordinary Shares unless an identical alteration is made to the par value of the Class B Ordinary Shares or the Class A Ordinary Shares, as the case may be.

5. The Board may settle as it considers expedient any difficulty which arises in relation to any consolidation and division under Article 4
and in particular but without prejudice to the generality of the foregoing may issue certificates in respect of fractions of shares or
arrange for the sale of the shares representing fractions and the distribution of the net proceeds of sale (after deduction of the expenses
of such sale) in due proportion amongst the Members who would have been entitled to the fractions, and for this purpose the Board may
authorise some persons to transfer the shares representing fractions to their purchaser or resolve that such net proceeds be paid to the
Company for the Company's benefit. Such purchaser will not be bound to see to the application of the purchase money nor will his
title to the shares be affected by any irregularity or invalidity in the proceedings relating to the sale.

6. The Company may from time to time by special resolution, subject to any confirmation or consent required by the Act, reduce its share
capital or any capital redemption reserve in any manner permitted by the Act.

7. Except so far as otherwise provided by the conditions of issue, or by these Articles, any capital raised by the creation of new shares
shall be treated as if it formed part of the original capital of the Company, and such shares shall be subject to the provisions contained
in these Articles with reference to the payment of calls and instalments, transfer and transmission, forfeiture, lien, cancellation, surrender,
voting and otherwise.

<u>Share Rights</u>

8. (1) Subject to the provisions of the Act, the rules of the Designated Stock Exchange and the Memorandum and Articles of Association
and to any special rights conferred on the holders of any shares or class of shares, and without prejudice to Article 12 hereof,
any share in the Company (whether forming part of the present capital or not) may be issued with or have attached thereto such rights
or restrictions whether in regard to dividend, voting, return of capital or otherwise as the Board may determine, including without limitation
on terms that they may be, or at the option of the Company or the holder are, liable to be redeemed on such terms and in such manner,
including out of capital, as the Board may deem fit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subject to the Act and the rules of the Designated Stock Exchange, any preferred shares may be issued or converted into shares that, at a designated date or at the option of the Company or the holder if so authorised by its Memorandum of Association, are liable to be redeemed on such terms and in such manner as the Members before the issue or conversion may by ordinary resolution of the Members determine. Where the Company purchases for redemption a redeemable share, purchases not made through the market or by tender shall be limited to a maximum price as may from time to time be determined by the Board, either generally or with regard to specific purchases. If purchases are by tender, tenders shall comply with applicable laws and the rules of the Designated Stock Exchange.

9. Subject to Article 8(1), the Memorandum of Association and any resolution of the Members to the contrary and without prejudice
to any special rights conferred thereby on the holders of any other shares or class of shares, the share capital of the Company shall
be divided into shares of two classes, Class A Ordinary Shares and Class B Ordinary Shares immediately upon the effectiveness
of these Articles. Class A Ordinary Shares and Class B Ordinary Shares shall carry equal rights and rank pari passu with one
another other than as set out below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) *As regards conversion* 

&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. 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 one fully paid Class A Ordinary Share 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 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 to be converted shall automatically be re-designated and re-classified as
a Class A Ordinary Share 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 Class B Ordinary
Shares as the holder of the same 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 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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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) As regards Voting Rights

Holders of 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 one class on all matters submitted to a vote for Members' consent. 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, and each Class B Ordinary Share shall be entitled to twenty (20) votes on all matters subject to the vote at general meetings of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) As regards Transfer

Upon any sale, transfer, assignment or disposition of Class B Ordinary Shares by a holder thereof to any person or entity which is not an Affiliate of such holder, such Class B Ordinary Shares validly transferred to the new holder shall be automatically and immediately converted into an equal number of Class A Ordinary Shares.

For the avoidance of doubt, (i) a sale, transfer, assignment or disposition shall be effective upon the Company's registration of such sale, transfer, assignment or disposition in the Company's Register of Members; and (ii) the creation of any pledge, charge, encumbrance or other third party right of whatever description on any of Class B Ordinary Shares to secure a holder's contractual or legal obligations shall not be deemed as a sale, transfer, assignment or disposition unless and until any such pledge, charge, encumbrance or other third party right is enforced and results in the third party holding legal title to the related Class B Ordinary Shares, in which case all the related Class B Ordinary Shares shall be automatically converted into the same number of Class A Ordinary Shares upon the Company's registration of the third party or its designee as a Member holding that number of Class A Ordinary Shares in the Register of Members.

<u>Variation of Rights</u>

10. Subject to the Act and without prejudice to Article 8, all or any of the special rights for the time being attached to the shares
or any class of shares may, unless otherwise provided by the terms of issue of the shares of that class, from time to time (whether or
not the Company is being wound up) be varied, modified or abrogated with the sanction of a special resolution passed at a separate general
meeting of the holders of the shares of that class. To every such separate general meeting all the provisions of these Articles relating
to general meetings of the Company shall, *mutatis mutandis*, apply, but so that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) separate general meetings of the holders of a class or series of shares may be called only by (i) the Chairman of the Board,
or (ii) a majority of the Board (unless otherwise specifically provided by the terms of issue of the shares of such class or series).
Nothing in this Article 10 shall be deemed to give any Member or Members the right to call a class or series meeting;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the necessary quorum (whether at a separate general meeting or at its adjourned meeting) shall be a person or persons (or in the case
of a Member being a corporation, its duly authorized representative) together holding or representing by proxy not less than one-third
of the voting power of the issued shares of that class;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) every holder of shares of the class shall be entitled on a poll to one vote for every such share held by him; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any holder of shares of the class present in person or by proxy or authorised representative may demand a poll.

11. The special rights conferred upon the holders of any shares or class of shares shall not, unless otherwise expressly provided in the
rights attaching to or the terms of issue of such shares, be deemed to be varied, modified or abrogated by the creation or issue of further
shares ranking *pari passu* therewith.

<u>Shares</u>

12. (1) Subject to the Act, these Articles and, where applicable, the rules of the Designated Stock Exchange and without prejudice
to any special rights or restrictions for the time being attached to any shares or any class of shares, the unissued shares of the Company
(whether forming part of the original or any increased capital) shall be at the disposal of the Board, which may offer, allot, grant options
over or otherwise dispose of them to such persons, at such times and for such consideration and upon such terms and conditions as the
Board may in its absolute discretion determine but so that no shares shall be issued at a discount to par value. In particular and without
prejudice to the generality of the foregoing, the Board is hereby empowered to authorize by resolution or resolutions from time to time
the issuance of one or more classes or series of preferred shares and to fix the designations, powers, preferences and relative, participating,
optional and other rights, if any, and the qualifications, limitations and restrictions thereof, if any, including, without limitation,
the number of shares constituting each such class or series, dividend rights, conversion rights, redemption privileges, voting powers,
full or limited or no voting powers, and liquidation preferences, and to increase or decrease the size of any such class or series (but
not below the number of shares of any class or series of preferred shares then outstanding) to the extent permitted by the Act. Without
limiting the generality of the foregoing, the resolution or resolutions providing for the establishment of any class or series of preferred
shares may, to the extent permitted by the Act, provide that such class or series shall be superior to, rank equally with or be junior
to the preferred shares of any other class or series.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Neither the Company nor the Board shall be obliged, when making or granting any allotment of, offer of, option over or disposal of shares, to make, or make available, any such allotment, offer, option or shares to Members or others with registered addresses in any particular territory or territories being a territory or territories where, in the absence of a registration statement or other special formalities, this would or might, in the opinion of the Board, be unlawful or impracticable. Members affected as a result of the foregoing sentence shall not be, or be deemed to be, a separate class of members for any purpose whatsoever. Except as otherwise expressly provided in the resolution or resolutions providing for the establishment of any class or series of preferred shares, no vote of the holders of preferred shares or ordinary shares shall be a prerequisite to the issuance of any shares of any class or series of the preferred shares authorized by and complying with the conditions of the Memorandum and Articles of Association.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Board may issue 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 securities in the capital of the Company on such terms as it may from time to time determine.

13. The Company may in connection with the issue of any shares exercise all powers of paying commission and brokerage conferred or permitted
by the Act. Subject to the Act, the commission may be satisfied by the payment of cash or by the allotment of fully or partly paid shares
or partly in one and partly in the other.

14. Except as required by the Act, no person shall be recognised by the Company as holding any share upon any trust and the Company shall
not be bound by or required in any way to recognise (even when having notice thereof) any equitable, contingent, future or partial interest
in any share or any fractional part of a share or (except only as otherwise provided by these Articles or by the Act) any other rights
in respect of any share except an absolute right to the entirety thereof in the registered holder.

15. Subject to the Act and these Articles, the Board may at any time after the allotment of shares but before any person has been entered
in the Register as the Member, recognise a renunciation thereof by the allottee in favour of some other person and may accord to any allottee
of a share a right to effect such renunciation upon and subject to such terms and conditions as the Board considers fit to impose.

<u>Share Certificates</u>

16. A share certificate may be issued under the Seal or a facsimile thereof and shall specify the number and class and distinguishing
numbers (if any) of the shares to which it relates, and the amount paid up thereon and may otherwise be in such form as the Board may
from time to time determine. No certificate shall be issued representing shares of more than one class. The Board may by resolution determine,
either generally or in any particular case or cases, that any signatures on any such certificates (or certificates in respect of other
securities) need not be autographic but may be affixed to such certificates by some mechanical means or may be printed thereon.

17. (1) In the case of a share held jointly by several persons, the Company shall not be bound to issue more than one certificate therefor
and delivery of a certificate to one of several joint holders shall be sufficient delivery to all such holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Where a share stands in the names of two or more persons, the person first named in the Register shall as regards service of notices and, subject to the provisions of these Articles, all or any other matters connected with the Company, except the transfer of the shares, be deemed the sole holder thereof.

18. Every person whose name is entered, upon an allotment of shares, as a Member in the Register shall be entitled, without payment, to
receive one certificate for all such shares of any one class or several certificates each for one or more of such shares of such class
upon payment for every certificate after the payment of such reasonable out-of-pocket expenses as the Board from time to time determines,
provided however, the Company is not obligated to issue a share certificate to a Members unless the Member requests it from the Company..

19. Upon request by a Member, a share certificates shall be issued within the relevant time limit as prescribed by the Act or as the Designated
Stock Exchange may from time to time determine, whichever is the shorter, after allotment or, except in the case of a transfer which the
Company is for the time being entitled to refuse to register and does not register, after lodgment of a transfer with the Company.

20. (1) Upon every transfer of shares the certificate held by the transferor shall be given up to be cancelled, and shall forthwith
be cancelled accordingly, and a new certificate may be issued to the transferee in respect of the shares transferred to him at such fee
as is provided in paragraph (2) of this Article 20. If any of the shares included in the certificate so given up shall be retained
by the transferor a new certificate for the balance may be issued to him at the aforesaid fee payable by the transferor to the Company
in respect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The fee referred to in paragraph (1) above shall be an amount not exceeding the relevant maximum amount as the Designated Stock Exchange may from time to time determine *provided* that the Board may at any time determine a lower amount for such fee.

21. If a share certificate shall be damaged or defaced or alleged to have been lost, stolen or destroyed a new certificate representing
the same shares may be issued to the relevant Member upon request and on payment of such fee as the Board may determine and, subject to
compliance with such terms (if any) as to evidence and indemnity and to payment of the costs and reasonable out-of-pocket expenses of
the Company in investigating such evidence and preparing such indemnity as the Board may think fit and, in case of damage or defacement,
on delivery of the old certificate to the Company *provided* always that where share warrants have been issued, no new share warrant
shall be issued to replace one that has been lost unless the Board has determined that the original has been destroyed.

<u>Lien</u>

22. The Company shall have a first and paramount lien on every share that is not a fully paid share, for all moneys (whether presently
payable or not) called or payable at a fixed time in respect of that share. The Company shall also have a first and paramount lien on
every share that is not a fully paid share registered in the name of a Member (whether or not jointly with other Members) for all amounts
of money presently payable by such Member or his estate to the Company whether the same shall have been incurred before or after notice
to the Company of any equitable or other interest of any person other than such member, and whether the payment or discharge of the same
shall have actually become due or not, and notwithstanding that the same are joint debts or liabilities of such Member or his estate and
any other person, whether a Member of the Company or not. The Company's lien on a share shall extend to all dividends or other moneys
payable thereon or in respect thereof. The Board may at any time, generally or in any particular case, waive any lien that has arisen
or declare any share exempt in whole or in part, from the provisions of this Article 22.

23. Subject to these Articles, the Company may sell in such manner as the Board determines any share on which the Company has a lien,
but no sale shall be made unless some sum in respect of which the lien exists is presently payable, or the liability or engagement in
respect of which such lien exists is liable to be presently fulfilled or discharged nor until the expiration of fourteen (14) clear days
after a Notice, stating and demanding payment of the sum presently payable, or specifying the liability or engagement and demanding fulfilment
or discharge thereof and giving notice of the intention to sell in default, has been served on the registered holder for the time being
of the share or the person entitled thereto by reason of his death or bankruptcy.

24. The net proceeds of the sale shall be received by the Company and applied in or towards payment or discharge of the debt or liability
in respect of which the lien exists, so far as the same is presently payable, and any residue shall, subject to a like lien for debts
or liabilities not presently payable as existed upon the share prior to the sale, be paid to the person entitled to the share at the time
of the sale. To give effect to any such sale the Board may authorise some person to transfer the shares sold to the purchaser thereof.
The purchaser shall be registered as the holder of the shares so transferred and he shall not be bound to see to the application of the
purchase money, nor shall his title to the shares be affected by any irregularity or invalidity in the proceedings relating to the sale.

<u>Calls On Shares</u>

25. Subject to these Articles and to the terms of allotment, the Board may from time to time make calls upon the Members in respect of
any moneys unpaid on their shares (whether on account of the nominal value of the shares or by way of premium), and each Member shall
(subject to being given at least fourteen (14) clear days' Notice specifying the time and place of payment) pay to the Company as
required by such notice the amount called on his shares. A call may be extended, postponed or revoked in whole or in part as the Board
determines but no Member shall be entitled to any such extension, postponement or revocation except as a matter of grace and favour.

26. A call shall be deemed to have been made at the time when the resolution of the Board authorising the call was passed and may be made
payable either in one lump sum or by instalments.

27. A person upon whom a call is made shall remain liable for calls made upon him notwithstanding the subsequent transfer of the shares
in respect of which the call was made. The joint holders of a share shall be jointly and severally liable to pay all calls and instalments
due in respect thereof or other moneys due in respect thereof.

28. If a sum called in respect of a share is not paid before or on the day appointed for payment thereof, the person from whom the sum
is due shall pay interest on the amount unpaid from the day appointed for payment thereof to the time of actual payment at such rate (not
exceeding twenty per cent. (20%) per annum) as the Board may determine, but the Board may in its absolute discretion waive payment of
such interest in whole or in part.

29. No Member shall be entitled to receive any dividend or bonus or to be present and vote (save as proxy for another Member) at any general
meeting either personally or by proxy, or be reckoned in a quorum, or exercise any other privilege as a Member until all calls or instalments
due by him to the Company, whether alone or jointly with any other person, together with interest and expenses (if any) shall have been
paid.

30. On the trial or hearing of any action or other proceedings for the recovery of any money due for any call, it shall be sufficient
to prove that the name of the Member sued is entered in the Register as the holder, or one of the holders, of the shares in respect of
which such debt accrued, that the resolution making the call is duly recorded in the minute book, and that notice of such call was duly
given to the Member sued, in pursuance of these Articles; and it shall not be necessary to prove the appointment of the Directors who
made such call, nor any other matters whatsoever, but the proof of the matters aforesaid shall be conclusive evidence of the debt.

31. Any amount payable in respect of a share upon allotment or at any fixed date, whether in respect of nominal value or premium or as
an instalment of a call, shall be deemed to be a call duly made and payable on the date fixed for payment and if it is not paid the provisions
of these Articles shall apply as if that amount had become due and payable by virtue of a call duly made and notified.

32. On the issue of shares the Board may differentiate between the allottees or holders as to the amount of calls to be paid and the times
of payment.

33. The Board may, if it thinks fit, receive from any Member willing to advance the same, and either in money or money's worth,
all or any part of the moneys uncalled and unpaid or instalments payable upon any shares held by him and upon all or any of the moneys
so advanced (until the same would, but for such advance, become presently payable) pay interest at such rate (if any) as the Board may
decide. The Board may at any time repay the amount so advanced upon giving to such Member not less than one month's Notice of its
intention in that behalf, unless before the expiration of such notice the amount so advanced shall have been called up on the shares in
respect of which it was advanced. Such payment in advance shall not entitle the holder of such share or shares to participate in respect
thereof in a dividend subsequently declared.

<u>Forfeiture of Shares</u>

34. (1) If a call remains unpaid after it has become due and payable the Board may give to the person from whom it is due not less
than fourteen (14) clear days' Notice:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) requiring payment of the amount unpaid together with any interest which may have accrued and which may still accrue up to the date
of actual payment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) stating that if the Notice is not complied with the shares on which the call was made will be liable to be forfeited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the requirements of any such notice are not complied with, any share in respect of which such notice has been given may at any time thereafter, before payment of all calls and interest due in respect thereof has been made, be forfeited by a resolution of the Board to that effect, and such forfeiture shall include all dividends and bonuses declared in respect of the forfeited share but not actually paid before the forfeiture.

35. When any share has been forfeited, notice of the forfeiture shall be served upon the person who was before forfeiture the holder of
the share. No forfeiture shall be invalidated by any omission or neglect to give such notice.

36. The Board may accept the surrender of any share liable to be forfeited hereunder and, in such case, references in these Articles to
forfeiture will include surrender.

37. Any share so forfeited shall be deemed the property of the Company and may be sold, re-allotted or otherwise disposed of to such person,
upon such terms and in such manner as the Board determines, and at any time before a sale, re-allotment or disposition the forfeiture
may be annulled by the Board on such terms as the Board determines.

38. A person whose shares have been forfeited shall cease to be a Member in respect of the forfeited shares but nevertheless shall remain
liable to pay the Company all moneys which at the date of forfeiture were presently payable by him to the Company in respect of the shares,
with, if the Board shall in its discretion so requires, interest thereon from the date of forfeiture until payment at such rate (not exceeding
twenty per cent. (20%) per annum) as the Board determines. The Board may enforce payment thereof if it thinks fit, and without any deduction
or allowance for the value of the forfeited shares, at the date of forfeiture, but his liability shall cease if and when the Company shall
have received payment in full of all such moneys in respect of the shares. For the purposes of this Article 38 any sum which, by
the terms of issue of a share, is payable thereon at a fixed time which is subsequent to the date of forfeiture, whether on account of
the nominal value of the share or by way of premium, shall notwithstanding that time has not yet arrived be deemed to be payable at the
date of forfeiture, and the same shall become due and payable immediately upon the forfeiture, but interest thereon shall only be payable
in respect of any period between the said fixed time and the date of actual payment.

39. A declaration by a Director or the Secretary that a share has been forfeited on a specified date shall be conclusive evidence of the
facts therein stated as against all persons claiming to be entitled to the share, and such declaration shall (subject to the execution
of an instrument of transfer by the Company if necessary) constitute a good title to the share, and the person to whom the share is disposed
of shall be registered as the holder of the share and shall not be bound to see to the application of the consideration (if any), nor
shall his title to the share be affected by any irregularity in or invalidity of the proceedings in reference to the forfeiture, sale
or disposal of the share. When any share shall have been forfeited, notice of the declaration shall be given to the Member in whose name
it stood immediately prior to the forfeiture, and an entry of the forfeiture, with the date thereof, shall forthwith be made in the Register,
but no forfeiture shall be in any manner invalidated by any omission or neglect to give such notice or make any such entry.

40. Notwithstanding any such forfeiture as aforesaid the Board may at any time, before any shares so forfeited shall have been sold, re-allotted
or otherwise disposed of, permit the shares forfeited to be bought back upon the terms of payment of all calls and interest due upon and
expenses incurred in respect of the share, and upon such further terms (if any) as it thinks fit.

41. The forfeiture of a share shall not prejudice the right of the Company to any call already made or instalment payable thereon.

42. The provisions of these Articles as to forfeiture shall apply in the case of non-payment of any sum which, by the terms of issue of
a share, becomes payable at a fixed time, whether on account of the nominal value of the share or by way of premium, as if the same had
been payable by virtue of a call duly made and notified.

<u>Register of Members</u>

43. (1) The Company shall keep in one or more books a Register of its Members and shall enter therein the following particulars, that
is to say:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the name and address of each Member, the number and class of shares held by him and the amount paid or agreed to be considered as
paid on such shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the date on which each person was entered in the Register; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the date on which any person ceased to be a Member.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Company may keep an overseas or local or other branch register of Members resident in any place, and the Board may make and vary such regulations as it determines in respect of the keeping of any such register and maintaining a Registration Office in connection therewith.

44. The Register and branch register of Members, as the case may be, shall be open to inspection for such times and on such days as the
Board shall determine by Members without charge or by any other person, upon a maximum payment of $2.50 or such other sum specified by
the Board, at the Office or Registration Office or such other place at which the Register is kept in accordance with the Act. The Register
including any overseas or local or other branch register of Members may, after compliance with any notice requirement of the Designated
Stock Exchange, be closed at such times or for such periods not exceeding in the whole thirty (30) days in each year as the Board may
determine and either generally or in respect of any class of shares.

<u>Record Dates</u>

45. For the purpose of determining the Members entitled to notice of or to vote at any general meeting, or any adjournment thereof, or
entitled to receive payment of any dividend or other distribution or allotment of any rights, or entitled to exercise any rights in respect
of any change, conversion or exchange of shares or for the purpose of any other lawful action, the Board may fix, in advance, a date as
the record date for any such determination of the Members, which date shall not be more than sixty (60) days nor less than ten (10) days
before the date of such meeting, nor more than sixty (60) days prior to any other such action.

If the Board does not fix a record date for any general meeting, the record date for determining the Members entitled to a notice of or to vote at such meeting shall be at the close of business on the day next preceding the day on which notice is given, or, if in accordance with these Articles notice is waived, at the close of business on the day next preceding the day on which the meeting is held. The record date for determining the Members for any other purpose shall be at the close of business on the day on which the Board adopts the resolution relating thereto.

A determination of the Members of record entitled to notice of or to vote at a meeting of the Members shall apply to any adjournment of the meeting; *provided*, *however*, that the Board may fix a new record date for the adjourned meeting.

<u>Transfer of Shares</u>

46. Subject to these Articles, including, without limitation, in the case of Class B Ordinary Shares, any Member may transfer all
or any of his shares by an instrument of transfer in the usual or common form or in a form prescribed by the Designated Stock Exchange
or in any other form approved by the Board and may be under hand or, if the transferor or transferee is a clearing house or a central
depository house or its nominee(s), by hand or by machine imprinted signature or by such other manner of execution as the Board may approve
from time to time.

47. The instrument of transfer shall be executed by or on behalf of the transferor and the transferee *provided* that the Board may
dispense with the execution of the instrument of transfer by the transferee in any case which it thinks fit in its discretion to do so.
Without prejudice to Article 46, the Board may also resolve, either generally or in any particular case, upon request by either the
transferor or transferee, to accept mechanically executed transfers. The transferor shall be deemed to remain the holder of the share
until the name of the transferee is entered in the Register in respect thereof. Nothing in these Articles shall preclude the Board from
recognising a renunciation of the allotment or provisional allotment of any share by the allottee in favour of some other person.

48. (1) The Board may, in its absolute discretion, and without giving any reason therefor, refuse to register a transfer of any share
that is not a fully paid up share to a person of whom it does not approve, or any share issued under any share incentive scheme for employees
upon which a restriction on transfer imposed thereby still subsists, and it may also, without prejudice to the foregoing generality, refuse
to register a transfer of any share to more than four joint holders or a transfer of any share that is not a fully paid up share on which
the Company has a lien.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Board in so far as permitted by any applicable law may, in its absolute discretion, at any time and from time to time transfer any share upon the Register to any branch register or any share on any branch register to the Register or any other branch register. In the event of any such transfer, the Member requesting such transfer shall bear the cost of effecting the transfer unless the Board otherwise determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Unless the Board otherwise agrees (which agreement may be on such terms and subject to such conditions as the Board in its absolute discretion may from time to time determine, and which agreement the Board shall, without giving any reason therefor, be entitled in its absolute discretion to give or withhold), no shares upon the Register shall be transferred to any branch register nor shall shares on any branch register be transferred to the Register or any other branch register and all transfers and other documents of title shall be lodged for registration, and registered, in the case of any shares on a branch register, at the relevant Registration Office, and, in the case of any shares on the Register, at the Office or such other place at which the Register is kept in accordance with the Act.

49. Without limiting the generality of Article 48, the Board may decline to recognise any instrument of transfer unless:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a fee of such maximum sum as the Designated Stock Exchange may determine to be payable or such lesser sum as the Board may from time
to time require is paid to the Company in respect thereof;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the instrument of transfer is lodged at the Office or such other place at which the Register is kept in accordance with the Act or
the Registration Office (as the case may be) accompanied by the relevant share certificate(s) and such other evidence as the Board
may reasonably require to show the right of the transferor to make the transfer (and, if the instrument of transfer is executed by some
other person on his behalf, the authority of that person so to do); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if applicable, the instrument of transfer is duly and properly stamped.

50. If the Board refuses to register a transfer of any share, it shall, within three months after the date on which the transfer was lodged
with the Company, send to each of the transferor and transferee notice of the refusal.

51. The registration of transfers of shares or of any class of shares may, after compliance with any notice requirement of the Designated
Stock Exchange, be suspended at such times and for such periods (not exceeding in the whole thirty (30) days in any year) as the Board
may determine.

<u>Transmission of Shares</u>

52. If a Member dies, the survivor or survivors where the deceased was a joint holder, and his legal personal representatives where he
was a sole or only surviving holder, will be the only persons recognised by the Company as having any title to his interest in the shares;
but nothing in this Article will release the estate of a deceased Member (whether sole or joint) from any liability in respect of
any share which had been solely or jointly held by him.

53. Any person becoming entitled to a share in consequence of the death or bankruptcy or winding-up of a Member may, upon such evidence
as to his title being produced as may be required by the Board, elect either to become the holder of the share or to have some person
nominated by him registered as the transferee thereof. If he elects to become the holder he shall notify the Company in writing either
at the Registration Office or the Office, as the case may be, to that effect. If he elects to have another person registered he shall
execute a transfer of the share in favour of that person. The provisions of these Articles relating to the transfer and registration of
transfers of shares shall apply to such notice or transfer as aforesaid as if the death or bankruptcy of the Member had not occurred and
the notice or transfer were a transfer signed by such Member.

54. A person becoming entitled to a share by reason of the death or bankruptcy or winding-up of a Member shall be entitled to the same
dividends and other advantages to which he would be entitled if he were the registered holder of the share. However, the Board may, if
it thinks fit, withhold the payment of any dividend payable or other advantages in respect of such share until such person shall become
the registered holder of the share or shall have effectually transferred such share, but, subject to the requirements of Article 75(2) being
met, such a person may vote at meetings.

<u>Untraceable Members</u>

55. (1) Without prejudice to the rights of the Company under paragraph (2) of this Article 55, the Company may cease sending
cheques for dividend entitlements or dividend warrants by post if such cheques or warrants have been left uncashed on two consecutive
occasions. However, the Company may exercise the power to cease sending cheques for dividend entitlements or dividend warrants after the
first occasion on which such a cheque or warrant is returned undelivered.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Company shall have the power to sell, in such manner as the Board thinks fit, any shares of a Member who is untraceable, but no such sale shall be made unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all cheques or warrants in respect of dividends of the shares in question, being not less than three in total number, for any sum
payable in cash to the holder of such shares sent during the relevant period in the manner authorised by these Articles have remained
uncashed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) so far as it is aware at the end of the relevant period, the Company has not at any time during the relevant period received any indication
of the existence of the Member who is the holder of such shares or of a person entitled to such shares by death, bankruptcy or operation
of law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the Company, if so required by the rules governing the listing of shares on the Designated Stock Exchange, has given notice to,
and caused advertisement in newspapers to be made in accordance with the requirements of the Designated Stock Exchange of its intention
to sell such shares in the manner required by the Designated Stock Exchange, and a period of three months or such shorter period as may
be allowed by the Designated Stock Exchange has elapsed since the date of such advertisement.

For the purpose of the foregoing, the "relevant period" means the period commencing twelve (12) years before the date of publication of the advertisement referred to in paragraph (c) of this Article and ending at the expiry of the period referred to in that paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To give effect to any such sale the Board may authorise some person to transfer the said shares and an instrument of transfer signed or otherwise executed by or on behalf of such person shall be as effective as if it had been executed by the registered holder or the person entitled by transmission to such shares, and the purchaser shall not be bound to see to the application of the purchase money nor shall his title to the shares be affected by any irregularity or invalidity in the proceedings relating to the sale. The net proceeds of the sale will belong to the Company and upon receipt by the Company of such net proceeds it shall become indebted to the former Member for an amount equal to such net proceeds. No trust shall be created in respect of such debt and no interest shall be payable in respect of it and the Company shall not be required to account for any money earned from the net proceeds which may be employed in the business of the Company or as it thinks fit. Any sale under this Article 55 shall be valid and effective notwithstanding that the Member holding the shares sold is dead, bankrupt or otherwise under any legal disability or incapacity.

<u>General Meetings</u>

56. The Company may hold an annual general meeting and shall specify the meeting as such in the notices calling it. An annual general
meeting of the Company shall be held at such time and place as may be determined by the Board.

57. Each general meeting, other than an annual general meeting, shall be called an extraordinary general meeting. General meetings may
be held at such times and in any location in the world as may be determined by the Board.

58. A majority of the Board or the Chairman of the Board may call general meetings, which general meetings shall be held at such times
and locations (as permitted hereby) as such person or persons shall determine.

<u>Notice of General Meetings</u>

59. (1) An annual general meeting and any extraordinary general meeting may be called by not less than ten (10) clear days'
Notice but a general meeting may be called by shorter notice, subject to the Act, if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in the case of a meeting called as an annual general meeting, by all the Members entitled to attend and vote thereat; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of any other meeting, by a majority in number of the Members having the right to attend and vote at the meeting, being
a majority together holding not less than ninety-five per cent. (95%) in nominal value of the issued shares giving that right.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The notice shall specify the time and place of the meeting and the general nature of the business. The notice convening an annual general meeting shall specify the meeting as such. Notice of every general meeting shall be given to all Members other than to such Members as, under the provisions of these Articles or the terms of issue of the shares they hold, are not entitled to receive such notices from the Company, to all persons entitled to a share in consequence of the death or bankruptcy or winding-up of a Member and to each of the Directors.

60. The accidental omission to give Notice of a meeting or (in cases where instruments of proxy are sent out with the notice) to send
such instrument of proxy to, or the non-receipt of such notice or such instrument of proxy by, any person entitled to receive such notice
shall not invalidate any resolution passed or the proceedings at that meeting.

<u>Proceedings At General Meetings</u>

61. No business other than the appointment of a chairman of a meeting shall be transacted at any general meeting unless a quorum is present
at the commencement of the business. At any general meeting of the Company, one or more Members entitled to vote and present in person
or by proxy or (in the case of a Member being a corporation) by its duly authorised representative representing not less than one-third
of all voting power of the Company's share capital in issue throughout the meeting shall form a quorum for all purposes.

62. If within thirty (30) minutes (or such longer time not exceeding one hour as the chairman of the meeting may determine to wait) after
the time appointed for the meeting a quorum is not present, the meeting shall stand adjourned to the same day in the next week at the
same time and place or to such time and place as the Board may determine. If at such adjourned meeting a quorum is not present within
half an hour from the time appointed for holding the meeting, the meeting shall be dissolved.

63. The Chairman of the Board shall preside as chairman at every general meeting. If at any meeting the chairman is not present within
fifteen (15) minutes after the time appointed for holding the meeting, or is not willing to act as chairman, the Directors present shall
choose one of their number to act, or if one Director only is present he shall preside as chairman if willing to act. If no Director is
present, or if each of the Directors present declines to take the chair, or if the chairman chosen shall retire from the chair, the Members
present in person or by proxy and entitled to vote shall elect one of their members to be chairman.

64. The chairman may adjourn the meeting from time to time and from place to place, but no business shall be transacted at any adjourned
meeting other than the business which might lawfully have been transacted at the meeting had the adjournment not taken place. When a meeting
is adjourned for fourteen (14) days or more, at least seven (7) clear days' notice of the adjourned meeting shall be given
specifying the time and place of the adjourned meeting but it shall not be necessary to specify in such notice the nature of the business
to be transacted at the adjourned meeting and the general nature of the business to be transacted. Save as aforesaid, it shall be unnecessary
to give notice of an adjournment.

65. If an amendment is proposed to any resolution under consideration but is in good faith ruled out of order by the chairman of the meeting,
the proceedings on the substantive resolution shall not be invalidated by any error in such ruling. In the case of a resolution duly proposed
as a special resolution, no amendment thereto (other than a mere clerical amendment to correct a patent error) may in any event be considered
or voted upon.

<u>No Action By Written Resolutions of Members</u>

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| | |
|:---|:---|
| 65A. | Any action required or permitted to be taken at any annual or extraordinary general meetings of the Company may be taken only upon the vote of the Members at an annual or extraordinary general meeting duly noticed and convened in accordance with these Articles and the Act and may not be taken by written resolution of Members without a meeting. |

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<u>Voting</u>

66. (1) Holders of Ordinary Shares have the right to receive notice of, attend, speak and vote at general meetings of the Company.
Except as required by applicable law and subject to these Articles, holders of Class A Ordinary Shares and Class B Ordinary
Shares shall at all times vote together as one class on all matters submitted to a vote of the Shareholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subject to any special rights or restrictions as to voting for the time being attached to any shares by or in accordance with these Articles, at any general meeting on a show of hands:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) every Member holding Class A Ordinary Shares present in person (or being a corporation, is present by a duly authorised representative),
or by proxy shall have one (1) vote for every fully paid Class A Ordinary Share of which he is the holder and on a poll every
Member present in person or by proxy or, in the case of a Member being a corporation, by its duly authorised representative shall have
one (1) vote for every fully paid Class A Ordinary Share of which he is the holder; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) every Member holding Class B Ordinary Shares present in person (or being a corporation, is present by a duly authorised representative),
or by proxy shall have twenty (20) votes for every fully paid Class B Ordinary Share of which he is the holder and on a poll every
Member present in person or by proxy or, in the case of a Member being a corporation, by its duly authorised representative shall have
twenty (20) votes for every fully paid Class B Ordinary Share of which he is the holder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) No amount paid up or credited as paid up on a share in advance of calls or instalments is treated for the foregoing purposes as paid up on the share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Notwithstanding anything contained in these Articles, where more than one proxy is appointed by a Member which is a clearing house or a central depository house (or its nominee(s)), each such proxy shall have one vote on a show of hands. A resolution put to the vote of a meeting shall be decided on a show of hands unless (before or on the declaration of the result of the show of hands or on the withdrawal of any other demand for a poll) a poll is demanded by the chairman of such meeting or by any one or more Members who together hold not less than ten percent (10%) in nominal value of the total issued voting shares in the Company, present in person or in the case of a Member being a corporation by its duly authorised representative or by proxy for the time being entitled to vote at the meeting. A demand by a person as proxy for a Member or in the case of a Member being a corporation by its duly authorised representative shall be deemed to be the same as a demand by a Member.

67. Unless a poll is duly demanded and the demand is not withdrawn, a declaration by the chairman that a resolution has been carried,
or carried unanimously, or by a particular majority, or not carried by a particular majority, or lost, and an entry to that effect made
in the minute book of the Company, shall be conclusive evidence of the facts without proof of the number or proportion of the votes recorded
for or against the resolution.

68. If a poll is duly demanded the result of the poll shall be deemed to be the resolution of the meeting at which the poll was demanded.
There shall be no requirement for the chairman to disclose the voting figures on a poll.

69. A poll demanded on the election of a chairman, or on a question of adjournment, shall be taken forthwith. A poll demanded on any other
question shall be taken in such manner (including the use of ballot or voting papers or tickets) either forthwith or at such time (being
not later than thirty (30) days after the date of the demand) and place as the chairman directs. It shall not be necessary (unless the
chairman otherwise directs) for notice to be given of a poll not taken immediately.

70. The demand for a poll shall not prevent the continuance of a meeting or the transaction of any business other than the question on
which the poll has been demanded, and, with the consent of the chairman, it may be withdrawn at any time before the close of the meeting
or the taking of the poll, whichever is the earlier.

71. On a poll votes may be given either personally or by proxy.

72. A person entitled to more than one vote on a poll need not use all his votes or cast all the votes he uses in the same way.

73. All questions submitted to a meeting shall be decided by a simple majority of votes cast by such Members as, being entitled to do
so, vote in person or, by proxy or, in the case of a Member being a corporation, by its duly authorised representative except where a
greater majority is required by these Articles or by the Act. In the case of an equality of votes, whether on a show of hands or on a
poll, the chairman of such meeting shall be entitled to a second or casting vote in addition to any other vote he may have.

74. Where there are joint holders of any share any one of such joint holder may vote, either in person or by proxy, in respect of such
share as if he were solely entitled thereto, but if more than one of such joint holders be present at any meeting the vote of the senior
who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of the other joint holders, and for
this purpose seniority shall be determined by the order in which the names stand in the Register in respect of the joint holding. Several
executors or administrators of a deceased Member in whose name any share stands shall for the purposes of this Article be deemed
joint holders thereof.

75. (1) A Member who is a patient for any purpose relating to mental health or in respect of whom an order has been made by any court
having jurisdiction for the protection or management of the affairs of persons incapable of managing their own affairs may vote, whether
on a show of hands or on a poll, by his receiver, committee, curator bonis or other person in the nature of a receiver, committee or curator
bonis appointed by such court, and such receiver, committee, curator bonis or other person may vote on a poll by proxy, and may otherwise
act and be treated as if he were the registered holder of such shares for the purposes of general meetings, *provided* that such
evidence as the Board may require of the authority of the person claiming to vote shall have been deposited at the Office, head office
or Registration Office, as appropriate, not less than forty-eight (48) hours before the time appointed for holding the meeting, or adjourned
meeting or poll, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Any person entitled under Article 53 to be registered as the holder of any shares may vote at any general meeting in respect thereof in the same manner as if he were the registered holder of such shares, *provided* that forty-eight (48) hours at least before the time of the holding of the meeting or adjourned meeting, as the case may be, at which he proposes to vote, he shall satisfy the Board of his entitlement to such shares, or the Board shall have previously admitted his right to vote at such meeting in respect thereof.

76. No Member shall, unless the Board otherwise determines, be entitled to attend and vote and to be reckoned in a quorum at any general
meeting unless he is duly registered and all calls or other sums presently payable by him in respect of shares in the Company have been
paid.

77. If:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any objection shall be raised to the qualification of any voter; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any votes have been counted which ought not to have been counted or which might have been rejected; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any votes are not counted which ought to have been counted; the objection or error shall not vitiate the decision of the meeting or
adjourned meeting on any resolution unless the same is raised or pointed out at the meeting or, as the case may be, the adjourned meeting
at which the vote objected to is given or tendered or at which the error occurs. Any objection or error shall be referred to the chairman
of the meeting and shall only vitiate the decision of the meeting on any resolution if the chairman decides that the same may have affected
the decision of the meeting. The decision of the chairman on such matters shall be final and conclusive.

<u>Proxies</u>

78. Any Member entitled to attend and vote at a general meeting of the Company shall be entitled to appoint another person as his proxy
to attend and vote instead of him. A Member who is the holder of two or more shares may appoint more than one proxy to represent him and
vote on his behalf at a general meeting of the Company or at a class meeting. A proxy need not be a Member. In addition, a proxy or proxies
representing either a Member who is an individual or a Member which is a corporation shall be entitled to exercise the same powers on
behalf of the Member which he or they represent as such Member could exercise.

79. The instrument appointing a proxy shall be in writing under the hand of the appointor or of his attorney duly authorised in writing
or, if the appointor is a corporation, either under its seal or under the hand of an officer, attorney or other person authorised to sign
the same. In the case of an instrument of proxy purporting to be signed on behalf of a corporation by an officer thereof it shall be assumed,
unless the contrary appears, that such officer was duly authorised to sign such instrument of proxy on behalf of the corporation without
further evidence of the facts.

80. The instrument appointing a proxy and, if required by the Board, the power of attorney or other authority, if any, under which it
is signed, or a certified copy of such power or authority, shall be delivered to such place or one of such places, if any, as may be specified
for that purpose in or by way of note to or in any document accompanying the notice convening the meeting or, if no place is so specified
at the Registration Office or the Office, as may be appropriate, not less than forty-eight (48) hours before the time appointed for holding
the meeting or adjourned meeting at which the person named in the instrument proposes to vote or, in the case of a poll taken subsequently
to the date of a meeting or adjourned meeting, not less than twenty-four (24) hours before the time appointed for the taking of the poll
and in default the instrument of proxy shall not be treated as valid. No instrument appointing a proxy shall be valid after the expiration
of twelve (12) months from the date named in it as the date of its execution, except at an adjourned meeting or on a poll demanded at
a meeting or an adjourned meeting in cases where the meeting was originally held within twelve (12) months from such date. Delivery of
an instrument appointing a proxy shall not preclude a Member from attending and voting in person at the meeting convened and in such event,
the instrument appointing a proxy shall be deemed to be revoked.

81. Instruments of proxy shall be in any common form or in such other form as the Board may approve (*provided* that this shall not
preclude the use of the two-way form) and the Board may, if it thinks fit, send out with the notice of any meeting forms of instrument
of proxy for use at the meeting. The instrument of proxy shall be deemed to confer authority to demand or join in demanding a poll and
to vote on any amendment of a resolution put to the meeting for which it is given as the proxy thinks fit. The instrument of proxy shall,
unless the contrary is stated therein, be valid as well for any adjournment of the meeting as for the meeting to which it relates.

82. A vote given in accordance with the terms of an instrument of proxy shall be valid notwithstanding the previous death or insanity
of the principal, or revocation of the instrument of proxy or of the authority under which it was executed, *provided* that no intimation
in writing of such death, insanity or revocation shall have been received by the Company at the Office or the Registration Office (or
such other place as may be specified for the delivery of instruments of proxy in the notice convening the meeting or other document sent
therewith) two (2) hours at least before the commencement of the meeting or adjourned meeting, or the taking of the poll, at which
the instrument of proxy is used.

83. Anything which under these Articles a Member may do by proxy he may likewise do by his duly appointed attorney and the provisions
of these Articles relating to proxies and instruments appointing proxies shall apply *mutatis mutandis* in relation to any such attorney
and the instrument under which such attorney is appointed.

<u>Corporations Acting By Representatives</u>

84. (1) Any corporation which is a Member may by resolution of its directors or other governing body authorise such person as it thinks
fit to act as its representative at any meeting of the Company or at any meeting of any class of Members. The person so authorised shall
be entitled to exercise the same powers on behalf of such corporation as the corporation could exercise if it were an individual Member
and such corporation shall for the purposes of these Articles be deemed to be present in person at any such meeting if a person so authorised
is present thereat.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If a clearing house (or its nominee(s)) or a central depository entity, being a corporation, is a Member, it may authorise such persons as it thinks fit to act as its representatives at any meeting of the Company or at any meeting of any class of Members *provided* that the authorisation shall specify the number and class of shares in respect of which each such representative is so authorised. Each person so authorised under the provisions of this Article shall be deemed to have been duly authorised without further evidence of the facts and be entitled to exercise the same rights and powers on behalf of the clearing house or central depository entity (or its nominee(s)) as if such person was the registered holder of the shares of the Company held by the clearing house or a central depository entity (or its nominee(s)) including the right to vote individually on a show of hands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Any reference in these Articles to a duly authorised representative of a Member being a corporation shall mean a representative authorised under the provisions of this Article.

<u>BOARD OF DIRECTORS</u>

85. (1) Unless otherwise determined by the Members in general meeting, the number of Directors shall not be less than five (5). There
shall be no maximum number of Directors unless otherwise determined from time to time by the Members in general meeting. The Directors
shall be elected or appointed in the first place by the subscribers to the Memorandum of Association or by a majority of them and shall
hold office until their successors are elected or appointed or their office is otherwise vacated. For so long as Shares or ADSs are listed
on the Designated Stock Exchange, the Directors shall include such number of independent directors as applicable law, rules or regulations
or the rules of the Designated Stock Exchange require, unless the Board resolves to follow any available exceptions or exemptions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subject to the Articles and the Act, the Members may by ordinary resolution elect any person to be a Director either to fill a casual vacancy or as an addition to the existing Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Directors shall have the power from time to time and at any time to appoint any person as a Director to fill a casual vacancy on the Board or as an addition to the existing Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) No Director shall be required to hold any shares of the Company by way of qualification and a Director who is not a Member shall be entitled to receive notice of and to attend and speak at any general meeting of the Company and of all classes of shares of the Company. Each Director shall hold office until the expiration of his term, or his resignation from the Board, or until his successor shall have been elected and qualified.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Subject to any provision to the contrary in these Articles, a Director may be removed by way of an ordinary resolution of the Members at any time before the expiration of his period of office notwithstanding anything in these Articles or in any agreement between the Company and such Director (but without prejudice to any claim for damages under any such agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) The Members may from time to time in general meeting by ordinary resolution increase or reduce the number of Directors but so that the number of Directors shall never be less than three (3).

<u>Disqualification of Directors</u>

86. The office of a Director shall be vacated if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) resigns his office by Notice delivered to the Company at the Office or tendered at a meeting of the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) becomes of unsound mind or dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) without special leave of absence from the Board, is absent from meetings of the Board for six consecutive times and the Board resolves
that his office be vacated; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) becomes bankrupt or has a receiving order made against him or suspends payment or compounds with his creditors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) is prohibited by law from being a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) ceases to be a Director by virtue of any provision of the Statutes or is removed from office pursuant to these Articles.

<u>Executive Directors</u>

87. The Board may from time to time appoint any one or more of its body to be a managing director, joint managing director or deputy managing
director or to hold any other employment or executive office with the Company for such period (subject to their continuance as Directors)
and upon such terms as the Board may determine and the Board may revoke or terminate any of such appointments. Any such revocation or
termination as aforesaid shall be without prejudice to any claim for damages that such Director may have against the Company or the Company
may have against such Director. A Director appointed to an office under this Article 87 shall be subject to the same provisions as
to removal as the other Directors of the Company, and he shall (subject to the provisions of any contract between him and the Company)
ipso facto and immediately cease to hold such office if he shall cease to hold the office of Director for any cause.

88. Notwithstanding Articles 93, 94, 95 and 96, an executive director appointed to an office under Article 87 hereof shall receive
such remuneration (whether by way of salary, commission, participation in profits or otherwise or by all or any of those modes) and such
other benefits (including pension and/or gratuity and/or other benefits on retirement) and allowances as the Board may from time to time
determine, and either in addition to or in lieu of his remuneration as a Director.

<u>Alternate Directors</u>

89. Any Director may at any time by Notice delivered to the Office or head office or at a meeting of the Directors appoint any person
(including another Director) to be his alternate Director. Any person so appointed shall have all the rights and powers of the Director
or Directors for whom such person is appointed in the alternative *provided* that such person shall not be counted more than once
in determining whether or not a quorum is present. An alternate Director may be removed at any time by the body which appointed him and,
subject thereto, the office of alternate Director shall continue until the happening of any event which, if he were a Director, would
cause him to vacate such office or if his appointer ceases for any reason to be a Director. Any appointment or removal of an alternate
Director shall be effected by Notice signed by the appointor and delivered to the Office or head office or tendered at a meeting of the
Board. An alternate Director may also be a Director in his own right and may act as alternate to more than one Director. An alternate
Director shall, if his appointor so requests, be entitled to receive notices of meetings of the Board or of committees of the Board to
the same extent as, but in lieu of, the Director appointing him and shall be entitled to such extent to attend and vote as a Director
at any such meeting at which the Director appointing him is not personally present and generally at such meeting to exercise and discharge
all the functions, powers and duties of his appointor as a Director and for the purposes of the proceedings at such meeting the provisions
of these Articles shall apply as if he were a Director save that as an alternate for more than one Director his voting rights shall be
cumulative.

90. An alternate Director shall only be a Director for the purposes of the Act and shall only be subject to the provisions of the Act
insofar as they relate to the duties and obligations of a Director when performing the functions of the Director for whom he is appointed
in the alternative and shall alone be responsible to the Company for his acts and defaults and shall not be deemed to be the agent of
or for the Director appointing him. An alternate Director shall be entitled to contract and be interested in and benefit from contracts
or arrangements or transactions and to be repaid expenses and to be indemnified by the Company to the same extent *mutatis mutandis* as if he were a Director but he shall not be entitled to receive from the Company any fee in his capacity as an alternate Director except
only such part, if any, of the remuneration otherwise payable to his appointor as such appointor may by Notice to the Company from time
to time direct.

91. Every person acting as an alternate Director shall have one vote for each Director for whom he acts as alternate (in addition to his
own vote if he is also a Director). If his appointor is for the time being not available or unable to act, the signature of an alternate
Director to any resolution in writing of the Board or a committee of the Board of which his appointor is a member shall, unless the notice
of his appointment provides to the contrary, be as effective as the signature of his appointor.

92. An alternate Director shall ipso facto cease to be an alternate Director if his appointor ceases for any reason to be a Director,
however, such alternate Director or any other person may be re-appointed by the Directors to serve as an alternate Director *provided* always that, if at any meeting any Director retires but is re-elected at the same meeting, any appointment of such alternate Director
pursuant to these Articles which was in force immediately before his retirement shall remain in force as though he had not retired.

<u>Directors' Fees and Expenses</u>

93. The Directors shall receive such remuneration as the Board may from time to time determine.

94. Each Director shall be entitled to be repaid or prepaid all travelling, hotel and incidental expenses reasonably incurred or expected
to be incurred by him in attending meetings of the Board or committees of the Board or general meetings or separate meetings of any class
of shares or of debentures of the Company or otherwise in connection with the discharge of his duties as a Director.

95. Any Director who, by request, goes or resides abroad for any purpose of the Company or who performs services which in the opinion
of the Board go beyond the ordinary duties of a Director may be paid such extra remuneration (whether by way of salary, commission, participation
in profits or otherwise) as the Board may determine and such extra remuneration shall be in addition to or in substitution for any ordinary
remuneration provided for by or pursuant to any other Article.

96. The Board shall determine any payment to any Director or past Director of the Company by way of compensation for loss of office, or
as consideration for or in connection with his retirement from office (not being payment to which the Director is contractually entitled).

<u>Directors' Interests</u>

97. A Director may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold any other office or place of profit with the Company (except that of Auditor) in conjunction with his office of Director for
such period and upon such terms as the Board may determine. Any remuneration (whether by way of salary, commission, participation in profits
or otherwise) paid to any Director in respect of any such other office or place of profit shall be in addition to any remuneration provided
for by or pursuant to any other Article;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) act by himself or his firm in a professional capacity for the Company (otherwise than as Auditor) and he or his firm may be remunerated
for professional services as if he were not a Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) continue to be or become a director, managing director, joint managing director, deputy managing director, executive director, manager
or other officer or member of any other company promoted by the Company or in which the Company may be interested as a vendor, shareholder
or otherwise and, unless otherwise agreed, no such Director shall be accountable for any remuneration, profits or other benefits received
by him as a director, managing director, joint managing director, deputy managing director, executive director, manager or other officer
or member of or from his interests in any such other company. Subject as otherwise provided by these Articles the Directors may exercise
or cause to be exercised the voting powers conferred by the shares in any other company held or owned by the Company, or exercisable by
them as Directors of such other company in such manner in all respects as they think fit (including the exercise thereof in favour of
any resolution appointing themselves or any of them directors, managing directors, joint managing directors, deputy managing directors,
executive directors, managers or other officers of such company) or voting or providing for the payment of remuneration to the director,
managing director, joint managing director, deputy managing director, executive director, manager or other officers of such other company
and any Director may vote in favour of the exercise of such voting rights in manner aforesaid notwithstanding that he may be, or about
to be, appointed a director, managing director, joint managing director, deputy managing director, executive director, manager or other
officer of such other company, and that as such he is or may become interested in the exercise of such voting rights in manner aforesaid.

Notwithstanding the foregoing, no "Independent Director" as defined in the rules of the Designated Stock Exchange or in Rule 10A-3 under the Exchange Act, and with respect of whom the Board has determined constitutes an "Independent Director" for purposes of compliance with applicable law or the rules of the Designated Stock Exchange, shall take any of the foregoing actions or any other action that would reasonably be likely to affect such Director's status as an "Independent Director" of the Company without the consent of the Audit Committee.

98. Subject to the Act and to these Articles, no Director or proposed or intending Director shall be disqualified by his office from contracting
with the Company, either with regard to his tenure of any office or place of profit or as vendor, purchaser or in any other manner whatever,
nor shall any such contract or any other contract or arrangement in which any Director is in any way interested be liable to be avoided,
nor shall any Director so contracting or being so interested be liable to account to the Company or the Members for any remuneration,
profit or other benefits realised by any such contract or arrangement by reason of such Director holding that office or of the fiduciary
relationship thereby established *provided* that such Director shall disclose the nature of his interest in any contract or arrangement
in which he is interested in accordance with Article 99 herein. Any such transaction that would reasonably be likely to affect a
Director's status as an "Independent Director", or that would constitute a "related party transaction" as
defined under applicable law or the rules of the Designated Stock Exchange, shall require the approval of the Audit Committee.

99. A Director who to his knowledge is in any way, whether directly or indirectly, interested in a contract or arrangement or proposed
contract or arrangement with the Company shall declare the nature of his interest at the meeting of the Board at which the question of
entering into the contract or arrangement is first considered, if he knows his interest then exists, or in any other case at the first
meeting of the Board after he knows that he is or has become so interested. For the purposes of this Article, a general Notice to the
Board by a Director to the effect that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) he is a member or officer of a specified company or firm and is to be regarded as interested in any contract or arrangement which
may after the date of the Notice be made with that company or firm; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he is to be regarded as interested in any contract or arrangement which may after the date of the Notice be made with a specified
person who is connected with him; shall be deemed to be a sufficient declaration of interest under this Article in relation to any
such contract or arrangement, *provided* that no such notice shall be effective unless either it is given at a meeting of the Board
or the Director takes reasonable steps to secure that it is brought up and read at the next Board meeting after it is given.

100. Following a declaration being made pursuant to the last preceding two Articles, subject to any separate requirement for Audit Committee
approval under applicable law or the listing rules of the Company's Designated Stock Exchange, and unless disqualified by the
chairman of the relevant Board meeting, a Director may vote in respect of any contract or proposed contract or arrangement in which such
Director is interested and may be counted in the quorum at such meeting.

<u>General Powers of the Directors</u>

101. (1) The business of the Company shall be managed and conducted by the Board, which may pay all expenses incurred in forming and
registering the Company and may exercise all powers of the Company (whether relating to the management of the business of the Company
or otherwise) which are not by the Statutes or by these Articles required to be exercised by the Members in a general meeting, subject
nevertheless to the provisions of the Statutes and of these Articles and to such regulations being not inconsistent with such provisions,
as may be prescribed by the Members in a general meeting, but no regulations made by the Members in a general meeting shall invalidate
any prior act of the Board which would have been valid if such regulations had not been made. The general powers given by this Article shall
not be limited or restricted by any special authority or power given to the Board by any other Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Any person contracting or dealing with the Company in the ordinary course of business shall be entitled to rely on any written or oral contract or agreement or deed, document or instrument entered into or executed as the case may be by any two of the Directors acting jointly on behalf of the Company and the same shall be deemed to be validly entered into or executed by the Company as the case may be and shall, subject to any rule of law, be binding on the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Without prejudice to the general powers conferred by these Articles it is hereby expressly declared that the Board shall have the following powers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) To give to any person the right or option of requiring at a future date that an allotment shall be made to him of any share at par
or at such premium as may be agreed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) To give to any Directors, officers or employees of the Company an interest in any particular business or transaction or participation
in the profits thereof or in the general profits of the Company either in addition to or in substitution for a salary or other remuneration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) To resolve that the Company be deregistered in the Cayman Islands and continued in a named jurisdiction outside the Cayman Islands
subject to the provisions of the Act.

102. The Board may establish any regional or local boards or agencies for managing any of the affairs of the Company in any place, and
may appoint any persons to be members of such local boards, or any managers or agents, and may fix their remuneration (either by way of
salary or by commission or by conferring the right to participation in the profits of the Company or by a combination of two or more of
these modes) and pay the working expenses of any staff employed by them upon the business of the Company. The Board may delegate to any
regional or local board, manager or agent any of the powers, authorities and discretions vested in or exercisable by the Board (other
than its powers to make calls and forfeit shares), with power to sub-delegate, and may authorise the members of any of them to fill any
vacancies therein and to act notwithstanding vacancies. Any such appointment or delegation may be made upon such terms and subject to
such conditions as the Board may think fit, and the Board may remove any person appointed as aforesaid, and may revoke or vary such delegation,
but no person dealing in good faith and without notice of any such revocation or variation shall be affected thereby.

103. The Board may by power of attorney appoint any company, firm or person or any fluctuating body of persons, whether nominated directly
or indirectly by the Board, to be the attorney or attorneys of the Company for such purposes and with such powers, authorities and discretions
(not exceeding those vested in or exercisable by the Board under these Articles) and for such period and subject to such conditions as
it may think fit, and any such power of attorney may contain such provisions for the protection and convenience of persons dealing with
any such attorney as the Board may think fit, and may also authorise any such attorney to sub-delegate all or any of the powers, authorities
and discretions vested in him. Such attorney or attorneys may, if so authorised under the Seal of the Company, execute any deed or instrument
under their personal seal with the same effect as the affixation of the Company's Seal.

104. The Board may entrust to and confer upon a managing director, joint managing director, deputy managing director, an executive director
or any Director any of the powers exercisable by it upon such terms and conditions and with such restrictions as it thinks fit, and either
collaterally with, or to the exclusion of, its own powers, and may from time to time revoke or vary all or any of such powers but no person
dealing in good faith and without notice of such revocation or variation shall be affected thereby.

105. All cheques, promissory notes, drafts, bills of exchange and other instruments, whether negotiable or transferable or not, and all
receipts for moneys paid to the Company shall be signed, drawn, accepted, endorsed or otherwise executed, as the case may be, in such
manner as the Board shall from time to time by resolution determine. The Company's banking accounts shall be kept with such banker
or bankers as the Board shall from time to time determine.

106. (1) The Board may establish or concur or join with other companies (being subsidiary companies of the Company or companies with
which it is associated in business) in establishing and making contributions out of the Company's moneys to any schemes or funds
for providing pensions, sickness or compassionate allowances, life assurance or other benefits for employees (which expression as used
in this and the following paragraph shall include any Director or ex-Director who may hold or have held any executive office or any office
of profit under the Company or any of its subsidiary companies) and ex-employees of the Company and their dependants or any class or classes
of such person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Board may pay, enter into agreements to pay or make grants of revocable or irrevocable pensions or other benefits to employees and ex-employees and their dependants, or to any of such persons, including pensions or benefits additional to those, if any, to which such employees or ex-employees or their dependants are or may become entitled under any such scheme or fund as mentioned in the last preceding paragraph. Any such pension or benefit may, as the Board considers desirable, be granted to an employee either before and in anticipation of or upon or at any time after his actual retirement, and may be subject or not subject to any terms or conditions as the Board may determine.

<u>Borrowing Powers</u>

107. The Board may exercise all the powers of the Company to raise or borrow money and to mortgage or charge all or any part of the undertaking,
property and assets (present and future) and uncalled capital of the Company and, subject to the Act, to issue debentures, bonds and other
securities, whether outright or as collateral security for any debt, liability or obligation of the Company or of any third party.

108. Debentures, bonds and other securities may be made assignable free from any equities between the Company and the person to whom the
same may be issued.

109. Any debentures, bonds or other securities may be issued at a discount (other than shares), premium or otherwise and with any special
privileges as to redemption, surrender, drawings, allotment of shares, attending and voting at general meetings of the Members, appointment
of Directors and otherwise.

110. (1) Where any uncalled capital of the Company is charged, all persons taking any subsequent charge thereon shall take the same
subject to such prior charge, and shall not be entitled, by notice to the Members or otherwise, to obtain priority over such prior charge.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Board shall cause a proper register to be kept, in accordance with the provisions of the Act, of all charges specifically affecting the property of the Company and of any series of debentures issued by the Company and shall duly comply with the requirements of the Act in regard to the registration of charges and debentures therein specified and otherwise.

<u>Proceedings of the Directors</u>

111. The Board may meet for the despatch of business, adjourn and otherwise regulate its meetings as it considers appropriate. Questions
arising at any meeting shall be determined by a majority of votes. In the case of any equality of votes the chairman of the meeting shall
have an additional or casting vote.

112. A meeting of the Board may be convened by the Secretary on request of a Director or by any Director. The Secretary shall convene a
meeting of the Board of which notice may be given in writing or by telephone or in such other manner as the Board may from time to time
determine whenever he shall be required so to do by the chief executive officer or chairman, as the case may be, or any Director.

113. (1) The quorum necessary for the transaction of the business of the Board may be fixed by the Board and, unless so fixed at any
other number, shall be a majority of the Directors then in office, including the Chairman. An alternate Director shall be counted in a
quorum in the case of the absence of a Director for whom he is the alternate *provided* that he shall not be counted more than once
for the purpose of determining whether or not a quorum is present.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Directors may participate in any meeting of the Board by means of a conference telephone or other communications equipment through which all persons participating in the meeting can communicate with each other simultaneously and instantaneously and, for the purpose of counting a quorum, such participation shall constitute presence at a meeting as if those participating were present in person.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Any Director who ceases to be a Director at a Board meeting may continue to be present and to act as a Director and be counted in the quorum until the termination of such Board meeting if no other Director objects and if otherwise a quorum of Directors would not be present.

114. The continuing Directors or a sole continuing Director may act notwithstanding any vacancy in the Board but, if and so long as the
number of Directors is reduced below the minimum number fixed by or in accordance with these Articles as the quorum, the continuing Directors
or Director, notwithstanding that the number of Directors is below the number fixed by or in accordance with these Articles as the quorum
or that there is only one continuing Director, may act for the purpose of filling vacancies in the Board or of summoning general meetings
of the Company but not for any other purpose.

115. The Chairman of the Board shall be the chairman of all meetings of the Board. If the Chairman of the Board is not present at any meeting
within five (5) minutes after the time appointed for holding the same, the Directors present may choose one of their number to be
chairman of the meeting.

116. A meeting of the Board at which a quorum is present shall be competent to exercise all the powers, authorities and discretions for
the time being vested in or exercisable by the Board.

117. (1) The Board may delegate any of its powers, authorities and discretions to committees (including, without limitation, the Audit
Committee), consisting of such Director or Directors and other persons as it thinks fit, and they may, from time to time, revoke such
delegation or revoke the appointment of and discharge any such committees either wholly or in part, and either as to persons or purposes.
Any committee so formed shall, in the exercise of the powers, authorities and discretions so delegated, conform to any regulations which
may be imposed on it by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) All acts done by any such committee in conformity with such regulations, and in fulfilment of the purposes for which it was appointed, but not otherwise, shall have like force and effect as if done by the Board, and the Board (or if the Board delegates such power, the committee) shall have power to remunerate the members of any such committee, and charge such remuneration to the current expenses of the Company.

118. The meetings and proceedings of any committee consisting of two or more members shall be governed by the provisions contained in these
Articles for regulating the meetings and proceedings of the Board so far as the same are applicable and are not superseded by any regulations
imposed by the Board under the last preceding Article, indicating, without limitation, any committee charter adopted by the Board for
purposes or in respect of any such committee.

119. A resolution in writing signed by all the Directors except such as are temporarily unable to act due to ill-health or disability shall
(*provided* that such number is sufficient to constitute a quorum and further *provided* that a copy of such resolution has
been given or the contents thereof communicated to all the Directors for the time being entitled to receive notices of Board meetings
in the same manner as notices of meetings are required to be given by these Articles) be as valid and effectual as if a resolution had
been passed at a meeting of the Board duly convened and held. Such resolution may be contained in one document or in several documents
in like form each signed by one or more of the Directors and for this purpose a facsimile signature of a Director shall be treated as
valid.

120. All acts bona fide done by the Board or by any committee or by any person acting as a Director or members of a committee, shall, notwithstanding
that it is afterwards discovered that there was some defect in the appointment of any member of the Board or such committee or person
acting as aforesaid or that they or any of them were disqualified or had vacated office, be as valid as if every such person had been
duly appointed and was qualified and had continued to be a Director or member of such committee.

<u>Committees</u>

121. Without prejudice to the freedom of the Directors to establish any other committees, for so long as the shares of the Company (or
depositary receipts therefor) are listed or quoted on the Designated Stock Exchange, the Board shall establish and maintain an Audit Committee
as a committee of the Board, the composition and responsibilities of which shall comply with the rules of the Designated Stock Exchange
and the rules and regulations of the SEC.

122. (1) The Board shall adopt a formal written audit committee charter and review and assess the adequacy of the formal written charter
on an annual basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Audit Committee shall meet at least once every financial quarter, or more frequently as circumstances dictate.

123. For so long as the shares of the Company (or depositary receipts therefor) are listed or quoted on the Designated Stock Exchange,
the Company shall conduct an appropriate review of all related party transactions on an ongoing basis and shall utilize the Audit Committee
for the review and approval of potential conflicts of interest. Specially, the Audit Committee shall approve any transaction or transactions
between the Company and any of the following parties: (i) any shareholder owning an interest in the voting power of the Company or
any subsidiary of the Company that gives such shareholder significant influence over the Company or any subsidiary of the Company, (ii) any
director or executive officer of the Company or any subsidiary of the Company and any relative of such director or executive officer,
(iii) any person in which a substantial interest in the voting power is owned, directly or indirectly, by any person described in
(i) or (ii) or over which such a person is able to exercise significant influence, and (iv) any affiliate (other than a
subsidiary) of the Company.

<u>Officers</u>

124. (1) The officers of the Company shall consist of the Chairman of the Board, the Directors and such additional officers (who may
or may not be Directors) as the Board may from time to time determine, all of whom shall be deemed to be officers for the purposes of
the Act and these Articles. In addition to the officers of the Company, the Board may also from time to time determine and appoint managers
and delegate to the same such powers and duties as are prescribed by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Directors shall elect, by a majority of the Directors then in office, amongst the Directors a chairman.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The officers shall receive such remuneration as the Directors may from time to time determine.

125. (1) The Secretary and additional officers, if any, shall be appointed by the Board and shall hold office on such terms and for
such period as the Board may determine. If thought fit, two or more persons may be appointed as joint Secretaries. The Board may also
appoint from time to time on such terms as it thinks fit one or more assistant or deputy Secretaries.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Secretary shall attend all meetings of the Members and shall keep correct minutes of such meetings and enter the same in the proper books provided for the purpose. He shall perform such other duties as are prescribed by the Act or these Articles or as may be prescribed by the Board.

126. The officers of the Company shall have such powers and perform such duties in the management, business and affairs of the Company
as may be delegated to them by the Directors from time to time.

127. A provision of the Act or of these Articles requiring or authorising a thing to be done by or to a Director and the Secretary shall
not be satisfied by its being done by or to the same person acting both as Director and as or in place of the Secretary.

<u>Register of Directors and Officers</u>

128. The Company shall cause to be kept in one or more books at its Office a Register of Directors and Officers in which there shall be
entered the full names and addresses of the Directors and Officers and such other particulars as required by the Act or as the Directors
may determine. The Company shall send to the Registrar of Companies in the Cayman Islands a copy of such register, and shall from time
to time notify to the said Registrar of any change that takes place in relation to such Directors and Officers as required by the Act.

<u>Minutes</u>

129. (1) The Board shall cause minutes to be duly entered in books provided for the purpose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) of all elections and appointments of officers;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) of the names of the Directors present at each meeting of the Directors and of any committee of the Directors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) of all resolutions and proceedings of each general meeting of the Members, meetings of the Board and meetings of committees of the
Board and where there are managers, of all proceedings of meetings of the managers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Minutes shall be kept by the Secretary at the Office.

<u>Seal</u>

130. (1) The Company shall have one or more Seals, as the Board may determine. For the purpose of sealing documents creating or evidencing
securities issued by the Company, the Company may have a securities seal which is a facsimile of the Seal of the Company with the addition
of the word "Securities" on its face or in such other form as the Board may approve. The Board shall provide for the custody
of each Seal and no Seal shall be used without the authority of the Board or of a committee of the Board authorised by the Board in that
behalf. Subject as otherwise provided in these Articles, any instrument to which a Seal is affixed shall be signed autographically by
one Director and the Secretary or by two Directors or by such other person (including a Director) or persons as the Board may appoint,
either generally or in any particular case, save that as regards any certificates for shares or debentures or other securities of the
Company the Board may by resolution determine that such signatures or either of them shall be dispensed with or affixed by some method
or system of mechanical signature. Every instrument executed in manner provided by this Article 130 shall be deemed to be sealed
and executed with the authority of the Board previously given.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Where the Company has a Seal for use abroad, the Board may by writing under the Seal appoint any agent or committee abroad to be the duly authorised agent of the Company for the purpose of affixing and using such Seal and the Board may impose restrictions on the use thereof as may be thought fit. Wherever in these Articles reference is made to the Seal, the reference shall, when and so far as may be applicable, be deemed to include any such other Seal as aforesaid.

<u>Authentication of Documents</u>

131. Any Director or the Secretary or any person appointed by the Board for the purpose may authenticate any documents affecting the constitution
of the Company and any resolution passed by the Company or the Board or any committee, and any books, records, documents and accounts
relating to the business of the Company, and to certify copies thereof or extracts therefrom as true copies or extracts, and if any books,
records, documents or accounts are elsewhere than at the Office or the head office the local manager or other officer of the Company having
the custody thereof shall be deemed to be a person so appointed by the Board. A document purporting to be a copy of a resolution, or an
extract from the minutes of a meeting, of the Company or of the Board or any committee thereof which is so certified shall be conclusive
evidence in favour of all persons dealing with the Company upon the faith thereof that such resolution has been duly passed or, as the
case may be, that such minutes or extract is a true and accurate record of proceedings at a duly constituted meeting.

<u>Destruction of Documents</u>

132. (1) The Company shall be entitled to destroy the following documents at the following times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any share certificate which has been cancelled at any time after the expiry of one (1) year from the date of such cancellation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any dividend mandate or any variation or cancellation thereof or any notification of change of name or address at any time after the
expiry of two (2) years from the date such mandate variation cancellation or notification was recorded by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any instrument of transfer of shares which has been registered at any time after the expiry of seven (7) years from the date
of registration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any allotment letters after the expiry of seven (7) years from the date of issue thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) copies of powers of attorney, grants of probate and letters of administration at any time after the expiry of seven (7) years
after the account to which the relevant power of attorney, grant of probate or letters of administration related has been closed; and
it shall conclusively be presumed in favour of the Company that every entry in the Register purporting to be made on the basis of any
such documents so destroyed was duly and properly made and every share certificate so destroyed was a valid certificate duly and properly
cancelled and that every instrument of transfer so destroyed was a valid and effective instrument duly and properly registered and that
every other document destroyed hereunder was a valid and effective document in accordance with the recorded particulars thereof in the
books or records of the Company. *Provided* always that: (1) the foregoing provisions of this Article 132 shall apply only
to the destruction of a document in good faith and without express notice to the Company that the preservation of such document was relevant
to a claim; (2) nothing contained in this Article 132 shall be construed as imposing upon the Company any liability in respect
of the destruction of any such document earlier than as aforesaid or in any case where the conditions of proviso (1) above are not
fulfilled; and (3) references in this Article to the destruction of any document include references to its disposal in any manner.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Notwithstanding any provision contained in these Articles, the Directors may, if permitted by applicable law, authorise the destruction of documents set out in sub-paragraphs (a) to (e) of paragraph (1) of this Article 132 and any other documents in relation to share registration which have been microfilmed or electronically stored by the Company or by the share registrar on its behalf *provided* always that this Article shall apply only to the destruction of a document in good faith and without express notice to the Company and its share registrar that the preservation of such document was relevant to a claim.

<u>Dividends and Other Payments</u>

133. Subject to the Act and any rights and restrictions for the time being attached to any class or classes of shares and these Articles,
the Board may from time to time declare dividends in any currency to be paid to the Members and other distributions on shares in issue
and authorise payment of the same out of the funds of the Company lawfully available therefor. At any and every time the Board declare
dividends, Class A Ordinary Shares and Class B Ordinary Shares shall have identical rights in the dividends so declared.

134. Dividends may be declared and paid out of the profits of the Company, realised or unrealised, or from any reserve set aside from profits
which the Directors determine is no longer needed. The Board may also declare and pay dividends out of share premium account or any other
fund or account which can be authorised for this purpose in accordance with the Act.

135. Except in so far as the rights attaching to, or the terms of issue of, any share otherwise provide,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all dividends shall be declared and paid according to the amounts paid up on the shares in respect of which the dividend is paid,
but no amount paid up on a share in advance of calls shall be treated for the purposes of this Article as paid up on the share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all dividends shall be apportioned and paid pro rata according to the amounts paid up on the shares during any portion or portions
of the period in respect of which the dividend is paid.

136. The Board may from time to time pay to the Members such interim dividends as appear to the Board to be justified by the profits of
the Company and in particular (but without prejudice to the generality of the foregoing) if at any time the share capital of the Company
is divided into different classes, the Board may pay such interim dividends in respect of those shares in the capital of the Company which
confer on the holders thereof deferred or non-preferential rights as well as in respect of those shares which confer on the holders thereof
preferential rights with regard to dividend and may also pay any fixed dividend which is payable on any shares of the Company half-yearly
or on any other dates, whenever such profits, in the opinion of the Board, justifies such payment. The Board shall not incur any responsibility
to the holders of shares conferring any preference for any damage that they may suffer by reason of the payment of an interim dividend
on any shares having deferred or non-preferential rights

137. The Board may deduct from any dividend or other moneys payable to a Member by the Company on or in respect of any shares all sums
of money (if any) presently payable by him to the Company on account of calls or otherwise.

138. No dividend or other moneys payable by the Company on or in respect of any share shall bear interest against the Company.

139. Any dividend, interest or other sum payable in cash to the holder of shares may be paid by cheque or warrant sent through the post
addressed to the holder at his registered address or, in the case of joint holders, addressed to the holder whose name stands first in
the Register in respect of the shares at his address as appearing in the Register or addressed to such person and at such address as the
holder or joint holders may in writing direct. Every such cheque or warrant shall, unless the holder or joint holders otherwise direct,
be made payable to the order of the holder or, in the case of joint holders, to the order of the holder whose name stands first on the
Register in respect of such shares, and shall be sent at his or their risk and payment of the cheque or warrant by the bank on which it
is drawn shall constitute a good discharge to the Company notwithstanding that it may subsequently appear that the same has been stolen
or that any endorsement thereon has been forged. Any one of two or more joint holders may give effectual receipts for any dividends or
other moneys payable or property distributable in respect of the shares held by such joint holders.

140. All dividends or bonuses unclaimed for one (1) year after having been declared may be invested or otherwise made use of by the
Board for the benefit of the Company until claimed. Any dividend or bonuses unclaimed after a period of six (6) years from the date
of declaration shall be forfeited and shall revert to the Company. The payment by the Board of any unclaimed dividend or other sums payable
on or in respect of a share into a separate account shall not constitute the Company a trustee in respect thereof.

141. Whenever the Board has resolved that a dividend be paid or declared, the Board may further resolve that such dividend be satisfied
wholly or in part by the distribution of specific assets of any kind and in particular of paid up shares, debentures or warrants to subscribe
securities of the Company or any other company, or in any one or more of such ways, and where any difficulty arises in regard to the distribution
the Board may settle the same as it thinks expedient, and in particular may issue certificates in respect of fractions of shares, disregard
fractional entitlements or round the same up or down, and may fix the value for distribution of such specific assets, or any part thereof,
and may determine that cash payments shall be made to any Members upon the basis of the value so fixed in order to adjust the rights of
all parties, and may vest any such specific assets in trustees as may seem expedient to the Board and may appoint any person to sign any
requisite instruments of transfer and other documents on behalf of the persons entitled to the dividend, and such appointment shall be
effective and binding on the Members. The Board may resolve that no such assets shall be made available to Members with registered addresses
in any particular territory or territories where, in the absence of a registration statement or other special formalities, such distribution
of assets would or might, in the opinion of the Board, be unlawful or impracticable and in such event the only entitlement of the Members
aforesaid shall be to receive cash payments as aforesaid. Members affected as a result of the foregoing sentence shall not be or be deemed
to be a separate class of Members for any purpose whatsoever.

142. (1) Whenever the Board has resolved that a dividend be paid or declared on any class of the share capital of the Company, the Board
may further resolve either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that such dividend be satisfied wholly or in part in the form of an allotment of shares credited as fully paid up, *provided* that the Members entitled thereto will be entitled to elect to receive such dividend (or part thereof if the Board so determines) in cash
in lieu of such allotment. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Board, after determining the basis of allotment, shall give not less than ten (10) days' Notice to the holders of the
relevant shares of the right of election accorded to them and shall send with such notice forms of election and specify the procedure
to be followed and the place at which and the latest date and time by which duly completed forms of election must be lodged in order to
be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the right of election may be exercised in respect of the whole or part of that portion of the dividend in respect of which the right
of election has been accorded; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the dividend (or that part of the dividend to be satisfied by the allotment of shares as aforesaid) shall not be payable in cash on
shares in respect whereof the cash election has not been duly exercised ("the non-elected shares") and in satisfaction thereof
shares of the relevant class shall be allotted credited as fully paid up to the holders of the non-elected shares on the basis of allotment
determined as aforesaid and for such purpose the Board shall capitalise and apply out of any part of the undivided profits of the Company
(including profits carried and standing to the credit of any reserves or other special account, share premium account, capital redemption
reserve other than the Subscription Rights Reserve) as the Board may determine, such sum as may be required to pay up in full the appropriate
number of shares of the relevant class for allotment and distribution to and amongst the holders of the non-elected shares on such basis;
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that the Members entitled to such dividend shall be entitled to elect to receive an allotment of shares credited as fully paid up
in lieu of the whole or such part of the dividend as the Board may think fit. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the Board, after determining the basis of allotment, shall give not less than ten (10) days' Notice to the holders of the
relevant shares of the right of election accorded to them and shall send with such notice forms of election and specify the procedure
to be followed and the place at which and the latest date and time by which duly completed forms of election must be lodged in order to
be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the right of election may be exercised in respect of the whole or part of that portion of the dividend in respect of which the right
of election has been accorded; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the dividend (or that part of the dividend in respect of which a right of election has been accorded) shall not be payable in cash
on shares in respect whereof the share election has been duly exercised ("the elected shares") and in satisifaction thereof
shares of the relevant class shall be allotted credited as fully paid up to the holders of the elected shares on the basis of allotment
determined as aforesaid and for such purpose the Board shall capitalise and apply out of any part of the undivided profits of the Company
(including profits carried and standing to the credit of any reserves or other special account, share premium account, capital redemption
reserve other than the Subscription Rights Reserve) as the Board may determine, such sum as may be required to pay up in full the appropriate
number of shares of the relevant class for allotment and distribution to and amongst the holders of the elected shares on such basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) (a) The shares allotted pursuant to the provisions of paragraph (1) of this Article 142 shall rank *pari passu* in all respects with shares of the same class (if any) then in issue save only as regards participation in the relevant dividend or in any other distributions, bonuses or rights paid, made, declared or announced prior to or contemporaneously with the payment or declaration of the relevant dividend unless, contemporaneously with the announcement by the Board of their proposal to apply the provisions of sub-paragraph (a) or (b) of paragraph (2) of this Article 142 in relation to the relevant dividend or contemporaneously with their announcement of the distribution, bonus or rights in question, the Board shall specify that the shares to be allotted pursuant to the provisions of paragraph (1) of this Article shall rank for participation in such distribution, bonus or rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (b) The Board may do all acts and things considered necessary or expedient to give effect to any capitalisation pursuant to the provisions of paragraph (1) of this Article 142 , with full power to the Board to make such provisions as it thinks fit in the case of shares becoming distributable in fractions (including provisions whereby, in whole or in part, fractional entitlements are aggregated and sold and the net proceeds distributed to those entitled, or are disregarded or rounded up or down or whereby the benefit of fractional entitlements accrues to the Company rather than to the Members concerned). The Board may authorise any person to enter into on behalf of all Members interested, an agreement with the Company providing for such capitalisation and matters incidental thereto and any agreement made pursuant to such authority shall be effective and binding on all concerned.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Board may resolve in respect of any one particular dividend of the Company that notwithstanding the provisions of paragraph (1) of this Article 142 a dividend may be satisfied wholly in the form of an allotment of shares credited as fully paid up without offering any right to shareholders to elect to receive such dividend in cash in lieu of such allotment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Board may on any occasion determine that rights of election and the allotment of shares under paragraph (1) of this Article 142 shall not be made available or made to any shareholders with registered addresses in any territory where, in the absence of a registration statement or other special formalities, the circulation of an offer of such rights of election or the allotment of shares would or might, in the opinion of the Board, be unlawful or impracticable, and in such event the provisions aforesaid shall be read and construed subject to such determination. Members affected as a result of the foregoing sentence shall not be or be deemed to be a separate class of Members for any purpose whatsoever.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Any resolution declaring a dividend on shares of any class may specify that the same shall be payable or distributable to the persons registered as the holders of such shares at the close of business on a particular date, notwithstanding that it may be a date prior to that on which the resolution is passed, and thereupon the dividend shall be payable or distributable to them in accordance with their respective holdings so registered, but without prejudice to the rights inter se in respect of such dividend of transferors and transferees of any such shares. The provisions of this Article shall *mutatis mutandis* apply to bonuses, capitalisation issues, distributions of realised capital profits or offers or grants made by the Company to the Members.

<u>Reserves</u>

143. (1) The Board shall establish an account to be called the share premium account and shall carry to the credit of such account from
time to time a sum equal to the amount or value of the premium paid on the issue of any share in the Company. Unless otherwise provided
by the provisions of these Articles, the Board may apply the share premium account in any manner permitted by the Act. The Company shall
at all times comply with the provisions of the Act in relation to the share premium account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Before recommending any dividend, the Board may set aside out of the profits of the Company such sums as it determines as reserves which shall, at the discretion of the Board, be applicable for any purpose to which the profits of the Company may be properly applied and pending such application may, also at such discretion, either be employed in the business of the Company or be invested in such investments as the Board may from time to time think fit and so that it shall not be necessary to keep any investments constituting the reserve or reserves separate or distinct from any other investments of the Company. The Board may also without placing the same to reserve carry forward any profits which it may think prudent not to distribute.

<u>Capitalisation</u>

144. The Company may, upon the recommendation of the Board, at any time and from time to time pass an ordinary resolution to the effect
that it is desirable to capitalise all or any part of any amount for the time being standing to the credit of any reserve or fund (including
a share premium account and capital redemption reserve and the profit and loss account) whether or not the same is available for distribution
and accordingly that such amount be set free for distribution among the Members or any class of Members who would be entitled thereto
if it were distributed by way of dividend and in the same proportions, on the basis that the same is not paid in cash but is applied either
in or towards paying up the amounts for the time being unpaid on any shares in the Company held by such Members respectively or in paying
up in full unissued shares, debentures or other obligations of the Company, to be allotted and distributed credited as fully paid up among
such Members, or partly in one way and partly in the other, and the Board shall give effect to such resolution *provided* that, for
the purposes of this Article 144, a share premium account and any capital redemption reserve or fund representing unrealised profits,
may be applied only in paying up in full unissued shares of the Company to be allotted to such Members credited as fully paid.

145. The Board may settle, as it considers appropriate, any difficulty arising in regard to any distribution under Article 144 and
in particular may (i) either round up or down the fractions of shares to the nearest whole number, such rounding to be determined
by the Board acting in their sole discretion; (ii) issue certificates in respect of fractions of shares; or (iii) authorise
any person to sell and transfer any fractions or may resolve that the distribution should be as nearly as may be practicable in the correct
proportion but not exactly so or may ignore fractions altogether, and may determine that cash payments shall be made to any Members in
order to adjust the rights of all parties, as may seem expedient to the Board. The Board may appoint any person to sign on behalf of the
persons entitled to participate in the distribution any contract necessary or desirable for giving effect thereto and such appointment
shall be effective and binding upon the Members.

<u>Subscription Rights Reserve</u>

146. The following provisions shall have effect to the extent that they are not prohibited by and are in compliance with the Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If, so long as any of the rights attached to any warrants issued by the Company to subscribe for shares of the Company shall remain
exercisable, the Company does any act or engages in any transaction which, as a result of any adjustments to the subscription price in
accordance with the provisions of the conditions of the warrants, would reduce the subscription price to below the par value of a share,
then the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as from the date of such act or transaction the Company shall establish and thereafter (subject as provided in this Article 146)
maintain in accordance with the provisions of this Article 146 a reserve (the "Subscription Rights Reserve") the amount
of which shall at no time be less than the sum which for the time being would be required to be capitalised and applied in paying up in
full the nominal amount of the additional shares required to be issued and allotted credited as fully paid pursuant to sub-paragraph (c) below
on the exercise in full of all the subscription rights outstanding and shall apply the Subscription Rights Reserve in paying up such additional
shares in full as and when the same are allotted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Subscription Rights Reserve shall not be used for any purpose other than that specified above unless all other reserves of the
Company (other than share premium account) have been extinguished and will then only be used to make good losses of the Company if and
so far as is required by the Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) upon the exercise of all or any of the subscription rights represented by any warrant, the relevant subscription rights shall be exercisable
in respect of a nominal amount of shares equal to the amount in cash which the holder of such warrant is required to pay on exercise of
the subscription rights represented thereby (or, as the case may be the relevant portion thereof in the event of a partial exercise of
the subscription rights) and, in addition, there shall be allotted in respect of such subscription rights to the exercising warrantholder,
credited as fully paid, such additional nominal amount of shares as is equal to the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the said amount in cash which the holder of such warrant is required to pay on exercise of the subscription rights represented thereby
(or, as the case may be, the relevant portion thereof in the event of a partial exercise of the subscription rights); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the nominal amount of shares in respect of which such subscription rights would have been exercisable having regard to the provisions
of the conditions of the warrants, had it been possible for such subscription rights to represent the right to subscribe for shares at
less than par and immediately upon such exercise so much of the sum standing to the credit of the Subscription Rights Reserve as is required
to pay up in full such additional nominal amount of shares shall be capitalised and applied in paying up in full such additional nominal
amount of shares which shall forthwith be allotted credited as fully paid to the exercising warrantholders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if, upon the exercise of the subscription rights represented by any warrant, the amount standing to the credit of the Subscription
Rights Reserve is not sufficient to pay up in full such additional nominal amount of shares equal to such difference as aforesaid to which
the exercising warrantholder is entitled, the Board shall apply any profits or reserves then or thereafter becoming available (including,
to the extent permitted by the Act, share premium account) for such purpose until such additional nominal amount of shares is paid up
and allotted as aforesaid and until then no dividend or other distribution shall be paid or made on the fully paid shares of the Company
then in issue. Pending such payment and allotment, the exercising warrantholder shall be issued by the Company with a certificate evidencing
his right to the allotment of such additional nominal amount of shares. The rights represented by any such certificate shall be in registered
form and shall be transferable in whole or in part in units of one share in the like manner as the shares for the time being are transferable,
and the Company shall make such arrangements in relation to the maintenance of a register therefor and other matters in relation thereto
as the Board may think fit and adequate particulars thereof shall be made known to each relevant exercising warrantholder upon the issue
of such certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Shares allotted pursuant to the provisions of this Article shall rank *pari passu* in all respects with the other shares
allotted on the relevant exercise of the subscription rights represented by the warrant concerned. Notwithstanding anything contained
in paragraph (1) of this Article, no fraction of any share shall be allotted on exercise of the subscription rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The provision of this Article as to the establishment and maintenance of the Subscription Rights Reserve shall not be altered
or added to in any way which would vary or abrogate, or which would have the effect of varying or abrogating the provisions for the benefit
of any warrantholder or class of warrantholders under this Article without the sanction of a special resolution of such warrantholders
or class of warrantholders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) A certificate or report by the auditors for the time being of the Company as to whether or not the Subscription Rights Reserve is
required to be established and maintained and if so the amount thereof so required to be established and maintained, as to the purposes
for which the Subscription Rights Reserve has been used, as to the extent to which it has been used to make good losses of the Company,
as to the additional nominal amount of shares required to be allotted to exercising warrantholders credited as fully paid, and as to any
other matter concerning the Subscription Rights Reserve shall (in the absence of manifest error) be conclusive and binding upon the Company
and all warrantholders and shareholders.

<u>Accounting Records</u>

147. The Board shall cause true accounts to be kept of the sums of money received and expended by the Company, and the matters in respect
of which such receipt and expenditure take place, and of the property, assets, credits and liabilities of the Company and of all other
matters required by the Act or necessary to give a true and fair view of the Company's affairs and to explain its transactions.

148. The accounting records shall be kept at the Office or, at such other place or places as the Board decides and shall always be open
to inspection by the Directors. No Member (other than a Director) shall have any right of inspecting any accounting record or book or
document of the Company except as conferred by the Act or authorised by the Board or the Members in general meeting.

149. Subject to Article 150, a printed copy of the Directors' report, accompanied by the balance sheet and profit and loss account,
including every document required by the Act to be annexed thereto, made up to the end of the applicable financial year and containing
a summary of the assets and liabilities of the Company under convenient heads and a statement of income and expenditure, together with
a copy of the Auditors' report, shall be sent to each person entitled thereto at least ten (10) days before the date of the
general meeting and laid before the Company at the annual general meeting held in accordance with Article 56 *provided* that
this Article 150 shall not require a copy of those documents to be sent to any person whose address the Company is not aware or to
more than one of the joint holders of any shares or debentures.

150. Subject to due compliance with all applicable Statutes, rules and regulations, including, without limitation, the rules of
the Designated Stock Exchange, and to obtaining all necessary consents, if any, required thereunder, the requirements of Article 149
shall be deemed satisfied in relation to any person by sending to the person in any manner not prohibited by the Statutes, a summary financial
statement derived from the Company's annual accounts and the directors' report which shall be in the form and containing the
information required by applicable laws and regulations, *provided* that any person who is otherwise entitled to the annual financial
statements of the Company and the directors' report thereon may, if he so requires by Notice served on the Company, demand that
the Company sends to him, in addition to a summary financial statement, a complete printed copy of the Company's annual financial
statement and the directors' report thereon.

151. The requirement to send to a person referred to in Article 149 the documents referred to in that article or a summary financial
report in accordance with Article 150 shall be deemed satisfied where, in accordance with all applicable Statutes, rules and
regulations, including, without limitation, the rules of the Designated Stock Exchange, the Company publishes copies of the documents
referred to in Article 149 and, if applicable, a summary financial report complying with Article 150, on the Company's
computer network or in any other permitted manner (including by sending any form of electronic communication), and that person has agreed
or is deemed to have agreed to treat the publication or receipt of such documents in such manner as discharging the Company's obligation
to send to him a copy of such documents.

<u>Audit</u>

152. Subject to applicable law and rules of the Designated Stock Exchange, the Board may appoint an Auditor, who shall hold office
until removed from office by a resolution of the Board, to audit the accounts of the Company. Such auditor may be a Member but no Director
or officer or employee of the Company shall, during his continuance in office, be eligible to act as an auditor of the Company.

153. Subject to the Act the accounts of the Company shall be audited at least once in every year.

154. The remuneration of the Auditor shall be determined by the Audit Committee or, in the absence of such an Audit Committee, by the Board.

155. If the office of auditor becomes vacant by the resignation or death of the Auditor, or by his becoming incapable of acting by reason
of illness or other disability at a time when his services are required, the Directors shall fill the vacancy and determine the remuneration
of such Auditor.

156. The Auditor shall at all reasonable times have access to all books kept by the Company and to all accounts and vouchers relating thereto;
and he may call on the Directors or officers of the Company for any information in their possession relating to the books or affairs of
the Company.

157. The statement of income and expenditure and the balance sheet provided for by these Articles shall be examined by the Auditor and
compared by him with the books, accounts and vouchers relating thereto; and he shall make a written report thereon stating whether such
statement and balance sheet are drawn up so as to present fairly the financial position of the Company and the results of its operations
for the period under review and, in case information shall have been called for from Directors or officers of the Company, whether the
same has been furnished and has been satisfactory. The financial statements of the Company shall be audited by the Auditor in accordance
with generally accepted auditing standards. The Auditor shall make a written report thereon in accordance with generally accepted auditing
standards and the report of the Auditor shall be submitted to the Audit Committee. The generally accepted auditing standards referred
to herein may be those of a country or jurisdiction other than the Cayman Islands. If so, the financial statements and the report of the
Auditor should disclose this fact and name such country or jurisdiction.

<u>Notices</u>

158. Any Notice or document, whether or not, to be given or issued under these Articles from the Company to a Member shall be in writing
or by cable, telex or facsimile transmission message or other form of electronic transmission or communication and any such notice and
document may be served or delivered by the Company on or to any Member either personally or by sending it through the post in a prepaid
envelope addressed to such Member at his registered address as appearing in the Register or at any other address supplied by him to the
Company for the purpose or, as the case may be, by transmitting it to any such address or transmitting it to any telex or facsimile transmission
number or electronic number or address or website supplied by him to the Company for the giving of notice to him or which the person transmitting
the notice reasonably and bona fide believes at the relevant time will result in the Notice being duly received by the Member or may also
be served by advertisement in appropriate newspapers in accordance with the requirements of the Designated Stock Exchange or, to the extent
permitted by the applicable laws, by placing it on the Company's website and giving to the member a notice stating that the notice
or other document is available there (a "notice of availability"). The notice of availability may be given to the Member by
any of the means set out above. In the case of joint holders of a share all notices shall be given to that one of the joint holders whose
name stands first in the Register and notice so given shall be deemed a sufficient service on or delivery to all the joint holders.

159. Any Notice or other document:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if served or delivered by post, shall where appropriate be sent by airmail and shall be deemed to have been served or delivered on
the day following that on which the envelope containing the same, properly prepaid and addressed, is put into the post; in proving such
service or delivery it shall be sufficient to prove that the envelope or wrapper containing the notice or document was properly addressed
and put into the post and a certificate in writing signed by the Secretary or other officer of the Company or other person appointed by
the Board that the envelope or wrapper containing the notice or other document was so addressed and put into the post shall be conclusive
evidence thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if sent by electronic communication, shall be deemed to be given on the day on which it is transmitted from the server of the Company
or its agent. A notice placed on the Company's website is deemed given by the Company to a Member on the day following that on which
a notice of availability is deemed served on the Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if served or delivered in any other manner contemplated by these Articles, shall be deemed to have been served or delivered at the
time of personal service or delivery or, as the case may be, at the time of the relevant despatch or transmission; and in proving such
service or delivery a certificate in writing signed by the Secretary or other officer of the Company or other person appointed by the
Board as to the act and time of such service, delivery, despatch or transmission shall be conclusive evidence thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) may be given to a Member in the English language or such other language as may be approved by the Directors, subject to due compliance
with all applicable Statutes, rules and regulations.

160. (1) Any Notice or other document delivered or sent by post to or left at the registered address of any Member in pursuance of these
Articles shall, notwithstanding that such Member is then dead or bankrupt or that any other event has occurred, and whether or not the
Company has notice of the death or bankruptcy or other event, be deemed to have been duly served or delivered in respect of any share
registered in the name of such Member as sole or joint holder unless his name shall, at the time of the service or delivery of the notice
or document, have been removed from the Register as the holder of the share, and such service or delivery shall for all purposes be deemed
a sufficient service or delivery of such Notice or document on all persons interested (whether jointly with or as claiming through or
under him) in the share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) A notice may be given by the Company to the person entitled to a share in consequence of the death, mental disorder or bankruptcy of a Member by sending it through the post in a prepaid letter, envelope or wrapper addressed to him by name, or by the title of representative of the deceased, or trustee of the bankrupt, or by any like description, at the address, if any, supplied for the purpose by the person claiming to be so entitled, or (until such an address has been so supplied) by giving the notice in any manner in which the same might have been given if the death, mental disorder or bankruptcy had not occurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Any person who by operation of law, transfer or other means whatsoever shall become entitled to any share shall be bound by every notice in respect of such share which prior to his name and address being entered on the Register shall have been duly given to the person from whom he derives his title to such share.

<u>Signatures</u>

161. For the purposes of these Articles, a cable or telex or facsimile or electronic transmission message purporting to come from a holder
of shares or, as the case may be, a Director, or, in the case of a corporation which is a holder of shares from a director or the secretary
thereof or a duly appointed attorney or duly authorised representative thereof for it and on its behalf, shall in the absence of express
evidence to the contrary available to the person relying thereon at the relevant time be deemed to be a document or instrument in writing
signed by such holder or Director in the terms in which it is received.

<u>Winding Up</u>

162. (1) The Board shall have power in the name and on behalf of the Company to present a petition to the court for the Company to be
wound up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) A resolution that the Company be wound up by the court or be wound up voluntarily shall be a special resolution.

163. (1) Subject to any special rights, privileges or restrictions as to the distribution of available surplus assets on liquidation
for the time being attached to any class or classes of shares (i) if the Company shall be wound up and the assets available for distribution
amongst the Members of the Company shall be more than sufficient to repay the whole of the capital paid up at the commencement of the
winding up, the excess shall be distributed *pari passu* amongst such members in proportion to the amount paid up on the shares held
by them respectively and (ii) if the Company shall be wound up and the assets available for distribution amongst the Members as such
shall be insufficient to repay the whole of the paid-up capital such assets shall be distributed so that, a nearly as may be, the losses
shall be borne by the Members in proportion to the capital paid up, or which ought to have been paid up, at the commencement of the winding
up on the shares held by them respectively.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the Company shall be wound up (whether the liquidation is voluntary or by the court) the liquidator may, with the authority of a special resolution and any other sanction required by the Act, divide among the Members in specie or kind the whole or any part of the assets of the Company and whether or not the assets shall consist of properties of one kind or shall consist of properties to be divided as aforesaid of different kinds, and may for such purpose set such value as he deems fair upon any one or more class or classes of property and may determine how such division shall be carried out as between the Members or different classes of Members. The liquidator may, with the like authority, vest any part of the assets in trustees upon such trusts for the benefit of the Members as the liquidator with the like authority shall think fit, and the liquidation of the Company may be closed and the Company dissolved, but so that no contributory shall be compelled to accept any shares or other property in respect of which there is a liability.

<u>Indemnity</u>

164. (1) The Directors, Secretary and other officers for the time being of the Company and the liquidator or trustees (if any) for the
time being acting in relation to any of the affairs of the Company and everyone of them, and everyone of their heirs, executors and administrators,
shall be indemnified and secured harmless out of the assets and profits of the Company from and against all actions, costs, charges, losses,
damages and expenses which they or any of them, their or any of their heirs, executors or administrators, shall or may incur or sustain
by or by reason of any act done, concurred in or omitted in or about the execution of their duty, or supposed duty, in their respective
offices or trusts; and none of them shall be answerable for the acts, receipts, neglects or defaults of the other or others of them or
for joining in any receipts for the sake of conformity, or for any bankers or other persons with whom any moneys or effects belonging
to the Company shall or may be lodged or deposited for safe custody, or for insufficiency or deficiency of any security upon which any
moneys of or belonging to the Company shall be placed out on or invested, or for any other loss, misfortune or damage which may happen
in the execution of their respective offices or trusts, or in relation thereto, *provided* that this indemnity shall not extend to
any matter in respect of any fraud or dishonesty which may attach to any of said persons.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Each Member agrees to waive any claim or right of action he might have, whether individually or by or in the right of the Company, against any Director on account of any action taken by such Director, or the failure of such Director to take any action in the performance of his duties with or for the Company, *provided* that such waiver shall not extend to any matter in respect of any fraud or dishonesty which may attach to such Director.

<u>Amendment to Memorandum and Articles of Association<br> and Name of Company</u>

165. No Article shall be rescinded, altered or amended and no new Article shall be made until the same has been approved by a
special resolution of the Members. A special resolution shall be required to alter the provisions of the Memorandum of Association or
to change the name of the Company.

<u>Information</u>

166. No Member shall be entitled to require discovery of or any information respecting any detail of the Company's trading or any
matter which is or may be in the nature of a trade secret or secret process which may relate to the conduct of the business of the Company
and which in the opinion of the Directors it will be inexpedient in the interests of the members of the Company to communicate to the
public.

<u>Financial Year</u>

167. Unless otherwise determined by the Directors, the financial year of the Company shall end on the 31st day of December in each
year.

## Exhibit 99.2

**Exhibit 99.2**

YOUR VOTE IS IMPORTANT. PLEASE VOTE TODAY.

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| CANGO INC. | 2026 Extraordinary General<br> Meeting of Shareholders<br>June 24, 2026,<br> 09:00 A.M. Hong Kong time<br>This Proxy is Solicited On Behalf Of<br> The Board Of Directors<br>|

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Please Be Sure To Mark, Sign, Date and Return Your Proxy Card in the Envelope Provided

0 FOLD HERE • DO NOT SEPARATE • INSERT IN ENVELOPE PROVIDED 0

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|:---|:---|
| PROXY | ⌧ |
| THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" PROPOSALS 1, 2 AND 3. |  |

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|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;1. TO BE RESOLVED AS AN ORDINARY RESOLUTION THAT the authorized share capital of the Company, comprising both issued and unissued Class A ordinary shares of a par value of US$0.0001 each (the "Class A Ordinary Shares") and Class B ordinary shares of a par value of US$0.0001 each (the "Class B Ordinary Shares", and together with the Class A Ordinary Shares, the "Shares"), be consolidated (the "Share Consolidation") at a share consolidation ratio within a range of no consolidation to a maximum consolidation ratio of 10:1 and at such effective time as the Board of Directors may determine and execute in its sole discretion, within 15 days of the EGM, with such consolidated Shares having the same rights and being subject to the same restrictions (save as to par value) as the existing Shares of such class as set out in the Fifth Amended and Restated Memorandum and Articles of Association (as defined below). No fractional Shares shall be issued in connection with the Share Consolidation; in the event that a shareholder would otherwise be entitled to receive a fractional Share upon the Share Consolidation, the total number of Shares to be received by such shareholder shall be rounded down to the next whole Share and any fraction of a Share resulting from the Share Consolidation shall be cancelled and returned to the pool of authorized but unissued Shares in the capital of the Company without the payment of any consideration to the holder thereof. | FOR<br>◻<br>| AGAINST<br>◻<br>| ABSTAIN<br>◻<br>| &nbsp;&nbsp;3. TO BE RESOLVED AS AN ORDINARY RESOLUTION THAT the extraordinary general meeting be adjourned in order to allow the Company to solicit additional proxies in the event that there are insufficient proxies received at the time of the extraordinary general meeting to pass the resolutions to be proposed at the extraordinary general meeting. | FOR <br>◻<br>| AGAINST<br>◻ <br>| ABSTAIN<br>◻ <br>|
| &nbsp;&nbsp;2. TO BE RESOLVED AS A SPECIAL RESOLUTION THAT, subject to and immediately following the Share Consolidation being effected, the fifth amended and restated memorandum and articles of association of the Company (the "Fifth Amended and Restated Memorandum and Articles of Association"), substantially in the form attached as Annex A to this proxy statement, be adopted in substitution for and to the exclusion of the current amended and restated memorandum and articles of association of the Company in all respects, to reflect the Share Consolidation with effect from the effective date of the Share Consolidation. | FOR<br>◻<br>| AGAINST<br>◻ <br>| ABSTAIN <br>◻ <br>|  |  |  |  |

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Note: the full text of each resolution to be passed is set out in the proxy statement accompanying the notice of the Extraordinary General Meeting.

CONTROL NUMBER <br>

Signature ____________________________________ Signature, if held jointly ________________________________________ Date _____________ , 2026. Note: Please sign exactly as name appears hereon. When shares are held by joint owners, both should sign. When signing as attorney, executor, administrator, trustee, guardian, or corporate officer, please give title as such.

0 FOLD HERE • DO NOT SEPARATE • INSERT IN ENVELOPE PROVIDED 0

PROXY

THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS

CANGO INC.

The undersigned appoints ________________ and ________________, and each of them, as proxies, each with the power to appoint his substitute, and authorizes each of them to represent and to vote, as designated on the reverse hereof, all of the ordinary shares of Cango Inc. held of record by the undersigned at the close of business on May 8, 2026 (Eastern Daylight Time) at the Extraordinary General Meeting of Shareholders of Cango Inc. to be held on June 24, 2026, or at any adjournment thereof.

THIS PROXY WHEN PROPERLY EXECUTED WILL BE VOTED AS INDICATED. IF NO CONTRARY INDICATION IS MADE, THE PROXY WILL BE VOTED IN FAVOR OF PROPOSAL 1, PROPOSAL 2 AND PROPOSAL 3, AND IN ACCORDANCE WITH THE JUDGMENT OF THE PERSONS NAMED AS PROXY HEREIN ON ANY OTHER MATTERS THAT MAY PROPERLY COME BEFORE THE EXTRAORDINARY GENERAL MEETING. THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS.

\* A proxy need not be a shareholder of Cango Inc. A shareholder entitled to attend and vote at the Extraordinary General Meeting is entitled to appoint one or more proxies to attend and vote in his/her stead. Please insert the name of the person(s) of your own choice that you wish to be appointed proxy in the space provided, failing which the chairman of the meeting, will be appointed as your proxy.

(Continued and to be marked, dated and signed, on the other side)