# EDGAR Filing Document

**Accession Number:** 0002015691
**File Stem:** 0001493152-25-024989
**Filing Date:** 2025-11
**Character Count:** 118123
**Document Hash:** b645fb0c548a52ecdfe8e17f9a88dbdc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-024989.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001493152-25-024989

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251125

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elong Power Holding Ltd.
- **CENTRAL INDEX KEY:** 0002015691
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-42416
- **FILM NUMBER:** 251521756

**BUSINESS ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 3 YAN JING LI ZHONG JIE
- **STREET 2:** BLOCK B, ROOM 2110
- **CITY:** BEIJING
- **NON US STATE TERRITORY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 100025
- **BUSINESS PHONE:** (212) 818-8800

**MAIL ADDRESS:**
- **ADDRESS IS A NON US LOCATION:** YES
- **STREET 1:** 3 YAN JING LI ZHONG JIE
- **STREET 2:** BLOCK B, ROOM 2110
- **CITY:** BEIJING
- **NON US STATE TERRITORY:** BEIJING
- **PROVINCE COUNTRY:** F4
- **ZIP:** 100025

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM 6-K**

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

**For the month of November 2025**

**Commission File Number: 001-42416**

**Elong Power Holding Limited**

**(Translation of registrant's name into English)**

**3 Yan Jing Li Zhong Jie**

**Block B, Room 2110, Beijing**

**People's Republic of China, 341000**

**(Address of principal executive offices)**

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

Form 20-F ☒ Form 40-F ☐

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

**Results of Extraordinary General Meeting of Shareholders**

At the annual general meeting of shareholders (the "Meeting") of Elong Power Holding Limited (the "Company") convened at November 24, 2025, at 10:00 A.M., Beijing Time (November 23, 2025, at 9:00 P.M., Eastern Time), at 3 Yan Jing Li Zhong Jie, Jiatai International Plaza, Block B, Room 2110, Beijing, China 100025, the shareholders of the Company adopted resolutions approving all of the six proposals considered at the Meeting. A total of 16,934,027 Class A Ordinary Shares, par value $0.00001 per share of the Company, each of which is entitled to one vote per share, and 5,777,437 Class B Ordinary Shares, par value $0.00001 per share of the Company, each of which is entitled to fifty votes per share, collectively representing 305,805,877 voting power, accounting for 87.34% of the total voting power exercisable as of October 6, 2025, the record date, were present in person or by proxy at the Meeting. All matters voted on at the meeting were approved. The results of the votes, in voting power, were as follows:

1. Proposal
 One – Re-appointment of Directors

---

| | | | |
|:---|:---|:---|:---|
| **Resolution(s)** | **For** | **Against** | **Withheld/Abstain** |
| Proposal One: By an ordinary resolution, re-appoint five directors, Xiaodan Liu, Zhaohui Yang, Tung Kok Keow, Kebo Qin, and Weijun Wang, to serve on the Company's board of directors until the next annual general meeting of shareholders or until their office is otherwise vacated or they are removed in accordance with the Company's then effective memorandum and articles of association. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Xiaodan Liu | 298053640 | 6628351 | 881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Zhaohui Yang | 298058104 | 6623886 | 881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Tung Kok Keow | 298025464 | 6656526 | 881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;● Kebo Qin | 298053795 | 6628196 | 881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;●Weijun Wang | 298057537 | 6624424 | 911 |

---

2. Proposal Two – Appointment
 of HTL

---

| | | | |
|:---|:---|:---|:---|
| **Resolution(s)** | **For** | **Against** | **Withheld/Abstain** |
| Proposal Two: By an ordinary resolution, approve the appointment of Enrome LLP as the Company's independent registered public accounting firm for the fiscal year ending on December 31, 2025 | 298058139 | 6623982 | 751 |

---

3. Proposal Three –
 Approval of the Share Capital Increase

---

| | | | |
|:---|:---|:---|:---|
| **Resolution(s)** | **For** | **Against** | **Withheld/Abstain** |
| Proposal Three: By an ordinary resolution, approve an increase of the Company's authorized share capital from US$50,000 divided into 5,000,000,000 ordinary shares of a par value of US$0.00001 each, comprising 4,000,000,000 class A ordinary shares of a par value of US$0.00001 each and 1,000,000,000 class B ordinary shares of a par value of US$0.00001 each, to US$25,000,000 divided into 2,500,000,000,000 ordinary shares of a par value of US$0.00001 each, comprising 2,000,000,000,000 class A ordinary shares of a par value of US$0.00001 each (the "Class A Ordinary Shares") and 500,000,000,000 class B ordinary shares of a par value of US$0.00001 each (the "Class B Ordinary Shares"), by the creation of additional 1,996,000,000,000 Class A Ordinary Shares and 499,000,000,000 Class B Ordinary Shares.. | 299162353 | 6640503 | 3021 |

---

4. Proposal Four –
Approval of Share Consolidation

---

| | | | |
|:---|:---|:---|:---|
| **Resolution(s)** | **For** | **Against** | **Withheld/Abstain** |
| Proposal four: By an ordinary resolution, to (A) approve one or more share consolidations of the Company's issued and unissued Class A Ordinary Shares and Class B Ordinary Shares at a ratio of not less than two (2)-for-one (1) and not more than five-hundred (500)-for-one (1) aggregately (the "Range"), with the exact ratio to be set at a whole number within the Range and the exact date to be determined by the Board in its sole discretion within two years after the date of passing of these resolutions (each a "Share Consolidation" and collectively, the "Share Consolidations") provided that the aggregate ratio shall not exceed five-hundred (500)-for-one (1) and that no fractional share shall arise from the Share Consolidations, and (B) authorize the Company to round up any fractional shares resulting from the Share Consolidations to the nearest whole Class A Ordinary Share or and Class B Ordinary Share, and to authorize the Board to do all other such acts and things as the Board considers necessary or desirable for the purposes of the transactions contemplated by the Share Consolidations, including determining the Range and the exact date of the Share Consolidations and instructing the registered office provider or transfer agent of the Company to complete the necessary corporate record(s) and filing(s) to reflect the Share Consolidations. | 298041264 | 6639264 | 2344 |

---

5. Proposal Five – the
 Adoption of the Third Amended and Restated Memorandum and Articles of Association

---

| | | | |
|:---|:---|:---|:---|
| **Resolution(s)** | **For** | **Against** | **Withheld/Abstain** |
| Proposal Five: By a special resolution, subject to approval of Proposal Three and Proposal Four, approve the second amended and restated memorandum and articles of association of the Company currently in effect to be amended and restated by their deletion in their entirety and the substitution in their place with the third amended and restated memorandum and articles of association to reflect the Share Capital Increase and the Share Consolidations, with effect from the effective date of the Share Capital Increase and the Share Consolidations | 298043197 | 6638654 | 1021 |

---

6. Proposal Six –
Adjourn of the General Meeting

---

| | | | |
|:---|:---|:---|:---|
| **Resolution(s)** | **For** | **Against** | **Withheld/Abstain** |
| Proposal Six: By an ordinary resolution, adjourn the Meeting to a later date or dates, if necessary, to permit further solicitation and vote of proxies in the event that there are insufficient votes for, or otherwise in connection with, the approval of Proposals One to Five." | 298046477 | 6649886 | 232 |

---

The Company's Amended and Restated Memorandum and Articles of Association is filed as Exhibit 3.1 to this Current Report on Form 6-K.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 3.1 | [Third Amended and Restated Memorandum and Articles of Association](ex3-1.htm) |

---

**SIGNATURES**

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

---

| | |
|:---|:---|
| **Elong Power Holding Limited** | **Elong Power Holding Limited** |
| By: | */s/ Xiaodan Liu* |
| Name: | Xiaodan Liu |
| Title: | Chief Executive Officer |

---

Date: November 25, 2025

## Exhibit 3.1

**Exhibit 3.1**

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

**<u>Third Amended and Restated Memorandum and Articles of Association</u>**

**THE COMPANIES ACT (REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**THIRD AMENDED AND RESTATED MEMORANDUM OF ASSOCIATION**

**OF**

**Elong Power Holding Limited**

(adopted by a Special Resolution passed at the annual general meeting of shareholders of the Company held on 24, November 2025 (the "**AGM**") and effective upon the Share Capital Increase and Share Consolidations (each as defined in the minutes of the AGM))

1. The name of the Company
 is Elong Power Holding Limited.

2. The Registered Office of
 the Company will be situated at the offices of Harneys Fiduciary (Cayman) Limited, 4th Floor, Harbour Place, 103 South Church Street,
 P.O. Box 10240, Grand Cayman KY1-1002, Cayman Islands, or at such other location within the Cayman Islands as the Directors may from
 time to time determine.

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

4. The Company shall have
 and be capable of exercising all the functions of a natural person of full capacity irrespective of any question of corporate benefit
 as provided by the Companies Act.

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

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

7. The authorised share capital
 of the Company is US$25,000,000 divided into 2,500,000,000,000 ordinary shares of a par value of US$0.0001 each, comprising 2,000,000,000,000
 class A ordinary shares of a par value of US$0.0001 each and 500,000,000,000 class B ordinary shares of a par value of US$0.0001
 each. Subject to the Companies Act and the Articles, the Company shall have power to redeem or purchase any of its Shares and to
 increase or reduce its authorised share capital and to sub-divide or consolidate the said Shares or any of them and to issue all
 or any part of its capital whether original, redeemed, increased or reduced with or without any preference, priority, special privilege
 or other rights or subject to any postponement of rights or to any conditions or restrictions whatsoever and so that unless the conditions
 of issue shall otherwise expressly provide every issue of shares whether stated to be ordinary, preference or otherwise shall be
 subject to the powers on the part of the Company hereinbefore provided.

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

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

**THE COMPANIES ACT (REVISED)**

**OF THE CAYMAN ISLANDS**

**COMPANY LIMITED BY SHARES**

**THIRD AMENDED AND RESTATED ARTICLES OF ASSOCIATION**

**OF**

**Elong Power Holding Limited**

(adopted by a Special Resolution passed at the annual general meeting of shareholders of the Company held on 24, November 2025 (the "**AGM**") and effective upon the Share Capital Increase and Share Consolidations (each as defined in the minutes of the AGM))

**TABLE A**

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

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

---

| | |
|:---|:---|
| **"Affiliate"** | means in respect of a Person, any other Person that, directly or indirectly, through one or more intermediaries, controls, is controlled by, or is under common control with, such Person, and (i) in the case of a natural person, shall include, without limitation, such person's spouse, parents, children, siblings, mother-in-law, father-in-law, brothers-in-law and sisters-in-law, a trust for the benefit of any of the foregoing, and a corporation, partnership or any other entity wholly or jointly owned by any of the foregoing, and (ii) in the case of an entity, shall include a partnership, a corporation or any other entity or any natural person which directly, or indirectly through one or more intermediaries, controls, is controlled by, or is under common control with, such entity. The term "control" shall mean the ownership, directly or indirectly, of shares possessing more than fifty per cent (50%) of the voting power of the corporation, partnership or other entity (other than, in the case of a corporation, securities having such power only by reason of the happening of a contingency), or having the power to control the management or elect a majority of members to the board of directors or equivalent decision-making body of such corporation, partnership or other entity; |
| **"Articles"** | means these articles of association of the Company, as amended or substituted from time to time; |
| **"Board"** and **"Board of Directors"** and **"Directors"** | means the directors of the Company for the time being, or as the case may be, the directors assembled as a board or as a committee thereof; |
| **"Chairman"** | means the chairman of the Board of Directors; |

---

---

| | |
|:---|:---|
| **"Class" or "Classes"** | means any class or classes of Shares as may from time to time be issued by the Company; |

---

---

| | |
|:---|:---|
| **"Class A Ordinary Share"** | means a class A ordinary share of a par value of US$0.00001 in the capital of the Company and having the rights provided for in these Articles; |
| **"Class B Ordinary Share"** | means a class B ordinary share of a par value of US$0.00001 in the capital of the Company and having the rights provided for in these Articles; |
| **"Commission"** | means the Securities and Exchange Commission of the United States of America or any other federal agency for the time being administering the Securities Act; |
| **"Communication Facilities"** | means video, video-conferencing, internet or online conferencing applications, telephone or tele-conferencing and/or any other video-communications, internet or online conferencing application or telecommunications facilities by means of which all Persons participating in a meeting are capable of hearing and being heard by each other; |
| **"Company"** | means Elong Power Holding Limited, a Cayman Islands exempted company; |
| **"Companies Act"** | means the Companies Act (Revised) of the Cayman Islands and any statutory amendment or re-enactment thereof; |
| **"Company's Website"** | means the main corporate/investor relations website of the Company, the address or domain name of which has been disclosed in any registration statement, periodic report or other document filed by the Company with the Commission, or which has otherwise been notified to Shareholders; |
| **"Designated Stock Exchange"** | means the stock exchange in the United States on which any Shares are listed for trading; |
| **"Designated Stock Exchange Rules"** | means the relevant code, rules and regulations, as amended, from time to time, applicable as a result of the original and continued listing of any Shares on the Designated Stock Exchange; |
| **"electronic"** | has the meaning given to it in the Electronic Transactions Act and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefor; |
| **"electronic communication"** | means a communication sent by electronic means, including electronic posting to the Company's Website, transmission to any number, address or internet website (including the website of the Commission) or other electronic delivery methods as otherwise decided and approved by not less than two-thirds of the vote of the Board; |
| **"Electronic Transactions Act"** | means the Electronic Transactions Act (Revised) of the Cayman Islands and any statutory amendment or re-enactment thereof; |
| **"electronic record"** | has the meaning given to it in the Electronic Transactions Act and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefor; |

---

---

| | |
|:---|:---|
| **"Founder"** | means Ms. LIU Xiaodan, a citizen of PRC with her ID Card number as 210603197806134028; |
| **"Memorandum of Association"** | means the memorandum of association of the Company, as amended or substituted from time to time; |

---

---

| | |
|:---|:---|
| **"Ordinary Resolution"** | means a resolution: |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) passed by a simple majority
 of the votes cast by such Shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy or, in
 the case of corporations, by their duly authorised representatives, at a general meeting of the Company held in accordance with these
 Articles; or

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

---

| | |
|:---|:---|
| **"Ordinary Share"** | means a Class A Ordinary Share or a Class B Ordinary Share; |
| **"paid up"** | means paid up as to the par value in respect of the issue of any Shares and includes credited as paid up; |
| **"Person"** | means any natural person, firm, company, joint venture, partnership, corporation, association or other entity (whether or not having a separate legal personality) or any of them as the context so requires; |
| **"Present"** | means in respect of any Person, such Person's presence at a general meeting of Shareholders (or any meeting of the holders of any Class of Shares), which may be satisfied by means of such Person or, if a corporation or other non-natural Person, its duly authorised representative (or, in the case of any Shareholder, a proxy which has been validly appointed by such Shareholder in accordance with these Articles), being: (a) physically present at the meeting; or (b) in the case of any meeting at which Communication Facilities are permitted in accordance with these Articles, including any Virtual Meeting, connected by means of the use of such Communication Facilities; |
| **"Register"** | means the register of Members of the Company maintained in accordance with the Companies Act; |
| **"Registered Office"** | means the registered office of the Company as required by the Companies Act; |
| **"Seal"** | means the common seal of the Company (if adopted) including any facsimile thereof; |
| **"Secretary"** | means any Person appointed by the Directors to perform any of the duties of the secretary of the Company; |
| **"Securities Act"** | means the Securities Act of 1933 of the United States of America, as amended, or any similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time; |

---

---

| | |
|:---|:---|
| **"Share"** | means a share in the share capital of the Company. All references to "Shares" herein shall be deemed to be Shares of any or all Classes as the context may require. For the avoidance of doubt in these Articles the expression "Share" shall include a fraction of a Share; |
| **"Shareholder" or "Member"** | means a Person who is registered as the holder of one or more Shares in the Register; |

---

---

| | |
|:---|:---|
| **"Share Premium Account"** | means the share premium account established in accordance with these Articles and the Companies Act; |
| **"signed"** | means bearing a signature or representation of a signature affixed by mechanical means or an electronic symbol or process attached to or logically associated with an electronic communication and executed or adopted by a Person with the intent to sign the electronic communication; |
| **"Special Resolution"** | means a special resolution of the Company passed in accordance with the Companies Act, being a resolution: |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) passed by not less than
 two-thirds of the votes cast by such Shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy
 or, in the case of corporations, by their duly authorised representatives, at a general meeting of the Company of which notice specifying
 the intention to propose the resolution as a special resolution has been duly given; or

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

---

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

---

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

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

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

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

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

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

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

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

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

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

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

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

**PRELIMINARY**

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

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

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

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

**SHARES**

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

**MODIFICATION OF RIGHTS**

17. Whenever the capital of
 the Company is divided into different Classes the rights attached to any such Class may, subject to any rights or restrictions for
 the time being attached to any Class, only be materially adversely varied with the consent in writing of the holders of at least
 two-thirds of the issued Shares of that Class or with the sanction of a Special Resolution passed at a separate meeting of the holders
 of the Shares of that Class. Without (A) the consent in writing of the holders of more than one-half of the issued Class A Ordinary
 Shares and the holders of more than one-half of the issued Class B Ordinary Shares, or (B) the sanction of an Ordinary Resolution
 passed at a separate meeting of the holders of the Class A Ordinary Shares and of an Ordinary Resolution passed at a separate meeting
 of the holders of the Class B Ordinary Shares, each voting separately, no dividend or other distribution payable in Shares or rights
 to acquire Shares, and no division or combination of Shares, shall be effected that changes the relative voting power of the holders
 of the Class A Ordinary Shares, as a whole, compared to the holders of the Class B Ordinary Shares, as a whole. To every such separate
 meeting all the provisions of these Articles relating to general meetings of the Company or to the proceedings thereat shall, mutatis
 mutandis, apply, except that the necessary quorum shall be one or more Persons holding or representing by proxy at least one-third
 in nominal or par value amount of the issued Shares of the relevant Class (but so that if at any adjourned meeting of such holders
 a quorum as above defined is not Present, those Shareholders who are Present shall form a quorum) and that, subject to any rights
 or restrictions for the time being attached to the Shares of that Class, every Shareholder of the Class shall on a poll have one
 vote for each Share of the Class held by him. For the purposes of this Article the Directors may treat all the Classes or any two
 or more Classes as forming one Class if they consider that all such Classes would be affected in the same way by the proposals under
 consideration, but in any other case shall treat them as separate Classes.

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

**CERTIFICATES**

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

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

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

22. If a share certificate
 shall be damaged or defaced or alleged to have been lost, stolen or destroyed, a new certificate representing the same Shares may
 be issued to the relevant Member upon request, subject to delivery up of the old certificate or (if alleged to have been lost, stolen
 or destroyed) compliance with such conditions as to evidence and indemnity and the payment of out-of-pocket expenses of the Company
 in connection with the request as the Directors may think fit.

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

**FRACTIONAL SHARES**

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

**LIEN**

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

26. The Company may sell, in
 such manner as the Directors in their absolute discretion think fit, any Share on which the Company has a lien, but no sale shall
 be made unless an amount in respect of which the lien exists is presently payable nor until the expiration of fourteen (14) calendar
 days after a notice in writing, demanding payment of such part of the amount in respect of which the lien exists as is presently
 payable, has been given to the registered holder for the time being of the Share, or the Persons entitled thereto by reason of his
 death or bankruptcy.

27. For giving effect to any
 such sale the Directors may authorise a Person to transfer the Shares sold to the purchaser thereof. The purchaser shall be registered
 as the holder of the Shares comprised in any such transfer and he shall not be bound to see to the application of the purchase money,
 nor shall his title to the Shares be affected by any irregularity or invalidity in the proceedings in reference to the sale.

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

**CALLS ON SHARES**

29. Subject to the terms of
 the allotment, the Directors may from time to time make calls upon the Shareholders in respect of any moneys unpaid on their Shares,
 and each Shareholder shall (subject to receiving at least fourteen (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 such Shares. A call shall be deemed to have
 been made at the time when the resolution of the Directors authorising such call was passed.

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

31. If
 a sum called in respect of a Share is not paid before or on the day appointed for payment thereof, the Person from whom the sum is
 due shall pay interest upon the sum at the rate of eight percent per annum from the day appointed for the payment thereof to the
 time of the actual payment, but the Directors shall be at liberty to waive payment of that interest wholly or in part.

32. The
 provisions of these Articles as to the liability of joint holders and as to payment of interest shall apply in the case of non-payment
 of any sum which, by the terms of issue of a Share, becomes payable at a fixed time, whether on account of the amount of the Share,
 or by way of premium, as if the same had become payable by virtue of a call duly made and notified.

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

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

**FORFEITURE OF SHARES**

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

36. The
 notice shall name a further day (not earlier than the expiration of fourteen (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.

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.

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

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

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

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

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

**TRANSFER OF SHARES**

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

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

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

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

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

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

45. The registration of transfers
 may, on ten (10) calendar days' notice being given by advertisement in such one or more newspapers, by electronic means or
 by any other means in accordance with the Designated Stock Exchange Rules, be suspended and the Register closed at such times and
 for such periods as the Directors may, in their absolute discretion, from time to time determine, provided always that such registration
 of transfer shall not be suspended nor the Register closed for more than thirty (30) calendar days in any calendar year.

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

**TRANSMISSION OF SHARES**

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

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

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

**REGISTRATION OF EMPOWERING INSTRUMENTS**

50. 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.

**ALTERATION OF SHARE CAPITAL**

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

52. The Company may by Ordinary
 Resolution:

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

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

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

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

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

**REDEMPTION, PURCHASE AND SURRENDER OF SHARES**

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

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

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

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

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

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

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

**TREASURY SHARES**

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

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

**GENERAL MEETINGS**

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

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

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

62. (a) The Chairman or the Directors
 (acting by a resolution of the Board) may call general meetings, and they shall, subject to below Article 62(b), on a Shareholders'
 requisition as provided in below Article 62(b), forthwith proceed to convene an extraordinary general meeting of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;(b) A Shareholders' requisition
 is a requisition of Members holding at the date of deposit of the requisition Shares which carry in aggregate not less than one-half
 (1/2) of all votes attaching to all the issued and outstanding Shares that as at the date of the deposit carry the right to vote
 at general meetings of the Company; provided always that the Founder beneficially owns more than one-half (1/2) of the total voting
 rights of the Company as at the date of the deposit of the requisition Shares.

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

&nbsp;&nbsp;&nbsp;&nbsp;(d) If there are no Directors
 as at the date of the deposit of the Shareholders' requisition, or if the Directors do not within twenty-one (21) calendar
 days from the date of the deposit of the requisition duly proceed to convene a general meeting to be held within a further twenty-one
 (21) calendar days, the requisitionists, or any of them representing more than one-half (1/2) 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 (3) calendar
 months after the expiration of the said twenty-one (21) calendar days.

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

**NOTICE OF GENERAL MEETINGS**

63. At least seven (7) calendar
 days' notice shall be given for any general meeting. Every notice shall be exclusive of the day on which it is given or deemed
 to be given and of the day for which it is given and shall specify the place, the day and the hour of the meeting and the general
 nature of the business and shall be given in the manner hereinafter mentioned or in such other manner if any as may be prescribed
 by the Company, provided that a general meeting of the Company shall, whether or not the notice specified in this Article has been
 given and whether or not the provisions of these Articles regarding general meetings have been complied with, be deemed to have been
 duly convened if it is so agreed:

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

&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of an extraordinary
 general meeting, by holders of two-thirds (2/3) of the Shareholders having a right to attend and vote at the meeting, Present at
 the meeting or, in the case of a corporation or other non-natural person, represented by its duly authorised representative or proxy.

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

**PROCEEDINGS AT GENERAL MEETINGS**

65. No business except for
 the appointment of a chairman for the meeting shall be transacted at any general meeting unless a quorum of Shareholders is Present
 at the time when the meeting proceeds to business. One or more Shareholders holding Shares which carry in aggregate (or representing
 by proxy) not less than one-third (1/3) of all votes attaching to all Shares in issue and entitled to vote at such general meeting,
 Present at the meeting, shall be a quorum for all purposes.

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

67. If the Directors wish to
 make this facility available for a specific general meeting or all general meetings of the Company, attendance and participation
 in any general meeting of the Company may be by means of Communication Facilities. Without limiting the generality of the foregoing,
 the Directors may determine that any general meeting may be held as a Virtual Meeting. The notice of any general meeting at which
 Communication Facilities will be utilised (including any Virtual Meeting) must disclose the Communication Facilities that will be
 used, including the procedures to be followed by any Shareholder or other participant of the meeting who wishes to utilise such Communication
 Facilities for the purposes of attending and participating in such meeting, including attending and casting any vote thereat.

68. The Chairman, if any, shall
 preside as chairman at every general meeting of the Company.

69. If there is no such Chairman,
 or if at any general meeting he is not Present within fifteen minutes after the time appointed for holding the meeting or is unwilling
 to act as chairman of the meeting, any Director or Person nominated by the Directors shall preside as chairman of that meeting, failing
 which the Shareholders Present shall choose any Person Present to be chairman of that meeting.

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

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

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

71. The chairman of any general
 meeting at which a quorum is Present may with the consent of the meeting (and shall if so directed by the meeting) adjourn the meeting
 from time to time and from place to place, but no business shall be transacted at any adjourned meeting other than the business left
 unfinished at the meeting from which the adjournment took place. When a meeting, or adjourned meeting, is adjourned for fourteen
 (14) calendar days or more, notice of the adjourned meeting shall be given as in the case of an original meeting. Save as aforesaid
 it shall not be necessary to give any notice of an adjournment or of the business to be transacted at an adjourned meeting.

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

73. At any general meeting
 a resolution put to the vote of the meeting shall be decided by a poll.

74. A poll shall be taken in
 such manner as the chairman of the meeting directs, and the result of the poll shall be deemed to be the resolution of the meeting.

75. All questions submitted
 to a meeting shall be decided by an Ordinary Resolution except where a greater majority is required by these Articles or by the Companies
 Act. In the case of an equality of votes, the chairman of the meeting shall be entitled to a second or casting vote.

76. A poll shall be taken forthwith
 or at such time as the chairman of the meeting directs.

**VOTES OF SHAREHOLDERS**

77. Subject to any rights and
 restrictions for the time being attached to any Share, on a poll every Shareholder Present at the meeting shall have one (1) vote
 for each Class A Ordinary Share and fifty (50) votes for each Class B Ordinary Share of which such Shareholder is the holder.

78. In the case of joint holders
 the vote of the senior who tenders a vote whether in person or by proxy (or, if a corporation or other non-natural person, by its
 duly authorised representative or proxy) shall be accepted to the exclusion of the votes of the other joint holders and for this
 purpose seniority shall be determined by the order in which the names stand in the Register.

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

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

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

82. Each Shareholder, other
 than a recognised clearing house (or its nominee(s)), may only appoint one proxy on a poll. The instrument appointing a proxy shall
 be in writing under the hand of the appointor or of his attorney duly authorised in writing or, if the appointor is a corporation,
 either under Seal or under the hand of an officer or attorney duly authorised. A proxy need not be a Shareholder.

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

84. The instrument appointing
 a proxy shall be deposited at the Registered Office or at such other place as is specified for that purpose in the notice convening
 the meeting, or in any instrument of proxy sent out by the Company 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, provided that the Directors may in the notice
 convening the meeting, or in an instrument of proxy sent out by the Company, direct that the instrument appointing a proxy may be
 deposited at such other time (no later than the time for holding the meeting or adjourned meeting) at the Registered Office or at
 such other place as is specified for that purpose in the notice convening the meeting, or in any instrument of proxy sent out by
 the Company. The chairman of the meeting 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.

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

**CORPORATIONS ACTING BY REPRESENTATIVES AT MEETINGS**

86. Any corporation which is
 a Shareholder or a Director may by resolution of its directors or other governing body authorise such Person as it thinks fit to
 act as its representative at any meeting of the Company or of any meeting of holders of a Class or of the Directors or of a committee
 of Directors, and the Person so authorised shall be entitled to exercise the same powers on behalf of the corporation which he represents
 as that corporation could exercise if it were an individual Shareholder or Director.

**DEPOSITARY AND CLEARING HOUSES**

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

**DIRECTORS**

88. (a) Unless otherwise determined
 by the Company in general meeting, the number of Directors shall not be less than three (3) and not be more than nine (9) Directors,
 the exact number of Directors to be determined from time to time by the Board of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;(b) The Board of Directors
 shall elect and appoint a Chairman by a majority of the Directors then in office. Once elected, the Chairman will hold office for
 an indefinite period unless and until removed in accordance with paragraph (f) below. 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 within fifteen
 minutes after the time appointed for holding the same, the attending Directors may choose one of them to be the chairman of the meeting.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(e) An appointment of a Director
 may be on terms that the Director shall automatically retire from office (unless he has sooner vacated office) at the next or a subsequent
 annual general meeting or upon any specified event or after any specified period in a written agreement between the Company and the
 Director, if any; but no such term shall be implied in the absence of express provision. Each Director whose term of office expires
 shall be eligible for re-election at a meeting of the Shareholders or re-appointment by the Board, which may be created in accordance
 with Article 108.

&nbsp;&nbsp;&nbsp;&nbsp;(f) A Director may be removed
 from office by Ordinary Resolution (except (A) when the Founder beneficially owns less than one-half (1/2) of the total voting rights
 of the Company, a Director may only be removed from office by Special Resolution and (B) with regard to the removal of a Director
 who is the Chairman, who may be removed from office by Special Resolution), notwithstanding anything in these Articles or in any
 agreement between the Company and such Director (but without prejudice to any claim for damages under such agreement).

&nbsp;&nbsp;&nbsp;&nbsp;(g) The notice of any meeting
 at which a resolution to remove a Director shall be proposed or voted upon must contain a statement of the intention to remove that
 Director and such notice must be served on that Director not less than ten (10) calendar days before the meeting. Such Director is
 entitled to attend the meeting and be heard on the motion for his removal.

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

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

91. The remuneration of the
 Directors may be determined by the Directors and may not be determined by the Members.

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

**ALTERNATE DIRECTOR OR PROXY**

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

94. 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 of the meeting of the Directors at which such proxy is to be used, or first used, prior to the commencement of
 the meeting.

**POWERS AND DUTIES OF DIRECTORS**

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

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

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

98. 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.

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

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

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

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

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

**BORROWING POWERS OF DIRECTORS**

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

**THE SEAL**

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

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

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

**DISQUALIFICATION OF DIRECTORS**

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

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

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

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

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

**PROCEEDINGS OF DIRECTORS**

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

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

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

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

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

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

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

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

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

116. 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.

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

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

119. Subject to any regulations
 imposed on it by the Directors, 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 fifteen minutes after the time appointed for holding the meeting,
 the committee members present may choose one of them to be chairman of the meeting.

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

121. 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**

122. A Director who is present
 at a meeting of the Board of Directors at which an action on any Company matter is taken shall be presumed to have assented to the
 action taken unless his dissent shall be entered in the minutes of the meeting or unless he shall file his written dissent from such
 action with the person acting as the 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**

123. Subject to any rights and
 restrictions for the time being attached to any Shares and otherwise as provided in 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.

124. Subject to any rights and
 restrictions for the time being attached to any Shares and otherwise as provided in these Articles, the Company by Ordinary Resolution
 may declare dividends, but no dividend shall exceed the amount recommended by the Directors.

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

126. Any dividend payable in
 cash to the holder of Shares may be paid in any manner determined by the Directors. If paid by cheque it will be sent by mail addressed
 to the holder at his address in the Register, or addressed to such person and at such addresses as the holder may direct. Every such
 cheque or warrant shall, unless the holder or joint holders otherwise direct, be made payable to the order of the holder or, in the
 case of joint holders, to the order of the holder whose name stands first on the Register in respect of such Shares, and shall be
 sent at his or their risk and payment of the cheque or warrant by the bank on which it is drawn shall constitute a good discharge
 to the Company.

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

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

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

130. No dividend shall bear
 interest against the Company.

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

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

132. 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.

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

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

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

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

137. 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.

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

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

**CAPITALISATION OF RESERVES**

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(ii) paying up in full unissued
 Shares or debentures of a nominal amount equal to that sum,

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
payment by the Company on behalf of the Shareholders (by the application of their respective proportions of the reserves resolved to
be capitalised) of the amounts or part of the amounts remaining unpaid on their existing Shares,

and any such agreement made under this authority being effective and binding on all those Shareholders; and

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

141. Notwithstanding any provisions
 in these Articles and subject to the Companies Act, 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;(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;(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;(c) service providers of the
 Company or its Affiliates upon exercise or vesting of any options or awards granted under any share incentive scheme or employee
 benefit scheme or other arrangement which relates to such persons that has been adopted or approved by the Directors or the Members.

**SHARE PREMIUM ACCOUNT**

142. The Directors shall in
 accordance with the Companies Act establish a Share Premium Account and shall carry to the credit of such account from time to time
 a sum equal to the amount or value of the premium paid on the issue of any Share.

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

**NOTICES**

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) post, shall be deemed to
 have been served five (5) calendar days after the time when the letter containing the same is posted;

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

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

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

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

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

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

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

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

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

**INFORMATION**

149. Subject to the relevant
 laws, rules and regulations applicable to the Company, no Member shall be entitled to require discovery of any information in respect
 of any detail of the Company's trading or any information which is or may be in the nature of a trade secret or secret process
 which may relate to the conduct of the business of the Company and which in the opinion of the Board would not be in the interests
 of the Members of the Company to communicate to the public.

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

**INDEMNITY**

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

152. No Indemnified Person shall
 be liable:

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

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

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

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

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

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

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

**FINANCIAL YEAR**

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

**NON-RECOGNITION OF TRUSTS**

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

**WINDING UP**

155. If the Company shall be
 wound up the liquidator may, with the sanction of a Special Resolution of the Company and any other sanction required by the Companies
 Act, divide amongst the Members in species or in kind the whole or any part of the assets of the Company (whether they shall consist
 of property of the same kind or not) and may for that purpose value any assets and, subject to Article 156, determine how the division
 shall be carried out as between the Members or different classes of Members. The liquidator may, with the like sanction, vest the
 whole or any part of such assets in trustees upon such trusts for the benefit of the Members as the liquidator, with the like sanction,
 shall think fit, but so that no Member shall be compelled to accept any asset upon which there is a liability.

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

**AMENDMENT OF ARTICLES OF ASSOCIATION**

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

**CLOSING OF REGISTER OR FIXING RECORD DATE**

158. For the purpose of determining
 those Shareholders that are entitled to receive notice of, attend or vote at any meeting of Shareholders or any adjournment thereof,
 or those Shareholders that are entitled to receive payment of any dividend, or in order to make a determination as to who is a Shareholder
 for any other purpose, the Directors may provide that the Register shall be closed for transfers for a stated period which shall
 not exceed in any case thirty (30) calendar days in any calendar year.

159. In lieu of or apart from
 closing the Register, the Directors may fix in advance a date as the record date for any such determination of those Shareholders
 that are entitled to receive notice of, attend or vote at a meeting of the Shareholders and for the purpose of determining those
 Shareholders that are entitled to receive payment of any dividend the Directors may, at or within ninety (90) calendar days prior
 to the date of declaration of such dividend, fix a subsequent date as the record date for such determination.

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

**REGISTRATION BY WAY OF CONTINUATION**

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

**DISCLOSURE**

162. The Directors, or any service
 providers (including the officers, the Secretary and the Registered Office provider of the Company) specifically authorised by the
 Directors, shall be entitled to disclose to any regulatory or judicial authority or to any stock exchange on which securities of
 the Company may from time to time be listed any information regarding the affairs of the Company including without limitation information
 contained in the Register and books of the Company.

**EXCLUSIVE FORUM**

163. For the avoidance of doubt
 and without limiting the jurisdiction of the courts of the Cayman Islands to hear, settle and/or determine disputes related to the
 Company, the courts of the Cayman Islands shall be the sole and exclusive forum for (i) any derivative action or proceeding brought
 on behalf of the Company, (ii) any action asserting a claim of breach of a fiduciary duty owed by any Director, officer or other
 employee of the Company to the Company or the Members, (iii) any action asserting a claim arising pursuant to any provision of the
 Companies Act or these Articles including but not limited to any purchase or acquisition of Shares, security or guarantee provided
 in consideration thereof, or (iv) any action asserting a claim against the Company which if brought in the United States of America
 would be a claim arising under the internal affairs doctrine (as such concept is recognised under the laws of the United States from
 time to time).

164. Unless the Company consents
 in writing to the selection of an alternative forum, the United States District Court for the Southern District of New York (or,
 if the United States District Court for the Southern District of New York lacks subject matter jurisdiction over a particular dispute,
 the state courts in New York County, New York) shall be the exclusive forum within the United States for the resolution of any complaint
 asserting a cause of action arising out of or relating in any way to the federal securities laws of the United States, regardless
 of whether such legal suit, action, or proceeding also involves parties other than the Company. Any person or entity purchasing or
 otherwise acquiring any Share or other securities in the Company, or purchasing or otherwise acquiring the Shares issued pursuant
 to deposit agreements, cannot waive compliance with the federal securities laws of the United States and the rules and regulations
 thereunder with respect to claims arising under the Securities Act and shall be deemed to have notice of and consented to the provisions
 of this Article. Without prejudice to the foregoing, if the provision in this Article is held to be illegal, invalid or unenforceable
 under applicable law, the legality, validity or enforceability of the rest of these Articles shall not be affected and this Article
 shall be interpreted and construed to the maximum extent possible to apply in the relevant jurisdiction with whatever modification
 or deletion may be necessary so as best to give effect to the intention of the Company.