Document:

EXHIBIT 4.11

WARRANT

	NO. TWS-001	TOWERSTREAM CORPORATION	             Shares

WARRANT TO PURCHASE COMMON STOCK

VOID AFTER 5:30 P.M., EASTERN
 TIME, ON THE EXPIRATION DATE

THIS WARRANT AND ANY SHARES ACQUIRED UPON THE EXERCISE OF THIS WARRANT HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE ‘‘ACT’’), AND MAY NOT BE SOLD, PLEDGED, HYPOTHECATED, DONATED OR OTHERWISE TRANSFERRED WITHOUT COMPLIANCE WITH THE REGISTRATION OR QUALIFICATION PROVISIONS OF APPLICABLE FEDERAL AND STATE SECURITIES LAWS OR APPLICABLE EXEMPTIONS THEREFROM.

FOR VALUE RECEIVED, TOWERSTREAM CORPORATION, a Delaware corporation (the ‘‘Company’’), hereby agrees to sell upon the terms and on the conditions hereinafter set forth, but no later than 5:30 p.m., Eastern Time, on the Expiration Date (as hereinafter defined) to                                          or registered assigns (the ‘‘Holder’’), under the terms as hereinafter set forth,                                              (                                ) fully paid and non-assessable shares of the Company’s Common Stock, par value $0.001 per share (the ‘‘Warrant Stock’’), at a purchase price of FOUR DOLLARS AND FIFTY CENTS ($4.50) per share (the ‘‘Warrant Price’’), pursuant to this warrant (this ‘‘Warrant’’). The number of shares of Warrant Stock to be so issued and the Warrant Price are subject to adjustment in certain events as hereinafter set forth. The term ‘‘Common Stock’’ shall mean, when used herein, unless the context otherwise requires, the stock and other securities and property at the time receivable upon the exercise of this Warrant.

1.    Exercise of Warrant.

a.    The Holder may exercise this Warrant according to its terms by surrendering this Warrant to the Company at the address set forth in Section 10, the subscription form attached hereto having then been duly executed by the Holder, accompanied by cash, certified check or bank draft in payment of the purchase price, in lawful money of the United States of America, for the number of shares of the Warrant Stock specified in the subscription form, or as otherwise provided in this Warrant, prior to 5:30 p.m., Eastern Time, on                                             , 2012 (the ‘‘Expiration Date’’).

b.    This Warrant may be exercised in whole or in part so long as any exercise in part hereof would not involve the issuance of fractional shares of Warrant Stock. If exercised in part, the Company shall deliver to the Holder a new Warrant, identical in form, in the name of the Holder, evidencing the right to purchase the number of shares of Warrant Stock as to which this Warrant has not been exercised, which new Warrant shall be signed by the Chairman, Chief Executive Officer or President and the Secretary or Assistant Secretary of the Company. The term Warrant as used herein shall include any subsequent Warrant issued as provided herein.

c.    No fractional shares or scrip representing fractional shares shall be issued upon the exercise of this Warrant. The Company shall pay cash in lieu of fractions with respect to the Warrants based upon the fair market value of such fractional shares of Common Stock (which shall be the closing price of such shares on the exchange or market on which the Common Stock is then traded) at the time of exercise of this Warrant.

d.    In the event of any exercise of the rights represented by this Warrant, a certificate or certificates for the Warrant Stock so purchased, registered in the name of the Holder, shall be delivered to the Holder within a reasonable time after such rights shall have been so exercised. The 

person or entity in whose name any certificate for the Warrant Stock is issued upon exercise of the rights represented by this Warrant shall for all purposes be deemed to have become the holder of record of such shares immediately prior to the close of business on the date on which the Warrant was surrendered and payment of the Warrant Price and any applicable taxes was made, irrespective of the date of delivery of such certificate, except that, if the date of such surrender and payment is a date when the stock transfer books of the Company are closed, such person shall be deemed to have become the holder of such shares at the opening of business on the next succeeding date on which the stock transfer books are open. The Company shall pay any and all documentary stamp or similar issue or transfer taxes payable in respect of the issue or delivery of shares of Common Stock on exercise of this Warrant.

2.    Disposition of Warrant Stock and Warrant.

a.    The Holder hereby acknowledges that this Warrant and any Warrant Stock purchased pursuant hereto are, as of the date hereof, not registered: (i) under the Securities Act of 1933, as amended (the ‘‘Act’’), on the ground that the issuance of this Warrant is exempt from registration under Section 4(2) of the Act as not involving any public offering or (ii) under any applicable state securities law because the issuance of this Warrant does not involve any public offering; and that the Company’s reliance on the Section 4(2) exemption of the Act and under applicable state securities laws is predicated in part on the representations hereby made to the Company by the Holder that it is acquiring this Warrant and will acquire the Warrant Stock for investment for its own account, with no present intention of dividing its participation with others or reselling or otherwise distributing the same, subject, nevertheless, to any requirement of law that the disposition of its property shall at all times be within its control.

The Holder hereby agrees that it will not sell or transfer all or any part of this Warrant and/or Warrant Stock unless and until it shall first have given notice to the Company describing such sale or transfer and furnished to the Company either (i) an opinion, reasonably satisfactory to counsel for the Company, of counsel (skilled in securities matters, selected by the Holder and reasonably satisfactory to the Company) to the effect that the proposed sale or transfer may be made without registration under the Act and without registration or qualification under any state law, or (ii) an interpretative letter from the Securities and Exchange Commission to the effect that no enforcement action will be recommended if the proposed sale or transfer is made without registration under the Act.

b.    If, at the time of issuance of the shares issuable upon exercise of this Warrant, no registration statement is in effect with respect to such shares under applicable provisions of the Act, the Company may at its election require that the Holder provide the Company with written reconfirmation of the Holder’s investment intent and that any stock certificate delivered to the Holder of a surrendered Warrant shall bear legends reading substantially as follows:

‘‘THE SHARES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND MAY NOT BE SOLD, TRANSFERRED, PLEDGED OR OTHERWISE DISPOSED OF IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 OR AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER OF THIS CERTIFICATE THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT.’’

In addition, so long as the foregoing legend may remain on any stock certificate delivered to the Holder, the Company may maintain appropriate ‘‘stop transfer’’ orders with respect to such certificates and the shares represented thereby on its books and records and with those to whom it may delegate registrar and transfer functions.

3.    Reservation of Shares.    The Company hereby agrees that at all times there shall be reserved for issuance upon the exercise of this Warrant such number of shares of its Common Stock as shall be required for issuance upon exercise of this Warrant. The Company further agrees that all shares which may be issued upon the exercise of the rights represented by this Warrant will be duly authorized and will, upon issuance and against payment of the exercise price, be validly issued, fully paid and non-assessable, 

2

free from all taxes, liens, charges and preemptive rights with respect to the issuance thereof, other than taxes, if any, in respect of any transfer occurring contemporaneously with such issuance and other than transfer restrictions imposed by federal and state securities laws.

4.    Exchange, Transfer or Assignment of Warrant.    This Warrant is exchangeable, without expense, at the option of the Holder, upon presentation and surrender hereof to the Company or at the office of its stock transfer agent, if any, for other Warrants of different denominations, entitling the Holder or Holders thereof to purchase in the aggregate the same number of shares of Common Stock purchasable hereunder. Upon surrender of this Warrant to the Company or at the office of its stock transfer agent, if any, with the Assignment Form annexed hereto duly executed and funds sufficient to pay any transfer tax, the Company shall, without charge, execute and deliver a new Warrant in the name of the assignee named in such instrument of assignment and this Warrant shall promptly be canceled. This Warrant may be divided or combined with other Warrants that carry the same rights upon presentation hereof at the office of the Company or at the office of its stock transfer agent, if any, together with a written notice specifying the names and denominations in which new Warrants are to be issued and signed by the Holder hereof.

5.    Capital Adjustments.    This Warrant is subject to the following further provisions:

a.    Recapitalization, Reclassification and Succession.    If any recapitalization of the Company or reclassification of its Common Stock or any merger or consolidation of the Company into or with a corporation or other business entity, or the sale or transfer of all or substantially all of the Company’s assets or of any successor corporation’s assets to any other corporation or business entity (any such corporation or other business entity being included within the meaning of the term ‘‘successor corporation’’) shall be effected, at any time while this Warrant remains outstanding and unexpired, then, as a condition of such recapitalization, reclassification, merger, consolidation, sale or transfer, lawful and adequate provision shall be made whereby the Holder of this Warrant thereafter shall have the right to receive upon the exercise hereof as provided in Section 1 and in lieu of the shares of Common Stock immediately theretofore issuable upon the exercise of this Warrant, such shares of capital stock, securities or other property as may be issued or payable with respect to or in exchange for a number of outstanding shares of Common Stock equal to the number of shares of Common Stock immediately theretofore issuable upon the exercise of this Warrant had such recapitalization, reclassification, merger, consolidation, sale or transfer not taken place, and in each such case, the terms of this Warrant shall be applicable to the shares of stock or other securities or property receivable upon the exercise of this Warrant after such consummation.

b.    Subdivision or Combination of Shares.    If the Company at any time while this Warrant remains outstanding and unexpired shall subdivide or combine its Common Stock, the number of shares of Warrant Stock purchasable upon exercise of this Warrant and the Warrant Price shall be proportionately adjusted.

c.    Stock Dividends and Distributions.    If the Company at any time while this Warrant is outstanding and unexpired shall issue or pay the holders of its Common Stock, or take a record of the holders of its Common Stock for the purpose of entitling them to receive, a dividend payable in, or other distribution of, Common Stock, then (i) the Warrant Price shall be adjusted in accordance with Section 5(e) and (ii) the number of shares of Warrant Stock purchasable upon exercise of this Warrant shall be adjusted to the number of shares of Common Stock that the Holder would have owned immediately following such action had this Warrant been exercised immediately prior thereto.

d.    Stock and Rights Offering to Shareholders.    If the Company shall at any time after the date of issuance of this Warrant distribute to all holders of its Common Stock any shares of capital stock of the Company (other than Common Stock) or evidences of its indebtedness or assets (excluding cash dividends or distributions paid from retained earnings or current year’s or prior year’s earnings of the Company) or rights or warrants to subscribe for or purchase any of its securities (excluding those referred to in the immediately preceding paragraph) (any of the foregoing being hereinafter in this paragraph called the ‘‘Securities’’), then in each such case, the Company shall reserve shares or other units of such securities for distribution to the Holder upon exercise of this Warrant so that, in addition to the shares of the Common Stock to which such Holder is entitled, such Holder will receive 

3

upon such exercise the amount and kind of such Securities which such Holder would have received if the Holder had, immediately prior to the record date for the distribution of the Securities, exercised this Warrant.

e.    Warrant Price Adjustment.    Whenever the number of shares of Warrant Stock purchasable upon exercise of this Warrant is adjusted, as herein provided, the Warrant Price payable upon the exercise of this Warrant shall be adjusted to that price determined by multiplying the Warrant Price immediately prior to such adjustment by a fraction (i) the numerator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately prior to such adjustment, and (ii) the denominator of which shall be the number of shares of Warrant Stock purchasable upon exercise of this Warrant immediately thereafter.

f.    Certain Shares Excluded.    The number of shares of Common Stock outstanding at any given time for purposes of the adjustments set forth in this Section 5 shall exclude any shares then directly or indirectly held in the treasury of the Company.

g.    Deferral and Cumulation of De Minimis Adjustments.    The Company shall not be required to make any adjustment pursuant to this Section 5 if the amount of such adjustment would be less than one percent (1%) of the Warrant Price in effect immediately before the event that would otherwise have given rise to such adjustment. In such case, however, any adjustment that would otherwise have been required to be made shall be made at the time of and together with the next subsequent adjustment which, together with any adjustment or adjustments so carried forward, shall amount to not less than one percent (1%) of the Warrant Price in effect immediately before the event giving rise to such next subsequent adjustment.

h.    Duration of Adjustment.    Following each computation or readjustment as provided in this Section 5, the new adjusted Warrant Price and number of shares of Warrant Stock purchasable upon exercise of this Warrant shall remain in effect until a further computation or readjustment thereof is required.

6.    Registration Rights.    In the event that the Company files a registration statement with the Securities and Exchange Commission covering the sale of its shares of Common Stock (other than a registration statement on Form S-4, S-8 or similar form), then the Holder shall have the right to require the Company to register the resale of the shares of Warrant Stock on such registration statement. In the event that the Holder requests the registration of less than all of the shares of Warrant Stock represented hereby, prior to any such registration, the Holder shall request that the Company issue in exchange therefore new warrants representing the Warrant Stock in such denominations as the Holder shall request; provided, however, that no such certificate representing any Warrant Stock being registered shall also any represent Warrant Stock not being registered.

7.    Notice to Holders.

a.    Notice of Record Date.    In case:

(i)    the Company shall take a record of the holders of its Common Stock (or other stock or securities at the time receivable upon the exercise of this Warrant) for the purpose of entitling them to receive any dividend (other than a cash dividend payable out of earned surplus of the Company) or other distribution, or any right to subscribe for or purchase any shares of stock of any class or any other securities, or to receive any other right;

(ii)    of any capital reorganization of the Company, any reclassification of the capital stock of the Company, any consolidation with or merger of the Company into another corporation, or any conveyance of all or substantially all of the assets of the Company to another corporation; or

(iii)    of any voluntary dissolution, liquidation or winding-up of the Company;

then, and in each such case, the Company will mail or cause to be mailed to the Holder hereof at the time outstanding a notice specifying, as the case may be, (i) the date on which a record is to be taken for the purpose of such dividend, distribution or right, and stating the amount and character of such dividend, 

4

distribution or right, or (ii) the date on which such reorganization, reclassification, consolidation, merger, conveyance, dissolution, liquidation or winding-up is to take place, and the time, if any, is to be fixed, as of which the holders of record of Common Stock (or such stock or securities at the time receivable upon the exercise of this Warrant) shall be entitled to exchange their shares of Common Stock (or such other stock or securities) for securities or other property deliverable upon such reorganization, reclassification, consolidation, merger, conveyance, dissolution or winding-up. Such notice shall be mailed at least thirty (30) days prior to the record date therein specified, or if no record date shall have been specified therein, at least thirty (30) days prior to such specified date, provided, however, failure to provide any such notice shall not affect the validity of such transaction.

b.    Certificate of Adjustment.    Whenever any adjustment shall be made pursuant to Section 5 hereof, the Company shall promptly make a certificate signed by its Chairman, Chief Executive Officer, President, Vice President, Chief Financial Officer or Treasurer, setting forth in reasonable detail the event requiring the adjustment, the amount of the adjustment, the method by which such adjustment was calculated and the Warrant Price and number of shares of Warrant Stock purchasable upon exercise of this Warrant after giving effect to such adjustment, and shall promptly cause copies of such certificates to be mailed (by first class mail, postage prepaid) to the Holder of this Warrant.

8.    Loss, Theft, Destruction or Mutilation.    Upon receipt by the Company of evidence satisfactory to it, in the exercise of its reasonable discretion, of the ownership and the loss, theft, destruction or mutilation of this Warrant and, in the case of loss, theft or destruction, of indemnity reasonably satisfactory to the Company and, in the case of mutilation, upon surrender and cancellation thereof, the Company will execute and deliver in lieu thereof, without expense to the Holder, a new Warrant of like tenor dated the date hereof.

9.    Warrant Holder Not a Stockholder.    The Holder of this Warrant, as such, shall not be entitled by reason of this Warrant to any rights whatsoever as a stockholder of the Company.

10.    Notices.    Any notice required or contemplated by this Warrant shall be deemed to have been duly given if transmitted by registered or certified mail, return receipt requested, or nationally recognized overnight delivery service, to the Company at its principal executive offices located at 55 Hammarlund Way, Middletown, Rhode Island 02842, Attention: Jeffrey M.  Thompson,  Chief  Executive  Officer, or to the Holder at the name and address set forth in the Warrant Register maintained by the Company.

11.    Choice of Law.    THIS WARRANT IS ISSUED UNDER AND SHALL FOR ALL PURPOSES BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF DELAWARE, WITHOUT GIVING EFFECT TO PRINCIPLES OF CONFLICTS OF LAW.

12.    Jurisdiction and Venue.    The Company and Holder hereby agree that any dispute which may arise between them arising out of or in connection with this Warrant shall be adjudicated before a court located in New York County, New York and they hereby submit to the exclusive jurisdiction of the federal and state courts of the State of York located in New York County with respect to any action or legal proceeding commenced by any party, and irrevocably waive any objection they now or hereafter may have respecting the venue of any such action or proceeding brought in such a court or respecting the fact that such court is an inconvenient forum, relating to or arising out of this Warrant or any acts or omissions relating to the sale of the securities hereunder, and consent to the service of process in any such action or legal proceeding by means of registered or certified mail, return receipt requested, in care of the address set forth herein or such other address as either party shall furnish in writing to the other.

5

IN WITNESS WHEREOF, the Company has duly caused this Warrant to be signed on its behalf, in its corporate name and by its duly authorized officers, as of this      day of                                                     , 2007.

				
	TOWERSTREAM CORPORATION
	By:			 
	 			Name: Jeffrey M.  Thompson
	 			Title: Chief Executive Officer
	

6

FORM OF EXERCISE

(to be executed by the registered holder hereof)

The undersigned hereby exercises the right to purchase                      shares of common stock, par value $0.001 per share (‘‘Common Stock’’), of Towerstream Corporation evidenced by the within Warrant Certificate for an Applicable Exercise Price of $4.50 per share and herewith makes payment of the purchase price in full of $                        . Kindly issue certificates for shares of Common Stock (and for the unexercised balance of the Warrants evidenced by the within Warrant Certificate, if any) in accordance with the instructions given below.

Dated:                                                               , 20    .

	
	 
	Instructions for registration of stock
	

	
	 
	Name (Please Print)
	

				
	Social Security or other identifying Number:
	Address:			 
	 			City/State and Zip Code
	

	
	Instructions for registration of certificate representing
 the unexercised balance of Warrants (if any)
	

	
	 
	Name (Please Print)
	

Social Security or other identifying Number:                               

				
	Address:			 
	 			City, State and Zip Code
	

7exv4w7

 

EXHIBIT 4.7

     This protocol will be valid when all the non-tradable shareholders of TCL or shareholders with
two

Protocol of TCL’s Split Share Structure Reform

(Hereinafter referred as “the protocol” or “this protocol”; TCL’s Split Share
Structure Reform is referred as “the Reform” or “the Reform Plan”)

November 2005

This English version of the protocol is for reference only, in case any
discrepancy exists between the Chinese and English context, the Chinese version
shall prevail. The undersigned shall sign on the Chinese protocol.

 

 

This protocol will be valid when all the non-tradable shareholders of TCL or shareholders with two
thirds of the holding shares in the non-tradable shares have signed on it:

The Huizhou Investment CO, .LTD

The Committee of TCL’ Labor Union

LI DONGSHENG

Namtai (Shenzhen) Electronics CO.,LTD

PHILIPS ELECTRONICS CHINA B.V

LUCKY CONCEPT LIMITED

REGAL TRINITY LIMITED

TOSHIBA CORPORATION

SUMITOMO CORPORATION

YUAN CHENGXIN

WU KE

ZHENG CHUANLIE

LV ZHONGLI

WU SHIHONG

HU QIUSHENG

GAO XIAOXIAN

ZHANG JIANWU

WEN SHANGLIN

YU YUEMING

YANG LI

ZHAO ZHONGYAO

YANG WEIQIANG

LI JIANSHENG

HUANG PINGCHU

WAN MINGJIAN

SHI WANWEN

LI YIMIN

CHEN DAOLIAO

SHAO BUANGJIE

YU GUANGHUI

HU LIXIAN

RONG QIN

ZHANG SHANSHUI

ZHANG JIE

LUO QIULIN

ZHANG YUNLONG

SHI BIGUANG

HUANG WANQUAN

CAO LI

ZHANG FUMIN

 

 

SHEN DAWEI

BO LIANMING

ZENG YANLING

HUANGWEI

CHEN AIJUAN

CHEN BEIHUANG

CHEN AIQIU

TANG LIN

YU ENJUN

YICHUNYU

Since:

	1.	 	TCL CO, .LTD (TCL) is a company listing in the A share market, the total share capital is
2,586,331,144 shares. Among the total shares, 1,591,935,200 non-tradable shares are hold by
the non-tradable shareholders, while 994,395,944 tradable shares are hold by public investors.
	 
	2.	 	For the future development of TCL, all non-tradable shareholders who agree to sign on this
protocol (the undersigned) shall help to change the split share structure of TCL. They shall
propose a motion on the Split Share Structure Reform to the Board of Directors.

All the undersigned shall agree to be bind by all the Chinese (mainland only) laws, rules and
administration measures, regulations and procedures set by the Shenzhen Stock Exchange and articles
in this very protocol, after careful negotiation, shall reach consensus on the following agreement:

1. The share composition in non-tradable shares

1.1 The following non-tradable shareholders in total hold all the non-tradable shares of TCL,
details as follows:

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Shares involve
	 	 	 	 	 	 	 	 	ownership dispute,
	No.	 	Name of Shareholders	 	Shares holding	 	pledge or being frozen
	1	 	
The Huizhou Investment CO, .LTD
	 	 	652,282,698	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	2	 	The Committee of TCL’ Labor Union
	 	 	235,418,484	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	3.	 	LI DONGSHENG
	 	 	144,521,730	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	4	 	Nantai (Shenzhen) Electronics CO.,LTD
	 	 	95,516,112	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	5	 	PHILIPS ELECTRONICS CHINA B.V
	 	 	63,677,409	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	6	 	LUCKY CONCEPT LIMITED
	 	 	47,758,056	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	7	 	REGAL TRINITY LIMITED
	 	 	47,758,056	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	8	 	TOSHIBA CORPORATION
	 	 	31,838,703	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	9	 	SUMITOMO CORPORATION
	 	 	6,049,353	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	10	 	YUANG CHENGXIN
	 	 	24,791,527	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Shares involve
	 	 	 	 	 	 	 	 	ownership dispute,
	No.	 	Name of Shareholders	 	Shares holding	 	pledge or being frozen
	11	 	WU KE
	 	 	19,987,022	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	12	 	ZHENG CHUANLIE
	 	 	23,569,661	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	13	 	LV ZHONGLI
	 	 	23,569,661	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	14	 	WU SHIHONG
	 	 	10,084,689	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	15	 	HU QIUSHENG
	 	 	19,012,888	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	16	 	GAO XIAOXIAN
	 	 	16,485,598	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	17	 	ZHANG JIANWU
	 	 	15,072,199	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	18	 	WEN SHANGLIN
	 	 	15,072,199	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	19	 	YU YUEMING
	 	 	9,830,214	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	20	 	YANG LI
	 	 	9,961,062	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	21	 	ZHAO ZHONGYAO
	 	 	6,434,031	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	22	 	YANG WEIQIANG
	 	 	7,568,719	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	23	 	LI JIANSHENG
	 	 	15,496,968	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	24	 	HUANG PINGCHU
	 	 	7,850,706	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	25	 	WAN MINGJIAN
	 	 	3,313,814	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	26	 	SHI WANWEN
	 	 	2,456,045	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	27	 	LI YIMIN
	 	 	1,088,288	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	28	 	CHEN DAOLIAO
	 	 	2,275,897	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	29	 	SHAO BUANGJIE
	 	 	2,224,069	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	30	 	YU GUANGHUI
	 	 	2,076,808	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	31	 	HU LIXIAN
	 	 	1,993,111	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	32	 	RONG QIN
	 	 	1,541,733	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	33	 	ZHANG SHANSHUI
	 	 	1,846,337	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	34	 	ZHANG JIE
	 	 	1,826,778	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	35	 	LUO QIULIN
	 	 	1,755,117	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	36	 	ZHANG YUNLONG
	 	 	1,749,508	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	37	 	SHI BIGUANG
	 	 	1,690,679	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Shares involve
	 	 	 	 	 	 	 	 	ownership dispute,
	No.	 	Name of Shareholders	 	Shares holding	 	pledge or being frozen
	38	 	HUANG WANQUAN
	 	 	1,650,655	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	39	 	CAO LI
	 	 	1,611,527	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	40	 	ZHANG FUMIN
	 	 	1,568,880	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	41	 	SHEN DAWEI
	 	 	1,545,926	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	42	 	BO LIANMING
	 	 	1,022,935	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	43	 	ZENG YANLING
	 	 	1,273,965	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	44	 	HUANGWEI
	 	 	1,262,660	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	45	 	CHEN AIJUAN
	 	 	1,241,731	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	46	 	CHEN BEIHUANG
	 	 	1,185,961	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	47	 	CHEN AIQIU
	 	 	1,168,607	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	48	 	TANG LIN
	 	 	1,168,607	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	49	 	YU ENJUN
	 	 	700,989	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 
	50	 	YICHUNYU
	 	 	1,086,828	 	 	 	 	 

2. The Split Share Structure Reform Plan

2.1 TCL will undertake stock consideration/10 shares: 2.5 shares to tradable shareholders. TCL’s
non-tradable shareholders will in total give out 248,598,986 shares to TCL’S tradable shareholders
to gain the listing status of their initially non-tradable shares. All the shares that should be
given out to tradable shareholders are from TCL’s non-tradable shareholders’ holding shares. TCL’s
non-tradable shareholders shall give out shares according to their share weight in the total
non-tradable share capital.

2.2 All the non-tradable shareholders who sign in this protocol shall undertake that, the sell and
transfer of theirs shares will be bind by all the Chinese (mainland only) laws, rules and
administrative measures, regulations and procedures set by the Shenzhen Stock Exchange and the
articles in this very protocol.

2.3 Based on the above two articles, the non-tradable shareholders who agree to sign in this
protocol shall together formulate the detailed Split Share Structure Reform Plan (the Reform Plan),
propose to the Board of Directors as the motion on the split share structure reform.

2.4 All the non-tradable shareholders who sign in this protocol shall agree that, in receipt of the
written proxy from non-tradable shareholders, the Board of Directors shall assist the non-tradable
shareholders in adequately communicating and negotiating with the tradable shareholders and reach a
final consensus on the reform plan, in line with all the Chinese (mainland only) laws, rules and
administrative measures, regulations set by the Shenzhen Stock Exchange and the articles in this
very protocol.

 

 

2.5 After widely solicit opinions from tradable shareholders, in case the reform plan has to be
revised, the Board of Directors shall again obtain approval from all the non-tradable shareholders
who agree to sign in this protocol.

2.6 The Reform Plan shall gain approval from the competent department of the State-owned Assets
Supervision and Administration of Commission of the State Council (SASAC).

3. Implementation of the Split Share Structure Reform Plan

3.1 Besides approve the consideration plan, all the non-tradable shareholders who agree to sign in
this protocol shall entrust the TCL and its Board of Directors with management of the Reform and
relevant issues.

3.2 All the non-tradable shareholders who agree to sign on this protocol shall together propose a
motion on the Reform Plan to TCL and its Board of Directors and entrust TCL and its Board of
Directors with management of the Reform in line with all the Chinese (mainland only) laws, rules
and administrative measures, regulations and procedures set by the Shenzhen Stock Exchange and the
articles in this very protocol.

3.3 All the non-tradable shareholders who agree to sign on the protocol shall participate in the
Reform as TCL’s non-tradable shareholders based on the Reform Plan (including the approved revised
reform plan) and conduct in line with all the Chinese (mainland only) laws, rules and
administrative measures, regulations and procedures set by the Shenzhen Stock Exchange and the
articles in this very protocol.

3.4 All the non-tradable shareholders who agree to sign on the protocol shall undertake voting
through the reform plan (including the approved revised reform plan) in the Extraordinary General
Meeting in connection with the Reform (the EGM).

4. The validity of this Protocol

4.1 This protocol will be valid after all the non-tradable shareholders or non-tradable
shareholders holding at least two thirds of the non-tradable shares signed on this protocol.

4.2 After the protocol become valid, all the non-tradable shareholders who have signed on the
protocol shall be bind by the protocol.

4.3 After the protocol become valid, in case one or more non-tradable shareholders who did not sign
the protocol cause obstacles in implementing the Reform Plan, the undersigned shall seek
resolutions under the principle of fairness and justness. Within 3 months after the protocol comes
into valid, if the undersigned do not resolve the obstacle, this protocol will be void
automatically; if the undersigned and the other party has already found resolution to the obstacles
(the resolution shall not offend the interest of the undersigned’s), this protocol shall still be
valid and shall be undertook.

5.1 All the non-tradable shareholders shall not disclose any documents involving the reform issues,
unless required doing so by the relevant government departments such as SASAC and CSRC.

5.2 All the undersigned shall in addition sign a Confidential Agreements on the Split Share
Structure Reform.

6. Other issues

 

 

6.1 All the non-tradable shareholders who agree to sign on this protocol shall compromise
settlements on other issues regarding the Reform Plan which are not mentioned in this protocol. The
complementation agreement, contract and this protocol are legally of equal effect.

6.2 Conclusion, force, construction, implementation and dispute on this protocol shall be carried
within Chinese (mainland only) jurisdiction.

6.3 All the dispute on this protocol or caused by this protocol shall be resolved under the
jurisdiction of competent Shenzhen People’s Court (since TCL is listing on Shenzhen Stock Exchange)

6.4 There are ten originals of the protocol only. TCL will keep two originals of the protocol; the
remaining originals will be sent to relevant competent government departments. There are fifty
transcripts of the protocol only. Each non-tradable shareholder will keep a transcript of the
protocol. The transcript of the protocol is referred as the copy of the original protocol with the
official stamp of TCL’s Board of Directors. The transcript of the protocol and the original of the
protocol are legally of equal effect.

 

 

(This page has no formal context. This is the sign page for <Protocol of TCL’s Split Share
Structure Reform>)

[Note: Namtai (Shenzhen) Electronics CO.,LTD approved and signed December 2005]

 

 

Attachment 1

Intentional Program of Share-trading Reform in TCL Corporation

1. Forms and amounts of consideration arrangement

The considerations take the form of shareholders of non-tradable shares transferring stock
shares to those of tradable shares.

For every 10 tradable shares, the shareholders of tradable shares enrolled on the date of record
when the program is implemented will acquire 2.5 shares. The consideration arrangement executed by
the shareholders of non-tradable shares to those of tradable shares total 248,598,986 shares.
On the first trading date after the implementation of stock-trading reform program, those
non-tradable shares held by shareholders of the company’s non-tradable shares will acquire the
rights for trading on the market.

2. Execution method of consideration arrangement

In case that the stock-trading reform program is passed through the review by the relevant
shareholders’ meeting, based on the consideration arrangement, the shares acquired by the tradable
shareholders will be automatically added in proportion into the account by the registration company
in accordance with number of shares held by the shareholders of tradable shares enrolled on the
date of record when the program is implemented. The odd lots, which are insufficient to become one
share after each shareholder of tradable shares calculate as per the proportion of acquired shares,
shall be handled in accordance with the handling measures on odd lots as stipulated in Operational
Guideline on Apportionment of Rights and Interests of Listed Companies and stock allotment
registration business Shenzhen Branch of China Securities Depository and Clearing Corporation
Limited (SD&C).

3. Plan for Added Consideration Arrangement

Our company currently has no plan for added consideration arrangement.

1. Execution Status Table of Consideration Arrangement

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	shares	 	 
	 	 	 	 	 	 	Before Implementation of	 	executing	 	After Implementation of
	 	 	 	 	 	 	Consideration Arrangement	 	consideration	 	Consideration Arrangement
	 	 	 	 	Name of Shareholder	 	 	 	 	 	Percentage in	 	arrangement	 	 	 	 	 	Percentage in
	 	 	 	 	Implementing Consideration	 	Shares held	 	total capital	 	this time	 	Shares held	 	total capital
	No.	 	Arrangement	 	(shares)	 	stock (%)	 	(shares)	 	(shares)	 	stock (%)
	 	1	 	 	Huizhou City
Investment Holdings
Limited

	 	 	652,282,698	 	 	 	25.22	%	 	 	101,861,443	 	 	 	550,421,255	 	 	 	21.28	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	2	 	 	Labor Union Working
Committee under TCL
Corporation

	 	 	235,418,484	 	 	 	9.10	%	 	 	36,763,303	 	 	 	198,655,181	 	 	 	7.68	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	3	 	 	Nam Tai Electronics
(Shenzhen) Limited

	 	 	95,516,112	 	 	 	3.69	%	 	 	14,915,939	 	 	 	80,600,173	 	 	 	3.12	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	4	 	 	PHILIPS ELECTRONICS
CHINA B.V.

	 	 	63,677,409	 	 	 	2.46	%	 	 	9,943,960	 	 	 	53,733,449	 	 	 	2.08	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	5	 	 	LUCKY CONCEPT LIMITED

	 	 	47,758,056	 	 	 	1.85	%	 	 	7,457,970	 	 	 	40,300,086	 	 	 	1.56	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	6	 	 	REGAL TRINITY LIMITED

	 	 	47,758,056	 	 	 	1.85	%	 	 	7,457,970	 	 	 	40,300,086	 	 	 	1.56	%

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	shares	 	 
	 	 	 	 	 	 	Before Implementation of	 	executing	 	After Implementation of
	 	 	 	 	 	 	Consideration Arrangement	 	consideration	 	Consideration Arrangement
	 	 	 	 	Name of Shareholder	 	 	 	 	 	Percentage in	 	arrangement	 	 	 	 	 	Percentage in
	 	 	 	 	Implementing Consideration	 	Shares held	 	total capital	 	this time	 	Shares held	 	total capital
	No.	 	Arrangement	 	(shares)	 	stock (%)	 	(shares)	 	(shares)	 	stock (%)
	 	7	 	 	Toshiba Corporation

	 	 	31,838,703	 	 	 	1.23	%	 	 	4,971,980	 	 	 	26,866,723	 	 	 	1.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	8	 	 	Sumitomo Corporation

	 	 	6,049,353	 	 	 	0.23	%	 	 	944,676	 	 	 	5,104,677	 	 	 	0.20	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	9	 	 	Li Dongsheng

	 	 	144,521,730	 	 	 	5.59	%	 	 	22,568,730	 	 	 	121,953,000	 	 	 	4.72	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	10	 	 	Yuan Xincheng

	 	 	24,791,527	 	 	 	0.96	%	 	 	3,871,482	 	 	 	20,920,045	 	 	 	0.81	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	11	 	 	Zheng Chuanlie

	 	 	23,569,661	 	 	 	0.91	%	 	 	3,680,674	 	 	 	19,888,987	 	 	 	0.77	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	12	 	 	Lu Zhongli

	 	 	23,569,661	 	 	 	0.91	%	 	 	3,680,674	 	 	 	19,888,987	 	 	 	0.77	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	13	 	 	Wu Ke

	 	 	19,987,022	 	 	 	0.77	%	 	 	3,121,203	 	 	 	16,865,819	 	 	 	0.65	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	14	 	 	Hu Qiusheng

	 	 	19,012,888	 	 	 	0.74	%	 	 	2,969,081	 	 	 	16,043,807	 	 	 	0.62	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	15	 	 	Gao Xiaoxian

	 	 	16,485,598	 	 	 	0.64	%	 	 	2,574,416	 	 	 	13,911,182	 	 	 	0.54	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	16	 	 	Li Jiansheng

	 	 	15,496,968	 	 	 	0.60	%	 	 	2,420,030	 	 	 	13,076,938	 	 	 	0.51	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	17	 	 	Wen Shanglin

	 	 	15,072,199	 	 	 	0.58	%	 	 	2,353,697	 	 	 	12,718,502	 	 	 	0.49	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	18	 	 	Zhang Jianwu

	 	 	15,072,199	 	 	 	0.58	%	 	 	2,353,697	 	 	 	12,718,502	 	 	 	0.49	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	19	 	 	Wu Shihong

	 	 	10,084,689	 	 	 	0.39	%	 	 	1,574,840	 	 	 	8,509,849	 	 	 	0.33	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	20	 	 	Yang Li

	 	 	9,961,062	 	 	 	0.39	%	 	 	1,555,534	 	 	 	8,405,528	 	 	 	0.32	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	21	 	 	Yu Yaoming

	 	 	9,830,214	 	 	 	0.38	%	 	 	1,535,101	 	 	 	8,295,113	 	 	 	0.32	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	22	 	 	Huang Pingchu

	 	 	7,850,706	 	 	 	0.30	%	 	 	1,225,978	 	 	 	6,624,728	 	 	 	0.26	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	23	 	 	Yang Weiqiang

	 	 	7,568,719	 	 	 	0.29	%	 	 	1,181,942	 	 	 	6,386,777	 	 	 	0.25	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	24	 	 	Zhao Zhongyao

	 	 	6,434,031	 	 	 	0.25	%	 	 	1,004,748	 	 	 	5,429,283	 	 	 	0.21	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	25	 	 	Wen Mingjian

	 	 	3,313,814	 	 	 	0.13	%	 	 	517,490	 	 	 	2,796,324	 	 	 	0.11	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	26	 	 	Shi Wanwen

	 	 	2,456,045	 	 	 	0.09	%	 	 	383,540	 	 	 	2,072,505	 	 	 	0.08	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	27	 	 	Chen Daoliang

	 	 	2,275,897	 	 	 	0.09	%	 	 	355,407	 	 	 	1,920,490	 	 	 	0.07	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	28	 	 	Shao Guangjie

	 	 	2,224,069	 	 	 	0.09	%	 	 	347,314	 	 	 	1,876,755	 	 	 	0.07	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	29	 	 	Yu Guanghui

	 	 	2,076,808	 	 	 	0.08	%	 	 	324,317	 	 	 	1,752,491	 	 	 	0.07	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	30	 	 	Hu Lixian

	 	 	1,993,111	 	 	 	0.08	%	 	 	311,247	 	 	 	1,681,864	 	 	 	0.07	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	31	 	 	Zhang Shanshui

	 	 	1,846,337	 	 	 	0.07	%	 	 	288,327	 	 	 	1,558,010	 	 	 	0.06	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	32	 	 	Zhang Jie

	 	 	1,826,778	 	 	 	0.07	%	 	 	285,272	 	 	 	1,541,506	 	 	 	0.06	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	33	 	 	Luo Qiulin

	 	 	1,755,117	 	 	 	0.07	%	 	 	274,082	 	 	 	1,481,035	 	 	 	0.06	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	34	 	 	Zhang Yunlong

	 	 	1,749,508	 	 	 	0.07	%	 	 	273,206	 	 	 	1,476,302	 	 	 	0.06	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	35	 	 	Shi Biguang

	 	 	1,690,679	 	 	 	0.07	%	 	 	264,019	 	 	 	1,426,660	 	 	 	0.06	%

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	Amount of	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	shares	 	 
	 	 	 	 	 	 	Before Implementation of	 	executing	 	After Implementation of
	 	 	 	 	 	 	Consideration Arrangement	 	consideration	 	Consideration Arrangement
	 	 	 	 	Name of Shareholder	 	 	 	 	 	Percentage in	 	arrangement	 	 	 	 	 	Percentage in
	 	 	 	 	Implementing Consideration	 	Shares held	 	total capital	 	this time	 	Shares held	 	total capital
	No.	 	Arrangement	 	(shares)	 	stock (%)	 	(shares)	 	(shares)	 	stock (%)
	 	36	 	 	Huang Wanquan

	 	 	1,650,655	 	 	 	0.06	%	 	 	257,769	 	 	 	1,392,886	 	 	 	0.05	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	37	 	 	Cao Li

	 	 	1,611,527	 	 	 	0.06	%	 	 	251,658	 	 	 	1,359,869	 	 	 	0.05	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	38	 	 	Zhang Fumin

	 	 	1,568,880	 	 	 	0.06	%	 	 	244,999	 	 	 	1,323,881	 	 	 	0.05	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	39	 	 	Shen Dawei

	 	 	1,545,926	 	 	 	0.06	%	 	 	241,414	 	 	 	1,304,512	 	 	 	0.05	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	40	 	 	Rong Qin

	 	 	1,541,733	 	 	 	0.06	%	 	 	240,759	 	 	 	1,300,974	 	 	 	0.05	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	41	 	 	Zeng Yanling

	 	 	1,273,965	 	 	 	0.05	%	 	 	198,944	 	 	 	1,075,021	 	 	 	0.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	42	 	 	Huang Wei

	 	 	1,262,660	 	 	 	0.05	%	 	 	197,179	 	 	 	1,065,481	 	 	 	0.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	43	 	 	Chen Aijuan

	 	 	1,241,731	 	 	 	0.05	%	 	 	193,911	 	 	 	1,047,820	 	 	 	0.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	44	 	 	Chen Beihuang

	 	 	1,185,961	 	 	 	0.05	%	 	 	185,201	 	 	 	1,000,760	 	 	 	0.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	45	 	 	Chan Aiqiu

	 	 	1,168,607	 	 	 	0.05	%	 	 	182,491	 	 	 	986,116	 	 	 	0.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	46	 	 	Tang Lin

	 	 	1,168,607	 	 	 	0.05	%	 	 	182,491	 	 	 	986,116	 	 	 	0.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	47	 	 	Li Yimin

	 	 	1,088,288	 	 	 	0.04	%	 	 	169,949	 	 	 	918,339	 	 	 	0.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	48	 	 	Yi Chunyu

	 	 	1,086,828	 	 	 	0.04	%	 	 	169,721	 	 	 	917,107	 	 	 	0.04	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	49	 	 	Bo Lianming

	 	 	1,022,935	 	 	 	0.04	%	 	 	159,743	 	 	 	863,192	 	 	 	0.03	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	50	 	 	Yu Engjun

	 	 	700,989	 	 	 	0.03	%	 	 	109,467	 	 	 	591,522	 	 	 	0.02	%
	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 
	 	 	 	 	Total

	 	 	1,591,935,200	 	 	 	61.55	%	 	 	248,598,986	 	 	 	1,343,336,214	 	 	 	51.94	%
	 

     5. Schedule for shares with sale-limited conditions listable for trading

     On the first trading date (G Date) after the implementation of stock-trading reform program,
our company agrees that those non-tradable shares held by shareholders of the company’s
non-tradable shares executing consideration arrangement will acquire the rights for trading on the
market.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	Percentage	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	in total	 	Time to get	 	Committed
	 	 	 	 	 	 	Shares held	 	capital	 	listed for	 	sale-limited
	No.	 	Name of Shareholder	 	(shares)	 	stock (%)	 	trading	 	conditions
	 	 	 	 	 
	 	 	129,316,557	 	 	 	5.00	%	 	 	G+12	 	 	 	 	 
	 	1	 	 	Huizhou City Investment Holdings
	 	 	129,316,557	 	 	 	5.00	%	 	 	G+24	 	 	 	 	 
	 	 	 	 	Limited
	 	 	162,471,583	 	 	 	11.28	%	 	 	G+36	 	 	 	 	 
	 
	 	2	 	 	Labor Union Working Committee
	 	 	129,316,557	 	 	 	5.00	%	 	 	G+12	 	 	 	 	 
	 	 	 	 	under TCL Corporation
	 	 	69,338,624	 	 	 	2.68	%	 	 	G+24	 	 	 	 	 
	 
	 	3	 	 	Nam Tai Electronics (Shenzhen)
Limited
	 	 	80,600,173	 	 	 	3.12	%	 	 	G+12	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Percentage	 	 	 	 
	 	 	 	 	 	 	 	 	in total	 	Time to get	 	Committed
	 	 	 	 	Shares held	 	capital	 	listed for	 	sale-limited
	No.	 	Name of Shareholder	 	(shares)	 	stock (%)	 	trading	 	conditions
	 4	 	PHILIPS ELECTRONICS CHINA B.V.
	 	 	53,733,449	 	 	 	2.08	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 5	 	LUCKY CONCEPT LIMITED
	 	 	40,300,086	 	 	 	1.56	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 6	 	REGAL TRINITY LIMITED
	 	 	40,300,086	 	 	 	1.56	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 7	 	Toshiba Corporation
	 	 	26,866,723	 	 	 	1.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 8	 	Sumitomo Corporation
	 	 	5,104,677	 	 	 	0.20	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 9	 	Li Dongsheng
	 	 	121,953,000	 	 	 	4.72	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	10	 	Yuan Xincheng
	 	 	20,920,045	 	 	 	0.81	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	11	 	Zheng Chuanlie
	 	 	19,888,987	 	 	 	0.77	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	12	 	Lu Zhongli
	 	 	19,888,987	 	 	 	0.77	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	13	 	Wu Ke
	 	 	16,865,819	 	 	 	0.65	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	14	 	Hu Qiusheng
	 	 	16,043,807	 	 	 	0.62	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	15	 	Gao Xiaoxian
	 	 	13,911,182	 	 	 	0.54	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	16	 	Li Jiansheng
	 	 	13,076,938	 	 	 	0.51	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	17	 	Wen Shanglin
	 	 	12,718,502	 	 	 	0.49	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	18	 	Zhang Jianwu
	 	 	12,718,502	 	 	 	0.49	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	19	 	Wu Shihong
	 	 	8,509,849	 	 	 	0.33	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	20	 	Yang Li
	 	 	8,405,528	 	 	 	0.32	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	21	 	Yu Yaoming
	 	 	8,295,113	 	 	 	0.32	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	22	 	Huang Pingchu
	 	 	6,624,728	 	 	 	0.26	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	23	 	Yang Weiqiang
	 	 	6,386,777	 	 	 	0.25	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	24	 	Zhao Zhongyao
	 	 	5,429,283	 	 	 	0.21	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	25	 	Wen Mingjian
	 	 	2,796,324	 	 	 	0.11	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	26	 	Shi Wanwen
	 	 	2,072,505	 	 	 	0.08	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	27	 	Chen Daoliang
	 	 	1,920,490	 	 	 	0.07	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	28	 	Shao Guangjie
	 	 	1,876,755	 	 	 	0.07	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	29	 	Yu Guanghui
	 	 	1,752,491	 	 	 	0.07	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	30	 	Hu Lixian
	 	 	1,681,864	 	 	 	0.07	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	31	 	Zhang Shanshui
	 	 	1,558,010	 	 	 	0.06	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	32	 	Zhang Jie
	 	 	1,541,506	 	 	 	0.06	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	33	 	Luo Qiulin
	 	 	1,481,035	 	 	 	0.06	%	 	 	G+12	 	 	 	 	 

 

 

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	Percentage	 	 	 	 
	 	 	 	 	 	 	 	 	in total	 	Time to get	 	Committed
	 	 	 	 	Shares held	 	capital	 	listed for	 	sale-limited
	No.	 	Name of Shareholder	 	(shares)	 	stock (%)	 	trading	 	conditions
	34	 	Zhang Yunlong
	 	 	1,476,302	 	 	 	0.06	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	35	 	Shi Biguang
	 	 	1,426,660	 	 	 	0.06	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	36	 	Huang Wanquan
	 	 	1,392,886	 	 	 	0.05	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	37	 	Cao Li
	 	 	1,359,869	 	 	 	0.05	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	38	 	Zhang Fumin
	 	 	1,323,881	 	 	 	0.05	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	39	 	Shen Dawei
	 	 	1,304,512	 	 	 	0.05	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	40	 	Rong Qin
	 	 	1,300,974	 	 	 	0.05	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	41	 	Zeng Yanling
	 	 	1,075,021	 	 	 	0.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	42	 	Huang Wei
	 	 	1,065,481	 	 	 	0.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	43	 	Chen Aijuan
	 	 	1,047,820	 	 	 	0.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	44	 	Chen Beihuang
	 	 	1,000,760	 	 	 	0.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	45	 	Chan Aiqiu
	 	 	986,116	 	 	 	0.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	46	 	Tang Lin
	 	 	986,116	 	 	 	0.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	47	 	Li Yimin
	 	 	918,339	 	 	 	0.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	48	 	Yi Chunyu
	 	 	917,107	 	 	 	0.04	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	49	 	Bo Lianming
	 	 	863,192	 	 	 	0.03	%	 	 	G+12	 	 	 	 	 
	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	50	 	Yu Engjun
	 	 	591,522	 	 	 	0.02	%	 	 	G+12	 	 	 	 	 

     Note 1: In accordance with Measures for the Administration of the Share-trading Reform of
Listed Companies, Huizhou City Investment Holdings Limited will not go onto the market for trading
or transfer within 12 months since the acquisition of trading rights; upon the expiration of
abovementioned sale-prohibiting term, it can sell originally non-tradable shares through the
listing trades on the stock exchange, provided that the amount of shares occupies the total shares
of TCL Corporation doesn’t exceed 5% in 12 months and 10% in 24 months. At the same time,
non-tradable shares held by () shareholders of non-tradable shares failing to clearly express
approval on the share reform have been prepaid so as to obtain () shares of consideration
arrangement required to be implemented for listing and trading rights. Therefore, if shares held by
the abovementioned shareholders of non-tradable shares get listed for trading, the advance money
prepaid by Huizhou City Investment Holdings Limited should be refunded or the approval from Huizhou
City Investment Holdings Limited should be got.

     Note 2: In accordance with Measures for the Administration of the Share-trading Reform of
Listed Companies, Labor Union Working Committee under TCL Corporation promised that it will not go
onto the market for trading or transfer within 12 months since the acquisition of trading rights;
upon the expiration of abovementioned sale-prohibiting term, it can sell originally non-tradable
shares through the listing trades on the stock exchange, provided that the amount of shares
occupies the total

 

 

shares of TCL Corporation doesn’t exceed 5% in 12 months and 10% in 24 months.

     Note 3: In accordance with Measures for the Administration of the Share-trading Reform of
Listed Companies, () shareholders of non-tradable shares implementing consideration arrangement
will
not go onto the market for trading or transfer within 12 months since the acquisition of
trading rights.

     Note 4: The shareholders failing to clearly express the consent to participate in this stock
reform currently cannot determine the salable or transferable time, which will be determined by
Huizhou City Investment Holdings Limited through consultations with all above-mentioned
shareholders.

     Note 5: If the above-mentioned natural person shareholder is the corporate director,
supervisor or senior manager, the corporate shared held by him shall be locked as per stipulations
set forth in Article 3.17 of the currently effective Rules on Stock Listing in Shenzhen Stock
Exchange, until the term of share sales determined by the table above expires or after 6 months
when he has left the post.

     6. Stock composition after Share-trading reform.

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Before the Reform	 	 	After the Reform
	 	 	 	 	 	 	Percentage	 	 	 	 	 	 	 	 	Percentage
	 	 	Amount of	 	in total	 	 	 	 	Amount of	 	in total
	 	 	shares	 	capital	 	 	 	 	shares	 	capital
	 	 	(shares)	 	stock	 	 	 	 	(shares)	 	stock
	I. Subtotal for
unlisted shares

	 	 	1,591,935,200	 	 	 	61.55	%	 	 	1. Total of
tradable shares
with limitation on
sales
	 	 	1,343,336,214	 	 	 	51.94	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	State-owned Shares

	 	 	652,282,698	 	 	 	25.22	%	 	 	Country Shares
	 	 	550,421,255	 	 	 	21.28	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Miscellaneous

	 	 	235,418,484	 	 	 	9.10	%	 	 	 	 	 	198,655,181	 	 	 	7.68	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Domestic legal
person shares

	 	 	95,516,112	 	 	 	3.69	%	 	 	 	 	 	80,600,173	 	 	 	3.12	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Foreign legal
person shares

	 	 	197,081,577	 	 	 	7.62	%	 	 	Foreign legal
person shares
	 	 	194,460,093	 	 	 	7.52	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Natural person
shares

	 	 	411,636,329	 	 	 	15.92	%	 	 	Natural person
shares
	 	 	410,958,476	 	 	 	15.89	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	II. Subtotal for
tradable shares

	 	 	994,395,944	 	 	 	38.45	%	 	 	2. Total of
tradable shares
without limitation
on sales
	 	 	1,242,994,930	 	 	 	48.06	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	A shares

	 	 	994,395,944	 	 	 	38.45	%	 	 	A shares
	 	 	1,242,994,930	 	 	 	48.06	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	B shares

	 	 	 	 	 	 	 	 	 	 	B shares	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	H shares and other

	 	 	 	 	 	 	 	 	 	 	H shares and other	 	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	III. Total shares

	 	 	2,586,331,144	 	 	 	100.00	%	 	 	3. Total shares
	 	 	2,586,331,144	 	 	 	100.00	%
	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Remarks:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00119-of-00352.parquet"}]]