# EDGAR Filing Document

**Accession Number:** 0001976695
**File Stem:** 0001493152-25-012293
**Filing Date:** 2025-8
**Character Count:** 284758
**Document Hash:** 4c9722b7247546bdb82a84ca118198e3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-25-012293.hdr.sgml**: 20250825

**ACCESSION NUMBER**: 0001493152-25-012293

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 8

**CONFORMED PERIOD OF REPORT**: 20250825

**FILED AS OF DATE**: 20250825

**DATE AS OF CHANGE**: 20250825

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Mobile-health Network Solutions
- **CENTRAL INDEX KEY:** 0001976695
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-PREPACKAGED SOFTWARE [7372]
- **ORGANIZATION NAME:** 06 Technology
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-41990
- **FILM NUMBER:** 251247936

**BUSINESS ADDRESS:**
- **STREET 1:** CRICKET SQUARE, HUTCHINS DRIVE,
- **STREET 2:** P.O. BOX 2681, GRAND CAYMAN, KY1-1111,
- **CITY:** CAYMAN ISLANDS
- **STATE:** E9
- **ZIP:** 000000
- **BUSINESS PHONE:** 65 6222 5223

**MAIL ADDRESS:**
- **STREET 1:** 2 VENTURE DR,
- **STREET 2:** #07-06 VISION EXCHANGE,
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 608526

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**WASHINGTON, D.C. 20549**

**FORM 6-K**

**REPORT OF FOREIGN PRIVATE ISSUER**

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

**UNDER THE SECURITIES EXCHANGE ACT OF 1934**

**For the month of August 2025**

**Mobile-health Network Solutions**

**2 Venture Drive, #07-06/07 Vision Exchange**

**Singapore 608526**

**+65 6222 5223**

**(Address, including zip code, and telephone number, including area code, of Registrant's principal executive offices)**

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

Form 20-F ☒ Form 40-F ☐

When used in this Form 6-K, unless otherwise indicated, the terms "**the Company**," "**Mobile-Health**," "**we**," "**us**" and "**our**" refer to Mobile-health Network Solutions and its subsidiaries.

**Information Contained in this Form 6-K Report**

Mobile-health Network Solutions furnishes under the cover of Form 6-K the following in connection with the extraordinary general meeting of its shareholders:

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Notice and Proxy Statement for the Extraordinary General Meeting of the Shareholders of Mobile-health Network Solutions](ex99-1.htm) |
| 99.2 | [Form of Proxy Card](ex99-2.htm) |
| 99.3 | [Form of Amended and Restated Memorandum and Articles of Association of Mobile-health Network Solutions](ex99-3.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.

---

| | | |
|:---|:---|:---|
|  | **Mobile-health Network Solutions** | **Mobile-health Network Solutions** |
| Date: August 25, 2025 | By: | */s/ Siaw Tung Yeng* |
|  | Name: | Siaw Tung Yeng |
|  | Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**MOBILE-HEALTH NETWORK SOLUTIONS**

2 Venture Drive, #07-06/07 Vision Exchange

Singapore 608526

**NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS**<br> To be held on September 11, 2025, at 10:00 p.m. (Local Time)<br> (or any adjournment or postponement thereof)

To the Shareholders of Mobile-health Network Solutions

Notice is hereby given that the Extraordinary General Meeting ("EGM") of the Shareholders of Mobile-health Network Solutions, a Cayman Islands exempted company (the "Company") will be held on September 11, 2025, at 10:00 p.m. local time (i.e., 10:00 a.m. September 11, 2025, E.T.), and at any adjourned or postponement thereof. Eligible shareholders, as well as duly appointed proxyholders will be able to attend virtually, participate and vote at the Meeting. The board of directors of the Company has determined to convene and conduct the EGM in a virtual meeting format. To attend the virtual meeting, you will need to register in advance at <u>https://meeting.vstocktransfer.com/MOBILEHEALTHSEP25</u>. A Zoom account is required to register. Shareholders will NOT be able to attend the EGM physically in person. This proxy statement includes instructions on how to access the virtual EGM and how to listen and vote from home or any remote location with Internet connectivity.

The Notice of Extraordinary General Meeting of Shareholders, the Proxy Statement and the proxy card accompanying this letter will be first mailed to our shareholders on or about August 25, 2025.

The Extraordinary General Meeting is called for the following purposes:

1. Proposal 1: To consider and approve by an ordinary resolution
that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company undertakes a share consolidation whereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 4,214,952
 issued Class A Ordinary Shares of a nominal or par value of US$0.000032 each, held by the
 existing shareholders of the Company be consolidated into 842,990 Class A Ordinary Shares
 of a nominal or par value of US$0.00016 each, having the rights and being subject to the
 restrictions set out in the Amended and Restated Memorandum and Articles of Association (as
 defined below);

(ii) 777,035,048
 authorised but unissued Class A Ordinary Shares of a nominal or par value of US$0.000032
 each in the capital of the Company be consolidated into 155,407,010 Class A Ordinary Shares
 of a nominal or par value of US$0.00016 each, having the rights and being subject to the
 restrictions set out in the Amended and Restated Memorandum and Articles of Association;

(iii) 1,459,438
 issued Class B Ordinary Shares of a nominal or par value of US$0.000032 each, held by the
 existing shareholders of the Company be consolidated into 291,888 Class B Ordinary Shares
 of a nominal or par value of US$0.00016 each, having the rights and being subject to the
 restrictions set out in the Amended and Restated Memorandum and Articles of Association;
 and

(iv) 779,790,562
 authorised but unissued Class B Ordinary Shares of a nominal or par value of US$0.000032
 each in the capital of the Company be consolidated into 155,958,112 Class B Ordinary Shares
 of a nominal or par value of US$0.00016 each, having the rights and being subject to the
 restrictions set out in the Amended and Restated Memorandum and Articles of Association, (collectively,
(i) to (iv) above, the "  ***Share Consolidation*** "), with
effect from 23 September 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) immediately following the
 effectiveness of the Share Consolidation, the authorised share capital of the Company will be changed:

**FROM**: US$50,000 divided into 1,562,500,000 Ordinary Shares of nominal or par value of US$0.000032 each, comprising 781,250,000 Class A Ordinary Shares of nominal or par value of US$0.000032 each and 781,250,000 Class B Ordinary Shares of nominal or par value of US$0.000032 each.

**TO**: US$50,000 divided into 312,500,000 Ordinary Shares of nominal or par value of US$0.00016 each, comprising 156,250,000 Class A Ordinary Shares of nominal or par value of US$0.00016 each and 156,250,000 Class B Ordinary Shares of nominal or par value of US$0.00016 each.

i

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All fractional entitlements
 resulting from the Share Consolidation will not be issued to the shareholders of the Company and the Company is authorised to round
 up any fractional shares resulting from the Share Consolidation such that each shareholder will be entitled to receive one consolidated
 share in lieu of any fractional share that would have resulted from the Share Consolidation.

2. Proposal 2: To consider and approve by a special resolution that the existing amended and restated memorandum and articles of association of the Company be and are hereby replaced in their entirety with a new amended and restated memorandum and articles of association in the form circulated to the shareholders prior to the meeting to reflect the Share Consolidation, with effect from 23 September 2025.

A proxy statement providing information, and a form of proxy to vote, with respect to the foregoing matters accompany this notice. The Board of Directors of the Company fixed the close of business on August 11, 2025 as the record date (the "Record Date") for determining the shareholders entitled to receive notice of, to attend virtually and vote at the Meeting or at any adjournment thereof. The register of members of the Company will not be closed. A list of the shareholders entitled to vote at the Extraordinary General Meeting may be examined at the Company's offices during the 10-day period preceding the Extraordinary General Meeting.

Holders of record of the Company's ordinary shares as of the Record Date are cordially invited to attend the Extraordinary General Meeting virtually. Your vote is important. Whether or not you expect to attend the Extraordinary General Meeting, you are urged to complete, sign, date and return the accompanying proxy form as promptly as possible. We must receive the proxy form no later than noon (Singapore time) on the day of the Extraordinary General Meeting to ensure your representation at such meeting. Shareholders who execute proxies retain the right to revoke them at any time prior to the voting thereof, and may nevertheless vote online at the Extraordinary General Meeting. Shareholders may obtain a copy of these materials, free of charge, by contacting the Chairman of the Board of Directors of the Company at Venture Drive, #07-06/07 Vision Exchange, Singapore 608526 ("Principal Executive Office").

---

| |
|:---|
| By Order of the Board of Directors, |
| */s/ Siaw Tung Yeng* |
| *Siaw Tung Yeng* |
| Co-Chief Executive Officer |
| August 25, 2025 |

---

ii

**IMPORTANT**

**Whether or not you expect to attend the Extraordinary General Meeting virtually, you are urged to complete, sign, date and return the accompanying proxy form to ensure your representation at such meeting.**

**If your shares are held in street name, your broker, bank, custodian or other nominee holder cannot vote your shares, unless you direct the nominee holder how to vote by marking your proxy card.**

**MOBILE-HEALTH NETWORK SOLUTIONS**

**TABLE OF CONTENTS**

---

| | |
|:---|:---|
|  | Page |
| [Proxy Statement](#a_001) | 1 |
| [Questions and Answers about the Extraordinary General Meeting](#a_002) | 2 |
| [Proposal 1: To Approve a Share Consolidation](#a_003) | 5 |
| [Proposal 2: To Approve the Amended and Restated Memorandum and Articles of Association](#a_004) | 7 |
| [Proxy Card](#a_005) | A-1 |
| [Form of Amended and Restated Memorandum and Articles of Association of Mobile-health Network Solutions](#a_006) | B-1 |

---

iii

 ****

**MOBILE-HEALTH NETWORK SOLUTIONS**

2 Venture Drive, #07-06/07 Vision Exchange

Singapore 608526

**PROXY STATEMENT**

**for**

**EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS**

To be held on September 11, 2025, at 10:00 p.m. (Local Time)

(or any adjournment or postponement thereof)

**PROXY SOLICITATION**

This Proxy Statement is furnished in connection with the solicitation of proxies by the Board of Directors (the "Board" or the "Board of Directors") of Mobile-health Network Solutions (the "Company," "we," "us," or "our") for the Extraordinary General Meeting of Shareholders on September 11, 2025, at 10:00 p.m. local time (i.e. 10:00 a.m. September 11, 2025 E.T.) and for any adjournment or postponement thereof, for the purposes set forth in the accompanying Notice of Extraordinary General Meeting ("EGM") of Shareholders. The board of directors of the Company has determined to convene and conduct the EGM in a virtual meeting format at: <u>https://meeting.vstocktransfer.com/MOBILEHEALTHSEP25</u>*.*** Shareholders will NOT be able to attend the EGM physically in person. This proxy statement includes instructions on how to access the virtual EGM and how to listen and vote from home or any remote location with Internet connectivity. Any shareholder giving such a proxy has the power to revoke it at any time before it is voted. Written notice of such revocation should be forwarded directly to the Chairman of the Board of Directors of the Company, at the above stated address. Proxies may be solicited through the mails or direct communication with certain shareholders or their representatives by Company officers, directors, or employees, who will receive no additional compensation therefor.

If the enclosed proxy is properly executed and returned, the shares represented thereby will be voted in accordance with the directions thereon and otherwise in accordance with the judgment of the persons designated as proxies. Any proxy on which no direction is specified will be voted in favor of the actions described in this Proxy Statement.

The Company will bear the entire cost of preparing, assembling, printing and mailing this Proxy Statement, the accompanying proxy form, and any additional material that may be furnished to shareholders. The date on which this Proxy Statement and the accompanying Proxy Form will first be mailed or given to the Company's shareholders is on or about August 25, 2025.

We have elected to provide access to our proxy materials both by sending you this full set of proxy materials, including the notice of our Extraordinary General Meeting, this Proxy Statement and a proxy card to Shareholders.

**Your vote is important**. Whether or not you expect to attend the Extraordinary General Meeting virtually, you are urged to complete, sign, date and return the accompanying proxy form as promptly as possible to ensure your representation at such meeting. Shareholders who execute proxies retain the right to revoke them at any time prior to the voting thereof, and may nevertheless vote online at the Extraordinary General Meeting. If you hold your shares in street name and wish to vote your shares at the Extraordinary General Meeting, you should contact your broker, bank, custodian or other nominee holder about getting a legal proxy appointing you to vote your shares.

**QUESTIONS AND ANSWERS ABOUT THE EXTRAORDINARY GENERAL MEETING**

The following is information regarding the proxy material, Extraordinary General Meeting and voting is presented in a question and answer format.

***Q.***  ***What is the purpose of this document?*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. This
 document serves as the Company's proxy statement, including a notice of the Extraordinary
 General Meeting (the "Extraordinary General Meeting") of Shareholders (the "Meeting
 Notice"), which is being provided to Company shareholders of record at the close of
 business on August 11, 2025 (the "Record Date") because the Company's Board
 of Directors is convening the Extraordinary General Meeting and soliciting shareholders'
 proxies to vote at the Extraordinary General Meeting on the item of business outlined in
 the Meeting Notice.

***Q.***  ***Why am I receiving these materials?*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. We
 have sent you this proxy statement, including the Meeting Notice and the enclosed proxy card
 and form of the Amended and Restated Memorandum and Articles of Association because the Board
 of Directors of the Company is soliciting your proxy to vote at the Extraordinary General
 Meeting, including at any adjournments or postponements of the meeting. You are invited to
 attend the Extraordinary General Meeting to vote on the proposal described in this proxy
 statement. However, you do not need to attend the meeting to vote your shares. Instead, you
 may simply complete, sign and return the enclosed proxy card.

When you sign the enclosed proxy card, you appoint the proxy holder as your representative at the meeting. The proxy holder will vote your shares as you have instructed in the proxy card, thereby ensuring that your shares will be voted whether or not you attend the meeting. Even if you plan to attend the meeting, you should complete, sign and return your proxy card in advance of the meeting just in case your plans change.

If you have signed and returned the proxy card and an issue comes up for a vote at the meeting that is not identified on the card, the proxy holder will vote your shares, pursuant to your proxy, in accordance with his or her judgment.

The Company intends to mail this proxy statement and accompanying proxy card on or about August 25, 2025 to all shareholders entitled to vote at the Extraordinary General Meeting.

***Q.***  ***Who may vote and how many votes my I cast?*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Only
 shareholders of record on the Record Date, August 11, 2025, will are entitled to attend virtually
 and vote at the EGM or at any adjournment thereof. As of Record Date, there were 4,214,952
 Class A Ordinary Shares and 1,459,438 Class B Ordinary Shares outstanding and entitled to
 vote. Each Class A Ordinary Share is entitled to one vote on each matter and each Class B
 Ordinary Share is entitled to 10 votes on each matter. There are no preferred shares issued
 and outstanding.

***Q.***  ***How do I vote?*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. You
 may vote "For" or "Against" the proposals, or "Abstain"
 from voting on such proposals. The procedures for voting are outlined below:

<u>Shareholder of Record: Shares Registered in Your Name</u>

If you are a shareholder of record, you may vote online at the Extraordinary General Meeting by proxy using the enclosed proxy card.

● to vote online, come to the Extraordinary General Meeting, please follow the instructions on the proxy card provided to you and use the control number on the proxy card as stated; or

● to vote using the proxy card, simply complete, sign and date the enclosed proxy card and return it promptly in the envelope provided. If you return your signed proxy card to us by 11:59 p.m. ET before the day of the Extraordinary General Meeting, we will vote your shares as you direct.

<u>Beneficial Owner: Shares Registered in the Name of a Broker, Bank, Custodian or Other Nominee Holder</u>

If you received this proxy statement from your broker, bank, custodian or other nominee holder, your broker, bank, custodian or other nominee holder should have given you instructions for directing how that person or entity should vote your shares. It will then be your broker, bank, custodian or other nominee holder's responsibility to vote your shares for you in the manner you direct. Please complete, execute and return the proxy card in the envelope provided by your broker, bank, custodian or other nominee holder promptly.

Under the rules of various national and regional securities exchanges, brokers generally may vote on routine matters, such as the ratification of the engagement of an independent public accounting firm, but may not vote on non-routine matters unless they have received voting instructions from the person for whom they are holding shares. The proposals are non-routine matters and, consequently, your broker, bank, custodian or other nominee holder will not have discretionary authority to vote your shares on these matters. If your broker, bank, custodian or other nominee holder does not receive instructions from you on how to vote on this matter, your broker, bank, custodian or other nominee holder will return the proxy card to us, indicating that he or she does not have the authority to vote on these matters. This is generally referred to as a "broker non-vote" and may affect the outcome of the voting.

We therefore encourage you to provide directions to your broker, bank, custodian or other nominee holder as to how you want your shares voted on all matters to be brought before the Extraordinary General Meeting. You should do this by carefully following the instructions your broker, bank, custodian or other nominee holder gives you concerning its procedures. This ensures that your shares will be voted at the Extraordinary General Meeting.

You are also invited to attend the Extraordinary General Meeting. However, since you are not the shareholder of record, you may not vote your shares in person at the meeting unless you request and obtain a valid legal proxy from your broker, bank, custodian or other nominee holder and send that document, along with a completed voting form indicating your vote, to vote@vstocktransfer.com.

***Q.***  ***What if I change my mind after I vote via proxy?*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. If
 you hold your shares in your own name, you may revoke your proxy at any time before your
 shares are voted by:

 ****

● mailing a later dated proxy prior to the Extraordinary General Meeting;

● voting online at the Extraordinary General Meeting by following the instructions on the proxy card provided to you and using the control number on the proxy card as stated; or

● providing written notice of revocation to the Chairman of the Board of Directors of the Company at: 2 Venture Drive, #07-06/07 Vision Exchange, Singapore 608526.

If you hold your shares in the name of your broker, bank, or other fiduciary, you will need to contact that person or entity to revoke your proxy.

***Q.***  ***What does it mean if I receive more than one proxy card or voting instruction form?*** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. It
 means that you have multiple accounts at our transfer agent or with brokers, banks, or other
 fiduciaries. Please complete and return all proxy cards and voting instruction forms to ensure
 that all of your shares are voted.

***Q.***  ***How many shares must be present to hold a valid meeting?*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. For
 us to hold a valid Extraordinary General Meeting, we must have a quorum of the shareholders
 holding not less than one-third in nominal value of our total issued voting shares that are
 entitled to vote upon the business to be transacted. Proxies received but marked as abstentions
 and Broker Non-Votes will be treated as shares that are present and entitled to vote for
 purposes of determining a quorum. Your shares will be counted as present at the Extraordinary
 General Meeting if you:

● properly submit a proxy card (even if you do not provide voting instructions); or

● attend the Meeting and vote online.

On August 11, 2025, the Record Date, there were 4,214,952 Class A Ordinary Shares and 1,459,438 Class B Ordinary Shares outstanding. At least one member holding ordinary shares that represent not less than one third of the votes of the outstanding ordinary shares (i.e. at least 6,269, 7778 votes) need to be present virtually or by proxy at the Extraordinary General Meeting in order to hold the meeting and conduct business.

***Q.***  ***How many votes are required to approve an item of business?*** 

Assuming a quorum as referenced above is reached –

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Proposal
 1 will be approved if passed by a simple majority of the shareholders being entitled to do
 so, voting online or by proxy at the Extraordinary General Meeting.

B. Proposal
 2 will be approved if passed by a majority of not less than two-thirds of the shareholders
 being entitled to do so, voting online or by proxy at the Extraordinary General Meeting.

Only shares that are voted are taken into account in determining the proportion of votes cast for the proposals. Any shares not voted (whether by abstention, broker non-vote or otherwise) will not impact any of the votes.

***Q.***  ***Who pays the cost for soliciting proxies?*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. We
 will pay the cost for the solicitation of proxies by the Board of Directors. Our solicitation
 of proxies will be made primarily by mail. Proxies may also be solicited personally, by telephone,
 fax or e-mail by our officers, directors, and regular supervisory and executive employees,
 none of whom will receive any additional compensation for their services. We will also reimburse
 brokers, banks, custodians, other nominees and fiduciaries for forwarding these materials
 to beneficial holders to obtain the authorization for the execution of proxies.

***Q.***  ***Where can I find additional information about the Company?*** 

 ****

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;A. Our
 reports on 6-K, and other publicly available information, should be consulted for other important
 information about the Company. You can also find additional information about us on our web
 site at https://manadr.com/sg. The mailing address and the location of the principal executive
 office of the Company is 2 Venture Drive, #07-06/07 Vision Exchange, Singapore 608526.

**Proposal 1**

**TO APPROVE A SHARE CONSOLIDATION**

To consider and approve by an ordinary resolution that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company undertakes a share consolidation whereby:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) 4,214,952
 issued Class A Ordinary Shares of a nominal or par value of US$0.000032 each, held by the
 existing shareholders of the Company be consolidated into 842,990 Class A Ordinary Shares
 of a nominal or par value of US$0.00016 each, having the rights and being subject to the
 restrictions set out in the Amended and Restated Memorandum and Articles of Association (as
 defined below);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) 777,035,048
 authorised but unissued Class A Ordinary Shares of a nominal or par value of US$0.000032
 each in the capital of the Company be consolidated into 155,407,010 Class A Ordinary Shares
 of a nominal or par value of US$0.00016 each, having the rights and being subject to the
 restrictions set out in the Amended and Restated Memorandum and Articles of Association;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) 1,459,438
 issued Class B Ordinary Shares of a nominal or par value of US$0.000032 each, held by the
 existing shareholders of the Company be consolidated into 291,888 Class B Ordinary Shares
 of a nominal or par value of US$0.00016 each, having the rights and being subject to the
 restrictions set out in the Amended and Restated Memorandum and Articles of Association;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) 779,790,562
 authorised but unissued Class B Ordinary Shares of a nominal or par value of US$0.000032
 each in the capital of the Company be consolidated into 155,958,112 Class B Ordinary Shares
 of a nominal or par value of US$0.00016 each, having the rights and being subject to the
 restrictions set out in the Amended and Restated Memorandum and Articles of Association, (collectively,
(i) to (iv) above, the "  ***Share Consolidation*** "), with
effect from 23 September 2025.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) immediately following the
 effectiveness of the Share Consolidation, the authorised share capital of the Company will be changed:

**FROM**: US$50,000 divided into 1,562,500,000 Ordinary Shares of nominal or par value of US$0.000032 each, comprising 781,250,000 Class A Ordinary Shares of nominal or par value of US$0.000032 each and 781,250,000 Class B Ordinary Shares of nominal or par value of US$0.000032 each.

**TO**: US$50,000 divided into 312,500,000 Ordinary Shares of nominal or par value of US$0.00016 each, comprising 156,250,000 Class A Ordinary Shares of nominal or par value of US$0.00016 each and 156,250,000 Class B Ordinary Shares of nominal or par value of US$0.00016 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) All fractional entitlements
 resulting from the Share Consolidation will not be issued to the shareholders of the Company and the Company is authorised to round
 up any fractional shares resulting from the Share Consolidation such that each shareholder will be entitled to receive one consolidated
 share in lieu of any fractional share that would have resulted from the Share Consolidation.

**Purpose and Background of the Share Consolidation**

Pursuant to Nasdaq Listing Rule 5550(a)(2) (the "Price Rule"), listed securities are required to maintain a minimum bid price of $1.00 per share. If the closing bid price of the Company's Class A Ordinary Shares falls below $1.00 for 30 consecutive business days, the Company will be deemed non-compliant with the Price Rule and, because the Company effected a share consolidation on March 10, 2025, the Company, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), will be issued a delisting notice if this non-compliance occurs prior to March 10, 2026. If a delisting notice is received, the Company would then be entitled to appeal that delisting determination to a Nasdaq hearings panel. The Company's Class A Ordinary Shares would remain listed pending such an appeal. To ensure ongoing compliance with the Price Rule, our Board of Directors have proposed the Share Consolidation as a potential means of increasing our price per share of our Class A Ordinary Shares so as to maintain the price per share of our Class A Ordinary Shares above $1.00 per share.

**Potential Affected Investor Interest**

In raising this proposal, the Board of Directors considered that the Company's Class A Ordinary Shares may not appeal to brokerage firms that are reluctant to recommend lower priced securities to their clients. Investors may also be dissuaded from purchasing lower priced stocks because the brokerage commissions, as a percentage of the total transaction, tend to be higher for such stocks. Moreover, the analysts at many brokerage firms do not monitor the trading activity or otherwise provide coverage of lower priced stocks.

By approving this proposal, shareholders will approve the Company to effect a Share Consolidation which it deems in the best interests of the Company and its shareholders.

**Principal Effects of the Share Consolidation**

If implemented, the Share Consolidation will be effected simultaneously for all shares of the Company (both issued and unissued). The Share Consolidation will affect all of our shareholders uniformly and will not affect any shareholder's percentage ownership interests in the Company, except to the extent that in the case where the Share Consolidation would otherwise result in any of our shareholders owning a fractional share, the fractional number of shares held by such shareholders will be rounded up to the next whole number. After the Share Consolidation, our Ordinary Shares will have the same voting rights and rights to dividends and distributions and will be identical in all other respects to our Ordinary Shares now authorized. Ordinary Shares issued pursuant to the Share Consolidation will remain fully paid and non-assessable. The Share Consolidation will not affect the Company continuing to be subject to the periodic reporting requirements of the Exchange Act. The Share Consolidation is not intended to be, and will not have the effect of, a "going private transaction" covered by Rule 13e-3 under the Exchange Act.

The Share Consolidation may result in some shareholders owning "odd-lots" of less than 100 shares of our Ordinary Shares. Brokerage commissions and other costs of transactions in odd-lots are generally higher than the costs of transactions in "round-lots" of even multiples of 100 shares.

Following the effectiveness of such Share Consolidation approved by the shareholders, current shareholders will hold fewer shares of Ordinary Shares, but the rights and ownership percentages will remain the same.

IF THIS PROPOSAL IS NOT APPROVED, WE MAY BE UNABLE TO COMPLY WITH THE MINIMUM BID PRICE REQUIREMENT FOR CONTINUED LISTING OF OUR CLASS A ORDINARY SHARES ON THE NASDAQ CAPITAL MARKET, WHICH COULD ADVERSELY AFFECT THE LIQUIDITY AND MARKETABILITY OF OUR CLASS A ORDINARY SHARES.

**Fractional Shares**

No fractional shares will be issued in connection with the Share Consolidation. Instead, we will issue one full share of the Ordinary Shares after Share Consolidation to any shareholder who would have been entitled to receive a fractional share as a result of the Share Consolidation. Each ordinary shareholder will hold the same percentage of the outstanding Ordinary Shares immediately following the Share Consolidation as that shareholder did immediately prior to the Share Consolidation, except for minor adjustments due to the additional net share fractions that will need to be issued as a result of the treatment of fractional shares.

**Risks Associated with the Share Consolidation**

Consolidation, if any, upon the market price for our Class A Ordinary Shares cannot be accurately predicted. In particular, we cannot assure you that prices for shares of our Class A Ordinary Shares after the Share Consolidation will be the number of times equals exactly to the ratio multiplied by the prices for shares of our Class A Ordinary Shares immediately prior to the Share Consolidation. Furthermore, even if the market price of our Class A Ordinary Shares does rise following the Share Consolidation, we cannot assure you that the market price of our Class A Ordinary Shares immediately after the proposed Share Consolidation will be maintained for any period of time. Even if an increased per-share price can be maintained, the Share Consolidation may not achieve the desired results that have been outlined above. Moreover, because some investors may view the Share Consolidation negatively, we cannot assure you that the Share Consolidation will not adversely impact the market price of our Class A Ordinary Shares.

The market price of our Class A Ordinary Shares will also be based on our performance and other factors, some of which are unrelated to the Share Consolidation or the number of shares outstanding. If the Share Consolidation is effected and the market price of our Class A Ordinary Shares declines, the percentage declines as an absolute number and as a percentage of our overall market capitalization may be greater than would occur in the absence of a Share Consolidation. The total market capitalization of our Class A Ordinary Shares after implementation of the Share Consolidation, when and if implemented, may also be lower than the total market capitalization before the Share Consolidation. Furthermore, the liquidity of our Class A Ordinary Shares could be adversely affected by the reduced number of shares that would be outstanding after the Share Consolidation.

While we believe that the Share Consolidation will be sufficient to maintain our listing on The Nasdaq Stock Market, it is possible that, even if the Share Consolidation results in a closing price for our Class A Ordinary Shares that exceeds $1.00 per share, we may not be able to continue to satisfy other criteria for continued listing of our Class A Ordinary Shares on The Nasdaq Stock Market. Although we believe that we will continue satisfying all of the other continued listing criteria, we cannot assure you that this will be the case.

**Vote Required to Approve Proposal 1**

Proposal 1 will be approved only if it receives the affirmative vote of at least a simple majority of the shareholders being entitled to do so, voting online or by proxy at the Extraordinary General Meeting assuming a quorum reaches.

**WE RECOMMEND A VOTE "FOR" THE PROPOSAL TO APPROVE THE SHARE CONSOLIDATION**

**Proposal 2**

**TO APPROVE THE AMENDED AND RESTATED MEMORANDUM AND ARTICLES OF ASSOCIATION**

To consider and approve by a special resolution that the existing amended and restated memorandum and articles of association of the Company be and are hereby replaced in their entirety with a new amended and restated memorandum and articles of association in the form circulated to the shareholders prior to the meeting to reflect the Share Consolidation, with effect from 23 September 2025.

**Vote Required to Approve Proposal 2**

Proposal 2 will be approved only if it receives the affirmative vote of not less than two-thirds of the shareholders being entitled to do so, voting online or by proxy at the Extraordinary General Meeting assuming a quorum reaches.

**WE RECOMMEND A VOTE "FOR" THE PROPOSAL TO APPROVE THE AMENDED AND RESTATED THE MEMORANDUM AND ARTICLES OF ASSOCIATION**

**Transfer Agent and Registrar**

The transfer agent and registrar for our ordinary shares is VStock Transfer, LLC. Its address is 18 Lafayette Place, Woodmere, New York 11598, and its telephone number is +1 (212) 828-8436.

**Where You Can Find More Information**

We file annual report and other documents with the SEC under the Exchange Act. Our SEC filings made electronically through the SEC's EDGAR system are available to the public at the SEC's website at http://www.sec.gov.

---

| |
|:---|
| By Order of the Board of Directors, |
| */s/ Siaw Tung Yeng* |
| Siaw Tung Yeng |
| Chairman of the Board |

---

Date: August 25, 2025

<u>Annex A</u>

Form of Proxy Card

![](annexa_001.jpg)

![](annexa_002.jpg)

<u>Annex B</u>

Form of Amended and Restated Memorandum and Articles of Association of<br> Mobile-health Network Solutions

**THE COMPANIES ACT (REVISED)<br> OF THE CAYMAN ISLANDS**

**EXEMPTED COMPANY LIMITED BY SHARES**

**AMENDED AND RESTATED<br> MEMORANDUM OF ASSOCIATION**

**OF**

**Mobile-health Network Solutions**

(adopted with effect from 23 September 2025 by a Special Resolution passed on 11 September 2025)

1. **NAME** 

1.1 The
 name of the Company is Mobile-health Network Solutions.

2. **REGISTERED OFFICE** 

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

3. **OBJECTS** 

3.1 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. **CAPACITY** 

4.1 Subject
 to paragraph 5 of this Memorandum of Association, 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. **EXEMPTED COMPANY** 

5.1 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. **LIABILITY OF SHAREHOLDERS** 

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

7. **SHARE CAPITAL** 

7.1 The
 authorised share capital of the Company is US$50,000 divided into 312,500,000 Ordinary
 Shares of nominal or par value of US$0.00016 each, comprising 156,250,000 Class A Shares
 of nominal or par value of US$0.00016 each and 156,250,000 Class B Shares of nominal or
 par value of US$0.00016 each. Subject to the Companies Act, the Articles and, where applicable,
 the Designated Stock Exchange Rules, 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. **CONTINUATION** 

8.1 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. **DEFINITIONS** 

9.1 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**

**EXEMPTED COMPANY LIMITED BY SHARES**

**AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**Mobile-health Network Solutions<br>** 

<br> (adopted with effect from 23 September 2025 by a Special Resolution passed on 11 September 2025)

**TABLE A**

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

---

| | |
|:---|:---|
| 1 | **DEFINITIONS AND INTERPRETATION** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 In
 these articles the following defined terms will have the meanings ascribed to them, if not
 inconsistent with the subject or context:

---

| | |
|:---|:---|
| **"ADS"** | means an American Depositary Share representing the Company's Class A Shares; |
| **"Affiliate"** | means in respect of a Person, any other Person that, directly or indirectly, through (1) 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 and father-in-law and brothers-in-law and sisters-in-law, a trust for the benefit of any of the foregoing, a company, partnership or any natural person or 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 natural person or entity which directly, or indirectly through one (1) 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 percent (50%) of the voting power of the corporation, or the partnership or other entity (other than, in the case of corporation, shares 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; |
| **"Audit Committee"** | means the audit committee of the Board of Directors established; |
| **"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 Shares"** | means the Class A Ordinary Shares in the capital of the Company of nominal or par value of US$0.00016 each designated as Class A Shares, and having the rights provided for in these Articles; |
| **"Class B Shares"** | means the Class B Ordinary Shares in the capital of the Company of nominal or par value of US$0.00016 each designated as Class B Shares, and having the rights provided for in these Articles; |
| **"Commission"** | means the Securities and Exchange Commission of the United States or any other federal agency for the time being administering the Securities Act; |

---

---

| | |
|:---|:---|
| **"Companies Act"** | means the Companies Act (Revised) of the Cayman Islands and any statutory amendment or re-enactment thereof; |
| **"Company"** | means Mobile-health Network Solutions, a Cayman Islands exempted company; |
| **"Company's Website"** | means the website of the Company, the address or domain name of which has been notified to Shareholders; |
| **"Compensation Committee"** | means the compensation committee of the Board of Directors established; |
| **"Designated Stock Exchange"** | means the stock exchange in the United States that the Shares or ADSs are listed for trading; |
| **"Designated Stock Exchange Rules"** | means the relevant code, rules and regulations, as amended, from time to time, applicable as a result of the original and continued listing of any Shares or ADSs on the Designated Stock Exchange; |
| **"electronic"** | means the meaning given to it in the Electronic Transactions Act and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefor; |
| **"electronic communication"** | means electronic posting to the Company's Website, transmission to any number, address or internet website or other electronic delivery methods as otherwise decided and approved by not less than two-thirds (2/3) 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; |
| **"Independent Director"** | means a Director who is an independent director as defined in the Designated Stock Exchange Rules; |

---

---

| | |
|:---|:---|
| **"Interested Director"** | means a Director who has a direct or indirect interest in any contract, business or arrangement in which the Company or its Affiliates is a party or becomes a party to; |
| **"Law"** | means the Companies Act and every other law and regulation of the Cayman Islands for the time being in force concerning companies and affecting the Company; |
| **"Memorandum of Association"** | means the memorandum of association of the Company, as amended or substituted from time to time; |
| **"month"** | means a calendar month; |
| **"Nominations Committee"** | means the nominations committee of the Board of Directors established; |
| **"Officer"** | means any person appointed by the Directors to hold an office in the Company; |
| **"Ordinary Resolution"** | means a resolution: (a) passed by a simple majority of the votes of 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 (1) or more instruments each signed by one (1) 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 Shares"** | means the Class A Shares and the Class B Shares; |
| **"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; |
| **"Register"** | means the principal register and any branch register of Shareholders 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, as amended, or any similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time; |
| **"Share"** | means a share in the capital of the Company. All references to "Shares" herein shall be deemed to be Shares of any or all Classes as the context may require. For the avoidance of doubt in these Articles the expression "Share" shall include a fraction of a Share; |
| **"Shareholder"** | means a Person who is registered as the holder of 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: (a) passed in accordance with the Law, being a resolution passed by a majority of not less than two-thirds (2/3) of the votes of 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 (1) or more instruments each signed by one (1) 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 |
| "**Year**" | means a calendar year. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 In
 these Articles, save where the context requires otherwise:

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&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;&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
 or partly one and partly another;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 Subject
 to the 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.

2. **PRELIMINARY** 

2.1 **Commencement of Business**. The business of the Company may be conducted as the Directors see fit.

2.2 **Registered Office.** 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.

2.3 **Commencement Costs and Expenses**. 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.

2.4 **Register of Members**. 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.

3. **SHARES** 

3.1 **Issue**.
 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 Shareholders, cause the Company
 to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) allot,
 issue 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;&nbsp;&nbsp;&nbsp;&nbsp;(b) grant
 rights over existing Shares or issue other securities in one (1) or more classes or series
 as they deem necessary or appropriate and determine the designations, powers, preferences,
 privileges and other rights attaching to such Shares or securities, including dividend rights,
 voting rights, conversion rights, terms of redemption and liquidation preferences, any or
 all of which may be greater than the powers, preferences, privileges and rights associated
 with the then issued and outstanding Shares, at such times and on such other terms as they
 think proper; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) grant
 options with respect to Shares and issue warrants or similar instruments with respect thereto,
 at such times and on such terms and having such rights and being subject to such restrictions
 as they may from time to time determine.

3.2 **Class Variation**. 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 a Special 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. 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 which may carry rights more preferential
 than the rights of Ordinary Shares, at such time and on such terms as they may think appropriate
 in their absolute discretion and without approval of the Shareholders; provided, however,
 before any preferred shares of any such series are issued, the Directors shall by resolution
 of Directors determine, with respect to any series of preferred shares, the terms and rights
 of that series, including:

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

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

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

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

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

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

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

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

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

and, for such purposes, the Directors may reserve an appropriate number of Shares for the time being unissued.

3.3 **No Bearer Shares.** The Company shall not issue Shares to bearer.

3.4 **Commission.** 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.

3.5 **Directors' Consent.** 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.

4. **MODIFICATION OF RIGHTS** 

4.1 **Class Variation.** 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 (2/3) of the issued Shares of that Class or with the
 approval of a resolution passed by at least two-thirds (2/3) of the votes cast by the Shareholders
 of the Shares of that Class present and voting in person or by proxy at a separate meeting
 of such holders. 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 two (2) persons at least holding or representing
 by proxy one-third (1/3) of the issued Shares of the relevant class 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 (1) 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
 (2) or more Classes as forming one (1) 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.

4.2 **No Variation on Further issue.** The rights conferred upon the Shareholders 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.

5. **CERTIFICATES** 

5.1 **Share Certificates.** Unless and until the Directors resolve to issue share certificates, no
 share certificate shall be issued, and the records of the shareholdings of each Shareholder
 shall be in uncertified book entry form. If the Directors do resolve to issue share certificates
 in respect of any one (1) or more classes of Shares, then every Shareholder holding such
 shares shall be entitled, upon written request only, to a certificate signed by a Director
 or Secretary, or any other person authorised by a resolution of the Directors, or under the
 seal specifying the number of Shares held by him and the signature of the Director, Secretary
 or authorised person and the seal may be facsimiles or affixed by electronic means pursuant
 to the electronic transactions act. Any shareholder receiving a certificate shall indemnify
 and hold the Company and its Directors and Officers harmless from any loss or liability which
 it or they may incur by reason of any wrongful or fraudulent use or representation made by
 any person by virtue of the possession thereof.

5.2 **Certificate Legends.** Every share certificate of the Company shall bear legends required under the
 applicable laws, including the Securities Act.

5.3 **Multiple Shares.** Any two (2) or more certificates representing Shares of any one (1) Class held
 by any Shareholder may at the Shareholder's request be cancelled and a single new certificate
 for such Shares issued in lieu on payment (if the Directors shall so require) of US$1.00
 or such smaller sum as the Directors shall determine.

5.4 **Replacement.** 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
 Shareholder 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.

5.5 **Joint Holders.** In the event that Shares are held jointly by several Persons, any request may
 be made by any one (1) of the joint holders and if so made shall be binding on all of the
 joint holders.

6. **FRACTIONAL SHARES** 

6.1 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.

7. **LIEN** 

7.1 **All Monies Payable**. 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 Shareholder or one (1) of two (2) or more joint Shareholders) 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.

7.2 **Sale**.
 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.

7.3 **Registration of Purchase.** 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 Shareholder 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.

7.4 **Application of Proceeds.** 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.

8. **CALLS ON SHARES** 

8.1 **Calls.** 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 and place of payment) pay to the Company at the time 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.

8.2 **Joint Holders.** The joint holders of a Share shall be jointly and severally liable to pay calls
 in respect thereof.

8.3 **Interest on Calls.** 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 such rate not exceeding ten (10%) per cent 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.

8.4 **Fixed Payment Dates.** 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.

8.5 **Partly Paid Shares.** 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.

8.6 **Advancement.** 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, six (6%) per cent 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 Shareholder 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.

9. **FORFEITURE OF SHARES** 

9.1 **Failure to pay Call.** 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 not less than
 fourteen (14) days' notice on him requiring payment of so much of the call or instalment
 as is unpaid, together with any interest which may have accrued and which may still accrue
 up to the date of the actual payment.

9.2 **Forfeiture Notice.** 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.

9.3 **Forfeiture.** 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.

9.4 **Sale of Forfeited Share.** 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.

9.5 **Outstanding Liability.** 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.

9.6 **Certificate of Forfeiture.** A certificate in writing under the hand of a Director of the Company 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.

9.7 **Consideration of Sale of Forfeited Share.** 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 Shareholder,
 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.

9.8 **Fixed Payment Dates.** 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.

10. **TRANSFER OF SHARES** 

10.1 **Instrument of Transfer.** 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 (or otherwise as prescribed by the rules
 and regulations of the Designated Stock Exchange) 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.

10.2 **Directors' Consent.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject
 to the terms of issue thereof and the rules or regulations of the Designated Stock Exchange
 or any relevant rules of the Commission or securities laws, the Directors may in their absolute
 discretion decline to register any transfer of Shares which is not fully paid up or on which
 the Company has a lien.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 instrument of transfer is in respect of only one (1) Class of Shares;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 (4);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the
 Shares transferred are free of any lien in favour of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) a
 fee of such maximum sum as the 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.

10.3 **Suspension of Registration of Transfers.** The registration of transfers may, after compliance with
 any notice required of 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 year.

10.4 **Notification of Refusal.** All instruments of transfer that are registered shall be retained by the
 Company, but any instrument of transfer that the Directors decline to register shall (except
 in any case of fraud) be returned to the Person depositing the same. If the Directors refuse
 to register a transfer of any Shares, they shall within three (3) calendar months after the
 date on which the transfer was lodged with the Company send to each of the transferor and
 the transferee notice of the refusal.

11. **TRANSMISSION OF SHARES** 

11.1 **Legal Personal Representative.** The legal personal representative of a deceased sole Shareholder
 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 (2) 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.

11.2 **Transmission.** 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.

11.3 **Pre-Registration Status.** 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.

12. **CONVERSION OF SHARES** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon
 any sale, transfer, assignment or disposition of Class B Shares by a holder thereof to any
 Person which is not an Affiliate of such holder, or upon a change of beneficial ownership
 of any Class B Shares as a result of which any Person who is not an Affiliate of the holders
 of such Ordinary Shares becomes a beneficial owner of such Ordinary Shares, such Class B
 Shares shall be automatically and immediately converted into an equal number of Class A Shares.
 For the avoidance of doubt, (i) a sale, transfer, assignment or disposition shall be effective
 upon the Company's registration of such sale, transfer, assignment or disposition in
 the Register; (ii) the creation of any pledge, charge, encumbrance or other third-party right
 of whatever description on any Class B Shares to secure any contractual or legal obligations
 shall not be deemed as a sale, transfer, assignment or disposition unless and until any such
 pledge, charge, encumbrance or other third-party right is enforced and results in the third
 party who is not an Affiliate of the relevant Shareholder becoming a beneficial owner of
 the relevant Class B Shares in which case all the related Class B Shares shall be automatically
 and immediately converted into the same number of Class A Shares, and (iii) any sale, transfer,
 assignment or disposition of any Class B Shares by a holder thereof to any Person which is
 a beneficial owner of Class B Shares shall not trigger the automatic conversion of such Class
 B Shares into Class A Shares as contemplated under this Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any
 conversion of Class B Shares into Class A Shares pursuant to this Article shall be effected
 by means of the re-designation and re-classification of the relevant Class B Share as a Class
 A Share together with such rights and restrictions and which shall rank *pari passu* is all respects with the Class A Shares then in issue. Such conversion shall become effective
 forthwith upon entries being made in the Register to record the re-designation and re-classification
 of the relevant Class B Shares as Class A Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Upon
 conversion, the Company shall allot and issue the relevant Class A Shares to the converting
 Shareholder, enter or procure the entry of the name of the relevant Shareholder of Class
 B Shares as the Shareholder of the relevant number of Class A Shares resulting from the conversion
 of the Class B Ordinary Shares in, and make any other necessary and consequential changes
 to, the Register and shall procure that certificates in respect of the relevant Class A Shares,
 together with a new certificate for any unconverted Class B Shares comprised in the certificate(s)
 surrendered by the Shareholder of the Class B Shares are issued to the Shareholders of the
 Class A Shares and Class B Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Any
 and all taxes and stamp, issue and registration duties (if any) arising on conversion shall
 be borne by the Shareholder of Class B Shares requesting conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Save
 and except for voting rights and conversion rights as set out in this Article, Class A Shares
 and Class B Shares shall rank *pari passu* and shall have the same rights, preferences,
 privileges and restrictions.

13. **REGISTRATION OF EMPOWERING INSTRUMENTS** 

13.1 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.

14. **ALTERATION OF SHARE CAPITAL** 

14.1 **Increase.** 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.

14.2 **Amendment.** The Company may by Ordinary Resolution:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) convert
 all or any of its paid up Shares into stock and reconvert that stock into paid up Shares
 of any denomination;

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

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

14.3 **Reduction.** The Company may by Special Resolution reduce its share capital and any capital redemption
 reserve in any manner authorised by Law.

15. **REDEMPTION, PURCHASE AND SURRENDER OF SHARES** 

15.1 **Reduction.** Subject to the provisions of the Law and these Articles, the Company may:

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

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

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

15.2 **No other Redemption.** 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.

15.3 **Condition for Redemption.** The Shareholder of the Share(s) 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.

15.4 **Surrender.** The Directors may accept the surrender for no consideration of any fully paid Share.

16. **TREASURY SHARES** 

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

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

16.3 **No Distribution in relation to Treasury Share.** No dividend may be declared or paid, and
 no other distribution (whether in cash or otherwise) of the Company's assets (including
 any distribution of assets to Shareholders on a winding up) may be declared or paid in respect
 of a Treasury Share.

16.4 **Register – Treasury Share.** The Company shall be entered in the Register as the Shareholder
 of the Treasury Shares provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company shall not be treated as a Shareholder for any purpose and shall not exercise any
 right in respect of the Treasury Shares, and any purported exercise of such a right shall
 be void;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a
 Treasury Share shall not be voted, directly or indirectly, at any meeting of the Company
 and shall not be counted in determining the total number of issued shares at any given time,
 whether for the purposes of these Articles or the Law, save that an allotment of Shares as
 fully paid bonus shares in respect of a Treasury Share is permitted and Shares allotted as
 fully paid bonus shares in respect of a Treasury Share shall be treated as Treasury Shares.

16.5 **Disposal of Treasury Shares.** Treasury Shares may be disposed of by the Company on such terms and
 conditions as determined by the Directors.

17. **GENERAL MEETINGS** 

17.1 **Meetings.** All general meetings other than annual general meetings shall be called extraordinary
 general meetings.

17.2 **Annual General Meetings** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Company may (but is not obliged to) in each financial year hold a general meeting as its
 annual general meeting and shall specify the meeting as such in the notices calling it, and
 such annual general meeting shall be held within six (6) months after the end of the Company's
 financial year. The annual general meeting shall be held at such time and place as may be
 determined by the Directors.

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

17.3 **Directors Convene.** A majority of the Directors may call general meetings, and they shall on a Shareholders'
 requisition forthwith proceed to convene an extraordinary general meeting of the Company.

17.4 **Shareholders Convene.** A Shareholders' requisition is a request of one (1) or more Shareholders
 holding as at the date of deposit of the request in aggregate not less than one-third (1/3)
 of the voting rights in the share capital of the Company. Such Shareholders may also add
 resolutions to the agenda of a general meeting.

17.5 **Requisition.** Subject to Article 17.2, the requisition must state the objects of the meeting and must
 be signed by the Shareholders that made the request (the "**Requisitionists** ")
 and deposited at the Registered Office, and may consist of several documents in like form
 each signed by one (1) or more Requisitionists.

17.6 **Directors Convene General Meeting.** If the Directors do not within twenty-one (21) calendar days
 from the date of the deposit of the requisition duly proceed to convene a general meeting
 to be held within a further twenty-one (21) calendar days, the Requisitionists, or any of
 them representing more than one-half of the total voting rights of all of them, may themselves
 convene a general meeting, but any meeting so convened shall not be held after the expiration
 of three (3) months after the expiration of the said twenty-one (21) calendar days.

17.7 **Requisitionists Convene General Meeting.** 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.

17.8 **Shareholder Participation.** Shareholders seeking to bring business before the annual general meeting
 or to nominate candidates for election as Directors at the annual general meeting must deliver
 notice to the Registered Office not later than the close of business on the 90<sup>th</sup>
 day nor earlier than the close of business on the 120<sup>th</sup> day prior to the scheduled
 date of the annual general meeting.

18. **NOTICE OF GENERAL MEETINGS** 

18.1 **Notice of Meeting.** An annual general meeting of the Company shall be called by at least 7 days'
 notice in writing, and a general meeting of the Company (other than an annual general meeting)
 shall be called by at least 7 days' notice in writing. Every notice shall be exclusive
 of the day on which it is served or deemed to be served but inclusive of the day for which
 it is given, and shall specify the place, the day and the hour of the meeting and the general
 nature of the business and shall be given in the manner hereinafter mentioned or in such
 other manner if any as may be prescribed by the Company, provided that a general meeting
 of the Company shall, whether or not the notice specified in this Article has been given
 and whether or not the provisions of these Articles regarding general meetings have been
 complied with, be deemed to have been duly convened if it is so agreed:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of an extraordinary general meeting by a majority in number of the Shareholders
 (or their proxies) having a right to attend and vote at the meeting, being a majority together
 holding not less than ninety five percent (95%) in par value of the Shares giving that right.

18.2 **Failure to Give Notice.** 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.

19. **PROCEEDINGS AT GENERAL MEETINGS** 

19.1 **Due Constitution of Meeting.** 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.

19.2 **Quorum.** At least one (1) Shareholder being a holder of not less than an aggregate of one-third
 (1/3) of all votes attaching to all Shares in issue and entitled to vote present in person
 or by proxy or, if a corporation or other non-natural person, by its duly authorised representative,
 shall be a quorum for all purposes.

19.3 **No Quorum.** If within half an hour from the time appointed for the meeting a quorum is not
 present, the meeting shall be dissolved.

19.4 **Electronic Communication.** If the Directors wish to make this facility available for a specific general
 meeting or all general meetings of the Company, participation in any general meeting of the
 Company may be by means of a 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.

19.5 **Chairman of Shareholder Meeting.** The Chairman (if any) shall preside as chairman at every general
 meeting of the Company.

19.6 **No Chairman.** If there is no Chairman, or if at any general meeting he is not present within
 fifteen (15) minutes after the time appointed for holding the meeting or is unwilling to
 act as Chairman, any Director or Person nominated by the Directors shall preside as chairman
 of that meeting, failing which the Shareholders present in person or by proxy shall choose
 any Person present to be chairman of that meeting.

19.7 **Adjournment.** The chairman may with the consent of any general meeting at which a quorum is present
 (and shall if so directed by the meeting) adjourn a meeting from time to time and from place
 to place, 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.

19.8 **Cancellation or Postponement of Meeting.** The Directors may cancel or postpone any duly convened general
 meeting at any time prior to such meeting, except for general meetings requisitioned by Requisitionists
 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.

19.9 **Casting of Votes.** At any general meeting a resolution put to the vote of the meeting shall be
 decided on a show of hands, unless a poll is (before or on the declaration of the result
 of the show of hands) demanded by the chairman or any one (1) or more Shareholders who together
 hold not less than 10% of the votes attaching to the total shares that are present in person
 or by proxy, and unless a poll is so demanded, a declaration by the chairman that a resolution
 has, on a show of hands, been carried, or carried unanimously, or by a particular majority,
 or lost, and an entry to that effect in the book of the proceedings of the Company, shall
 be conclusive evidence of the fact, without proof of the number or proportion of the votes
 recorded in favour of, or against, that resolution.

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

19.11 **Equality of Votes.** All questions submitted to a meeting shall be decided by a simple majority
 of votes except where a greater majority is required by these Articles or by the Law. In
 the case of an equality of votes, whether on a show of hands or on a poll, the chairman of
 the meeting at which the show of hands takes place or at which the poll is demanded, shall
 be entitled to a second or casting vote.

19.12 **Specific Polls.** A poll demanded on the election of a chairman of the meeting or on a question
 of adjournment shall be taken forthwith. A poll demanded on any other question shall be taken
 at such time as the chairman of the meeting directs.

20. **VOTES OF SHAREHOLDERS** 

20.1 **Voting Rights.** Subject to any rights and restrictions for the time being attached to any Share,
 on a show of hands every Shareholder present in person and every Person representing a Shareholder
 by proxy shall, at a general meeting of the Company, have one (1) vote for each Class A Share
 and ten (10) votes for each Class B Share, in each case of which he is the holder and on
 a poll every Shareholder and every Person representing a Shareholder by proxy shall have
 one (1) vote for each Class A Share and ten (10) votes for each Class B Share of which he
 or the Person represented by proxy is the holder. Holders of Class A Shares and Class B Shares
 shall, at all times, vote together as one (1) class on all matters submitted to a vote by
 the Shareholders.

20.2 **Class Consent.** Class consents from the holders of Class A Shares and Class B Shares, as applicable,
 shall be required for any variation to the rights attached to their respective class of shares,
 however, the Directors may treat the two (2) classes of shares as forming one (1) class if
 they consider that both such classes would be affected in the same way by the proposal.

20.3 **No Variation.** The rights attaching to the Class A Shares and the Class B Shares shall not
 be deemed to be varied by the creation or issue of shares with preferred or other rights,
 including, without limitation, shares with enhanced or weighted voting rights.

20.4 **Change in authorised share capital.** The holders of Class A Shares and Class B Shares, respectively,
 do not have the right to vote separately if the number of authorised shares of such class
 is increased or decreased. Rather, the number of authorised Class A Shares and Class B Shares
 may be increased or decreased (but not below the number of shares of such class then outstanding)
 by both classes voting together by way of an Ordinary Resolution.

20.5 **Joint Holders.** In the case of joint holders the vote of the senior who tenders a vote whether
 in person or by proxy shall be accepted to the exclusion of the votes of the other joint
 holders and for this purpose seniority shall be determined by the order in which the names
 stand in the Register.

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

20.7 **Unpaid Shares.** 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.

20.8 **Poll Votes.** On a poll, votes may be given either personally or by proxy.

20.9 **Proxies.** Any Shareholder (including a Shareholder which is a clearing house (or its nominee(s)))
 entitled to attend and vote at a meeting of the Company shall be entitled to appoint another
 person (being a natural person) as his proxy to attend and vote in his place. A Shareholder
 who is the holder of two (2) or more Shares may appoint more than one (1) proxy to represent
 him and vote on his behalf at a general meeting of the Company or at a Class meeting. A proxy
 need not be a Shareholder, and shall be entitled to exercise the same powers on behalf of
 a Shareholder who is a natural person and for whom he acts as proxy as such Shareholder could
 exercise. In addition, a proxy shall be entitled to exercise the same powers on behalf of
 a Shareholder which is a corporation and for which he acts as proxy as such Shareholder could
 exercise as if it were a natural person Shareholder present in person at any general meeting.
 On a poll or a show of hands votes may be given either personally (or, in the case of a Shareholder
 being a corporation, by its duly authorised representative) or by proxy. 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.

20.10 **Form of Proxy.** An instrument appointing a proxy may be in any usual or common form or such
 other form as the Directors may approve.

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

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

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

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

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

20.12 **Proxy Instrument.** The instrument appointing a proxy shall be deemed to confer authority to
 demand or join in demanding a poll.

20.13 **No Action.** No action shall be taken by the Shareholders except at an annual or extraordinary
 general meeting called in accordance with these Articles and no action shall be taken by
 the Shareholders by written consent or electronic transmission, unless otherwise as permitted
 by these Articles.

20.14 **Written Resolutions.** 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.

21. **CORPORATIONS ACTING BY REPRESENTATIVES AT MEETINGS** 

21.1 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
 as if it were an individual Shareholder or Director.

22. **DEPOSITARY AND CLEARING HOUSES** 

22.1 If
 a recognised clearing house (or its nominee(s)) or depositary (or its nominee(s)) is a Shareholder
 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), who
 enjoy rights equivalent to the rights of other Shareholders, at any meeting of the Company
 (including but not limited to any general meeting or creditors' meeting) or of any
 Class of Shareholders provided that, if more than one (1) Person is so authorised, the authorisation
 shall specify the number and Class of Shares in respect of which each such Person is so authorised.
 A Person so authorised pursuant to this Article shall be entitled to exercise the same powers
 on behalf of the recognised clearing house (or its nominee(s)) or depositary (or its nominee(s))
 which he represents as that recognised clearing house (or its nominee(s)) or depositary (or
 its nominee(s)) could exercise as if it were an individual Shareholder holding the number
 and Class of Shares specified in such authorisation, including the right to speak and vote
 individually on a show of hands or on a poll.

23. **DIRECTORS** 

23.1 **Number of Directors.** Unless otherwise determined by the Company in general meeting, the number
 of Directors shall not be less than one (1) Director, the exact number of Directors to be
 determined exclusively by resolutions adopted by a majority of the authorized number of Directors
 constituting the Board from time to time. For so long as Shares are listed on the Designated
 Stock Exchange, the Directors shall include such number of Independent Directors as applicable
 law, rules or regulations or the Designated Stock Exchange Rules require for a foreign private
 issuer under the United States securities laws, so long as the Company is a foreign private
 issuer  *.*** 

23.2 **Vacancy.** Subject to the rights of the holders of any series of preferred shares, any casual vacancies
 on the Board of Directors resulting from death, resignation, disqualification, removal or
 other causes, and any newly created directorships resulting from any increase in the number
 of Directors, shall, unless the Board of Directors determines by resolution that any such
 vacancies or newly created directorships shall be filled by the Shareholders, except as otherwise
 provided by law, be filled only by the affirmative vote of a majority of the Directors then
 in office, even though less than a quorum of the Board of Directors, and not by the Shareholders.
 Any Director elected in accordance with the preceding sentence shall hold office only until
 the first annual general meeting of the Company after his appointment and shall then be eligible
 for re-election.

23.3 **Chairman of the Board.** The Board of Directors shall have a Chairman (who shall be a Director)
 elected and appointed by a majority of the Directors then in office. The period for which
 the Chairman will hold office will also be determined by a majority of all of the Directors
 then in office. 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
 (15) minutes after the time appointed for holding the same, the attending Directors may choose
 one (1) of their number to be the chairman of the meeting.

23.4 **Appointment of Directors.** The Company may by Ordinary Resolution appoint any person to be a Director.

23.5 **Vacancy Appointment.** Subject to the Company's compliance with director nomination procedures
 required under the Designated Stock Exchange Rules as long as Shares are listed on the Designated
 Stock Exchange, at any time or from time to time, the Board shall have the power to appoint
 any person as a Director either to fill a casual vacancy on the Board or as an additional
 Director to the existing Board subject to any maximum number of Directors, if any, as may
 be determined by the shareholders in general meeting. Any Director so appointed to fill a
 casual vacancy shall hold office only until the first general meeting of the Company after
 his appointment and be subject to re-election at such meeting. Any Director so appointed
 as an addition to the existing Board shall hold office only until the first annual general
 meeting of the Company after his appointment and be eligible for re-election at such meeting.
 Any Director so appointed by the Board shall not be taken into account in determining the
 Directors or the number of Directors who are to retire by rotation at an annual general meeting.

23.6 **Term.** At each annual general meeting, one-third (1/3) of the Directors for the time being shall
 retire from office by rotation. However, if the number of Directors is not a multiple of
 three (3), then the number nearest to but not less than one-third shall be the number of
 retiring Directors. The Directors to retire in each year shall be those who have been in
 office longest since their last re-election or appointment but, as between persons who became
 or were last re-elected Directors on the same day, those to retire shall (unless they otherwise
 agree among themselves) be determined by lot. No person, other than a retiring Director,
 shall, unless recommended by the Board for election, be eligible for election to the office
 of Director at any general meeting, unless notice in writing of the intention to propose
 that person for election as a Director and notice in writing by that person of his willingness
 to be elected has been lodged at the head office or at the registration office of the Company.
 The period for lodgment of such notices shall commence no earlier than the day after despatch
 of the notice of the relevant meeting and end no later than seven (7) days before the date
 of such meeting and the minimum length of the period during which such notices may be lodged
 must be at least seven (7) days.

23.7 **Removal of Directors.** A Director may be removed from office by Ordinary Resolution of the Company,
 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). 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.

23.8 **Company Policies.** The Board may, from time to time, and except as required by applicable law
 or the Designated Stock Exchange Rules, adopt, institute, amend, modify or revoke the corporate
 governance policies or initiatives, which shall be intended to set forth the policies of
 the Company and the Board on various corporate governance related matters as the Board shall
 determine by resolution from time to time.

23.9 **No Minimum Shareholding.** A Director shall not be required to hold any Shares in the Company
 by way of qualification nor is there any specified upper or lower age limit for the Directors
 either for accession to or retirement from the Board. A Director who is not a Shareholder
 of the Company shall nevertheless be entitled to attend and speak at general meetings.

23.10 **Remuneration of Directors.** The remuneration of the Directors may be determined by the Directors or
 by Ordinary Resolution.

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

24. **ALTERNATE DIRECTOR OR PROXY** 

24.1 **Alternate Appointment.** 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.

24.2 **Director Proxy.** 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. A proxy who
 attends such a meeting shall be counted in the quorum. Every such proxy shall be entitled
 to attend and vote in such appointing Director's place when the appointing Director
 is not personally present at such meeting; provided, that, prior to each meeting of the Board
 at which the proxy is to vote, the Director shall instruct the proxy as to the manner in
 which he is to cast the vote and shall inform the Board accordingly and the proxy shall be
 entitled to cast a vote on behalf of the Director only in accordance with such instructions.
 Where the proxy is a Director he shall be entitled to have such separate vote on behalf of
 the Director for which he is acting as proxy in addition to his own vote. The remuneration
 of such proxy shall be payable out of the remuneration of the Director appointing him–and
 the proportion thereof shall be agreed between them. The signature of a proxy to any resolution
 in writing of the Directors or a committee thereof shall, unless the terms of the appointment
 provides to the contrary, be as effective as the signature of the Director appointing him
 as proxy. For the avoidance of doubt, any Director that has the right to attend any meeting
 of a committee established by the Board may appoint a proxy to act in his place at such meeting.
 Where the Director appointing a proxy is an Interested Director in respect of a matter to
 be considered at a meeting of the Board, the Interested Director shall procure that the proxy
 declares the nature of his interest at such meeting and the proxy may be counted in the quorum
 may also be entitled to vote on behalf of the Interested Director in respect of any contract
 or proposed contract or arrangement in which such Interested Director is interested. For
 the avoidance of doubt, a person who is appointed a proxy shall not in consequence thereof
 become an Indemnified Person.

25. **POWERS AND DUTIES OF DIRECTORS** 

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

25.2 **Officers.** 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,
 the office of president, one (1) 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 (1) or more of their number to the office of managing director upon like terms, but any
 such appointment shall *ipso facto* terminate if any managing director ceases for any
 cause to be a Director, or if the Company by Ordinary Resolution resolves that his tenure
 of office be terminated.

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

25.4 **Delegation.** 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.
 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.
 Subject to any such conditions, the proceedings of any such committee, local board or agency
 shall be governed by the Articles regulating the proceedings of Directors, so far as they
 are capable of applying.

25.5 **Third Party Delegation**. 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.

25.6 **Delegation to Committees.** The Directors from time to time and at any time may delegate to any such
 committee (including, without limitation, the Audit Committee, the Compensation Committee
 and the Nominations 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.

25.7 **Sub-delegation.** 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.

25.8 **Committee Charter.** The Directors may adopt formal written charters for committees and, if so adopted,
 shall review and assess the adequacy of such formal written charters on an annual basis.
 Each of these committees shall be empowered to do all things necessary to exercise the rights
 of such committee set forth in these Articles and shall have such powers as the Directors
 may delegate pursuant to these Articles and as required by the rules and regulations of the
 Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent
 regulatory authority or otherwise under applicable law.

26. **BORROWING POWERS OF DIRECTORS** 

26.1 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.

27. **THE SEAL** 

27.1 **Use of Seal**. 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 affixings 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 (1) 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.

27.2 **Duplicate Seal**. 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 affixings of such facsimile Seal. The facsimile
 Seal shall be affixed in the presence of such Person or Persons as the Directors shall for
 this purpose appoint and such Person or Persons as aforesaid shall sign every instrument
 to which the facsimile Seal 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 (1) or more Persons as the Directors may
 appoint for the purpose.

27.3 **Authentication and Filing**. 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.

28. **DISQUALIFICATION OF DIRECTORS** 

28.1 The
 office of Director shall be vacated, if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) resigns;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is
 declared to be of unsound mind and the Board resolves that his office be vacated;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is
 prohibited from being or ceases to be a director by operation of law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) without
 special leave, is absent from meetings of the Board for three (3) consecutive meetings, and
 the Board resolves that his office is vacated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) has
 been required by the Designated Stock Exchange to cease to be a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) is
 removed from office by the requisite majority of the Directors or otherwise pursuant to these
 Articles.

29. **PROCEEDINGS OF DIRECTORS** 

29.1 **Voting.** The Directors may meet together (either within or without 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 (1) vote. In case of an equality of votes the Chairman
 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.

29.2 **Conference Call.** 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.

29.3 **Quorum.** The quorum necessary for the transaction of the business of the Directors 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.

30. **DIRECTORS' INTERESTS** 

30.1 **General Notice of Interests**. 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 shareholder of any specified company or firm and
 is to be regarded as interested in any contract or transaction which may thereafter be made
 with that company or firm shall be deemed a sufficient declaration of interest in regard
 to any contract so made or transaction so consummated. A Director may vote in respect of
 any contract or transaction or proposed contract or transaction that he or she may be interested
 therein, and he or she may be counted in the quorum of any meeting of the Directors at which
 any such contract or transaction or proposed contract or transaction shall come before the
 meeting for consideration.

30.2 **Other Office**. 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 or her interest, may be counted in the quorum present at any meeting of the Directors
 whereat he or she 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
 or she may also vote on any such appointment or arrangement.

30.3 **Disclosure of Interests**. 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. A Director may be counted in the quorum present
 for the portion of any meeting of the Directors whereat he or she is appointed to act by
 himself or herself or through his or her firm in a professional capacity for the Company
 or whereat the terms of any such appointment are arranged, and he or she may also vote on
 any such appointment or arrangement.

30.4 **Minutes.** The Directors shall cause minutes to be made for the purpose of recording:

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

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

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

30.5 **Signed Minutes.** 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 the absence of a Director
 or Directors (so long as a quorum was present) or that there may have been a technical defect
 in the proceedings.

30.6 **Written Resolution.** 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 (1)
 or more of the Directors or his duly appointed alternate.

30.7 **Notice of Meetings**. A Director may, or another Officer on the requisition of a Director shall,
 call a meeting of the Directors by at least two (2) days' notice in writing to every
 Director which notice shall set forth the general nature of the business to be considered
 unless notice is waived by all the Directors either at, before or after the meeting is held.

30.8 **Acting in Vacancy.** 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.

30.9 **Chairman of the Committee.** 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 (15) minutes after the time
 appointed for holding the meeting, the committee members present may choose one (1) of their
 number to be chairman of the meeting.

30.10 **Adjournment of the Committee Meeting.** 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.

30.11 **Defects.** 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.

31. **PRESUMPTION OF ASSENT** 

31.1 A
 Director of the Company 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 personal delivery,
 registered post, recognized overnight courier, or by electronic means with confirmation of
 receipt, 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.

32. **DIVIDENDS** 

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

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

32.3 **Setting aside of Funds.** 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.

32.4 **Payment.** Any dividend payable in cash to a Shareholder 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.

32.5 **Distribution in Kind.** The Directors may recommend to Shareholders 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, subject to the approval of Shareholders by an Ordinary
 Resolution, 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.

32.6 **Dividend Amounts.** 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.

32.7 **Joint Holders.** 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.

32.8 **No Interest.** No dividend shall bear interest against the Company.

32.9 **Unclaimed payments.** Any dividend unclaimed after a period of six (6) 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.

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

33.1 **Accounts.** 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.

33.2 **Inspection.** 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.

33.3 **Financial Information**. 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 of inspecting any account
 or book or document of the Company except as conferred by law or authorised by the Directors
 or by Ordinary Resolution.

33.4 **Audit.** 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.

33.5 **Auditor.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Shareholders shall at each annual general meeting by Ordinary Resolution appoint one (1)
 or more firms of auditors to hold office until the conclusion of the next annual general
 meeting on such terms and which such duties as may be agreed with the Board, but if an appointment
 is not made, the auditors in office shall continue in office until a successor is appointed.
 Subject to compliance with the Designated Stock Exchange Rules, the Board may fill any casual
 vacancy in the office of auditors, but while any such vacancy continues the surviving or
 continuing auditors (if any) may act. Subject to the approval of the Audit Committee, the
 remuneration of the auditors shall be fixed by or on the authority of the Shareholders in
 the annual general meeting by Ordinary Resolution except that in any particular year the
 Shareholders in general meeting may by Ordinary Resolution delegate the fixing of such remuneration
 to the Board and, subject to compliance with the Designated Stock Exchange Rules, the remuneration
 of any Auditors appointed to fill any casual vacancy may be fixed by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Shareholders may, at any general meeting convened and held in accordance with these Articles,
 remove the auditors by Ordinary Resolution at any time before the expiration of the term
 of office and shall, by Ordinary Resolution, at that meeting appoint new auditors in their
 place for the remainder of the term.

33.6 **Access Right**. 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.

33.7 **Auditor Reports**. 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 Shareholders.

33.8 **Annual Returns.** The Directors in each 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.

34. **CAPITALISATION OF RESERVES** 

34.1 Subject
 to the Companies Act, the Directors may, with the authority of an Ordinary Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) resolve
 to capitalise an amount standing to the credit of reserves (including a Share Premium Account,
 capital redemption reserve and profit and loss account), whether or not available for distribution;

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

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

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

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

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

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

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

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

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

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

35. **SHARE PREMIUM ACCOUNT** 

35.1 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.

35.2 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.

36. **NOTICES** 

36.1 **Delivery of Notices**. 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 air 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 or by placing it on the Company's Website
 should the Directors deem it appropriate provided that the Company has obtained the Shareholder's
 prior express positive confirmation in writing to receive notices in such manner. In the
 case of joint holders of a Share, all notices shall be given to that one (1) 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.

36.2 **Outside Delivery.** Notices posted to addresses outside the Cayman Islands shall be forwarded by
 prepaid airmail.

36.3 **Deemed Receipt of Notice.** Any Shareholder present, either personally or by proxy, 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.

36.4 **Notice Provisions.** Any notice or other document, if served by:

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) electronic
 mail, shall be deemed to have been served immediately upon the time of the transmission by
 electronic mail.

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.

36.5 **Deemed Service.** 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 Shareholder,
 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.

36.6 **Notices of General Meeting**. Notice of every general meeting of the Company shall be given to:

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

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

37. **INFORMATION** 

37.1 No
 Shareholder 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 Shareholders of the
 Company to communicate to the public.

37.2 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 Shareholders including, without
 limitation, information contained in the Register and transfer books of the Company.

38. **INDEMNITY** 

38.1 Every
 Director, 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) (each an "**Indemnified Person**") shall be indemnified and secured harmless against all actions, proceedings,
 costs, charges, expenses, losses, damages or liabilities incurred or sustained by such Indemnified
 Person, other than by reason of such Indemnified Person's own dishonesty, wilful default
 or fraud, in or about the conduct of the Company's business or affairs or in the execution
 or discharge of his duties, powers, authorities or discretions (including as a result of
 any mistake of judgment), including without prejudice to the generality of the foregoing,
 any costs, expenses (including reasonable attorneys' fees), 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
 (the "**Indemnified Matters** ").

38.2 Without
 prejudice to the generality of the foregoing, the Indemnified Matters include:

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

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

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

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

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

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

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

39. **FINANCIAL YEAR** 

39.1 Unless
 the Directors otherwise prescribe, the financial year of the Company shall end on June 30<sup>th
</sup>in each year and shall begin on July 1st in each year.

40. **NON-RECOGNITION OF TRUSTS** 

40.1 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.

41. **WINDING UP** 

41.1 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 Shareholders
 in species or in kind the whole or any part of the assets of the Company (whether they shall
 consist of property of the same kind or not) and may for that purpose value any assets and
 determine how the division shall be carried out as between the Shareholders or different
 classes of Shareholders. 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 Shareholders as the
 liquidator, with the like sanction, shall think fit, but so that no Shareholder shall be
 compelled to accept any asset upon which there is a liability.

41.2 If
 the Company shall be wound up, and the assets available for distribution amongst the Shareholders
 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 Shareholders in proportion
 to the par value of the Shares held by them. If in a winding up the assets available for
 distribution amongst the Shareholders 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 Shareholders 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.

42. **AMENDMENT OF MEMORANDUM AND ARTICLES OF ASSOCIATION** 

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

43. **CLOSING OF REGISTER OR FIXING RECORD DATE** 

43.1 **Closing of Register**. 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, by any
 means in accordance with the requirements of any Designated Stock Exchange, provide that
 the Register shall be closed for transfers for a stated period which shall not exceed in
 any case forty (40) calendar days. If the Register shall be so closed for the purpose of
 determining those Shareholders that are entitled to receive notice of, attend or vote at
 a meeting of Shareholders the Register shall be so closed for at least ten (10) calendar
 days immediately preceding such meeting and the record date for such determination shall
 be the date of the closure of the Register.

43.2 **Record Date Determination**. 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.

43.3 **No Record Date Chosen**. 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.

44. **REGISTRATION BY WAY OF CONTINUATION** 

44.1 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.

45. **DISCLOSURE** 

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

## Exhibit 99.2

**Exhibit 99.2**

Form of Proxy Card

![](proxy_001.jpg)

![](proxy_002.jpg)

## Exhibit 99.3

**Exhibit 99.3**

**THE COMPANIES ACT (REVISED)<br> OF THE CAYMAN ISLANDS**

**EXEMPTED COMPANY LIMITED BY SHARES**

**AMENDED AND RESTATED<br> MEMORANDUM OF ASSOCIATION**

**OF**

**Mobile-health Network Solutions**

(adopted with effect from 23 September 2025 by a Special Resolution passed on 11 September 2025)

1. **NAME** 

1.1 The
 name of the Company is Mobile-health Network Solutions.

2. **REGISTERED OFFICE** 

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

3. **OBJECTS** 

3.1 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. **CAPACITY** 

4.1 Subject
 to paragraph 5 of this Memorandum of Association, 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. **EXEMPTED COMPANY** 

5.1 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. **LIABILITY OF SHAREHOLDERS** 

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

7. **SHARE CAPITAL** 

7.1 The
 authorised share capital of the Company is US$50,000 divided into 312,500,000 Ordinary
 Shares of nominal or par value of US$0.00016 each, comprising 156,250,000 Class A Shares
 of nominal or par value of US$0.00016 each and 156,250,000 Class B Shares of nominal or
 par value of US$0.00016 each. Subject to the Companies Act, the Articles and, where applicable,
 the Designated Stock Exchange Rules, 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. **CONTINUATION** 

8.1 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. **DEFINITIONS** 

9.1 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**

**EXEMPTED COMPANY LIMITED BY SHARES**

**AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**Mobile-health Network Solutions<br>** 

<br> (adopted with effect from 23 September 2025 by a Special Resolution passed on 11 September 2025)

**TABLE A**

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

---

| | |
|:---|:---|
| 1 | **DEFINITIONS AND INTERPRETATION** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 In
 these articles the following defined terms will have the meanings ascribed to them, if not
 inconsistent with the subject or context:

---

| | |
|:---|:---|
| **"ADS"** | means an American Depositary Share representing the Company's Class A Shares; |
| **"Affiliate"** | means in respect of a Person, any other Person that, directly or indirectly, through (1) 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 and father-in-law and brothers-in-law and sisters-in-law, a trust for the benefit of any of the foregoing, a company, partnership or any natural person or 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 natural person or entity which directly, or indirectly through one (1) 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 percent (50%) of the voting power of the corporation, or the partnership or other entity (other than, in the case of corporation, shares 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; |
| **"Audit Committee"** | means the audit committee of the Board of Directors established; |
| **"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 Shares"** | means the Class A Ordinary Shares in the capital of the Company of nominal or par value of US$0.00016 each designated as Class A Shares, and having the rights provided for in these Articles; |
| **"Class B Shares"** | means the Class B Ordinary Shares in the capital of the Company of nominal or par value of US$0.00016 each designated as Class B Shares, and having the rights provided for in these Articles; |
| **"Commission"** | means the Securities and Exchange Commission of the United States or any other federal agency for the time being administering the Securities Act; |

---

---

| | |
|:---|:---|
| **"Companies Act"** | means the Companies Act (Revised) of the Cayman Islands and any statutory amendment or re-enactment thereof; |
| **"Company"** | means Mobile-health Network Solutions, a Cayman Islands exempted company; |
| **"Company's Website"** | means the website of the Company, the address or domain name of which has been notified to Shareholders; |
| **"Compensation Committee"** | means the compensation committee of the Board of Directors established; |
| **"Designated Stock Exchange"** | means the stock exchange in the United States that the Shares or ADSs are listed for trading; |
| **"Designated Stock Exchange Rules"** | means the relevant code, rules and regulations, as amended, from time to time, applicable as a result of the original and continued listing of any Shares or ADSs on the Designated Stock Exchange; |
| **"electronic"** | means the meaning given to it in the Electronic Transactions Act and any amendment thereto or re-enactments thereof for the time being in force and includes every other law incorporated therewith or substituted therefor; |
| **"electronic communication"** | means electronic posting to the Company's Website, transmission to any number, address or internet website or other electronic delivery methods as otherwise decided and approved by not less than two-thirds (2/3) 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; |
| **"Independent Director"** | means a Director who is an independent director as defined in the Designated Stock Exchange Rules; |

---

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| | |
|:---|:---|
| **"Interested Director"** | means a Director who has a direct or indirect interest in any contract, business or arrangement in which the Company or its Affiliates is a party or becomes a party to; |
| **"Law"** | means the Companies Act and every other law and regulation of the Cayman Islands for the time being in force concerning companies and affecting the Company; |
| **"Memorandum of Association"** | means the memorandum of association of the Company, as amended or substituted from time to time; |
| **"month"** | means a calendar month; |
| **"Nominations Committee"** | means the nominations committee of the Board of Directors established; |
| **"Officer"** | means any person appointed by the Directors to hold an office in the Company; |
| **"Ordinary Resolution"** | means a resolution: (a) passed by a simple majority of the votes of 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 (1) or more instruments each signed by one (1) 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 Shares"** | means the Class A Shares and the Class B Shares; |
| **"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; |
| **"Register"** | means the principal register and any branch register of Shareholders 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, as amended, or any similar federal statute and the rules and regulations of the Commission thereunder, all as the same shall be in effect at the time; |
| **"Share"** | means a share in the capital of the Company. All references to "Shares" herein shall be deemed to be Shares of any or all Classes as the context may require. For the avoidance of doubt in these Articles the expression "Share" shall include a fraction of a Share; |
| **"Shareholder"** | means a Person who is registered as the holder of 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: (a) passed in accordance with the Law, being a resolution passed by a majority of not less than two-thirds (2/3) of the votes of 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 (1) or more instruments each signed by one (1) 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 |
| "**Year**" | means a calendar year. |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2 In
 these Articles, save where the context requires otherwise:

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

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

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&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;&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
 or partly one and partly another;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3 Subject
 to the 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.

2. **PRELIMINARY** 

2.1 **Commencement of Business**. The business of the Company may be conducted as the Directors see fit.

2.2 **Registered Office.** 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.

2.3 **Commencement Costs and Expenses**. 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.

2.4 **Register of Members**. 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.

3. **SHARES** 

3.1 **Issue**.
 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 Shareholders, cause the Company
 to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) allot,
 issue 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;&nbsp;&nbsp;&nbsp;&nbsp;(b) grant
 rights over existing Shares or issue other securities in one (1) or more classes or series
 as they deem necessary or appropriate and determine the designations, powers, preferences,
 privileges and other rights attaching to such Shares or securities, including dividend rights,
 voting rights, conversion rights, terms of redemption and liquidation preferences, any or
 all of which may be greater than the powers, preferences, privileges and rights associated
 with the then issued and outstanding Shares, at such times and on such other terms as they
 think proper; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) grant
 options with respect to Shares and issue warrants or similar instruments with respect thereto,
 at such times and on such terms and having such rights and being subject to such restrictions
 as they may from time to time determine.

3.2 **Class Variation**. 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 a Special 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. 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 which may carry rights more preferential
 than the rights of Ordinary Shares, at such time and on such terms as they may think appropriate
 in their absolute discretion and without approval of the Shareholders; provided, however,
 before any preferred shares of any such series are issued, the Directors shall by resolution
 of Directors determine, with respect to any series of preferred shares, the terms and rights
 of that series, including:

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

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

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

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

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

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

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

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

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

and, for such purposes, the Directors may reserve an appropriate number of Shares for the time being unissued.

3.3 **No Bearer Shares.** The Company shall not issue Shares to bearer.

3.4 **Commission.** 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.

3.5 **Directors' Consent.** 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.

4. **MODIFICATION OF RIGHTS** 

4.1 **Class Variation.** 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 (2/3) of the issued Shares of that Class or with the
 approval of a resolution passed by at least two-thirds (2/3) of the votes cast by the Shareholders
 of the Shares of that Class present and voting in person or by proxy at a separate meeting
 of such holders. 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 two (2) persons at least holding or representing
 by proxy one-third (1/3) of the issued Shares of the relevant class 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 (1) 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
 (2) or more Classes as forming one (1) 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.

4.2 **No Variation on Further issue.** The rights conferred upon the Shareholders 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.

5. **CERTIFICATES** 

5.1 **Share Certificates.** Unless and until the Directors resolve to issue share certificates, no
 share certificate shall be issued, and the records of the shareholdings of each Shareholder
 shall be in uncertified book entry form. If the Directors do resolve to issue share certificates
 in respect of any one (1) or more classes of Shares, then every Shareholder holding such
 shares shall be entitled, upon written request only, to a certificate signed by a Director
 or Secretary, or any other person authorised by a resolution of the Directors, or under the
 seal specifying the number of Shares held by him and the signature of the Director, Secretary
 or authorised person and the seal may be facsimiles or affixed by electronic means pursuant
 to the electronic transactions act. Any shareholder receiving a certificate shall indemnify
 and hold the Company and its Directors and Officers harmless from any loss or liability which
 it or they may incur by reason of any wrongful or fraudulent use or representation made by
 any person by virtue of the possession thereof.

5.2 **Certificate Legends.** Every share certificate of the Company shall bear legends required under the
 applicable laws, including the Securities Act.

5.3 **Multiple Shares.** Any two (2) or more certificates representing Shares of any one (1) Class held
 by any Shareholder may at the Shareholder's request be cancelled and a single new certificate
 for such Shares issued in lieu on payment (if the Directors shall so require) of US$1.00
 or such smaller sum as the Directors shall determine.

5.4 **Replacement.** 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
 Shareholder 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.

5.5 **Joint Holders.** In the event that Shares are held jointly by several Persons, any request may
 be made by any one (1) of the joint holders and if so made shall be binding on all of the
 joint holders.

6. **FRACTIONAL SHARES** 

6.1 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.

7. **LIEN** 

7.1 **All Monies Payable**. 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 Shareholder or one (1) of two (2) or more joint Shareholders) 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.

7.2 **Sale**.
 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.

7.3 **Registration of Purchase.** 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 Shareholder 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.

7.4 **Application of Proceeds.** 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.

8. **CALLS ON SHARES** 

8.1 **Calls.** 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 and place of payment) pay to the Company at the time 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.

8.2 **Joint Holders.** The joint holders of a Share shall be jointly and severally liable to pay calls
 in respect thereof.

8.3 **Interest on Calls.** 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 such rate not exceeding ten (10%) per cent 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.

8.4 **Fixed Payment Dates.** 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.

8.5 **Partly Paid Shares.** 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.

8.6 **Advancement.** 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, six (6%) per cent 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 Shareholder 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.

9. **FORFEITURE OF SHARES** 

9.1 **Failure to pay Call.** 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 not less than
 fourteen (14) days' notice on him requiring payment of so much of the call or instalment
 as is unpaid, together with any interest which may have accrued and which may still accrue
 up to the date of the actual payment.

9.2 **Forfeiture Notice.** 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.

9.3 **Forfeiture.** 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.

9.4 **Sale of Forfeited Share.** 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.

9.5 **Outstanding Liability.** 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.

9.6 **Certificate of Forfeiture.** A certificate in writing under the hand of a Director of the Company 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.

9.7 **Consideration of Sale of Forfeited Share.** 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 Shareholder,
 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.

9.8 **Fixed Payment Dates.** 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.

10. **TRANSFER OF SHARES** 

10.1 **Instrument of Transfer.** 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 (or otherwise as prescribed by the rules
 and regulations of the Designated Stock Exchange) 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.

10.2 **Directors' Consent.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Subject
 to the terms of issue thereof and the rules or regulations of the Designated Stock Exchange
 or any relevant rules of the Commission or securities laws, the Directors may in their absolute
 discretion decline to register any transfer of Shares which is not fully paid up or on which
 the Company has a lien.

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 instrument of transfer is in respect of only one (1) Class of Shares;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 (4);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) the
 Shares transferred are free of any lien in favour of the Company; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(vi) a
 fee of such maximum sum as the 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.

10.3 **Suspension of Registration of Transfers.** The registration of transfers may, after compliance with
 any notice required of 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 year.

10.4 **Notification of Refusal.** All instruments of transfer that are registered shall be retained by the
 Company, but any instrument of transfer that the Directors decline to register shall (except
 in any case of fraud) be returned to the Person depositing the same. If the Directors refuse
 to register a transfer of any Shares, they shall within three (3) calendar months after the
 date on which the transfer was lodged with the Company send to each of the transferor and
 the transferee notice of the refusal.

11. **TRANSMISSION OF SHARES** 

11.1 **Legal Personal Representative.** The legal personal representative of a deceased sole Shareholder
 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 (2) 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.

11.2 **Transmission.** 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.

11.3 **Pre-Registration Status.** 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.

12. **CONVERSION OF SHARES** 

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Upon
 any sale, transfer, assignment or disposition of Class B Shares by a holder thereof to any
 Person which is not an Affiliate of such holder, or upon a change of beneficial ownership
 of any Class B Shares as a result of which any Person who is not an Affiliate of the holders
 of such Ordinary Shares becomes a beneficial owner of such Ordinary Shares, such Class B
 Shares shall be automatically and immediately converted into an equal number of Class A Shares.
 For the avoidance of doubt, (i) a sale, transfer, assignment or disposition shall be effective
 upon the Company's registration of such sale, transfer, assignment or disposition in
 the Register; (ii) the creation of any pledge, charge, encumbrance or other third-party right
 of whatever description on any Class B Shares to secure any contractual or legal obligations
 shall not be deemed as a sale, transfer, assignment or disposition unless and until any such
 pledge, charge, encumbrance or other third-party right is enforced and results in the third
 party who is not an Affiliate of the relevant Shareholder becoming a beneficial owner of
 the relevant Class B Shares in which case all the related Class B Shares shall be automatically
 and immediately converted into the same number of Class A Shares, and (iii) any sale, transfer,
 assignment or disposition of any Class B Shares by a holder thereof to any Person which is
 a beneficial owner of Class B Shares shall not trigger the automatic conversion of such Class
 B Shares into Class A Shares as contemplated under this Article.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Any
 conversion of Class B Shares into Class A Shares pursuant to this Article shall be effected
 by means of the re-designation and re-classification of the relevant Class B Share as a Class
 A Share together with such rights and restrictions and which shall rank *pari passu* is all respects with the Class A Shares then in issue. Such conversion shall become effective
 forthwith upon entries being made in the Register to record the re-designation and re-classification
 of the relevant Class B Shares as Class A Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Upon
 conversion, the Company shall allot and issue the relevant Class A Shares to the converting
 Shareholder, enter or procure the entry of the name of the relevant Shareholder of Class
 B Shares as the Shareholder of the relevant number of Class A Shares resulting from the conversion
 of the Class B Ordinary Shares in, and make any other necessary and consequential changes
 to, the Register and shall procure that certificates in respect of the relevant Class A Shares,
 together with a new certificate for any unconverted Class B Shares comprised in the certificate(s)
 surrendered by the Shareholder of the Class B Shares are issued to the Shareholders of the
 Class A Shares and Class B Shares.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Any
 and all taxes and stamp, issue and registration duties (if any) arising on conversion shall
 be borne by the Shareholder of Class B Shares requesting conversion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Save
 and except for voting rights and conversion rights as set out in this Article, Class A Shares
 and Class B Shares shall rank *pari passu* and shall have the same rights, preferences,
 privileges and restrictions.

13. **REGISTRATION OF EMPOWERING INSTRUMENTS** 

13.1 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.

14. **ALTERATION OF SHARE CAPITAL** 

14.1 **Increase.** 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.

14.2 **Amendment.** The Company may by Ordinary Resolution:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) convert
 all or any of its paid up Shares into stock and reconvert that stock into paid up Shares
 of any denomination;

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

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

14.3 **Reduction.** The Company may by Special Resolution reduce its share capital and any capital redemption
 reserve in any manner authorised by Law.

15. **REDEMPTION, PURCHASE AND SURRENDER OF SHARES** 

15.1 **Reduction.** Subject to the provisions of the Law and these Articles, the Company may:

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

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

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

15.2 **No other Redemption.** 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.

15.3 **Condition for Redemption.** The Shareholder of the Share(s) 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.

15.4 **Surrender.** The Directors may accept the surrender for no consideration of any fully paid Share.

16. **TREASURY SHARES** 

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

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

16.3 **No Distribution in relation to Treasury Share.** No dividend may be declared or paid, and
 no other distribution (whether in cash or otherwise) of the Company's assets (including
 any distribution of assets to Shareholders on a winding up) may be declared or paid in respect
 of a Treasury Share.

16.4 **Register – Treasury Share.** The Company shall be entered in the Register as the Shareholder
 of the Treasury Shares provided that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 Company shall not be treated as a Shareholder for any purpose and shall not exercise any
 right in respect of the Treasury Shares, and any purported exercise of such a right shall
 be void;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a
 Treasury Share shall not be voted, directly or indirectly, at any meeting of the Company
 and shall not be counted in determining the total number of issued shares at any given time,
 whether for the purposes of these Articles or the Law, save that an allotment of Shares as
 fully paid bonus shares in respect of a Treasury Share is permitted and Shares allotted as
 fully paid bonus shares in respect of a Treasury Share shall be treated as Treasury Shares.

16.5 **Disposal of Treasury Shares.** Treasury Shares may be disposed of by the Company on such terms and
 conditions as determined by the Directors.

17. **GENERAL MEETINGS** 

17.1 **Meetings.** All general meetings other than annual general meetings shall be called extraordinary
 general meetings.

17.2 **Annual General Meetings** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Company may (but is not obliged to) in each financial year hold a general meeting as its
 annual general meeting and shall specify the meeting as such in the notices calling it, and
 such annual general meeting shall be held within six (6) months after the end of the Company's
 financial year. The annual general meeting shall be held at such time and place as may be
 determined by the Directors.

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

17.3 **Directors Convene.** A majority of the Directors may call general meetings, and they shall on a Shareholders'
 requisition forthwith proceed to convene an extraordinary general meeting of the Company.

17.4 **Shareholders Convene.** A Shareholders' requisition is a request of one (1) or more Shareholders
 holding as at the date of deposit of the request in aggregate not less than one-third (1/3)
 of the voting rights in the share capital of the Company. Such Shareholders may also add
 resolutions to the agenda of a general meeting.

17.5 **Requisition.** Subject to Article 17.2, the requisition must state the objects of the meeting and must
 be signed by the Shareholders that made the request (the "**Requisitionists** ")
 and deposited at the Registered Office, and may consist of several documents in like form
 each signed by one (1) or more Requisitionists.

17.6 **Directors Convene General Meeting.** If the Directors do not within twenty-one (21) calendar days
 from the date of the deposit of the requisition duly proceed to convene a general meeting
 to be held within a further twenty-one (21) calendar days, the Requisitionists, or any of
 them representing more than one-half of the total voting rights of all of them, may themselves
 convene a general meeting, but any meeting so convened shall not be held after the expiration
 of three (3) months after the expiration of the said twenty-one (21) calendar days.

17.7 **Requisitionists Convene General Meeting.** 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.

17.8 **Shareholder Participation.** Shareholders seeking to bring business before the annual general meeting
 or to nominate candidates for election as Directors at the annual general meeting must deliver
 notice to the Registered Office not later than the close of business on the 90<sup>th</sup>
 day nor earlier than the close of business on the 120<sup>th</sup> day prior to the scheduled
 date of the annual general meeting.

18. **NOTICE OF GENERAL MEETINGS** 

18.1 **Notice of Meeting.** An annual general meeting of the Company shall be called by at least 7 days'
 notice in writing, and a general meeting of the Company (other than an annual general meeting)
 shall be called by at least 7 days' notice in writing. Every notice shall be exclusive
 of the day on which it is served or deemed to be served but inclusive of the day for which
 it is given, and shall specify the place, the day and the hour of the meeting and the general
 nature of the business and shall be given in the manner hereinafter mentioned or in such
 other manner if any as may be prescribed by the Company, provided that a general meeting
 of the Company shall, whether or not the notice specified in this Article has been given
 and whether or not the provisions of these Articles regarding general meetings have been
 complied with, be deemed to have been duly convened if it is so agreed:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of an extraordinary general meeting by a majority in number of the Shareholders
 (or their proxies) having a right to attend and vote at the meeting, being a majority together
 holding not less than ninety five percent (95%) in par value of the Shares giving that right.

18.2 **Failure to Give Notice.** 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.

19. **PROCEEDINGS AT GENERAL MEETINGS** 

19.1 **Due Constitution of Meeting.** 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.

19.2 **Quorum.** At least one (1) Shareholder being a holder of not less than an aggregate of one-third
 (1/3) of all votes attaching to all Shares in issue and entitled to vote present in person
 or by proxy or, if a corporation or other non-natural person, by its duly authorised representative,
 shall be a quorum for all purposes.

19.3 **No Quorum.** If within half an hour from the time appointed for the meeting a quorum is not
 present, the meeting shall be dissolved.

19.4 **Electronic Communication.** If the Directors wish to make this facility available for a specific general
 meeting or all general meetings of the Company, participation in any general meeting of the
 Company may be by means of a 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.

19.5 **Chairman of Shareholder Meeting.** The Chairman (if any) shall preside as chairman at every general
 meeting of the Company.

19.6 **No Chairman.** If there is no Chairman, or if at any general meeting he is not present within
 fifteen (15) minutes after the time appointed for holding the meeting or is unwilling to
 act as Chairman, any Director or Person nominated by the Directors shall preside as chairman
 of that meeting, failing which the Shareholders present in person or by proxy shall choose
 any Person present to be chairman of that meeting.

19.7 **Adjournment.** The chairman may with the consent of any general meeting at which a quorum is present
 (and shall if so directed by the meeting) adjourn a meeting from time to time and from place
 to place, 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.

19.8 **Cancellation or Postponement of Meeting.** The Directors may cancel or postpone any duly convened general
 meeting at any time prior to such meeting, except for general meetings requisitioned by Requisitionists
 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.

19.9 **Casting of Votes.** At any general meeting a resolution put to the vote of the meeting shall be
 decided on a show of hands, unless a poll is (before or on the declaration of the result
 of the show of hands) demanded by the chairman or any one (1) or more Shareholders who together
 hold not less than 10% of the votes attaching to the total shares that are present in person
 or by proxy, and unless a poll is so demanded, a declaration by the chairman that a resolution
 has, on a show of hands, been carried, or carried unanimously, or by a particular majority,
 or lost, and an entry to that effect in the book of the proceedings of the Company, shall
 be conclusive evidence of the fact, without proof of the number or proportion of the votes
 recorded in favour of, or against, that resolution.

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

19.11 **Equality of Votes.** All questions submitted to a meeting shall be decided by a simple majority
 of votes except where a greater majority is required by these Articles or by the Law. In
 the case of an equality of votes, whether on a show of hands or on a poll, the chairman of
 the meeting at which the show of hands takes place or at which the poll is demanded, shall
 be entitled to a second or casting vote.

19.12 **Specific Polls.** A poll demanded on the election of a chairman of the meeting or on a question
 of adjournment shall be taken forthwith. A poll demanded on any other question shall be taken
 at such time as the chairman of the meeting directs.

20. **VOTES OF SHAREHOLDERS** 

20.1 **Voting Rights.** Subject to any rights and restrictions for the time being attached to any Share,
 on a show of hands every Shareholder present in person and every Person representing a Shareholder
 by proxy shall, at a general meeting of the Company, have one (1) vote for each Class A Share
 and ten (10) votes for each Class B Share, in each case of which he is the holder and on
 a poll every Shareholder and every Person representing a Shareholder by proxy shall have
 one (1) vote for each Class A Share and ten (10) votes for each Class B Share of which he
 or the Person represented by proxy is the holder. Holders of Class A Shares and Class B Shares
 shall, at all times, vote together as one (1) class on all matters submitted to a vote by
 the Shareholders.

20.2 **Class Consent.** Class consents from the holders of Class A Shares and Class B Shares, as applicable,
 shall be required for any variation to the rights attached to their respective class of shares,
 however, the Directors may treat the two (2) classes of shares as forming one (1) class if
 they consider that both such classes would be affected in the same way by the proposal.

20.3 **No Variation.** The rights attaching to the Class A Shares and the Class B Shares shall not
 be deemed to be varied by the creation or issue of shares with preferred or other rights,
 including, without limitation, shares with enhanced or weighted voting rights.

20.4 **Change in authorised share capital.** The holders of Class A Shares and Class B Shares, respectively,
 do not have the right to vote separately if the number of authorised shares of such class
 is increased or decreased. Rather, the number of authorised Class A Shares and Class B Shares
 may be increased or decreased (but not below the number of shares of such class then outstanding)
 by both classes voting together by way of an Ordinary Resolution.

20.5 **Joint Holders.** In the case of joint holders the vote of the senior who tenders a vote whether
 in person or by proxy shall be accepted to the exclusion of the votes of the other joint
 holders and for this purpose seniority shall be determined by the order in which the names
 stand in the Register.

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

20.7 **Unpaid Shares.** 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.

20.8 **Poll Votes.** On a poll, votes may be given either personally or by proxy.

20.9 **Proxies.** Any Shareholder (including a Shareholder which is a clearing house (or its nominee(s)))
 entitled to attend and vote at a meeting of the Company shall be entitled to appoint another
 person (being a natural person) as his proxy to attend and vote in his place. A Shareholder
 who is the holder of two (2) or more Shares may appoint more than one (1) proxy to represent
 him and vote on his behalf at a general meeting of the Company or at a Class meeting. A proxy
 need not be a Shareholder, and shall be entitled to exercise the same powers on behalf of
 a Shareholder who is a natural person and for whom he acts as proxy as such Shareholder could
 exercise. In addition, a proxy shall be entitled to exercise the same powers on behalf of
 a Shareholder which is a corporation and for which he acts as proxy as such Shareholder could
 exercise as if it were a natural person Shareholder present in person at any general meeting.
 On a poll or a show of hands votes may be given either personally (or, in the case of a Shareholder
 being a corporation, by its duly authorised representative) or by proxy. 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.

20.10 **Form of Proxy.** An instrument appointing a proxy may be in any usual or common form or such
 other form as the Directors may approve.

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

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

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

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

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

20.12 **Proxy Instrument.** The instrument appointing a proxy shall be deemed to confer authority to
 demand or join in demanding a poll.

20.13 **No Action.** No action shall be taken by the Shareholders except at an annual or extraordinary
 general meeting called in accordance with these Articles and no action shall be taken by
 the Shareholders by written consent or electronic transmission, unless otherwise as permitted
 by these Articles.

20.14 **Written Resolutions.** 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.

21. **CORPORATIONS ACTING BY REPRESENTATIVES AT MEETINGS** 

21.1 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
 as if it were an individual Shareholder or Director.

22. **DEPOSITARY AND CLEARING HOUSES** 

22.1 If
 a recognised clearing house (or its nominee(s)) or depositary (or its nominee(s)) is a Shareholder
 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), who
 enjoy rights equivalent to the rights of other Shareholders, at any meeting of the Company
 (including but not limited to any general meeting or creditors' meeting) or of any
 Class of Shareholders provided that, if more than one (1) Person is so authorised, the authorisation
 shall specify the number and Class of Shares in respect of which each such Person is so authorised.
 A Person so authorised pursuant to this Article shall be entitled to exercise the same powers
 on behalf of the recognised clearing house (or its nominee(s)) or depositary (or its nominee(s))
 which he represents as that recognised clearing house (or its nominee(s)) or depositary (or
 its nominee(s)) could exercise as if it were an individual Shareholder holding the number
 and Class of Shares specified in such authorisation, including the right to speak and vote
 individually on a show of hands or on a poll.

23. **DIRECTORS** 

23.1 **Number of Directors.** Unless otherwise determined by the Company in general meeting, the number
 of Directors shall not be less than one (1) Director, the exact number of Directors to be
 determined exclusively by resolutions adopted by a majority of the authorized number of Directors
 constituting the Board from time to time. For so long as Shares are listed on the Designated
 Stock Exchange, the Directors shall include such number of Independent Directors as applicable
 law, rules or regulations or the Designated Stock Exchange Rules require for a foreign private
 issuer under the United States securities laws, so long as the Company is a foreign private
 issuer  *.*** 

23.2 **Vacancy.** Subject to the rights of the holders of any series of preferred shares, any casual vacancies
 on the Board of Directors resulting from death, resignation, disqualification, removal or
 other causes, and any newly created directorships resulting from any increase in the number
 of Directors, shall, unless the Board of Directors determines by resolution that any such
 vacancies or newly created directorships shall be filled by the Shareholders, except as otherwise
 provided by law, be filled only by the affirmative vote of a majority of the Directors then
 in office, even though less than a quorum of the Board of Directors, and not by the Shareholders.
 Any Director elected in accordance with the preceding sentence shall hold office only until
 the first annual general meeting of the Company after his appointment and shall then be eligible
 for re-election.

23.3 **Chairman of the Board.** The Board of Directors shall have a Chairman (who shall be a Director)
 elected and appointed by a majority of the Directors then in office. The period for which
 the Chairman will hold office will also be determined by a majority of all of the Directors
 then in office. 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
 (15) minutes after the time appointed for holding the same, the attending Directors may choose
 one (1) of their number to be the chairman of the meeting.

23.4 **Appointment of Directors.** The Company may by Ordinary Resolution appoint any person to be a Director.

23.5 **Vacancy Appointment.** Subject to the Company's compliance with director nomination procedures
 required under the Designated Stock Exchange Rules as long as Shares are listed on the Designated
 Stock Exchange, at any time or from time to time, the Board shall have the power to appoint
 any person as a Director either to fill a casual vacancy on the Board or as an additional
 Director to the existing Board subject to any maximum number of Directors, if any, as may
 be determined by the shareholders in general meeting. Any Director so appointed to fill a
 casual vacancy shall hold office only until the first general meeting of the Company after
 his appointment and be subject to re-election at such meeting. Any Director so appointed
 as an addition to the existing Board shall hold office only until the first annual general
 meeting of the Company after his appointment and be eligible for re-election at such meeting.
 Any Director so appointed by the Board shall not be taken into account in determining the
 Directors or the number of Directors who are to retire by rotation at an annual general meeting.

23.6 **Term.** At each annual general meeting, one-third (1/3) of the Directors for the time being shall
 retire from office by rotation. However, if the number of Directors is not a multiple of
 three (3), then the number nearest to but not less than one-third shall be the number of
 retiring Directors. The Directors to retire in each year shall be those who have been in
 office longest since their last re-election or appointment but, as between persons who became
 or were last re-elected Directors on the same day, those to retire shall (unless they otherwise
 agree among themselves) be determined by lot. No person, other than a retiring Director,
 shall, unless recommended by the Board for election, be eligible for election to the office
 of Director at any general meeting, unless notice in writing of the intention to propose
 that person for election as a Director and notice in writing by that person of his willingness
 to be elected has been lodged at the head office or at the registration office of the Company.
 The period for lodgment of such notices shall commence no earlier than the day after despatch
 of the notice of the relevant meeting and end no later than seven (7) days before the date
 of such meeting and the minimum length of the period during which such notices may be lodged
 must be at least seven (7) days.

23.7 **Removal of Directors.** A Director may be removed from office by Ordinary Resolution of the Company,
 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). 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.

23.8 **Company Policies.** The Board may, from time to time, and except as required by applicable law
 or the Designated Stock Exchange Rules, adopt, institute, amend, modify or revoke the corporate
 governance policies or initiatives, which shall be intended to set forth the policies of
 the Company and the Board on various corporate governance related matters as the Board shall
 determine by resolution from time to time.

23.9 **No Minimum Shareholding.** A Director shall not be required to hold any Shares in the Company
 by way of qualification nor is there any specified upper or lower age limit for the Directors
 either for accession to or retirement from the Board. A Director who is not a Shareholder
 of the Company shall nevertheless be entitled to attend and speak at general meetings.

23.10 **Remuneration of Directors.** The remuneration of the Directors may be determined by the Directors or
 by Ordinary Resolution.

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

24. **ALTERNATE DIRECTOR OR PROXY** 

24.1 **Alternate Appointment.** 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.

24.2 **Director Proxy.** 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. A proxy who
 attends such a meeting shall be counted in the quorum. Every such proxy shall be entitled
 to attend and vote in such appointing Director's place when the appointing Director
 is not personally present at such meeting; provided, that, prior to each meeting of the Board
 at which the proxy is to vote, the Director shall instruct the proxy as to the manner in
 which he is to cast the vote and shall inform the Board accordingly and the proxy shall be
 entitled to cast a vote on behalf of the Director only in accordance with such instructions.
 Where the proxy is a Director he shall be entitled to have such separate vote on behalf of
 the Director for which he is acting as proxy in addition to his own vote. The remuneration
 of such proxy shall be payable out of the remuneration of the Director appointing him–and
 the proportion thereof shall be agreed between them. The signature of a proxy to any resolution
 in writing of the Directors or a committee thereof shall, unless the terms of the appointment
 provides to the contrary, be as effective as the signature of the Director appointing him
 as proxy. For the avoidance of doubt, any Director that has the right to attend any meeting
 of a committee established by the Board may appoint a proxy to act in his place at such meeting.
 Where the Director appointing a proxy is an Interested Director in respect of a matter to
 be considered at a meeting of the Board, the Interested Director shall procure that the proxy
 declares the nature of his interest at such meeting and the proxy may be counted in the quorum
 may also be entitled to vote on behalf of the Interested Director in respect of any contract
 or proposed contract or arrangement in which such Interested Director is interested. For
 the avoidance of doubt, a person who is appointed a proxy shall not in consequence thereof
 become an Indemnified Person.

25. **POWERS AND DUTIES OF DIRECTORS** 

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

25.2 **Officers.** 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,
 the office of president, one (1) 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 (1) or more of their number to the office of managing director upon like terms, but any
 such appointment shall *ipso facto* terminate if any managing director ceases for any
 cause to be a Director, or if the Company by Ordinary Resolution resolves that his tenure
 of office be terminated.

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

25.4 **Delegation.** 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.
 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.
 Subject to any such conditions, the proceedings of any such committee, local board or agency
 shall be governed by the Articles regulating the proceedings of Directors, so far as they
 are capable of applying.

25.5 **Third Party Delegation**. 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.

25.6 **Delegation to Committees.** The Directors from time to time and at any time may delegate to any such
 committee (including, without limitation, the Audit Committee, the Compensation Committee
 and the Nominations 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.

25.7 **Sub-delegation.** 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.

25.8 **Committee Charter.** The Directors may adopt formal written charters for committees and, if so adopted,
 shall review and assess the adequacy of such formal written charters on an annual basis.
 Each of these committees shall be empowered to do all things necessary to exercise the rights
 of such committee set forth in these Articles and shall have such powers as the Directors
 may delegate pursuant to these Articles and as required by the rules and regulations of the
 Designated Stock Exchange, the Securities and Exchange Commission and/or any other competent
 regulatory authority or otherwise under applicable law.

26. **BORROWING POWERS OF DIRECTORS** 

26.1 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.

27. **THE SEAL** 

27.1 **Use of Seal**. 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 affixings 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 (1) 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.

27.2 **Duplicate Seal**. 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 affixings of such facsimile Seal. The facsimile
 Seal shall be affixed in the presence of such Person or Persons as the Directors shall for
 this purpose appoint and such Person or Persons as aforesaid shall sign every instrument
 to which the facsimile Seal 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 (1) or more Persons as the Directors may
 appoint for the purpose.

27.3 **Authentication and Filing**. 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.

28. **DISQUALIFICATION OF DIRECTORS** 

28.1 The
 office of Director shall be vacated, if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) resigns;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) is
 declared to be of unsound mind and the Board resolves that his office be vacated;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is
 prohibited from being or ceases to be a director by operation of law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) without
 special leave, is absent from meetings of the Board for three (3) consecutive meetings, and
 the Board resolves that his office is vacated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) has
 been required by the Designated Stock Exchange to cease to be a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) is
 removed from office by the requisite majority of the Directors or otherwise pursuant to these
 Articles.

29. **PROCEEDINGS OF DIRECTORS** 

29.1 **Voting.** The Directors may meet together (either within or without 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 (1) vote. In case of an equality of votes the Chairman
 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.

29.2 **Conference Call.** 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.

29.3 **Quorum.** The quorum necessary for the transaction of the business of the Directors 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.

30. **DIRECTORS' INTERESTS** 

30.1 **General Notice of Interests**. 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 shareholder of any specified company or firm and
 is to be regarded as interested in any contract or transaction which may thereafter be made
 with that company or firm shall be deemed a sufficient declaration of interest in regard
 to any contract so made or transaction so consummated. A Director may vote in respect of
 any contract or transaction or proposed contract or transaction that he or she may be interested
 therein, and he or she may be counted in the quorum of any meeting of the Directors at which
 any such contract or transaction or proposed contract or transaction shall come before the
 meeting for consideration.

30.2 **Other Office**. 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 or her interest, may be counted in the quorum present at any meeting of the Directors
 whereat he or she 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
 or she may also vote on any such appointment or arrangement.

30.3 **Disclosure of Interests**. 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. A Director may be counted in the quorum present
 for the portion of any meeting of the Directors whereat he or she is appointed to act by
 himself or herself or through his or her firm in a professional capacity for the Company
 or whereat the terms of any such appointment are arranged, and he or she may also vote on
 any such appointment or arrangement.

30.4 **Minutes.** The Directors shall cause minutes to be made for the purpose of recording:

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

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

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

30.5 **Signed Minutes.** 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 the absence of a Director
 or Directors (so long as a quorum was present) or that there may have been a technical defect
 in the proceedings.

30.6 **Written Resolution.** 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 (1)
 or more of the Directors or his duly appointed alternate.

30.7 **Notice of Meetings**. A Director may, or another Officer on the requisition of a Director shall,
 call a meeting of the Directors by at least two (2) days' notice in writing to every
 Director which notice shall set forth the general nature of the business to be considered
 unless notice is waived by all the Directors either at, before or after the meeting is held.

30.8 **Acting in Vacancy.** 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.

30.9 **Chairman of the Committee.** 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 (15) minutes after the time
 appointed for holding the meeting, the committee members present may choose one (1) of their
 number to be chairman of the meeting.

30.10 **Adjournment of the Committee Meeting.** 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.

30.11 **Defects.** 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.

31. **PRESUMPTION OF ASSENT** 

31.1 A
 Director of the Company 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 personal delivery,
 registered post, recognized overnight courier, or by electronic means with confirmation of
 receipt, 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.

32. **DIVIDENDS** 

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

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

32.3 **Setting aside of Funds.** 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.

32.4 **Payment.** Any dividend payable in cash to a Shareholder 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.

32.5 **Distribution in Kind.** The Directors may recommend to Shareholders 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, subject to the approval of Shareholders by an Ordinary
 Resolution, 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.

32.6 **Dividend Amounts.** 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.

32.7 **Joint Holders.** 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.

32.8 **No Interest.** No dividend shall bear interest against the Company.

32.9 **Unclaimed payments.** Any dividend unclaimed after a period of six (6) 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.

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

33.1 **Accounts.** 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.

33.2 **Inspection.** 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.

33.3 **Financial Information**. 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 of inspecting any account
 or book or document of the Company except as conferred by law or authorised by the Directors
 or by Ordinary Resolution.

33.4 **Audit.** 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.

33.5 **Auditor.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The
 Shareholders shall at each annual general meeting by Ordinary Resolution appoint one (1)
 or more firms of auditors to hold office until the conclusion of the next annual general
 meeting on such terms and which such duties as may be agreed with the Board, but if an appointment
 is not made, the auditors in office shall continue in office until a successor is appointed.
 Subject to compliance with the Designated Stock Exchange Rules, the Board may fill any casual
 vacancy in the office of auditors, but while any such vacancy continues the surviving or
 continuing auditors (if any) may act. Subject to the approval of the Audit Committee, the
 remuneration of the auditors shall be fixed by or on the authority of the Shareholders in
 the annual general meeting by Ordinary Resolution except that in any particular year the
 Shareholders in general meeting may by Ordinary Resolution delegate the fixing of such remuneration
 to the Board and, subject to compliance with the Designated Stock Exchange Rules, the remuneration
 of any Auditors appointed to fill any casual vacancy may be fixed by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The
 Shareholders may, at any general meeting convened and held in accordance with these Articles,
 remove the auditors by Ordinary Resolution at any time before the expiration of the term
 of office and shall, by Ordinary Resolution, at that meeting appoint new auditors in their
 place for the remainder of the term.

33.6 **Access Right**. 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.

33.7 **Auditor Reports**. 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 Shareholders.

33.8 **Annual Returns.** The Directors in each 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.

34. **CAPITALISATION OF RESERVES** 

34.1 Subject
 to the Companies Act, the Directors may, with the authority of an Ordinary Resolution:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) resolve
 to capitalise an amount standing to the credit of reserves (including a Share Premium Account,
 capital redemption reserve and profit and loss account), whether or not available for distribution;

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

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

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

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

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

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

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

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

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

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

35. **SHARE PREMIUM ACCOUNT** 

35.1 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.

35.2 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.

36. **NOTICES** 

36.1 **Delivery of Notices**. 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 air 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 or by placing it on the Company's Website
 should the Directors deem it appropriate provided that the Company has obtained the Shareholder's
 prior express positive confirmation in writing to receive notices in such manner. In the
 case of joint holders of a Share, all notices shall be given to that one (1) 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.

36.2 **Outside Delivery.** Notices posted to addresses outside the Cayman Islands shall be forwarded by
 prepaid airmail.

36.3 **Deemed Receipt of Notice.** Any Shareholder present, either personally or by proxy, 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.

36.4 **Notice Provisions.** Any notice or other document, if served by:

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) electronic
 mail, shall be deemed to have been served immediately upon the time of the transmission by
 electronic mail.

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.

36.5 **Deemed Service.** 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 Shareholder,
 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.

36.6 **Notices of General Meeting**. Notice of every general meeting of the Company shall be given to:

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

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

37. **INFORMATION** 

37.1 No
 Shareholder 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 Shareholders of the
 Company to communicate to the public.

37.2 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 Shareholders including, without
 limitation, information contained in the Register and transfer books of the Company.

38. **INDEMNITY** 

38.1 Every
 Director, 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) (each an "**Indemnified Person**") shall be indemnified and secured harmless against all actions, proceedings,
 costs, charges, expenses, losses, damages or liabilities incurred or sustained by such Indemnified
 Person, other than by reason of such Indemnified Person's own dishonesty, wilful default
 or fraud, in or about the conduct of the Company's business or affairs or in the execution
 or discharge of his duties, powers, authorities or discretions (including as a result of
 any mistake of judgment), including without prejudice to the generality of the foregoing,
 any costs, expenses (including reasonable attorneys' fees), 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
 (the "**Indemnified Matters** ").

38.2 Without
 prejudice to the generality of the foregoing, the Indemnified Matters include:

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

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

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

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

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

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

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

39. **FINANCIAL YEAR** 

39.1 Unless
 the Directors otherwise prescribe, the financial year of the Company shall end on June 30<sup>th
</sup>in each year and shall begin on July 1st in each year.

40. **NON-RECOGNITION OF TRUSTS** 

40.1 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.

41. **WINDING UP** 

41.1 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 Shareholders
 in species or in kind the whole or any part of the assets of the Company (whether they shall
 consist of property of the same kind or not) and may for that purpose value any assets and
 determine how the division shall be carried out as between the Shareholders or different
 classes of Shareholders. 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 Shareholders as the
 liquidator, with the like sanction, shall think fit, but so that no Shareholder shall be
 compelled to accept any asset upon which there is a liability.

41.2 If
 the Company shall be wound up, and the assets available for distribution amongst the Shareholders
 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 Shareholders in proportion
 to the par value of the Shares held by them. If in a winding up the assets available for
 distribution amongst the Shareholders 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 Shareholders 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.

42. **AMENDMENT OF MEMORANDUM AND ARTICLES OF ASSOCIATION** 

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

43. **CLOSING OF REGISTER OR FIXING RECORD DATE** 

43.1 **Closing of Register**. 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, by any
 means in accordance with the requirements of any Designated Stock Exchange, provide that
 the Register shall be closed for transfers for a stated period which shall not exceed in
 any case forty (40) calendar days. If the Register shall be so closed for the purpose of
 determining those Shareholders that are entitled to receive notice of, attend or vote at
 a meeting of Shareholders the Register shall be so closed for at least ten (10) calendar
 days immediately preceding such meeting and the record date for such determination shall
 be the date of the closure of the Register.

43.2 **Record Date Determination**. 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.

43.3 **No Record Date Chosen**. 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.

44. **REGISTRATION BY WAY OF CONTINUATION** 

44.1 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.

45. **DISCLOSURE** 

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