# EDGAR Filing Document

**Accession Number:** 0001958713
**File Stem:** 0001213900-26-041487
**Filing Date:** 2026-4
**Character Count:** 562810
**Document Hash:** 911a76194e427508cf7c0b798b19e5a1
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-26-041487.hdr.sgml**: 20260408

**ACCESSION NUMBER**: 0001213900-26-041487

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 6

**CONFORMED PERIOD OF REPORT**: 20260408

**FILED AS OF DATE**: 20260408

**DATE AS OF CHANGE**: 20260408

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** NFT Ltd
- **CENTRAL INDEX KEY:** 0001958713
- **STANDARD INDUSTRIAL CLASSIFICATION:** FINANCE SERVICES [6199]
- **ORGANIZATION NAME:** 09 Crypto Assets
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 333-268865
- **FILM NUMBER:** 26848148

**BUSINESS ADDRESS:**
- **STREET 1:** OFFICE Q 11TH FLOOR, KINGS WING PLAZA 2
- **STREET 2:** NO. 1 KWAN ST., SHA TIN, NEW TERRITORIES
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 999077
- **BUSINESS PHONE:** 86-13020144962

**MAIL ADDRESS:**
- **STREET 1:** OFFICE Q 11TH FLOOR, KINGS WING PLAZA 2
- **STREET 2:** NO. 1 KWAN ST., SHA TIN, NEW TERRITORIES
- **CITY:** HONG KONG
- **STATE:** K3
- **ZIP:** 999077

**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 April 2026

Commission File Number: 333-268865

**NFT Limited**

(Translation of registrant's name into English)

Office Q 11th Floor, Kings Wing Plaza 2,

No.1 Kwan Street, Sha Tin, New Territories

Hong Kong<br> Tel: +86-13061634962

(Address of principal executive office)

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 ☐

**Other Events**

Attached hereto as Exhibit 99.1 and Exhibit 99.2 is a notice of an extraordinary general meeting (the "Extraordinary General Meeting", or "EGM") of Shareholders (the "Notice") and a proxy card (the "Proxy Card"), respectively, of NFT Limited (the "Company") relating to the Company's Extraordinary General Meeting.

**Where to Find Additional Information**

The Company is a foreign private issuer. As such, the Notice is not subject to review and comment by the Securities and Exchange Commission (the "SEC").

Shareholders are urged to carefully read the Notice, because it contains important information about the Company and the Extraordinary General Meeting of Shareholders. Copies of Notice and other documents filed or submitted by the Company will be available at the website maintained by the SEC at www.sec.gov. Shareholders may obtain a copy of such filings, free of charge, from the Company's website at www.nftoeo.com, or by writing to us at Office Q, 11th Floor, Kings Wing Plaza 2, No. 1 Kwan Street, Sha Tin, New Territories, Hong Kong.

**Participants in the Solicitation**

The Company and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of the Company in connection with the Extraordinary General Meeting of Shareholders. Information regarding certain directors and executive officers of the Company is available in the Company's documents filed with or submitted to the SEC. Other information regarding the participants in the proxy solicitation and descriptions of their direct and indirect interests, by security holdings or otherwise, are set forth in the Notice filed herewith.

**Exhibits**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| 99.1 | [Notice of Extraordinary General Meeting of Shareholders and Proxy Statement](ea028540701ex99-1.htm) |
| 99.2 | [Proxy Card](ea028540701ex99-2.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.

Dated: April 8, 2026

---

| | |
|:---|:---|
| **NFT LIMITED** | **NFT LIMITED** |
| By: | /s/ Yanying Wang |
| Name: | Yanying Wang |
| Title: | Chief Executive Officer |

---

## Exhibit 99.1

**Exhibit 99.1**

**NFT LIMITED**

*(a Cayman Islands exempted company with limited liability)*

*(NYSE American: MI)*

**NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS**

NOTICE IS HEREBY GIVEN THAT the extraordinary general meeting of shareholders (the "**2026 Extraordinary Meeting**") of NFT Limited (the "**Company**") will be held on April 17, 2026 at 10:00 a.m., Eastern Time at Office Q, 11th Floor, Kings Wing Plaza 2, No. 1 Kwan Street, Sha Tin, New Territories, Hong Kong.

The purpose of the 2026 Extraordinary Meeting is for the shareholders of the Company (the "**Shareholders**") to consider, and if thought fit, pass the following resolutions:

1. As a special resolution, subject to all further requirements
prescribed by sections 14, 14A and 14B of the Companies Act of the Cayman Islands (As Revised) (the "**Companies Act** ")
relating to share capital reductions supported by solvency statements being complied with, that (together, the "**Share Capital Reduction and Reorganization** "):

*Share Capital Reduction*

&nbsp;&nbsp;&nbsp;&nbsp;a. the par value of each issued and outstanding Class A Ordinary
Share of a nominal or par value of US$0.005 each and Class B Ordinary Share of a nominal or par value of US$0.005 each, in each case,
in the share capital of the Company, be reduced to US$0.0005 by cancelling US$0.0045 of the paid-up capital on each of the issued and
outstanding Class A Ordinary Shares and Class B Ordinary Shares (the "**Share Capital Reduction** ");

&nbsp;&nbsp;&nbsp;&nbsp;b. following the Share Capital Reduction, the amount deemed
to be paid up on each issued and outstanding share of the Company shall be US$0.0005;

&nbsp;&nbsp;&nbsp;&nbsp;c. the credit arising from the Share Capital Reduction be transferred
to a distributable reserve account of the Company which may be utilised by the Company as the board of directors of the Company may deem
fit and as permitted under the Companies Act, the Company's first amended and restated memorandum and articles of association (as
further amended, restated or amended and restated, from time to time), and all relevant applicable laws, including, without limitation,
eliminating or setting off any accumulated losses of the Company (if any) from time to time;

*Share Capital Subdivision*

&nbsp;&nbsp;&nbsp;&nbsp;d. immediately following the Share Capital Reduction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. each authorised but unissued Class A Ordinary Share of a nominal
or par value of US$0.005 each be subdivided into 10 Class A Ordinary Shares of a nominal or par value of US$0.0005 each; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. each authorised but unissued Class B Ordinary Share of a nominal
or par value of US$0.005 each be subdivided into 10 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,

(the "**Share Capital Subdivision**");

*Share Capital Cancellation*

 

&nbsp;&nbsp;&nbsp;&nbsp;e. immediately following the Share Capital Subdivision, the
authorised share capital of the Company be altered by the cancellation of such number of unissued Class A Ordinary Shares of a nominal
or par value of US$0.0005 par value each and unissued Class B Ordinary Shares of a nominal or par value of US$0.0005 each that will result
in the Company having an authorised share capital of US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value
of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each (the "**Share Capital Cancellation** ");
and

*Authorised Share Capital Confirmation*

&nbsp;&nbsp;&nbsp;&nbsp;f. immediately following the Share Capital Reduction, the Share
Capital Subdivision and Share Capital Cancellation, the authorised share capital of the Company shall be US$50,000 divided into 90,000,000
Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value
of US$0.0005 each,

(together, the "**Share Capital Reduction and Reorganization Proposal**").

2. As a special resolution, subject to the approval and implementation
of the Share Capital Reduction and Reorganization, that the Company adopt the second amended and restated memorandum and articles of
association, in the form attached to the accompanying proxy statement as <u>Exhibit A</u>, in substitution for, and to the exclusion
of, the Company's existing first amended and restated memorandum and articles of association, to reflect the Share Capital Reduction
and Reorganization which shall take effect on the date of registration of the solvency statement (made under section 14A of the Companies
Act) and the minute as required by section 14B of the Companies Act (the "**Second Amended M&A Proposal** ").

3. As an ordinary resolution, subject to the approval and implementation
of the Share Capital Reduction and Reorganization, that the Company increase its authorised share capital (the "**Share Capital Increase** "):

**From**: US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

**To**: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

by creating an additional 8,910,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and an additional 990,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,

(the "**Share Capital Increase Proposal**").

4. As a special resolution, subject to the approval and implementation
of the Share Capital Increase, that the Company adopt the third amended and restated memorandum and articles of association, in the form
attached to the accompanying proxy statement as <u>Exhibit B</u>, in substitution for, and to the exclusion of, the Company's second
amended and restated memorandum and articles of association, to reflect the Share Capital Increase (the "**Third Amended M&A Proposal** ").

5. As an ordinary resolution, subject to the approval and implementation
of the Share Capital Increase, to authorize the Company's board of directors (the "**Board of Directors** ", "**Board** "
or "**Directors**") to effect a share consolidation of the Company's authorised and issued share capital (the "**Share Consolidation** "), at a ratio of up to one-for-two hundred (1:200), but in any case at a ratio of not less than one-for-five
(1:5) (the "**Approved Consolidation Ratio** "), at a date to be determined by the Board that is not more than one (1)
year following the date of the 2026 Extraordinary Meeting, with the exact ratios to be set at a whole number within this range, as determined
by the Board in its sole discretion, such that the number of authorised and issued Class A Ordinary Shares and Class B Ordinary Shares
is decreased by the Approved Consolidation Ratio, with the par value per Class A Ordinary Share and Class B Ordinary Share increased
by the Approved Consolidation Ratio and the authorised share capital of the Company being altered (assuming an Approved Consolidation
Ratio of 1:200):

**From**: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

**To as low as**: US$5,000,000 divided into 45,000,000 Class A Ordinary Shares of a nominal or par value of US$0.1 each and 5,000,000 Class B Ordinary Shares of a nominal or par value of US$0.1 each,

(the "**Share Consolidation Proposal**").

6. As a special resolution, subject to the approval and implementation
of the Share Consolidation, that the Company adopt the fourth amended and restated memorandum and articles of association, in the form
attached to the accompanying proxy statement as <u>Exhibit C</u>, subject to adjustment solely in respect of the final Approved Consolidation
Ratio to be determined by the Board of Directors, in substitution for, and to the exclusion of, the Company's third amended and
restated memorandum and articles of association, to reflect the Share Consolidation (the "**Fourth Amended M&A Proposal** ").

7. As an ordinary resolution, to adjourn the 2026 Extraordinary
Meeting to a later date or dates (A) to the extent necessary or convenient to ensure that any required supplement or amendment to the
notice of meeting is provided to Shareholders or (B) in order to solicit additional proxies from Shareholders in favour of one or more
of the proposals at the 2026 Extraordinary Meeting (the "**Adjournment Proposal** ").

As of the date of this Notice of Extraordinary General Meeting of Shareholders (the "**Notice**"), we have not received notice of any other matters that may be properly presented at the 2026 Extraordinary Meeting.

The Board of Directors of the Company has fixed the close of business on April 4, 2026 as the record date (the "**Record Date**") for determining the Shareholders entitled to receive notice of and to vote at the 2026 Extraordinary Meeting or any adjournment thereof.

Only holders of Class A Ordinary Shares of a nominal or par value of US$0.005 each (the "**Class A Ordinary Shares**") and Class B Ordinary Shares of a nominal or par value of US$0.005 each (the "**Class B Ordinary Shares**", and together with the Class A Ordinary Shares, the "**Ordinary Shares**") of the Company on the Record Date are entitled to receive notice of and to vote at the 2026 Extraordinary Meeting or any adjournment thereof.

IF YOU RETURN YOUR PROXY CARD WITHOUT AN INDICATION OF HOW YOU WISH TO VOTE AND YOU APPOINT THE CHAIR OF THE 2026 EXTRAORDINARY MEETING AS YOUR PROXY, YOUR SHARES WILL BE VOTED "FOR" ALL OF THE PROPOSALS LISTED ABOVE. IF YOU RETURN YOUR PROXY CARD WITHOUT AN INDICATION OF WHO YOU WISH TO APPOINT AS YOUR PROXY, THE CHAIR OF THE 2026 EXTRAORDINARY MEETING WILL BE APPOINTED AS YOUR PROXY.

We are providing this notice and the accompanying proxy card to our Shareholders in connection with the solicitation of proxies to be voted at the 2026 Extraordinary Meeting and at any adjournments or postponements of the 2026 Extraordinary Meeting.

We cordially invite all holders of Ordinary Shares to attend the 2026 Extraordinary Meeting. However, holders of Ordinary Shares entitled to attend and vote are entitled to appoint a proxy to attend and vote instead of such holders. A proxy need not be a Shareholder of the Company. If you are a holder of Ordinary Shares and whether or not you expect to attend the 2026 Extraordinary Meeting in person, please mark, date, sign and return the enclosed form of proxy as promptly as possible to ensure your representation and the presence of a quorum at the 2026 Extraordinary Meeting. If you send in your form of proxy and then decide to attend the 2026 Extraordinary Meeting to vote your Ordinary Shares in person, you may still do so. Your proxy is revocable in accordance with the procedures set forth in the notice. Whether or not you plan to attend the 2026 Extraordinary Meeting, we urge you to read this notice carefully and to vote your shares. Your vote is very important. If you are a registered shareholder, please vote your shares as soon as possible by completing, signing, dating and returning the enclosed proxy card in the postage-paid envelope provided. If you hold your shares in "street name" through a bank, broker or other nominee, you will need to follow the instructions provided to you by your bank, broker or other nominee to ensure that your shares are represented and voted at the 2026 Extraordinary Meeting. If you sign, date and return your proxy card without indicating how you wish to vote, your proxy will be voted FOR each of the proposals to be considered at the 2026 Extraordinary Meeting.

I want to thank all of our shareholders as we look forward to what we believe will be an exciting future for our business.

---

| |
|:---|
| By Order of the Board of Directors, |
| /s/ Yanying Wang |
| Yanying Wang Chief Executive Officer |
| April 8, 2026 |

---

**IT IS IMPORTANT THAT YOU VOTE, SIGN AND RETURN THE ACCOMPANYING PROXY CARD AS SOON AS POSSIBLE**

**NFT LIMITED**

**2026 EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS TO BE HELD ON APRIL 17, 2026**

**PROXY STATEMENT**

The Board of Directors (as defined below) of NFT Limited (the "**Company**") is soliciting proxies for the extraordinary general meeting of shareholders (the "**2026 Extraordinary Meeting**") of the Company to be held on April 17, 2026, 10:00 a.m. Eastern Time at Office Q, 11th Floor, Kings Wing Plaza 2, No. 1 Kwan Street, Sha Tin, New Territories, Hong Kong.

Only holders of the Class A Ordinary Shares of a nominal or par value of US$0.005 each (the "**Class A Ordinary Shares**") and Class B Ordinary Shares of a nominal or par value of US$0.005 each (the "**Class B Ordinary Shares**" and together with the Class A Ordinary Shares, the "**Ordinary Shares**") of the Company at the close of business on April 6, 2026 (the "**Record Date**") are entitled to attend and vote at the 2026 Extraordinary Meeting or at any adjournment thereof.

The necessary quorum shall be one (1) or more shareholders entitled to vote and present in person or by proxy or (in the case of a shareholder being a corporation) by its duly authorized representative representing not less than one-third in nominal value of the total issued voting shares in the Company.

Any shareholder entitled to attend and vote at the 2026 Extraordinary Meeting is entitled to appoint a proxy to attend and vote instead of such Shareholder. A proxy need not be a shareholder of the Company. On a vote by way of poll, each Class A Ordinary Share shall be entitled to one (1) vote on all matters subject to vote at general meetings of the Company and each Class B Ordinary Share shall be entitled to twenty (20) votes on all matters subject to vote at general meetings of the Company. The polls will close at 11:59 p.m. EST on April 16, 2026.

A proxy statement describing the matters to be voted upon at the 2026 Extraordinary Meeting along with a proxy card enabling the Shareholders to indicate their vote will be mailed on or about April 9, 2026, to all shareholders entitled to vote at the 2026 Extraordinary Meeting. Such proxy statement will also be furnished to the U.S. Securities and Exchange Commission, or the SEC, under cover of Form 6-K and will be available on our website at www.nftoeo.com on or about April 8, 2026. If you plan to attend the 2026 Extraordinary Meeting and your shares are not registered in your own name, please ask your broker, bank or other nominee that holds your shares to provide you with evidence of your share ownership. Such proof of share ownership will be required to gain admission to the 2026 Extraordinary Meeting.

Whether or not you plan to attend the 2026 Extraordinary Meeting, it is important that your shares be represented and voted at the 2026 Extraordinary Meeting. Accordingly, after reading the Notice and accompanying proxy statement, please sign, date, and mail the enclosed proxy card in the envelope provided or vote by telephone or over the Internet in accordance with the instructions on your proxy card. The proxy card must be received by Broadridge Financial Solutions, Inc. no later than 11:59 p.m. EST on April 16, 2026 to be validly included in the tally of shares voted at the 2026 Extraordinary Meeting. Detailed proxy voting instructions are provided both in the proxy statement and on the proxy card.

**QUESTIONS AND ANSWERS ABOUT THE 2026 EXTRAORDINARY MEETING, THE PROXY MATERIALS AND VOTING YOUR SHARES**

**WHY AM I RECEIVING THESE MATERIALS?**

Our Board has delivered the Proxy Materials to you in connection with the solicitation of proxies for use at the 2026 Extraordinary Meeting. As a shareholder, you are invited to attend the 2026 Extraordinary Meeting and are requested to vote on the items of business described in this Proxy Statement.

**WHAT IS A PROXY?**

Our Board is soliciting your vote at the 2026 Extraordinary Meeting. You may vote by proxy as explained in this Proxy Statement. A proxy is your formal legal designation of another person to vote the shares you own. That other person is called a proxy. If you designate someone as your proxy in a written document, that document also is called a proxy or a proxy card.

**WHAT PROPOSALS WILL BE VOTED ON AT THE 2026 EXTRAORDINARY MEETING?**

There are seven proposals that will be voted on at the 2026 Extraordinary Meeting:

1. As a special resolution, subject to all further requirements
prescribed by sections 14, 14A and 14B of the Companies Act of the Cayman Islands (As Revised) (the "**Companies Act** ")
relating to share capital reductions supported by solvency statements being complied with, that (together, the "**Share Capital Reduction and Reorganization** "):

*Share Capital Reduction*

&nbsp;&nbsp;&nbsp;&nbsp;a. the par value of each issued and outstanding Class A Ordinary
Share of a nominal or par value of US$0.005 each and Class B Ordinary Share of a nominal or par value of US$0.005 each, in each case,
in the share capital of the Company, be reduced to US$0.0005 by cancelling US$0.0045 of the paid-up capital on each of the issued and
outstanding Class A Ordinary Shares and Class B Ordinary Shares (the "**Share Capital Reduction** ");

&nbsp;&nbsp;&nbsp;&nbsp;b. following the Share Capital Reduction, the amount deemed
to be paid up on each issued and outstanding share of the Company shall be US$0.0005;

&nbsp;&nbsp;&nbsp;&nbsp;c. the credit arising from the Share Capital Reduction be transferred
to a distributable reserve account of the Company which may be utilised by the Company as the board of directors of the Company may deem
fit and as permitted under the Companies Act, the Company's first amended and restated memorandum and articles of association (as
further amended, restated or amended and restated, from time to time), and all relevant applicable laws, including, without limitation,
eliminating or setting off any accumulated losses of the Company (if any) from time to time;

*Share Capital Subdivision*

&nbsp;&nbsp;&nbsp;&nbsp;d. immediately following the Share Capital Reduction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. each authorised but unissued Class A Ordinary Share of a nominal
or par value of US$0.005 each be subdivided into 10 Class A Ordinary Shares of a nominal or par value of US$0.0005 each; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. each authorised but unissued Class B Ordinary Share of a nominal
or par value of US$0.005 each be subdivided into 10 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,

(the "**Share Capital Subdivision**");

*Share Capital Cancellation*

 

&nbsp;&nbsp;&nbsp;&nbsp;e. immediately following the Share Capital Subdivision, the
authorised share capital of the Company be altered by the cancellation of such number of unissued Class A Ordinary Shares of a nominal
or par value of US$0.0005 par value each and unissued Class B Ordinary Shares of a nominal or par value of US$0.0005 each that will result
in the Company having an authorised share capital of US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value
of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each (the "**Share Capital Cancellation** ");
and

*Authorised Share Capital Confirmation*

&nbsp;&nbsp;&nbsp;&nbsp;f. immediately following the Share Capital Reduction, the Share
Capital Subdivision and Share Capital Cancellation, the authorised share capital of the Company shall be US$50,000 divided into 90,000,000
Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value
of US$0.0005 each,

(together, the "**Share Capital Reduction and Reorganization Proposal**").

2. As a special resolution, subject to the approval and implementation
of the Share Capital Reduction and Reorganization, that the Company adopt the second amended and restated memorandum and articles of
association, in the form attached to the proxy statement as <u>Exhibit A</u>, in substitution for, and to the exclusion of, the Company's
existing first amended and restated memorandum and articles of association, to reflect the Share Capital Reduction and Reorganization
which shall take effect on the date of registration of the solvency statement (made under section 14A of the Companies Act) and the minute
as required by section 14B of the Companies Act (the "**Second Amended M&A Proposal** ").

3. As an ordinary resolution, subject to the approval and implementation
of the Share Capital Reduction and Reorganization, that the Company increase its authorised share capital (the "**Share Capital Increase** "):

**From**: US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

**To**: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

by creating an additional 8,910,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and an additional 990,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,

(the "**Share Capital Increase Proposal**").

4. As a special resolution, subject to the approval and implementation
of the Share Capital Increase, that the Company adopt the third amended and restated memorandum and articles of association, in the form
attached to the proxy statement as <u>Exhibit B</u>, in substitution for, and to the exclusion of, the Company's second amended
and restated memorandum and articles of association, to reflect the Share Capital Increase (the "**Third Amended M&A Proposal** ").

5. As an ordinary resolution, subject to the approval and implementation
of the Share Capital Increase, to authorize the Company's board of directors (the "**Board of Directors** ", "**Board** "
or "**Directors**") to effect a share consolidation of the Company's authorised and issued share capital (the "**Share Consolidation** "), at a ratio of up to one-for-two hundred (1:200), but in any case at a ratio of not less than one-for-five
(1:5) (the "**Approved Consolidation Ratio** "), at a date to be determined by the Board that is not more than one (1)
year following the date of the 2026 Extraordinary Meeting, with the exact ratios to be set at a whole number within this range, as determined
by the Board in its sole discretion, such that the number of authorised and issued Class A Ordinary Shares and Class B Ordinary Shares
is decreased by the Approved Consolidation Ratio, with the par value per Class A Ordinary Share and Class B Ordinary Share increased
by the Approved Consolidation Ratio and the authorised share capital of the Company being altered (assuming an Approved Consolidation
Ratio of 1:200):

**From**: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

**To as low as**: US$5,000,000 divided into 45,000,000 Class A Ordinary Shares of a nominal or par value of US$0.1 each and 5,000,000 Class B Ordinary Shares of a nominal or par value of US$0.1 each,

(the "**Share Consolidation Proposal**").

6. As a special resolution, subject to the approval and implementation
of the Share Consolidation, that the Company adopt the fourth amended and restated memorandum and articles of association, in the form
attached to the proxy statement as <u>Exhibit C</u>, subject to adjustment solely in respect of the final Approved Consolidation Ratio
to be determined by the Board of Directors, in substitution for, and to the exclusion of, the Company's third amended and restated
memorandum and articles of association, to reflect the Share Consolidation (the "**Fourth Amended M&A Proposal** ").

7. As an ordinary resolution, to adjourn the 2026 Extraordinary
Meeting to a later date or dates (A) to the extent necessary or convenient to ensure that any required supplement or amendment to the
notice of meeting is provided to Shareholders or (B) in order to solicit additional proxies from Shareholders in favour of one or more
of the proposals at the 2026 Extraordinary Meeting (the "**Adjournment Proposal** ").

We may also transact such other business as may properly come before the 2026 Extraordinary Meeting.

**HOW DOES THE BOARD RECOMMEND I VOTE?**

Our Board unanimously recommends a vote "FOR" each proposal from Proposals No. 1 - 7.

**WHAT HAPPENS IF ADDITIONAL MATTERS ARE PRESENTED AT THE 2026 EXTRAORDINARY MEETING?**

If any other matters are properly presented for consideration at the 2026 Extraordinary Meeting, including, among other things, consideration of a motion to adjourn or postpone the 2026 Extraordinary Meeting to another time or place (including, without limitation, for the purpose of soliciting additional proxies), the persons named as proxy holders will have discretion to vote on those matters in accordance with their best judgment, unless you direct them otherwise in your proxy instructions. We do not currently anticipate that any other matters will be raised at the 2026 Extraordinary Meeting.

**WHO CAN VOTE AT THE 2026 EXTRAORDINARY MEETING?**

Shareholders of record at the close of business on April 6, 2026, the date established by the Board for determining the Shareholders entitled to vote at our 2026 Extraordinary Meeting (the "**Record Date**"), are entitled to vote at the 2026 Extraordinary Meeting.

On the Record Date, 18,478,875 shares of our Class A Ordinary Shares (representing 18,478,875 votes) and 0 shares of our Class B Ordinary Shares (representing 0 votes) were outstanding and are entitled to vote at the 2026 Extraordinary Meeting. Holders of Class A Ordinary Shares and Class B Ordinary Shares will vote together as a single class on all proposals to be voted on at the 2026 Extraordinary Meeting.

On a vote by way of poll, each Class A Ordinary Share shall be entitled to one (1) vote on all matters subject to vote at general meetings of the Company. Each Class B Ordinary Share shall be entitled to twenty (20) votes on all matters subject to vote at general meetings of the Company. The polls will close at 11:59 p.m. EST on April 16, 2026.

A list of the Shareholders of record as of April 6, 2026 will be available for inspection at the 2026 Extraordinary Meeting.

**WHAT CONSTITUTES A QUORUM?**

The necessary quorum shall be one (1) or more shareholders entitled to vote and present in person or by proxy or (in the case of a shareholder being a corporation) by its duly authorized representative representing not less than one-third in nominal value of the total issued voting shares in the Company.

If such members are not present in person, or by timely and properly submitted proxies to constitute a quorum, the 2026 Extraordinary Meeting may be adjourned to such time and place determined by the Directors. Both abstentions and broker non-votes are counted as present for the purpose of determining the presence of a quorum.

**WHAT IS THE DIFFERENCE BETWEEN BEING A "SHAREHOLDER OF RECORD" AND A "BENEFICIAL OWNER" HOLDING SHARES IN STREET NAME?**

**Shareholder of Record:** You are a "shareholder of record" if your shares are registered directly in your name with our transfer agent, Vstock Transfer, LLC. The Proxy Materials are sent directly to a shareholder of record.

**Beneficial Owner:** If your shares are held in a stock brokerage account or by a bank or other nominee, you are considered the "beneficial owner" of shares held in "street name" and your bank or other nominee is considered the shareholder of record. Your bank or other nominee forwarded the Proxy Materials to you. As the beneficial owner, you have the right to direct your bank or other nominee how to vote your shares by completing a voting instruction form. Because a beneficial owner is not the shareholder of record, you are invited to attend the 2026 Extraordinary Meeting, but you may not vote these shares in person at the 2026 Extraordinary Meeting unless you obtain a "legal proxy" from the bank or other nominee that holds your shares, giving you the right to vote the shares at the 2026 Extraordinary Meeting.

**HOW DO I VOTE?**

Shareholders of record can vote their shares in person by attending the 2026 Extraordinary Meeting in person, by telephone, or over the Internet at www.proxyvote.com in accordance with the instructions on your proxy card, or by mail, by completing, signing and mailing your proxy card. The proxy card must be received by Broadridge Financial Solutions, Inc. no later than 11:59 p.m. EST on April 16, 2026 to be validly included in the tally of shares voted at the 2026 Extraordinary Meeting.

If you are a beneficial owner whose Class A Ordinary Shares or Class B Ordinary Shares are held in "street name" (i.e. through a bank, broker or other nominee), you will receive voting instructions from the institution holding your shares. The methods of voting will depend upon the institution's voting processes, including voting via the telephone or the Internet. Please contact the institution holding your Class A Ordinary Shares or Class B Ordinary Shares for more information.

**WHAT DOES IT MEAN IF I RECEIVE MORE THAN ONE PROXY CARD?**

It means that your Class A Ordinary Shares or Class B Ordinary Shares are registered differently or you have multiple accounts. Please vote all of these shares separately to ensure all of the shares you hold are voted.

**WHAT IF I DO NOT SPECIFY HOW MY SHARES ARE TO BE VOTED?**

**Shareholders of Record:** If you are a shareholder of record and you properly submit your proxy but do not give voting instructions, the persons named as proxies will vote your shares as follows:

● "FOR" to approve the Share Capital Reduction and Reorganization Proposal (Proposal No. 1);

● "FOR" to approve the Second Amended M&A Proposal (Proposal No. 2);

● "FOR" to approve the Share Capital Increase Proposal (Proposal No. 3);

● "FOR" to approve the Third Amended M&A Proposal (Proposal No. 4);

● "FOR" to approve the Share Consolidation Proposal (Proposal No. 5);

● "FOR" to approve the Fourth Amended M&A Proposal (Proposal No. 6); and

● "FOR" to approve the Adjournment Proposal (Proposal No. 7).

**Beneficial Owners:** If you are a beneficial owner whose Class A Ordinary Shares or Class B Ordinary Shares are held in "street name" (i.e. through a bank, broker or other nominee) and you do not give voting instructions to your bank, broker or other nominee, your bank, broker or other nominee may exercise discretionary authority to vote on matters that NYSE American ("NYSE American") determines to be "routine." Your bank, broker or other nominee is not allowed to vote your shares on "non-routine" matters, and this will result in a "broker non-vote" on that non-routine matter, but the shares will be counted for purposes of determining whether a quorum exists. There is no routine matter in this 2026 Extraordinary Meeting. We strongly encourage you to submit your voting instructions and exercise your right to vote as a shareholder.

**CAN I CHANGE MY VOTE OR REVOKE MY PROXY?**

If you are a shareholder of record, you may revoke your proxy at any time prior to the vote at the 2026 Extraordinary Meeting. If you submitted your proxy by mail, you must file with the Corporate Secretary of the Company a written notice of revocation or deliver, prior to the vote at the 2026 Extraordinary Meeting, a valid, later-dated proxy. Attendance at the 2026 Extraordinary Meeting will not have the effect of revoking a proxy unless you give written notice of revocation to the Corporate Secretary before the proxy is exercised or you vote by written ballot at the 2026 Extraordinary Meeting. If you are a beneficial owner whose Class A Ordinary Shares or Class B Ordinary Shares are held through a bank, broker or other nominee, you may change your vote by submitting new voting instructions to your bank, broker or other nominee, or, if you have obtained a legal proxy from your bank, broker or other nominee giving you the right to vote your shares, by attending the 2026 Extraordinary Meeting and voting in person.

For purposes of submitting your vote, you may change your vote until 11:59 p.m. EST on April 16, 2026. After this deadline, the last vote submitted will be the vote that is counted.

**HOW WILL THE PROXIES BE SOLICITED AND WHO WILL BEAR THE COSTS?**

We will pay the cost of soliciting proxies for the 2026 Extraordinary Meeting. Proxies may be solicited by our directors, executive officers, and employees, without additional compensation, in person, or by mail, courier, telephone, email or facsimile. We may also make arrangements with brokerage houses and other custodians, nominees and fiduciaries for the forwarding of solicitation material to the beneficial owners of shares held of record by such persons. We may reimburse such brokerage houses and other custodians, nominees and fiduciaries for reasonable out-of-pocket expenses incurred by them in connection therewith.

**WHO WILL COUNT THE VOTES AND HOW CAN I FIND THE VOTING RESULTS OF THE 2026 EXTRAORDINARY MEETING?**

Broadridge Financial Solutions, Inc. will tabulate and certify the votes. We plan to announce preliminary voting results at the 2026 Extraordinary Meeting, and we will report the final results in a Current Report on Form 6-K, which we will file with the SEC shortly after the 2026 Extraordinary Meeting.

**WHAT VOTE IS REQUIRED TO APPROVE EACH ITEM?**

The vote required to approve each proposal, and the conditionality applicable to each proposal, is set out below.

**Proposal No. 1 — Share Capital Reduction and Reorganization Proposal**

The affirmative vote of a majority of not less than two-thirds of such Shareholders as, being entitled to do so, vote in person or by proxy at the 2026 Extraordinary Meeting is required to approve the Share Capital Reduction and Reorganization Proposal. The Share Capital Reduction and Reorganization Proposal is not conditional upon the approval of any other proposal. However, the approval and implementation of the Share Capital Reduction and Reorganization Proposal is a condition precedent to each of Proposal No. 2 (the Second Amended M&A Proposal), Proposal No. 3 (the Share Capital Increase Proposal) and Proposal No. 4 (the Third Amended M&A Proposal) taking effect.

**Proposal No. 2 — Second Amended M&A Proposal**

The affirmative vote of a majority of not less than two-thirds of such Shareholders as, being entitled to do so, vote in person or by proxy at the 2026 Extraordinary Meeting is required to approve the Second Amended M&A Proposal. The Second Amended M&A Proposal is conditional upon the approval and implementation of Proposal No. 1 (the Share Capital Reduction and Reorganization Proposal). If Proposal No. 1 is not approved and implemented, the Second Amended M&A Proposal will not take effect even if it receives the requisite Shareholder approval at the 2026 Extraordinary Meeting.

**Proposal No. 3 — Share Capital Increase Proposal**

The affirmative vote of a simple majority of the votes cast at the 2026 Extraordinary Meeting is required to approve the Share Capital Increase Proposal. The Share Capital Increase Proposal is conditional upon the approval and implementation of Proposal No. 1 (the Share Capital Reduction and Reorganization Proposal). If Proposal No. 1 is not approved and implemented, the Share Capital Increase Proposal will not take effect even if it receives the requisite Shareholder approval at the 2026 Extraordinary Meeting. The approval and implementation of the Share Capital Increase Proposal is in turn a condition precedent to Proposal No. 4 (the Third Amended M&A Proposal) taking effect.

**Proposal No. 4 — Third Amended M&A Proposal**

The affirmative vote of a majority of not less than two-thirds of such Shareholders as, being entitled to do so, vote in person or by proxy at the 2026 Extraordinary Meeting is required to approve the Third Amended M&A Proposal. The Third Amended M&A Proposal is conditional upon the approval and implementation of both Proposal No. 1 (the Share Capital Reduction and Reorganization Proposal) and Proposal No. 3 (the Share Capital Increase Proposal). If either Proposal No. 1 or Proposal No. 3 is not approved and implemented, the Third Amended M&A Proposal will not take effect even if it receives the requisite Shareholder approval at the 2026 Extraordinary Meeting.

**Proposal No. 5 — Share Consolidation Proposal**

The affirmative vote of a simple majority of the votes cast at the 2026 Extraordinary Meeting is required to approve the Share Consolidation Proposal. The Share Consolidation Proposal is not conditional upon the approval of any other proposal. However, Shareholders should note that the Share Consolidation, if and when implemented by the Board within the authorized period, will be effected on the basis of the authorized share capital of the Company as it stands at the time of implementation. If Proposals No. 1 and No. 3 have been approved and implemented, the Share Consolidation will be effected on the expanded authorized share capital. If either or both of those proposals have not been approved and implemented, the authorized share capital available for consolidation will differ accordingly. The approval and implementation of the Share Consolidation Proposal is a condition precedent to Proposal No. 6 (the Fourth Amended M&A Proposal) taking effect.

**Proposal No. 6 — Fourth Amended M&A Proposal**

The affirmative vote of a majority of not less than two-thirds of such Shareholders as, being entitled to do so, vote in person or by proxy at the 2026 Extraordinary Meeting is required to approve the Fourth Amended M&A Proposal. The Fourth Amended M&A Proposal is conditional upon the approval and implementation of Proposal No. 5 (the Share Consolidation Proposal). If Proposal No. 5 is not approved and implemented, the Fourth Amended M&A Proposal will not take effect even if it receives the requisite Shareholder approval at the 2026 Extraordinary Meeting.

**Proposal No. 7 — Adjournment Proposal**

The affirmative vote of a simple majority of the votes cast at the 2026 Extraordinary Meeting is required to approve the Adjournment Proposal. The Adjournment Proposal is not conditional upon the approval of any other proposal.

**WHAT ARE ABSTENTIONS AND BROKER NON-VOTES AND HOW WILL THEY BE TREATED?**

An "abstention" occurs when a shareholder chooses to abstain or refrain from voting their shares on one or more matters presented for a vote. For the purpose of determining the presence of a quorum, abstentions are counted as present.

Abstentions will have no effect on the outcome of either proposal.

A "broker non-vote" occurs when a bank, broker or other holder of record holding shares for a beneficial owner attends the 2026 Extraordinary Meeting in person, or by proxy, but does not vote on a particular proposal because that holder does not have discretionary authority to vote on that particular item and has not received instructions from the beneficial owner.

Broker non-votes will have no effect on the outcome of either proposal.

**WHAT DO I NEED TO DO TO ATTEND THE 2026 EXTRAORDINARY MEETING?**

If you plan to attend the 2026 Extraordinary Meeting in person, you will need to bring proof of your ownership of shares, such as your proxy card or transfer agent statement and present an acceptable form of photo identification such as a passport or driver's license. Cameras, recording devices and other electronic devices will not be permitted at the 2026 Extraordinary Meeting.

If you are a beneficial owner holding shares in "street name" through a bank, broker or other nominee and you would like to attend the 2026 Extraordinary Meeting, you will need to bring an account statement or other acceptable evidence of ownership of shares as of the close of business EST on April 6, 2026. In order to vote at the 2026 Extraordinary Meeting, you must contact your bank, broker or other nominee in whose name your shares are registered and obtain a legal proxy from your bank, broker or other nominee and bring it to the 2026 Extraordinary Meeting.

**WHERE CAN I GET A COPY OF THE PROXY MATERIALS?**

Copies of the proxy card, the Notice and this Proxy Statement are available on our Company's website at www.nftoeo.com. The contents of that website are not a part of this Proxy Statement.

**PROPOSAL NO. 1 — SHARE CAPITAL REDUCTION AND REORGANIZATION PROPOSAL**

**General**

To consider and approve a proposal for a reduction and reorganization of the authorised and issued share capital of the Company, subject to all further requirements prescribed by sections 14, 14A and 14B of the Companies Act of the Cayman Islands (As Revised) (the "**Companies Act**") relating to share capital reductions supported by solvency statements being complied with, to change the authorised and issued share capital (after all interim steps have been completed):

● From: US$500,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.005 each;

● To: US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each.

It is noted that the Companies (Amendment) Act, 2024 of the Cayman Islands (the "**Amendment Act**"), which amended the Companies Act, came into force on 1 January 2026. Amongst other things, the Amendment Act allows companies limited by shares or by guarantee to reduce their share capital without the need for court approval by passing a special resolution supported by a solvency statement (the "**Solvency Statement**") signed by a director no more than 30 days before the date on which the special resolution is passed (the "**New Share Capital Reduction Regime**"). Under the Amendment Act, "solvency statement" is defined as "a statement made in the prescribed form to the effect that a full enquiry into the company's affairs has been made and to the best of the directors' knowledge and belief the company will be able to pay its debts as they fall due in the ordinary course of business commencing on the date of the statement."

The Board of Directors consider it to be in the best interests of the Company to present the Share Capital Reduction and Reorganization proposal to the Shareholders at the 2026 Extraordinary Meeting to approve the Share Capital Reduction and Reorganization so that the Company may proceed with the Share Capital Increase and the Share Consolidation as set out in Proposals 3, 4, 5 and 6 below, and to create flexibility for future corporate actions as the Board determines to be in the best interests of the Company and its Shareholders.

It is noted that the Board of Directors of the Company, in accordance with the requirements of the New Share Capital Reduction Regime, have determined that, after having made a full enquiry into the affairs of the Company, to the best of their knowledge and belief, the Company is and will be able to pay its debts as they fall due in the ordinary course of business. The Board of Directors has made a Solvency Statement in connection with the proposed Share Capital Reduction and Reorganization pursuant to section 14A of the Companies Act no more than thirty days before the date of the 2026 Extraordinary Meeting.

If approved at the 2026 Extraordinary Meeting, the Company will be required to deliver to the Registrar of Companies in the Cayman Islands (the "**Registrar**") a copy of the Solvency Statement and a minute showing certain information in respect of the Share Capital Reduction and Reorganization (the "**Minute**"), in each case, as required pursuant to section 14B of the Companies Act, within fifteen (15) days of the passing of this Proposal No. 1. The Share Capital Reduction and Reorganization will then take effect on the date on which the Solvency Statement and Minute is registered by the Registrar under section 14B of the Companies Act.

If approved at the 2026 Extraordinary Meeting, the Share Capital Reduction and Reorganization will be implemented simultaneously, and in a proportionate manner equally, for all Ordinary Shares of the Company. The Share Capital Reduction and Reorganization Proposal will affect all Shareholders uniformly and will have no effect on the proportionate holdings of any individual Shareholder's beneficial ownership in the Company.

**Effects of the Share Capital Reduction and Reorganization**

It is proposed that, subject to all further requirements prescribed by sections 14, 14A and 14B of the Companies Act relating to share capital reductions supported by solvency statements being complied with, that the Share Capital Reduction and Reorganization take effect as follows:

*Share Capital Reduction*

&nbsp;&nbsp;&nbsp;&nbsp;a. the par value of each issued and outstanding Class A Ordinary
Share of a nominal or par value of US$0.005 each and Class B Ordinary Share of a nominal or par value of US$0.005 each, in each case,
in the share capital of the Company, be reduced to US$0.0005 by cancelling US$0.0045 of the paid-up capital on each of the issued and
outstanding Class A Ordinary Shares and Class B Ordinary Shares (the "**Share Capital Reduction** ");

&nbsp;&nbsp;&nbsp;&nbsp;b. following the Share Capital Reduction, the amount deemed
to be paid up on each issued and outstanding share of the Company shall be US$0.0005;

&nbsp;&nbsp;&nbsp;&nbsp;c. the credit arising from the Share Capital Reduction be transferred
to a distributable reserve account of the Company which may be utilised by the Company as the board of directors of the Company may deem
fit and as permitted under the Companies Act, the Company's first amended and restated memorandum and articles of association (as
further amended, restated or amended and restated, from time to time), and all relevant applicable laws, including, without limitation,
eliminating or setting off any accumulated losses of the Company (if any) from time to time;

*Share Capital Subdivision*

&nbsp;&nbsp;&nbsp;&nbsp;d. immediately following the Share Capital Reduction:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;i. each authorised but unissued Class A Ordinary Share of a nominal
or par value of US$0.005 each be subdivided into 10 Class A Ordinary Shares of a nominal or par value of US$0.0005 each; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ii. each authorised but unissued Class B Ordinary Share of a nominal
or par value of US$0.005 each be subdivided into 10 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,

(the "**Share Capital Subdivision**");

*Share Capital Cancellation*

 

&nbsp;&nbsp;&nbsp;&nbsp;e. immediately following the Share Capital Subdivision, the
authorised share capital of the Company be altered by the cancellation of such number of unissued Class A Ordinary Shares of a nominal
or par value of US$0.0005 par value each and unissued Class B Ordinary Shares of a nominal or par value of US$0.0005 each that will result
in the Company having an authorised share capital of US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value
of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each (the "**Share Capital Cancellation** ");
and

*Authorised Share Capital Confirmation*

 

&nbsp;&nbsp;&nbsp;&nbsp;f. immediately following the Share Capital Reduction, the Share
Capital Subdivision and Share Capital Cancellation, the authorised share capital of the Company shall be US$50,000 divided into 90,000,000
Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value
of US$0.0005 each.

The Share Capital Reduction and Reorganization will not affect any Shareholder's proportionate ownership interests, voting rights or the rights attaching to the Ordinary Shares, and will not involve any return of capital to Shareholders.

**Resolution to be voted upon**

The full text of the resolution to be voted upon at the 2026 Extraordinary Meeting in respect of Proposal No. 1 is as follows:

"*IT IS RESOLVED, as a special resolution, subject to all further requirements prescribed by sections 14, 14A and 14B of the Companies Act of the Cayman Islands (As Revised) (the "**Companies Act**") relating to share capital reductions supported by solvency statements being complied with, that (together, the "**Share Capital Reduction and Reorganization**"):*

 

*Share Capital Reduction*

 

&nbsp;&nbsp;&nbsp;&nbsp;*a.* *the par value of each issued and outstanding Class A Ordinary Share of a nominal or par value of US$0.005 each and Class B Ordinary Share of a nominal or par value of US$0.005 each, in each case, in the share capital of the Company, be reduced to US$0.0005 by cancelling US$0.0045 of the paid-up capital on each of the issued and outstanding Class A Ordinary Shares and Class B Ordinary Shares (the "**Share Capital Reduction** ");* 

 

&nbsp;&nbsp;&nbsp;&nbsp;*b.* *following the Share Capital Reduction, the amount deemed to be paid up on each issued and outstanding share of the Company shall be US$0.0005;* 

 

 

&nbsp;&nbsp;&nbsp;&nbsp;*c.* *the credit arising from the Share Capital Reduction be transferred to a distributable reserve account of the Company which may be utilised by the Company as the board of directors of the Company may deem fit and as permitted under the Companies Act, the Company's first amended and restated memorandum and articles of association (as further amended, restated or amended and restated, from time to time), and all relevant applicable laws, including, without limitation, eliminating or setting off any accumulated losses of the Company (if any) from time to time;* 

 

*Share Capital Subdivision*

 

&nbsp;&nbsp;&nbsp;&nbsp;*d.* *immediately following the Share Capital Reduction:* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*i.* *each authorised but unissued Class A Ordinary Share of a nominal or par value of US$0.005 each be subdivided into 10 Class A Ordinary Shares of a nominal or par value of US$0.0005 each; and* 

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*ii.* *each authorised but unissued Class B Ordinary Share of a nominal or par value of US$0.005 each be subdivided into 10 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,* 

 

*(the "**Share Capital Subdivision**");*

 

*Share Capital Cancellation*

 

&nbsp;&nbsp;&nbsp;&nbsp;*e.* *immediately following the Share Capital Subdivision, the authorised share capital of the Company be altered by the cancellation of such number of unissued Class A Ordinary Shares of a nominal or par value of US$0.0005 par value each and unissued Class B Ordinary Shares of a nominal or par value of US$0.0005 each that will result in the Company having an authorised share capital of US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each (the "**Share Capital Cancellation** "); and* 

 

*Authorised Share Capital Confirmation*

 

&nbsp;&nbsp;&nbsp;&nbsp;f. *immediately following the Share Capital Reduction, the Share Capital Subdivision and Share Capital Cancellation, the authorised share capital of the Company shall be US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each*."

**Vote Required and Board Recommendation**

If a quorum is present, the affirmative vote of a majority of not less than two-thirds of such Shareholders as, being entitled to do so, vote in person or by proxy at the 2026 Extraordinary Meeting will be required to approve the Share Capital Reduction and Reorganization Proposal.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" APPROVAL OF THE SHARE CAPITAL REDUCTION AND REORGANIZATION PROPOSAL AS DESCRIBED IN THIS PROPOSAL 1.**

**PROPOSAL NO. 2 — SECOND AMENDED M&A PROPOSAL**

**General**

To consider and approve a proposal for the Company to, subject to the approval and implementation of the Share Capital Reduction and Reorganization, adopt the second amended and restated memorandum and articles of association, in the form attached to the proxy statement as Exhibit A (the "**Second Amended M&A**"), in substitution for, and to the exclusion of, the Company's existing first amended and restated memorandum and articles of association, to reflect the Share Capital Reduction and Reorganization.

The only substantive change to be made to the Company's first amended and restated memorandum and articles of association pursuant to this Proposal No. 2 is to:

● update paragraph 8 of the Company's existing first amended and restated memorandum of association, which describes the current authorised share capital of the Company; and

● update article 1.1 of the Company's existing first amended and restated articles of association, which describes the current par value of the Class A Ordinary Shares and Class B Ordinary Shares of the Company.

If Proposal No. 2 is approved, the Second Amended M&A will take effect on the date of registration of the Solvency Statement and the Minute, in each case, as required by section 14B of the Companies Act, provided that the Share Capital Reduction and Reorganization has been approved and implemented.

If the Share Capital Reduction and Reorganization Proposal is not approved and implemented, the Second Amended M&As will not take effect, even if the Second Amended M&A Proposal is approved by Shareholders at the 2026 Extraordinary Meeting.

**Resolution to be voted upon**

The full text of the resolution to be voted upon at the 2026 Extraordinary Meeting in respect of Proposal No. 2 is as follows:

"*RESOLVED, as a special resolution, subject to the approval and implementation of the Share Capital Reduction and Reorganization, that the Company adopt the second amended and restated memorandum and articles of association, in the form attached to the proxy statement as <u>Exhibit A</u>, in substitution for, and to the exclusion of, the Company's existing first amended and restated memorandum and articles of association, to reflect the Share Capital Reduction and Reorganization which shall take effect on the date of registration of the solvency statement (made under section 14A of the Companies Act of the Cayman Islands (As Revised) (the "Companies Act") and the minute as required by section 14B of the Companies Act*."

**Vote Required and Board Recommendation**

If a quorum is present, the affirmative vote of a majority of not less than two-thirds of such Shareholders as, being entitled to do so, vote in person or by proxy at the 2026 Extraordinary Meeting will be required to approve the Second Amended M&A Proposal.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE SECOND AMENDED M&A PROPOSAL AS DESCRIBED IN THIS PROPOSAL 2.**

**PROPOSAL NO. 3 — SHARE CAPITAL INCREASE PROPOSAL**

**General**

To consider and approve a proposal for the Company to, subject to the approval and implementation of the Share Capital Reduction and Reorganization, increase its authorised share capital (the "**Share Capital Increase**"):

**From**: US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

**To**: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

by creating an additional 8,910,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and an additional 990,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each, (the "**Share Capital Increase Proposal**").

The purpose of the Share Capital Increase is to ensure that the Company has a sufficiently large pool of authorized shares available for issuance following the approval and implementation of the Share Capital Reduction and Reorganization, as well as for general corporate purposes including potential future financings, acquisitions, issuances of equity compensation and other transactions as the Board may determine to be in the best interests of the Company and its Shareholders from time to time.

If Proposal No. 3 is approved, the Share Capital Increase will take effect immediately after the implementation of the Share Capital Reduction and Reorganization.

If the Share Capital Reduction and Reorganization Proposal is not approved and implemented, the Share Capital Increase will not take effect, even if the Share Capital Increase Proposal is approved by Shareholders at the 2026 Extraordinary Meeting.

**Resolution to be voted upon**

The full text of the resolution to be voted upon at the 2026 Extraordinary Meeting in respect of Proposal No. 3 is as follows:

"*RESOLVED, as an ordinary resolution, subject to the approval and implementation of the Share Capital Reduction and Reorganization, that the Company increase its authorised share capital:*

 

*From: US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;*

 

*To: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;*

 

*by creating an additional 8,910,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and an additional 990,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each*."

**Vote Required and Board Recommendation**

If a quorum is present, the affirmative vote of a simple majority of the votes cast at the 2026 Extraordinary Meeting will be required to approve the Share Capital Increase Proposal.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE SHARE CAPITAL INCREASE PROPOSAL AS DESCRIBED IN THIS PROPOSAL 3.**

**PROPOSAL NO. 4 — THIRD AMENDED M&A PROPOSAL**

**General**

To consider and approve a proposal for the Company to, subject to the approval and implementation of the Share Capital Increase, adopt the third amended and restated memorandum and articles of association, in the form attached to the proxy statement as Exhibit B (the "**Third Amended M&A**"), in substitution for, and to the exclusion of, the Company's second amended and restated memorandum and articles of association, to reflect the Share Capital Increase.

The only substantive change to be made to the Company's second amended and restated memorandum and articles of association pursuant to this Proposal No. 4 is to update paragraph 8 of the Company's second amended and restated memorandum of association, which describes the authorised share capital of the Company.

If Proposal No. 4 is approved, the Third Amended M&A will take effect on the effective date of the Share Capital Increase, provided that the Share Capital Increase has been approved and implemented.

If the Share Capital Increase Proposal is not approved and implemented, the Third Amended M&As will not take effect, even if the Third Amended M&A Proposal is approved by Shareholders at the 2026 Extraordinary Meeting.

**Resolution to be voted upon**

The full text of the resolution to be voted upon at the 2026 Extraordinary Meeting in respect of Proposal No. 4 is as follows:

"*RESOLVED, as a special resolution, subject to the approval and implementation of the Share Capital Increase, that the Company adopt the third amended and restated memorandum and articles of association, in the form attached to the accompanying proxy statement as <u>Exhibit B</u>, in substitution for, and to the exclusion of, the Company's second amended and restated memorandum and articles of association, to reflect the Share Capital Increase*."

**Vote Required and Board Recommendation**

If a quorum is present, the affirmative vote of a majority of not less than two-thirds of such Shareholders as, being entitled to do so, vote in person or by proxy at the 2026 Extraordinary Meeting will be required to approve the Third Amended M&A Proposal.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE THIRD AMENDED M&A PROPOSAL AS DESCRIBED IN THIS PROPOSAL 4.**

**PROPOSAL NO. 5 — SHARE CONSOLIDATION PROPOSAL**

**General**

To consider and approve a proposal to authorize the Board of Directors to effect a share consolidation of the Company's authorised and issued share capital (the "**Share Consolidation**") at a ratio of up to one-for-two hundred (1:200), but in any case at a ratio of not less than one-for-five (1:5) (the "**Approved Consolidation Ratio**"), at a date to be determined by the Board that is not more than one (1) year following the date of the 2026 Extraordinary Meeting, with the exact ratios to be set at a whole number within this range, as determined by the Board in its sole discretion, such that the number of authorised and issued Class A Ordinary Shares and Class B Ordinary Shares is decreased by the Approved Consolidation Ratio, with the par value per Class A Ordinary Share and Class B Ordinary Share increased by the Approved Consolidation Ratio and the authorised share capital of the Company being altered (assuming an Approved Consolidation Ratio of 1:200):

**From**: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

**To as low as**: US$5,000,000 divided into 45,000,000 Class A Ordinary Shares of a nominal or par value of US$0.1 each and 5,000,000 Class B Ordinary Shares of a nominal or par value of US$0.1 each.

Upon the determination of the specific Approved Consolidation Ratio and time for implementation by the Board, thereby effecting the Share Consolidation, the Share Consolidation will be implemented simultaneously for all Ordinary Shares, and the Share Consolidation will affect all Shareholders uniformly and will have no effect on the proportionate holdings of any individual Shareholder, with the exception of adjustments related to the treatment of fractional shares (see below).

If Proposal No. 5 is approved, the Share Consolidation will not take effect until the Board of Directors exercise their discretion to approve and implement the Share Consolidation at such Approved Consolidation Ratio and on such date (provided that it is a date not more than one (1) year following the date of the 2026 Extraordinary Meeting) that they determine in their absolute discretion, provided that the Share Capital Increase has been approved and implemented.

If the Share Capital Increase Proposal is not approved and implemented, the Board of Directors will not be able to exercise their discretion to approve and implement the Share Consolidation, even if the Share Consolidation Proposal is approved by Shareholders at the 2026 Extraordinary Meeting.

**Registration and Trading of our Ordinary Shares**

The Share Consolidation will not affect our obligation to publicly file financial and other information with the U.S. Securities and Exchange Commission (the "**SEC**"). In connection with the implementation of the Share Consolidation, our CUSIP number (which is an identifier used by participants in the securities industry to identify our ordinary shares) will change. If and when the Share Consolidation is implemented, the Class A Ordinary Shares will begin trading on a post-consolidation basis on the effective date. The trading price of Class A Ordinary Shares will change accordingly with the Share Consolidation.

**Fractional Shares**

No fractional Ordinary Shares will be issued to any Shareholders in connection with the Share Consolidation. Each Shareholder will be entitled to receive one whole Ordinary Share in lieu of the fractional Ordinary Share that would have resulted from the Share Consolidation.

**Reasons for the Share Consolidation**

The Board believes that the increased market price of our Class A Ordinary Shares expected as a result of implementing the Share Consolidation could improve the marketability and liquidity of our Class A Ordinary Shares and may encourage interest and trading in our Class A Ordinary Shares. The Share Consolidation, if effected, could allow a broader range of institutions to invest in our Class A Ordinary Shares (namely, funds that are prohibited from buying stock whose price is below a certain threshold), potentially increasing the trading volume and liquidity of our Class A Ordinary Shares. The Share Consolidation could help increase analyst and broker interest in the Class A Ordinary Shares, as their policies can discourage them from following or recommending companies with low share prices. Because of the trading volatility often associated with low-priced shares, many brokerage houses and institutional investors have internal policies and practices that either prohibit them from investing in low-priced shares or tend to discourage individual brokers from recommending low-priced shares to their customers. Some of those policies and practices may make the processing of trades in low-priced shares economically unattractive to brokers. Additionally, because brokers' commissions on low-priced shares generally represent a higher percentage of the share price than commissions on higher-priced shares, a low average price per Class A Ordinary Share can result in individual shareholders paying transaction costs representing a higher percentage of their total share value than would be the case if the share price were higher.

**Post Share Consolidation**

There were 18,478,875 Class A Ordinary Shares and 0 Class B Ordinary Shares issued and outstanding as of the Record Date.

The following table contains the approximate number of issued and outstanding Ordinary Shares immediately following Share Consolidation(s) at the cumulative ratios of 10-1, 50-1, 100-1, and 200-1, without giving effect to any adjustments for fractional shares.

**Shares Outstanding**

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Record Date** | **Record Date** | **10-1** | **10-1** | **50-1** | **50-1** | **100-1** | **100-1** | **200-1** | **200-1** |
| Class A Ordinary Shares |  | 18478875 |  | 1847888 |  | 369578 |  | 184789 |  | 92394 |
| Class B Ordinary Shares |  | 0 |  | 0 |  | 0 |  | 0 |  | 0 |

---

The following table contains the number of authorized shares of the Company immediately following a Share Consolidation(s) at the cumulative ratios of 10-1, 50-1, 100-1, and 200-1, without giving effect to any adjustments for fractional shares.

**Shares Authorized**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Upon implementation of Proposal 3** | **10-1\*** | **50-1\*** | **100-1\*** | **200-1\*** |
| Class A Ordinary Shares | 9000000000 | 900000000 | 180000000 | 90000000 | 45000000 |
| Class B Ordinary Shares | 1000000000 | 100000000 | 20000000 | 10000000 | 5000000 |

---

\* The figures are based on the number of authorized shares following the implementation of Proposal 3.

**Book-Entry Shares**

If the Share Consolidation is effected, Shareholders who hold uncertificated shares (i.e., shares held in book-entry form and not represented by a physical share certificate), either as direct or beneficial owners, will have their holdings electronically adjusted automatically by our transfer agent (and, for beneficial owners, by their brokers or banks that hold in "street name" for their benefit, as the case may be) to give effect to the Share Consolidation. Shareholders who hold uncertificated shares as direct owners will be sent a statement of holding from our transfer agent that indicates the number of post-Share Consolidation Ordinary Shares owned in book-entry form.

**Certificated Shares**

As soon as practicable after the effective time of the Share Consolidation, Shareholders will be notified that such Share Consolidation has been effected. We expect that our transfer agent will act as exchange agent for purposes of implementing the exchange of share certificates. Holders of pre-consolidation Ordinary Shares will be asked to surrender to the exchange agent certificates evidencing pre-consolidation shares in exchange for certificates evidencing post-consolidation Ordinary Shares in accordance with the procedures to be set forth in a letter of transmittal to be sent by us or our exchange agent. No new certificates will be issued to a shareholder until such shareholder has surrendered such Shareholder's outstanding certificate(s) together with the properly completed and executed letter of transmittal to the exchange agent. Any pre-consolidation Ordinary Shares submitted for transfer, whether pursuant to a sale or other disposition, or otherwise, will automatically be exchanged for post-Share Consolidation Ordinary Shares.

**SHAREHOLDERS SHOULD NOT DESTROY ANY SHARE CERTIFICATE(S) AND SHOULD NOT SUBMIT ANY CERTIFICATE(S) UNTIL REQUESTED TO DO SO.**

**Accounting Matters**

The Share Consolidation will not affect the Ordinary Shares capital account on our balance sheet. The stated capital component will be reduced proportionately based upon the Share Consolidation and the additional paid-in capital component will be increased with the amount by which the stated capital is reduced. Immediately after the Share Consolidation, the per share net income or loss and net book value of our Ordinary Shares will be increased because there will be fewer shares of Ordinary Shares outstanding. All historic share and per share amounts in our financial statements and related footnotes will be adjusted accordingly for the Share Consolidation.

**No Going Private Transaction**

Notwithstanding the decrease in the number of outstanding shares following the implementation of the proposed Share Consolidation, the Board does not intend for this transaction to be the first step in a "going private transaction" within the meaning of Rule 13e-3 of the Exchange Act.

**Material United States Federal Income Tax Consequences of the Share Consolidation(s)**

Each shareholder should consult its tax advisor as to the particular facts and circumstances which may be unique to such shareholder and also as to any estate, gift, state, local or foreign tax considerations arising out of the Share Consolidation(s).

**Interests of Directors and Executive Officers**

Our directors and executive officers have no substantial interests, directly or indirectly, in the matters set forth in this proposal except to the extent of their ownership of shares of our Ordinary Shares.

**Resolution to be voted upon**

The full text of the resolution to be voted upon at the 2026 Extraordinary Meeting in respect of Proposal No. 5 is as follows:

"*RESOLVED, as an ordinary resolution, subject to the approval and implementation of the Share Capital Increase, that a consolidation of the Company's authorised and issued share capital, at a ratio of up to one-for-two hundred (1:200), but in any case at a ratio of not less than one-for-five (1:5) (the "**Approved Consolidation Ratio**"), at a date to be determined by the Board of Directors of the Company that is not more than one (1) year following the date of the 2026 Extraordinary Meeting, with the exact ratios to be set at a whole number within this range, as determined by the Board in its sole discretion, such that the number of authorised and issued Class A Ordinary Shares and Class B Ordinary Shares is decreased by the Approved Consolidation Ratio, with the par value per Class A Ordinary Share and Class B Ordinary Share increased by the Approved Consolidation Ratio and the authorised share capital of the Company being altered (assuming an Approved Consolidation Ratio of 1:200) **from** US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each **to as low as** US$5,000,000 divided into 45,000,000 Class A Ordinary Shares of a nominal or par value of US$0.1 each and 5,000,000 Class B Ordinary Shares of a nominal or par value of US$0.1 each, be and is hereby approved in all respects*."

**Vote Required and Board Recommendation**

If a quorum is present, the affirmative vote of a simple majority of the votes cast at the 2026 Extraordinary Meeting will be required to approve the Share Consolidation Proposal.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE SHARE CONSOLIDATION PROPOSAL AS DESCRIBED IN THIS PROPOSAL 5.**

**PROPOSAL NO. 6 — FOURTH AMENDED M&A PROPOSAL**

**General**

To consider and approve a proposal for the Company to, subject to the approval and implementation of the Share Consolidation, adopt the fourth amended and restated memorandum and articles of association, in the form attached to the proxy statement as Exhibit C (the "**Fourth Amended M&A**"), subject to adjustment solely in respect of the final Approved Consolidation Ratio to be determined by the Board of Directors, in substitution for, and to the exclusion of, the Company's third amended and restated memorandum and articles of association, to reflect the Share Consolidation.

The only substantive change to be made to the Company's third amended and restated memorandum and articles of association pursuant to this Proposal No. 6 is to:

● update paragraph 8 of the Company's existing third amended and restated memorandum of association, which describes the authorised share capital of the Company; and

● update article 1.1 of the Company's third amended and restated articles of association, which describes the par value of the Class A Ordinary Shares and Class B Ordinary Shares of the Company.

If Proposal No. 6 is approved, the Fourth Amended M&A will take effect on the effective date of the Share Consolidation, provided that the Share Consolidation has been approved and implemented by the Board of Directors in accordance with the requirements of Proposal No. 5.

If the Share Consolidation Proposal is not approved and implemented, the Fourth Amended M&As will not take effect, even if the Fourth Amended M&A Proposal is approved by Shareholders at the 2026 Extraordinary Meeting.

**Resolution to be voted upon**

The full text of the resolution to be voted upon at the 2026 Extraordinary Meeting in respect of Proposal No. 6 is as follows:

"*RESOLVED, as a special resolution, subject to the approval and implementation of the Share Consolidation, that the Company adopt the fourth amended and restated memorandum and articles of association, in the form attached to the accompanying proxy statement as <u>Exhibit C</u>, subject to adjustment solely in respect of the final Approved Consolidation Ratio to be determined by the Board of Directors, in substitution for, and to the exclusion of, the Company's third amended and restated memorandum and articles of association, to reflect the Share Consolidation*."

**Vote Required and Board Recommendation**

If a quorum is present, the affirmative vote of a majority of not less than two-thirds of such Shareholders as, being entitled to do so, vote in person or by proxy at the 2026 Extraordinary Meeting will be required to approve the Fourth Amended M&A Proposal.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE FOURTH AMENDED M&A PROPOSAL AS DESCRIBED IN THIS PROPOSAL 6.**

**PROPOSAL NO. 7 — ADJOURNMENT PROPOSAL**

**General**

Proposal No. 7, if adopted, will allow the Board of Directors to adjourn the 2026 Extraordinary Meeting to a later date or dates, if necessary or convenient, to ensure that any required supplement or amendment to the notice of meeting is provided to Shareholders or in order to solicit additional proxies from Shareholders in favour of one or more of the foregoing proposals.

If Proposal No. 7 is not approved by Shareholders, the Board of Directors may not be able to adjourn the 2026 Extraordinary Meeting to a later date in the event that any required supplement or amendment to the notice of meeting is required to be provided to Shareholders or there are insufficient votes for, or otherwise in connection with, the approval of the foregoing proposals.

**Resolution to be voted upon**

The full text of the resolution to be voted upon at the 2026 Extraordinary Meeting in respect of Proposal No. 7 is as follows:

"RESOLVED, as an ordinary resolution, that the adjournment of the 2026 Extraordinary Meeting to a later date or dates (A) to the extent necessary or convenient to ensure that any required supplement or amendment to the notice of meeting is provided to Shareholders or (B) in order to solicit additional proxies from Shareholders in favour of one or more of the proposals at the 2026 Extraordinary Meeting."

**Vote Required and Board Recommendation**

If a quorum is present, the affirmative vote of a simple majority of the votes cast at the 2026 Extraordinary Meeting will be required to approve the Adjournment Proposal.

**THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE ADJOURNMENT PROPOSAL AS DESCRIBED IN THIS PROPOSAL 7.**

The Board of Directors is not aware of any other matters to be submitted to the 2026 Extraordinary Meeting. If any other matters properly come before the 2026 Extraordinary Meeting, it is the intention of the persons named in the enclosed form of proxy to vote the shares they represent as the Board of Directors may recommend.

---

| |
|:---|
| By Order of the Board of Directors, |
| /s/ Yanying Wang |
| Yanying Wang Chief Executive Officer |
| April 8, 2026 |

---

**Exhibit A**

**Second Amended and Restated Memorandum and Articles of Association**

![](ea028540701_ex99-1img1.jpg)

Second Amended and Restated

Memorandum of Association of

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

Grand Cayman

Cayman Islands

**conyers.com**

**THE COMPANIES ACT (AS REVISED)**

**EXEMPTED COMPANY LIMITED BY SHARES**

**SECOND AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Subject
 to the following provisions of this Memorandum, the Company shall have and be capable of
 exercising all the functions of a natural person of full capacity irrespective of any question
 of corporate benefit, as provided by Section 27(2) of the Companies Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Nothing
 in this Memorandum shall permit the Company to carry on a business for which a licence is
 required under the laws of the Cayman Islands unless duly licensed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The
 Company shall not trade in the Cayman Islands with any person, firm or corporation except
 in furtherance of the business of the Company carried on outside the Cayman Islands; provided
 that nothing in this clause shall be construed as to prevent the Company effecting and concluding
 contracts in the Cayman Islands, and exercising in the Cayman Islands all of its powers necessary
 for the carrying on of its business outside the Cayman Islands.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The
 share capital of the Company is US$50,000 divided into 90,000,000 Class A ordinary shares
 of a nominal or par value of US$0.0005 each and 10,000,000 Class B ordinary shares of a nominal
 or par value of US$0.0005 each.

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

![](ea028540701_ex99-1img1.jpg)

Second Amended and Restated

Articles of Association of

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

Grand Cayman

Cayman Islands

**conyers.com**

**NFT Limited**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **interpretation** | **interpretation** |  |
| **1.** | Definitions | A-7 |
| **2.** | share capital | A-13 |
| **3.** | share rights | A-14 |
| **4.** | variation of rights | A-15 |
| **5.** | POWER TO ISSUE SHARES | A-16 |
| **6.** | SHARE CERTIFICATES | A-17 |
| **7.** | alteration of capital | A-18 |
| **8.** | register of members | A-20 |
| **9.** | RECORD DATES | A-21 |
| **10.** | TRANSFER OF SHARES | A-22 |
| **11.** | transmission of registered shares | A-24 |
| **12.** | Listed Shares | A-25 |
| **13.** | untraceable members | A-25 |
| **14.** | general meetings | A-26 |
| **15.** | NOTICE OF GENERAL MEETING | A-27 |
| **16.** | PROCEEDINGS AT GENERAL MEETINGS | A-28 |
| **17.** | VOTING | A-30 |
| **18.** | PROXIES | A-33 |
| **19.** | CORPORATIONS ACTING BY REPRESENTATIVES | A-35 |
| **20.** | ACTING BY WRITTEN RESOLUTIONS OF MEMBERS | A-35 |
| **21.** | BOARD OF DIRECTORS | A-36 |
| **22.** | RETIREMENT OF DIRECTORS | A-37 |
| **23.** | DISQUALIFICATION OF DIRECTORS | A-38 |
| **24.** | alternate DIRECTORS | A-39 |

---

**NFT Limited**

**25.** DIRECTORS'
 FEES AND EXPENSES A-40

**26.** DIRECTORS'
 INTERESTS A-41

**27.** GENERAL POWERS OF
 THE DIRECTORS' A-43

**28.** BORROWING POWERS A-45

**29.** proceedings of the
 directors A-46

**30.** COMMITTEES A-48

**31.** officers A-49

**32.** MINUTES A-50

**33.** SEAL A-50

**34.** destruction of documents A-51

**35.** DIVIDENDS AND OTHER
 PAYMENTS A-52

**36.** RESERVES A-58

**37.** CAPITALISATION A-59

**38.** ACCOUNTING RECORDS A-59

**40.** AUDIT A-61

**41.** NOTICES A-62

**42.** SIGNATURES A-64

**43.** WINDING UP A-64

**44.** INDEMNITY A-65

**45.** AMENDMENT TO MEMORANDUM
 AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY A-66

**46.** INFORMATION A-66

**47.** mergers and CONSOLIDATIONS A-66

**48.** TRANSFERS BY WAY
 OF CONTINUATION A-66

**NFT Limited**

**SECOND AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

**Table A**

**The regulations in Table A in the First Schedule to the Act (as defined below) do not apply to the Company.**

**interpretation**

1. Definitions

1.1. In
 these Articles, the following words and expressions shall, where not inconsistent with the
 context, have the following meanings, respectively:

---

| | |
|:---|:---|
| **Act** | the Companies Act (As Revised) of the Cayman Islands; |
| **Affiliate** | means with regard to a given Person, a Person that controls, is controlled by or is under common control with the given Person. For purposes of this definition, except as otherwise expressly provided, when used with respect to any Person, "control" means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; |
| **Alternate Director** | an alternate director appointed in accordance with these Articles; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Audit Committee** | the audit committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee; |
| **Auditor** | the independent auditor of the Company which shall be an internationally recognized firm of independent accountants; |
| **Articles** | these Articles of Association as altered, supplemented, amended or substituted from time to time; |
| **Board** | the board of directors (including, for the avoidance of doubt, a sole director) appointed or elected pursuant to these Articles and acting at a meeting of directors at which there is a quorum or by written resolution in accordance with these Articles; |
| **capital** | the share capital from time to time of the Company; |
| **Class A Ordinary Shares** | means the Class A Ordinary shares of a nominal or par value of US$0.0005 each in the capital of the Company having the rights provided for in these Articles; |
| **Class B Ordinary Shares** | means the Class B Ordinary shares of a nominal or par value of US$0.0005 each in the capital of the Company having the rights provided for in these Articles; |
| **clear days** | in relation to the period of a notice, that period excluding the day when the notice is given or deemed to be given and the day for which it is given or on which it is to take effect; |
| **Company** | the company for which these Articles are approved and confirmed; |
| **Compensation Committee** | the compensation committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **competent regulatory** | a competent regulatory authority in the territory; |
| **Conversion Date** | means the day on which that Conversion Notice is delivered; |
| **Conversion Notice** | means a written notice delivered to the Company (and as otherwise stated therein) stating that a holder of Class B Ordinary Shares elects to convert the number of Class B Ordinary Shares specified therein pursuant to Article 3; |
| **Conversion Right** | means the right of any holder of Class B Ordinary Shares, subject to the provisions of these Articles to convert all or any of its Class B Ordinary Shares into Class A Ordinary Shares in its discretion; |
| **debenture and debenture holder** | include debenture stock and debenture stockholder respectively; |
| **Designated Stock Exchange** | **the NYSE American;** |
| **Director** | a director, including a sole director, for the time being of the Company and shall include an Alternate Director; |
| **dollars and $** | dollars, the legal currency of the United States of America; |
| **Exchange Act** | the United States Securities Exchange Act of 1934, as amended; |
| **Electronic, Electronic Record and Electronic Signature** | as such term is defined in the Electronic Transactions Act (As Revised); |
| **Electronic Transactions Act** | means the Electronic Transactions Act (As Revised) of the Cayman Islands. |
| **FINRA** | Financial Industry Regulatory Authority; |
| **FINRA Rules** | the rules set forth by FINRA; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **head office** | such office of the Company as the Directors may from time to time determine to be the principal office of the Company; |
| **Member** | the person registered in the Register of Members as the holder of shares in the Company and, when two or more persons are so registered as joint holders of shares, means the person whose name stands first in the Register of Members as one of such joint holders or all of such persons, as the context so requires; |
| **Memorandum** | the memorandum of association of the Company in their present form or as supplemented or amended or substituted from time to time; |
| **month** | calendar month; |
| **Nomination Committee** | the nomination committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee |
| **Notice** | written notice as further provided in these Articles unless otherwise specifically stated; |
| **Office** | the registered office of the Company for the time being; |
| **Officer** | any person appointed by the Board to hold an office in the Company; |
| **ordinary resolution** | a resolution passed at a general meeting (or, if so specified, a meeting of Members holding a class of shares) of the Company by a simple majority of the votes cast, or a written resolution passed by the unanimous consent of all Members entitled to vote; |
| **paid-up** | paid-up or credited as paid-up; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Person** | means an individual, a partnership, a company, an exempted company, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable law, or any Governmental Authority or any department, agency or political subdivision thereof; |
| **Register** | the principal register and where applicable, any branch register of Members of the Company to be maintained at such place within or outside the Cayman Islands as the Board shall determine from time to time; |
| **Registration Office** | in respect of any class of share capital such place as the Board may from time to time determine to keep a branch register of Members in respect of that class of share capital and where (except in cases where the Board otherwise directs) the transfers or other documents of title for such class of share capital are to be lodged for registration and are to be registered |
| **Register of Directors and Officers** | the register of directors and officers referred to in these Articles; |
| **Register of Members** | the register of members maintained by the Company in accordance with the Act; |
| **Seal** | the common seal or any official or duplicate seal of the Company; |
| **SEC** | the United States Securities and Exchange Commission; |
| **Secretary** | the person appointed to perform any or all of the duties of secretary of the Company and includes any deputy or assistant secretary and any person appointed by the Board to perform any of the duties of the Secretary; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Share and Shares** | a share or shares of any class or series in the share capital of the Company and includes a fraction of a share; |

---

---

| | | |
|:---|:---|:---|
| **Special Resolution** | (i) | a resolution passed by a majority of at least two-thirds of such members as, being entitled to do so, vote in person or by proxy at a general meeting of which notice specifying the intention to propose a resolution as a special resolution has been duly given (and for the avoidance of doubt, unanimity qualifies as a majority); or |
|  | (ii) | a written resolution passed by unanimous consent of all Members entitled to vote; |

---

---

| | |
|:---|:---|
| **Statutes** | the Act and every other law of the Legislature of the Cayman Islands for the time being in force applying to or affecting the Company, its Memorandum of Association and/or these Articles; |
| **written resolution** | a resolution passed in accordance with these Articles; and |
| **year** | calendar year. |

---

1.2. In
 these Articles, where not inconsistent with the context:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words
 denoting the masculine gender include the feminine and neuter genders;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "may"
 shall be construed as permissive; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "shall"
 shall be construed as imperative;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to statutory provision shall be deemed to include any amendment or re-enactment
 thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the
 word "corporation" means corporation whether or not a company within the meaning
 of the Act; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) unless
 otherwise provided herein, words or expressions defined in the Act shall bear the same meaning
 in these Articles.

1.3. In
 these Articles expressions referring to writing or its cognates shall, unless the contrary
 intention appears, include facsimile, printing, lithography, photography, electronic mail
 and other modes of representing words in visible form.

1.4. Headings
 used in these Articles are for convenience only and are not to be used or relied upon in
 the construction hereof.

1.5. References
 to a document being executed include references to it being executed under hand or under
 seal or by Electronic Signature or by any other method and references to a notice or document
 include a notice or document recorded or stored in any digital, electronic, electrical, magnetic
 or other retrievable form or medium and information in visible form whether having physical
 substance or not.

2. share
 capital

2.1. The
 share capital of the Company at the date on which these Articles come into effect shall be
 as stated in clause 8 of the Memorandum.

2.2. Subject
 to the Act, the Company's Memorandum and Articles of Association and, where applicable,
 the rules of the Designated Stock Exchange and/or any competent regulatory authority, the
 Company shall have the power to purchase or otherwise acquire its own shares and such power
 shall be exercisable by the Board in such manner, upon such terms and subject to such conditions
 as it in its absolute discretion thinks fit and any determination by the Board of the manner
 of purchase shall be deemed authorised by these Articles for purposes of the Act.

2.3. No
 share shall be issued to bearer.

**NFT Limited**

3. share
 rights

3.1. Subject
 to the provisions of the Act, the rules of the Designated Stock Exchange, the Company's
 Memorandum and Articles of Association and to any special rights conferred on the holders
 of any shares or class of shares, and without prejudice to Article 5 hereof, the share capital
 of the Company shall be divided into Class A Ordinary Shares and Class B Ordinary Shares
 with the following rights and restrictions attaching:

3.2. **Class A Ordinary Shares**. The Class A Ordinary Shares shall have the following rights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled to one (1) vote per share and to receive notice of, attend at and vote as a Member
 at any general meeting of the Company;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the event of a winding-up or dissolution of the Company, whether voluntary or involuntary
 or for the purpose of a reorganisation or otherwise or upon any distribution of capital,
 after payment first of the nominal amount and any share premium paid up on the Class A Ordinary
 Shares and after payment second of the nominal amount and any share premium paid up on any
 other class of shares in issue, the remaining assets of the Company shall be distributed
 pari passu to the holders of the Class A Ordinary Shares; and

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

3.3. **Class B Ordinary Shares**. The Class B Ordinary Shares shall have the following rights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled to twenty (20) votes per share and to receive notice of, attend at and vote as a
 Member at any general meeting of the Company;

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

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the event of a winding-up or dissolution of the Company, whether voluntary or involuntary
 or for the purpose of a reorganisation or otherwise or upon any distribution of capital,
 after payment first of the nominal amount and any share premium paid up on the Class B Ordinary
 Shares and after payment second of the nominal amount and any share premium paid up on any
 other class of shares in issue, the remaining assets of the Company shall be distributed *pari passu* to the holders of the Class B Ordinary Shares;

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

4. variation
 of rights

4.1. Subject
 to the Act and without prejudice to Article 3, all or any of the special rights for the time
 being attached to the shares or any class of shares may, unless otherwise provided by the
 terms of issue of the shares of that class, from time to time (whether or not the Company
 is being wound up) be varied, modified or abrogated with the sanction of a Special Resolution
 passed at a separate general meeting of the holders of the shares of that class. To every
 such separate general meeting all the provisions of these Articles relating to general meetings
 of the Company shall, mutatis mutandis, apply, but so that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 necessary quorum (whether at a separate general meeting or at its adjourned meeting) shall
 be a person or persons or (in the case of a Member being a corporation) its duly authorized
 representative together holding or representing by proxy not less than one third in nominal
 value of the issued voting shares of that class;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) every
 holder of shares of the class shall be entitled on a poll to one vote for every such share
 held by him; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 holder of shares of the class present in person or by proxy or authorised representative
 may demand a poll.

4.2. The
 special rights conferred upon the holders of any shares or class of shares shall not, unless
 otherwise expressly provided in the rights attaching to or the terms of issue of such shares,
 be deemed to be varied, modified or abrogated by the creation or issue of further shares
 ranking pari passu therewith.

**NFT Limited**

5. POWER
 TO ISSUE SHARES

5.1. Subject
 to the Act, these Articles and, where applicable, the rules of the Designated Stock Exchange
 and without prejudice to any special rights or restrictions for the time being attached to
 any shares or any class of shares, the unissued shares of the Company (whether forming part
 of the original or any increased capital) shall be at the disposal of the Board, which may
 offer, allot, grant options over or otherwise dispose of them to such persons, at such times
 and for such consideration and upon such terms and conditions as the Board may in its absolute
 discretion determine but so that no shares shall be issued at a discount, except in accordance
 with the provisions of Act. In particular and without prejudice to the generality of the
 foregoing, the Board is hereby empowered to authorize by resolution or resolutions from time
 to time the issuance of one or more classes or series of preferred shares and to fix the
 designations, powers, preferences and relative, participating, optional and other rights,
 if any, and the qualifications, limitations and restrictions thereof, if any, including,
 without limitation, the number of shares constituting each such class or series, dividend
 rights, conversion rights, redemption privileges, voting powers, full or limited or no voting
 powers, and liquidation preferences, and to increase or decrease the size of any such class
 or series (but not below the number of shares of any class or series of preferred shares
 then outstanding) to the extent permitted by Act. Without limiting the generality of the
 foregoing, the resolution or resolutions providing for the establishment of any class or
 series of preferred shares may, to the extent permitted by law, provide that such class or
 series shall be superior to, rank equally with or be junior to the preferred shares of any
 other class or series.

5.2. Neither
 the Company nor the Board shall be obliged, when making or granting any allotment of, offer
 of, option over or disposal of shares, to make, or make available, any such allotment, offer,
 option or shares to Members or others with registered addresses in any particular territory
 or territories being a territory or territories where, in the absence of a registration statement
 or other special formalities, this would or might, in the opinion of the Board, be unlawful
 or impracticable. Members affected as a result of the foregoing sentence shall not be, or
 be deemed to be, a separate class of members for any purpose whatsoever.

5.3. The
 Board may issue options, warrants or convertible securities or securities of similar nature
 conferring the right upon the holders thereof to subscribe for, purchase or receive any class
 of shares or securities in the capital of the Company on such terms as it may from time to
 time determine.

5.4. The
 Company may in connection with the issue of any shares exercise all powers of paying commission
 and brokerage conferred or permitted by the Act. Subject to the Act, the commission may be
 satisfied by the payment of cash or by the allotment of fully or partly paid shares or partly
 in one and partly in the other.

**NFT Limited**

5.5. Except
 as required by law, no person shall be recognised by the Company as holding any share upon
 any trust and the Company shall not be bound by or required in any way to recognise (even
 when having notice thereof) any equitable, contingent, future or partial interest in any
 share or any fractional part of a share or (except only as otherwise provided by these Articles
 or by law) any other rights in respect of any share except an absolute right to the entirety
 thereof in the registered holder.

5.6. Subject
 to the Act and these Articles, the Board may at any time after the allotment of shares but
 before any person has been entered in the Register as the holder, recognise a renunciation
 thereof by the allottee in favour of some other person and may accord to any allottee of
 a share a right to effect such renunciation upon and subject to such terms and conditions
 as the Board considers fit to impose

6. SHARE
 CERTIFICATES

6.1. If
 shares are issued in the form of a physical share certificate, every share certificate shall
 be issued under the Seal or a facsimile thereof or with the Seal printed thereon and shall
 specify the number and class and distinguishing numbers (if any) of the shares to which it
 relates, and the amount paid up thereon and may otherwise be in such form as the Directors
 may from time to time determine. No certificate shall be issued representing shares of more
 than one class. The Board may by resolution determine, either generally or in any particular
 case or cases, that any signatures on any such certificates (or certificates in respect of
 other securities) need not be autographic but may be affixed to such certificates by some
 mechanical means or may be printed thereon. Alternatively, shares may be issued via book
 entry form evidenced by a Statement of Account duly maintained and recorded by the Company's
 transfer agent.

6.2. In
 the case of a share held jointly by several persons, the Company shall not be bound to issue
 more than one certificate therefor and delivery of a certificate to one of several joint
 holders shall be sufficient delivery to all such holders.

6.3. Where
 a share stands in the names of two or more persons, the person first named in the Register
 shall as regards service of notices and, subject to the provisions of these Articles, all
 or any other matters connected with the Company, except the transfer of the shares, be deemed
 the sole holder thereof.

6.4. Every
 person whose name is entered, upon an allotment of shares, as a Member in the Register shall
 be entitled, upon payment of such fee as the Directors may from time to time determine, to
 receive one certificate for all such shares of any one class or several certificates each
 for one or more of such shares of such class upon payment for every certificate of such fee
 as the Directors may from time to time determine.

**NFT Limited**

6.5. Where
 applicable, share certificates shall be issued within the relevant time limit as prescribed
 by the Act or as the Designated Stock Exchange may from time to time determine, whichever
 is the shorter, after allotment or, except in the case of a transfer which the Company is
 for the time being entitled to refuse to register and does not register, after lodgment of
 a transfer with the Company.

6.6. Upon
 every transfer of shares the certificate (if any) held by the transferor shall be given up
 to be cancelled, and shall forthwith be cancelled accordingly, and, subject to Article 6.4,
 a new certificate shall be issued to the transferee in respect of the shares transferred
 to him. If any of the shares included in the certificate so given up shall be retained by
 the transferor a new certificate for the balance shall be issued to him at the aforesaid
 fee payable by the transferor to the Company in respect thereof.

6.7. If
 a share certificate shall be damaged or defaced or alleged to have been lost, stolen or destroyed
 a new certificate representing the same shares may be issued to the relevant Member upon
 request and on payment of such fee as the Company may determine and, subject to compliance
 with such terms (if any) as to evidence and indemnity and to payment of the costs and reasonable
 out of pocket expenses of the Company in investigating such evidence and preparing such indemnity
 as the Board may think fit and, in case of damage or defacement, on delivery of the old certificate
 to the Company provided always that where share warrants have been issued, no new share warrant
 shall be issued to replace one that has been lost unless the Board has determined that the
 original has been destroyed.

7. alteration
 of capital

7.1. Subject
 to the Act, the Company may from time to time by ordinary resolution alter the conditions
 of its Memorandum of Association to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase
 its capital by such sum, to be divided into shares of such amounts, as the resolution shall
 prescribe;

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

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without
 prejudice to the powers of the Board under Article 5, divide its shares into several classes
 and without prejudice to any special rights previously conferred on the holders of existing
 shares attach thereto respectively any preferential, deferred, qualified or special rights,
 privileges, conditions or such restrictions which in the absence of any such determination
 by the Company in general meeting, as the Directors may determine provided always that, for
 the avoidance of doubt, where a class of shares has been authorized by the Company no resolution
 of the Company in general meeting is required for the issuance of shares of that class and
 the Directors may issue shares of that class and determine such rights, privileges, conditions
 or restrictions attaching thereto as aforesaid, and further provided that where the Company
 issues shares which do not carry voting rights, the words "non voting" shall
 appear in the designation of such shares and where the equity capital includes shares with
 different voting rights, the designation of each class of shares, other than those with the
 most favourable voting rights, must include the words "restricted voting" or
 "limited voting";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) subdivide
 its shares, or any of them, into shares of smaller amount than is fixed by the Company's
 Memorandum of Association (subject, nevertheless, to the Act), and may by such resolution
 determine that, as between the holders of the shares resulting from such subdivision, one
 or more of the shares may have any such preferred, deferred or other rights or be subject
 to any such restrictions as compared with the other or others as the Company has power to
 attach to unissued or new shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) cancel
 any shares which, at the date of the passing of the resolution, have not been taken, or agreed
 to be taken, by any person, and diminish the amount of its capital by the amount of the shares
 so cancelled or, in the case of shares, without par value, diminish the number of shares
 into which its capital is divided.

7.2. The
 Board may settle as it considers expedient any difficulty which arises in relation to any
 consolidation and division under the last preceding Article and in particular but without
 prejudice to the generality of the foregoing may issue certificates in respect of fractions
 of shares or arrange for the sale of the shares representing fractions and the distribution
 of the net proceeds of sale (after deduction of the expenses of such sale) in due proportion
 amongst the Members who would have been entitled to the fractions, and for this purpose the
 Board may authorise some person to transfer the shares representing fractions to their purchaser
 or resolve that such net proceeds be paid to the Company for the Company's benefit.
 Such purchaser will not be bound to see to the application of the purchase money nor will
 his title to the shares be affected by any irregularity or invalidity in the proceedings
 relating to the sale.

**NFT Limited**

7.3. The
 Company may from time to time by Special Resolution, subject to any confirmation or consent
 required by the Act, reduce its share capital or any capital redemption reserve or other
 undistributable reserve in any manner permitted by law.

7.4. Except
 so far as otherwise provided by the conditions of issue, or by these Articles, any capital
 raised by the creation of new shares shall be treated as if it formed part of the original
 capital of the Company, and such shares shall be subject to the provisions contained in these
 Articles

8. register
 of members

8.1. The
 Company shall cause to be kept in one or more books a Register of Members which may be kept
 in or outside the Cayman Islands at such place as the Board shall appoint and shall enter
 therein the following particulars:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 name and address of each Member, the number, and (where appropriate) the class of shares
 held by such Member and the amount paid or agreed to be considered as paid on such shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether
 the shares held by a Member carry voting rights under the Articles and, if so, whether such
 voting rights are conditional;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 date on which each person was entered in the Register of Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 date on which any person ceased to be a Member.

8.2. The
 Company may cause to be kept in any country or territory one or more branch registers of
 such category or categories of members as the Board may determine from time to time and any
 branch register shall be deemed to be part of the Company's Register of Members.

8.3. Any
 register maintained by the Company in respect of listed shares may be kept by recording the
 particulars set out in Article 8.1 in a form otherwise than legible if such recording otherwise
 complies with the laws applicable to and the rules and regulations of the relevant approved
 stock exchange.

**NFT Limited**

8.4. The
 Register and branch register of Members, as the case may be, shall be open to inspection
 for such times and on such days as the Board shall determine by Members without charge or
 by any other person, upon a maximum payment of $2.50 or such other sum specified by the Board,
 at the Office or Registration Office or such other place at which the Register is kept in
 accordance with the Act. The Register including any overseas or local or other branch register
 of Members may, subject to compliance with any notice requirement of the Designated Stock
 Exchange, be closed at such times or for such periods not exceeding in the whole thirty (30)
 days in each year as the Board may determine and either generally or in respect of any class
 of shares.

9. RECORD
 DATES

9.1. For
 the purpose of determining the Members entitled to notice of or to vote at any general meeting,
 or any adjournment thereof, or entitled to express consent to corporate action in writing
 without a meeting, or entitled to receive payment of any dividend or other distribution or
 allotment of any rights, or entitled to exercise any rights in respect of any change, conversion
 or exchange of shares or for the purpose of any other lawful action, the Board may fix, in
 advance, a date as the record date for any such determination of Members, which date shall
 not be more than sixty (60) days nor less than ten (10) days before the date of such meeting,
 nor more than sixty (60) days prior to any other such action.

9.2. If
 the Board does not fix a record date for any general meeting, the record date for determining
 the Members entitled to a notice of or to vote at such meeting shall be at the close of business
 on the day next preceding the day on which notice is given, or, if in accordance with these
 Articles notice is waived, at the close of business on the day next preceding the day on
 which the meeting is held. If corporate action without a general meeting is to be taken,
 the record date for determining the Members entitled to express consent to such corporate
 action in writing, when no prior action by the Board is necessary, shall be the first date
 on which a signed written consent setting forth the action taken or proposed to be taken
 is delivered to the Company by delivery to its head office. The record date for determining
 the Members for any other purpose shall be at the close of business on the day on which the
 Board adopts the resolution relating thereto.

9.3. A
 determination of the Members of record entitled to notice of or to vote at a meeting of the
 Members shall apply to any adjournment of the meeting; provided, however, that the Board
 may fix a new record date for the adjourned meeting.

**NFT Limited**

10. TRANSFER
 OF SHARES

10.1. Subject
 to these Articles and the requirements of the Designated Stock Exchange, any Member may transfer
 all or any of his shares by an instrument of transfer in the usual or common form or in a
 form prescribed by the Designated Stock Exchange or in any other form approved by the Board
 and may be under hand or, if the transferor or transferee is a clearing house or a central
 depository house or its nominee(s), by hand or by machine imprinted signature or by Electronic
 Signature or by such other manner of execution as the Board may approve from time to time.

10.2. The
 instrument of transfer shall be executed by or on behalf of the transferor and the transferee
 provided that the Board may dispense with the execution of the instrument of transfer by
 the transferee in any case which it thinks fit in its discretion to do so. Without prejudice
 to the last preceding Article, the Board may also resolve, either generally or in any particular
 case, upon request by either the transferor or transferee, to accept mechanically executed
 transfers. The transferor shall be deemed to remain the holder of the share until the name
 of the transferee is entered in the Register in respect thereof. Nothing in these Articles
 shall preclude the Board from recognising a renunciation of the allotment or provisional
 allotment of any share by the allottee in favour of some other person.

10.3. The
 Board may, in its absolute discretion, and without giving any reason therefor, refuse to
 register a transfer of any share made in accordance with Article 10.2 but only where such
 share is not a fully paid up share (and being transferred to a person of whom it does not
 approve), or any share issued under any share incentive scheme for employees or pursuant
 to any other agreement, contract or other such arrangement, upon which a restriction on transfer
 imposed thereby still subsists, and it may also, without prejudice to the foregoing generality,
 refuse to register a transfer of any share to more than four joint holders.

10.4. The
 Board in so far as permitted by any applicable law may, in its absolute discretion, at any
 time and from time to time transfer any share upon the Register to any branch register or
 any share on any branch register to the Register or any other branch register. In the event
 of any such transfer, the shareholder requesting such transfer shall bear the cost of effecting
 the transfer unless the Board otherwise determines.

**NFT Limited**

10.5. Unless
 the Board otherwise agrees (which agreement may be on such terms and subject to such conditions
 as the Board in its absolute discretion may from time to time determine, and which agreement
 the Board shall, without giving any reason therefore, be entitled in its absolute discretion
 to give or withhold), no shares upon the Register shall be transferred to any branch register
 nor shall shares on any branch register be transferred to the Register or any other branch
 register and all transfers and other documents of title shall be lodged for registration,
 and registered, in the case of any shares on a branch register, at the relevant Registration
 Office, and, in the case of any shares on the Register, at the Office or such other place
 at which the Register is kept in accordance with the Act.

10.6. Without
 limiting the generality of the last preceding Article, the Board may decline to recognise
 any instrument of transfer unless:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 instrument of transfer is in respect of only one class of share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 instrument of transfer is lodged at the Office or such other place at which the Register
 is kept in accordance with the Act or the Registration Office (as the case may be) accompanied
 by the relevant share certificate(s) and such other evidence as the Board may reasonably
 require to show the right of the transferor to make the transfer (and, if the instrument
 of transfer is executed by some other person on his behalf, the authority of that person
 so to do);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if
 applicable, the instrument of transfer is duly and properly stamped; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 transfer is not to more than four joint holders;

10.7. If
 the Board refuses to register a transfer of any share, it shall, within one month after the
 date on which the transfer was lodged with the Company, send to each of the transferor and
 transferee notice of the refusal.

10.8. The
 registration of transfers of shares or of any class of shares may, on fourteen (14) days'
 calendar notice being given by advertisement in such one or more newspapers or by electronic
 means, be suspended and the register closed at such times and for such periods as the Board
 may from time to time determine, provided, however, that the registration of transfers shall
 not be suspended nor the register closed for more than thirty (30) calendar days in any year.

**NFT Limited**

11. transmission
 of registered shares

11.1. In
 the case of the death of a Member, the survivor or survivors where the deceased Member was
 a joint holder, and the legal personal representatives of the deceased Member where the deceased
 Member was a sole holder, shall be the only persons recognised by the Company as having any
 title to the deceased Member's interest in the shares. Nothing herein contained shall
 release the estate of a deceased joint holder from any liability in respect of any share
 which had been jointly held by such deceased Member with other persons. Subject to the provisions
 of Section 39 of the Act, for the purpose of this Article, legal personal representative
 means the executor or administrator of a deceased Member or such other person as the Board
 may, in its absolute discretion, decide as being properly authorised to deal with the shares
 of a deceased Member.

11.2. Any
 person becoming entitled to a share in consequence of the death or bankruptcy of any Member
 may be registered as a Member upon such evidence as the Board may deem sufficient or may
 elect to nominate some person to be registered as a transferee of such share. If he elects
 to become the holder he shall notify the Company in writing either at the Registration Office
 or Office, as the case may be, to that effect. If he elects to have another person registered
 he shall execute a transfer of the share in favour of that person. The provisions of these
 Articles relating to the transfer and registration of transfers of shares shall apply to
 such notice or transfer as aforesaid as if the death or bankruptcy of the Member had not
 occurred and the notice or transfer were a transfer signed by such Member.

11.3. A
 person becoming entitled to a share by reason of the death or bankruptcy or winding-up of
 a Member shall be entitled to the same dividends and other advantages to which he would be
 entitled if he were the registered holder of the share. However, the Board may, if it thinks
 fit, withhold the payment of any dividend payable or other advantages in respect of such
 share until such person shall become the registered holder of the share or shall have effectually
 transferred such share, but, subject to the requirements of Article 17.12 being met, such
 a person may vote at meetings.

**NFT Limited**

12. Listed
 Shares

12.1. Notwithstanding
 anything to the contrary in these Articles, shares that are listed or admitted to trading
 on an approved stock exchange may be evidenced and transferred in accordance with the rules
 and regulations of such exchange.

13. untraceable
 members

13.1. Without
 prejudice to the rights of the Company under Article 13.2, the Company may cease sending
 cheques for dividend entitlements or dividend warrants by post if such cheques or warrants
 have been left uncashed on two consecutive occasions. However, the Company may exercise the
 power to cease sending cheques for dividend entitlements or dividend warrants after the first
 occasion on which such a cheque or warrant is returned undelivered.

13.2. The
 Company shall have the power to sell, in such manner as the Board thinks fit, any shares
 of a Member who is untraceable, but no such sale shall be made unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 cheques or warrants in respect of dividends of the shares in question, being not less than
 three in total number, for any sum payable in cash to the holder of such shares in respect
 of them sent during the relevant period in the manner authorised by the Articles have remained
 uncashed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) so
 far as it is aware at the end of the relevant period, the Company has not at any time during
 the relevant period received any indication of the existence of the Member who is the holder
 of such shares or of a person entitled to such shares by death, bankruptcy or operation of
 law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company, if so required by the rules governing the listing of shares on the Designated Stock
 Exchange, has given notice to, and caused advertisement in newspapers to be made in accordance
 with the requirements of, the Designated Stock Exchange of its intention to sell such shares
 in the manner required by the Designated Stock Exchange, and a period of three (3) months
 or such shorter period as may be allowed by the Designated Stock Exchange has elapsed since
 the date of such advertisement.

For the purpose of the foregoing, the "relevant period" means the period commencing twelve (12) years before the date of publication of the advertisement referred to in paragraph (c) of this Article and ending at the expiry of the period referred to in that paragraph.

**NFT Limited**

13.3. To
 give effect to any such sale the Board may authorise some person to transfer the said shares
 and an instrument of transfer signed or otherwise executed by or on behalf of such person
 shall be as effective as if it had been executed by the registered holder or the person entitled
 by transmission to such shares, and the purchaser shall not be bound to see to the application
 of the purchase money nor shall his title to the shares be affected by any irregularity or
 invalidity in the proceedings relating to the sale. The net proceeds of the sale will belong
 to the Company and upon receipt by the Company of such net proceeds it shall become indebted
 to the former Member for an amount equal to such net proceeds. No trust shall be created
 in respect of such debt and no interest shall be payable in respect of it and the Company
 shall not be required to account for any money earned from the net proceeds which may be
 employed in the business of the Company or as it thinks fit. Any sale under this Article
 13 shall be valid and effective notwithstanding that the Member holding the shares sold is
 dead, bankrupt or otherwise under any legal disability or incapacity.

14. general
 meetings

14.1. An
 annual general meeting of the Company shall be held in each year other than the year in which
 these Articles were adopted at such time and place as may be determined by the Board.

14.2. Each
 general meeting, other than an annual general meeting, shall be called an extraordinary general
 meeting. Extraordinary general meetings may be held at such times and in any location in
 the world as may be determined by the Board. To the extent that Members hold in aggregate
 less than thirty percent (30%) of the outstanding voting shares in the Company, they cannot:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Call
 general meetings or annual general meetings; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Include
 matters for consideration at shareholder meetings.

14.3. Only
 a majority of the Board may call extraordinary general meetings, which extraordinary general
 meetings shall be held at such times and locations (as permitted hereby) as such person or
 persons shall determine.

**NFT Limited**

14.4. The
 Board shall, on the requisition of Members holding at the date of the deposit of the requisition
 not less than one-tenth of such of the paid-up share capital of the Company as at the date
 of the deposit carries the right to vote at general meetings, forthwith proceed to convene
 an extraordinary general meeting. To be effective the requisition shall state the objects
 of the meeting, shall be in writing, signed by the requisitionists, and shall be deposited
 at the registered office. The requisition may consist of several documents in like form each
 signed by one or more requisitionists.

14.5. If
 the Board does not, within twenty-one days from the date of the requisition, duly proceed
 to call an extraordinary general meeting, the requisitionists, or any of them representing
 more than one half of the total voting rights of all of them, may themselves convene an extraordinary
 general meeting; but any meeting so called shall not be held more than ninety days after
 the requisition. An extraordinary general meeting called by requisitionists shall be called
 in the same manner, as nearly as possible, as that in which general meetings are to be called
 by the Board.

15. NOTICE
 OF GENERAL MEETING

15.1. Any
 general meeting (whether an annual general meeting or an extraordinary general meeting) may
 be called by not less than (i) ten (10) clear days' Notice in the case of an annual
 general meeting or (ii) fourteen (14) clear days' Notice in the case of an extraordinary
 general meeting, save that any such annual or extraordinary general meeting may be called
 by shorter notice, subject to the Act, if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a meeting called as an annual general meeting, by all the Members entitled to
 attend and vote thereat; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of any other meeting, by a majority in number of the Members having the right to
 attend and vote at the meeting, being a majority together holding not less than ninety five
 per cent. (95%) in nominal value of the issued shares giving that right.

15.2. The
 Notice shall specify the time and place of the meeting and, in the case of special business,
 the general nature of the business to be conducted and further, in the case of any matter
 for which approval by Special Resolution shall be required, the intention to propose such
 a Special Resolution. The Notice convening an annual general meeting shall specify the meeting
 as such. Notice of every general meeting shall be given to all Members other than to such
 Members as, under the provisions of these Articles or the terms of issue of the shares they
 hold, are not entitled to receive such notices from the Company, to all persons entitled
 to a share in consequence of the death or bankruptcy or winding up of a Member and to each
 of the Directors and the Auditors.

**NFT Limited**

15.3. A
 Member may give notice to the Company of business proposed to be brought before an annual
 general meeting provided that such notice of proposal of business must be delivered to, or
 mailed and received at the principal executive offices of the Company not less than ninety
 (90) days and not more than one hundred and twenty (120) days prior to the one-year anniversary
 of the preceding year's annual general meeting; provided, however, that if the date
 of the annual general meeting is more than thirty (30) days before or more than sixty (60)
 days after such anniversary date, such notice by the Member, to be timely, must be so delivered,
 or so mailed and received, not later than the ninetieth (90th) day prior to such annual general
 meeting or, if later, the tenth (10th) day following the day on which "public disclosure"
 of the date of such meeting was first made by the Company (such notice within such time periods,
 "Timely Notice"). In no event shall any adjournment or postponement of an annual
 general meeting, or the announcement thereof, commence a new time period (or extend any time
 period) for the giving of Timely Notice as described above. For purposes of these Articles,
 "public disclosure" shall mean disclosure in a press release reported by a national
 news service or in a document publicly filed by the Company with the SEC pursuant to Sections
 13, 14 or 15(d) of the Exchange Act or publicly filed according to applicable law.

15.4. The
 accidental omission to give Notice of a meeting or (in cases where instruments of proxy are
 sent out with the Notice) to send such instrument of proxy to, or the non receipt of such
 Notice or such instrument of proxy by, any person entitled to receive such Notice shall not
 invalidate any resolution passed or the proceedings at that meeting.

16. PROCEEDINGS
 AT GENERAL MEETINGS

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) appointment
 of Auditors (where special notice of the intention for such appointment is not required by
 the Act) and other officers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 fixing of the remuneration of the Auditors, and the voting of remuneration or extra remuneration
 to the Directors.

**NFT Limited**

16.2. No
 business other than the appointment of a chairman of a meeting shall be transacted at any
 general meeting unless a quorum is present at the commencement of the business. At any general
 meeting of the Company, one (1) Member entitled to vote and present in person or by proxy
 or (in the case of a Member being a corporation) by its duly authorised representative representing
 not less than one-third in nominal value of the total issued voting shares in the Company
 throughout the meeting shall form a quorum for all purposes.

16.3. If
 within fifteen (15) minutes from the time appointed for the meeting a quorum is not present,
 the meeting, if convened upon the requisition of shareholders, shall be cancelled. In any
 other case it shall stand adjourned to the same time and place seven days or to such other
 time or place as is determined by the Directors. If at such adjourned meeting a quorum is
 not present within half an hour from the time appointed for holding the meeting, the meeting
 shall be dissolved. The Chairman may, with the consent of a meeting at which a quorum is
 present, adjourn the meeting. When a meeting is adjourned for seven (7) days or more, notice
 of the adjourned meeting shall be given in accordance with the articles.

16.4. The
 chairman of the Board shall preside as chairman at every general meeting. If at any meeting
 the chairman is not present within fifteen (15) minutes after the time appointed for holding
 the meeting, or is not willing to act as chairman, the Directors present shall choose one
 of their number to act, or if one Director only is present he shall preside as chairman if
 willing to act. If no Director is present, or if each of the Directors present declines to
 take the chair, or if the chairman chosen shall retire from the chair, the Members present
 in person or (in the case of a Member being a corporation) by its duly authorised representative
 or by proxy and entitled to vote shall elect one of their number to be chairman.

16.5. The
 chairman may adjourn the meeting from time to time and from place to place, but no business
 shall be transacted at any adjourned meeting other than the business which might lawfully
 have been transacted at the meeting had the adjournment not taken place. When a meeting is
 adjourned for fourteen (14) days or more, at least seven (7) clear days' notice of
 the adjourned meeting shall be given specifying the time and place of the adjourned meeting
 but it shall not be necessary to specify in such notice the nature of the business to be
 transacted at the adjourned meeting and the general nature of the business to be transacted.
 Save as aforesaid, it shall be unnecessary to give notice of an adjournment.

**NFT Limited**

16.6. If
 an amendment is proposed to any resolution under consideration but is in good faith ruled
 out of order by the chairman of the meeting, the proceedings on the substantive resolution
 shall not be invalidated by any error in such ruling. In the case of a resolution duly proposed
 as a Special Resolution, no amendment thereto (other than a mere clerical amendment to correct
 a patent error) may in any event be considered or voted upon.

17. VOTING

17.1. Subject
 to any special rights or restrictions as to voting for the time being attached to any shares
 by or in accordance with these Articles (including without limitation any enhanced voting
 rights as may be provided for in Article 3), at any general meeting on a show of hands every
 holder of Class A Ordinary Shares present in person (or being a corporation, is present by
 a duly authorised representative), or by proxy shall have one (1) vote and every holder of
 Class B Ordinary Shares present in person (or being a corporation, is present by a duly authorised
 representative), or by proxy shall have twenty (20) votes per share; and on a poll every
 Member present in person or by proxy or, in the case of a Member being a corporation, by
 its duly authorised representative shall have one (1) vote in the case of holders of Class
 A Ordinary Shares and twenty (20) votes in the case of holders of Class B Ordinary Shares
 for every share of which he is the holder, but so that no amount paid up or credited as paid
 up on a share in advance of calls or instalments is treated for the foregoing purposes as
 paid up on the share. Notwithstanding anything contained in these Articles, where more than
 one proxy is appointed by a Member which is a clearing house or a central depository house
 (or its nominee(s)), each such proxy shall have one vote on a show of hands. A resolution
 put to the vote of a meeting shall be decided on a show of hands unless (before or on the
 declaration of the result of the show of hands or on the withdrawal of any other demand for
 a poll) a poll is demanded:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 at least three Members present in person or (in the case of a Member being a corporation)
 by its duly authorised representative or by proxy for the time being entitled to vote at
 the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) by
 a Member or Members present in person or (in the case of a Member being a corporation) by
 its duly authorised representative or by proxy and representing not less than one tenth of
 the total voting rights of all Members having the right to vote at the meeting; or

**NFT Limited**

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

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

A demand by a person as proxy for a Member or in the case of a Member being a corporation by its duly authorised representative shall be deemed to be the same as a demand by a Member.

17.2. Unless
 a poll is duly demanded and the demand is not withdrawn, a declaration by the chairman that
 a resolution has been carried, or carried unanimously, or by a particular majority, or not
 carried by a particular majority, or lost, and an entry to that effect made in the minute
 book of the Company, shall be conclusive evidence of the facts without proof of the number
 or proportion of the votes recorded for or against the resolution.

17.3. If
 a poll is duly demanded the result of the poll shall be deemed to be the resolution of the
 meeting at which the poll was demanded. There shall be no requirement for the chairman to
 disclose the voting figures on a poll.

17.4. A
 poll demanded on the election of a chairman, or on a question of adjournment, shall be taken
 forthwith. A poll demanded on any other question shall be taken in such manner (including
 the use of ballot or voting papers or tickets) and either forthwith or at such time (being
 not later than thirty (30) days after the date of the demand) and place as the chairman directs.
 It shall not be necessary (unless the chairman otherwise directs) for notice to be given
 of a poll not taken immediately.

17.5. The
 demand for a poll shall not prevent the continuance of a meeting or the transaction of any
 business other than the question on which the poll has been demanded, and, with the consent
 of the chairman, it may be withdrawn at any time before the close of the meeting or the taking
 of the poll, whichever is the earlier.

**NFT Limited**

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

17.7. A
 person entitled to more than one vote on a poll need not use all his votes or cast all the
 votes he uses in the same way.

17.8. All
 questions submitted to a meeting shall be decided by a simple majority of votes except where
 a greater majority is required by these Articles or by the Act. In the case of an equality
 of votes, whether on a show of hands or on a poll, the chairman of such meeting shall be
 entitled to a second or casting vote in addition to any other vote he may have.

17.9. Where
 there are joint holders of any share any one of such joint holders may vote, either in person
 or by proxy, in respect of such share as if he were solely entitled thereto, but if more
 than one of such joint holders be present at any meeting the vote of the senior holder who
 tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the
 votes of the other joint holders, and for this purpose seniority shall be determined by the
 order in which the names stand in the Register in respect of the joint holding. Several executors
 or administrators of a deceased Member in whose name any share stands shall for the purposes
 of this Article be deemed joint holders thereof.

17.10. A
 Member who is a patient for any purpose relating to mental health or in respect of whom an
 order has been made by any court having jurisdiction for the protection or management of
 the affairs of persons incapable of managing their own affairs may vote, whether on a show
 of hands or on a poll, by his receiver, committee, curator bonis or other person in the nature
 of a receiver, committee or curator bonis appointed by such court, and such receiver, committee,
 curator bonis or other person may vote on a poll by proxy, and may otherwise act and be treated
 as if he were the registered holder of such shares for the purposes of general meetings,
 provided that such evidence as the Board may require of the authority of the person claiming
 to vote shall have been deposited at the Office, head office or Registration Office, as appropriate,
 not less than forty eight (48) hours before the time appointed for holding the meeting, or
 adjourned meeting or poll, as the case may be.

17.11. Any
 person entitled under Article 17.9 to be registered as the holder of any shares may vote
 at any general meeting in respect thereof in the same manner as if he were the registered
 holder of such shares, provided that forty eight (48) hours at least before the time of the
 holding of the meeting or adjourned meeting, as the case may be, at which he proposes to
 vote, he shall satisfy the Board of his entitlement to such shares, or the Board shall have
 previously admitted his right to vote at such meeting in respect thereof.

**NFT Limited**

17.12. No
 Member shall, unless the Board otherwise determines, be entitled to attend and vote and to
 be reckoned in a quorum at any general meeting unless he is duly registered and all calls
 or other sums presently payable by him in respect of shares in the Company have been paid.

17.13. If:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 objection shall be raised to the qualification of any voter; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 votes have been counted which ought not to have been counted or which might have been rejected;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 votes are not counted which ought to have been counted;

the objection or error shall not vitiate the decision of the meeting or adjourned meeting on any resolution unless the same is raised or pointed out at the meeting or, as the case may be, the adjourned meeting at which the vote objected to is given or tendered or at which the error occurs. Any objection or error shall be referred to the chairman of the meeting and shall only vitiate the decision of the meeting on any resolution if the chairman decides that the same may have affected the decision of the meeting. The decision of the chairman on such matters shall be final and conclusive.

18. PROXIES

18.1. Any
 Member entitled to attend and vote at a meeting of the Company shall be entitled to appoint
 another person as his proxy to attend and vote instead of him. A Member who is the holder
 of two or more shares may appoint more than one proxy to represent him and vote on his behalf
 at a general meeting of the Company or at a class meeting. A proxy need not be a Member.
 In addition, a proxy or proxies representing either a Member who is an individual or a Member
 which is a corporation shall be entitled to exercise the same powers on behalf of the Member
 which he or they represent as such Member could exercise.

18.2. The
 instrument appointing a proxy shall be in writing under the hand of the appointor or of his
 attorney duly authorised in writing or, if the appointor is a corporation, either under its
 seal or under the hand of an officer, attorney or other person authorised to sign the same.
 In the case of an instrument of proxy purporting to be signed on behalf of a corporation
 by an officer thereof it shall be assumed, unless the contrary appears, that such officer
 was duly authorised to sign such instrument of proxy on behalf of the corporation without
 further evidence of the facts.

**NFT Limited**

18.3. The
 instrument appointing a proxy and (if required by the Board) the power of attorney or other
 authority (if any) under which it is signed, or a certified copy of such power or authority,
 shall be delivered to such place or one of such places (if any) as may be specified for that
 purpose in or by way of note to or in any document accompanying the notice convening the
 meeting (or, if no place is so specified at the Registration Office or the Office, as may
 be appropriate) not less than forty eight (48) hours before the time appointed for holding
 the meeting or adjourned meeting at which the person named in the instrument proposes to
 vote or, in the case of a poll taken subsequently to the date of a meeting or adjourned meeting,
 not less than twenty four (24) hours before the time appointed for the taking of the poll
 and in default the instrument of proxy shall not be treated as valid. No instrument appointing
 a proxy shall be valid after the expiration of twelve (12) months from the date named in
 it as the date of its execution, except at an adjourned meeting or on a poll demanded at
 a meeting or an adjourned meeting in cases where the meeting was originally held within twelve
 (12) months from such date. Delivery of an instrument appointing a proxy shall not preclude
 a Member from attending and voting in person at the meeting convened and in such event, the
 instrument appointing a proxy shall be deemed to be revoked.

18.4. Instruments
 of proxy shall be in any common form or in such other form as the Board may approve (provided
 that this shall not preclude the use of the two way form) and the Board may, if it thinks
 fit, send out with the notice of any meeting forms of instrument of proxy for use at the
 meeting. The instrument of proxy shall be deemed to confer authority to demand or join in
 demanding a poll and to vote on any amendment of a resolution put to the meeting for which
 it is given as the proxy thinks fit. The instrument of proxy shall, unless the contrary is
 stated therein, be valid as well for any adjournment of the meeting as for the meeting to
 which it relates.

18.5. A
 vote given in accordance with the terms of an instrument of proxy shall be valid notwithstanding
 the previous death or insanity of the principal, or revocation of the instrument of proxy
 or of the authority under which it was executed, provided that no intimation in writing of
 such death, insanity or revocation shall have been received by the Company at the Office
 or the Registration Office (or such other place as may be specified for the delivery of instruments
 of proxy in the notice convening the meeting or other document sent therewith) two (2) hours
 at least before the commencement of the meeting or adjourned meeting, or the taking of the
 poll, at which the instrument of proxy is used.

**NFT Limited**

18.6. Anything
 which under these Articles a Member may do by proxy he may likewise do by his duly appointed
 attorney and the provisions of these Articles relating to proxies and instruments appointing
 proxies shall apply mutatis mutandis in relation to any such attorney and the instrument
 under which such attorney is appointed.

19. CORPORATIONS
 ACTING BY REPRESENTATIVES

19.1. Any
 corporation which is a Member may by resolution of its directors or other governing body
 authorise such person as it thinks fit to act as its representative at any meeting of the
 Company or at any meeting of any class of Members. The person so authorised shall be entitled
 to exercise the same powers on behalf of such corporation as the corporation could exercise
 if it were an individual Member and such corporation shall for the purposes of these Articles
 be deemed to be present in person at any such meeting if a person so authorised is present
 thereat.

19.2. If
 a clearing house (or its nominee(s)) or a central depository, being a corporation, is a Member,
 it may authorise such persons as it thinks fit to act as its representatives at any meeting
 of the Company or at any meeting of any class of Members provided that the authorisation
 shall specify the number and class of shares in respect of which each such representative
 is so authorised. Each person so authorised under the provisions of this Article shall be
 deemed to have been duly authorised without further evidence of the facts and be entitled
 to exercise the same rights and powers on behalf of the clearing house or central depository
 (or its nominee(s)) as if such person was the registered holder of the shares of the Company
 held by the clearing house or central depository (or its nominee(s)) including the right
 to vote individually on a show of hands.

19.3. Any
 reference in these Articles to a duly authorised representative of a Member being a corporation
 shall mean a representative authorised under the provisions of this Article.

20. ACTING
 BY WRITTEN RESOLUTIONS OF MEMBERS

20.1. Members
 may pass a resolution in writing without holding a meeting if the following conditions are
 met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 Members entitled to vote are given notice of the resolution as if the same were being proposed
 at a meeting of Members;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 Members entitled so to vote:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sign
 a document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) sign
 several documents in the like form each signed by one or more of those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 signed document or documents is or are delivered to the Company, including, if the Company
 so nominates, by delivery of an Electronic Record by Electronic means to the address specified
 for that purpose.

Such written resolution shall be as effective as if it had been passed at a meeting of the Members entitled to vote duly convened and held.

21. BOARD
 OF DIRECTORS

21.1. Unless
 otherwise determined by the Company in general meeting, the number of Directors shall not
 be less than two (2). There shall be no maximum number of Directors unless otherwise determined
 from time to time by the Members in general meeting. The Directors shall be elected or appointed
 in the first place by the subscribers to the Memorandum of Association or by a majority of
 them and thereafter in accordance with Article 21.3. At any one time, at least majority of
 the Board of Directors shall be Independent Directors.

21.2. Subject
 to the Articles and the Act, the Company may by ordinary resolution elect any person to be
 a Director either to fill a casual vacancy or as an addition to the existing Board. Any Director
 so appointed shall hold office only until the next following annual general meeting of the
 Company or until his earlier his death, resignation, or removal.

21.3. The
 Directors by the affirmative vote of a simple majority of the remaining Directors present
 and voting at a Board meeting, shall have the power from time to time and at any time to
 appoint any person as a Director to fill a casual vacancy on the Board or as an addition
 to the existing Board, whether or not that person has previously served on the Board, subject
 to these Articles, applicable law and the listing rules of the Designated Stock Exchange.
 Any Director so appointed shall hold office until the next succeeding annual general meeting
 of Members or until his earlier death, resignation or removal.

**NFT Limited**

21.4. No
 Director shall be required to hold any shares of the Company by way of qualification and
 a Director who is not a Member shall be entitled to receive notice of and to attend and speak
 at any general meeting of the Company and of all classes of shares of the Company.

21.5. Subject
 to any provision to the contrary in these Articles, a Director may be removed by way of a
 Special Resolution of the Members at any time before the expiration of his period of office
 notwithstanding anything in these Articles or in any agreement between the Company and such
 Director (but without prejudice to any claim for damages under any such agreement).

21.6. A

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

21.7. The
 Company may from time to time in general meeting by ordinary resolution increase or reduce
 the number of Directors but so that the number of Directors shall never be less than two
 (2).

21.8. The
 Directors shall, as soon as may be after each appointment or election of Directors, elect
 amongst the Directors a chairman (the "Chairman") and if more than one Director
 is proposed for this office, the election to such office shall take place in such manner
 as the Directors may determine.

22. RETIREMENT
 OF DIRECTORS

22.1. Notwithstanding
 any other provisions in the Articles, the Directors of each Class shall retire from office
 once they have come to terms, provided that notwithstanding anything herein, the chairman
 of the Board shall not, whilst holding such office, be subject to retirement or be taken
 into account in determining the number of Directors to retire.

22.2. A
 retiring Director shall be eligible for re-election and shall continue to act as a Director
 throughout the meeting at which he retires. The Directors to retire shall include (so far
 as necessary to ascertain the number of directors to retire) any Director who wishes to retire
 and not to offer himself for re-election. Any further Directors so to retire shall be those
 of the other Directors subject to retirement who have been longest in office since their
 last re-election or appointment and so that 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 and, without limitation, the Directors to retire at the first annual
 general meeting shall be so determined.

**NFT Limited**

22.3. No
 person other than a Director retiring at the meeting shall, unless recommended by the Directors
 for election, be eligible for election as a Director at any general meeting unless a Notice
 signed by a Member (other than the person to be proposed) duly qualified to attend and vote
 at the meeting for which such notice is given of his intention to propose such person for
 election and also a Notice signed by the person to be proposed of his willingness to be elected
 shall have been lodged at the head office or at the Registration Office provided that the
 minimum length of the period, during which such Notice(s) are given, shall be at least seven
 (7) days and that the period for lodgment of such Notice(s) shall commence no earlier than
 the day after the despatch of the notice of the general meeting appointed for such election
 and end no later than seven (7) days prior to the date of such general meeting.

23. DISQUALIFICATION
 OF DIRECTORS

23.1. The
 office of a Director shall be vacated if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) resigns
 his office by notice in writing delivered to the Company at the Office or tendered at a meeting
 of the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) becomes
 of unsound mind or dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without
 special leave of absence from the Board, is absent from meetings of the Board for six consecutive
 months 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is
 prohibited by law from being a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ceases
 to be a Director by virtue of any provision of the Statutes or is removed from office pursuant
 to these Articles.

**NFT Limited**

24. alternate
 DIRECTORS

24.1. Any
 Director may at any time by Notice delivered to the Office or head office or at a meeting
 of the Directors appoint any person (including another Director) to be his alternate Director.
 Any person so appointed shall have all the rights and powers of the Director or Directors
 for whom such person is appointed in the alternative provided that such person shall not
 be counted more than once in determining whether or not a quorum is present. An alternate
 Director may be removed at any time by the body which appointed him and, subject thereto,
 the office of alternate Director shall continue until the happening of any event which, if
 we were a Director, would cause him to vacate such office or if his appointer ceases for
 any reason to be a Director. Any appointment or removal of an alternate Director shall be
 effected by Notice signed by the appointor and delivered to the Office or head office or
 tendered at a meeting of the Board. An alternate Director may also be a Director in his own
 right and may act as alternate to more than one Director. An alternate Director shall, if
 his appointor so requests, be entitled to receive notices of meetings of the Board or of
 committees of the Board to the same extent as, but in lieu of, the Director appointing him
 and shall be entitled to such extent to attend and vote as a Director at any such meeting
 at which the Director appointing him is not personally present and generally at such meeting
 to exercise and discharge all the functions, powers and duties of his appointor as a Director
 and for the purposes of the proceedings at such meeting the provisions of these Articles
 shall apply as if he were a Director save that as an alternate for more than one Director
 his voting rights shall be cumulative.

24.2. An
 alternate Director shall only be a Director for the purposes of the Act and shall only be
 subject to the provisions of the Act insofar as they relate to the duties and obligations
 of a Director when performing the functions of the Director for whom he is appointed in the
 alternative and shall alone be responsible to the Company for his acts and defaults and shall
 not be deemed to be the agent of or for the Director appointing him. An alternate Director
 shall be entitled to contract and be interested in and benefit from contracts or arrangements
 or transactions and to be repaid expenses and to be indemnified by the Company to the same
 extent *mutatis mutandis* as if he were a Director but he shall not be entitled to receive
 from the Company any fee in his capacity as an alternate Director except only such part,
 if any, of the remuneration otherwise payable to his appointor as such appointor may by Notice
 to the Company from time to time direct.

24.3. Every
 person acting as an alternate Director shall have one vote for each Director for whom he
 acts as alternate (in addition to his own vote if he is also a Director). If his appointor
 is for the time being absent from the People's Republic of China or otherwise not available
 or unable to act, the signature of an alternate Director to any resolution in writing of
 the Board or a committee of the Board of which his appointor is a member shall, unless the
 notice of his appointment provides to the contrary, be as effective as the signature of his
 appointor.

**NFT Limited**

24.4. An
 alternate Director shall ipso facto cease to be an alternate Director if his appointor ceases
 for any reason to be a Director, however, such alternate Director or any other person may
 be re-appointed by the Directors to serve as an alternate Director PROVIDED always that,
 if at any meeting any Director retires but is re-elected at the same meeting, any appointment
 of such alternate Director pursuant to these Articles which was in force immediately before
 his retirement shall remain in force as though he had not retired.

25. DIRECTORS'
 FEES AND EXPENSES

25.1. The
 Directors shall receive such remuneration as the Board may from time to time determine. Each
 Director shall be entitled to be repaid or prepaid all traveling, hotel and incidental expenses
 reasonably incurred or expected to be incurred by him in attending meetings of the Board
 or committees of the board or general meetings or separate meetings of any class of shares
 or of debenture of the Company or otherwise in connection with the discharge of his duties
 as a Director. The ordinary remuneration of the Directors shall from time to time be determined
 by the Company in general meeting and shall (unless otherwise directed by the resolution
 by which it is voted) be divided amongst the Board in such proportions and in such manner
 as the Board may agree or, failing agreement, equally, except that any Director who shall
 hold office for part only of the period in respect of which such remuneration is payable
 shall be entitled only to rank in such division for a proportion of remuneration related
 to the period during which he has held office. Such remuneration shall be deemed to accrue
 from day to day.

25.2. Each
 Director shall be entitled to be repaid or prepaid all travelling, hotel and incidental expenses
 reasonably incurred or expected to be incurred by him in attending meetings of the Board
 or committees of the Board or general meetings or separate meetings of any class of shares
 or of debentures of the Company or otherwise in connection with the discharge of his duties
 as a Director.

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

**NFT Limited**

26. DIRECTORS'
 INTERESTS

26.1. A
 Director may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 any other office or place of profit with the Company (except that of Auditor) in conjunction
 with his office of Director for such period and upon such terms as the Board may determine.
 Any remuneration (whether by way of salary, commission, participation in profits or otherwise)
 paid to any Director in respect of any such other office or place of profit shall be in addition
 to any remuneration provided for by or pursuant to any other Article;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) act
 by himself or his firm in a professional capacity for the Company (otherwise than as Auditor)
 and he or his firm may be remunerated for professional services as if he were not a Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) continue
 to be or become a director, managing director, joint managing director, deputy managing director,
 executive director, manager or other officer or member of any other company promoted by the
 Company or in which the Company may be interested as a vendor, shareholder or otherwise and
 (unless otherwise agreed) no such Director shall be accountable for any remuneration, profits
 or other benefits received by him as a director, managing director, joint managing director,
 deputy managing director, executive director, manager or other officer or member of or from
 his interests in any such other company. Subject as otherwise provided by these Articles
 the Directors may exercise or cause to be exercised the voting powers conferred by the shares
 in any other company held or owned by the Company, or exercisable by them as Directors of
 such other company in such manner in all respects as they think fit (including the exercise
 thereof in favour of any resolution appointing themselves or any of them directors, managing
 directors, joint managing directors, deputy managing directors, executive directors, managers
 or other officers of such company) or voting or providing for the payment of remuneration
 to the director, managing director, joint managing director, deputy managing director, executive
 director, manager or other officers of such other company and any Director may vote in favour
 of the exercise of such voting rights in manner aforesaid notwithstanding that he may be,
 or about to be, appointed a director, managing director, joint managing director, deputy
 managing director, executive director, manager or other officer of such a company, and that
 as such he is or may become interested in the exercise of such voting rights in manner aforesaid.

**NFT Limited**

Notwithstanding the foregoing, no "Independent Director" as defined in FINRA Rules or in Rule 10A-3 under the Exchange Act, and with respect of whom the Board has determined constitutes an "Independent Director" for purposes of compliance with applicable law or the Company's listing requirements, shall without the consent of the Audit Committee take any of the foregoing actions or any other action that would reasonably be likely to affect such Director's status as an "Independent Director" of the Company.

26.2. Subject
 to the Act and to these Articles, no Director or proposed or intending Director shall be
 disqualified by his office from contracting with the Company, either with regard to his tenure
 of any office or place of profit or as vendor, purchaser or in any other manner whatsoever,
 nor shall any such contract or any other contract or arrangement in which any Director is
 in any way interested be liable to be avoided, nor shall any Director so contracting or being
 so interested be liable to account to the Company or the Members for any remuneration, profit
 or other benefits realised by any such contract or arrangement by reason of such Director
 holding that office or of the fiduciary relationship thereby established provided that such
 Director shall disclose the nature of his interest in any contract or arrangement in which
 he is interested in accordance with Article 30.6 herein. Any such transaction that would
 reasonably be likely to affect a Director's status as an "Independent Director",
 or that would constitute a "related party transaction" as defined by Item 7.N
 of Form 20F promulgated by the SEC, shall require the approval of the Audit Committee.

26.3. A
 Director who to his knowledge is in any way, whether directly or indirectly, interested in
 a contract or arrangement or proposed contract or arrangement with the Company shall declare
 the nature of his interest at the meeting of the Board at which the question of entering
 into the contract or arrangement is first considered, if he knows his interest then exists,
 or in any other case at the first meeting of the Board after he knows that he is or has become
 so interested. For the purposes of this Article, a general Notice to the Board by a Director
 to the effect that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) he
 is a member or officer of a specified company or firm and is to be regarded as interested
 in any contract or arrangement which may after the date of the Notice be made with that company
 or firm; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he
 is to be regarded as interested in any contract or arrangement which may after the date of
 the Notice be made with a specified person who is connected with him;

shall be deemed to be a sufficient declaration of interest under this Article in relation to any such contract or arrangement, provided that no such Notice shall be effective unless either it is given at a meeting of the Board or the Director takes reasonable steps to secure that it is brought up and read at the next Board meeting after it is given.

**NFT Limited**

26.4. Following
 a declaration being made pursuant to the last preceding two Articles, subject to any separate
 requirement for Audit Committee approval under applicable law or the listing rules of the
 Company's Designated Stock Exchange, and unless disqualified by the chairman of the
 relevant Board meeting, a Director may vote in respect of any contract or proposed contract
 or arrangement in which such Director is interested and may be counted in the quorum at such
 meeting.

27. GENERAL
 POWERS OF THE DIRECTORS'

27.1. The
 business of the Company shall be managed and conducted by the Board, which may pay all expenses
 incurred in forming and registering the Company and may exercise all powers of the Company
 (whether relating to the management of the business of the Company or otherwise) which are
 not by the Statutes or by these Articles required to be exercised by the Company in general
 meeting, subject nevertheless to the provisions of the Statutes and of these Articles and
 to such regulations being not inconsistent with such provisions, as may be prescribed by
 the Company in general meeting, but no regulations made by the Company in general meeting
 shall invalidate any prior act of the Board which would have been valid if such regulations
 had not been made. The general powers given by this Article shall not be limited or restricted
 by any special authority or power given to the Board by any other Article.

27.2. Any
 person contracting or dealing with the Company in the ordinary course of business shall be
 entitled to rely on any written or oral contract or agreement or deed, document or instrument
 entered into or executed as the case may be by any two of the Directors acting jointly on
 behalf of the Company and the same shall be deemed to be validly entered into or executed
 by the Company as the case may be and shall, subject to any rule of law, be binding on the
 Company.

27.3. Without
 prejudice to the general powers conferred by these Articles it is hereby expressly declared
 that the Board shall have the following powers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 give to any person the right or option of requiring at a future date that an allotment shall
 be made to him of any share at par or at such premium as may be agreed;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to
 give to any Directors, officers or employees of the Company an interest in any particular
 business or transaction or participation in the profits thereof or in the general profits
 of the Company either in addition to or in substitution for a salary or other remuneration;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to
 resolve that the Company be deregistered in the Cayman Islands and continued in a named jurisdiction
 outside the Cayman Islands subject to the provisions of the Act.

27.4. The
 Board may by power of attorney appoint any company, firm or person or any fluctuating body
 of persons, whether nominated directly or indirectly by the Board, to be the attorney or
 attorneys of the Company for such purposes and with such powers, authorities and discretions
 (not exceeding those vested in or exercisable by the Board under these Articles) and for
 such period and subject to such conditions as it may think fit, and any such power of attorney
 may contain such provisions for the protection and convenience of persons dealing with any
 such attorney as the Board may think fit, and may also authorise any such attorney to sub-delegate
 all or any of the powers, authorities and discretions vested in him. Such attorney or attorneys
 may, if so authorised under the Seal of the Company, execute any deed or instrument under
 their personal seal with the same effect as the affixation of the Company's Seal.

27.5. The
 Board may entrust to and confer upon a managing director, joint managing director, deputy
 managing director, an executive director or any Director any of the powers exercisable by
 it upon such terms and conditions and with such restrictions as it thinks fit, and either
 collaterally with, or to the exclusion of, its own powers, and may from time to time revoke
 or vary all or any of such powers but no person dealing in good faith and without notice
 of such revocation or variation shall be affected thereby.

27.6. All
 cheques, promissory notes, drafts, bills of exchange and other instruments, whether negotiable
 or transferable or not, and all receipts for moneys paid to the Company shall be signed,
 drawn, accepted, endorsed or otherwise executed, as the case may be, in such manner as the
 Board shall from time to time by resolution determine. The Company's banking accounts
 shall be kept with such banker or bankers as the Board shall from time to time determine.

27.7. The
 Board may establish or concur or join with other companies (being subsidiary companies of
 the Company or companies with which it is associated in business) in establishing and making
 contributions out of the Company's moneys to any schemes or funds for providing pensions,
 sickness or compassionate allowances, life assurance or other benefits for employees (which
 expression as used in this and the following paragraph shall include any Director or ex-Director
 who may hold or have held any executive office or any office of profit under the Company
 or any of its subsidiary companies) and ex-employees of the Company and their dependants
 or any class or classes of such person.

**NFT Limited**

27.8. The
 Board may pay, enter into agreements to pay or make grants of revocable or irrevocable pensions
 or other benefits to employees and ex-employees and their dependants, or to any of such persons,
 including pensions or benefits additional to those, if any, to which such employees or ex-employees
 or their dependants are or may become entitled under any such scheme or fund as mentioned
 in the last preceding paragraph. Any such pension or benefit may, as the Board considers
 desirable, be granted to an employee either before and in anticipation of or upon or at any
 time after his actual retirement, and may be subject or not subject to any terms or conditions
 as the Board may determine.

28. BORROWING
 POWERS

28.1. The
 Board may exercise all the powers of the Company to raise or borrow money and to mortgage
 or charge all or any part of the undertaking, property and assets (present and future) and
 uncalled capital of the Company and, subject to the Act, to issue debentures, bonds and other
 securities, whether outright or as collateral security for any debt, liability or obligation
 of the Company or of any third party.

28.2. Debentures,
 bonds and other securities may be made assignable free from any equities between the Company
 and the person to whom the same may be issued.

28.3. Any
 debentures, bonds or other securities may be issued at a discount (other than shares (with
 the exception of any share discount conducted in accordance with Act)), premium or otherwise
 and with any special privileges as to redemption, surrender, drawings, allotment of shares,
 attending and voting at general meetings of the Company, appointment of Directors and otherwise.

28.4. Where
 any uncalled capital of the Company is charged, all persons taking any subsequent charge
 thereon shall take the same subject to such prior charge, and shall not be entitled, by notice
 to the Members or otherwise, to obtain priority over such prior charge.

28.5. The
 Board shall cause a proper register to be kept, in accordance with the provisions of the
 Act, of all charges specifically affecting the property of the Company and of any series
 of debentures issued by the Company and shall duly comply with the requirements of the Act
 in regard to the registration of charges and debentures therein specified and otherwise.

**NFT Limited**

29. proceedings
 of the directors

29.1. The
 Board may meet for the despatch of business, adjourn and otherwise regulate its meetings
 as it considers appropriate. Questions arising at any meeting shall be determined by a majority
 of votes. In the case of any equality of votes the chairman of the meeting shall have an
 additional or casting vote.

29.2. A
 meeting of the Board may be convened by the Secretary on request of a Director or by any
 Director. The Secretary shall convene a meeting of the Board. Notice of a meeting of the
 Board shall be deemed to be duly given to a Director if it is given to such Director in writing
 or verbally (including in person or by telephone) or via electronic mail or by telephone
 or in such other manner as the Board may from time to time determine.

29.3. The
 quorum necessary for the transaction of the business of the Board may be fixed by the Board
 and, unless so fixed at any other number, shall be two (2). An alternate Director shall be
 counted in a quorum in the case of the absence of a Director for whom he is the alternate
 provided that he shall not be counted more than once for the purpose of determining whether
 or not a quorum is present.

29.4. Directors
 may participate in any meeting of the Board by means of a conference telephone or other communications
 equipment through which all persons participating in the meeting can communicate with each
 other simultaneously and instantaneously and, for the purpose of counting a quorum, such
 participation shall constitute presence at a meeting as if those participating were present
 in person.

29.5. Any
 Director who ceases to be a Director at a Board meeting may continue to be present and to
 act as a Director and be counted in the quorum until the termination of such Board meeting
 if no other Director objects and if otherwise a quorum of Directors would not be present.

29.6. The
 continuing Directors or a sole continuing Director may act notwithstanding any vacancy in
 the Board but, if and so long as the number of Directors is reduced below the minimum number
 fixed by or in accordance with these Articles, the continuing Directors or Director, notwithstanding
 that the number of Directors is below the number fixed by or in accordance with these Articles
 as the quorum or that there is only one continuing Director, may act for the purpose of filling
 vacancies in the Board or of summoning general meetings of the Company but not for any other
 purpose.

**NFT Limited**

29.7. The
 Chairman of the Board shall be the chairman of all meetings of the Board. If the Chairman
 of the Board is not present at any meeting within five (5) minutes after the time appointed
 for holding the same, the Directors present may choose one of their number to be chairman
 of the meeting.

29.8. A
 meeting of the Board at which a quorum is present shall be competent to exercise all the
 powers, authorities and discretions for the time being vested in or exercisable by the Board.

29.9. The
 Board may delegate any of its powers, authorities and discretions to committees (including,
 without limitation, the Audit Committee), consisting of such Director or Directors and other
 persons as it thinks fit, and they may, from time to time, revoke such delegation or revoke
 the appointment of and discharge any such committees either wholly or in part, and either
 as to persons or purposes. Any committee so formed shall, in the exercise of the powers,
 authorities and discretions so delegated, conform to any regulations which may be imposed
 on it by the Board.

29.10. All
 acts done by any such committee in conformity with such regulations, and in fulfilment of
 the purposes for which it was appointed, but not otherwise, shall have like force and effect
 as if done by the Board, and the Board (or if the Board delegates such power, the committee)
 shall have power to remunerate the members of any such committee, and charge such remuneration
 to the current expenses of the Company.

29.11. The
 meetings and proceedings of any committee consisting of two or more members shall be governed
 by the provisions contained in these Articles for regulating the meetings and proceedings
 of the Board so far as the same are applicable and are not superseded by any regulations
 imposed by the Board under the last preceding Article, indicating, without limitation, any
 committee charter adopted by the Board for purposes or in respect of any such committee.

29.12. A
 resolution in writing signed by all the Directors except such as are temporarily unable to
 act through ill-health or disability shall (provided that such number is sufficient to constitute
 a quorum and further provided that a copy of such resolution has been given or the contents
 thereof communicated to all the Directors for the time being entitled to receive notices
 of Board meetings in the same manner as notices of meetings are required to be given by these
 Articles) be as valid and effectual as if a resolution had been passed at a meeting of the
 Board duly convened and held. Such resolution may be contained in one document or in several
 documents in like form each signed by one or more of the Directors and for this purpose a
 facsimile signature of a Director shall be treated as valid.

**NFT Limited**

29.13. All
 acts bona fide done by the Board or by any committee or by any person acting as a Director
 or members of a committee, shall, notwithstanding that it is afterwards discovered that there
 was some defect in the appointment of any member of the Board or such committee or person
 acting as aforesaid or that they or any of them were disqualified or had vacated office,
 be as valid as if every such person had been duly appointed and was qualified and had continued
 to be a Director or member of such committee.

30. COMMITTEES

30.1. Without
 prejudice to the freedom of the Directors to establish any other committees, for so long
 as the shares of the Company (or depositary receipts therefor) are listed or quoted on the
 Designated Stock Exchange, the Board shall establish and maintain an Audit Committee, a Compensation
 Committee and a Nomination Committee as committees of the Board, the composition and responsibilities
 of which shall comply with the FINRA Rules, the rules and regulations of the SEC and the
 rules and regulations of the Designated Stock Exchange, as appropriate.

30.2. The
 Board shall adopt a formal written audit committee charter, a formal written compensation
 committee charter and review and a formal written Nomination Committee Charter and assess
 the adequacy of each formal written charter on an annual basis.

30.3. The
 audit committee shall meet at least once every financial quarter, or more frequently as circumstances
 dictate.

30.4. The
 compensation committee shall meet at least once every financial year, or more frequently
 as circumstances dictate.

30.5. The
 nomination committee shall meet at least once every financial year, or more frequently as
 circumstances dictate.

**NFT Limited**

30.6. For
 so long as the shares of the Company (or depositary receipts therefor) are listed or quoted
 on the Designated Stock Exchange, the Company shall conduct an appropriate review of all
 related party transactions on an ongoing basis and shall utilize the Audit Committee for
 the review and approval of potential conflicts of interest. Specifically, the Audit Committee
 shall approve any transaction or transactions between the Company and any of the following
 parties: (i) any Member owning an interest in the voting power of the Company or any subsidiary
 of the Company that gives such Member significant influence over the Company or any subsidiary
 of the Company, (ii) any director or executive officer of the Company or any subsidiary of
 the Company and any relative of such director or executive officer, (iii) any person in which
 a substantial interest in the voting power of the Company is owned, directly or indirectly,
 by any person described in (i) or (ii) or over which such a person is able to exercise significant
 influence, and (iv) any affiliate (other than a subsidiary) of the Company.

30.7. The
 Board may, from time to time, appoint such other committees as may be permitted by Act. Such
 other committees appointed by the Board shall consist of one (1) or more members of the Board
 and shall have such powers and perform such duties as may be provided in a resolution of
 the Board.

31. officers

31.1. The
 officers of the Company shall consist of the chief executive officer, the chief financial
 officer, the Directors and Secretary, and such additional officers (who may or may not be
 Directors) as the Board may from time to time determine, all of whom shall be deemed to be
 officers for the purposes of the Act and these Articles.

31.2. The
 officers shall receive such remuneration as the Directors may from time to time determine.

31.3. The
 Secretary and additional officers, if any, shall be appointed by the Board and shall hold
 office on such terms and for such period as the Board may determine. If thought fit, two
 or more persons may be appointed as joint Secretaries. The Board may also appoint from time
 to time on such terms as it thinks fit one or more assistant or deputy Secretaries.

31.4. The
 Secretary shall attend all meetings of the Members and shall keep correct minutes of such
 meetings and enter the same in the proper books provided for the purpose. He shall perform
 such other duties as are prescribed by the Act or these Articles or as may be prescribed
 by the Board.

**NFT Limited**

31.5. The
 officers of the Company shall have such powers and perform such duties in the management,
 business and affairs of the Company as may be delegated to them by the Directors from time
 to time.

31.6. A
 provision of the Act or of these Articles requiring or authorising a thing to be done by
 or to a Director and the Secretary shall not be satisfied by its being done by or to the
 same person acting both as Director and as or in place of the Secretary.

32. MINUTES

32.1. The
 Board shall cause minutes to be duly entered in books provided for the purpose:

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) of
 all resolutions and proceedings of each general meeting of the Members, meetings of the Board
 and meetings of committees of the Board and where there are managers, of all proceedings
 of meetings of the managers.

32.2. Minutes
 shall be kept by the Secretary at the Office.

33. SEAL

33.1. The
 Company shall have one or more Seals, as the Board may determine. For the purpose of sealing
 documents creating or evidencing securities issued by the Company, the Company may have a
 securities seal which is a facsimile of the Seal of the Company with the addition of the
 word "Securities" on its face or in such other form as the Board may approve.
 The Board shall provide for the custody of each Seal and no Seal shall be used without the
 authority of the Board or of a committee of the Board authorised by the Board in that behalf.
 Subject as otherwise provided in these Articles, any instrument to which a Seal is affixed
 shall be signed autographically by one Director and the Secretary or by two Directors or
 by such other person (including a Director) or persons as the Board may appoint, either generally
 or in any particular case, save that as regards any certificates for shares or debentures
 or other securities of the Company the Board may by resolution determine that such signatures
 or either of them shall be dispensed with or affixed by some method or system of mechanical
 signature or by Electronic Signature. Every instrument executed in manner provided by this
 Article shall be deemed to be sealed and executed with the authority of the Board previously
 given.

**NFT Limited**

33.2. Where
 the Company has a Seal for use abroad, the Board may by writing under the Seal appoint any
 agent or committee abroad to be the duly authorised agent of the Company for the purpose
 of affixing and using such Seal and the Board may impose restrictions on the use thereof
 as may be thought fit. Wherever in these Articles reference is made to the Seal, the reference
 shall, when and so far as may be applicable, be deemed to include any such other Seal as
 aforesaid.

34. destruction
 of documents

34.1. The
 Company shall be entitled to destroy the following documents at the following times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 share certificate which has been cancelled at any time after the expiry of one (1) year from
 the date of such cancellation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 dividend mandate or any variation or cancellation thereof or any notification of change of
 name or address at any time after the expiry of two (2) years from the date such mandate
 variation cancellation or notification was recorded by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 instrument of transfer of shares which has been registered at any time after the expiry of
 seven (7) years from the date of registration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 allotment letters after the expiry of seven (7) years from the date of issue thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) copies
 of powers of attorney, grants of probate and letters of administration at any time after
 the expiry of seven (7) years after the account to which the relevant power of attorney,
 grant of probate or letters of administration related has been closed;

and it shall conclusively be presumed in favour of the Company that every entry in the Register purporting to be made on the basis of any such documents so destroyed was duly and properly made and every share certificate so destroyed was a valid certificate duly and properly cancelled and that every instrument of transfer so destroyed was a valid and effective instrument duly and properly registered and that every other document destroyed hereunder was a valid and effective document in accordance with the recorded particulars thereof in the books or records of the Company. Provided always that: (1) the foregoing provisions of this Article shall apply only to the destruction of a document in good faith and without express notice to the Company that the preservation of such document was relevant to a claim; (2) nothing contained in this Article shall be construed as imposing upon the Company any liability in respect of the destruction of any such document earlier than as aforesaid or in any case where the conditions of proviso (1) above are not fulfilled; and (3) references in this Article to the destruction of any document include references to its disposal in any manner.

**NFT Limited**

34.2. Notwithstanding
 any provision contained in these Articles, the Directors may, if permitted by applicable
 law, authorise the destruction of documents set out in sub-paragraphs (a) to (e) of paragraph
 (1) of this Article and any other documents in relation to share registration which have
 been microfilmed or electronically stored by the Company or by the share registrar on its
 behalf provided always that this Article shall apply only to the destruction of a document
 in good faith and without express notice to the Company and its share registrar that the
 preservation of such document was relevant to a claim.

35. DIVIDENDS
 AND OTHER PAYMENTS

35.1. Subject
 to the Act, the Company in general meeting or the Board may from time to time declare dividends
 in any currency to be paid to the Members but no dividend shall be declared in excess of
 the amount recommended by the Board.

35.2. Dividends
 may be declared and paid out of the profits of the Company, realised or unrealised, or from
 any reserve set aside from profits which the Directors determine is no longer needed. The
 Board may also declare and pay dividends out of share premium account or any other fund or
 account which can be authorised for this purpose in accordance with the Act.

35.3. Except
 in so far as the rights attaching to, or the terms of issue of, any share otherwise provide:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 dividends shall be declared and paid according to the amounts paid up on the shares in respect
 of which the dividend is paid, but no amount paid up on a share in advance of calls shall
 be treated for the purposes of this Article as paid up on the share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 dividends shall be apportioned and paid pro rata according to the amounts paid up on the
 shares during any portion or portions of the period in respect of which the dividend is paid.

**NFT Limited**

35.4. The
 Board may from time to time pay to the Members such interim dividends as appear to the Board
 to be justified by the profits of the Company and in particular (but without prejudice to
 the generality of the foregoing) if at any time the share capital of the Company is divided
 into different classes, the Board may pay such interim dividends in respect of those shares
 in the capital of the Company which confer on the holders thereof deferred or non preferential
 rights as well as in respect of those shares which confer on the holders thereof preferential
 rights with regard to dividend and provided that the Board acts bona fide the Board shall
 not incur any responsibility to the holders of shares conferring any preference for any damage
 that they may suffer by reason of the payment of an interim dividend on any shares having
 deferred or non preferential rights and may also pay any fixed dividend which is payable
 on any shares of the Company half yearly or on any other dates, whenever such profits, in
 the opinion of the Board, justifies such payment.

35.5. The
 Board may deduct from any dividend or other moneys payable to a Member by the Company on
 or in respect of any shares all sums of money (if any) presently payable by him to the Company
 on account of calls or otherwise.

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

35.7. Any
 dividend, interest or other sum payable in cash to the holder of shares may be paid by cheque
 or warrant sent through the post addressed to the holder at his registered address or, in
 the case of joint holders, addressed to the holder whose name stands first in the Register
 in respect of the shares at his address as appearing in the Register or addressed to such
 person and at such address as the holder or joint holders may in writing direct. Every such
 cheque or warrant shall, unless the holder or joint holders otherwise direct, be made payable
 to the order of the holder or, in the case of joint holders, to the order of the holder whose
 name stands first on the Register in respect of such shares, and shall be sent at his or
 their risk and payment of the cheque or warrant by the bank on which it is drawn shall constitute
 a good discharge to the Company notwithstanding that it may subsequently appear that the
 same has been stolen or that any endorsement thereon has been forged. Any one of two or more
 joint holders may give effectual receipts for any dividends or other moneys payable or property
 distributable in respect of the shares held by such joint holders.

**NFT Limited**

35.8. All
 dividends or bonuses unclaimed for one (1) year after having been declared may be invested
 or otherwise made use of by the Board for the benefit of the Company until claimed. Any dividend
 or bonuses unclaimed after a period of six (6) years from the date of declaration shall be
 forfeited and shall revert to the Company. The payment by the Board of any unclaimed dividend
 or other sums payable on or in respect of a share into a separate account shall not constitute
 the Company a trustee in respect thereof.

If a Member fails to pay any call the Board may give to such Member not less than fourteen (14) clear days' notice requiring payment and specifying the amount unpaid including any interest which may have accrued, any expenses which have been incurred by the Company due to that person's default and the place where payment is to be made. The notice shall also contain a warning that if the notice is not complied with, the shares in respect of which the call is made will be liable to be forfeited. If such notice is not complied with, the Board may, before the payment required by the notice has been received, resolve that any share the subject of that notice be forfeited (which forfeiture shall include all dividends or other monies payable in respect of the forfeited share and not paid before such forfeiture).

A forfeited share may be sold, re-allotted or otherwise disposed of on such terms and in such manner as the directors determine and at any time before a sale, re-allotment or disposition the forfeiture may be cancelled on such terms as the directors think fit. A person whose shares have been forfeited shall cease to be a Member in respect of the forfeited shares, but shall, notwithstanding such forfeit, remain liable to pay to the Company all monies which at the date of forfeiture were payable to the Company in respect of the shares, together with all expenses and interest from the date of forfeiture or surrender until payment, but his liability shall cease if and when the Company receives payment in full of the unpaid amount.

A declaration, whether statutory or under oath, made by a Director or the Secretary shall be conclusive evidence that the person making the declaration is a Director or Secretary of the Company and that the particular shares have been forfeited or surrendered on a particular date.

Subject to the execution of an instrument of transfer, if necessary, the declaration shall constitute good title to the shares.

**NFT Limited**

35.9. Whenever
 the Board or the Company in general meeting has resolved that a dividend be paid or declared,
 the Board may further resolve that such dividend be satisfied wholly or in part by the distribution
 of specific assets of any kind and in particular of paid up shares, debentures or warrants
 to subscribe securities of the Company or any other company, or in any one or more of such
 ways, and where any difficulty arises in regard to the distribution the Board may settle
 the same as it thinks expedient, and in particular may issue certificates in respect of fractions
 of shares, disregard fractional entitlements or round the same up or down, and may fix the
 value for distribution of such specific assets, or any part thereof, and may determine that
 cash payments shall be made to any Members upon the footing of the value so fixed in order
 to adjust the rights of all parties, and may vest any such specific assets in trustees as
 may seem expedient to the Board and may appoint any person to sign any requisite instruments
 of transfer and other documents on behalf of the persons entitled to the dividend, and such
 appointment shall be effective and binding on the Members. The Board may resolve that no
 such assets shall be made available to Members with registered addresses in any particular
 territory or territories where, in the absence of a registration statement or other special
 formalities, such distribution of assets would or might, in the opinion of the Board, be
 unlawful or impracticable and in such event the only entitlement of the Members aforesaid
 shall be to receive cash payments as aforesaid. Members affected as a result of the foregoing
 sentence shall not be or be deemed to be a separate class of Members for any purpose whatsoever.

35.10. Whenever
 the Board or the Company in general meeting has resolved that a dividend be paid or declared
 on any class of the share capital of the Company, the Board may further resolve either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 such dividend be satisfied wholly or in part in the form of an allotment of shares credited
 as fully paid up, provided that the Members entitled thereto will be entitled to elect to
 receive such dividend (or part thereof if the Board so determines) in cash in lieu of such
 allotment. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 Board, after determining the basis of allotment, shall give not less than ten (10) days'
 Notice to the holders of the relevant shares of the right of election accorded to them and
 shall send with such notice forms of election and specify the procedure to be followed and
 the place at which and the latest date and time by which duly completed forms of election
 must be lodged in order to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 right of election may be exercised in respect of the whole or part of that portion of the
 dividend in respect of which the right of election has been accorded; and

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 dividend (or that part of the dividend to be satisfied by the allotment of shares as aforesaid)
 shall not be payable in cash on shares in respect whereof the cash election has not been
 duly exercised ("the non elected shares") and in satisfaction thereof shares
 of the relevant class shall be allotted credited as fully paid up to the holders of the non
 elected shares on the basis of allotment determined as aforesaid and for such purpose the
 Board shall capitalise and apply out of any part of the undivided profits of the Company
 (including profits carried and standing to the credit of any reserves or other special account,
 share premium account or capital redemption reserve) as the Board may determine, such sum
 as may be required to pay up in full the appropriate number of shares of the relevant class
 for allotment and distribution to and amongst the holders of the non elected shares on such
 basis; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that
 the Members entitled to such dividend shall be entitled to elect to receive an allotment
 of shares credited as fully paid up in lieu of the whole or such part of the dividend as
 the Board may think fit. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 Board, after determining the basis of allotment, shall give not less than ten (10) days'
 Notice to the holders of the relevant shares of the right of election accorded to them and
 shall send with such notice forms of election and specify the procedure to be followed and
 the place at which and the latest date and time by which duly completed forms of election
 must be lodged in order to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 right of election may be exercised in respect of the whole or part of that portion of the
 dividend in respect of which the right of election has been accorded; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 dividend (or that part of the dividend in respect of which a right of election has been accorded)
 shall not be payable in cash on shares in respect whereof the share election has been duly
 exercised ("the elected shares") and in lieu thereof shares of the relevant class
 shall be allotted credited as fully paid up to the holders of the elected shares on the basis
 of allotment determined as aforesaid and for such purpose the Board shall capitalise and
 apply out of any part of the undivided profits of the Company (including profits carried
 and standing to the credit of any reserves or other special account, share premium account
 or capital redemption reserve) as the Board may determine, such sum as may be required to
 pay up in full the appropriate number of shares of the relevant class for allotment and distribution
 to and amongst the holders of the elected shares on such basis.

**NFT Limited**

35.11. The
 shares allotted pursuant to the provisions of Article 35.10 shall rank *pari passu* in all respects with shares of the same class (if any) then in issue save only as regards
 participation in the relevant dividend or in any other distributions, bonuses or rights paid,
 made, declared or announced prior to or contemporaneously with the payment or declaration
 of the relevant dividend unless, contemporaneously with the announcement by the Board of
 their proposal to apply the provisions of Articles 35.11 and 35.12 in relation to the relevant
 dividend or contemporaneously with their announcement of the distribution, bonus or rights
 in question, the Board shall specify that the shares to be allotted pursuant to the provisions
 of Article 35.10 shall rank for participation in such distribution, bonus or rights.

35.12. The
 Board may do all acts and things considered necessary or expedient to give effect to any
 capitalisation pursuant to the provisions of Article 35.10, with full power to the Board
 to make such provisions as it thinks fit in the case of shares becoming distributable in
 fractions (including provisions whereby, in whole or in part, fractional entitlements are
 aggregated and sold and the net proceeds distributed to those entitled, or are disregarded
 or rounded up or down or whereby the benefit of fractional entitlements accrues to the Company
 rather than to the Members concerned). The Board may authorise any person to enter into on
 behalf of all Members interested, an agreement with the Company providing for such capitalisation
 and matters incidental thereto and any agreement made pursuant to such authority shall be
 effective and binding on all concerned.

35.13. The
 Company may upon the recommendation of the Board by ordinary resolution resolve in respect
 of any one particular dividend of the Company that notwithstanding the provisions of Article
 35.10, a dividend may be satisfied wholly in the form of an allotment of shares credited
 as fully paid up without offering any right to shareholders to elect to receive such dividend
 in cash in lieu of such allotment.

35.14. The
 Board may on any occasion determine that rights of election and the allotment of shares under
 Article 35.10 shall not be made available or made to any shareholders with registered addresses
 in any territory where, in the absence of a registration statement or other special formalities,
 the circulation of an offer of such rights of election or the allotment of shares would or
 might, in the opinion of the Board, be unlawful or impracticable, and in such event the provisions
 aforesaid shall be read and construed subject to such determination. Members affected as
 a result of the foregoing sentence shall not be or be deemed to be a separate class of Members
 for any purpose whatsoever.

**NFT Limited**

35.15. Any
 resolution declaring a dividend on shares of any class, whether a resolution of the Company
 in general meeting or a resolution of the Board, may specify that the same shall be payable
 or distributable to the persons registered as the holders of such shares at the close of
 business on a particular date, notwithstanding that it may be a date prior to that on which
 the resolution is passed, and thereupon the dividend shall be payable or distributable to
 them in accordance with their respective holdings so registered, but without prejudice to
 the rights inter se in respect of such dividend of transferors and transferees of any such
 shares. The provisions of this Article shall mutatis mutandis apply to bonuses, capitalisation
 issues, distributions of realised capital profits or offers or grants made by the Company
 to the Members.

36. RESERVES

36.1. The
 Board shall establish an account to be called the share premium account and shall carry to
 the credit of such account from time to time a sum equal to the amount or value of the premium
 paid on the issue of any share in the Company. Unless otherwise provided by the provisions
 of these Articles, the Board may apply the share premium account in any manner permitted
 by the Act. The Company shall at all times comply with the provisions of the Act in relation
 to the share premium account.

36.2. Before
 recommending any dividend, the Board may set aside out of the profits of the Company such
 sums as it determines as reserves which shall, at the discretion of the Board, be applicable
 for any purpose to which the profits of the Company may be properly applied and pending such
 application may, also at such discretion, either be employed in the business of the Company
 or be invested in such investments as the Board may from time to time think fit and so that
 it shall not be necessary to keep any investments constituting the reserve or reserves separate
 or distinct from any other investments of the Company. The Board may also without placing
 the same to reserve carry forward any profits which it may think prudent not to distribute.

**NFT Limited**

37. CAPITALISATION

37.1. The
 Company may, upon the recommendation of the Board, at any time and from time to time pass
 an ordinary resolution to the effect that it is desirable to capitalise all or any part of
 any amount for the time being standing to the credit of any reserve or fund (including a
 share premium account and capital redemption reserve and the profit and loss account) whether
 or not the same is available for distribution and accordingly that such amount be set free
 for distribution among the Members or any class of Members who would be entitled thereto
 if it were distributed by way of dividend and in the same proportions, on the footing that
 the same is not paid in cash but is applied either in or towards paying up the amounts for
 the time being unpaid on any shares in the Company held by such Members respectively or in
 paying up in full unissued shares, debentures or other obligations of the Company, to be
 allotted and distributed credited as fully paid up among such Members, or partly in one way
 and partly in the other, and the Board shall give effect to such resolution provided that,
 for the purposes of this Article, a share premium account and any capital redemption reserve
 or fund representing unrealised profits, may be applied only in paying up in full unissued
 shares of the Company to be allotted to such Members credited as fully paid.

37.2. The
 Board may settle, as it considers appropriate, any difficulty arising in regard to any distribution
 under the last preceding Article and in particular may issue certificates in respect of fractions
 of shares or authorise any person to sell and transfer any fractions or may resolve that
 the distribution should be as nearly as may be practicable in the correct proportion but
 not exactly so or may ignore fractions altogether, and may determine that cash payments shall
 be made to any Members in order to adjust the rights of all parties, as may seem expedient
 to the Board. The Board may appoint any person to sign on behalf of the persons entitled
 to participate in the distribution any contract necessary or desirable for giving effect
 thereto and such appointment shall be effective and binding upon the Members.

38. ACCOUNTING
 RECORDS

38.1. The
 Board shall cause true accounts to be kept of the sums of money received and expended by
 the Company, and the matters in respect of which such receipt and expenditure take place,
 and of the property, assets, credits and liabilities of the Company and of all other matters
 required by the Act or necessary to give a true and fair view of the Company's affairs
 and to explain its transactions.

38.2. The
 accounting records shall be kept at the Office or, at such other place or places as the Board
 decides and shall always be open to inspection by the Directors. No Member (other than a
 Director) shall have any right of inspecting any accounting record or book or document of
 the Company except as conferred by law or authorised by the Board or the Company in general
 meeting.

**NFT Limited**

38.3. Subject
 to Article 38.4, a printed copy of the Directors' report, accompanied by the balance
 sheet and profit and loss account, including every document required by law to be annexed
 thereto, made up to the end of the applicable financial year and containing a summary of
 the assets and liabilities of the Company under convenient heads and a statement of income
 and expenditure, together with a copy of the Auditors' report, shall be sent to each
 person entitled thereto at least ten (10) days before the date of the general meeting and
 laid before the Company at the annual general meeting held in accordance with Article 14.1
 provided that this Article shall not require a copy of those documents to be sent to any
 person whose address the Company is not aware or to more than one of the joint holders of
 any shares or debentures.

38.4. Subject
 to due compliance with all applicable Statutes, rules and regulations, including, without
 limitation, the rules of the Designated Stock Exchange, and to obtaining all necessary consents,
 if any, required thereunder, the requirements of Article 38.3 shall be deemed satisfied in
 relation to any person by sending to the person in any manner not prohibited by the Statutes,
 summarised financial statements derived from the Company's annual accounts and the
 directors' report which shall be in the form and containing the information required
 by applicable laws and regulations, provided that any person who is otherwise entitled to
 the annual financial statements of the Company and the directors' report thereon may,
 if he so requires by notice in writing served on the Company, demand that the Company sends
 to him, in addition to summarised financial statements, a complete printed copy of the Company's
 annual financial statement and the directors' report thereon.

38.5. The
 requirement to send to a person referred to in Article 38.3 the documents referred to in
 that article or a summary financial report in accordance with Article 38.4 shall be deemed
 satisfied where, in accordance with all applicable Statutes, rules and regulations, including,
 without limitation, the rules of the Designated Stock Exchange, the Company publishes copies
 of the documents referred to in Article 38.3 and, if applicable, a summary financial report
 complying with Article 38.4, on the Company's computer network or in any other permitted
 manner (including by sending any form of electronic communication), and that person has agreed
 or is deemed to have agreed to treat the publication or receipt of such documents in such
 manner as discharging the Company's obligation to send to him a copy of such documents.

**NFT Limited**

**39.** **FINANCIAL YEAR END** 

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

40. AUDIT

40.1. Subject
 to applicable law and rules of the Designated Stock Exchange:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At
 the annual general meeting or at a subsequent extraordinary general meeting in each year,
 the Members shall appoint an auditor to audit the accounts of the Company and such auditor
 shall hold office until the Members appoint another auditor. Such auditor may be a Member
 but no Director or officer or employee of the Company shall, during his continuance in office,
 be eligible to act as an auditor of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A
 person, other than a retiring Auditor, shall not be capable of being appointed Auditor at
 an annual general meeting unless notice in writing of an intention to nominate that person
 to the office of Auditor has been given not less than fourteen (14) days before the annual
 general meeting and furthermore, the Company shall send a copy of any such notice to the
 retiring Auditor. The Members may, at any general meeting convened and held in accordance
 with these Articles, by Special Resolution remove the Auditor at any time before the expiration
 of his term of office and shall by ordinary resolution at that meeting appoint another Auditor
 in his stead for the remainder of his term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Members may, at any general meeting convened and held in accordance with these Articles,
 by ordinary resolution remove the Auditor at any time before the expiration of his term of
 office and shall by ordinary resolution at that meeting appoint another Auditor in his stead
 for the remainder of his term.

40.2. Subject
 to the Act the accounts of the Company shall be audited at least once in every year.

40.3. The
 remuneration of the Auditor shall be fixed by the Company in general meeting or in such manner
 as the Members may determine.

40.4. If
 the office of auditor becomes vacant by the resignation or death of the Auditor, or by his
 becoming incapable of acting by reason of illness or other disability at a time when his
 services are required, the Directors shall fill the vacancy and determine the remuneration
 of such Auditor.

**NFT Limited**

40.5. The
 Auditor shall at all reasonable times have access to all books kept by the Company and to
 all accounts and vouchers relating thereto; and he may call on the Directors or officers
 of the Company for any information in their possession relating to the books or affairs of
 the Company.

40.6. The
 statement of income and expenditure and the balance sheet provided for by these Articles
 shall be examined by the Auditor and compared by him with the books, accounts and vouchers
 relating thereto; and he shall make a written report thereon stating whether such statement
 and balance sheet are drawn up so as to present fairly the financial position of the Company
 and the results of its operations for the period under review and, in case information shall
 have been called for from Directors or officers of the Company, whether the same has been
 furnished and has been satisfactory. The financial statements of the Company shall be audited
 by the Auditor in accordance with generally accepted auditing standards. The Auditor shall
 make a written report thereon in accordance with generally accepted auditing standards and
 the report of the Auditor shall be submitted to the Members in general meeting. The generally
 accepted auditing standards referred to herein may be those of a country or jurisdiction
 other than the Cayman Islands. If so, the financial statements and the report of the Auditor
 should disclose this fact and name such country or jurisdiction

41. NOTICES

41.1. Any
 Notice or document, whether or not, to be given or issued under these Articles from the Company
 to a Member shall be in writing or by cable, telex or facsimile transmission message or other
 form of electronic transmission or communication and any such Notice and document may be
 served or delivered by the Company on or to any Member either personally or by sending it
 through the post in a prepaid envelope addressed to such Member at his registered address
 as appearing in the Register or at any other address supplied by him to the Company for the
 purpose or, as the case may be, by transmitting it to any such address or transmitting it
 to any telex or facsimile transmission number or electronic number or address or website
 supplied by him to the Company for the giving of Notice to him or which the person transmitting
 the notice reasonably and bona fide believes at the relevant time will result in the Notice
 being duly received by the Member or may also be served by advertisement in appropriate newspapers
 in accordance with the requirements of the Designated Stock Exchange or, to the extent permitted
 by the applicable laws, by placing it on the Company's website and giving to the member
 a notice stating that the notice or other document is available there (a "notice of
 availability"). The notice of availability may be given to the Member by any of the
 means set out above. In the case of joint holders of a share all notices shall be given to
 that one of the joint holders whose name stands first in the Register and notice so given
 shall be deemed a sufficient service on or delivery to all the joint holders.

**NFT Limited**

41.2. Any
 Notice or other document:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 served or delivered by post, shall where appropriate be sent by airmail and shall be deemed
 to have been served or delivered on the day following that on which the envelope containing
 the same, properly prepaid and addressed, is put into the post; in proving such service or
 delivery it shall be sufficient to prove that the envelope or wrapper containing the notice
 or document was properly addressed and put into the post and a certificate in writing signed
 by the Secretary or other officer of the Company or other person appointed by the Board that
 the envelope or wrapper containing the Notice or other document was so addressed and put
 into the post shall be conclusive evidence thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 sent by electronic communication, shall be deemed to be given on the day on which it is transmitted
 from the server of the Company or its agent. A Notice placed on the Company's website
 is deemed given by the Company to a Member on the day following that on which a notice of
 availability is deemed served on the Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 served or delivered in any other manner contemplated by these Articles, shall be deemed to
 have been served or delivered at the time of personal service or delivery or, as the case
 may be, at the time of the relevant despatch or transmission; and in proving such service
 or delivery a certificate in writing signed by the Secretary or other officer of the Company
 or other person appointed by the Board as to the act and time of such service, delivery,
 despatch or transmission shall be conclusive evidence thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) may
 be given to a Member in the English language or such other language as may be approved by
 the Directors, subject to due compliance with all applicable Statutes, rules and regulations.

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

**NFT Limited**

41.4. A
 Notice may be given by the Company to the person entitled to a share in consequence of the
 death, mental disorder or bankruptcy of a Member by sending it through the post in a prepaid
 letter, envelope or wrapper addressed to him by name, or by the title of representative of
 the deceased, or trustee of the bankrupt, or by any like description, at the address, if
 any, supplied for the purpose by the person claiming to be so entitled, or (until such an
 address has been so supplied) by giving the notice in any manner in which the same might
 have been given if the death, mental disorder or bankruptcy had not occurred.

41.5. Any
 person who by operation of law, transfer or other means whatsoever shall become entitled
 to any share shall be bound by every Notice in respect of such share which prior to his name
 and address being entered on the Register shall have been duly given to the person from whom
 he derives his title to such share.

42. SIGNATURES

42.1. For
 the purposes of these Articles, a cable or telex or facsimile or electronic transmission
 message purporting to come from a holder of shares or, as the case may be, a Director, or,
 in the case of a corporation which is a holder of shares from a director or the secretary
 thereof or a duly appointed attorney or duly authorised representative thereof for it and
 on its behalf, shall in the absence of express evidence to the contrary available to the
 person relying thereon at the relevant time be deemed to be a document or instrument in writing
 signed by such holder or Director in the terms in which it is received.

43. WINDING
 UP

43.1. A
 resolution that the Company be wound up by the court or be wound up voluntarily shall be
 a Special Resolution which shall, in this instance, include approval by the two thirds of
 all shareholders of the Company of the Company.

**NFT Limited**

43.2. Subject
 to any special rights, privileges or restrictions as to the distribution of available surplus
 assets on liquidation for the time being attached to any class or classes of shares (i) if
 the Company shall be wound up and the assets available for distribution amongst the Members
 of the Company shall be more than sufficient to repay the whole of the capital paid up at
 the commencement of the winding up, the excess shall be distributed pari passu amongst such
 members in proportion to the amount paid up on the shares held by them respectively and (ii)
 if the Company shall be wound up and the assets available for distribution amongst the Members
 as such shall be insufficient to repay the whole of the paid-up capital such assets shall
 be distributed so that, a nearly as may be, the losses shall be borne by the Members in proportion
 to the capital paid up, or which ought to have been paid up, at the commencement of the winding
 up on the shares held by them respectively.

43.3. If
 the Company shall be wound up (whether the liquidation is voluntary or by the court) the
 liquidator may, with the authority of a Special Resolution and any other sanction required
 by the Act, divide among the Members in specie or kind the whole or any part of the assets
 of the Company and whether or not the assets shall consist of properties of one kind or shall
 consist of properties to be divided as aforesaid of different kinds, and may for such purpose
 set such value as he deems fair upon any one or more class or classes of property and may
 determine how such division shall be carried out as between the Members or different classes
 of Members. The liquidator may, with the like authority, vest any part of the assets in trustees
 upon such trusts for the benefit of the Members as the liquidator with the like authority
 shall think fit, and the liquidation of the Company may be closed and the Company dissolved,
 but so that no contributory shall be compelled to accept any shares or other property in
 respect of which there is a liability.

44. INDEMNITY

44.1. The
 Directors, Secretary and other officers for the time being of the Company and the liquidator
 or trustees (if any) for the time being acting in relation to any of the affairs of the Company
 and everyone of them, and everyone of their heirs, executors and administrators, shall be
 indemnified and secured harmless out of the assets and profits of the Company from and against
 all actions, costs, charges, losses, damages and expenses which they or any of them, their
 or any of their heirs, executors or administrators, shall or may incur or sustain by or by
 reason of any act done, concurred in or omitted in or about the execution of their duty,
 or supposed duty, in their respective offices or trusts; and none of them shall be answerable
 for the acts, receipts, neglects or defaults of the other or others of them or for joining
 in any receipts for the sake of conformity, or for any bankers or other persons with whom
 any moneys or effects belonging to the Company shall or may be lodged or deposited for safe
 custody, or for insufficiency or deficiency of any security upon which any moneys of or belonging
 to the Company shall be placed out on or invested, or for any other loss, misfortune or damage
 which may happen in the execution of their respective offices or trusts, or in relation thereto;
 PROVIDED THAT this indemnity shall not extend to any matter in respect of any fraud or dishonesty
 which may attach to any of said persons.

**NFT Limited**

44.2. Each
 Member agrees to waive any claim or right of action he might have, whether individually or
 by or in the right of the Company, against any Director on account of any action taken by
 such Director, or the failure of such Director to take any action in the performance of his
 duties with or for the Company; PROVIDED THAT such waiver shall not extend to any matter
 in respect of any fraud or dishonesty which may attach to such Director.

45. AMENDMENT
 TO MEMORANDUM AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY

45.1. No
 Article shall be rescinded, altered or amended and no new Article shall be made until the
 same has been approved by a Special Resolution of the Members. A Special Resolution shall
 be required to alter the provisions of the Memorandum of Association or to change the name
 of the Company.

46. INFORMATION

46.1. No
 Member shall be entitled to require discovery of or any information respecting any detail
 of the Company's trading or any matter which is or may be in the nature of a trade
 secret or secret process which may relate to the conduct of the business of the Company and
 which in the opinion of the Directors it will be inexpedient in the interests of the members
 of the Company to communicate to the public.

47. mergers
 and CONSOLIDATIONS

47.1. Subject
 to the Act and these Articles, the Company shall, with the approval of a Special Resolution,
 have the power to merge or consolidate with one or more constituent companies (as defined
 in the Act) upon such terms as the Directors may determine.

48. TRANSFERS
 BY WAY OF CONTINUATION

48.1. Subject
 to the Act and these Articles, the Company shall, with the approval of a Special Resolution,
 have the power to register by way of continuation as a body corporate under the laws of a
 jurisdiction outside of the Cayman Islands and be deregistered in the Cayman Islands.

**Exhibit B**

**Third Amended and Restated Memorandum and Articles of Association**

![](ea028540701_ex99-1img2.jpg)

Third Amended and Restated

Memorandum of Association of

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

Grand Cayman

Cayman Islands

**conyers.com**

**THE COMPANIES ACT (AS REVISED)**

**EXEMPTED COMPANY LIMITED BY SHARES**

**THIRD AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Subject
 to the following provisions of this Memorandum, the Company shall have and be capable of
 exercising all the functions of a natural person of full capacity irrespective of any question
 of corporate benefit, as provided by Section 27(2) of the Companies Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Nothing
 in this Memorandum shall permit the Company to carry on a business for which a licence is
 required under the laws of the Cayman Islands unless duly licensed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The
 Company shall not trade in the Cayman Islands with any person, firm or corporation except
 in furtherance of the business of the Company carried on outside the Cayman Islands; provided
 that nothing in this clause shall be construed as to prevent the Company effecting and concluding
 contracts in the Cayman Islands, and exercising in the Cayman Islands all of its powers necessary
 for the carrying on of its business outside the Cayman Islands.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The
 share capital of the Company is US$5,000,000 divided into 9,000,000,000 Class A ordinary shares
 of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B ordinary shares of a nominal
 or par value of US$0.0005 each.

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

![](ea028540701_ex99-1img2.jpg)

Third Amended and Restated

Articles of Association of

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

Grand Cayman

Cayman Islands

**conyers.com**

**NFT Limited**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **interpretation** | **interpretation** |  |
| **1.** | Definitions | B-7 |
| **2.** | share capital | B-13 |
| **3.** | share rights | B-14 |
| **4.** | variation of rights | B-15 |
| **5.** | POWER TO ISSUE SHARES | B-16 |
| **6.** | SHARE CERTIFICATES | B-17 |
| **7.** | alteration of capital | B-18 |
| **8.** | register of members | B-20 |
| **9.** | RECORD DATES | B-21 |
| **10.** | TRANSFER OF SHARES | B-22 |
| **11.** | transmission of registered shares | B-24 |
| **12.** | Listed Shares | B-25 |
| **13.** | untraceable members | B-25 |
| **14.** | general meetings | B-26 |
| **15.** | NOTICE OF GENERAL MEETING | B-27 |
| **16.** | PROCEEDINGS AT GENERAL MEETINGS | B-28 |
| **17.** | VOTING | B-30 |
| **18.** | PROXIES | B-33 |
| **19.** | CORPORATIONS ACTING BY REPRESENTATIVES | B-35 |
| **20.** | ACTING BY WRITTEN RESOLUTIONS OF MEMBERS | B-35 |
| **21.** | BOARD OF DIRECTORS | B-36 |
| **22.** | RETIREMENT OF DIRECTORS | B-37 |
| **23.** | DISQUALIFICATION OF DIRECTORS | B-38 |
| **24.** | alternate DIRECTORS | B-39 |

---

**NFT Limited**

**25.** DIRECTORS'
 FEES AND EXPENSES B-40

**26.** DIRECTORS'
 INTERESTS B-41

**27.** GENERAL POWERS OF
 THE DIRECTORS' B-43

**28.** BORROWING POWERS B-45

**29.** proceedings of the
 directors B-46

**30.** COMMITTEES B-48

**31.** officers B-49

**32.** MINUTES B-50

**33.** SEAL B-50

**34.** destruction of documents B-51

**35.** DIVIDENDS AND OTHER
 PAYMENTS B-52

**36.** RESERVES B-58

**37.** CAPITALISATION B-59

**38.** ACCOUNTING RECORDS B-59

**40.** AUDIT B-61

**41.** NOTICES B-62

**42.** SIGNATURES B-64

**43.** WINDING UP B-64

**44.** INDEMNITY B-65

**45.** AMENDMENT TO MEMORANDUM
 AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY B-66

**46.** INFORMATION B-66

**47.** mergers and CONSOLIDATIONS B-66

**48.** TRANSFERS BY WAY
 OF CONTINUATION B-66

**NFT Limited**

**THIRD AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

**Table A**

**The regulations in Table A in the First Schedule to the Act (as defined below) do not apply to the Company.**

**interpretation**

1. Definitions

1.1. In
 these Articles, the following words and expressions shall, where not inconsistent with the
 context, have the following meanings, respectively:

---

| | |
|:---|:---|
| **Act** | the Companies Act (As Revised) of the Cayman Islands; |
| **Affiliate** | means with regard to a given Person, a Person that controls, is controlled by or is under common control with the given Person. For purposes of this definition, except as otherwise expressly provided, when used with respect to any Person, "control" means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; |
| **Alternate Director** | an alternate director appointed in accordance with these Articles; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Audit Committee** | the audit committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee; |
| **Auditor** | the independent auditor of the Company which shall be an internationally recognized firm of independent accountants; |
| **Articles** | these Articles of Association as altered, supplemented, amended or substituted from time to time; |
| **Board** | the board of directors (including, for the avoidance of doubt, a sole director) appointed or elected pursuant to these Articles and acting at a meeting of directors at which there is a quorum or by written resolution in accordance with these Articles; |
| **capital** | the share capital from time to time of the Company; |
| **Class A Ordinary Shares** | means the Class A Ordinary shares of a nominal or par value of US$0.0005 each in the capital of the Company having the rights provided for in these Articles; |
| **Class B Ordinary Shares** | means the Class B Ordinary shares of a nominal or par value of US$0.0005 each in the capital of the Company having the rights provided for in these Articles; |
| **clear days** | in relation to the period of a notice, that period excluding the day when the notice is given or deemed to be given and the day for which it is given or on which it is to take effect; |
| **Company** | the company for which these Articles are approved and confirmed; |
| **Compensation Committee** | the compensation committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **competent regulatory** | a competent regulatory authority in the territory; |
| **Conversion Date** | means the day on which that Conversion Notice is delivered; |
| **Conversion Notice** | means a written notice delivered to the Company (and as otherwise stated therein) stating that a holder of Class B Ordinary Shares elects to convert the number of Class B Ordinary Shares specified therein pursuant to Article 3; |
| **Conversion Right** | means the right of any holder of Class B Ordinary Shares, subject to the provisions of these Articles to convert all or any of its Class B Ordinary Shares into Class A Ordinary Shares in its discretion; |
| **debenture and debenture holder** | include debenture stock and debenture stockholder respectively; |
| **Designated Stock Exchange** | **the NYSE American;** |
| **Director** | a director, including a sole director, for the time being of the Company and shall include an Alternate Director; |
| **dollars and $** | dollars, the legal currency of the United States of America; |
| **Exchange Act** | the United States Securities Exchange Act of 1934, as amended; |
| **Electronic, Electronic Record and Electronic Signature** | as such term is defined in the Electronic Transactions Act (As Revised); |
| **Electronic Transactions Act** | means the Electronic Transactions Act (As Revised) of the Cayman Islands. |
| **FINRA** | Financial Industry Regulatory Authority; |
| **FINRA Rules** | the rules set forth by FINRA; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **head office** | such office of the Company as the Directors may from time to time determine to be the principal office of the Company; |
| **Member** | the person registered in the Register of Members as the holder of shares in the Company and, when two or more persons are so registered as joint holders of shares, means the person whose name stands first in the Register of Members as one of such joint holders or all of such persons, as the context so requires; |
| **Memorandum** | the memorandum of association of the Company in their present form or as supplemented or amended or substituted from time to time; |
| **month** | calendar month; |
| **Nomination Committee** | the nomination committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee |
| **Notice** | written notice as further provided in these Articles unless otherwise specifically stated; |
| **Office** | the registered office of the Company for the time being; |
| **Officer** | any person appointed by the Board to hold an office in the Company; |
| **ordinary resolution** | a resolution passed at a general meeting (or, if so specified, a meeting of Members holding a class of shares) of the Company by a simple majority of the votes cast, or a written resolution passed by the unanimous consent of all Members entitled to vote; |
| **paid-up** | paid-up or credited as paid-up; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Person** | means an individual, a partnership, a company, an exempted company, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable law, or any Governmental Authority or any department, agency or political subdivision thereof; |
| **Register** | the principal register and where applicable, any branch register of Members of the Company to be maintained at such place within or outside the Cayman Islands as the Board shall determine from time to time; |
| **Registration Office** | in respect of any class of share capital such place as the Board may from time to time determine to keep a branch register of Members in respect of that class of share capital and where (except in cases where the Board otherwise directs) the transfers or other documents of title for such class of share capital are to be lodged for registration and are to be registered |
| **Register of Directors and Officers** | the register of directors and officers referred to in these Articles; |
| **Register of Members** | the register of members maintained by the Company in accordance with the Act; |
| **Seal** | the common seal or any official or duplicate seal of the Company; |
| **SEC** | the United States Securities and Exchange Commission; |
| **Secretary** | the person appointed to perform any or all of the duties of secretary of the Company and includes any deputy or assistant secretary and any person appointed by the Board to perform any of the duties of the Secretary; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Share and Shares** | a share or shares of any class or series in the share capital of the Company and includes a fraction of a share; |

---

---

| | | |
|:---|:---|:---|
| **Special Resolution** | (i) | a resolution passed by a majority of at least two-thirds of such members as, being entitled to do so, vote in person or by proxy at a general meeting of which notice specifying the intention to propose a resolution as a special resolution has been duly given (and for the avoidance of doubt, unanimity qualifies as a majority); or |
|  | (ii) | a written resolution passed by unanimous consent of all Members entitled to vote; |

---

---

| | |
|:---|:---|
| **Statutes** | the Act and every other law of the Legislature of the Cayman Islands for the time being in force applying to or affecting the Company, its Memorandum of Association and/or these Articles; |
| **written resolution** | a resolution passed in accordance with these Articles; and |
| **year** | calendar year. |

---

1.2. In
 these Articles, where not inconsistent with the context:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words
 denoting the masculine gender include the feminine and neuter genders;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "may"
 shall be construed as permissive; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "shall"
 shall be construed as imperative;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to statutory provision shall be deemed to include any amendment or re-enactment
 thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the
 word "corporation" means corporation whether or not a company within the meaning
 of the Act; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) unless
 otherwise provided herein, words or expressions defined in the Act shall bear the same meaning
 in these Articles.

1.3. In
 these Articles expressions referring to writing or its cognates shall, unless the contrary
 intention appears, include facsimile, printing, lithography, photography, electronic mail
 and other modes of representing words in visible form.

1.4. Headings
 used in these Articles are for convenience only and are not to be used or relied upon in
 the construction hereof.

1.5. References
 to a document being executed include references to it being executed under hand or under
 seal or by Electronic Signature or by any other method and references to a notice or document
 include a notice or document recorded or stored in any digital, electronic, electrical, magnetic
 or other retrievable form or medium and information in visible form whether having physical
 substance or not.

2. share
 capital

2.1. The
 share capital of the Company at the date on which these Articles come into effect shall be
 as stated in clause 8 of the Memorandum.

2.2. Subject
 to the Act, the Company's Memorandum and Articles of Association and, where applicable,
 the rules of the Designated Stock Exchange and/or any competent regulatory authority, the
 Company shall have the power to purchase or otherwise acquire its own shares and such power
 shall be exercisable by the Board in such manner, upon such terms and subject to such conditions
 as it in its absolute discretion thinks fit and any determination by the Board of the manner
 of purchase shall be deemed authorised by these Articles for purposes of the Act.

2.3. No
 share shall be issued to bearer.

**NFT Limited**

3. share
 rights

3.1. Subject
 to the provisions of the Act, the rules of the Designated Stock Exchange, the Company's
 Memorandum and Articles of Association and to any special rights conferred on the holders
 of any shares or class of shares, and without prejudice to Article 5 hereof, the share capital
 of the Company shall be divided into Class A Ordinary Shares and Class B Ordinary Shares
 with the following rights and restrictions attaching:

3.2. **Class A Ordinary Shares**. The Class A Ordinary Shares shall have the following rights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled to one (1) vote per share and to receive notice of, attend at and vote as a Member
 at any general meeting of the Company;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the event of a winding-up or dissolution of the Company, whether voluntary or involuntary
 or for the purpose of a reorganisation or otherwise or upon any distribution of capital,
 after payment first of the nominal amount and any share premium paid up on the Class A Ordinary
 Shares and after payment second of the nominal amount and any share premium paid up on any
 other class of shares in issue, the remaining assets of the Company shall be distributed
 pari passu to the holders of the Class A Ordinary Shares; and

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

3.3. **Class B Ordinary Shares**. The Class B Ordinary Shares shall have the following rights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled to twenty (20) votes per share and to receive notice of, attend at and vote as a
 Member at any general meeting of the Company;

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

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the event of a winding-up or dissolution of the Company, whether voluntary or involuntary
 or for the purpose of a reorganisation or otherwise or upon any distribution of capital,
 after payment first of the nominal amount and any share premium paid up on the Class B Ordinary
 Shares and after payment second of the nominal amount and any share premium paid up on any
 other class of shares in issue, the remaining assets of the Company shall be distributed *pari passu* to the holders of the Class B Ordinary Shares;

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

4. variation
 of rights

4.1. Subject
 to the Act and without prejudice to Article 3, all or any of the special rights for the time
 being attached to the shares or any class of shares may, unless otherwise provided by the
 terms of issue of the shares of that class, from time to time (whether or not the Company
 is being wound up) be varied, modified or abrogated with the sanction of a Special Resolution
 passed at a separate general meeting of the holders of the shares of that class. To every
 such separate general meeting all the provisions of these Articles relating to general meetings
 of the Company shall, mutatis mutandis, apply, but so that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 necessary quorum (whether at a separate general meeting or at its adjourned meeting) shall
 be a person or persons or (in the case of a Member being a corporation) its duly authorized
 representative together holding or representing by proxy not less than one third in nominal
 value of the issued voting shares of that class;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) every
 holder of shares of the class shall be entitled on a poll to one vote for every such share
 held by him; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 holder of shares of the class present in person or by proxy or authorised representative
 may demand a poll.

4.2. The
 special rights conferred upon the holders of any shares or class of shares shall not, unless
 otherwise expressly provided in the rights attaching to or the terms of issue of such shares,
 be deemed to be varied, modified or abrogated by the creation or issue of further shares
 ranking pari passu therewith.

**NFT Limited**

5. POWER
 TO ISSUE SHARES

5.1. Subject
 to the Act, these Articles and, where applicable, the rules of the Designated Stock Exchange
 and without prejudice to any special rights or restrictions for the time being attached to
 any shares or any class of shares, the unissued shares of the Company (whether forming part
 of the original or any increased capital) shall be at the disposal of the Board, which may
 offer, allot, grant options over or otherwise dispose of them to such persons, at such times
 and for such consideration and upon such terms and conditions as the Board may in its absolute
 discretion determine but so that no shares shall be issued at a discount, except in accordance
 with the provisions of Act. In particular and without prejudice to the generality of the
 foregoing, the Board is hereby empowered to authorize by resolution or resolutions from time
 to time the issuance of one or more classes or series of preferred shares and to fix the
 designations, powers, preferences and relative, participating, optional and other rights,
 if any, and the qualifications, limitations and restrictions thereof, if any, including,
 without limitation, the number of shares constituting each such class or series, dividend
 rights, conversion rights, redemption privileges, voting powers, full or limited or no voting
 powers, and liquidation preferences, and to increase or decrease the size of any such class
 or series (but not below the number of shares of any class or series of preferred shares
 then outstanding) to the extent permitted by Act. Without limiting the generality of the
 foregoing, the resolution or resolutions providing for the establishment of any class or
 series of preferred shares may, to the extent permitted by law, provide that such class or
 series shall be superior to, rank equally with or be junior to the preferred shares of any
 other class or series.

5.2. Neither
 the Company nor the Board shall be obliged, when making or granting any allotment of, offer
 of, option over or disposal of shares, to make, or make available, any such allotment, offer,
 option or shares to Members or others with registered addresses in any particular territory
 or territories being a territory or territories where, in the absence of a registration statement
 or other special formalities, this would or might, in the opinion of the Board, be unlawful
 or impracticable. Members affected as a result of the foregoing sentence shall not be, or
 be deemed to be, a separate class of members for any purpose whatsoever.

5.3. The
 Board may issue options, warrants or convertible securities or securities of similar nature
 conferring the right upon the holders thereof to subscribe for, purchase or receive any class
 of shares or securities in the capital of the Company on such terms as it may from time to
 time determine.

5.4. The
 Company may in connection with the issue of any shares exercise all powers of paying commission
 and brokerage conferred or permitted by the Act. Subject to the Act, the commission may be
 satisfied by the payment of cash or by the allotment of fully or partly paid shares or partly
 in one and partly in the other.

**NFT Limited**

5.5. Except
 as required by law, no person shall be recognised by the Company as holding any share upon
 any trust and the Company shall not be bound by or required in any way to recognise (even
 when having notice thereof) any equitable, contingent, future or partial interest in any
 share or any fractional part of a share or (except only as otherwise provided by these Articles
 or by law) any other rights in respect of any share except an absolute right to the entirety
 thereof in the registered holder.

5.6. Subject
 to the Act and these Articles, the Board may at any time after the allotment of shares but
 before any person has been entered in the Register as the holder, recognise a renunciation
 thereof by the allottee in favour of some other person and may accord to any allottee of
 a share a right to effect such renunciation upon and subject to such terms and conditions
 as the Board considers fit to impose

6. SHARE
 CERTIFICATES

6.1. If
 shares are issued in the form of a physical share certificate, every share certificate shall
 be issued under the Seal or a facsimile thereof or with the Seal printed thereon and shall
 specify the number and class and distinguishing numbers (if any) of the shares to which it
 relates, and the amount paid up thereon and may otherwise be in such form as the Directors
 may from time to time determine. No certificate shall be issued representing shares of more
 than one class. The Board may by resolution determine, either generally or in any particular
 case or cases, that any signatures on any such certificates (or certificates in respect of
 other securities) need not be autographic but may be affixed to such certificates by some
 mechanical means or may be printed thereon. Alternatively, shares may be issued via book
 entry form evidenced by a Statement of Account duly maintained and recorded by the Company's
 transfer agent.

6.2. In
 the case of a share held jointly by several persons, the Company shall not be bound to issue
 more than one certificate therefor and delivery of a certificate to one of several joint
 holders shall be sufficient delivery to all such holders.

6.3. Where
 a share stands in the names of two or more persons, the person first named in the Register
 shall as regards service of notices and, subject to the provisions of these Articles, all
 or any other matters connected with the Company, except the transfer of the shares, be deemed
 the sole holder thereof.

6.4. Every
 person whose name is entered, upon an allotment of shares, as a Member in the Register shall
 be entitled, upon payment of such fee as the Directors may from time to time determine, to
 receive one certificate for all such shares of any one class or several certificates each
 for one or more of such shares of such class upon payment for every certificate of such fee
 as the Directors may from time to time determine.

**NFT Limited**

6.5. Where
 applicable, share certificates shall be issued within the relevant time limit as prescribed
 by the Act or as the Designated Stock Exchange may from time to time determine, whichever
 is the shorter, after allotment or, except in the case of a transfer which the Company is
 for the time being entitled to refuse to register and does not register, after lodgment of
 a transfer with the Company.

6.6. Upon
 every transfer of shares the certificate (if any) held by the transferor shall be given up
 to be cancelled, and shall forthwith be cancelled accordingly, and, subject to Article 6.4,
 a new certificate shall be issued to the transferee in respect of the shares transferred
 to him. If any of the shares included in the certificate so given up shall be retained by
 the transferor a new certificate for the balance shall be issued to him at the aforesaid
 fee payable by the transferor to the Company in respect thereof.

6.7. If
 a share certificate shall be damaged or defaced or alleged to have been lost, stolen or destroyed
 a new certificate representing the same shares may be issued to the relevant Member upon
 request and on payment of such fee as the Company may determine and, subject to compliance
 with such terms (if any) as to evidence and indemnity and to payment of the costs and reasonable
 out of pocket expenses of the Company in investigating such evidence and preparing such indemnity
 as the Board may think fit and, in case of damage or defacement, on delivery of the old certificate
 to the Company provided always that where share warrants have been issued, no new share warrant
 shall be issued to replace one that has been lost unless the Board has determined that the
 original has been destroyed.

7. alteration
 of capital

7.1. Subject
 to the Act, the Company may from time to time by ordinary resolution alter the conditions
 of its Memorandum of Association to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase
 its capital by such sum, to be divided into shares of such amounts, as the resolution shall
 prescribe;

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

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without
 prejudice to the powers of the Board under Article 5, divide its shares into several classes
 and without prejudice to any special rights previously conferred on the holders of existing
 shares attach thereto respectively any preferential, deferred, qualified or special rights,
 privileges, conditions or such restrictions which in the absence of any such determination
 by the Company in general meeting, as the Directors may determine provided always that, for
 the avoidance of doubt, where a class of shares has been authorized by the Company no resolution
 of the Company in general meeting is required for the issuance of shares of that class and
 the Directors may issue shares of that class and determine such rights, privileges, conditions
 or restrictions attaching thereto as aforesaid, and further provided that where the Company
 issues shares which do not carry voting rights, the words "non voting" shall
 appear in the designation of such shares and where the equity capital includes shares with
 different voting rights, the designation of each class of shares, other than those with the
 most favourable voting rights, must include the words "restricted voting" or
 "limited voting";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) subdivide
 its shares, or any of them, into shares of smaller amount than is fixed by the Company's
 Memorandum of Association (subject, nevertheless, to the Act), and may by such resolution
 determine that, as between the holders of the shares resulting from such subdivision, one
 or more of the shares may have any such preferred, deferred or other rights or be subject
 to any such restrictions as compared with the other or others as the Company has power to
 attach to unissued or new shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) cancel
 any shares which, at the date of the passing of the resolution, have not been taken, or agreed
 to be taken, by any person, and diminish the amount of its capital by the amount of the shares
 so cancelled or, in the case of shares, without par value, diminish the number of shares
 into which its capital is divided.

7.2. The
 Board may settle as it considers expedient any difficulty which arises in relation to any
 consolidation and division under the last preceding Article and in particular but without
 prejudice to the generality of the foregoing may issue certificates in respect of fractions
 of shares or arrange for the sale of the shares representing fractions and the distribution
 of the net proceeds of sale (after deduction of the expenses of such sale) in due proportion
 amongst the Members who would have been entitled to the fractions, and for this purpose the
 Board may authorise some person to transfer the shares representing fractions to their purchaser
 or resolve that such net proceeds be paid to the Company for the Company's benefit.
 Such purchaser will not be bound to see to the application of the purchase money nor will
 his title to the shares be affected by any irregularity or invalidity in the proceedings
 relating to the sale.

**NFT Limited**

7.3. The
 Company may from time to time by Special Resolution, subject to any confirmation or consent
 required by the Act, reduce its share capital or any capital redemption reserve or other
 undistributable reserve in any manner permitted by law.

7.4. Except
 so far as otherwise provided by the conditions of issue, or by these Articles, any capital
 raised by the creation of new shares shall be treated as if it formed part of the original
 capital of the Company, and such shares shall be subject to the provisions contained in these
 Articles

8. register
 of members

8.1. The
 Company shall cause to be kept in one or more books a Register of Members which may be kept
 in or outside the Cayman Islands at such place as the Board shall appoint and shall enter
 therein the following particulars:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 name and address of each Member, the number, and (where appropriate) the class of shares
 held by such Member and the amount paid or agreed to be considered as paid on such shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether
 the shares held by a Member carry voting rights under the Articles and, if so, whether such
 voting rights are conditional;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 date on which each person was entered in the Register of Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 date on which any person ceased to be a Member.

8.2. The
 Company may cause to be kept in any country or territory one or more branch registers of
 such category or categories of members as the Board may determine from time to time and any
 branch register shall be deemed to be part of the Company's Register of Members.

8.3. Any
 register maintained by the Company in respect of listed shares may be kept by recording the
 particulars set out in Article 8.1 in a form otherwise than legible if such recording otherwise
 complies with the laws applicable to and the rules and regulations of the relevant approved
 stock exchange.

**NFT Limited**

8.4. The
 Register and branch register of Members, as the case may be, shall be open to inspection
 for such times and on such days as the Board shall determine by Members without charge or
 by any other person, upon a maximum payment of $2.50 or such other sum specified by the Board,
 at the Office or Registration Office or such other place at which the Register is kept in
 accordance with the Act. The Register including any overseas or local or other branch register
 of Members may, subject to compliance with any notice requirement of the Designated Stock
 Exchange, be closed at such times or for such periods not exceeding in the whole thirty (30)
 days in each year as the Board may determine and either generally or in respect of any class
 of shares.

9. RECORD
 DATES

9.1. For
 the purpose of determining the Members entitled to notice of or to vote at any general meeting,
 or any adjournment thereof, or entitled to express consent to corporate action in writing
 without a meeting, or entitled to receive payment of any dividend or other distribution or
 allotment of any rights, or entitled to exercise any rights in respect of any change, conversion
 or exchange of shares or for the purpose of any other lawful action, the Board may fix, in
 advance, a date as the record date for any such determination of Members, which date shall
 not be more than sixty (60) days nor less than ten (10) days before the date of such meeting,
 nor more than sixty (60) days prior to any other such action.

9.2. If
 the Board does not fix a record date for any general meeting, the record date for determining
 the Members entitled to a notice of or to vote at such meeting shall be at the close of business
 on the day next preceding the day on which notice is given, or, if in accordance with these
 Articles notice is waived, at the close of business on the day next preceding the day on
 which the meeting is held. If corporate action without a general meeting is to be taken,
 the record date for determining the Members entitled to express consent to such corporate
 action in writing, when no prior action by the Board is necessary, shall be the first date
 on which a signed written consent setting forth the action taken or proposed to be taken
 is delivered to the Company by delivery to its head office. The record date for determining
 the Members for any other purpose shall be at the close of business on the day on which the
 Board adopts the resolution relating thereto.

9.3. A
 determination of the Members of record entitled to notice of or to vote at a meeting of the
 Members shall apply to any adjournment of the meeting; provided, however, that the Board
 may fix a new record date for the adjourned meeting.

**NFT Limited**

10. TRANSFER
 OF SHARES

10.1. Subject
 to these Articles and the requirements of the Designated Stock Exchange, any Member may transfer
 all or any of his shares by an instrument of transfer in the usual or common form or in a
 form prescribed by the Designated Stock Exchange or in any other form approved by the Board
 and may be under hand or, if the transferor or transferee is a clearing house or a central
 depository house or its nominee(s), by hand or by machine imprinted signature or by Electronic
 Signature or by such other manner of execution as the Board may approve from time to time.

10.2. The
 instrument of transfer shall be executed by or on behalf of the transferor and the transferee
 provided that the Board may dispense with the execution of the instrument of transfer by
 the transferee in any case which it thinks fit in its discretion to do so. Without prejudice
 to the last preceding Article, the Board may also resolve, either generally or in any particular
 case, upon request by either the transferor or transferee, to accept mechanically executed
 transfers. The transferor shall be deemed to remain the holder of the share until the name
 of the transferee is entered in the Register in respect thereof. Nothing in these Articles
 shall preclude the Board from recognising a renunciation of the allotment or provisional
 allotment of any share by the allottee in favour of some other person.

10.3. The
 Board may, in its absolute discretion, and without giving any reason therefor, refuse to
 register a transfer of any share made in accordance with Article 10.2 but only where such
 share is not a fully paid up share (and being transferred to a person of whom it does not
 approve), or any share issued under any share incentive scheme for employees or pursuant
 to any other agreement, contract or other such arrangement, upon which a restriction on transfer
 imposed thereby still subsists, and it may also, without prejudice to the foregoing generality,
 refuse to register a transfer of any share to more than four joint holders.

10.4. The
 Board in so far as permitted by any applicable law may, in its absolute discretion, at any
 time and from time to time transfer any share upon the Register to any branch register or
 any share on any branch register to the Register or any other branch register. In the event
 of any such transfer, the shareholder requesting such transfer shall bear the cost of effecting
 the transfer unless the Board otherwise determines.

**NFT Limited**

10.5. Unless
 the Board otherwise agrees (which agreement may be on such terms and subject to such conditions
 as the Board in its absolute discretion may from time to time determine, and which agreement
 the Board shall, without giving any reason therefore, be entitled in its absolute discretion
 to give or withhold), no shares upon the Register shall be transferred to any branch register
 nor shall shares on any branch register be transferred to the Register or any other branch
 register and all transfers and other documents of title shall be lodged for registration,
 and registered, in the case of any shares on a branch register, at the relevant Registration
 Office, and, in the case of any shares on the Register, at the Office or such other place
 at which the Register is kept in accordance with the Act.

10.6. Without
 limiting the generality of the last preceding Article, the Board may decline to recognise
 any instrument of transfer unless:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 instrument of transfer is in respect of only one class of share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 instrument of transfer is lodged at the Office or such other place at which the Register
 is kept in accordance with the Act or the Registration Office (as the case may be) accompanied
 by the relevant share certificate(s) and such other evidence as the Board may reasonably
 require to show the right of the transferor to make the transfer (and, if the instrument
 of transfer is executed by some other person on his behalf, the authority of that person
 so to do);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if
 applicable, the instrument of transfer is duly and properly stamped; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 transfer is not to more than four joint holders;

10.7. If
 the Board refuses to register a transfer of any share, it shall, within one month after the
 date on which the transfer was lodged with the Company, send to each of the transferor and
 transferee notice of the refusal.

10.8. The
 registration of transfers of shares or of any class of shares may, on fourteen (14) days'
 calendar notice being given by advertisement in such one or more newspapers or by electronic
 means, be suspended and the register closed at such times and for such periods as the Board
 may from time to time determine, provided, however, that the registration of transfers shall
 not be suspended nor the register closed for more than thirty (30) calendar days in any year.

**NFT Limited**

11. transmission
 of registered shares

11.1. In
 the case of the death of a Member, the survivor or survivors where the deceased Member was
 a joint holder, and the legal personal representatives of the deceased Member where the deceased
 Member was a sole holder, shall be the only persons recognised by the Company as having any
 title to the deceased Member's interest in the shares. Nothing herein contained shall
 release the estate of a deceased joint holder from any liability in respect of any share
 which had been jointly held by such deceased Member with other persons. Subject to the provisions
 of Section 39 of the Act, for the purpose of this Article, legal personal representative
 means the executor or administrator of a deceased Member or such other person as the Board
 may, in its absolute discretion, decide as being properly authorised to deal with the shares
 of a deceased Member.

11.2. Any
 person becoming entitled to a share in consequence of the death or bankruptcy of any Member
 may be registered as a Member upon such evidence as the Board may deem sufficient or may
 elect to nominate some person to be registered as a transferee of such share. If he elects
 to become the holder he shall notify the Company in writing either at the Registration Office
 or Office, as the case may be, to that effect. If he elects to have another person registered
 he shall execute a transfer of the share in favour of that person. The provisions of these
 Articles relating to the transfer and registration of transfers of shares shall apply to
 such notice or transfer as aforesaid as if the death or bankruptcy of the Member had not
 occurred and the notice or transfer were a transfer signed by such Member.

11.3. A
 person becoming entitled to a share by reason of the death or bankruptcy or winding-up of
 a Member shall be entitled to the same dividends and other advantages to which he would be
 entitled if he were the registered holder of the share. However, the Board may, if it thinks
 fit, withhold the payment of any dividend payable or other advantages in respect of such
 share until such person shall become the registered holder of the share or shall have effectually
 transferred such share, but, subject to the requirements of Article 17.12 being met, such
 a person may vote at meetings.

**NFT Limited**

12. Listed
 Shares

12.1. Notwithstanding
 anything to the contrary in these Articles, shares that are listed or admitted to trading
 on an approved stock exchange may be evidenced and transferred in accordance with the rules
 and regulations of such exchange.

13. untraceable
 members

13.1. Without
 prejudice to the rights of the Company under Article 13.2, the Company may cease sending
 cheques for dividend entitlements or dividend warrants by post if such cheques or warrants
 have been left uncashed on two consecutive occasions. However, the Company may exercise the
 power to cease sending cheques for dividend entitlements or dividend warrants after the first
 occasion on which such a cheque or warrant is returned undelivered.

13.2. The
 Company shall have the power to sell, in such manner as the Board thinks fit, any shares
 of a Member who is untraceable, but no such sale shall be made unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 cheques or warrants in respect of dividends of the shares in question, being not less than
 three in total number, for any sum payable in cash to the holder of such shares in respect
 of them sent during the relevant period in the manner authorised by the Articles have remained
 uncashed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) so
 far as it is aware at the end of the relevant period, the Company has not at any time during
 the relevant period received any indication of the existence of the Member who is the holder
 of such shares or of a person entitled to such shares by death, bankruptcy or operation of
 law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company, if so required by the rules governing the listing of shares on the Designated Stock
 Exchange, has given notice to, and caused advertisement in newspapers to be made in accordance
 with the requirements of, the Designated Stock Exchange of its intention to sell such shares
 in the manner required by the Designated Stock Exchange, and a period of three (3) months
 or such shorter period as may be allowed by the Designated Stock Exchange has elapsed since
 the date of such advertisement.

For the purpose of the foregoing, the "relevant period" means the period commencing twelve (12) years before the date of publication of the advertisement referred to in paragraph (c) of this Article and ending at the expiry of the period referred to in that paragraph.

**NFT Limited**

13.3. To
 give effect to any such sale the Board may authorise some person to transfer the said shares
 and an instrument of transfer signed or otherwise executed by or on behalf of such person
 shall be as effective as if it had been executed by the registered holder or the person entitled
 by transmission to such shares, and the purchaser shall not be bound to see to the application
 of the purchase money nor shall his title to the shares be affected by any irregularity or
 invalidity in the proceedings relating to the sale. The net proceeds of the sale will belong
 to the Company and upon receipt by the Company of such net proceeds it shall become indebted
 to the former Member for an amount equal to such net proceeds. No trust shall be created
 in respect of such debt and no interest shall be payable in respect of it and the Company
 shall not be required to account for any money earned from the net proceeds which may be
 employed in the business of the Company or as it thinks fit. Any sale under this Article
 13 shall be valid and effective notwithstanding that the Member holding the shares sold is
 dead, bankrupt or otherwise under any legal disability or incapacity.

14. general
 meetings

14.1. An
 annual general meeting of the Company shall be held in each year other than the year in which
 these Articles were adopted at such time and place as may be determined by the Board.

14.2. Each
 general meeting, other than an annual general meeting, shall be called an extraordinary general
 meeting. Extraordinary general meetings may be held at such times and in any location in
 the world as may be determined by the Board. To the extent that Members hold in aggregate
 less than thirty percent (30%) of the outstanding voting shares in the Company, they cannot:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Call
 general meetings or annual general meetings; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Include
 matters for consideration at shareholder meetings.

14.3. Only
 a majority of the Board may call extraordinary general meetings, which extraordinary general
 meetings shall be held at such times and locations (as permitted hereby) as such person or
 persons shall determine.

**NFT Limited**

14.4. The
 Board shall, on the requisition of Members holding at the date of the deposit of the requisition
 not less than one-tenth of such of the paid-up share capital of the Company as at the date
 of the deposit carries the right to vote at general meetings, forthwith proceed to convene
 an extraordinary general meeting. To be effective the requisition shall state the objects
 of the meeting, shall be in writing, signed by the requisitionists, and shall be deposited
 at the registered office. The requisition may consist of several documents in like form each
 signed by one or more requisitionists.

14.5. If
 the Board does not, within twenty-one days from the date of the requisition, duly proceed
 to call an extraordinary general meeting, the requisitionists, or any of them representing
 more than one half of the total voting rights of all of them, may themselves convene an extraordinary
 general meeting; but any meeting so called shall not be held more than ninety days after
 the requisition. An extraordinary general meeting called by requisitionists shall be called
 in the same manner, as nearly as possible, as that in which general meetings are to be called
 by the Board.

15. NOTICE
 OF GENERAL MEETING

15.1. Any
 general meeting (whether an annual general meeting or an extraordinary general meeting) may
 be called by not less than (i) ten (10) clear days' Notice in the case of an annual
 general meeting or (ii) fourteen (14) clear days' Notice in the case of an extraordinary
 general meeting, save that any such annual or extraordinary general meeting may be called
 by shorter notice, subject to the Act, if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a meeting called as an annual general meeting, by all the Members entitled to
 attend and vote thereat; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of any other meeting, by a majority in number of the Members having the right to
 attend and vote at the meeting, being a majority together holding not less than ninety five
 per cent. (95%) in nominal value of the issued shares giving that right.

15.2. The
 Notice shall specify the time and place of the meeting and, in the case of special business,
 the general nature of the business to be conducted and further, in the case of any matter
 for which approval by Special Resolution shall be required, the intention to propose such
 a Special Resolution. The Notice convening an annual general meeting shall specify the meeting
 as such. Notice of every general meeting shall be given to all Members other than to such
 Members as, under the provisions of these Articles or the terms of issue of the shares they
 hold, are not entitled to receive such notices from the Company, to all persons entitled
 to a share in consequence of the death or bankruptcy or winding up of a Member and to each
 of the Directors and the Auditors.

**NFT Limited**

15.3. A
 Member may give notice to the Company of business proposed to be brought before an annual
 general meeting provided that such notice of proposal of business must be delivered to, or
 mailed and received at the principal executive offices of the Company not less than ninety
 (90) days and not more than one hundred and twenty (120) days prior to the one-year anniversary
 of the preceding year's annual general meeting; provided, however, that if the date
 of the annual general meeting is more than thirty (30) days before or more than sixty (60)
 days after such anniversary date, such notice by the Member, to be timely, must be so delivered,
 or so mailed and received, not later than the ninetieth (90th) day prior to such annual general
 meeting or, if later, the tenth (10th) day following the day on which "public disclosure"
 of the date of such meeting was first made by the Company (such notice within such time periods,
 "Timely Notice"). In no event shall any adjournment or postponement of an annual
 general meeting, or the announcement thereof, commence a new time period (or extend any time
 period) for the giving of Timely Notice as described above. For purposes of these Articles,
 "public disclosure" shall mean disclosure in a press release reported by a national
 news service or in a document publicly filed by the Company with the SEC pursuant to Sections
 13, 14 or 15(d) of the Exchange Act or publicly filed according to applicable law.

15.4. The
 accidental omission to give Notice of a meeting or (in cases where instruments of proxy are
 sent out with the Notice) to send such instrument of proxy to, or the non receipt of such
 Notice or such instrument of proxy by, any person entitled to receive such Notice shall not
 invalidate any resolution passed or the proceedings at that meeting.

16. PROCEEDINGS
 AT GENERAL MEETINGS

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) appointment
 of Auditors (where special notice of the intention for such appointment is not required by
 the Act) and other officers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 fixing of the remuneration of the Auditors, and the voting of remuneration or extra remuneration
 to the Directors.

**NFT Limited**

16.2. No
 business other than the appointment of a chairman of a meeting shall be transacted at any
 general meeting unless a quorum is present at the commencement of the business. At any general
 meeting of the Company, one (1) Member entitled to vote and present in person or by proxy
 or (in the case of a Member being a corporation) by its duly authorised representative representing
 not less than one-third in nominal value of the total issued voting shares in the Company
 throughout the meeting shall form a quorum for all purposes.

16.3. If
 within fifteen (15) minutes from the time appointed for the meeting a quorum is not present,
 the meeting, if convened upon the requisition of shareholders, shall be cancelled. In any
 other case it shall stand adjourned to the same time and place seven days or to such other
 time or place as is determined by the Directors. If at such adjourned meeting a quorum is
 not present within half an hour from the time appointed for holding the meeting, the meeting
 shall be dissolved. The Chairman may, with the consent of a meeting at which a quorum is
 present, adjourn the meeting. When a meeting is adjourned for seven (7) days or more, notice
 of the adjourned meeting shall be given in accordance with the articles.

16.4. The
 chairman of the Board shall preside as chairman at every general meeting. If at any meeting
 the chairman is not present within fifteen (15) minutes after the time appointed for holding
 the meeting, or is not willing to act as chairman, the Directors present shall choose one
 of their number to act, or if one Director only is present he shall preside as chairman if
 willing to act. If no Director is present, or if each of the Directors present declines to
 take the chair, or if the chairman chosen shall retire from the chair, the Members present
 in person or (in the case of a Member being a corporation) by its duly authorised representative
 or by proxy and entitled to vote shall elect one of their number to be chairman.

16.5. The
 chairman may adjourn the meeting from time to time and from place to place, but no business
 shall be transacted at any adjourned meeting other than the business which might lawfully
 have been transacted at the meeting had the adjournment not taken place. When a meeting is
 adjourned for fourteen (14) days or more, at least seven (7) clear days' notice of
 the adjourned meeting shall be given specifying the time and place of the adjourned meeting
 but it shall not be necessary to specify in such notice the nature of the business to be
 transacted at the adjourned meeting and the general nature of the business to be transacted.
 Save as aforesaid, it shall be unnecessary to give notice of an adjournment.

**NFT Limited**

16.6. If
 an amendment is proposed to any resolution under consideration but is in good faith ruled
 out of order by the chairman of the meeting, the proceedings on the substantive resolution
 shall not be invalidated by any error in such ruling. In the case of a resolution duly proposed
 as a Special Resolution, no amendment thereto (other than a mere clerical amendment to correct
 a patent error) may in any event be considered or voted upon.

17. VOTING

17.1. Subject
 to any special rights or restrictions as to voting for the time being attached to any shares
 by or in accordance with these Articles (including without limitation any enhanced voting
 rights as may be provided for in Article 3), at any general meeting on a show of hands every
 holder of Class A Ordinary Shares present in person (or being a corporation, is present by
 a duly authorised representative), or by proxy shall have one (1) vote and every holder of
 Class B Ordinary Shares present in person (or being a corporation, is present by a duly authorised
 representative), or by proxy shall have twenty (20) votes per share; and on a poll every
 Member present in person or by proxy or, in the case of a Member being a corporation, by
 its duly authorised representative shall have one (1) vote in the case of holders of Class
 A Ordinary Shares and twenty (20) votes in the case of holders of Class B Ordinary Shares
 for every share of which he is the holder, but so that no amount paid up or credited as paid
 up on a share in advance of calls or instalments is treated for the foregoing purposes as
 paid up on the share. Notwithstanding anything contained in these Articles, where more than
 one proxy is appointed by a Member which is a clearing house or a central depository house
 (or its nominee(s)), each such proxy shall have one vote on a show of hands. A resolution
 put to the vote of a meeting shall be decided on a show of hands unless (before or on the
 declaration of the result of the show of hands or on the withdrawal of any other demand for
 a poll) a poll is demanded:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 at least three Members present in person or (in the case of a Member being a corporation)
 by its duly authorised representative or by proxy for the time being entitled to vote at
 the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) by
 a Member or Members present in person or (in the case of a Member being a corporation) by
 its duly authorised representative or by proxy and representing not less than one tenth of
 the total voting rights of all Members having the right to vote at the meeting; or

**NFT Limited**

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

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

A demand by a person as proxy for a Member or in the case of a Member being a corporation by its duly authorised representative shall be deemed to be the same as a demand by a Member.

17.2. Unless
 a poll is duly demanded and the demand is not withdrawn, a declaration by the chairman that
 a resolution has been carried, or carried unanimously, or by a particular majority, or not
 carried by a particular majority, or lost, and an entry to that effect made in the minute
 book of the Company, shall be conclusive evidence of the facts without proof of the number
 or proportion of the votes recorded for or against the resolution.

17.3. If
 a poll is duly demanded the result of the poll shall be deemed to be the resolution of the
 meeting at which the poll was demanded. There shall be no requirement for the chairman to
 disclose the voting figures on a poll.

17.4. A
 poll demanded on the election of a chairman, or on a question of adjournment, shall be taken
 forthwith. A poll demanded on any other question shall be taken in such manner (including
 the use of ballot or voting papers or tickets) and either forthwith or at such time (being
 not later than thirty (30) days after the date of the demand) and place as the chairman directs.
 It shall not be necessary (unless the chairman otherwise directs) for notice to be given
 of a poll not taken immediately.

17.5. The
 demand for a poll shall not prevent the continuance of a meeting or the transaction of any
 business other than the question on which the poll has been demanded, and, with the consent
 of the chairman, it may be withdrawn at any time before the close of the meeting or the taking
 of the poll, whichever is the earlier.

**NFT Limited**

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

17.7. A
 person entitled to more than one vote on a poll need not use all his votes or cast all the
 votes he uses in the same way.

17.8. All
 questions submitted to a meeting shall be decided by a simple majority of votes except where
 a greater majority is required by these Articles or by the Act. In the case of an equality
 of votes, whether on a show of hands or on a poll, the chairman of such meeting shall be
 entitled to a second or casting vote in addition to any other vote he may have.

17.9. Where
 there are joint holders of any share any one of such joint holders may vote, either in person
 or by proxy, in respect of such share as if he were solely entitled thereto, but if more
 than one of such joint holders be present at any meeting the vote of the senior holder who
 tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the
 votes of the other joint holders, and for this purpose seniority shall be determined by the
 order in which the names stand in the Register in respect of the joint holding. Several executors
 or administrators of a deceased Member in whose name any share stands shall for the purposes
 of this Article be deemed joint holders thereof.

17.10. A
 Member who is a patient for any purpose relating to mental health or in respect of whom an
 order has been made by any court having jurisdiction for the protection or management of
 the affairs of persons incapable of managing their own affairs may vote, whether on a show
 of hands or on a poll, by his receiver, committee, curator bonis or other person in the nature
 of a receiver, committee or curator bonis appointed by such court, and such receiver, committee,
 curator bonis or other person may vote on a poll by proxy, and may otherwise act and be treated
 as if he were the registered holder of such shares for the purposes of general meetings,
 provided that such evidence as the Board may require of the authority of the person claiming
 to vote shall have been deposited at the Office, head office or Registration Office, as appropriate,
 not less than forty eight (48) hours before the time appointed for holding the meeting, or
 adjourned meeting or poll, as the case may be.

17.11. Any
 person entitled under Article 17.9 to be registered as the holder of any shares may vote
 at any general meeting in respect thereof in the same manner as if he were the registered
 holder of such shares, provided that forty eight (48) hours at least before the time of the
 holding of the meeting or adjourned meeting, as the case may be, at which he proposes to
 vote, he shall satisfy the Board of his entitlement to such shares, or the Board shall have
 previously admitted his right to vote at such meeting in respect thereof.

**NFT Limited**

17.12. No
 Member shall, unless the Board otherwise determines, be entitled to attend and vote and to
 be reckoned in a quorum at any general meeting unless he is duly registered and all calls
 or other sums presently payable by him in respect of shares in the Company have been paid.

17.13. If:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 objection shall be raised to the qualification of any voter; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 votes have been counted which ought not to have been counted or which might have been rejected;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 votes are not counted which ought to have been counted;

the objection or error shall not vitiate the decision of the meeting or adjourned meeting on any resolution unless the same is raised or pointed out at the meeting or, as the case may be, the adjourned meeting at which the vote objected to is given or tendered or at which the error occurs. Any objection or error shall be referred to the chairman of the meeting and shall only vitiate the decision of the meeting on any resolution if the chairman decides that the same may have affected the decision of the meeting. The decision of the chairman on such matters shall be final and conclusive.

18. PROXIES

18.1. Any
 Member entitled to attend and vote at a meeting of the Company shall be entitled to appoint
 another person as his proxy to attend and vote instead of him. A Member who is the holder
 of two or more shares may appoint more than one proxy to represent him and vote on his behalf
 at a general meeting of the Company or at a class meeting. A proxy need not be a Member.
 In addition, a proxy or proxies representing either a Member who is an individual or a Member
 which is a corporation shall be entitled to exercise the same powers on behalf of the Member
 which he or they represent as such Member could exercise.

18.2. The
 instrument appointing a proxy shall be in writing under the hand of the appointor or of his
 attorney duly authorised in writing or, if the appointor is a corporation, either under its
 seal or under the hand of an officer, attorney or other person authorised to sign the same.
 In the case of an instrument of proxy purporting to be signed on behalf of a corporation
 by an officer thereof it shall be assumed, unless the contrary appears, that such officer
 was duly authorised to sign such instrument of proxy on behalf of the corporation without
 further evidence of the facts.

**NFT Limited**

18.3. The
 instrument appointing a proxy and (if required by the Board) the power of attorney or other
 authority (if any) under which it is signed, or a certified copy of such power or authority,
 shall be delivered to such place or one of such places (if any) as may be specified for that
 purpose in or by way of note to or in any document accompanying the notice convening the
 meeting (or, if no place is so specified at the Registration Office or the Office, as may
 be appropriate) not less than forty eight (48) hours before the time appointed for holding
 the meeting or adjourned meeting at which the person named in the instrument proposes to
 vote or, in the case of a poll taken subsequently to the date of a meeting or adjourned meeting,
 not less than twenty four (24) hours before the time appointed for the taking of the poll
 and in default the instrument of proxy shall not be treated as valid. No instrument appointing
 a proxy shall be valid after the expiration of twelve (12) months from the date named in
 it as the date of its execution, except at an adjourned meeting or on a poll demanded at
 a meeting or an adjourned meeting in cases where the meeting was originally held within twelve
 (12) months from such date. Delivery of an instrument appointing a proxy shall not preclude
 a Member from attending and voting in person at the meeting convened and in such event, the
 instrument appointing a proxy shall be deemed to be revoked.

18.4. Instruments
 of proxy shall be in any common form or in such other form as the Board may approve (provided
 that this shall not preclude the use of the two way form) and the Board may, if it thinks
 fit, send out with the notice of any meeting forms of instrument of proxy for use at the
 meeting. The instrument of proxy shall be deemed to confer authority to demand or join in
 demanding a poll and to vote on any amendment of a resolution put to the meeting for which
 it is given as the proxy thinks fit. The instrument of proxy shall, unless the contrary is
 stated therein, be valid as well for any adjournment of the meeting as for the meeting to
 which it relates.

18.5. A
 vote given in accordance with the terms of an instrument of proxy shall be valid notwithstanding
 the previous death or insanity of the principal, or revocation of the instrument of proxy
 or of the authority under which it was executed, provided that no intimation in writing of
 such death, insanity or revocation shall have been received by the Company at the Office
 or the Registration Office (or such other place as may be specified for the delivery of instruments
 of proxy in the notice convening the meeting or other document sent therewith) two (2) hours
 at least before the commencement of the meeting or adjourned meeting, or the taking of the
 poll, at which the instrument of proxy is used.

**NFT Limited**

18.6. Anything
 which under these Articles a Member may do by proxy he may likewise do by his duly appointed
 attorney and the provisions of these Articles relating to proxies and instruments appointing
 proxies shall apply mutatis mutandis in relation to any such attorney and the instrument
 under which such attorney is appointed.

19. CORPORATIONS
 ACTING BY REPRESENTATIVES

19.1. Any
 corporation which is a Member may by resolution of its directors or other governing body
 authorise such person as it thinks fit to act as its representative at any meeting of the
 Company or at any meeting of any class of Members. The person so authorised shall be entitled
 to exercise the same powers on behalf of such corporation as the corporation could exercise
 if it were an individual Member and such corporation shall for the purposes of these Articles
 be deemed to be present in person at any such meeting if a person so authorised is present
 thereat.

19.2. If
 a clearing house (or its nominee(s)) or a central depository, being a corporation, is a Member,
 it may authorise such persons as it thinks fit to act as its representatives at any meeting
 of the Company or at any meeting of any class of Members provided that the authorisation
 shall specify the number and class of shares in respect of which each such representative
 is so authorised. Each person so authorised under the provisions of this Article shall be
 deemed to have been duly authorised without further evidence of the facts and be entitled
 to exercise the same rights and powers on behalf of the clearing house or central depository
 (or its nominee(s)) as if such person was the registered holder of the shares of the Company
 held by the clearing house or central depository (or its nominee(s)) including the right
 to vote individually on a show of hands.

19.3. Any
 reference in these Articles to a duly authorised representative of a Member being a corporation
 shall mean a representative authorised under the provisions of this Article.

20. ACTING
 BY WRITTEN RESOLUTIONS OF MEMBERS

20.1. Members
 may pass a resolution in writing without holding a meeting if the following conditions are
 met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 Members entitled to vote are given notice of the resolution as if the same were being proposed
 at a meeting of Members;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 Members entitled so to vote:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sign
 a document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) sign
 several documents in the like form each signed by one or more of those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 signed document or documents is or are delivered to the Company, including, if the Company
 so nominates, by delivery of an Electronic Record by Electronic means to the address specified
 for that purpose.

Such written resolution shall be as effective as if it had been passed at a meeting of the Members entitled to vote duly convened and held.

21. BOARD
 OF DIRECTORS

21.1. Unless
 otherwise determined by the Company in general meeting, the number of Directors shall not
 be less than two (2). There shall be no maximum number of Directors unless otherwise determined
 from time to time by the Members in general meeting. The Directors shall be elected or appointed
 in the first place by the subscribers to the Memorandum of Association or by a majority of
 them and thereafter in accordance with Article 21.3. At any one time, at least majority of
 the Board of Directors shall be Independent Directors.

21.2. Subject
 to the Articles and the Act, the Company may by ordinary resolution elect any person to be
 a Director either to fill a casual vacancy or as an addition to the existing Board. Any Director
 so appointed shall hold office only until the next following annual general meeting of the
 Company or until his earlier his death, resignation, or removal.

21.3. The
 Directors by the affirmative vote of a simple majority of the remaining Directors present
 and voting at a Board meeting, shall have the power from time to time and at any time to
 appoint any person as a Director to fill a casual vacancy on the Board or as an addition
 to the existing Board, whether or not that person has previously served on the Board, subject
 to these Articles, applicable law and the listing rules of the Designated Stock Exchange.
 Any Director so appointed shall hold office until the next succeeding annual general meeting
 of Members or until his earlier death, resignation or removal.

**NFT Limited**

21.4. No
 Director shall be required to hold any shares of the Company by way of qualification and
 a Director who is not a Member shall be entitled to receive notice of and to attend and speak
 at any general meeting of the Company and of all classes of shares of the Company.

21.5. Subject
 to any provision to the contrary in these Articles, a Director may be removed by way of a
 Special Resolution of the Members at any time before the expiration of his period of office
 notwithstanding anything in these Articles or in any agreement between the Company and such
 Director (but without prejudice to any claim for damages under any such agreement).

21.6. A

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

21.7. The
 Company may from time to time in general meeting by ordinary resolution increase or reduce
 the number of Directors but so that the number of Directors shall never be less than two
 (2).

21.8. The
 Directors shall, as soon as may be after each appointment or election of Directors, elect
 amongst the Directors a chairman (the "Chairman") and if more than one Director
 is proposed for this office, the election to such office shall take place in such manner
 as the Directors may determine.

22. RETIREMENT
 OF DIRECTORS

22.1. Notwithstanding
 any other provisions in the Articles, the Directors of each Class shall retire from office
 once they have come to terms, provided that notwithstanding anything herein, the chairman
 of the Board shall not, whilst holding such office, be subject to retirement or be taken
 into account in determining the number of Directors to retire.

22.2. A
 retiring Director shall be eligible for re-election and shall continue to act as a Director
 throughout the meeting at which he retires. The Directors to retire shall include (so far
 as necessary to ascertain the number of directors to retire) any Director who wishes to retire
 and not to offer himself for re-election. Any further Directors so to retire shall be those
 of the other Directors subject to retirement who have been longest in office since their
 last re-election or appointment and so that 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 and, without limitation, the Directors to retire at the first annual
 general meeting shall be so determined.

**NFT Limited**

22.3. No
 person other than a Director retiring at the meeting shall, unless recommended by the Directors
 for election, be eligible for election as a Director at any general meeting unless a Notice
 signed by a Member (other than the person to be proposed) duly qualified to attend and vote
 at the meeting for which such notice is given of his intention to propose such person for
 election and also a Notice signed by the person to be proposed of his willingness to be elected
 shall have been lodged at the head office or at the Registration Office provided that the
 minimum length of the period, during which such Notice(s) are given, shall be at least seven
 (7) days and that the period for lodgment of such Notice(s) shall commence no earlier than
 the day after the despatch of the notice of the general meeting appointed for such election
 and end no later than seven (7) days prior to the date of such general meeting.

23. DISQUALIFICATION
 OF DIRECTORS

23.1. The
 office of a Director shall be vacated if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) resigns
 his office by notice in writing delivered to the Company at the Office or tendered at a meeting
 of the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) becomes
 of unsound mind or dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without
 special leave of absence from the Board, is absent from meetings of the Board for six consecutive
 months 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is
 prohibited by law from being a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ceases
 to be a Director by virtue of any provision of the Statutes or is removed from office pursuant
 to these Articles.

**NFT Limited**

24. alternate
 DIRECTORS

24.1. Any
 Director may at any time by Notice delivered to the Office or head office or at a meeting
 of the Directors appoint any person (including another Director) to be his alternate Director.
 Any person so appointed shall have all the rights and powers of the Director or Directors
 for whom such person is appointed in the alternative provided that such person shall not
 be counted more than once in determining whether or not a quorum is present. An alternate
 Director may be removed at any time by the body which appointed him and, subject thereto,
 the office of alternate Director shall continue until the happening of any event which, if
 we were a Director, would cause him to vacate such office or if his appointer ceases for
 any reason to be a Director. Any appointment or removal of an alternate Director shall be
 effected by Notice signed by the appointor and delivered to the Office or head office or
 tendered at a meeting of the Board. An alternate Director may also be a Director in his own
 right and may act as alternate to more than one Director. An alternate Director shall, if
 his appointor so requests, be entitled to receive notices of meetings of the Board or of
 committees of the Board to the same extent as, but in lieu of, the Director appointing him
 and shall be entitled to such extent to attend and vote as a Director at any such meeting
 at which the Director appointing him is not personally present and generally at such meeting
 to exercise and discharge all the functions, powers and duties of his appointor as a Director
 and for the purposes of the proceedings at such meeting the provisions of these Articles
 shall apply as if he were a Director save that as an alternate for more than one Director
 his voting rights shall be cumulative.

24.2. An
 alternate Director shall only be a Director for the purposes of the Act and shall only be
 subject to the provisions of the Act insofar as they relate to the duties and obligations
 of a Director when performing the functions of the Director for whom he is appointed in the
 alternative and shall alone be responsible to the Company for his acts and defaults and shall
 not be deemed to be the agent of or for the Director appointing him. An alternate Director
 shall be entitled to contract and be interested in and benefit from contracts or arrangements
 or transactions and to be repaid expenses and to be indemnified by the Company to the same
 extent *mutatis mutandis* as if he were a Director but he shall not be entitled to receive
 from the Company any fee in his capacity as an alternate Director except only such part,
 if any, of the remuneration otherwise payable to his appointor as such appointor may by Notice
 to the Company from time to time direct.

24.3. Every
 person acting as an alternate Director shall have one vote for each Director for whom he
 acts as alternate (in addition to his own vote if he is also a Director). If his appointor
 is for the time being absent from the People's Republic of China or otherwise not available
 or unable to act, the signature of an alternate Director to any resolution in writing of
 the Board or a committee of the Board of which his appointor is a member shall, unless the
 notice of his appointment provides to the contrary, be as effective as the signature of his
 appointor.

**NFT Limited**

24.4. An
 alternate Director shall ipso facto cease to be an alternate Director if his appointor ceases
 for any reason to be a Director, however, such alternate Director or any other person may
 be re-appointed by the Directors to serve as an alternate Director PROVIDED always that,
 if at any meeting any Director retires but is re-elected at the same meeting, any appointment
 of such alternate Director pursuant to these Articles which was in force immediately before
 his retirement shall remain in force as though he had not retired.

25. DIRECTORS'
 FEES AND EXPENSES

25.1. The
 Directors shall receive such remuneration as the Board may from time to time determine. Each
 Director shall be entitled to be repaid or prepaid all traveling, hotel and incidental expenses
 reasonably incurred or expected to be incurred by him in attending meetings of the Board
 or committees of the board or general meetings or separate meetings of any class of shares
 or of debenture of the Company or otherwise in connection with the discharge of his duties
 as a Director. The ordinary remuneration of the Directors shall from time to time be determined
 by the Company in general meeting and shall (unless otherwise directed by the resolution
 by which it is voted) be divided amongst the Board in such proportions and in such manner
 as the Board may agree or, failing agreement, equally, except that any Director who shall
 hold office for part only of the period in respect of which such remuneration is payable
 shall be entitled only to rank in such division for a proportion of remuneration related
 to the period during which he has held office. Such remuneration shall be deemed to accrue
 from day to day.

25.2. Each
 Director shall be entitled to be repaid or prepaid all travelling, hotel and incidental expenses
 reasonably incurred or expected to be incurred by him in attending meetings of the Board
 or committees of the Board or general meetings or separate meetings of any class of shares
 or of debentures of the Company or otherwise in connection with the discharge of his duties
 as a Director.

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

**NFT Limited**

26. DIRECTORS'
 INTERESTS

26.1. A
 Director may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 any other office or place of profit with the Company (except that of Auditor) in conjunction
 with his office of Director for such period and upon such terms as the Board may determine.
 Any remuneration (whether by way of salary, commission, participation in profits or otherwise)
 paid to any Director in respect of any such other office or place of profit shall be in addition
 to any remuneration provided for by or pursuant to any other Article;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) act
 by himself or his firm in a professional capacity for the Company (otherwise than as Auditor)
 and he or his firm may be remunerated for professional services as if he were not a Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) continue
 to be or become a director, managing director, joint managing director, deputy managing director,
 executive director, manager or other officer or member of any other company promoted by the
 Company or in which the Company may be interested as a vendor, shareholder or otherwise and
 (unless otherwise agreed) no such Director shall be accountable for any remuneration, profits
 or other benefits received by him as a director, managing director, joint managing director,
 deputy managing director, executive director, manager or other officer or member of or from
 his interests in any such other company. Subject as otherwise provided by these Articles
 the Directors may exercise or cause to be exercised the voting powers conferred by the shares
 in any other company held or owned by the Company, or exercisable by them as Directors of
 such other company in such manner in all respects as they think fit (including the exercise
 thereof in favour of any resolution appointing themselves or any of them directors, managing
 directors, joint managing directors, deputy managing directors, executive directors, managers
 or other officers of such company) or voting or providing for the payment of remuneration
 to the director, managing director, joint managing director, deputy managing director, executive
 director, manager or other officers of such other company and any Director may vote in favour
 of the exercise of such voting rights in manner aforesaid notwithstanding that he may be,
 or about to be, appointed a director, managing director, joint managing director, deputy
 managing director, executive director, manager or other officer of such a company, and that
 as such he is or may become interested in the exercise of such voting rights in manner aforesaid.

**NFT Limited**

Notwithstanding the foregoing, no "Independent Director" as defined in FINRA Rules or in Rule 10A-3 under the Exchange Act, and with respect of whom the Board has determined constitutes an "Independent Director" for purposes of compliance with applicable law or the Company's listing requirements, shall without the consent of the Audit Committee take any of the foregoing actions or any other action that would reasonably be likely to affect such Director's status as an "Independent Director" of the Company.

26.2. Subject
 to the Act and to these Articles, no Director or proposed or intending Director shall be
 disqualified by his office from contracting with the Company, either with regard to his tenure
 of any office or place of profit or as vendor, purchaser or in any other manner whatsoever,
 nor shall any such contract or any other contract or arrangement in which any Director is
 in any way interested be liable to be avoided, nor shall any Director so contracting or being
 so interested be liable to account to the Company or the Members for any remuneration, profit
 or other benefits realised by any such contract or arrangement by reason of such Director
 holding that office or of the fiduciary relationship thereby established provided that such
 Director shall disclose the nature of his interest in any contract or arrangement in which
 he is interested in accordance with Article 30.6 herein. Any such transaction that would
 reasonably be likely to affect a Director's status as an "Independent Director",
 or that would constitute a "related party transaction" as defined by Item 7.N
 of Form 20F promulgated by the SEC, shall require the approval of the Audit Committee.

26.3. A
 Director who to his knowledge is in any way, whether directly or indirectly, interested in
 a contract or arrangement or proposed contract or arrangement with the Company shall declare
 the nature of his interest at the meeting of the Board at which the question of entering
 into the contract or arrangement is first considered, if he knows his interest then exists,
 or in any other case at the first meeting of the Board after he knows that he is or has become
 so interested. For the purposes of this Article, a general Notice to the Board by a Director
 to the effect that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) he
 is a member or officer of a specified company or firm and is to be regarded as interested
 in any contract or arrangement which may after the date of the Notice be made with that company
 or firm; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he
 is to be regarded as interested in any contract or arrangement which may after the date of
 the Notice be made with a specified person who is connected with him;

shall be deemed to be a sufficient declaration of interest under this Article in relation to any such contract or arrangement, provided that no such Notice shall be effective unless either it is given at a meeting of the Board or the Director takes reasonable steps to secure that it is brought up and read at the next Board meeting after it is given.

**NFT Limited**

26.4. Following
 a declaration being made pursuant to the last preceding two Articles, subject to any separate
 requirement for Audit Committee approval under applicable law or the listing rules of the
 Company's Designated Stock Exchange, and unless disqualified by the chairman of the
 relevant Board meeting, a Director may vote in respect of any contract or proposed contract
 or arrangement in which such Director is interested and may be counted in the quorum at such
 meeting.

27. GENERAL
 POWERS OF THE DIRECTORS'

27.1. The
 business of the Company shall be managed and conducted by the Board, which may pay all expenses
 incurred in forming and registering the Company and may exercise all powers of the Company
 (whether relating to the management of the business of the Company or otherwise) which are
 not by the Statutes or by these Articles required to be exercised by the Company in general
 meeting, subject nevertheless to the provisions of the Statutes and of these Articles and
 to such regulations being not inconsistent with such provisions, as may be prescribed by
 the Company in general meeting, but no regulations made by the Company in general meeting
 shall invalidate any prior act of the Board which would have been valid if such regulations
 had not been made. The general powers given by this Article shall not be limited or restricted
 by any special authority or power given to the Board by any other Article.

27.2. Any
 person contracting or dealing with the Company in the ordinary course of business shall be
 entitled to rely on any written or oral contract or agreement or deed, document or instrument
 entered into or executed as the case may be by any two of the Directors acting jointly on
 behalf of the Company and the same shall be deemed to be validly entered into or executed
 by the Company as the case may be and shall, subject to any rule of law, be binding on the
 Company.

27.3. Without
 prejudice to the general powers conferred by these Articles it is hereby expressly declared
 that the Board shall have the following powers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 give to any person the right or option of requiring at a future date that an allotment shall
 be made to him of any share at par or at such premium as may be agreed;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to
 give to any Directors, officers or employees of the Company an interest in any particular
 business or transaction or participation in the profits thereof or in the general profits
 of the Company either in addition to or in substitution for a salary or other remuneration;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to
 resolve that the Company be deregistered in the Cayman Islands and continued in a named jurisdiction
 outside the Cayman Islands subject to the provisions of the Act.

27.4. The
 Board may by power of attorney appoint any company, firm or person or any fluctuating body
 of persons, whether nominated directly or indirectly by the Board, to be the attorney or
 attorneys of the Company for such purposes and with such powers, authorities and discretions
 (not exceeding those vested in or exercisable by the Board under these Articles) and for
 such period and subject to such conditions as it may think fit, and any such power of attorney
 may contain such provisions for the protection and convenience of persons dealing with any
 such attorney as the Board may think fit, and may also authorise any such attorney to sub-delegate
 all or any of the powers, authorities and discretions vested in him. Such attorney or attorneys
 may, if so authorised under the Seal of the Company, execute any deed or instrument under
 their personal seal with the same effect as the affixation of the Company's Seal.

27.5. The
 Board may entrust to and confer upon a managing director, joint managing director, deputy
 managing director, an executive director or any Director any of the powers exercisable by
 it upon such terms and conditions and with such restrictions as it thinks fit, and either
 collaterally with, or to the exclusion of, its own powers, and may from time to time revoke
 or vary all or any of such powers but no person dealing in good faith and without notice
 of such revocation or variation shall be affected thereby.

27.6. All
 cheques, promissory notes, drafts, bills of exchange and other instruments, whether negotiable
 or transferable or not, and all receipts for moneys paid to the Company shall be signed,
 drawn, accepted, endorsed or otherwise executed, as the case may be, in such manner as the
 Board shall from time to time by resolution determine. The Company's banking accounts
 shall be kept with such banker or bankers as the Board shall from time to time determine.

27.7. The
 Board may establish or concur or join with other companies (being subsidiary companies of
 the Company or companies with which it is associated in business) in establishing and making
 contributions out of the Company's moneys to any schemes or funds for providing pensions,
 sickness or compassionate allowances, life assurance or other benefits for employees (which
 expression as used in this and the following paragraph shall include any Director or ex-Director
 who may hold or have held any executive office or any office of profit under the Company
 or any of its subsidiary companies) and ex-employees of the Company and their dependants
 or any class or classes of such person.

**NFT Limited**

27.8. The
 Board may pay, enter into agreements to pay or make grants of revocable or irrevocable pensions
 or other benefits to employees and ex-employees and their dependants, or to any of such persons,
 including pensions or benefits additional to those, if any, to which such employees or ex-employees
 or their dependants are or may become entitled under any such scheme or fund as mentioned
 in the last preceding paragraph. Any such pension or benefit may, as the Board considers
 desirable, be granted to an employee either before and in anticipation of or upon or at any
 time after his actual retirement, and may be subject or not subject to any terms or conditions
 as the Board may determine.

28. BORROWING
 POWERS

28.1. The
 Board may exercise all the powers of the Company to raise or borrow money and to mortgage
 or charge all or any part of the undertaking, property and assets (present and future) and
 uncalled capital of the Company and, subject to the Act, to issue debentures, bonds and other
 securities, whether outright or as collateral security for any debt, liability or obligation
 of the Company or of any third party.

28.2. Debentures,
 bonds and other securities may be made assignable free from any equities between the Company
 and the person to whom the same may be issued.

28.3. Any
 debentures, bonds or other securities may be issued at a discount (other than shares (with
 the exception of any share discount conducted in accordance with Act)), premium or otherwise
 and with any special privileges as to redemption, surrender, drawings, allotment of shares,
 attending and voting at general meetings of the Company, appointment of Directors and otherwise.

28.4. Where
 any uncalled capital of the Company is charged, all persons taking any subsequent charge
 thereon shall take the same subject to such prior charge, and shall not be entitled, by notice
 to the Members or otherwise, to obtain priority over such prior charge.

28.5. The
 Board shall cause a proper register to be kept, in accordance with the provisions of the
 Act, of all charges specifically affecting the property of the Company and of any series
 of debentures issued by the Company and shall duly comply with the requirements of the Act
 in regard to the registration of charges and debentures therein specified and otherwise.

**NFT Limited**

29. proceedings
 of the directors

29.1. The
 Board may meet for the despatch of business, adjourn and otherwise regulate its meetings
 as it considers appropriate. Questions arising at any meeting shall be determined by a majority
 of votes. In the case of any equality of votes the chairman of the meeting shall have an
 additional or casting vote.

29.2. A
 meeting of the Board may be convened by the Secretary on request of a Director or by any
 Director. The Secretary shall convene a meeting of the Board. Notice of a meeting of the
 Board shall be deemed to be duly given to a Director if it is given to such Director in writing
 or verbally (including in person or by telephone) or via electronic mail or by telephone
 or in such other manner as the Board may from time to time determine.

29.3. The
 quorum necessary for the transaction of the business of the Board may be fixed by the Board
 and, unless so fixed at any other number, shall be two (2). An alternate Director shall be
 counted in a quorum in the case of the absence of a Director for whom he is the alternate
 provided that he shall not be counted more than once for the purpose of determining whether
 or not a quorum is present.

29.4. Directors
 may participate in any meeting of the Board by means of a conference telephone or other communications
 equipment through which all persons participating in the meeting can communicate with each
 other simultaneously and instantaneously and, for the purpose of counting a quorum, such
 participation shall constitute presence at a meeting as if those participating were present
 in person.

29.5. Any
 Director who ceases to be a Director at a Board meeting may continue to be present and to
 act as a Director and be counted in the quorum until the termination of such Board meeting
 if no other Director objects and if otherwise a quorum of Directors would not be present.

29.6. The
 continuing Directors or a sole continuing Director may act notwithstanding any vacancy in
 the Board but, if and so long as the number of Directors is reduced below the minimum number
 fixed by or in accordance with these Articles, the continuing Directors or Director, notwithstanding
 that the number of Directors is below the number fixed by or in accordance with these Articles
 as the quorum or that there is only one continuing Director, may act for the purpose of filling
 vacancies in the Board or of summoning general meetings of the Company but not for any other
 purpose.

**NFT Limited**

29.7. The
 Chairman of the Board shall be the chairman of all meetings of the Board. If the Chairman
 of the Board is not present at any meeting within five (5) minutes after the time appointed
 for holding the same, the Directors present may choose one of their number to be chairman
 of the meeting.

29.8. A
 meeting of the Board at which a quorum is present shall be competent to exercise all the
 powers, authorities and discretions for the time being vested in or exercisable by the Board.

29.9. The
 Board may delegate any of its powers, authorities and discretions to committees (including,
 without limitation, the Audit Committee), consisting of such Director or Directors and other
 persons as it thinks fit, and they may, from time to time, revoke such delegation or revoke
 the appointment of and discharge any such committees either wholly or in part, and either
 as to persons or purposes. Any committee so formed shall, in the exercise of the powers,
 authorities and discretions so delegated, conform to any regulations which may be imposed
 on it by the Board.

29.10. All
 acts done by any such committee in conformity with such regulations, and in fulfilment of
 the purposes for which it was appointed, but not otherwise, shall have like force and effect
 as if done by the Board, and the Board (or if the Board delegates such power, the committee)
 shall have power to remunerate the members of any such committee, and charge such remuneration
 to the current expenses of the Company.

29.11. The
 meetings and proceedings of any committee consisting of two or more members shall be governed
 by the provisions contained in these Articles for regulating the meetings and proceedings
 of the Board so far as the same are applicable and are not superseded by any regulations
 imposed by the Board under the last preceding Article, indicating, without limitation, any
 committee charter adopted by the Board for purposes or in respect of any such committee.

29.12. A
 resolution in writing signed by all the Directors except such as are temporarily unable to
 act through ill-health or disability shall (provided that such number is sufficient to constitute
 a quorum and further provided that a copy of such resolution has been given or the contents
 thereof communicated to all the Directors for the time being entitled to receive notices
 of Board meetings in the same manner as notices of meetings are required to be given by these
 Articles) be as valid and effectual as if a resolution had been passed at a meeting of the
 Board duly convened and held. Such resolution may be contained in one document or in several
 documents in like form each signed by one or more of the Directors and for this purpose a
 facsimile signature of a Director shall be treated as valid.

**NFT Limited**

29.13. All
 acts bona fide done by the Board or by any committee or by any person acting as a Director
 or members of a committee, shall, notwithstanding that it is afterwards discovered that there
 was some defect in the appointment of any member of the Board or such committee or person
 acting as aforesaid or that they or any of them were disqualified or had vacated office,
 be as valid as if every such person had been duly appointed and was qualified and had continued
 to be a Director or member of such committee.

30. COMMITTEES

30.1. Without
 prejudice to the freedom of the Directors to establish any other committees, for so long
 as the shares of the Company (or depositary receipts therefor) are listed or quoted on the
 Designated Stock Exchange, the Board shall establish and maintain an Audit Committee, a Compensation
 Committee and a Nomination Committee as committees of the Board, the composition and responsibilities
 of which shall comply with the FINRA Rules, the rules and regulations of the SEC and the
 rules and regulations of the Designated Stock Exchange, as appropriate.

30.2. The
 Board shall adopt a formal written audit committee charter, a formal written compensation
 committee charter and review and a formal written Nomination Committee Charter and assess
 the adequacy of each formal written charter on an annual basis.

30.3. The
 audit committee shall meet at least once every financial quarter, or more frequently as circumstances
 dictate.

30.4. The
 compensation committee shall meet at least once every financial year, or more frequently
 as circumstances dictate.

30.5. The
 nomination committee shall meet at least once every financial year, or more frequently as
 circumstances dictate.

**NFT Limited**

30.6. For
 so long as the shares of the Company (or depositary receipts therefor) are listed or quoted
 on the Designated Stock Exchange, the Company shall conduct an appropriate review of all
 related party transactions on an ongoing basis and shall utilize the Audit Committee for
 the review and approval of potential conflicts of interest. Specifically, the Audit Committee
 shall approve any transaction or transactions between the Company and any of the following
 parties: (i) any Member owning an interest in the voting power of the Company or any subsidiary
 of the Company that gives such Member significant influence over the Company or any subsidiary
 of the Company, (ii) any director or executive officer of the Company or any subsidiary of
 the Company and any relative of such director or executive officer, (iii) any person in which
 a substantial interest in the voting power of the Company is owned, directly or indirectly,
 by any person described in (i) or (ii) or over which such a person is able to exercise significant
 influence, and (iv) any affiliate (other than a subsidiary) of the Company.

30.7. The
 Board may, from time to time, appoint such other committees as may be permitted by Act. Such
 other committees appointed by the Board shall consist of one (1) or more members of the Board
 and shall have such powers and perform such duties as may be provided in a resolution of
 the Board.

31. officers

31.1. The
 officers of the Company shall consist of the chief executive officer, the chief financial
 officer, the Directors and Secretary, and such additional officers (who may or may not be
 Directors) as the Board may from time to time determine, all of whom shall be deemed to be
 officers for the purposes of the Act and these Articles.

31.2. The
 officers shall receive such remuneration as the Directors may from time to time determine.

31.3. The
 Secretary and additional officers, if any, shall be appointed by the Board and shall hold
 office on such terms and for such period as the Board may determine. If thought fit, two
 or more persons may be appointed as joint Secretaries. The Board may also appoint from time
 to time on such terms as it thinks fit one or more assistant or deputy Secretaries.

31.4. The
 Secretary shall attend all meetings of the Members and shall keep correct minutes of such
 meetings and enter the same in the proper books provided for the purpose. He shall perform
 such other duties as are prescribed by the Act or these Articles or as may be prescribed
 by the Board.

**NFT Limited**

31.5. The
 officers of the Company shall have such powers and perform such duties in the management,
 business and affairs of the Company as may be delegated to them by the Directors from time
 to time.

31.6. A
 provision of the Act or of these Articles requiring or authorising a thing to be done by
 or to a Director and the Secretary shall not be satisfied by its being done by or to the
 same person acting both as Director and as or in place of the Secretary.

32. MINUTES

32.1. The
 Board shall cause minutes to be duly entered in books provided for the purpose:

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) of
 all resolutions and proceedings of each general meeting of the Members, meetings of the Board
 and meetings of committees of the Board and where there are managers, of all proceedings
 of meetings of the managers.

32.2. Minutes
 shall be kept by the Secretary at the Office.

33. SEAL

33.1. The
 Company shall have one or more Seals, as the Board may determine. For the purpose of sealing
 documents creating or evidencing securities issued by the Company, the Company may have a
 securities seal which is a facsimile of the Seal of the Company with the addition of the
 word "Securities" on its face or in such other form as the Board may approve.
 The Board shall provide for the custody of each Seal and no Seal shall be used without the
 authority of the Board or of a committee of the Board authorised by the Board in that behalf.
 Subject as otherwise provided in these Articles, any instrument to which a Seal is affixed
 shall be signed autographically by one Director and the Secretary or by two Directors or
 by such other person (including a Director) or persons as the Board may appoint, either generally
 or in any particular case, save that as regards any certificates for shares or debentures
 or other securities of the Company the Board may by resolution determine that such signatures
 or either of them shall be dispensed with or affixed by some method or system of mechanical
 signature or by Electronic Signature. Every instrument executed in manner provided by this
 Article shall be deemed to be sealed and executed with the authority of the Board previously
 given.

**NFT Limited**

33.2. Where
 the Company has a Seal for use abroad, the Board may by writing under the Seal appoint any
 agent or committee abroad to be the duly authorised agent of the Company for the purpose
 of affixing and using such Seal and the Board may impose restrictions on the use thereof
 as may be thought fit. Wherever in these Articles reference is made to the Seal, the reference
 shall, when and so far as may be applicable, be deemed to include any such other Seal as
 aforesaid.

34. destruction
 of documents

34.1. The
 Company shall be entitled to destroy the following documents at the following times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 share certificate which has been cancelled at any time after the expiry of one (1) year from
 the date of such cancellation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 dividend mandate or any variation or cancellation thereof or any notification of change of
 name or address at any time after the expiry of two (2) years from the date such mandate
 variation cancellation or notification was recorded by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 instrument of transfer of shares which has been registered at any time after the expiry of
 seven (7) years from the date of registration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 allotment letters after the expiry of seven (7) years from the date of issue thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) copies
 of powers of attorney, grants of probate and letters of administration at any time after
 the expiry of seven (7) years after the account to which the relevant power of attorney,
 grant of probate or letters of administration related has been closed;

and it shall conclusively be presumed in favour of the Company that every entry in the Register purporting to be made on the basis of any such documents so destroyed was duly and properly made and every share certificate so destroyed was a valid certificate duly and properly cancelled and that every instrument of transfer so destroyed was a valid and effective instrument duly and properly registered and that every other document destroyed hereunder was a valid and effective document in accordance with the recorded particulars thereof in the books or records of the Company. Provided always that: (1) the foregoing provisions of this Article shall apply only to the destruction of a document in good faith and without express notice to the Company that the preservation of such document was relevant to a claim; (2) nothing contained in this Article shall be construed as imposing upon the Company any liability in respect of the destruction of any such document earlier than as aforesaid or in any case where the conditions of proviso (1) above are not fulfilled; and (3) references in this Article to the destruction of any document include references to its disposal in any manner.

**NFT Limited**

34.2. Notwithstanding
 any provision contained in these Articles, the Directors may, if permitted by applicable
 law, authorise the destruction of documents set out in sub-paragraphs (a) to (e) of paragraph
 (1) of this Article and any other documents in relation to share registration which have
 been microfilmed or electronically stored by the Company or by the share registrar on its
 behalf provided always that this Article shall apply only to the destruction of a document
 in good faith and without express notice to the Company and its share registrar that the
 preservation of such document was relevant to a claim.

35. DIVIDENDS
 AND OTHER PAYMENTS

35.1. Subject
 to the Act, the Company in general meeting or the Board may from time to time declare dividends
 in any currency to be paid to the Members but no dividend shall be declared in excess of
 the amount recommended by the Board.

35.2. Dividends
 may be declared and paid out of the profits of the Company, realised or unrealised, or from
 any reserve set aside from profits which the Directors determine is no longer needed. The
 Board may also declare and pay dividends out of share premium account or any other fund or
 account which can be authorised for this purpose in accordance with the Act.

35.3. Except
 in so far as the rights attaching to, or the terms of issue of, any share otherwise provide:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 dividends shall be declared and paid according to the amounts paid up on the shares in respect
 of which the dividend is paid, but no amount paid up on a share in advance of calls shall
 be treated for the purposes of this Article as paid up on the share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 dividends shall be apportioned and paid pro rata according to the amounts paid up on the
 shares during any portion or portions of the period in respect of which the dividend is paid.

**NFT Limited**

35.4. The
 Board may from time to time pay to the Members such interim dividends as appear to the Board
 to be justified by the profits of the Company and in particular (but without prejudice to
 the generality of the foregoing) if at any time the share capital of the Company is divided
 into different classes, the Board may pay such interim dividends in respect of those shares
 in the capital of the Company which confer on the holders thereof deferred or non preferential
 rights as well as in respect of those shares which confer on the holders thereof preferential
 rights with regard to dividend and provided that the Board acts bona fide the Board shall
 not incur any responsibility to the holders of shares conferring any preference for any damage
 that they may suffer by reason of the payment of an interim dividend on any shares having
 deferred or non preferential rights and may also pay any fixed dividend which is payable
 on any shares of the Company half yearly or on any other dates, whenever such profits, in
 the opinion of the Board, justifies such payment.

35.5. The
 Board may deduct from any dividend or other moneys payable to a Member by the Company on
 or in respect of any shares all sums of money (if any) presently payable by him to the Company
 on account of calls or otherwise.

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

35.7. Any
 dividend, interest or other sum payable in cash to the holder of shares may be paid by cheque
 or warrant sent through the post addressed to the holder at his registered address or, in
 the case of joint holders, addressed to the holder whose name stands first in the Register
 in respect of the shares at his address as appearing in the Register or addressed to such
 person and at such address as the holder or joint holders may in writing direct. Every such
 cheque or warrant shall, unless the holder or joint holders otherwise direct, be made payable
 to the order of the holder or, in the case of joint holders, to the order of the holder whose
 name stands first on the Register in respect of such shares, and shall be sent at his or
 their risk and payment of the cheque or warrant by the bank on which it is drawn shall constitute
 a good discharge to the Company notwithstanding that it may subsequently appear that the
 same has been stolen or that any endorsement thereon has been forged. Any one of two or more
 joint holders may give effectual receipts for any dividends or other moneys payable or property
 distributable in respect of the shares held by such joint holders.

**NFT Limited**

35.8. All
 dividends or bonuses unclaimed for one (1) year after having been declared may be invested
 or otherwise made use of by the Board for the benefit of the Company until claimed. Any dividend
 or bonuses unclaimed after a period of six (6) years from the date of declaration shall be
 forfeited and shall revert to the Company. The payment by the Board of any unclaimed dividend
 or other sums payable on or in respect of a share into a separate account shall not constitute
 the Company a trustee in respect thereof.

If a Member fails to pay any call the Board may give to such Member not less than fourteen (14) clear days' notice requiring payment and specifying the amount unpaid including any interest which may have accrued, any expenses which have been incurred by the Company due to that person's default and the place where payment is to be made. The notice shall also contain a warning that if the notice is not complied with, the shares in respect of which the call is made will be liable to be forfeited. If such notice is not complied with, the Board may, before the payment required by the notice has been received, resolve that any share the subject of that notice be forfeited (which forfeiture shall include all dividends or other monies payable in respect of the forfeited share and not paid before such forfeiture).

A forfeited share may be sold, re-allotted or otherwise disposed of on such terms and in such manner as the directors determine and at any time before a sale, re-allotment or disposition the forfeiture may be cancelled on such terms as the directors think fit. A person whose shares have been forfeited shall cease to be a Member in respect of the forfeited shares, but shall, notwithstanding such forfeit, remain liable to pay to the Company all monies which at the date of forfeiture were payable to the Company in respect of the shares, together with all expenses and interest from the date of forfeiture or surrender until payment, but his liability shall cease if and when the Company receives payment in full of the unpaid amount.

A declaration, whether statutory or under oath, made by a Director or the Secretary shall be conclusive evidence that the person making the declaration is a Director or Secretary of the Company and that the particular shares have been forfeited or surrendered on a particular date.

Subject to the execution of an instrument of transfer, if necessary, the declaration shall constitute good title to the shares.

**NFT Limited**

35.9. Whenever
 the Board or the Company in general meeting has resolved that a dividend be paid or declared,
 the Board may further resolve that such dividend be satisfied wholly or in part by the distribution
 of specific assets of any kind and in particular of paid up shares, debentures or warrants
 to subscribe securities of the Company or any other company, or in any one or more of such
 ways, and where any difficulty arises in regard to the distribution the Board may settle
 the same as it thinks expedient, and in particular may issue certificates in respect of fractions
 of shares, disregard fractional entitlements or round the same up or down, and may fix the
 value for distribution of such specific assets, or any part thereof, and may determine that
 cash payments shall be made to any Members upon the footing of the value so fixed in order
 to adjust the rights of all parties, and may vest any such specific assets in trustees as
 may seem expedient to the Board and may appoint any person to sign any requisite instruments
 of transfer and other documents on behalf of the persons entitled to the dividend, and such
 appointment shall be effective and binding on the Members. The Board may resolve that no
 such assets shall be made available to Members with registered addresses in any particular
 territory or territories where, in the absence of a registration statement or other special
 formalities, such distribution of assets would or might, in the opinion of the Board, be
 unlawful or impracticable and in such event the only entitlement of the Members aforesaid
 shall be to receive cash payments as aforesaid. Members affected as a result of the foregoing
 sentence shall not be or be deemed to be a separate class of Members for any purpose whatsoever.

35.10. Whenever
 the Board or the Company in general meeting has resolved that a dividend be paid or declared
 on any class of the share capital of the Company, the Board may further resolve either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 such dividend be satisfied wholly or in part in the form of an allotment of shares credited
 as fully paid up, provided that the Members entitled thereto will be entitled to elect to
 receive such dividend (or part thereof if the Board so determines) in cash in lieu of such
 allotment. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 Board, after determining the basis of allotment, shall give not less than ten (10) days'
 Notice to the holders of the relevant shares of the right of election accorded to them and
 shall send with such notice forms of election and specify the procedure to be followed and
 the place at which and the latest date and time by which duly completed forms of election
 must be lodged in order to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 right of election may be exercised in respect of the whole or part of that portion of the
 dividend in respect of which the right of election has been accorded; and

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 dividend (or that part of the dividend to be satisfied by the allotment of shares as aforesaid)
 shall not be payable in cash on shares in respect whereof the cash election has not been
 duly exercised ("the non elected shares") and in satisfaction thereof shares
 of the relevant class shall be allotted credited as fully paid up to the holders of the non
 elected shares on the basis of allotment determined as aforesaid and for such purpose the
 Board shall capitalise and apply out of any part of the undivided profits of the Company
 (including profits carried and standing to the credit of any reserves or other special account,
 share premium account or capital redemption reserve) as the Board may determine, such sum
 as may be required to pay up in full the appropriate number of shares of the relevant class
 for allotment and distribution to and amongst the holders of the non elected shares on such
 basis; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that
 the Members entitled to such dividend shall be entitled to elect to receive an allotment
 of shares credited as fully paid up in lieu of the whole or such part of the dividend as
 the Board may think fit. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 Board, after determining the basis of allotment, shall give not less than ten (10) days'
 Notice to the holders of the relevant shares of the right of election accorded to them and
 shall send with such notice forms of election and specify the procedure to be followed and
 the place at which and the latest date and time by which duly completed forms of election
 must be lodged in order to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 right of election may be exercised in respect of the whole or part of that portion of the
 dividend in respect of which the right of election has been accorded; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 dividend (or that part of the dividend in respect of which a right of election has been accorded)
 shall not be payable in cash on shares in respect whereof the share election has been duly
 exercised ("the elected shares") and in lieu thereof shares of the relevant class
 shall be allotted credited as fully paid up to the holders of the elected shares on the basis
 of allotment determined as aforesaid and for such purpose the Board shall capitalise and
 apply out of any part of the undivided profits of the Company (including profits carried
 and standing to the credit of any reserves or other special account, share premium account
 or capital redemption reserve) as the Board may determine, such sum as may be required to
 pay up in full the appropriate number of shares of the relevant class for allotment and distribution
 to and amongst the holders of the elected shares on such basis.

**NFT Limited**

35.11. The
 shares allotted pursuant to the provisions of Article 35.10 shall rank *pari passu* in all respects with shares of the same class (if any) then in issue save only as regards
 participation in the relevant dividend or in any other distributions, bonuses or rights paid,
 made, declared or announced prior to or contemporaneously with the payment or declaration
 of the relevant dividend unless, contemporaneously with the announcement by the Board of
 their proposal to apply the provisions of Articles 35.11 and 35.12 in relation to the relevant
 dividend or contemporaneously with their announcement of the distribution, bonus or rights
 in question, the Board shall specify that the shares to be allotted pursuant to the provisions
 of Article 35.10 shall rank for participation in such distribution, bonus or rights.

35.12. The
 Board may do all acts and things considered necessary or expedient to give effect to any
 capitalisation pursuant to the provisions of Article 35.10, with full power to the Board
 to make such provisions as it thinks fit in the case of shares becoming distributable in
 fractions (including provisions whereby, in whole or in part, fractional entitlements are
 aggregated and sold and the net proceeds distributed to those entitled, or are disregarded
 or rounded up or down or whereby the benefit of fractional entitlements accrues to the Company
 rather than to the Members concerned). The Board may authorise any person to enter into on
 behalf of all Members interested, an agreement with the Company providing for such capitalisation
 and matters incidental thereto and any agreement made pursuant to such authority shall be
 effective and binding on all concerned.

35.13. The
 Company may upon the recommendation of the Board by ordinary resolution resolve in respect
 of any one particular dividend of the Company that notwithstanding the provisions of Article
 35.10, a dividend may be satisfied wholly in the form of an allotment of shares credited
 as fully paid up without offering any right to shareholders to elect to receive such dividend
 in cash in lieu of such allotment.

35.14. The
 Board may on any occasion determine that rights of election and the allotment of shares under
 Article 35.10 shall not be made available or made to any shareholders with registered addresses
 in any territory where, in the absence of a registration statement or other special formalities,
 the circulation of an offer of such rights of election or the allotment of shares would or
 might, in the opinion of the Board, be unlawful or impracticable, and in such event the provisions
 aforesaid shall be read and construed subject to such determination. Members affected as
 a result of the foregoing sentence shall not be or be deemed to be a separate class of Members
 for any purpose whatsoever.

**NFT Limited**

35.15. Any
 resolution declaring a dividend on shares of any class, whether a resolution of the Company
 in general meeting or a resolution of the Board, may specify that the same shall be payable
 or distributable to the persons registered as the holders of such shares at the close of
 business on a particular date, notwithstanding that it may be a date prior to that on which
 the resolution is passed, and thereupon the dividend shall be payable or distributable to
 them in accordance with their respective holdings so registered, but without prejudice to
 the rights inter se in respect of such dividend of transferors and transferees of any such
 shares. The provisions of this Article shall mutatis mutandis apply to bonuses, capitalisation
 issues, distributions of realised capital profits or offers or grants made by the Company
 to the Members.

36. RESERVES

36.1. The
 Board shall establish an account to be called the share premium account and shall carry to
 the credit of such account from time to time a sum equal to the amount or value of the premium
 paid on the issue of any share in the Company. Unless otherwise provided by the provisions
 of these Articles, the Board may apply the share premium account in any manner permitted
 by the Act. The Company shall at all times comply with the provisions of the Act in relation
 to the share premium account.

36.2. Before
 recommending any dividend, the Board may set aside out of the profits of the Company such
 sums as it determines as reserves which shall, at the discretion of the Board, be applicable
 for any purpose to which the profits of the Company may be properly applied and pending such
 application may, also at such discretion, either be employed in the business of the Company
 or be invested in such investments as the Board may from time to time think fit and so that
 it shall not be necessary to keep any investments constituting the reserve or reserves separate
 or distinct from any other investments of the Company. The Board may also without placing
 the same to reserve carry forward any profits which it may think prudent not to distribute.

**NFT Limited**

37. CAPITALISATION

37.1. The
 Company may, upon the recommendation of the Board, at any time and from time to time pass
 an ordinary resolution to the effect that it is desirable to capitalise all or any part of
 any amount for the time being standing to the credit of any reserve or fund (including a
 share premium account and capital redemption reserve and the profit and loss account) whether
 or not the same is available for distribution and accordingly that such amount be set free
 for distribution among the Members or any class of Members who would be entitled thereto
 if it were distributed by way of dividend and in the same proportions, on the footing that
 the same is not paid in cash but is applied either in or towards paying up the amounts for
 the time being unpaid on any shares in the Company held by such Members respectively or in
 paying up in full unissued shares, debentures or other obligations of the Company, to be
 allotted and distributed credited as fully paid up among such Members, or partly in one way
 and partly in the other, and the Board shall give effect to such resolution provided that,
 for the purposes of this Article, a share premium account and any capital redemption reserve
 or fund representing unrealised profits, may be applied only in paying up in full unissued
 shares of the Company to be allotted to such Members credited as fully paid.

37.2. The
 Board may settle, as it considers appropriate, any difficulty arising in regard to any distribution
 under the last preceding Article and in particular may issue certificates in respect of fractions
 of shares or authorise any person to sell and transfer any fractions or may resolve that
 the distribution should be as nearly as may be practicable in the correct proportion but
 not exactly so or may ignore fractions altogether, and may determine that cash payments shall
 be made to any Members in order to adjust the rights of all parties, as may seem expedient
 to the Board. The Board may appoint any person to sign on behalf of the persons entitled
 to participate in the distribution any contract necessary or desirable for giving effect
 thereto and such appointment shall be effective and binding upon the Members.

38. ACCOUNTING
 RECORDS

38.1. The
 Board shall cause true accounts to be kept of the sums of money received and expended by
 the Company, and the matters in respect of which such receipt and expenditure take place,
 and of the property, assets, credits and liabilities of the Company and of all other matters
 required by the Act or necessary to give a true and fair view of the Company's affairs
 and to explain its transactions.

38.2. The
 accounting records shall be kept at the Office or, at such other place or places as the Board
 decides and shall always be open to inspection by the Directors. No Member (other than a
 Director) shall have any right of inspecting any accounting record or book or document of
 the Company except as conferred by law or authorised by the Board or the Company in general
 meeting.

**NFT Limited**

38.3. Subject
 to Article 38.4, a printed copy of the Directors' report, accompanied by the balance
 sheet and profit and loss account, including every document required by law to be annexed
 thereto, made up to the end of the applicable financial year and containing a summary of
 the assets and liabilities of the Company under convenient heads and a statement of income
 and expenditure, together with a copy of the Auditors' report, shall be sent to each
 person entitled thereto at least ten (10) days before the date of the general meeting and
 laid before the Company at the annual general meeting held in accordance with Article 14.1
 provided that this Article shall not require a copy of those documents to be sent to any
 person whose address the Company is not aware or to more than one of the joint holders of
 any shares or debentures.

38.4. Subject
 to due compliance with all applicable Statutes, rules and regulations, including, without
 limitation, the rules of the Designated Stock Exchange, and to obtaining all necessary consents,
 if any, required thereunder, the requirements of Article 38.3 shall be deemed satisfied in
 relation to any person by sending to the person in any manner not prohibited by the Statutes,
 summarised financial statements derived from the Company's annual accounts and the
 directors' report which shall be in the form and containing the information required
 by applicable laws and regulations, provided that any person who is otherwise entitled to
 the annual financial statements of the Company and the directors' report thereon may,
 if he so requires by notice in writing served on the Company, demand that the Company sends
 to him, in addition to summarised financial statements, a complete printed copy of the Company's
 annual financial statement and the directors' report thereon.

38.5. The
 requirement to send to a person referred to in Article 38.3 the documents referred to in
 that article or a summary financial report in accordance with Article 38.4 shall be deemed
 satisfied where, in accordance with all applicable Statutes, rules and regulations, including,
 without limitation, the rules of the Designated Stock Exchange, the Company publishes copies
 of the documents referred to in Article 38.3 and, if applicable, a summary financial report
 complying with Article 38.4, on the Company's computer network or in any other permitted
 manner (including by sending any form of electronic communication), and that person has agreed
 or is deemed to have agreed to treat the publication or receipt of such documents in such
 manner as discharging the Company's obligation to send to him a copy of such documents.

**NFT Limited**

**39.** **FINANCIAL YEAR END** 

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

40. AUDIT

40.1. Subject
 to applicable law and rules of the Designated Stock Exchange:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At
 the annual general meeting or at a subsequent extraordinary general meeting in each year,
 the Members shall appoint an auditor to audit the accounts of the Company and such auditor
 shall hold office until the Members appoint another auditor. Such auditor may be a Member
 but no Director or officer or employee of the Company shall, during his continuance in office,
 be eligible to act as an auditor of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A
 person, other than a retiring Auditor, shall not be capable of being appointed Auditor at
 an annual general meeting unless notice in writing of an intention to nominate that person
 to the office of Auditor has been given not less than fourteen (14) days before the annual
 general meeting and furthermore, the Company shall send a copy of any such notice to the
 retiring Auditor. The Members may, at any general meeting convened and held in accordance
 with these Articles, by Special Resolution remove the Auditor at any time before the expiration
 of his term of office and shall by ordinary resolution at that meeting appoint another Auditor
 in his stead for the remainder of his term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Members may, at any general meeting convened and held in accordance with these Articles,
 by ordinary resolution remove the Auditor at any time before the expiration of his term of
 office and shall by ordinary resolution at that meeting appoint another Auditor in his stead
 for the remainder of his term.

40.2. Subject
 to the Act the accounts of the Company shall be audited at least once in every year.

40.3. The
 remuneration of the Auditor shall be fixed by the Company in general meeting or in such manner
 as the Members may determine.

40.4. If
 the office of auditor becomes vacant by the resignation or death of the Auditor, or by his
 becoming incapable of acting by reason of illness or other disability at a time when his
 services are required, the Directors shall fill the vacancy and determine the remuneration
 of such Auditor.

**NFT Limited**

40.5. The
 Auditor shall at all reasonable times have access to all books kept by the Company and to
 all accounts and vouchers relating thereto; and he may call on the Directors or officers
 of the Company for any information in their possession relating to the books or affairs of
 the Company.

40.6. The
 statement of income and expenditure and the balance sheet provided for by these Articles
 shall be examined by the Auditor and compared by him with the books, accounts and vouchers
 relating thereto; and he shall make a written report thereon stating whether such statement
 and balance sheet are drawn up so as to present fairly the financial position of the Company
 and the results of its operations for the period under review and, in case information shall
 have been called for from Directors or officers of the Company, whether the same has been
 furnished and has been satisfactory. The financial statements of the Company shall be audited
 by the Auditor in accordance with generally accepted auditing standards. The Auditor shall
 make a written report thereon in accordance with generally accepted auditing standards and
 the report of the Auditor shall be submitted to the Members in general meeting. The generally
 accepted auditing standards referred to herein may be those of a country or jurisdiction
 other than the Cayman Islands. If so, the financial statements and the report of the Auditor
 should disclose this fact and name such country or jurisdiction

41. NOTICES

41.1. Any
 Notice or document, whether or not, to be given or issued under these Articles from the Company
 to a Member shall be in writing or by cable, telex or facsimile transmission message or other
 form of electronic transmission or communication and any such Notice and document may be
 served or delivered by the Company on or to any Member either personally or by sending it
 through the post in a prepaid envelope addressed to such Member at his registered address
 as appearing in the Register or at any other address supplied by him to the Company for the
 purpose or, as the case may be, by transmitting it to any such address or transmitting it
 to any telex or facsimile transmission number or electronic number or address or website
 supplied by him to the Company for the giving of Notice to him or which the person transmitting
 the notice reasonably and bona fide believes at the relevant time will result in the Notice
 being duly received by the Member or may also be served by advertisement in appropriate newspapers
 in accordance with the requirements of the Designated Stock Exchange or, to the extent permitted
 by the applicable laws, by placing it on the Company's website and giving to the member
 a notice stating that the notice or other document is available there (a "notice of
 availability"). The notice of availability may be given to the Member by any of the
 means set out above. In the case of joint holders of a share all notices shall be given to
 that one of the joint holders whose name stands first in the Register and notice so given
 shall be deemed a sufficient service on or delivery to all the joint holders.

**NFT Limited**

41.2. Any
 Notice or other document:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 served or delivered by post, shall where appropriate be sent by airmail and shall be deemed
 to have been served or delivered on the day following that on which the envelope containing
 the same, properly prepaid and addressed, is put into the post; in proving such service or
 delivery it shall be sufficient to prove that the envelope or wrapper containing the notice
 or document was properly addressed and put into the post and a certificate in writing signed
 by the Secretary or other officer of the Company or other person appointed by the Board that
 the envelope or wrapper containing the Notice or other document was so addressed and put
 into the post shall be conclusive evidence thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 sent by electronic communication, shall be deemed to be given on the day on which it is transmitted
 from the server of the Company or its agent. A Notice placed on the Company's website
 is deemed given by the Company to a Member on the day following that on which a notice of
 availability is deemed served on the Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 served or delivered in any other manner contemplated by these Articles, shall be deemed to
 have been served or delivered at the time of personal service or delivery or, as the case
 may be, at the time of the relevant despatch or transmission; and in proving such service
 or delivery a certificate in writing signed by the Secretary or other officer of the Company
 or other person appointed by the Board as to the act and time of such service, delivery,
 despatch or transmission shall be conclusive evidence thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) may
 be given to a Member in the English language or such other language as may be approved by
 the Directors, subject to due compliance with all applicable Statutes, rules and regulations.

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

**NFT Limited**

41.4. A
 Notice may be given by the Company to the person entitled to a share in consequence of the
 death, mental disorder or bankruptcy of a Member by sending it through the post in a prepaid
 letter, envelope or wrapper addressed to him by name, or by the title of representative of
 the deceased, or trustee of the bankrupt, or by any like description, at the address, if
 any, supplied for the purpose by the person claiming to be so entitled, or (until such an
 address has been so supplied) by giving the notice in any manner in which the same might
 have been given if the death, mental disorder or bankruptcy had not occurred.

41.5. Any
 person who by operation of law, transfer or other means whatsoever shall become entitled
 to any share shall be bound by every Notice in respect of such share which prior to his name
 and address being entered on the Register shall have been duly given to the person from whom
 he derives his title to such share.

42. SIGNATURES

42.1. For
 the purposes of these Articles, a cable or telex or facsimile or electronic transmission
 message purporting to come from a holder of shares or, as the case may be, a Director, or,
 in the case of a corporation which is a holder of shares from a director or the secretary
 thereof or a duly appointed attorney or duly authorised representative thereof for it and
 on its behalf, shall in the absence of express evidence to the contrary available to the
 person relying thereon at the relevant time be deemed to be a document or instrument in writing
 signed by such holder or Director in the terms in which it is received.

43. WINDING
 UP

43.1. A
 resolution that the Company be wound up by the court or be wound up voluntarily shall be
 a Special Resolution which shall, in this instance, include approval by the two thirds of
 all shareholders of the Company of the Company.

**NFT Limited**

43.2. Subject
 to any special rights, privileges or restrictions as to the distribution of available surplus
 assets on liquidation for the time being attached to any class or classes of shares (i) if
 the Company shall be wound up and the assets available for distribution amongst the Members
 of the Company shall be more than sufficient to repay the whole of the capital paid up at
 the commencement of the winding up, the excess shall be distributed pari passu amongst such
 members in proportion to the amount paid up on the shares held by them respectively and (ii)
 if the Company shall be wound up and the assets available for distribution amongst the Members
 as such shall be insufficient to repay the whole of the paid-up capital such assets shall
 be distributed so that, a nearly as may be, the losses shall be borne by the Members in proportion
 to the capital paid up, or which ought to have been paid up, at the commencement of the winding
 up on the shares held by them respectively.

43.3. If
 the Company shall be wound up (whether the liquidation is voluntary or by the court) the
 liquidator may, with the authority of a Special Resolution and any other sanction required
 by the Act, divide among the Members in specie or kind the whole or any part of the assets
 of the Company and whether or not the assets shall consist of properties of one kind or shall
 consist of properties to be divided as aforesaid of different kinds, and may for such purpose
 set such value as he deems fair upon any one or more class or classes of property and may
 determine how such division shall be carried out as between the Members or different classes
 of Members. The liquidator may, with the like authority, vest any part of the assets in trustees
 upon such trusts for the benefit of the Members as the liquidator with the like authority
 shall think fit, and the liquidation of the Company may be closed and the Company dissolved,
 but so that no contributory shall be compelled to accept any shares or other property in
 respect of which there is a liability.

44. INDEMNITY

44.1. The
 Directors, Secretary and other officers for the time being of the Company and the liquidator
 or trustees (if any) for the time being acting in relation to any of the affairs of the Company
 and everyone of them, and everyone of their heirs, executors and administrators, shall be
 indemnified and secured harmless out of the assets and profits of the Company from and against
 all actions, costs, charges, losses, damages and expenses which they or any of them, their
 or any of their heirs, executors or administrators, shall or may incur or sustain by or by
 reason of any act done, concurred in or omitted in or about the execution of their duty,
 or supposed duty, in their respective offices or trusts; and none of them shall be answerable
 for the acts, receipts, neglects or defaults of the other or others of them or for joining
 in any receipts for the sake of conformity, or for any bankers or other persons with whom
 any moneys or effects belonging to the Company shall or may be lodged or deposited for safe
 custody, or for insufficiency or deficiency of any security upon which any moneys of or belonging
 to the Company shall be placed out on or invested, or for any other loss, misfortune or damage
 which may happen in the execution of their respective offices or trusts, or in relation thereto;
 PROVIDED THAT this indemnity shall not extend to any matter in respect of any fraud or dishonesty
 which may attach to any of said persons.

**NFT Limited**

44.2. Each
 Member agrees to waive any claim or right of action he might have, whether individually or
 by or in the right of the Company, against any Director on account of any action taken by
 such Director, or the failure of such Director to take any action in the performance of his
 duties with or for the Company; PROVIDED THAT such waiver shall not extend to any matter
 in respect of any fraud or dishonesty which may attach to such Director.

45. AMENDMENT
 TO MEMORANDUM AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY

45.1. No
 Article shall be rescinded, altered or amended and no new Article shall be made until the
 same has been approved by a Special Resolution of the Members. A Special Resolution shall
 be required to alter the provisions of the Memorandum of Association or to change the name
 of the Company.

46. INFORMATION

46.1. No
 Member shall be entitled to require discovery of or any information respecting any detail
 of the Company's trading or any matter which is or may be in the nature of a trade
 secret or secret process which may relate to the conduct of the business of the Company and
 which in the opinion of the Directors it will be inexpedient in the interests of the members
 of the Company to communicate to the public.

47. mergers
 and CONSOLIDATIONS

47.1. Subject
 to the Act and these Articles, the Company shall, with the approval of a Special Resolution,
 have the power to merge or consolidate with one or more constituent companies (as defined
 in the Act) upon such terms as the Directors may determine.

48. TRANSFERS
 BY WAY OF CONTINUATION

48.1. Subject
 to the Act and these Articles, the Company shall, with the approval of a Special Resolution,
 have the power to register by way of continuation as a body corporate under the laws of a
 jurisdiction outside of the Cayman Islands and be deregistered in the Cayman Islands.

**Exhibit C**

**Fourth Amended and Restated Memorandum and Articles of Association**

![](ea028540701_ex99-1img3.jpg)

Fourth Amended and Restated

Memorandum of Association of

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

Grand Cayman

Cayman Islands

**conyers.com**

**THE COMPANIES ACT (AS REVISED)**

**EXEMPTED COMPANY LIMITED BY SHARES**

**FOURTH AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. Subject
 to the following provisions of this Memorandum, the Company shall have and be capable of
 exercising all the functions of a natural person of full capacity irrespective of any question
 of corporate benefit, as provided by Section 27(2) of the Companies Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. Nothing
 in this Memorandum shall permit the Company to carry on a business for which a licence is
 required under the laws of the Cayman Islands unless duly licensed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6. The
 Company shall not trade in the Cayman Islands with any person, firm or corporation except
 in furtherance of the business of the Company carried on outside the Cayman Islands; provided
 that nothing in this clause shall be construed as to prevent the Company effecting and concluding
 contracts in the Cayman Islands, and exercising in the Cayman Islands all of its powers necessary
 for the carrying on of its business outside the Cayman Islands.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8. The
 share capital of the Company is US$5,000,000 divided into 45,000,000 Class A ordinary shares
 of a nominal or par value of US$0.1 each and 5,000,000 Class B ordinary shares of a nominal
 or par value of US$0.1 each.

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

![](ea028540701_ex99-1img3.jpg)

Fourth Amended and Restated

Articles of Association of

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

Grand Cayman

Cayman Islands

**conyers.com**

**NFT Limited**

**TABLE OF CONTENTS**

---

| | | |
|:---|:---|:---|
| **interpretation** | **interpretation** |  |
| **1.** | Definitions | C-7 |
| **2.** | share capital | C-13 |
| **3.** | share rights | C-14 |
| **4.** | variation of rights | C-15 |
| **5.** | POWER TO ISSUE SHARES | C-16 |
| **6.** | SHARE CERTIFICATES | C-17 |
| **7.** | alteration of capital | C-18 |
| **8.** | register of members | C-20 |
| **9.** | RECORD DATES | C-21 |
| **10.** | TRANSFER OF SHARES | C-22 |
| **11.** | transmission of registered shares | C-24 |
| **12.** | Listed Shares | C-25 |
| **13.** | untraceable members | C-25 |
| **14.** | general meetings | C-26 |
| **15.** | NOTICE OF GENERAL MEETING | C-27 |
| **16.** | PROCEEDINGS AT GENERAL MEETINGS | C-28 |
| **17.** | VOTING | C-30 |
| **18.** | PROXIES | C-33 |
| **19.** | CORPORATIONS ACTING BY REPRESENTATIVES | C-35 |
| **20.** | ACTING BY WRITTEN RESOLUTIONS OF MEMBERS | C-35 |
| **21.** | BOARD OF DIRECTORS | C-36 |
| **22.** | RETIREMENT OF DIRECTORS | C-37 |
| **23.** | DISQUALIFICATION OF DIRECTORS | C-38 |
| **24.** | alternate DIRECTORS | C-39 |

---

**NFT Limited**

**25.** DIRECTORS'
 FEES AND EXPENSES C-40

**26.** DIRECTORS'
 INTERESTS C-41

**27.** GENERAL POWERS OF
 THE DIRECTORS' C-43

**28.** BORROWING POWERS C-45

**29.** proceedings of the
 directors C-46

**30.** COMMITTEES C-48

**31.** officers C-49

**32.** MINUTES C-50

**33.** SEAL C-50

**34.** destruction of documents C-51

**35.** DIVIDENDS AND OTHER
 PAYMENTS C-52

**36.** RESERVES C-58

**37.** CAPITALISATION C-59

**38.** ACCOUNTING RECORDS C-59

**40.** AUDIT C-61

**41.** NOTICES C-62

**42.** SIGNATURES C-64

**43.** WINDING UP C-64

**44.** INDEMNITY C-65

**45.** AMENDMENT TO MEMORANDUM
 AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY C-66

**46.** INFORMATION C-66

**47.** mergers and CONSOLIDATIONS C-66

**48.** TRANSFERS BY WAY
 OF CONTINUATION C-66

**NFT Limited**

**FOURTH AMENDED AND RESTATED**

**ARTICLES OF ASSOCIATION**

**OF**

**NFT Limited**

**(Adopted By Special Resolution Dated [insert] 2026 and Effective on [insert])**

**Table A**

**The regulations in Table A in the First Schedule to the Act (as defined below) do not apply to the Company.**

**interpretation**

1. Definitions

1.1. In
 these Articles, the following words and expressions shall, where not inconsistent with the
 context, have the following meanings, respectively:

---

| | |
|:---|:---|
| **Act** | the Companies Act (As Revised) of the Cayman Islands; |
| **Affiliate** | means with regard to a given Person, a Person that controls, is controlled by or is under common control with the given Person. For purposes of this definition, except as otherwise expressly provided, when used with respect to any Person, "control" means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; |
| **Alternate Director** | an alternate director appointed in accordance with these Articles; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Audit Committee** | the audit committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee; |
| **Auditor** | the independent auditor of the Company which shall be an internationally recognized firm of independent accountants; |
| **Articles** | these Articles of Association as altered, supplemented, amended or substituted from time to time; |
| **Board** | the board of directors (including, for the avoidance of doubt, a sole director) appointed or elected pursuant to these Articles and acting at a meeting of directors at which there is a quorum or by written resolution in accordance with these Articles; |
| **capital** | the share capital from time to time of the Company; |
| **Class A Ordinary Shares** | means the Class A Ordinary shares of a nominal or par value of US$0.1 each in the capital of the Company having the rights provided for in these Articles; |
| **Class B Ordinary Shares** | means the Class B Ordinary shares of a nominal or par value of US$0.1 each in the capital of the Company having the rights provided for in these Articles; |
| **clear days** | in relation to the period of a notice, that period excluding the day when the notice is given or deemed to be given and the day for which it is given or on which it is to take effect; |
| **Company** | the company for which these Articles are approved and confirmed; |
| **Compensation Committee** | the compensation committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **competent regulatory** | a competent regulatory authority in the territory; |
| **Conversion Date** | means the day on which that Conversion Notice is delivered; |
| **Conversion Notice** | means a written notice delivered to the Company (and as otherwise stated therein) stating that a holder of Class B Ordinary Shares elects to convert the number of Class B Ordinary Shares specified therein pursuant to Article 3; |
| **Conversion Right** | means the right of any holder of Class B Ordinary Shares, subject to the provisions of these Articles to convert all or any of its Class B Ordinary Shares into Class A Ordinary Shares in its discretion; |
| **debenture and debenture holder** | include debenture stock and debenture stockholder respectively; |
| **Designated Stock Exchange** | **the NYSE American;** |
| **Director** | a director, including a sole director, for the time being of the Company and shall include an Alternate Director; |
| **dollars and $** | dollars, the legal currency of the United States of America; |
| **Exchange Act** | the United States Securities Exchange Act of 1934, as amended; |
| **Electronic, Electronic Record and Electronic Signature** | as such term is defined in the Electronic Transactions Act (As Revised); |
| **Electronic Transactions Act** | means the Electronic Transactions Act (As Revised) of the Cayman Islands. |
| **FINRA** | Financial Industry Regulatory Authority; |
| **FINRA Rules** | the rules set forth by FINRA; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **head office** | such office of the Company as the Directors may from time to time determine to be the principal office of the Company; |
| **Member** | the person registered in the Register of Members as the holder of shares in the Company and, when two or more persons are so registered as joint holders of shares, means the person whose name stands first in the Register of Members as one of such joint holders or all of such persons, as the context so requires; |
| **Memorandum** | the memorandum of association of the Company in their present form or as supplemented or amended or substituted from time to time; |
| **month** | calendar month; |
| **Nomination Committee** | the nomination committee of the Company formed by the Board pursuant to Article 30.1 hereof, or any successor audit committee |
| **Notice** | written notice as further provided in these Articles unless otherwise specifically stated; |
| **Office** | the registered office of the Company for the time being; |
| **Officer** | any person appointed by the Board to hold an office in the Company; |
| **ordinary resolution** | a resolution passed at a general meeting (or, if so specified, a meeting of Members holding a class of shares) of the Company by a simple majority of the votes cast, or a written resolution passed by the unanimous consent of all Members entitled to vote; |
| **paid-up** | paid-up or credited as paid-up; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Person** | means an individual, a partnership, a company, an exempted company, a corporation, a limited liability company, an association, a joint stock company, a trust, a joint venture, an unincorporated organization, or other form of business organization, whether or not regarded as a legal entity under applicable law, or any Governmental Authority or any department, agency or political subdivision thereof; |
| **Register** | the principal register and where applicable, any branch register of Members of the Company to be maintained at such place within or outside the Cayman Islands as the Board shall determine from time to time; |
| **Registration Office** | in respect of any class of share capital such place as the Board may from time to time determine to keep a branch register of Members in respect of that class of share capital and where (except in cases where the Board otherwise directs) the transfers or other documents of title for such class of share capital are to be lodged for registration and are to be registered |
| **Register of Directors and Officers** | the register of directors and officers referred to in these Articles; |
| **Register of Members** | the register of members maintained by the Company in accordance with the Act; |
| **Seal** | the common seal or any official or duplicate seal of the Company; |
| **SEC** | the United States Securities and Exchange Commission; |
| **Secretary** | the person appointed to perform any or all of the duties of secretary of the Company and includes any deputy or assistant secretary and any person appointed by the Board to perform any of the duties of the Secretary; |

---

**NFT Limited**

---

| | |
|:---|:---|
| **Share and Shares** | a share or shares of any class or series in the share capital of the Company and includes a fraction of a share; |

---

---

| | | |
|:---|:---|:---|
| **Special Resolution** | (i) | a resolution passed by a majority of at least two-thirds of such members as, being entitled to do so, vote in person or by proxy at a general meeting of which notice specifying the intention to propose a resolution as a special resolution has been duly given (and for the avoidance of doubt, unanimity qualifies as a majority); or |
|  | (ii) | a written resolution passed by unanimous consent of all Members entitled to vote; |

---

---

| | |
|:---|:---|
| **Statutes** | the Act and every other law of the Legislature of the Cayman Islands for the time being in force applying to or affecting the Company, its Memorandum of Association and/or these Articles; |
| **written resolution** | a resolution passed in accordance with these Articles; and |
| **year** | calendar year. |

---

1.2. In
 these Articles, where not inconsistent with the context:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words
 denoting the masculine gender include the feminine and neuter genders;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 words:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) "may"
 shall be construed as permissive; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) "shall"
 shall be construed as imperative;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) a
 reference to statutory provision shall be deemed to include any amendment or re-enactment
 thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) the
 word "corporation" means corporation whether or not a company within the meaning
 of the Act; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) unless
 otherwise provided herein, words or expressions defined in the Act shall bear the same meaning
 in these Articles.

1.3. In
 these Articles expressions referring to writing or its cognates shall, unless the contrary
 intention appears, include facsimile, printing, lithography, photography, electronic mail
 and other modes of representing words in visible form.

1.4. Headings
 used in these Articles are for convenience only and are not to be used or relied upon in
 the construction hereof.

1.5. References
 to a document being executed include references to it being executed under hand or under
 seal or by Electronic Signature or by any other method and references to a notice or document
 include a notice or document recorded or stored in any digital, electronic, electrical, magnetic
 or other retrievable form or medium and information in visible form whether having physical
 substance or not.

2. share
 capital

2.1. The
 share capital of the Company at the date on which these Articles come into effect shall be
 as stated in clause 8 of the Memorandum.

2.2. Subject
 to the Act, the Company's Memorandum and Articles of Association and, where applicable,
 the rules of the Designated Stock Exchange and/or any competent regulatory authority, the
 Company shall have the power to purchase or otherwise acquire its own shares and such power
 shall be exercisable by the Board in such manner, upon such terms and subject to such conditions
 as it in its absolute discretion thinks fit and any determination by the Board of the manner
 of purchase shall be deemed authorised by these Articles for purposes of the Act.

2.3. No
 share shall be issued to bearer.

**NFT Limited**

3. share
 rights

3.1. Subject
 to the provisions of the Act, the rules of the Designated Stock Exchange, the Company's
 Memorandum and Articles of Association and to any special rights conferred on the holders
 of any shares or class of shares, and without prejudice to Article 5 hereof, the share capital
 of the Company shall be divided into Class A Ordinary Shares and Class B Ordinary Shares
 with the following rights and restrictions attaching:

3.2. **Class A Ordinary Shares**. The Class A Ordinary Shares shall have the following rights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled to one (1) vote per share and to receive notice of, attend at and vote as a Member
 at any general meeting of the Company;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the event of a winding-up or dissolution of the Company, whether voluntary or involuntary
 or for the purpose of a reorganisation or otherwise or upon any distribution of capital,
 after payment first of the nominal amount and any share premium paid up on the Class A Ordinary
 Shares and after payment second of the nominal amount and any share premium paid up on any
 other class of shares in issue, the remaining assets of the Company shall be distributed
 pari passu to the holders of the Class A Ordinary Shares; and

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

3.3. **Class B Ordinary Shares**. The Class B Ordinary Shares shall have the following rights:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) be
 entitled to twenty (20) votes per share and to receive notice of, attend at and vote as a
 Member at any general meeting of the Company;

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

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) in
 the event of a winding-up or dissolution of the Company, whether voluntary or involuntary
 or for the purpose of a reorganisation or otherwise or upon any distribution of capital,
 after payment first of the nominal amount and any share premium paid up on the Class B Ordinary
 Shares and after payment second of the nominal amount and any share premium paid up on any
 other class of shares in issue, the remaining assets of the Company shall be distributed *pari passu* to the holders of the Class B Ordinary Shares;

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

4. variation
 of rights

4.1. Subject
 to the Act and without prejudice to Article 3, all or any of the special rights for the time
 being attached to the shares or any class of shares may, unless otherwise provided by the
 terms of issue of the shares of that class, from time to time (whether or not the Company
 is being wound up) be varied, modified or abrogated with the sanction of a Special Resolution
 passed at a separate general meeting of the holders of the shares of that class. To every
 such separate general meeting all the provisions of these Articles relating to general meetings
 of the Company shall, mutatis mutandis, apply, but so that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 necessary quorum (whether at a separate general meeting or at its adjourned meeting) shall
 be a person or persons or (in the case of a Member being a corporation) its duly authorized
 representative together holding or representing by proxy not less than one third in nominal
 value of the issued voting shares of that class;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) every
 holder of shares of the class shall be entitled on a poll to one vote for every such share
 held by him; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 holder of shares of the class present in person or by proxy or authorised representative
 may demand a poll.

4.2. The
 special rights conferred upon the holders of any shares or class of shares shall not, unless
 otherwise expressly provided in the rights attaching to or the terms of issue of such shares,
 be deemed to be varied, modified or abrogated by the creation or issue of further shares
 ranking pari passu therewith.

**NFT Limited**

5. POWER
 TO ISSUE SHARES

5.1. Subject
 to the Act, these Articles and, where applicable, the rules of the Designated Stock Exchange
 and without prejudice to any special rights or restrictions for the time being attached to
 any shares or any class of shares, the unissued shares of the Company (whether forming part
 of the original or any increased capital) shall be at the disposal of the Board, which may
 offer, allot, grant options over or otherwise dispose of them to such persons, at such times
 and for such consideration and upon such terms and conditions as the Board may in its absolute
 discretion determine but so that no shares shall be issued at a discount, except in accordance
 with the provisions of Act. In particular and without prejudice to the generality of the
 foregoing, the Board is hereby empowered to authorize by resolution or resolutions from time
 to time the issuance of one or more classes or series of preferred shares and to fix the
 designations, powers, preferences and relative, participating, optional and other rights,
 if any, and the qualifications, limitations and restrictions thereof, if any, including,
 without limitation, the number of shares constituting each such class or series, dividend
 rights, conversion rights, redemption privileges, voting powers, full or limited or no voting
 powers, and liquidation preferences, and to increase or decrease the size of any such class
 or series (but not below the number of shares of any class or series of preferred shares
 then outstanding) to the extent permitted by Act. Without limiting the generality of the
 foregoing, the resolution or resolutions providing for the establishment of any class or
 series of preferred shares may, to the extent permitted by law, provide that such class or
 series shall be superior to, rank equally with or be junior to the preferred shares of any
 other class or series.

5.2. Neither
 the Company nor the Board shall be obliged, when making or granting any allotment of, offer
 of, option over or disposal of shares, to make, or make available, any such allotment, offer,
 option or shares to Members or others with registered addresses in any particular territory
 or territories being a territory or territories where, in the absence of a registration statement
 or other special formalities, this would or might, in the opinion of the Board, be unlawful
 or impracticable. Members affected as a result of the foregoing sentence shall not be, or
 be deemed to be, a separate class of members for any purpose whatsoever.

5.3. The
 Board may issue options, warrants or convertible securities or securities of similar nature
 conferring the right upon the holders thereof to subscribe for, purchase or receive any class
 of shares or securities in the capital of the Company on such terms as it may from time to
 time determine.

5.4. The
 Company may in connection with the issue of any shares exercise all powers of paying commission
 and brokerage conferred or permitted by the Act. Subject to the Act, the commission may be
 satisfied by the payment of cash or by the allotment of fully or partly paid shares or partly
 in one and partly in the other.

**NFT Limited**

5.5. Except
 as required by law, no person shall be recognised by the Company as holding any share upon
 any trust and the Company shall not be bound by or required in any way to recognise (even
 when having notice thereof) any equitable, contingent, future or partial interest in any
 share or any fractional part of a share or (except only as otherwise provided by these Articles
 or by law) any other rights in respect of any share except an absolute right to the entirety
 thereof in the registered holder.

5.6. Subject
 to the Act and these Articles, the Board may at any time after the allotment of shares but
 before any person has been entered in the Register as the holder, recognise a renunciation
 thereof by the allottee in favour of some other person and may accord to any allottee of
 a share a right to effect such renunciation upon and subject to such terms and conditions
 as the Board considers fit to impose

6. SHARE
 CERTIFICATES

6.1. If
 shares are issued in the form of a physical share certificate, every share certificate shall
 be issued under the Seal or a facsimile thereof or with the Seal printed thereon and shall
 specify the number and class and distinguishing numbers (if any) of the shares to which it
 relates, and the amount paid up thereon and may otherwise be in such form as the Directors
 may from time to time determine. No certificate shall be issued representing shares of more
 than one class. The Board may by resolution determine, either generally or in any particular
 case or cases, that any signatures on any such certificates (or certificates in respect of
 other securities) need not be autographic but may be affixed to such certificates by some
 mechanical means or may be printed thereon. Alternatively, shares may be issued via book
 entry form evidenced by a Statement of Account duly maintained and recorded by the Company's
 transfer agent.

6.2. In
 the case of a share held jointly by several persons, the Company shall not be bound to issue
 more than one certificate therefor and delivery of a certificate to one of several joint
 holders shall be sufficient delivery to all such holders.

6.3. Where
 a share stands in the names of two or more persons, the person first named in the Register
 shall as regards service of notices and, subject to the provisions of these Articles, all
 or any other matters connected with the Company, except the transfer of the shares, be deemed
 the sole holder thereof.

6.4. Every
 person whose name is entered, upon an allotment of shares, as a Member in the Register shall
 be entitled, upon payment of such fee as the Directors may from time to time determine, to
 receive one certificate for all such shares of any one class or several certificates each
 for one or more of such shares of such class upon payment for every certificate of such fee
 as the Directors may from time to time determine.

**NFT Limited**

6.5. Where
 applicable, share certificates shall be issued within the relevant time limit as prescribed
 by the Act or as the Designated Stock Exchange may from time to time determine, whichever
 is the shorter, after allotment or, except in the case of a transfer which the Company is
 for the time being entitled to refuse to register and does not register, after lodgment of
 a transfer with the Company.

6.6. Upon
 every transfer of shares the certificate (if any) held by the transferor shall be given up
 to be cancelled, and shall forthwith be cancelled accordingly, and, subject to Article 6.4,
 a new certificate shall be issued to the transferee in respect of the shares transferred
 to him. If any of the shares included in the certificate so given up shall be retained by
 the transferor a new certificate for the balance shall be issued to him at the aforesaid
 fee payable by the transferor to the Company in respect thereof.

6.7. If
 a share certificate shall be damaged or defaced or alleged to have been lost, stolen or destroyed
 a new certificate representing the same shares may be issued to the relevant Member upon
 request and on payment of such fee as the Company may determine and, subject to compliance
 with such terms (if any) as to evidence and indemnity and to payment of the costs and reasonable
 out of pocket expenses of the Company in investigating such evidence and preparing such indemnity
 as the Board may think fit and, in case of damage or defacement, on delivery of the old certificate
 to the Company provided always that where share warrants have been issued, no new share warrant
 shall be issued to replace one that has been lost unless the Board has determined that the
 original has been destroyed.

7. alteration
 of capital

7.1. Subject
 to the Act, the Company may from time to time by ordinary resolution alter the conditions
 of its Memorandum of Association to:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) increase
 its capital by such sum, to be divided into shares of such amounts, as the resolution shall
 prescribe;

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

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without
 prejudice to the powers of the Board under Article 5, divide its shares into several classes
 and without prejudice to any special rights previously conferred on the holders of existing
 shares attach thereto respectively any preferential, deferred, qualified or special rights,
 privileges, conditions or such restrictions which in the absence of any such determination
 by the Company in general meeting, as the Directors may determine provided always that, for
 the avoidance of doubt, where a class of shares has been authorized by the Company no resolution
 of the Company in general meeting is required for the issuance of shares of that class and
 the Directors may issue shares of that class and determine such rights, privileges, conditions
 or restrictions attaching thereto as aforesaid, and further provided that where the Company
 issues shares which do not carry voting rights, the words "non voting" shall
 appear in the designation of such shares and where the equity capital includes shares with
 different voting rights, the designation of each class of shares, other than those with the
 most favourable voting rights, must include the words "restricted voting" or
 "limited voting";

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) subdivide
 its shares, or any of them, into shares of smaller amount than is fixed by the Company's
 Memorandum of Association (subject, nevertheless, to the Act), and may by such resolution
 determine that, as between the holders of the shares resulting from such subdivision, one
 or more of the shares may have any such preferred, deferred or other rights or be subject
 to any such restrictions as compared with the other or others as the Company has power to
 attach to unissued or new shares; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) cancel
 any shares which, at the date of the passing of the resolution, have not been taken, or agreed
 to be taken, by any person, and diminish the amount of its capital by the amount of the shares
 so cancelled or, in the case of shares, without par value, diminish the number of shares
 into which its capital is divided.

7.2. The
 Board may settle as it considers expedient any difficulty which arises in relation to any
 consolidation and division under the last preceding Article and in particular but without
 prejudice to the generality of the foregoing may issue certificates in respect of fractions
 of shares or arrange for the sale of the shares representing fractions and the distribution
 of the net proceeds of sale (after deduction of the expenses of such sale) in due proportion
 amongst the Members who would have been entitled to the fractions, and for this purpose the
 Board may authorise some person to transfer the shares representing fractions to their purchaser
 or resolve that such net proceeds be paid to the Company for the Company's benefit.
 Such purchaser will not be bound to see to the application of the purchase money nor will
 his title to the shares be affected by any irregularity or invalidity in the proceedings
 relating to the sale.

**NFT Limited**

7.3. The
 Company may from time to time by Special Resolution, subject to any confirmation or consent
 required by the Act, reduce its share capital or any capital redemption reserve or other
 undistributable reserve in any manner permitted by law.

7.4. Except
 so far as otherwise provided by the conditions of issue, or by these Articles, any capital
 raised by the creation of new shares shall be treated as if it formed part of the original
 capital of the Company, and such shares shall be subject to the provisions contained in these
 Articles

8. register
 of members

8.1. The
 Company shall cause to be kept in one or more books a Register of Members which may be kept
 in or outside the Cayman Islands at such place as the Board shall appoint and shall enter
 therein the following particulars:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the
 name and address of each Member, the number, and (where appropriate) the class of shares
 held by such Member and the amount paid or agreed to be considered as paid on such shares;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) whether
 the shares held by a Member carry voting rights under the Articles and, if so, whether such
 voting rights are conditional;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 date on which each person was entered in the Register of Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) the
 date on which any person ceased to be a Member.

8.2. The
 Company may cause to be kept in any country or territory one or more branch registers of
 such category or categories of members as the Board may determine from time to time and any
 branch register shall be deemed to be part of the Company's Register of Members.

8.3. Any
 register maintained by the Company in respect of listed shares may be kept by recording the
 particulars set out in Article 8.1 in a form otherwise than legible if such recording otherwise
 complies with the laws applicable to and the rules and regulations of the relevant approved
 stock exchange.

**NFT Limited**

8.4. The
 Register and branch register of Members, as the case may be, shall be open to inspection
 for such times and on such days as the Board shall determine by Members without charge or
 by any other person, upon a maximum payment of $2.50 or such other sum specified by the Board,
 at the Office or Registration Office or such other place at which the Register is kept in
 accordance with the Act. The Register including any overseas or local or other branch register
 of Members may, subject to compliance with any notice requirement of the Designated Stock
 Exchange, be closed at such times or for such periods not exceeding in the whole thirty (30)
 days in each year as the Board may determine and either generally or in respect of any class
 of shares.

9. RECORD
 DATES

9.1. For
 the purpose of determining the Members entitled to notice of or to vote at any general meeting,
 or any adjournment thereof, or entitled to express consent to corporate action in writing
 without a meeting, or entitled to receive payment of any dividend or other distribution or
 allotment of any rights, or entitled to exercise any rights in respect of any change, conversion
 or exchange of shares or for the purpose of any other lawful action, the Board may fix, in
 advance, a date as the record date for any such determination of Members, which date shall
 not be more than sixty (60) days nor less than ten (10) days before the date of such meeting,
 nor more than sixty (60) days prior to any other such action.

9.2. If
 the Board does not fix a record date for any general meeting, the record date for determining
 the Members entitled to a notice of or to vote at such meeting shall be at the close of business
 on the day next preceding the day on which notice is given, or, if in accordance with these
 Articles notice is waived, at the close of business on the day next preceding the day on
 which the meeting is held. If corporate action without a general meeting is to be taken,
 the record date for determining the Members entitled to express consent to such corporate
 action in writing, when no prior action by the Board is necessary, shall be the first date
 on which a signed written consent setting forth the action taken or proposed to be taken
 is delivered to the Company by delivery to its head office. The record date for determining
 the Members for any other purpose shall be at the close of business on the day on which the
 Board adopts the resolution relating thereto.

9.3. A
 determination of the Members of record entitled to notice of or to vote at a meeting of the
 Members shall apply to any adjournment of the meeting; provided, however, that the Board
 may fix a new record date for the adjourned meeting.

**NFT Limited**

10. TRANSFER
 OF SHARES

10.1. Subject
 to these Articles and the requirements of the Designated Stock Exchange, any Member may transfer
 all or any of his shares by an instrument of transfer in the usual or common form or in a
 form prescribed by the Designated Stock Exchange or in any other form approved by the Board
 and may be under hand or, if the transferor or transferee is a clearing house or a central
 depository house or its nominee(s), by hand or by machine imprinted signature or by Electronic
 Signature or by such other manner of execution as the Board may approve from time to time.

10.2. The
 instrument of transfer shall be executed by or on behalf of the transferor and the transferee
 provided that the Board may dispense with the execution of the instrument of transfer by
 the transferee in any case which it thinks fit in its discretion to do so. Without prejudice
 to the last preceding Article, the Board may also resolve, either generally or in any particular
 case, upon request by either the transferor or transferee, to accept mechanically executed
 transfers. The transferor shall be deemed to remain the holder of the share until the name
 of the transferee is entered in the Register in respect thereof. Nothing in these Articles
 shall preclude the Board from recognising a renunciation of the allotment or provisional
 allotment of any share by the allottee in favour of some other person.

10.3. The
 Board may, in its absolute discretion, and without giving any reason therefor, refuse to
 register a transfer of any share made in accordance with Article 10.2 but only where such
 share is not a fully paid up share (and being transferred to a person of whom it does not
 approve), or any share issued under any share incentive scheme for employees or pursuant
 to any other agreement, contract or other such arrangement, upon which a restriction on transfer
 imposed thereby still subsists, and it may also, without prejudice to the foregoing generality,
 refuse to register a transfer of any share to more than four joint holders.

10.4. The
 Board in so far as permitted by any applicable law may, in its absolute discretion, at any
 time and from time to time transfer any share upon the Register to any branch register or
 any share on any branch register to the Register or any other branch register. In the event
 of any such transfer, the shareholder requesting such transfer shall bear the cost of effecting
 the transfer unless the Board otherwise determines.

**NFT Limited**

10.5. Unless
 the Board otherwise agrees (which agreement may be on such terms and subject to such conditions
 as the Board in its absolute discretion may from time to time determine, and which agreement
 the Board shall, without giving any reason therefore, be entitled in its absolute discretion
 to give or withhold), no shares upon the Register shall be transferred to any branch register
 nor shall shares on any branch register be transferred to the Register or any other branch
 register and all transfers and other documents of title shall be lodged for registration,
 and registered, in the case of any shares on a branch register, at the relevant Registration
 Office, and, in the case of any shares on the Register, at the Office or such other place
 at which the Register is kept in accordance with the Act.

10.6. Without
 limiting the generality of the last preceding Article, the Board may decline to recognise
 any instrument of transfer unless:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the
 instrument of transfer is in respect of only one class of share;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 instrument of transfer is lodged at the Office or such other place at which the Register
 is kept in accordance with the Act or the Registration Office (as the case may be) accompanied
 by the relevant share certificate(s) and such other evidence as the Board may reasonably
 require to show the right of the transferor to make the transfer (and, if the instrument
 of transfer is executed by some other person on his behalf, the authority of that person
 so to do);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if
 applicable, the instrument of transfer is duly and properly stamped; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 transfer is not to more than four joint holders;

10.7. If
 the Board refuses to register a transfer of any share, it shall, within one month after the
 date on which the transfer was lodged with the Company, send to each of the transferor and
 transferee notice of the refusal.

10.8. The
 registration of transfers of shares or of any class of shares may, on fourteen (14) days'
 calendar notice being given by advertisement in such one or more newspapers or by electronic
 means, be suspended and the register closed at such times and for such periods as the Board
 may from time to time determine, provided, however, that the registration of transfers shall
 not be suspended nor the register closed for more than thirty (30) calendar days in any year.

**NFT Limited**

11. transmission
 of registered shares

11.1. In
 the case of the death of a Member, the survivor or survivors where the deceased Member was
 a joint holder, and the legal personal representatives of the deceased Member where the deceased
 Member was a sole holder, shall be the only persons recognised by the Company as having any
 title to the deceased Member's interest in the shares. Nothing herein contained shall
 release the estate of a deceased joint holder from any liability in respect of any share
 which had been jointly held by such deceased Member with other persons. Subject to the provisions
 of Section 39 of the Act, for the purpose of this Article, legal personal representative
 means the executor or administrator of a deceased Member or such other person as the Board
 may, in its absolute discretion, decide as being properly authorised to deal with the shares
 of a deceased Member.

11.2. Any
 person becoming entitled to a share in consequence of the death or bankruptcy of any Member
 may be registered as a Member upon such evidence as the Board may deem sufficient or may
 elect to nominate some person to be registered as a transferee of such share. If he elects
 to become the holder he shall notify the Company in writing either at the Registration Office
 or Office, as the case may be, to that effect. If he elects to have another person registered
 he shall execute a transfer of the share in favour of that person. The provisions of these
 Articles relating to the transfer and registration of transfers of shares shall apply to
 such notice or transfer as aforesaid as if the death or bankruptcy of the Member had not
 occurred and the notice or transfer were a transfer signed by such Member.

11.3. A
 person becoming entitled to a share by reason of the death or bankruptcy or winding-up of
 a Member shall be entitled to the same dividends and other advantages to which he would be
 entitled if he were the registered holder of the share. However, the Board may, if it thinks
 fit, withhold the payment of any dividend payable or other advantages in respect of such
 share until such person shall become the registered holder of the share or shall have effectually
 transferred such share, but, subject to the requirements of Article 17.12 being met, such
 a person may vote at meetings.

**NFT Limited**

12. Listed
 Shares

12.1. Notwithstanding
 anything to the contrary in these Articles, shares that are listed or admitted to trading
 on an approved stock exchange may be evidenced and transferred in accordance with the rules
 and regulations of such exchange.

13. untraceable
 members

13.1. Without
 prejudice to the rights of the Company under Article 13.2, the Company may cease sending
 cheques for dividend entitlements or dividend warrants by post if such cheques or warrants
 have been left uncashed on two consecutive occasions. However, the Company may exercise the
 power to cease sending cheques for dividend entitlements or dividend warrants after the first
 occasion on which such a cheque or warrant is returned undelivered.

13.2. The
 Company shall have the power to sell, in such manner as the Board thinks fit, any shares
 of a Member who is untraceable, but no such sale shall be made unless:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 cheques or warrants in respect of dividends of the shares in question, being not less than
 three in total number, for any sum payable in cash to the holder of such shares in respect
 of them sent during the relevant period in the manner authorised by the Articles have remained
 uncashed;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) so
 far as it is aware at the end of the relevant period, the Company has not at any time during
 the relevant period received any indication of the existence of the Member who is the holder
 of such shares or of a person entitled to such shares by death, bankruptcy or operation of
 law; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the
 Company, if so required by the rules governing the listing of shares on the Designated Stock
 Exchange, has given notice to, and caused advertisement in newspapers to be made in accordance
 with the requirements of, the Designated Stock Exchange of its intention to sell such shares
 in the manner required by the Designated Stock Exchange, and a period of three (3) months
 or such shorter period as may be allowed by the Designated Stock Exchange has elapsed since
 the date of such advertisement.

For the purpose of the foregoing, the "relevant period" means the period commencing twelve (12) years before the date of publication of the advertisement referred to in paragraph (c) of this Article and ending at the expiry of the period referred to in that paragraph.

**NFT Limited**

13.3. To
 give effect to any such sale the Board may authorise some person to transfer the said shares
 and an instrument of transfer signed or otherwise executed by or on behalf of such person
 shall be as effective as if it had been executed by the registered holder or the person entitled
 by transmission to such shares, and the purchaser shall not be bound to see to the application
 of the purchase money nor shall his title to the shares be affected by any irregularity or
 invalidity in the proceedings relating to the sale. The net proceeds of the sale will belong
 to the Company and upon receipt by the Company of such net proceeds it shall become indebted
 to the former Member for an amount equal to such net proceeds. No trust shall be created
 in respect of such debt and no interest shall be payable in respect of it and the Company
 shall not be required to account for any money earned from the net proceeds which may be
 employed in the business of the Company or as it thinks fit. Any sale under this Article
 13 shall be valid and effective notwithstanding that the Member holding the shares sold is
 dead, bankrupt or otherwise under any legal disability or incapacity.

14. general
 meetings

14.1. An
 annual general meeting of the Company shall be held in each year other than the year in which
 these Articles were adopted at such time and place as may be determined by the Board.

14.2. Each
 general meeting, other than an annual general meeting, shall be called an extraordinary general
 meeting. Extraordinary general meetings may be held at such times and in any location in
 the world as may be determined by the Board. To the extent that Members hold in aggregate
 less than thirty percent (30%) of the outstanding voting shares in the Company, they cannot:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Call
 general meetings or annual general meetings; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Include
 matters for consideration at shareholder meetings.

14.3. Only
 a majority of the Board may call extraordinary general meetings, which extraordinary general
 meetings shall be held at such times and locations (as permitted hereby) as such person or
 persons shall determine.

**NFT Limited**

14.4. The
 Board shall, on the requisition of Members holding at the date of the deposit of the requisition
 not less than one-tenth of such of the paid-up share capital of the Company as at the date
 of the deposit carries the right to vote at general meetings, forthwith proceed to convene
 an extraordinary general meeting. To be effective the requisition shall state the objects
 of the meeting, shall be in writing, signed by the requisitionists, and shall be deposited
 at the registered office. The requisition may consist of several documents in like form each
 signed by one or more requisitionists.

14.5. If
 the Board does not, within twenty-one days from the date of the requisition, duly proceed
 to call an extraordinary general meeting, the requisitionists, or any of them representing
 more than one half of the total voting rights of all of them, may themselves convene an extraordinary
 general meeting; but any meeting so called shall not be held more than ninety days after
 the requisition. An extraordinary general meeting called by requisitionists shall be called
 in the same manner, as nearly as possible, as that in which general meetings are to be called
 by the Board.

15. NOTICE
 OF GENERAL MEETING

15.1. Any
 general meeting (whether an annual general meeting or an extraordinary general meeting) may
 be called by not less than (i) ten (10) clear days' Notice in the case of an annual
 general meeting or (ii) fourteen (14) clear days' Notice in the case of an extraordinary
 general meeting, save that any such annual or extraordinary general meeting may be called
 by shorter notice, subject to the Act, if it is so agreed:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) in
 the case of a meeting called as an annual general meeting, by all the Members entitled to
 attend and vote thereat; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in
 the case of any other meeting, by a majority in number of the Members having the right to
 attend and vote at the meeting, being a majority together holding not less than ninety five
 per cent. (95%) in nominal value of the issued shares giving that right.

15.2. The
 Notice shall specify the time and place of the meeting and, in the case of special business,
 the general nature of the business to be conducted and further, in the case of any matter
 for which approval by Special Resolution shall be required, the intention to propose such
 a Special Resolution. The Notice convening an annual general meeting shall specify the meeting
 as such. Notice of every general meeting shall be given to all Members other than to such
 Members as, under the provisions of these Articles or the terms of issue of the shares they
 hold, are not entitled to receive such notices from the Company, to all persons entitled
 to a share in consequence of the death or bankruptcy or winding up of a Member and to each
 of the Directors and the Auditors.

**NFT Limited**

15.3. A
 Member may give notice to the Company of business proposed to be brought before an annual
 general meeting provided that such notice of proposal of business must be delivered to, or
 mailed and received at the principal executive offices of the Company not less than ninety
 (90) days and not more than one hundred and twenty (120) days prior to the one-year anniversary
 of the preceding year's annual general meeting; provided, however, that if the date
 of the annual general meeting is more than thirty (30) days before or more than sixty (60)
 days after such anniversary date, such notice by the Member, to be timely, must be so delivered,
 or so mailed and received, not later than the ninetieth (90th) day prior to such annual general
 meeting or, if later, the tenth (10th) day following the day on which "public disclosure"
 of the date of such meeting was first made by the Company (such notice within such time periods,
 "Timely Notice"). In no event shall any adjournment or postponement of an annual
 general meeting, or the announcement thereof, commence a new time period (or extend any time
 period) for the giving of Timely Notice as described above. For purposes of these Articles,
 "public disclosure" shall mean disclosure in a press release reported by a national
 news service or in a document publicly filed by the Company with the SEC pursuant to Sections
 13, 14 or 15(d) of the Exchange Act or publicly filed according to applicable law.

15.4. The
 accidental omission to give Notice of a meeting or (in cases where instruments of proxy are
 sent out with the Notice) to send such instrument of proxy to, or the non receipt of such
 Notice or such instrument of proxy by, any person entitled to receive such Notice shall not
 invalidate any resolution passed or the proceedings at that meeting.

16. PROCEEDINGS
 AT GENERAL MEETINGS

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

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) appointment
 of Auditors (where special notice of the intention for such appointment is not required by
 the Act) and other officers; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) the
 fixing of the remuneration of the Auditors, and the voting of remuneration or extra remuneration
 to the Directors.

**NFT Limited**

16.2. No
 business other than the appointment of a chairman of a meeting shall be transacted at any
 general meeting unless a quorum is present at the commencement of the business. At any general
 meeting of the Company, one (1) Member entitled to vote and present in person or by proxy
 or (in the case of a Member being a corporation) by its duly authorised representative representing
 not less than one-third in nominal value of the total issued voting shares in the Company
 throughout the meeting shall form a quorum for all purposes.

16.3. If
 within fifteen (15) minutes from the time appointed for the meeting a quorum is not present,
 the meeting, if convened upon the requisition of shareholders, shall be cancelled. In any
 other case it shall stand adjourned to the same time and place seven days or to such other
 time or place as is determined by the Directors. If at such adjourned meeting a quorum is
 not present within half an hour from the time appointed for holding the meeting, the meeting
 shall be dissolved. The Chairman may, with the consent of a meeting at which a quorum is
 present, adjourn the meeting. When a meeting is adjourned for seven (7) days or more, notice
 of the adjourned meeting shall be given in accordance with the articles.

16.4. The
 chairman of the Board shall preside as chairman at every general meeting. If at any meeting
 the chairman is not present within fifteen (15) minutes after the time appointed for holding
 the meeting, or is not willing to act as chairman, the Directors present shall choose one
 of their number to act, or if one Director only is present he shall preside as chairman if
 willing to act. If no Director is present, or if each of the Directors present declines to
 take the chair, or if the chairman chosen shall retire from the chair, the Members present
 in person or (in the case of a Member being a corporation) by its duly authorised representative
 or by proxy and entitled to vote shall elect one of their number to be chairman.

16.5. The
 chairman may adjourn the meeting from time to time and from place to place, but no business
 shall be transacted at any adjourned meeting other than the business which might lawfully
 have been transacted at the meeting had the adjournment not taken place. When a meeting is
 adjourned for fourteen (14) days or more, at least seven (7) clear days' notice of
 the adjourned meeting shall be given specifying the time and place of the adjourned meeting
 but it shall not be necessary to specify in such notice the nature of the business to be
 transacted at the adjourned meeting and the general nature of the business to be transacted.
 Save as aforesaid, it shall be unnecessary to give notice of an adjournment.

**NFT Limited**

16.6. If
 an amendment is proposed to any resolution under consideration but is in good faith ruled
 out of order by the chairman of the meeting, the proceedings on the substantive resolution
 shall not be invalidated by any error in such ruling. In the case of a resolution duly proposed
 as a Special Resolution, no amendment thereto (other than a mere clerical amendment to correct
 a patent error) may in any event be considered or voted upon.

17. VOTING

17.1. Subject
 to any special rights or restrictions as to voting for the time being attached to any shares
 by or in accordance with these Articles (including without limitation any enhanced voting
 rights as may be provided for in Article 3), at any general meeting on a show of hands every
 holder of Class A Ordinary Shares present in person (or being a corporation, is present by
 a duly authorised representative), or by proxy shall have one (1) vote and every holder of
 Class B Ordinary Shares present in person (or being a corporation, is present by a duly authorised
 representative), or by proxy shall have twenty (20) votes per share; and on a poll every
 Member present in person or by proxy or, in the case of a Member being a corporation, by
 its duly authorised representative shall have one (1) vote in the case of holders of Class
 A Ordinary Shares and twenty (20) votes in the case of holders of Class B Ordinary Shares
 for every share of which he is the holder, but so that no amount paid up or credited as paid
 up on a share in advance of calls or instalments is treated for the foregoing purposes as
 paid up on the share. Notwithstanding anything contained in these Articles, where more than
 one proxy is appointed by a Member which is a clearing house or a central depository house
 (or its nominee(s)), each such proxy shall have one vote on a show of hands. A resolution
 put to the vote of a meeting shall be decided on a show of hands unless (before or on the
 declaration of the result of the show of hands or on the withdrawal of any other demand for
 a poll) a poll is demanded:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) by
 at least three Members present in person or (in the case of a Member being a corporation)
 by its duly authorised representative or by proxy for the time being entitled to vote at
 the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) by
 a Member or Members present in person or (in the case of a Member being a corporation) by
 its duly authorised representative or by proxy and representing not less than one tenth of
 the total voting rights of all Members having the right to vote at the meeting; or

**NFT Limited**

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

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

A demand by a person as proxy for a Member or in the case of a Member being a corporation by its duly authorised representative shall be deemed to be the same as a demand by a Member.

17.2. Unless
 a poll is duly demanded and the demand is not withdrawn, a declaration by the chairman that
 a resolution has been carried, or carried unanimously, or by a particular majority, or not
 carried by a particular majority, or lost, and an entry to that effect made in the minute
 book of the Company, shall be conclusive evidence of the facts without proof of the number
 or proportion of the votes recorded for or against the resolution.

17.3. If
 a poll is duly demanded the result of the poll shall be deemed to be the resolution of the
 meeting at which the poll was demanded. There shall be no requirement for the chairman to
 disclose the voting figures on a poll.

17.4. A
 poll demanded on the election of a chairman, or on a question of adjournment, shall be taken
 forthwith. A poll demanded on any other question shall be taken in such manner (including
 the use of ballot or voting papers or tickets) and either forthwith or at such time (being
 not later than thirty (30) days after the date of the demand) and place as the chairman directs.
 It shall not be necessary (unless the chairman otherwise directs) for notice to be given
 of a poll not taken immediately.

17.5. The
 demand for a poll shall not prevent the continuance of a meeting or the transaction of any
 business other than the question on which the poll has been demanded, and, with the consent
 of the chairman, it may be withdrawn at any time before the close of the meeting or the taking
 of the poll, whichever is the earlier.

**NFT Limited**

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

17.7. A
 person entitled to more than one vote on a poll need not use all his votes or cast all the
 votes he uses in the same way.

17.8. All
 questions submitted to a meeting shall be decided by a simple majority of votes except where
 a greater majority is required by these Articles or by the Act. In the case of an equality
 of votes, whether on a show of hands or on a poll, the chairman of such meeting shall be
 entitled to a second or casting vote in addition to any other vote he may have.

17.9. Where
 there are joint holders of any share any one of such joint holders may vote, either in person
 or by proxy, in respect of such share as if he were solely entitled thereto, but if more
 than one of such joint holders be present at any meeting the vote of the senior holder who
 tenders a vote, whether in person or by proxy, shall be accepted to the exclusion of the
 votes of the other joint holders, and for this purpose seniority shall be determined by the
 order in which the names stand in the Register in respect of the joint holding. Several executors
 or administrators of a deceased Member in whose name any share stands shall for the purposes
 of this Article be deemed joint holders thereof.

17.10. A
 Member who is a patient for any purpose relating to mental health or in respect of whom an
 order has been made by any court having jurisdiction for the protection or management of
 the affairs of persons incapable of managing their own affairs may vote, whether on a show
 of hands or on a poll, by his receiver, committee, curator bonis or other person in the nature
 of a receiver, committee or curator bonis appointed by such court, and such receiver, committee,
 curator bonis or other person may vote on a poll by proxy, and may otherwise act and be treated
 as if he were the registered holder of such shares for the purposes of general meetings,
 provided that such evidence as the Board may require of the authority of the person claiming
 to vote shall have been deposited at the Office, head office or Registration Office, as appropriate,
 not less than forty eight (48) hours before the time appointed for holding the meeting, or
 adjourned meeting or poll, as the case may be.

17.11. Any
 person entitled under Article 17.9 to be registered as the holder of any shares may vote
 at any general meeting in respect thereof in the same manner as if he were the registered
 holder of such shares, provided that forty eight (48) hours at least before the time of the
 holding of the meeting or adjourned meeting, as the case may be, at which he proposes to
 vote, he shall satisfy the Board of his entitlement to such shares, or the Board shall have
 previously admitted his right to vote at such meeting in respect thereof.

**NFT Limited**

17.12. No
 Member shall, unless the Board otherwise determines, be entitled to attend and vote and to
 be reckoned in a quorum at any general meeting unless he is duly registered and all calls
 or other sums presently payable by him in respect of shares in the Company have been paid.

17.13. If:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 objection shall be raised to the qualification of any voter; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 votes have been counted which ought not to have been counted or which might have been rejected;
 or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 votes are not counted which ought to have been counted;

the objection or error shall not vitiate the decision of the meeting or adjourned meeting on any resolution unless the same is raised or pointed out at the meeting or, as the case may be, the adjourned meeting at which the vote objected to is given or tendered or at which the error occurs. Any objection or error shall be referred to the chairman of the meeting and shall only vitiate the decision of the meeting on any resolution if the chairman decides that the same may have affected the decision of the meeting. The decision of the chairman on such matters shall be final and conclusive.

18. PROXIES

18.1. Any
 Member entitled to attend and vote at a meeting of the Company shall be entitled to appoint
 another person as his proxy to attend and vote instead of him. A Member who is the holder
 of two or more shares may appoint more than one proxy to represent him and vote on his behalf
 at a general meeting of the Company or at a class meeting. A proxy need not be a Member.
 In addition, a proxy or proxies representing either a Member who is an individual or a Member
 which is a corporation shall be entitled to exercise the same powers on behalf of the Member
 which he or they represent as such Member could exercise.

18.2. The
 instrument appointing a proxy shall be in writing under the hand of the appointor or of his
 attorney duly authorised in writing or, if the appointor is a corporation, either under its
 seal or under the hand of an officer, attorney or other person authorised to sign the same.
 In the case of an instrument of proxy purporting to be signed on behalf of a corporation
 by an officer thereof it shall be assumed, unless the contrary appears, that such officer
 was duly authorised to sign such instrument of proxy on behalf of the corporation without
 further evidence of the facts.

**NFT Limited**

18.3. The
 instrument appointing a proxy and (if required by the Board) the power of attorney or other
 authority (if any) under which it is signed, or a certified copy of such power or authority,
 shall be delivered to such place or one of such places (if any) as may be specified for that
 purpose in or by way of note to or in any document accompanying the notice convening the
 meeting (or, if no place is so specified at the Registration Office or the Office, as may
 be appropriate) not less than forty eight (48) hours before the time appointed for holding
 the meeting or adjourned meeting at which the person named in the instrument proposes to
 vote or, in the case of a poll taken subsequently to the date of a meeting or adjourned meeting,
 not less than twenty four (24) hours before the time appointed for the taking of the poll
 and in default the instrument of proxy shall not be treated as valid. No instrument appointing
 a proxy shall be valid after the expiration of twelve (12) months from the date named in
 it as the date of its execution, except at an adjourned meeting or on a poll demanded at
 a meeting or an adjourned meeting in cases where the meeting was originally held within twelve
 (12) months from such date. Delivery of an instrument appointing a proxy shall not preclude
 a Member from attending and voting in person at the meeting convened and in such event, the
 instrument appointing a proxy shall be deemed to be revoked.

18.4. Instruments
 of proxy shall be in any common form or in such other form as the Board may approve (provided
 that this shall not preclude the use of the two way form) and the Board may, if it thinks
 fit, send out with the notice of any meeting forms of instrument of proxy for use at the
 meeting. The instrument of proxy shall be deemed to confer authority to demand or join in
 demanding a poll and to vote on any amendment of a resolution put to the meeting for which
 it is given as the proxy thinks fit. The instrument of proxy shall, unless the contrary is
 stated therein, be valid as well for any adjournment of the meeting as for the meeting to
 which it relates.

18.5. A
 vote given in accordance with the terms of an instrument of proxy shall be valid notwithstanding
 the previous death or insanity of the principal, or revocation of the instrument of proxy
 or of the authority under which it was executed, provided that no intimation in writing of
 such death, insanity or revocation shall have been received by the Company at the Office
 or the Registration Office (or such other place as may be specified for the delivery of instruments
 of proxy in the notice convening the meeting or other document sent therewith) two (2) hours
 at least before the commencement of the meeting or adjourned meeting, or the taking of the
 poll, at which the instrument of proxy is used.

**NFT Limited**

18.6. Anything
 which under these Articles a Member may do by proxy he may likewise do by his duly appointed
 attorney and the provisions of these Articles relating to proxies and instruments appointing
 proxies shall apply mutatis mutandis in relation to any such attorney and the instrument
 under which such attorney is appointed.

19. CORPORATIONS
 ACTING BY REPRESENTATIVES

19.1. Any
 corporation which is a Member may by resolution of its directors or other governing body
 authorise such person as it thinks fit to act as its representative at any meeting of the
 Company or at any meeting of any class of Members. The person so authorised shall be entitled
 to exercise the same powers on behalf of such corporation as the corporation could exercise
 if it were an individual Member and such corporation shall for the purposes of these Articles
 be deemed to be present in person at any such meeting if a person so authorised is present
 thereat.

19.2. If
 a clearing house (or its nominee(s)) or a central depository, being a corporation, is a Member,
 it may authorise such persons as it thinks fit to act as its representatives at any meeting
 of the Company or at any meeting of any class of Members provided that the authorisation
 shall specify the number and class of shares in respect of which each such representative
 is so authorised. Each person so authorised under the provisions of this Article shall be
 deemed to have been duly authorised without further evidence of the facts and be entitled
 to exercise the same rights and powers on behalf of the clearing house or central depository
 (or its nominee(s)) as if such person was the registered holder of the shares of the Company
 held by the clearing house or central depository (or its nominee(s)) including the right
 to vote individually on a show of hands.

19.3. Any
 reference in these Articles to a duly authorised representative of a Member being a corporation
 shall mean a representative authorised under the provisions of this Article.

20. ACTING
 BY WRITTEN RESOLUTIONS OF MEMBERS

20.1. Members
 may pass a resolution in writing without holding a meeting if the following conditions are
 met:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 Members entitled to vote are given notice of the resolution as if the same were being proposed
 at a meeting of Members;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 Members entitled so to vote:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) sign
 a document; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) sign
 several documents in the like form each signed by one or more of those Members; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 signed document or documents is or are delivered to the Company, including, if the Company
 so nominates, by delivery of an Electronic Record by Electronic means to the address specified
 for that purpose.

Such written resolution shall be as effective as if it had been passed at a meeting of the Members entitled to vote duly convened and held.

21. BOARD
 OF DIRECTORS

21.1. Unless
 otherwise determined by the Company in general meeting, the number of Directors shall not
 be less than two (2). There shall be no maximum number of Directors unless otherwise determined
 from time to time by the Members in general meeting. The Directors shall be elected or appointed
 in the first place by the subscribers to the Memorandum of Association or by a majority of
 them and thereafter in accordance with Article 21.3. At any one time, at least majority of
 the Board of Directors shall be Independent Directors.

21.2. Subject
 to the Articles and the Act, the Company may by ordinary resolution elect any person to be
 a Director either to fill a casual vacancy or as an addition to the existing Board. Any Director
 so appointed shall hold office only until the next following annual general meeting of the
 Company or until his earlier his death, resignation, or removal.

21.3. The
 Directors by the affirmative vote of a simple majority of the remaining Directors present
 and voting at a Board meeting, shall have the power from time to time and at any time to
 appoint any person as a Director to fill a casual vacancy on the Board or as an addition
 to the existing Board, whether or not that person has previously served on the Board, subject
 to these Articles, applicable law and the listing rules of the Designated Stock Exchange.
 Any Director so appointed shall hold office until the next succeeding annual general meeting
 of Members or until his earlier death, resignation or removal.

**NFT Limited**

21.4. No
 Director shall be required to hold any shares of the Company by way of qualification and
 a Director who is not a Member shall be entitled to receive notice of and to attend and speak
 at any general meeting of the Company and of all classes of shares of the Company.

21.5. Subject
 to any provision to the contrary in these Articles, a Director may be removed by way of a
 Special Resolution of the Members at any time before the expiration of his period of office
 notwithstanding anything in these Articles or in any agreement between the Company and such
 Director (but without prejudice to any claim for damages under any such agreement).

21.6. A

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

21.7. The
 Company may from time to time in general meeting by ordinary resolution increase or reduce
 the number of Directors but so that the number of Directors shall never be less than two
 (2).

21.8. The
 Directors shall, as soon as may be after each appointment or election of Directors, elect
 amongst the Directors a chairman (the "Chairman") and if more than one Director
 is proposed for this office, the election to such office shall take place in such manner
 as the Directors may determine.

22. RETIREMENT
 OF DIRECTORS

22.1. Notwithstanding
 any other provisions in the Articles, the Directors of each Class shall retire from office
 once they have come to terms, provided that notwithstanding anything herein, the chairman
 of the Board shall not, whilst holding such office, be subject to retirement or be taken
 into account in determining the number of Directors to retire.

22.2. A
 retiring Director shall be eligible for re-election and shall continue to act as a Director
 throughout the meeting at which he retires. The Directors to retire shall include (so far
 as necessary to ascertain the number of directors to retire) any Director who wishes to retire
 and not to offer himself for re-election. Any further Directors so to retire shall be those
 of the other Directors subject to retirement who have been longest in office since their
 last re-election or appointment and so that 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 and, without limitation, the Directors to retire at the first annual
 general meeting shall be so determined.

**NFT Limited**

22.3. No
 person other than a Director retiring at the meeting shall, unless recommended by the Directors
 for election, be eligible for election as a Director at any general meeting unless a Notice
 signed by a Member (other than the person to be proposed) duly qualified to attend and vote
 at the meeting for which such notice is given of his intention to propose such person for
 election and also a Notice signed by the person to be proposed of his willingness to be elected
 shall have been lodged at the head office or at the Registration Office provided that the
 minimum length of the period, during which such Notice(s) are given, shall be at least seven
 (7) days and that the period for lodgment of such Notice(s) shall commence no earlier than
 the day after the despatch of the notice of the general meeting appointed for such election
 and end no later than seven (7) days prior to the date of such general meeting.

23. DISQUALIFICATION
 OF DIRECTORS

23.1. The
 office of a Director shall be vacated if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) resigns
 his office by notice in writing delivered to the Company at the Office or tendered at a meeting
 of the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) becomes
 of unsound mind or dies;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without
 special leave of absence from the Board, is absent from meetings of the Board for six consecutive
 months 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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) is
 prohibited by law from being a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) ceases
 to be a Director by virtue of any provision of the Statutes or is removed from office pursuant
 to these Articles.

**NFT Limited**

24. alternate
 DIRECTORS

24.1. Any
 Director may at any time by Notice delivered to the Office or head office or at a meeting
 of the Directors appoint any person (including another Director) to be his alternate Director.
 Any person so appointed shall have all the rights and powers of the Director or Directors
 for whom such person is appointed in the alternative provided that such person shall not
 be counted more than once in determining whether or not a quorum is present. An alternate
 Director may be removed at any time by the body which appointed him and, subject thereto,
 the office of alternate Director shall continue until the happening of any event which, if
 we were a Director, would cause him to vacate such office or if his appointer ceases for
 any reason to be a Director. Any appointment or removal of an alternate Director shall be
 effected by Notice signed by the appointor and delivered to the Office or head office or
 tendered at a meeting of the Board. An alternate Director may also be a Director in his own
 right and may act as alternate to more than one Director. An alternate Director shall, if
 his appointor so requests, be entitled to receive notices of meetings of the Board or of
 committees of the Board to the same extent as, but in lieu of, the Director appointing him
 and shall be entitled to such extent to attend and vote as a Director at any such meeting
 at which the Director appointing him is not personally present and generally at such meeting
 to exercise and discharge all the functions, powers and duties of his appointor as a Director
 and for the purposes of the proceedings at such meeting the provisions of these Articles
 shall apply as if he were a Director save that as an alternate for more than one Director
 his voting rights shall be cumulative.

24.2. An
 alternate Director shall only be a Director for the purposes of the Act and shall only be
 subject to the provisions of the Act insofar as they relate to the duties and obligations
 of a Director when performing the functions of the Director for whom he is appointed in the
 alternative and shall alone be responsible to the Company for his acts and defaults and shall
 not be deemed to be the agent of or for the Director appointing him. An alternate Director
 shall be entitled to contract and be interested in and benefit from contracts or arrangements
 or transactions and to be repaid expenses and to be indemnified by the Company to the same
 extent *mutatis mutandis* as if he were a Director but he shall not be entitled to receive
 from the Company any fee in his capacity as an alternate Director except only such part,
 if any, of the remuneration otherwise payable to his appointor as such appointor may by Notice
 to the Company from time to time direct.

24.3. Every
 person acting as an alternate Director shall have one vote for each Director for whom he
 acts as alternate (in addition to his own vote if he is also a Director). If his appointor
 is for the time being absent from the People's Republic of China or otherwise not available
 or unable to act, the signature of an alternate Director to any resolution in writing of
 the Board or a committee of the Board of which his appointor is a member shall, unless the
 notice of his appointment provides to the contrary, be as effective as the signature of his
 appointor.

**NFT Limited**

24.4. An
 alternate Director shall ipso facto cease to be an alternate Director if his appointor ceases
 for any reason to be a Director, however, such alternate Director or any other person may
 be re-appointed by the Directors to serve as an alternate Director PROVIDED always that,
 if at any meeting any Director retires but is re-elected at the same meeting, any appointment
 of such alternate Director pursuant to these Articles which was in force immediately before
 his retirement shall remain in force as though he had not retired.

25. DIRECTORS'
 FEES AND EXPENSES

25.1. The
 Directors shall receive such remuneration as the Board may from time to time determine. Each
 Director shall be entitled to be repaid or prepaid all traveling, hotel and incidental expenses
 reasonably incurred or expected to be incurred by him in attending meetings of the Board
 or committees of the board or general meetings or separate meetings of any class of shares
 or of debenture of the Company or otherwise in connection with the discharge of his duties
 as a Director. The ordinary remuneration of the Directors shall from time to time be determined
 by the Company in general meeting and shall (unless otherwise directed by the resolution
 by which it is voted) be divided amongst the Board in such proportions and in such manner
 as the Board may agree or, failing agreement, equally, except that any Director who shall
 hold office for part only of the period in respect of which such remuneration is payable
 shall be entitled only to rank in such division for a proportion of remuneration related
 to the period during which he has held office. Such remuneration shall be deemed to accrue
 from day to day.

25.2. Each
 Director shall be entitled to be repaid or prepaid all travelling, hotel and incidental expenses
 reasonably incurred or expected to be incurred by him in attending meetings of the Board
 or committees of the Board or general meetings or separate meetings of any class of shares
 or of debentures of the Company or otherwise in connection with the discharge of his duties
 as a Director.

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

**NFT Limited**

26. DIRECTORS'
 INTERESTS

26.1. A
 Director may:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) hold
 any other office or place of profit with the Company (except that of Auditor) in conjunction
 with his office of Director for such period and upon such terms as the Board may determine.
 Any remuneration (whether by way of salary, commission, participation in profits or otherwise)
 paid to any Director in respect of any such other office or place of profit shall be in addition
 to any remuneration provided for by or pursuant to any other Article;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) act
 by himself or his firm in a professional capacity for the Company (otherwise than as Auditor)
 and he or his firm may be remunerated for professional services as if he were not a Director;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) continue
 to be or become a director, managing director, joint managing director, deputy managing director,
 executive director, manager or other officer or member of any other company promoted by the
 Company or in which the Company may be interested as a vendor, shareholder or otherwise and
 (unless otherwise agreed) no such Director shall be accountable for any remuneration, profits
 or other benefits received by him as a director, managing director, joint managing director,
 deputy managing director, executive director, manager or other officer or member of or from
 his interests in any such other company. Subject as otherwise provided by these Articles
 the Directors may exercise or cause to be exercised the voting powers conferred by the shares
 in any other company held or owned by the Company, or exercisable by them as Directors of
 such other company in such manner in all respects as they think fit (including the exercise
 thereof in favour of any resolution appointing themselves or any of them directors, managing
 directors, joint managing directors, deputy managing directors, executive directors, managers
 or other officers of such company) or voting or providing for the payment of remuneration
 to the director, managing director, joint managing director, deputy managing director, executive
 director, manager or other officers of such other company and any Director may vote in favour
 of the exercise of such voting rights in manner aforesaid notwithstanding that he may be,
 or about to be, appointed a director, managing director, joint managing director, deputy
 managing director, executive director, manager or other officer of such a company, and that
 as such he is or may become interested in the exercise of such voting rights in manner aforesaid.

**NFT Limited**

Notwithstanding the foregoing, no "Independent Director" as defined in FINRA Rules or in Rule 10A-3 under the Exchange Act, and with respect of whom the Board has determined constitutes an "Independent Director" for purposes of compliance with applicable law or the Company's listing requirements, shall without the consent of the Audit Committee take any of the foregoing actions or any other action that would reasonably be likely to affect such Director's status as an "Independent Director" of the Company.

26.2. Subject
 to the Act and to these Articles, no Director or proposed or intending Director shall be
 disqualified by his office from contracting with the Company, either with regard to his tenure
 of any office or place of profit or as vendor, purchaser or in any other manner whatsoever,
 nor shall any such contract or any other contract or arrangement in which any Director is
 in any way interested be liable to be avoided, nor shall any Director so contracting or being
 so interested be liable to account to the Company or the Members for any remuneration, profit
 or other benefits realised by any such contract or arrangement by reason of such Director
 holding that office or of the fiduciary relationship thereby established provided that such
 Director shall disclose the nature of his interest in any contract or arrangement in which
 he is interested in accordance with Article 30.6 herein. Any such transaction that would
 reasonably be likely to affect a Director's status as an "Independent Director",
 or that would constitute a "related party transaction" as defined by Item 7.N
 of Form 20F promulgated by the SEC, shall require the approval of the Audit Committee.

26.3. A
 Director who to his knowledge is in any way, whether directly or indirectly, interested in
 a contract or arrangement or proposed contract or arrangement with the Company shall declare
 the nature of his interest at the meeting of the Board at which the question of entering
 into the contract or arrangement is first considered, if he knows his interest then exists,
 or in any other case at the first meeting of the Board after he knows that he is or has become
 so interested. For the purposes of this Article, a general Notice to the Board by a Director
 to the effect that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) he
 is a member or officer of a specified company or firm and is to be regarded as interested
 in any contract or arrangement which may after the date of the Notice be made with that company
 or firm; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) he
 is to be regarded as interested in any contract or arrangement which may after the date of
 the Notice be made with a specified person who is connected with him;

shall be deemed to be a sufficient declaration of interest under this Article in relation to any such contract or arrangement, provided that no such Notice shall be effective unless either it is given at a meeting of the Board or the Director takes reasonable steps to secure that it is brought up and read at the next Board meeting after it is given.

**NFT Limited**

26.4. Following
 a declaration being made pursuant to the last preceding two Articles, subject to any separate
 requirement for Audit Committee approval under applicable law or the listing rules of the
 Company's Designated Stock Exchange, and unless disqualified by the chairman of the
 relevant Board meeting, a Director may vote in respect of any contract or proposed contract
 or arrangement in which such Director is interested and may be counted in the quorum at such
 meeting.

27. GENERAL
 POWERS OF THE DIRECTORS'

27.1. The
 business of the Company shall be managed and conducted by the Board, which may pay all expenses
 incurred in forming and registering the Company and may exercise all powers of the Company
 (whether relating to the management of the business of the Company or otherwise) which are
 not by the Statutes or by these Articles required to be exercised by the Company in general
 meeting, subject nevertheless to the provisions of the Statutes and of these Articles and
 to such regulations being not inconsistent with such provisions, as may be prescribed by
 the Company in general meeting, but no regulations made by the Company in general meeting
 shall invalidate any prior act of the Board which would have been valid if such regulations
 had not been made. The general powers given by this Article shall not be limited or restricted
 by any special authority or power given to the Board by any other Article.

27.2. Any
 person contracting or dealing with the Company in the ordinary course of business shall be
 entitled to rely on any written or oral contract or agreement or deed, document or instrument
 entered into or executed as the case may be by any two of the Directors acting jointly on
 behalf of the Company and the same shall be deemed to be validly entered into or executed
 by the Company as the case may be and shall, subject to any rule of law, be binding on the
 Company.

27.3. Without
 prejudice to the general powers conferred by these Articles it is hereby expressly declared
 that the Board shall have the following powers:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to
 give to any person the right or option of requiring at a future date that an allotment shall
 be made to him of any share at par or at such premium as may be agreed;

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to
 give to any Directors, officers or employees of the Company an interest in any particular
 business or transaction or participation in the profits thereof or in the general profits
 of the Company either in addition to or in substitution for a salary or other remuneration;
 and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) to
 resolve that the Company be deregistered in the Cayman Islands and continued in a named jurisdiction
 outside the Cayman Islands subject to the provisions of the Act.

27.4. The
 Board may by power of attorney appoint any company, firm or person or any fluctuating body
 of persons, whether nominated directly or indirectly by the Board, to be the attorney or
 attorneys of the Company for such purposes and with such powers, authorities and discretions
 (not exceeding those vested in or exercisable by the Board under these Articles) and for
 such period and subject to such conditions as it may think fit, and any such power of attorney
 may contain such provisions for the protection and convenience of persons dealing with any
 such attorney as the Board may think fit, and may also authorise any such attorney to sub-delegate
 all or any of the powers, authorities and discretions vested in him. Such attorney or attorneys
 may, if so authorised under the Seal of the Company, execute any deed or instrument under
 their personal seal with the same effect as the affixation of the Company's Seal.

27.5. The
 Board may entrust to and confer upon a managing director, joint managing director, deputy
 managing director, an executive director or any Director any of the powers exercisable by
 it upon such terms and conditions and with such restrictions as it thinks fit, and either
 collaterally with, or to the exclusion of, its own powers, and may from time to time revoke
 or vary all or any of such powers but no person dealing in good faith and without notice
 of such revocation or variation shall be affected thereby.

27.6. All
 cheques, promissory notes, drafts, bills of exchange and other instruments, whether negotiable
 or transferable or not, and all receipts for moneys paid to the Company shall be signed,
 drawn, accepted, endorsed or otherwise executed, as the case may be, in such manner as the
 Board shall from time to time by resolution determine. The Company's banking accounts
 shall be kept with such banker or bankers as the Board shall from time to time determine.

27.7. The
 Board may establish or concur or join with other companies (being subsidiary companies of
 the Company or companies with which it is associated in business) in establishing and making
 contributions out of the Company's moneys to any schemes or funds for providing pensions,
 sickness or compassionate allowances, life assurance or other benefits for employees (which
 expression as used in this and the following paragraph shall include any Director or ex-Director
 who may hold or have held any executive office or any office of profit under the Company
 or any of its subsidiary companies) and ex-employees of the Company and their dependants
 or any class or classes of such person.

**NFT Limited**

27.8. The
 Board may pay, enter into agreements to pay or make grants of revocable or irrevocable pensions
 or other benefits to employees and ex-employees and their dependants, or to any of such persons,
 including pensions or benefits additional to those, if any, to which such employees or ex-employees
 or their dependants are or may become entitled under any such scheme or fund as mentioned
 in the last preceding paragraph. Any such pension or benefit may, as the Board considers
 desirable, be granted to an employee either before and in anticipation of or upon or at any
 time after his actual retirement, and may be subject or not subject to any terms or conditions
 as the Board may determine.

28. BORROWING
 POWERS

28.1. The
 Board may exercise all the powers of the Company to raise or borrow money and to mortgage
 or charge all or any part of the undertaking, property and assets (present and future) and
 uncalled capital of the Company and, subject to the Act, to issue debentures, bonds and other
 securities, whether outright or as collateral security for any debt, liability or obligation
 of the Company or of any third party.

28.2. Debentures,
 bonds and other securities may be made assignable free from any equities between the Company
 and the person to whom the same may be issued.

28.3. Any
 debentures, bonds or other securities may be issued at a discount (other than shares (with
 the exception of any share discount conducted in accordance with Act)), premium or otherwise
 and with any special privileges as to redemption, surrender, drawings, allotment of shares,
 attending and voting at general meetings of the Company, appointment of Directors and otherwise.

28.4. Where
 any uncalled capital of the Company is charged, all persons taking any subsequent charge
 thereon shall take the same subject to such prior charge, and shall not be entitled, by notice
 to the Members or otherwise, to obtain priority over such prior charge.

28.5. The
 Board shall cause a proper register to be kept, in accordance with the provisions of the
 Act, of all charges specifically affecting the property of the Company and of any series
 of debentures issued by the Company and shall duly comply with the requirements of the Act
 in regard to the registration of charges and debentures therein specified and otherwise.

**NFT Limited**

29. proceedings
 of the directors

29.1. The
 Board may meet for the despatch of business, adjourn and otherwise regulate its meetings
 as it considers appropriate. Questions arising at any meeting shall be determined by a majority
 of votes. In the case of any equality of votes the chairman of the meeting shall have an
 additional or casting vote.

29.2. A
 meeting of the Board may be convened by the Secretary on request of a Director or by any
 Director. The Secretary shall convene a meeting of the Board. Notice of a meeting of the
 Board shall be deemed to be duly given to a Director if it is given to such Director in writing
 or verbally (including in person or by telephone) or via electronic mail or by telephone
 or in such other manner as the Board may from time to time determine.

29.3. The
 quorum necessary for the transaction of the business of the Board may be fixed by the Board
 and, unless so fixed at any other number, shall be two (2). An alternate Director shall be
 counted in a quorum in the case of the absence of a Director for whom he is the alternate
 provided that he shall not be counted more than once for the purpose of determining whether
 or not a quorum is present.

29.4. Directors
 may participate in any meeting of the Board by means of a conference telephone or other communications
 equipment through which all persons participating in the meeting can communicate with each
 other simultaneously and instantaneously and, for the purpose of counting a quorum, such
 participation shall constitute presence at a meeting as if those participating were present
 in person.

29.5. Any
 Director who ceases to be a Director at a Board meeting may continue to be present and to
 act as a Director and be counted in the quorum until the termination of such Board meeting
 if no other Director objects and if otherwise a quorum of Directors would not be present.

29.6. The
 continuing Directors or a sole continuing Director may act notwithstanding any vacancy in
 the Board but, if and so long as the number of Directors is reduced below the minimum number
 fixed by or in accordance with these Articles, the continuing Directors or Director, notwithstanding
 that the number of Directors is below the number fixed by or in accordance with these Articles
 as the quorum or that there is only one continuing Director, may act for the purpose of filling
 vacancies in the Board or of summoning general meetings of the Company but not for any other
 purpose.

**NFT Limited**

29.7. The
 Chairman of the Board shall be the chairman of all meetings of the Board. If the Chairman
 of the Board is not present at any meeting within five (5) minutes after the time appointed
 for holding the same, the Directors present may choose one of their number to be chairman
 of the meeting.

29.8. A
 meeting of the Board at which a quorum is present shall be competent to exercise all the
 powers, authorities and discretions for the time being vested in or exercisable by the Board.

29.9. The
 Board may delegate any of its powers, authorities and discretions to committees (including,
 without limitation, the Audit Committee), consisting of such Director or Directors and other
 persons as it thinks fit, and they may, from time to time, revoke such delegation or revoke
 the appointment of and discharge any such committees either wholly or in part, and either
 as to persons or purposes. Any committee so formed shall, in the exercise of the powers,
 authorities and discretions so delegated, conform to any regulations which may be imposed
 on it by the Board.

29.10. All
 acts done by any such committee in conformity with such regulations, and in fulfilment of
 the purposes for which it was appointed, but not otherwise, shall have like force and effect
 as if done by the Board, and the Board (or if the Board delegates such power, the committee)
 shall have power to remunerate the members of any such committee, and charge such remuneration
 to the current expenses of the Company.

29.11. The
 meetings and proceedings of any committee consisting of two or more members shall be governed
 by the provisions contained in these Articles for regulating the meetings and proceedings
 of the Board so far as the same are applicable and are not superseded by any regulations
 imposed by the Board under the last preceding Article, indicating, without limitation, any
 committee charter adopted by the Board for purposes or in respect of any such committee.

29.12. A
 resolution in writing signed by all the Directors except such as are temporarily unable to
 act through ill-health or disability shall (provided that such number is sufficient to constitute
 a quorum and further provided that a copy of such resolution has been given or the contents
 thereof communicated to all the Directors for the time being entitled to receive notices
 of Board meetings in the same manner as notices of meetings are required to be given by these
 Articles) be as valid and effectual as if a resolution had been passed at a meeting of the
 Board duly convened and held. Such resolution may be contained in one document or in several
 documents in like form each signed by one or more of the Directors and for this purpose a
 facsimile signature of a Director shall be treated as valid.

**NFT Limited**

29.13. All
 acts bona fide done by the Board or by any committee or by any person acting as a Director
 or members of a committee, shall, notwithstanding that it is afterwards discovered that there
 was some defect in the appointment of any member of the Board or such committee or person
 acting as aforesaid or that they or any of them were disqualified or had vacated office,
 be as valid as if every such person had been duly appointed and was qualified and had continued
 to be a Director or member of such committee.

30. COMMITTEES

30.1. Without
 prejudice to the freedom of the Directors to establish any other committees, for so long
 as the shares of the Company (or depositary receipts therefor) are listed or quoted on the
 Designated Stock Exchange, the Board shall establish and maintain an Audit Committee, a Compensation
 Committee and a Nomination Committee as committees of the Board, the composition and responsibilities
 of which shall comply with the FINRA Rules, the rules and regulations of the SEC and the
 rules and regulations of the Designated Stock Exchange, as appropriate.

30.2. The
 Board shall adopt a formal written audit committee charter, a formal written compensation
 committee charter and review and a formal written Nomination Committee Charter and assess
 the adequacy of each formal written charter on an annual basis.

30.3. The
 audit committee shall meet at least once every financial quarter, or more frequently as circumstances
 dictate.

30.4. The
 compensation committee shall meet at least once every financial year, or more frequently
 as circumstances dictate.

30.5. The
 nomination committee shall meet at least once every financial year, or more frequently as
 circumstances dictate.

**NFT Limited**

30.6. For
 so long as the shares of the Company (or depositary receipts therefor) are listed or quoted
 on the Designated Stock Exchange, the Company shall conduct an appropriate review of all
 related party transactions on an ongoing basis and shall utilize the Audit Committee for
 the review and approval of potential conflicts of interest. Specifically, the Audit Committee
 shall approve any transaction or transactions between the Company and any of the following
 parties: (i) any Member owning an interest in the voting power of the Company or any subsidiary
 of the Company that gives such Member significant influence over the Company or any subsidiary
 of the Company, (ii) any director or executive officer of the Company or any subsidiary of
 the Company and any relative of such director or executive officer, (iii) any person in which
 a substantial interest in the voting power of the Company is owned, directly or indirectly,
 by any person described in (i) or (ii) or over which such a person is able to exercise significant
 influence, and (iv) any affiliate (other than a subsidiary) of the Company.

30.7. The
 Board may, from time to time, appoint such other committees as may be permitted by Act. Such
 other committees appointed by the Board shall consist of one (1) or more members of the Board
 and shall have such powers and perform such duties as may be provided in a resolution of
 the Board.

31. officers

31.1. The
 officers of the Company shall consist of the chief executive officer, the chief financial
 officer, the Directors and Secretary, and such additional officers (who may or may not be
 Directors) as the Board may from time to time determine, all of whom shall be deemed to be
 officers for the purposes of the Act and these Articles.

31.2. The
 officers shall receive such remuneration as the Directors may from time to time determine.

31.3. The
 Secretary and additional officers, if any, shall be appointed by the Board and shall hold
 office on such terms and for such period as the Board may determine. If thought fit, two
 or more persons may be appointed as joint Secretaries. The Board may also appoint from time
 to time on such terms as it thinks fit one or more assistant or deputy Secretaries.

31.4. The
 Secretary shall attend all meetings of the Members and shall keep correct minutes of such
 meetings and enter the same in the proper books provided for the purpose. He shall perform
 such other duties as are prescribed by the Act or these Articles or as may be prescribed
 by the Board.

**NFT Limited**

31.5. The
 officers of the Company shall have such powers and perform such duties in the management,
 business and affairs of the Company as may be delegated to them by the Directors from time
 to time.

31.6. A
 provision of the Act or of these Articles requiring or authorising a thing to be done by
 or to a Director and the Secretary shall not be satisfied by its being done by or to the
 same person acting both as Director and as or in place of the Secretary.

32. MINUTES

32.1. The
 Board shall cause minutes to be duly entered in books provided for the purpose:

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) of
 all resolutions and proceedings of each general meeting of the Members, meetings of the Board
 and meetings of committees of the Board and where there are managers, of all proceedings
 of meetings of the managers.

32.2. Minutes
 shall be kept by the Secretary at the Office.

33. SEAL

33.1. The
 Company shall have one or more Seals, as the Board may determine. For the purpose of sealing
 documents creating or evidencing securities issued by the Company, the Company may have a
 securities seal which is a facsimile of the Seal of the Company with the addition of the
 word "Securities" on its face or in such other form as the Board may approve.
 The Board shall provide for the custody of each Seal and no Seal shall be used without the
 authority of the Board or of a committee of the Board authorised by the Board in that behalf.
 Subject as otherwise provided in these Articles, any instrument to which a Seal is affixed
 shall be signed autographically by one Director and the Secretary or by two Directors or
 by such other person (including a Director) or persons as the Board may appoint, either generally
 or in any particular case, save that as regards any certificates for shares or debentures
 or other securities of the Company the Board may by resolution determine that such signatures
 or either of them shall be dispensed with or affixed by some method or system of mechanical
 signature or by Electronic Signature. Every instrument executed in manner provided by this
 Article shall be deemed to be sealed and executed with the authority of the Board previously
 given.

**NFT Limited**

33.2. Where
 the Company has a Seal for use abroad, the Board may by writing under the Seal appoint any
 agent or committee abroad to be the duly authorised agent of the Company for the purpose
 of affixing and using such Seal and the Board may impose restrictions on the use thereof
 as may be thought fit. Wherever in these Articles reference is made to the Seal, the reference
 shall, when and so far as may be applicable, be deemed to include any such other Seal as
 aforesaid.

34. destruction
 of documents

34.1. The
 Company shall be entitled to destroy the following documents at the following times:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) any
 share certificate which has been cancelled at any time after the expiry of one (1) year from
 the date of such cancellation;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any
 dividend mandate or any variation or cancellation thereof or any notification of change of
 name or address at any time after the expiry of two (2) years from the date such mandate
 variation cancellation or notification was recorded by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) any
 instrument of transfer of shares which has been registered at any time after the expiry of
 seven (7) years from the date of registration;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) any
 allotment letters after the expiry of seven (7) years from the date of issue thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) copies
 of powers of attorney, grants of probate and letters of administration at any time after
 the expiry of seven (7) years after the account to which the relevant power of attorney,
 grant of probate or letters of administration related has been closed;

and it shall conclusively be presumed in favour of the Company that every entry in the Register purporting to be made on the basis of any such documents so destroyed was duly and properly made and every share certificate so destroyed was a valid certificate duly and properly cancelled and that every instrument of transfer so destroyed was a valid and effective instrument duly and properly registered and that every other document destroyed hereunder was a valid and effective document in accordance with the recorded particulars thereof in the books or records of the Company. Provided always that: (1) the foregoing provisions of this Article shall apply only to the destruction of a document in good faith and without express notice to the Company that the preservation of such document was relevant to a claim; (2) nothing contained in this Article shall be construed as imposing upon the Company any liability in respect of the destruction of any such document earlier than as aforesaid or in any case where the conditions of proviso (1) above are not fulfilled; and (3) references in this Article to the destruction of any document include references to its disposal in any manner.

**NFT Limited**

34.2. Notwithstanding
 any provision contained in these Articles, the Directors may, if permitted by applicable
 law, authorise the destruction of documents set out in sub-paragraphs (a) to (e) of paragraph
 (1) of this Article and any other documents in relation to share registration which have
 been microfilmed or electronically stored by the Company or by the share registrar on its
 behalf provided always that this Article shall apply only to the destruction of a document
 in good faith and without express notice to the Company and its share registrar that the
 preservation of such document was relevant to a claim.

35. DIVIDENDS
 AND OTHER PAYMENTS

35.1. Subject
 to the Act, the Company in general meeting or the Board may from time to time declare dividends
 in any currency to be paid to the Members but no dividend shall be declared in excess of
 the amount recommended by the Board.

35.2. Dividends
 may be declared and paid out of the profits of the Company, realised or unrealised, or from
 any reserve set aside from profits which the Directors determine is no longer needed. The
 Board may also declare and pay dividends out of share premium account or any other fund or
 account which can be authorised for this purpose in accordance with the Act.

35.3. Except
 in so far as the rights attaching to, or the terms of issue of, any share otherwise provide:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all
 dividends shall be declared and paid according to the amounts paid up on the shares in respect
 of which the dividend is paid, but no amount paid up on a share in advance of calls shall
 be treated for the purposes of this Article as paid up on the share; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) all
 dividends shall be apportioned and paid pro rata according to the amounts paid up on the
 shares during any portion or portions of the period in respect of which the dividend is paid.

**NFT Limited**

35.4. The
 Board may from time to time pay to the Members such interim dividends as appear to the Board
 to be justified by the profits of the Company and in particular (but without prejudice to
 the generality of the foregoing) if at any time the share capital of the Company is divided
 into different classes, the Board may pay such interim dividends in respect of those shares
 in the capital of the Company which confer on the holders thereof deferred or non preferential
 rights as well as in respect of those shares which confer on the holders thereof preferential
 rights with regard to dividend and provided that the Board acts bona fide the Board shall
 not incur any responsibility to the holders of shares conferring any preference for any damage
 that they may suffer by reason of the payment of an interim dividend on any shares having
 deferred or non preferential rights and may also pay any fixed dividend which is payable
 on any shares of the Company half yearly or on any other dates, whenever such profits, in
 the opinion of the Board, justifies such payment.

35.5. The
 Board may deduct from any dividend or other moneys payable to a Member by the Company on
 or in respect of any shares all sums of money (if any) presently payable by him to the Company
 on account of calls or otherwise.

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

35.7. Any
 dividend, interest or other sum payable in cash to the holder of shares may be paid by cheque
 or warrant sent through the post addressed to the holder at his registered address or, in
 the case of joint holders, addressed to the holder whose name stands first in the Register
 in respect of the shares at his address as appearing in the Register or addressed to such
 person and at such address as the holder or joint holders may in writing direct. Every such
 cheque or warrant shall, unless the holder or joint holders otherwise direct, be made payable
 to the order of the holder or, in the case of joint holders, to the order of the holder whose
 name stands first on the Register in respect of such shares, and shall be sent at his or
 their risk and payment of the cheque or warrant by the bank on which it is drawn shall constitute
 a good discharge to the Company notwithstanding that it may subsequently appear that the
 same has been stolen or that any endorsement thereon has been forged. Any one of two or more
 joint holders may give effectual receipts for any dividends or other moneys payable or property
 distributable in respect of the shares held by such joint holders.

**NFT Limited**

35.8. All
 dividends or bonuses unclaimed for one (1) year after having been declared may be invested
 or otherwise made use of by the Board for the benefit of the Company until claimed. Any dividend
 or bonuses unclaimed after a period of six (6) years from the date of declaration shall be
 forfeited and shall revert to the Company. The payment by the Board of any unclaimed dividend
 or other sums payable on or in respect of a share into a separate account shall not constitute
 the Company a trustee in respect thereof.

If a Member fails to pay any call the Board may give to such Member not less than fourteen (14) clear days' notice requiring payment and specifying the amount unpaid including any interest which may have accrued, any expenses which have been incurred by the Company due to that person's default and the place where payment is to be made. The notice shall also contain a warning that if the notice is not complied with, the shares in respect of which the call is made will be liable to be forfeited. If such notice is not complied with, the Board may, before the payment required by the notice has been received, resolve that any share the subject of that notice be forfeited (which forfeiture shall include all dividends or other monies payable in respect of the forfeited share and not paid before such forfeiture).

A forfeited share may be sold, re-allotted or otherwise disposed of on such terms and in such manner as the directors determine and at any time before a sale, re-allotment or disposition the forfeiture may be cancelled on such terms as the directors think fit. A person whose shares have been forfeited shall cease to be a Member in respect of the forfeited shares, but shall, notwithstanding such forfeit, remain liable to pay to the Company all monies which at the date of forfeiture were payable to the Company in respect of the shares, together with all expenses and interest from the date of forfeiture or surrender until payment, but his liability shall cease if and when the Company receives payment in full of the unpaid amount.

A declaration, whether statutory or under oath, made by a Director or the Secretary shall be conclusive evidence that the person making the declaration is a Director or Secretary of the Company and that the particular shares have been forfeited or surrendered on a particular date.

Subject to the execution of an instrument of transfer, if necessary, the declaration shall constitute good title to the shares.

**NFT Limited**

35.9. Whenever
 the Board or the Company in general meeting has resolved that a dividend be paid or declared,
 the Board may further resolve that such dividend be satisfied wholly or in part by the distribution
 of specific assets of any kind and in particular of paid up shares, debentures or warrants
 to subscribe securities of the Company or any other company, or in any one or more of such
 ways, and where any difficulty arises in regard to the distribution the Board may settle
 the same as it thinks expedient, and in particular may issue certificates in respect of fractions
 of shares, disregard fractional entitlements or round the same up or down, and may fix the
 value for distribution of such specific assets, or any part thereof, and may determine that
 cash payments shall be made to any Members upon the footing of the value so fixed in order
 to adjust the rights of all parties, and may vest any such specific assets in trustees as
 may seem expedient to the Board and may appoint any person to sign any requisite instruments
 of transfer and other documents on behalf of the persons entitled to the dividend, and such
 appointment shall be effective and binding on the Members. The Board may resolve that no
 such assets shall be made available to Members with registered addresses in any particular
 territory or territories where, in the absence of a registration statement or other special
 formalities, such distribution of assets would or might, in the opinion of the Board, be
 unlawful or impracticable and in such event the only entitlement of the Members aforesaid
 shall be to receive cash payments as aforesaid. Members affected as a result of the foregoing
 sentence shall not be or be deemed to be a separate class of Members for any purpose whatsoever.

35.10. Whenever
 the Board or the Company in general meeting has resolved that a dividend be paid or declared
 on any class of the share capital of the Company, the Board may further resolve either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) that
 such dividend be satisfied wholly or in part in the form of an allotment of shares credited
 as fully paid up, provided that the Members entitled thereto will be entitled to elect to
 receive such dividend (or part thereof if the Board so determines) in cash in lieu of such
 allotment. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 Board, after determining the basis of allotment, shall give not less than ten (10) days'
 Notice to the holders of the relevant shares of the right of election accorded to them and
 shall send with such notice forms of election and specify the procedure to be followed and
 the place at which and the latest date and time by which duly completed forms of election
 must be lodged in order to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 right of election may be exercised in respect of the whole or part of that portion of the
 dividend in respect of which the right of election has been accorded; and

**NFT Limited**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 dividend (or that part of the dividend to be satisfied by the allotment of shares as aforesaid)
 shall not be payable in cash on shares in respect whereof the cash election has not been
 duly exercised ("the non elected shares") and in satisfaction thereof shares
 of the relevant class shall be allotted credited as fully paid up to the holders of the non
 elected shares on the basis of allotment determined as aforesaid and for such purpose the
 Board shall capitalise and apply out of any part of the undivided profits of the Company
 (including profits carried and standing to the credit of any reserves or other special account,
 share premium account or capital redemption reserve) as the Board may determine, such sum
 as may be required to pay up in full the appropriate number of shares of the relevant class
 for allotment and distribution to and amongst the holders of the non elected shares on such
 basis; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) that
 the Members entitled to such dividend shall be entitled to elect to receive an allotment
 of shares credited as fully paid up in lieu of the whole or such part of the dividend as
 the Board may think fit. In such case, the following provisions shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the
 basis of any such allotment shall be determined by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the
 Board, after determining the basis of allotment, shall give not less than ten (10) days'
 Notice to the holders of the relevant shares of the right of election accorded to them and
 shall send with such notice forms of election and specify the procedure to be followed and
 the place at which and the latest date and time by which duly completed forms of election
 must be lodged in order to be effective;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) the
 right of election may be exercised in respect of the whole or part of that portion of the
 dividend in respect of which the right of election has been accorded; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) the
 dividend (or that part of the dividend in respect of which a right of election has been accorded)
 shall not be payable in cash on shares in respect whereof the share election has been duly
 exercised ("the elected shares") and in lieu thereof shares of the relevant class
 shall be allotted credited as fully paid up to the holders of the elected shares on the basis
 of allotment determined as aforesaid and for such purpose the Board shall capitalise and
 apply out of any part of the undivided profits of the Company (including profits carried
 and standing to the credit of any reserves or other special account, share premium account
 or capital redemption reserve) as the Board may determine, such sum as may be required to
 pay up in full the appropriate number of shares of the relevant class for allotment and distribution
 to and amongst the holders of the elected shares on such basis.

**NFT Limited**

35.11. The
 shares allotted pursuant to the provisions of Article 35.10 shall rank *pari passu* in all respects with shares of the same class (if any) then in issue save only as regards
 participation in the relevant dividend or in any other distributions, bonuses or rights paid,
 made, declared or announced prior to or contemporaneously with the payment or declaration
 of the relevant dividend unless, contemporaneously with the announcement by the Board of
 their proposal to apply the provisions of Articles 35.11 and 35.12 in relation to the relevant
 dividend or contemporaneously with their announcement of the distribution, bonus or rights
 in question, the Board shall specify that the shares to be allotted pursuant to the provisions
 of Article 35.10 shall rank for participation in such distribution, bonus or rights.

35.12. The
 Board may do all acts and things considered necessary or expedient to give effect to any
 capitalisation pursuant to the provisions of Article 35.10, with full power to the Board
 to make such provisions as it thinks fit in the case of shares becoming distributable in
 fractions (including provisions whereby, in whole or in part, fractional entitlements are
 aggregated and sold and the net proceeds distributed to those entitled, or are disregarded
 or rounded up or down or whereby the benefit of fractional entitlements accrues to the Company
 rather than to the Members concerned). The Board may authorise any person to enter into on
 behalf of all Members interested, an agreement with the Company providing for such capitalisation
 and matters incidental thereto and any agreement made pursuant to such authority shall be
 effective and binding on all concerned.

35.13. The
 Company may upon the recommendation of the Board by ordinary resolution resolve in respect
 of any one particular dividend of the Company that notwithstanding the provisions of Article
 35.10, a dividend may be satisfied wholly in the form of an allotment of shares credited
 as fully paid up without offering any right to shareholders to elect to receive such dividend
 in cash in lieu of such allotment.

35.14. The
 Board may on any occasion determine that rights of election and the allotment of shares under
 Article 35.10 shall not be made available or made to any shareholders with registered addresses
 in any territory where, in the absence of a registration statement or other special formalities,
 the circulation of an offer of such rights of election or the allotment of shares would or
 might, in the opinion of the Board, be unlawful or impracticable, and in such event the provisions
 aforesaid shall be read and construed subject to such determination. Members affected as
 a result of the foregoing sentence shall not be or be deemed to be a separate class of Members
 for any purpose whatsoever.

**NFT Limited**

35.15. Any
 resolution declaring a dividend on shares of any class, whether a resolution of the Company
 in general meeting or a resolution of the Board, may specify that the same shall be payable
 or distributable to the persons registered as the holders of such shares at the close of
 business on a particular date, notwithstanding that it may be a date prior to that on which
 the resolution is passed, and thereupon the dividend shall be payable or distributable to
 them in accordance with their respective holdings so registered, but without prejudice to
 the rights inter se in respect of such dividend of transferors and transferees of any such
 shares. The provisions of this Article shall mutatis mutandis apply to bonuses, capitalisation
 issues, distributions of realised capital profits or offers or grants made by the Company
 to the Members.

36. RESERVES

36.1. The
 Board shall establish an account to be called the share premium account and shall carry to
 the credit of such account from time to time a sum equal to the amount or value of the premium
 paid on the issue of any share in the Company. Unless otherwise provided by the provisions
 of these Articles, the Board may apply the share premium account in any manner permitted
 by the Act. The Company shall at all times comply with the provisions of the Act in relation
 to the share premium account.

36.2. Before
 recommending any dividend, the Board may set aside out of the profits of the Company such
 sums as it determines as reserves which shall, at the discretion of the Board, be applicable
 for any purpose to which the profits of the Company may be properly applied and pending such
 application may, also at such discretion, either be employed in the business of the Company
 or be invested in such investments as the Board may from time to time think fit and so that
 it shall not be necessary to keep any investments constituting the reserve or reserves separate
 or distinct from any other investments of the Company. The Board may also without placing
 the same to reserve carry forward any profits which it may think prudent not to distribute.

**NFT Limited**

37. CAPITALISATION

37.1. The
 Company may, upon the recommendation of the Board, at any time and from time to time pass
 an ordinary resolution to the effect that it is desirable to capitalise all or any part of
 any amount for the time being standing to the credit of any reserve or fund (including a
 share premium account and capital redemption reserve and the profit and loss account) whether
 or not the same is available for distribution and accordingly that such amount be set free
 for distribution among the Members or any class of Members who would be entitled thereto
 if it were distributed by way of dividend and in the same proportions, on the footing that
 the same is not paid in cash but is applied either in or towards paying up the amounts for
 the time being unpaid on any shares in the Company held by such Members respectively or in
 paying up in full unissued shares, debentures or other obligations of the Company, to be
 allotted and distributed credited as fully paid up among such Members, or partly in one way
 and partly in the other, and the Board shall give effect to such resolution provided that,
 for the purposes of this Article, a share premium account and any capital redemption reserve
 or fund representing unrealised profits, may be applied only in paying up in full unissued
 shares of the Company to be allotted to such Members credited as fully paid.

37.2. The
 Board may settle, as it considers appropriate, any difficulty arising in regard to any distribution
 under the last preceding Article and in particular may issue certificates in respect of fractions
 of shares or authorise any person to sell and transfer any fractions or may resolve that
 the distribution should be as nearly as may be practicable in the correct proportion but
 not exactly so or may ignore fractions altogether, and may determine that cash payments shall
 be made to any Members in order to adjust the rights of all parties, as may seem expedient
 to the Board. The Board may appoint any person to sign on behalf of the persons entitled
 to participate in the distribution any contract necessary or desirable for giving effect
 thereto and such appointment shall be effective and binding upon the Members.

38. ACCOUNTING
 RECORDS

38.1. The
 Board shall cause true accounts to be kept of the sums of money received and expended by
 the Company, and the matters in respect of which such receipt and expenditure take place,
 and of the property, assets, credits and liabilities of the Company and of all other matters
 required by the Act or necessary to give a true and fair view of the Company's affairs
 and to explain its transactions.

38.2. The
 accounting records shall be kept at the Office or, at such other place or places as the Board
 decides and shall always be open to inspection by the Directors. No Member (other than a
 Director) shall have any right of inspecting any accounting record or book or document of
 the Company except as conferred by law or authorised by the Board or the Company in general
 meeting.

**NFT Limited**

38.3. Subject
 to Article 38.4, a printed copy of the Directors' report, accompanied by the balance
 sheet and profit and loss account, including every document required by law to be annexed
 thereto, made up to the end of the applicable financial year and containing a summary of
 the assets and liabilities of the Company under convenient heads and a statement of income
 and expenditure, together with a copy of the Auditors' report, shall be sent to each
 person entitled thereto at least ten (10) days before the date of the general meeting and
 laid before the Company at the annual general meeting held in accordance with Article 14.1
 provided that this Article shall not require a copy of those documents to be sent to any
 person whose address the Company is not aware or to more than one of the joint holders of
 any shares or debentures.

38.4. Subject
 to due compliance with all applicable Statutes, rules and regulations, including, without
 limitation, the rules of the Designated Stock Exchange, and to obtaining all necessary consents,
 if any, required thereunder, the requirements of Article 38.3 shall be deemed satisfied in
 relation to any person by sending to the person in any manner not prohibited by the Statutes,
 summarised financial statements derived from the Company's annual accounts and the
 directors' report which shall be in the form and containing the information required
 by applicable laws and regulations, provided that any person who is otherwise entitled to
 the annual financial statements of the Company and the directors' report thereon may,
 if he so requires by notice in writing served on the Company, demand that the Company sends
 to him, in addition to summarised financial statements, a complete printed copy of the Company's
 annual financial statement and the directors' report thereon.

38.5. The
 requirement to send to a person referred to in Article 38.3 the documents referred to in
 that article or a summary financial report in accordance with Article 38.4 shall be deemed
 satisfied where, in accordance with all applicable Statutes, rules and regulations, including,
 without limitation, the rules of the Designated Stock Exchange, the Company publishes copies
 of the documents referred to in Article 38.3 and, if applicable, a summary financial report
 complying with Article 38.4, on the Company's computer network or in any other permitted
 manner (including by sending any form of electronic communication), and that person has agreed
 or is deemed to have agreed to treat the publication or receipt of such documents in such
 manner as discharging the Company's obligation to send to him a copy of such documents.

**NFT Limited**

**39.** **FINANCIAL YEAR END** 

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

40. AUDIT

40.1. Subject
 to applicable law and rules of the Designated Stock Exchange:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) At
 the annual general meeting or at a subsequent extraordinary general meeting in each year,
 the Members shall appoint an auditor to audit the accounts of the Company and such auditor
 shall hold office until the Members appoint another auditor. Such auditor may be a Member
 but no Director or officer or employee of the Company shall, during his continuance in office,
 be eligible to act as an auditor of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A
 person, other than a retiring Auditor, shall not be capable of being appointed Auditor at
 an annual general meeting unless notice in writing of an intention to nominate that person
 to the office of Auditor has been given not less than fourteen (14) days before the annual
 general meeting and furthermore, the Company shall send a copy of any such notice to the
 retiring Auditor. The Members may, at any general meeting convened and held in accordance
 with these Articles, by Special Resolution remove the Auditor at any time before the expiration
 of his term of office and shall by ordinary resolution at that meeting appoint another Auditor
 in his stead for the remainder of his term.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The
 Members may, at any general meeting convened and held in accordance with these Articles,
 by ordinary resolution remove the Auditor at any time before the expiration of his term of
 office and shall by ordinary resolution at that meeting appoint another Auditor in his stead
 for the remainder of his term.

40.2. Subject
 to the Act the accounts of the Company shall be audited at least once in every year.

40.3. The
 remuneration of the Auditor shall be fixed by the Company in general meeting or in such manner
 as the Members may determine.

40.4. If
 the office of auditor becomes vacant by the resignation or death of the Auditor, or by his
 becoming incapable of acting by reason of illness or other disability at a time when his
 services are required, the Directors shall fill the vacancy and determine the remuneration
 of such Auditor.

**NFT Limited**

40.5. The
 Auditor shall at all reasonable times have access to all books kept by the Company and to
 all accounts and vouchers relating thereto; and he may call on the Directors or officers
 of the Company for any information in their possession relating to the books or affairs of
 the Company.

40.6. The
 statement of income and expenditure and the balance sheet provided for by these Articles
 shall be examined by the Auditor and compared by him with the books, accounts and vouchers
 relating thereto; and he shall make a written report thereon stating whether such statement
 and balance sheet are drawn up so as to present fairly the financial position of the Company
 and the results of its operations for the period under review and, in case information shall
 have been called for from Directors or officers of the Company, whether the same has been
 furnished and has been satisfactory. The financial statements of the Company shall be audited
 by the Auditor in accordance with generally accepted auditing standards. The Auditor shall
 make a written report thereon in accordance with generally accepted auditing standards and
 the report of the Auditor shall be submitted to the Members in general meeting. The generally
 accepted auditing standards referred to herein may be those of a country or jurisdiction
 other than the Cayman Islands. If so, the financial statements and the report of the Auditor
 should disclose this fact and name such country or jurisdiction

41. NOTICES

41.1. Any
 Notice or document, whether or not, to be given or issued under these Articles from the Company
 to a Member shall be in writing or by cable, telex or facsimile transmission message or other
 form of electronic transmission or communication and any such Notice and document may be
 served or delivered by the Company on or to any Member either personally or by sending it
 through the post in a prepaid envelope addressed to such Member at his registered address
 as appearing in the Register or at any other address supplied by him to the Company for the
 purpose or, as the case may be, by transmitting it to any such address or transmitting it
 to any telex or facsimile transmission number or electronic number or address or website
 supplied by him to the Company for the giving of Notice to him or which the person transmitting
 the notice reasonably and bona fide believes at the relevant time will result in the Notice
 being duly received by the Member or may also be served by advertisement in appropriate newspapers
 in accordance with the requirements of the Designated Stock Exchange or, to the extent permitted
 by the applicable laws, by placing it on the Company's website and giving to the member
 a notice stating that the notice or other document is available there (a "notice of
 availability"). The notice of availability may be given to the Member by any of the
 means set out above. In the case of joint holders of a share all notices shall be given to
 that one of the joint holders whose name stands first in the Register and notice so given
 shall be deemed a sufficient service on or delivery to all the joint holders.

**NFT Limited**

41.2. Any
 Notice or other document:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) if
 served or delivered by post, shall where appropriate be sent by airmail and shall be deemed
 to have been served or delivered on the day following that on which the envelope containing
 the same, properly prepaid and addressed, is put into the post; in proving such service or
 delivery it shall be sufficient to prove that the envelope or wrapper containing the notice
 or document was properly addressed and put into the post and a certificate in writing signed
 by the Secretary or other officer of the Company or other person appointed by the Board that
 the envelope or wrapper containing the Notice or other document was so addressed and put
 into the post shall be conclusive evidence thereof;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) if
 sent by electronic communication, shall be deemed to be given on the day on which it is transmitted
 from the server of the Company or its agent. A Notice placed on the Company's website
 is deemed given by the Company to a Member on the day following that on which a notice of
 availability is deemed served on the Member;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if
 served or delivered in any other manner contemplated by these Articles, shall be deemed to
 have been served or delivered at the time of personal service or delivery or, as the case
 may be, at the time of the relevant despatch or transmission; and in proving such service
 or delivery a certificate in writing signed by the Secretary or other officer of the Company
 or other person appointed by the Board as to the act and time of such service, delivery,
 despatch or transmission shall be conclusive evidence thereof; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) may
 be given to a Member in the English language or such other language as may be approved by
 the Directors, subject to due compliance with all applicable Statutes, rules and regulations.

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

**NFT Limited**

41.4. A
 Notice may be given by the Company to the person entitled to a share in consequence of the
 death, mental disorder or bankruptcy of a Member by sending it through the post in a prepaid
 letter, envelope or wrapper addressed to him by name, or by the title of representative of
 the deceased, or trustee of the bankrupt, or by any like description, at the address, if
 any, supplied for the purpose by the person claiming to be so entitled, or (until such an
 address has been so supplied) by giving the notice in any manner in which the same might
 have been given if the death, mental disorder or bankruptcy had not occurred.

41.5. Any
 person who by operation of law, transfer or other means whatsoever shall become entitled
 to any share shall be bound by every Notice in respect of such share which prior to his name
 and address being entered on the Register shall have been duly given to the person from whom
 he derives his title to such share.

42. SIGNATURES

42.1. For
 the purposes of these Articles, a cable or telex or facsimile or electronic transmission
 message purporting to come from a holder of shares or, as the case may be, a Director, or,
 in the case of a corporation which is a holder of shares from a director or the secretary
 thereof or a duly appointed attorney or duly authorised representative thereof for it and
 on its behalf, shall in the absence of express evidence to the contrary available to the
 person relying thereon at the relevant time be deemed to be a document or instrument in writing
 signed by such holder or Director in the terms in which it is received.

43. WINDING
 UP

43.1. A
 resolution that the Company be wound up by the court or be wound up voluntarily shall be
 a Special Resolution which shall, in this instance, include approval by the two thirds of
 all shareholders of the Company of the Company.

**NFT Limited**

43.2. Subject
 to any special rights, privileges or restrictions as to the distribution of available surplus
 assets on liquidation for the time being attached to any class or classes of shares (i) if
 the Company shall be wound up and the assets available for distribution amongst the Members
 of the Company shall be more than sufficient to repay the whole of the capital paid up at
 the commencement of the winding up, the excess shall be distributed pari passu amongst such
 members in proportion to the amount paid up on the shares held by them respectively and (ii)
 if the Company shall be wound up and the assets available for distribution amongst the Members
 as such shall be insufficient to repay the whole of the paid-up capital such assets shall
 be distributed so that, a nearly as may be, the losses shall be borne by the Members in proportion
 to the capital paid up, or which ought to have been paid up, at the commencement of the winding
 up on the shares held by them respectively.

43.3. If
 the Company shall be wound up (whether the liquidation is voluntary or by the court) the
 liquidator may, with the authority of a Special Resolution and any other sanction required
 by the Act, divide among the Members in specie or kind the whole or any part of the assets
 of the Company and whether or not the assets shall consist of properties of one kind or shall
 consist of properties to be divided as aforesaid of different kinds, and may for such purpose
 set such value as he deems fair upon any one or more class or classes of property and may
 determine how such division shall be carried out as between the Members or different classes
 of Members. The liquidator may, with the like authority, vest any part of the assets in trustees
 upon such trusts for the benefit of the Members as the liquidator with the like authority
 shall think fit, and the liquidation of the Company may be closed and the Company dissolved,
 but so that no contributory shall be compelled to accept any shares or other property in
 respect of which there is a liability.

44. INDEMNITY

44.1. The
 Directors, Secretary and other officers for the time being of the Company and the liquidator
 or trustees (if any) for the time being acting in relation to any of the affairs of the Company
 and everyone of them, and everyone of their heirs, executors and administrators, shall be
 indemnified and secured harmless out of the assets and profits of the Company from and against
 all actions, costs, charges, losses, damages and expenses which they or any of them, their
 or any of their heirs, executors or administrators, shall or may incur or sustain by or by
 reason of any act done, concurred in or omitted in or about the execution of their duty,
 or supposed duty, in their respective offices or trusts; and none of them shall be answerable
 for the acts, receipts, neglects or defaults of the other or others of them or for joining
 in any receipts for the sake of conformity, or for any bankers or other persons with whom
 any moneys or effects belonging to the Company shall or may be lodged or deposited for safe
 custody, or for insufficiency or deficiency of any security upon which any moneys of or belonging
 to the Company shall be placed out on or invested, or for any other loss, misfortune or damage
 which may happen in the execution of their respective offices or trusts, or in relation thereto;
 PROVIDED THAT this indemnity shall not extend to any matter in respect of any fraud or dishonesty
 which may attach to any of said persons.

**NFT Limited**

44.2. Each
 Member agrees to waive any claim or right of action he might have, whether individually or
 by or in the right of the Company, against any Director on account of any action taken by
 such Director, or the failure of such Director to take any action in the performance of his
 duties with or for the Company; PROVIDED THAT such waiver shall not extend to any matter
 in respect of any fraud or dishonesty which may attach to such Director.

45. AMENDMENT
 TO MEMORANDUM AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY

45.1. No
 Article shall be rescinded, altered or amended and no new Article shall be made until the
 same has been approved by a Special Resolution of the Members. A Special Resolution shall
 be required to alter the provisions of the Memorandum of Association or to change the name
 of the Company.

46. INFORMATION

46.1. No
 Member shall be entitled to require discovery of or any information respecting any detail
 of the Company's trading or any matter which is or may be in the nature of a trade
 secret or secret process which may relate to the conduct of the business of the Company and
 which in the opinion of the Directors it will be inexpedient in the interests of the members
 of the Company to communicate to the public.

47. mergers
 and CONSOLIDATIONS

47.1. Subject
 to the Act and these Articles, the Company shall, with the approval of a Special Resolution,
 have the power to merge or consolidate with one or more constituent companies (as defined
 in the Act) upon such terms as the Directors may determine.

48. TRANSFERS
 BY WAY OF CONTINUATION

48.1. Subject
 to the Act and these Articles, the Company shall, with the approval of a Special Resolution,
 have the power to register by way of continuation as a body corporate under the laws of a
 jurisdiction outside of the Cayman Islands and be deregistered in the Cayman Islands.

## Exhibit 99.2

**Exhibit 99.2**

**NFT LIMITED**

**Office Q 11th Floor, Kings Wing Plaza 2, No. 1 Kwan Street, Sha Tin, New Territories, Hong Kong**

**NOTICE OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS**

**To Be Held at 10:00 a.m. on April 17, 2026 EST**

**(Record Date – April 6, 2026)**

**THIS PROXY IS SOLICITED ON BEHALF OF THE BOARD OF DIRECTORS**

The undersigned hereby appoints Yanying Wang as proxy of the undersigned, with full power to appoint his substitute, and hereby authorizes him to represent and to vote all the shares of stock of NFT Limited ("**we**," "**us**," or the "**Company**"), which the undersigned is entitled to vote, as specified below on this card, at the 2026 Extraordinary General Meeting of the Company on April 17, 2026, at 10:00 a.m., EST, at Office Q 11th Floor, Kings Wing Plaza 2, No. 1 Kwan Street, Sha Tin, New Territories, Hong Kong, and at any adjourned or postponement thereof.

**THIS PROXY, WHEN PROPERLY EXECUTED, WILL BE VOTED IN THE MANNER DIRECTED HEREIN BY THE UNDERSIGNED SHAREHOLDER. IF NO DIRECTION IS MADE, THIS PROXY WILL BE VOTED IN ACCORDANCE WITH THE RECOMMENDATION OF THE BOARD OF DIRECTORS FOR EACH OF THE PROPOSALS.** This proxy authorizes the above designated proxy to vote in his discretion on such other business as may properly come before the meeting or any adjournments or postponements thereof.

THE BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT YOU VOTE

"**FOR**" THE PROPOSALS NO. 1 TO NO. 7 SET FORTH BELOW.

PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED ENVELOPE.

PLEASE MARK YOUR VOTE IN BLUE OR BLACK INK

**PROPOSAL 1:** As a special resolution, subject to all further requirements prescribed by sections 14, 14A and 14B of the Companies Act of the Cayman Islands (As Revised) (the "Companies Act") relating to share capital reductions supported by solvency statements being complied with, that (together, the "Share Capital Reduction and Reorganization"):

Share Capital Reduction

a. the par value of each issued and outstanding Class A Ordinary Share of a nominal or par value of US$0.005 each and Class B Ordinary Share of a nominal or par value of US$0.005 each, in each case, in the share capital of the Company, be reduced to US$0.0005 by cancelling US$0.0045 of the paid-up capital on each of the issued and outstanding Class A Ordinary Shares and Class B Ordinary Shares (the "Share Capital Reduction");

b. following the Share Capital Reduction, the amount deemed to be paid up on each issued and outstanding share of the Company shall be US$0.0005;

c. the credit arising from the Share Capital Reduction be transferred to a distributable reserve account of the Company which may be utilised by the Company as the board of directors of the Company may deem fit and as permitted under the Companies Act, the Company's first amended and restated memorandum and articles of association (as further amended, restated or amended and restated, from time to time), and all relevant applicable laws, including, without limitation, eliminating or setting off any accumulated losses of the Company (if any) from time to time;

Share Capital Subdivision

d. immediately following the Share Capital Reduction:

i. each authorised but unissued Class A Ordinary Share of a nominal or par value of US$0.005 each be subdivided into 10 Class A Ordinary Shares of a nominal or par value of US$0.0005 each; and

ii. each authorised but unissued Class B Ordinary Share of a nominal or par value of US$0.005 each be subdivided into 10 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,

(the "Share Capital Subdivision");

Share Capital Cancellation

e. immediately following the Share Capital Subdivision, the authorised share capital of the Company be altered by the cancellation of such number of unissued Class A Ordinary Shares of a nominal or par value of US$0.0005 par value each and unissued Class B Ordinary Shares of a nominal or par value of US$0.0005 each that will result in the Company having an authorised share capital of US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each (the "Share Capital Cancellation"); and

Authorised Share Capital Confirmation

f. immediately following the Share Capital Reduction, the Share Capital Subdivision and Share Capital Cancellation, the authorised share capital of the Company shall be US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,

(together, the "Share Capital Reduction and Reorganization Proposal").

---

| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| **O** | **O** | **O** |

---

**PROPOSAL 2:** As a special resolution, subject to the approval and implementation of the Share Capital Reduction and Reorganization, that the Company adopt the second amended and restated memorandum and articles of association, in the form attached to the accompanying proxy statement as Exhibit A, in substitution for, and to the exclusion of, the Company's existing first amended and restated memorandum and articles of association, to reflect the Share Capital Reduction and Reorganization which shall take effect on the date of registration of the solvency statement (made under section 14A of the Companies Act) and the minute as required by section 14B of the Companies Act (the "Second Amended M&A Proposal").

---

| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| **O** | **O** | **O** |

---

**PROPOSAL 3:** As an ordinary resolution, subject to the approval and implementation of the Share Capital Reduction and Reorganization, that the Company increase its authorised share capital (the "Share Capital Increase"):

From: US$50,000 divided into 90,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 10,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

To: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

by creating an additional 8,910,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and an additional 990,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each,

(the "Share Capital Increase Proposal").

---

| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| **O** | **O** | **O** |

---

**PROPOSAL 4:** As a special resolution, subject to the approval and implementation of the Share Capital Increase, that the Company adopt the third amended and restated memorandum and articles of association, in the form attached to the accompanying proxy statement as Exhibit B, in substitution for, and to the exclusion of, the Company's second amended and restated memorandum and articles of association, to reflect the Share Capital Increase (the "Third Amended M&A Proposal").

---

| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| **O** | **O** | **O** |

---

**PROPOSAL 5:** As an ordinary resolution, subject to the approval and implementation of the Share Capital Increase, to authorize the Company's board of directors (the "Board of Directors", "Board" or "Directors") to effect a share consolidation of the Company's authorised and issued share capital (the "Share Consolidation"), at a ratio of up to one-for-two hundred (1:200), but in any case at a ratio of not less than one-for-five (1:5) (the "Approved Consolidation Ratio"), at a date to be determined by the Board that is not more than one (1) year following the date of the 2026 Extraordinary Meeting, with the exact ratios to be set at a whole number within this range, as determined by the Board in its sole discretion, such that the number of authorised and issued Class A Ordinary Shares and Class B Ordinary Shares is decreased by the Approved Consolidation Ratio, with the par value per Class A Ordinary Share and Class B Ordinary Share increased by the Approved Consolidation Ratio and the authorised share capital of the Company being altered (assuming an Approved Consolidation Ratio of 1:200):

From: US$5,000,000 divided into 9,000,000,000 Class A Ordinary Shares of a nominal or par value of US$0.0005 each and 1,000,000,000 Class B Ordinary Shares of a nominal or par value of US$0.0005 each;

To as low as: US$5,000,000 divided into 45,000,000 Class A Ordinary Shares of a nominal or par value of US$0.1 each and 5,000,000 Class B Ordinary Shares of a nominal or par value of US$0.1 each,

(the "Share Consolidation Proposal").

---

| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| **O** | **O** | **O** |

---

**PROPOSAL 6:** As a special resolution, subject to the approval and implementation of the Share Consolidation, that the Company adopt the fourth amended and restated memorandum and articles of association, in the form attached to the accompanying proxy statement as Exhibit C, subject to adjustment solely in respect of the final Approved Consolidation Ratio to be determined by the Board of Directors, in substitution for, and to the exclusion of, the Company's third amended and restated memorandum and articles of association, to reflect the Share Consolidation (the "Fourth Amended M&A Proposal").

---

| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| **O** | **O** | **O** |

---

**PROPOSAL 7:** As an ordinary resolution, to adjourn the 2026 Extraordinary Meeting to a later date or dates (A) to the extent necessary or convenient to ensure that any required supplement or amendment to the notice of meeting is provided to Shareholders or (B) in order to solicit additional proxies from Shareholders in favour of one or more of the proposals at the 2026 Extraordinary Meeting (the "Adjournment Proposal").

---

| | | |
|:---|:---|:---|
| **For** | **Against** | **Abstain** |
| **O** | **O** | **O** |

---

Please indicate if you intend to attend this meeting ☐ YES ☐ NO

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| | |
|:---|:---|
| Signature of Shareholder: |  |
| Date: |  |
| Name shares held in (Please print): | Account Number (if any): |
| No. of Shares Entitled to Vote: | Stock Certificate Number(s): |

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| | |
|:---|:---|
| **Note:** | Please sign exactly as your name or names appear in the Company's stock transfer books. When shares are held jointly, each holder should sign. When signing as executor, administrator, attorney, trustee or guardian, please give full title as such. |
|  | If the signer is a corporation, please sign full corporate name by duly authorized officer, giving full title as such. |
|  | If the signer is a partnership, please sign in partnership name by authorized person. |
|  | Please provide any change of address information in the spaces below in order that we may update our records: |
|  | Address: |

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