# EDGAR Filing Document

**Accession Number:** 0001499543
**File Stem:** 0001104659-26-073133
**Filing Date:** 2026-6
**Character Count:** 149516
**Document Hash:** 48cc371f3c4138da0784869e3dead20c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-073133.hdr.sgml**: 20260612

**ACCESSION NUMBER**: 0001104659-26-073133

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260612

**FILED AS OF DATE**: 20260612

**DATE AS OF CHANGE**: 20260612

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NOAH HOLDINGS LTD
- **CENTRAL INDEX KEY:** 0001499543
- **STANDARD INDUSTRIAL CLASSIFICATION:** INVESTMENT ADVICE [6282]
- **ORGANIZATION NAME:** 02 Finance
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34936
- **FILM NUMBER:** 261084851

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NOAH WEALTH CENTER
- **STREET 2:** 1226 SHENBIN SOUTH ROAD MINHANG DISTRICT
- **CITY:** SHANGHAI
- **PROVINCE COUNTRY:** F4
- **ZIP:** 201107
- **BUSINESS PHONE:** (86) 21 8035 8292

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** NOAH WEALTH CENTER
- **STREET 2:** 1226 SHENBIN SOUTH ROAD MINHANG DISTRICT
- **CITY:** SHANGHAI
- **PROVINCE COUNTRY:** F4
- **ZIP:** 201107

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Noah Holdings Ltd
- **DATE OF NAME CHANGE:** 20100818

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form 6-K**

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

**For the month of** **June 2026**

**Commission File Number** **: 001-34936**

**Noah Holdings Limited**

(Registrant's name)

**333 North Bridge Road, #05-11**

**Odeon 333**

**Singapore 188721**

**+** **65 6911-8211**

(Address of principal executive office)

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

Form 20-F ⌧ Form 40-F ◻

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| [Exhibit 3.1](tm2617674d1_ex3-1.htm) | [Seventh Amended and Restated Memorandum and Articles of Association](tm2617674d1_ex3-1.htm) |
| [Exhibit 99.1](tm2617674d1_ex99-1.htm) | [Press Release](tm2617674d1_ex99-1.htm) |
| [Exhibit 99.2](tm2617674d1_ex99-2.htm) | [Announcement—Poll Results of the Annual General Meeting Held on June 11, 2026 and Payment of Final Dividend and Special Dividend](tm2617674d1_ex99-2.htm) |

---

**SIGNATURE**

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

---

| | | |
|:---|:---|:---|
|  | **Noah Holdings Limited** | **Noah Holdings Limited** |
|  | By: | /s/ Qing Pan |
|  | Name: | Qing Pan |
|  | Title: | Chief Financial Officer |
| Date: June 12, 2026 |  |  |

---

## Exhibit 3.1

**Exhibit 3.1**

**THE COMPANIES ACT (AS REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**SEVENTH AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**NOAH HOLDINGS LIMITED**

Adopted by a Special Resolution

passed on June 11, 2026 and effective on June 11, 2026

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The
 name of the Company is Noah Holdings Limited.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The
 registered office of the Company shall be at the offices of Maples Corporate Services Limited,
 PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands, or at such other place
 as the Directors may from time to time decide.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Subject
 to the following provisions of this Memorandum, the objects for which the Company is established
 are unrestricted and the Company shall have full power and authority to carry out any object
 not prohibited by the Companies Act (As Revised) or as the same may be revised from time
 to time, or any other law of the Cayman Islands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Nothing
 in this Memorandum shall permit the Company to carry on a business for which a license is
 required under the laws of the Cayman Islands unless duly licensed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The
 Company shall not trade in the Cayman Islands with any person, firm or corporation except
 in furtherance of the business of the Company carried on outside the Cayman Islands; provided
 that nothing in this clause shall be construed as to prevent the Company effecting and concluding
 contracts in the Cayman Islands, and exercising in the Cayman Islands all of its powers necessary
 for the carrying on of its business outside the Cayman Islands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The
 liability of each Member is limited to the amount from time to time unpaid on such Member's
 shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. Shares
 in the Company shall be issued in the currency of the United States of America.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The
 authorized share capital of the Company is US$50,000 divided into 1,000,000,000 Ordinary
 Shares of a nominal or par value US$0.00005 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9. The
 Company has the power to redeem or purchase any of its shares and to increase or reduce the
 said capital subject to the provisions of the Companies Act (As Revised), as amended, and
 the Articles of Association and to issue any part of its capital, whether original, redeemed
 or increased with or without any preference, priority or special privilege or subject to
 any postponement of rights or to any conditions or restrictions and so that unless the conditions
 of issue shall otherwise expressly declare every issue of shares whether declared to be preference
 or otherwise shall be subject to the powers hereinbefore contained.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. The
 Company has the power to register by way of continuation as a body corporate limited by shares
 under the laws of any jurisdiction outside the Cayman Islands and to be deregistered in the
 Cayman Islands.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. Capitalized
 terms that are not defined in this Memorandum of Association bear the same meaning as those
 given in the Articles of Association of the Company.

**THE COMPANIES ACT (AS REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**SEVENTH AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**NOAH HOLDINGS LIMITED**

Adopted by a Special Resolution

passed on June 11, 2026 and effective on June 11, 2026

**INTERPRETATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. In
 these Articles, Table A in the Schedule in the Companies Act does not apply and unless otherwise
 defined, the defined terms shall have the meanings assigned to them as follows:

---

| | |
|:---|:---|
| "AFFILIATE" | with respect to any specified Person, any other Person that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control, with such specified Person; |
| "ARTICLES" | these Seventh Amended and Restated Articles of Association of the Company as altered or added to, from time to time; |
| "AUDITOR | the Person for the time being performing the duties of auditor of the Company (if any); |
| "BOARD" | the board of Directors for the time being of the Company; |
| "BUSINESS DAY" | a day (excluding Saturdays or Sundays), on which banks in Hong Kong, Shanghai, Beijing and New York are open for general banking business throughout their normal business hours; |
| "CHAIRMAN" | the Chairman appointed pursuant to Article 77; |
| "COMMISSION" | 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" | video, video-conferencing, internet or online conferencing applications, telephone or tele-conferencing and/or any other video-communication, internet or online conferencing application or telecommunications facilities by means of which all persons participating in a meeting are capable of hearing and being heard by each other and all members' rights to speak and vote at the meeting are maintained; |

---

---

| | |
|:---|:---|
| "COMPANIES ACT" | the Companies Act (As Revised) of the Cayman Islands, as amended, and any statutory amendment or reenactment thereof. Where any provision of the Companies Act is referred to, the reference is to that provision as amended by any law for the time being in force; |
| "COMPANY" | Noah Holdings Limited, a Cayman Islands exempted company limited by shares; |
| "COMPANY'S WEBSITE" | the website of the Company, the address or domain name of which has been notified to Members; |
| "CORPORATE COMMUNICATION" | the meaning given to it in the Hong Kong Listing Rules; |
| "DIRECTORS", "BOARD OF DIRECTORS" and "BOARD" | 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; |
| "ELECTRONIC" | the meaning given to it in the Electronic Transactions Act (As Revised) of the Cayman Islands and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefore; |
| "ELECTRONIC COMMUNICATION" | 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 RECORD" | the same meaning as given in the Electronic Transactions Act (As Revised) of the Cayman Islands and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefore; |
| "EXCHANGE" | The Stock Exchange of Hong Kong Limited; |
| "HONG KONG LISTING RULES" | the Rules Governing the Listing of Securities on the Exchange as amended from time to time; |
| "IN WRITING" | includes writing, printing, lithograph, photograph, type-writing and every other mode of representing words or figures in a legible and non-transitory form and, only where used in connection with a notice served by the Company on Members or other persons entitled to receive notices hereunder, shall also include a record maintained in an electronic medium which is accessible in visible form so as to be useable for subsequent reference; |
| "MEMBER" | the meaning given to it in the Companies Act; |

---

---

| | |
|:---|:---|
| "MEMORANDUM OF ASSOCIATION" | the Memorandum of Association of the Company, as amended and re-stated from time to time; |
| "MONTH" | calendar month; |
| "ORDINARY RESOLUTION" | a resolution: |
|  | (a) passed by a simple majority of votes cast by such Members as, being entitled to do so, vote in person or, in the case of any Member being an organization, by its duly authorized representative or, where proxies are allowed, by proxy at a general meeting of the Company; or |
|  | (b) approved in writing by all of the Members entitled to vote at a general meeting of the Company in one or more instruments each signed by one or more of the Members and the effective date of the resolution so adopted shall be the date on which the instrument, or the last of such instruments if more than one, is executed; |
| "ORDINARY SHARES" | an ordinary share of a nominal or par value of US$0.00005 each in the capital of the Company; |
| "PAID UP" | paid up as to the par value and any premium payable in respect of the issue of any shares and includes credited as paid up; |
| "PERSON" | any individual, partnership, firm, corporation, limited liability company, association, trust, unincorporated organization or other entity, as well as any syndicate or group that would be deemed to be a person under section 13(d)(3) of the Securities Exchange Act; |
| "PRESENT" | in respect of any person, such person's presence at a general meeting of Members, which may be satisfied by means of such person or, if a corporation or other non-natural person, its duly authorised representative (or, in the case of any Member, a proxy which has been validly appointed by such Member in accordance with these Articles), being: |
|  | (a) physically present at the meeting; or |
|  | (b) in the case of any meeting at which Communication Facilities are permitted in accordance with these Articles, including any Virtual Meeting, connected by means of the use of such Communication Facilities; |

---

---

| | |
|:---|:---|
| "RECOGNISED CLEARING HOUSE" | the meaning ascribed thereto in Part I of Schedule 1 of the Securities and Futures Ordinance (Cap. 571 of the Laws of Hong Kong) and any amendments thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefor. |
| "REGISTER OF MEMBERS" | the register to be kept by the Company in accordance with the Companies Act; |
| "SEAL" | the Common Seal of the Company (if adopted) including any facsimile thereof; |
| "SECURITIES ACT" | 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; |
| "SECURITIES EXCHANGE ACT" | the Securities Exchange Act of 1934 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" | any share in the capital of the Company and includes a fraction of a share; |
| "SIGNED" | includes 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; |
| "SPECIAL RESOLUTION" | the meaning given to it in the Companies Act and for this purpose, the requisite majority shall be not less than three-fourths of the votes of such members as, being entitled to do so, vote in person or, where proxies are allowed, by proxy or, in the case of corporations, by their duly authorised representatives, at a general meeting of which notice specifying the intention to propose the resolution as a Special Resolution has been duly given and includes a unanimous written resolution; |
| "STATUTES" | the Companies Act and every other laws and regulations of the Cayman Islands for the time being in force concerning companies and affecting the Company; |
| "SUBSIDIARIES" | with respect to any Person, any or all corporations, partnerships, limited liability companies, joint ventures, associations and other entities controlled by such person directly or indirectly through one or more intermediaries; |

---

---

| | |
|:---|:---|
| "TREASURY SHARE" | a share held in the name of the Company as a treasury share in accordance with the Companies Act; |
| "VIRTUAL MEETING" | any general meeting of Members at which the Members and any other permitted participants of such meeting (including, without limitation, the chairman of such meeting and any Directors) are permitted to attend and participate solely by means of Communication Facilities; and |
| "YEAR" | calendar year. |

---

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words
 importing the masculine gender only shall include the feminine gender;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) "written"
 and "in writing" include all modes of representing or reproducing words in visible
 form, including in the form of an Electronic Record;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) "MAY"
 shall be construed as permissive and "SHALL" shall be construed as imperative;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) a
 reference to a dollar or dollars (or $) is a reference to dollars of the United States;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) references
 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) any
 phrase introduced by the terms "including", "include", "in
 particular" or any similar expression shall be construed as illustrative and shall
 not limit the sense of the words preceding those terms; and

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The
 registered office of the Company shall be at such address in the Cayman Islands as the Directors
 shall 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.

**ISSUE OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. Subject
 to the requirements under the Hong Kong Listing Rules and the provisions, if any, in
 the Memorandum of Association, these Articles and to any direction that may be given by the
 Company in a general meeting, the Directors may, in their absolute discretion and without
 approval of the existing Members, issue Shares, grant rights over existing shares or issue
 other securities in one or more series as they deem necessary and appropriate and determine
 designations, powers, preferences, privileges and other rights, including dividend rights,
 conversion rights, terms of redemption and liquidation preferences, any or all of which may
 be greater than the powers and rights associated with the Shares held by existing Members,
 at such times and on such other terms as they think proper. The Company may hold Treasury
 Shares. The Company shall not issue Shares in bearer form.

---

| | |
|:---|:---|
| 6A. | Subject to the Statutes, these Articles, the Hong Kong Listing Rules, and without prejudice to any special rights or restrictions for the time being attached to any shares or any class of shares, the Directors may provide, out of the unissued Shares, for series of preferred shares. Before any preferred shares of any such series are issued, the Directors shall fix, by resolution or resolutions, the following provisions of the preferred shares thereof: |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether
 the 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;&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, 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 preferred shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 amount or amounts payable upon preferred shares of such series upon, and the rights of the
 holders of such series in, a voluntary or involuntary liquidation, dissolution or winding
 up, or upon any distribution of the assets, of the Company;

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

Without limiting the foregoing and subject to Article 77, the voting powers of any series of preferred shares may include the right, in the circumstances specified in the resolution or resolutions providing for the issuance of such preferred shares, to elect one or more Directors who shall serve for such term and have such voting powers as shall be stated in the resolution or resolutions providing for the issuance of such preferred shares. The term of office and voting powers of any Director elected in the manner provided in the immediately preceding sentence of this Article 6A may be greater than or less than those of any other Director or class of Directors.

---

| | |
|:---|:---|
| 6B. | To the extent permitted by the Statutes, these Articles, and the Hong Kong Listing Rules, the powers, preferences and relative, participating, optional and other special rights of each series of preferred shares, and the qualifications, limitations or restrictions thereof, if any, may differ from those of any and all other series at any time issued and outstanding. All shares of any one series of preferred shares shall be identical in all respects with all other shares of such series, except that shares of any one series issued at different times may differ as to the dates from which dividends thereon shall be cumulative. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7. [intentionally
 left blank]

**REGISTER OF MEMBERS AND SHARE CERTIFICATES**

---

| | |
|:---|:---|
| 8A. | The Company shall maintain a Register of its Members and a Member shall only be entitled to a share certificate if the Directors resolve that share certificates shall be issued. Share certificates (if any) shall specify the share or shares held by that person and the amount paid up thereon, provided that in respect of a share 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. |

---

---

| | |
|:---|:---|
| 8B. | Except when the Register of Members is closed and, if applicable, subject to the additional provisions of Article 49, the Register of Members (including any principal register and any branch register) shall during business hours be kept open for inspection by any Member without charge. The reference to business hours in this Article is subject to such reasonable restrictions as the Company in general meeting may impose, but so that not less than two hours in each Business Day is to be allowed for inspections. |

---

9A. All share certificates shall bear legends required under the applicable laws, including the Securities Act.

---

| | |
|:---|:---|
| 9B. | 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 US$1.00 or such smaller sum as the Directors shall determine. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11. 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.

**TRANSFER OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12. (a) Shares of the Company are transferable; provided that the Board
may, in its sole discretion, decline to register any transfer of any share which is not fully paid up or on which the Company has a lien.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&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;&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;&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;&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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the
 shares conceded are free of any lien in favor of the Company; and

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) If
 the Directors refuse to register a transfer they shall, within two months after the date
 on which the instrument of transfer was lodged, send to each of the transferor and the transferee
 notice of such refusal.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any
 one of the Directors authorized by the Board shall have the power to renounce the Company's
 discretion under this Article 12 and accept the transfers of shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13. The
 registration of transfers may, on 14 days' notice being given by advertisement in such
 one or more newspapers or by electronic means, be suspended and the register closed at such
 times and for such periods as the Board may from time to time determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14. Transfers
 of shares may be effected by an instrument of transfer in the usual common form, including
 without limitation the standard form of transfer as prescribed by The Stock Exchange of Hong
 Kong Limited, or in such other form as the Board may approve. The instrument of transfer
 of any share shall be in writing and executed by or on behalf of the transferor (and if the
 Directors so require, signed by the transferee) with a manual signature or a facsimile signature
 (which may be machine printed or otherwise). Without prejudice to the last preceding sentence,
 the Board may also resolve, either generally or in any particular case, upon request by either
 the transferor or transferee, to accept mechanically executed transfers. The transferor shall
 be deemed to remain a holder of the share until the name of the transferee is entered in
 the Register of Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;15. All
 instruments of transfer registered shall be retained by the Company.

**REDEMPTION AND PURCHASE OF OWN SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;16. Subject
 to the provisions of the Statutes and these Articles, the Company may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) issue
 shares on terms that they are to be redeemed or are liable to be redeemed at the option of
 the Company or the Member and the redemption of shares shall be effected on such terms and
 in such manner as the Board may, before the issue of such shares, determine;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) purchase
 its own shares (including any redeemable shares) provided that the Members shall have approved
 the manner of purchase by Ordinary Resolution or the manner of purchase is in accordance
 with the Articles 17 and 17A (this authorisation is in accordance with section 37(2) of
 the Statutes or any modification or re-enactment thereof for the time being in force); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company may make a payment in respect of the redemption or purchase of its own shares in
 any manner permitted by the Statutes, including out of capital.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17. Purchase
 of shares underlying American depositary shares listed on the New York Stock Exchange: the
 Company is authorised to purchase any share underlying American depositary shares listed
 on the New York Stock Exchange in accordance with the following manner of purchase:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 maximum number of shares that may be repurchased shall be equal to the number of issued and
 outstanding shares less one Share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 repurchase shall be at such time, at such price and on such other terms as determined and
 agreed by the Board in their sole discretion; provided, however, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) such
 repurchase transactions shall be in accordance with the relevant code, rules and regulations
 applicable to the listing and/or trading of the American depositary shares on the New York
 Stock Exchange; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) at
 the time of the repurchase, the Company is able to pay its debts as they fall due in the
 ordinary course of its business.

17A. Purchase of shares not listed on the New York Stock Exchange: the Company is authorised to purchase any shares not listed on the New York Stock Exchange in accordance with the following manner of purchase:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company shall serve a repurchase notice in a form approved by the Board on the Member from
 whom the shares are to be repurchased at least two Business Days prior to the date specified
 in the notice as being the repurchase date;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 price for the shares being repurchased shall be such price agreed between the Board and the
 applicable Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 date of repurchase shall be the date specified in the repurchase notice; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 repurchase shall be on such other terms as specified in the repurchase notice as determined
 and agreed by the Board and the applicable Member in their sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18. The
 redemption or purchase of any share shall not be deemed to give rise to the redemption or
 purchase of any other share and the Company is not obligated to purchase any other share
 other than as may be required pursuant to applicable law and any other contractual obligations
 of the Company.

19A. 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.

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| | |
|:---|:---|
| 19B. | The Directors may, prior to the purchase, redemption or surrender of any share, determine that such share shall be held as a Treasury share. 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). |

---

**VARIATION OF RIGHTS ATTACHING TO SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20. If
 at any time the share capital is divided into different classes or series of shares, the
 rights attaching to any class or series (unless otherwise provided by the terms of issue
 of the shares of that class or series) may, subject to these Articles, be varied or abrogated
 with the consent in writing of the holders of not less than three-fourths in the nominal
 value of the issued Shares of that class or series or with the sanction passed at a general
 meeting of the holders of the shares of that class or series by Members holding Shares representing
 three-fourths in nominal value of the issued Shares of that Class present in person
 or by proxy and voting at such meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;21. The
 provisions of these Articles relating to general meetings shall apply to every such general
 meeting of the holders of one class or series of shares except the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) separate
 general meetings of the holders of a class or series of shares may be called only by (i) the
 Chairman of the Board, or (ii) a majority of the entire Board of Directors (unless otherwise
 specifically provided by the terms of issue of the shares of such class or series). Nothing
 in this Article 21 or Article 20 shall be deemed to give any Member or Members
 the right to call a class or series meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 necessary quorum shall be one or more persons holding or representing by proxy at least one-third
 of the issued shares of the class or series and that any holder of shares of the class or
 series Present may demand a poll.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22. The
 rights conferred upon the holders of the shares of any class or series issued with preferred
 or other rights shall not, unless otherwise expressly provided by the terms of issue of the
 shares of that class or series, be deemed to be varied by the creation or issue of further
 shares ranking in priority thereto or pari passu therewith.

**COMMISSION ON SALE OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23. The
 Company may in so far as the Statutes from time to time permit payment of a commission to
 any person in consideration of his subscribing or agreeing to subscribe whether absolutely
 or conditionally for any shares of the Company. 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 on any issue of shares pay such brokerage as may
 be lawful.

**NON-RECOGNITION OF TRUSTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24. No
 person shall be recognised by the Company as holding any share upon any trust and the Company
 shall not 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 any interest in any
 fractional part of a share, or (except only as is otherwise provided by these Articles or
 the Statutes) any other rights in respect of any share except an absolute right to the entirety
 thereof in the registered holder.

**LIEN ON SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;25. The
 Company shall have a first and paramount lien and charge on all shares (whether fully paid-up
 or not) registered in the name of a Member (whether solely or jointly with others) for all
 debts, liabilities or engagements to or with the Company (whether presently payable or not)
 by such Member or his estate, either alone or jointly with any other person, whether a Member
 or not, but the Directors may at any time declare any share to be wholly or in part exempt
 from the provisions of this Article. The registration of a transfer of any such share shall
 operate as a waiver of the Company's lien (if any) thereon. The Company's lien
 (if any) on a share shall extend to all dividends or other monies payable in respect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26. The
 Company may sell, in such manner as the Directors think fit, any shares on which the Company
 has a lien, but no sale shall be made unless some sum in respect of which the lien exists
 is presently payable nor until the expiration of 14 calendar days after a notice in writing,
 stating and 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27. For
 giving effect to any such sale the Directors may authorise some 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28. The
 proceeds of the sale 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 at the date of the sale.

**CALLS ON SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29. Subject
 to the terms of allotment, the Directors may from time to time make calls upon the Members
 in respect of any money unpaid on their shares, and each Member shall (subject to receiving
 at least 14 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 his shares. A call shall be
 deemed to have been made at the time when the resolution of the Directors authorising such
 call was passed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30. The
 joint holders of a share shall be jointly and severally liable to pay calls in respect thereof.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33. The
 Directors may make arrangements on the issue of shares for a difference between the Members,
 or the particular shares, in the amount of calls to be paid and in the times of payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34. The
 Directors may, if they think fit, receive from any Member willing to advance the same all
 or any part of the moneys uncalled and unpaid upon any 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 Member 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**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35. If
 a Member fails to pay any call or instalment of a call on the day appointed for payment thereof,
 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 such much of the call or instalment
 as is unpaid, together with any interest which may have accrued.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36. The
 notice shall name a further day (not earlier than the expiration of 14 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.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39. A
 person whose shares have been forfeited shall cease to be a Member 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, but
 his liability shall cease if and when the Company receives payment in full of the fully paid
 up amount of the shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;40. A
 certificate in writing under the hand of a Director of the Company, which certifies that
 a share has been forfeited on a date stated in the certificate, shall be conclusive evidence
 of the facts therein stated as against all persons claiming to be entitled to the share.
 The Company may receive the consideration, if any, given for the share or any sale or disposition
 thereof and may execute a transfer of the share in favour of the person to whom the share
 is sold or disposed of and he shall thereupon 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 share be affected by any irregularity or invalidity in the proceedings in reference
 to the forfeiture, sale or disposal of the share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41. 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.

**REGISTRATION OF EMPOWERING INSTRUMENTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;42. The
 Company shall be entitled to charge a fee not exceeding one 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.

**TRANSMISSION OF SHARES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;43. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44. Any
 person becoming entitled to a share in consequence of the death or bankruptcy of a Member
 shall upon such evidence being produced as may from time to time be properly required by
 the Directors, have the right either to be registered as a Member 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. If the person so becoming entitled shall elect to be
 registered himself as holder he shall deliver or send to the Company a notice in writing
 signed by him stating that he so elects.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45. A
 person becoming entitled to a share by reason of the death or bankruptcy of the holder shall
 be entitled to the same dividends and other advantages to which he would be entitled if he
 were the registered holder of the share, except that he shall not, before being registered
 as a Member 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 90 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.

**ALTERATION OF CAPITAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;46. The
 Company may by Ordinary Resolution:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) sub-divide
 its existing shares or any of them into shares of a smaller amount 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) cancel
 any shares which, at the date of the passing of the resolution, have not been taken or agreed
 to be taken by any person and diminish the amount of its share capital by the amount of the
 shares so cancelled.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47. Subject
 to the provisions of the Statutes and these Articles as regards to the matters to be dealt
 with by Ordinary Resolution, the Company may by Special Resolution:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) alter
 or add to these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) alter
 or add to the Memorandum of Association with respect to any objects, powers or other matters
 specified therein; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) reduce
 its share capital and any capital redemption reserve in any manner authorized by law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;48. All
 new shares created hereunder shall be subject to the same provisions with reference to the
 payment of calls, liens, transfer, transmission, forfeiture and otherwise as the shares in
 the original share capital.

**CLOSING REGISTER OF MEMBERS OR FIXING RECORD DATE**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49. For
 the purpose of determining those Members that are entitled to receive notice of, attend or
 vote at any meeting of Members or any adjournment thereof, or those Members that are entitled
 to receive payment of any dividend, or in order to make a determination as to who is a Member
 for any other purpose, the Directors may provide that the Register of Members shall be closed
 for transfers for a stated period but not to exceed in any case 30 calendar days. If the
 Register of Members shall be so closed for the purpose of determining those Members that
 are entitled to receive notice of, attend or vote at a meeting of Members such register shall
 be so closed for at least 10 calendar days immediately preceding such meeting and the record
 date for such determination shall be the date of the closure of the Register of Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;50. In
 lieu of or apart from closing the Register of Members, the Directors may fix in advance a
 date as the record date for any such determination of those Members that are entitled to
 receive notice of, attend or vote at a meeting of the Members and for the purpose of determining
 those Members that are entitled to receive payment of any dividend, the Directors may, at
 or within 30 calendar days prior to the date of declaration of such dividend fix a subsequent
 date as the record date of such determination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;51. If
 the Register of Members is not so closed and no record date is fixed for the determination
 of those Members entitled to receive notice of, attend or vote at a meeting of Members or
 those Members 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 Members. When a determination of those Members that are entitled to receive notice of,
 attend or vote at a meeting of Members has been made as provided in this section, such determination
 shall apply to any adjournment thereof.

**GENERAL MEETINGS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;52. All
 general meetings of the Company other than annual general meetings shall be called extraordinary
 general meetings.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53. (a) The Company shall hold a general meeting as its annual general
meeting in each financial year, to be held within six months (or such other period as may be permitted by the Hong Kong Listing Rules or
the Exchange) after the end of such financial year. The annual general meeting shall be specified as such in the notices calling it,
and shall be held at such time and place (which, in the case of a Virtual Meeting, includes a virtual place) as the Directors shall determine.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54. (a) The Directors may call general meetings, and they shall on
a Members requisition forthwith proceed to convene an extraordinary general meeting of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A
 Members requisition is a requisition of Members of the Company holding at the date of deposit
 of the requisition not less than one-tenth of the voting rights, on a one vote per share
 basis, of the Company which as at that date carries the right of voting at general meetings
 of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 requisition must state the objects of the meeting and the resolutions to be added to the
 meeting agenda, and must be signed by the requisitionists and deposited at the principal
 place of business of the Company (with a copy forwarded to 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) If
 the Directors do not within 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 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 months after the expiration of the second said
 21 calendar days.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) The
 Directors may make Communication Facilities available for a specific general meeting or all
 general meetings of the Company so that Members and other participants may attend and participate
 at such general meetings by means of such Communication Facilities. Without limiting the
 generality of the foregoing, the Directors may determine that any general meeting may be
 held as a Virtual Meeting.

**NOTICE OF GENERAL MEETINGS**

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| | |
|:---|:---|
| 54A. | An annual general meeting shall be called by not less than 21 days' notice in writing and any extraordinary general meeting shall be called by not less than 14 days' notice in writing. Subject to the requirement under the Hong Kong Listing Rules, the notice shall be exclusive of the day on which it is served or deemed to be served and of the day for which it is given, and shall specify the time, place (which, in the case of a Virtual Meeting, includes a virtual place), and agenda of the meeting, particulars of the resolutions and the general nature of the business to be considered at the meeting. The notice convening an annual general meeting shall specify the meeting as such, and the notice convening a meeting to pass a Special Resolution shall specify the intention to propose the resolution as a Special Resolution. Notice of every general meeting shall be given to the Auditors and to all members other than such as, under the provisions hereof or the terms of issue of the shares they hold, are not entitled to receive such notice from the Company. Notwithstanding 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 the 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of an annual general meeting by all the Members (or their proxies) entitled to attend
 and vote thereat; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of an extraordinary general meeting by a majority in number of the Members (or their
 proxies) having a right to attend and vote at the meeting, being a majority together holding
 not less than ninety five percent in par value of the shares giving that right.

---

| | |
|:---|:---|
| 54B. | The notice of any general meeting at which Communication Facilities will be utilised (including any Virtual Meeting) shall specify the Communication Facilities that will be utilised, including the procedures to be followed by any Member or other participant of the general meeting who wishes to utilise such Communication Facilities for the purpose of attending, participating and voting at such meeting. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55. The
 accidental omission to give notice of a meeting to or the non-receipt of a notice of a meeting
 by any Member shall not invalidate the proceedings at any meeting.

**PROCEEDINGS AT GENERAL MEETINGS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56. No
 business shall be transacted at any general meeting unless a quorum of Members is Present
 at the time when the meeting proceeds to business. One or more Members holding not less than
 an aggregate of one-tenth of all voting share capital of the Company in issue Present and
 entitled to vote shall be a quorum for all purposes.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57. [Reserved].

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58. If
 within half an hour from the time appointed for the meeting a quorum is not Present, the
 meeting, if convened upon the requisition of Members, shall be dissolved. In any other case
 it shall stand adjourned to the same day in the next week, at the same time and place (whether
 physical or virtual), and if at the adjourned meeting a quorum is not Present within half
 an hour from the time appointed for the meeting, the meeting shall be dissolved.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59. The
 Chairman of the Board of Directors shall preside as chairman at every general meeting of
 the Company, except as provided in Article 60 below.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60. If
 at any meeting the Chairman of the Board of Directors is not Present within fifteen minutes
 after the time appointed for holding the meeting or is unwilling to act as chairman, the
 Directors Present shall elect one of their members to be chairman of the meeting, or, if
 no Director is so elected and willing to be chairman of the meeting, the Members Present
 shall choose a chairman of the meeting.

60A. The chairman of any general meeting shall be entitled to attend and participate at such general meeting by means of Communication Facilities, and to act as the chairman, in which event:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 chairman shall be deemed to be Present at the meeting; and

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61. The
 chairman of a general meeting may with the consent of any meeting at which a quorum is Present
 (and shall if so directed by the meeting) adjourn a meeting from time to time and from place
 to place (whether physical or virtual), 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 is adjourned for 10 calendar days or more, not less than 7 Business
 Days' 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62. 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 one or more Members Present entitled to vote and who together hold not less than
 10 percent of the paid up voting share capital of the Company, and unless a poll is so demanded,
 a declaration by the chairman 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63. If
 a poll is duly demanded it shall be taken in such manner (including by electronic voting)
 as the chairman directs, and the result of the poll shall be deemed to be the resolution
 of the meeting at which the poll was demanded. The demand for a poll may be withdrawn.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64. In
 the case of an equality of votes, whether on a show of hands or on a poll, the chairman of
 the meeting at which the show of hands takes place or at which the poll is demanded, shall
 not be entitled to a second or casting vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65. A
 poll demanded on the election of a chairman or on a question of adjournment shall be taken
 forthwith. A poll demanded on any other question shall be taken at such time as the chairman
 of the meeting directs.

**VOTES OF MEMBERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66. Subject
 to any rights and restrictions for the time being attached to any Shares, at any general
 meeting every Member Present shall have (a) the right to speak, (b) one vote on
 a show of hands, and (c) one vote for each share registered in his name in the Register
 of Members on a poll.

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| | |
|:---|:---|
| 66A. | Where any Member is, under the Hong Kong Listing Rules, required to abstain from voting on any particular resolution or restricted to voting only for or only against any particular resolution, any votes cast by or on behalf of such Member in contravention of such requirement or restriction shall not be counted. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67. In
 the case of joint holders the vote of the senior who tenders a vote whether in person or
 by proxy shall be accepted to the exclusion of the votes of the joint holders and for this
 purpose seniority shall be determined by the order in which the names stand in the Register
 of Members.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68. A
 Member of unsound mind, or in respect of whom an order has been made by any court having
 jurisdiction in lunacy, may vote, 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 on a poll, vote by proxy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69. No
 Member shall be entitled to vote at any general meeting unless all calls or other sums presently
 payable by him in respect of shares in the Company have been paid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70. On
 a poll, votes may be given either personally or by proxy. Any Member entitled to attend and
 vote at a meeting of the Company shall be entitled to appoint another person as his proxy
 to attend and vote instead of him. A proxy need not be a Member of the Company. On a poll,
 a Member holding more than one Share need not cast the votes in respect of their 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 the proxy, a proxy appointed
 under one or more instruments may vote a Share or some or all of the Shares in respect of
 which they are appointed either for or against a resolution and/or abstain from voting a
 Share or some or all of the Shares in respect of which they are appointed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71. The
 instrument appointing a proxy shall be in writing under the hand of the appointor or of his
 attorney duly authorized in writing or, if the appointor is a corporation, either under seal
 or under the hand of an officer or attorney duly authorized.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72. An
 instrument appointing a proxy may be in any usual or common form or such other form as the
 Directors may approve. The instrument appointing a proxy shall be deemed to confer authority
 to demand or join in demanding a poll.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73. The
 instrument appointing a proxy shall be deposited at the registered office or at such other
 place or in such other manner (including by electronic means) 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;&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;&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;&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 chairman 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 (no later than the time for holding the meeting or adjourned meeting) at the registered office or at such other place or in such other manner (including by electronic means) as is specified for that purpose in the notice convening the meeting, or in any instrument of proxy sent out by the Company. The Chairman 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74. Votes
 given in accordance with the terms of an instrument of proxy shall be valid notwithstanding
 the previous death or insanity of the principal or revocation of the proxy or of the authority
 under which the proxy was executed, or the transfer of the share in respect of which the
 proxy is given unless notice in writing of such death, insanity, revocation or transfer was
 received by the Company before the commencement of the general meeting, or adjourned meeting
 at which it is sought to use the proxy.

**CORPORATIONS ACTING BY REPRESENTATIVES AT MEETING**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75. Any
 corporation which is a Member 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 class of Members or of the Board of Directors or of a committee of
 Directors, and the person so authorized 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 Member or Director.

**CLEARING HOUSES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76. If
 a recognised clearing house (or its nominee) 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 or
 persons as it thinks fit to act as its representative or representatives at any general meeting
 of the Company or at any general meeting of any class of Members of the Company provided
 that, if more than one person is so authorized, the authorisation shall specify the number
 and class of shares in respect of which each such person is so authorized. The person so
 authorized will be deemed to have been duly authorized without the need to produce any documents
 of title, notarized authorization and/or further evidence to substantiate that that person
 is so authorized. A person so authorized pursuant to this provision shall be entitled to
 exercise the same powers on behalf of the clearing house (or its nominee) which he represents
 as that clearing house (or its nominee) could exercise if it were an individual Member of
 the Company holding the number and class of shares specified in such authorisation.

**DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77. (a) The Board shall consist of no less than five Directors, provided
that the Company may from time to time by Ordinary Resolution increase or decrease the number of Directors on the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Each
 Director shall hold office until the expiration of his term and until his successor shall
 have been elected and qualified. The Board of Directors shall have a Chairman of the Board
 of Directors (the "Chairman") elected and appointed by a majority of the Directors
 then in office. The Directors may also elect a Co-Chairman or a Vice-Chairman of the Board
 of Directors (the "Co-Chairman"). The Chairman shall preside as chairman at every
 meeting of the Board of Directors. To the extent the Chairman is not present at a meeting
 of the Board of Directors, the Co-Chairman, or in his absence, the attending Directors may
 choose one Director to be the chairman of the meeting. The Chairman's voting right
 as to the matters to be decided by the Board of Directors shall be the same as other Directors.
 Subject to these Articles and the Companies Act, the Company may by Ordinary Resolution elect
 any person to be a Director either to fill a casual vacancy on the Board or as an addition
 to the existing Board. The Directors by the affirmative vote of a simple majority of the
 remaining Directors present and voting at a Board meeting, or the sole remaining Director,
 shall have the power from time to time and at any time to appoint any person as a Director
 to fill a casual vacancy on the Board or as an addition to the existing Board, subject to
 the Company's compliance with director nomination procedures required under applicable
 New York Stock Exchange corporate governance rules, as long as the Company's American
 depositary shares are traded on the New York Stock Exchange. Any Director so appointed by
 the affirmative vote of a simple majority of the remaining Directors present and voting at
 a Board meeting, or the sole remaining Director to fill a casual vacancy on or as an addition
 to the existing Board shall hold office only until the next following annual general meeting
 of the Company and shall then be eligible for re-election at that meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) A
 Director (including a Managing Director or other executive director) may be removed (with
 or without cause) from office by Ordinary Resolution at any time before the expiration of
 his term notwithstanding any agreement between the Company and such Director (but without
 prejudice to any claim for damages under such agreement).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) A

 appointment by Ordinary Resolution at the meeting at which such Director is removed or by
 the affirmative vote of a simple majority of the remaining Directors present and voting at
 a duly called and constituted Board meeting. Notwithstanding anything to the contrary in
 these Articles, any persons entitled to designate any individual to be elected as a director
 of the Board pursuant to the Article 77(b) above shall have the right to remove
 any such director occupying such position and to fill any vacancy caused by the death, disability,
 retirement, resignation or removal of any director occupying such position during the periods
 specified in Article 77(b). If a vacancy is created on the Board at any time by the
 death, disability, retirement, resignation or removal of any director designated pursuant
 to the above Article 77(b), the replacement to fill such vacancy shall be designated
 in the same manner, in accordance with this Article 77(b), as the director whose seat
 was vacated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78. The
 Board may, subject to the requirements of the Hong Kong Listing Rules, from time to time,
 and except as required or prohibited by applicable law or the listing rules of the recognized
 stock exchange or automated quotation system where the Company's securities are traded,
 adopt, institute, amend, modify or revoke the corporate governance policies or initiatives,
 which shall be intended to set forth the policies of the Company and the Board on various
 corporate governance related matters as the Board shall determine by resolution from time
 to time.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79. 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 receive notice
 of and to attend and speak at general meetings of the Company and all classes of shares of
 the Company.

**DIRECTORS' FEES AND EXPENSES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80. The
 Directors may receive such remuneration as the Board may from time to time determine. The
 Directors may be entitled to be repaid all traveling, hotel and incidental expenses reasonably
 incurred or expected to be incurred by him in attending meetings of the Board or committees
 of the Board or general meetings or separate meetings of any class of shares or of debentures
 of the Company or otherwise in connection with the discharge of his duties as a Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81. Any
 Director who, by request, goes or resides abroad for any purpose of the Company or who performs
 services which in the opinion of the Board go beyond the ordinary duties of a Director may
 be paid such extra remuneration (whether by way of salary, commission, participation in profits
 or otherwise) as the Board may determine and such extra remuneration shall be in addition
 to or in substitution for any ordinary remuneration provided for by or pursuant to any other
 Article.

**ALTERNATE DIRECTOR**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82. Any
 Director may in writing appoint another person to be his alternate to act in his place at
 any meeting of the Directors at which he is unable to be present. Every such alternate shall
 be entitled to notice of meetings of the Directors and to attend and vote thereat as a Director
 when the person 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. An alternate Director shall cease to be an
 alternate Director if his appointor ceases to be a Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83. 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 Chairman at which such proxy is to be used, or first used, prior to the commencement
 of the meeting.

**POWERS AND DUTIES OF DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84. Subject to the provisions of the Companies Act, these Articles and to any resolutions made 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 made by the Company in a general meeting shall invalidate any prior
act of the Directors that would have been valid if that resolution had not been made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85. Subject to these Articles, the Directors may from time to time appoint any person, whether or not a Director
of the Company, to hold such office in the Company as the Directors may think necessary for the administration of the Company, including
without prejudice to the foregoing generality, the office of the Chief Executive Officer, Chief Operating Officer, Chief Financial Officer,
Chief Technology Officer, one or more Vice Presidents, 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. The Directors may also appoint one or more of their body (but not an alternate Director) to the office of Managing
Director upon like terms, but any such appointment shall ipso facto determine if any Managing Director ceases from any cause to be a Director,
or if the Company by Ordinary Resolution resolves that his tenure of office be terminated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;87. The Directors may from time to time and at any time by power of attorney appoint any company, firm or
person or body of persons, whether nominated directly or indirectly by the Directors, to be the attorney or attorneys 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 may contain such provisions
for the protection and convenience of persons dealing with any such attorney as the Directors may think fit, and may also authorise any
such attorney to delegate all or any of the powers, authorities and discretion vested in him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;88. 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 following paragraphs shall be without prejudice to the general powers conferred
by this paragraph.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89. 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 persons to be members of such committees or local boards and may appoint
any managers or agents of the Company and may fix the remuneration of any of the aforesaid.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;90. 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 up 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 person 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;91. Any such delegates as aforesaid may be authorised by the Directors to sub-delegate all or any of the powers,
authorities, and discretions for the time being vested to them.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;92. The Directors may exercise all the powers of the Company to borrow money and to mortgage or charge its
undertaking, property and uncalled capital or any part thereof, to issue debentures, debenture stock and other securities whenever money
is borrowed or as security for any debt, liability or obligation of the Company or of any third party.

**DISQUALIFICATION OF DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;93. Notwithstanding anything in these Articles, the office of Director shall be vacated, if the Director:

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) shall be removed from office pursuant to Articles 77 or the Statutes.

**PROCEEDINGS OF DIRECTORS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;94. The Directors may meet together (whether within or outside the Cayman Islands) for the dispatch of business,
adjourn, and otherwise regulate their meetings and proceedings as they think fit.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;95. A Director may at any time summon a meeting of the Directors by prior notice to every other Director and
alternate Director.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;96. Notice of a meeting of the Board shall be deemed to be duly given to a Director if it is given to such
Director verbally (in person or by telephone) or otherwise communicated or sent to such Director by post, cable, telex, telecopier, facsimile,
electronic mail or other mode of representing words in a legible form at such Director's last known address or any other address
given by such Director to the Company for this purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97. A Director or Directors may participate in any meeting of the Board of Directors, or of any committee
appointed by the Board of Directors of which such Director or Directors are members, by means of conference telephone, video conference
or similar communication equipment by way of which all persons participating in such meeting can hear each other and such participation
shall be deemed to constitute presence in person at the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98. The quorum necessary for the transaction of the business of the Directors may be fixed by the Directors
and unless so fixed shall be three Directors then in office, provided that a Director and his appointed alternate Director shall be considered
only one person for this purpose. A meeting of the Directors at which a quorum is present when the meeting proceeds to business shall
be competent to exercise all powers and discretions for the time being exercisable by the Directors. A meeting of the Directors may be
held by means of telephone or teleconferencing or any other telecommunications facility provided that all participants are thereby able
to communicate immediately by voice with all other participants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;99. If a quorum is not present at a Board meeting within thirty (30) minutes following the time appointed
for such Board meeting, the relevant meeting shall be adjourned for a period of at least three (3) Business Days and the presence
of any three (3) Directors shall constitute a quorum at such adjourned meeting. A meeting of the Directors at which a quorum is present
when the meeting proceeds to business shall be competent to exercise all powers and discretions for the time being exercisable by the
Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;100. Questions arising at any meeting of the Directors shall be decided by a majority of votes and each Director
shall be entitled to one (1) vote in deciding matters deliberated at any meeting of the Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;101. In case of equality of votes, the Chairman shall have a second or casting vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102. A Director who is in any way, whether directly or indirectly, interested in a contract or proposed contract
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 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.
A Director may vote in respect of any contract or proposed contract or arrangement 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 proposed contract or arrangement shall come before the meeting for consideration.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;103. 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 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;104. Any Director may act by himself or 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;105. The Directors shall cause minutes to be made in books or loose-leaf folders provided for the purpose of
recording:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;106. When the chairman 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;107. A resolution signed by all the Directors shall be as valid and effectual as if it had been passed at a
meeting of the Directors duly called and constituted and when signed, a resolution may consist of several documents each signed by one
or more of the Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;108. The continuing Directors may act, notwithstanding any vacancy in their body, but if their number is reduced
below the number fixed pursuant to these Articles as the necessary quorum of Directors, then the continuing Directors may act only to
increase the number or to summon a general meeting of the Company, but for no other purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;109. The Board may delegate any of its powers, authorities and discretions to committees, consisting of such
Director or Directors and other persons as it thinks fit, and they may, from time to time, revoke such delegation or revoke the appointment
of and discharge any such committees either wholly or in part, and either as to persons or purposes. Any committee so formed shall, in
the exercise of the powers, authorities and discretions so delegated, conform to any regulations which may be imposed on it by the Board.
A committee appointed by the Directors may elect a chairman of its meetings. If no such chairman is elected, or if at any meeting the
chairman is not present within five minutes after the time appointed for holding the same, the members present may choose one of their
number to be chairman of the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;110. A committee appointed by the Directors may meet and adjourn as it thinks proper. 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 chairman
shall have a second or casting vote.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;111. 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**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;112. A Director who is present at a meeting of the Board of Directors at which 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 Chairman 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, DISTRIBUTIONS AND RESERVE**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113. Subject to any rights and restrictions for the time being attached to any class or classes of shares and
these Articles, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;114. Subject to any rights and restrictions for the time being attached to any class or classes of shares and
these Articles, the Company by Ordinary Resolution may declare dividends, but no dividend shall exceed the amount recommended by the Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;115. 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, at the discretion of the Directors be applicable
for meeting contingencies, or for equalising dividends or for any other purpose to which those funds be properly applied and pending such
application may, at the like discretion, 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.

115A. Except as otherwise provided by the rights attached to any shares, dividends and other distributions may be paid in any currency. The Directors may determine the basis of conversion for any currency conversions that may be required and how any costs involved are to be met.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;116. Any dividend may be paid by cheque or wire transfer to the registered address of the Member or person
entitled thereto, or in the case of joint holders, to any one of such joint holders at his registered address or to such person and such
address as the Member or person entitled, or such joint holders as the case may be, may direct. Every such cheque shall be made payable
to the order of the person to whom it is sent or to the order of such other person as the Member or person entitled, or such joint holders
as the case may be, may direct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;117. The Directors when paying dividends to the Members in accordance with the foregoing provisions may make
such payment either in cash or in specie.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118. Dividends may be declared and paid out of profits of the Company, realised or unrealised, or from any
reserve set aside from profits which the Directors determine is no longer needed. Dividends may also be declared and paid out of share
premium account or any other fund or account which can be authorised for this purpose in accordance with the Companies Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119. Subject to the rights of persons, if any, entitled to shares with special rights as to dividends, all
dividends shall be declared and paid according to the amounts paid or credited as fully paid on the shares, but if and so long as nothing
is paid up on any of the shares in the Company dividends may be declared and paid according to the amounts 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;120. If several persons are registered as joint holders of any share, any of them may give effectual receipts
for any dividend or other moneys payable on or in respect of the share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121. No dividend shall bear interest against the Company.

**BOOK OF ACCOUNTS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;123. The books of account shall be kept at such place or places as the Directors think fit, and shall always
be open to the inspection of the Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;124. The Directors shall 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 Members
not being Directors, and no Member (not being a Director) shall have any right of inspecting any account or book or document of the Company
except as conferred by law or authorized by the Directors or by the Company by Ordinary Resolution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;125. 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 Company by Ordinary Resolution or failing any such determination by the Directors
or failing any determination as aforesaid shall not be audited.

**ANNUAL RETURNS AND FILINGS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;126. The Board shall make the requisite annual returns and any other requisite filings in accordance with the
Companies Act.

**AUDIT**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;127. The appointment, removal and remuneration of the Auditor shall be approved by a majority of the Members
or other body that is independent of the Board. The removal of an auditor before the expiration of his period of office shall require
the approval of an Ordinary Resolution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;129. Auditors shall 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 at any general
meeting of the Members.

**THE SEAL**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;130. The Seal of the Company shall not be affixed to any instrument except by the authority of a resolution
of the Board of 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 affixings of the Seal. The Seal shall be affixed 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 of the Company
is so affixed in their presence.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;131. The Company may maintain a facsimile of its 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 Board of 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 affixings 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 of the Company is so affixed in their presence of and the instrument signed by a Director or the Secretary (or an Assistant Secretary)
of the Company or in the presence of any one or more persons as the Directors may appoint for the purpose.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;132. Notwithstanding the foregoing, a Director 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.

**OFFICERS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;133. Subject to Article 85, the Company may have the Chief Executive Officer, Chief Operating Officer,
Chief Technology Officer and Chief Financial Officer, one or more Vice Presidents, Managers or Controllers, appointed by the Directors.
The Directors may also from time to time appoint such other officers as they consider necessary, all for such terms, at such remuneration
and to perform such duties, and subject to such provisions as to disqualification and removal as the Directors from time to time subscribe.

**CAPITALISATION OF PROFITS**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;134. Subject to the Statutes and these Articles, the Board may, with the authority of an Ordinary Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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), whether or not available for distribution;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) appropriate the sum resolved to be capitalised to the Members 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;&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 Members (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 Members credited as fully paid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) make any arrangements it thinks 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 Board may deal with the
fractions as it thinks fit;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the allotment to the Members 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the payment by the Company on behalf of the Members (by the application of their respective operations
of the reserves resolved to be capitalised) of the amounts or part of the amounts remaining unpaid on their existing shares, an agreement
made under the authority being effective and binding on all those Members; and

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

134A. 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;&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;&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;&nbsp;&nbsp;&nbsp;&nbsp;(c) any depositary of the Company for the purposes of the issue, allotment and delivery by the depositary
of American depositary shares 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.

**NOTICES**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;135. Except as otherwise provided in these Articles, any notice or document, including any Corporate Communication,
may be served by the Company or by the person entitled to give notice to any Member in any of the following manner to the extent permitted
by, and in compliance with the requirements of, the Hong Kong Listing Rules and any other applicable laws or regulations:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) personally by leaving it at the registered address of such Member as appearing in the Register of Members;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by facsimile or by sending it through the post in a prepaid letter or via a recognised courier service,
fees prepaid, addressed to the Member at his address as appearing in the Register of Members (which shall be sent by airmail where the
notice or document is posted from one country to another);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) by electronic means by transmitting it to any electronic number or address or website supplied by the
Member to the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) by placing it on the Company's Website and the Exchange's website; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) (in the case of notice) by advertisement published in the manner prescribed in the Hong Kong Listing Rules.

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 of Members in respect of the joint holding, and notice so given shall be sufficient notice to all the joint holders.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;136. Notices posted to addresses outside the Cayman Islands shall be forwarded by prepaid airmail.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;137. Any Member 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138. Any notice or other document, including any Corporate Communication:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) delivered personally or left at a registered address otherwise than by post shall be deemed to have been
served on the day it was so deliver or left;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) served by post shall be deemed to have been served five calendar days after the time when the letter containing
the same is posted and if served by courier, shall be deemed to have been served five calendar days after the time when the letter containing
the same is delivered to the courier (in proving such service it shall be sufficient to prove that the letter containing the notice or
document was properly addressed and duly posted or delivered to the courier);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) served by facsimile, shall be deemed to have been served upon confirmation of receipt;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) served by recognised delivery 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 and in proving such 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) given by electronic means as provided herein shall be deemed to have been served and delivered on the
day following that on which it is successfully transmitted or at such later time as may be prescribed by the Hong Kong Listing Rules and
any other applicable laws or regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) served by being placed on the Company's Website and the Exchange's website shall be deemed
to be served at the time the notice or document first appears on the Company's Website and the Exchange's website, or at such
later time as may be prescribed by the Hong Kong Listing Rules; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) served by advertisement shall be deemed to have been served on the day of issue of the official publication
and/or newspaper(s) in which the advertisement is published (or on the last day of issue if the publication and/or newspaper(s) are
published on different dates).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;139. Any notice or document delivered or sent to any Member in accordance with the terms of these Articles
shall notwithstanding that such Member 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 Member 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 of Members 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;140. Notice of every general meeting shall be given to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all Members who have supplied to the Company an address for the giving of notices to them;

&nbsp;&nbsp;&nbsp;&nbsp;&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 Member, who but for his
death or bankruptcy would be entitled to receive notice of the meeting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) each Director and Alternate Director.

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

**INFORMATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;141. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142. 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 of Members
and transfer books of the Company.

**INDEMNITY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143. Every Director (including for the purposes of this Article any Alternate Director appointed pursuant
to the provisions of these Articles) and officer of the Company for the time being and from time to time shall be indemnified and secured
harmless out of the assets and funds of the Company against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities
incurred or sustained by him in connection with the execution or discharge of his duties, powers, authorities or discretions as a Director
or officer of the Company, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities
incurred by him 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144. No such Director or officer of the Company shall be liable to the Company for any loss or damage unless
such liability arises through the willful neglect or default of such Director or officer.

**FINANCIAL YEAR**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;145. Unless the Directors otherwise prescribe, the financial year of the Company shall end on December 31st
in each year and shall begin on January 1st in each year.

**WINDING UP**

146A. Subject to the Companies Act, the Company may by special resolution resolve that the Company be wound up voluntarily.

---

| | |
|:---|:---|
| 146B. | Subject to these Articles, if the Company shall be wound up the liquidator may, with the sanction of an Ordinary Resolution of the Company, divide amongst the Members in specie or 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 such purpose set such value as he deems fair upon any property to be divided as aforesaid and may determine how such division shall be carried out as between the Members or different classes of Members. The liquidator may, with the like sanction, vest the whole or any part of such assets in trustees upon such trusts for the benefit of the contributories as the liquidator, with the like sanction shall think fit, but so that no Member shall be compelled to accept any shares or other securities whereon there is any liability. |

---

**AMENDMENT OF MEMORANDUM AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;147. The Company may at any time and from time to time by Special Resolution alter or amend these Articles
or the Memorandum of Association of the Company, in whole or in part.

**REGISTRATION BY WAY OF CONTINUATION**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148. The Company may by Ordinary 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.

## Exhibit 99.1

**Exhibit 99.1**

**Noah Holdings Limited Announces Results of Annual General Meeting and Payment of <br> Final Dividend and Special Dividend**

SINGAPORE, June 11, 2026 /PRNewswire/ -- Noah Holdings Limited ("Noah" or the "Company") (NYSE: NOAH and HKEX: 6686), a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors, today announced that its annual general meeting (the "AGM") was held in Hong Kong on June 11, 2026 and that all the proposed resolutions submitted for shareholders' approval as set forth in the notice of the AGM dated April 30, 2026 were duly passed at the AGM.

The Company also announced that it will distribute (i) a final dividend of RMB306.0 million (approximately US$45.2 million based on the latest exchange rates available as of the date of this announcement) in aggregate (with a distribution ratio of RMB0.933 (equivalent to approximately US$0.138, or approximately HK$1.073) per share (tax inclusive)) in respect of the year ended December 31, 2025; and (ii) a special dividend of RMB306.0 million (approximately US$45.2 million) in aggregate (with a distribution ratio of RMB0.933 (equivalent to approximately US$0.138, or approximately HK$1.073) per share (tax inclusive)), to shareholders whose names appear on the register of members of the Company as of the close of business on July 9, 2026 (the "Dividend Record Date"). The distribution ratio per share is subject to adjustment to the number of shares of the Company entitled to dividend distribution as of the Dividend Record Date and the equivalent U.S. dollars amount and Hong Kong dollars amount are also subject to exchange rate adjustment. The Company will make further announcement in respect of the final rate of final payment in U.S. dollars (for ADS holders and for holders of ordinary shares whose shares registered on the Company's principal share register in the Cayman Islands) and in Hong Kong dollars (for registered holders of the ordinary shares whose shares registered on the Company's Hong Kong share register in Hong Kong) on or immediately after the Dividend Record Date and in accordance with the Company's memorandum and articles of association, the Hong Kong Listing Rules, and applicable laws and regulations.

**ABOUT NOAH HOLDINGS LIMITED**

Noah Holdings Limited (NYSE: NOAH and HKEX: 6686) is a leading and pioneer wealth management service provider offering comprehensive one-stop advisory services on global investment and asset allocation primarily for global Chinese high-net-worth investors. Noah's American depositary shares, or ADSs, are listed on the New York Stock Exchange under the symbol "NOAH," and its shares are listed on the main board of the Hong Kong Stock Exchange under the stock code "6686." One ADS represents five ordinary shares, par value $0.00005 per share.

In the first quarter of 2026, Noah distributed RMB23.3 billion (US$3.4 billion) of investment products. Through Gopher Asset Management and Olive Asset Management, Noah had assets under management of RMB140.2 billion (US$20.3 billion) as of March 31, 2026.

Founded in 2005, the firm pioneered a business model combining wealth management and asset management and has continued to build its international platform over the years. As of March 31, 2026, Noah had 468,983 registered clients. The Group reports its operations under six business segments — Domestic public securities (Noah Upright), Domestic asset management (Gopher Asset Management), Domestic insurance (Glory), Overseas wealth management (ARK Wealth Management), Overseas asset management (Olive Asset Management), and Overseas insurance and comprehensive services (Glory Family Heritage) — plus headquarters. As of March 31, 2026, Noah had established branches and service capabilities across mainland China, Hong Kong, Singapore, Japan, and key U.S. markets, including New York, Los Angeles, and Silicon Valley, reflecting its international operating footprint.

For more information, please visit Noah's investor relations website at ir.noahgroup.com.

**SAFE HARBOR STATEMENT**

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Noah may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the "Hong Kong Stock Exchange"), in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Noah's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. These statements include, but are not limited to, estimates regarding the sufficiency of Noah's cash and cash equivalents and liquidity risk. A number of factors could cause Noah's actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: its goals and strategies; its future business development, financial condition and results of operations; the expected growth of the wealth management and asset management market in China and internationally; its expectations regarding demand for and market acceptance of the products it distributes; investment risks associated with investment products distributed to Noah's investors, including the risk of default by counterparties or loss of value due to market or business conditions or misconduct by counterparties; its expectations regarding keeping and strengthening its relationships with key clients; relevant government policies and regulations relating to its industries; its ability to attract and retain qualified employees; its ability to stay abreast of market trends and technological advances; its plans to invest in research and development to enhance its product choices and service offerings; competition in its industries in China and internationally; general economic and business conditions globally and in China; and its ability to effectively protect its intellectual property rights and not to infringe on the intellectual property rights of others. Further information regarding these and other risks is included in Noah's filings with the U.S. Securities and Exchange Commission and the Hong Kong Stock Exchange. All information provided in this press release and in the attachments is as of the date of this press release, and Noah does not undertake any obligation to update any such information, including forward-looking statements, as a result of new information, future events or otherwise, except as required under the applicable law.

## Exhibit 99.2

**Exhibit 99.2**

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

**Noah Holdings**

**Noah Holdings Private Wealth and Asset Management Limited**

**諾 亞 控 股 私 人 財 富 資 產 管 理 有 限 公 司**

*(Incorporated in the Cayman Islands with limited liability under the name Noah Holdings Limited and carrying on*

*business in Hong Kong as Noah Holdings Private Wealth and Asset Management Limited)*

**(NYSE Ticker Symbol: NOAH; HKEX Stock Code: 6686)**

**POLL RESULTS OF THE ANNUAL GENERAL MEETING <br> HELD ON JUNE 11, 2026**

**AND**

**PAYMENT OF FINAL DIVIDEND AND SPECIAL DIVIDEND**

**POLL RESULTS OF THE AGM**

The Board announces that all the resolutions as set out in the Notice were duly passed by the Shareholders as ordinary resolutions or special resolutions by way of poll at the AGM.

**PAYMENT OF FINAL DIVIDEND AND SPECIAL DIVIDEND**

The Board is pleased to announce that the Company will distribute (i) Final Dividend of RMB306.0 million (approximately US$45.2 million based on the latest exchange rates available as of the date of this announcement) in aggregate (with a distribution ratio of RMB0.933 (equivalent to approximately US$0.138, or approximately HK$1.073 based on the latest exchange rates available as of the date of this announcement) per share (tax inclusive)) in respect of the year ended December 31, 2025; and (ii) Special Dividend of RMB306.0 million (approximately US$45.2 million based on the latest exchange rates available as of the date of this announcement) in aggregate (with a distribution ratio of RMB0.933 (equivalent to approximately US$0.138, or approximately HK$1.073 based on the latest exchange rates available as of the date of this announcement) per share (tax inclusive)), to Shareholders whose names appear on the register of members of the Company as of the close of business on July 9, 2026 (the "**Dividend Record Date**"). The distribution ratio per share is subject to adjustment to the number of shares of the Company entitled to dividend distribution as of the Dividend Record Date and the equivalent U.S. dollars amount and Hong Kong dollars amount are also subject to exchange rate adjustment.

Reference is made to the Company's circular (the "**Circular**") in connection with the AGM and notice of the AGM (the "**Notice**") dated April 30, 2026. Unless the context requires otherwise, capitalized terms used in this announcement shall have the same meanings as those defined in the Circular.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(I)** **POLL RESULTS OF THE ANNUAL GENERAL MEETING HELD ON JUNE 11, 2026** 

The board of directors (the "**Board**") of Noah Holdings Private Wealth and Asset Management Limited (the "**Company**") is pleased to announce the poll results of the annual general meeting of the Company (the "**AGM**") held at 34/F, Tower Two, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong on Thursday, June 11, 2026 at 9:00 a.m. Hong Kong time (or 9:00 p.m. on Wednesday, June 10, 2026, New York time).

The voting results in respect of the resolutions proposed at the AGM were as follows:

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Ordinary Resolutions** | &nbsp;&nbsp;**Ordinary Resolutions** | &nbsp;&nbsp;**Number of Votes (%)** | &nbsp;&nbsp;**Number of Votes (%)** | &nbsp;&nbsp;**Number of Votes (%)** |
| &nbsp;&nbsp;**Ordinary Resolutions** | &nbsp;&nbsp;**Ordinary Resolutions** | &nbsp;&nbsp;**For** | &nbsp;&nbsp;**Against** | &nbsp;&nbsp;**Abstain<sup>1</sup>** |
| &nbsp;&nbsp;1. | &nbsp;&nbsp;To receive and consider the audited consolidated financial statements of the Company and the reports of the directors and auditor of the Company for the year ended December 31, 2025. | &nbsp;&nbsp;253,303,695<br> (99.996998%) | &nbsp;&nbsp;7,605 <br> (0.003002%) | &nbsp;&nbsp;216750<br> – |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;To re-elect the following directors of the Company (the "**Directors**"): |  |  |  |
| &nbsp;&nbsp;2. &nbsp;&nbsp;(i) | &nbsp;&nbsp;Ms. Chia-Yue Chang, to serve as a non-executive Director, subject to her earlier resignation or removal; | &nbsp;&nbsp;251,373,800 <br> (99.176231%) | &nbsp;&nbsp;2,087,940<br> (0.823769%) | &nbsp;&nbsp;66310 <br> – |
| &nbsp;&nbsp;2. &nbsp;&nbsp;(ii) | &nbsp;&nbsp;Ms. May Yihong Wu, who has served more than nine years since November 9, 2010, to serve as an independent Director, subject to her earlier resignation or removal; | &nbsp;&nbsp;194,062,255 <br> (76.564973%) | &nbsp;&nbsp;59,398,625 <br> (23.435027%) | &nbsp;&nbsp;67170 <br> – |
| &nbsp;&nbsp;2. &nbsp;&nbsp;(B) | &nbsp;&nbsp;To authorize the Board to fix the remuneration of the Directors. | &nbsp;&nbsp;249,868,280 <br> (99.476708%) | &nbsp;&nbsp;1,314,420<br> (0.523292%) | &nbsp;&nbsp;2345350<br> – |

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<sup>1</sup> According to the Companies Act (As Revised) of the Cayman Islands, the Shares in abstention do not need to be calculated as votes cast at the AGM.

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> **Ordinary Resolutions** | &nbsp;&nbsp; <br> **Ordinary Resolutions** | &nbsp;&nbsp;**Number of Votes (%)** | &nbsp;&nbsp;**Number of Votes (%)** | &nbsp;&nbsp;**Number of Votes (%)** |
| &nbsp;&nbsp; <br> **Ordinary Resolutions** | &nbsp;&nbsp; <br> **Ordinary Resolutions** | &nbsp;&nbsp;**For** | &nbsp;&nbsp;**Against** | &nbsp;&nbsp;**Abstain<sup>1</sup>** |
| &nbsp;&nbsp;3. &nbsp;&nbsp;(A) | &nbsp;&nbsp;To consider, approve and declare Final Dividend of RMB306.0 million (approximately US$44.9 million) in aggregate in respect of the year ended December 31, 2025, which will be paid out of the corporate actions budget equivalent to 50% of the non-GAAP net income attributable to Shareholders during the year ended December 31, 2025 to Shareholders whose names appear on the register of members of the Company as of the Dividend Record Date; if declared and paid, a Final Dividend of RMB0.933 (equivalent to approximately US$0.137, or approximately HK$1.072) per share (tax inclusive) in respect of the year ended December 31, 2025 will be paid out to Shareholders who are entitled to dividends, subject to adjustment to the number of Shares of the Company entitled to dividend distribution as of the record date for dividend distribution, and the equivalent U.S. dollars amount and Hong Kong dollars amount are also subject to exchange rate adjustment; and | &nbsp;&nbsp;253,419,340<br> (99.982938%) | &nbsp;&nbsp;43,245<br> (0.017062%) | &nbsp;&nbsp;65465<br> – |
| &nbsp;&nbsp;3. &nbsp;&nbsp;(B) | &nbsp;&nbsp;To consider, approve and declare Special Dividend of RMB306.0 million (approximately US$44.9 million) in aggregate, which will be paid out of the accumulated return surplus cash from the years prior to 2025, to Shareholders whose names appear on the register of members of the Company as of the Dividend Record Date; if declared and paid, a non-recurring Special Dividend of RMB0.933 (equivalent to approximately US$0.137, or approximately HK$1.072) per share (tax inclusive) will be paid out to Shareholders who are entitled to dividends, subject to adjustment to the number of Shares of the Company entitled to dividend distribution as of the record date for dividend distribution, and the equivalent U.S. dollars amount and Hong Kong dollars amount are also subject to exchange rate adjustment. | &nbsp;&nbsp;253,419,840<br> (99.983136%) | &nbsp;&nbsp;42,745<br> (0.016864%) | &nbsp;&nbsp;65465<br> – |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;To re-appoint Deloitte Touche Tohmatsu as the auditors of the Company to hold office until the conclusion of the next annual general meeting of the Company and to authorize the Board to fix its remuneration for the year ending December 31, 2026. | &nbsp;&nbsp;234,719,615<br> (92.619123%) | &nbsp;&nbsp;18,704,955<br> (7.380877%) | &nbsp;&nbsp;103480<br> – |

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| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; <br> **Ordinary Resolutions** | &nbsp;&nbsp; <br> **Ordinary Resolutions** | &nbsp;&nbsp;**Number of Votes (%)** | &nbsp;&nbsp;**Number of Votes (%)** | &nbsp;&nbsp;**Number of Votes (%)** |
| &nbsp;&nbsp; <br> **Ordinary Resolutions** | &nbsp;&nbsp; <br> **Ordinary Resolutions** | &nbsp;&nbsp;**For** | &nbsp;&nbsp;**Against** | &nbsp;&nbsp;**Abstain<sup>1</sup>** |
| &nbsp;&nbsp;5. &nbsp;&nbsp;(A) | &nbsp;&nbsp;To grant a repurchase mandate (the "**Repurchase Mandate**") to the Board to repurchase Shares and/ or ADSs not exceeding 10% of the total number of issued and outstanding shares of the Company (excluding treasury shares and shares repurchased pending for cancellation) as of the date of passing of this ordinary resolution. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;253,356,635<br> (99.988752%) | &nbsp;&nbsp;28,500<br> (0.011248%) | &nbsp;&nbsp;142915<br> – |
| &nbsp;&nbsp;5. &nbsp;&nbsp;(B) | &nbsp;&nbsp;To grant an issuance mandate (the "**Issuance Mandate**") to the Board to issue, allot or deal with additional Shares and/or ADSs (including any sale or transfer of treasury Shares) not exceeding 20% of the total number of issued and outstanding shares of the Company (excluding treasury shares and shares repurchased pending for cancellation) as of the date of passing of this ordinary resolution. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;223,800,525<br> (88.317797%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29,603,130<br> (11.682203%) | &nbsp;&nbsp;124395<br> – |
| &nbsp;&nbsp;5. &nbsp;&nbsp;(C) | &nbsp;&nbsp;Conditional upon passing of resolutions numbered 5(A) and 5(B) above, to extend the Issuance Mandate by adding the number of repurchased Shares and/or Shares underlying the ADSs under the Repurchase Mandate to the total number of Shares and/or Shares underlying the ADSs which may be allotted and issued by the Directors pursuant to the Issuance Mandate, provided that such amount shall not exceed 10% of the number of the issued and outstanding shares of the Company (excluding treasury shares and shares repurchased pending for cancellation) as of the date of passing of this resolution. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;194,892,075<br> (76.908639%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58,515,185<br> (23.091361%) | &nbsp;&nbsp;120790<br> – |
| &nbsp;&nbsp;5. &nbsp;&nbsp;(D) | &nbsp;&nbsp;Conditional upon passing of resolutions numbered 5(B) above, to consider and approve the Accelerated Vesting of the RSUs granted or to be granted under the Settlement Plans under the Issuance Mandate. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;226,897,530<br> (89.539205%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26,508,260<br> (10.460795%) | &nbsp;&nbsp;122260<br> – |
| &nbsp;&nbsp;As more than 50% of the votes were cast in favor of each of the above resolutions, all the resolutions were passed as ordinary resolutions at the AGM. | &nbsp;&nbsp;As more than 50% of the votes were cast in favor of each of the above resolutions, all the resolutions were passed as ordinary resolutions at the AGM. | &nbsp;&nbsp;As more than 50% of the votes were cast in favor of each of the above resolutions, all the resolutions were passed as ordinary resolutions at the AGM. | &nbsp;&nbsp;As more than 50% of the votes were cast in favor of each of the above resolutions, all the resolutions were passed as ordinary resolutions at the AGM. | &nbsp;&nbsp;As more than 50% of the votes were cast in favor of each of the above resolutions, all the resolutions were passed as ordinary resolutions at the AGM. |
| &nbsp;&nbsp; <br> **Special Resolution** | &nbsp;&nbsp; <br> **Special Resolution** | &nbsp;&nbsp;**Number of Votes (%)** | &nbsp;&nbsp;**Number of Votes (%)** | &nbsp;&nbsp;**Number of Votes (%)** |
| &nbsp;&nbsp; <br> **Special Resolution** | &nbsp;&nbsp; <br> **Special Resolution** | &nbsp;&nbsp;**For** | &nbsp;&nbsp;**Against** | &nbsp;&nbsp;**Abstain<sup>1</sup>** |
| &nbsp;&nbsp;6. | &nbsp;&nbsp;To adopt the New Articles of Association. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;252,081,590<br> (99.456045%) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1,378,710<br> (0.543955%) | &nbsp;&nbsp;67750 – |
| &nbsp;&nbsp;As more than 75% of the votes were cast in favour of the above resolution, it was passed as a special resolution at the AGM. | &nbsp;&nbsp;As more than 75% of the votes were cast in favour of the above resolution, it was passed as a special resolution at the AGM. | &nbsp;&nbsp;As more than 75% of the votes were cast in favour of the above resolution, it was passed as a special resolution at the AGM. | &nbsp;&nbsp;As more than 75% of the votes were cast in favour of the above resolution, it was passed as a special resolution at the AGM. | &nbsp;&nbsp;As more than 75% of the votes were cast in favour of the above resolution, it was passed as a special resolution at the AGM. |

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Please refer to the Notice for the full text of the resolutions proposed at the AGM.

The total number of issued and outstanding Shares as of the date of the AGM was 328,033,332 Shares (excluding nil treasury Shares and 9,378,935 Shares representing 1,875,787 ADSs repurchased pending for cancellation). The total number of issued and outstanding Shares as of the Shares Record Date was 327,867,117 Shares (excluding nil treasury Shares and 9,366,820 Shares representing 1,873,364 ADSs repurchased pending for cancellation)<sup>1</sup>, which was the total number of Shares entitling the Shareholders to attend and vote for or against all resolutions. There were no restrictions on any Shareholders casting votes on any of the proposed resolutions at the AGM. The Shareholders who are subject to the proposed Accelerated Vesting of the RSUs granted or to be granted under the Settlement Plans was required to and did abstain from voting on the resolutions numbered 5(B).

Save as disclosed above, no person was required under the Hong Kong Listing Rules to abstain from voting on the resolutions proposed at the AGM and no party has stated his/her/ its intention in the Circular to vote against or to abstain from voting on any of the resolutions proposed at the AGM.

The Directors, Ms. Jingbo Wang and Mr. Zhe Yin, the non-executive Directors, Ms. Chia-Yue Chang, Mr. Boquan He and Mr. David Zhang and the independent Directors, Ms. Xiangrong Li, Ms. Cynthia Jinhong Meng and Ms. May Yihong Wu attended the AGM, either in person or by means of telecommunication.

Computershare Hong Kong Investor Services Limited, the Hong Kong branch share registrar of the Company, acted as the scrutineer for counting of votes at the AGM.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(II)** **PAYMENT OF FINAL DIVIDEND AND SPECIAL DIVIDEND** 

The Board is pleased to announce that the Company will distribute (i) Final Dividend of RMB306.0 million (approximately US$45.2 million based on the latest exchange rates available as of the date of this announcement) in aggregate in respect of the year ended December 31, 2025, which will be paid out of the corporate actions budget equivalent to 50% of the non-GAAP net income attributable to Shareholders during the year ended December 31, 2025 in accordance with the capital management and shareholder return policy of the Company adopted on November 29, 2023; and (ii) Special Dividend of RMB306.0 million (approximately US$45.2 million based on the latest exchange rates available as of the date of this announcement) in aggregate, which will be paid out of the accumulated return surplus cash from the years prior to 2025, to Shareholders whose names appear on the register of members of the Company as of the Dividend Record Date for dividend distribution.

Based on the number of issued and outstanding Shares (excluding treasury Shares and Shares repurchased pending for cancellation) as of the date of the AGM, (i) a Final Dividend of RMB0.933 (equivalent to approximately US$0.138, or approximately HK$1.073 based on the latest exchange rates available as of the date of this announcement) per share (tax inclusive<sup>2</sup>) in respect of the year ended December 31, 2025, and (ii) a non-recurring Special Dividend of RMB0.933 (equivalent to approximately US$0.138, or approximately HK$1.073 based on the latest exchange rates available as of the date of this announcement) per share (tax inclusive2), will be paid out to Shareholders who are entitled to dividends, both subject to adjustment to the number of Shares of the Company entitled to dividend distribution as of Dividend Record Date for dividend distribution, and the equivalent U.S. dollars amount and Hong Kong dollars amount are also subject to exchange rate adjustment. As of the date of the AGM, 9,378,935 Shares representing 1,875,787 ADSs repurchased by the Company pending for cancellation shall not be entitled to receive any dividends or distributions.

<sup>1</sup> The total number of issued Shares as of the ADS Record Date was 327,867,117 Shares (excluding nil treasury Shares and 9,366,820 Shares representing 1,873,364 ADSs repurchased pending for cancellation).

<sup>2</sup> Tax referred to in this announcement in relation to the final dividend and special dividend means any tax that may be applicable to the Shareholder and ADS holders, whereas there is no applicable withholding tax applied to the final dividend and special dividend.

The Final Dividend and Special Dividend payable shall be converted to and paid in U.S. dollars (for ADS holders and for holders of ordinary shares whose shares registered on the Company's principal share register in the Cayman Islands) and in Hong Kong dollars (for registered holders of the ordinary shares whose shares registered on the Company's Hong Kong share register in Hong Kong). The equivalent U.S. dollars amount of the Final Dividend and Special Dividend and the equivalent Hong Kong dollars amount of the Final Dividend and Special Dividend will be ultimately calculated based on (i) the relevant exchange rate based on the most readily available effective buying rate as set forth in the H.10 statistical release of the U.S. Federal Reserve Board as of the Dividend Record Date; and (ii) the number of shares of the Company entitled to dividend distribution as of the Dividend Record Date. The Company will make further announcement in respect of the final rate of final payment in U.S. dollars (for ADS holders and for holders of ordinary shares whose shares registered on the Company's principal share register in the Cayman Islands) and in Hong Kong dollars (for registered holders of the ordinary shares whose shares registered on the Company's Hong Kong share register in Hong Kong) on or immediately after the Dividend Record Date and in accordance with the Articles of Association, the Hong Kong Listing Rules, and applicable laws and regulations.

In order to qualify for the Final Dividend and Special Dividend, for registered holders of the ordinary shares, all transfer documents together with the relevant share certificates must be lodged for registration with the Company's branch share registrar in Hong Kong, Computershare Hong Kong Investor Services Limited, at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, not later than 4:30 p.m. on July 9, 2026, Hong Kong time. The Final Dividend and Special Dividend will be payable to the holders of record of ADSs as of the close of business (5:00 p.m. New York time) on July 9, 2026.

The Final Dividend and Special Dividend are expected to be distributed on or around July 30, 2026 respectively to Shareholders whose names appear on the register of members of the Company as of the close of business on July 9, 2026. The Final Dividend and Special Dividend are expected to be distributed on or around August 6, 2026 respectively to ADS holders who hold ADSs as of the close of business (5:00 p.m. New York time) on July 9, 2026. Shareholders and ADS holders should seek professional advice from their own tax advisors regarding the possible tax implications of the respective payment of the Final Dividend and Special Dividend.

By order of the Board

**Noah Holdings Private Wealth and Asset Management Limited<br> Jingbo Wang**

*Chairwoman of the Board*

Hong Kong, June 11, 2026

*As of the date of this announcement, the Board comprises Ms. Jingbo Wang, the chairwoman of the Board and Mr. Zhe Yin as directors; Ms. Chia-Yue Chang, Mr. Boquan He and Mr. David Zhang as non-executive directors; and Ms. Xiangrong Li, Ms. Cynthia Jinhong Meng and Ms. May Yihong Wu as independent directors.*