# EDGAR Filing Document

**Accession Number:** 0001795589
**File Stem:** 0001104659-26-079318
**Filing Date:** 2026-6
**Character Count:** 184419
**Document Hash:** 87b91f5624e26aa208edc1fafebb73c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-079318.hdr.sgml**: 20260630

**ACCESSION NUMBER**: 0001104659-26-079318

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260630

**FILED AS OF DATE**: 20260630

**DATE AS OF CHANGE**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kingsoft Cloud Holdings Ltd
- **CENTRAL INDEX KEY:** 0001795589
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-39278
- **FILM NUMBER:** 261140433

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** BLDG D, XIAOMI SCIENCE & TECHNOLOGY PARK
- **STREET 2:** NO. 33 XIERQI MIDDLE ROAD
- **CITY:** HAIDIAN DISTRICT, BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 00000
- **BUSINESS PHONE:** 86 10 8232 5655

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** BLDG D, XIAOMI SCIENCE & TECHNOLOGY PARK
- **STREET 2:** NO. 33 XIERQI MIDDLE ROAD
- **CITY:** HAIDIAN DISTRICT, BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 00000

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN ISSUER**

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

**THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of June 2026**

**Commission file number: 001-39278**

**Kingsoft Cloud Holdings Limited**

**(Exact Name of Registrant as Specified in Its Charter)**

**Building D, Xiaomi Science and Technology Park, No. 33 Xierqi Middle Road, Haidian District**

**Beijing, 100085, the People's Republic of China**

**(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 No.** | **Description** |
| [99.1](tm2619333d1_ex99-1.htm) | [Announcement — Poll Results of the Annual General Meeting Held on June 30, 2026](tm2619333d1_ex99-1.htm) |
| [99.2](tm2619333d1_ex99-2.htm) | [The Third Amended and Restated Memorandum of Association of Kingsoft Cloud Holdings Limited](tm2619333d1_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.

---

| | | | |
|:---|:---|:---|:---|
|  | Kingsoft Cloud Holdings Limited | Kingsoft Cloud Holdings Limited | Kingsoft Cloud Holdings Limited |
| Date: June 30, 2026 | By: | /s/ Yi Li | /s/ Yi Li |
|  |  | Name: | Yi Li |
|  |  | Title: | Chief Financial Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

*Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.*

![](tm2619333d1_ex99-1img001.jpg)

**Kingsoft Cloud Holdings Limited**

**金山云控股有限公司**

*(Incorporated in the Cayman Islands with limited liability)*

**(Stock Code: 3896)**

**(Nasdaq Stock Ticker: KC)**

**POLL RESULTS OF THE ANNUAL GENERAL MEETING <br> HELD ON JUNE 30, 2026**

References is made to the circular (the "**Circular**") of Kingsoft Cloud Holdings Limited (the "**Company**") incorporating, amongst others, the notice of the annual general meeting of the Company (the "**AGM**") dated May 29, 2026. Unless otherwise defined herein, capitalized terms used in this announcement shall have the same meanings as defined in the Circular.

The Board is pleased to announce that all the resolutions proposed at the AGM were duly passed by the Shareholders by way of poll. The poll results are as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ORDINARY RESOLUTIONS** | **ORDINARY RESOLUTIONS** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** |
| **ORDINARY RESOLUTIONS** | **ORDINARY RESOLUTIONS** | **FOR** | **AGAINST** | **ABSTAIN** |
| &nbsp;&nbsp;1. | &nbsp;&nbsp;To receive and adopt the audited consolidated financial statements of the Company for the year ended December 31, 2025 and the reports of the Directors and independent auditor thereon. | 2,296,216,787 <br> (99.99%) | 61,485 <br> (0.01%) | 150286 |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;To re-elect Mr. Qu Heng as a non- executive Director. | 2,284,296,842 <br> (99.47%) | 12,088,501<br> (0.53%) | 41670 |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;To re-elect Mr. Zhang Duo as a non- executive Director | 2,289,508,523 <br> (99.70%) | 6,875,800<br> (0.30%) | 42735 |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;To re-elect Ms. Qu Jingyuan as an independent non-executive Director. | 2,277,242,819<br> (99.17%) | 19,143,724 <br> (0.83%) | 40485 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **ORDINARY RESOLUTIONS** | **ORDINARY RESOLUTIONS** | &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;**NUMBER OF VOTES CAST <br> AND PERCENTAGE (%)** | &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;**NUMBER OF VOTES CAST <br> AND PERCENTAGE (%)** | &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;**NUMBER OF VOTES CAST <br> AND PERCENTAGE (%)** |
| **ORDINARY RESOLUTIONS** | **ORDINARY RESOLUTIONS** | **FOR** | **AGAINST** | **ABSTAIN** |
| 5. | &nbsp;&nbsp;To authorize the Board to fix the remuneration of the Directors. | 2,293,818,018 <br> (99.89%) | 2,562,525<br> (0.11%) | 48105 |
| 6. | &nbsp;&nbsp;To re-appoint Ernst & Young as auditor of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the audit committee of the Board to fix their remuneration for the year ending December 31, 2026. | 2,291,243,413 <br> (99.78%) | 5,157,755 <br> (0.22%) | 26910 |
| 7. | &nbsp;&nbsp;To give a general mandate to the Directors to issue, allot and deal with additional Shares and/or ADSs, and/ or sell and/or transfer Shares out of treasury that are held as treasury shares not exceeding 20% of the total number of issued Shares (excluding any treasury shares, if any) as at the date of passing this resolution (the "**Issuance and Resale Mandate**"). | 2,165,439,958<br> (94.30%) | 130,933,730<br> (5.70%) | 45900 |
| 8. | &nbsp;&nbsp;To give a general mandate to the Directors to repurchase the Shares and/or ADSs not exceeding 10% of the total number of issued Shares (excluding any treasury shares, if any) as at the date of passing this resolution (the "**Repurchase Mandate**"). | 2,296,169,898<br> (99.99%) | 102,315<br> (0.01%) | 36285 |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <br> **ORDINARY RESOLUTIONS** | <br> **ORDINARY RESOLUTIONS** | <br> **ORDINARY RESOLUTIONS** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** |
| <br> **ORDINARY RESOLUTIONS** | <br> **ORDINARY RESOLUTIONS** | <br> **ORDINARY RESOLUTIONS** | **FOR** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**AGAINST** | **ABSTAIN** |
| &nbsp;&nbsp;9. | &nbsp;&nbsp;Conditional upon the passing of resolutions no. 7 and no. 8, to extend the Issuance and Resale Mandate granted to the Directors to issue, allot and deal with additional Shares and/ or ADSs, and/or sell and/or transfer Shares out of treasury that are held as treasury shares, in the capital of the Company by the aggregate number of the Shares and/or Shares underlying the ADSs repurchased by the Company under the Repurchase Mandate. | &nbsp;&nbsp;Conditional upon the passing of resolutions no. 7 and no. 8, to extend the Issuance and Resale Mandate granted to the Directors to issue, allot and deal with additional Shares and/ or ADSs, and/or sell and/or transfer Shares out of treasury that are held as treasury shares, in the capital of the Company by the aggregate number of the Shares and/or Shares underlying the ADSs repurchased by the Company under the Repurchase Mandate. | 2,165,809,606<br> (94.32%) | 130,538,237<br> (5.68%) | 80820 |
| &nbsp;&nbsp;10. | (1) | To approve and adopt the 2026 Share Incentive Plan. | 2,135,249,984<br> (92.98%) | 161,143,084<br> (7.02%) | 35505 |
| &nbsp;&nbsp;10. | (2) | To approve and adopt the Scheme Mandate Limit. | 2,135,238,329<br> (92.98%) | 161,132,554<br> (7.02%) | 57645 |
| &nbsp;&nbsp;10. | (3) | Conditional upon the passing of resolution no. 10(2), to approve and adopt the Service Provider Sublimit. | 2,135,207,369<br> (92.99%) | 161,081,929<br> (7.01%) | 139215 |
| &nbsp;&nbsp;11. | &nbsp;&nbsp;To approve and confirm the 2024 Xiaomi Framework Agreement and the proposed revised annual caps for the two years of 2026 and 2027 for the provision of cloud services contemplated thereunder. | &nbsp;&nbsp;To approve and confirm the 2024 Xiaomi Framework Agreement and the proposed revised annual caps for the two years of 2026 and 2027 for the provision of cloud services contemplated thereunder. | 1,829,981,448<br> (99.99%) | 203,910<br> (0.01%) | 82185 |
| &nbsp;&nbsp;12. | &nbsp;&nbsp;To approve and confirm the 2025 Xiaomi Cooperation Framework Agreement (as amended by the Supplemental Agreement) and the proposed revised annual cap and/ or proposed annual cap for the two years of 2026 and 2027 for the procurement of hardware equipment contemplated thereunder. | &nbsp;&nbsp;To approve and confirm the 2025 Xiaomi Cooperation Framework Agreement (as amended by the Supplemental Agreement) and the proposed revised annual cap and/ or proposed annual cap for the two years of 2026 and 2027 for the procurement of hardware equipment contemplated thereunder. | 1,830,011,868<br> (99.99%) | 204,870<br> (0.01%) | 50790 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| <br> **ORDINARY RESOLUTIONS** | <br> **ORDINARY RESOLUTIONS** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** | &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;**NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** |
| <br> **ORDINARY RESOLUTIONS** | <br> **ORDINARY RESOLUTIONS** | **FOR** | **AGAINST** | **ABSTAIN** |
| &nbsp;&nbsp;13. | &nbsp;&nbsp;To authorize any one executive Director (and its authorized person(s)) to (i) determine the relevant commercial terms of the 2 0 2 5 Xiaomi Cooperation Framework Agreement (as amended by the Supplemental Agreement), (ii) sign or execute other documents or supplemental agreements or deeds relating to the 2 0 2 5 Xiaomi Cooperation Framework Agreement (as amended by the Supplemental Agreement) on behalf of the Company, and (iii) do all such things and acts as he/she considers necessary or appropriate to give effect to the 2025 Xiaomi Cooperation Framework Agreement (as amended by the Supplemental Agreement) and to complete the transactions contemplated thereunder. | 1,829,820,078<br> (99.98%) | 358,410<br> (0.02%) | 89040 |
| <br> **SPECIAL RESOLUTION** | <br> **SPECIAL RESOLUTION** | **NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** | **NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** | **NUMBER OF VOTES CAST<br> AND PERCENTAGE (%)** |
| <br> **SPECIAL RESOLUTION** | <br> **SPECIAL RESOLUTION** | **FOR** | **AGAINST** | **ABSTAIN** |
| &nbsp;&nbsp;14. | &nbsp;&nbsp;To approve the amendments to the Second Amended and Restated Memorandum and Articles of Association of the Company; and to adopt the Third Amended and Restated Memorandum and Articles of Association of the Company. | 2,280,679,071<br> (99.32%) | 15,637,872<br> (0.68%) | 102585 |

---

*Notes:*

 

(a) As
 a majority of the votes were cast in favour of each of the resolutions numbered 1 to 13 above,
 such resolutions were duly passed as ordinary resolutions. As not less than three-fourths
 of the votes were cast in favour of the special resolution numbered 14 above, such resolution
 was duly passed as a special resolution.

(b) As
 of the Shares Record Date, the total number of issued Shares was 4,531,784,801 Shares; and
 there were (i) no treasury Shares held by the Company (including any treasury Shares held
 or deposited with CCASS); and (ii) no repurchased Shares which are pending cancellation and
 should be excluded from the total number of issued Shares for the purpose of the AGM.

(c) Such
 Shareholders, pursuant to the Hong Kong Listing Rules, shall and has abstained from voting
 at the AGM:

&nbsp;&nbsp;&nbsp;&nbsp;(i) For
 the resolutions numbered 1 to 14, the unvested Shares held by the share scheme trustee of
 the Company shall be required to abstain from voting, being an aggregate of 34,756,155 as
 at the Share Record Date.

&nbsp;&nbsp;&nbsp;&nbsp;(ii) For
 the resolutions numbered 11 to 13, the Shares held by Xiaomi and its associates shall also
 be required to abstain from voting, being an aggregate of 466,161,000 as at the Share Record
 Date.

To the best of the Directors' knowledge, information and belief, and save as disclosed above, there was no other Shareholder who had any material interest in any resolutions proposed at the AGM, therefore, none of other Shareholders was required to abstain from voting on any resolutions and none of the Shareholders have stated their intention in the Circular to vote against or to abstain from voting on any of the resolutions proposed at the AGM. There were no Shares entitling the holders to attend and abstain from voting in favour of any resolution at the AGM as set out in Rule 13.40 of the Hong Kong Listing Rules.

(d) Accordingly,
 the total number of Shares entitling Shareholders to attend and vote in favour of, against
 or in abstention on the resolutions numbered 1 to 10 and the resolution numbered 14 proposed
 at the AGM was 4,497,028,646 and the resolutions numbered 11 to 13 proposed at the AGM was
 4,030,867,646.

(e) The
 Company's share registrar in Hong Kong, Tricor Investor Services Limited, acted as
 the scrutineer for the vote-taking at the AGM.

(f) All
 Directors, namely Mr. Zou Tao, Mr. Qu Heng, Mr. Zhang Duo, Mr. Yu Mingto, Mr. Wang Hang and
 Ms. Qu Jingyuan attended the AGM either in person or via electronic means.

---

| |
|:---|
| By order of the Board |
| **Kingsoft Cloud Holdings Limited <br> Mr. Zou Tao** |
| Chairman of the Board, Executive Director and acting Chief Executive Officer |

---

Hong Kong, June 30, 2026

*As at the date of this announcement, the board of directors of the Company comprises Mr. Zou Tao as Chairman and executive director, Mr. Qu Heng and Mr. Zhang Duo as non-executive directors, and Mr. Yu Mingto, Mr. Wang Hang and Ms. Qu Jingyuan as independent non-executive directors.*

## Exhibit 99.2

**Exhibit 99.2**

**THE COMPANIES ACT (AS REVISED)**

**EXEMPTED COMPANY LIMITED BY SHARES**

**THE THIRD AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**Kingsoft Cloud Holdings Limited**

**金山雲控股有限公司**

(Adopted by way of special resolution passed on June 30, 2026)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The name of the Company is Kingsoft Cloud Holdings Limited（金山雲控股有限公司）.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The registered office of the Company shall be at the offices of Conyers Trust Company (Cayman) Limited,
Cricket Square, Hutchins Drive, P.O. Box 2681, Grand Cayman, KY1-1111, Cayman Islands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Subject to the following provisions of this Memorandum, the objects for which the Company is established
are unrestricted.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The share capital of the Company is US$40,000,000.00 divided into 40,000,000,000 shares of a nominal or
par value of US$0.001 each.

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

**THE COMPANIES ACT (AS REVISED)**

**COMPANY LIMITED BY SHARES**

**THE THIRD AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**Kingsoft Cloud Holdings Limited**

**金山雲控股有限公司**

(Adopted by way of special resolution passed on June 30, 2026)

**<u>INDEX</u>**

---

| | |
|:---|:---|
| **<u>SUBJECT</u>** | **<u>Article No.</u>** |
| Table A | 4 |
| Interpretation | 4-8 |
| Share Capital | 9 |
| Alteration Of Capital | 9-10 |
| Share Rights | 11 |
| Variation Of Rights | 11-12 |
| Shares | 12-13 |
| Share Certificates | 14-15 |
| Lien | 15 |
| Calls On Shares | 16-17 |
| Forfeiture Of Shares | 17-18 |
| Register Of Members | 19 |
| Record Dates | 19-20 |
| Transfer Of Shares | 20-21 |
| Transmission Of Shares | 22 |
| Untraceable Members | 22-23 |
| General Meetings | 23-25 |
| Notice Of General Meetings | 25 |
| Proceedings At General Meetings | 26-27 |
| Voting | 27-30 |
| Proxies | 30-31 |
| Corporations Acting By Representatives | 31-32 |
| No Action By Written Resolutions Of Members | 32 |
| Board Of Directors | 32-33 |
| Disqualification Of Directors | 33 |
| Executive Directors | 34 |
| Alternate Directors | 34-35 |
| Directors' Fees And Expenses | 35-36 |
| Directors' Interests | 36-38 |
| General Powers Of The Directors | 38-40 |
| Borrowing Powers | 40 |
| Proceedings Of The Directors | 41-42 |
| Audit Committee | 43 |
| Officers | 43-44 |
| Register of Directors and Officers | 44 |
| Minutes | 44 |
| Seal | 44-45 |
| Authentication Of Documents | 45 |
| Destruction Of Documents | 45-46 |
| Dividends And Other Payments | 46-50 |
| Reserves | 51 |
| Capitalisation | 51 |
| Accounting Records | 52 |
| Audit | 53 |
| Notices | 54-55 |
| Signatures | 55 |
| Winding Up | 55-56 |
| Indemnity | 57 |
| Amendment To Memorandum and Articles of Association And Name of Company | 57 |
| Information | 57 |
| Financial Year | 57 |

---

**<u>TABLE A</u>**

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

**<u>INTERPRETATION</u>**

2. (1) In 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.

---

| | |
|:---|:---|
| **<u>WORD</u>** | **<u>MEANING</u>** |
| **"Act"** | The Companies Act, Cap. 22 (Law 3 of 1961, as consolidated and revised) of the Cayman Islands. |
| **"ADSs"** | American Depositary Shares representing the Company's ordinary shares. |
| **"Articles"** | these Articles in their present form or as supplemented or amended or substituted from time to time. |
| **"Audit Committee"** | the audit committee of the Company formed by the Board pursuant to Article 125 hereof, or any successor audit committee. |
| **"Auditor"** | the independent auditor of the Company which shall be an internationally recognized firm of independent accountants. |
| **"Board"** or **"Directors"** | 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. |
| **"capital"** | the share capital from time to time of the Company. |
| **"clear days"** | 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. |
| **"clearing house"** | 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. |

---

---

| | |
|:---|:---|
| **"Communication Facilities"** | shall mean video, video-conferencing, internet or online conferencing applications, telephone or tele-conferencing and/or any other video-communication, internet or online conferencing application or telecommunications facilities by means of which all Persons participating in a meeting are capable of hearing and being heard by each other and all members' rights to speak and vote at the meeting are maintained. |
| **"Company"** | Kingsoft Cloud Holdings Limited（金山雲控股有限公司） |
| **"Companies Ordinance"** | Companies Ordinance (Cap. 622 of the Laws of Hong Kong), as amended from time to time. |
| **"competent regulatory authority"** | 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. |
| **"debenture"** and **"debenture holder"** | include debenture stock and debenture stockholder respectively. |
| **"Designated Stock Exchange"** | (i) the stock exchange in the United States of America on which any shares or ADSs are listed for trading, including but not limited to, the Nasdaq Global Select Market; and/or (ii) the Hong Kong Stock Exchange on which any Shares are listed for trading. |
| **"dollars"** and **"$"** | dollars, the legal currency of the United States of America. |
| **"Exchange Act"** | the Securities Exchange Act of 1934, as amended. |
| **"head office"** | such office of the Company as the Directors may from time to time determine to be the principal office of the Company. |
| **"Hong Kong Listing Rules"** | the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited. |
| **"Hong Kong Stock Exchange"** | means The Stock Exchange of Hong Kong Limited. |
| **"HKSCC"** | the Hong Kong Securities Clearing Company Limited including, where the context so requires, its agents, nominees, representatives, officers and employees. |

---

---

| | |
|:---|:---|
| **"Member"** | a duly registered holder from time to time of the shares in the capital of the Company. |
| **"Memorandum of Association"** | the memorandum of association of the Company, as amended from time to time. |
| **"month"** | a calendar month. |
| **"Nasdaq"** | the Nasdaq Global Select Market. |
| **"Notice"** | written notice unless otherwise specifically stated and as further defined in these Articles. |
| **"Office"** | the registered office of the Company for the time being. |
| **"ordinary resolution"** | a resolution shall be an ordinary resolution when it has been 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 an annual general meeting of which not less twenty-one (21) clear days' Notice and other general meetings of which not less than fourteen (14) clear days' Notice in writing has been duly given. |
| **"paid up"** | paid up or credited as paid up. |
| **"Person"** | shall mean any natural person, firm, company, joint venture, partnership, corporation, association or other entity (whether or not having a separate legal personality) or any of them as the context so requires. |
| **"Present"** | shall mean, in respect of any Person, such Person's presence at a general meeting of members, which may be satisfied by means of such Person or, if a corporation or other non-natural Person, its duly authorised representative (or, in the case of any member, a proxy which has been validly appointed by such member in accordance with these Articles), being: (a) physically present at the meeting; or (b) in the case of any meeting at which Communication Facilities are permitted in accordance with these Articles, including any Virtual Meeting, connected by means of the use of such Communication Facilities. |
| **"Register"** | 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. |

---

---

| | |
|:---|:---|
| **"Registration Office"** | 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. |
| **"SEC"** | the United States Securities and Exchange Commission. |
| **"Securities Act"** | similar federal statute and the rules and regulations of the SEC thereunder as the same shall be in effect from time to time. |
| **"Seal"** | 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. |
| **"Secretary"** | 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. |
| **"shares"** | ordinary shares of par value US$0.001 each. |
| **"special resolution"** | shall have the same meaning as ascribed thereto in the Act and for the purpose of these Articles, the requisite majority shall be not less than three-fourths of the votes of such Members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy or, in the case of corporations, by their duly authorized representatives, at a general meeting of which notice specifying the intention to propose the resolution as a special resolution has been duly given. In computing the majority on a poll regard shall be had to the number of votes to which each Member is entitled by the Articles. |
| **"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. |
| **"Virtual Meeting"** | shall mean any general meeting of the members at which the members and any other permitted participants of such meeting (including, without limitation, the Chairman of such meeting and any Directors) are permitted to attend and participate solely by means of the Communication Facilities. |
| **"year"** | a calendar year. |

---

&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;&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;&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;&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;&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;&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;&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;&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;&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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Section 8 of the Electronic Transaction Act (As 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; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) references to "in the ordinary course of business" and comparable expressions mean the ordinary
and usual course of business of the relevant party, consistent in all material respects (including nature and scope) with the prior practice
of such party.

**<u>SHARE CAPITAL</u>**

3. (1) The share capital of the Company at the date on which these Articles come into effect shall be divided into ordinary shares of a par
value of US$0.001 each.

&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, the Company shall have the power to purchase
or otherwise acquire its own shares and such power shall be exercisable by the Board in such manner, upon such terms and subject to such
conditions as it in its absolute discretion thinks fits and any determination by the Board of the manner of purchase shall be deemed authorized
by these Articles for purposes of the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Company is authorised to hold treasury shares in accordance with the Act and may designate as treasury
shares any of its shares that it purchases or redeems, or any share surrendered to it subject to the rules of the Designated Stock
Exchange and/or any competent regulatory authority. Shares held by the Company as treasury shares shall continue to be classified as treasury
shares until such shares are either cancelled or transferred as the Board may determine on such terms and subject to such conditions as
it in its absolute discretion thinks fits in accordance with the Act subject to the rules of the Designated Stock Exchange and/or
any competent regulatory authority.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Company may accept the surrender for no consideration of any fully paid share unless, as a result
of such surrender, there would no longer be any issued shares of the Company other than shares held as treasury shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No share shall be issued to bearer.

**<u>ALTERATION OF CAPITAL</u>**

4. Subject to the rules of the Designated Stock Exchange and/or any competent regulatory authority,
the Company may from time to time by ordinary resolution:

&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 13, 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. For the avoidance of doubt, subject
 to the rules of the Designated Stock Exchange and/or any competent regulatory authority,
 (i) where a class of shares has been authorized by the Company no resolution of the
 Company in general meeting is required for the issuance of shares of that class and the Directors
 may issue shares of that class, and (ii) 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.

5. The Board
 may settle as it considers expedient any difficulty which arises in relation to any consolidation
 and division under the 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
 any person 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 or other undistributable
 reserve in any manner permitted by law and the rules of the Designated Stock Exchange.

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. 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 14 hereof, any share in a class
 of shares authorized by the Company (whether forming part of the present capital or not)
 may be issued.

9. Subject
 to the Act, any preferred shares may be issued or converted into shares that, at a determinable
 date or at the option of the Company or the holder if so authorised by its Memorandum of
 Association, are to be redeemed or, are liable to be redeemed on such terms and in such manner
 as the Directors before the issue or conversion may in their absolute discretion 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.

10. The
 share capital of the Company shall be divided into shares of a single class the holders of
 which shall, subject to these Articles:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled to one vote per share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) be
 entitled to such dividends as the Board may from time to time declare;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the event of a winding up or dissolution of the Company, whether voluntary or involuntary
 or for the purpose of a reorganisation or otherwise or upon any distribution of capital,
 be entitled to the surplus assets of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) generally,
 be entitled to enjoy all of the rights attaching to shares.

**<u>VARIATION OF RIGHTS</u>**

11. Subject
 to the Act and without prejudice to Article 8, all or any of the rights that may be
 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) 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 in nominal
 value or par value of the issued shares of that class (but so that if at any adjourned meeting
 of such holders a quorum as above defined is not Present, those Members who are Present shall
 form a quorum);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) 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;(c) any
 holder of shares of the class Present may demand a poll.

12. 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>**

13. (1) Subject
 to the Act, these Articles and, where applicable, the rules of the Designated Stock
 Exchange and any applicable rules and regulations of authorities of places where the
 securities of the Company are listed, and on the conditions that (a) no new class of
 shares with voting rights superior to those of the shares will be created; and (b) any
 variations in the relative rights as between the different classes will not result in the
 creation of new class of shares with voting rights superior to those of the shares, 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 the 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.

&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;(3) Subject
 to the Act, these Articles and, where applicable, the rules of the Designated Stock
 Exchange and any applicable rules and regulations of authorities of places where the
 securities of the Company are listed, 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.

14. 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.

15. Except
 as required by law, 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 law) any other rights in respect of any share except an absolute right to the entirety
 thereof in the registered holder.

16. 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 holder, 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>**

17. Every
 share certificate shall be issued under the Seal or a facsimile thereof or with the Seal
 printed thereon 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 Directors 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.

18. (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;(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.

19. The Company
 is not obliged to issue a share certificate to a Member unless the Member requests it in
 writing from the Company. 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 first of such reasonable
 out-of-pocket expenses as the Board from time to time determines.

20. 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.

21. (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 shall 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 21. If any of the shares included in the certificate so given
 up shall be retained by the transferor a new certificate for the balance shall 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;(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.

22. 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>**

23. The Company
 shall have a first and paramount lien on every share (not being 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 (not being
 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 period for 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 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 23.

24. 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 in writing, 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.

25. 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>**

26. 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.

27. 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.

28. 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.

29. 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.

30. 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.

31. 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.

32. 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.

33. 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.

34. 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 (1) 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>**

35. (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;&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;&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;(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.

36. 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.

37. 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.

38. 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.

39. 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 shall determine.
 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 39 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.

40. 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.

41. 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.

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

43. 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>**

44. (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;&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;&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;&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;(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.

45. 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 requirements of the Designated Stock Exchange or by
 any electronic means in such manner as may be accepted by the Designated Stock Exchange to
 that effect, 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. Any Register held in Hong Kong shall during normal business hours (subject
 to such reasonable restrictions as the Board may impose) be open for inspection by a Member
 without charge and such other person on payment of a fee of such amount not exceeding the
 maximum amount as may from time to time be permitted under the Hong Kong Listing Rules as
 the Board may determine for each inspection, provided that the Company may be permitted to
 close the register in terms equivalent to section 632 of the Companies Ordinance.

**<u>RECORD DATES</u>**

46. 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 express consent to corporate action in writing
 without a meeting, 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 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>**

47. Subject
 to these Articles, 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 on behalf of it (or any successor thereto) or by such other manner of
 execution as the Board may approve from time to time.

48. 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, which is consistent with any standard
 form of transfer as prescribed by the Designated Stock Exchange, to do so. Without prejudice
 to Article 47, 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.

49. (1) The
 Board may, in its absolute discretion, and without giving any reason therefor, refuse to
 register a transfer of any share (not being 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 (not being a fully paid up share) on which
 the Company has a lien.

&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 shareholder requesting such transfer shall bear the cost of effecting
 the transfer unless the Board otherwise determines.

&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.

50. Without
 limiting the generality of the Article 49, 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.

51. If the
 Board refuses to register a transfer of any share, it shall, within two 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.

52. 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>**

53. 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.

54. 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.

55. 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 76(2) being
 met, such a person may vote at meetings.

**<u>UNTRACEABLE MEMBERS</u>**

56. (1) Without
 prejudice to the rights of the Company under paragraph (2) of this Article 56,
 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;(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;&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 in respect
 of them sent during the relevant period in the manner authorised by the Articles of the Company
 have remained uncashed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&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
 (3) 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;(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 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>**

57. The Company
 shall hold a general meeting as its annual general meeting in each financial year, within
 a period of not more than six months after the end of its financial year (or such longer
 period as The Stock Exchange of Hong Kong Limited may authorise), 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.

58. 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.

59. A majority
 of the Board or the Chairman of the Board may call extraordinary general meetings, which
 extraordinary general meetings shall be held at such times and locations (as permitted hereby)
 as such person or persons shall determine. Any one or more Members holding not less than
 ten per cent (10%) of the votes attaching to the total issued and paid up share capital of
 the Company on a one vote per share basis at the date of deposit of the requisition, to require
 an extraordinary general meeting to be convened or add resolutions to a meeting agenda; and
 such meeting shall be held within two (2) months after the deposit of such requisition.
 If within twenty one (21) days of such deposit the Board fails to proceed to convene such
 meeting the requisitionist(s) himself (themselves) may do so in the same manner, and
 all reasonable expenses incurred by the requisitionist(s) as a result of the failure
 of the Board shall be reimbursed to the requisitionist(s) by the Company.

---

| | | |
|:---|:---|:---|
| 59A. | (A) | The Directors may make Communication Facilities available for a specific general meeting or all general meetings of the Company so that Members and other participants may attend and participate at such general meetings by means of such Communication Facilities. Without limiting the generality of the foregoing, the Directors may determine that any general meeting may be held as a Virtual Meeting. The Persons' participation in such a meeting shall constitute presence at such meetings and shall be counted in the quorum of the meeting and entitled to vote at the meeting shall be duly constituted and its proceedings valid provided that the Chairman is satisfied that adequate Communication Facilities are available throughout the meeting to ensure that Members are able to participate in the business for which the meeting has been convened. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B) Where
 Members participating in a meeting by means of Communication Facilities, a failure (for any
 reason) of the Communication Facilities or communication equipment, the inability of one
 or more Members or proxies to access, or continue to access, the Communication Facilities
 despite adequate Communication Facilities having been made available by the Company, shall
 not affect the validity of the meeting or the resolutions passed, or any business conducted
 there or any action taken pursuant to such business provided that there is a quorum present
 throughout the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C) If
 it appears to the Chairman that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Communication
 Facilities being made available by the Company become inadequate or are otherwise not sufficient
 to allow the meeting to be conducted substantially in accordance with the provisions set
 out in the notice of the meeting at these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) it
 is not possible to ascertain the view of those Present or to give all Persons entitled to
 do so a reasonable opportunity to speak, communicate and/or vote at the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) there
 is violence or the threat of violence, unruly behaviour or other disruption occurring at
 the meeting or it is not possible to secure the proper and orderly conduct of the meeting;

then, without prejudice to any other power which the Chairman may have under these Articles or at common law, the Chairman may, at his/her discretion, without the consent of the meeting, and before or after the meeting has started and irrespective of whether a quorum is present, interrupt or adjourn the meeting (including adjournment for an indefinite period). All business conducted at the meeting up to the time of such adjournment shall be valid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D) All
 Persons seeking to attend and participate in a meeting by means of Communication Facilities
 shall be responsible for maintaining adequate facilities to enable them to do so. Subject
 to Article 59A.(C), any inability of a Person or Persons to attend or participate in
 a general meeting by way of Communication Facilities shall not invalidate the proceedings
 of and/or resolutions passed at that meeting.

**<u>NOTICE OF GENERAL MEETINGS</u>**

60. (1) An
 annual general meeting shall be called by not less than twenty-one (21) days' Notice
 and any other general meeting (including an extraordinary general meeting) shall be called
 by not less than fourteen (14) days' Notice in writing. 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;&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;&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 and Present 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;(2) The notice shall specify
 the time and place (which in the case of a Virtual Meeting, includes a virtual place) of
 the meeting and, in case of special business, 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.

61. 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>**

62. (1) All
 business shall be deemed special that is transacted at an extraordinary general meeting,
 and also all business that is transacted at an annual general meeting, with the exception
 of:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 declaration and sanctioning of dividends;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) consideration
 and adoption of the accounts and balance sheet and the reports of the Directors and Auditors
 and other documents required to be annexed to the balance sheet; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 election of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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,
 two (2) Members entitled to vote and Present by its duly authorised representative representing
 not less than one-third in nominal value of the total issued voting shares in the Company
 throughout the meeting shall form a quorum for all purposes.

63. 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
 (which in the case of a Virtual Meeting, includes a virtual place) or to such time and place
 (which in the case of a Virtual Meeting, includes a virtual 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.

64. The Chairman
 of the Board shall preside as chairman at every general meeting. If at any meeting the chairman
 is not Present within fifteen 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 and entitled to
 vote shall elect one of their number to be chairman.

65. 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 (which in the case of a Virtual Meeting,
 includes a virtual 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.

66. 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>VOTING</u>**

67. Subject
 to any rights or restrictions attached to any shares, at any general meeting (a) every
 Member Present shall have the right to speak; (b) on a show of hands every Member Present
 in any such manner shall have one vote; and (c) on a poll every Member Present in any
 such manner shall have one vote for every Share of which they are the holder, except where
 the Member is required, by the Hong Kong Listing Rules, to abstain from voting to approve
 the matter under consideration. 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 every Member Present shall have one vote and on a poll
 every Member Present shall have one vote for every fully paid share of which he is the holder
 but so that 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. 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 voting by way of a poll is required by the rules of the Designated Stock
 Exchange or (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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by
 the chairman of such meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 at least three Members Present for the time being entitled to vote at the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) by
 a Member or Members Present and representing not less than one tenth of the total voting
 rights of all Members having the right to vote at the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) by
 a Member or Members Present and holding shares in the Company conferring a right to vote
 at the meeting being shares on which an aggregate sum has been paid up equal to not less
 than one tenth of the total sum paid up on all shares conferring that right; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) if
 required by the rules of the Designated Stock Exchange, by any Director or Directors
 who, individually or collectively, hold proxies in respect of shares representing five per
 cent. (5%) or more of the total voting rights at such 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.

68. 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.

69. 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. The Company shall only be required to disclose the
 voting figures on a poll if such disclosure is required by the rules of the Designated
 Stock Exchange.

70. 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 or by electronic voting) and either forthwith or at such
 time (being not later than thirty (30) days after the date of the demand) and place (which
 in the case of a Virtual Meeting, includes a virtual 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.

71. 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.

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

73. 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.

74. All questions
 submitted to a meeting shall be decided by a simple majority of votes 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.

75. Where
 there are joint holders of any share any one of such joint holders 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 holder 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.

76. (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;(2) Any
 person entitled under Article 54 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.

77. 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. Where the Company
 has knowledge that any Member is, under the Hong Kong Listing Rules, required to abstain
 from voting on any particular resolution or restricted to voting only for or only against
 any particular resolution, any votes cast by or on behalf of such Member in contravention
 of such requirement or restriction shall not be counted.

78. 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>**

79. Any Member
 entitled to attend and vote at a meeting of the Company shall be entitled to appoint another
 person as his proxy to attend and vote instead of him and a proxy so appointed shall have
 the same right as the Member to speak at the meeting. 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.

80. 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.

81. 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.

82. 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.

83. 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.

84. 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>**

85. (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;(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 a 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;(3) HKSCC
 must be entitled to appoint proxies or corporate representatives to attend the Company's
 general meetings and creditors meetings and those proxies or corporate representatives must
 enjoy rights equivalent to the rights of other Members, including the right to speak and
 vote. Where the Act prohibits HKSCC from appointing proxies or corporate representatives
 enjoying the rights described by this article, the Company must make the necessary arrangements
 with HKSCC to ensure that Hong Kong investors holding shares through HKSCC enjoy the right
 to vote, attend (in person or by proxy) and speak at general meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) 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>NO ACTION BY WRITTEN RESOLUTIONS OF MEMBERS</u>**

86. 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.

**<u>BOARD OF DIRECTORS</u>**

87. (1) Unless otherwise determined by the Company in general meeting, the number of Directors shall not be less than two (2). There shall be
no maximum number of Directors unless otherwise determined from time to time by the Board. 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 thereafter in accordance with Article 87
and 88 and shall hold office until the expiration of his term or until their successors are elected or appointed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subject
 to the Articles and the Act, the Company 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;(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.
 Any Director so appointed by the Board shall hold office only until the next following annual
 general meeting of the Company and shall then be eligible for re-election.

&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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) A
 Director (including a managing or other executive director) may be removed by way of an ordinary
 resolution of the Members at any time before the expiration of his term 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;(6) A

 (5) above may be filled by the election or appointment by ordinary resolution of the
 Members at the meeting at which such Director is removed or by the affirmative vote of a
 simple majority of the remaining Directors present and voting at a Board meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) The
 Company 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 two
 (2).

**<u>DISQUALIFICATION OF DIRECTORS</u>**

88. 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 in writing 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 three consecutive
 meetings and the Board resolves that his office be vacated;

&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>**

89. 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 91 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.

90. Notwithstanding Articles 95, 96, 97 and 98, an executive director appointed to an office under Article 89
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>**

91. 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.

92. 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.

93. 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 absent from the People's
Republic of China or otherwise 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.

94. 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>**

95. The Directors shall receive such remuneration as the Board may from time to time determine. Each Director
shall be entitled to be repaid or prepaid all traveling, 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 debenture of the Company or otherwise in connection with the discharge of his duties as a Director.

96. 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.

97. 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>**

98. 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 a 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 non-executive director, who shall serve as "Independent Director" as defined in the applicable 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 without the consent of the Audit Committee 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.

99. 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 whatsoever, 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 103 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 by the applicable rules of the Designated Stock Exchange or under applicable laws, shall require the
approval of the Audit Committee.

100. 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.

101. 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>**

102. (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 Company in 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 Company in general meeting, but no regulations made by the Company in 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;(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
one Director 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;(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;&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;&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; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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.

103. 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.

104. 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.

105. 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.

106. 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.

107. (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;(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>**

108. 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.

109. 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.

110. 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 Company, appointment of Directors and otherwise.

111. (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;(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>**

112. 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.

113. 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 president or chairman, as the case may be, or any
Director.

114. (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 two (2) of the Board. 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;(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;(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.

115. 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.

116. 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.

117. 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.

118. (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;(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.

119. 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.

120. A resolution in writing signed by all the Directors except such as are temporarily unable to act through
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.

121. 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>AUDIT COMMITTEE</u>**

122. 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.

123. 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.

124. 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 in accordance with the audit committee charter.

**<u>OFFICERS</u>**

125. (1) The officers of the Company shall consist of the Chairman of the Board, the Directors and Secretary 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;(2) The Directors shall, as soon as may be after each appointment or election of Directors, elect amongst
the Directors a Chairman and if more than one Director is proposed for this office, the election to such office shall take place in such
manner as the Directors may determine.

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

126. (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;(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.

127. 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.

128. 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>**

129. 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>**

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&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>**

131. (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 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 131 shall be deemed to be sealed and executed with the authority of the Board previously
given.

&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>**

132. 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 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>**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&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;&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;&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;&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 133 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 133 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 133 to the destruction of any document include references to its disposal in any manner.

&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 133 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>**

134. Subject to the Act, the Board may from time to time declare dividends in any currency to be paid to the
Members.

135. 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.

136. 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.

137. 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 provided that the Board acts bona fide 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 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.

138. 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.

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

140. 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.

141. 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.

142. 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.

143. (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;&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;&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;&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;&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;&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) 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;&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;&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;&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;&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;&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 lieu 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) 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;(2) (a) The shares allotted pursuant to the provisions of paragraph (1) of this Article 144 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 144 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;(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 144, 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;(3) The Board may determine and resolve in respect of any one particular dividend of the Company that notwithstanding
the provisions of paragraph (1) of this Article 144 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;(4) The Board may on any occasion determine that rights of election and the allotment of shares under paragraph
(1) of this Article 144 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;(5) Any resolution declaring a dividend on shares of any class by the Board, 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>**

144. (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;(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>**

145. 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 146, 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.

146. The Board may settle, as it considers appropriate, any difficulty arising in regard to any distribution
under the Article 145 and in particular may issue certificates in respect of fractions of shares or 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>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 law or authorised by the Board or the Company 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 law 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 57
provided that this Article 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 summarised financial statements 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 in
writing served on the Company, demand that the Company sends to him, in addition to a summarised financial statements, 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 Company shall at every
annual general meeting by ordinary resolution appoint an Auditor of the Company who shall hold office until the next annual general meeting
of the Company. The Company may by ordinary resolution remove an Auditor before the expiration of such Auditor's term of office. No person
may be appointed as an Auditor unless such person is independent of the Company. The remuneration of the Auditors shall be fixed by the
Company at the annual general meeting at which they are appointed by ordinary resolution. Subject to the Act the accounts of the Company
shall be audited at least once in every year.

153. 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.

154. 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.

155. 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>**

156. 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.

157. 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.

158. (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;(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;(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>**

159. 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>**

160. (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;(2) Subject to the Act, the Company may by special resolution resolve that the Company be wound up voluntarily.

161. (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 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;(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>**

162. (1) The Directors, Secretary and other officers for the time being of the Company (but not including the Company's auditors) 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;(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</u>**  **<u>AND NAME OF COMPANY</u>**

163. 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>**

164. 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>**

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