Document:

EX-10.30

 Exhibit 10.30 

 
  

Online Self-service Loan Business Contract of Ping An Bank 

  
 1 

 Online Self-service Loan Business Contract of Ping An Bank 

Contract No.: P. Y. (Shanghai) Z. Y. D. Z. No.A454201806140001 

☐under the non-comprehensive credit line (under the single credit line) 

☑Under the comprehensive credit line- 
 Name of the
contract: Comprehensive Credit Line Contract 
 Contract No.: P. Y. (Shanghai) Z. Z. No.A454201806140001 

Party A: Ping An Bank Co., Ltd., Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.: **** Fax:                       

 Person in charge: Leng Peidong             Position:
President                 
 Party B (Borrower): Shanghai Tong Gou
Information Technology Co., Ltd.  
 Address: Room 302, 3/F, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai 

Tel.: ****   Fax:
                     
 Legal representative:
 Wang Wei     Position:                      

Whereas Party B applies to Party A for online self-service loan business (hereinafter referred to as the “Self-service Loan” business), Party A
will, after examination and approval, under the premise of complying with the conditions stipulated in the Contract, handle the Self-service Loan business for Party B, and grant Party B a certain amount of revocable line of credit (hereinafter
referred to as the “Limit of Self-service Loan”). Party A and Party B have concluded the Contract upon consensus in accordance with the provisions of relevant laws and undertaken to abide by all contract terms. 

Article 1 Matters related to the Limit of Self-service Loan 

1. The maximum amount of the Limit of Self-service Loan: RMB (in words) Four Million Two Hundred Thousand Only. 

2. The term of validity of the Limit of Self-service Loan: from June 15, 2018 (natural day, the same below) to June 14, 2019. During such term, the
Limit of Self-service Loan may be re-used multiple times, but the sum of the amount of the funds used by Party B each time and its outstanding loan balance shall not exceed the maximum amount of the Limit of
Self-service Loan agreed above. 
 Where the term of validity of the Limit of Self-service Loan expires, the amount that Party B has not used will
automatically expire. Party B may re-apply to Party A for the Limit of Self-service Loan. 
 3. Platform licensing
fee for the Self-service Loan: Party B agrees to make the payment of RMB (in words)     /     (including value-added tax) for the platform licensing fee for the Self-service Loan in a lump sum to Party A
within     days after the signing of the Contract. 
 If Party B fails to pay the amount in time according to the agreement, Party B
agrees that Party A has the right to terminate the Contract, cancel Party B’s Limit of Self-service Loan and refuse to provide the Self-service Loan business for Party B. 

  
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 The above fee will not be refunded if the Self-service Loan business provided to Party B is canceled,
suspended or terminated during the term of validity of the Limit of Self-service Loan due to reasons not involving Party A such as Party B’s reasons or judicial freezing. 

4. The purpose of the limit: The Limit of Self-service Loan under the Contract is used for     . Without the written consent of Party A,
Party B shall not change the purpose of the Limit of Self-service Loan. 
 Article 2 Use for payment of the Limit of Self-service Loan 

1. Conditions 
 Except for Party A’s waiver in whole or in
part, Party A only agrees on Party B’s use for payment of the Limit of Self-service Loan if the following preconditions are met: 
 (1) where Party
B’s provision of guarantee for the Contract is required and the guarantee that meets the requirements of Party A has been in force and continues to be effective; where the completion of formalities for mortgage (pledge) registration is
required, the corresponding registration, filing, approval and other procedures have been completed; 
 (2) where Party A’s provision of the
Self-service Loan business for Party B is not prohibited or restricted according to laws, administrative regulations, departmental rules or regulatory policies; 

(3) where Party B has registered on the orangebank in accordance with Party A’s requirements; 

(4) where Party B has not experienced any breach of contract as stipulated in the Contract or any situation that may harm the security of Party A’s
creditor’s rights; and 
 (5) Other conditions:
                    . 
 2. Application 

(1) Within the term of validity and amount limit of the Limit of Self-service Loan stipulated in the Contract, Party B may independently make a single use for
payment application via Party A’s orangebank service channel as needed, without prior notice to Party A or special application to Party A; 
 (2) When
Party B makes a single use for payment application, it must correctly fill in the relevant factors such as the amount and the period. 
 3. Examination 

Regarding the examination of the use for payment application for a single loan under the Limit of Self-service Loan, both parties agree to adopt the following
method (please fill in the option box with a “✓”): 
 ☐Automatic examination by the system. That is, any single use for payment
application independently made by Party B will be automatically examined and determined by Party A’s system. After approval, the fund for single use for payment will be transferred to the designated account of the payee via the system,
following such requirements as the record on the single use for payment application and the agreement of the two parties on the collection account: 

☐Automatic examination by the system + manual examination as assistance. That is, after approval upon automatic examination and determination by Party
A’s system on any application for single use for payment made by Party B, the application must still be examined by Party A’s staff, and after the examination this time, Party A will promptly issue the loan to the designated account of the
payee. 
 If Party B chooses the method of “Automatic examination by the system”, Party A has the right to actively adjust the examination method
for Party B’s use for payment application in accordance with the provisions of the regulatory department and the use condition of Party B’s loan, and to cease the use of the Limit of Self-service Loan that Party B has not yet used
according to the Contract. 
 4. Control 
 (1) Under the
Contract, regarding the use for payment and fund transfer of a single loan under the Limit of Self-service Loan, both parties agree to adopt the following method (please fill in the option box with a “✓”): 

  
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 ☐Payment under entrustment. That is, for any application for use for payment of the Limit of
Self-service Loan made by Party B independently and then approved by Party A upon examination, the fund for a single payment shall be transferred by Party A’s system through Party B’s account to the designated account of the payee; Party
B’s application for change of such account shall be examined and approved by Party A in advance and then be pre-configured by Party A’s system. Under this payment method, while Party A’s system
controlling Party B’s independent application, Party B’s account shall not be used as the account for receiving loan funds. 
 ☐Independent
payment. That is, for any application for use for payment of the Limit of Self-service Loan made by Party B independently and then approved by Party A upon examination, the fund for a single payment shall be directly issued via Party A’s system
to Party B’s account, and then Party B shall make the payment independently. Under this payment method, Party A does not control the collection account via the system, and Party B, while making the application for use for payment independently,
may use its own account as the collection account for receiving the loan. 
 (2) Regardless of the above (1), Party A and Party B agree that as long as the
amount of Party B’s single loan application exceeds RMB     , Party A will control Party B via the system not to use its own account as the collection account for receiving loan funds. That is, Party B may only adopt the
method of payment under entrustment. 
 (3) Term of the single payment 

Under the Contract, the maximum term of any single loan under the Limit of Self-service Loan shall not exceed 12 months (360 days). At the same time, Party A
and Party B agrees to adopt the following control (please fill in the option box with a “✓”): 
 ☐No control of the minimum term of a
single loan. That is, under this method, when Party B makes the application for loan payment, the term of the single loan may be independently selected and filled in as long as it does not exceed the maximum term specified above. 

☐Controlling the minimum term for a single loan, that is,      days. That is, under this method, if the term of a single loan does
not exceed the maximum term specified above, Party B shall, when making the application for loan payment, select and fill in a loan term that is greater than or equal to the minimum loan term, and Party A’s system will automatically determine
and conduct control. 
 (4) Amount limit for the single payment 

Under the Contract, Party A and Party B agrees to adopt the following control regarding the amount limit of single loan payment (please fill in the option box
with a “✓”): 
 ☐No control of the spending limit for a single loan. That is, under this method, when Party B makes the application
for loan payment, the amount of the single loan may be selected and filled in independently if it does not exceed the unused Limit of Self-service Loan. 

☐Controlling the minimum amount of a single loan, that is, RMB     . That is, under this method, when Party B makes the application
for loan payment, the amount of the loan selected and filled in must be greater than or equal to the minimum amount, and Party A’s system will automatically determine and conduct control. 

☐Controlling the maximum amount of a single loan, that is, RMB     . That is, under this method, the amount of the single loan must
not exceed the amount of the unused Limit of Self-service Loan. Where Party B makes the application for the loan payment, the amount of the loan selected and filled in must be less than or equal to the maximum amount set, and Party A’s system
will automatically determine and conduct control. 
 (5) Party A has the right to adjust and change the fund payment and transfer methods for the
above-mentioned loan, as well as the control method for single loan term and loan limit, while Party B undertakes not to raise any objection. 
 (6) If the
method of independent payment is adopted, Party B shall, in accordance with the requirements of Party A, collect and disclose information on the payment of the loan funds, and provide information such as the transaction object and payment amount as
well as evidentiary materials such as the corresponding business contracts. Party A has the right to verify whether the payment of the loan funds meets the agreed purpose through account analysis, voucher inspection,
on-site investigation and other methods, and Party B shall cooperate. 
 Article 3 Applicable interest rate for a
single loan under the Limit of Self-service Loan 

  
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 (I) Except as stipulated in Paragraph (V) below, the loan interest rate standard for any single loan
under the Limit of Self-service Loan shall be established (filled in) according to Item 1 below: 
 1. Under the Limit of Self-service Loan, any single loan
performs the same fixed interest rate, and the annual interest rate standard is 8%. Under this method, the fixed interest rate is executed regardless of the amount and term of the single loan, and the loan interest rate will not be adjusted within
the term of validity of the Limit of Self-service Loan. 
 2. Under the Limit of Self-service Loan, any single loan is established according to the
following standard (please fill in the option box with “✓”): 
 ☐ The benchmark interest rate of the People’s Bank for the same
grade loan on the loan issuance date floating ☐upward/☐downward    %. 
 ☐ The benchmark interest rate of the
People’s Bank of China for the same grade loan on the loan issuance date ☐+/☐-    % (floating point). 
 ☐ the
benchmark interest rate of the People’s Bank of China for the same grade loan on the date of loan release. 
 ☐ ☐ LIBOR ☐ HIBOR on
the date of loan issuance ☐+/☐-(base point) (only applicable to foreign exchange loans). 
 (II) The interest rate adjustment method applies the
following Item      (only under the circumstance of the above (I).2): 
 1. The adjustment method for the loan interest rate under the
Contract is (please fill in the option box with “✓”): 
 ☐ Floating on a     
(monthly/quarterly/six-month/yearly) basis. The interest rate adjustment date is the following Item     : 

(1) The date corresponding to the loan issuance date in     (every month/every three months/every six months/every year); if there is no
corresponding date, it is the last date of the corresponding month. 
 (2) January 1 of each year. 

☐ A fixed interest rate will be applied regarding the Contract during the loan term. 

Where the loan interest rate fluctuates, the interest will be charged at the adjusted interest rate from the date of interest rate adjustment. However, in
case of repayment in installments (including equal repayment on schedule and decreasing repayment on schedule), the interest will still be charged at the interest rate before adjustment for the period in which the interest rate is adjusted, and the
interest rate will be charged at the adjusted interest rate from the next period. 
 2. The details are as follows: 

☐In the case of the adjustment of the benchmark interest rate by the People’s Bank of China during the loan term, Party A shall agree on the
interest rate under the Contract at the adjusted benchmark interest rate: 
 ☐In case of adjustment on a monthly basis, the adjustment date is the
first interest settlement date after the adjustment date of the benchmark interest rate. 
 ☐ In case of adjustment on a quarterly basis, the
quarterly adjustment date is the interest settlement date in the month corresponding to the month of loan issuance in each quarter. 
 ☐ In case of
adjustment on a six-month basis, the semi-annual adjustment date is the interest settlement date in the month corresponding to the month of loan issuance in the next half year. 

☐ In case of adjustment on a yearly basis, the annual adjustment date is January 1. 

☐ In case of adjustment on a yearly basis, the annual adjustment date is the interest settlement date in the month corresponding to the month of loan
issuance in the next year. 
 ☐ (Others). 
 ☐ A
fixed interest rate will be applied regarding the Contract during the loan term. 

  
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 (III) If the benchmark interest rate is adjusted several times, Party A shall adjust accordingly at the
latest benchmark interest rate on the adjustment date. Where the People’s Bank of China adjusts the floating range of the benchmark interest rate so that the above agreed loan interest rate is lower than the lower interest rate limit set by the
People’s Bank of China, the loan interest rate under the Contract will be adjusted to the lower interest rate limit set by the People’s Bank of China. Where the People’s Bank of China no longer publishes the benchmark interest rate,
the loan interest rate under the Contract will be adjusted to the industrial recognized loan interest rate or usual same-grade loan interest rate over the same period, unless otherwise agreed by the parties. 

(IV) Where the state changes the method of determining interest rates, adjustment methods and interest-bearing methods, the relevant provisions of the state
shall prevail. 
 (V) In the event of any inconsistency between the interest rate applicable to any single loan under the Limit of Self-service Loan and the
interest rate recorded in the payment application for a single loan that is submitted by Party B and confirmed by Party A each time, the latter shall prevail. 

Article 4 Interest accrual and settlement 
 1. Interest
accrual 
 Interest is calculated at the actual loan amount and the actual loan term from the date on which the loan is actually issued. The interest on any
single loan under the Contract will be charged on a daily basis. The daily interest rate of the pound and Hong Kong dollar is annual interest rate dividing 365, while the daily interest rate of other currencies is also annual interest rate dividing
360. 
 2. Interest settlement 
 For the repayment method of
any single loan under the Contract, Party A and Party B agrees to adopt the following control (please fill in the option box with “✓”): 

☐ Payment of interest by installment and repayment of principal at maturity: the parties agree that the 20th of each month will be the interest
settlement date. The loan maturity date is the last interest settlement date, and the interest should be fully paid upon the repayment of the principal. 

☐ Payment of interest while repayment of principal: when the principal is repaid, the corresponding interest shall be settled. 

Where the interest settlement method applicable to any single loan under the Contract is subject to a separate specific record in the payment application for
the single loan confirmed by Party A, the latter shall prevail. 
 3. Party B shall deposit the interest payable in the designated deduction account before
each interest settlement date; otherwise, Party B shall authorize direct deduction from its any account opened in Party A’s banking system. If Party B is unable to pay interest on time and in full, a compound interest shall be charged at the
penalty interest rate stipulated in the Appendix from the next day of expiration. 
 Article 5 Guarantee (fill in the option box with “✓”)

 ☐ Party B does not need to provide a guarantee for form of credit. 

☐ The guarantees under the Contract shall be provided by means of the following method(s) 1 and/or 3 (if the credit granting hereunder is covered by the
credit line contract, the guarantee method under the credit line contract also applies): 
 1. Wang Ying, Zeng Qingchun and Shanghai ECMOHO Health
Biotechnology Co., Ltd., which serve as the guarantors for Party B’s all debts under the Contract, bear the joint and several guarantee responsibility and sign a warranty contract with Party A. 

2.     serve as the mortgagers for Party B’s all debts under the Contract, mortgaging with all the property or those that it is
legally entitled to dispose of them, and a mortgage contract shall be signed with Party A. 
 3. Shanghai Tong Gou Information Technology Co., Ltd., Beijing
Jingdong Century Information Technology Co., Ltd., Beijing Jingdong Century Trading Co., Ltd. and Zhejiang Tmall Technology Co., Ltd. serve as the pledgers for Party B’s all debts under the Contract with their all account receivables, pledging
with all their property or those that they are legally entitled to dispose of them, and a pledge contract shall be signed with Party A. 

  
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 4.
Others:                                        
                                         
                                         
                                         
                                         
                     

                          
                                         
                                         
                                         
                                         
                                         
          . 
 With regard to the guarantees under the Contract, the relevant guarantee contracts
signed by the guarantors and Party A shall prevail. 
 Article 6 Repayment of a single loan under the Limit of Self-service Loan 

1. Party B may independently make an application for repayment via the corporate online banking service channel of Party A. After the approval of Party
A’s system upon examination, the loan will be automatically repaid for Party B by the system. 
 2. Party B shall ensure that there are sufficient
funds in its designated repayment account on the maturity date of any single loan. Party B irrevocably authorizes Party A to deduct all principal and interest of the loan due or early due from the account opened by Party B in Ping An Bank. 

Article 7 After the Limit of Self-service Loan is formally effective, Party A will deactivate Party B’s Limit of Self-service Loan and
Self-service Loan business function under any of the following circumstances, and Party B will no longer be able to make a payment application for any single loan: 

1. where the period of validity of the Limit of Self-service Loan is expired; 

2. where any single loan under the Limit of Self-service Loan is overdue; or 

3. any breach of contract as stipulated in Article 13 and other terms hereof. 

For the overdue loan, Party B shall complete the full payment in accordance with the requirements of Party A, and then the Self-service Loan business function
for Party B will be automatically resumed via Party A’s system; however, if three (including) overdue situations occur within the period of validity of the Limit of Self-service Loan, regardless of whether Party B has made the repayment, Party
A will suspend the Limit of Self-service Loan and the Self-service Loan business functions for Party B. In case of a renewal, Party B must apply to Party A. 

Article 8 Tax burden 
 If related taxes and fees are
incurred separately or additionally to the transaction due to changes in China’s tax laws and regulations, the Bank shall have the right to separately charge from Party B (client) value-added tax applicable to this business in addition to the
contract price for the VAT taxable business under the Contract. 
 Article 9 Invoice 

The Bank will issue a corresponding value-added tax invoice after receiving the relevant payment from Party B (client). If Party B requests the Bank to issue a
VAT invoice, it must submit the request to the Bank within     month(s) after payment, and at the same time provide the following information to the Bank. If no request is submitted within the said period, it will be deemed that
Party B automatically waives such right: 
 Company
name:                                        
                                         
                
 Taxpayer’s registration
No.:                                        
                                         
    
 Bank of
deposit:                                       
                                         
                 
 Account
No.:                                        
                                         
            

Address:                        
                 

Tel.:                         
                    
 Article 10 Handling of specific
matters regarding invoices 
 Except as otherwise stipulated in the Contract, from the date of implementation of the policy of value-added tax in lieu of
business tax, when both parties have the need to cooperate with each other in the aspects of the issuance, delivery, custody, invalidation and write-off in red ink of the value-added tax invoice, they may,
upon consensus, do their utmost to cooperate with each other to properly resolve the foregoing matters. 

  
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 Article 11 Rights and obligations of Party B 

(I) Rights of Party B 
 1. Party B has the right to use the Limit
of Self-service Loan according to the conditions and purposes stipulated in the Contract; 
 2. Party B has the right to refuse Party A and its staff to
extort bribes, and refuse and report to the relevant departments for Party A’s violations of the laws and regulations of the state regarding interest rates and charges; 

3. Party B has the right to refuse any additional conditions outside the Contract. 

(II) Obligations of Party B 
 1. Party B shall truthfully
provide the documents and materials required by Party A, as well as the information on all its bank accounts, the bank of deposit and the balance of deposits and loans, and shall be cooperative in investigation, examination and inspection by Party
A; 
 2. Party B shall report the latest changes to the monthly financial statements and registration status to Party A in a timely manner; 

3. Party B shall be subject to the supervision by Party A over its use of credit funds and relevant production, operation and financial activities, and Party
B shall submit relevant certificates and supporting materials for the use of funds to Party A within one month after the Limit of Self-service Loan is paid; 

4. Party B shall use the loan fund in accordance with the purposes stipulated in the Contract, and shall not use the loan fund in the securities and futures
markets or for share capital equity-based investment, or for fixed-asset investment or project investment; 
 Where Party B’s use of the loan fund
violates the laws, regulations and regulatory provisions of the state, or violates the Contract, resulting in Party A’s punishment by the relevant authorities of the state, Party B agrees to assume liability for compensation at least within the
scope of Party A’s losses, while Party A has the right to pursue a recovery. 
 5. Party B shall repay the principal and pay the corresponding interest
of the loan in full and on time in accordance with the Contract; 
 6. Where Party B has a major property right transfer, system change or transfer of
creditor’s rights and debts, it shall notify Party A in advance of the relevant matters, and implement the safeguard measures for the safe repayment of the loan principal and interest and all other related expenses under the Contract; 

7. Party B shall not withdraw funds, transfer assets or use related party transactions to avoid debts to Party A; shall not use false contracts with related
parties to discount the creditor’s rights such as note receivables and accounts receivable without real trade background at the bank, or pledge or fraudulently obtain overdraft funds; 

8. Where Party B is a group client, it shall report to Party A in writing within 10 days from the date of the related party transaction with more than 10% of
the net assets. The report shall cover the relationship between the parties to the transaction, items and the nature of the transaction, the transaction amount or corresponding proportion and pricing policies (including transactions with no amount
or only a nominal amount). 
 The term “group client” as used in this paragraph refers to an enterprise legal person or institutional legal person
with the following characteristics: (1) which directly or indirectly controls or is controlled by other enterprise legal person or institutional legal person in equity or business; (2) which is jointly controlled by a third-party
enterprise legal person or institutional legal person; (3) which is directly or indirectly controlled jointly by a major individual investor, key management or their close family members (including direct family relationships within three
generations and collateral relationships within the second generation); (4) which has other related relationships and may not transfer assets and profits according to the fair price principle, shall be subject to the credit-granting management as a
group client. 

  
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 Article 12 Rights and obligations of Party A 

(I) Rights of Party A 
 1. Party A has the right to request Party
B to provide information related to the matters involved in the Contract; 
 2. Party A has the right to request Party B to return the principal and
interest of the loan on time; 
 3. Party A has the right to know Party B’s plans for production, operation, financial activities, management and
repayment; 
 4. Party A has the right to supervise Party B’s use of the loan fund for the purposes specified herein; 

5. Party A has the right to directly collect the loan principal and interest from any account opened by Party B in the system of Ping An Bank; 

6. Where Party B fails to perform the obligations stipulated herein, Party A shall have the right to terminate the function of Self-service Loan business
provided for Party B in accordance with the agreement, and request Party B to return in advance the full loan principal and interest of all unmatured and unliquidated single loans under the Limit of Self-service Loan; 

7. In the event of transfer of major property rights, system change or transfer of creditor’s rights and debts by Party B, Party A shall have the right
to request Party B to pay off the principal and interest of the loan and all other related expenses hereunder, or to transfer all the debts hereunder under the name of the assignee to Party A’s consent, or provide the guarantee measures agreed
by Party A. 
 (II) Obligations of Party B 
 1. Party A shall
provide the function of the Self-service Loan business for Party B according to the conditions stipulated herein; 
 2. Party A shall keep confidential the
financial, production and operation information of Party B, except as otherwise provided by laws and administrative regulations; 
 3. Party A shall not
offer bribes to or request or accept bribes from Party B and its staff. 
 Article 13 Party B’s breach of contract and liability for breach 

(I) Default 
 1. any circumstance as stipulated in Article 11
hereof 
 2. Where Party B violates any obligations stipulated herein, or Party B expressly indicates or indicates through its acts that it will not perform
its contractual obligations; 
 3. Where Party B is forced or voluntarily closed; 

4. Where Party B provides false materials or conceals important business or financial facts; 

5. Where Party B refuses to accept Party A’s supervision and inspection over its use of credit funds and related business financial activities; 

6. Where Party B has a large financial loss; 
 7. Where Party B
uses the false contract with the related party to discount or pledge the debts such as notes receivable without actual trade background, aiming at defrauding funds or credits from Party A or other banks; 

8. Where Party B intends to evade bank creditor’s rights through related party transactions or other means; 

  
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 9. Where Party B has been subjected to administrative sanctions or is being investigated by the relevant
department and may be subject to administrative sanctions due to violation of laws and regulations in operation; 
 10. Where Party B is involved in such
circumstances as division, consolidation, major merger, acquisition and restructuring, liquidation, reorganization, cancellation, bankruptcy and dissolution; 

11. Where Party B changes the original purpose without the consent of Party A, misappropriates the loan funds or use the loan for illegal transactions; 

12. Where Party B violates other similar contracts (including but not limited to credit granting contracts and guarantee contracts) signed with Party A or
other third parties, or is involved in litigation or arbitration due to disputes arising from such contracts; 
 13. Where the controlling shareholder of
Party B transfers the shares held by it in Party B; or where Party B’s controlling shareholder, actual controller, legal representative or senior management is involved in major events, including but not limited to that they have been subject
to administrative or criminal sanctions or are investigating by relevant departments and may be subject to administrative or criminal sanctions due to violations of laws and regulations in operation, litigation or arbitration cases, serious
deterioration of financial situation, and declaration of bankruptcy or dissolution; 
 14. Where the guarantor under the relevant guarantee contract
breaches the contract, including but not limited to the false information provided by the guarantor on guarantee materials and formalities and the violation by the guarantor of the credit granting contract, guarantee contract or other similar
contract signed by it with Party A or any other third party; or litigation or arbitration due to disputes arising from such contracts, forced or voluntary suspension of business, major business errors, having been subject to administrative or
criminal sanctions or being investigating by relevant departments or may be subject to administrative or criminal sanctions due to illegal business operations, evading bank’s creditor’s rights, mergers, acquisitions and restructuring, and
other circumstances that may weaken its ability to guarantee; 
 15. Where unfavorable changes occurred in the industry in which Party B is engaged, and
Party A believes that such changes have harmed or may harm the realization of the creditor’s rights hereunder; 
 16. Where Party B has not fulfilled
other debts due (including debts due to branches at all levels of Ping An Bank or other third parties), or transfers property at a low price or on a gratuitous basis, deducting third-party debts, or is lazy in exercising creditor’s rights or
other rights; 
 17. Where Party B’s shareholders abuse the independent status of the corporate legal person and the shareholder’s limited
liability to evade debts, and Party A believes that this may endanger the security of the creditor’s rights hereunder; 
 18. Where any preconditions
for the use of the Limit of Self-service Loan stipulated herein are not continuously satisfied; 
 19. Other circumstances relating to Party B that have
harmed or may harm the realization of the creditor’s rights hereunder. 
 (II) Liability for breach 

Where Party B has any of the said breaches, Party B shall bear the liability for breach in accordance with the Contract, while Party A has the right to choose
or/and use the following methods to investigate Party B’s liability for breach according to the specific circumstances: 
 1. Refusing Party B to
continue to use the unused Limit of Self-service Loan and ceasing providing the function of Self-service Loan business to Party B; 
 2. Announcing that the
outstanding principal and interest of the loan will mature immediately and Party B shall immediately return the principal and interest of the loan and related expenses; 

  
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 3. Corresponding adjustment or cancellation or terminating the Limit of Self-service Loan accordingly, or
adjusting the validity period of the Limit of Self-service Loan; 
 4. Where Party B fails to use the loan fund according to the purpose stipulated herein,
for the part subject to Party B’s misappropriation, an interest at the penalty interest rate of 100% according to the loan interest rate stipulated herein shall be charged from the date of misappropriation on the basis of the number of days of
delay. For interest that cannot be paid on time, the compound interest rate shall be charged at the penalty interest rate; for the loan subject to overdue payment of interest and misappropriation, the penalty interest or compound interest will be
charged for the one is larger; 
 5. Where the loan matures duly or matures in advance, and Party B fails to repay the principal and interest of the loan as
agreed, Party A has the right to impose an interest at 50% penalty interest rate on the loan principal according to the loan interest rate stipulated in the Contract from the date of overdue at the actual number of overdue days, and also impose a
compound interest at the penalty interest rate on the interest that cannot be paid on time; 
 Expenses (including announcement fee, service fee, appraisal
fee, attorney fee, legal fee, travel expenses, assessment fee, auction fee, property preservation fee, compulsory execution fee, etc.) required by Party A to collect the loan principal and interest, which arise from the failure of Party B to repay
the loan principal and interest at maturity, shall be borne by Party B. 
 6. If the payment for loan principal or interest is overdue for a period less
than 90 days (including 90 days), the loan repayment order is: (1) fees; (2) interest (including penalty interest and compound interest); (3) principal. If the payment for loan principal or interest is overdue for a period more than 90 days,
the loan repayment order is: (1) fees; (2) the principal; (3) interest (including penalty interest and compound interest). 
 7. Other remedies
that Party A has the right to claim in accordance with the law and the Contract. 
 Article 14 Statement and undertakings of Party B 

1. Party B is a company legally established, validly existing and has a good reputation in the jurisdiction under which it is established. It has all the
corporate rights as well as government licensings and approvals to engage in its current business. 
 2. Party B has completed all the authorizations and
approvals required to sign the Contract. Signing the Contract is the true declaration of intention of Party B and will not result in violation of its agreement or commitment with any third party. Party B did not violate any laws, regulations and
rules concerning environmental protection, energy conservation, emission reduction and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the Contract. 

3. Except for those in the notice send to Party A by Party A in writing before the signing of the Contract, Party B does not have any procedures, such as
litigation, arbitration, enforcement, appeal, reconsideration, and other events or circumstances that may have a material adverse effect on the performance of the Contract. 

4. Party B shall provide financial statements, information of all bank accounts and balances of deposits and loans and other relevant materials required by
Party A within the time limit required by Party A and ensure that the documents and materials provided are true, complete and objective, without any false records, misleading statements or major omissions, and the financial statements shall be
prepared in strict accordance with Chinese accounting standards. 
 Article 15 Miscellaneous 

 

                          
                                         
                                         
                                         
                                         
                 
  

                          
                                         
                                         
                                         
                                         
                 
  

                          
                                         
                                         
                                         
                                         
                 
  

Article 16 Supplementary provisions 

  
 11 

 1. ☐Both parties agree to enforce the notarization of the Contract 

After the Contract has been subject to a notarization with enforcement effect handled by both parties, if Party B does not perform or does not fully perform
the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the people’s court at the domicile of the person
subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution certificate for enforcement. 

☐No enforcement of notarization shall be handled for the Contract 

2. In addition to the Contract, the payment application, payment voucher and loan IOU for any single loan under the Limit of Self-service Loan formed in
the course of handling business by both parties (including all kinds of information retained by Party A’s system), as well as all the notices send by Party A to Party B, form an integral part of the Contract and are binding on both parties.

 3. Unless there is evidence to the contrary as determined by the people’s court, Party A’s internal accounting records and system
records concerning the principal, interest, expenses and repayment records of the loan, and the documents and payment voucher incurred by Party B in the course of business handling issued or retained by Party A, as well as the records, vouchers and
notices on collection and notes from banks, all constitute valid evidence to prove the creditor-debtor relationship between the parties; Party B undertakes to raise no objection. 

4. Where Party B has any objection to the electronic loan IOU, business statements and other relevant documents provided by Party A (including by Party
A’s system), it shall submit the objection with 10 days after the business occurs. Otherwise, Party B shall be deemed to fully approve the entire content. 

5. After the agreement between the two parties, the Contract may be modified or rescinded, and the agreement to modify or rescind the Contract shall be made
in writing. 
 6. During the existence of the Contract, Party A’s tolerance or extension for Party B’s any breach of contract or delay or Party
A’s postponement in exercising its due rights hereunder shall not impair, influence or limit all rights due to Party A as stipulated by the Contract and relevant laws, and it shall not be regarded as Party A’s permission or recognition of
any breach of this contract, nor shall it be deemed that Party A waives its right to take action against Party B’s existing or future breach of contract. 

7. If the Contract becomes invalid in law or part of its terms is invalid for any reason, Party B shall still perform all repayment obligations. In the
event of the above, Party A has the right to terminate the Contract and may immediately recover from Party B the principal and interest of the loan hereunder and other relevant funds. 

8. Party B agrees and authorizes Party A to inquire Party B’s credit information from the Financial Credit Information Basic Database and other credit
reference institutions whose establishment is approved by the credit reference industry regulatory department under the State Council during the credit business application period and business continuity period of Party B for the application of
Party B’s credit business and the follow-up management. Party B agrees and authorizes Party A to, in accordance with the provisions of the Administrative Regulations on the Credit Reporting Industry,
submit Party B’s enterprise information and credit information, including but not limited to credit loan information and information that negatively affects the credit status of the information subject, to the Financial Credit Information Basic
Database and other credit reference institutions whose establishment is approved by the credit reference industry regulatory department under the State Council. 

9. Please fill in the option box with “ “ for the option determined on a unified basis.✓ 

10. The disputes arising during the performance of the Contract by both parties shall be settled through negotiation between the parties; if the
negotiation fails, the following Item (2) shall be applied: 

  
 12 

 (1) Apply for arbitration to      in accordance with the arbitration rules then
effective. The arbitral award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where Party A is
located. 
 11. The Contract shall be governed by the laws of the People’s Republic of China. 

12. The Contract shall become effective after it has been signed by both parties (it shall be signed or sealed by the authorized signatory and sealed with the
official seal). 
 13. The original of the Contract is made in quintuplicate, with two for Party A and one each for Party B, ☐ the guarantor and
☐ the registration authority. 
 Party B hereby confirms that it has carefully reviewed and fully understood all the terms and conditions of the
Contract, and signing the Contract is its true declaration of intention. 
 Party A (Seal): 

Signature of person in charge or entrusted agent: 
 June 15,
2018 
 Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/ Leng Peidong 
 Party B (Seal): 

Signature of legal representative or authorized agent: 

June 15, 2018 
 Shanghai Tong Gou Information Technology Co.,
Ltd.(seal) 
 /s/ Wang Wei 

  
 13 

 Comprehensive Credit Line Contract 

 
  

 Comprehensive Credit Line Contract 

Contract number: PINGAN BANK (SHANGHAI) Z No. A454201806140001 

Party A (the granter of line of credit): Ping An Bank Co., Ltd., Shanghai Branch 

Domicile (address): 1333 Lujiazui Ring Road, Pudong New Area, Shanghai 

Legal representative (principal): Leng Peidong 
 Phone:
**** 
 Party B (the applicant for line of credit): Shanghai Tong Gou Information Technology Co., Ltd. 

Domicile (Address): Room 302, 3/F, 1000 Tianyaoqiao Road, Xuhui District, Shanghai 

Legal representative: Wang Wei 
 Phone: **** 

Party B applies to Party A for a comprehensive credit line, and the two parties hereby enter into this contract upon mutual agreement in accordance with the
Contract Law and relevant laws and regulations. 
 Article 1 Line and Type of Credit 

1.1 Party A agrees to extend the comprehensive credit line of (currency) RMB (in number) 4,200,000.00 (in words) four million and two hundred thousand only.
Such credit line can be granted in multiple currencies. The currency exchange rate other than RMB is converted at the exchange rate quoted by Party A when each specific business actually occurs. 

1.2 The length of maturity comprehensive credit line shall be item 2 below: 

(1) From                     to
                     . 
 (2) Twelve months ✓, as
of the effective date of this contract. 
 Within the length of maturity, the credit line can be recycled, however, the total balance of various credit
types within the line shall not exceed the sum of the comprehensive credit line. ✓ When the credit line expires, the unused part will automatically become invalid. 

The length of maturity of credit line shall mean the specific credit extending period under the credit line (i.e. the determination period of the
creditor’s right), of which the commencement date must be within the length of maturity while the specific termination date may be later than such length. The commencement date and closing date of any specific credit extension shall be subject
to the provisions of the specific credit extension business contract. 
 1.3 The credit line shall be extended in the following ways but not limited to:

 Loan, borrowing, bill acceptance and discount, overdraft, factoring, guarantee, loan commitment, establishment of a letter of credit, gold lease,
derivative products, etc. 
 Among them, the basic types of derivatives include forwards, futures, swaps (swaptions) and options. Derivatives also include
structured financial instruments with one or more characteristics of forwards, futures, swaps (swaptions) and options. 
 1.4 The specific types/extension
method, amount, interest rate, rate and length of maturity under the credit line shall be subject to the single credit extension contract, loan IOU or other credit extension certificates. 

1.5 Transfer under the credit line 

 Party B agrees to transfer this credit line to the following third party for use (i.e., the following
subject may also use this line of credit), and shall be jointly and severally liable for all principals, interests, penalty interests and compound interests of the debts (including contingent debts) incurred by the following subject under this line,
expenses for realizing the creditor’s right (including but not limited to litigation fees, lawyers’ fees, notarization fees, execution fees, etc.), and other losses and expenses caused to Party A by the debtor’s default. The guarantee
period shall start from the effective date of the specific credit extension contract until two years after the expiration of the debt performance period stipulated in the specific credit extension contract (including the early maturity of the debt).

 Specific target and amount of credit transfer: 
  

							
	☐	  	 (transferee), amount: (equivalent)
	  	 (currency) (in words)
	  	;                                   
                         
	☐	  	 (transferee), amount: (equivalent)
	  	 (currency) (in words)
	  	;                                   
                         
	☐	  	 (transferee), amount: (equivalent)
	  	 (currency) (in words)
	  	;                                   
                         
	☐	  	      

	    
	    

 Article 2 Use of Credit Line 

2.1 The signing of this contract by both parties does not constitute Party A’s credit extension commitment to Party B. Party B shall submit a written
application to Party A in a case-by-case basis for the specific credit extension business under the credit line. Party A shall have the right to independently decide
whether or not to issue the credit line to Party B. If Party A agrees to issue any single credit extension after examination, the parties shall sign a separate single credit extension contract according to the nature of business. 

2.2 Conditions precedent for the use of credit line: 
 (1) Party
B has completed government licensing, approval, registration and delivery and other legal procedures (if any) with respect to the credit extension hereunder in accordance with relevant laws and regulations; 

(2) The relevant guarantee contract has been in force (if any); 

(3) Party B has paid all the fees related to this contract (if any); 

(4) Party B has met the credit extension conditions stipulated herein; 

(5) There are no adverse changes in the operation and financial status of Party B and the guarantor (if any); 

(6) The repayment willingness of Party B and the guarantee willingness of the guarantor (if any) have not changed; 

(7) Party B has not violated any provisions hereof. 
 2.3 Party
A has the right to adjust the amount of credit line according to the exchange rate or require Party B to provide additional guarantee. 
 2.4 Party A shall
have the right to supervise the use of credit line and the purpose of credit funds, and Party B shall offer cooperation. 
 2.5 Before or during the use of
the credit line, if Party A is unable to let Party B to use such line due to the change of national macro-control policies, the requirements of Party A’s regulatory department on Party A to control the credit scale or credit direction, or other
reasons not attributable to Party A, it has the right to suspend or terminate the use of this line and terminate this contract, and Party B has no objection to this. 

Article 3 Repayment 
 3.1 Party B shall
open an account with Party A and deposit the payable amount into the account before the agreed repayment date. 
 3.2 Party B shall fulfill the debt on
schedule upon expiration of each credit extension within the credit line. Or otherwise it will be treated as overdue credit or disbursement. 

 3.3. Party B hereby irrevocably authorizes Party A to deduct the principal and interest of credit extension
and related fees which are due within the credit line from any account opened by Party B in any establishment of Ping An Bank. 
 Article
4 Party B’s Statements and Undertakings 
 4.1 Party B is a legally incorporated, validly existing company with good reputation in the jurisdiction
where it is located and has all corporate rights and government permission and approval to engage in the business it is engaged in. 
 4.2 Party B has
completed all the authorization and examination and approval required to sign this contract. The signing of this contract is the true intention of Party B and will not result in the violation of the agreement or commitment it has signed with any
third party. Party B did not violate any laws, regulations and rules concerning environmental protection, energy conservation, emission reduction and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws,
regulations and rules after signing the Contract. 
 4.3 Except for the written notice given to Party A before signing this contract, Party B shall not have
any litigations, arbitrations, executions, appeals, reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 

4.4 Party B shall, within the time limit required by Party A, provide the financial statements, all bank accounts and the balance of deposits and loans as
well as other relevant information required by Party A, and ensure that the documents and materials provided are true, complete and objective, and contain no false records, misleading statements or major omissions, and that the financial statements
are prepared in strict accordance with Chinese accounting standards. 
 Article 5 Party B’s Rights and Obligations 

5.1 If Party B opens an account with Party A, it shall have priority in handling deposit, settlement and other services with Party A. 

5.2 If Party B is a group customer, it shall submit a written report to Party A within ten days after the occurrence of the affiliated transaction with a net
asset of more than 10%, which shall include the relationship between the trading parties, the transaction items and the nature of the transaction, the transaction amount or corresponding proportion, and the pricing policy (including the transaction
with no amount or only token amount). 
 Group customers refer to enterprises and institutions that: 

(1) directly or indirectly control or are controlled by other enterprises or institutions in equity or operation; 

(2) are jointly controlled by third party enterprises or institutions; 

(3) are controlled directly or indirectly by major investors, key managers or close family members (including direct kinship up to three generations and
collateral kinship up to two generations); 
 (4) have associated relationships, and, of which assets and profits may not be transferred in accordance with
the principle of fair price, are therefore regarded as group customers for credit management. 
 5.3 In case of any of the following circumstances, Party B
shall notify Party A in writing thirty days in advance. If Party A considers that the performance hereof may have a significant impact, Party B shall obtain Party A’s written consent before proceeding: 

(1) Major changes have taken place in management system, equity structure, form of property right organization and main business, including but not limited to
implementing contracting, leasing management, joint operation, shareholding reform, consolidation (merger) and acquisition, joint venture (cooperation), division, establishment of subsidiaries, custody (takeover), enterprise sale, transfer of
property rights, reduction of capital, etc.; 
 (2) Important assets of which value exceeds 10% of net assets are sold, donated, lent, transferred,
mortgaged (pledged) or otherwise disposed of; 
 (3) Dividends exceed 30% of the year’s after-tax net profits
or 20% of the total undistributed profits; 

 (4) Foreign investments newly added after the credit line comes into effect account for more than 20% of the
net assets; 
 (5) Debt terms with other banks are changed to prepay other long-term obligations; 

(6) Debts owed to Party B’s shareholders are repaid; 
 (7)
Application for credit extension from other banks, provision of guarantee to third parties, or reduction or mitigation of third-party debts, involving the amount of debts exceeding 20% of the net assets. 

5.4 Party B shall notify Party A in writing within seven working days upon the occurrence or possible occurrence of the following matters, and Party A shall
have the right to decide whether to require Party B to provide additional guarantee or directly recover all the loans according to the specific circumstances of the matters: 

(1) The business and financial conditions of Party B or the guarantor deteriorates, or major financial losses, asset losses (including but not limited to the
asset losses arising from its external guarantee) or other financial crisis occur to Party B or the guarantor; 
 (2) Party B is subject to administrative
penalties, criminal sanctions or major legal disputes due to its illegal operation; 
 (3) Party B, its shareholders or actual controllers, legal
representatives or main management personnel of the guarantor are involved in major cases or major assets of the same are subject to compulsory measures such as property preservation or administrative penalties or criminal sanctions, or other events
that have prevented them from performing their duties properly have occurred; 
 (4) Party B or the guarantor provides a guarantee to a third party, which
has a material adverse impact on its financial situation or ability to perform its obligations hereunder; 
 (5) Party B or the guarantor is subject to
division, consolidation, major merger, acquisition and reorganization, major assets disposal, capital reduction, shutdown, suspension of business for rectification, liquidation, restructuring, cancellation, dissolution, bankruptcy or revocation of
business license, etc.; 
 (6) The value of the collateral is obviously reduced, lost or disputed in ownership, or it is sealed, detained, frozen, deducted,
retained or auctioned; 
 (7) Other major events or breach events that can affect the business activities of Party B, guarantor and the loan security of
Party A. 
 5.5 If Party B changes its domicile, mailing address, contact number, business scope, legal representative and other matters, it shall notify
Party A in writing within seven working days after the change. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to the notices and
documents of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the execution of the
case) according to the original address and mailing address. 
 5.6 Party B shall maintain a reasonable financial ratio during the period of use of the
credit line. 
  

			
	☐      The financial indicators within the period of use meet the following standards: 	 	 

	
	  

	  

 ☐ 5.7 Party B agrees to abide by the following provisions if it transacts the “Yidaitong” business: 

(1) Party B shall open a settlement account with Party A, among which, for three types of pledge loans of export tax refund account, warehouse receipt,
accounts receivable, Party B shall open a collection account with Party A and authorize Party A to directly deduct the funds in the collection account to repay this credit. 

(2) After the loan is issued, Party B shall open and use the enterprise e-bank products in Party A. 

(3) Party B undertakes to give priority to Party A in undertaking new mortgage and pledge financing. 

Article 6 Rights and Obligations of Party A 

 6.1 If the credit line is more than one year (excluded), Party A shall have the right to evaluate the
operation financial status and specific project progress of Party B and the guarantor (if any) according to the credit extension conditions stipulated herein from the second year after the line comes into effect, and adjust the credit amount, length
of maturity and interest rate according to the evaluation results. 
 If there is any collateral (pledge), Party A shall have the right to request an
appraisal agency recognized by Party A to evaluate the value of the collateral (pledge) annually. If the value of collateral (pledge) has decreased significantly and is not enough to guarantee the principal contract debt, Party A shall have the
right to require Party B to return part of the loan or provide other guarantee measures approved by Party A. 
 6.2 Party A has the right to request Party B
to provide information related to the credit line, enter Party B’s business premises, to investigate, review and check the use of credit line and Party B’s assets, financial status and business situation, for which Party B shall offer
cooperation, and to supervise Party B’s use of the loan for the purposes agreed herein. 
 6.3 Party A shall keep confidential the information provided
by Party B, unless otherwise stipulated by laws, regulations or regulatory authorities or otherwise agreed by both parties or the information provided by Party B does not constitute confidential information. 

Article 7 Liability for Breach 
 7.1 Any of
the following events shall constitute an event of default in this article: 
 (1) Interest arrears, overdue payment, disbursement or failure to use credit
extension funds for the purposes agreed by both parties; 
 (2) Party B’s violation of any representations, warranties and commitments made by it; 

(3) Party B’s violation of any of its obligations under this contract; 

(4) Party B’s concealment of important information that is true; 

(5) Party B or the guarantor evades or cancels the creditor’s rights of the bank through affiliated transactions or other means; 

(6) Party B or the guarantor is negligent in managing and pursuing the due claims, or disposes of its main property and other assets without compensation, at
an unreasonably low price or in other inappropriate ways, or otherwise evade its debts; 
 (7) Party B makes use of any false contracts and arrangements
with any third party, including but not limited to discounting or pledging claims such as notes receivable with no real trade background to obtain funds or credit from Party A or other banks; 

(8) Party B or guarantor violates other contracts (including but not limited to credit extension contracts, loan contracts and guarantee contracts) signed
with Party A or other banks or any debt securities issued by them; 
 (9) The guarantor of Party B violates the provisions of the guarantee contract
(including but not limited to guarantee contract, mortgage contract and pledge contract) or causes any event of default under the guarantee contract, or the guarantee contract is not effective, invalid or canceled. The value of the collateral is
obviously reduced, lost, disputed in ownership, or it is sealed, detained, frozen, deducted, retained or auctioned; 
 (10) Any of the matters set forth in
Articles 5.3 and 5.4 actually occur and Party A believes that it will affect the security of its creditor’s rights. 
 (11) The operation period of
Party B or the guarantor expires within the length of maturity of this credit line, and no extension procedures have been completed. 
 7.2 In case of any
breach of contract, Party A shall have the right to take the following measures: 
 (1) To adjust, cancel or terminate the comprehensive credit line under
this contract, or adjust the term and amount of the credit line; 
 (2) To announce the immediate expiration of all or part of the credit granted under this
credit line and require Party B to immediately repay part or all of the principal, interest and expenses of the credit extension, and from the date of the occurrence of the breach, collect the penalty interest at the penalty interest rate for all
the credit principal issued by it until Party B pays off all the credit principal. The expenses shall include but not limited to the attorney’s fees, legal fees, arbitration fees, travel expenses, announcement fees, delivery fees, execution
fees, transfer fees and other expenses paid by Party A to realize the creditor’s rights; 

 (3) To require Party B to deposit a margin in full to cover the outstanding acceptance, guarantee, letter of
credit and other credit extension services; 
 (4) To require Party B to provide new guarantee measures approved by Party A; 

(5) To directly deduct from the account of Party B and the guarantor to pay off all debts of Party B hereunder and under specific business contracts
(including debts required to be paid off in advance by Party A) without prior consent of Party B; 
 (6) To exercise the guarantee right and require the
guarantor to perform the guarantee liabilities or realize the creditor’s right by disposing of the collaterals and/or pledge; 
 (7) If Party A claims
the right of subrogation from Party B’s debtor according to law, or requests the court to revoke Party B’s waiver of its creditor’s rights due to it or transfer the property without compensation or at an obviously unreasonable low
price, Party B shall provide all necessary cooperation and assistance as required by Party A, and all expenses incurred by Party A shall be borne by Party B. 

(8) To take other relief measures as stipulated by laws, regulations and contracts. 

Article VIII Miscellaneous 
 (I) The
accounts receivable between Party B and the designated buyer shall not be pledged again to any third party other than Party A. 
 (II) The sole account of
payment collection between Party B and the designated buyer shall only be the agreed account of Party A. The enterprise that uses the funds authorizes Party A to inquire and collect its tax invoice information at any time during the business
duration, and to directly deduct the funds from the special account for the collection of funds to repay Party A for financing or fill in the credit exposure, or otherwise Party A has the right to recover the loan in advance. 

(III) Party B shall undertake to change the specified buyer’s payment collection account to the designated account of Party A within three months, and
shall transfer the money paid to other bank accounts by the designated buyer to the designated account of Party A within three days before the account is changed, or otherwise Party A has the right to recover the loan in advance. 

(IV) Party A has the right to conduct dynamic monitoring of the account opened by Party B with Party A, and, if any abnormal situation is found in the credit
extension business, to take measures including but not limited to freezing, stopping payment and canceling value-added services such as online banking. 

Article IX Supplementary Provisions 
 9.1
☐ Both parties agree to perform compulsory notarization of this contract 
 After the Contract has been subject to a notarization with enforcement
effect handled by both parties, if Party B does not perform or does not fully perform the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent
people’s court (i.e., the people’s court at the domicile of the person subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial
certificate and the execution certificate for enforcement. 
 ✓This contract is not subject to compulsory notarization 

9.2 Applications for single credit extension, credit extension contracts, loan IOUs, credit extension certificates relating to this contract and other
relevant documents and materials confirmed by both parties, and the letters of commitment, declarations and other documents unilaterally issued by Party B to Party A shall be an integral part of this contract with the same legal effect. 

9.3 Party B agrees and authorizes Party A to inquire Party B’s credit information from the basic database of financial credit information and other
credit investigation agencies established according to law during the application stage of Party B’s credit business and during the existence of Party B’s credit business, for purpose of Party B’s credit business application and follow-up management. Party B agrees and authorizes Party A to submit Party B’s enterprise information and credit information, including but not limited to credit information and other information that
negatively affects the credit status of information subject, to the basic database of financial credit information and other legally established credit investigation agencies in accordance with the Regulations on the Administration of the Credit
Reporting Industry. 

 9.4 All the determined options shall be determined by marking ✓ in the option box. 

9.5 Any dispute arising from the performance of this contract shall be settled by both parties through negotiation. If no agreement can be reached through
consultation, the settlement shall be made in accordance with item (2) below: 
 (1) Apply to    for arbitration in
accordance with the arbitration rules in force of the Commission at the time of application. The arbitral award is final and binding on both parties. 
 (2)
File a lawsuit to the people’s court of the locality where Party A is located. 
 (3) To file a lawsuit to the People’s
Court                . 
 9.6 This contract shall be governed by the laws of
the People’s Republic of China. 
 9.7 This contract shall come into force after it is signed by both parties (signed by the authorized signatory or
affixed with seal, together with official seal). 
 If Party B fails to use the credit line within three months from the effective date of this contract,
Party A shall have the right to unilaterally terminate this contract. 
 9.8 This contract is made in quintuplicate, with Party A holding two and Party
B’s ✓ debtors ☐ and registration authority holding one respectively. 
 Party B hereby declares that it fully understands the terms of
this contract (especially those in boldface) and the relevant terms of the guarantee contract and other relevant documents, and have obtained independent legal advice in this regard (if necessary). 

Party A(seal): 
 Legal representative (principal) or authorized
agent (signature): 
 Signed on: June 15, 2018 
 Seal
specific for contract on credit extension to legal person clients—Ping An Bank Co., Ltd., Shanghai Branch (seal) 

/s/                     

Party B (seal): 
 Signature of legal representative or entrusted
agent: 
 Signed on: June 15, 2018 
 Shanghai Tong Gou
Information Technology Co., Ltd. (seal) 
 /s/ Wang Wei 

 Supplementary Agreement to the Contract of Comprehensive Credit Line 

(Applicable under the orange financing business) 

Party A: Ping An Bank Co., Ltd., Shanghai Branch 

Address: 1333 Lujiazui Ring Road, Shanghai 
 Phone:
**** Fax:                         

Pincipal: Leng
Peidong    Position:                                 

Party B: Shanghai Tong Gou Information Technology Co., Ltd. 

Address: Room 302, 3rd Floor, 1000 Tianyaoqiao Road, Shanghai 

Phone:
                            Fax:
                         

Legal representative: Wang Wei     Postal code:
                              

This supplementary agreement is hereby entered into by and between the parties through consultation, in accordance with the provisions of Contract of
Comprehensive Credit Line (No.: PINGAN BANK (SHANGHAI) Z No. A454201806140001) between the parties, and subject to relevant national laws and regulations. 

Article 1 If Party B applies to Party A for online financing business through the electronic channels provided by Party A, the parties agree to perform their
obligations in accordance with the provisions of this supplementary agreement. 
 (1) The “Chengyi Financing Platform” referred to herein shall
mean an electronic financial service system developed and implemented by Ping An Bank designed to provide online services to all relevant participants in the financing business, with a view to providing customers with more efficient and convenient
financing, settlement, fund management, risk management, information services and other comprehensive financial products and services, and maximizing the realization of high transparency and sharing and business flow, logistics, capital flow,
information flow and other information, through the integration of the system with the bank’s internal credit management system, accounting treatment system, accounting system and other interacted systems, as well as the coordination and
sharing of data information with the relevant business partners. Also referred to herein as “Party A’s Platform”. 
 Subject to the different
business processes and operating rules set by Party A for different financial products and services, Party B can undertake various business operations by electronic signature through Party A’s electronic channels such as orangebank \ Online
Banking, including the submission, signing, confirmation and modification of various business applications (such as loan application, acceptance application, pledge application, repayment application, collateral replacement/disposal, guarantee
cancellation application and various information service application) and other relevant legal documents corresponding to relevant financial products and services through Party A’s Platform, and inquiry, statistics, early warning of business
application or treatment statuses using specific functions of Party A’s Platform. 
 (2) The term “Online Financing Business” herein refers
to financial products and services that all or part of the service functions corresponding to all or part of business processes and operating steps are successfully realized through Party A’s Platform. Including but not limited to: loan, loan
with customized line of credit, acceptance, discount, letter of credit, letter of guarantee and other basic financing products; inventory pledge and other financing by assets mortgage and pledge, factoring and other accounts receivable financing,
advance payment financing by invoicing/payment before shipping and other supply chain financing business; all kinds of settlement and information value-added services. 

  
 1 

 Article 2 Both parties hereby confirm that, before applying for the Online Financing Business, Party B shall
have signed an Agreement on Use of Ping An Bank Chengyi Financing Platform (hereinafter referred to as the “Agreement on Use of Platform”) with Party A and ensure the continued validity thereof. 

The parties undertake to complete the legal effect of various transactions and electronic order exchange in the form of electronic signature through Party
A’s Platform respectively: they acknowledge the manner to submit, confirm or sign any legal documents electronically through Party A’s Platform and the legal effect thereof, and undertake to follow the Digital Signature Law of the
People’s Republic of China and other relevant national laws and regulations and departmental regulations, the relevant provisions and standards of national information security level protection, and Internet technical specifications and
security specifications formulated by the state. 
 Article 3 When Party B applies for the loan and acceptance business under the Online Financing Business
stipulated in this supplementary agreement, Party A and Party B agree to abide by the “agreement on loan business”, “agreement on the draft acceptance” and other relevant provisions herein. 

(1) The parties agree that Party B shall transact the loan and acceptance business under the Online Financing Business through Party A’s Platform by
submitting the loan application and acceptance application to Party A through the platform, instead of separately signing a single loan contract or contract on draft acceptance, and that Party A will also review and confirm the applications through
the platform. 
 The parties hereby specify that Party A reserves the right to request Party B not to issue a single business application and sign a
specific credit extension contract according to the specific business development conditions, and Party A warrants that Party B’s principal debts hereunder and under any other relevant credit extension contract will not be increased due to the
signing form thereof. 
 (2) When Party B deals with specific credit extension businesses such as note discount, overdraft, factoring and issuing of letter
of credit under the Contract of Comprehensive Credit Line, it shall still sign a separate master contract for single credit extension business as required by Party A, or otherwise Party A will be entitled to refuse the credit extension application
from Party B. 
 (3) Party B shall also sign a paper capital payment and acceptance contract as required by Party A when dealing with loan and acceptance
business not through Party A’s Platform, or otherwise Party A shall be entitled to refuse the credit extension application from Party B, unless otherwise agreed by both parties. 

(4) Party A has the right to adjust the signing form of the contracts / business application forms and other legal documents of Party B to apply for handling
credit extension business under the Contract of Comprehensive Credit Line, and Party B promises not to raise any objections and is willing to cooperate unconditionally. 

(5) Within the effective period of the line stipulated in the Contract of Comprehensive Credit Line, if Party B electronically signs the business application
forms and other relevant legal documents hereunder with its orangebank / Online Banking customer name, customer certificate and password when applying for online financing business, and submits the business application to Party A through the
electronic channels provided by Party A (including but not limited to the use of Internet information technology, any electronic service platform or system provided by Party A), such business application, once confirmed by Party A, shall have the
legal effect as provided by currently effective laws of the People’s Republic of China, and binding on both parties. 
 If Party B applies to Party A
for business in the foregoing way, it undertakes that it has signed the user service agreement of orangebank and other electronic channels with Party A or otherwise required by Party A, and officially opened the service functions of orangebank and
other relevant electronic channels. 
 (6) Party A and Party B hereby confirm that the parties acknowledge the manner to submit, confirm or sign any legal
documents electronically and the legal effect thereof. And the parties undertake to follow the Digital Signature Law of the People’s Republic of China and other relevant national laws and regulations and departmental regulations, the relevant
provisions and standards of national information security level protection, and Internet technical specifications and security specifications formulated by the state. 

Article 4 Agreement on Loan Business 
 (1) Party B shall submit
any loan application to Party A through Party A’s platform when applying to Party A for a single loan business under online financing business as agreed in this supplementary agreement (see Appendix 1 for reference). The application confirmed
by Party A is an integral part of the Contract of Comprehensive Credit Line and the appendixes hereto, and shall be legally binding on both parties. 

  
 2 

 (2) If Party A requires Party B to provide full amount of guarantee (including but not limited to third
party guarantee, property mortgage and pledge provided by Party B or any third party) before Party A extends the loan to Party B, Party B shall provide guarantee in line with Party A’s requirements and ensure the continuous validity of the
guarantee. Both parties shall sign corresponding guarantee contracts and complete guarantee procedures, or otherwise Party A shall have the right to refuse to extend the loan. 

(3) When applying for loan business from Party A, Party B shall submit a loan application to Party A, specifying the loan amount, length of maturity, interest
rate, date of loan issuance and other loan elements, and such loan application shall be subject to the approval of Party A. 
 The parties hereby confirm
that, in the event of any discrepancy between any of the above elements involved in any loan hereunder and the actual loan issued by Party A to Party B and the elements recorded in the final Loan IOU, the actual system records of Party A shall
prevail. Both parties undertake not to raise any objections, nor refuse to assume the agreed obligations on such basis. 
 (4) Party B shall pay the margin
(if any) in the proportion and amount agreed by both parties, prior to actual extension of the loan to Party B, with the specific amount, proportion and interest rate applicable to the margin subject to the records in each loan application submitted
by Party B and verified by Party A. Where they are not specified in the loan application, Party A’s actual requirements shall prevail. 
 Any
additional margin added by Party B in the course of business handling shall be deemed to be an automatic modification of the relevant margin provisions hereof without the further confirmation by both parties. 

(5) In case of no special agreement, the loan under the single loan application will be issued by Party A to Party B at one time. 

(6) Loan interest rate 
 1. Except as provided in paragraph 5
below, the loan interest rate for any single loan hereunder shall be determined according to the following criteria, and the interest rate of the first installment of each loan shall be subject to the record of the loan IOU printed by the platform
(“ ✓” in the option): 
 ☐ The benchmark interest rate of the People’s Bank of China for loans of the same grade on the date of
loan issuance ☐ increased by/☐ decreased by    %. 
 ☐ The benchmark interest rate of the People’s Bank of
China for the same grade loan on the loan issuance date☐+/☐-    % (floating point). 
 ☐ The benchmark interest rate
of the People’s Bank of China for loans of the same grade on the date of loan issuance. 
 ☐ ☐ LIBOR ☐ HIBOR on the date of loan
issuance ☐+/☐-(base point) (only applicable to foreign exchange loans). 
 ☐ The benchmark interest rate of LPR loans of the same grade on
the date of loan issuance ☐ increased by/☐ decreased by    %. 
 ☐ The benchmark interest rate of LPR loans of the
same grade on the date of loan issuance ☐+/☐-    (floating point). 
 ☐ The benchmark interest rate of LPR loans of
the same grade on the date of loan issuance. 
 2. The adjustment method for the loan interest rate under the Contract is (please fill in the option box
with “✓”): 
 ☐ Floating by                
(month/quarter/half a year/year). The adjustment day of interest rate shall be                below: 

1                (on a monthly/quarterly/semiannual/annual basis) The
date corresponding to the date of the loan issuance. If there is no corresponding date, it shall be the end of the corresponding month. 
 2 January
1st of each year. 
 ☐ A fixed interest rate will be applied regarding the Contract during the loan term. 

Where the loan interest rate fluctuates, the interest will be charged at the adjusted interest rate from the date of interest rate adjustment. However, in
case of repayment in installments (including equal repayment on schedule and decreasing repayment on schedule), the interest will still be charged at the interest rate before adjustment for the period in which the interest rate is adjusted, and the
interest rate will be charged at the adjusted interest rate from the next period. 

  
 3 

 3. If the benchmark interest rate is adjusted for more than one times, Party A shall adjust the latest
benchmark interest rate accordingly. If the People’s Bank of China adjusts the floating range of the benchmark interest rate, causing the agreed lending rate to be lower than the lower limit of the interest rate stipulated by the People’s
Bank of China, the interest rate of the loan hereunder shall be adjusted to such lower limit of the interest rate. Where the People’s Bank of China no longer publishes the benchmark interest rate, the loan interest rate under the Contract will
be adjusted to the industrial recognized loan interest rate or usual same-grade loan interest rate over the same period, unless otherwise agreed by the parties. 

4. If the state changes the method of interest rate determination, adjustment and interest calculation, the relevant provisions of the state shall apply. 

5. Party A will not further notify Party B of the above interest rate adjustment. 

6. If the loan interest rate applicable to any single loan hereunder is inconsistent with that recorded in each loan application submitted by Party B and
confirmed by Party A, the latter shall prevail. 
 Prior to the issuance of any single loan, Party A shall have the right to negotiate with Party B
the specific applicable loan interest rate as the case may be. If both parties fail to reach an agreement, Party A shall have the right to refuse to extend the loan. For a specific single loan business, if the loan interest rate agreed by both
parties is inconsistent with the standards and rules agreed in paragraphs (1) to (4) above, the agreed interest rate shall prevail. 
 (7)
Calculation and settlement of loan interest 
 1. Calculation of loan interest 

The interest shall be calculated according to the actual amount of the loan and the actual length of maturity as of the date when the loan is actually issued.
The interest rate on the loan hereunder is calculated on a daily basis. The daily interest rate in Pound Sterling and Hong Kong dollars = annual rate /365 and the daily interest rate in other currencies = annual rate /360. 

2. Settlement of loan interest 
 Both parties agree to settle
the interest on the 20th of each month. Party B shall make the payment of interest by ☐ month ☐ quarter ☐ year ☐ others. The loan maturity date is the last interest settlement date, and the interest should
be fully paid upon the repayment of the principal. 
 (1) The interest is paid monthly, and the date of settlement is the 20th day of each month. 

(2) The interest is paid quarterly. The first interest settlement date is the first 20th day after the date of issue of the loan. Interest is paid every three
months from the first interest settlement date. 
 (3) The interest is paid annually. The first interest settlement date is the first 20th day after the
date of issue of the loan. Interest is paid every twelve months from the first interest settlement date. 
 (4) Interest paid in other
ways,                    . 
 If the interest
settlement method applicable to any single loan hereunder is otherwise clearly specified in the loan application confirmed by Party A, the latter shall prevail. 

3. Party B shall deposit the interest payable into the designated account before each interest settlement date, and Party B authorizes Party A to deduct
directly from any account opened by Party B in Party A’s banking system. If Party B is unable to pay interest on time and in full, a compound interest shall be charged at the penalty interest rate stipulated in the Appendix from the next day of
expiration. 
 (8) Issuance and payment of loan 
 1.
Party A shall have the right to review the following matters before issuing the loan and decide whether to issue the loan or not based on the review results: 

(1) Whether or not Party B has completed government licensing, approval, registration and delivery and other legal procedures (if any) with respect to the loan
hereunder in accordance with relevant laws and regulations; 
 (2) Whether or not the relevant guarantee contract is in force (if any); 

  
 4 

 (3) Whether or not Party B has paid all the fees related to this contract (if any); 

(4) Whether or not Party B meets the loan conditions stipulated herein; 

(5) Whether or not there are any adverse changes in the operation and financial status of Party B and the guarantor (if any); 

(6) Whether or not the repayment willingness of Party B and the guarantee willingness of the guarantor (if any) have changed; 

(7) Whether or not Party B violates any provisions hereof. 

2. In the process of loan payment, if Party A finds that Party B’s credit status is declining or its main business profitability is not strong, or
abnormal use of loan funds occurs, it has the right to change the payment method of the loan or cease the issuance and payment of the loan funds. 

3. Prior to the issuance of the loan, if Party A is unable to issue the loan hereunder due to the change of national macro-control policies, the
requirements of Party A’s regulatory department on Party A to control the credit scale or credit direction, or other reasons not attributable to Party A, it has the right to cease the issuance or terminate this contract, and Party B has no
objection to this. 
 4. The disbursement of any single loan shall meet all regulatory requirements, and the loan funds are generally paid in the
following three ways: 
 (1) Full loan entrustment payment, meaning that Party A shall pay the loan funds through Party B’s account to Party
B’s counterparties meeting the agreed purpose according to the loan application and payment entrustment of Party B. 
 (2) Partial loan entrustment
payment, meaning that, if the payment object is clear and the single payment amount is more than a certain amount, Party A shall, according to Party B’s application and payment entrustment, pay the loan funds through Party B’s account
to Party B’s counterparties meeting the agreed purposes. The rest of the loan funds shall be paid by Party B independently, that is, Party A shall release the loan funds to Party B’s account according to Party B’s application,
and Party B shall pay the same to Party B’s counterparties meeting the agreed purposes. 
 (3) Full independent payment, meaning that Party A
shall transfer the loan funds to Party B’s account according to the application of Party B, and Party B shall pay the loan funds to Party B’s counterparties meeting the agreed purpose on its own. 

5. Both parties agree on the payment management of loan funds in accordance with the following provisions 

(1) Where, it is clearly stipulated in other relevant business agreements signed by both parties that any loan funds granted by Party A to Party B shall be
transferred to Party B’s counterparties, both parties agree to transfer the payment of the loan funds in accordance with “full loan entrustment payment”; 

(2) If there is no other agreement, Party B agrees that, when the single payment amount reaches more than
RMB                (included), the payment amount must be paid directly to Party B’s counterparties in the form of “full loan entrustment payment”; 

(3) If any single loan application confirmed by Party A contains other specific provisions on the payment method of loan funds, the provisions in the loan
application shall prevail; 
 (4) If the entrustment payment method is adopted, Party B may ask Party A to pay the loan funds only if the following
payment conditions are met: 
 1 Party B has submitted the payment application form and corresponding business contract and other supporting materials
as required by Party A, and the transaction object and payment amount listed in the payment application form are consistent with the supporting materials; 

2 The application for payment conforms to the loan purpose stipulated herein; 

3 Party B authorizes Party A to pay the loan funds to any specific transaction object; 

Party A has the right to review whether the information on the payment object, payment amount and other information listed in the payment application provided
by Party B is consistent with the corresponding business contract and other evidentiary materials, and has the right to reject the payment application that does not meet the loan purpose as stipulated herein. 

  
 5 

 (5) If the independent payment method is adopted, Party B shall give a monthly written summary of the loan
fund payment to Party A after the loan is issued, providing the transaction object, payment amount and other information as required by Party A and relevant business contract and other supporting materials as required by Party A. 

Party A has the right to verify whether the payment of the loan funds meets the agreed purpose through account analysis, voucher inspection, on-site investigation and other methods, and Party B shall cooperate. 
 6. Change of Payment Method and Triggering
Condition of Changes 
 In case of any of the following circumstances, Party A shall have the right to adjust the entrusted payment standard or change
the payment method to full entrustment loan payment: 
 (1) In case of independent payment, Party B fails to make a regular summary of the loan fund
payment to Party A as agreed, or refuses to cooperate with Party A to check whether the loan payment conforms to the agreed purpose through account analysis, voucher inspection or on-site investigation or
otherwise; 
 (2) Party B evades the entrustment payment of Party A by breaking up the whole into parts, in violation of the provisions of this contract;

 (3) Party B’s credit status decreases or its main business profitability is not satisfying; 

(4) Abnormal use of loan funds; 
 (5) Regulatory authorities
adjust the entrustment payment standard. 
 7. Account Management 

Through negotiation, Party B agrees to open the following account with Party A for Party A’s monitoring: 

(1) Party B agrees to open a loan issuing account with Party A as required by Party A, with the account name
of                and account number of                . The issuance and withdrawal of
loan funds shall be handled through this account. Party A has the right to dynamically monitor the account. When an abnormal situation is found, Party A has the right to take measures including but not limited to freezing and stopping of payment.

 2. Party B agrees to open an account for fund return at Party A as required by Party A (fill in the “☐” with
“✓”). 
 ☐ The fund withdrawal account shall be the same as the loan issuance account in item 1 

☐ The fund withdrawal account shall have the account name
of                and account number of                . 

The withdrawal of funds from the account shall comply with the following provisions: 

      
  

      
  

In the event that Party B fails to repay the loan owed to Party A in time, Party A shall have the right to deduct funds from the fund withdrawal account
opened by Party B at Party A and from other accounts opened by Party B with Party A and its subsidiaries to repay the principal and interest of the loan. 

(3) Party B agrees that Party A has the right to collect the loan in advance depending on Party B’s fund withdrawal. 

(4) In case of any discrepancy between the loan issuing account mentioned above and the record in the single loan application, the record in the loan
application shall prevail. Party B undertakes not to raise any objections on the basis of the inconsistency between the loan issuance account and/or the receiving account under the single loan amount provided that Party A has actually extended the
loan to Party B, and that the actual debt-creditor relationship between the two parties will not be affected in any way. 
 (9) Repayment of loan 

1. Party B shall repay all principal and interest of the loan on the maturity date, and if the repayment is unable to be made as scheduled, it shall notify
Party A at least one month in advance and negotiate with Party A on the repayment. 
 2. Party B shall repay the principal and interest of the loan in
accordance with the repayment method specified in item                below: 

  
 6 

 (1) Repayment of principal by installments: 

☐ Repayment by ☐month ☐quarter ☐year. The amount of principal payable for each installment shall be subject to the record on Party
A’s Platform. 
 ☐
Others                                        
                    . 
 (2) One-time repayment of principal at maturity. 
 3. The principal repayment date shall be the interest settlement date of
each month from the month when the loan is issued, in case of principal repayment on a monthly basis, or the interest settlement date every three months after the loan is made, in case of principal repayment on a quarterly basis, or the interest
settlement date every twelve months after the loan is made, in case of principal repayment on an annual basis. 
 4. Party B shall open an account with
Party A and deposit the payable amount into the account before the agreed repayment date. 
 5. Party B shall repay the principal and interest of the loan
hereunder in full and on time. If any of the installments fails to be paid in full and on time, Party A shall have the right to require Party B to repay all the loans, and to calculate and collect penalty interest on all overdue loans as of the
overdue date. 
 6. Party B hereby irrevocably authorizes Party A to deduct all the loan principal and interest due or due in advance from the
account opened by Party B in Ping An Bank. 
 7. If Party B needs to make repayment in advance, it shall submit a written application to Party A
thirty days in advance for Party A’s written consent. The written application for prepayment shall be irrevocable upon the written consent of Party A. 

☐ If Party B makes repayment in advance, it shall pay compensation to Party A. Such compensation shall be paid by Party B to Party A, together
with the prepayment principal and the interest payable. The compensation shall be calculated as the amount of prepayment * the number of days in advance * the agreed interest rate herein. The compensation amount shall be calculate and collected by
half according to actual number of days in advance, in case of less than thirty days, or be calculated and collected by thirty days in case of more than thirty days. 

(10) Party B shall truthfully provide the documents and materials required by Party A, together with all bank accounts and the balance of margins and loans,
and cooperate with Party A in the investigation, review and inspection. 
 (11) Special provisions on liability for breach of contract 

In the event of any breach listed in the Contract of Comprehensive Credit Line, or Party B’s failure to use the loan funds as agreed, or evasion of the
entrustment payment stipulated in “loan issuance and payment” herein by breaking up the whole into parts, Party A will be entitled to take the following measures: 

1. To cease or terminate any amounts not yet disbursed under the contract of line of credit; 

2. To announce the early maturity of the credit extension and require Party B to immediately repay part or all of the principal, interest and expenses of the
credit extension, and from the date of the occurrence of the breach, collect the penalty interest at the penalty interest rate for all the credit principal issued by it until Party B pays off all the credit principal; 

The expenses shall include but not limited to the attorney’s fees, legal fees, arbitration fees, travel expenses, announcement fees, delivery fees,
execution fees, transfer fees and other expenses paid by Party A to realize the creditor’s right. 
 3. To require Party B to provide new guarantee
measures approved by Party A; 
 4. To adjust the amount, length of maturity and interest rate of the loan according to the risk of the loan, and change the
repayment method to entrustment payment; 

  
 7 

 5. To directly deduct from the account of Party B and the guarantor to pay off all debts of Party B
hereunder and under specific business contracts (including debts required to be paid off in advance by Party A) without prior consent of Party B; 
 6. To
exercise the guarantee right and require the guarantor to perform the guarantee liabilities or realize the creditor’s right by disposing of the collaterals and/or pledge. 

7. Where Party B fails to repay the principal and interest of the loan as agreed upon when the loan expires or expires in advance, Party A shall have the
right to calculate and collect interest at the penalty interest rate of 50% of the loan principal according to the loan interest rate agreed herein from the date of the actual overdue days, and calculate the compound interest at a penalty interest
rate where there is any interest that fails to be paid on time. 
 8. If Party B misappropriates the loan, Party A shall have the right to charge 100%
penalty interest rate on the loan principal according to the loan interest rate agreed herein, starting from the date of misappropriating the part used in breach, and calculate the compound interest at a penalty interest rate where there is any
interest that fails to be paid on time. In both cases of overdue repayment or misappropriation, the penalty interest or compound interest (whichever is higher) shall be collected. 

If the payment for loan principal or interest is overdue for a period less than 90 days (including 90 days), the loan repayment order is: (1) fees; (2)
interest (including penalty interest and compound interest); (3) principal. If the payment for loan principal or interest is overdue for a period more than 90 days, the loan repayment order is: (1) fees; (2) the principal; (3) interest
(including penalty interest and compound interest). 
 9. If Party A claims the right of subrogation from Party B’s debtor according to law, or
requests the court to revoke Party B’s waiver of its creditor’s rights due to it or transfer the property without compensation or at an obviously unreasonable low price, Party B shall provide all necessary cooperation and assistance as
required by Party A, and all expenses incurred by Party A shall be borne by Party B. 
 10. To take other relief measures as stipulated by laws,
regulations and contracts. 
 Article V Agreement on Draft Acceptance 

(I) Party B shall submit any acceptance application to Party A through Party A’s platform when applying to Party A for a single draft acceptance under
online financing business as agreed in this agreement (see Appendix 2 for reference). The application confirmed by Party A is an integral part of the Contract of Comprehensive Credit Line and the appendixes hereto, and shall be legally binding on
both parties. 
 (2) If Party A requires Party B to provide full amount of guarantee (including but not limited to third party guarantee, property mortgage
and pledge provided by Party B or any third party) before Party A accepts the commercial draft issued by Party B, Party B shall provide guarantee in line with Party A’s requirements and ensure the continuous validity of the guarantee. Both
parties shall sign corresponding guarantee contracts and complete guarantee procedures, or otherwise Party A shall have the right to refuse to accept the commercial draft issued by Party B. 

(3) When Party B applies to Party A for handling the draft acceptance, it shall submit an acceptance application to Party A, clearly recording the amount of
draft, the draft term, the draft date, the draft maturity and other elements, which application shall be verified by Party A. 
 The parties hereby
confirm that, if the draft information and recording elements relating to any draft acceptance business hereunder are inconsistent with the relevant elements of the draft finally accepted by Party A, the draft information recorded in the commercial
draft finally accepted by Party A shall prevail. Both parties undertake not to raise any objections and shall not refuse to assume the agreed obligations on this basis. 

(4) Before Party A accepts the commercial draft issued by Party B, Party B shall provide Party A with the following guarantee (“ ✓
” for “☐” before the option to be selected, multiple choices are allowed): 
 ☐ The margin shall be paid in accordance with the
proportion and amount agreed by both parties, as the guarantee of the margin pledge provided by Party B to Party A. The specific margin amount, proportion and interest rate applicable to the margin subject to the records in each acceptance
application submitted by Party B and verified by Party A. 

  
 8 

 Any additional margin added by Party B in the course of business handling shall be deemed to be an automatic
modification of the relevant margin provisions hereof without the further confirmation by both parties. 
 ☐ Wang Ying, Zeng Qingchun and Shanghai
Ecmoho Health Biotechnology Co., Ltd. act as the guarantors, bearing joint and several guarantee responsibilities and signing the relevant guarantee contracts. 

☐ As the mortgagor/pledgor, Shanghai Tonggou Residence Technology Co., Ltd. provides the mortgage/pledge of the receivables (property) of Beijing
Jingdong Century Information Technology Co., Ltd., Beijing Jingdong Century Trading Co., Ltd. and Zhejiang Tmall Technology Co.,Ltd. which it owns or has the right to dispose according to law, and signs the relevant guarantee contracts and completes
relevant guarantee procedures. 
  

☐                        
                                         
                                         
                                         
                                         
                                         
             
   

 
   

 
 (5) Before the maturity of the draft hereunder, Party
B shall ensure that the bank acceptance draft payable shall be paid in full to the account designated by Party A. 
 (6) Upon maturity of the draft accepted
by Party A hereunder, Party A shall unconditionally pay the full amount of the draft to the payee or holder in due course. 
 (7) Upon maturity of the draft
accepted by Party A hereunder, if Party B fails to pay the full amount of the draft, Party A shall have the right to charge interest penalty with respect to the insufficient amount (i.e., disbursement made by Party A) at the rate of 0.05% per day
from the date of actual disbursement by Party A, which interest penalty shall be calculated and collected according to the actual number of disbursement days (daily interest rate = annual interest rate /360). 

The disbursement accounting certificate issued by Party A is a valid certificate of the debt owed by Party B, and Party B has no objection to it. 

(8) Any dispute between Party B and the draft holder shall be handled by the two parties, provided that Party B’s obligations hereunder shall not change
in any way. 
 (9) Party B warrants that the margin provided by it is its own monetary fund, and the margin must be transferred into a special margin
account specially for the payment of bank notes, and shall not be transferred out of the margin account or used for other purposes 
 Party B undertakes to
provide Party A with the copies of the corresponding VAT invoice/invoice within two months after the draft is issued, and provide the originals for Party A to review. 

(10) For any bank acceptance draft transaction hereunder, Party B shall pay Party A an acceptance fee of 0.0    % of the face value. For
any acceptance transaction not performing this rate, the rate recorded in the acceptance application submitted by Party B and verified by Party A (and other valid legal documents) shall prevail. 

The acceptance fee hereunder shall be paid by Party B in a lump sum when Party A conducts any single acceptance business for Party B. Party B hereby
authorizes Party A to deduct from the bank account designated by Party B in the acceptance application. If Party A withdraws the aforesaid amount from other accounts opened by Party B in Party A’s banking system, Party B shall undertake not to
raise any objections. 
 (11) Special provisions on liability for breach of contract 

In case of any breach under the Contract of Comprehensive Credit Line, Party A shall have the right to take the following measures: 

(1) Drafts not yet accepted shall cease to be accepted; 
 (2) To
require Party B to immediately make up 100% of the balance of all accepted drafts for payment upon maturity; 
 (3) To require Party B to provide new
guarantee measures approved by Party A; 
 (4) To require Party B to immediately pay off the principal, interest and expenses of the acceptance
disbursement; 

  
 9 

 Party A shall have the right to directly deduct from any account opened by Party B to pay off Party B’s
debts hereunder. Where the amount of such deduction is insufficient to pay off all debts of Party B, and the repayment of disbursement is less than 90 days (included) overdue, the principal and interest thereof shall be repaid in the following
order: 1. expenses; 2. interest (including any penalty interest and compound interest); 3. principal. If the repayment of disbursement is more than 90 days overdue, the principal and interest thereof shall be repaid in the following order: 1.
expenses; 2. principal; 3. interest (including any penalty interest and compound interest). 
 (5) To exercise the guarantee right and require the guarantor
to perform the guarantee liabilities or realize the creditor’s right by disposing of the collaterals and/or pledge; 
 (6) If Party A claims the right
of subrogation from Party B’s debtor according to law, or requests the court to revoke Party B’s waiver of its creditor’s rights due to it or transfer the property without compensation or at an obviously unreasonable low price, Party
B shall provide all necessary cooperation and assistance as required by Party A; 
 (7) To take other relief measures as stipulated by laws, regulations and
contracts. 
 Article 6 Tax Related Terms 
 (1)
Composition of contract price 
 All the expenses and prices involved herein have included VAT. 

(2) Assumption of taxes 
 If any additional tax costs of the
transaction are incurred or increased due to changes in Chinese tax laws and regulations, Party A has the right to charge Party B a VAT applicable to the business in addition to the contract price for the VAT taxable business involved hereunder,

 (3) Terms of invoice 
 Party A will not issue the VAT
invoices until it receives the relevant payment from Party B. If Party B requires Party A to issue a VAT invoice, it shall submit the request to Party A
within                month(s) after the payment is made, and Party B shall provide Party A with the following invoice issuing information. Any delay shall be deemed as
an automatic waiver of the invoice issuing request: 
 Company
name:                                        
                                         
                            

Taxpayer’s registration
number:                                        
                                         
                
 Bank
name:                                        
                                         
                                

Account
number:                                        
                                         
                                    

Address:                        
                                         
                                         
               

Phone:                         
                                         
                                         
      
 (4) Handling of invoice specific matters 

Except as otherwise stipulated in the Contract, from the date of implementation of the policy of value-added tax in lieu of business tax, when both parties
have the need to cooperate with each other in the aspects of the issuance, delivery, custody, invalidation and write-off in red ink of the value-added tax invoice, they may, upon consensus, do their utmost to
cooperate with each other to properly resolve the foregoing matters. 
 Article 7 With respect to matters of which any agreement or special agreement
concerning the amount, term, transfer of credit under the comprehensive credit line, breach of contract and liability for breach, dispute resolution and applicable law, statement and undertaking by both parties, the provisions in the Contract of
Comprehensive Credit Line shall prevail. 
 Party A and Party B hereby confirm that, if the appendix attached hereto is inconsistent with the text format
and relevant contents displayed on Party A’s Platform, the latter shall prevail. 
 Article 8 Other matters:
                                         
                                         
                                         
                                         
                                     

                          
                                         
                                         
                                         
                                         
                                         
         . 
 Article 9 This supplementary agreement shall come into force after it is signed by both
parties (signed by the authorized signatory or affixed with seal, together with official seal). 

  
 10 

 Appendixes: 1. Loan Application (Format) 

2. Acceptance Application (Format) 
  

			
	Party A (seal):	 	Party B (seal):
		
	Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal)	 	Shanghai Tong Gou Information Technology Co., Ltd. (seal)
		 	 Wang Wei (Signature)

	  
 Signature of person in charge or entrusted agent:

 

/s/                         
                 
	 	  
 Signature of legal representative or entrusted agent:

	  
 June 15, 2018
	 	  
 June 15, 2018

  
 11 

 Appendix 1: Loan Application (Format) 

(The version submitted by Party B through Party A’s Platform shall be subject to the one actually displayed and recorded on the platform) 

Loan Application 
  

									
	 	 	 	 	 
	
Credit

information
	 	Name of credit customer:	 	 	 	Name of lender:	 	 
	 	Number of Contract of Comprehensive Credit Line:	 	 	 	Type of financing:	 	 
	 	Line of credit:	 	 	 	Exposure limit of credit:	 	 
	 	Commencement date of credit extension:	 	 	 	Closing date of credit extension:	 	 
	 	Available line of credit:	 	 	 	Available exposure limit:	 	 
	 	Used line of credit:	 	 	 	Used exposure limit:	 	 
					
		 		 		 		 	
	 	 	 	 	 
	
Business
	 	Business number:	 	 	 	Loan currency:	 	 
	 	Loan amount:	 	 	 	Loan amount (in words):	 	 
	 	Floating mode of interest rate:	 	 	 	Application date of loan:	 	 
	 	Maturity date of loan:	 	 	 	Length of maturity:	 	 
	 	Interest deduction method:	 	 	 	Loan interest rate:	 	 
	 	Name of the borrower:	 	 	 	Bank account of the borrower:	 	 
	 	Bank name of the borrower:	 	 	 	 	 	 
	 	Amount of self-owned funds:	 	 	 	Minimum proportion of self-owned funds:	 	 
	 	Purpose of loan fund:	 	 	 	Designated bank settlement account:	 	 
	 	Whether to authorize the lending bank to transfer its self-owned funds
together with the loan amount to the payee’s account:
			
		 		 	
	 	 	 	 	 
	
Margin
	 	Usage type of initial margin:	 	 	 	Type of margin:	 	 
	 	Minimum proportion of initial margin:	 	 	 	Amount of initial margin:	 	 
	 	Proportion of actual margin:	 	 	 	 	 	 
	 	Margin account:	 	 	 	Interest accrual method of initial margin:	 	 
	 	Account number for margin deduction:	 	 	 	Balance of account for margin deduction:	 	 

  
 12 

	
	  

Statements and Undertakings

	1. This application is bound by the Contract of Comprehensive Credit Line (see the number below) signed
by the company and the financing managing bank.
	2. If the application is approved/passed, the length of maturity, commencement date of loan, loan
amount, loan interest rate or otherwise involved in the loan under the application shall be subject to the accounting documents related to the final issuance of the loan by the lender. The company authorizes the lender to transfer the loan directly
to the payee account recorded herein through the company’s account (the “Borrower’s Account” recorded herein). The company will print the relevant receipt of loan business through your bank’s system as accounting
voucher.
	3. For the self-owned funds provided by the company under this application (if any), the company
undertakes that as long as “yes” is selected in the option “Whether to authorize the lending bank to transfer its self-owned funds together with the loan amount to the payee’s account”, the lender shall be deemed to have the
right to transfer such self-owned funds from the “bank account of the borrower” recorded herein to the payee account recorded herein. The company ensures that the “bank account of the borrower” is fully available to pay the
amount to be transferred. Any disputes and responsibilities that may result from the insufficient account balance or other reasons not attributable to the lender affecting the payee’s timely and full payment, shall not be borne by the lender
and shall be resolved by the company itself.
	4. The “designated bank settlement account” recorded herein is the payment account determined
by the company for paying stamp duty, handling fee and other possible expenses to the lender. As of the date of this application, the company hereby irrevocably authorizes the lender the right to transfer the stamp duty, service fee and other
possible expenses payable by the company from the designated bank account in full and in one or more installments, and the company undertakes not to raise any objections.
	5. If the application is approved/passed, the company undertakes to be
bound by these “Statements and Undertakings” of the application. Whether this application is approved or not shall be determined by the lender independently. Even if the application is not approved, the company shall not be entitled to
require the lender to explain on the refusal in any form.

  
 13 

 Appendix 2: Acceptance Application (Format) 

(The version submitted by Party B through Party A’s Platform shall be subject to the one displayed and recorded on the platform) 

Acceptance Application 
  

							
	 	 	 	 
	Number of Contract of Comprehensive Credit Line:	 	 	  	Name of the Client:	  	 
	 	 	 	 
	Commencement date of credit extension:	 	 	  	Closing date of credit extension:	  	 
	 	 	 	 
	Credit amount:	 	 	  	Available amount:	  	 
	 	 	 	 
	Exposure amount of credit:	 	 	  	Available exposure amount:	  	 
	 	 	 	 
	Charge-off currency:	 	 	  	Draft amount:	  	 
	 	 	 	 
	Date of issue:	 	 	  	Tenor of draft:	  	 
	 	 	 	 
	Maturity date of draft:	 	 	  	Charge-off serial number:	  	 
	 	 	 	 
	Business type:	 	 	  	Type of margin:	  	 
	 	 	 	 
	Margin account:	 	 	  	Interest accrual of margin:	  	 
	 	 	 	 
	Usage type of margin:	 	 	  	Minimum proportion of initial margin:	  	 
	 	 	 	 
	Amount of margin:	 	 	  	Proportion of actual margin:	  	 
	 	 	 	 
	Deposit term of margin:	 	 	  	Interest spread of margin:	  	 
	 	 	 	 
	Balance of account for margin deduction:	 	 	  	Account number for margin deduction:	  	 
	 	 	 	 
	Account number of the drawer:	 	 	  	Name of the drawer:	  	 
	 	 	 	 
	Bank name of the drawer:	 	 	  	Remarks:	  	 

  

	
	Statements and Undertakings:
	1. This application is bound by the Contract of Comprehensive Credit Line (see the number below) signed
by the company and the financing managing bank.
	2. If the “date of issue”, “maturity date of draft” and other relevant elements in
this application are inconsistent with the relevant information shown/recorded in the commercial draft finally accepted by the financing managing bank, the elements specified in the accepted commercial draft of the financing managing bank shall
prevail.
	3. The “account number of the drawer” recorded herein is the payment account determined by the
company for paying handling fee and other possible expenses to the financing managing bank. As of the date of this application, the company hereby irrevocably authorizes the financing managing bank the right to transfer the service fee and other
possible expenses payable by the company from the bank account in full and in one or more installments, and the company undertakes not to raise any objections.
	4. If the application is approved/passed by the financing managing
bank, the company undertakes to be bound by these “Statements and Undertakings” of the application. Whether this application is approved or not shall be determined by the financing managing bank independently. Even if the application is
not approved, the company shall not be entitled to require the financing managing bank to explain on the refusal in any form. Whether it is approved or not shall be determined by the lender independently. Even if the application is not approved, the
company shall not be entitled to require the lender to explain on the refusal in any form.

  
 14 

 Guarantee Contract of Guarantee under the Debt Ceiling 

 
  

 Guarantee Contract of Guarantee under the Debt Ceiling 

Contract No.: P.Y.(Shanghai) Z.Z. No.A454201806140001(E.B.001) 

Party A (Pledgee): Ping An Bank Co., Ltd. Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.:021-62078504        
    Fax:                 

Person in charge: Leng Peidong     Title: President 

Party B (Guarantor): Shanghai ECMOHO Health Biotechnology Co., Ltd 

Certificate Type*:                 Certificate
Number*:
                                         
                                         
               
 (* left blank if Party B is an entity) 

Address: 2-3/F, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai 

Tel.: 021-61132270         Fax:
                                         
                    
 Legal Representative**: Wang
Ying             Title**: Chairman and General Manager 
 (**left blank if Party B is
an individual) 
 In order to ensure the fulfillment of the contract between Party A and Shanghai Tonggou Information Technology Co., Ltd. (hereinafter
referred to as the debtor), Party B is willing to provide Party A with the maximum joint and several liability guarantee. Party A and Party B, intending to be legally bound, hereby agree to enter into this Contract upon consensus through
negotiation. 
 Article 1 Guarantee and Guarantee Liability 

1.1 Scope of guarantee. 
 The scope of guarantee of this Contract
is as follows (tick the box before the item applicable “✓”): 
 ✓The principal, interest, compound interest and penalty interest of
all debts and the cost of realizing the creditor’s rights (including contingent debts) to be borne by the debtor under the Comprehensive Credit Line Contract P.Y (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main
contract”). The maximum principal amount of the debt (balance) is (equivalent to) RMB (currency) (in words) four million two hundred thousand Yuan only. 

☐ The (equivalent to) (currency)(in words) of the principal (equivalent to) (currency) (in words) of the debts (including contingent debts) to be borne
by the debtor under the Contract P.Y.Z. No. (hereinafter referred to as the “main contract”) and the corresponding interest, compound interest, penalty interest, and the cost of realizing the creditor’s rights. As long as the debt
under the Main Contract is not fully settled, Party A has the right to request Party B to assume the guarantee liability in terms of the debt balance within the purview of the above guarantee. 

☐ The performance of all the credit line contracts and specific credit business contracts (hereinafter referred to as the “main contract”)
between the debtor and Party A from                to                . The date of
execution of the main contract shall be within the aforesaid period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of Party B’s maximum guarantee includes the principal, interest,
compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including contingent debts) of the debtor under the main contract. The maximum principal amount (balance) of the debt above is (equivalent to)
(currency) (in words). 
 ☐ The principal (equivalent to) (currency) (in words) of all outstanding debts borne by the debtor
under    Contract P.Y.Z. No. (hereinafter referred to as the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the creditor’s rights. 

Interest, penalty interest and compound interest are calculated according to the Main Contract and such calculation will end on the date of the settlement
of the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses, assessment fee, auction fee, property preservation fee,
enforcement fee, etc. 

 The currency exchange rate other than RMB is converted at the exchange rate quoted by Party A when each
specific business actually occurs. 
 1.2 Guarantee period of this Contract: 

☑ Two years from the effective date of this Contract to the expiration of the debt performance period for each specific credit under the main contract.
The guarantee period for each specific credit shall be calculated separately. In the event of extension of any specific credit, the guarantee period shall be extended to two years after the expiration of the extension period. 

☐ From the date of the issuance of the loan under the main contract to the date of the completion of the mortgage registration of the property with
Party A as the mortgagee and submission of the relevant ownership certificate to Party A. 
 ☐ From the effective date of this Contract until. 

✓ Where the creditor declares earlier maturity of the debt under the main contract, the guarantee period shall be from the effective date of the
main contract until two years after the date of earlier maturity of the debt. If the debt under the main contract is performed in installments, with respect to each installment of debt, the guarantee period shall be from the effective date of the
main contract until two years after the expiry date of the performance period of the last installment of debt under the main contract. 
 Where Party A
transfers its creditor’s rights to a third party in accordance with law during the guarantee period, Party B hereby agrees to continue to assume the guarantee liability within the scope of the original guarantee. 

1.3 Where the debtor transfers the credit line granted by Party A to a third party for use, Party B hereby agrees to assume the guarantee liability for the
portion of the credit transferred in accordance with this Contract. The specific subject and amount of the transfer are: 
 1. (transferee), the amount:
(equivalent to) (currency) (in words); 
 2. (transferee), the amount: (equivalent to) (currency) (in words); 

3. (transferee), the amount: (equivalent to) (currency) (in words); 
  

			
	4.	 	  

	
	 
	
	 

 1.4 Party B shall independently assume the guarantee liability for the purposes of this Contract. Party A has a prior claim
on the guarantee liability against Party B regardless of whether there is any guarantor (including the debtor of the main contract) providing real security or warranty. If Party A waives its security right over the collateral (including the
collateral provided by the debtor) or other guarantors, Party B shall still assume full liability for guarantee as stipulated herein. 
 1.5 This
Contract is irrevocable. 
 1.6 The validity of this Contract is independent of that of the main contract. If the main contract or some terms of the
main contract are invalid, this Contract shall remain valid. 
 Article 2 Performance of Guarantee Liability 

2.1 If the debtor fails to perform the due debts (including earlier maturity, the same below) as agreed in the main contract, Party B guarantees to
unconditionally repay the debts on behalf of Party A upon receipt of the written notice of claim from Party A. Any document issued by Party A to the effect of the debtor’s failure to fulfill the due debts may be taken as a written notice of
claim against Party B. 
 2.2 Party B hereby irrevocably authorizes Party A to directly deduct the principal and interest of the debtor’s due debts
and expenses owed to Party A from any account opened by Party B with all business offices of Ping An Bank. Party A shall notify Party B in writing upon receipt of the deduction notice, and shall have the right to continue to demand repayment of the
insufficiency from Party B. If the proceeds from deduction are insufficient to cover all debts due, the repayment on the debtor is overdue for less than 90 days (including 90 days), the repayment order of principal and interest is:
(1) expenses; (2) interest (including penalty interest, compound interest); (3) principal. If the repayment on the part of the debtor is overdue for more than 90 days, the repayment order of the advance and interest of the advance is:
(1) expenses; (2) principal; (3) interest (including penalty interest, compound interest). 

 Article 3 Undertakings and Covenants of the Guarantor 

3.1 Party B has completed all the authorization and examination and approval required to sign this contract. The signing of this contract is the true intention
of Party B and will not result in the violation of the agreement or commitment it has signed with any third party. Party B did not violate any laws, regulations and rules concerning environmental protection, energy conservation, emission reduction
and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the Contract. 

3.2 Except for the written notice given to Party A before signing this contract, Party B shall not have any litigations, arbitrations, executions, appeals,
reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 
 3.3 If Party B
is a legal person: 
 3.3.1 Party B is a company duly established and existing in the jurisdiction where it is located, with a good reputation, has all the
corporate rights and government licenses and approvals required for engaging in the business it is currently engaged in. 
 3.3.2 Party B shall submit the
financial statements, all bank account numbers and balances of deposits and loans and other relevant information as required by Party A within the time limit given by Party A, and shall guarantee that the documents and information submitted are
true, complete and objective, and free of any false records, misleading representations or material omissions, and the financial statements are prepared in strict accordance with Chinese accounting standards. 

3.4 If Party B is an individual: 
 3.4.1 Party B has truthfully
submitted the information about personal and family income and property and other information as required by Party A, and guarantees the truthfulness, completeness and accuracy of the documents and information submitted. 

3.4.2 Party B guarantees to cooperate with Party A in supervision and inspection of its income and credit standing. During the performance of this Contract,
if Party A believes that the loan guarantee status has deteriorated, Party B shall provide other guarantee measures approved by Party A. 

Article 4 Rights and Obligations of the Guarantor 

4.1 Party B shall have the right to require Party A to assume the obligation of confidentiality for the information provided by Party B, except as otherwise
stipulated by laws and regulations or regulatory authorities or otherwise agreed by the parties or that the information provided by Party B does not constitute confidential information. 

4.2 Party B has carefully read the main contract and acknowledged all the terms and conditions thereof. The individual credit contract or receipt or other
credit business voucher under the main contract is not required to be further confirmed by Party B if not exceeding the limit specified in the main contract. 

Party A and the debtor may modify the main contract without the consent of Party B, and Party B shall continue to assume the joint and several guarantee
liability for the modified main contract. However, in the event of increase in the principal amount of the debt and extension of the term of the loan without Party B’s written consent, Party B shall still assume the guarantee liability in such
amount and period as specified in the original main contract. 
 4.3 Party B accepts and undertakes to cooperate with Party A in the supervision and
inspection of Party B’s operation and guarantee capacity, and allow Party A to enter Party B’s premises to check Party B’s assets, financial status and operation. 

4.4 ☐ In the event of major property right transfer, system change or transfer of creditor’s rights and debts, Party B shall
notify Party A beforehand and shall not proceed with the said matters before obtaining the written consent of Party A. 
 ☐ Under
any of the following circumstances, Party B shall give a 30-day written notice to Party A. If it may have a significant impact on the performance of this Contract as Party A considers, Party B shall not
proceed with it before obtaining the written consent of Party A: 

 (1) Major changes have taken place in management system, equity structure, form of property right
organization and main business, including but not limited to implementing contracting, leasing management, joint operation, shareholding reform, consolidation (merger) and acquisition, joint venture (cooperation), division, establishment of
subsidiaries, custody (takeover), enterprise sale, transfer of property rights, reduction of capital, etc.; 
 (2) Important assets of which value exceeds
10% of net assets are sold, donated, lent, transferred, mortgaged (pledged) or otherwise disposed of; 
 (3) Dividends exceed 30% of the net profit after
tax for the current year or exceed 20% of all undistributed profits; 
 (4) the additional foreign investment after entry into force of the contract exceeds
20% of the net assets; 
 (5) Debt terms with other banks are changed to prepay other long-term obligations; 

(6) Debts owed to Party B’s shareholders are repaid; 
 (7)
Application for credit extension from other banks, provision of guarantee to third parties, or reduction or mitigation of third-party debts, involving the amount of debts exceeding 20% of the net assets. 

4.5 Party B shall notify Party A in writing within seven business days from the date of occurrence or potential occurrence of the following matters. Party
A shall have the right to decide whether to request Party B and the debtor to provide additional guarantee or directly recoverall the loans depending on the specific circumstances of the matters: 

(1) its business and financial situation deteriorates; 
 (2)
being imposed a heavy fine by the competent authority or involved in a major legal dispute; 
 (3) Party B, Party B’s shareholders, Party B’s
legal representative or key management personnel are involved in major cases or their major assets are subject to property preservation and other mandatory measures, as a result of which Party B’s legal representative or key management
personnel are unable to perform their duties properly; 
 (4) Providing guarantee to a third party that has a material adverse effect on its financial
position or ability to perform its obligations hereunder; 
 (5) Discontinuation of business, suspension of business for rectification, dissolution,
closure, bankruptcy, and being revoked of business license; 
 (6) Deterioration of financial condition, e.g. unemployment, employer bankruptcy or
substantial loss of personal property, material adverse changes in personal physical condition, divorce, and other matters that may affect Party B’s ability to perform this Contract. 

(7) Other major events or events of default which suffice to affect Party B’s business activities and Party A’s loan security. 

4.6 Party B shall notify Party A in writing within seven business days after the change of the domicile, mailing address, telephone number, scope of business,
legal representative and other matters of Party B. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to the notices and documents
of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the execution of the case)
according to the original address and mailing address. 
 4.7 ☐ Party B undertakes to maintain a reasonable financial ratio during the loan period.

 ☐ The financial indicators meet the following criteria during the loan period: 

 
  
  

 
 Article 5 Breach of Contract

 5.1 Any of the following events may constitute an event of default referred to in these Terms: 

 (1) Party B fails to perform the vicarious liability of repayment in full and on time; 

(2) Party B violates the undertakings and covenants made by it or otherwise fails to perform its obligations hereunder; 

(3) Party B transfers property and surreptitiously recovers funds; 

(4) Party B defaults under other contracts with Party A or other banks; 

(5) Party B’s operating or financial condition has undergone significant adverse changes. 

5.2 In case of any breach of contract, Party A shall have the right to take the following measures: 

(1) Require Party B to immediately perform the vicarious liability of repayment; 

(2) To require Party B to provide new guarantee measures approved by Party A; 

(3) Party A claims the subrogation right with Party B’s debtor in accordance with law, or requests the court to revoke Party B’s waiver of its due
creditor’s rights or transfer of the property without compensation, transfer the property at an unreasonably low price, Party B shall cooperate with and assist Party A as necessary at Party A’s request, with the costs incurred by Party A
therefor borne by Party B. 
 (4) Take other remedies prescribed by laws and regulations. 

Article 6 Miscellaneous 
 ☐ The
Bank-Enterprise Guarantee Business Cooperation Agreement (hereinafter referred to as the Agreement) between the parties is the basic legal document that regulates the rights and obligations of the parties. In case of any inconsistency between this
Contract with the Agreement, the Agreement shall prevail. 
  
  

 
  
  

 
  

 
 Article 7 Supplementary Provisions

 7.1 ☐ Both parties agree to perform compulsory notarization of this contract 

After the Contract has been subject to a notarization with enforcement effect handled by both parties, if Party B does not perform or does not fully perform
the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the people’s court at the domicile of the person
subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution certificate for enforcement. 

✓ This Contract is not notarized for enforceability. 

7.2 Party B permits and authorizes Ping An Bank to inquire Party B’s personal (corporate) information and credit information from the Financial Credit
Information Basic Database and other legally established credit reference agencies during the application stage and the duration of the debtor’s credit business for the purpose of application and subsequent management of the debtor’s
credit business. Party B permits and authorizes Ping An Bank to submit Party B’s personal (corporate) information and credit information, including but not limited to credit information and information that has a negative impact on the credit
status of the information subject, to the Financial Credit Information Basic Database and other legally established credit reference agencies in accordance with the Regulations on Credit Reporting Industry. 

7.3 Any and all options shall be determined by checking the selected box. 

7.4 Any dispute arising between Party A and Party B from the performance of this Contract shall be settled through negotiation by the parties. Should
negotiation fails, the dispute shall be settled in the manner as set forth in (2) below: 
 (1) Apply to
        /             for arbitration in accordance with the arbitration rules in force of the Commission at the time of application. The arbitral
award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where Party A is located. 

 (3) File a lawsuit in the
                 people’s court. 
 7.5 This contract shall be
governed by the laws of the People’s Republic of China. 
 7.6 This Contract shall enter into force upon being signed by the parties hereto (if the
parties are natural persons, this Contract shall be signed by such parties; if the parties are legal persons or other organizations, this Contract shall be signed or sealed by their authorized signatories and affixed with their official seals). 

7.7 This contract is made in quintuplicate, with Party A holding two and Party B’s ✓ debtors ☐ and registration authority holding one
respectively. 
 Party A’s Unit Seal: 
 Signature of
person in charge or entrusted agent: 
 Friday, June 15, 2018 

Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/                         

 

			
	Party B (if Party B is an entity) (Seal):	  	Party B (if Party B is an individual)
		
	Signature of legal representative or entrusted agent:                    	  	or Authorized Agent(Signature):

 Date: June 15, 2018 

Shanghai ECMOHO Health Biotechnology Co., Ltd (seal) 
 Ying
Wang(seal) 

 Guarantee Contract of Guarantee under the Debt Ceiling 

 
  

 Guarantee Contract of Guarantee under the Debt Ceiling 

Contract No.: P.Y.(Shanghai) Z.Z. No.A454201806140001(E.B.003) 

Party A (Pledgee): Ping An Bank Co., Ltd. Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.:021-62078504            
     Fax:                 

Person in charge: Leng Peidong Title: President 
 Party B
(Guarantor): Zeng Qingchun 
 Certificate Type*: ID Card        Certificate
Number*: **** 
 (* left blank if Party B is an entity) 

Address: **** 
 Tel.:
****        Fax:                              
                                         
          
 Legal
Representative**:                
Title**:                         

(**left blank if Party B is an individual) 
 In order to ensure
the fulfillment of the contract between Party A and Shanghai Tonggou Information Technology Co., Ltd.(hereinafter referred to as the debtor), Party B is willing to provide Party A with the maximum joint and several liability guarantee. Party A and
Party B, intending to be legally bound, hereby agree to enter into this Contract upon consensus through negotiation. 
 Article 1
Guarantee and Guarantee Liability 
 1.1 Scope of guarantee. 

The scope of guarantee of this Contract is as follows (tick the box before the item applicable “✓”): 

✓The principal, interest, compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including
contingent debts) to be borne by the debtor under the Comprehensive Credit Line Contract P.Y (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main contract”). The maximum principal amount of the debt (balance) is
(equivalent to) RMB (currency) (in words) four million two hundred thousand Yuan only. 
 ☐ The (equivalent to) (currency)(in words) of the principal
(equivalent to) (currency) (in words) of the debts (including contingent debts) to be borne by the debtor under the Contract P.Y.Z. No. (hereinafter referred to as the “main contract”) and the corresponding interest, compound interest,
penalty interest, and the cost of realizing the creditor’s rights. As long as the debt under the Main Contract is not fully settled, Party A has the right to request Party B to assume the guarantee liability in terms of the debt balance within
the purview of the above guarantee. 
 ☐ The performance of all the credit line contracts and specific credit business contracts (hereinafter referred
to as the “main contract”) between the debtor and Party A
from                to                . The date of execution of the main contract shall
be within the aforesaid period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of Party B’s maximum guarantee includes the principal, interest, compound interest and penalty interest of
all debts and the cost of realizing the creditor’s rights (including contingent debts) of the debtor under the main contract. The maximum principal amount (balance) of the debt above is (equivalent to) (currency) (in words). 

☐ The principal (equivalent to) (currency) (in words) of all outstanding debts borne by the debtor under Contract P.Y.Z. No. (hereinafter referred to as
the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the creditor’s rights. 

Interest, penalty interest and compound interest are calculated according to the Main Contract and such calculation will end on the date of the settlement of
the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses, assessment fee, auction fee, property preservation fee,
enforcement fee, etc. 

 The currency exchange rate other than RMB is converted at the exchange rate quoted by Party A when each
specific business actually occurs. 
 1.2 Guarantee period of this Contract: 

☑ Two years from the effective date of this Contract to the expiration of the debt performance period for each specific credit under the main contract.
The guarantee period for each specific credit shall be calculated separately. In the event of extension of any specific credit, the guarantee period shall be extended to two years after the expiration of the extension period. 

☐ From the date of the issuance of the loan under the main contract to the date of the completion of the mortgage registration of the property with
Party A as the mortgagee and submission of the relevant ownership certificate to Party A. 
 ☐ From the effective date of this Contract until. 

✓ Where the creditor declares earlier maturity of the debt under the main contract, the guarantee period shall be from the effective date of the
main contract until two years after the date of earlier maturity of the debt. If the debt under the main contract is performed in installments, with respect to each installment of debt, the guarantee period shall be from the effective date of the
main contract until two years after the expiry date of the performance period of the last installment of debt under the main contract. 
 Where Party A
transfers its creditor’s rights to a third party in accordance with law during the guarantee period, Party B hereby agrees to continue to assume the guarantee liability within the scope of the original guarantee. 

1.3 Where the debtor transfers the credit line granted by Party A to a third party for use, Party B hereby agrees to assume the guarantee liability for the
portion of the credit transferred in accordance with this Contract. The specific subject and amount of the transfer are: 
 1. (transferee), the amount:
(equivalent to) (currency) (in words); 
 2. (transferee), the amount: (equivalent to) (currency) (in words); 

3. (transferee), the amount: (equivalent to) (currency) (in words); 
  

			
	4.                                    
                                         
                                         
                                         
                                         
                                         
             
	
	 
	
	 

 1.4 Party B shall independently assume the guarantee liability for the purposes of this Contract. Party A has a prior claim on
the guarantee liability against Party B regardless of whether there is any guarantor (including the debtor of the main contract) providing real security or warranty. If Party A waives its security right over the collateral (including the collateral
provided by the debtor) or other guarantors, Party B shall still assume full liability for guarantee as stipulated herein. 
 1.5 This Contract is
irrevocable. 
 1.6 The validity of this Contract is independent of that of the main contract. If the main contract or some terms of the main contract are
invalid, this Contract shall remain valid. 
 Article 2 Performance of Guarantee Liability 

2.1 If the debtor fails to perform the due debts (including earlier maturity, the same below) as agreed in the main contract, Party B guarantees to
unconditionally repay the debts on behalf of Party A upon receipt of the written notice of claim from Party A. Any document issued by Party A to the effect of the debtor’s failure to fulfill the due debts may be taken as a written notice of
claim against Party B. 
 2.2 Party B hereby irrevocably authorizes Party A to directly deduct the principal and interest of the debtor’s due debts and
expenses owed to Party A from any account opened by Party B with all business offices of Ping An Bank. Party A shall notify Party B in writing upon receipt of the deduction notice, and shall have the right to continue to demand repayment of the
insufficiency from Party B. If the proceeds from deduction are insufficient to cover all debts due, the repayment on the debtor is overdue for less than 90 days (including 90 days), the repayment order of principal and interest is:
(1) expenses; (2) interest (including penalty interest, compound interest); (3) principal. If the repayment on the part of the debtor is overdue for more than 90 days, the repayment order of the advance and interest of the advance is:
(1) expenses; (2) principal; (3) interest (including penalty interest, compound interest). 

 Article 3 Undertakings and Covenants of the Guarantor 

3.1 Party B has completed all the authorization and examination and approval required to sign this contract. The signing of this contract is the true intention
of Party B and will not result in the violation of the agreement or commitment it has signed with any third party. Party B did not violate any laws, regulations and rules concerning environmental protection, energy conservation, emission reduction
and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the Contract. 

3.2 Except for the written notice given to Party A before signing this contract, Party B shall not have any litigations, arbitrations, executions, appeals,
reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 
 3.3 If Party B
is a legal person: 
 3.3.1 Party B is a company duly established and existing in the jurisdiction where it is located, with a good reputation, has all the
corporate rights and government licenses and approvals required for engaging in the business it is currently engaged in. 
 3.3.2 Party B shall submit the
financial statements, all bank account numbers and balances of deposits and loans and other relevant information as required by Party A within the time limit given by Party A, and shall guarantee that the documents and information submitted are
true, complete and objective, and free of any false records, misleading representations or material omissions, and the financial statements are prepared in strict accordance with Chinese accounting standards. 

3.4 If Party B is an individual: 
 3.4.1 Party B has truthfully
submitted the information about personal and family income and property and other information as required by Party A, and guarantees the truthfulness, completeness and accuracy of the documents and information submitted. 

3.4.2 Party B guarantees to cooperate with Party A in supervision and inspection of its income and credit standing. During the performance of this Contract,
if Party A believes that the loan guarantee status has deteriorated, Party B shall provide other guarantee measures approved by Party A. 

Article 4 Rights and Obligations of the Guarantor 

4.1 Party B shall have the right to require Party A to assume the obligation of confidentiality for the information provided by Party B, except as otherwise
stipulated by laws and regulations or regulatory authorities or otherwise agreed by the parties or that the information provided by Party B does not constitute confidential information. 

4.2 Party B has carefully read the main contract and acknowledged all the terms and conditions thereof. The individual credit contract or receipt or other
credit business voucher under the main contract is not required to be further confirmed by Party B if not exceeding the limit specified in the main contract. 

Party A and the debtor may modify the main contract without the consent of Party B, and Party B shall continue to assume the joint and several guarantee
liability for the modified main contract. However, in the event of increase in the principal amount of the debt and extension of the term of the loan without Party B’s written consent, Party B shall still assume the guarantee liability in such
amount and period as specified in the original main contract. 
 4.3 Party B accepts and undertakes to cooperate with Party A in the supervision and
inspection of Party B’s operation and guarantee capacity, and allow Party A to enter Party B’s premises to check Party B’s assets, financial status and operation. 

4.4 ☐ In the event of major property right transfer, system change or transfer of creditor’s rights and debts, Party B shall notify Party A
beforehand and shall not proceed with the said matters before obtaining the written consent of Party A. 
 ☐ Under any of the following circumstances,
Party B shall give a 30-day written notice to Party A. If it may have a significant impact on the performance of this Contract as Party A considers, Party B shall not proceed with it before obtaining the
written consent of Party A: 

 (1) Major changes have taken place in management system, equity structure, form of property right
organization and main business, including but not limited to implementing contracting, leasing management, joint operation, shareholding reform, consolidation (merger) and acquisition, joint venture (cooperation), division, establishment of
subsidiaries, custody (takeover), enterprise sale, transfer of property rights, reduction of capital, etc.; 
 (2) Important assets of which value exceeds
10% of net assets are sold, donated, lent, transferred, mortgaged (pledged) or otherwise disposed of; 
 (3) Dividends exceed 30% of the net profit after
tax for the current year or exceed 20% of all undistributed profits; 
 (4) the additional foreign investment after entry into force of the contract exceeds
20% of the net assets; 
 (5) Debt terms with other banks are changed to prepay other long-term obligations; 

(6) Debts owed to Party B’s shareholders are repaid; 
 (7)
Application for credit extension from other banks, provision of guarantee to third parties, or reduction or mitigation of third-party debts, involving the amount of debts exceeding 20% of the net assets. 

4.5 Party B shall notify Party A in writing within seven business days from the date of occurrence or potential occurrence of the following matters. Party
A shall have the right to decide whether to request Party B and the debtor to provide additional guarantee or directly withdraw all the loans depending on the specific circumstances of the matters: 

(1) its business and financial situation deteriorates; 
 (2)
being imposed a heavy fine by the competent authority or involved in a major legal dispute; 
 (3) Party B, Party B’s shareholders, Party B’s
legal representative or key management personnel are involved in major cases or their major assets are subject to property preservation and other mandatory measures, as a result of which Party B’s legal representative or key management
personnel are unable to perform their duties properly; 
 (4) Providing guarantee to a third party that has a material adverse effect on its financial
position or ability to perform its obligations hereunder; 
 (5) Discontinuation of business, suspension of business for rectification, dissolution,
closure, bankruptcy, and being revoked of business license; 
 (6) Deterioration of financial condition, e.g. unemployment, employer bankruptcy or
substantial loss of personal property, material adverse changes in personal physical condition, divorce, and other matters that may affect Party B’s ability to perform this Contract. 

(7) Other major events or events of default which suffice to affect Party B’s business activities and Party A’s loan security. 

4.6 Party B shall notify Party A in writing within seven business days after the change of the domicile, mailing address, telephone number, scope of business,
legal representative and other matters of Party B. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to the notices and documents
of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the execution of the case)
according to the original address and mailing address. 
 4.7 ☐ Party B undertakes to maintain a reasonable financial ratio during the loan period.

 ☐ The financial indicators meet the following criteria during the loan period: 

 
  
  

 
 Article 5 Breach of Contract

 5.1 Any of the following events may constitute an event of default referred to in these Terms: 

(1) Party B fails to perform the vicarious liability of repayment in full and on time; 

(2) Party B violates the undertakings and covenants made by it or otherwise fails to perform its obligations hereunder; 

 (3) Party B transfers property and surreptitiously withdraws funds; 

(4) Party B defaults under other contracts with Party A or other banks; 

(5) Party B’s operating or financial condition has undergone significant adverse changes. 

5.2 In case of any breach of contract, Party A shall have the right to take the following measures: 

(1) Require Party B to immediately perform the vicarious liability of repayment; 

(2) To require Party B to provide new guarantee measures approved by Party A; 

(3) Party A claims the subrogation right with Party B’s debtor in accordance with law, or requests the court to revoke Party B’s waiver of its due
creditor’s rights or transfer of the property without compensation, transfer the property at an unreasonably low price, Party B shall cooperate with and assist Party A as necessary at Party A’s request, with the costs incurred by Party A
therefor borne by Party B. 
 (4) Take other remedies prescribed by laws and regulations. 

Article 6 Miscellaneous 
 ☐ The
Bank-Enterprise Guarantee Business Cooperation Agreement (hereinafter referred to as the Agreement) between the parties is the basic legal document that regulates the rights and obligations of the parties. In case of any inconsistency between this
Contract with the Agreement, the Agreement shall prevail. 
  
  

 
  
  

 
  

 
 Article 7 Supplementary Provisions

 7.1 ☐ Both parties agree to perform compulsory notarization of this contract 

After the Contract has been subject to a notarization with enforcement effect handled by both parties, if Party B does not perform or does not fully perform
the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the people’s court at the domicile of the person
subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution certificate for enforcement. 

✓ This Contract is not notarized for enforceability. 

7.2 Party B permits and authorizes Ping An Bank to inquire Party B’s personal (corporate) information and credit information from the Financial Credit
Information Basic Database and other legally established credit reference agencies during the application stage and the duration of the debtor’s credit business for the purpose of application and subsequent management of the debtor’s
credit business. Party B permits and authorizes Ping An Bank to submit Party B’s personal (corporate) information and credit information, including but not limited to credit information and information that has a negative impact on the credit
status of the information subject, to the Financial Credit Information Basic Database and other legally established credit reference agencies in accordance with the Regulations on Credit Reporting Industry. 

7.3 Any and all options shall be determined by checking the selected box. 

7.4 Any dispute arising between Party A and Party B from the performance of this Contract shall be settled through negotiation by the parties. Should
negotiation fails, the dispute shall be settled in the manner as set forth in (2)below: 
 (1) Apply to
    /                 for arbitration in accordance with the arbitration rules in force of the Commission
at the time of application. The arbitral award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where
Party A is located. 
 (3) File a lawsuit in the
                 people’s court. 

7.5 This contract shall be governed by the laws of the People’s Republic of China. 

 7.6 This Contract shall enter into force upon being signed by the parties hereto (if the parties are natural
persons, this Contract shall be signed by such parties; if the parties are legal persons or other organizations, this Contract shall be signed or sealed by their authorized signatories and affixed with their official seals). 

7.7 This contract is made in quintuplicate, with Party A holding two and Party B’s ✓ debtors ☐ and registration authority holding one
respectively. 
 Party A’s Unit Seal: 
 Signature of
person in charge or entrusted agent: 
 Friday, June 15,2018 

Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/_________ 
 Party B (if Party B is an entity) (Seal): 

Signature of legal representative or entrusted agent:         

Party B (if Party B is an individual) 
 or Authorized
Agent(Signature): /s/ Zeng Qingchun 
 Date: June 15, 2018 

  
  

Guarantee Contract of Guarantee under the Debt Ceiling 
  

 
  
  

 Guarantee Contract of Guarantee under the Debt Ceiling 

Contract No.: P.Y.(Shanghai) Z.Z. No.A454201806140001(E.B.002) 

Party A (Pledgee): Ping An Bank Co., Ltd. Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.:021-62078504            
     Fax:                      

Person in charge: Leng Peidong Title: President 
 Party B
(Guarantor): Wang Ying 
 Certificate Type*: ID
Card                Certificate Number*: **** 

(* left blank if Party B is an entity) 
 Address: ****

 Tel.:
****                Fax:                  
                                         
                  
 Legal
Representative**:                
Title**:                     

(**left blank if Party B is an individual) 
 In order to ensure
the fulfillment of the contract between Party A and Shanghai Tonggou Information Technology Co., Ltd.(hereinafter referred to as the debtor), Party B is willing to provide Party A with the maximum joint and several liability guarantee. Party A and
Party B, intending to be legally bound, hereby agree to enter into this Contract upon consensus through negotiation. 
 Article 1
Guarantee and Guarantee Liability 
 1.1 Scope of guarantee. 

The scope of guarantee of this Contract is as follows (tick the box before the item applicable ”✓”): 

✓The principal, interest, compound interest and penalty interest of all debts and the cost of realizing the creditor’s rights (including contingent
debts) to be borne by the debtor under the Comprehensive Credit Line Contract P.Y (Shanghai) Z.Z. No.A454201806140001 (hereinafter referred to as the “main contract”). The maximum principal amount of the debt (balance) is (equivalent to)
RMB (currency) (in words) four million two hundred thousand Yuan only. 
 ☐   The (equivalent to) (currency)(in words) of the principal
(equivalent to) (currency) (in words) of the debts (including contingent debts) to be borne by the debtor under the Contract P.Y.Z. No. (hereinafter referred to as the “main contract”) and the corresponding interest, compound interest,
penalty interest, and the cost of realizing the creditor’s rights. As long as the debt under the Main Contract is not fully settled, Party A has the right to request Party B to assume the guarantee liability in terms of the debt balance within
the purview of the above guarantee. 
 ☐   The performance of all the credit line contracts and specific credit business contracts
(hereinafter referred to as the “main contract”) between the debtor and Party A from        to    . The date of execution of the main contract shall be within the aforesaid
period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of Party B’s maximum guarantee includes the principal, interest, compound interest and penalty interest of all debts and the cost of
realizing the creditor’s rights (including contingent debts) of the debtor under the main contract. The maximum principal amount (balance) of the debt above is (equivalent to) (currency) (in words). 

☐   The principal (equivalent to) (currency) (in words) of all outstanding debts borne by the debtor under    Contract
P.Y.Z. No. (hereinafter referred to as the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the creditor’s rights. 

Interest, penalty interest and compound interest are calculated according to the Main Contract and such calculation will end on the date of the settlement of
the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses, assessment fee, auction fee, property preservation fee,
enforcement fee, etc. 

 The currency exchange rate other than RMB is converted at the exchange rate quoted by Party A when each
specific business actually occurs. 
 1.2 Guarantee period of this Contract: 

☑Two years from the effective date of this Contract to the expiration of the debt performance period for each specific credit under the main contract.
The guarantee period for each specific credit shall be calculated separately. In the event of extension of any specific credit, the guarantee period shall be extended to two years after the expiration of the extension period. 

☐ From the date of the issuance of the loan under the main contract to the date of the completion of the mortgage registration of the property with
Party A as the mortgagee and submission of the relevant ownership certificate to Party A. 
 ☐ From the effective date of this Contract until. 

✓ Where the creditor declares earlier maturity of the debt under the main contract, the guarantee period shall be from the effective date of the
main contract until two years after the date of earlier maturity of the debt. If the debt under the main contract is performed in installments, with respect to each installment of debt, the guarantee period shall be from the effective date of the
main contract until two years after the expiry date of the performance period of the last installment of debt under the main contract. 
 Where Party A
transfers its creditor’s rights to a third party in accordance with law during the guarantee period, Party B hereby agrees to continue to assume the guarantee liability within the scope of the original guarantee. 

1.3 Where the debtor transfers the credit line granted by Party A to a third party for use, Party B hereby agrees to assume the guarantee liability for the
portion of the credit transferred in accordance with this Contract. The specific subject and amount of the transfer are: 
 1. (transferee), the amount:
(equivalent to) (currency) (in words); 
 2. (transferee), the amount: (equivalent to) (currency) (in words); 

3. (transferee), the amount: (equivalent to) (currency) (in words); 
  

			
	4.	 	 
	 
	 

 1.4 Party B shall independently assume the guarantee liability for the purposes of this Contract. Party A has a prior claim on
the guarantee liability against Party B regardless of whether there is any guarantor (including the debtor of the main contract) providing real security or warranty. If Party A waives its security right over the collateral (including the collateral
provided by the debtor) or other guarantors, Party B shall still assume full liability for guarantee as stipulated herein. 
 1.5 This Contract is
irrevocable. 
 1.6 The validity of this Contract is independent of that of the main contract. If the main contract or some terms of the main contract are
invalid, this Contract shall remain valid. 
 Article 2 Performance of Guarantee Liability 

2.1 If the debtor fails to perform the due debts (including earlier maturity, the same below) as agreed in the main contract, Party B guarantees to
unconditionally repay the debts on behalf of Party A upon receipt of the written notice of claim from Party A. Any document issued by Party A to the effect of the debtor’s failure to fulfill the due debts may be taken as a written notice of
claim against Party B. 
 2.2 Party B hereby irrevocably authorizes Party A to directly deduct the principal and interest of the debtor’s due debts and
expenses owed to Party A from any account opened by Party B with all business offices of Ping An Bank. Party A shall notify Party B in writing upon receipt of the deduction notice, and shall have the right to continue to demand repayment of the
insufficiency from Party B. If the proceeds from deduction are insufficient to cover all debts due, the repayment on the debtor is overdue for less than 90 days (including 90 days), the repayment order of principal and interest is:
(1) expenses; (2) interest (including penalty interest, compound interest); (3) principal. If the repayment on the part of the debtor is overdue for more than 90 days, the repayment order of the advance and interest of the advance is:
(1) expenses; (2) principal; (3) interest (including penalty interest, compound interest). 

 Article 3 Undertakings and Covenants of the Guarantor 

3.1 Party B has completed all the authorization and examination and approval required to sign this contract. The signing of this contract is the true intention
of Party B and will not result in the violation of the agreement or commitment it has signed with any third party. Party B did not violate any laws, regulations and rules concerning environmental protection, energy conservation, emission reduction
and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the Contract. 

3.2 Except for the written notice given to Party A before signing this contract, Party B shall not have any litigations, arbitrations, executions, appeals,
reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 
 3.3 If Party B
is a legal person: 
 3.3.1 Party B is a company duly established and existing in the jurisdiction where it is located, with a good reputation, has all the
corporate rights and government licenses and approvals required for engaging in the business it is currently engaged in. 
 3.3.2 Party B shall submit the
financial statements, all bank account numbers and balances of deposits and loans and other relevant information as required by Party A within the time limit given by Party A, and shall guarantee that the documents and information submitted are
true, complete and objective, and free of any false records, misleading representations or material omissions, and the financial statements are prepared in strict accordance with Chinese accounting standards. 

3.4 If Party B is an individual: 
 3.4.1 Party B has truthfully
submitted the information about personal and family income and property and other information as required by Party A, and guarantees the truthfulness, completeness and accuracy of the documents and information submitted. 

3.4.2 Party B guarantees to cooperate with Party A in supervision and inspection of its income and credit standing. During the performance of this Contract,
if Party A believes that the loan guarantee status has deteriorated, Party B shall provide other guarantee measures approved by Party A. 

Article 4 Rights and Obligations of the Guarantor 

4.1 Party B shall have the right to require Party A to assume the obligation of confidentiality for the information provided by Party B, except as otherwise
stipulated by laws and regulations or regulatory authorities or otherwise agreed by the parties or that the information provided by Party B does not constitute confidential information. 

4.2 Party B has carefully read the main contract and acknowledged all the terms and conditions thereof. The individual credit contract or receipt or other
credit business voucher under the main contract is not required to be further confirmed by Party B if not exceeding the limit specified in the main contract. 

Party A and the debtor may modify the main contract without the consent of Party B, and Party B shall continue to assume the joint and several guarantee
liability for the modified main contract. However, in the event of increase in the principal amount of the debt and extension of the term of the loan without Party B’s written consent, Party B shall still assume the guarantee liability in such
amount and period as specified in the original main contract. 
 4.3 Party B accepts and undertakes to cooperate with Party A in the supervision and
inspection of Party B’s operation and guarantee capacity, and allow Party A to enter Party B’s premises to check Party B’s assets, financial status and operation. 

4.4 ☐ In the event of major property right transfer, system change or transfer of creditor’s rights and debts, Party B shall notify Party A
beforehand and shall not proceed with the said matters before obtaining the written consent of Party A. 
 ☐ Under any of the following circumstances,
Party B shall give a 30-day written notice to Party A. If it may have a significant impact on the performance of this Contract as Party A considers, Party B shall not proceed with it before obtaining the
written consent of Party A: 

 (1) Major changes have taken place in management system, equity structure, form of property right
organization and main business, including but not limited to implementing contracting, leasing management, joint operation, shareholding reform, consolidation (merger) and acquisition, joint venture (cooperation), division, establishment of
subsidiaries, custody (takeover), enterprise sale, transfer of property rights, reduction of capital, etc.; 
 (2) Important assets of which value exceeds
10% of net assets are sold, donated, lent, transferred, mortgaged (pledged) or otherwise disposed of; 
 (3) Dividends exceed 30% of the net profit after
tax for the current year or exceed 20% of all undistributed profits; 
 (4) the additional foreign investment after entry into force of the contract exceeds
20% of the net assets; 
 (5) Debt terms with other banks are changed to prepay other long-term obligations; 

(6) Debts owed to Party B’s shareholders are repaid; 
 (7)
Application for credit extension from other banks, provision of guarantee to third parties, or reduction or mitigation of third-party debts, involving the amount of debts exceeding 20% of the net assets. 

4.5 Party B shall notify Party A in writing within seven business days from the date of occurrence or potential occurrence of the following matters. Party
A shall have the right to decide whether to request Party B and the debtor to provide additional guarantee or directly withdraw all the loans depending on the specific circumstances of the matters: 

(1) its business and financial situation deteriorates; 
 (2)
being imposed a heavy fine by the competent authority or involved in a major legal dispute; 
 (3) Party B, Party B’s shareholders, Party B’s
legal representative or key management personnel are involved in major cases or their major assets are subject to property preservation and other mandatory measures, as a result of which Party B’s legal representative or key management
personnel are unable to perform their duties properly; 
 (4) Providing guarantee to a third party that has a material adverse effect on its financial
position or ability to perform its obligations hereunder; 
 (5) Discontinuation of business, suspension of business for rectification, dissolution,
closure, bankruptcy, and being revoked of business license; 
 (6) Deterioration of financial condition, e.g. unemployment, employer bankruptcy or
substantial loss of personal property, material adverse changes in personal physical condition, divorce, and other matters that may affect Party B’s ability to perform this Contract. 

(7) Other major events or events of default which suffice to affect Party B’s business activities and Party A’s loan security. 

4.6 Party B shall notify Party A in writing within seven business days after the change of the domicile, mailing address, telephone number, scope of business,
legal representative and other matters of Party B. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to the notices and documents
of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the execution of the case)
according to the original address and mailing address. 
 4.7 ☐ Party B undertakes to maintain a reasonable financial ratio during the loan period.

 ☐ The financial indicators meet the following criteria during the loan period: 

 
  
  

 
 Article 5 Breach of Contract

 5.1 Any of the following events may constitute an event of default referred to in these Terms: 

(1) Party B fails to perform the vicarious liability of repayment in full and on time; 

(2) Party B violates the undertakings and covenants made by it or otherwise fails to perform its obligations hereunder; 

 (3) Party B transfers property and surreptitiously withdraws funds; 

(4) Party B defaults under other contracts with Party A or other banks; 

(5) Party B’s operating or financial condition has undergone significant adverse changes. 

5.2 In case of any breach of contract, Party A shall have the right to take the following measures: 

(1) Require Party B to immediately perform the vicarious liability of repayment; 

(2) To require Party B to provide new guarantee measures approved by Party A; 

(3) Party A claims the subrogation right with Party B’s debtor in accordance with law, or requests the court to revoke Party B’s waiver of its due
creditor’s rights or transfer of the property without compensation, transfer the property at an unreasonably low price, Party B shall cooperate with and assist Party A as necessary at Party A’s request, with the costs incurred by Party A
therefor borne by Party B. 
 (4) Take other remedies prescribed by laws and regulations. 

Article 6 Miscellaneous 
 ☐ The
Bank-Enterprise Guarantee Business Cooperation Agreement (hereinafter referred to as the Agreement) between the parties is the basic legal document that regulates the rights and obligations of the parties. In case of any inconsistency between this
Contract with the Agreement, the Agreement shall prevail. 
  
  

 
  
  

 
  

 
 Article 7 Supplementary Provisions

 7.1 ☐ Both parties agree to perform compulsory notarization of this contract 

After the Contract has been subject to a notarization with enforcement effect handled by both parties, if Party B does not perform or does not fully perform
the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the people’s court at the domicile of the person
subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution certificate for enforcement. 

✓ This Contract is not notarized for enforceability. 

7.2 Party B permits and authorizes Ping An Bank to inquire Party B’s personal (corporate) information and credit information from the Financial Credit
Information Basic Database and other legally established credit reference agencies during the application stage and the duration of the debtor’s credit business for the purpose of application and subsequent management of the debtor’s
credit business. Party B permits and authorizes Ping An Bank to submit Party B’s personal (corporate) information and credit information, including but not limited to credit information and information that has a negative impact on the credit
status of the information subject, to the Financial Credit Information Basic Database and other legally established credit reference agencies in accordance with the Regulations on Credit Reporting Industry. 

7.3 Any and all options shall be determined by checking the selected box. 

7.4 Any dispute arising between Party A and Party B from the performance of this Contract shall be settled through negotiation by the parties. Should
negotiation fails, the dispute shall be settled in the manner as set forth in (2)below: 
 (1) Apply to
    /                 for arbitration in accordance with the arbitration rules in force of the Commission at the time of application. The arbitral
award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where Party A is located. 

(3) File a lawsuit in the                  people’s court. 

7.5 This contract shall be governed by the laws of the People’s Republic of China. 

 7.6 This Contract shall enter into force upon being signed by the parties hereto (if the parties are natural
persons, this Contract shall be signed by such parties; if the parties are legal persons or other organizations, this Contract shall be signed or sealed by their authorized signatories and affixed with their official seals). 

7.7 This contract is made in quintuplicate, with Party A holding two and Party B’s ✓ debtors ☐ and registration authority holding one
respectively. 
 Party A’s Unit Seal: 
 Signature of
person in charge or entrusted agent: 
 Friday, June 15, 2018 

Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/                         
            
 Party B (if Party B is an entity) (Seal): Signature of legal representative or
entrusted agent:         
 Party B (if Party B is an individual) or Authorized Agent(Signature): /s/ Wang
Ying 
 Date: June 15, 2018 

  
  

Maximum Pledge Guarantee Contract 
  

 
  
  

  
 1/8 

 Maximum Pledge Guarantee Contract 

Contract No.: P.Y.(Shanghai) Z.Z. No.A454201806140001(E.Z.001) 

Party A (Pledgee): Ping An Bank Co., Ltd. Shanghai Branch 

Address: No.1333, Lujiazui Ring Road, Pudong New Area, Shanghai 

Tel.:021-62078504           
 Fax:                     

Person in charge: Leng Peidong Title: President 
 Party B
(Pledgor): Shanghai Tong Gou Information Technology Co., Ltd. 
 Certificate Type*:
                    Certificate
Number*:                                       
              
 (* left blank if Party B is an entity) 

Address: Room 302, 3/F, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai 

Tel.:021-61132270           
 Fax:                                       
                          

Legal representative**: Wang Wei Title**: legal representative (senior executive) 

(**left blank if Party B is an individual) 
 Party B is willing
to establish a pledge of the maximum amount in the property lawfully owned by it to Party A as security for the performance of the contract between Party A and Shanghai Tong Gou Information Technology Co., Ltd. (hereinafter referred to as the
debtor). Party A and Party B, intending to be legally bound hereby, agree to enter into this Contract upon consensus through negotiation. 

Article 1 Pledged Objects and Pledge Liability 

1.1 Scope of pledge. 
 The scope of pledge herein is as
follows(tick the box before the item applicable ✓): 
 ✓☐ The principal, interest, compound interest and penalty, the cost of realizing
the creditor’s rights of all debts(including contingent debts) and the cost of custody and maintenance of the pledged objects to be borne by the debtor under the Comprehensive Credit Line Contract P.Y. (Shanghai) Z.Z. No.A454201806140001
(hereinafter referred to as the “main contract”). The maximum principal amount of the debt (balance) is (equivalent to) RMB (currency) (in words) four million two hundred thousand Yuan only. 

☐ the (equivalent to)(currency) (in words) of the principal (equivalent to)(currency) (in words) of the debts to be borne by the debtor under Contract
P.Y.Z. No. (hereinafter referred to as the “main contract”), and the corresponding interest, compound interest, penalty interest, the cost of realizing the creditor’s rights and the expenses incurred in the custody and maintenance of
the pledged objects. As long as the debts under the main contract have not been fully settled, Party A shall have the right to request Party B to assume the guaranty liability for the debt balance within the said scope. 

☐ The performance of all the credit line contracts and specific credit business contracts (hereinafter referred to as the “main contract”)
between the debtor and Party A from                to                . The date of
execution of the main contract shall be within the aforesaid period, and the performance period of the Main Contract shall not be limited to the aforesaid period. The scope of maximum pledge guarantee on the part of Party B includes the principal,
interest, compound interest and penalty interest of all debts (including contingent debts) of the Debtor and the cost of realizing the creditor’s rights and the cost of custody and maintenance of the pledged objects under the Main Contract. The
maximum balance of the debt principal above is (equivalent to) (currency) (in words). 
 ☐ The principal (equivalent to) (currency) (in words) of all
outstanding debts borne by the debtor under    Contract P.Y.Z. No. (hereinafter referred to as the “Main Contract”) and the interest, compound interest, penalty interest thereof, and the cost of realizing the
creditor’s rights. 

  
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 Interest, penalty interest and compound interest are calculated according to the Main Contract and such
calculation will end on the date of the settlement of the debt. The cost of realizing the creditor’s rights include but not limited to announcement fee, service fee, appraisal fee, attorney’s fee, litigation fee, traveling expenses,
assessment fee, auction fee, property preservation fee, enforcement fee, etc. 
 The currency exchange rate other than RMB is converted at the exchange
rate quoted by Party A when each specific business actually occurs. 
 The details of the pledge are shown in the List of Pledged Objects and the
certificate of title in pledge. The List of Pledged Objects is an integral part of this Contract. 
 It is agreed that Party B shall use the pledged objects
hereunder as security for all the debts under the main contract, and Party B shall assist Party A in the registration of the maximum pledge in accordance with the requirements of the registration authority. 

1.2 Where the debtor transfers the credit line granted by Party A to a third party for use, Party B shall assume the pledge guarantee liability for the
portion of the credit line transferred in accordance with this Contract. The specific subject and amount of the transfer are: 
 1. (transferee), the
amount: (equivalent to) (currency) (in words); 
 2. (transferee), the amount: (equivalent to) (currency) (in words); 

3. (transferee), the amount: (equivalent to) (currency) (in words); 
  

			
	4.	  	 
	
	 
	
	 

 1.3 Party A has a prior claim on the pledge guarantee liability against Party B regardless of whether there is any guarantor
(including the debtor of the main contract) providing real security or suretyship. If Party A waives its security right over the collateral (including the collateral provided by the debtor) or other guarantors, Party B shall still assume full
guarantee liability as stipulated in this Contract. 
 1.4 This Contract is irrevocable. 

1.5 The validity of this Contract is independent of that of the main contract. If the main contract or some terms of the main contract are invalid, this
Contract shall remain valid. 
 1.6 During the term of the contract, the pledged objects and the original certificate of title in pledge shall be kept by
Party A. After the debtor has paid off the principal, interest of all creditor’s rights and expenses under the main contract, the pledge shall lapse automatically, and Party A shall return the pledged objects and the original certificate of
title in pledge to Party B. 
 Article 2 Delivery of Pledged Objects 

2.1 At the request of Party A, Party B shall timely deliver the pledged objects, res accessoria and the certificate of title in pledge to Party A for
possession and custody. The specific pledged objects shall be subject to the list signed and confirmed by the parties (or the warehouse keeper). 
 Where
pledge registration is required by law, Party B shall register the pledge as required by Party A, with the original pledge registration documents kept by Party A. The pledge shall be deregistered in accordance with law after full settlement of the
principal and interest of all debts and expenses under the main contract by the debtor. 
 2.2 Where the pledged object is margin, the pledge shall be
deemed to have been delivered on the date when the margin is transferred to the dedicated account for the cash deposit. Party B authorizes Party A to directly transfer the margin in such amount as stipulated herein from the settlement account opened
by Party B with Party A. In the case of pledge with margin, the pledgor’s increasing the margin or making additional margin and reducing the margin with the consent of the pledgee shall be deemed as the automatic change made by the parties to
the amount of the margin in the margin clause, without otherwise agreed by the parties in writing, and shall not affect the effect of pledge guarantee of margin. 

The margin account is:
                            . 

☐ 1. The Deposits bear no interests. 

  
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 ☐ 2. From the date of transfer or deposit, the interest on the margin shall accrue as per the
following interest rate in the benchmark interest rate of RMB deposits of financial institutions published by the People’s Bank of China on the same day: 

☐ Benchmark interest rate of current deposit 
 ☐
Benchmark interest rate of time deposit of the same grade for the same period corresponding to the deposit term of the margin 
 ☐ 3. The interest on
the cash deposit shall accrue as follows:         . 
 The specific interest accrual and settlement method is subject
to the relevant provisions of the People’s Bank of China on the interest accrual and settlement of deposits. 
 2.3 Where the pledged object is bill,
Party B shall go through formalities of endorsement of bill pledge. 
 Article 3 Insurance 

3.1 Party A shall have the right to require Party B to insure the movable property pledged and name Party A as the first beneficiary of the insurance
benefits. The sum insured shall not exceed the value of the pledged object and the insurance period shall be no shorter than the debt maturity. 

Party B agrees to transfer the right of claim for payment of insurance benefits to Party A, and assist Party A in exercising such right as necessary. The
insurance benefits paid by the insurance company shall be first used to repay the debts under the main contract. 
 3.2 Party B shall pay the premium on
time and fulfill the obligations stipulated in the insurance contract. 
 3.3 Before the principal and interest of the debts and the expenses under the main
contract are paid off, Party B shall renew the insurance as stipulated in Article 3.1; otherwise, Party A shall have the right to insure on behalf of Party B with the premium borne by Party B. 

3.4 The original insurance policy shall be kept by Party A. After the debtor has paid off the principal and interest of all the debts and expenses under the
main contract, Party A shall return the original insurance policy to Party B. 
 Article 4 Party B’s Undertakings and Covenants

 4.1 Party B is a legally incorporated, validly existing company with good reputation in the jurisdiction where it is located and has all corporate
rights and government permission and approval to engage in the business it is engaged in. 
 4.2 Party B has completed all the authorization and examination
and approval required to sign this contract. The signing of this contract is the true intention of Party B and will not result in the violation of the agreement or commitment it has signed with any third party. Party B did not violate any laws,
regulations and rules concerning environmental protection, energy conservation, emission reduction and pollution reduction in the signing of the Contract, and undertakes to strictly abide by such laws, regulations and rules after signing the
Contract. 
 4.3 Except for the written notice given to Party A before signing this contract, Party B shall not have any litigations, arbitrations,
executions, appeals, reconsiderations and other procedures or other events or circumstances that may have a material adverse impact on the performance hereof. 

4.4 The pledged objects are legally owned by Party B and are free of any legal disputes and right restrictions, and have not been pledged to any third party
before the execution of this Contract. 
 Article 5 Rights and Obligations of Party B (Pledgor) 

5.1 Party B has the right to request Party A to assume the obligation of confidentiality for the information provided by Party B, except as otherwise
stipulated by laws and regulations or regulatory authorities or otherwise agreed by the parties or that the information provided by Party B does not constitute confidential information. 

5.2 Party B has carefully read the main contract and acknowledged all the terms and conditions thereof. The individual credit contract or receipt or other
credit business voucher under the main contract is not required to be further confirmed by Party B if not beyond the main contract. 

  
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 Party A and the debtor may modify the main contract without the consent of Party B, and Party B shall
continue to assume the guarantee liability for the modified main contract. However, in the event of increase in the principal amount of the debt and extension of the term of the loan without Party B’s written consent, Party B shall still assume
the guarantee liability in such amount and period as specified in the original main contract. 
 5.3 Party B agrees that Party A may place the pledged
objects in the custody of a third party as it deems necessary. 
 5.4 Where the pledged objects are offered as security for the credit facility with a
term of one year (excluding) or more, Party A shall have the right to request appraisal of the pledged objects by an appraisal institution approved by Party A on an annual basis from the following year of the effective date of this Contract. If the
value of the pledged objects has obviously decreased to such an extent as insufficient to secure the debtor’s performance of the debts of the main contract, Party A shall have the right to require Party B to provide other guarantee measures
acceptable to Party A. 
 5.5 If Party B changes its domicile, mailing address, contact number, business scope, legal representative and other matters,
it shall notify Party A in writing within seven working days after the change. If Party B fails to perform the above notification obligations, Party A shall be deemed to have delivered the relevant notices and documents (including but not limited to
the notices and documents of both parties during the performance of the contract, relevant materials and documents relating to arbitration or litigation in the course of arbitration or litigation, and relevant materials and documents during the
execution of the case) according to the original address and mailing address. 
 5.6 Party B shall bear the insurance premium, custody, maintenance, storage
and transportation expenses relating to the pledged objects hereunder. 
 ☐ 5.7 Where the certificate of deposit in a foreign currency is pledged, if
the loan-to-value ratio(the principal of the debt of the main contract divided by the principal amount of the certificate of deposit) exceeds % as converted as per the
latest daily exchange rate between such foreign currency and RMB, Party A shall have the right to require Party B to provide other guarantee measures recognized by Party A, failing which Party A shall have the right to exercise the right of pledge.
If the loan-to-value ratio exceeds % at any time, Party A shall have the right to directly cash the certificate of deposit to repay the principal and interest of the
debt of the main contract. 
 ☐ 5.8 Where the certificate of time deposit is pledged, the certificate of time deposit shall be confirmed by the
depositor bank thereof, and shall be properly kept by Party A. The information of the certificate of the time deposit is as follows: 
 Account name:
                 ; Opening Institution:
                : 
 Amount:
                 ;Term:
                 ; Interest rate:
                %. 
 Article
6 Realization of Pledge Right 
 6.1 Under any of the following circumstances, Party A shall have the right to exercise the pledge right: 

(1) The debtor fails to repay the debt principal and interest and expenses due (including earlier maturity, the same below)under the main contract in full and
on time; 
 (2) Party B violates any of the undertakings and covenants made by it or otherwise fails to perform any of its obligations hereunder; 

(3) The debtor or Party B declares dissolution, bankruptcy or is cancelled in accordance with law; 

(4) The value of the pledged objects is likely to decrease to such an extent as to endanger the rights of Party A, and the debtor or Party B fails to provide
the guarantee recognized by Party A within the time limit notified by Party A; 
 (5) The debtor commits any other act in violation of the main contract;

 (6) Other circumstances where the pledge right may be exercised as stipulated by laws and regulations. 

6.2 Party A shall be paid in priority from the proceeds from the assessment in monetary terms or auction or realization of the pledged objects in accordance
with law. 
 6.3 In the case of pledge of moveable property, Party A may directly authorize auction or realization in accordance with law. 

  
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 In the case of pledge of rights, Party A may directly cash in, take delivery of goods, sell off or
withhold funds. If the cash date or delivery date of the pledged object is prior to the maturity of the main creditor’s right, Party A may cash or take delivery of the pledged object to pay off the debts in advance or put it in escrow, with the
escrow cost borne by Party B. 
 In the case of pledge of certificate of deposit, if the maturity date of the certificate of deposit or deposit is
prior to the maturity date of the main creditor’s right, Party B agrees to convert it to time deposit and continue to pledge its corresponding certificate of deposit or deposit without title certificate as security for the main creditor’s
right, or cash the certificate of deposit and transfer the proceeds into the dedicated account of margin to provide security for the main creditor’s right by pledge of margin. If the maturity date of the certificate of deposit or deposit is
later than the maturity date(or date of earlier maturity) of the main creditor’s right, Party A may directly cash the certificate of deposit or deposit to repay the creditor’s right of Party A. 

In the case of bill pledge, Party B shall apply for collection to Party A prior to the maturity of the bill, that is, Party B endorses the bill with the
words “entrusted collection” and names Party A as the endorsee. Party B permits and authorizes Party A to transfer the full amount of the bill received to the dedicated account of margin to provide security for the main creditor’s
right by pledge of margin. 
 6.4 Under the circumstances where the pledge right is exercised, Party A and Party B shall determine the manner of
realizing the pledge right through negotiation, failing which Party A shall the right to directly apply to the people’s court for auction and sale of the pledged object. 

Article 7 Liability for Breach of Contract 

7.1 If Party B breaches or fails to fully perform its obligations in this Contract, resulting in failure in establishment of pledge, and Party B fails to
provide the guarantee recognized by Party A within the time limit notified by Party A, Party B shall bear the following liabilities for breach of contract: 

(1) If Party B is the debtor, Party B shall pay 5% of the principal amount of the debt specified in the main contract to Party A as liquidated damages, which
shall not exceed the value of the pledged object specified in this Contract. 
 (2) If Party B is not the debtor, Party B shall be jointly and severally
liable for the outstanding debt principal and interest and expenses unpaid by the debtor under the main contract up to the value of the pledged object specified in this Contract. 

7.2 If Party B breaches or fails to fully perform its obligations herein, resulting in decrease in the value of the pledged object, and Party B fails to
restore it or provide the guarantee recognized by Party A within the time limit notified by Party A, Party B shall bear the following liabilities for breach of contract: 

(1) If Party B is the debtor, Party B shall pay 5% of the principal amount of the debt specified in the main contract to Party A as liquidated damages, which
shall not exceed the value of the pledged object specified in this Contract. 
 (2) If Party B is not the debtor, after Party A has realized the pledge
right in accordance with law, Party B shall bear joint and several liability to Party A subject to the difference between the value of the pledged object at the time of realization of the pledge right and the value of the pledged object specified in
this Contract, up to the amount of the outstanding debt principal and interest and expenses unpaid by the debtor under the main contract. 
 7.3 Where Party
B conceals the common ownership, dispute, seizure, detention or existing mortgage of the pledged property, causing economic losses to Party A, Party B shall pay 5% of the principal amount of the debt specified in the main contract to Party A as
liquidated damages, which shall not exceed the value of the pledged object specified in this Contract. 
 Article VIII Miscellaneous

 The pledge period for accounts receivable is from June 15, 2018 to December 15,
2021.                     

Article IX Supplementary Provisions 
 9.1
☐ Both parties agree to perform compulsory notarization of this contract 

  
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 After the Contract has been subject to a notarization with enforcement effect handled by both parties, if
Party B does not perform or does not fully perform the obligations stipulated in the Contract, Party A has the right to apply for an execution certificate from the original notary office, and apply to the competent people’s court (i.e., the
people’s court at the domicile of the person subject to enforcement or the people’s court at the place where the property of the person subject to enforcement is located) by virtue of the original notarial certificate and the execution
certificate for enforcement. 
 ☐ No enforcement of notarization shall be handled for the Contract 

9.2 Party A has the right to transfer the creditor’s right in whole or in part before the creditor’s right is determined under the main contract.
Where Party A transfers the creditor’s right in whole or in part, Party B agrees that Party A may transfer the pledge right in whole or in part. Where Party A transfers the pledge right in part, Party A shall notify Party B of the specific
share of transfer after determining it through negotiation with the transferee, without obtaining further consent from Party B. Party B is obliged to cooperate with Party A in pledge registration at the request of Party A. 

9.3 Party B permits and authorizes Ping An Bank to inquire Party B’s personal (corporate) information and credit information from the Financial Credit
Information Basic Database and other legally established credit reference agencies during the application stage and the duration of the debtor’s credit business for the purpose of application and subsequent management of the debtor’s
credit business. Party B permits and authorizes Ping An Bank to submit Party B’s personal (corporate) information and credit information, including but not limited to credit information and information that has a negative impact on the credit
status of the information subject, to the Financial Credit Information Basic Database and other legally established credit reference agencies in accordance with the Regulations on Credit Reporting Industry. 

9.4 Any and all options shall be determined by checking the selected box. 

9.5 Any dispute arising between Party A and Party B from the performance of this Contract shall be settled through negotiation by the parties. Should
negotiation fails, the dispute shall be settled in the manner as set forth in (2)below: 
 (1) Apply
to    /                for arbitration in accordance with the arbitration rules in force of the Commission at the time of application. The arbitral
award is final and binding on both parties. 
 (2) File a lawsuit to the people’s court of the locality where Party A is located. 

(3) File a lawsuit in the                people’s court. 

9.6 This contract shall be governed by the laws of the People’s Republic of China. 

9.7 This Contract shall enter into force upon being signed by the parties hereto (if the parties are natural persons, this Contract shall be signed by such
parties; if the parties are legal persons or other organizations, this Contract shall be signed or sealed by their authorized signatories and affixed with their official seals). 

9.8 This Contract is made in five counterparts, with Party A holding two copies, Party B✓ the debtor ☐ and the registration authority each
holding one copy. 
 Party A’s Unit Seal: 
 Signature of
person in charge or entrusted agent: 
 June 15, 2018 

Ping An Bank Co., Ltd., Shanghai Branch Seal specific for contract on credit extension to legal person clients (seal) 

/s/                         
        
 Party B (if Party B is an entity) (Seal):
                        Party B (if Party B is an individual) 

Signature of legal representative or entrusted agent:                 or
Authorized Agent(Signature): 
 June 15, 2018                 

  
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 Shanghai Tong Gou Information Technology Co., Ltd. (seal) 

/s/                        

  
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 List of Pledged Objects 

 

							
	 	 
	
Pledge name
 Quantity, quality

 
	  	Shanghai Tong Gou Information Technology Co., Ltd., all accounts receivable income with Beijing Jingdong Century Information
Technology Co., Ltd., Beijing Jingdong Century Trading Co., Ltd., Zhejiang Tmall Technology Co., Ltd. as the buyer
	 	 
	
Title of the pledged object

Ownership and title certificate number
	  	 
	 	 
	Place of storage of the pledged object	  	 
	 	 		 
	
The share of the pledged object owned

by the pledgor
	  	 	 	Names of other co-owners (in the case of co-ownership)	  	 
	 	 
	Other information of the pledged object	  	 
	 	 
	Remarks	  	 

 The pledgor certifies that the statement above is true, accurate and complete. If the pledge is invalid or insufficient in
value due to false statements or major omissions, with prejudice to the rights of the main creditor, the pledgor is willing to bear joint and several liability for repayment of all debts of the debtor under the main contract. 

  
 9/8EX-10.31

 Exhibit 10.31 

Confidential 
 To Shanghai Tong Gou Information Technology Co.,
Ltd., 
 Company address: Room 302, 3/F, Tianyaoqiao Road, Xuhui District, Shanghai, China 

Addressee: Li Wei 
 Date: November 15, 2018

 Dear Sir / Madam, 
 Bank credit granting (Letter of
credit granting No.: CN11095026159-181011) 
 On the basis of the recent discussions with you, the Bank hereby confirms that it agrees to grant you
the following non-committed bank credits (the “Credit Granting”) in accordance with the specific terms and conditions as set out in the letter of credit granting, after the following guarantees and
preconditions have been completed in a satisfactory manner to us. 
 Although there may be any contrary provisions in this letter, the Credit Granting
provided by the Bank is subject to the following conditions: 
  

	 	•	 	 The Bank reserves the right to unilaterally suspend or cancel any unused Credit Granting or to decide whether
to allow the use of any unused Credit Granting; 

  

	 	•	 	 The Bank reserves the right to re-examine the Credit Granting at any
time, at least once a year; and 

  

	 	•	 	 The Bank reserves the right to request immediate repayment of the relevant loans, including the right to
request immediate cash guarantees for expected liabilities and contingent liabilities. 

 The Credit Granting (if any) that you have
used before signing the letter of credit granting are deemed to be Credit Granting under the letter of credit granting and are subject to the relevant provisions of this letter and are guaranteed by the guarantees mentioned in this letter. 

This letter of credit granting consists of the main body of the letter, special credit granting terms, comprehensive credit granting terms and relevant
appendices (if any). 

  
 1 

 Borrower: Shanghai Tong Gou Information Technology Co., Ltd. 

Lender: HSBC Bank (China) Co., Ltd., Shanghai Branch 
 Debtors:
the Borrower and each person (the “guarantor”) who provides any guarantee (the “guarantee”) in the “guarantee” paragraph 

Credit Granting / Amount: Import Credit Granting of not more than RMB 10,000,000, including: 

(a) A post-shipment buyer’s loan credit granting of not more than RMB 10,000,000 for payment to an approved supplier in connection with credit sales or
for payment of documents under documentary collection. 
 Financing documents: this letter of credit granting and each document (“guarantee
document”) containing the guarantee. 
 Guarantee: As a guarantee, in addition to the guarantees (if any) required under the relevant special terms on
the Credit Granting, the Bank must also hold: 
 (1) The deposit pledge provided by Shanghai Tong Gou Information Technology Co., Ltd.; 

(2) The warranty issued by Wang Ying and Zeng Qingchun; 
 (3)
The warranty issued by ECMOHO (Hong Kong) Limited and Shanghai ECMOHO Health Biotechnology Co., Ltd.; 
 (4) Pledge of accounts receivable provided by
Shanghai Tong Gou Information Technology Co., Ltd. 
 The Borrower confirms that it has not owed any debts under the subrogation claim of any foreigner due
to performance of any warranties or guarantees provided by the foreigner for the debts that the Borrower has owed to a Chinese domestic creditor (the “Subrogation Debt”). The Borrower undertakes that in the event of any Subrogation Debt,
it will immediately notify the Lender and will not use the Credit Granting or conduct or continue any new transactions warranted or guaranteed by foreigners (except as otherwise permitted by the relevant foreign exchange administration) before the
irrevocable full settlement of the Subrogation Debt. 
 Preconditions: Before the Borrower uses any Credit Granting, the Lender should have received the
documents and certificates listed below and the form and substance thereof are satisfactory to the Lender: 
 (1) the copy of all government approvals and
supporting documents relating to the status of the Borrower that are certified to be identical to the original. 
 (2) The original of the Borrower’s
internal authorization document or a copy that is proved to be the same as the original, the document is approved in accordance with the Borrower’s articles of association and relevant laws or (authorized by others) the Credit Granting under
the letter of credit granting and authorizes a or a number of specific persons to sign and/or submit the letter of credit granting and other documents and notices related to the Credit Granting under the letter. 

(3) one or more guarantees are provided for the Credit Granting; 

  
 2 

 (a) the original of the guarantee documents duly signed by the parties; 

(b) the copy of all government approvals and supporting documents relating to the status of the guarantor that are certified to be identical to the original;

 (c) an original copy of the guarantor’s internal authorization document or a copy certified to be identical to the original, which is approved in
strict accordance with its organizational documents and relevant laws or (authorized by others) to provide guarantee and one or more specific person are authorized to sign and/or submit the guarantee documents and other relevant documents and
notices; 
 (d) Proof for the guarantee which has been properly created and improved, if applicable; and 

(e) If the guarantee is an individual warranty, the original personal net asset statement issued by the warrantor and (if required by the Lender) the
corresponding asset certification materials of the warrantor. 
 (4) Legal opinions issued by the relevant qualified lawyers accepted by the Lender on the
relevant matters of the financing documents, if applicable. 
 (5) If the place of establishment of a guarantor is different from the jurisdiction region of
the guarantee document to which it is a party, the guarantor has specified the service agent to the Lender’s acceptance which is appointed for the service of the judicial proceedings of the people’s court of the said jurisdiction region,
and the certificate of such appointment. 
 (6) The Borrower has opened a loan issuance account at the Lender. 

(7) other documents or materials required to be submitted by the Borrower before using the credit in the special credit granting terms of certain types of
credit granting. 
 (8) other documents or materials that the Lender may reasonably require in connection with the letter of credit granting or the credit
granted under it. 
 Statement: The Borrower makes the following representations and warranties to the Lender: 

(1) The Borrower or any of its subsidiaries and any director, manager, employee, agent or affiliated person thereof does not serve as or owned or controlled by
the following persons: (a) the target or subject of sanctions (“Sanctions”) enforced or exercised by the Office of Foreign Assets Control of the US Treasury, the US State Department, the UN Security Council, the European Union, the UK
Treasury, the Hong Kong Monetary Authority, or the relevant Chinese authorities, or (b) a country or region that is located, established or residing in a country or region that is the target or subject of Sanctions or whose government is the
target or subject of Sanctions, currently including but not limited to the Crimea region, Cuba, Iran, North Korea, Sudan and Syria; 

  
 3 

 (2) The Borrower does not know and does not take any actions that may directly or indirectly lead to
violations of any applicable anti-bribery laws (including but not limited to the UK Anti-Bribery Act of 2010 (the “UK Anti-Bribery Act”) and the US Foreign Corrupt Practices Act of 1977 (the “FCPA”)) and to its knowledge, that
any director, officer, agent, employee or manager of the Borrower or its subsidiaries or other persons acting on behalf of the Borrower or its subsidiaries does not know or take any such action; and 

(3) The business practice of the Borrower and (as far as it knows) its affiliates is in line with the UK Anti-Bribery Act, FCPA and other similar laws,
regulations or provisions; they have developed and maintained policies and systems to ensure that their business operations will continue this compliance, and such policies and systems are reasonably expected to ensure such compliance. 

Commitment: The Borrower shall keep the following commitments during the period in which the Borrower may use the credit granted and as long as there is any
outstanding payment under the letter of credit granting: 
 (1) Without prejudice to any guarantee or other priority (if any) enjoyed by the Lender, the
Borrower shall ensure that the credit granted under this letter is at least equal to all current and future unguaranteed borrowings of the Borrower. 
 (2)
Without the prior written consent of the Lender, the Borrower shall not establish or attempt to establish or permit any collateral, floating guarantee, charge, pledge, lien or other prioritized rights on all or any part of its existing or future
assets, or permit any liens or other prioritized rights to be generated on such assets (except for liens that are created in accordance with the law in the course of normal transactions). 

(3) The Borrower shall immediately submit the audited or (if there is no audited semi-annual financial statements at that time) unaudited semi-annual
financial statements and audited annual financial statements of the debtor which are prepared by a qualified accountant to the Lender upon completion. The semi-annual financial statements must be submitted to the Lender at the latest within 90 days
after the end of the half-year financial year, while the annual financial statements must be submitted to the Lender within 120 days after the end of the financial year. 

(4) The Borrower shall, upon request, provide the Lender with other information on the financial or operating status of the Borrower that is reasonably
required by the Lender. 
 (5) The Borrower shall not directly or indirectly use the credit funds for the following purposes, nor shall it directly or
indirectly lend, pay or otherwise supply the credit funds to any subsidiary, joint venture partner or other persons for the following purposes, (a) funding the actions or business of any person who is the target or subject of the Sanctions or
the business with such person, or funding any action conducted in the country or region which is the target or subject of the Sanctions or whose government is the target or subject of the Sanctions at that time, or (b) in any other way, causing
any person (including any person participating in the Credit Granting, whether as an underwriter, intermediary, investor or any other party) to breach the Sanctions. 

  
 4 

 (6) The Borrower shall ensure that no part of the credit funds is directly or indirectly used for payments
that may result in a breach of any applicable anti-bribery laws. 
 (7) The Borrower shall comply with all other commitments (if any) in the special credit
granting terms. 
 (8) The Borrower shall promptly report to the Lender the information of intra-group related party transactions whose total amount reaches
10% of its net assets at that time, and provide details required for the Lender to understand and satisfy the relationship between the Borrower and the counterparty to the relevant contract as well as the nature, transaction volume, size and pricing
mechanism of the intra-group related party transactions. 
 (9) The Borrower shall abide by the borrower’s commitments listed in Article 21 of the
Interim Administrative Measures for Working Capital Loans promulgated by the China Banking Regulatory Commission on February 12, 2010. 
 (10) The
Borrower shall open a fund withdrawal account at the Lender, or (in case of a fund withdrawal account opened at a bank other than the Lender), upon request, provide the Lender with the fund inflows and outflows of the account. 

(11) In order to ensure and monitor the Borrower’s solvency, according to Article 31 of the Interim Administrative Measures for Working Capital Loans
promulgated by the China Banking Regulatory Commission on February 12, 2010, the Borrower shall, within six months after the use of the credit granted, collect 35% of its sales proceeds through the account opened at the Lender, thus
facilitating the Lender to monitor the withdrawal of funds. 
 Governing law: This letter of credit granting is governed by and interpreted in accordance
with Chinese laws. 
 Jurisdiction: The Borrower agrees to accept the jurisdiction of the people’s court at the place where the Lender’s principal
place of business is located. The Lender has the right to sue the Borrower in the people’s court in any other jurisdiction for this letter. 
 Place of
performance of the contract: The place where the letter of credit granting is performed is the location of the principal place of business of the Lender. 

Address and service: The Borrower confirms that the address listed herein or otherwise kept with the Lender for the purpose of the communication, or the
address of the Borrower or its service agent (if applicable) shall be the address of receiving the notice or document (including documents sent by a court or arbitration institution or in connection with a lawsuit or arbitration) hereunder or
related to the letter of credit granting or Credit Granting. In the case of any borrower, any such notice or document sent to or retained at or returned from the designated address above will be deemed to have been served on the borrower. 

Without prejudice to the Bank’s relevant rights under any other documents, the Bank may disclose any information that you provide or is related to you to
any member of the HSBC Group, the assignee or potential assignee of any partial credit granted, any supplier of the Bank or any creditor of you on a confidential basis. 

This credit granting offer is valid until the end of business on February 12, 2019. You may accept this credit granting offer during the above period. In
the event of no information of acceptance from you in the said period, the credit granting offer will be deemed invalid (unless otherwise agreed by the Bank). 

  
 5 

 You are kindly requested to appoint your authorized signatory to sign a copy of this letter and return it to
the Bank to show your understanding and compliance with the terms and conditions of the letter of credit granting. 
 By signing a copy of this letter and
returning it to the Bank, you are deemed to have accepted that the credit granted under this letter is a non-committed credit, and any content under this letter, including any terms relating to preconditions,
representations and warranties, commitments or breach of contract (if any), will not prejudice the Bank’s right to suspend or cancel any unused credit, to disallow the use of any unused credit or to pursue any credit under the terms of this
letter at any time. 
 The Bank looks forward to establishing mutually beneficial and lasting business relationships with you. 

Best 
 Regards! 

HSBC Bank (China) Co., Ltd. Shanghai Branch 
 /s/ Fan Xiaodan 

Position: Business Director of Industry, Commerce and Finance Services 

Authorized Signatory: Fan Xiaodan 
 Accept the above letter of
credit granting 
 Shanghai Tonggou Information Science & Technology Co., Ltd. 

Shanghai Tonggou Information Science & Technology Co., Ltd. (seal) 

Wang Wei (seal) 
 Authorized Signatory: 

(Official Seal): 
 Shanghai Tonggou Information Science &
Technology Co., Ltd. (seal) 
 Date: 

  
 6 

 Special credit granting terms 

Import credit granting 
 Purpose 

This credit granting may only be used to meet the Borrower’s needs for working capital, including the purchase of goods, raw materials and production
materials and other needs for working capital recognized by the Lender. 
 Service conditions for credit granted 

1. The currency used for credit granting is RMB or any other currency agreed by the Lender. 

2. Credit granted for post-shipment buyer’s loan (also known as unsecured import loan) relating to credit sales or for the payment of documents under
documentary collection will be used for the payment by the Lender to the approved supplier which is subject to the decision and alternation independently by the Lender from time to time. 

The service term of each credit granted under the Credit Granting will be not more than 90 days. 

The Borrower shall submit an service application for credit granting that is satisfactory to the Lender in both form and content, and provide the documents on
relevant transactions, including but not limited to copies of invoices, sales contracts, purchase orders and other trade documents, immediately upon submission of such application or upon request by the Lender independently, no matter prior to or
after the use of the credit granted. 
 The Borrower makes the following representations and warranties to the Lender that it has obtained the import or
export licenses applicable to and required for each underlying transaction and that in all material respects it will comply with the domestic and foreign laws and regulations of all jurisdictions relating to its operations, the documents it requires
to be issued by the Lender and the items covered by such documents (including, if applicable, the transportation and financing of relevant goods). 

Interest 
 The applicable interest rate for each
credit granting in RMB under the credit granting for the post-shipment buyer’s loan related to credit sales or used to pay documents under the documentary collection is 122% of the applicable benchmark loan interest rate issued by the
People’s Bank of China. During the service term of the credit granted, if the said interest rate changes, the applicable interest rate for the credit granting will remain unchanged. 

Expenses 
 The Borrower shall pay the Lender the
following expenses: 
 Expenses for handling import documents: 0.125%. 

Default interest 
 The Borrower shall pay a default
interest on the loan in RMB under the above-mentioned credit granting or the amount of the overdue payment (including the unpaid amount requested by the Lender) under overseas payment on behalf of others, from the payment date stipulated (including
the date) to the actual payment date (including a date before or after the judgment), at the following interest rate: 150% of the applicable interest rate for the credit granting as set out above. 

  
 7 

 General credit granting terms 

1. Description 
 The following terms apply to the credit
granted by HSBC Bank (China) Co., Ltd. (operating through any one or more branches and sub-branches) (the “Bank”) to the Borrower and constitute an integral part of the letter of credit granting that
is applicable to the Borrower as amended from time to time (including special credit granting terms and appendices (if any), the “Letter of Credit Granting”). 

In the event that the terms and conditions are inconsistent with the rest of the Letter of Credit Granting, the other part of the Letter of Credit Granting
will prevail in the case of credit granting under the Letter of Credit Granting. 
 If the appendix to the Letter of Credit Granting (if any) is
inconsistent with the rest of the Letter of Credit Granting, the appendix shall prevail. 
 If the main text of the Letter of Credit Granting is
inconsistent with the special credit granting terms of a certain credit granting, the latter shall prevail in respect of such credit granting (but without prejudice to the Bank’s rights to unilaterally suspend or cancel any unused credit, to
disallow the use of any unused credit or to pursue any credit granted under the terms of the Letter of Credit Granting at any time). 
 2. Definition and
interpretation 
 2.1 Definition 
 For the purpose of the
terms and conditions and the Letter of Credit Granting, 
 The term “loan” refers to the loan or lending issued or will be issued under the credit
granting or the (as the case may be) unpaid principal balance of the loan or lending at that time. 
 The term “fixing date” means for a
calculation period: 
 (a) in the case of EURIBOR, the fixing date will be the first two TARGET days on the first day of the period; 

(b) In the case of HIBOR, the fixing date will be the first day of the period; 

(c) in the case of LIBOR, the fixing date will be the first two London working days on the first day of the period. 

In any case, if the above information differs from the market practices of the relevant interbank market, the fixing date will be determined by the Lender in
accordance with the market practice of the relevant interbank market (if the offer is usually given by leading banks in the relevant interbank market on several different dates, the fixing date will be the last day among these dates). 

The term “EURIBOR” refers to any of the following interest rates quoted at 11:00 am on the fixing date for the period in which the period for use of
the EUR and the credit granted and for use of the fund, if applicable, is the same for the purpose of a certain credit granting or (if applicable) use of funds: 

(a) the applicable interest rate on the screen; or 
 (b) (in case
of no applicable interest rate on the screen for the calculation period of use of the credit granted or (if applicable) use of the fund) the computative interest rate on the screen for use of the credit granted or (if applicable) use of the fund, or
the interest rate quoted by the Lender which is applicable in the relevant interbank market for the fund in EUR that may be borrowed in the relevant period (assuming that the Lender is required to accept a reasonable market amount of deposits in EUR
provided by the another bank for the relevant period); or 

  
 8 

 (c) (in case of no applicable interest rate on the screen for the currency of use of the credit granted or
(if applicable) use of the fund) the interest rate quoted by the Lender which is applicable in the relevant interbank market for the fund in EUR that may be borrowed in the relevant period (assuming that the Lender is required to accept a reasonable
market amount of deposits in EUR provided by the another bank for the relevant period); 
 If any such interest rate is below zero, EURIBOR will be treated
as zero. 
 The term “working day” refers to the day when the Bank is generally opened for business in China. 

The term “HIBOR” refers to any of the following interest rates quoted at 11:00 am on the fixing date for the period in which the period for use of
the HKD and the credit granted and for use of the fund, if applicable, is the same for the purpose of a certain credit granting or (if applicable) use of funds: 

(a) the applicable interest rate on the screen; or 
 (b) (in case
of no applicable interest rate on the screen for the calculation period of use of the credit granted or (if applicable) use of the fund) the computative interest rate on the screen for use of the credit granted or (if applicable) use of the fund, or
the interest rate quoted by the Lender which is applicable in the relevant interbank market for the fund in HKD that may be borrowed in the relevant period (assuming that the Lender is required to accept a reasonable market amount of deposits in HKD
provided by the another bank for the relevant period); or 
 (c) (in case of no applicable interest rate on the screen for the currency of use of the credit
granted or (if applicable) use of the fund) the interest rate quoted by the Lender which is applicable in the relevant interbank market for the fund in HKD that may be borrowed in the relevant period (assuming that the Lender is required to accept a
reasonable market amount of deposits in HKD provided by the another bank for the relevant period); 
 If any such interest rate is below zero, HIBOR will be
treated as zero. 
 The term “HSBC Group” refers to HSBC Holdings plc, its subsidiaries, related companies, associated institutions and
organizations and branches thereof: members of or institutions under HSBC Group should give interpretations accordingly. 
 The term “calculation
period” refers to the period of calculation of the benchmark loan interest rate issued by the People’s Bank of China, SHIBOR, EURIBOR, HIBOR or LIBOR, which is set out in the special credit granting terms on use of the credit granted or
(if applicable) on use of the fund, in terms of use of a certain credit granted or (if applicable) use of funds. 
 The term “overseas entities”
refers to individuals holding a foreign passport (other than a Chinese passport) or other entities established outside China. 
 The term “interest
period” refers to each period determined under these terms and conditions for the calculation of interest on credit granting. 
 The term
“LIBOR” refers to any of the following interest rates quoted at 11:00 am on the fixing date for the period in which the period for use of the USD and the credit granted and for use of the fund, if applicable, is the same for the purpose of
a certain credit granting or (if applicable) use of funds: 
 (a) the applicable interest rate on the screen; or 

(b) (in case of no applicable interest rate on the screen for the calculation period of use of the credit granted or (if applicable) use of the fund) the
computative interest rate on the screen for use of the credit granted or (if applicable) use of the fund, or the interest rate quoted by the Lender which is applicable in the relevant interbank market for the fund in USD that may be borrowed in the
relevant period (assuming that the Lender is required to accept a reasonable market amount of deposits in USD provided by the another bank for the relevant period); or 

  
 9 

 (c) (in case of no applicable interest rate on the screen for the currency of use of the credit granted or
(if applicable) use of the fund) the interest rate quoted by the Lender which is applicable in the relevant interbank market for the fund in USD that may be borrowed in the relevant period (assuming that the Lender is required to accept a reasonable
market amount of deposits in USD provided by the another bank for the relevant period); 
 If any such interest rate is below zero, LIBOR will be treated as
zero. 
 The term “London working day” refers to the day on which commercial banks are generally opened for business (including interbank lending)
in London (except Saturday and Sunday). 
 The term “interest rate on the screen” refers to: 

(a) In the case of EURIBOR, the Euro Interbank Offered Rate for the relevant period which is displayed on the EURIBOR01 page of the Thomson Reuters screen (or
any replacement Thomson Reuters page which displays relevant interest rate) or is displayed on another appropriate information service page that publishes the relevant interest rate in place of Thomson Reuters from time to time (unrevised,
recalculated or republished by the administrator), under the management by the European Money Markets Institute (or any other person responsible for managing the interest rate). If the page or service upon agreement no longer provides services, the
Lender may, after consultation with the Borrower, designate other pages or services that display the relevant interest rate; 
 (b) in the case of HIBOR,
the Hong Kong Interbank Offered Rate for the relevant period which is displayed on the HKABHIBOR page of the Reuters screen (or any replacement Reuters page which displays the relevant interest rate) or is displayed on another appropriate
information service page that publishes the relevant interest rate in place of Reuters from time to time. If the page or service upon agreement no longer provides services, the Lender may, after consultation with the Borrower, designate other pages
or services that display the relevant interest rate; and 
 (c) In the case of LIBOR, the relevant currencies and the London Interbank Offered Rate for the
relevant period which is displayed on the LIBOR01 or LIBOR02 page of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays relevant interest rate) or is displayed on another appropriate information service page that
publishes the relevant interest rate in place of Thomson Reuters from time to time, under the management by the ICE Benchmark Administration Limited (or any other person responsible for managing the interest rate). If the page or service upon
agreement no longer provides services, the Lender may, after consultation with the Borrower, designate other pages or services that display the relevant interest rate. 

The term “entities” refers to individuals, enterprises, companies, legal persons or unincorporated entities. 

The term “SHIBOR” refers to the Shanghai Interbank Offered Rate. 

The term “use of credit granted” refers to loans, overdrafts or other withdrawals or uses of credit granted, or extensions or renewals thereof. 

The term “day of using credit granted” refers to the date on which the credit granted is used. 

The term “application for use of credit granted” refers to an application or a request for use of credit granted. 

  
 10 

 The term “standard trade terms” refers to the standard trade terms of the Bank (as amended from
time to time). The Borrower may obtain, read and print standard trade terms on this website www.gbm.hsbc.com/gtrfsll or obtain standard trade terms from its account manager. The “client” mentioned in the standard trade terms refers to the
Borrower. 
 The term “TARGET2” refers to the Trans-European Automated Real-time Gross Settlement Express Transfer that was put into use on
November 19, 2007 on the basis of a single sharing platform. 
 The term “TARGET day” refers to the date on which TARGET2 provides payment
and settlement in EUR. 
 The term “overdraft” refers to the overdraft issued or to be issued under the overdraft credit granting or (as the case
may be) the outstanding principal balance of the overdraft at that time. 
 The term “computative interest rate on the screen” refers to the
interest rate calculated on the straight-line basis between the following two items (adjusted to the same decimal place of the two relevant interest rate on the screen) in terms of the EURIBOR, HIBOR or LIBOR for the use of a certain credit granted
or (if applicable) use of the fund: 
 (a) the applicable interest rate on the screen for a period shortening than the maximum period (with an applicable
interest rate on the screen for that period) for the calculation period of use of the credit granted or (if applicable) use of the fund; and 
 (b) the
applicable interest rate on the screen for a period beyond the minimum period (with an applicable interest rate on the screen for that period) for the calculation period of use of the credit granted or (if applicable) use of the fund, which will
subject to the quotation at 11 am on the fixing date in the currency concerned. 
 The term “foreign exchange rate” refers to the exchange rate
used in the relevant foreign exchange markets and determined by the Bank at that time when one currency is exchanged for another currency at the relevant time. The decision of the Bank is final and binding on the Borrower. 

The term “relevant interbank market” refers to the Chinese interbank market (in terms of the benchmark loan interest rate issued by the
People’s Bank of China, SHIBOR or Renminbi), the European interbank market (in terms of EURIBOR or EUR), the Hong Kong interbank market (in terms of HIBOR or HKD) or the London interbank market (in terms of LIBOR or USD). 

The term “Central Bank” refers to the People’s Bank of China (including its successor). 

The term “benchmark loan interest rate issued by the People’s Bank of China” refers to 

(a) the RMB benchmark lending rate over the same period with the credit granting for the use of a certain credit granted (except for the use of overdraft
credits) issued by the Central Bank that is valid on the date of using the credit granted; and (b) the one-year RMB benchmark lending rate for the daily overdraft balance or the balance of the use of
funds on a certain date issued by the Central Bank that is valid on that date. 
 The term “China” refers to the People’s Republic of China,
excluding the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan for the purpose of the terms and conditions and the Letter of Credit Granting. 

The term “fund interruption cost” refers to the difference of Item (a) less Item (b) below (if any): 

  
 11 

 (a) the interest that is presumed to be repayable and should have been received by the Bank on the last day
of the interest period for a loan repaid in advance, during the period from the date of receipt of the loan to the last day of the current interest period of the loan; 

(b) the gains that can be obtained the Lender for issuing a sum equal to the amount of the loan repaid in advance to the relevant interbank market, during the
period from the first working day after the date of receipt of the loan to the last day of the above interest period. 
 2.2 Interpretation 

(a) Any reference to the agreement or document refers to the agreement or document as amended, transferred, supplemented, renewed or re-stated from time to time. 
 (b) Any reference to the laws and regulations refer to the provisions as amended or re-enacted from time to time, including any alternative provisions. 
 (c) The word in the singular form includes its
plural form, and vice versa. 
 (d) The amount in currency B equivalent to the amount in currency A shall, at any time, be calculated at the purchase price
in currency A published by the Bank. 
 (e) The terms and conditions of the special credit granting of a certain credit granting under a credit granting
period (if applicable) shall only apply to such credit under the credit period (if applicable). 
 (f) If there are two or more Borrowers: 

(i) The “Borrower” should make explanation accordingly; 

(ii) The Letter of Credit Granting is binding upon each Borrower, even if the Letter of Credit Granting is unbinding upon any other Borrower or any other
person to whom it should be binding upon; 
 (iii) If all or part of the terms of the Letter of Credit Granting is unenforceable to any Borrower at any time
for any reason (including any Borrower’s failure to sign the Letter of Credit Granting), the letter of credit is still binding upon other Borrowers and executable as if the letter of credit is only made by such other Borrowers; 

(iv) The Bank may deal with any matter separately with any Borrower, including dissolving the Borrower’s liability at any degree without affecting the
liability of any other Borrower; and 
 (v) Any Borrower does not enjoy the rights or relief to which other Borrower is entitled. 

3 Calculation and payment of interest and other expenses 

3.1 The accrued interest or other fees paid periodically under all credit granting shall be calculated and collected by day according to the actual days on a
basis of 360 days a year, but the interest on the amount in GBP or HKD shall be calculated by day according to the actual days on a basis of 360 days a year. 

  
 12 

 3.2 The Lender and the Borrower may separately agree on the interest rate for any credit granting, use of
any credit granting and any period. The interest rate shall be set out in the relevant application for use of credit granting or (if applicable) renewal notice, interest letter, amendment letter or other documents of the similar effect. 

3.3 If any reference interest rate (e.g. LIBOR) used in the Letter of Credit Granting is less than zero, for the purposes of this Letter of Credit Granting,
the interest rate shall be deemed as zero. 
 3.4 (a) The Borrower shall pay the interest arising from the use of the credit at the last day of each
interest period for use of each credit under a credit granting. The interest period for use of each credit is equivalent to the initial period for use of the credit, or the duration in the special credit terms separately agreed by the Borrower and
the Bank or in the application for use of credit granting for use of such credit. The interest period for use of credit granting begins from the date of using the credit granting or the last day of its previous interest period of used credit. 

(b) Notwithstanding the paragraph (a) above, if a used credit is repaid or should be repaid in full, repaid in advance or otherwise paid off in full, or
declared to be immediately and fully due and payable by the Bank, the current interest period for use of the credit shall end on the day when the credit is repaid or repaid in advance or paid off or should be paid (as published by the Bank). 

(c) Notwithstanding the paragraph (a) above, the Borrower and the Bank may separately agree on the interest payment arrangements for the credit granting
in the special credit terms of a certain credit granting. 
 3.5 The Borrower shall pay the default interest under the Letter of Credit Granting immediately
upon request by the Lender. 
 3.6 The compound interest is calculated based on the unpaid interest (including overdue payments, excess payments or default
interest on misappropriated funds) together with the default interest on overdue payments, excess payments or default interest on misappropriated funds for calculating, but should be due and payable immediately at any time. 

3.7 If a loan is fully or partially paid off before its maturity date (no matter whether the loan expires early, the Bank exercises its right to repay any
credit under the Letter of Credit Granting or the Borrower voluntarily repays the loan in advance), the Borrower should pay the cost of interruption of the funds to the Bank. 

4 Issuance of loan, use of credit granting and repayment 

4.1 Each credit or all credits under the Letter of Credit Granting are circulating credits. Any money used under such credit may be borrowed again in
accordance with the terms of the Letter of Credit Granting, and any credit that have been used and repaid may be reused on the first working day following the repayment in accordance with the terms of the Letter of Credit Granting. 

4.2 As for the trade credit, if the relevant transaction does not meet the Bank’s operational requirements for such credit, the Bank may refuse to allow
the withdrawals under the trade credit at its discretion. 
 4.3 The Bank may, at its discretion, allow the Borrower to use the credit in a currency
different from the currency contained under the Letter of Credit Granting. 
 4.4 The application for use of credit granting is irrevocable and will,
together with the Letter of Credit Granting, form an agreement with respect to the credit once it is accepted by the Bank. If the application for use of credit granting is inconsistent with the Letter of Credit Granting, as for the use of credit in
the application for use of credit granting, the application for use of credit granting shall prevail. 

  
 13 

 4.5 The Borrower shall repay or pay off the used credit on the relevant maturity date, unless otherwise
agreed in the relevant special credit terms. 
 4.6 The Borrower shall not pay off any credit in advance. Except as otherwise agreed in the relevant special
credit terms. 
 4.7 The minimum amount of approved advance repayment for some loans is RMB 1,000,000 or other amount agreed by the Bank. 

5 Purpose 
 The Borrower shall use the funds provided by
the Bank under the Letter of Credit Granting in strict accordance with the purposes listed in the Letter of Credit Granting and abide by the provisions of the Chinese laws and regulations regarding the use of credited funds. The Borrower shall not
use the credited funds for any purpose prohibited by relevant Chinese laws and regulations, including but not limited to the use of credited funds for investment of share capital equity nature, or the use of credited funds for speculative operations
in the securities market, futures markets, real estate market and other similar fields. 
 6 Market interference / increase in costs 

In case of any change in any applicable law or regulation (or its interpretation) or the financial market in China, or as required by any regulatory
agency/government department (whether or not it has legal effect), the Bank believes that the above factors cause the provision and maintenance of credit or increase in the cost of financing for credit, the changes in basis for calculation of
spreads, deviations from the floating range of RMB interest rates allowed by Chinese laws or regulations (or their interpretation), and/or the decrease in net gains obtained by the Bank from credits as stated in this Letter of Credit Granting, the
Bank reserves the right to re-determine any spreads, fees, other charges as stated in the Letter of Credit and the applicable term of benchmark interest rate for the central bank loan (if there is a RMB loan).
The Bank may, at its discretion, charge a re-determined interest or expense after notifying the Borrower before reaching an agreement on the re-determined spread, fees,
other charges or applicable benchmark interest rate. If the above-mentioned changes in laws and regulations or the requirements of any regulatory agency/government department are retroactive, for the added costs and/or reduced net gains of the Bank
during the retrospective period, the Borrower should compensate the Bank within fifteen working days after the written notice. Unless the Bank’s compensation requirements conflict with the relevant Chinese laws and regulations or the
requirements of the regulatory body/government department, the written notice issued by the Bank regarding such compensation requirements shall be the definitive evidence of the compensation payable by the Borrower to the Bank. 

7 Guarantee added 
 If, in fact, or from the perspective
of the Bank, if the Borrower or other Guarantor reduces the value of the guarantee provided for the credit under the Letter of Credit Granting, the Bank may require the Borrower to add a guarantee in the form and the substance satisfactory to the
Bank. 
 The “guarantee” mentioned in this article includes both the guarantee of the object and the guarantee of the person. “Reduction of
the value of the guarantee” includes the value not limited to the reduction of the absolute value of the collateral due to the decline in the market price of the collateral, the unfavorable change of the Guarantor’s credit status, and the
decrease in value of reduction of guarantee limit or any form of cash guarantee amount or assessed value of the collateral due to fluctuations in exchange rate after conversion of the credit currency. 

8 Issuance of loan fund 
 8.1 Unless otherwise specified
in the special credit terms, the issuance of funds under the credit is subject to this clause. 

  
 14 

 8.2 The issuance of credited funds under each working capital credit exceeding the payment limit as
specified in the special credit terms of the credit shall be subject to “the Bank’s entrusted payment”. The Borrower confirms that the Bank may, from time to time, re-examine and amend the
payment limit for “Bank’s entrusted payment”. 
 Under the Bank’s entrusted payment method, if the Bank receives the following documents
three working days before the date of the proposed credit use, and the Bank confirms that the relevant transaction price is due and payable and meets the purposes agreed by the Letter of Credit Granting after reviewing the relevant transaction
materials, the Bank will, on the date of the proposed credit use, pay the credited funds to the loan issuance account and the credited fund to the Borrower’s counterparty according to the Borrower’s payment instruction on the same day.

 (a) the original application for use of credit for proposed credit use; 

(b) a copy of the transaction data as need by the payment supported by the credited funds, which is the same as the original; and 

(c) the original of the entrusted payment instruction instructing the Bank to pay the credited funds to the relevant third-party counterparty. 

If the Borrower’s self-payment method is adopted, after receiving the Borrower’s application for use of credit granting, the Bank will release the
relevant credited funds to the Borrower’s loan issuance account: the Borrower can then pay the credited funds to the third party by itself. The Borrower shall confirm the use of all credited funds independently paid by the Borrower to the Bank
on a quarterly basis in the form and content satisfactory to the Bank, and provide the evidence and supporting documents related to the above use at the request of the Bank. 

8.3 In respect of the Bank’s entrusted payment, the Borrower hereby promises the following to the Bank: 

(a) The Borrower, as the payment obligor under the relevant transaction, shall assume overall responsibility for the appropriateness and/or correctness of each
payment made under the Bank’s entrusted payment method. The Bank’s review of the transaction data and act of payment does not relieve or mitigate the Borrower’s liability. 

(b) The Borrower shall not direct the Bank to pay any credited funds to the Borrower’s account of the same name in another bank, unless the
Borrower’s payment must be made through the account of the same name in another bank and the Borrower must provide the documents satisfactory to the Bank to ensure the use of credited funds paid to the accounts of the same name in another bank
is in compliance with the regulations. 
 (c) The Borrower shall not split a large sum of money into several parts for the purpose of evading the
Bank’s entrusted payment. 
 9 Fees, taxes and deduction authorization 

9.1 The Bank and the Borrower shall pay the stamp duty payable on the credit respectively. 

9.2 All fees (including but not limited to attorneys’ fees and excluding stamp duty) incurred by the Bank at the request of the Borrower for the
modification and reorganization of credit or exercise of the Bank’s rights shall be fully compensated by the Borrower. 
 9.3 All principal, interest,
expenses and other expenditures shall be paid in full by the Borrower and the Borrower shall not deduct any tax payment, taxes, tax revenue, customs duties for any payable by the Borrower or withhold the payment of any nature. 

9.4 The Bank may, at any time, offset any due debts owed by the Borrower to the Bank (including but not limited to the principal, interest and other expenses
and payments due and payable under the Letter of Credit Granting or in connection with the Letter of Credit Granting) against any due or undue debts owed by the Bank to the Borrower, regardless of whether the payment place, bookkeeping bank or
currency type of the above debts is identical. With respect to the above offset, the Borrower needs not to issue further instructions or the Bank needs not to notify the Borrower in advance; therefore, the Bank does not assume any responsibility to
the Borrower. If the currency types of the above debts are different, the (related) Borrower authorizes the Bank to exchange any debt for the purpose of the above-mentioned offset and according to the foreign exchange rate in its usual business.

  
 15 

 10 Standard terms of trade 

The Letter of Credit Granting and any request for trade services under the Letter of Credit Granting will include the standard terms of trade, as if the
standard terms of trade have been fully included in the Letter of Credit Granting or request. Borrower: 
 (a) confirm that it has read and understood the
standard terms of trade; and 
 (b) agree that the Letter of Credit Granting and any request on trade services under the Letter of Credit Granting will
include standard terms of trade, which shall apply to the requested trade services. 
 11 Transfer 

The Bank is entitled to transfer all or any part of its rights and/or obligations in the Letter of Credit Granting or in connection with the Letter of Credit
Granting to any person after making written notice to the Borrower(without the consent of the Borrower). 
 12 Related-party transactions 

Article 83 of the Banking Ordinance in Hong Kong and the Administrative Measures of the China Banking Regulatory Commission for Related-party Transactions
between Commercial Banks and their Insiders or Shareholders (the “Administrative Measures”) have provided the restrictions on the release of loans made by the Bank to the persons related to the Bank’s directors or employees or with
the nature of related transaction. When confirming the Letter of Credit Granting, the Borrower shall, in accordance with Article 83, inform the Bank whether the Borrower has any form of relationship with The Hong Kong and Shanghai Banking
Corporation Limited or any of the directors or employees of the bank or whether the Borrower is a “related party” as defined by the CBRC’s Administrative Measures for Related-party Transactions. If the Borrower fails to make the above
notice, the Bank will assume that the Borrower has no such relationship. If the Borrower has the above relationship after confirming the Letter of Credit Granting, the Borrower shall immediately inform the Bank in writing. 

13 Compliance action 
 The Borrower knows and agrees: 

(a) the Bank and other members of the HSBC Group are required to comply with the laws and regulations of multiple jurisdictions and the requirements of public
transit agencies operated in multiple jurisdictions, including laws, regulations and requirements related to the matters as follows: (i) prevent money laundering, terrorist financing, corruption, tax evasion and provision of financing and other
services to persons or entities that may be subject to economic or trade sanctions; or (ii) investigate, prosecute or exercise rights as a result of any person violating any laws and regulations; 

(b) The Bank may take and may instruct other members of HSBC Group to take actions that the Bank fully and independently considers appropriate
(“Compliance Actions”) to prevent or investigate criminal acts or potential violations of the sanctions regime, or the Bank may comply with relevant laws, regulations, sanctions regime, international guidelines, relevant procedures of HSBC
Group and/or directives of public, regulatory or industry bodies related to any member of HSBC Group. These compliance actions include: intercepting and investigating any payment, communication or instruction; and further inquiring whether the
individual or entity is bound by the sanctions regime; and 

  
 16 

 (c) Any loss (including direct or indirect losses, or loss of revenue, data or benefits) or delays
undertaken or incurred by any party, in whole or in part, by (i) any action taken by the Bank, or the Bank’s delay in the performance or non-performance of any of the Bank’s obligations under
this Letter of Credit Granting, or (ii) any act taken by the Bank or any member of HSBC Group according to the compliance action, the Bank or any member of HSBC Group will not bear any liability to the Borrower. 

  
 17 

 Pledge Registration Agreement on Accounts Receivable 

The Agreement was signed by the Parties on November 19, 2018: 

(A) Pledgor: Shanghai Tong Gou Information Technology Co., Ltd. (hereinafter referred to as “Pledgor”) and 

(B) Pledgee: Shanghai Branch of HSBC Bank (China) Company Limited (hereinafter referred to as “the PPledgee”). 

About: the Pledge Agreement on Accounts Receivable signed by the Pledgor and the Pledgee on November 19, 2018 (hereinafter referred to as the
“Pledge Agreement”) 
  

	1.	 The terms defined in the Pledge Agreement shall have the same meaning as used in the Agreement, except as
otherwise defined herein. 

  

	2.	 The Pledgor agrees and confirms: 

 

	 	(a)	 For any and all accounts receivable pledged to the Pledgee under the Pledge Agreement, the Pledgor authorizes
the Pledgee to register the pledge under the Pledge Agreement in accordance with applicable laws and regulations. 

  

	 	(b)	 If the accounts receivable pledged by the Pledgor to the Pledgee under the Pledge Agreement is the
Pledgor’s total of existing and future accounts receivable for any account debtor or any assets, the Pledgor authorizes the Pledgee to register the pledge of all accounts receivable within the scope permitted by applicable laws and regulations
in a manner as the Pledgee deems appropriate. 

  

	 	(c)	 At the request of the Pledgee, the Pledgor shall sign the pledge or transfer notice of the debtor of the
accounts receivable for the pledge or transfer of the relevant receivables, and procure the debtor of the accounts receivable to cooperate in and confirm the relevant transfer, pledge and/or registration. 

 

	3.	 For the purposes of the above registration, the Pledgor irrevocably authorizes the Pledgee:

  

	 	(a)	 The pledge registration is extended during the pledge period and before the registration period expires (When
the maximum registration period allowed by the registration authority is shorter than the pledge period): 

  

	 	(b)	 When the name of the Pledger’s company name and the information of the Pledger recorded in the other
registration system are changed, the information on the Pledger in the pledge registration will be changed. For this purpose, the Pledgor shall promptly notify the Pledgee of the relevant changes and submit relevant supporting documents;

  

	 	(c)	 Upload the contents of the Agreement to the registration system as required by the registration authority.

  

	4.	 The pledge made by the Pledgor according to the Pledge Agreement is an exclusive pledge, while the Pledgor
shall not transfer or pledge the relevant accounts receivable to any third party other than the Pledgee. 

  

	5.	 The Agreement shall be governed by Chinese law. 

 

	6.	 The Agreement is an integral part of and supplement to the Pledge Agreement. The matters not covered in the
Agreement shall be subject to the Pledge Agreement. 

 Signed by the Pledgor: 

Pledgor: Shanghai Tong Gou Information Technology Co., Ltd. 
  

					
	
Signature of authorized signatory:

Special Seal for the Finance of

Shanghai Tong Gou Information Technology Co., Ltd. (Seal)

Wang Wei (Seal)
	  	Signature of authorized signatory:	  	
Corporate seal

Shanghai Tong Gou Information Technology Co., Ltd. (Seal)

	 Name:

/s/ Wang Wei
	  	Name

 Signed by the Pledgee: 
 Pledgee:
Shanghai Branch of HSBC Bank (China) Company Limited 
  

			
	Signature of authorized signatory:	  	Signature of authorized signatory:
	
/s/ Fan Xiaodan
	  	 
	Name	  	Name
	Fan Xiaodan	  	 

 To: HSBC Bank (China) Co., Ltd. Shanghai Branch 

Personal Letter of Guarantee (Single Beneficiary) 
  

	1.	 Definition 

  

	1.1.	 Definition 

“Bank” refers to HSBC Bank (China) Company Limited and its successors and transferees, including any of its branches. 

“Bank credit” refers to the credit or other credits provided or continuously provided by the Bank for the client or (as required by the client).

 “Client” refers to all or any one or more persons whose names and addresses are listed in the appendix. 

“Period of determining the creditor’s rights” refers to the period from the date of signing of the Letter of Guarantee to the date of one
(1) calendar month after the Bank receives a valid notice of termination. 
 “Default interest” refers to the interest calculated according
to the interest rate specified by the Bank (or the interest rate same as the default interest rate on the guaranteed amount assumed by the client in case of no specified interest rate); if such interest fails to be paid on time as specified by the
Bank, the compound interest must be collected monthly. 
 “Foreign exchange rate” refers to the exchange rate used in the relevant foreign
exchange markets and determined by the Bank at that time when one currency is exchanged for another currency at the relevant time. The decision of the Bank is final and binding on the Guarantor. 

“Guaranteed amount” refers to (i) all contractual monetary obligations in any currency incurred by the client and owed to the Bank at any time
during the period of determining the creditor’s rights; whether such debts are owed payment under the Bank credit, amount related to the Bank credit, payment owed either separately or jointly with any other person, or actual, contingent,
current or future owed payment in any capacity (including in the capacity of the principal debtor or the Guarantor), and (ii) all interest (including interest penalty, if any) arising on such debts (before the claim or judgment and after the
claim or judgment); In order to avoid ambiguity, all debts owed by the client to the Bank at the beginning of the period of determining the creditor’s rights are parts of the guaranteed amount and are guaranteed under the Letter of Guarantee.

 “Guarantor” refers to all or any one or more persons whose names and addresses are listed in the appendix. 

“Debt ceiling” refers to the amount of debt ceiling stated in the appendix; if the currency of any guaranteed amount is different from that of the
debt ceiling, and the amount expressed in the currency of the debt ceiling equivalent to the guaranteed amount calculated according to the foreign exchange rate applicable at that time increases after the occurrence of guaranteed amount, the debt
ceiling shall increase by the same amount of the guaranteed amount. 
 “Persons” include individuals, firms, companies, legal persons and groups
without legal personality. 
 “China” refers to the People’s Republic of China, excluding Hong Kong SAR, Macao SAR and Taiwan Region for the
purposes of the Letter of Guarantee. 
 “Notice of termination” refers to the notice of termination issued according to Article 3.1. 

 

	1.2.	 Interpretation 

  

	(a)	 In the case of two or more clients, the guaranteed amount shall include all payments and debts owed by the
person either separately or jointly with any other person, and the “client” shall be explained accordingly. 

  

	(b)	 In case of two or more Guarantors: 

 

	 	(i)	 The “Guarantor” shall be explained accordingly; 

 

	 	(ii)	 The obligations of the Guarantor under the Letter of Guarantee shall be joint and several;

  

	 	(iii)	 The Letter of Guarantee may be deemed as a separate guarantee issued by each Guarantor in respect of the
guaranteed amount; 

  

	 	(iv)	 The Letter of Guarantee is binding upon each Guarantor, even if it is not binding upon any other Guarantor or
any other person whom it should be binding upon; 

  
 1 

	 	(v)	 If all or part of the terms of the Letter of Guarantee is unenforceable to any Guarantor at any time for any
reason (including due to the failure of any Guarantor to sign the Letter of Guarantee), the Letter of Guarantee shall be still binding upon other Guarantors and executable as if the Letter of Guarantee is only made by such other Guarantors;

  

	 	(vi)	 The Bank may deal with any matter separately with any Guarantor, including dissolving the Guarantor’s
liability at any degree without affecting the liability of any other Guarantor; and 

  

	 	(vii)	 Any Guarantor shall not enjoy the rights or relief of other Guarantors. 

 

	(c)	 Any agreement or document refers to the agreement or document as amended, transferred, supplemented, renewed or
re-stated. A certain legal provision refers to a provision which is amended or re-enacted and includes any subordinate provision. 

 

	2.	 Guarantee 

  

	2.1.	 The Guarantor and the client shall assume several liabilities for the guaranteed amount, and guarantee that the
guaranteed amount will be paid immediately to the Bank upon request, provided that the total amount paid by the Guarantor under the Letter of Guarantee does not exceed the debt ceiling under any circumstance. 

For the avoidance of doubt, the Guarantor’s warranty obligations under the Letter of Guarantee cover the guaranteed amount owed to any
branch of the Bank. 
  

	2.2.	 The Guarantor shall pay the default interest on the guaranteed amount from the date on which the Bank requests
the Guarantor to pay the guaranteed amount until the Bank receives the full guaranteed amount. During this period, no matter whether a litigation or other circumstance of restricting the payment of the Guarantor occurs, the default interest shall be
continuously calculated. 

  

	2.3.	 The Guarantor shall fully compensate the Bank for all expenses (including the attorney fee) incurred in the
execution of the Letter of Guarantee. 

  

	2.4.	 To avoid ambiguity, the Guarantor’s liability under Articles 2.2 and 2.3 shall not be limited to the debt
ceiling. 

  

	2.5.	 A certificate of debts signed by any appropriately authorized staff of the Bank shall, in the absence of any
obvious error, be a final proof of the unpaid guaranteed amount for the Guarantor. 

  

	2.6.	 Under the Letter of Guarantee, the warranty period for any guaranteed amount shall be two years from the
maturity date of the portion as defined in Item (i) of the guaranteed amount. 

  

	3.	 Continuity and additional warranty 

 

	3.1.	 The Guarantor may notify the Bank of the termination of the Letter of Guarantee (“termination”) in
writing at least one calendar month prior to the proposed termination date. The Letter of Guarantee is a continuing guarantee and provides guarantee for all guaranteed amount until the expiration of one calendar month after the Bank receives the
notice of termination. The Guarantor agrees that the Letter of Guarantee and the period of determining the creditor’s rights will not terminate under any other circumstances (including but not limited to any of the circumstances described in
Article 6 below) except as provided in this Article 3. In the event that the Letter of Guarantee or the period of determining the creditor’s rights will be terminated in accordance with the law, the Guarantor shall be deemed to have re-signed the Letter of Guarantee with the Bank immediately upon termination and issue it, and shall indemnify the Bank for all costs, penalties, damages and other losses arising from such termination.

  

	3.2.	 Notwithstanding the notice of termination, the Letter of Guarantee shall continue to be valid for the actual,
contingent or onerous guaranteed amount of the client or the guaranteed amount of the client to be onerous before the termination (together with interest and other payments payable in respect of such guaranteed amount after the termination), and the
Guarantor guarantees that the guaranteed amount (together with interest and other payments payable in respect of such guaranteed amount after the termination) shall be paid to the Bank upon request, whether the request is made before, at the end of,
or after the termination. 

  

	3.3.	 The notice of termination may not be sent within the shortest period as listed in the appendix hereto,
otherwise it shall be deemed to be invalid. In case that the shortest period is not filled in the appendix, this Article 3.3 shall not be applicable. 

  
 2 

	3.4.	 In the case of two or more Guarantors, the Bank may deem the notice of termination not issued by the entire
Guarantors to be only used for terminating the liability of the Guarantor who issues such notice of termination, without affecting or terminating the liabilities of other Guarantors, and the Letter of Guarantee shall continue to be binding on such
other Guarantors as if it were made solely by such other Guarantors. 

  

	3.5.	 The Letter of Guarantee is an additional guarantee based on any other warranties, mortgages, pledges or other
guarantees held by the Bank, and is not subject to or affected by any such other warranties, mortgages, pledges or other guarantees. Where the Guarantor has provided the Bank with any other guarantee with respect to the guaranteed amount, the limit
of the guarantee liability of the Guarantor for the guaranteed amount to the Bank shall be the sum of the “debt ceiling” under all such guarantees (including the Letter of Guarantee), unless otherwise expressly provided in the appendix.

  

	3.6.	 The Letter of Guarantee shall be not affected by any other warranties, mortgages, pledges or other guarantees
held by the Bank, and may be performed, regardless of the existence or waiver of any such other warranties, mortgages, pledges or other guarantees. The Bank has no obligation to execute any other warranties, mortgages, pledges or guarantees (whether
they are provided by the client, Guarantor or any other person), exercise any rights or require the client or any other person to make payment, prior to the execution of the warranty hereunder. 

 

	4.	 Payment 

  

	4.1.	 The Guarantor shall pay the Bank as required by the Bank, and shall not have any kind of offset, counterclaim,
withholding or condition. However, if the Guarantor is required by law to make such a withholding, the amount payable of the Guarantor needs to be increased, so that the amount actually received by the Bank is equivalent to the Bank’s amount
receivable when the above-mentioned withholding is not required to be made. 

  

	4.2.	 The currency of the payment made by the Guarantor to the Bank shall be the same as the currency used for the
relevant guaranteed amount, or if the Bank agrees in writing, the Guarantor may pay in another currency. If the payment is made in another currency, such currency shall be exchanged at the foreign exchange rate. 

 

	4.3.	 No payment hereunder paid to the Bank in accordance with any judgment, court order or for other reason may
relieve the Guarantor’s liability for payment, unless and until the Bank has received all the payables in the currency specified herein, and when any such payment is made, resulting in the insufficient amount due to the exchange of the currency
stipulated in such liability at the exchange rate, the Guarantor shall bear the amount of such shortfall. 

  

	4.4.	 Any amount related to the guaranteed amount paid to the Bank may be used to pay off the guaranteed amount, or
it may be credited to the account determined by the Bank (including the temporary account). 

  

	4.5.	 In case of any relevant guaranteed amount paid to the Bank to be returned, or any payment, guarantee or other
disposals to be invalid, revoked or returned, due to any law relating to insolvency, bankruptcy or liquidation or for any other reasons, and any exemption, dissolution or arrangement made by the Bank based on such payment, guarantee or other
disposals, the Guarantor’s liability hereunder shall continue or be resumed, as if such payment, exemption, dissolution or arrangement had never happened. This article shall remain in force after the termination or expiration of the Letter of
Guarantee. 

  

	5.	 Offset 

The Bank may use any credit balance on any account of the Guarantor in the Bank to pay off the guaranteed amount at any time without notice,
regardless of whether the place of payment, bookkeeping bank or currency is the same thereof. For this purpose, the Bank may use the credit balance of such an account at a foreign exchange rate to purchase other currencies that may be required to be
used for paying off the guaranteed amount. 
  

	6.	 Waiver of defense 

The Guarantor hereby approve and agree to the following content, and agree that various obligations hereunder shall not be released, weakened,
damaged, reduced or adversely affected by any of the following content, and that it may waive any legal or other right (including but not limited to the right to be notified) which may be separately owned, and which is caused by or related to any of
the following content: 

  
 3 

	 	(a)	 Any amendment or change to the clauses on the bank credit, or any extension or renewal of the bank credit;

  

	 	(b)	 Any adjustment, grace, extension, grace period, waiver, consent or compromise which may be granted or given by
the Bank to the client, the Guarantor or any other person who is obligated to pay any or all of the guaranteed amount; 

  

	 	(c)	 Any warranties or guarantees at any time that are in connection with all or any part of the guaranteed amount
or that are used to warrant or guarantee the payment for all or any part of the guaranteed amount are discharged, changed, subordinated or lost; 

  

	 	(d)	 The Bank or any other person fails to perform the obligation of prudence and reasonable care, when preserving,
protecting, executing, selling or otherwise disposing of all or any part of any guarantee; 

  

	 	(e)	 In the case of two or more Guarantors, the Bank (i) does not claim to other Guarantors for its rights
hereunder or (ii) waives such rights; 

  

	 	(f)	 The client is reorganized or merged by any other person or reorganizes or merges with any other person;

  

	 	(g)	 Any terms of the letter of credit, loan contract and/or similar financing documents relating to the guaranteed
amount are invalid or unenforceable; 

  

	 	(h)	 The Bank suspends or cancels any bank credit to the client, or does not allow the client to use any bank
credit, or asks the client to repay the guaranteed amount or any other payment immediately or in advance; 

  

	 	(i)	 Bankruptcy or similar procedure of the client, Guarantor or any other person; or 

 

	 	(j)	 In case of no this article, any other act or omission of any part of the Guarantor’s obligations hereunder
may be exempted. 

  

	7.	 The Guarantor as the principal debtor 

The Guarantor’s liability hereunder shall not be relieved or otherwise affected, due to any agreement or arrangement made by and between
the Bank and the client or any other person, or any legal restriction which relieves the Guarantor’s liability to any extent in case of no this clause, no legal capacity, legal incapacity or any other actions, omissions or circumstances. The
Guarantor’s warranty obligations hereunder shall still cover any guaranteed amount that may not be recoverable from the client for any such reason, and the Guarantor shall fully compensate the Bank for such guaranteed amount immediately upon
the request of the Bank, and simultaneously pay the payable default interest as specified in Article 2.2. 
  

	8.	 Subordinate 

  

	8.1.	 Before the Bank receives the full guaranteed amount, the Guarantor may not exercise any subrogation right,
right of compensation, right of set-off or counterclaim right against the client, or exercise any participation right of any guarantee held by the Bank for the guaranteed amount, or unless the Bank proposes
such request, the creditor’s right may not be proved in the bankruptcy or liquidation of the client. The Guarantor shall enable any payment recovered through the exercise of any such rights to be held by the Bank’s benefit trust, and shall
pay such payment to the Bank immediately upon receipt of such payment. 

  

	8.2.	 The Guarantor has not accepted any guarantee from the client, and the Guarantor agrees it will not accept any
guarantee from the client before the Bank receives the full guaranteed amount. Any guarantee accepted by the Guarantor in violation of this clause shall be held by the Bank’s benefit trust as a guarantee of the guaranteed amount, and all
payments related to such guarantee received at any time must be paid to the Bank immediately upon receipt. 

  

	9.	 No waiver 

Any failure to exercise or delay in exercising any right or remedy hereunder shall not be deemed a waiver of such right or remedy, and any
separately or part exercise of any right or remedy shall not prejudice any further exercise or otherwise exercise of such right or remedy or the exercise of any other rights or remedies. 

  
 4 

	10.	 Consent 

The Guarantor agrees that the Bank may disclose the information about the Guarantor (including details of all or any transactions or dealings
between the Guarantor and the Bank) to the following persons and/or obtain such information from the following persons for the purposes deemed reasonable and appropriate by the Bank: 

 

	 	(a)	 Any agent, contractor or third party service provider (whether within or outside China) that provides the Bank
with services including administrative, telecommunications, computer, payment, program processing or other banking-related services; 

  

	 	(b)	 Credit counseling service institution; 

 

	 	(c)	 Any person to whom the Bank is obligated to make disclosure in accordance with any applicable law, regulation
or judicial procedure; 

  

	 	(d)	 Any company subordinate to HSBC Group, namely, HSBC Holdings plc and all its affiliated companies and
subsidiaries at all levels (including any of their agents or 

  

	 	(e)	 Any actual or potential participant or sub-participant of the
guaranteed amount (or any part thereof). 

 If such information includes personal or other information of the Guarantor,
any third party or individual, the Guarantor shall confirm and warrant that it has agreed and obtained the consent of such third party or individual, agreeing to provide such information for the Bank for such purposes and to disclose the same to
persons mentioned in this article. The Guarantor will bear and compensate the bank for all costs, fines, damages and other losses caused by the Guarantor’s violation of any provision of this article. 

 

	11.	 Transfer 

The Guarantor may not transfer or assign any of its rights or obligations hereunder. The Bank may transfer all or any part of rights of the
Bank hereunder to the person who accepts the transferred all or any part of the guaranteed amount. 
  

	12.	 Severability 

Where any clause hereof is or become illegal, invalid or unenforceable in any aspect in any judicial district, the legality, validity and
enforceability of other clauses hereof in such judicial district and the legality, validity and enforceability of such clause and other clauses in other judicial district shall not be affected or impaired thereby. 

 

	13.	 Governing laws and jurisdiction 

 

	13.1.	 The Letter of Guarantee shall be governed by Chinese laws. 

 

	13.2.	 The Guarantor agrees to submit the jurisdiction of the Chinese court where the main place of the Bank’s
branch indicated on the first page is located. No provision in Article 13.2 restricts the Bank’s right to file a lawsuit against the Guarantor with any other court with appropriate jurisdiction in respect of the Letter of Guarantee.

  

	14.	 Address and service 

The Guarantor confirms that the address listed herein or otherwise kept in in the Bank for the purpose of the communication, or the address of
the Guarantor or its service agent (if applicable) shall be the address of receiving the notice or document (including documents sent by a court or arbitration institution or in connection with a lawsuit or arbitration) hereunder or related to the
Letter of Guarantee. For the Guarantor, any notice or document sent to, retained in or returned from the above-mentioned designated address, or the domicile or place of residence of the Guarantor will be deemed to have been served on the Guarantor.

  

	15.	 Signature 

The Letter of Guarantee has been executed by the Guarantor on the date set out in the appendix. 

  
 5 

 Appendix 

Details of the client 
  

			
	Name	  	Address
	 	 
	Shanghai Tonggou Information Science & Technology Co., Ltd.	  	Room 302, 3/F, No.1000 Tianyaoqiao Road, Xuhui District, Shanghai, China

 Details of the Guarantor 
  

			
	Name	  	Address
	 	 
	 Wang Ying

 
	  	 ***

 

	 	 
	Name	  	Address
	 	 
	Zeng Qingchun	  	***

 Amount of the debt ceiling: 
  

	
	CNY11,000,000

 Minimum period 
  

	
	XX month(s) from the execution date of the Letter of Guarantee.

 Execution date of the Letter of Guarantee 
  

	
	November 19, 2018

  
 6 

 Signed by the Guarantor: 

Guarantor: Wang Ying 
  

	
	
Signature
  

/s/Wang Ying

	 
	
Identity certification type and No.
  

ID card No. ***

 Guarantor: Zeng Qingchun 
  

	
	 Signature

/s/Zeng Qingchun
  

	
Identity certification type and No.
 ID card No. ***

  
 7 

					
		 		  	 (Cross Border Approach)

 

	 To:
  
	 	 HSBC BANK (CHINA) COMPANY LIMITED SHANGHAI BRANCH

 
	  	(Name of Bank)
		 	27/F, HSBC BUILDING, SHANGHAI IFC, 8 CENTURY AVENUE, PUDONG, SHANGHAI, CHINA	  	  

(Address of Bank’s Office)

 LETTER OF GUARANTEE (Limited Amount) 
  

	1.	 Definitions 

“Bank” means the Bank named above or any person who is entitled at any future date to exercise all or any of the Bank’s
rights under this Guarantee; 
 “Banking Facilities” means such facilities as the Bank may make or continue to make
available to the Customer or to any other person at the request of the Customer at any branch or office of the Bank and whether now or in the future; 

“Customer” means all or any one or more persons whose names and addresses are specified in the Schedule; 

“Default Interest” means interest charged at the rate of 6% per annum over the Bank’s best lending rate or such
other rate as the Bank may notify the Guarantor from time to time, compounded monthly if not paid on the dates specified by the Bank; 

“Exchange Rate” means the rate for converting one currency into another currency which the Bank determines to be prevailing in
the relevant foreign exchange market at the relevant time, such determination to be conclusive and binding on the Guarantor; 

“Guaranteed Monies” means (i) all monies, obligations and liabilities in any currency whenever and however due, owing or
incurred, whether with or without the Guarantor’s knowledge or consent and due, owing or incurred by the Customer to the Bank at any branch or office at any time, whether separately or jointly with any other person, actually or contingently
whether presently or in future in any capacity including as principal or as surety; (ii) interest (both before and after any demand or judgment), to the date on which the Bank receives payment, at the rates payable by the Customer or which
would have been payable but for any circumstance which restricts or prohibits payment; (iii) any amount due under the indemnity in Clauses 9 and 16.03 below; and (iv) all costs, expenses and fees incurred or charged by the Bank in
enforcing this Guarantee on a full indemnity basis; 
 “Guarantor” means all or any persons whose names and addresses are
specified in the Schedule together with their executors, administrators, successors and assigns; 
 “Maximum Liability”
means (i) the Specified Sum; (ii) Default Interest on that sum; and (iii) expenses of the Bank in enforcing this Guarantee on a full indemnity basis; where a liability for Guaranteed Monies is incurred in a currency different from the
currency in which the Maximum Liability is stated and the equivalent of that liability in the currency in which the Maximum Liability is stated, calculated at the Exchange Rate, has increased since it was incurred, that increase shall be added to
the Maximum Liability; 
 “person” includes an individual, firm, company, corporation and an unincorporated body of persons;

 “Process Agent” means the person, if any, whose name and address are specified in the Schedule; and 

“Specified Sum” means the sum specified as such in the Schedule. 

 

	2.	 Interpretation 

 

	 	2.01	 Where there are two or more persons comprised in the expression “the Customer” the Guaranteed Monies
shall include all monies and liabilities due owing or incurred to the Bank by such persons whether solely or jointly with one or more of the others or any other person(s) and the expression “the Customer” will be construed accordingly.

  
 Page 1/10 

	 	2.02	 Where the persons comprised in the expression “the Customer” are carrying on business in partnership
under a firm name or are trustees of a trust the Guaranteed Monies (notwithstanding any change in the composition of that partnership) shall include the monies and liabilities which shall at any time be due owing or incurred to the Bank by the
person(s) from time to time carrying on the partnership business under that name or under any name in succession thereto and includes those due from all persons from time to time being trustees of that trust and the expression “the
Customer” shall be construed accordingly. 

  

	 	2.03	 Where there are two or more persons comprised in the expression “the Guarantor” the obligations of
each such person as Guarantor under this Guarantee shall be joint and several. 

  

	3.	 Guarantee 

  

	 	3.01	 In consideration of the Banking Facilities, the Guarantor guarantees to pay the Guaranteed Monies to the Bank
on demand. 

  

	 	3.02	 The liability of the Guarantor under this Guarantee shall not exceed the Maximum Liability.

  

	 	3.03	 The Guarantor shall, subject to Clause 3.02, pay Default Interest (to the extent that it is not paid by the
Customer) on the Guaranteed Monies from the date of demand by the Bank on the Guarantor until the Bank receives payment of the whole of the Guaranteed Monies (both before and after any demand or judgment or any circumstances which restrict payment
by the Customer). 

  

	 	3.04	 A certificate of balance signed by any duly authorised officer of the Bank shall be conclusive evidence against
the Guarantor of the amount of the Guaranteed Monies owing at any time. 

  

	 	3.05	 The Bank shall be entitled to retain this Guarantee and any security it has in respect of the Guaranteed Monies
until it is satisfied that any repayment of the Guaranteed Monies will not be avoided whether as a preference or otherwise. 

  

	4.	 Continuing and Additional Security 

 

	 	4.01	 This Guarantee is a continuing security and shall secure the whole of the Guaranteed Monies until one calendar
month after receipt by the Bank of notice in writing by the Guarantor or a liquidator, receiver or personal representative of the Guarantor (in the event of the death of the Guarantor) to terminate it. In the case of the Guarantor’s death, this
Guarantee shall remain binding as a continuing guarantee on that Guarantor’s heirs, executors, successors or administrators until the expiry of notice given in accordance with this Clause. Nevertheless and despite the giving of such notice,
this Guarantee shall continue to apply to the Guaranteed Monies in respect of which the Customer is or becomes actually or contingently liable up to such termination and the Guarantor guarantees to pay such Guaranteed Monies to the Bank on demand
whether that demand is made before, at the time of or after such termination. 

  

	 	4.02	 Where there is more than one person comprised in the expression the “Guarantor”, any notice under
Clause 4.01 above may be given by any one of the persons comprising the Guarantor. The Bank will treat any such notice as terminating that Guarantor’s liability to the extent provided in Clause 4.01 without affecting or terminating the
obligations or liability of any other person comprising the Guarantor and this Guarantee shall continue to bind those persons as a continuing guarantee. 

  

	 	4.03	 This Guarantee is in addition to, shall not be affected by and may be enforced despite the existence of any
other guarantee or security held by the Bank. 

  

	 	4.04	 Where there is more than one person comprised in the expression “the Guarantor”, if for any reason
this Guarantee is not or ceases to be binding on any Guarantor, it shall subject to Clause 3.01 remain binding as a continuing security on the remaining person(s) comprising the Guarantor. 

 

	 	4.05	 The obligations of the Guarantor under this Guarantee shall not be affected by any of the following:

  

	 	(i)	 any part payment of the Guaranteed Monies by the Customer or any other person; 

 

	 	(ii)	 any change in the name or constitution of the Customer, the Guarantor or the Bank; 

 

	 	(iii)	 any merger, amalgamation, reconstruction or reorganisation affecting the Customer, the Guarantor or the Bank;

  

	 	(iv)	 the death, mental incapacity, bankruptcy, insolvency, liquidation or administration of the Customer or the
Guarantor; and 

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 2/10

	 	(v)	 any other act, omission, event or circumstance which but for this provision would discharge any Guarantor from
liability under this Guarantee. 

  

	5.	 Customer’s Accounts 

The Bank may, at any time and despite the termination of this Guarantee, continue any existing account and open any new account in the name of
the Customer and no subsequent transactions, receipts or payments involving such new accounts shall affect the liability of the Guarantor. 
  

	6.	 Payments 

  

	 	6.01	 Payments by the Guarantor shall be made to the Bank as specified by the Bank without any set-off, counterclaim,
withholding or condition of any kind except that, if the Guarantor is compelled by law to make such withholding, the sum payable by the Guarantor shall be increased so that the amount actually received by the Bank is the amount it would have
received if there had been no withholding. 

  

	 	6.02	 Payment by the Guarantor to the Bank shall be in the currency of the relevant liability or, if the Bank so
agrees in writing, in a different currency, in which case the conversion to that different currency shall be made at the Exchange Rate. The Bank shall not be liable to the Guarantor for any loss resulting from any fluctuation in the Exchange Rate.

  

	 	6.03	 No payment to the Bank under this Guarantee pursuant to any judgment, court order or otherwise shall discharge
the obligation of the Guarantor in respect of which it was made unless and until payment in full has been received in the currency in which it is payable under this Guarantee and, to the extent that the amount of any such payment shall, on actual
conversion into such currency, at the Exchange Rate, fall short of the amount of the obligation, expressed in that currency, the Guarantor shall be liable for the shortfall. 

 

	 	6.04	 Any monies paid to the Bank in respect of the Guaranteed Monies may be applied in or towards satisfaction of
the same in such manner as determined by the Bank or placed to the credit of such account (including a suspense or impersonal account) and for so long as the Bank may determine pending the application from time to time of such monies in or towards
the discharge of the Guaranteed Monies. 

  

	 	6.05	 If any monies paid to the Bank in respect of the Guaranteed Monies are required to be repaid by virtue of any
law relating to insolvency, bankruptcy or liquidation or for any other reason, the Bank shall be entitled to enforce this Guarantee as if such monies had not been paid. 

 

	7.	 Set-off 

The Bank may, at any time and without notice, apply any credit balance to which the Guarantor is entitled on any account with the Bank in or
towards satisfaction of the Guaranteed Monies. For this purpose, the Bank is authorised to purchase, at the Exchange Rate, such other currencies as may be necessary to effect such application with the monies standing to the credit of such account.

  

	8.	 Lien 

The Bank is authorised to exercise a lien over all property of the Guarantor coming into the possession or control of the Bank, for custody or
any other reason and whether or not in the ordinary course of banking business, with power for the Bank to sell such property to satisfy the Guaranteed Monies. 
  

	9.	 Guarantor as Principal Debtor 

As a separate obligation, the Guarantor shall be liable as a principal debtor including, but not limited to, where any liability or obligation
of the Customer for any of the Guaranteed Monies is or becomes unlawful, irrecoverable, invalid or unenforceable for any reason including by reason of any legal limitation, disability or incapacity or any other act, omission or circumstance which,
but for this provision, would discharge the Guarantor to any extent. Any Guaranteed Monies which may not be recoverable from the Customer for any reason whatsoever shall be recoverable by the Bank from the Guarantor as principal debtor by way of
indemnity under this separate obligation, on demand, together with Default Interest thereon in accordance with Clause 3.03 above. 

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 3/10

	10.	 Variation of Terms and Release of Security 

The Bank may at any time and without affecting or discharging this Guarantee or the obligations of the Guarantor: 

 

	 	(i)	 extend, increase, renew, replace or otherwise vary any of the Banking Facilities; 

 

	 	(ii)	 vary, exchange, abstain from perfecting or release any other security or guarantee held or to be held by the
Bank as security for the Guaranteed Monies; 

  

	 	(iii)	 give time for payment or accept any composition from and make any arrangement with the Customer or any other
person; 

  

	 	(iv)	 release any Guarantor from that Guarantor’s obligation under this Guarantee or otherwise and give any time
for payment, accept any composition from or make any arrangement with any Guarantor; 

  

	 	(v)	 make demand under this Guarantee and enforce all or any of the Guarantor’s obligation under this Guarantee
without having enforced or sought to enforce any rights or remedies which the Bank may have in respect of the Guaranteed Monies against the Customer, any other surety or in relation to any other security; or 

 

	 	(vi)	 do or omit to do any thing which but for this provision would discharge any Guarantor from liability under this
Guarantee. 

  

	11.	 Guarantor as Trustee 

 

	 	11.01	 The Guarantor shall not, until the whole of the Guaranteed Monies have been received by the Bank (and even
though the Maximum Liability of the Guarantor may be limited), exercise any right of subrogation, indemnity, set-off or counterclaim against the Customer or any other Guarantor or person or any right to participate in any security the Bank has in
respect of the Guaranteed Monies or, unless required by the Bank to do so, to prove in the bankruptcy or liquidation of the Customer or any other Guarantor. The Guarantor shall hold any amount recovered, as a result of the exercise of any of such
right, on trust for the Bank and shall pay the same to the Bank immediately on receipt. 

  

	 	11.02	 The Guarantor has not taken any security from the Customer or any other Guarantor and agrees not to do so until
the Bank has received the whole of the Guaranteed Monies. Any security taken by the Guarantor in breach of this provision shall be held in trust for the Bank as security for the Guaranteed Monies and all monies at any time received in respect
thereof shall be paid to the Bank immediately on receipt. 

  

	12.	 Negligence in Realisations 

This Guarantee shall not be affected as security for the Guaranteed Monies by any neglect by the Bank, or by any agent or receiver appointed by
the Bank, in connection with the realisation of any other security (whether by way of mortgage guarantee or otherwise) which the Bank may hold now, or at any time in the future, for the Guaranteed Monies. 

 

	13.	 No Waiver 

No act or omission by the Bank pursuant to this Guarantee shall affect its rights, powers and remedies hereunder or any further or other
exercise of such rights, powers or remedies. 
  

	14.	 Assignment 

The Guarantor may not assign or transfer any of its rights or obligations hereunder. The Bank may assign any of its rights hereunder to a
person in whose favour it has made an assignment of all or any of the Banking Facilities. 
  

	15.	 Communications 

Any notice, demand or other communication under this Guarantee shall be in writing addressed to the Guarantor at its registered office address
or at the last address registered with the Bank and if addressed to the Bank at its office specified in the Schedule or such other address as the Bank may notify to the Guarantor for this purpose and may be delivered personally, by leaving it at
such address, by post, facsimile transmission or telex and shall be deemed to have been delivered to the Guarantor at the time of personal delivery or on leaving it at such address if sent by post at the time it would, in the ordinary course of
post, be delivered, if sent by facsimile transmission or telex on the date of despatch, and to the Bank on the day of actual receipt. 

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 4/10

	16.	 Debt Collection and Disclosure of Information 

 

	 	16.01	 The Bank may employ debt collecting agent(s) to collect any sum due under this Guarantee.

  

	 	16.02	 Without prejudicing the rights of the Bank under any other agreement with the Guarantor, the Guarantor consents
to the Bank, for such purposes as the Bank may consider reasonably appropriate, disclosing and/or obtaining information about the Guarantor (including details of all or any transactions or dealings between the Guarantor and the Bank) and this
Guarantee, both within and outside the Hong Kong Special Administrative Region, to or from (as the case may be): 

  

	 	(i)	 any agent, contractor or third party service provider which provides services to the Bank in relation to the
operation of its business (including without limitation administrative, telecommunications, computer, payment or processing services); 

  

	 	(ii)	 credit reference agencies; 

 

	 	(iii)	 any person to whom the Bank proposes to sell, assign or transfer, or has sold, assigned or transferred, all or
any of its rights in relation to this Guarantee or the Banking Facilities; 

  

	 	(iv)	 any company within the HSBC Group, being HSBC Holdings plc and its associated and subsidiary companies from
time to time or any of its or their agents; or 

  

	 	(v)	 any other person, if required or permitted by applicable laws, regulations, regulators’ or other
authorities’ guidelines or judicial process to do so. 

  

	 	16.03	 If any information disclosed by the Guarantor to the Bank includes information of any third party, the
Guarantor confirms and warrants that it has obtained the consent of such third party to the provision of such information to the Bank for such purposes and for disclosure to such persons as referred to in Clause 16.02. The Guarantor agrees to
indemnify and hold the Bank harmless from all costs, penalties, damages and other losses incurred as a result of the Guarantor’s breach of this Clause 16.03. 

 

	17.	 Severability 

Each of the provisions of this Guarantee is severable and distinct from the others and, if one or more of such provisions is or becomes
illegal, invalid or unenforceable, the remaining provisions shall not be affected in any way. 
  

	18.	 Governing Law and Jurisdiction 

 

	 	18.01	 This Guarantee is governed by and shall be construed in accordance with the laws of the Hong Kong Special
Administrative Region (“Hong Kong”). 

  

	 	18.02	 The Guarantor submits to the non-exclusive jurisdiction of the Hong Kong courts but this Guarantee may be
enforced in the courts of any competent jurisdiction. 

  

	 	18.03	 No person other than the Bank and the Guarantor will have any right under the Contracts (Rights of Third
Parties) Ordinance to enforce or enjoy the benefit of any of the provisions of this Guarantee. 

  

	19.	 Governing Version 

A Chinese translation of this Guarantee shall be provided to the Guarantor upon request. The English version is the governing version and shall
prevail whenever there is any discrepancy between the English version and the Chinese version. 
  

	20.	 Process Agent 

If a Process Agent is specified in the Schedule, service of any legal process on the Process Agent shall constitute service on the Guarantor.

  

	21.	 Headings 

In this Guarantee the headings are for guidance only and shall not affect the meaning of any clause. 

 

	22.	 Execution 

IN WITNESS WHEREOF this Guarantee has been executed and delivered by the Guarantor as a deed on 19 Nov 2018. 

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 5/10

 Schedule 
  

			
	 Details of Customer
  

	1.	  	 Name (in Block Letters): SHANGHAI TONGGOU INFORMATION
SCIENCE & TECHNOLOGY CO., LTD
 Address:
 ROOM 302, 3/F,
1000 TIANYAOQIAO ROAD, XUHUI, SHANGHAI, CHINA
  

	2.	  	 Name (in Block Letters):

Address:
  

	3.	  	 Name (in Block Letters):

Address:
  

	4.	  	 Name (in Block
Letters):
 Address:
  

	
	 Details of Guarantor
  

	1.	  	 Name (in Block Letters): ECMOHO (HONG KONG)
LIMITED
 Address:  FLAT/RM 9 4/F BEVERLEY COMMERCIAL CENTRE 87-105 CHATHAM ROAD SOUTH TSIM SHA TSUI KL
HK

		 
		  	 Identification Document Type and Number:

Name of Process Agent:
 Address of Process Agent:

 

	2.  	  	 Name (in Block Letters):

Address:

		 
		  	 Identification Document Type and Number:

Name of Process Agent:
 Address of Process Agent:

 

	3.	  	 Name (in Block Letters):

Address:

		 
		  	 Identification Document Type and Number:

Name of Process Agent:
 Address of Process Agent:

 

	4.	  	 Name (in Block Letters):

Address:

		 
		  	 Identification Document Type and Number:

Name of Process Agent:
 Address of Process Agent:

 

	
	 Specified Sum (in relation to the definition of Maximum Liability)

 

	 	  	Amount: CNY11,000,000
	  
 Address of Bank’s Office (for the purpose of
Clause 15 only)
  

	 	  	27/F, HSBC BUILDING, SHANGHAI IFC, 8 CENTURY AVENUE, PUDONG, SHANGHAI, CHINA

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 6/10

			
	 Execution by Limited Company

 
 A. Executed under the Seal
of the Guarantor in the presence of the following Director(s) and/or Secretary
  

	Name of Guarantor:	  	 
	 Signature of Director/Secretary

/s/ Zeng Qingchun
	  	 Signature of Director/Secretary

Ecmoho (Hong Kong) Limited (seal)
  

	 Full Name (in Block Letters)

ZENG QINGCHUN
  
	  	 Full Name (in Block Letters)

 

	 Address

990 Yongfeng Street Donglian County, Tongling, Anhui, China
  
	  	Address
	 Identification Document Type and Number

PRC ID ***
  
	  	Identification Document Type and Number
	 Duly Authorised by a Board Resolution Dated

2018.11.19.
  
	  	Duly Authorised by a Board Resolution Dated
		
	 Witnessed by:
  
	  	
	 Signature of
Witness
  
	  	Signature of Witness
	 Full Name (in Block Letters)

 
	  	Full Name (in Block Letters)
	 Office

 
	  	Office
	 Identification Document Type and Number

 
	  	Identification Document Type and Number
	    	  	
	Name of Guarantor:	  	 
	 Signature of Director/Secretary

 
	  	Signature of Director/Secretary
	 Full Name (in Block Letters)

 
	  	Full Name (in Block Letters)
	 Address

 
	  	Address
	 Identification Document Type and Number

 
	  	Identification Document Type and Number
	 Duly Authorised by a Board Resolution Dated

 
	  	Duly Authorised by a Board Resolution Dated
		
	 Witnessed by:
  
	  	
	 Signature of Witness

 
	  	 Signature of Witness

 
  

	 Full Name (in Block Letters)

 
	  	Full Name (in Block Letters)
	 Office

 
	  	Office
	 Identification
Document Type and Number
  
	  	Identification Document Type and Number

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 7/10

			
	Name of Guarantor:
	 Signature of Director/Secretary

 
	  	 Signature of Director/Secretary

 
  

	 Full Name (in Block Letters)

 
	  	Full Name (in Block Letters)
	 Address

 
	  	Address
	 Identification Document Type and Number

 
	  	Identification Document Type and Number
	 Duly Authorised by a Board Resolution Dated

 
	  	Duly Authorised by a Board Resolution Dated
		
	 Witnessed by:
  
	  	
	 Signature of
Witness
  
	  	Signature of Witness
	 Full Name (in Block Letters)

 
	  	Full Name (in Block Letters)
	 Office

 
	  	Office
	 Identification Document Type and Number

 
	  	Identification Document Type and Number
	    	  	
	Name of Guarantor:	  	 
	 Signature of Director/Secretary

 
	  	 Signature of Director/Secretary

 
  

	 Full Name (in Block Letters)

 
	  	Full Name (in Block Letters)
	 Address

 
	  	Address
	 Identification Document Type and Number

 
	  	Identification Document Type and Number
	 Duly Authorised by a Board Resolution Dated

 
	  	Duly Authorised by a Board Resolution Dated
		
	 Witnessed by:
  
	  	
	 Signature of
Witness
  
	  	Signature of Witness
	 Full Name (in Block Letters)

 
	  	Full Name (in Block Letters)
	 Office

 
	  	Office
	 Identification Document Type and Number
	  	Identification Document Type and Number

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 8/10

			
	 B. Executed as a deed and signed by the following Director(s) and, if
applicable, Secretary on behalf of the Guarantor:
  

	Name of Guarantor:	  	 
	Signature of Director/Secretary	  	 Signature of
Director/Secretary
  

	Full Name (in Block Letters)	  	 Full Name (in Block
Letters)
  

	Address	  	 Address

 

	Identification Document Type and Number	  	 Identification
Document Type and Number
  

	Duly Authorised by a Board Resolution Dated	  	 Duly Authorised by a
Board Resolution Dated
  

		
	 Witnessed by:
  
	  	
	Signature of Witness	  	 Signature of
Witness
  

	Full Name (in Block Letters)	  	 Full Name (in Block
Letters)
  

	Office	  	 Office

 

	Identification Document Type and Number	  	 Identification
Document Type and Number
  

		
	 Name of Guarantor:
  
	  	
	Signature of Director/Secretary	  	 Signature of
Director/Secretary
  

	Full Name (in Block Letters)	  	 Full Name (in Block
Letters)
  

	Address	  	 Address

 

	Identification Document Type and Number	  	 Identification
Document Type and Number
  

	Duly Authorised by a Board Resolution Dated	  	 Duly Authorised by a
Board Resolution Dated
  

		
	 Witnessed by:
  
	  	
	Signature of Witness	  	 Signature of
Witness
  

	Full Name (in Block Letters)	  	 Full Name (in Block
Letters)
  

	Office	  	 Office

 

	Identification Document Type and Number	  	 Identification
Document Type and Number
  

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 9/10

			
	Name of Guarantor:	  	 
	Signature of Director/Secretary	  	 Signature of
Director/Secretary
  

	Full Name (in Block Letters)	  	 Full Name (in Block
Letters)
  

	Address	  	 Address

 

	Identification Document Type and Number	  	 Identification
Document Type and Number
  

	Duly Authorised by a Board Resolution Dated	  	 Duly Authorised by a
Board Resolution Dated
  

		
	 Witnessed by:
  
	  	
	Signature of Witness	  	 Signature of
Witness
  

	Full Name (in Block Letters)	  	 Full Name (in Block
Letters)
  

	Office	  	 Office

 

	Identification Document Type and Number	  	 Identification
Document Type and Number
  

	    	  	
	Name of Guarantor:	  	 
	Signature of Director/Secretary	  	 Signature of
Director/Secretary
  

	Full Name (in Block Letters)	  	 Full Name (in Block
Letters)
  

	Address	  	 Address

 

	Identification Document Type and Number	  	 Identification
Document Type and Number
  

	Duly Authorised by a Board Resolution Dated	  	 Duly Authorised by a
Board Resolution Dated
  

		
	 Witnessed by:
  
	  	
	Signature of Witness	  	 Signature of
Witness
  

	Full Name (in Block Letters)	  	 Full Name (in Block
Letters)
  

	Office	  	 Office

 

	Identification Document Type and Number	  	 Identification
Document Type and Number
  

  

			
	LETTER OF GUARANTEE (Limited Amount)	  	Page 10/10

 To: HSBC Bank (China) Co., Ltd. Shanghai Branch 

Pledge Agreement on Accounts Receivable 
 1.
    Definition 
 1.1. Definition 
 The
“Bank” means HSBC Bank (China) Company Limited and its successors and assigns, including any of its branches; 
 “Bank credit granting”
means the loan or other credit provided or continuously provided by the Bank to the Client or (as required by the Client) other persons; 

“Customer” means the person whose name and address are listed in Appendix 1; 

“Determining period of claim” means the period during which the claims are specified in Appendix 1. The period of determination of such claims may
be extended upon the consent of the Pledgor. For the avoidance of doubt, in the event of an event or situation as specified in Article 5.1 of the Agreement, the Bank may, at its discretion, shorten the period during which the claim is determined;

 “Debtor of accounts receivable” means a person, listed in Appendix 1, whose name corresponds to the accounts receivable that may bear the
payment obligations, or any person whose name is not included in Appendix 1 is likely to bear the payment obligation for the accounts receivable; 

“Foreign exchange rate” refers to the exchange rate used by the Bank in the relevant foreign exchange market when the currency is exchanged for
another currency at a certain time. The Bank’s decision is final and binding upon the Pledger. 
 “Maximum debt” means the maximum amount of
debt as stated in Appendix 1; 
 “Persons” include individuals, trade names, companies, legal persons and groups without legal person status; 

“Pledgor” means the person whose name and address are listed in Appendix 1; 

For the purposes of the Agreement, “China” means the People’s Republic of China excluding the Hong Kong Special Administrative Region, the
Macao Special Administrative Region and Taiwan; 
 “Receipt Account” refers to the accounts opened by the Pledgor at the Bank or specified by the
Bank from time to time (whether in the name of the Pledgor or in the name of the Bank), with all accounts receivable deposited in accordance with Article 4.1(b); 

“Accounts Receivable” refer to the accounts receivable listed in the description of accounts receivable in Appendix 1, i.e. the Pledgor’s
rights of the debtor of accounts receivable that may be generated due to the underlying transaction or under the underlying transaction, including the rights or benefits corresponding to the money debt of the debtor of the accounts receivable
(whether existing or existing, or actual or contingent): 
 “Guaranteed debts” refer to (i) all contractual monetary obligations in any
currency incurred by the client and owed to the Bank at any time during the period of determining the creditor’s rights; whether such debts are owed payment under the Bank credit granting, or the amount related to the Bank credit granting,
payment owed either separately or jointly with any other person, or actual, contingent, current or future owed payment in any capacity (including in the capacity of the principal debtor or the Guarantor), and (ii) all interest (including
interest penalty, if any) arising on such debts (before the claim or judgment and after the claim or judgment); in order to avoid ambiguity, all debts owed by the client to the Bank at the beginning of the period of determining the creditor’s
rights are parts of the guaranteed amount and are guaranteed under the Letter of Guarantee. 
 “Basic Transaction” means a contract, invoice or
transaction, as contained in the description of accounts receivable in Appendix 1, that may incur the accounts receivable due to it or under its terms, or if it is not included in the description, it means (to the extent permitted by law) any
contract or transaction that may incur accounts receivable due to it or under its terms. 
 1.2. Interpretation 

  
 Page 1/10 

 Any agreement or document refers to the agreement or document as amended, transferred,
revised, renewed or re-stated. A certain legal provision refers to a provision which is amended or re-enacted and includes any subordinate provision. 

 

	2.	 Pledge 

  

	2.1.	 The Pledgor, as the creditor and owner of the accounts receivable, agrees to pledge the accounts receivable to
the Bank in the form of the first-order pledge as a guarantee for repaying the guaranteed debt. The pledge established under the Agreement is the maximum pledge, and the guaranteed debt guaranteed by it is to the extent of the maximum debt.

 For the avoidance of doubt, the pledge established under the Agreement covers the guaranteed debt owed to any branch of
the Bank. 
  

	2.2.	 The Pledgor shall fully compensate for all expenditures (including attorneys’ fees) incurred by the Bank
for the performance of the Agreement. 

  

	2.3.	 For the Pledger, a certificate of arrears signed by any officially authorized staff of the Bank shall, in the
absence of any apparent error, be a final evidence of the amount of the outstanding guaranteed debt. 

  

	2.4.	 In order to protect the interests of the Bank in respect of the guaranteed debt, the Bank is entitled to
maintain the guarantees under the Agreement during the period when the Bank proves to the Pledgor that it is appropriate. 

  

	3.	 Continuous and additional guarantees 

The pledge under the Agreement is a guarantee that is added to any other warranties, mortgages, pledges or other guarantees held by the Bank
and is not subject to or affected by any such other warranties, mortgages, pledges or other warranties, moreover, the pledge under the Agreement may be enforced regardless of the existence or waiver of any such other warranties, mortgages, pledges
or other warranties. The Bank has no obligation to perform any other warranties, mortgages, pledges or guarantees (whether provided by the Client, Pledgor or any other person) before the execution of the pledge under the Agreement, exercises any
rights or requires the Client or any other person to make a payment. 
  

	4.	 Commitment 

  

	4.1.	 The Pledgor commits that: 

 

	 	(a)	 it is the sole creditor and owner of the receivables and there are no guarantees, interests, encumbrances,
claims or other benefits on the accounts receivable (other than those arising from the Agreement) 

  

	 	(b)	 it will recover the accounts receivable in the normal course of business and cash them, and immediately deposit
such proceeds into the collection account upon receipt of any receivables, and ensure that the relevant debtors of the accounts receivable pay the proceeds of the accounts receivable to the collection account until the Pledgor or Bank issues a
notice in accordance with Article 4.1(d); 

  

	 	(c)	 shall not withdraw, transfer, pledge, limit by encumbrance, transfer or otherwise dispose of or deal with any
part of the money in the collection account or any interest thereon; 

  

	 	(d)	 At the request of the Bank at any time, in accordance with the format set out in Appendix 2 (or other format
required by the Bank from time to time), the notice of the pledge of accounts receivable is issued to the relevant debtor of the accounts receivable, provided that this article does not prevent that the Bank, in the name of the Bank or ( pursuant to
the powers conferred by Article 7.1), or in the name of the Pledgor’s agent, issue the pledge notice of accounts receivable under the Agreement to the relevant debtor of the accounts receivable or any other person as it deems appropriate, in
the form it thinks fit, (the Pledgor hereby authorizes the Bank to issue such notice); 

  

	 	(e)	 shall not transfer, pledge, discount, limit by encumbrance, transfer or otherwise dispose of or deal with any
part of the accounts receivable or any interest thereon, or waive or modify any of its interests in such money (except for the payment, receipt and acceptance of such money, except as required by the Bank’s written instructions;

  
 Page 2/10 

	 	(f)	 shall not engage in any act or omission that may prejudice the validity of the Agreement or the pledge under
the Agreement or the rights, interests or powers of the Bank under the Agreement; 

  

	 	(g)	 perform the obligations under the basic transaction with due diligence as soon as possible; take all
reasonable, prudent and necessary measures to ensure that other participants in the basic transaction properly perform the obligations under the basic transaction; and develop and maintain all procedures required or appropriate for the enforcement
of basic transaction or maintenance or protection of the Pledgor’s interest under the basic transaction; 

  

	 	(h)	 notify the Bank of the default of the Pledgor and/or other parties to the basic transaction under the basic
transaction, any disputes, defenses, counterclaims or offsets filed by the debtor of the accounts receivable with respect to the basic transaction or related to any account receivable, and any legal proceedings for the application, implementation or
enforcement of accounts receivable; 

  

	 	(i)	 comply with all information protection, privacy and similar laws applicable to the debtor of accounts
receivable and in formation of accounts receivable, and take appropriate and reasonable action under these laws to assist and facilitate the Bank’s use, processing and transmission of such information; 

 

	 	(j)	 The Pledge Registration Agreement on Accounts Receivable (hereinafter referred to as the “Registration
Agreement”) shall be signed in accordance with the content and format required by the Bank, and the Bank giving the authorization shall, according to the Agreement and the Registration Agreement, pledge and register the accounts receivable in
the pledge registration and publicity system of accounts receivable of the Credit Reference Center, the People’s Bank of China and the relevant registration shall be the registration of first order; and 

 

	 	(k)	 If the Pledgor’s relevant information such as the legal registration name, registered address,
registration number, legal representative or name of the person responsible changes, the Bank shall be notified in writing immediately after such change occurs. 

 

	4.2.	 Notwithstanding the provisions of the Agreement, the Pledgor shall still perform all of its obligations under
the basic transaction and the Bank shall not be liable for any obligations or responsibility arising out of the Agreement or any reason arising therefrom. 

  

	5.	 Enforcement of guarantee 

 

	5.1.	 If: 

  

	 	(a)	 The Client fails to repay any due guaranteed debt (including the debt after expedited expiration);

  

	 	(b)	 The Pledgor violates any term of the Agreement; 

 

	 	(c)	 The Pledgor is unable to or acknowledges that it is unable to repay the debt due, or has gone through the
insolvency, bankruptcy, liquidation or similar legal proceedings against it; or 

  

	 	(d)	 Where the legal proceedings against accounts receivable or other assets of the Pledgor are applied, performed
or enforced, 

 the Bank has the right to perform the Agreement in accordance with any applicable law and without prejudice
to the above general provisions, the Bank: 
  

	 	(A)	 may receive accounts receivable or enforce payment of accounts receivable; 

 

	 	(B)	 may negotiate or reach a compromise with the debtor of accounts receivable; 

 

	 	(C)	 may institute any legal proceedings under or in connection with the basic transaction or accounts receivable;
and/or 

  

	 	(D)	 without making a request, giving notice, initiate legal proceedings or take any other action against the
Pledgor, it may retain all or any part of the accounts receivable for its own benefit at any time it deems appropriate, in any manner it deems appropriate, the accounts receivable or the use of all or any part of the accounts receivable for the
settlement of the guaranteed debts without any restrictions or claims, and the Bank is not responsible for any losses caused by any of the above actions. 

  
 Page 3/10 

	5.2.	 If the currency type of the accounts receivable differs from the currency of the guaranteed debt, the Pledgor
here irrevocably authorizes the Bank and/or any person designated by the Bank to directly receive the accounts receivable without obtaining the consent of the Pledgor. Converted into a currency of guaranteed debt at the foreign exchange rate for the
purpose of repaying the guaranteed debt and sign any documents required for the purpose of such redemption or to take any action for the purpose of such redemption on behalf of the Pledgor. 

 

	6.	 Waiver of defense 

The Pledgor hereby approves and agrees to the following contents and agrees that its obligations under the Agreement shall not be dissolved,
weakened, damaged, reduced or adversely affected by any of the following, and shall waive any legal or other rights (including but not limited to the right to be notified) that may be caused by any of the following or be related to any of the
following: 
  

	 	(a)	 Any amendment or change to the clauses on the bank credit, or any extension or renewal of the bank credit;

  

	 	(b)	 any adjustment, grace, extension, grace period, waiver, consent or compromise given by the Bank to the Client,
Pledgor, debtor of accounts receivable or any other person who is obligated to pay any or all of the guaranteed debts; 

  

	 	(c)	 any warranty or guarantee at any time relating to all or any part of the guaranteed debts or used to secure or
guarantee the payment of all or any part of the guaranteed debts are discharged, exchanged, subordinated or lost; 

  

	 	(d)	 The Bank or any other person fails to perform the obligation of prudence and reasonable care, when preserving,
protecting, executing, selling or otherwise disposing of all or any part of any guarantee; 

  

	 	(e)	 the client or Pledgor is reorganized, combined or merged by any other person or reorganized, combined or merged
with any other person; 

  

	 	(f)	 any terms of the Letter of Credit Granting, loan contract and/or similar financing documents relating to the
guaranteed debt are invalid or unenforceable: or 

  

	 	(g)	 In case of no article, any action or non-action may exempt the
Pledgor’s obligations under any part of the Agreement. 

  

	7.	 Power of Attorney; Further Commitment 

 

	7.1.	 The Pledgor here irrevocably appoints the Bank as its true and legal agent (with full agency power), in the
name of the Pledgor and on behalf of the Pledgor, to conclude or sign all rights certificates, agreements or documents, perform its obligations under the Agreement for the Pledgor (including but not limited to the issuance of notices relating to the
Agreement) or enable the Bank to enjoy all the benefits of the Agreement and its rights and powers granted hereof and the Bank deems appropriate, and in the name of the Pledgor and on behalf of the Pledgor, take all actions and matters perform its
obligations under the Agreement for the Pledgor (including but not limited to the issuance of notices relating to the Agreement) or enable the Bank to enjoy all the benefits of the Agreement and its rights and powers granted hereof and the Bank
deems appropriate. The Pledgor agrees and confirms all acts performed by the Bank in its capacity as an agent when exercising or claiming to exercise the powers conferred on it by this article. 

 

	7.2.	 Where the Bank considers that it benefits the Bank to exercise the powers and rights conferred by the
Agreement, the Pledgor shall sign the relevant documents and make relevant acts at the request of the Bank. 

  

	8.	 Payment 

  

	8.1.	 Any amount paid to the Bank for the guaranteed debts may be used to settle the guaranteed debt or credited to
the account (including the suspense account) determined by the Bank. 

  

	8.2.	 If any payment of the relevant guaranteed debts to the Bank should be returned or any payment, guarantee or
other disposal becomes invalid, should be revoked or returned due to any law relating to insolvency, bankruptcy or liquidation or for any other reason, but the Bank makes any exemption, discharge or arrangement in whole or in part based on such
payment, guarantee or other disposal, the Pledgor’s liability under the Agreement shall continue or be restored as if such payment, exemptions, discharge or arrangements have never occurred. 

  
 Page 4/10 

	9.	 Subordinate 

  

	9.1.	 Before the Bank receives the full guarantee debts, the Pledgor shall not exercise any right of subrogation,
indemnity, set-off or counter-claims against the Client, or exercise any right to participate in any guarantee of the guaranteed debt held by the Bank; or, unless the Bank requires to do so, the
creditor’s rights may not be proved in the course of bankruptcy or liquidation of the client. The Pledgor shall hold any money recovered from the exercise of any such rights for the Bank’s benefit trust and shall pay the money to the Bank
immediately upon receipt of the money. 

  

	9.2.	 The Pledgor has not yet accepted any guarantee from the client and the Pledgor agrees to accept any guarantee
from the client before the Bank receives the full guaranteed debt. Any guarantee accepted by the Pledgor in violation of the article shall be held for the Bank’s benefit trust as a security for the guaranteed debt and all payments received in
respect of such guarantee at any time must be paid to the Bank immediately upon receipt. 

 9.3. Article 9 applies only the case when the
Pledgor and the Client are not the same person. 
  

	10.	 No waiver 

Any failure to exercise or delay in exercising any of the rights or remedies under the Agreement shall not be deemed a waiver of such right or
remedy, and any exercise of any right or remedy, alone or in part, shall not prejudice any further exercise of that right or remedy or exercise of other means or impede the exercise of any other right or remedy. 

 

	11.	 Consent 

The Pledgor agrees that the Bank may disclose to the following persons for the purposes deemed reasonable and appropriate by the Bank and/or
obtain information about the Pledgor from the following persons (including details of all or any transactions or dealings between the Pledgor and the Bank): 
  

	 	(a)	 Any agent, contractor or third party service provider (whether within or outside China) that provides the Bank
with services including administrative, telecommunications, computer, payment, program processing or other banking-related services; 

  

	 	(b)	 Credit counseling service institution; 

 

	 	(c)	 any person to whom the Bank is obliged to disclose it under any applicable law, regulation or judicial
procedure; and 

  

	 	(d)	 any actual or potential participant or sub-participant of the
guaranteed debt (or any part thereof). 

 If such information includes personal or other information of any third party or
individual, the Pledgor confirms and warrants that it has obtained the consent of such third party or individual and agrees to provide such information to the Bank for such purposes and disclose such information to the persons mentioned in the
article. The Pledgor will bear and compensate the Bank for all costs, fines, damages and other losses caused by the Pledgor’s violation of any provision of the article. 
  

	12.	 Transfer 

The Pledgor shall not assign or transfer any of its rights or obligations under the Agreement. The Bank may transfer the Bank’s all or
part of rights under the Agreement to persons who have accepted the all or any part of bank credit granting and/or guaranteed debts. 
  

	13.	 Severability 

If any provision of the Agreement is or is not legal, invalid or unenforceable in any jurisdiction, the legality, validity and enforceability
of the other terms of the Agreement in that jurisdiction and such terms and other terms of other jurisdictions should not be affected or impaired therein. 

  
 Page 5/10 

	14.	 Governing laws and jurisdiction 

 

	14.1.	 The Agreement shall be governed by Chinese law. 

 

	14.2.	 The parties to the Agreement agree to submit the jurisdiction of the Chinese court at the place where the main
business place of the Bank Branch indicated on the first page. Article 14.2 will not restrict the Bank’s right to sue against the Pledgor to any other court with competent jurisdiction with respect to the pledge under the Agreement.

  

	15.	 Address and service 

The Pledgor confirms that the address listed in the Agreement or otherwise retained by the Bank for the purposes of communication, or (if
applicable), the address of its delivery agent is the receipt of notice or document under the Agreement or in connection with the Agreement (including documents sent by the court or arbitral authority relating to litigation or arbitration). For the
Pledgor, any notice or document sent to or retained at the above-mentioned designated address, the Pledgor’s registered address, or returned from the above-mentioned designated address or the Pledgor’s registered address will be deemed to
have been served. 
  

	16.	 Signature 

The Agreement has been signed on the date set out in Appendix 1. 

  
 Page 6/10 

 Signed by the Pledgor: 

Pledgor: Shanghai Tong Gou Information Technology Co., Ltd. (seal) 
  

					
	 Signature of authorized signatory:
  

Special Seal for the Finance of
Shanghai Tong Gou Information
Technology Co., Ltd. (Seal)

Wang Wei (seal)
	  	Signature of authorized signatory:	  	Corporate seal
	 Name
 Wang Wei
	  	Name
	 Identity certification type and No.
 ID card
No. ***
	  	Identity certification type and No.

 Signed by the Bank: 
 Bank:
Shanghai Branch of HSBC Bank (China) Company Limited 
  

			
	Signature of authorized signatory:	  	Signature of authorized signatory:
		
	Name: /s/ Fan Xiaodan	  	Name

  
 Page 7/10 

 Appendix 1 

Details of the client 
  

			
	 Name

Shanghai Tong Gou Information Technology Co., Ltd.
	  	 Address

Room 302, 3/F, No. 1000 Tianyaoqiao Road, Xuhui District, Shanghai, China

 The Pledgor’s details 
  

			
	 Name

Shanghai Tong Gou Information Technology Co., Ltd.
	  	 Address

Room 302, 3/F, No. 1000 Tianyaoqiao Road, Xuhui District, Shanghai, China

 The date of signing the Agreement 
  

	
	November 19, 2018

 Determination period of claim 
  

	
	From November 15, 2018 to November 14, 2023

 Maximum debt 
  

	
	RMB 21,000,000.00

 Description of accounts receivable (pledged property) (please select the applicable party) 

 

					
	
☑
	  	 (1)
	 	The Pledgor’s existing and future accounts receivable for each debtor of accounts receivables as follows.
	 		 
	
☐
	  	 (2)
	 	Under the contract between the Pledgor and each debtor of accounts receivables as follows (the details of such contracts are listed next to the names of the debtors of
such accounts receivables) (including any modifications), the Pledgor’s all existing and future accounts receivables for such debtors of accounts receivable.
	 		 
	
☐
	  	 (3)
	 	Under the invoices issued by the Pledgor listed in the following invoice list or in connection with such invoices, the Pledgor‘s present and future accounts
receivable for each debtor of the accounts receivable.
	 		 
	
☐
	  	 (4)
	 	All the Pledgor’s all existing and future accounts receivables.
	 		 
	
☐
	  	 (5)
	 	All existing and future receivables that are generated by the Pledgor from time to time due to the use, operation, sale, supply, lease, license, transfer or other means of
disposal of the following underlying assets.
	 		 
	
☐
	  	 (6)
	 	Others (please describe herein):

  
 Page 8/10 

 Details of debtor of accounts receivable and the contract (if Items (1), (2) or (3) is selected in the
above description of the accounts receivable, please fill in the name and address of debtor of accounts receivable; if Item (2) is selected in in the above description of the accounts receivable, please fill in the name and date/number of the
contract) 
  

			
	 Name of debtor of accounts
receivable
 Zhejiang Youji Supply Chain Management Co., Ltd.
	  	Name of the contract
	 	 
	 Address of debtor of accounts
receivable
 Room 701, Building 2, No.11, Keyuan Road, Wuyang Street, Deqing County, Huzhou City, Zhejiang Province
	  	Date/No. of contract signed

 Invoice list (if select (3) in the above description of accounts receivable, please fill in) 

 

									
	Invoice number	  	Debtor of accounts receivable	  	Billing date	  	Goods or services	  	Amount
	 	 		 	 
	 	  	 	  	 	  	 	  	 
	 	 		 	 
	 	  	 	  	 	  	 	  	 
	 	 		 	 
	 	  	 	  	 	  	 	  	 

 Underlying assets (if select (5) in the above description of accounts receivable, please describe the relevant assets,
such as the address of the real estate or the name/category of the goods) 

 

     

  
 Page 9/10 

 Appendix 2 

Pledge notice on accounts receivable (format) 

To: Zhejiang Youji Supply Chain Management Co., Ltd. 
 [Pledge
Agreement on Accounts Receivable] (“Agreement”) signed on November 19, 2018 
 We hereby notify you of our rights to you, including the
rights or interests (“Accounts Receivable”) related to your monetary debts (whether existing or future, or actual or contingent), have been pledged by the Agreement to Shanghai Branch of HSBC Bank (China) Company Limited (“the
Bank”): (please select the applicable one) 
  

	☑	 Any contract or transaction between you and us. 

 

	☐	 The date between you and us is (including any modifications). 

 

	☐	 The invoice issued by our company listed in the invoice list attached to this notice. 

Based on the Agreement, you must pay all the amounts under accounts receivable or due amount and amount to be due but payable to the following account in the
Bank or other account indicated by the Bank, or the person indicated by the Bank in the manner indicated by the Bank. 
  

					
	Account Name: Shanghai Tong Gou Information Technology Co., Ltd.	  	Bank: Shanghai Branch of HSBC Bank (China) Company Limited	  	Account number: ***

 Without the prior written consent of the Bank, we may not revoke or change the above authorizations and instructions. 

Please sign a copy attached to this notice and return it to the Bank to confirm receipt of this notice. By signing a copy of this notice, you acknowledge that
you have not received a notice from the third party that you have any interest in the accounts receivable, or that the legal process for accounts receivable has been applied for, implemented or enforced, and you agree to The Bank will be notified in
writing of any such notice in the future. . 
  

			
	 Signed by the Pledgor

Special Seal for the Finance of Shanghai Tong Gou Information
Technology Co., Ltd. (Seal)

Shanghai Tong Gou Information Technology Co., Ltd. (Seal)

Wang Wei (Seal)
	  	Pledgor name: Shanghai Tong Gou Information Technology Co., Ltd.,
	  	Date: 11/19/2018

 To: HSBC Bank (China) Company Limited Shanghai Branch 

We confirm, agree and accept the above. 
  

			
	 Recipient signing

/s/                         
   
	  	Recipient Name: Zhejiang Youji Supply Chain Management Co., Ltd.
	  	date

  
 Page 10/10 

 To: HSBC Bank (China) Co., Ltd. Shanghai Branch 

Deposit Pledge 
 1. For the purpose hereof: 

“Designated account” refers to the account opened by us at the HSBC Bank (China) Co., Ltd. Shanghai Branch (the “Bank”), with details set
out in the appendix hereto. 
 “Foreign exchange rate” refers to the exchange rate used in the relevant foreign exchange markets and determined by
the Bank when one currency is exchanged for another currency at the relevant time. The decision of the Bank is final and binding on us. 
 “Protection
and indemnity obligations” refer to, concerning relevant bank document, all debts and costs of any nature which may be incurred to the Bank due to the Bank’s issue, acceptance and performance or promise of payment of relevant bank
document, may be borne or suffered by the Bank or occur and are related to the Bank’s issue, acceptance and performance or promise of payment of relevant bank document, or are aroused due to the Bank’s issue, acceptance and performance or
promise of payment of relevant bank document in any way, as well as obligations for our arrears for the Bank occurring in any way under any agreement, protection and indemnity, commitment or document as related to or due to the Bank’s issue,
acceptance and performance or promise of payment of relevant bank document. 
 “Loan obligations” refer to, concerning a sum of loan, (1) all
obligations to be fulfilled by us for the Bank under or relating to the relevant loan, or agreement, protection and indemnity, commitment or document, no matter whether existing, upcoming, actual or contingent, and (2) interests of such
obligations (including default interests, if any), no matter before or after be required or judged by the Bank. For the avoidance of ambiguity, loan obligations include (when applicable) obligations to be fulfilled by us for the Bank in the
situation where we exercise the right recourse relating to any discount business at the Bank. 
 “Persons” include individuals, firms, companies,
legal persons and groups without legal personality. 
 “China”, for the purpose of the Agreement, refers to areas of the People’s Republic of
China other than the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan. “Relevant bank document” refers to: 

(a) any L/G, guarantee, protection and indemnity, L/C or standby L/C issued or to be issued by the Bank, or any other commitment or debt burden; or 

(b) any bank acceptance bill accepted or to be accepted by the Bank, with details of such documents set out in the appendix hereto. 

“Relevant loan” refers to: 
 (a) any loan, provision,
discount or other financing provided or to be provided by the Bank for us or as required by us, with details set out in the appendix; or 
 (b) any loan,
provision, discount or other financing provided or to be provided by the Bank for us or as required by us for the purpose of financing, payment or fulfillment of protection and indemnity obligation. 

“Relevant transaction” refers to relevant bank document or relevant loan. 

“Guaranteed obligations” refer to protection and indemnity obligations and/or loan obligations. 

Any agreement or document refers to the agreement or document as amended, transferred, revised, renewed or re-stated.
A certain legal provision refers to a provision which is amended or re-enacted and includes any subordinate provision. 

  
 1 

	2.	 We hereby unconditionally and irrevocably agree to fulfill the guaranteed obligations relating to each relevant
transaction for the Bank, and authorize the Bank to immediately debit a sum of monies from the designated account, such as monies specified in the appendix, as a sum of deposits for the guaranteed obligations (the “Deposits”).

  

	3.	 The Deposits bear no interests. 

 

	4.	 The Bank is entitled to hold each sum of Deposits and deposit them into any account in the name of the Bank or
designated or maintained by the Bank. We agree to pledge the Deposits to the Bank as the guarantee for relevant guaranteed obligations. Each pledge over the Deposits hereunder (the “Pledge”) is an irrevocable and continuous guarantee, and
shall be continuously and fully effective before we have fully and finally fulfilled any and all relevant guaranteed obligations in a way satisfactory to the Bank. If the currency of the Deposits is different from that of the guaranteed obligations
and the percentage of the Deposits in the guaranteed obligations declines due to a change in the foreign exchange rate, we will unconditionally agree to add the deposits (such deposits constitute a part of the “Deposits” defined hereunder)
as required by the Bank, so that the percentage of the Deposits (including such added deposits) in the guaranteed obligations remains unchanged at the time of calculation by the foreign exchange rate applicable at that time. 

 

	5.	 We hereby irrevocably agree and authorize the Bank to directly deduct any deposits at any time for the
fulfillment of relevant guaranteed obligations, with no need to notify us in advance. If the currency of the Deposits is different from that of the guaranteed obligations, we hereby irrevocably authorize the Bank and/or any person designated by the
Bank to directly convert the Deposits into the currency of the guaranteed obligations by the foreign exchange rate at any proper time as deemed by the Bank and/or the person, with no need to otherwise obtain our consent, in order to immediately
fulfill the guaranteed obligations (no matter whether mature or not) or credit them into an account determined by the Bank (including temporary account), and sign any document on behalf of us or take any necessary action for the purpose of such
conversion. If the Bank cancels the pledge over the Deposits in whole or in part at its own discretion, the Bank will be entitled to pay relevant Deposits by cash, transfer (to the designated account or any other account determined by the Bank)
and/or any other payment instrument. We agree that the partial cancellation of any pledge will not affect or impair the legitimacy, effectiveness or enforceability of the pledge over the remaining Deposits or any other pledge in any respect.

  

	6.	 A certificate of debts signed by any appropriately authorized employee of the Bank shall, in the absence of any
obvious error, be a final proof of the unpaid amount of the guaranteed obligation for us. 

  

	7.	 The pledge hereunder is a guarantee other than any other warranty, mortgage, pledge or guarantee (no matter
whether provided by the debtor of the guaranteed obligations) held by the Bank, and is not restricted or affected by such other warranty, mortgage, pledge or guarantee. No matter whether such other warranty, mortgage, pledge or guarantee exists or
is waived or changed, our guarantee responsibilities hereunder will not be changed or be exempted from and the pledge hereunder will be still enforceable. The Bank may execute the pledge hereunder, or any other warranty or guarantee (no matter
whether provided by the debtor of the guaranteed obligations), exercise any rights or require us or any other person to make a payment. 

  

	8.	 We hereby approve and agree to the following contents, and agree that the pledge under the Document shall not
be released, weakened, damaged, reduced or adversely affected by any of the following contents, and waive any legal or other right (including but not limited to the right to be notified) which may be separately owned, and which is caused by or
related to any of the following contents: 

  

	(a)	 Any modification or change of the relevant transactions, or any renewal, or extension of the relevant
transactions: 

  

	(b)	 Any adjustment, grace, extension, grace period, waiver, consent or compromise that may be granted or given to
us or to any other person who is obligated to make payment to any or all the guaranteed obligations: 

  

	(c)	 cancellation, waiver, exchange, subordination or loss of any warranty or guarantee in connection with all or
any part of the guaranteed obligations or used to warrant or guarantee the payment for all or any part of the guaranteed obligations at any time; 

  
 2 

	(d)	 the Bank or any other person failing to fulfill the obligation of prudence or reasonable care, when preserving,
protecting, executing, selling or otherwise disposing of all or any part of any guarantee; 

  

	(e)	 our reorganization, consolidation or merger by or with any other person; 

 

	(f)	 Invalidity or unenforceability of any terms or agreements of the relevant transactions; or

  

	(g)	 in case of no this article, probable exemption from any other act or omission of any part of our obligations
hereunder. 

  

	9.	 Any failure to exercise or delay in exercising any right or remedy hereunder shall not be deemed as a waiver of
such right or remedy, and any separate or partial exercise of any right or remedy shall not prejudice any further exercise or otherwise exercise of such right or remedy or the exercise of any other rights or remedies. Any content hereof shall not
restrict or damage rights obtained by the Bank according to any other agreement or document concluded by and between the Bank and us. 

  

	10.	 Without the prior written consent of the Bank, we will not transfer any of our rights or obligations hereunder.
The Bank may transfer all or any of its rights relating to the pledge hereunder to any person accepting all or any of its rights and rights of claim under the relevant transaction. 

 

	11.	 Where any clause or pledge hereof is or becomes illegal, invalid or unenforceable in any aspect in any judicial
district, the legality, validity and enforceability of other clauses or other pledges hereof in such judicial district and the legality, validity and enforceability of such clause and other clauses or such pledge or other pledges in other judicial
district shall not be affected or impaired thereby. 

  

	12.	 The Document is governed by Chinese laws. We agree about the judicial jurisdiction of the Chinese court where
the main place of the branch of HSBC Bank (China) Company Limited indicated on the first page is located. Any provision of this Article 12 does not restrict the Bank’s right to institute legal proceedings against us concerning any pledge
hereunder to any other court with proper jurisdiction. 

  

	13.	 The Document is signed at the date specified in the appendix hereto. Each pledge hereunder will take effect as
of the date when the Bank receives the Document signed by us and debits relevant Deposits from the designated account. 

 Note: Only
one appendix can be selected as per proper situation, and other appendixes must be deleted. 

  
 3 

 Appendix 

(Applicable to the relevant loan provided or to be provided by the following bank, excluding the discount of bank acceptance bills) 

 

			
	Relevant loan
	Type of relevant loan:	  	
☐   Post-shipment buyer’s loan used for paying for bills under the documentary L/C (also
known as the import loan relating to the documentary L/C)
  

Ö   Post-shipment buyer’s loan (also known as
unsecured import loan) related to credit sales or used to pay bills under documentary collection
  

☐   Before-shipment buyer’s loan (also known as before-shipment procurement loan)

 
 ☐   Post-shipment
buyer’s loan - trade facilitation and service loan
  

☐   Overseas payment for others

 
 ☐   Before-shipment
seller’s loan - manufacturer’s loan
  

☐   Before-shipment seller’s loan - packing loan

 
 ☐   Others (please
specify: )

	Application date:	  	June 14, 2019
	Amount:	  	CNY 9,409,369.37
	Maturity date/term (if any):	  	 
	Remarks:	  	(Please supplement remarks as per relevant application, if necessary)

  

			
	Designated account	  	715-058202-011

	Amount of Deposits	  	CNY 2,822,810.81
	 Signing date of the
Document
	  	June 14, 2019

  
 4 

 Signed by: Shanghai Tong Gou Information Science & Technology Co., Ltd. 

 

					
	 Signature of authorized signatory:

 
 /s/ Wang Wei

 
 Special Seal for the Finance of Shanghai Tong Gou
Information Science & Technology Co., Ltd. (Seal)
	  	Signature of authorized signatory:	  	
Corporate seal
  

  

	Name	  	Name
	 Identity certification type and No.
	  	 Identity certification type and
No.

  
 5 

 To: HSBC Bank (China) Co., Ltd. Shanghai Branch 

Deposit Pledge 
 1.     Under the Document:

 “Designated account” refers to the account opened by us at the HSBC Bank (China) Co., Ltd. Shanghai Branch (the “Bank”), with details
set out in the appendix hereto. 
 “Foreign exchange rate” refers to the exchange rate used in the relevant foreign exchange markets and
determined by the Bank when one currency is exchanged for another currency at the relevant time. The decision of the Bank is final and binding on us. 

“Protection and indemnity obligations” refer to, concerning relevant bank document, all debts and costs of any nature which may be incurred to the
Bank due to the Bank’s issue, acceptance and performance or promise of payment of relevant bank document, may be borne or suffered by the Bank or occur and are related to the Bank’s issue, acceptance and performance or promise of payment
of relevant bank document, or are aroused due to the Bank’s issue, acceptance and performance or promise of payment of relevant bank document in any way, as well as obligations for our arrears for the Bank occurring in any way under any
agreement, protection and indemnity, commitment or document as related to or due to the Bank’s issue, acceptance and performance or promise of payment of relevant bank document. 

“Loan obligations” refer to, concerning a sum of loan, (1) all obligations to be fulfilled by us for the Bank under or relating to the relevant
loan, or agreement, protection and indemnity, commitment or document, no matter whether existing, upcoming, actual or contingent, and (2) interests of such obligations (including default interests, if any), no matter before or after be required
or judged by the Bank. For the avoidance of ambiguity, loan obligations include (when applicable) obligations to be fulfilled by us for the Bank in the situation where we exercise the right recourse relating to any discount business at the Bank.

 “Persons” include individuals, firms, companies, legal persons and groups without legal personality. 

“China”, for the purpose of the Agreement, refers to areas of the People’s Republic of China other than the Hong Kong Special Administrative
Region, the Macao Special Administrative Region and Taiwan. “Relevant bank documents” refer to: 
  

	(a)	 any L/G, guarantee, protection and indemnity, L/C or standby L/C issued or to be issued by the Bank, or any
other commitment or debt burden; or 

  

	(b)	 any bank acceptance bill accepted or to be accepted by the Bank, with details of such documents set out in the
appendix hereto. 

 “Relevant loan” refers to: 
  

	(a)	 any loan, provision, discount or other financing provided or to be provided by the Bank for us or as required
by us, with details set out in the appendix; or 

  

	(b)	 any loan, provision, discount or other financing provided or to be provided by the Bank for us or as required
by us for the purpose of financing, payment or fulfillment of protection and indemnity obligation. 

 “Relevant transaction”
refers to relevant bank document or relevant loan. 
 “Guaranteed obligations” refer to protection and indemnity obligations and/or loan
obligations. 
 Any agreement or document refers to the agreement or document as amended, transferred, revised, renewed or
re-stated. A certain legal provision refers to a provision which is amended or re-enacted and includes any subordinate provision. 

  
 1 

	2.	 We hereby unconditionally and irrevocably agree to fulfill the guaranteed obligations relating to each relevant
transaction for the Bank, and authorize the Bank to immediately debit a sum of monies from the designated account, such as monies specified in the appendix, as a sum of deposits for the guaranteed obligations (the “Deposits”).

  

	3.	 The Deposits bear no interests. 

 

	4.	 The Bank is entitled to hold each sum of Deposits and deposit them into any account in the name of the Bank or
designated or maintained by the Bank. We agree to pledge the Deposits to the Bank as the guarantee for relevant guaranteed obligations. Each pledge over the Deposits hereunder (the “Pledge”) is an irrevocable and continuous guarantee, and
shall be continuously and fully effective before we have fully and finally fulfilled any and all relevant guaranteed obligations in a way satisfactory to the Bank. If the currency of the Deposits is different from that of the guaranteed obligations
and the percentage of the Deposits in the guaranteed obligations declines due to a change in the foreign exchange rate, we will unconditionally agree to add the deposits (such deposits constitute a part of the “Deposits” defined hereunder)
as required by the Bank, so that the percentage of the Deposits (including such added deposits) in the guaranteed obligations remains unchanged at the time of calculation by the foreign exchange rate applicable at that time. 

 

	5.	 We hereby irrevocably agree and authorize the Bank to directly deduct any deposits at any time for the
fulfillment of relevant guaranteed obligations, with no need to notify us in advance. If the currency of the Deposits is different from that of the guaranteed obligations, we hereby irrevocably authorize the Bank and/or any person designated by the
Bank to directly convert the Deposits into the currency of the guaranteed obligations by the foreign exchange rate at any proper time as deemed by the Bank and/or the person, with no need to otherwise obtain our consent, in order to immediately
fulfill the guaranteed obligations (no matter whether mature or not) or credit them into an account determined by the Bank (including temporary account), and sign any document on behalf of us or take any necessary action for the purpose of such
conversion. If the Bank cancels the pledge over the Deposits in whole or in part at its own discretion, the Bank will be entitled to pay relevant Deposits by cash, transfer (to the designated account or any other account determined by the Bank)
and/or any other payment instrument. We agree that the partial cancellation of any pledge will not affect or impair the legitimacy, effectiveness or enforceability of the pledge over the remaining Deposits or any other pledge in any respect.

  

	6.	 A certificate of debts signed by any appropriately authorized employee of the Bank shall, in the absence of any
obvious error, be a final proof of the unpaid amount of the guaranteed obligation for us. 

  

	7.	 The pledge hereunder is a guarantee other than any other warranty, mortgage, pledge or guarantee (no matter
whether provided by the debtor of the guaranteed obligations) held by the Bank, and is not restricted or affected by such other warranty, mortgage, pledge or guarantee. No matter whether such other warranty, mortgage, pledge or guarantee exists or
is waived or changed, our guarantee responsibilities hereunder will not be changed or be exempted from and the pledge hereunder will be still enforceable. The Bank may execute the pledge hereunder, or any other warranty or guarantee (no matter
whether provided by the debtor of the guaranteed obligations), exercise any rights or require us or any other person to make a payment. 

  

	8.	 We hereby approve and agree to the following contents, and agree that the pledge under the Document shall not
be released, weakened, damaged, reduced or adversely affected by any of the following contents, and waive any legal or other right (including but not limited to the right to be notified) which may be separately owned, and which is caused by or
related to any of the following contents: 

  

	(a)	 Any modification or change of the relevant transactions, or any renewal, or extension of the relevant
transactions: 

  

	(b)	 Any adjustment, grace, extension, grace period, waiver, consent or compromise that may be granted or given to
us or to any other person who is obligated to make payment to any or all the guaranteed obligations: 

  
 2 

	(c)	 cancellation, waiver, exchange, subordination or loss of any warranty or guarantee in connection with all or
any part of the guaranteed obligations or used to warrant or guarantee the payment for all or any part of the guaranteed obligations at any time; 

  

	(d)	 the Bank or any other person failing to fulfill the obligation of prudence or reasonable care, when preserving,
protecting, executing, selling or otherwise disposing of all or any part of any guarantee; 

  

	(e)	 our reorganization, consolidation or merger by or with any other person; 

 

	(f)	 Invalidity or unenforceability of any terms or agreements of the relevant transactions; or

  

	(g)	 in case of no this article, probable exemption from any other act or omission of any part of our obligations
hereunder. 

  

	9.	 Any failure to exercise or delay in exercising any right or remedy hereunder shall not be deemed as a waiver of
such right or remedy, and any separate or partial exercise of any right or remedy shall not prejudice any further exercise or otherwise exercise of such right or remedy or the exercise of any other rights or remedies. Any content hereof shall not
restrict or damage rights obtained by the Bank according to any other agreement or document concluded by and between the Bank and us. 

  

	10.	 Without the prior written consent of the Bank, we will not transfer any of our rights or obligations hereunder.
The Bank may transfer all or any of its rights relating to the pledge hereunder to any person accepting all or any of its rights and rights of claim under the relevant transaction. 

 

	11.	 Where any clause or pledge hereof is or becomes illegal, invalid or unenforceable in any aspect in any judicial
district, the legality, validity and enforceability of other clauses or other pledges hereof in such judicial district and the legality, validity and enforceability of such clause and other clauses or such pledge or other pledges in other judicial
district shall not be affected or impaired thereby. 

  

	12.	 The Document is governed by Chinese laws. We agree about the judicial jurisdiction of the Chinese court where
the main place of the branch of HSBC Bank (China) Company Limited indicated on the first page is located. Any provision of this Article 12 does not restrict the Bank’s right to institute legal proceedings against us concerning any pledge
hereunder to any other court with proper jurisdiction. 

  

	13.	 The Document is signed at the date specified in the appendix hereto. Each pledge hereunder will take effect as
of the date when the Bank receives the Document signed by us and debits relevant Deposits from the designated account. 

  
 3 

 Appendix 

(Applicable to the relevant loan provided or to be provided by the following bank, excluding the discount of bank acceptance bills) 

 

			
	Relevant loan
	Type of relevant loan:	  	
☐   Post-shipment buyer’s loan used for paying for bills under the documentary L/C (also
known as the import loan relating to the documentary L/C)
  

Ö   Post-shipment buyer’s loan (also known as
unsecured import loan) related to credit sales or used to pay bills under documentary collection
  

☐   Before-shipment buyer’s loan (also known as before-shipment procurement loan)

 
 ☐   Post-shipment
buyer’s loan - trade facilitation and service loan
  

☐   Overseas payment for others

 
 ☐   Before-shipment
seller’s loan - manufacturer’s loan
  

☐   Before-shipment seller’s loan - packing loan

 
 ☐   Others (please
specify: )
  

	Application date:	  	Monday, May 6, 2019
	Amount:	  	5,541,933.25
	Maturity date/term (if any):	  	 
	Remarks:	  	(Please supplement remarks as per relevant application, if necessary)

  

			
	 Designated account
	  	715-058202-011

	 Amount of Deposits
	  	CNY1,662,579.98
	 Signing date of the
Document
	  	May 6, 2019

  
 4 

 Signed by: Shanghai Tong Gou Information Science & Technology Co., Ltd. 

 

					
	 Signature of authorized signatory:

 
 /s/ Wang Wei

 
 Special Seal for the Finance of Shanghai Tong Gou
Information Science & Technology Co., Ltd. (Seal)
	  	Signature of authorized signatory:	  	
Corporate seal
  

  

	 Name

Wang Wei
	  	Name
	 Identity certification type and No.

ID card No. ***
	  	Identity certification type and No.

  
 5 

 To: HSBC Bank (China) Co., Ltd. Shanghai Branch 

Deposit Pledge 
 1. For the purpose hereof: 

“Designated account” refers to the account opened by us at the HSBC Bank (China) Co., Ltd. Shanghai Branch (the “Bank”), with details set
out in the appendix hereto. 
 “Foreign exchange rate” refers to the exchange rate used in the relevant foreign exchange markets and determined by
the Bank when one currency is exchanged for another currency at the relevant time. The decision of the Bank is final and binding on us. 
 “Protection
and indemnity obligations” refer to, concerning relevant bank document, all debts and costs of any nature which may be incurred to the Bank due to the Bank’s issue, acceptance and performance or promise of payment of relevant bank
document, may be borne or suffered by the Bank or occur and are related to the Bank’s issue, acceptance and performance or promise of payment of relevant bank document, or are aroused due to the Bank’s issue, acceptance and performance or
promise of payment of relevant bank document in any way, as well as obligations for our arrears for the Bank occurring in any way under any agreement, protection and indemnity, commitment or document as related to or due to the Bank’s issue,
acceptance and performance or promise of payment of relevant bank document. 
 “Loan obligations” refer to, concerning a sum of loan, (1) all
obligations to be fulfilled by us for the Bank under or relating to the relevant loan, or agreement, protection and indemnity, commitment or document, no matter whether existing, upcoming, actual or contingent, and (2) interests of such
obligations (including default interests, if any), no matter before or after be required or judged by the Bank. For the avoidance of ambiguity, loan obligations include (when applicable) obligations to be fulfilled by us for the Bank in the
situation where we exercise the right recourse relating to any discount business at the Bank. 
 “Persons” include individuals, firms, companies,
legal persons and groups without legal personality. 
 “China”, for the purpose of the Agreement, refers to areas of the People’s Republic of
China other than the Hong Kong Special Administrative Region, the Macao Special Administrative Region and Taiwan. 
 “Relevant bank documents”
refer to: 
  

	(a)	 any L/G, guarantee, protection and indemnity, L/C or standby L/C issued or to be issued by the Bank, or any
other commitment or debt burden; or 

  

	(b)	 any bank acceptance bill accepted or to be accepted by the Bank, with details of such documents set out in the
appendix hereto. 

 “Relevant loan” refers to: 
  

	(a)	 any loan, provision, discount or other financing provided or to be provided by the Bank for us or as required
by us, with details set out in the appendix; or 

  

	(b)	 any loan, provision, discount or other financing provided or to be provided by the Bank for us or as required
by us for the purpose of financing, payment or fulfillment of protection and indemnity obligation. 

 “Relevant transaction”
refers to relevant bank document or relevant loan. 
 “Guaranteed obligations” refer to protection and indemnity obligations and/or loan
obligations. 
 Any agreement or document refers to the agreement or document as amended, transferred, revised, renewed or
re-stated. A certain legal provision refers to a provision which is amended or re-enacted and includes any subordinate provision. 

  
 1 

	2.	 We hereby unconditionally and irrevocably agree to fulfill the guaranteed obligations relating to each relevant
transaction for the Bank, and authorize the Bank to immediately debit a sum of monies from the designated account, such as monies specified in the appendix, as a sum of deposits for the guaranteed obligations (the “Deposits”).

  

	3.	 The Deposits bear no interests. 

 

	4.	 The Bank is entitled to hold each sum of Deposits and deposit them into any account in the name of the Bank or
designated or maintained by the Bank. We agree to pledge the Deposits to the Bank as the guarantee for relevant guaranteed obligations. Each pledge over the Deposits hereunder (the “Pledge”) is an irrevocable and continuous guarantee, and
shall be continuously and fully effective before we have fully and finally fulfilled any and all relevant guaranteed obligations in a way satisfactory to the Bank. If the currency of the Deposits is different from that of the guaranteed obligations
and the percentage of the Deposits in the guaranteed obligations declines due to a change in the foreign exchange rate, we will unconditionally agree to add the deposits (such deposits constitute a part of the “Deposits” defined hereunder)
as required by the Bank, so that the percentage of the Deposits (including such added deposits) in the guaranteed obligations remains unchanged at the time of calculation by the foreign exchange rate applicable at that time. 

 

	5.	 We hereby irrevocably agree and authorize the Bank to directly deduct any deposits at any time for the
fulfillment of relevant guaranteed obligations, with no need to notify us in advance. If the currency of the Deposits is different from that of the guaranteed obligations, we hereby irrevocably authorize the Bank and/or any person designated by the
Bank to directly convert the Deposits into the currency of the guaranteed obligations by the foreign exchange rate at any proper time as deemed by the Bank and/or the person, with no need to otherwise obtain our consent, in order to immediately
fulfill the guaranteed obligations (no matter whether mature or not) or credit them into an account determined by the Bank (including temporary account), and sign any document on behalf of us or take any necessary action for the purpose of such
conversion. If the Bank cancels the pledge over the Deposits in whole or in part at its own discretion, the Bank will be entitled to pay relevant Deposits by cash, transfer (to the designated account or any other account determined by the Bank)
and/or any other payment instrument. We agree that the partial cancellation of any pledge will not affect or impair the legitimacy, effectiveness or enforceability of the pledge over the remaining Deposits or any other pledge in any respect.

  

	6.	 A certificate of debts signed by any appropriately authorized employee of the Bank shall, in the absence of any
obvious error, be a final proof of the unpaid amount of the guaranteed obligation for us. 

  

	7.	 The pledge hereunder is a guarantee other than any other warranty, mortgage, pledge or guarantee (no matter
whether provided by the debtor of the guaranteed obligations) held by the Bank, and is not restricted or affected by such other warranty, mortgage, pledge or guarantee. No matter whether such other warranty, mortgage, pledge or guarantee exists or
is waived or changed, our guarantee responsibilities hereunder will not be changed or be exempted from and the pledge hereunder will be still enforceable. The Bank may execute the pledge hereunder, or any other warranty or guarantee (no matter
whether provided by the debtor of the guaranteed obligations), exercise any rights or require us or any other person to make a payment. 

  

	8.	 We hereby approve and agree to the following contents, and agree that the pledge under the Document shall not
be released, weakened, damaged, reduced or adversely affected by any of the following contents, and waive any legal or other right (including but not limited to the right to be notified) which may be separately owned, and which is caused by or
related to any of the following contents: 

  

	(a)	 Any modification or change of the relevant transactions, or any renewal, or extension of the relevant
transactions: 

  

	(b)	 Any adjustment, grace, extension, grace period, waiver, consent or compromise that may be granted or given to
us or to any other person who is obligated to make payment to any or all the guaranteed obligations: 

  

	(c)	 cancellation, waiver, exchange, subordination or loss of any warranty or guarantee in connection with all or
any part of the guaranteed obligations or used to warrant or guarantee the payment for all or any part of the guaranteed obligations at any time; 

  
 2 

	(d)	 the Bank or any other person failing to fulfill the obligation of prudence or reasonable care, when preserving,
protecting, executing, selling or otherwise disposing of all or any part of any guarantee; 

  

	(e)	 our reorganization, consolidation or merger by or with any other person; 

 

	(f)	 Invalidity or unenforceability of any terms or agreements of the relevant transactions; or

  

	(g)	 in case of no this article, probable exemption from any other act or omission of any part of our obligations
hereunder. 

  

	9.	 Any failure to exercise or delay in exercising any right or remedy hereunder shall not be deemed as a waiver of
such right or remedy, and any separate or partial exercise of any right or remedy shall not prejudice any further exercise or otherwise exercise of such right or remedy or the exercise of any other rights or remedies. Any content hereof shall not
restrict or damage rights obtained by the Bank according to any other agreement or document concluded by and between the Bank and us. 

  

	10.	 Without the prior written consent of the Bank, we will not transfer any of our rights or obligations hereunder.
The Bank may transfer all or any of its rights relating to the pledge hereunder to any person accepting all or any of its rights and rights of claim under the relevant transaction. 

 

	11.	 Where any clause or pledge hereof is or becomes illegal, invalid or unenforceable in any aspect in any judicial
district, the legality, validity and enforceability of other clauses or other pledges hereof in such judicial district and the legality, validity and enforceability of such clause and other clauses or such pledge or other pledges in other judicial
district shall not be affected or impaired thereby. 

  

	12.	 The Document is governed by Chinese laws. We agree about the judicial jurisdiction of the Chinese court where
the main place of the branch of HSBC Bank (China) Company Limited indicated on the first page is located. Any provision of this Article 12 does not restrict the Bank’s right to institute legal proceedings against us concerning any pledge
hereunder to any other court with proper jurisdiction. 

  

	13.	 The Document is signed at the date specified in the appendix hereto. Each pledge hereunder will take effect as
of the date when the Bank receives the Document signed by us and debits relevant Deposits from the designated account. 

  
 3 

 Appendix 

(Applicable to the relevant loan provided or to be provided by the following bank, excluding the discount of bank acceptance bills) 

 

			
	Relevant loan
	Type of relevant loan:	  	
☐   Post-shipment buyer’s loan used for paying for bills under the documentary L/C (also
known as the import loan relating to the documentary L/C)
  

Ö   Post-shipment buyer’s loan (also known as
unsecured import loan) related to credit sales or used to pay bills under documentary collection
  

☐   Before-shipment buyer’s loan (also known as before-shipment procurement loan)

 
 ☐   Post-shipment
buyer’s loan - trade facilitation and service loan
  

☐   Overseas payment for others

 
 ☐   Before-shipment
seller’s loan - manufacturer’s loan
  

☐   Before-shipment seller’s loan - packing loan

 
 ☐   Others (please
specify: )
  

	 Application date:

 
	  	 April 24,
2019
  

	 Amount:
  
	  	 4,458,066.75

 

	 Maturity date/term (if any):

 
	  	 
	 Remarks:
  
	  	 (Please supplement
remarks as per relevant application, if necessary)
  

  

			
	 Designated account

 
	  	 715-058202-011
  

	 Amount of Deposits

 
	  	 CNY1,337,420.03

 

	 Signing date of the Document

 
	  	 April 24,
2019
  

  
 4 

 Signed by: Shanghai Tong Gou Information Science & Technology Co., Ltd. 

 

					
	 Signature of authorized signatory:

 
 /s/ Wang Wei

 
 Special Seal for the Finance of Shanghai Tong Gou
Information Science & Technology Co., Ltd. (Seal)
	  	Signature of authorized signatory:	  	
Corporate seal
  

  

	 Name

Wang Wei
	  	Name
	 Identity certification type and No.

ID card No. ***
	  	Identity certification type and No.

  
 5 

 To: HSBC Bank (China) Co., Ltd. Shanghai Branch 

Deposit Pledge 
 1. For the purpose hereof: 

“Designated account” refers to the account opened by us at the HSBC Bank (China) Co., Ltd. Shanghai Branch (the “Bank”), with details set
out in the appendix hereto. 
 “Foreign exchange rate” refers to the exchange rate used in the relevant foreign exchange markets and determined by
the Bank when one currency is exchanged for another currency at the relevant time. The decision of the Bank is final and binding on us. 
 “Protection
and indemnity obligations” refer to, concerning relevant bank document, all debts and costs of any nature which may be incurred to the Bank due to the Bank’s issue, acceptance and performance or promise of payment of relevant bank
document, may be borne or suffered by the Bank or occur and are related to the Bank’s issue, acceptance and performance or promise of payment of relevant bank document, or are aroused due to the Bank’s issue, acceptance and performance or
promise of payment of relevant bank document in any way, as well as obligations for our arrears for the Bank occurring in any way under any agreement, protection and indemnity, commitment or document as related to or due to the Bank’s issue,
acceptance and performance or promise of payment of relevant bank document. 
 “Loan obligations” refer to, concerning a sum of loan, (1) all
obligations to be fulfilled by us for the Bank under or relating to the relevant loan, or agreement, protection and indemnity, commitment or document, no matter whether existing, upcoming, actual or contingent, and (2) interests of such
obligations (including default interests, if any), no matter before or after be required or judged by the Bank. For the avoidance of ambiguity, loan obligations include (when applicable) obligations to be fulfilled by us for the Bank in the
situation where we exercise the right recourse relating to any discount business at the Bank. 
 “Persons” include individuals, firms, companies,
legal persons and groups without legal personality. 
 “China” refers to the People’s Republic of China, excluding the Hong Kong Special
Administrative Region, the Macao Special Administrative Region and Taiwan for the purpose of the Document, 
 “Relevant bank documents” refer to:

  

	(a)	 any L/G, guarantee, protection and indemnity, L/C or standby L/C issued or to be issued by the Bank, or any
other commitment or debt burden; or 

  

	(b)	 any bank acceptance bill accepted or to be accepted by the Bank, with details of such documents set out in the
appendix hereto. 

 “Relevant loan” refers to: 
  

	(a)	 any loan, provision, discount or other financing provided or to be provided by the Bank for us or as required
by us, with details set out in the appendix; or 

  

	(b)	 any loan, provision, discount or other financing provided or to be provided by the Bank for us or as required
by us for the purpose of financing, payment or fulfillment of protection and indemnity obligation. 

 “Relevant transaction”
refers to relevant bank document or relevant loan. 
 “Guaranteed obligations” refer to protection and indemnity obligations and/or loan
obligations. 
 Any agreement or document refers to the agreement or document as amended, transferred, revised, renewed or
re-stated. A certain legal provision refers to a provision which is amended or re-enacted and includes any subordinate provision. 

  
 1 

	2.	 We hereby unconditionally and irrevocably agree to fulfill the guaranteed obligations relating to each relevant
transaction for the Bank, and authorize the Bank to immediately debit a sum of monies from the designated account, such as monies specified in the appendix, as a sum of deposits for the guaranteed obligations (the “Deposits”).

  

	3.	 The Deposits bear no interests. 

 

	4.	 The Bank is entitled to hold each sum of Deposits and deposit them into any account in the name of the Bank or
designated or maintained by the Bank. We agree to pledge the Deposits to the Bank as the guarantee for relevant guaranteed obligations. Each pledge over the Deposits hereunder (the “Pledge”) is an irrevocable and continuous guarantee, and
shall be continuously and fully effective before we have fully and finally fulfilled any and all relevant guaranteed obligations in a way satisfactory to the Bank. If the currency of the Deposits is different from that of the guaranteed obligations
and the percentage of the Deposits in the guaranteed obligations declines due to a change in the foreign exchange rate, we will unconditionally agree to add the deposits (such deposits constitute a part of the “Deposits” defined hereunder)
as required by the Bank, so that the percentage of the Deposits (including such added deposits) in the guaranteed obligations remains unchanged at the time of calculation by the foreign exchange rate applicable at that time. 

 

	5.	 We hereby irrevocably agree and authorize the Bank to directly deduct any deposits at any time for the
fulfillment of relevant guaranteed obligations, with no need to notify us in advance. If the currency of the Deposits is different from that of the guaranteed obligations, we hereby irrevocably authorize the Bank and/or any person designated by the
Bank to directly convert the Deposits into the currency of the guaranteed obligations by the foreign exchange rate, with no need to otherwise obtain our consent, in order to immediately fulfill the guaranteed obligations, and sign any document on
behalf of us or take any necessary action for the purpose of such conversion. If the Bank cancels the pledge over the Deposits in whole or in part at its own discretion, the Bank will be entitled to pay relevant Deposits by cash, transfer (to the
designated account or any other account determined by the Bank) and/or any other payment instrument. We agree that the partial cancellation of any pledge will not affect or impair the legitimacy, effectiveness or enforceability of the pledge over
the remaining Deposits or any other pledge in any respect. 

  

	6.	 A certificate of debts signed by any appropriately authorized employee of the Bank shall, in the absence of any
obvious error, be a final proof of the unpaid amount of the guaranteed obligation for us. 

  

	7.	 The pledge under the Document is an additional guarantee based on any other warranties, mortgages, pledges or
other guarantees held by the Bank and free from the restriction or impact of any such other warranties, mortgages. Any pledge under the Document may be enforced regardless of whether any such other warranties, mortgages, pledges or other guarantees
exist or are waived. The Bank has no obligation to execute any other warranties or guarantees (whether they are provided by us or any other person), exercise any rights or require us or any other person to make payment, prior to the execution of the
pledge under the Document. 

  

	8.	 We hereby approve and agree to the following content, and agree that the pledge under the Document shall not be
released, weakened, damaged, reduced or adversely affected by any of the following content, and that it may waive any legal or other right (including but not limited to the right to be notified) which may be separately owned, and which is caused by
or related to any of the following content: 

  

	(a)	 Any modification or change of the relevant transactions, or any renewal, or extension of the relevant
transactions: 

  

	(b)	 Any adjustment, grace, extension, grace period, waiver, consent or compromise that may be granted or given to
us or to any other person who is obligated to make payment to any or all the guaranteed obligations: 

  

	(c)	 Any warranties or guarantees at any time that are in connection with all or any part of the guaranteed
obligations or that are used to warrant or guarantee the payment for all or any part of the guaranteed obligations are discharged, exchanged, subordinated or lost; 

 

	(d)	 the Bank or any other person failing to fulfill the obligation of prudence or reasonable care, when preserving,
protecting, executing, selling or otherwise disposing of all or any part of any guarantee; 

  
 2 

	(e)	 our reorganization, consolidation or merger by or with any other person; 

 

	(f)	 Invalidity or unenforceability of any terms or agreements of the relevant transactions; or

  

	(g)	 in case of no this article, probable exemption from any other act or omission of any part of our obligations
hereunder. 

  

	9.	 Any failure to exercise or delay in exercising any right or remedy hereunder shall not be deemed as a waiver of
such right or remedy, and any separate or partial exercise of any right or remedy shall not prejudice any further exercise or otherwise exercise of such right or remedy or the exercise of any other rights or remedies. Any content hereof shall not
restrict or damage rights obtained by the Bank according to any other agreement or document concluded by and between the Bank and us. 

  

	10.	 Without the prior written consent of the Bank, we will not transfer any of our rights or obligations hereunder.
The Bank may transfer all or any of its rights relating to the pledge hereunder to any person accepting all or any of its rights and rights of claim under the relevant transaction. 

 

	11.	 Where any clause or pledge hereof is or becomes illegal, invalid or unenforceable in any aspect in any judicial
district, the legality, validity and enforceability of other clauses or other pledges hereof in such judicial district and the legality, validity and enforceability of such clause and other clauses or such pledge or other pledges in other judicial
district shall not be affected or impaired thereby. 

  

	12.	 The Document is governed by Chinese laws. We agree about the judicial jurisdiction of the Chinese court where
the main place of the branch of HSBC Bank (China) Company Limited indicated on the first page is located. Any provision of this Article 12 does not restrict the Bank’s right to institute legal proceedings against us concerning any pledge
hereunder to any other court with proper jurisdiction. 

  

	13.	 The Document is signed at the date specified in the appendix hereto. Each pledge hereunder will take effect as
of the date when the Bank receives the Document signed by us and debits relevant Deposits from the designated account. 

  
 3 

 Appendix 

(Applicable to the relevant loan provided or to be provided by the following bank, excluding the discount of bank acceptance bills) 

 

			
	 Relevant
loan

	 Type of relevant loan:
	  	
☐   Post-shipment buyer’s loan used for paying for bills under the documentary L/C (also
known as the import loan relating to the documentary L/C)
  

☐   Post-shipment buyer’s loan (also known as unsecured import loan) related to credit
sales or used to pay bills under documentary collection
  

☐   Before-shipment buyer’s loan (also known as before-shipment procurement loan)

 

Ö   Post-shipment buyer’s loan - trade
facilitation and service loan
  

☐   Overseas payment for others

 
 ☐   Before-shipment
seller’s loan - manufacturer’s loan
  

☐   Before-shipment seller’s loan - packing loan

 
 ☐   Others (please
specify: )
  

	 Application date:

 
	  	 1/23/2019

 

	 Amount:

 
	  	 ¥
10,000,000.00
  

	 Maturity date/term (if any):

 
	  	 
	 Remarks:

 
	  	 (Please supplement
remarks as per relevant application, if necessary)
  

  

			
	 Designated account

 
	  	 715-058202-011
  

	 Amount of Deposits

 
	  	
¥3,000,000.00
  

	 Signing date of the Document

 
	  	 1/23/2019

 

  
 4 

 Signed by: Shanghai Tong Gou Information Science & Technology Co., Ltd. 

 

					
	 Signature of authorized signatory:

 
 /s/ Wang Wei

 
 Special Seal for the Finance of Shanghai Tong Gou
Information Science & Technology Co., Ltd. (Seal)
	  	Signature of authorized signatory:	  	
Corporate seal
  

Shanghai Tong
 Gou Information
Science &
 Technology Co., Ltd.

(Seal)
  

	 Name
  
	  	 Name

	Identity certification type and No.	  	Identity certification type and No.

  
 5

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