Document:

EX-10.6

 Exhibit 10.6 

 
  

Amended and Restated Voting Rights Proxy Agreement 

In relation to 

Guangzhou Onion Vogue Group Co., Ltd 
  

 
 Between

 Guangzhou Transasia Trading Co., Ltd 

And 
 Guangzhou Onion
Vogue Group Co., Ltd 
 And 

The Shareholders listed in Exhibit I 

September 26, 2020 

  
 1 

 Amended and Restated Voting Rights Proxy Agreement 

This amended and restated voting rights proxy agreement (“Agreement”) is made by the following parties on September 26, 2020
(“Execution Date”): 
  

	1.	 Shareholders listed in Exhibit I (collectively the “Shareholders” or individually a
“Shareholder”); 

  

	2.	 Guangzhou Transasia Trading Co., Ltd (formerly known as Guangzhou Heshanshan Equity Investment Co.,
Ltd., the “WFOE”) 

 Registered address:
3-05-14, No.309, Middle Huangpu Avenue, Tianhe District, Guangzhou 

Legal representative: Bai Pingsan 
  

	3.	 Guangzhou Onion Vogue Group Co., Ltd (formerly known as Guangzhou Liangkeshu Network Technology Co.,
Ltd., the “Company”) 

 Registered address: 3-05-2, No.309, Middle Huangpu Avenue, Tianhe District, Guangzhou 
 Legal representative: Bai
Pingsan 
 (Each of the above parties is hereinafter referred to individually as a “Party”, and collectively as the
“Parties”.) 
 Whereas, 
  

	1.	 The Shareholders are the currently registered shareholders of the Company and hold 100% of the equity of the
Company. 

  

	2.	 The Shareholders intend to appoint the WFOE and its designated person, including but not limited to any
director, successor or liquidator of the WFOE, but excluding persons who may have conflicts of interest (the “Proxy”) to exercise all their shareholders’ voting rights in the Company, and the WFOE intends to accept such
arrangement. 

  

	3.	 Based on the consensus between the Parties, the Parties signed a voting rights proxy agreement on
September 19, 2018 (“Original Agreement”). 

 Now, therefore, the Parties agree as follows based on the
Original Agreement to replace the provisions of the Original Agreement: 
  

	1.	 Grant of Proxy Powers 

 

	1.1	 The Shareholders hereby irrevocably undertake that they will sign respectively the Power of Attorney in the
substance and format set forth in Exhibit II attached hereto after execution of this Agreement, to authorize and only authorize the Proxy to exercise, on behalf of the Shareholders, all the rights of Shareholders as the shareholders of the Company
(“Powers”) according to the current articles of association of the Company, including but not limited to: 

  

	 	(a)	 As the agent of the Shareholders, convening and attending the shareholders’ meeting of the Company under
laws and the articles of association of the Company; 

  
 2 

	 	(b)	 exercising all shareholder’s rights and voting powers on any matters to be deliberated on and resolved by
the shareholder’s meeting on behalf of the Shareholders, including but not limited to appointing and electing the legal representative, directors and shareholder-representative supervisors of the Company, the sale, transfer, pledge and disposal
of the Shareholders’ all or part of equity in the Company, amending the articles of association of the Company, and dissolving or liquidating the Company; 

 

	 	(c)	 exercising other shareholder’s rights or voting powers under laws or the articles of association of the
Company (including any other shareholder’s rights or voting powers specified in the changed laws or the amended articles of association of the Company); 

  

	 	(d)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Shareholders, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the
Shareholders, 

 provided that the WFOE agrees to the above Powers and entrustment and the Proxy shall not exercise the
above Powers in its sole discretion without the express written authorization of the WFOE. When and only if the WFOE issues to the Shareholders a written notice of removing or replacing the Proxy, the Shareholders shall immediately entrust other
proxy designated then by the WFOE to exercise the above Powers. The new authorization shall supersede the original one immediately after it is made. To the extent permitted by the applicable laws, the Shareholders shall not revoke any authorization
to or Powers of the WFOE and the Proxy. 
  

	1.2	 The Proxy shall perform his/her duties diligently and carefully to the extent of the Powers hereunder according
to the indication of intent of the WFOE. The Shareholders shall acknowledge and assume corresponding liabilities for any legal consequences of exercising the above Powers by the Proxy according to this Agreement. 

 

	1.3	 The Shareholders hereby acknowledge that the Proxy exercises the above Powers according to the instruction and
indication of intent of the WFOE, and is not required to seek for opinions of the Shareholders when exercising the above Powers. However, when any resolutions or any proposals of convening any interim shareholders’ meeting are made, the Proxy
shall notify the Shareholders in a timely manner. 

  

	2.	 Right of Information 

 

	2.1	 The WFOE has the right to designate the Proxy to acquire relevant information of the operation, business,
client, finance, employee, etc. of the Company, and consult relevant documents of the Company, to exercise the Powers. The Company shall provide full cooperation. 

 

	3.	 Exercise of the Powers 

 

	3.1	 The Shareholders shall provide full assistance for the WFOE and the Proxy to exercise the Powers, including
prompt signing of the resolutions of the shareholders’ meeting made by the Proxy or other related legal documents when necessary (for example, to meet the requirements of the government authority on submitting documents for approval,
registration, and filing). 

  
 3 

	3.2	 If it is unable to grant or exercise the Powers due to any reason (except the breach of the Shareholders or the
Company) at any time during the term of this Agreement, the Parties shall immediately seek an alternative closed to the unachievable provisions, and enter into a supplemental agreement when necessary to amend or adjust the provisions, to ensure the
purpose of this Agreement can be achieved. 

  

	4.	 Exemption of Liability and Indemnification 

 

	4.1	 The Parties acknowledge that in no event will the WFOE be liable in any way to other Parties or any third party
or make any economic or other compensation with respect to the exercise by the person designated by it of the Powers according to its instruction and indication of intent. 

 

	4.2	 The Shareholders and the Company agree to indemnify the WFOE and hold the WFOE harmless from any losses the
WFOE suffers or may suffer from the exercise by the Proxy of the Powers, including but not limited to any losses arising from any litigation, demand, arbitration, or claim by any third party, or any administrative investigation or penalty by any
government authority, except for any loss caused by the breach of the WFOE’s instruction, the intentional misconduct or gross negligence of the Proxy. 

  

	5.	 Representations, Warranties and Covenants 

 

	 	(1)	 The Shareholders severally represent and warrant that 

 

	 	5.1.1	 They are natural persons of full capacity for civil acts according to the PRC Laws or entities duly registered
or validly existing according to the PRC Law, who have full and separate legal status and capacity, have been duly authorized to execute, deliver and perform this Agreement, and can sue and be sued. 

 

	 	5.1.2	 They have full power and authority to execute and deliver this Agreement and all other documents relating to
the transaction contemplated hereunder and to be executed, and have full power and authority to complete the transaction contemplated hereunder. This Agreement is executed and delivered by them legally and properly, constitutes legal, valid and
binding obligations of them, and is enforceable against them according to its terms. 

  

	 	5.1.3	 The Shareholders are the registered legal owner of the Company when this Agreement becomes effective, and there
is not any third party’s rights over the Powers, except for the rights created under this Agreement, the Equity Pledge Agreement and the Exclusive Option Agreement entered into between the Shareholders, the Company and the WFOE. According to
this Agreement, the Proxy can fully and completely exercise the Powers according to the current articles of association of the Company. 

  

	 	5.1.4	 The execution, delivery and performance of this Agreement will not: 

 

	 	(1)	 conflict with or breach the following documents, or breach the following documents upon receipt of relevant
notices or lapse of time: 

  

	 	(a)	 the business license, articles of association and permission of the Company, the approval of any government
department for the establishment of the Company, any agreement or other constitutional document relating to the establishment of the Company; 

  
 4 

	 	(b)	 any law of the PRC or other binding laws; 

 

	 	(c)	 any contract or other document to which they are a party or by which they are bound or their assets are bound;

  

	 	(2)	 except for the encumbrances specified herein or created for performance hereof, cause the creation of any
mortgage or other encumbrances over their assets, or entitle any third party to create any mortgage or other encumbrances over their assets; 

  

	 	(3)	 cause any termination of or amendment to the provisions of any contract or other document to which they are a
party or by which they are bound or their assets are bound, or entitle any third party to terminate or amend such provisions, thereby adversely affecting the Company’s operations; and 

 

	 	(4)	 cause any suspension, revocation, damage, confiscation, or non-renewal
of the approval, license, registration, etc. of any government departments applicable to them after expiration thereof, thereby adversely affecting the Company’s operations. 

 

	 	5.1.5	 The Shareholders who are natural persons shall have made proper arrangement and signed necessary documents to
ensure that when they die, become incapacitated, go into bankruptcy, dissolve their marriage or have other circumstance that may affect the exercise of their equity, their heirs, custodians, creditors, spouses, or other persons that may obtain their
equity or relevant rights will not affect or prevent the performance of this Agreement; the Shareholders who are not natural persons shall have made proper arrangement and signed necessary documents to ensure that when they are succeeded by other
entities or other circumstances occur which may affect the exercise of their equity, their successors and other persons that may obtain their equity or relevant rights will not affect or prevent the performance of this Agreement.

  

	 	5.1.6	 There is not any pending, or to their knowledge, threatening litigation, arbitration or other judicial or
administrative procedure which may affect their capability to perform this Agreement. 

  

	 	(2)	 Each of the WFOE and the Company hereby severally represents and warrants that 

 

	 	(a)	 It is a limited liability company duly incorporated and validly existing under its place of incorporation who
has separate legal personality, has full and separate legal status and capacity to execute, deliver and perform this Agreement, and can sue and be sued. 

  

	 	(b)	 It has full internal corporate power and authority to execute, deliver and perform this Agreement and all other
documents relating to the transaction contemplated hereunder and to be executed, and has full power and authority to complete the transaction contemplated hereunder. 

 

	 	(3)	 The Company further represents and warrants that 

 

	 	(a)	 The Shareholders are the registered legal owner of the Company when this Agreement becomes effective, and there
is not any third party’s rights over the Powers, except for the rights created under this Agreement, the Equity Pledge Agreement and the Exclusive Option Agreement entered into between the Shareholders, the Company and the WFOE. According to
this Agreement, the Proxy can fully and completely exercise the Powers according to the current articles of association of the Company. 

  
 5 

	6	 Effectiveness and Termination of Agreement 

 

	6.1	 This Agreement becomes effective when the Parties properly sign it. 

 

	6.2	 This Agreement shall terminate only if: 

 

	6.2.1	 All equity held by the Shareholders in the Company or all assets of the Company have been transferred to the
WFOE and/or any entity or individual designated by the WFOE according to law; or 

  

	6.2.2	 The WFOE requests termination of this Agreement unilaterally (the WFOE’s right to terminate this Agreement
is not subject to any condition, and is owned by the WFOE only. Other Parties have no right to terminate this Agreement unilaterally). 

  

	6.3	 If any Shareholders transfers its whole equity in the Company upon prior consent of the WFOE, the transferring
Shareholder shall procure the transferee to sign an agreement in the substantial content and form of this Agreement (including the exhibits attached hereto) and power of attorney before the closing of the equity transfer. The transferring
Shareholder will no longer be a Party hereto, and the other Parties’ rights and covenants hereunder will not be thus affected. 

  

	7	 Notice 

  

	7.1	 Any notice, request, demand or other communication required by or made under this Agreement shall be in writing
and sent to relevant Parties. 

  

	7.2	 Where the above notice or other communication is sent by fax or telex, it will be deemed delivered when it is
sent. Where the above notice or other communication is sent by personal delivery, it will be deemed delivered when it is submitted in person. Where the above notice or other communication is sent by mail, it will be deemed delivered five
(5) days after it is posted. 

  

	8	 Confidentiality Obligations 

 

	8.1	 Each Party shall keep strict confidential the business secrets, proprietary information, client information and
other confidential information of the other Party obtained during the execution and performance of this Agreement (“Confidential Information”) regardless of whether this Agreement has terminated. The receiving Party shall not
disclose any Confidential Information to any third party, except upon prior written consent of the disclosing Party or as required by applicable laws and regulations or the rules of the jurisdiction where the affiliate of a Party is listed. The
receiving Party shall not use directly or indirectly any Confidential Information except for purpose of performing this Agreement. 

  

	8.2	 The following information is not Confidential Information: 

 

	 	(1)	 The information obtained by the receiving Party by legal means before the disclosure, which is evidenced by
written proof; 

  
 6 

	 	(2)	 The information that has entered public domain not through the fault of the receiving Party; or

  

	 	(3)	 The information obtained by the receiving Party legally through other channel after receiving the information
from the disclosing Party. 

  

	8.3	 The receiving Party may disclose the Confidential Information to its relevant employees, agents or any engaged
professionals, provided that it shall ensure such persons to comply with relevant terms and conditions of this Agreement and shall assume any liability arising from the breach by such persons of relevant terms and conditions of this Agreement.

  

	8.4	 Notwithstanding any other provisions hereof, this Article 8 shall survive the termination of this Agreement.

  

	9	 Liabilities for Breach of Contract 

 

	9.1	 The Parties agree and acknowledge that if either Party (“Breaching Party”) materially breaches
any provision hereunder, or fails or delays to perform any material obligation hereunder, it will constitute a breach of this Agreement (“Breach”), and the each of other Parties
(“Non-breaching Parties”) has the right to request the Breaching Party to correct or take remedial measures within a reasonable period. If the Breaching Party fails to do so within a
reasonable period or ten (10) days after the Non-breaching Parties give a written notice requesting correction, then: 

 

	 	9.1.1	 If any Shareholder or the Company breaches, the WFOE has the right to terminate this Agreement and request the
Breaching Parties (/Party) to compensate any damages; 

  

	 	9.1.2	 If the WFOE breaches, the Non-breaching Parties have the right to
request the Breaching Party to compensate damages, provided, however, that the Shareholders and the Company have no right to terminate or rescind this Agreement unilaterally, unless the laws provide otherwise. 

 

	9.2	 Notwithstanding any other provisions hereof, this Article 9 shall survive the termination of this Agreement.

  

	9.3	 According to the terms and conditions of the Equity Pledge Agreement made between the Shareholders and the WFOE
on the date of this Agreement, the Shareholders will create a pledge over their equity in the Company in favor of the WFOE, to secure the performance by the Company and the Shareholders of the obligations hereunder. 

 

	10	 Force Majeure 

 

	10.1	 If either Party fails to perform this Agreement or is unable to perform this Agreement according to its terms
due to earthquakes, typhoons, floods, fires, wars, changes in policies or laws and other unforeseen or unpredictable or unavoidable force majeure events, the affected Party shall immediately send a notice by fax, and provide within thirty
(30) days the details of the force majeure event and the supporting documents of the reasons why this agreement cannot be performed or the performance needs to be delayed. Such supporting documents must be issued by a notary institution in the
area where the force majeure event occurs. The Party affected by the force majeure event shall take appropriate measures to reduce or eliminate the impact of the force majeure event, and shall strive to resume the performance of obligations that
have been delayed or hindered due to the force majeure event. Based on the extent of the force majeure event’s impact on the performance of this Agreement, the Parties will agree on whether this Agreement should be partially exempted from
performance or postponed. Neither Party shall be liable for compensation for the economic losses caused to any Party by the force majeure event. 

  
 7 

	11	 Miscellaneous 

 

	10.1	 This Agreement is written in Chinese. This Agreement is made in thirteen (13) counterparts, with each
Party holding one (1) counterpart, and the remaining counterparts maintained by the WFOE. 

  

	10.2	 The conclusion, validity, performance, amendment, interpretation and termination of this Agreement shall be
governed by the PRC Laws. 

  

	10.3	 Any dispute arising from or relating to this Agreement shall be resolved first through the friendly negotiation
between the Parties. If the Parties fail to reach an agreement on the dispute within thirty (30) days after occurrence of the dispute, either Party may submit the dispute to Guangzhou Arbitration Commission for arbitration according to the
arbitration rules of the Commission effective at the time of submission. The arbitration will be carried out in Guangzhou in Chinese. If the Company and/or the Shareholders are required to assume relevant liabilities, the Commission has the right to
decide that the Shareholders’ equity in the Company or their assets shall be used to compensate the WFOE, to grant injunctions to the WFOE (such as for the need of business or compulsory transfer of assets), or to order the liquidation of the
Company. To support the enforcement of the arbitration award, before submitting the dispute for arbitration, when waiting for the constitution of the arbitration tribunal, before the arbitration award is made, or in other circumstances, the Parties
have the right to apply for interim remedies to the people’s court, Hong Kong court or Cayman Islands court at the WFOE’s place of incorporation, the Company’s place of incorporation and the place where the Company’s assets are
located directly or through the Commission, and the above courts have the corresponding jurisdiction. 

  

	10.4	 Any rights, powers and remedies granted to either Party under any provision of this Agreement shall not
preclude any other rights, powers or remedies granted to the Party under laws or other provisions hereof. No exercise by either Party of its rights, powers or remedies will preclude the exercise by the Party of other rights, powers or remedies.

  

	10.5	 No failure or delay to exercise by either Party of its rights, powers or remedies under this Agreement or laws
(“Party’s Rights”) will constitute waiver of such rights, and no single or partial waiver of the Party’s Rights will preclude exercise by the Party of such rights in other way or of other rights. 

 

	10.6	 The headings hereof are inserted for reference only, and shall not be used for or affect the interpretation of
any provisions hereof. 

  

	10.7	 The provisions hereof are severable and independent from other provisions. If any or several provisions hereof
are decided invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other provisions hereof shall not be affected. 

  

	10.8	 Any modification or supplement to this Agreement must be made in writing. The WFOE has the right to
independently decide to modify or supplement any provisions of this Agreement in accordance with the requirements of the relevant regulatory authorities or other considerations. Upon the WFOE issues a written notice on the amendment or supplement to
this Agreement, the other Parties shall sign the amended and supplemented agreement in accordance with the requirements of the WFOE. 

  
 8 

	10.9	 Without prior written consent of the WFOE, the other Parties shall not transfer its right and/or obligation
hereunder to any third party. When and only if the WFOE is not permitted to act as a Party to this Agreement under the PRC Laws, the WFOE has the right to transfer its rights and/or obligations hereunder to any third party designated by it after
notifying other Parties. Any such transfer shall include all rights and/or obligations of the WFOE hereunder, and the transferee shall be deemed an original Party to this Agreement. Other Parties shall, when requested by the WFOE, sign all necessary
agreements and other documents required for completion of such transfer. 

  

	10.10	 This Agreement shall bind and inure to the benefit of the legal assigns or heirs/successors of the Parties.

  

	10.11	 The Parties undertake to declare and pay the taxes involved in the transaction contemplated hereunder.

 [The remainder of this page is intentionally left blank. Signature page follows.] 

  
 9 

 IN WITNESS WHEREOF, this Amended and Restated Voting Rights Proxy Agreement is signed by the following
Parties on the date first written above. 
  

			
	Purple Gas Was Shown Limited Partnership (seal)

			
		
	By:	 	/s/ Li Cong

			
	Name: Li Cong

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Hangzhou Xianfeng Qiyun Investment Limited Partnership (seal)

			
		
	By:	 	/s/ Wang Shiyu

			
	Name: Wang Shiyu

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Xiamen SAIF Equity Investment Partnership (Limited Partnership) (seal)

			
		
	By:	 	/s/ Wang Shiyu

			
	Name: Wang Shiyu

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Shenzhen Futian SAIF Dynamiques Equity Investment Fund Partnership (Limited Partnership) (seal)

			
		
	By:	 	/s/ Jin Fengchun

			
	Name: Jin Fengchun

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Guangzhou Yilian Equity Investment Partnership (Limited Partnership) (seal)

			
		
	By:	 	/s/ Wang Shumin

			
	Name: Wang Shumin

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Beijing Liangjun Ruize Management Center (seal)

			
		
	By:	 	/s/ Liang Jun

			
	Name: Liang Jun

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Beijing Liangjun Hongze Management Center (seal)

			
		
	By:	 	/s/ Liang Jun

			
	Name: Liang Jun

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Beijing Liangjun Junze Management Center (seal)

			
		
	By:	 	/s/ Liang Jun

			
	Name: Liang Jun

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Beijing Liangjun Huize Management Center (seal)

			
		
	By:	 	/s/ Liang Jun

			
	Name: Liang Jun

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Goldjet Logistics Group Co., Ltd (seal)

			
		
	By:	 	/s/ Gao Jie

			
	Name: Gao Jie

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	Guangzhou Transasia Trading Co., Ltd (seal)

			
		
	By:	 	/s/ Bai Pingsan

			
	 Name: Bai Pingsan

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

			
	 Guangzhou Onion Vogue Group Co., Ltd (seal)

		
	By:	 	/s/ Bai Pingsan

			
	 Name: Bai Pingsan

 [Signature page of the Amended and Restated Voting Rights Proxy Agreement] 

 Exhibit 1: 

Basic Information of the Company 
  

			
	Company name	  	Guangzhou Onion Vogue Group Co., Ltd
	Registered address	  	3-05-2, No.309, Middle Huangpu Avenue, Tianhe District, Guangzhou
	Registered capital	  	RMB 193,500,000
	Legal representative	  	Bai Pingsan

 Shareholding structure: 
  

													
	 Shareholder name
	  	Capital
contribution
(RMB ten
thousand)	 	 	Shareholding
structure	 	 	Uniform social
credit code	 
	 Purple Gas Was Shown Limited Partnership
	  	 	12298.0086	 	 	 	63.5556	% 	 	 	[***]	 
	 Hangzhou Xianfeng Qiyun Investment Limited Partnership
	  	 	2097.9657	 	 	 	10.8422	% 	 	 	[***]	 
	 Guangzhou Yilian Equity Investment Partnership (Limited Partnership)
	  	 	1258.7756	 	 	 	6.5053	% 	 	 	[***]	 
	 Xiamen SAIF Equity Investment Partnership (Limited Partnership)
	  	 	858.2693	 	 	 	4.4355	% 	 	 	[***]	 
	 Shenzhen Futian SAIF Dynamiques Equity Investment Fund Partnership (Limited Partnership)
	  	 	858.2693	 	 	 	4.4355	% 	 	 	[***]	 
	 Beijing Liangjun Ruize Management Center
	  	 	370.2816	 	 	 	1.9136	% 	 	 	[***]	 
	 Beijing Liangjun Huize Management Center
	  	 	374.0935	 	 	 	1.9333	% 	 	 	[***]	 
	 Beijing Liangjun Hongze Management Center
	  	 	193.0936	 	 	 	0.9979	% 	 	 	[***]	 
	 Beijing Liangjun Junze Management Center
	  	 	733.7907	 	 	 	3.7922	% 	 	 	[***]	 
	 Goldjet Logistics Group Co., Ltd
	  	 	307.4521	 	 	 	1.5889	% 	 	 	[***]	 
	 Total
	  	 	19,350	 	 	 	100	% 	 	 	—  	 

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Purple Gas Was Shown Limited Partnership (the “Principal”, with its domicile at Room 207-1, No. 66, Longfeng Avenue, Sicundian Town, Wuqing
District, Tianjin (centralized office area) and its uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and its successor or the liquidator in
place of the WFOE, if any) or its designated person (including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 

Upon the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name,
the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 
  

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(3)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(4)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Purple Gas Was Shown Limited Partnership
(seal) 
  

	
	Signature: By: /s/ Li Cong        
	Name: Li Cong
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Hangzhou Xianfeng Qiyun Investment Limited Partnership (the “Principal”, with its domicile at Room 402-11, Area 1, Sealand World Trade Center, 28
Yingchun South Road, Tonglu County, Zhejiang Province and its uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and its successor or the
liquidator in place of the WFOE, if any) or its designated person (including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 

Upon the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name,
the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 
  

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(3)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(4)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Hangzhou Xianfeng Qiyun Investment Limited
Partnership (seal) 
  

	
	Signature: /s/ Wang Shiyu        
	Name: Wang Shiyu
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Shenzhen Futian SAIF Dynamiques Equity Investment Fund Partnership (Limited Partnership) (the “Principal”, with its domicile at Room 2015, Jinzhonghuan International Business Building,
3037 Jintian Road, Fuan Community, Futian Street, Futian District, Shenzhen and its uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and
its successor or the liquidator in place of the WFOE, if any) or its designated person (including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 

Upon the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name,
the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 
  

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(3)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(4)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Shenzhen Futian SAIF Dynamiques Equity
Investment Fund Partnership (Limited Partnership) (seal) 
  

	
	Signature: /s/ Jin Fengchun            
	Name: Jin Fengchun
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Xiamen SAIF Equity Investment Partnership (Limited Partnership) (the “Principal”, with its domicile at Room 1520, 15th Floor, Financial Center Building, Siming District, Xiamen and its
uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and its successor or the liquidator in place of the WFOE, if any) or its designated person
(including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 
 Upon
the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name, the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd
(“Company”): 
  

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(3)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(4)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Xiamen SAIF Equity Investment Partnership
(Limited Partnership) (seal) 
  

	
	Signature: /s/ Yan Yan            
	Name: Yan Yan
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Guangzhou Yilian Equity Investment Partnership (Limited Partnership) (the “Principal”, with its domicile at Room 2805, Building B-1, North Area,
Wanda Commercial Plaza, Wanbo Business Zone, No. 79, Wanbo 2nd Road, Nancun Town, Panyu District, Guangzhou and its uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co.,
Ltd (“WFOE”, and its successor or the liquidator in place of the WFOE, if any) or its designated person (including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest)
(“Proxy”). 
 Upon the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its
agent and exercise, in its name, the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 
  

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(3)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(4)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Guangzhou Yilian Equity Investment
Partnership (Limited Partnership) (seal) 
  

	
	Signature: /s/ Wang Shumin            
	Name: Wang Shumin
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Beijing Liangjun Ruize Management Center (the “Principal”, with its domicile at Room 368, 2nd Floor, Building 1, No. 56, Zhaoquanying Section, Changjin Road, Zhaoquanying Town,
Shunyi District, Beijing and its uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and its successor or the liquidator in place of the WFOE,
if any) or its designated person (including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 

Upon the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name,
the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 
  

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(1)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(2)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Beijing Liangjun Ruize Management Center
(seal) 
  

	
	Signature: /s/ Liang Jun            
	Name: Liang Jun
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Beijing Liangjun Hongze Management Center (the “Principal”, with its domicile at Room 369, 2nd Floor, Building 1, No. 56, Zhaoquanying Section, Changjin Road, Zhaoquanying Town,
Shunyi District, Beijing and its uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and its successor or the liquidator in place of the WFOE,
if any) or its designated person (including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 

Upon the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name,
the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 
  

	 	(3)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(4)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(5)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(6)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Beijing Liangjun Hongze Management Center
(seal) 
  

	
	Signature: /s/ Liang Jun            
	Name: Liang Jun
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Beijing Liangjun Junze Management Center (the “Principal”, with its domicile at Room 370, 2nd Floor, Building 1, No. 56, Zhaoquanying Section, Changjin Road, Zhaoquanying Town,
Shunyi District, Beijing and its uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and its successor or the liquidator in place of the WFOE,
if any) or its designated person (including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 

Upon the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name,
the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 
  

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(3)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(4)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Beijing Liangjun Junze Management Center
(seal) 
  

	
	Signature: /s/ Liang Jun            
	Name: Liang Jun
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Beijing Liangjun Huize Management Center (the “Principal”, with its domicile at Room 371, 2nd Floor, Building 1, No. 56, Zhaoquanying Section, Changjin Road, Zhaoquanying Town,
Shunyi District, Beijing and its uniform social credit code [***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and its successor or the liquidator in place of the WFOE,
if any) or its designated person (including but not limited to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 

Upon the confirmation of the WFOE, the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name,
the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 
  

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(3)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(4)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Beijing Liangjun Huize Management Center
(seal) 
  

	
	Signature: /s/ Liang Jun            
	Name: Liang Jun
	
	September 26, 2020

 Exhibit II: 

Power of Attorney 
 This power of
attorney (“POA”) is signed by Goldjet Logistics Group Co., Ltd (the “Principal”, with its domicile at Room 308, No. 158 Guangyuan Middle Road, Baiyun District, Guangzhou and its uniform social credit code
[***]) on September 26, 2020 and issued to Guangzhou Transasia Trading Co., Ltd (“WFOE”, and its successor or the liquidator in place of the WFOE, if any) or its designated person (including but not limited
to the directors of the WFOE, but excluding any person that may have conflict of interest) (“Proxy”). 
 Upon the confirmation of the WFOE,
the Principal hereby grant to the Proxy a general and exclusive authority to act as its agent and exercise, in its name, the following powers, as a shareholder of Guangzhou Onion Vogue Group Co., Ltd (“Company”): 

 

	 	(1)	 As the Agent of the Principal, proposing to convene and attend the Company’s shareholders meeting in
accordance with the law and the Company’s articles of association; 

  

	 	(2)	 On behalf of the Principal, exercising all shareholder’s rights and shareholder’s voting rights on
all matters that need to be discussed and resolved by the shareholders’ meeting, including but not limited to the appointment and election of the Company’s legal representatives, directors and shareholder-representative supervisors, sales,
transfers, pledges, and disposals of all or part of the Principal’s equity in the Company, amendment of the Company’s articles of association; 

  

	 	(3)	 Exercising any other shareholder’s rights and shareholder’s voting rights in accordance with the law
and the Company’s articles of association (including any other shareholder’s rights and shareholder’s voting rights stipulated in the amended applicable laws and the articles of association of the Company); 

 

	 	(4)	 signing the notice of the shareholders’ meeting and the meeting minutes and resolutions on behalf of the
Principal, and submitting the documents required for approval, registration and filing related to the Company’s operation to relevant government departments (including the company registration management department) on behalf of the Principal.

 This POA becomes effective when it is signed. The Principal hereby irrevocably acknowledges that without the express written
authorization of the WFOE, the Proxy shall not exercise the above rights in its sole discretion, and unless the WFOE issues an order to replace the Proxy to the Principal, this POA shall remain effective until the Proxy Agreement made between the
WFOE, the Company and the shareholders of the Company on September 26, 2020 expires or early terminates. 
 Goldjet Logistics Group Co., Ltd (seal)

  

	
	Signature: /s/ Gao Jie                
	Name: Gao Jie
	
	September 26, 2020EX-10.7

 Exhibit 10.7 

 
  

Amended and Restated Equity Interest Pledge Agreement 

In relation to 

Guangzhou Onion Vogue Group Co., Ltd 
  

 
 Between

 Guangzhou Transasia Trading Co., Ltd 

And 
 Guangzhou Onion
Vogue Group Co., Ltd 
 And 

The Shareholders listed in Exhibit I 

September 26, 2020 

  
 1 

 Amended and Restated Equity Interest Pledge Agreement 

This amended and restated equity interest pledge agreement (“Agreement”) is made by the following parties on September 26, 2020
(“Execution Date”): 
  

	1.	 Shareholders listed in Exhibit I (collectively the “Pledgors” or individually a
“Pledgor”); 

  

	2.	 Guangzhou Transasia Trading Co., Ltd (formerly known as Guangzhou Heshanshan Equity Investment Co.,
Ltd., the “Pledgee”) 

  

	  	 Registered address: 3-05-14,
No.309, Middle Huangpu Avenue, Tianhe District, Guangzhou 

  

	  	 Legal representative: Bai Pingsan 

 

	3.	 Guangzhou Onion Vogue Group Co., Ltd (formerly known as Guangzhou Liangkeshu Network Technology Co.,
Ltd., the “Company”) 

  

	  	 Registered address: 3-05-2,
No.309, Middle Huangpu Avenue, Tianhe District, Guangzhou 

  

	  	 Legal representative: Bai Pingsan 

(Each of the above parties is hereinafter referred to individually as a “Party”, and collectively as the “Parties”.) 

Whereas, 
  

	1.	 The Pledgors are the registered shareholders of the Company, and hold the entire equity in the Company
(“Equity”) according to law. As of the Execution Date, the Pledgors’ capital contribution and shareholding ratio in the registered capital of the Company are set forth in Exhibit 1. 

 

	2.	 According to the Exclusive Call Option Agreement made between the Parties on September 19, 2018
(“Option Agreement”), at the request of the Pledgor, the Pledgors and the Company shall, to the extent permitted by the laws of China, transfer all or part of their equity in the Company or all or part of the assets of the Company
(including its affiliates) to the Pledgee and/or any entity or individual designated by the Pledgee. 

  

	3.	 According to the Voting Rights Proxy Agreement (“Proxy Agreement”) made between the Parties on
September 19, 2018, the Pledgors irrevocably and exclusively authorized the person to be designated by the Pledgee to exercise their voting powers at the Company on their behalf. 

 

	4.	 According to the Exclusive Business Cooperation Agreement (“Business Cooperation Agreement”)
made between the Company and the Pledgee on September 19, 2018, the Company has exclusively engaged the Pledgee to provide technical support, consulting and other services, and agreed to pay corresponding service fees to the Pledgee for such
services. 

  

	5.	 As the security for performance of the Contractual Obligations (as defined below) and repayment of the Secured
Debts (as defined below) by the Pledgors, the Pledgors are willing to create a pledge over their Equity in favor of the Pledgee and grant the Pledgee the first-rank pledge right, and the Company agrees to such equity pledge arrangement, and they
signed an equity interest pledge agreement (“Original Agreement”) on September 19, 2018. 

  
 2 

 Now, therefore, the Parties agree as follows based on the Original Agreement to replace the
provisions of the Original Agreement: 
  

	1.	 Definitions 

 

	1.1	 The following terms used in this Agreement have the meanings below, unless the context requires otherwise:

  

			
	 “Contractual Obligations”
	  	Means all the contractual obligations of the Pledgors under the Option Agreement and the Proxy Agreement; all the contractual obligations of the Company under the Option Agreement, the Proxy Agreement, and the Business Cooperation
Agreement; all the contractual obligations of the Pledgors and the Company under this Agreement.
		
	 “Affiliates”
	  	Means the companies or enterprises that the Company is able to control directly or indirectly, and as of the Execution Date and for the purpose of this Agreement, refers to the following subsidiaries wholly owned or held by the
Company: Guangzhou Onion Fans Technology Co., Ltd, Guangzhou Young Internet Co., Ltd, Zhuhai Young Supply Chain Technology Co., Ltd, Guangzhou Ocean Unbounded Technology Co., Ltd, Guangzhou Peacheese Information Technology Co., Ltd, Guangzhou EQuick
Technology Co., Ltd, and Doubletree (Tibet) Trading Co., Ltd.
		
	 “Secured Debts”
	  	Means all direct, indirect or consequential losses, the loss of expected income and other losses suffered by the Pledgee from any Breaching Event (as defined below) of the Pledgors and/or the Company or from any invalidity,
rescission or termination of any Transaction Agreements, as well as all expenses incurred by the Pledgee for enforcing the Pledgors and/or the Company to perform their Contractual Obligations.
		
	 “Transaction Agreements”
	  	Means the Option Agreement, the Proxy Agreement, and the Business Cooperation Agreement.
		
	 “Breaching Event”
	  	Means that any Pledgor breaches any of its Contractual Obligations under the Option Agreement, the Proxy Agreement, and/or this Agreement, or any of its representations, warranties or covenants hereunder or thereunder is materially
misleading or inaccurate, or that the Company breaches any of its Contractual Obligations under the Option Agreement, the Proxy Agreement, the Business Cooperation Agreement, and/or this Agreement, or any of its representations, warranties or
covenants hereunder or thereunder is materially misleading or inaccurate, which will materially damage the Pledgee’s right hereunder or thereunder.

  
 3 

			
	 “Pledged Equity”
	  	Means the entire Equity held by the Pledgors when this Agreement becomes effective and to be pledged in favor of the Pledgee according to this Agreement as the security for the performance by the Pledgors and the Company of the
Contractual Obligations (please see Exhibit I for details), as well as the capital contribution increased according to Article 2.4 hereof.
		
	 “PRC Laws”
	  	Means the currently valid laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding normative documents of the People’s Republic of China (for purpose hereof,
excluding Hong Kong, Macau and Taiwan).
		
	 “Material Adverse Effect”
	  	Means any circumstance, change or event that causes material adverse effect on the legal and valid existing, legal and continuous operation, assets or liabilities (including contingent liabilities), operating performance or
financial conditions.

  

	1.2	 Any reference to any PRC Laws shall be reference to: (1) those laws as amended, modified, supplemented and
restated, whether they become effective before or after the conclusion of this Agreement; and (2) other decisions, notices and regulations prepared or effective under the PRC Laws. 

 

	1.3	 Unless the context requires otherwise, any reference to any articles, paragraphs, subparagraphs or items herein
are reference to the articles, paragraphs, subparagraphs or items of this Agreement. 

  

	2.	 Pledge of Equity 

 

	2.1	 The Pledgors hereby exclusively, irrevocably and unconditionally agree to create a pledge in favor of the
Pledgee over the Pledged Equity according to the provisions of this Agreement, as the security for repayment of the Secured Debts by the Pledgors. The Company hereby agrees to the Pledgors’ creation of the above pledge according to the
provisions of this Agreement. 

  

	2.2	 The Pledgors undertake to procure the equity interest pledge arrangement hereunder (“Equity
Pledge”) to be recorded on the register of shareholders of the Company on the Execution Date, promptly complete the registration of the Equity Pledge with the market regulation administration having jurisdiction over the Company within 30
working days after the Execution Date, and provide the Pledgee with the certificate evidencing that they have completed the registration of the Equity Pledge with the market regulation administration within 60 working days after the Execution Date.
The Company undertakes to use its best efforts to cooperate with the Pledgors to complete the above registration. The Equity Pledge will be created when it is registered with the market regulation administration having jurisdiction over the Company.
The Pledgors shall provide the Pledgee with the certificates evidencing that the Equity Pledge is entered into the Company’s register of shareholders and registered with the market regulation administration in the form satisfactory to the
Pledgee. 

  
 4 

	2.3	 The Pledgee has the first-rank security interest over the Pledged Equity. When any Breaching Evet occurs, the
Pledgee has the right to dispose of the Pledged Equity according to the provisions of Article 3 hereof. 

  

	2.4	 Any additional capital contribution of the Pledgors made to the registered capital of the Company due to
capital increase of the Company during the term hereof shall be part of the Pledged Equity. If the Pledged Equity changes due to any capital increase, the Pledgors undertake to enter the Equity Pledge arrangement after such change in the
Company’s register of shareholders on the date of such change, and go through relevant change of registration with the market regulation administration having jurisdiction over the Company within 30 working days after the equity change.

  

	3.	 Disposal of the Pledged Equity 

 

	3.1	 The Parties hereby agree that if any Breaching Event occurs the Pledgee has the right to exercise all remedial
rights and powers it enjoys under the PRC Laws, the Transaction Agreements and this Agreement after giving a written notice to the Pledgors, including but not limited to auctioning or selling the Pledged Equity and receiving payment from the
proceeds in the first place. The Pledgee shall not be liable for any loss caused by its reasonable exercise of such rights and powers. 

  

	3.2	 The Pledgee has the right to appoint in writing its lawyer or other agent to exercise any or all of the above
rights and powers, to which the Pledgors or the Company shall not raise any objection. Moreover, when the Pledgee disposes of the pledge rights hereunder, the Pledgors and the Company shall execute all necessary documents and take all necessary
actions to enable the Pledgee to exercise the pledge rights according to the provisions hereof and shall not impede such exercise. 

  

	3.3	 The Pledgee has the right to deduct any reasonable cost incurred in its exercise of any or all of the above
rights and powers from any amount it obtains from such exercise. 

  

	3.4	 The amount obtained by the Pledgee from exercise of the above rights and powers shall be distributed:

  

	  	 First, for payment of disposal of the Pledged Equity and the costs incurred by the Pledgee for exercise of its
rights and powers (including paying the remuneration of its lawyer and agent); 

  

	  	 Second, for payment of the taxes on the disposal of the Pledged Equity; and 

 

	  	 Third, for repayment of the Secured Debts to the Pledgee. 

 

	  	 If there is any remaining amount after the above distribution, the Pledgee shall return such remaining amount
to the Pledgors or other person entitled to such amount according to relevant laws and regulations, or lodge such amount with the notary at the lace of the Pledgee (the cost of which shall be borne by the Pledgee). 

 

	3.5	 The Pledgee has the right to exercise its remedies for breach of contract at the same time or successively. The
Pledgee is not required to exercise other remedies first before exercising the right hereunder to auction or sell the Pledged Equity. 

  
 5 

	4.	 Costs and Expenses 

 

	4.1	 The Parties shall respectively bear all costs and expenses incurred relating to the creation of the Equity
Pledge hereunder, including but not limited to the stamp duty, any other taxes and all legal costs. 

  

	5.	 Continuing Security and No Waiver 

 

	5.1	 The Equity Pledge created hereunder is a continuing security, and is valid until the Contractual Obligations
are fully performed or the Secured Debts are fully repaid. No waiver or grace by the Pledgee of any breach of the Pledgors, or any delay of the Pledgee in exercising its right under the Transaction Agreements and this Agreement, shall affect the
Pledgee’s right under this Agreement, relevant PRC Laws and the Transaction Agreements to request the Pledgors to strictly perform the Transaction Agreements and this Agreement at any time, or any right enjoyed by the Pledgee due to any
subsequent breach by the Pledgors of the Transaction Agreements and/or this Agreement. 

  

	6.	 Representations and Warranties of the Pledgors 

 

	  	 The Pledgors severally represent and warrant to the Pledgee that 

 

	6.1	 They are natural persons of full capacity for civil acts according to the PRC Laws or entities duly registered
or validly existing according to the PRC Law, who have full and separate legal status and capacity to execute this Agreement and perform the legal obligations under this Agreement. 

 

	6.2	 All reports, documents and information provided by them before effectiveness of this Agreement with respect to
the Pledgors and all matters required by this Agreement are true and correct in all material respects when this Agreement becomes effective. 

  

	6.3	 All reports, documents and information provided by them after effectiveness of this Agreement with respect to
the Pledgors and all matters required by this Agreement are true and valid in all material respects when they are provided. 

  

	6.4	 When this Agreement becomes effective, the Pledgors are the sole legal owner of the Pledged Equity and there is
not any existing dispute over the title to the Pledged Equity. The Pledgors have the right to dispose of the Pledged Equity or any part thereof. 

  

	6.5	 Except for the security interest created over the Pledged Equity under this Agreement or any right created
under the Transaction Agreements, there is not any other security interest, any third party’s interest and other restrictions over the Pledged Equity. There is not any legal or de facto obstacles for the Pledgee to exercise the pledge in the
future. 

  

	6.6	 The Pledged Equity may be pledged and transferred legally, and the Pledgors have full right and power to pledge
the Pledged Equity in favor of the Pledgee according to the provisions hereof. 

  

	6.7	 This Agreement shall constitute legal, valid and binding obligations of the Pledgors after the Pledgors
properly sign it. 

  

	6.8	 Any consent, permission, waiver or authorization of any third party or the approval, permit, waiver,
registration or filing (if required by law) of any government authority required by execution and performance of this Agreement and the Equity Pledge under this Agreement have been obtained or completed, and shall remain fully valid during the term
of this Agreement. 

  
 6 

	6.9	 As of the Execution Date, the execution and performance by the Pledgors of this Agreement shall not violate or
contradict to any law applicable to them, any agreement to which they are a party or by which they are bound, their business licenses, articles of association, permissions, approval of the government authorities for their establishment, any
organizational agreement or constitutional documents of the Pledgors, or any court’s decision, arbitrator’s award, or any administrative authority’s decision. 

 

	6.10	 The pledge hereunder constitutes the firs-rank security interest over the Pledged Equity.

  

	6.11	 All taxes and fees payable on the Pledged Equity have been fully paid by the Pledgors. 

 

	6.12	 There is no pending or, to the knowledge of the Pledgors, threatened litigation, legal proceeding or claim at
any court, arbitral tribunal or government or administrative authority against the Pledgors or their property or the Pledged Equity that will have material or adverse effect on the Pledgors’ economic conditions or their ability to perform the
obligations or the security liabilities hereunder. 

  

	6.13	 The Pledgors hereby warrant to the Pledgee that the above representations and warranties are true and correct
and will be fully complied with before the Contractual Obligations are fully performed or the Secured Debts are fully repaid. 

  

	6.14	 If the Pledgors receive any dividend, bonus or distribution from the Company during the term hereof, they agree
to unconditionally transfer such dividend, bonus or distribution to the Pledgee or any entity/individual designated by the Pledgee for no consideration. 

  

	6.15	 If the Company is required to be dissolved or liquidated according to the mandatory provisions of applicable
law, the Pledgors shall, subject to the PRC Laws, transfer any interest they have received from the dissolution or liquidation according to law to the Pledgee or any entity/individual designated by the Pledgee for no consideration, after completion
of the dissolution or liquidation procedure. 

  

	6.16	 The Pledgors who are natural persons shall have made proper arrangement and signed necessary documents to
ensure that when they die, become incapacitated, go into bankruptcy, dissolve their marriage or have other circumstance that may affect the exercise of the pledge, their heirs, custodians, creditors, spouses, or other persons that may obtain their
Equity or relevant rights will not affect or prevent the performance of this Agreement; the Pledgors who are not natural persons shall have made proper arrangement and signed necessary documents to ensure that when they are succeeded by other
entities or other circumstances occur which may affect the exercise of the pledge, their successors and other persons that may obtain their Equity or relevant rights will not affect or prevent the performance of this Agreement.

  

	7.	 Representations and Warranties of the Company 

 

	  	 The Company represents and warrants to the Pledgee that 

 

	7.1	 The Company is a limited liability company duly incorporated and validly existing under the PRC Laws who has
separate legal personality, has full and separate legal status and capacity to execute, deliver and perform this Agreement, and can sue and be sued. 

  

	7.2	 The reports, documents and information provided by the Company before effectiveness of this Agreement with
respect to the Pledged Equity and all matters required by this Agreement are true and correct in all material respects when this Agreement becomes effective. 

  
 7 

	7.3	 The reports, documents and information provided by the Company after effectiveness of this Agreement with
respect to the Pledged Equity and all matters required by this Agreement are true and valid in all material respects when they are provided. 

  

	7.4	 This Agreement shall constitute legal, valid and binding obligations of the Company after the Company properly
signs it. 

  

	7.5	 It has full internal corporate power and authority to execute and deliver this Agreement and all other
documents relating to the transaction contemplated hereunder and to be executed, and has full power and authority to complete the transaction contemplated hereunder. 

 

	7.6	 There is no pending or, to the knowledge of the Company, threatened litigation, legal proceeding or claim at
any court, arbitral tribunal or government or administrative authority against the Pledged Equity or the Company or its assets that will have material or adverse effect on the Company’s economic conditions or the Pledgors’ ability to
perform the obligations or the security liabilities hereunder. 

  

	7.7	 The Company hereby warrants to the Pledgee that the above representations and warranties are true and correct
and will be fully complied with before the Contractual Obligations are fully performed or the Secured Debts are fully repaid. 

  

	7.8	 If the Company is required to be dissolved or liquidated according to the mandatory provisions of applicable
law, subject to the PRC Laws, the assets of the Company shall be sold to the Pledgee or any qualified entity/individual designated by the Pledgee at the minimum price permitted by the current PRC Laws. 

 

	8.	 Undertakings of the Pledgors 

The Pledgors hereby undertake severally to the Pledgee as follows: 
  

	8.1	 The Equity Pledge hereunder constitutes the first-rank security interest over the Pledged Equity. Without the
prior written consent of the Pledgee, the Pledgors shall not create or permit the creation of any new pledge or other security interest over the Pledged Equity, and any pledge or other security interest created over part or whole of the Pledged
Equity without the prior written consent of the Pledgee shall be void. 

  

	8.2	 Without prior written notice to and prior written consent of the Pledgee, the Pledgors will not transfer, sell,
pledge, dispose of or otherwise create any new encumbrance on the Pledged Equity, and any attempted transfer thereof shall be void. The proceeds of the transfer of the Pledged Equity by the Pledgors shall be first used to repay the Secured Debts to
the Pledgee or lodged with the third person agreed with the Pledgee. 

  

	8.3	 When any legal action, arbitration or other claim occurs and may have Material Adverse Effect on the interest
of the Pledgors or the Pledgee under the Transaction Agreements and this Agreement or the Pledged Equity, the Pledgors undertake to promptly and timely notify the Pledgee in writing, and, at the reasonable request of the Pledgee, take necessary
measures to ensure the Pledgee’s pledge interest in the Pledged Equity. 

  

	8.4	 The Pledgors will not take or permit any acts or behaviors that may have adverse effect on the Pledgee’s
interest under the Transaction Agreements and this Agreement or the Pledged Equity. The Pledgors waive their right of first refusal when the Pledgee realizes the pledge hereunder. 

  
 8 

	8.5	 The Pledgors undertake to take necessary actions and sign necessary documents (including but not limited to any
supplemental agreement to this Agreement) at the reasonable request of the Pledgee, to ensure that the Pledgee may exercise and realize its pledge interest in the Pledged Equity and relevant rights. 

 

	8.6	 If the exercise of the pledge hereunder causes transfer of the Pledged Equity, the Pledgors undertake to take
necessary actions to realize such transfer. 

  

	8.7	 Where a meeting of the shareholders or board of directors of the Company is convened to execute this Agreement
or create or exercise the pledge hereunder, the Pledgors shall ensure the convening procedure, voting method and content of the meeting shall not violate any laws, administrative regulations of articles of association of the Company.

  

	8.8	 The Pledgors have no right to transfer any of their rights and obligations hereunder without the prior consent
of the Pledgee. 

  

	8.9	 Subject to all laws and regulations applicable to the pledge hereunder, the Pledgors shall present to the
Pledgee any notice, order or suggestion made or issued by any competent authority in respect of the pledge hereunder (or other matters) within five (5) days after receiving such notice, order or suggestion, and shall comply with the same or
bring any objection or statement therefor as reasonably requested or consented by the Pledgee. 

  

	9.	 Undertakings of the Company 

 

	9.1	 If the execution and performance of this Agreement and the Equity Pledge hereunder are subject to any consent,
permission, waiver or authorization of any third party or the approval, permit, waiver, registration or filing (if required by law) of any government authority, it will use its best effort to assist to obtain the same and maintain the same fully
valid during the term of this Agreement. 

  

	9.2	 Without the prior written consent of the Pledgee, the Company will not assist or permit the Pledgors to create
any new pledge or other security interest over the Pledged Equity. 

  

	9.3	 Without the prior written consent of the Pledgee, the Company will not assist or permit the Pledgors to
transfer the Pledged Equity. 

  

	9.4	 When any legal action, arbitration or other claim occurs and may have Material Adverse Effect on the Company,
the Pledged Equity, or the interest of the Pledgee under the Transaction Agreements and this Agreement, the Company undertakes to promptly and timely notify the Pledgee in writing, and, at the reasonable request of the Pledgee, take necessary
measures to ensure the Pledgee’s pledge interest in the Pledged Equity. 

  

	9.5	 The Company shall not take or permit actions or behaviors that may have adverse effect on the interest of the
Pledgee under the Transaction Agreements and this Agreement or the Pledged Equity. 

  

	9.6	 The Company will provide the Pledgee with the financial statements of the previous calendar quarter, including
but not limited to the balance sheet, the income statement and the cash flow statement, within the first month of every calendar quarter. 

  

	9.7	 The Company undertakes to take necessary measures and sign necessary documents (including but not limited to
any supplemental agreement to this Agreement) at the reasonable request of the Pledgee, to ensure that the Pledgee may exercise and realize its pledge interest in the Pledged Equity and relevant rights. 

  
 9 

	9.8	 If any transfer of the Pledged Equity occurs due to exercise of the pledge hereunder, the Company undertakes to
take necessary measures to complete such transfer. 

  

	10.	 Change of Situation 

 

	10.1	 In addition to and without prejudice to other provisions of the Transaction Agreements and this Agreement, if
the Pledgee believes that maintaining the validity of this Agreement and/or disposing the Pledged Equity in the way specified in this Agreement become illegal or contradict to any PRC Laws, due to the promulgation of or change to the PRC Laws, the
change to the interpretation or application of the PRC Laws, or the change of relevant registration procedure, the Pledgors and the Company shall immediately take any actions and/or sign any agreements or other documents pursuant to the written
instruction and at the reasonable request of the Pledgee, to: 

  

	 	(1)	 Maintain the validity of this Agreement; 

 

	 	(2)	 Benefit the disposal of the Pledged Equity in the way specified in this Agreement; and/or

  

	 	(3)	 Maintain or realize the security created or purported to create under this Agreement. 

 

	11.	 Effectiveness and Termination of the Agreement 

 

	11.1	 This Agreement becomes effective when the Parties properly sign it, and will remain effective until the
Pledgors and the Company fully perform their obligations under the Transaction Agreement and the debts of the Pledgors and the Company under the Transaction Agreements are fully repaid, or this Agreement terminates. 

 

	11.2	 This Agreement shall terminate only if: 

 

	 	11.2.1	 All Equity or assets of the Company have been transferred to the Pledgee and/or any entity or individual
designated by the Pledgee according to the provisions of the Option Agreement; or 

  

	 	11.2.2	 The Pledgee requests termination of this Agreement unilaterally (the Pledgee’s right to terminate this
Agreement is not subject to any condition, and is owned by the Pledgee only. Other Parties have no right to terminate this Agreement unilaterally). 

  

	12.	 Notice 

  

	12.1	 Any notice, request, demand or other communication required by or made under this Agreement shall be in writing
and sent to relevant Parties. 

  

	12.2	 Where the above notice or other communication is sent by fax or telex, it will be deemed delivered when it is
sent. Where the above notice or other communication is sent by personal delivery, it will be deemed delivered when it is submitted in person. Where the above notice or other communication is sent by mail, it will be deemed delivered five
(5) days after it is posted. 

  
 10 

	13.	 Force Majeure 

 

	13.1	 If either Party fails to perform this Agreement or is unable to perform this Agreement according to its terms
due to earthquakes, typhoons, floods, fires, wars, changes in policies or laws and other unforeseen or unpredictable or unavoidable force majeure events, the affected Party shall immediately send a notice by fax, and provide within thirty
(30) days the details of the force majeure event and the supporting documents of the reasons why this agreement cannot be performed or the performance needs to be delayed. Such supporting documents must be issued by a notary institution in the
area where the force majeure event occurs. The Party affected by the force majeure event shall take appropriate measures to reduce or eliminate the impact of the force majeure event, and shall strive to resume the performance of obligations that
have been delayed or hindered due to the force majeure event. Based on the extent of the force majeure event’s impact on the performance of this Agreement, the Parties will agree on whether this Agreement should be partially exempted from
performance or postponed. Neither Party shall be liable for compensation for the economic losses caused to any Party by the force majeure event. 

  

	14.	 Miscellaneous 

 

	14.1	 Without the prior written consent of the Pledgee, other Parties shall not transfer their rights and/or
obligations hereunder to any third party. When and only if the Pledgee is not permitted to act as a Party to this Agreement under the PRC Laws, the Pledgee has the right to transfer its rights and/or obligations hereunder to any third party
designated by it after notifying other Parties. Any such transfer shall include all rights and/or obligations of the Pledgee hereunder, and the transferee shall be deemed an original Party to this Agreement. Other Parties shall, when requested by
the Pledgee, sign all necessary agreements and other documents required for completion of such transfer. 

  

	14.2	 The amount of the Secured Debts confirmed by the Pledgee when it exercises the pledge right to the Pledged
Equity according to the provisions hereof shall be the conclusive evidence of the Secured Debts hereunder. 

  

	14.3	 This Agreement is written in Chinese. This Agreement is made in thirteen (13) counterparts, with each
Party holding one (1) counterpart, and the remaining counterparts maintained by the Pledgee. 

  

	14.4	 The conclusion, validity, performance, amendment, interpretation and termination of this Agreement shall be
governed by the PRC Laws. 

  

	14.5	 Any dispute arising from or relating to this Agreement shall be resolved first through the friendly negotiation
between the Parties. If the Parties fail to reach an agreement on the dispute within thirty (30) days after occurrence of the dispute, either Party may submit the dispute to Guangzhou Arbitration Commission for arbitration according to the
arbitration rules of the Commission effective at the time of submission. The arbitration will be carried out in Guangzhou in Chinese. The arbitration award is final and binding upon relevant Parties. If the Pledgors are required to assume relevant
liabilities, the Commission has the right to decide that the Pledgors’ Equity in the Company or their assets shall be used to compensate the Pledgee, to grant injunctions to the Pledgee (such as for the need of business or compulsory transfer
of assets), or to order the liquidation of the Company. To support the enforcement of the arbitration award, before submitting the dispute for arbitration, when waiting for the constitution of the arbitration tribunal, before the arbitration award
is made, or in other circumstances, the Parties have the right to apply for interim remedies to the people’s court, Hong Kong court or Cayman Islands court at the Pledgee’s place of incorporation, the Company’s place of incorporation
and the place where the Company’s assets are located directly or through the Commission, and the above courts have the corresponding jurisdiction. 

  
 11 

	14.6	 Any rights, powers and remedies granted to either Party under any provision of this Agreement shall not
preclude any other rights, powers or remedies granted to the Party under laws or other provisions hereof. No exercise by either Party of its rights, powers or remedies will preclude the exercise by the Party of other rights, powers or remedies.

  

	14.7	 No failure or delay to exercise by either Party of its rights, powers or remedies under this Agreement or laws
(“Party’s Rights”) will constitute waiver of such rights, and no single or partial waiver of the Party’s Rights will preclude exercise by the Party of such rights in other way or of other rights. 

 

	14.8	 The headings hereof are inserted for reference only, and shall not be used for or affect the interpretation of
any provisions hereof. 

  

	14.9	 The provisions hereof are severable and independent from other provisions. If any or several provisions hereof
are decided invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other provisions hereof shall not be affected. 

  

	14.10	 Any modification or supplement to this Agreement must be made in writing. The Pledgee has the right to
independently decide to modify or supplement any provisions of this Agreement in accordance with the requirements of the relevant regulatory authorities or other considerations. Upon the Pledgee issues a written notice on the amendment or supplement
to this Agreement, the other Parties shall sign the amended and supplemented agreement in accordance with the requirements of the Pledgee. 

  

	14.11	 This Agreement shall be binding on the legal transferees or heirs/successors of all Parties.

 [The remainder of this page is intentionally left blank. Signature page follows.] 

  
 12 

 IN WITNESS WHEREOF, this Equity Pledge Agreement is signed by the following Parties on the date and at the
place first written above. 
 Pledgor: 
 (1) Purple Gas
Was Shown Limited Partnership (seal) 
  

			
	By:	 	/s/ Li Cong
	Name: Li Cong

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(2) Hangzhou Xianfeng Qiyun Investment Limited Partnership (seal) 
  

			
	By:	 	/s/ Wang Shiyu
	Name: Wang Shiyu

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(3) Guangzhou Yilian Equity Investment Partnership (Limited Partnership) (seal) 
  

			
	By:	 	/s/ Wang Shumin
	Name: Wang Shumin

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(4) Xiamen SAIF Equity Investment Partnership (Limited Partnership) (seal) 
  

			
	By:	 	/s/ Yan Yan
	Name: Yan Yan

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(5) Shenzhen Futian SAIF Dynamiques Equity Investment Fund Partnership (Limited Partnership) (seal) 

 

			
	By:	 	/s/ Jin Fengchun
	Name: Jin Fengchun

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(6) Beijing Liangjun Ruize Management Center (seal) 
  

			
	By:	 	/s/ Liang Jun
	Name: Liang Jun

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(7) Beijing Liangjun Huize Management Center (seal) 
  

			
	By:	 	/s/ Liang Jun
	Name: Liang Jun

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(8) Beijing Liangjun Hongze Management Center (seal) 
  

			
	By:	 	/s/ Liang Jun
	Name: Liang Jun

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(9) Beijing Liangjun Junze Management Center (seal) 
  

			
	By:	 	/s/ Liang Jun
	Name: Liang Jun

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgor: 

(10) Goldjet Logistics Group Co., Ltd (seal) 
  

			
	By:	 	/s/ Gao Jie
	Name: Gao Jie

 [Signature page of the Equity Interest Pledge Agreement] 

 Pledgee: 

Guangzhou Transasia Trading Co., Ltd (seal) 
  

			
	By:	 	/s/ Bai Pingsan
	Name: Bai Pingsan

 [Signature page of the Equity Interest Pledge Agreement] 

 Company: 

Guangzhou Onion Vogue Group Co., Ltd (seal) 
  

			
	By:	 	/s/ Bai Pingsan
	Name: Bai Pingsan

 [Signature page of the Equity Interest Pledge Agreement] 

 Exhibit 1: 

Basic Information of the Company 
  

			
	Company name	  	Guangzhou Onion Vogue Group Co., Ltd
	Registered address	  	3-05-2, No.309, Middle Huangpu Avenue, Tianhe District, Guangzhou
	Registered capital	  	RMB 193,500,000
	Legal representative	  	Bai Pingsan

 Shareholding structure: 
  

													
	 Shareholder name
	  	Capital
contribution
(RMB ten
thousand)	 	 	Shareholding
structure	 	 	Uniform social
credit code	 
	 Purple Gas Was Shown Limited Partnership
	  	 	12298.0086	 	 	 	63.5556	% 	 	 	[***]	 
	 Hangzhou Xianfeng Qiyun Investment Limited Partnership
	  	 	2097.9657	 	 	 	10.8422	% 	 	 	[***]	 
	 Guangzhou Yilian Equity Investment Partnership (Limited Partnership)
	  	 	1258.7756	 	 	 	6.5053	% 	 	 	[***]	 
	 Xiamen SAIF Equity Investment Partnership (Limited Partnership)
	  	 	858.2693	 	 	 	4.4355	% 	 	 	[***]	 
	 Shenzhen Futian SAIF Dynamiques Equity Investment Fund Partnership (Limited Partnership)
	  	 	858.2693	 	 	 	4.4355	% 	 	 	[***]	 
	 Beijing Liangjun Ruize Management Center
	  	 	370.2816	 	 	 	1.9136	% 	 	 	[***]	 
	 Beijing Liangjun Huize Management Center
	  	 	374.0935	 	 	 	1.9333	% 	 	 	[***]	 
	 Beijing Liangjun Hongze Management Center
	  	 	193.0936	 	 	 	0.9979	% 	 	 	[***]	 
	 Beijing Liangjun Junze Management Center
	  	 	733.7907	 	 	 	3.7922	% 	 	 	[***]	 
	 Goldjet Logistics Group Co., Ltd
	  	 	307.4521	 	 	 	1.5889	% 	 	 	[***]	 
	 Total
	  	 	19,350	 	 	 	100	% 	 	 	—

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