# EDGAR Filing Document

**Accession Number:** 0001872302
**File Stem:** 0001213900-25-116950
**Filing Date:** 2025-12
**Character Count:** 158335
**Document Hash:** 7c4c42cbc470b0458571affa76067c46
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-25-116950.hdr.sgml**: 20251202

**ACCESSION NUMBER**: 0001213900-25-116950

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 5

**CONFORMED PERIOD OF REPORT**: 20251202

**FILED AS OF DATE**: 20251202

**DATE AS OF CHANGE**: 20251202

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Nano Labs Ltd
- **CENTRAL INDEX KEY:** 0001872302
- **STANDARD INDUSTRIAL CLASSIFICATION:** SEMICONDUCTORS & RELATED DEVICES [3674]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41426
- **FILM NUMBER:** 251541599

**BUSINESS ADDRESS:**
- **STREET 1:** 30 FLOOR, DICARA SILVER CENTER
- **STREET 2:** NO.29 JIEFANG EAST RD, JIANGGAN DISTRICT
- **CITY:** HANGZHOU
- **STATE:** F4
- **ZIP:** 310000
- **BUSINESS PHONE:** 8615968976786

**MAIL ADDRESS:**
- **STREET 1:** 30 FLOOR, DICARA SILVER CENTER
- **STREET 2:** NO.29 JIEFANG EAST RD, JIANGGAN DISTRICT
- **CITY:** HANGZHOU
- **STATE:** F4
- **ZIP:** 310000

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

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

**THE SECURITIES EXCHANGE ACT OF 1934**

For the month of December 2025

Commission File Number: 001-41426

**Nano Labs Ltd**

(Exact name of registrant as specified in its charter)

China Yuangu Hanggang Technology Building

509 Qianjiang Road, Shangcheng District,

Hangzhou, Zhejiang, 310000

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 of Form 20-F or Form 40-F.

Form 20-F ☒ Form 40-F ☐

**EXPLANATORY NOTE**

The document attached as exhibit 99.1 to this Form 6-K is hereby incorporated by reference into the registrant's Registration Statements on (1) [Form F-3](http://www.sec.gov/Archives/edgar/data/1872302/000119312523212289/d466253df3.htm) initially filed with the U.S. Securities and Exchange Commission (the "Commission") on August 14, 2023 (Registration No. 333-273968), (2) [Form F-3](http://www.sec.gov/Archives/edgar/data/1872302/000121390025062186/ea0248074-f3_nano.htm), as amended, initially filed with the Commission on July 9, 2025 (Registration No. 333-288573), (3) [Form F-3](http://www.sec.gov/Archives/edgar/data/1872302/000121390025071307/ea0250751-f3_nano.htm), as amended, initially filed with the Commission on August 4, 2025 (Registration No. 333-289211), and (4) [post-effective amendment No. 3 to Form F-1 on Form F-3](http://www.sec.gov/Archives/edgar/data/1872302/000121390025092637/ea0204760-10.htm), as amended, filed with the Commission on September 29, 2025 (Registration No. 333-278977), and shall be a part thereof from the date on which this current report is furnished, to the extent not superseded by documents or reports subsequently filed or furnished.

**SIGNATURES**

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

---

| | | |
|:---|:---|:---|
|  | **Nano Labs Ltd** | **Nano Labs Ltd** |
| Date: December 2, 2025 | By: | /s/ Jianping Kong |
|  | Name: | Jianping Kong |
|  | Title: | Chairman and Chief Executive Officer |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **<u>Exhibit No.</u>** | **<u>Description</u>** |
| 99.1 | [Press Release](ea026639201ex99-1_nano.htm) |
| 99.2 | [Notice of Annual General Meeting of Shareholders](ea026639201ex99-2_nano.htm) |
| 99.3 | [Form of proxy for shareholders](ea026639201ex99-3_nano.htm) |

---

## Exhibit 99.1

**Exhibit 99.1**

**Nano Labs Announces Annual General Meeting**

HONG KONG, December 2, 2025 (GLOBE NEWSWIRE) -- Nano Labs Ltd (Nasdaq: NA) ("we," the "Company" or "Nano Labs"), a leading Web 3.0 infrastructure and product solution provider, today announced that it will hold its 2025 Annual General Meeting of Shareholders (the "2025 Annual Meeting") at 10 A.M. on December 30, 2025, Beijing time (9 P.M. on December 29, 2025, U.S. Eastern time) in 12F, China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, 310000, People's Republic of China. The Company has established the close of business on December 4, 2025, Eastern time (the "Record Date"), as the record date for determining shareholders entitled to notice of, and to vote at, the 2025 Annual Meeting and any adjournments or postponements thereof. The purpose of the 2025 Annual Meeting is:

&nbsp;&nbsp;&nbsp;&nbsp;(1) to authorize (a) a share consolidation of every ten shares with a par value of US$0.002 each in the
 Company's issued and unissued share capital into one share with a par value of US$0.02 (the "Share
 Consolidation") and (b) following the Share Consolidation,
the re-designation of (i) 0.9 Undesignated Shares with a par value of US$0.02 each of such classes or classes (however designated) (the
"Undesignated Shares") as Class A ordinary shares with a par value of US$0.02 each ("Class A Ordinary Shares")
and (ii) 0.1 Undesignated Shares as Class B ordinary shares with a par value of US$0.02 each (the "Class B Ordinary Shares")
(the "Share Re-designation") , subject to the condition that the closing price of the Company's ordinary shares falls below US$1.00
 per share for a consecutive period of 30 trading days (or such other period as the board may determine) and the effective date shall
 be within one year from the date of this resolution, assume that the Share Consolidation and the Share Re-designation become
 effective immediately, the authorized share capital of the Company shall be US$4,200,000 divided into 210,000,000 shares of
 par value of US$0.02 each, comprising (i) 109,714,110 Class A ordinary shares of a par value of US$0.02 each, (ii) 285,891 Class B
 ordinary shares of a par value of US$0.02 each, and (iii) 99,999,999 shares of a par value of US$0.02 each of such class or classes
 (however designated) as the board of directors of the Company (the "Directors") may determine.

&nbsp;&nbsp;&nbsp;&nbsp;(2) to authorize a share sub-division of every one (1) share with a par value of US$0.002 each in the
 Company's issued and unissued share capital into ten (10) shares with a par value of US$0.0002 each (the "Share
 Sub-division"), subject to the condition that the closing price of the Company's ordinary shares exceed US$100.00 per share for a consecutive period
of 30 trading days (or such other period as the board may determine) and the effective date shall be within one year from the date of
this resolution, assume that the Share Sub-division become effective immediately, the authorized share capital of the Company
 shall be US$4,200,000 divided into 21,000,000,000 shares of par value of US$0.0002 each, comprising (i) 10,971,410,910 Class A
 ordinary shares of a par value of US$0.0002 each, (ii) 28,589,090 Class B ordinary shares of a par value of US$0.0002 each, and
 (iii)10,000,000,000 shares of a par value of US$0.0002 each of such class or classes (however designated) as the Directors may determine.

&nbsp;&nbsp;&nbsp;&nbsp;(3) to effect the increase in the votes per Class B ordinary share
from 30 to 50 (the "Class B Shares Vote Increase").

&nbsp;&nbsp;&nbsp;&nbsp;(4) to amend and restate the Company's fifth amended and restated memorandum and articles of
 association currently in effect (the "Current M&A") by the adoption of the sixth amended and restated memorandum and articles of association
 to reflect the Class B Shares Vote Increase (after the amendment, the "New M&A"); and

&nbsp;&nbsp;&nbsp;&nbsp;(5) to approve the appointment of MaloneBailey, LLP as the Company's
independent registered public accounting firm for the fiscal year ending December 31, 2025.

Copies of the notice of the 2025 Annual Meeting and the form of proxy are available on the Company's corporate investor relations website at https://ir.nano.cn.

**About Nano Labs Ltd**

Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider. Nano Labs is committed to the development of high throughput computing ("HTC") chips and high-performance computing ("HPC") chips. Nano Labs has built a comprehensive flow processing unit ("FPU") architecture which offers solution that integrates the features of both HTC and HPC. In addition, Nano Labs has actively positioned itself in the crypto assets space, adopting BNB as its primary reserve asset. It has reserved in mainstream cryptocurrencies including BNB and BTC, and established an integrated platform covering multiple business verticals, including HTC solutions and HPC solutions\*. For more information, please visit the Company's website at: ir.nano.cn.

\* According to an industry report prepared by Frost & Sullivan.

**Forward-Looking Statements**

This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company's plan to appeal the Staff's determination, which can be identified by terminology such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "potential," "continue," "is/are likely to" or other similar expressions. Such statements are based upon management's current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.

**Investor Contact:**

**Nano Labs Ltd**<br> Email: ir@nano.cn

**Ascent Investor Relations LLC**

Tina Xiao<br> Phone: +1-646-932-7242<br> Email: investors@ascent-ir.com

## Exhibit 99.2

**Exhibit 99.2**

**Nano Labs Ltd**

(Incorporated in the Cayman Islands with limited liability)

(Nasdaq: NA)

**NOTICE OF ANNUAL GENERAL MEETING OF SHAREHOLDERS**

To Be Held on December 30, 2025, Beijing Time

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

Notice is hereby given the annual general meeting of shareholders (the "**AGM**") of Nano Labs Ltd (the "**Company**") will be held at 10 A.M. on December 30, 2025, Beijing time (9 P.M. on December 29, 2025, U.S. Eastern time) in 12F, China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, 310000, People's Republic of China, for the purpose of considering and, if thought fit, passing and approving the following resolution(s):

**<u>Proposal 1: Share Consolidation</u>**

By ordinary resolution that

&nbsp;&nbsp;&nbsp;&nbsp;(i) with
 effect from a date to be determined by the board of directors (the "**Board**") within one year from the
 date of this resolution, but only if the closing price of the Company's ordinary shares falls
 below US$1.00 per share for a consecutive period of 30 trading days (or such other period
 as the Board may determine):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) every
 ten (10) shares with a par value of US$0.002 each in the Company's issued and unissued
 share capital be and are hereby consolidated into one (1) share (each a "Consolidated
 Share") with a par value of US$0.02 (the "Share Consolidation") and such
 Consolidated Shares shall rank pari passu in all respects with each other and have the rights
 and privileges and be subject to the restrictions as contained in the fifth amended and restated
 memorandum and articles of association of the Company currently in effect (the "Current
 M&A"),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;b) in order to eliminate the fractions of shares in the Company's
authorized share capital, immediately following the Share Consolidation, the authorized share capital of the Company be varied by the
re-designation of (a) 0.9 shares of a par value of US$0.02 each of such class or classes (however designated) (the "Undesignated
Shares") as Class A ordinary shares of par value of US$0.02 each ("Class A Ordinary Shares") and (b) 0.1 Undesignated
Shares as Class B ordinary shares of par value of US$0.02 each (the "Class B Ordinary Shares") (the "Share Re-designation")

Assume that the Share Consolidation and Share Re-designation become effective immediately, the authorized share capital of the Company shall be changed

FROM US$4,200,000 divided into 2,100,000,000 shares of a par value of US$0.002 each comprising (i) 1,097,141,091 Class A Ordinary Shares of a par value of US$0.002 each, (ii) 2,858,909 Class B Ordinary Shares of a par value of US$0.002 each, and (iii) 1,000,000,000 shares of a par value of US$0.002 each of such class or classes (however designated) as the Board may determine in accordance with the Current M&A

TO US$4,200,000 divided into 210,000,000 shares of a par value of US$0.02 each, comprising (i) 109,714,110 Class A ordinary shares of a par value of US$0.02 each, (ii) 285,891 Class B ordinary shares of a par value of US$0.02 each, and (iii) 99,999,999 shares of a par value of US$0.02 each of such class or classes (however designated) as the Board may determine in accordance with the Current M&A;

&nbsp;&nbsp;&nbsp;&nbsp;(ii) where
 the number of issued Consolidated Shares of any class held by any shareholder after and as
 a result of the Share Consolidation is not a whole number, the Company shall issue to that
 shareholder an additional fraction of one Consolidated Share of the same class (credited
 as fully paid by way of capitalization out of the share premium of the Company) which shall
 result in the number of Consolidated Shares of such class which are held by such shareholder
 being rounded up to the next whole number of Consolidated Shares of such class;

&nbsp;&nbsp;&nbsp;&nbsp;(iii) any
 one or more directors of the Company (the "**Directors**") be and is/are hereby authorized to do all such acts
 and things and execute all such documents, which are ancillary to the Share Consolidation
 and Share Re-designation and of administrative nature, on behalf of the Company, including under seal where applicable,
 as he/they consider necessary, desirable or expedient to give effect to the foregoing arrangements
 for the Share Consolidation and Share Re-designation;

&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 Company's registered office provider be instructed to make all necessary filings with
 the Registry of Companies in the Cayman Islands in connection with the Share Consolidation and Share Re-designation;
 and

&nbsp;&nbsp;&nbsp;&nbsp;(v) the
 Company's share registrar and/or transfer agent be instructed to update the register
 of members of the Company and that upon the surrender to the Company of the existing share
 certificates (if any) that they be cancelled and that any Director be instructed to prepare,
 sign, seal and deliver on behalf of the Company new share certificates accordingly.

**<u>Proposal 2: Share Sub-division</u>**

By ordinary resolution that

&nbsp;&nbsp;&nbsp;&nbsp;(i) with
 effect from a date to be determined by the Board within one year from the date
 of this resolution, but only if the closing price of the Company's ordinary shares
 on the primary stock exchange exceeds US$100.00 per share for a consecutive period of 30
 trading days (or such other period as the Board may determine):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;a) every
 one (1) share with a par value of US$0.002 each in the Company's issued and unissued
 share capital be and is hereby sub-divided into ten (10) shares (each a "Sub-divided
 Share") with a par value of US$0.0002 each (the "Share Sub-division") and such Sub-divided Shares shall rank pari passu
 in all respects with each other and have the rights and privileges and be subject to the
 restrictions as contained in the Current M&A,

Assume that the Share Sub-division become effective immediately, the authorized share capital of the Company shall be changed

FROM US$4,200,000 divided into 2,100,000,000 shares of par value of US$0.002 each, comprising (i) 1,097,141,091 Class A Ordinary Shares of a par value of US$0.002 each, (ii) 2,858,909 Class B Ordinary Shares of a par value of US$0.002 each, and (iii) 1,000,000,000 shares of a par value of US$0.002 each of such class or classes (however designated) as the Board may determine in accordance with the Current M&A

TO US$4,200,000 divided into 21,000,000,000 shares of a par value of US$0.0002 each comprising (i) 10,971,410,910 Class A Ordinary Shares of a par value of US$0.0002 each, (ii) 28,589,090 Class B Ordinary Shares of a par value of US$0.0002 each, and (iii) 10,000,000,000 shares of a par value of US$0.0002 each of such class or classes (however designated) as the Board may determine in accordance with the Current M&A;

&nbsp;&nbsp;&nbsp;&nbsp;(ii) any
 one or more Directors be and is/are hereby authorized to do all such acts
 and things and execute all such documents, which are ancillary to the Share Sub-division
 and of administrative nature, on behalf of the Company, including under seal where applicable,
 as he/they consider necessary, desirable or expedient to give effect to the foregoing arrangements
 for the Share Sub-division;

&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 Company's registered office provider be instructed to make all necessary filings with
 the Registry of Companies in the Cayman Islands in connection with the Share Sub-division; and

&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 Company's share registrar and/or transfer agent be instructed to update the register
 of members of the Company and that upon the surrender to the Company of the existing share
 certificates (if any) that they be cancelled and that any Director be instructed to prepare,
 sign, seal and deliver on behalf of the Company new share certificates accordingly.

**<u>Proposal 3: Class B Shares Vote Increase</u>**

By special resolution that,

the increase in the votes per Class B ordinary share of the Company from 30 to 50 (the "Class B Shares Vote Increase"), with effect from the date of the special resolution be approved.

Any one or more Directors be and is/are hereby authorized to do all such acts and things and execute all such documents, which are ancillary to the Class B Shares Vote Increase and of administrative nature, on behalf of the Company, including under seal where applicable, as he/they consider necessary, desirable or expedient to give effect to the foregoing arrangements for the Class B Shares Vote Increase.

The Company's registered office provider be instructed to make all necessary filings with the Registrar of Companies in the Cayman Islands in connection with the Class B Shares Vote Increase.

**<u>Proposal 4: Adoption of The Sixth Amended and Restated Memorandum and Articles of Association</u>**

By special resolution that,

the current fifth amended and restated memorandum and articles of association of the Company be amended and restated by the deletion in their entirety and the substitution in their place of the sixth amended and restated memorandum and articles of association (the "New M&A"), annexed as **<u>Annex A</u>** hereto to, among others, reflect the Class B Shares Vote Increase.

By ordinary resolution that,

the New M&A and these resolutions be filed with the Registrar of Companies in the Cayman Islands.

**<u>Proposal 5: Appointment of MaloneBailey, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025</u>**

By ordinary resolution that MaloneBailey, LLP be appointed as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.

---

| |
|:---|
| By order of the Board |
| /s/ Jianping Kong |
| Chairman |
| Dated: December 2, 2025 |

---

Registered Office:

c/o Maples Corporate Services Limited

PO Box 309, Ugland House

Grand Cayman

KY1-1104, Cayman Islands

**NOTES**

**IF YOU HAVE EXECUTED A STANDING PROXY, YOUR STANDING PROXY WILL BE VOTED AS INDICATED IN NOTE 2 BELOW, UNLESS YOU ATTEND THE AGM IN PERSON OR SEND IN A SPECIFIC PROXY.**

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| | |
|:---|:---|
| 1 | A proxy need not be a shareholder of the Company. A shareholder entitled to attend and vote at the AGM is entitled to appoint one or more proxies to attend and vote in his/her stead. |

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| | |
|:---|:---|
| 2 | Any standing proxy previously deposited by a shareholder with the Company will be voted in favor of the resolutions to be proposed at the AGM unless revoked prior to the AGM or the shareholder attends the AGM in person or executes a specific proxy. |

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|:---|:---|
| 3 | A form of proxy for use at the AGM is enclosed. Whether or not you propose to attend the AGM in person, you are strongly advised to complete and sign the enclosed form of proxy in accordance with the instructions printed on it and then deposit it (together with any power of attorney or other authority under which it is signed or a notarially certified copy of that power or authority) in 12F, China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, 310000, People's Republic of China, Attention: Jianping Kong, or send copies of the foregoing by email to zhanglu@nano.cn marked for the attention of Proxy Operation, as soon as possible and in any event not later than the close of business on December 26, 2025, Beijing time, for the holding of the AGM or adjourned AGM in accordance with the Articles of Association of the Company. Returning the completed form of proxy will not preclude you from attending the AGM and voting in person if you so wish. |

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| | |
|:---|:---|
| 4 | If two or more persons are jointly registered as holders of a share, the vote of the senior person who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of other joint holders. For this purpose seniority shall be determined by the order in which the names stand on the Company's register of shareholders in respect of the relevant shares. |

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| | |
|:---|:---|
| 5 | A shareholder holding more than one share as of the Record Date (as defined below) entitled to attend and vote at the AGM need not cast the votes in respect of such shares in the same way on any resolution and therefore may vote a share or some or all such shares either for or against a resolution and/or abstain from voting a share or some or all of the shares and, subject to the terms of the instrument appointing any proxy, a proxy appointed under one or more instruments may vote a share or some or all of the shares in respect of which he is appointed either for or against a resolution and/or abstain from voting. |

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| | |
|:---|:---|
| 6 | One or more holders of shares which carry in aggregate not less than one-third of all votes attaching to shares in issue and entitled to vote at the AGM, present in person or by proxy or, if a corporate or other non-natural person, by its duly authorized representative, shall constitute a quorum. |

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| | |
|:---|:---|
| 7 | In accordance with Article 68 of the Articles of Association of the Company, the chairperson, if any, of the Board of Directors shall preside as chairperson at every general meeting of the Company. The current chairperson of the Company is Jianping Kong, thus he shall preside as the chairman of the AGM. |

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| | |
|:---|:---|
| 8 | In accordance with Article 161 of the Articles of Association of the Company, the Company has established the close of business on December 4, 2025, Eastern time (the "Record Date"), as the record date for determining shareholders entitled to notice of, and to vote at, the AGM and any adjournments or postponements thereof. |

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**<u>Annex A</u>**

**New M&A**

**THE COMPANIES ACT (AS REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

FIFTH<u>SIXTH</u> AMENDED AND RESTATED

**MEMORANDUM AND ARTICLES OF ASSOCIATION**

**OF**

**NANO LABS LTD**

**(ADOPTED BY <u>A</u> SPECIAL RESOLUTIONS<u>RESOLUTION</u> DATED 7 MARCH 2025**

<u>**30 DECEMBER**</u> **AND EFFECTIVE ON 7 MARCH 2025)**

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| | |
|:---|:---|
|  | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

---

**THE COMPANIES ACT (AS REVISED) OF**

**THE CAYMAN ISLANDS COMPANY**

**LIMITED BY SHARES**

**FIFTH** **<u>SIXTH</u> AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**NANO LABS LTD**

(adopted by a Special Resolution passed on 7 March 2025 and effective on 7 March<u>dated 30 December</u> 2025)

1. The name of the Company is Nano Labs Ltd.

2. The Registered Office of the Company will be situated at the offices
 of Maples Corporate Services Limited, PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands,
 or at such other location within the Cayman Islands as the Directors may from time to time determine.

3. The objects for which the Company is established are unrestricted and
 the Company shall have full power and authority to carry out any object not prohibited by the Companies
 Act or any other law of the Cayman Islands.

4. 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
 the Companies Act.

5. The Company will 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 section 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.

6. The liability of each Shareholder is limited to the amount, if any,
 unpaid on the Shares held by such Shareholder.

7. The authorised share capital of the Company is US$4,200,000 dividing into 2,100,000,000 shares with <u>of</u> a par value of US$0.002 each, comprising 1,097,141,091 Class A ordinary shares, 2,858,909 Class B ordinary shares, and 1,000,000,000 shares
of a par value of US$0.002 each of such class or classes (however designated) as the board of directors may determine in accordance with
Article 9 of the Articles. Subject to the Companies Act and the Articles, the Company shall have power to redeem or purchase any of its
Shares and to increase or reduce its authorised share capital and to sub-divide or consolidate the said Shares or any of them and to issue
all or any part of its capital whether original, redeemed, increased or reduced with or without any preference, priority, special privilege
or other rights or subject to any postponement of rights or to any conditions or restrictions whatsoever and so that unless the conditions
of issue shall otherwise expressly provide every issue of shares whether stated to be ordinary, preference or otherwise shall be subject
to the powers on the part of the Company hereinbefore provided.

8. The Company has the power contained in the Companies Act to deregister
 in the Cayman Islands and be registered by way of continuation in some other jurisdiction.

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

---

| | |
|:---|:---|
|  | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

---

**THE COMPANIES ACT (AS REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**FIFTH** **<u>SIXTH</u> AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**NANO LABS LTD**

(adopted by a Special Resolution passed on 7 March 2025 and effective on 7 March<u>dated 30 December</u> 2025)

**TABLE A**

The regulations contained or incorporated in Table 'A' in the First Schedule of the Companies Act shall not apply to the Company and the following Articles shall comprise the Articles of Association of the Company.

**INTERPRETATION**

1. In these Articles the following defined terms will have the meanings
 ascribed to them, if not inconsistent with the subject or context:

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| | |
|:---|:---|
| **"ADS"** | means an American Depositary Share representing Class A Ordinary Shares; |
| **"Affiliate"** | means in respect of a Person, any other Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person, and (i) in the case of a natural person, shall include, without limitation, such person's spouse, parents, children, siblings, mother-in-law, father-in-law, brothers-in-law and sisters-in-law, a trust for the benefit of any of the foregoing, and a corporation, partnership or any other entity wholly or jointly owned by any of the foregoing, and (ii) in the case of an entity, shall include a partnership, a corporation or any other entity or any natural person which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such entity. The term "control" shall mean the ownership, directly or indirectly, of shares possessing more than fifty per cent (50%) of the voting power of the corporation, partnership or other entity (other than, in the case of a corporation, securities having such power only by reason of the happening of a contingency), or having the power to control the management or elect a majority of members to the board of directors or equivalent decision-making body of such corporation, partnership or other entity; |

---

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|:---|:---|
| 1 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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| | |
|:---|:---|
| **"Articles"** | means these articles of association of the Company, as amended or substituted from time to time; |
| **"Board" and "Board of Directors" and "Directors"** | means the directors of the Company for the time being, or as the case may be, the directors assembled as a board or as a committee thereof; |
| **"Chairperson"** | means the chairperson of the Board of Directors; |
| **"Class" or "Classes"** | means any class or classes of Shares as may from time to time be issued by the Company; |
| **"Class A Ordinary Share"** | means an Ordinary Share of a par value of US$0.002 in the capital of the Company, designated as a Class A Ordinary Shares and having the rights provided for in these Articles; |
| **"Class B Ordinary Share"** | means an Ordinary Share of a par value of US$0.002 in the capital of the Company, designated as a Class B Ordinary Share and having the rights provided for in these Articles; |
| **" Commission"** | means the Securities and Exchange Commission of the United States of America or any other federal agency for the time being administering the Securities Act; |
| **"Communication Facilities"** | means video, video-conferencing, internet or online conferencing applications, telephone or tele- conferencing and/or any other video-communications, internet or online conferencing application or telecommunications facilities by means of which all Persons participating in a meeting are capable of hearing and being heard by each other; |
| **"Company"** | means Nano Labs Ltd, a Cayman Islands exempted company; |
| **"Companies Act"** | means the Companies Act (As Revised) of the Cayman Islands and any statutory amendment or re- enactment thereof; |
| **"Company's Website"** | means the main corporate/investor relations website of the Company, the address or domain name of which has been disclosed in any registration statement filed by the Company with the Commission in connection with its initial public offering of ADSs, or which has otherwise been notified to Shareholders; |
| **"Designated Person"** | means Mr. Jianping Kong and Mr. Qifeng Sun. |

---

---

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|:---|:---|
| 2 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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---

| | |
|:---|:---|
| **"Designated Stock Exchange"** | means the stock exchange in the United States on which any Shares and ADSs are listed for trading; |
| **"Designated Stock Exchange Rules"** | means the relevant code, rules and regulations, as amended, from time to time, applicable as a result of the original and continued listing of any Shares or ADSs on the Designated Stock Exchange; |
| **" electronic"** | has the meaning given to it in the Electronic Transactions Act and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefor; |
| **"electronic communication"** | means electronic posting to the Company's Website, transmission to any number, address or internet website or other electronic delivery methods as otherwise decided and approved by not less than two-thirds of the vote of the Board; |
| **"Electronic Transactions Act"** | means the Electronic Transactions Act (As Revised) of the Cayman Islands and any statutory amendment or <br> re-enactment thereof; |
| **"electronic record"** | has the meaning given to it in the Electronic Transactions Act and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefor; |
| **"Memorandum of Association"** | means the memorandum of association of the Company, as amended or substituted from time to time; |
| **"Ordinary Resolution"** | means a resolution: |

---

(a) passed by a simple majority of
 the votes cast by such Shareholders 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 authorised representatives,
 at a general meeting of the Company held in accordance with these Articles; or

(b) approved in writing by all of the
 Shareholders entitled to vote at a general meeting of the Company in one or more instruments
 each signed by one or more of the Shareholders and the effective date of the resolution so
 adopted shall be the date on which the instrument, or the last of such instruments, if more
 than one, is executed;

---

| | |
|:---|:---|
| **"Ordinary Share"** | means a Class A Ordinary Share or a Class B Ordinary Share; |
| **"paid up"** | means paid up as to the par value in respect of the issue of any Shares and includes credited as paid up; |

---

---

| | |
|:---|:---|
| 3 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

---

---

| | |
|:---|:---|
| **"Person"** | means 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"** | means, in respect of any Person, such Person's presence at a general meeting of Shareholders (or any meeting of the holders of any Class of Shares), which may be satisfied by means of such Person or, if a corporation or other non-natural Person, its duly authorized representative (or, in the case of any Shareholder, a proxy which has been validly appointed by such Shareholder 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"** | means the register of Members of the Company maintained in accordance with the Companies Act; |
| **"Registered Office"** | means the registered office of the Company as required by the Companies Act; |
| **"Seal"** | means the common seal of the Company (if adopted) including any facsimile thereof; |
| **"Secretary"** | means any Person appointed by the Directors to perform any of the duties of the secretary of the Company; |
| **"Securities Act"** | means the Securities Act of 1933 of the United States of America, as amended, or any similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time; |
| **"Share"** | means a share in the capital of the Company. All references to "Shares" herein shall be deemed to be Shares of any or all Classes as the context may require. For the avoidance of doubt in these Articles the expression "Share" shall include a fraction of a Share; |
| **"Shareholder" or "Member"** | means a Person who is registered as the holder of one or more Shares in the Register; |
| **"Share Premium Account"** | means the share premium account established in accordance with these Articles and the Companies Act; |
| **"signed"** | means bearing a signature or representation of a signature affixed by mechanical means or an electronic symbol or process attached to or logically associated with an electronic communication and executed or adopted by a Person with the intent to sign the electronic communication; |

---

---

| | |
|:---|:---|
| 4 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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---

| | |
|:---|:---|
| **"Special Resolution"** | means a special resolution of the Company passed in accordance with the Companies Act, being a resolution: |

---

(a) passed by not less than two-thirds
 of the votes cast by such Shareholders 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 authorised representatives,
 at a general meeting of the Company of which notice specifying the intention to propose the
 resolution as a special resolution has been duly given; or

(b) approved in writing by all of the
 Shareholders entitled to vote at a general meeting of the Company in one or more instruments
 each signed by one or more of the Shareholders and the effective date of the special resolution
 so adopted shall be the date on which the instrument or the last of such instruments, if
 more than one, is executed;

---

| | |
|:---|:---|
| **"Treasury Share"** | means a Share held in the name of the Company as a treasury share in accordance with the Companies Act; |
| **"United States"** | means the United States of America, its territories, its possessions and all areas subject to its jurisdiction; and |
| **"Virtual Meeting"** | means any general meeting of the Shareholders (or any meeting of the holders of any Class of Shares) at which the Shareholders (and any other permitted participants of such meeting, including without limitation the chairperson of the meeting and any Directors) are permitted to attend and participate solely by means of Communication Facilities. |

---

2. In these Articles, save where the context requires otherwise:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words importing the masculine gender
 only shall include the feminine gender and any Person as the context may require;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the word "may" shall
 be construed as permissive and the word "shall" shall be construed as imperative;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) reference to a dollar or dollars (or
 US$) and to a cent or cents is reference to dollars and cents of the United States of America;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) reference to a statutory enactment
 shall include reference to any amendment or re-enactment thereof for the time being in force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) reference to any determination by
 the Directors shall be construed as a determination by the Directors in their sole and absolute
 discretion and shall be applicable either generally or in any particular case;

---

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|:---|:---|
| 5 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) reference
 to "in writing" shall be construed as written or represented by any means reproducible
 in writing, including any form of print, lithograph, email, facsimile, photograph or telex
 or represented by any other substitute or format for storage or transmission for writing
 including in the form of an electronic record or partly one and partly another;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) any requirements as to delivery under
 the Articles include delivery in the form of an electronic record or an electronic communication;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any requirements as to execution or
 signature under the Articles, including the execution of the Articles themselves, can be
 satisfied in the form of an electronic signature as defined in the Electronic Transaction
 Act; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) Sections 8 and 19(3) of the Electronic
 Transactions Act shall not apply.

3. Subject
 to the last two preceding Articles, any words defined in the Companies Act shall, if not
 inconsistent with the subject or context, bear the same meaning in these Articles.

**PRELIMINARY**

4. The business of the Company may be
 conducted as the Directors see fit.

5. The Registered
 Office shall be at such address in the Cayman Islands as the Directors may from time to time
 determine. The Company may in addition establish and maintain such other offices and places
 of business and agencies in such places as the Directors may from time to time determine.

6. The expenses incurred in the formation
 of the Company and in connection with the offer for subscription and issue of Shares shall
 be paid by the Company. Such expenses may be amortised over such period as the Directors
 may determine and the amount so paid shall be charged against income and/or capital in the
 accounts of the Company as the Directors shall determine.

7. The Directors shall keep, or cause to be
 kept, the Register at such place as the Directors may from time to time determine and, in the absence
 of any such determination, the Register shall be kept at the Registered Office.

**SHARES**

8. Subject to these Articles, all Shares for
 the time being unissued shall be under the control of the Directors who may, in their absolute discretion
 and without the approval of the Members, cause the Company to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue, allot and dispose of Shares
 (including, without limitation, preferred shares) (whether in certificated form or non- certificated
 form) to such Persons, in such manner, on such terms and having such rights and being subject
 to such restrictions as they may from time to time determine;

---

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| 6 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) grant rights over Shares or other
 securities to be issued in one or more classes or series as they deem necessary or appropriate
 and determine the designations, powers, preferences, privileges and other rights attaching
 to such Shares or securities, including dividend rights, voting rights, conversion rights,
 terms of redemption and liquidation preferences, any or all of which may be greater than
 the powers, preferences, privileges and rights associated with the then issued and outstanding
 Shares, at such times and on such other terms as they think proper; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) grant options with respect to Shares
 and issue warrants or similar instruments with respect thereto.

9. The Directors may authorise the division of Shares into any number
 of Classes and the different Classes shall be authorised, established and designated (or re-designated
 as the case may be) and the variations in the relative rights (including, without limitation, voting,
 dividend and redemption rights), restrictions, preferences, privileges and payment obligations as between
 the different Classes (if any) may be fixed and determined by the Directors or by an Ordinary Resolution.
 The Directors may issue Shares with such preferred or other rights, all or any of which may be greater
 than the rights of Ordinary Shares, at such time and on such terms as they may think appropriate. Notwithstanding
 Article 17, the Directors may issue from time to time, out of the authorised share capital of the Company
 (other than the authorised but unissued Ordinary Shares), series of preferred shares in their absolute
 discretion and without approval of the Members; provided, however, before any preferred shares of any
 such series are issued, the Directors shall by resolution of Directors determine, with respect to any
 series of preferred shares, the terms and rights of that series, including:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the designation of such series, the
 number of preferred shares to constitute such series and the subscription price thereof if
 different from the par value thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether the preferred shares of
 such series shall have voting rights, in addition to any voting rights provided by law, and,
 if so, the terms of such voting rights, which may be general or limited;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the dividends,
 if any, payable on such series, whether any such dividends shall be cumulative, and, if so,
 from what dates, the conditions and dates upon which such dividends shall be payable, and
 the preference or relation which such dividends shall bear to the dividends payable on any
 shares of any other class or any other series of shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) whether the preferred shares of such
 series shall be subject to redemption by the Company, and, if so, the times, prices and other
 conditions of such redemption;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) whether the preferred shares of such
 series shall have any rights to receive any part of the assets available for distribution
 amongst the Members upon the liquidation of the Company, and, if so, the terms of such liquidation
 preference, and the relation which such liquidation preference shall bear to the entitlements
 of the holders of shares of any other class or any other series of shares;

---

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|:---|:---|
| 7 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) whether the preferred shares of such
 series shall be subject to the operation of a retirement or sinking fund and, if so, the
 extent to and manner in which any such retirement or sinking fund shall be applied to the
 purchase or redemption of the preferred shares of such series for retirement or other corporate
 purposes and the terms and provisions relative to the operation thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) whether
 the preferred shares of such series shall be convertible into, or exchangeable for, shares
 of any other class or any other series of preferred shares or any other securities and, if
 so, the price or prices or the rate or rates of conversion or exchange and the method, if
 any, of adjusting the same, and any other terms and conditions of conversion or exchange;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) the limitations and restrictions,
 if any, to be effective while any preferred shares of such series are outstanding upon the
 payment of dividends or the making of other distributions on, and upon the purchase, redemption
 or other acquisition by the Company of, the existing shares or shares of any other class
 of shares or any other series of preferred shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the conditions or restrictions, if
 any, upon the creation of indebtedness of the Company or upon the issue of any additional
 shares, including additional shares of such series or of any other class of shares or any
 other series of preferred shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) any other powers, preferences and
 relative, participating, optional and other special rights, and any qualifications, limitations
 and restrictions thereof;

and, for such purposes, the Directors may reserve an appropriate number of Shares for the time being unissued. The Company shall not issue Shares to bearer.

10. The Company may insofar as may be permitted by law, pay a commission
 to any Person in consideration of his subscribing or agreeing to subscribe whether absolutely or conditionally
 for any Shares. Such commissions may be satisfied by the payment of cash or the lodgement of fully or
 partly paid-up Shares or partly in one way and partly in the other. The Company may also pay such brokerage
 as may be lawful on any issue of Shares.

11. The Directors may refuse to accept any application for Shares, and
 may accept any application in whole or in part, for any reason or for no reason.

**CLASS A ORDINARY SHARES AND CLASS B ORDINARY SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. Holders of Class A Ordinary Shares and Class B Ordinary Shares shall at all times vote together as one class on all
resolutions submitted to a vote by the Members. Each Class A Ordinary Share shall entitle the holder thereof to one (1) vote on all matters
subject to vote at general meetings of the Company, and each Class B Ordinary Share shall entitle the holder thereof to thirty <u>fifty</u> (30 <u>50</u>) votes on all
matters subject to vote at general meetings of the Company.

---

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|:---|:---|
| 8 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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13. Each Class B Ordinary Share is convertible into one (1) Class A Ordinary
 Share at any time at the option of the holder thereof. The right to convert shall be exercisable by
 the holder of the Class B Ordinary Share delivering a written notice to the Company that such holder
 elects to convert a specified number of Class B Ordinary Shares into Class A Ordinary Shares. In no
 event shall Class A Ordinary Shares be convertible into Class B Ordinary Shares.

14. Any
 conversion of Class B Ordinary Shares into Class A Ordinary Shares pursuant to these Articles
 shall be effected by means of the re-designation of each relevant Class B Ordinary Share
 as a Class A Ordinary Share. Such conversion shall become effective (i) in the case of any
 conversion effected pursuant to Article 13, forthwith upon the receipt by the Company of
 the written notice delivered to the Company as described in Article 13 (or at such later
 date as may be specified in such notice), or (ii) in the case of any automatic conversion
 effected pursuant to Article 15, forthwith upon occurrence of the event specified in Article
 15 which triggers such automatic conversion, and the Company shall make entries in the Register
 to record the re- designation <u>re-designation</u> of the relevant Class B Ordinary Shares as Class A Ordinary Shares.

15. Upon any sale, transfer, assignment
 or disposition of any Class B Ordinary Share by a Shareholder to any person who is not the
 Designated Person or an Affiliate of the Designated Person, or upon a change of ultimate
 beneficial ownership of any Class B Ordinary Share to any Person who is not the Designated
 Person or an Affiliate of the Designated Person, such Class B Ordinary Share shall be automatically
 and immediately converted into the same number of Class A Ordinary Share. For the avoidance
 of doubt, (i) a sale, transfer, assignment or disposition shall be effective upon the Company's
 registration of such sale, transfer, assignment or disposition in its Register; and (ii)
 the creation of any pledge, charge, encumbrance or other third party right of whatever description
 on any Class B Ordinary Shares to secure a holder's contractual or legal obligations
 shall not be deemed as a sale, transfer, assignment or disposition, or a change of ultimate
 beneficial ownership, unless and until any such pledge, charge, encumbrance or other third
 party right is enforced and results in the third party holding legal title to the relevant
 Class B Ordinary Shares, in which case all the related Class B Ordinary Shares shall be automatically
 converted into the same number of Class A Ordinary Shares. For the purposes of this Article
 15, beneficial ownership shall have the meaning set forth in Rule 13d-3 under the United
 States Securities Exchange Act of 1934, as amended.

16. Save and except for voting rights and
 conversion rights as set out in Articles 12 to 15 (inclusive), the Class A Ordinary Shares and the Class
 B Ordinary Shares shall rank *pari passu* with one another and shall have the same rights, preferences,
 privileges and restrictions.

**MODIFICATION OF RIGHTS**

17. Whenever the capital of the Company is divided into different Classes the rights attached to any such Class may, subject to any rights or restrictions for the time being attached to any Class, only be materially adversely varied with the consent in writing of the holders of two-thirds of the issued Shares of that Class or with the sanction of a Special Resolution passed at a separate meeting of the holders of the Shares of that Class. To every such separate meeting all the provisions of these Articles relating to general meetings of the Company or to the proceedings thereat shall, *mutatis mutandis*, apply, except that the necessary quorum shall be one or more Persons holding or representing by proxy at least one-third in nominal or par value amount of the issued Shares of the relevant Class (but so that if at any adjourned meeting of such holders a quorum as above defined is not Present, those Shareholders who are Present shall form a quorum) and that, subject to any rights or restrictions for the time being attached to the Shares of that Class, every Shareholder of the Class shall on a poll have one vote for each Share of the Class held by him. For the purposes of this Article the Directors may treat all the Classes or any two or more Classes as forming one Class if they consider that all such Classes would be affected in the same way by the proposals under consideration, but in any other case shall treat them as separate Classes.

---

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| 9 | ![](ex99-2_001.jpg) |
|  | *Filed: 02-Apr-2025 12:14 EST* |
| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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18. The rights conferred upon the holders of the Shares of any Class issued
 with preferred or other rights shall not, subject to any rights or restrictions for the time being attached
 to the Shares of that Class, be deemed to be materially adversely varied by, inter alia, the creation,
 allotment or issue of further Shares ranking *pari passu* with or subsequent to them or the redemption
 or purchase of any Shares of any Class by the Company. The rights of the holders of Shares shall not
 be deemed to be materially adversely varied by the creation or issue of Shares with preferred or other
 rights including, without limitation, the creation of Shares with enhanced or weighted voting rights.

**CERTIFICATES**

19. Every Person whose name is entered as a Member in the Register may,
 without payment and upon its written request, request a certificate within two calendar months after
 allotment or lodgement of transfer (or within such other period as the conditions of issue shall provide)
 in the form determined by the Directors. All certificates shall specify the Share or Shares held by
 that Person, provided that in respect of a Share or Shares held jointly by several Persons the Company
 shall not be bound to issue more than one certificate, and delivery of a certificate for a Share to
 one of several joint holders shall be sufficient delivery to all. All certificates for Shares shall
 be delivered personally or sent through the post addressed to the Member entitled thereto at the Member's
 registered address as appearing in the Register.

20. Every share certificate of the Company
 shall bear such legends as may be required under applicable laws, including the Securities
 Act.

21. Any two or more certificates representing
 Shares of any one Class held by any Member may at the Member's request be cancelled
 and a single new certificate for such Shares issued in lieu on payment (if the Directors
 shall so require) of one dollar (US$1.00) or such smaller sum as the Directors shall determine.

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, subject to delivery up
 of the old certificate or (if alleged to have been lost, stolen or destroyed) compliance
 with such conditions as to evidence and indemnity and the payment of out-of-pocket expenses
 of the Company in connection with the request as the Directors may think fit.

---

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| *www.verify.gov.ky* *File#: 370157* | *Auth Code: F04571442939* |

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23. In the event that Shares are held jointly by several Persons, any
 request may be made by any one of the joint holders and if so made shall be binding on all of the joint
 holders.

**FRACTIONAL SHARES**

24. The Directors may issue fractions of a Share and, if so issued, a
 fraction of a Share shall be subject to and carry the corresponding fraction of liabilities (whether
 with respect to nominal or par value, premium, contributions, calls or otherwise), limitations, preferences,
 privileges, qualifications, restrictions, rights (including, without prejudice to the generality of
 the foregoing, voting and participation rights) and other attributes of a whole Share. If more than
 one fraction of a Share of the same Class is issued to or acquired by the same Shareholder such fractions
 shall be accumulated.

**LIEN**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. The Company has a first and paramount
 lien on every Share (whether or not fully paid) for all amounts (whether presently payable
 or not) payable at a fixed time or called in respect of that Share. The Company also has
 a first and paramount lien on every Share registered in the name of a Person indebted or
 under liability to the Company (whether he is the sole registered holder of a Share or one
 of two or more joint holders) for all amounts owing by him or his estate to the Company (whether
 or not presently payable). The Directors may at any time declare a Share to be wholly or
 in part exempt from the provisions of this Article. The Company's lien on a Share extends
 to any amount payable in respect of it, including but not limited to dividends.

26. The Company may sell, in such manner as the Directors in their absolute
 discretion think fit, any Share on which the Company has a lien, but no sale shall be made unless an
 amount in respect of which the lien exists is presently payable nor until the expiration of fourteen
 calendar days after a notice in writing, demanding payment of such part of the amount in respect of
 which the lien exists as is presently payable, has been given to the registered holder for the time
 being of the Share, or the Persons entitled thereto by reason of his death or bankruptcy.

27. For giving effect to any such sale the Directors may authorise a Person
 to transfer the Shares sold to the purchaser thereof. The purchaser shall be registered as the holder
 of the Shares comprised in any such transfer 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 in reference to the sale.

28. The proceeds of the sale after deduction of expenses, fees and commissions
 incurred by the Company shall be received by the Company and applied in payment of such part of the
 amount in respect of which the lien exists as is presently payable, and the residue shall (subject to
 a like lien for sums not presently payable as existed upon the Shares prior to the sale) be paid to
 the Person entitled to the Shares immediately prior to the sale.

---

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**CALLS ON SHARES**

29. Subject to the terms of the allotment, the Directors may from time
 to time make calls upon the Shareholders in respect of any moneys unpaid on their Shares, and each Shareholder
 shall (subject to receiving at least fourteen calendar days' notice specifying the time or times
 of payment) pay to the Company at the time or times so specified the amount called on such Shares. A
 call shall be deemed to have been made at the time when the resolution of the Directors authorising
 such call was passed.

30. The joint holders of a Share shall be jointly and severally liable
 to pay calls in respect thereof.

31. 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 upon the sum
 at the rate of eight percent per annum from the day appointed for the payment thereof to the time of
 the actual payment, but the Directors shall be at liberty to waive payment of that interest wholly or
 in part.

32. The provisions of these Articles as to the liability of joint holders
 and as to payment of interest 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 amount of the Share,
 or by way of premium, as if the same had become payable by virtue of a call duly made and notified.

33. The Directors may make arrangements with respect to the issue of partly
 paid Shares for a difference between the Shareholders, or the particular Shares, in the amount of calls
 to be paid and in the times of payment.

34. The Directors may, if they think fit, receive from any Shareholder
 willing to advance the same all or any part of the moneys uncalled and unpaid upon any partly paid Shares
 held by him, and upon all or any of the moneys so advanced may (until the same would, but for such advance,
 become presently payable) pay interest at such rate (not exceeding without the sanction of an Ordinary
 Resolution, eight percent per annum) as may be agreed upon between the Shareholder paying the sum in
 advance and the Directors. No such sum paid in advance of calls shall entitle the Member paying such
 sum to any portion of a dividend declared in respect of any period prior to the date upon which such
 sum would, but for such payment, become presently payable.

**FORFEITURE OF SHARES**

35. If a Shareholder fails to pay any call or instalment of a call in
 respect of partly paid Shares on the day appointed for payment, the Directors may, at any time thereafter
 during such time as any part of such call or instalment remains unpaid, serve a notice on him requiring
 payment of so much of the call or instalment as is unpaid, together with any interest which may have
 accrued.

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36. The notice shall name a further day (not
 earlier than the expiration of fourteen calendar days from the date of the notice) on or before which
 the payment required by the notice is to be made, and shall state that in the event of non-payment at
 or before the time appointed, the Shares in respect of which the call was made will be liable to be
 forfeited.

37. If the
 requirements of any such notice as aforesaid are not complied with, any Share in respect
 of which the notice has been given may at any time thereafter, before the payment required
 by notice has been made, be forfeited by a resolution of the Directors to that effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;38. A forfeited Share may be sold or otherwise
 disposed of on such terms and in such manner as the Directors think fit, and at any time before a
 sale or disposition the forfeiture may be cancelled on such terms as the Directors think fit.

39. A Person whose Shares have been forfeited
 shall cease to be a Shareholder in respect of the forfeited Shares, but shall, notwithstanding,
 remain liable to pay to the Company all moneys which at the date of forfeiture were payable
 by him to the Company in respect of the Shares forfeited, but his liability shall cease if
 and when the Company receives payment in full of the amount unpaid on the Shares forfeited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40. A certificate
 in writing under the hand of a Director that a Share has been duly forfeited on a date stated
 in the certificate shall be conclusive evidence of the facts in the declaration as against
 all Persons claiming to be entitled to the Share.

41. The Company may receive the consideration,
 if any, given for a Share on any sale or disposition thereof pursuant to the provisions of
 these Articles as to forfeiture and may execute a transfer of the Share in favour of the
 Person to whom the Share is sold or disposed of and that Person shall be registered as the
 holder of the Share and shall not be bound to see to the application of the purchase money,
 if any, nor shall his title to the Shares be affected by any irregularity or invalidity in
 the proceedings in reference to the disposition or sale.

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

**TRANSFER OF SHARES**

43. The instrument of transfer of any Share shall be in writing and in
 any usual or common form or such other form as the Directors may, in their absolute discretion, approve
 and be executed by or on behalf of the transferor and if in respect of a nil or partly paid up Share,
 or if so required by the Directors, shall also be executed on behalf of the transferee and shall be
 accompanied by the certificate (if any) of the Shares to which it relates and such other evidence as
 the Directors may reasonably require to show the right of the transferor to make the transfer. The transferor
 shall be deemed to remain a Shareholder until the name of the transferee is entered in the Register
 in respect of the relevant Shares.

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44. (a) The Directors may in their absolute discretion decline to register any transfer of Shares which is not
fully paid up or on which the Company has a lien.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Directors
 may also decline to register any transfer of any Share unless:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the instrument
 of transfer is in respect of only one Class of Shares;

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

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

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

45. The registration of transfers may,
 on ten calendar days' notice being given by advertisement in such one or more newspapers,
 by electronic means or by any other means in accordance with the Designated Stock Exchange
 Rules, be suspended and the Register closed at such times and for such periods as the Directors
 may, in their absolute discretion, from time to time determine, provided always that such
 registration of transfer shall not be suspended nor the Register closed for more than thirty
 calendar days in any calendar year.

46. All instruments of transfer that are registered shall be retained
 by the Company. If the Directors refuse to register a transfer of any Shares, they shall within three
 calendar months after the date on which the transfer was lodged with the Company send notice of the
 refusal to each of the transferor and the transferee.

**TRANSMISSION OF SHARES**

47. The legal personal representative of a deceased sole holder of a Share
 shall be the only Person recognised by the Company as having any title to the Share. In the case of
 a Share registered in the name of two or more holders, the survivors or survivor, or the legal personal
 representatives of the deceased survivor, shall be the only Person recognised by the Company as having
 any title to the Share.

48. Any Person becoming entitled to a Share in consequence of the death
 or bankruptcy of a Shareholder shall, upon such evidence being produced as may from time to time be
 required by the Directors, have the right either to be registered as a Shareholder in respect of the
 Share or, instead of being registered himself, to make such transfer of the Share as the deceased or
 bankrupt Person could have made; but the Directors shall, in either case, have the same right to decline
 or suspend registration as they would have had in the case of a transfer of the Share by the deceased
 or bankrupt Person before the death or bankruptcy.

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49. A Person becoming entitled to a Share by reason of the death or bankruptcy
 of a Shareholder shall be entitled to the same dividends and other advantages to which he would be entitled
 if he were the registered Shareholder, except that he shall not, before being registered as a Shareholder
 in respect of the Share, be entitled in respect of it to exercise any right conferred by membership
 in relation to meetings of the Company, provided however, that the Directors may at any time give notice
 requiring any such Person to elect either to be registered himself or to transfer the Share, and if
 the notice is not complied with within ninety calendar days, the Directors may thereafter withhold payment
 of all dividends, bonuses or other monies payable in respect of the Share until the requirements of
 the notice have been complied with.

**REGISTRATION OF EMPOWERING INSTRUMENTS**

50. The Company shall be entitled to charge a fee not exceeding one U.S.
 dollar (US$1.00) on the registration of every probate, letters of administration, certificate of death
 or marriage, power of attorney, notice in lieu of distringas, or other instrument.

**ALTERATION OF SHARE CAPITAL**

51. The Company may from time to time by Ordinary Resolution increase
 the share capital by such sum, to be divided into Shares of such Classes and amount, as the resolution
 shall prescribe.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52. The Company may by Ordinary Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase its share capital by new
 Shares of such amount as it thinks expedient;

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) cancel any Shares that, 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 share capital by the amount of the Shares so cancelled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53. The Company may by Special Resolution
 reduce its share capital and any capital redemption reserve in any manner authorised by the
 Companies Act.

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**REDEMPTION, PURCHASE AND SURRENDER OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54. Subject to the provisions of the
 Companies Act and these Articles, the Company may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue Shares that are to be redeemed
 or are liable to be redeemed at the option of the Shareholder or the Company. The redemption
 of Shares shall be effected in such manner and upon such terms as may be determined, before
 the issue of such Shares, by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) purchase its own Shares (including
 any redeemable Shares) on such terms and in such manner and terms as have been approved by
 the Board or, or are otherwise authorised by these Articles; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) make a payment in respect of the
 redemption or purchase of its own Shares in any manner permitted by the Companies Act, including
 out of capital.

55. The purchase of any Share shall not
 oblige the Company to purchase any other Share other than as may be required pursuant to
 applicable law and any other contractual obligations of the Company.

56. The holder of the Shares being purchased shall be bound to deliver
 up to the Company the certificate(s) (if any) thereof for cancellation and thereupon the Company shall
 pay to him the purchase or redemption monies or consideration in respect thereof.

57. The Directors may accept the surrender
 for no consideration of any fully paid Share.

**TREASURY SHARES**

58. The Directors may, prior to the purchase,
 redemption or surrender of any Share, determine that such Share shall be held as a Treasury
 Share.

59. The Directors may determine to cancel a Treasury Share or transfer
 a Treasury Share on such terms as they think proper (including, without limitation, for nil consideration).

**GENERAL MEETINGS**

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

61. (a) The Company may (but shall not be obliged to) in each calendar year hold a general meeting as its annual
general meeting and shall specify the meeting as such in the notices calling it. The annual general meeting shall be held at such time
and place as may be determined by the Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) At these meetings the report of the Directors (if any) shall be presented.

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62. (a) The Chairperson or a majority of the Directors (acting by a resolution of the Board) may call general meetings,
and they shall on a Shareholders' requisition forthwith proceed to convene an extraordinary general meeting of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A Shareholders' requisition
 is a requisition of Members holding at the date of deposit of the requisition Shares which
 carry in aggregate not less than one-third (1/3) of all votes attaching to all issued and
 outstanding Shares of the Company that as at the date of the deposit carry the right to vote
 at general meetings of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The requisition must state the objects
 of the meeting and must be signed by the requisitionists and deposited at the Registered
 Office, and may consist of several documents in like form each signed by one or more requisitionists.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If there are no Directors as at the
 date of the deposit of the Shareholders' requisition, or if the Directors do not within
 twenty-one (21) calendar days from the date of the deposit of the requisition duly proceed
 to convene a general meeting to be held within a further twenty-one (21) calendar days, the
 requisitionists, or any of them representing more than one-half of the total voting rights
 of all of them, may themselves convene a general meeting, but any meeting so convened shall
 not be held after the expiration of three calendar months after the expiration of the said
 twenty-one (21) calendar days.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) A general meeting convened as aforesaid
 by requisitionists shall be convened in the same manner as nearly as possible as that in
 which general meetings are to be convened by Directors.

**NOTICE OF GENERAL MEETINGS**

63. At least ten (10) calendar days'
 notice shall be given for any general meeting. Every notice shall be exclusive of the day
 on which it is given or deemed to be given and of the day for which it is given and shall
 specify the place, the day and the hour of the meeting and the general nature of the business
 and shall be given in the manner hereinafter mentioned or in such other manner if any as
 may be prescribed by the Company, provided that a general meeting of the Company shall, whether
 or not the notice specified in this Article has been given and whether or not the provisions
 of these Articles regarding general meetings have been complied with, be deemed to have been
 duly convened if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in the case of an annual general meeting,
 by all the Shareholders (or their proxies) entitled to attend and vote thereat; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of an extraordinary general
 meeting, by two-thirds (2/3rd) of the Shareholders having a right to attend and vote at the
 meeting, Present at the meeting.

64. The accidental omission to give notice
 of a meeting to or the non-receipt of a notice of a meeting by any Shareholder shall not
 invalidate the proceedings at any meeting.

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**PROCEEDINGS AT GENERAL MEETINGS**

65. No business except for the appointment of a chairperson for the meeting
 shall be transacted at any general meeting unless a quorum of Shareholders is Present at the time when
 the meeting proceeds to business. One or more Shareholders holding Shares which carry in aggregate not
 less than one-third of all votes attaching to all Shares in issue and entitled to vote at such general
 meeting, Present at the meeting, shall be a quorum for all purposes.

66. If within half an hour from the time appointed for the meeting a quorum
 is not Present, the meeting shall be dissolved.

67. If the Directors wish to make this
 facility available for a specific general meeting or all general meetings of the Company,
 attendance and participation in any general meeting of the Company may be by means of 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 notice of any general meeting
 at which Communication Facilities will be utilized (including any Virtual Meeting) must disclose
 the Communication Facilities that will be used, including the procedures to be followed by
 any Shareholder or other participant of the Meeting who wishes to utilize such Communication
 Facilities for the purposes of attending and participating in such meeting, including attending
 and casting any vote thereat.

68. The Chairperson, if any, of the Board
 of Directors shall preside as chairperson at every general meeting of the Company. If there
 is no such Chairperson of the Board of Directors, or if at any general meeting he is not
 Present within fifteen minutes after the time appointed for holding the meeting or is unwilling
 to act as chairperson of the meeting, any Director or Person nominated by the Chairperson
 (or, in the absence of such Chairperson nomination, the Directors) shall preside as chairperson
 of that meeting, failing which the Shareholders Present shall choose any Person Present to
 be chairperson of that meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69. The
 chairperson of any general meeting (including any Virtual Meeting) shall be entitled to attend
 and participate at any such general meeting by means of Communication Facilities, and to
 act as the chairperson of such general meeting, in which event the following provisions shall
 apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The chairperson of the meeting shall
 be deemed to be Present at the meeting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If the Communication Facilities are
 interrupted or fail for any reason to enable the chairperson of the meeting to hear and be
 heard by all other Persons participating in the meeting, then the other Directors Present
 at the meeting shall choose another Director Present to act as chairperson of the meeting
 for the remainder of the meeting; provided that if no other Director is Present at the meeting,
 or if all the Directors Present decline to take the chair, then the meeting shall be automatically
 adjourned to the same day in the next week and at such time and place as shall be decided
 by the board of Directors.

70. The chairperson may with the consent of any general meeting at which
 a quorum is Present (and shall if so directed by the meeting) 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 left unfinished at the meeting from which the adjournment took place. When a meeting, or adjourned
 meeting, is adjourned for fourteen calendar days or more, notice of the adjourned meeting shall be given
 as in the case of an original meeting. Save as aforesaid it shall not be necessary to give any notice
 of an adjournment or of the business to be transacted at an adjourned meeting.

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71. The Directors may cancel or postpone any duly convened general meeting
 at any time prior to such meeting, except for general meetings requisitioned by the Shareholders in
 accordance with these Articles, for any reason or for no reason, upon notice in writing to Shareholders.
 A postponement may be for a stated period of any length or indefinitely as the Directors may determine.

72. At any general meeting a resolution put to the vote of the meeting
 shall be decided on a show of hands, unless a poll is (before or on the declaration of the result of
 the show of hands) demanded by the chairperson of the meeting or any Shareholder Present, and unless
 a poll is so demanded, a declaration by the chairperson of the meeting that a resolution has, on a show
 of hands, been carried, or carried unanimously, or by a particular majority, or lost, and an entry to
 that effect in the book of the proceedings of the Company, shall be conclusive evidence of the fact,
 without proof of the number or proportion of the votes recorded in favour of, or against, that resolution.

73. If a poll is duly demanded it shall
 be taken in such manner as the chairperson of the meeting directs, and the result of the
 poll shall be deemed to be the resolution of the meeting at which the poll was demanded.

74. All questions submitted to a meeting shall be decided by an Ordinary
 Resolution except where a greater majority is required by these Articles or by the Companies Act. In
 the case of an equality of votes, whether on a show of hands or on a poll, the chairperson of the meeting
 at which the show of hands takes place or at which the poll is demanded, shall be entitled to a second
 or casting vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75. A poll demanded on the election of a
 chairperson of the meeting or on a question of adjournment shall be taken forthwith. A poll demanded
 on any other question shall be taken at such time as the chairperson of the meeting directs.

**VOTES OF SHAREHOLDERS**

76. Subject to any rights and restrictions for the time being attached to any
 Share, on a show of hands every Shareholder Present at the meeting shall, at a general meeting of the Company, each have one vote
 and on a poll every Shareholder Present at the meeting shall have one (1) vote for each Class A Ordinary Share and thirty <u>fifty</u> (30 <u>50</u>) votes
 for each Class B Ordinary Share of which he is the holder.

77. In the case of joint holders the vote of the senior who tenders a
 vote whether in person or by proxy (or, if a corporation or other non-natural person, by its duly authorised
 representative or 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.

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78. Shares carrying the right to vote that are held by a Shareholder of
 unsound mind, or in respect of whom an order has been made by any court having jurisdiction in lunacy,
 may be voted, whether on a show of hands or on a poll, by his committee, or other Person in the nature
 of a committee appointed by that court, and any such committee or other Person may vote in respect of
 such Shares by proxy.

79. No Shareholder shall be entitled to vote at any general meeting of
 the Company unless all calls, if any, or other sums presently payable by him in respect of Shares carrying
 the right to vote held by him have been paid.

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

81. Each Shareholder, other than a recognised clearing house (or its nominee(s))
 or depositary (or its nominee(s)), may only appoint one proxy on a show of hand. 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 Seal or under the hand of an officer or attorney
 duly authorised. A proxy need not be a Shareholder.

82. An instrument appointing a proxy may be in any usual or common form
 or such other form as the Directors may approve.

83. The instrument appointing a proxy shall
 be deposited at the Registered Office or at such other place as is specified for that purpose in the
 notice convening the meeting, or in any instrument of proxy sent out by the Company:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) not less
 than 48 hours before the time for holding the meeting or adjourned meeting at which the person
 named in the instrument proposes to vote; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the
 case of a poll taken more than 48 hours after it is demanded, be deposited as aforesaid after
 the poll has been demanded and not less than 24 hours before the time appointed for the taking
 of the poll; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) where the poll is not taken forthwith
 but is taken not more than 48 hours after it was demanded be delivered at the meeting at
 which the poll was demanded to the chairperson or to the secretary or to any director;

provided that the Directors may in the notice convening the meeting, or in an instrument of proxy sent out by the Company, direct that the instrument appointing a proxy may be deposited at such other time (no later than the time for holding the meeting or adjourned meeting) at the Registered Office or at such other place as is specified for that purpose in the notice convening the meeting, or in any instrument of proxy sent out by the Company. The Chairperson may in any event at his discretion direct that an instrument of proxy shall be deemed to have been duly deposited. An instrument of proxy that is not deposited in the manner permitted shall be invalid.

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84. The instrument appointing a proxy shall be deemed to confer authority
 to demand or join in demanding a poll.

85. A resolution in writing signed by all the Shareholders for the time
 being entitled to receive notice of and to attend and vote at general meetings of the Company (or being
 corporations by their duly authorised representatives) shall be as valid and effective as if the same
 had been passed at a general meeting of the Company duly convened and held.

**CORPORATIONS ACTING BY REPRESENTATIVES AT MEETINGS**

86. Any corporation which is a Shareholder
 or a Director 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 of any meeting
 of holders of a Class or of the Directors or of a committee of Directors, and the Person
 so authorised shall be entitled to exercise the same powers on behalf of the corporation
 which he represents as that corporation could exercise if it were an individual Shareholder
 or Director.

**DEPOSITARY AND CLEARING HOUSES**

87. If a recognised clearing house (or its nominee(s)) or depositary (or
 its nominee(s)) is a Member of the Company it may, by resolution of its directors or other governing
 body or by power of attorney, authorise such Person(s) as it thinks fit to act as its representative(s)
 at any general meeting of the Company or of any Class of Shareholders provided that, if more than one
 Person is so authorised, the authorisation shall specify the number and Class of Shares in respect of
 which each such Person is so authorised. A Person so authorised pursuant to this Article shall be entitled
 to exercise the same powers on behalf of the recognised clearing house (or its nominee(s)) or depositary
 (or its nominee(s)) which he represents as that recognised clearing house (or its nominee(s)) or depositary
 (or its nominee(s)) could exercise if it were an individual Member holding the number and Class of Shares
 specified in such authorisation, including the right to vote individually on a show of hands.

**DIRECTORS**

88. (a) Unless otherwise determined by the Company in general meeting, the number of Directors shall not be less
than three (3) Directors, the exact number of Directors to be determined from time to time by the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Board of Directors shall elect
 and appoint a Chairperson by a majority of the Directors then in office. The period for which
 the Chairperson will hold office will also be determined by a majority of all of the Directors
 then in office. The Chairperson shall preside as chairperson at every meeting of the Board
 of Directors. To the extent the Chairperson is not present at a meeting of the Board of Directors
 within fifteen minutes after the time appointed for holding the same, the attending Directors
 may choose one of their number to be the chairperson of the meeting.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Company may by Ordinary Resolution
 appoint any person to be a Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) The Board may, by the affirmative
 vote of a simple majority of the Directors present and voting at a Board meeting, appoint
 any person as a Director, to fill a casual vacancy on the Board or as an addition to the
 Board.

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

89. A Director may be removed from office by an Ordinary Resolution, notwithstanding
 anything in these Articles or in any agreement between the Company and such Director (but without prejudice

 under the previous sentence may be filled by an Ordinary Resolution or by the affirmative vote of a
 simple majority of the remaining Directors present and voting at a Board meeting. The notice of any
 meeting at which a resolution to remove a Director shall be proposed or voted upon must contain a statement
 of the intention to remove that Director and such notice must be served on that Director not less than
 ten (10) calendar days before the meeting. Such Director is entitled to attend the meeting and be heard
 on the motion for his removal.

90. The Board may, from time to time, and except as required by applicable
 law or Designated Stock Exchange Rules, adopt, institute, amend, modify or revoke the corporate governance
 policies or initiatives of the Company and determine on various corporate governance related matters
 of the Company as the Board shall determine by resolution of Directors from time to time.

91. A Director shall not be required to hold any Shares in the Company
 by way of qualification. A Director who is not a Member of the Company shall nevertheless be entitled
 to attend and speak at general meetings.

92. The remuneration of the Directors
 may be determined by the Directors or by Ordinary Resolution.

93. The Directors shall be entitled to be paid their travelling, hotel
 and other expenses properly incurred by them in going to, attending and returning from meetings of the
 Directors, or any committee of the Directors, or general meetings of the Company, or otherwise in connection
 with the business of the Company, or to receive such fixed allowance in respect thereof as may be determined
 by the Directors from time to time, or a combination partly of one such method and partly the other.

---

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**ALTERNATE DIRECTOR OR PROXY**

94. Any Director may in writing appoint another Person to be his alternate
 and, save to the extent provided otherwise in the form of appointment, such alternate shall have authority
 to sign written resolutions on behalf of the appointing Director, but shall not be required to sign
 such written resolutions where they have been signed by the appointing director, and to act in such
 Director's place at any meeting of the Directors at which the appointing Director is unable to
 be present. Every such alternate shall be entitled to attend and vote at meetings of the Directors as
 a Director when the Director appointing him is not personally present and where he is a Director to
 have a separate vote on behalf of the Director he is representing in addition to his own vote. A Director
 may at any time in writing revoke the appointment of an alternate appointed by him. Such alternate shall
 be deemed for all purposes to be a Director and shall not be deemed to be the agent of the Director
 appointing him. The remuneration of such alternate shall be payable out of the remuneration of the Director
 appointing him and the proportion thereof shall be agreed between them.

95. Any Director may appoint any Person, whether or not a Director, to
 be the proxy of that Director to attend and vote on his behalf, in accordance with instructions given
 by that Director, or in the absence of such instructions at the discretion of the proxy, at a meeting
 or meetings of the Directors which that Director is unable to attend personally. The instrument appointing
 the proxy shall be in writing under the hand of the appointing Director and shall be in any usual or
 common form or such other form as the Directors may approve, and must be lodged with the chairperson
 of the meeting of the Directors at which such proxy is to be used, or first used, prior to the commencement
 of the meeting.

**POWERS AND DUTIES OF DIRECTORS**

96. Subject to the Companies Act, these Articles and to any resolutions
 passed in a general meeting, the business of the Company shall be managed by the Directors, who may
 pay all expenses incurred in setting up and registering the Company and may exercise all powers of the
 Company. No resolution passed by the Company in general meeting shall invalidate any prior act of the
 Directors that would have been valid if that resolution had not been passed.

97. Subject to these Articles, the Directors
 may from time to time appoint any natural person or corporation, whether or not a Director
 to hold such office in the Company as the Directors may think necessary for the administration
 of the Company, including but not limited to, chief executive officer, one or more other
 executive officers, president, one or more vice presidents, treasurer, assistant treasurer,
 manager or controller, and for such term and at such remuneration (whether by way of salary
 or commission or participation in profits or partly in one way and partly in another), and
 with such powers and duties as the Directors may think fit. Any natural person or corporation
 so appointed by the Directors may be removed by the Directors. The Directors may also appoint
 one or more of their number to the office of managing director upon like terms, but any such
 appointment shall ipso facto terminate if any managing director ceases for any cause to be
 a Director, or if the Company by Ordinary Resolution resolves that his tenure of office be
 terminated.

98. The Directors may appoint any natural
 person or corporation to be a Secretary (and if need be an assistant Secretary or assistant
 Secretaries) who shall hold office for such term, at such remuneration and upon such conditions
 and with such powers as they think fit. Any Secretary or assistant Secretary so appointed
 by the Directors may be removed by the Directors or by the Company by Ordinary Resolution.

---

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99. The Directors may delegate any of their powers to committees consisting
 of such member or members of their body as they think fit; any committee so formed shall in the exercise
 of the powers so delegated conform to any regulations that may be imposed on it by the Directors.

100. The Directors may from time to time and at any time by power of attorney
 (whether under Seal or under hand) or otherwise appoint any company, firm or Person or body of Persons,
 whether nominated directly or indirectly by the Directors, to be the attorney or attorneys or authorised
 signatory (any such Person being an "Attorney" or "Authorised Signatory", respectively)
 of the Company for such purposes and with such powers, authorities and discretion (not exceeding those
 vested in or exercisable by the Directors under these Articles) and for such period and subject to
 such conditions as they may think fit, and any such power of attorney or other appointment may contain
 such provisions for the protection and convenience of Persons dealing with any such Attorney or Authorised
 Signatory as the Directors may think fit, and may also authorise any such Attorney or Authorised Signatory
 to delegate all or any of the powers, authorities and discretion vested in him.

101. The Directors may from time to time provide for the management of
 the affairs of the Company in such manner as they shall think fit and the provisions contained in the
 three next following Articles shall not limit the general powers conferred by this Article.

102. The Directors from time to time and at any time may establish any
 committees, local boards or agencies for managing any of the affairs of the Company and may appoint
 any natural person or corporation to be a member of such committees or local boards and may appoint
 any managers or agents of the Company and may fix the remuneration of any such natural person or corporation.

103. The Directors from time to time and at any time may delegate to any
 such committee, local board, manager or agent any of the powers, authorities and discretions for the
 time being vested in the Directors and may authorise the members for the time being of any such local
 board, or any of them to fill any vacancies therein and to act notwithstanding vacancies and any such
 appointment or delegation may be made on such terms and subject to such conditions as the Directors
 may think fit and the Directors may at any time remove any natural person or corporation so appointed
 and may annul or vary any such delegation, but no Person dealing in good faith and without notice of
 any such annulment or variation shall be affected thereby.

104. Any such delegates as aforesaid may be authorised by the Directors
 to sub-delegate all or any of the powers, authorities, and discretion for the time being vested in
 them.

**BORROWING POWERS OF DIRECTORS**

105. The Directors may from time to time at their discretion exercise
 all the powers of the Company to raise or borrow money and to mortgage or charge its undertaking, property
 and assets (present and future) and uncalled capital or any part thereof, to issue debentures, debenture
 stock, bonds and other securities, whether outright or as collateral security for any debt, liability
 or obligation of the Company or of any third party.

---

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**THE SEAL**

106. The Seal shall not be affixed to any instrument except by the authority
 of a resolution of the Directors provided always that such authority may be given prior to or after
 the affixing of the Seal and if given after may be in general form confirming a number of affixing
 of the Seal. The Seal shall be affixed in the presence of a Director or a Secretary (or an assistant
 Secretary) or in the presence of any one or more Persons as the Directors may appoint for the purpose
 and every Person as aforesaid shall sign every instrument to which the Seal is so affixed in their
 presence.

107. The Company may maintain a facsimile of the Seal in such countries
 or places as the Directors may appoint and such facsimile Seal shall not be affixed to any instrument
 except by the authority of a resolution of the Directors provided always that such authority may be
 given prior to or after the affixing of such facsimile Seal and if given after may be in general form
 confirming a number of affixing of such facsimile Seal. The facsimile Seal shall be affixed in the
 presence of such Person or Persons as the Directors shall for this purpose appoint and such Person
 or Persons as aforesaid shall sign every instrument to which the facsimile Seal is so affixed in their
 presence and such affixing of the facsimile Seal and signing as aforesaid shall have the same meaning
 and effect as if the Seal had been affixed in the presence of and the instrument signed by a Director
 or a Secretary (or an assistant Secretary) or in the presence of any one or more Persons as the Directors
 may appoint for the purpose.

108. Notwithstanding the foregoing, a Secretary or any assistant Secretary
 shall have the authority to affix the Seal, or the facsimile Seal, to any instrument for the purposes
 of attesting authenticity of the matter contained therein but which does not create any obligation
 binding on the Company.

**DISQUALIFICATION OF DIRECTORS**

109. The office of Director shall be vacated, if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) becomes bankrupt or makes any arrangement
 or composition with his creditors;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) dies or is found to be or becomes
 of unsound mind;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) resigns his office by notice in writing
 to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) 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; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is removed from office pursuant to
 any other provision of these Articles.

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**PROCEEDINGS OF DIRECTORS**

110. The Directors may meet together (either within or outside the Cayman
 Islands) for the despatch of business, adjourn, and otherwise regulate their meetings and proceedings
 as they think fit. Questions arising at any meeting shall be decided by a majority of votes. At any
 meeting of the Directors, each Director present in person or represented by his proxy or alternate
 shall be entitled to one vote. In case of an equality of votes the Chairperson shall have a second
 or casting vote. A Director may, and a Secretary or assistant Secretary on the requisition of a Director
 shall, at any time summon a meeting of the Directors.

111. A Director may participate in any meeting of the Directors, or of
 any committee appointed by the Directors of which such Director is a member, by means of telephone
 or similar communication equipment by way of which all Persons participating in such meeting can communicate
 with each other and such participation shall be deemed to constitute presence in person at the meeting.

112. The quorum necessary for the transaction of the business of the Board
 may be fixed by the Directors, and unless so fixed, the quorum shall be a majority of Directors then
 in office. A Director represented by proxy or by an alternate Director at any meeting shall be deemed
 to be present for the purposes of determining whether or not a quorum is present.

113. A Director who is in any way, whether directly or indirectly, interested
 in a contract or transaction or proposed contract or transaction with the Company shall declare the
 nature of his interest at a meeting of the Directors. A general notice given to the Directors by any
 Director to the effect that he is a member of any specified company or firm and is to be regarded as
 interested in any contract or transaction which may thereafter be made with that company or firm shall
 be deemed a sufficient declaration of interest in regard to any contract so made or transaction so
 consummated. A Director may vote in respect of any contract or transaction or proposed contract or
 transaction notwithstanding that he may be interested therein and if he does so his vote shall be counted
 and he may be counted in the quorum at any meeting of the Directors at which any such contract or transaction
 or proposed contract or transaction shall come before the meeting for consideration.

114. A Director may hold any other office or place of profit under the
 Company (other than the office of auditor) in conjunction with his office of Director for such period
 and on such terms (as to remuneration and otherwise) as the Directors may determine and no Director
 or intending Director shall be disqualified by his office from contracting with the Company either
 with regard to his tenure of any such other office or place of profit or as vendor, purchaser or otherwise,
 nor shall any such contract or arrangement entered into by or on behalf of the Company 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 for any profit realised by any such contract
 or arrangement by reason of such Director holding that office or of the fiduciary relation thereby
 established. A Director, notwithstanding his interest, may be counted in the quorum present at any
 meeting of the Directors whereat he or any other Director is appointed to hold any such office or place
 of profit under the Company or whereat the terms of any such appointment are arranged and he may vote
 on any such appointment or arrangement.

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115. Any Director may act by himself or through his firm in a professional
 capacity for the Company, and he or his firm shall be entitled to remuneration for professional services
 as if he were not a Director; provided that nothing herein contained shall authorise a Director or
 his firm to act as auditor to the Company.

116. The Directors shall cause minutes
 to be made for the purpose of recording:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all appointments of officers made
 by the Directors;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) all resolutions and proceedings at
 all meetings of the Company, and of the Directors and of committees of Directors.

117. When the chairperson of a meeting
 of the Directors signs the minutes of such meeting the same shall be deemed to have been
 duly held notwithstanding that all the Directors have not actually come together or that
 there may have been a technical defect in the proceedings.

118. A resolution in writing signed by
 all the Directors or all the members of a committee of Directors entitled to receive notice
 of a meeting of Directors or committee of Directors, as the case may be (an alternate Director,
 subject as provided otherwise in the terms of appointment of the alternate Director, being
 entitled to sign such a resolution on behalf of his appointer), shall be as valid and effectual
 as if it had been passed at a duly called and constituted meeting of Directors or committee
 of Directors, as the case may be. When signed a resolution may consist of several documents
 each signed by one or more of the Directors or his duly appointed alternate.

119. The continuing Directors may act
 notwithstanding any vacancy in their body but if and for so long as their number is reduced
 below the number fixed by or pursuant to these Articles as the necessary quorum of Directors,
 the continuing Directors may act for the purpose of increasing the number, or of summoning
 a general meeting of the Company, but for no other purpose.

120. Subject to any regulations imposed
 on it by the Directors, a committee appointed by the Directors may elect a chairperson of
 its meetings. If no such chairperson is elected, or if at any meeting the chairperson is
 not present within fifteen minutes after the time appointed for holding the meeting, the
 committee members present may choose one of their number to be chairperson of the meeting.

121. A committee appointed by the Directors may meet and adjourn as it
 thinks proper. Subject to any regulations imposed on it by the Directors, questions arising at any
 meeting shall be determined by a majority of votes of the committee members present and in case of
 an equality of votes the chairperson shall have a second or casting vote.

---

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122. All acts done by any meeting of the Directors or of a committee of
 Directors, or by any Person acting as a Director, shall notwithstanding that it be afterwards discovered
 that there was some defect in the appointment of any such Director or Person acting as aforesaid, or
 that they or any of them were disqualified, be as valid as if every such Person had been duly appointed
 and was qualified to be a Director.

**PRESUMPTION OF ASSENT**

123. A Director who is present at a meeting of the Board of Directors
 at which an action on any Company matter is taken shall be presumed to have assented to the action
 taken unless his dissent shall be entered in the minutes of the meeting or unless he shall file his
 written dissent from such action with the person acting as the chairperson or secretary of the meeting
 before the adjournment thereof or shall forward such dissent by registered post to such person immediately
 after the adjournment of the meeting. Such right to dissent shall not apply to a Director who voted
 in favour of such action.

**DIVIDENDS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124. Subject to any rights and restrictions
 for the time being attached to any Shares, the Directors may from time to time declare dividends (including
 interim dividends) and other distributions on Shares in issue and authorise payment of the same out
 of the funds of the Company lawfully available therefor.

125. Subject to any rights and restrictions
 for the time being attached to any Shares, the Company by Ordinary Resolution may declare
 dividends, but no dividend shall exceed the amount recommended by the Directors.

126. The Directors may, before recommending
 or declaring any dividend, set aside out of the funds legally available for distribution
 such sums as they think proper as a reserve or reserves which shall, in the absolute discretion
 of the Directors, be applicable for meeting contingencies or for equalising dividends or
 for any other purpose to which those funds may be properly applied, and pending such application
 may in the absolute discretion of the Directors, either be employed in the business of the
 Company or be invested in such investments (other than Shares of the Company) as the Directors
 may from time to time think fit.

127. Any dividend payable in cash to the
 holder of Shares may be paid in any manner determined by the Directors. If paid by cheque
 it will be sent by mail addressed to the holder at his address in the Register, or addressed
 to such person and at such addresses as the holder may 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.

128. The Directors may determine that a dividend shall be paid wholly
 or partly by the distribution of specific assets (which may consist
of the shares or securities of any other company) and may settle all questions concerning such distribution. Without limiting the generality
of the foregoing, the Directors may fix the value of such specific assets, may determine that cash payment shall be made to some Shareholders
in lieu of specific assets and may vest any such specific assets in trustees on such terms as the Directors think fit.

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129. Subject to any rights and restrictions for the time being attached
 to any Shares, all dividends shall be declared and paid according to the amounts paid up on the Shares,
 but if and for so long as nothing is paid up on any of the Shares dividends may be declared and paid
 according to the par value of the Shares. No amount paid on a Share in advance of calls shall, while
 carrying interest, be treated for the purposes of this Article as paid on the Share.

130. If several Persons are registered as joint holders of any Share,
 any of them may give effective receipts for any dividend or other moneys payable on or in respect of
 the Share.

131. No dividend shall bear interest against the Company.

132. Any dividend unclaimed after a period of six calendar years from
 the date of declaration of such dividend may be forfeited by the Board of Directors and, if so forfeited,
 shall revert to the Company.

**ACCOUNTS, AUDIT AND ANNUAL RETURN AND DECLARATION**

133. The books of account relating to the Company's affairs shall
 be kept in such manner as may be determined from time to time by the Directors.

134. The books of account shall be kept at the Registered Office, or at
 such other place or places as the Directors think fit, and shall always be open to the inspection of
 the Directors.

135. The Directors may from time to time determine whether and to what
 extent and at what times and places and under what conditions or regulations the accounts and books
 of the Company or any of them shall be open to the inspection of Shareholders not being Directors,
 and no Shareholder (not being a Director) shall have any right to inspect any account or book or document
 of the Company except as conferred by law or authorised by the Directors or by Ordinary Resolution.

136. The accounts relating to the Company's affairs shall be audited
 in such manner and with such financial year end as may be determined from time to time by the Directors
 or failing any determination as aforesaid shall not be audited.

137. The Directors may appoint an auditor of the Company who shall hold
 office until removed from office by a resolution of the Directors and may fix his or their remuneration.

138. Every auditor of the Company shall have a right of access at all
 times to the books and accounts and vouchers of the Company and shall be entitled to require from the
 Directors and officers of the Company such information and explanation as may be necessary for the
 performance of the duties of the auditors.

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

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

**CAPITALISATION OF RESERVES**

141. Subject to the Companies Act, the Directors may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) resolve to capitalise an amount standing
 to the credit of reserves (including a Share Premium Account, capital redemption reserve
 and profit and loss account), which is available for distribution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) appropriate the sum resolved to be
 capitalised to the Shareholders in proportion to the nominal amount of Shares (whether or
 not fully paid) held by them respectively and apply that sum on their behalf in or towards:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) paying up the amounts (if any) for
 the time being unpaid on Shares held by them respectively, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) paying up in full unissued Shares
 or debentures of a nominal amount equal to that sum, and allot the Shares or debentures,
 credited as fully paid, to the Shareholders (or as they may direct) in those proportions,
 or partly in one way and partly in the other, but the Share Premium Account, the capital
 redemption reserve and profits which are not available for distribution may, for the purposes
 of this Article, only be applied in paying up unissued Shares to be allotted to Shareholders
 credited as fully paid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) make any arrangements they think
 fit to resolve a difficulty arising in the distribution of a capitalised reserve and in particular,
 without limitation, where Shares or debentures become distributable in fractions the Directors
 may deal with the fractions as they think fit;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) authorise a Person to enter (on behalf
 of all the Shareholders concerned) into an agreement with the Company providing for either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the allotment to the Shareholders
 respectively, credited as fully paid, of Shares or debentures to which they may be entitled
 on the capitalisation, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the payment by the Company on behalf
 of the Shareholders (by the application of their respective proportions of the reserves resolved
 to be capitalised) of the amounts or part of the amounts remaining unpaid on their existing
 Shares, and any such agreement made under this authority being effective and binding on all
 those Shareholders; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) generally do all acts and things
 required to give effect to the resolution.

---

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142. Notwithstanding
 any provisions in these Articles, the Directors may resolve to capitalise an amount standing
 to the credit of reserves (including the share premium account, capital redemption reserve
 and profit and loss account) or otherwise available for distribution by applying such sum
 in paying up in full unissued Shares to be allotted and issued to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) employees
 (including Directors) or service providers of the Company or its Affiliates upon exercise
 or vesting of any options or awards granted under any share incentive scheme or employee
 benefit scheme or other arrangement which relates to such persons that has been adopted or
 approved by the Directors or the Members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any trustee of any trust or administrator
 of any share incentive scheme or employee benefit scheme to whom shares are to be allotted
 and issued by the Company in connection with the operation of any share incentive scheme
 or employee benefit scheme or other arrangement which relates to such persons that has been
 adopted or approved by the Directors or Members; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any depositary of the Company for
 the purposes of the issue, allotment and delivery by the depositary of ADSs to employees
 (including Directors) or service providers of the Company or its Affiliates upon exercise
 or vesting of any options or awards granted under any share incentive scheme or employee
 benefit scheme or other arrangement which relates to such persons that has been adopted or
 approved by the Directors or the Members.

**SHARE PREMIUM ACCOUNT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143. The Directors shall in accordance with
 the Companies Act establish a 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.

144. There shall be debited to any Share Premium Account on the redemption
 or purchase of a Share the difference between the nominal value of such Share and the redemption or
 purchase price provided always that at the discretion of the Directors such sum may be paid out of
 the profits of the Company or, if permitted by the Companies Act, out of capital.

**NOTICES**

145. Except as otherwise provided in these Articles, any notice or document
 may be served by the Company or by the Person entitled to give notice to any Shareholder either personally,
 or by posting it by airmail or a recognised courier service in a prepaid letter addressed to such Shareholder
 at his address as appearing in the Register, or by electronic mail to any electronic mail address such
 Shareholder may have specified in writing for the purpose of such service of notices, or by facsimile
 to any facsimile number such Shareholder may have specified in writing for the purpose of such service
 of notices, or by placing it on the Company's Website should the Directors deem it appropriate.
 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 in respect of the joint holding, and notice so given shall
 be sufficient notice to all the joint holders.

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146. Notices sent from one country to another shall be sent or forwarded
 by prepaid airmail or a recognised courier service.

147. Any Shareholder Present at any meeting of the Company shall for all
 purposes be deemed to have received due notice of such meeting and, where requisite, of the purposes
 for which such meeting was convened.

148. Any notice or other document, if served by:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) post, shall be deemed to have been
 served five calendar days after the time when the letter containing the same is posted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) facsimile, shall be deemed to have
 been served upon production by the transmitting facsimile machine of a report confirming
 transmission of the facsimile in full to the facsimile number of the recipient;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) recognised courier service, shall
 be deemed to have been served 48 hours after the time when the letter containing the same
 is delivered to the courier service; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) electronic means, shall be deemed
 to have been served immediately (i) upon the time of the transmission to the electronic mail
 address supplied by the Shareholder to the Company or (ii) upon the time of its placement
 on the Company's Website.

In proving service by post or courier service it shall be sufficient to prove that the letter containing the notice or documents was properly addressed and duly posted or delivered to the courier service.

149. Any notice or document delivered or sent by post to or left at the
 registered address of any Shareholder in accordance with the terms of these Articles shall notwithstanding
 that such Shareholder be then dead or bankrupt, and whether or not the Company has notice of his death
 or bankruptcy, be deemed to have been duly served in respect of any Share registered in the name of
 such Shareholder as sole or joint holder, unless his name shall at the time of the service of the notice
 or document have been removed from the Register as the holder of the Share, and such service shall
 for all purposes be deemed a sufficient service of such notice or document on all Persons interested
 (whether jointly with or as claiming through or under him) in the Share.

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150. Notice of every general meeting of the Company shall be given to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Shareholders holding Shares with
 the right to receive notice and who have supplied to the Company an address for the giving
 of notices to them; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) every Person entitled to a Share
 in consequence of the death or bankruptcy of a Shareholder, who but for his death or bankruptcy
 would be entitled to receive notice of the meeting.

No other Person shall be entitled to receive notices of general meetings.

**INFORMATION**

151. Subject to the relevant laws, rules and regulations applicable to
 the Company, no Member shall be entitled to require discovery of any information in respect of any
 detail of the Company's trading or any information 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 Board would not be in the interests of the Members of the Company to communicate
 to the public.

152. Subject to due compliance with the
 relevant laws, rules and regulations applicable to the Company, the Board shall be entitled
 to release or disclose any information in its possession, custody or control regarding the
 Company or its affairs to any of its Members including, without limitation, information contained
 in the Register and transfer books of the Company.

**INDEMNITY**

153. Every Director (including for the
 purposes of this Article any alternate Director appointed pursuant to the provisions of these
 Articles), Secretary, assistant Secretary, or other officer for the time being and from time
 to time of the Company (but not including the Company's auditors) and the personal
 representatives of the same (each an "Indemnified Person") shall be indemnified
 and secured harmless against all actions, proceedings, costs, charges, expenses, losses,
 damages or liabilities incurred or sustained by such Indemnified Person, other than by reason
 of such Indemnified Person's own dishonesty, wilful default or fraud, in or about the
 conduct of the Company's business or affairs (including as a result of any mistake
 of judgment) or in the execution or discharge of his duties, powers, authorities or discretions,
 including without prejudice to the generality of the foregoing, any costs, expenses, losses
 or liabilities incurred by such Indemnified Person in defending (whether successfully or
 otherwise) any civil proceedings concerning the Company or its affairs in any court whether
 in the Cayman Islands or elsewhere.

154. No Indemnified Person shall be liable:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) for the acts, receipts, neglects,
 defaults or omissions of any other Director or officer or agent of the Company; or

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) for any loss on account of defect
 of title to any property of the Company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) on account of the insufficiency of
 any security in or upon which any money of the Company shall be invested; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) for any loss incurred through any
 bank, broker or other similar Person; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) for any loss occasioned by any negligence,
 default, breach of duty, breach of trust, error of judgement or oversight on such Indemnified
 Person's part; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) for any
 loss, damage or misfortune whatsoever which may happen in or arise from the execution or
 discharge of the duties, powers, authorities, or discretions of such Indemnified Person's
 office or in relation thereto;

unless the same shall happen through such Indemnified Person's own dishonesty, wilful default or fraud.

**FINANCIAL YEAR**

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

**NON-RECOGNITION OF TRUSTS**

156. No Person shall be recognised by
 the Company as holding any Share upon any trust and the Company shall not, unless required
 by law, be bound by or be compelled in any way to recognise (even when having notice thereof)
 any equitable, contingent, future or partial interest in any Share or (except only as otherwise
 provided by these Articles or as the Companies Act requires) any other right in respect of
 any Share except an absolute right to the entirety thereof in each Shareholder registered
 in the Register.

**WINDING UP**

157. If the Company shall be wound up the liquidator may, with the sanction
 of a Special Resolution of the Company and any other sanction required by the Companies Act, divide
 amongst the Members in species or in kind the whole or any part of the assets of the Company (whether
 they shall consist of property of the same kind or not) and may for that purpose value any assets and
 determine how the division shall be carried out as between the Members or different classes of Members.
 The liquidator may, with the like sanction, vest the whole or any part of such assets in trustees upon
 such trusts for the benefit of the Members as the liquidator, with the like sanction, shall think fit,
 but so that no Member shall be compelled to accept any asset upon which there is a liability.

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158. If the Company shall be wound up, and the assets available for distribution
 amongst the Members shall be insufficient to repay the whole of the share capital, such assets shall
 be distributed so that, as nearly as may be, the losses shall be borne by the Members in proportion
 to the par value of the Shares held by them. If in a winding up the assets available for distribution
 amongst the Members shall be more than sufficient to repay the whole of the share capital at the commencement
 of the winding up, the surplus shall be distributed amongst the Members in proportion to the par value
 of the Shares held by them at the commencement of the winding up subject to a deduction from those
 Shares in respect of which there are monies due, of all monies payable to the Company for unpaid calls
 or otherwise. This Article is without prejudice to the rights of the holders of Shares issued upon
 special terms and conditions.

**AMENDMENT OF ARTICLES OF ASSOCIATION**

159. Subject to the Companies Act, the
 Company may at any time and from time to time by Special Resolution alter or amend these
 Articles in whole or in part.

**CLOSING OF REGISTER OR FIXING RECORD DATE**

160. For the purpose of determining those
 Shareholders that are entitled to receive notice of, attend or vote at any meeting of Shareholders
 or any adjournment thereof, or those Shareholders that are entitled to receive payment of
 any dividend, or in order to make a determination as to who is a Shareholder for any other
 purpose, the Directors may provide that the Register shall be closed for transfers for a
 stated period which shall not exceed in any case thirty calendar days in any calendar year.

161. In lieu of or apart from closing
 the Register, the Directors may fix in advance a date as the record date for any such determination
 of those Shareholders that are entitled to receive notice of, attend or vote at a meeting
 of the Shareholders and for the purpose of determining those Shareholders that are entitled
 to receive payment of any dividend the Directors may, at or within ninety calendar days prior
 to the date of declaration of such dividend, fix a subsequent date as the record date for
 such determination.

162. If the Register is not so closed and
 no record date is fixed for the determination of those Shareholders entitled to receive notice
 of, attend or vote at a meeting of Shareholders or those Shareholders that are entitled to
 receive payment of a dividend, the date on which notice of the meeting is posted or the date
 on which the resolution of the Directors declaring such dividend is adopted, as the case
 may be, shall be the record date for such determination of Shareholders. When a determination
 of those Shareholders that are entitled to receive notice of, attend or vote at a meeting
 of Shareholders has been made as provided in this Article, such determination shall apply
 to any adjournment thereof.

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**REGISTRATION BY WAY OF CONTINUATION**

163. The Company may by Special Resolution resolve to be registered by
 way of continuation in a jurisdiction outside the Cayman Islands or such other jurisdiction in which
 it is for the time being incorporated, registered or existing. In furtherance of a resolution adopted
 pursuant to this Article, the Directors may cause an application to be made to the Registrar of Companies
 to deregister the Company in the Cayman Islands or such other jurisdiction in which it is for the time
 being incorporated, registered or existing and may cause all such further steps as they consider appropriate
 to be taken to effect the transfer by way of continuation of the Company.

**DISCLOSURE**

164. The Directors, or any service providers
 (including the officers, the Secretary and the registered office provider of the Company)
 specifically authorised by the Directors, shall be entitled to disclose to any regulatory
 or judicial authority any information regarding the affairs of the Company including without
 limitation information contained in the Register and books of the Company.

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## Exhibit 99.3

**Exhibit 99.3**

**Nano Labs Ltd**

**(the "Company")**

**FORM OF PROXY FOR SHAREHOLDERS**

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| | |
|:---|:---|
| I/We | |
|  | Please Print Name(s) |
| of | |
|  | Please Print Address(es) |

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Being (a) shareholder(s) of the Company with ____________ shares respectively hereby appoint

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| | |
|:---|:---|
| | of |
| or failing him/her |  |
| | of |

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or failing him/her the duly appointed chairman of the AGM (the "**Chairman**") as my/our proxy to vote for me/us and on my/our behalf at the annual general meeting of the shareholders of the Company (the "**AGM**") to be held at 10 A.M. on December 30, 2025, Beijing time (9 P.M. on December 29, 2025, U.S. Eastern time) in 12F, China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, 310000, People's Republic of China, and at any adjournment of the AGM. My proxy is instructed to vote on a poll on the resolutions in respect of the matters specified in the Notice of the AGM as indicated below:

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Proposal 1: Share Consolidation** | **Proposal 1: Share Consolidation** | **Proposal 1: Share Consolidation** | **For** | **Against** | **Abstain** |
| By ordinary resolution that | By ordinary resolution that | By ordinary resolution that |  |  |  |
| (i) | with effect from a date to be determined by the board of directors (the "**Board**") within one year from the date of this resolution, but only if the closing price of the Company's ordinary shares falls below US$1.00 per share for a consecutive period of 30 trading days (or such other period as the Board may determine): | with effect from a date to be determined by the board of directors (the "**Board**") within one year from the date of this resolution, but only if the closing price of the Company's ordinary shares falls below US$1.00 per share for a consecutive period of 30 trading days (or such other period as the Board may determine): |  |  |  |
|  | a. | every ten (10) shares with a par value of US$0.002 each in the Company's issued and unissued share capital be and are hereby consolidated into one (1) share (each a "Consolidated Share") with a par value of US$0.02 (the "Share Consolidation") and such Consolidated Shares shall rank pari passu in all respects with each other and have the rights and privileges and be subject to the restrictions as contained in the fifth amended and restated memorandum and articles of association of the Company currently in effect (the "Current M&A"), |  |  |  |
|  | b. | in order to eliminate the fractions of shares in the Company's authorized share capital, immediately following the Share Consolidation, the authorized share capital of the Company be varied by the re-designation of (a) 0.9 shares of a par value of US$0.02 each of such class or classes (however designated) (the "Undesignated Shares") as Class A ordinary shares of par value of US$0.02 each ("Class A Ordinary Shares") and (b) 0.1 Undesignated Shares as Class B ordinary shares of par value of US$0.02 each (the "Class B Ordinary Shares") (the "Share Re-designation") |  |  |  |
|  |  | Assume that the Share Consolidation and Share Re-designation become effective immediately, the authorized share capital of the Company shall be changed |  |  |  |
|  |  | FROM US$4,200,000 divided into 2,100,000,000 shares of a par value of US$0.002 each comprising (i) 1,097,141,091 Class A Ordinary Shares of a par value of US$0.002 each, (ii) 2,858,909 Class B Ordinary Shares of a par value of US$0.002 each, and (iii) 1,000,000,000 shares of a par value of US$0.002 each of such class or classes (however designated) as the Board may determine in accordance with the Current M&A |  |  |  |
|  |  | TO US$4,200,000 divided into 210,000,000 shares of a par value of US$0.02 each, comprising (i) 109,714,110 Class A ordinary shares of a par value of US$0.02 each, (ii) 285,891 Class B ordinary shares of a par value of US$0.02 each, and (iii) 99,999,999 shares of a par value of US$0.02 each of such class or classes (however designated) as the Board may determine in accordance with the Current M&A; |  |  |  |

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(ii) where
 the number of issued Consolidated Shares of any class held by any shareholder after and as
 a result of the Share Consolidation is not a whole number, the Company shall issue to that
 shareholder an additional fraction of one Consolidated Share of the same class (credited
 as fully paid by way of capitalization out of the share premium of the Company) which shall
 result in the number of Consolidated Shares of such class which are held by such shareholder
 being rounded up to the next whole number of Consolidated Shares of such class;

(iii) any one or more directors of the Company (the "**Directors** ")
be and is/are hereby authorized to do all such acts and things and execute all such documents, which are ancillary to the Share Consolidation
and Share Re-designation and of administrative nature, on behalf of the Company, including under seal where applicable, as he/they consider
necessary, desirable or expedient to give effect to the foregoing arrangements for the Share Consolidation and Share Re-designation;

(iv) the Company's registered office provider be instructed to make
all necessary filings with the Registry of Companies in the Cayman Islands in connection with the Share Consolidation and Share Re-designation;
and

(v) the
 Company's share registrar and/or transfer agent be instructed to update the register of members of the Company and that upon
 the surrender to the Company of the existing share certificates (if any) that they be cancelled and that any Director be instructed
 to prepare, sign, seal and deliver on behalf of the Company new share certificates accordingly.

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| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Proposal 2: Share Sub-division** | **Proposal 2: Share Sub-division** | **Proposal 2: Share Sub-division** | **For** | **Against** | **Abstain** |
| By ordinary resolution that | By ordinary resolution that | By ordinary resolution that |  |  |  |
| (v) | with effect from a date to be determined by the Board within one year from the date of this resolution, but only if the closing price of the Company's ordinary shares on the primary stock exchange exceeds US$100.00 per share for a consecutive period of 30 trading days (or such other period as the Board may determine): | with effect from a date to be determined by the Board within one year from the date of this resolution, but only if the closing price of the Company's ordinary shares on the primary stock exchange exceeds US$100.00 per share for a consecutive period of 30 trading days (or such other period as the Board may determine): |  |  |  |
|  | a) | every one (1) share with a par value of US$0.002 each in the Company's issued and unissued share capital be and is hereby sub-divided into ten (10) shares (each a "Sub-divided Share") with a par value of US$0.0002 (the "Share Sub-division") and such Sub-divided Shares shall rank pari passu in all respects with each other and have the rights and privileges and be subject to the restrictions as contained in the Current M&A, |  |  |  |
|  |  | Assume that the Share Sub-division become effective immediately, the authorized share capital of the Company shall be changed |  |  |  |

---

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| | |
|:---|:---|
|  | FROM US$4,200,000 divided into 2,100,000,000 shares of par value of US$0.002 each, comprising (i) 1,097,141,091 Class A Ordinary Shares of a par value of US$0.002 each, (ii) 2,858,909 Class B Ordinary Shares of a par value of US$0.002 each, and (iii) 1,000,000,000 shares of a par value of US$0.002 each of such class or classes (however designated) as the Board may determine in accordance with the Current M&A |
|  | TO US$4,200,000 divided into 21,000,000,000 shares of a par value of US$0.0002 each comprising (i) 10,971,410,910 Class A Ordinary Shares of a par value of US$0.0002 each, (ii) 28,589,090 Class B Ordinary Shares of a par value of US$0.0002 each, and (iii)10,000,000,000 shares of a par value of US$0.0002 each of such class or classes (however designated) as the Board may determine in accordance with the Current M&A; |
| (vi) | any one or more Directors be and is/are hereby authorized to do all such acts and things and execute all such documents, which are ancillary to the Share Sub-division and of administrative nature, on behalf of the Company, including under seal where applicable, as he/they consider necessary, desirable or expedient to give effect to the foregoing arrangements for the Share Sub-division; |
| (vii) | the Company's registered office provider be instructed to make all necessary filings with the Registry of Companies in the Cayman Islands in connection with the Share Sub-division; and |
| (viii) | the Company's share registrar and/or transfer agent be instructed to update the register of members of the Company and that upon the surrender to the Company of the existing share certificates (if any) that they be cancelled and that any Director be instructed to prepare, sign, seal and deliver on behalf of the Company new share certificates accordingly. |

---

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| | | | |
|:---|:---|:---|:---|
| **Proposal 3: Class B Shares Vote Increase** | **For** | **Against** | **Abstain** |
| By special resolution that, the increase in the votes per Class B ordinary share of the Company from 30 to 50 (the "Class B Shares Vote Increase"), with effect from the date of the special resolution be approved. |  |  |  |

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Any one or more Directors be and is/are hereby authorized to do all such acts and things and execute all such documents, which are ancillary to the Class B Shares Vote Increase and of administrative nature, on behalf of the Company, including under seal where applicable, as he/they consider necessary, desirable or expedient to give effect to the foregoing arrangements for the Class B Shares Vote Increase.

The Company's registered office provider be instructed to make all necessary filings with the Registrar of Companies in the Cayman Islands in connection with the Class B Shares Vote Increase.

---

| | | | |
|:---|:---|:---|:---|
| **Proposal 4: Adoption of The Sixth Amended and Restated Memorandum and Articles of Association** | **For** | **Against** | **Abstain** |
| By special resolution that, the current fifth amended and restated memorandum and articles of association of the Company be amended and restated by the deletion in their entirety and the substitution in their place of the sixth amended and restated memorandum and articles of association (the "New M&A"), annexed as Annex A hereto to, among others, reflect the Class B Shares Vote Increase. |  |  |  |

---

By ordinary resolution that,

the New M&A and these resolutions be filed with the Registrar of Companies in the Cayman Islands.

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| | | | |
|:---|:---|:---|:---|
| **Proposal 5: Appointment of MaloneBailey, LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025.** | **For** | **Against** | **Abstain** |
| By ordinary resolution that MaloneBailey, LLP be appointed as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2025. |  |  |  |

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Please indicate your voting preference by ticking, or inserting the number of shares to be voted for or against or to abstain, in the boxes above in respect of each resolution. If you do not complete this section, your proxy will vote or abstain at his/her discretion, as he/she will on any other business that may be raised at the AGM.

You may instruct your proxy to vote some or all of the shares in respect of which the proxy is appointed either for or against any resolution and/or abstain from voting as such proxy need not cast the votes in respect of your shares in the same way on any resolution. In this case, please specify in the voting boxes above the number of shares in respect of which your proxy is to vote for or against or to abstain in respect of each resolution.

If you have appointed more than one proxy, please specify in the voting boxes above the number of shares in respect of which each proxy is entitled to exercise the related votes. If you do not complete this information, the first person listed above shall be entitled to exercise all the votes in relation to the relevant resolution.

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| |
|:---|
| Signed: |
| Name: |
| Date: |

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In the case of joint holders the

senior holder (see note 4 below) should sign.

Please provide the names of all other

joint holders: _____________________________

**NOTES**

**IF YOU HAVE EXECUTED A STANDING PROXY, YOUR STANDING PROXY WILL BE VOTED AS INDICATED IN NOTE 2 BELOW, UNLESS YOU ATTEND THE AGM IN PERSON OR COMPLETE AND SEND IN THIS FORM APPOINTING A SPECIFIC PROXY.**

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| | |
|:---|:---|
| 1 | A proxy need not be a shareholder of the Company. A shareholder entitled to attend and vote at the AGM is entitled to appoint one or more proxies to attend and vote in his/her stead. Please insert the name of the person(s) of your own choice that you wish to be appointed proxy in the space provided, failing which the Chairman will be appointed as your proxy. |

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| | |
|:---|:---|
| 2 | Any standing proxy previously deposited by a shareholder with the Company will be voted in favor of the resolutions to be proposed at the AGM unless revoked prior to the AGM or the shareholder attends the AGM in person or completes and returns this form appointing a specific proxy. |

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| | |
|:---|:---|
| 3 | Whether or not you propose to attend the relevant meeting(s) in person, you are strongly advised to complete, sign and return this form of proxy in accordance with these instructions. To be valid, this form must be completed and deposited (together with any power of attorney or other authority under which it is signed or a notarially certified copy of that power or authority) in 12F, China Yuangu Hanggang Technology Building, 509 Qianjiang Road, Shangcheng District, Hangzhou, Zhejiang, 310000, People's Republic of China, Attention: Proxy Operation, or send copies of the foregoing by email to zhanglu@nano.cn marked for the attention of Jianping Kong, as soon as possible and in any event not later than the close of business on December 26, 2025, Beijing time, for holding the relevant meeting or any adjourned meeting. Returning this completed form of proxy will not preclude you from attending the relevant meeting(s) and voting in person if you so wish. |

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| | |
|:---|:---|
| 4 | If two or more persons are jointly registered as holders of a share, the vote of the senior person who tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the votes of other joint holders. For this purpose seniority shall be determined by the order in which the names stand on the Company's register of shareholders in respect of the relevant shares. The senior holder should sign this form, but the names of all other joint holders should be stated on the form in the space provided. |

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| | |
|:---|:---|
| 5 | If this form is returned without an indication as to how the proxy shall vote, the proxy will exercise his/her discretion as to whether he/she votes and if so how. |

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| | |
|:---|:---|
| 6 | This form of proxy is for use by shareholders only. If the appointor is a corporate entity this form of proxy must either be under its seal or under the hand of some officer or attorney duly authorized for that purpose. |

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7 Any alterations made to this form must be initialed by you.

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| | |
|:---|:---|
| 8 | A proxy may only vote on a poll. |

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| | |
|:---|:---|
| 9 | One or more holders of shares which carry in aggregate not less than one-third of all votes attaching to all shares in issue and entitled to vote at the AGM, present in person or by proxy or, if a corporate or other non-natural person, by its duly authorized representative, shall constitute a quorum. |

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| | |
|:---|:---|
| 10 | In accordance with Article 68 of the Articles of Association of the Company, the chairperson, if any, of the Board of Directors shall preside as chairperson at every general meeting of the Company. The current chairperson of the Company is Jianping Kong, thus he shall preside as the chairman of the AGM. |

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| | |
|:---|:---|
| 11 | A shareholder holding more than one share as of the Record Date (as defined below) entitled to attend and vote at the AGM need not cast the votes in respect of such shares in the same way on any resolution and therefore may vote a share or some or all such shares either for or against a resolution and/or abstain from voting a share or some or all of the shares and, subject to the terms of the instrument appointing any proxy, a proxy appointed under one or more instruments may vote a share or some or all of the shares in respect of which he is appointed either for or against a resolution and/or abstain from voting. |

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| | |
|:---|:---|
| 12 | In accordance with Article 161 of the Articles of Association of the Company, the Company has established the close of business on December 4, 2025, Eastern time (the "**Record Date**"), as the record date for determining shareholders entitled to notice of, and to vote at, the AGM and any adjournments or postponements thereof. |

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