# EDGAR Filing Document

**Accession Number:** 0001804469
**File Stem:** 0001213900-23-009275
**Filing Date:** 2023-2
**Character Count:** 198895
**Document Hash:** 359c85c359d2243f414589d790188e18
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001213900-23-009275.hdr.sgml**: 20230208

**ACCESSION NUMBER**: 0001213900-23-009275

**CONFORMED SUBMISSION TYPE**: 6-K

**PUBLIC DOCUMENT COUNT**: 8

**CONFORMED PERIOD OF REPORT**: 20230208

**FILED AS OF DATE**: 20230208

**DATE AS OF CHANGE**: 20230208

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Guardforce AI Co., Ltd.
- **CENTRAL INDEX KEY:** 0001804469
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-DETECTIVE, GUARD & ARMORED CAR SERVICES [7381]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 6-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-40848
- **FILM NUMBER:** 23598989

**BUSINESS ADDRESS:**
- **STREET 1:** 10 ANSON ROAD
- **STREET 2:** #28-01 INTERNATIONAL PLAZA
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 079903
- **BUSINESS PHONE:** 66 (0) 2973 6011

**MAIL ADDRESS:**
- **STREET 1:** 10 ANSON ROAD
- **STREET 2:** #28-01 INTERNATIONAL PLAZA
- **CITY:** SINGAPORE
- **STATE:** U0
- **ZIP:** 079903

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Guardforce AI Co., Ltd
- **DATE OF NAME CHANGE:** 20200224

**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 OF THE** 

**SECURITIES EXCHANGE ACT OF 1934**

For the month of **<u>February 2023</u>**

Commission File Number **<u>001-40848</u>**

**<u>GUARDFORCE AI CO., LIMITED</u>**

(Translation of registrant's name into English)

**10 Anson Road, #28-01 International Plaza** 

**Singapore 079903**

(Address of principal executive offices)

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

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐

Guardforce AI Co., Limited (the "**Company**") held an extraordinary general meeting of shareholders (the "**Meeting**") at 11:00 a.m., Hong Kong standard time, on Tuesday, January 31, 2023 (10:00 p.m. Eastern Time on Monday, January 30, 2023) by means of Zoom at https://us06web.zoom.us/j/4690654560 (Meeting ID: 469 065 4560; find your local number at https://us06web.zoom.us/u/k1Ol5Fk69). Holders of the Company's ordinary shares, par value US$0.003 ("**Ordinary Shares**") at the close of business on January 4, 2023 (the "**Record Date**") were entitled to vote at the Meeting. As of the Record Date, there were 64,770,529 Ordinary Shares issued and outstanding. According to the Company's Second Amended and Restated Articles of Association, each Ordinary Share has one vote per share on a poll. At least 2 holders of Ordinary Shares representing approximately 29,958,799 votes of total voting powers, constituting a quorum, were represented in person (via Zoom) or by valid proxies at the Meeting.

The shareholders voted on and approved three proposals at the meeting. The final results for the votes regarding each proposal are set forth below.

1. **Proposal 1:** To
 consider and vote upon a proposal to approve the following ordinary resolution: **THAT** every forty (40) issued and
 unissued ordinary shares of the Company of a nominal or par value of US$0.003 each (the "**Existing Shares**") be and
 are hereby consolidated into one (1) share of a nominal or par value of US$0.12 each (each a "**Consolidated Share** "), such Consolidated Shares shall rank pari passu in all respects with each other (the "**Share Consolidation**") so that following the Share Consolidation the authorized share capital of the Company will be changed from
 US$900,000 divided into 300,000,000 shares of a nominal or par value of US$0.003 each to US$900,000 divided into 7,500,000 shares of
 a nominal or par value of US$0.12 each (the "**Share Consolidation Proposal** ").

The votes regarding this Share Consolidation Proposal were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**Votes For** | **Votes Against** | **Votes Against** | **Abstain** | **Abstain** |
| 28726564 |  | 1070154 |  | 162081 |

---

2. **Proposal 2:** To consider and vote upon a proposal to approve the following ordinary resolution:
 THAT all fractional entitlements to the issued Consolidated Shares resulting from the
 Share Consolidation will be disregarded and will not be issued to the shareholders of the
 Company but all such fractional shares shall be purchased by the Company in cash for the
 fair value of such fractional shares, such fair value being the closing price of the ordinary
 shares on a post-consolidation basis on the applicable trading market on the first trading
 date of the ordinary shares following the Share Consolidation (the **"Fractional Shares Proposal"**).

The votes regarding this Fractional Shares Proposal were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Votes Against** | **Abstain** | **Abstain** |
| 29091286 |  | 799959 |  | 67554 |

---

3. **Proposal 3:** To consider and vote upon a proposal to approve the following ordinary resolution: **THAT** immediately following
the Share Consolidation, the authorized share capital of the Company be and is hereby increased from US$900,000 divided into 7,500,000
shares of a nominal or par value of US$0.12 each, to US$36,000,000 divided into 300,000,000 shares of a nominal or par value of US$0.12
each (the "**Share Capital Increase Proposal** ").

The votes regarding this Share Capital Increase Proposal were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Votes For** | **Votes Against** | **Votes Against** | **Abstain** | **Abstain** |
| 28615592 |  | 1176285 |  | 166922 |

---

On February 2, 2023, Conyers Trust Company (Cayman) Limited, the Secretary of the Company, filed a certificate certifying the above ordinary resolutions passed at the Meeting approving the Share Consolidation Proposal, Fractional Shares Proposal and Share Capital Increase Proposal with the Registrar of Companies of the Cayman Islands.

A copy of the Amended and Restated Memorandum of Association and Second Amended and Restated Articles of Association including the said certificate is attached hereto as Exhibit 99.1.

This report on Form 6-K is incorporated by reference into (i) the prospectus contained in the Company's registration statement on [Form F-3](http://www.sec.gov/Archives/edgar/data/1804469/000121390021067345/ea152792-f3_guardforce.htm) (SEC File No. 333-261881) declared effective by the Securities and Exchange Commission (the "**Commission**") on January 5, 2022; (ii) the prospectus dated February 9, 2022 contained in the Company's registration statement on [Form F-3](http://www.sec.gov/Archives/edgar/data/1804469/000121390022004598/ea154492-f3_guardforce.htm) (SEC File No. 333-262441) declared effective by the Commission on February 9, 2022; and (iii) the prospectus contained in the Company's [Post-Effective Amendment No. 1 to Form F-1](http://www.sec.gov/Archives/edgar/data/1804469/000121390022030685/ea160860-posam_guard.htm) on Form F-3 (SEC File No. 333-258054) declared effective by the Commission on June 14, 2022.

**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.

---

| | | |
|:---|:---|:---|
| Date: February 8, 2023 | **Guardforce AI Co., Limited** | **Guardforce AI Co., Limited** |
|  | By: | /s/ Lei Wang |
|  |  | Lei Wang |
|  |  | Chief Executive Officer |

---

**EXHIBIT INDEX**

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| | |
|:---|:---|
| **Exhibit** | **Description** |
| 99.1 | [Amended and Restated Memorandum of Association and Second Amended and Restated Articles of Association incorporating resolutions passed on January 31, 2023](ea172876ex99-1_guardforce.htm) |

---

## Exhibit 99.1

**Exhibit 99.1**

![](ex99-1_002.jpg)

![](ex99-1_003.jpg)

**THE COMPANIES LAW <br>EXEMPTED COMPANY LIMITED BY SHARES**

**AMENDED AND RESTATED**

**MEMORANDUM OF ASSOCIATION**

**OF**

**GUARDFORCE AI CO., LIMITED 卫安智能有限公司**

(Adopted by special resolution passed on 05<sup>th</sup> February 2020 and with effect from 05<sup>th</sup> February 2020)

1. The name of the Company is **GUARDFORCE AI CO., LIMITED 卫安智能有限公司.** 

2. The Registered Office of the Company shall be at the offices
of Sertus Incorporations (Cayman) Limited, Sertus Chambers, Governors Square, Suite # 5-204, 23 Lime Tree bay Avenue, P.O. Box 2547,
Grand Cayman, KY1-1104, Cayman Islands.

3. Subject to the following provisions of this Memorandum, the
objects for which the Company is established are unrestrictedand shall include, but without limitation:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) to act and to perform all the functions of a holding company
in all its branches and to coordinate the policy and administration of any subsidiary company or companies wherever incorporated or carrying
on business or of any group of companies of which the Company or any subsidiary company is a member or which are in any manner controlled
directly or indirectly by the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) to act as an investment company and for that purpose to subscribe,
acquire, hold, dispose, sell, deal in or trade upon any terms, whether conditionally or absolutely, shares, stock, debentures, debenture
stock, annuities, notes, mortgages, bonds, obligations and securities, foreign exchange, foreign currency deposits and commodities, issued
or guaranteed by any company wherever incorporated, or by any government, sovereign, ruler, commissioners, public body or authority,
supreme, municipal, local or otherwise, by original subscription, tender, purchase, exchange, underwriting, participation in syndicates
or in any other manner and whether or not fully paid up, and to meet calls thereon.

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 Law (Revised).

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.

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.

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

8. The share capital of the Company is US$300,000 divided into300,000,000
Shares of par value US$0.001 each, with the power for the Company, insofar as is permitted by law, to redeem or purchase any of its shares
and to increase or reduce the said share capital subject to the provisions of the Companies Law (Revised) and the Articles of Association
of the Company and to issue any part of its capital, whether original, redeemed or increased, with or without any preference, priority
or special privilege or subject to any postponement of rights or to any conditions or restrictions; and so that, unless the conditions
of issue shall otherwise expressly declare, every issue of shares, whether declared to be preference or otherwise, shall be subject to
the power hereinbefore contained.

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

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The Companies Act (As Revised) <br> Company Limited by Shares

SECOND AMENDED AND RESTATED <br> ARTICLES OF ASSOCIATION

OF

**GUARDFORCE AI CO., LIMITED 卫安智能有限公司**

(Adopted at a general meeting held on 23 June 2022)

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<u>I N D E X</u>

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| | |
|:---|:---|
| SUBJECT | Article No. |
| Table A | 1 |
| Interpretation | 1 |
| Share Capital | 5 |
| Alteration Of Capital | 5 |
| Share Rights | 7 |
| Variation Of Rights | 7 |
| Shares | 8 |
| Share Certificates | 9 |
| Lien | 11 |
| Calls On Shares | 12 |
| Forfeiture Of Shares | 13 |
| Register Of Members | 15 |
| Record Dates | 15 |
| Transfer Of Shares | 16 |
| Transmission Of Shares | 17 |
| Untraceable Members | 17 |
| General Meetings | 18 |
| Notice Of General Meetings | 18 |
| Proceedings At General Meetings | 18 |
| Voting | 22 |
| Proxies | 24 |
| Corporations Acting By Representatives | 26 |
| No Action By Written Resolutions Of Members | 26 |
| Board Of Directors | 27 |
| Retirement Of Directors | 28 |
| Disqualification Of Directors | 28 |
| Alternate Directors | 29 |
| Directors' Fees And Expenses | 30 |
| Directors' Interests | 30 |
| General Powers Of The Directors | 32 |
| Borrowing Powers | 34 |
| Proceedings Of The Directors | 34 |
| Audit Committee | 36 |
| Officers | 36 |
| Register of Directors and Officers | 37 |
| Minutes | 37 |
| Seal | 38 |
| Authentication Of Documents | 38 |
| Destruction Of Documents | 38 |
| Dividends And Other Payments | 39 |
| Reserves | 43 |
| Capitalisation | 44 |
| Subscription Rights Reserve | 44 |
| Accounting Records | 46 |
| Audit | 47 |
| Notices | 47 |
| Signatures | 50 |
| Winding Up | 50 |
| Indemnity | 50 |
| Financial Year End | 51 |
| Amendment To Memorandum and Articles of Association And Name of Company | 51 |
| Information | 51 |

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THE COMPANIES ACT (AS REVISED)<br> COMPANY LIMITED BY SHARES

SECOND AMENDED AND RESTATED <br> ARTICLES OF ASSOCIATION

OF

**GUARDFORCE AI CO., LIMITED 卫安智能有限公司**

(Adopted at a general meeting held on 23 June 2022)

<u>TABLE A</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The regulations in Table A in the Schedule to the Companies
Act (As Revised) do not apply to the Company.

<u>INTERPRETATION</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. (1) In these Articles, unless the context otherwise requires, the words standing in the first column of the following table shall bear the
meaning set opposite them respectively in the second column.

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| | |
|:---|:---|
| <u>WORD</u> | <u>MEANING</u> |
| "Act" | the Companies Act, Cap. 22 (Act 3 of 1961, as consolidated and revised) of the Cayman Islands. |
| "Articles" | these Articles in their present form or as supplemented or amended or substituted from time to time. |
| "Audit Committee" | the audit committee of the Company formed by the Board pursuant to Article 124 hereof, or any successor audit committee. |
| "Auditor" | the independent auditor of the Company which shall be an internationally recognised firm of independent accountants. |
| "Board" or "Directors" | the board of directors of the Company or the directors present at a meeting of directors of the Company at which a quorum is present. |
| "capital" | the share capital from time to time of the Company. |
| "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. |
| "clearing house" | a clearing house recognised by the laws of the jurisdiction in which the shares of the Company (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such jurisdiction. |
| "Company" | GUARDFORCE AI CO., LIMITED 卫安智能有限公司. |
| "competent regulatory | a competent regulatory authority in the territory authority" where the shares of the Company (or depositary receipts therefor) are listed or quoted on a stock exchange or interdealer quotation system in such territory. |

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"debenture" and "debenture holder" include debenture stock and debenture stockholder respectively. <br>"Designated Stock Exchange" the stock exchange in the United States of America on which any shares of the Company are listed for trading.

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| | |
|:---|:---|
| "Designated Stock Exchange Rules" | the relevant code, rules and regulations, as amended, from time to time, applicable as a result of the original and continued listing of any shares of the Company on the Designated Stock Exchange. |
| "dollars" and "$" | dollars, the legal currency of the United States of America. |
| "Exchange Act" | the Securities Exchange Act of 1934, as amended. |

---

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| | |
|:---|:---|
| "electronic communication" | a communication sent, transmitted, conveyed and received by wire, by radio, by optical means or by other electron magnetic means in any form through any medium. |
| "electronic meeting" | a general meeting held and conducted wholly and exclusively by virtual attendance and participation by Members and/or proxies by means of electronic facilities. |
| "head office" | such office of the Company as the Directors may from time to time determine to be the principal office of the Company. |
| 'hybrid meeting" | a general meeting convened for the (i) physical attendance by Members and/or proxies at the Principal Meeting Place and where applicable, one or more Meeting Locations and (ii) virtual attendance and participation by Members and/or proxies by means of electronic facilities. |
| "Listing Rules" | rules of the Designated Stock Exchange. |
| "Meeting Location" | has the meaning given to it in Article 64A. |
| "Member" | a duly registered holder from time to time of the shares in the capital of the Company. |
| "month" | a calendar month. |
| "Notice" | written notice unless otherwise specifically stated and as further defined in these Articles. |
| "Office" | the registered office of the Company for the time being. |
| "ordinary resolution" | a resolution shall be an ordinary resolution when it has been passed by a simple majority of votes cast by such Members as, being entitled so to do, vote in person or, in the case of any Member being a corporation, by its duly authorised representative or, where proxies are allowed, by proxy at a general meeting of which Notice has been duly given in accordance with Article 59. |

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| | |
|:---|:---|
| "paid up" | paid up or credited as paid up. |
| "physical meeting" | a general meeting held and conducted by physical attendance and participation by Members and/or proxies at the Principal Meeting Place and/or where applicable, one or more Meeting Locations. |
| "Principal Meeting Place" | shall have the meaning given to it in Article 59(2). |
| "Register" | the principal register and where applicable, any branch register of Members 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 of the Company 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. |
| "SEC" | the United States Securities and Exchange Commission. |
| "Seal" | common seal or any one or more duplicate seals of the Company (including a securities seal) for use in the Cayman Islands or in any place outside the Cayman Islands. |
| "Secretary" | any person, firm or corporation appointed by the Board to perform any of the duties of secretary of the Company and includes any assistant, deputy, temporary or acting secretary. |
| "special resolution" | a resolution shall be a special resolution when it has been passed by a majority of not less than two-thirds of votes cast by such Members as, being entitled so to do, vote in person or, in the case of such Members as are corporations, by their respective duly authorised representative or, where proxies are allowed, by proxy at a general meeting of which Notice has been duly given in accordance with Article 59. |
|  | A special resolution shall be effective for any purpose for which an ordinary resolution is expressed to be required under any provision of these Articles or the Statutes. |
| "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. |
| "year" | a calendar year. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) In these Articles, unless there be something within the subject
or context inconsistent with such construction:

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) words importing a gender include both gender and the neuter;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) words importing persons include companies, associations and 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;&nbsp;&nbsp;&nbsp;&nbsp;(i) "may" shall be construed as permissive;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) expressions referring to writing shall, unless the contrary intention appears,
be construed as including printing, lithography, photography and other modes of representing or reproducing words or figures in a legible
and non-transitory form or, to the extent permitted by and in accordance with the Statutes and other applicable laws, rules and regulations,
any visible substitute for writing (including an electronic communication), or modes of representing or reproducing words partly in one
visible form and partly in another visible form, and including where the representation takes the form of electronic display, provided
that both the mode of service of the relevant document or Notice and the Member's election comply
with all applicable Statutes, rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) references to any law, ordinance, statute or statutory provision shall be interpreted as relating to any
statutory modification or re-enactment thereof for the time being in force;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) save as aforesaid words and expressions defined in the Statutes shall bear the
same meanings in these Articles if not inconsistent with the subject in the context;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(h) references to a document (including, but without limitation, a resolution in writing) being signed or
executed include references to it being signed or executed under hand or under seal or by electronic signature or by electronic communication
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;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Section 8 and Section 19 of the Electronic Transactions Act (2003) of the Cayman
Islands, as amended from time to time, shall not apply to these Articles to the extent it imposes obligations or requirements in addition
to those set out in these Articles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(j) a reference to a meeting shall mean a meeting convened and held in any manner permitted by these Articles
and any Member or Director attending and participating at a meeting by means of electronic facilities shall be deemed to be present at
that meeting for all purposes of the Statutes and these Articles, and attend, participate, attending, participating, attendance and participation
shall be construed accordingly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(k) references to a person's participation in the business of a general meeting
include without limitation and as relevant the right (including, in the case of a corporation, through a duly authorised representative)
to speak or communicate, vote, be represented by a proxy and have access in hard copy or electronic form to all documents which are required
by the Statutes or these Articles to be made available at the meeting, and participate and participating in the business of a general
meeting shall be construed accordingly;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(l) references to electronic facilities include, without limitation,
website addresses, webinars, webcast, video or any form of conference call systems (telephone, video, web or otherwise); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(m) where a Member is a corporation, any reference in these Articles
to a Member shall, where the context requires, refer to a duly authorised representative of such Member.

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<u>SHARE CAPITAL</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. (1) The share capital of the Company at the date on which these Articles come into effect shall be divided into shares of a par value of
United States dollars $0.003 each.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 the rules of 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. The Company is hereby authorised
to make payments in respect of the purchase of its shares out of capital or out of any other account or fund which can be authorised
for this purpose in accordance with the Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) Subject to compliance with the rules of the Designated Stock
Exchange and any other competent regulatory authority, the Company may give financial assistance for the purpose of or in connection
with a purchase made or to be made by any person of any shares in the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Board may accept the surrender for no consideration of any fully paid share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) No share shall be issued to bearer.

<u>ALTERATION OF CAPITAL</u>

4. The Company may from time to time by ordinary resolution in
accordance with the Act 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;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) without prejudice to the powers of the Board under Article 12, 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 authorised 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) sub-divide 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 sub-division,
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;

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

5. 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.

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6. 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. 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 with reference to the payment of calls
and instalments, transfer and transmission, forfeiture, lien, cancellation, surrender, voting and otherwise.

<u>SHARE RIGHTS</u>

8. Subject to the provisions of the Act, the rules of the Designated
Stock Exchange and the 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 12 hereof, any share in the Company (whether forming part of the present capital or not)
may be issued with or have attached thereto such rights or restrictions whether in regard to dividend, voting, return of capital or otherwise
as the Board may determine, including without limitation on terms that they may be, or at the option of the Company or the holder are,
liable to be redeemed on such terms and in such manner, including out of capital, as the Board may deem fit.

9. Subject to the Act, any preferred shares may be issued or
converted into shares that, at a determinable date or at the option of the Company or the holder thereof, are to be redeemed or are liable
to be redeemed on such terms and in such manner as the Directors may in their absolute discretion determine.

<u>VARIATION OF RIGHTS</u>

10. Subject to the Act and without prejudice to Article 8, 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 authorised representative) together holding or
representing by proxy not less than one-third in nominal value of the issued shares of that class; and

&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.

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11. 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.

<u>SHARES</u>

12. (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 to their par value. 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 law. 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.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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. Except as otherwise expressly provided in the resolution or resolutions providing for the establishment
of any class or series of preferred shares, no vote of the holders of preferred shares of or ordinary shares shall be a prerequisite
to the issuance of any shares of any class or series of the preferred shares authorised by and complying with the conditions of the Memorandum
and Articles of Association.

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

13. 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.

14. 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.

15. 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.

<u>SHARE CERTIFICATES</u>

16. Any
 share certificate(s) issued by the Company shall be issued under the Seal or
 a facsimile thereof 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.

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17. (1) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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.

18. The Company is not obligated to issue a share certificate
to a Member unless the Member requests it in writing from the Company. Every person whose name is entered, upon an allotment of shares,
as a Member in the Register shall be entitled upon written request by such Member to the Company, 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 is provided in Article 20(2).

19. Upon request by a Member, and receipt of all amounts required
under Article 20(2), a share certificate 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.

20. (1) Upon every transfer of shares the certificate held by
the transferor shall be given up to be cancelled, and shall forthwith be cancelled accordingly, and a new certificate may be issued to
the transferee (upon written request of the transferee) in respect of the shares transferred to him at such fee as is provided in paragraph
(2) of this Article. If any of the shares included in the certificate so given up shall be retained by the transferor a new certificate
for the balance may be issued to him at the aforesaid fee payable by the transferor to the Company in respect thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The fee referred to in paragraph (1) above shall be an amount
not exceeding the relevant maximum amount as the Designated Stock Exchange may from time to time determine provided that the Board may at any time determine a lower
amount for such fee.

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21. 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.

<u>LIEN</u>

22. The Company shall have a first and paramount lien on every
share (not being a fully paid share) for all moneys (whether presently payable or not) called or payable at a fixed time in respect of
that share. The Company shall also have a first and paramount lien on every share (not being a fully paid share) registered in the name
of a Member (whether or not jointly with other Members) for all amounts of money presently payable by such Member or his estate to the
Company whether the same shall have been incurred before or after notice to the Company of any equitable or other interest of any person
other than such Member, and whether the period for the payment or discharge of the same shall have actually arrived or not, and notwithstanding
that the same are joint debts or liabilities of such Member or his estate and any other person, whether a Member or not. The Company's
lien on a share shall extend to all dividends or other moneys payable thereon or in respect thereof. The Board may at any time, generally
or in any particular case, waive any lien that has arisen or declare any share exempt in whole or in part, from the provisions of this
Article.

23. Subject to these Articles, the Company may sell in such manner
as the Board determines any share on which the Company has a lien, but no sale shall be made unless some sum in respect of which the
lien exists is presently payable, or the liability or engagement in respect of which such lien exists is liable to be presently fulfilled
or discharged nor until the expiration of fourteen (14) clear days after a Notice in writing, stating and demanding payment of the sum
presently payable, or specifying the liability or engagement and demanding fulfilment or discharge thereof and giving Notice of the intention
to sell in default, has been served on the registered holder for the time being of the share or the person entitled thereto by reason
of his death or bankruptcy.

24. The net proceeds of the sale shall be received by the Company and applied in or towards payment or
 discharge of the debt or liability in respect of which the lien exists, so far as the same is presently payable,
and any residue shall (subject to a like lien for debts or liabilities not presently payable as existed upon the share prior to the sale)
be paid to the person entitled to the share at the time of the sale. To give effect to any such sale the Board may authorise some person
to transfer the shares sold to the purchaser thereof. The purchaser shall be registered as the holder of the shares so transferred and
he shall not be bound to see to the application of the purchase money, nor shall his title to the shares be affected by any irregularity
or invalidity in the proceedings relating to the sale.

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<u>CALLS ON SHARES</u>

25. Subject to these Articles and to the terms of allotment,
the Board may from time to time make calls upon the Members in respect of any moneys unpaid on their shares (whether on account of the
nominal value of the shares or by way of premium), and each Member shall (subject to being given at least fourteen (14) clear days'
Notice specifying the time and place of payment) pay to the Company as required by such Notice the amount called on his shares. A call
may be extended, postponed or revoked in whole or in part as the Board determines but no Member shall be entitled to any such extension,
postponement or revocation except as a matter of grace and favour.

26. A call shall be deemed to have been made at the time when
the resolution of the Board authorising the call was passed and may be made payable either in one lump sum or by instalments.

27. A person upon whom a call is made shall remain liable for
calls made upon him notwithstanding the subsequent transfer of the shares in respect of which the call was made. The joint holders of
a share shall be jointly and severally liable to pay all calls and instalments due in respect thereof or other moneys due in respect
thereof.

28. If a sum called in respect of a share is not paid before or
on the day appointed for payment thereof, the person from whom the sum is due shall pay interest on the amount unpaid from the day appointed
for payment thereof to the time of actual payment at such rate (not exceeding twenty per cent. (20%) per annum) as the Board may determine,
but the Board may in its absolute discretion waive payment of such interest wholly or in part.

29. No Member shall be entitled to receive any dividend or bonus
or to be present and vote (save as proxy for another Member) at any general meeting either personally or by proxy, or be reckoned in
a quorum, or exercise any other privilege as a Member until all calls or instalments due by him to the Company, whether alone or jointly
with any other person, together with interest and expenses (if any) shall have been paid.

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30. On the trial or hearing of any action or other proceedings
for the recovery of any money due for any call, it shall be sufficient to prove that the name of the Member sued is entered in the Register
as the holder, or one of the holders, of the shares in respect of which such debt accrued, that the resolution making the call is duly
recorded in the minute book, and that notice of such call was duly given to the Member sued, in pursuance of these Articles; and it shall
not be necessary to prove the appointment of the Directors who made such call, nor any other matters whatsoever, but the proof of the
matters aforesaid shall be conclusive evidence of the debt.

31. Any amount payable in respect of a share upon allotment or
at any fixed date, whether in respect of nominal value or premium or as an instalment of a call, shall be deemed to be a call duly made
and payable on the date fixed for payment and if it is not paid the provisions of these Articles shall apply as if that amount had become
due and payable by virtue of a call duly made and notified.

32. On the issue of shares the Board may differentiate between
the allottees or holders as to the amount of calls to be paid and the times of payment.

33. The Board may, if it thinks fit, receive from any Member willing
to advance the same, and either in money or money's worth, all or any part of the moneys uncalled and unpaid or instalments payable
upon any shares held by him and upon all or any of the moneys so advanced (until the same would, but for such advance, become presently
payable) pay interest at such rate (if any) as the Board may decide. The Board may at any time repay the amount so advanced upon giving
to such Member not less than one (1) month's Notice of its intention in that behalf, unless before the expiration of such notice
the amount so advanced shall have been called up on the shares in respect of which it was advanced. Such payment in advance shall not
entitle the holder of such share or shares to participate in respect thereof in a dividend subsequently declared.

<u>FORFEITURE OF SHARES</u>

34. (1) If a call remains unpaid after it has become due and payable
the Board may give to the person from whom it is due not less than fourteen (14) clear days' Notice:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) requiring payment of the amount unpaid together with any interest which may have
accrued and which may still accrue up to the date of actual payment; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) stating that if the Notice is not complied with the shares on which the call was made will be liable to
be forfeited.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If the requirements of any such Notice are not complied with,
any share in respect of which such Notice has been given may at any time thereafter, before payment of all calls and interest due in
respect thereof has been made, be forfeited by a resolution of the Board to that effect, and such forfeiture shall include all dividends
and bonuses declared in respect of the forfeited share but not actually paid before the forfeiture.

35. When any share has been forfeited, Notice of the forfeiture
shall be served upon the person who was before forfeiture the holder of the share. No forfeiture shall be invalidated by any omission
or neglect to give such Notice.

36. The Board may accept the surrender of any share liable to
be forfeited hereunder and, in such case, references in these Articles to forfeiture will include surrender.

37. Any share so forfeited shall be deemed the property of the
Company and may be sold, re-allotted or otherwise disposed of to such person, upon such terms and in such manner as the Board determines,
and at any time before a sale, re-allotment or disposition the forfeiture may be annulled by the Board on such terms as the Board determines.

38. A person whose shares have been forfeited shall cease to be
a Member in respect of the forfeited shares but nevertheless shall remain liable to pay the Company all moneys which at the date of forfeiture
were presently payable by him to the Company in respect of the shares, with (if the Directors shall in their discretion so require) interest
thereon from the date of forfeiture until payment at such rate (not exceeding twenty per cent. (20%) per annum) as the Board determines.
The Board may enforce payment thereof if it thinks fit, and without any deduction or allowance for the value of the forfeited shares,
at the date of forfeiture, but his liability shall cease if and when the Company shall have received payment in full of all such moneys
in respect of the shares. For the purposes of this Article any sum which, by the terms of issue of a share, is payable thereon at a fixed
time which is subsequent to the date of forfeiture, whether on account of the nominal value of the share or by way of premium, shall
notwithstanding that time has not yet arrived be deemed to be payable at the date of forfeiture, and the same shall become due and payable
immediately upon the forfeiture, but interest thereon shall only be payable in respect of any period between the said fixed time and
the date of actual payment.

39. A declaration by a Director or the Secretary that a share
has been forfeited on a specified date shall be conclusive evidence of the facts therein stated as against all persons claiming to be
entitled to the share, and such declaration shall (subject to the execution of an instrument of transfer by the Company if necessary)
constitute a good title to the share, and the person to whom the share is disposed of shall be registered as the holder of the share
and shall not be bound to see to the application of the consideration (if any), nor shall his title to the share be affected by any irregularity
in or invalidity of the proceedings in reference to the forfeiture, sale or disposal of the share. When any share shall have been forfeited,
notice of the declaration shall be given to the Member in whose name it stood immediately prior to the forfeiture, and an entry of the
forfeiture, with the date thereof, shall forthwith be made in the register, but no forfeiture shall be in any manner invalidated by any
omission or neglect to give such notice or make any such entry.

40. Notwithstanding any such forfeiture as aforesaid the Board
may at any time, before any shares so forfeited shall have been sold, re-allotted or otherwise disposed of, permit the shares forfeited
to be bought back upon the terms of payment of all calls and interest due upon and expenses incurred in respect of the share, and upon
such further terms (if any) as it thinks fit.

41. The forfeiture of a share shall not prejudice the right of
the Company to any call already made or instalment payable thereon.

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

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<u>REGISTER OF MEMBERS</u>

43. (1) The Company shall keep in one or more books a Register
of its Members and shall enter therein the following particulars, that is to say:

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

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

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Company may keep an overseas or local or other branch
register of Members resident in any place, and the Board may make and vary such regulations as it determines in respect of the keeping
of any such register and maintaining a Registration Office in connection therewith.

44. 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, after compliance with notice requirement of any Designated Stock Exchange or by any electronic means in such manner as may be accepted
by the Designated Stock Exchange to that effect, 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.

<u>RECORD DATES</u>

45. (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.

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

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

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<u>TRANSFER OF SHARES</u>

46. Subject to these Articles, 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 such other manner of execution as the Board may approve from
time to time.

47. 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.

48. (1) The Board may, in its absolute discretion, and without
giving any reason therefor, refuse to register a transfer of any share (not being a fully paid up share) to a person of whom it does
not approve, or any share issued under any share incentive scheme for employees 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 (4) joint holders or a transfer of any share (not being a fully paid up share) on which the Company has a lien.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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 Member requesting such transfer
shall bear the cost of effecting the transfer unless the Board otherwise determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) 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 therefor, 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.

49. 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;&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;&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;&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); and

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

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50. If the Board refuses to register a transfer of any share,
it shall, within three (3) months after the date on which the transfer was lodged with the Company, send to each of the transferor and
transferee notice of the refusal.

51. The registration of transfers of shares or of any class of
shares may, after compliance with any notice requirement of the Designated Stock Exchange, be suspended at such times and for such periods
(not exceeding in the whole thirty (30) days in any year) as the Board may determine.

<u>TRANSMISSION OF SHARES</u>

52. If a Member dies, the survivor or survivors where the deceased
was a joint holder, and his legal personal representatives where he was a sole or only surviving holder, will be the only persons recognised
by the Company as having any title to his interest in the shares; but nothing in this Article will release the estate of a deceased Member
(whether sole or joint) from any liability in respect of any share which had been solely or jointly held by him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;53. Any person becoming entitled to a share in consequence of
the death or bankruptcy or winding-up of a Member may, upon such evidence as to his title being produced as may be required by the Board,
elect either to become the holder of the share or to have some person nominated by him registered as the transferee thereof. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;54. 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 75(2) being met, such a person may vote at meetings.

<u>UNTRACEABLE MEMBERS</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;55. (1) Without prejudice to the rights of the Company under paragraph
(2) of this Article, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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;&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 of the Company have remained uncashed;

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

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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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 shall be valid and effective notwithstanding that the Member holding the shares sold is dead, bankrupt or otherwise under any
legal disability or incapacity.

<u>GENERAL MEETINGS</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;56. The Company may hold an annual general meeting and shall
specify the meeting as such in the Notice calling it. An annual general meeting of the Company shall be held at such time and place as
may be determined by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;57. Each general meeting, other than an annual general meeting,
shall be called an extraordinary general meeting. General meetings (including an annual general meeting, any adjourned meeting or postponed
meeting) may be held as a physical meeting in any part of the world and at one or more locations as provided in Article 64A, as a hybrid
meeting or as an electronic meeting, as may be determined by the Board in its absolute discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58. Only a majority of the Board or the Chairman of the Board
may call general meetings, which general meetings shall be held at such times and locations (as permitted hereby) as such person or persons
shall determine.

<u>NOTICE OF GENERAL MEETINGS</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;59. (1) An annual general meeting and any extraordinary general meeting may be called by not less than ten (10) clear days' Notice but
a 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;&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;&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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Notice shall specify (a) the time and date of the meeting,
(b) save for an electronic meeting, the place of the meeting and if there is more than one meeting location as determined by the Board
pursuant to Article 64A, the principal place of the meeting (the "**Principal Meeting Place** "), (c) if the general meeting
is to be a hybrid meeting or an electronic meeting, the Notice shall include a statement to that effect and with details of the electronic
facilities for attendance and participation by electronic means at the meeting or where such details will be made available by the Company
prior to the meeting, and (d) particulars of resolutions to be considered at the meeting. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;60. 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.

<u>PROCEEDINGS AT GENERAL MEETINGS</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61. (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 the election of Directors.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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, two (2) Members entitled to vote and present in person or by proxy representing not less than one-third of the votes
attached to the then issued share capital of the Company throughout the meeting shall form a quorum for all purposes

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;62. If within thirty (30) minutes (or such longer time not exceeding
one hour as the chairman of the meeting may determine to wait) after the time appointed for the meeting a quorum is not present, the
meeting shall stand adjourned to the same day in the next week at the same time and (where applicable) same place(s) or to such time
and (where applicable) such place(s) and in such form and manner referred to in Article 57 as the chairman of the meeting (or in default,
the Board) may absolutely determine. If at such adjourned meeting a quorum is not present within half an hour from the time appointed
for holding the meeting, the Member or Members present and entitled to vote shall be a quorum.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63. 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 by proxy and entitled to vote shall elect one
of their number to be chairman.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;64. Subject to Article 64C, the chairman may, adjourn the meeting
from time to time (or indefinitely) and/or from place to place(s) and/or from one form to another (a physical meeting, a hybrid meeting
or an electronic meeting), 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 details set out in Article 59(2) 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.

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| 64A. | (1) | The Board may, at its absolute discretion, arrange for persons entitled to attend a general meeting to do so by simultaneous attendance and participation by means of electronic facilities at such location or locations ("**Meeting Location(s)**") determined by the Board at its absolute discretion. Any Member or any proxy attending and participating in such way or any Member or proxy attending and participating in an electronic meeting or a hybrid meeting by means of electronic facilities is deemed to be present at and shall be counted in the quorum of the meeting. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) All general meetings are subject to the following and, where
appropriate, all references to a "Member" or "Members" in this sub-paragraph (2) shall include a proxy or proxies
respectively:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) where a Member is attending a Meeting Location and/or in
the case of a hybrid meeting, the meeting shall be treated as having commenced if it has commenced at the Principal Meeting Place;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Members present in person or by proxy at a Meeting Location
and/or Members attending and participating in an electronic meeting or a hybrid meeting by means of electronic facilities shall be counted
in the quorum for and entitled to vote at the meeting in question, and that meeting shall be duly constituted and its proceedings valid
provided that the chairman of the meeting is satisfied that adequate electronic facilities are available throughout the meeting to ensure
that Members at all Meeting Locations and Members participating in an electronic meeting or a hybrid meeting by means of electronic facilities
are able to participate in the business for which the meeting has been convened;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) where Members attend a meeting by being present at one of
the Meeting Locations and/or where Members participating in an electronic meeting or a hybrid meeting by means of electronic facilities,
a failure (for any reason) of the electronic facilities or communication equipment, or any other failure in the arrangements for enabling
those in a Meeting Location other than the Principal Meeting Place to participate in the business for which the meeting has been convened
or in the case of an electronic meeting or a hybrid meeting, the inability of one or more Members or proxies to access, or continue to
access, the electronic facilities despite adequate electronic facilities having been made available by the Company, shall not affect
the validity of the meeting or the resolutions passed, or any business conducted there or any action taken pursuant to such business
provided that there is a quorum present throughout the meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if any of the Meeting Locations is not in the same jurisdiction
as the Principal Meeting Place and/or in the case of a hybrid meeting, the provisions of these Articles concerning the service and giving
of Notice for the meeting, and the time for lodging proxies, shall apply by reference to the Principal Meeting Place; and in the case
of an electronic meeting, the time for lodging proxies shall be as stated in the Notice for the meeting.

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| 64B. | The Board and, at any general meeting, the chairman of the meeting may from time to time make arrangements for managing attendance and/or participation and/or voting at the Principal Meeting Place, any Meeting Location(s) and/or participation in an electronic meeting or a hybrid meeting by means of electronic facilities (whether involving the issue of tickets or some other means of identification, passcode, seat reservation, electronic voting or otherwise) as it shall in its absolute discretion consider appropriate, and may from time to time change any such arrangements, provided that a Member who, pursuant to such arrangements, is not entitled to attend, in person or by proxy, at any Meeting Location shall be entitled so to attend at one of the other Meeting Locations; and the entitlement of any Member so to attend the meeting or adjourned meeting or postponed meeting at such Meeting Location or Meeting Locations shall be subject to any such arrangement as may be for the time being in force and by the Notice of meeting or adjourned meeting or postponed meeting stated to apply to the meeting. |

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64C. If it appears to the chairman of the general meeting that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the electronic facilities at the Principal Meeting Place or
at such other Meeting Location(s) at which the meeting may be attended have become inadequate for the purposes referred to in Article
64A(1) or are otherwise not sufficient to allow the meeting to be conducted substantially in accordance with the provisions set out in
the Notice of the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) in the case of an electronic meeting or a hybrid meeting,
electronic facilities being made available by the Company have become inadequate; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) it is not possible to ascertain the view of those present
or to give all persons entitled to do so a reasonable opportunity to communicate and/or vote at the meeting; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) there is violence or the threat of violence, unruly behaviour
or other disruption occurring at the meeting or it is not possible to secure the proper and orderly conduct of the meeting;

then, without prejudice to any other power which the chairman of the meeting may have under these Articles or at common law, the chairman may, at his/her absolute discretion, without the consent of the meeting, and before or after the meeting has started and irrespective of whether a quorum is present, interrupt or adjourn the meeting (including adjournment for indefinite period). All business conducted at the meeting up to the time of such adjournment shall be valid.

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| 64D. | The Board and, at any general meeting, the chairman of the meeting may make any arrangement and impose any requirement or restriction the Board or the chairman of the meeting, as the case may be, considers appropriate to ensure the security and orderly conduct of a meeting (including, without limitation, requirements for evidence of identity to be produced by those attending the meeting, the searching of their personal property and the restriction of items that may be taken into the meeting place, determining the number and frequency of and the time allowed for questions that may be raised at a meeting). Members shall also comply with all requirements or restrictions imposed by the owner of the premises at which the meeting is held. Any decision made under this Article shall be final and conclusive and a person who refuses to comply with any such arrangements, requirements or restrictions may be refused entry to the meeting or ejected (physically or electronically) from the meeting. |

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| 64E. | If, after the sending of Notice of a general meeting but before the meeting is held, or after the adjournment of a meeting but before the adjourned meeting is held (whether or not Notice of the adjourned meeting is required), the Directors, in their absolute discretion, consider that it is inappropriate, impracticable, unreasonable or undesirable for any reason to hold the general meeting on the date or at the time or place or by means of electronic facilities specified in the Notice calling the meeting, they may change or postpone the meeting to another date, time and/or place and/or change the electronic facilities and/or change the form of the meeting (a physical meeting, an electronic meeting or a hybrid meeting) without approval from the Members. Without prejudice to the generality of the foregoing, the Directors shall have the power to provide in every Notice calling a general meeting the circumstances in which a postponement of the relevant general meeting may occur automatically without further notice, including without limitation where a number 8 or higher typhoon signal, black rainstorm warning or other similar event is in force at any time on the day of the meeting. This Article shall be subject to the following: |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) when a meeting is so postponed, the Company shall endeavour
to post a Notice of such postponement on the Company's website as soon as practicable (provided that failure to post such a Notice
shall not affect the automatic postponement of a meeting);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) when only the form of the meeting or electronic facilities
specified in the Notice are changed, the Board shall notify the Members of details of such change in such manner as the Board may determine;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) when a meeting is postponed or changed in accordance with
this Article, subject to and without prejudice to Article 64, unless already specified in the original Notice of the meeting, the Board
shall fix the date, time, place (if applicable) and electronic facilities (if applicable) for the postponed or changed meeting and shall
notify the Members of such details in such manner as the Board may determine; further all proxy forms shall be valid (unless revoked or replaced by a new proxy) if they are received
as required by these Articles not less than 48 hours before the time of the postponed meeting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Notice of the business to be transacted at the postponed or
changed meeting shall not be required, nor shall any accompanying documents be required to be recirculated, provided that the business
to be transacted at the postponed or changed meeting is the same as that set out in the original Notice of general meeting circulated
to the Members.

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| 64F. | All persons seeking to attend and participate in an electronic meeting or a hybrid meeting shall be responsible for maintaining adequate facilities to enable them to do so. Subject to Article 64C, any inability of a person or persons to attend or participate in a general meeting by way of electronic facilities shall not invalidate the proceedings of and/or resolutions passed at that meeting. |

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| 64G. | Without prejudice to other provisions in Article 64, a physical meeting may also be held by means of such telephone, electronic or other communication facilities as permit all persons participating in the meeting to communicate with each other simultaneously and instantaneously, and participation in such a meeting shall constitute presence in person at such meeting. |

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;65. 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.

<u>VOTING</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;66. (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,
at any general meeting on a poll every Member present in person or by proxy shall have one vote for every fully paid 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. A resolution put to the vote of a meeting shall be decided by way of a poll save that in the case of
a physical meeting, the chairman of the meeting may in good faith, allow a resolution which relates purely to a procedural or administrative
matter to be voted on by a show of hands in which case every Member present in or by proxy(ies) shall have one vote provided that 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. For purposes of this Article, procedural and administrative matters are those that (i) are not
on the agenda of the general meeting or in any supplementary circular that may be issued by the Company to its Members; and (ii) relate
to the chairman's duties to maintain the orderly conduct of the meeting and/or allow the business of the meeting to be properly
and effectively dealt with, whilst allowing all Members a reasonable opportunity to express their views. Votes (whether on a show of
hands or by way of poll) may be cast by such means, electronic or otherwise, as the Directors or the chairman of the meeting may determine.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67. Where a resolution is voted on by a show of hands, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;68. The result of the poll shall be deemed to be the resolution
of the meeting. There shall be no requirement for the chairman to disclose the voting figures on a poll.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;69. [RESERVED.]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;70. [RESERVED.]

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;71. On a poll votes may be given either personally or by proxy.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;72. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;73. All questions submitted to a meeting shall be decided by a
simple majority of votes cast by such Members as, being entitled to do so, vote in person or by proxy 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;74. 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.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;75. (1) 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 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 postponed meeting, as the case may be.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Any person entitled under Article 53 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 or postponed
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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;77. If:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&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;&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;&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 or postponed meeting on any resolution unless the same is raised or pointed out at the meeting or, as the case may be, the adjourned meeting or postponed 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.

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<u>PROXIES</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;78. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;79. 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;80. (1) The Company may, at its absolute discretion, provide an electronic address for the receipt of any document or information relating to
proxies for a general meeting (including any instrument of proxy or invitation to appoint a proxy, any document necessary to show the
validity of, or otherwise relating to, an appointment of proxy (whether or not required under these Articles) and notice of termination
of the authority of a proxy). If such an electronic address is provided, the Company shall be deemed to have agreed that any such document
or information (relating to proxies as aforesaid) may be sent by electronic means to that address, subject as hereafter provided and
subject to any other limitations or conditions specified by the Company when providing the address. Without limitation, the Company may
from time to time determine that any such electronic address may be used generally for such matters or specifically for particular meetings
or purposes and, if so, the Company may provide different electronic addresses for different purposes. The Company may also impose any
conditions on the transmission of and its receipt of such electronic communications including, for the avoidance of doubt, imposing any
security or encryption arrangements as may be specified by the Company. If any document or information required to be sent to the Company
under this Article is sent to the Company by electronic means, such document or information is not treated as validly delivered to or
deposited with the Company if the same is not received by the Company at its designated electronic address provided in accordance with
this Article or if no electronic address is so designated by the Company for the receipt of such document or information.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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),
or if the Company has provided an electronic address in accordance with the preceding paragraph, shall be received at the electronic
address specified, not less than forty-eight (48) hours before the time appointed for holding the meeting or adjourned meeting or postponed
meeting at which the person named in the instrument proposes to vote. 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 postponed 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 at the meeting convened and in such event, the instrument appointing a proxy shall be
deemed to be revoked.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81. 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
or postponement of the meeting as for the meeting to which it relates. The Board may decide, either generally or in any particular case,
to treat a proxy appointment as valid notwithstanding that the appointment or any of the information required under these Articles has
not been received in accordance with the requirements of these Articles. Subject to aforesaid, if the proxy appointment and any of the
information required under these Articles is not received in the manner set out in these Articles, the appointee shall not be entitled
to vote in respect of the shares in question.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;82. 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 postponed meeting, at which the instrument of proxy is used.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;83. 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.

<u>CORPORATIONS ACTING BY REPRESENTATIVES</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;84. (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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) If a clearing house (or its nominee(s)) or a central depository
entity, 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 a central depository entity (or its nominee(s)) as if such person was the registered holder of the shares of
the Company held by the clearing house or a central depository entity (or its nominee(s)) including, where a show of hands is allowed,
the right to vote individually on a show of hands.

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

<u>ACTION BY WRITTEN RESOLUTIONS OF MEMBERS</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;85. A resolution in writing signed (in such manner as to indicate,
expressly or impliedly, unconditional approval) by or on behalf of all persons for the time being entitled to receive Notice of and to
attend and vote at general meetings of the Company shall, for the purposes of these Articles, be treated as a resolution duly passed
at a general meeting of the Company and, where relevant, as a special resolution so passed. Any such resolution shall be deemed to have
been passed at a meeting held on the date on which it was signed by the last Member to sign, and where the resolution states a date as
being the date of his signature thereof by any Member the statement shall be prima facie evidence that it was signed by him on that date.
Such a resolution may consist of several documents in the like form, each signed by one or more relevant Members.

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<u>BOARD OF DIRECTORS</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;86. (1) Unless otherwise determined by the Members 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 Board. 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 Articles
86 and 87 and shall hold office until their resignations from the Board, or their office is otherwise vacated, or until their successors
are elected or appointed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Subject to the Articles and the Act, the Members 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Directors 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.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Subject to any provision to the contrary in these Articles,
a Director may be removed by way of an ordinary 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).

under the provisions of subparagraph (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 or by the affirmative vote of all of the remaining Directors through a resolution in writing signed by such
Directors.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7) The Board may from time to time by resolution increase or
reduce the number of Directors but so that the number of Directors shall never be less than two (2).

<u>NO RETIREMENT OF DIRECTORS BY ROTATION</u>

87. No Director(s) shall be required to retire from office by
rotation

88. Unless otherwise provided by the Designated Stock Exchange
Rules, no person shall, unless recommended by the Directors for election, be eligible for election as a Director at any general meeting.

<u>DISQUALIFICATION OF DIRECTORS</u>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;89. The office of a Director shall be vacated if the Director:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) becomes of unsound mind or dies;

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) 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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) is prohibited by law from being a Director; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) ceases to be a Director by virtue of any provision of the
Statutes or is removed from office pursuant to these Articles.

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ALTERNATE DIRECTORS

90. 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 he 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.

91. 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.

92. 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.

93. 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.

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<u>DIRECTORS' FEES AND EXPENSES</u>

94. Subject to the Designated Exchange Rules, the Directors shall
receive such remuneration as the Board or a committee with such power delegated by the Board may from time to time determine.

95. 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.

96. 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.

97. Subject to the Designated Exchange Rules, the Board may, without
the approval of the Members in a general meeting, make payments to any Director or past Director of the Company by way of compensation
for loss of office, or as consideration for or in connection with his retirement from office (not being payment to which the Director
is contractually entitled).

<u>DIRECTORS' INTERESTS</u>

98. A Director may:

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

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) continue to be or become a director 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 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 or other officers of such company) or voting or providing for the payment of remuneration to the director 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 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.

Notwithstanding the foregoing, no "Independent Director" as defined in Designated Stock Exchange 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.

99. 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 102 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.B of Form 20F promulgated by
the SEC, shall require the approval of the Audit Committee.

100. 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:

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

101. 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.

<u>GENERAL POWERS OF THE DIRECTORS</u>

102. (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 Members 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 Members in general meeting, but no regulations made
by the Members in a 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.

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

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

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

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

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103. The Board may establish any regional or local boards or agencies
for managing any of the affairs of the Company in any place, and may appoint any persons to be members of such local boards, or any managers
or agents, and may fix their remuneration (either by way of salary or by commission or by conferring the right to participation in the
profits of the Company or by a combination of two or more of these modes) and pay the working expenses of any staff employed by them
upon the business of the Company. The Board may delegate to any regional or local board, manager or agent any of the powers, authorities
and discretions vested in or exercisable by the Board (other than its powers to make calls and forfeit shares), with power to sub-delegate,
and may authorise the members of any of them to fill any vacancies therein and to act notwithstanding vacancies. Any such appointment
or delegation may be made upon such terms and subject to such conditions as the Board may think fit, and the Board may remove any person
appointed as aforesaid, and may revoke or vary such delegation, but no person dealing in good faith and without notice of any such revocation
or variation shall be affected thereby.

104. 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.

105. The Board may entrust to and confer upon 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.

106. 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.

107. (1) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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.

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<u>BORROWING POWERS</u>

108. 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.

109. 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.

110. Any debentures, bonds or other securities may be issued at
a discount (other than shares), 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.

111. (1) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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.

<u>PROCEEDINGS OF THE DIRECTORS</u>

112. The Board may meet for the despatch of business, adjourn
or postpone 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.

113. 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 of which notice may be given in writing
or by electronic means to an electronic address from time to time notified to the Company by such Director or (if the recipient consents
to it being made available on a website) by making it available on a website or verbally (including in person or by telephone) or in
such other manner as the Board may from time to time determine whenever he shall be required so to do by the chief executive officer
or chairman, as the case may be, or any Director.

114. (1) 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 a majority of the Directors then in office,
and which shall include the Chairman. 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.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Directors may participate in any meeting of the Board by
means of a conference telephone, electronic 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) 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.

115. 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.

116. 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.

117. 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.

118. (1) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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.

119. 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.

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120. A resolution in writing signed by all the Directors except
such as are temporarily unable to act through ill-health or disability, and all the alternate Directors, if appropriate, whose appointors
are temporarily unable to act as aforesaid 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. A notification of consent to such resolution
given by a Director in writing to the Board by any means (including by means of electronic communication) shall be deemed to be his/her
signature to such resolution in writing for the purpose of this Article. Such resolution may be contained in one document or in several
documents in like form each signed by one or more of the Directors or alternate Directors and for this purpose a facsimile signature
of a Director or alternate Directors shall be treated as valid.

121. 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.

<u>AUDIT COMMITTEE</u>

122. 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 as a committee of the Board, the composition and responsibilities
of which shall comply with the Designated Stock Exchange Rules and the rules and regulations of the SEC.

123. (1) The Board shall adopt a formal written audit committee
charter and review and assess the adequacy of the formal written charter on an annual basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Audit Committee shall meet at least once every financial
quarter, or more frequently as circumstances dictate.

124. 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.
Specially, the Audit Committee shall approve any transaction or transactions between the Company and any f the following parties: (i)
any shareholder owning an interest in the voting power of the Company or any subsidiary of the Company that gives such shareholder 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.

<u>OFFICERS</u>

125. (1) The officers of the Company shall consist of the Chairman
of the Board, 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.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The Directors shall elect, by a majority of the Directors then
in office amongst the Directors the Chairman of the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The officers shall receive such remuneration as the Directors
may from time to time determine.

126. (1) 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 (2)
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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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.

127. 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.

128. 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.

<u>REGISTER OF DIRECTORS AND OFFICERS</u>

129. The Company shall cause to be kept in one or more books at
its Office a Register of Directors and Officers in which there shall be entered the full names and addresses of the Directors and Officers
and such other particulars as required by the Act or as the Directors may determine. The Company shall send to the Registrar of Companies
in the Cayman Islands a copy of such register, and shall from time to time notify to the said Registrar of any change that takes place
in relation to such Directors and Officers as required by the Act.

<u>MINUTES</u>

130. (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;&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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Minutes shall be kept by the Secretary at the Office.

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<u>SEAL</u>

131. (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. 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.

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

<u>AUTHENTICATION OF DOCUMENTS</u>

132. Any Director or the Secretary or any person appointed by
the Board for the purpose may authenticate any documents affecting the constitution of the Company and any resolution passed by the Company
or the Board or any committee thereof, and any books, records, documents and accounts relating to the business of the Company, and to
certify copies thereof or extracts therefrom as true copies or extracts, and if any books, records, documents or accounts are elsewhere
than at the Office or the head office the local manager or other officer of the Company having the custody thereof shall be deemed to
be a person so appointed by the Board. A document purporting to be a copy of a resolution, or an extract from the minutes of a meeting,
of the Company or of the Board or any committee thereof which is so certified shall be conclusive evidence in favour of all persons dealing
with the Company upon the faith thereof that such resolution has been duly passed or, as the case may be, that such minutes or extract
is a true and accurate record of proceedings at a duly constituted meeting.

<u>DESTRUCTION OF DOCUMENTS</u>

133. (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;

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&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.

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

<u>DIVIDENDS AND OTHER PAYMENTS</u>

134. Subject to the Act, the Board may from time to time declare
dividends in any currency to be paid to the Members.

135. 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.

136. 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;&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;&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.

137. 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 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; 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.

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138. 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.

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

140. 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.

141. 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.

142. Whenever the Board 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.

143. (1) Whenever the Board 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;

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&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 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, capital redemption reserve other than the Subscription Rights
Reserve (as defined below)) 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

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&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, capital redemption reserve other than the Subscription Rights Reserve (as defined below))
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.

(2) (a) The shares allotted pursuant to the provisions of paragraph
(1) of this Article 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 sub-paragraph (a) or (b) of paragraph (1) of this Article 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 paragraph (1) of this Article shall rank for participation in such distribution, bonus or
rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The Board may do all acts and things considered necessary
or expedient to give effect to any capitalisation pursuant to the provisions of paragraph (1) of this Article, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The Board may by ordinary resolution resolve in respect of
any one particular dividend of the Company that notwithstanding the provisions of paragraph (1) of this Article 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.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) The Board may on any occasion determine that rights of election
and the allotment of shares under paragraph (1) of this Article 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Any resolution of the Board declaring a dividend on shares
of any class 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.

<u>RESERVES</u>

144. (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.

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

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<u>CAPITALISATION</u>

145. The Board may, at any time and from time to time, pass a
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.

146. 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.

<u>SUBSCRIPTION RIGHTS RESERVE</u>

147. The following provisions shall have effect to the extent
that they are not prohibited by and are in compliance with the Act:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) If, so long as any of the rights attached to any warrants
issued by the Company to subscribe for shares of the Company shall remain exercisable, the Company does any act or engages in any transaction
which, as a result of any adjustments to the subscription price in accordance with the provisions of the conditions of the warrants,
would reduce the subscription price to below the par value of a share, then the following provisions shall apply:

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) as from the date of such act or transaction the Company shall establish and thereafter (subject as provided
in this Article) maintain in accordance with the provisions of this Article a reserve (the "Subscription Rights Reserve")
the amount of which shall at no time be less than the sum which for the time being would be required to be capitalised and applied in
paying up in full the nominal amount of the additional shares required to be issued and allotted credited as fully paid pursuant to sub-
paragraph (c) below on the exercise in full of all the subscription rights outstanding and shall apply the Subscription Rights Reserve
in paying up such additional shares in full as and when the same are allotted;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) the Subscription Rights Reserve shall not be used for any purpose other than that specified above unless
all other reserves of the Company (other than share premium account) have been extinguished and will then only be used to make good losses
of the Company if and so far as is required by law;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) upon the exercise of all or any of the subscription rights represented by any warrant, the relevant subscription
rights shall be exercisable in respect of a nominal amount of shares equal to the amount in cash which the holder of such warrant is required
to pay on exercise of the subscription rights represented thereby (or, as the case may be the relevant portion thereof in the event of
a partial exercise of the subscription rights) and, in addition, there shall be allotted in respect of such subscription rights to the
exercising warrantholder, credited as fully paid, such additional nominal amount of shares as is equal to the difference between:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) the said amount in cash which the holder of such warrant is required to pay on exercise of the subscription
rights represented thereby (or, as the case may be, the relevant portion thereof in the event of a partial exercise of the subscription rights); and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the nominal amount of shares in respect of which such subscription rights would have been exercisable
having regard to the provisions of the conditions of the warrants, had it been possible for such subscription rights to represent the
right to subscribe for shares at less than par and immediately upon such exercise so much of the sum standing to the credit of the Subscription
Rights Reserve as is required to pay up in full such additional nominal amount of shares shall be capitalised and applied in paying up
in full such additional nominal amount of shares which shall forthwith be allotted credited as fully paid to the exercising warrantholders;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) if, upon the exercise of the subscription rights represented by any warrant, the amount standing to the
credit of the Subscription Rights Reserve is not sufficient to pay up in full such additional nominal amount of shares equal to such difference
as aforesaid to which the exercising warrantholder is entitled, the Board shall apply any profits or reserves then or thereafter becoming
available (including, to the extent permitted by law, share premium account) for such purpose until such additional nominal amount of
shares is paid up and allotted as aforesaid and until then no dividend or other distribution shall be paid or made on the fully paid shares
of the Company then in issue. Pending such payment and allotment, the exercising warrantholder shall be issued by the Company with a certificate
evidencing his right to the allotment of such additional nominal amount of shares. The rights represented by any such certificate shall
be in registered form and shall be transferable in whole or in part in units of one share in the like manner as the shares for the time
being are transferable, and the Company shall make such arrangements in relation to the maintenance of a register therefor and other matters
in relation thereto as the Board may think fit and adequate particulars thereof shall be made known to each relevant exercising warrantholder
upon the issue of such certificate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Shares allotted pursuant to the provisions of this Article
shall rank *pari passu* in all respects with the other shares allotted on the relevant exercise of the subscription rights represented
by the warrant concerned. Notwithstanding anything contained in paragraph (1) of this Article, no fraction of any share shall be allotted
on exercise of the subscription rights.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) The provision of this Article as to the establishment and
maintenance of the Subscription Rights Reserve shall not be altered or added to in any way which would vary or abrogate, or which would
have the effect of varying or abrogating the provisions for the benefit of any warrantholder or class of warrantholders under this Article
without the sanction of a special resolution of such warrantholders or class of warrantholders.

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) A certificate or report by the auditors for the time being
of the Company as to whether or not the Subscription Rights Reserve is required to be established and maintained and if so the amount
thereof so required to be established and maintained, as to the purposes for which the Subscription Rights Reserve has been used, as
to the extent to which it has been used to make good losses of the Company, as to the additional nominal amount of shares required to
be allotted to exercising warrantholders credited as fully paid, and as to any other matter concerning the Subscription Rights Reserve
shall (in the absence of manifest error) be conclusive and binding upon the Company and all warrantholders and shareholders.

<u>ACCOUNTING RECORDS</u>

148. 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.

149. 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 Members in general meeting.

150. (1) Subject to Article 151, 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, 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) Where the Company holds an annual general meeting in accordance
with Article 56, the documents referred to in Article 150(1) shall be sent to each person entitled thereto at least ten (10) days before
the date of such annual general meeting, and shall be laid before the Company at such annual general meeting.

151. 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 150 shall be deemed satisfied in relation to any person by sending to the person
in any manner not prohibited by the Statutes, a summary financial statement 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 a summary financial
statement, a complete printed copy of the Company's annual financial statement and the directors' report thereon.

152. The requirement to send to a person referred to in Article
150(2) the documents referred to in that article or a summary financial report in accordance with Article 151 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 150 and, if applicable, a summary financial report
complying with Article 151, 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.

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<u>AUDIT</u>

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) The Audit Committee or, in the absence of such an Audit Committee,
the Board may appoint an auditor to audit the accounts of the Company and such auditor shall hold office until removed from office by
the Audit Committee or, in the absence of such an Audit Committee, the Board. 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;(2) The Audit Committee or, in the absence of such an Audit Committee,
the Board may remove the Auditor at any time before the expiration of his term of office and may by resolution appoint another Auditor
in his stead.

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

155. The remuneration of the Auditor shall be determined by the
Audit Committee or, in the absence of such an Audit Committee, by the Board.

156. 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.

157. 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.

158. 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.

<u>NOTICES</u>

159. (1) Any Notice or document, whether or not, to be given or
issued under these Articles from the Company shall be in writing or by cable, telex or facsimile transmission message or other form of
electronic transmission or electronic communication and any such Notice and document may be given or issued by the following means:-

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) by serving it personally on the relevant person;

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

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&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) by delivering or leaving it at such address as aforesaid;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) by placing an advertisement in appropriate newspapers or other publication and where applicable, in accordance
with the requirements of the Designated Stock Exchange;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) by sending or transmitting it as an electronic communication to the relevant person at such electronic
address as he may provide under Article 159(5), subject to the Company complying with the Statutes and any other applicable laws, rules
and regulations from time to time in force with regard to any requirements for the obtaining of consent (or deemed consent) from such
person;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) by publishing it on the Company's website to which the relevant person may have access, subject
to the Company complying with the Statutes and any other applicable laws, rules and regulations from time to time in force with regard
to any requirements for the obtaining of consent (or deemed consent) from such person and/or for giving notification to any such person
stating that the notice, document or publication is available on the Company's computer network website (a "**notice of availability** ");
or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) by sending or otherwise making it available to such person through such other means to the extent permitted
by and in accordance with the Statutes and other applicable laws, rules and regulations.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) The notice of availability may be given by any of the means
set out above other than by posting it on a website.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4) Every person who, by operation of law, transfer, transmission,
or other means whatsoever, shall become entitled to any share, shall be bound by every notice in respect of such share, which, previously
to his name and address (including electronic address) being entered in the Register as the registered holder of such share, shall have
been duly given to the person from whom he derives title to such share.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5) Every Member or a person who is entitled to receive notice
from the Company under the provisions of the Statutes or these Articles may register with the Company an electronic address to which
notices can be served upon him.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(6) Subject to any applicable laws, rules and regulations and
the terms of these Articles, any notice, document or publication, including but not limited to the documents referred to in Articles
150, 151 and 159 may be given in the English language only or such other language as may be approved by the Directors.

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160. 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 or the website of the Designated Stock Exchange,
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 published on the Company's website, shall be deemed to have been served on the day on which the
notice, document or publication first so appears on the Company's website to which the relevant person may have access or the day
on which the notice of availability is deemed to have been served or delivered to such person under these Articles, whichever is later;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) 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;(e) if published as an advertisement in a newspaper or other publication permitted under these Articles, shall
be deemed to have been served on the day on which the advertisement first so appears.

161. (1) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) 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.

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<u>SIGNATURES</u>

162. For the purposes of these Articles, a facsimile or electronic
transmission message purporting to come from a holder of shares or, as the case may be, a Director or alternate 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. The signature to any notice or document to be given by the Company may be written, printed or made electronically.

<u>WINDING UP</u>

163. (1) The Board shall have power in the name and on behalf
of the Company to present a petition to the court for the Company to be wound up.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) A resolution that the Company be wound up by the court or
be wound up voluntarily shall be a special resolution.

164. (1) 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, as 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) 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.

<u>INDEMNITY</u>

165. (1) The Directors, Secretary and other officers and the liquidator
or trustees (if any) for the time being acting in relation to any of the affairs of the Company and every one of them, and every one
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.

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

<u>FINANCIAL YEAR END</u>

166. Unless otherwise determined by the Board, the financial year
end of the Company shall be 31 of December in each year.

<u>AMENDMENT TO MEMORANDUM AND ARTICLES OF ASSOCIATION AND NAME OF COMPANY</u>

167. 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.

<u>INFORMATION</u>

168. 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 to communicate to the public.

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