Document:

EX-4.6

 Exhibit 4.6 

Equity Pledge Agreement 
 This Equity
Pledge Agreement (hereinafter referred to as “this Agreement”) is made and entered into by and among the following parties in Shanghai, China on December 23, 2020: 

 

			
	Party A:	 	HODE SHANGHAI LIMITED, a wholly foreign-owned enterprise duly incorporated and validly existing under the law of the People’s Republic of China, with its address at Room 4031, 4/F, Building 1, No. 310 Fasai Road,
China (Shanghai) Pilot Free Trade Zone (hereinafter referred to as “the Pledgee”).
		
	Party B:	 	CHEN RUI, a citizen of the PRC with ID card no. ***;
		
		 	(hereinafter referred to as “the Pledgor”).
		
	Party C:	 	SHANGHAI KUANYU DIGITAL TECHNOLOGY CO., LTD., a limited liability enterprise duly incorporated and validly existing under the law of the People’s Republic of China, with its address at Room 801, No. 489 Zhengli
Road, Yangpu District, Shanghai.

 In this Agreement, the Pledgee, the Pledgor and Party C shall hereinafter be individually referred to as a
“Party” and collectively as the “Parties”. 
 Whereas: 

 

	1.	 Party C is a limited liability company registered in Shanghai, China, with a registered capital of
RMB100,000,000. The Pledgor is a shareholder of Party C on the execution date hereof and hold a total of 100% shares in Party C. 

  

	2.	 The Pledgee is a wholly foreign-owned enterprise registered in Shanghai, China. The Pledgee and Party C
executed an Exclusive Business Cooperation Agreement (hereinafter referred to as the “Business Cooperation Agreement”), whereby the Pledgee shall provide Party C with exclusive technical services, technical advice and other
services; and 

  

	3.	 The related parties hereto executed an Exclusive Option Agreement (hereinafter referred to as the
“Exclusive Option Agreement”) on the execution date hereof. When the PRC Laws permit and the corresponding conditions are met, if the Pledgee makes a purchase request: (a) the Pledgor shall, at its request, transfer all or part
of its equity in Party C to the Pledgee and/or to any other entity or individual it designates; (b) Party C shall, at its request, transfer all or part of its assets to the Pledgee and/or to any other entity or individual it designates;

  

	4.	 Chen Rui has executed a Power of Attorney (hereinafter referred to as the “Power of Attorney”)
on the execution date hereof, and the Pledgor irrevocably entrusts the Pledgee and/or the person designated by it at that time to exercise on behalf of the Pledgor all the voting rights of the shareholder held by it in Party C; and

  

	5.	 Party A, Party B and Party C intend to execute this Agreement on the equity pledge provided by Party B to Party
A, as the security for the performance of the Contractual Obligations (as defined below) and the settlement of the Secured Indebtedness (as defined below) by the Pledgor, and the Pledgor shall pledge to the Pledgee all the shares in Party C held by
the Pledgee. 

  
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	1.	 Definitions 

Unless otherwise defined by the Agreement, the following words herein shall have the meanings as follows: 

 

	 	1.1	 “Pledge” shall mean the Security Interest granted by the Pledgor to the Pledgee under Article
2 hereof, i.e. the right the Pledgee is entitled to and to be repaid firstly with the discount, conversion, auction or sale price of the equity pledged by the Pledgor to the Pledgee. 

 

	 	1.2	 “Equity” shall mean all the equity in Party C that is held and may be disposed of by the
Pledgor at the time of entry into force of this Agreement and is pledged to the Pledgee in accordance with this Agreement as security for the performance of its Contractual Obligations and Secured Indebtedness with Party C (including all the equity
interests owned by the Pledgor at present and constituting all the registered capital of Party C and all the equity interests held by the Pledgor in any form from time to time for any reason in the future) and any additional equity in accordance
with Article 6.5 hereof. 

  

	 	1.3	 “Pledge Term” shall mean the term as defined in Article 3 hereof. 

 

	 	1.4	 “Default Event” shall mean any circumstance as set forth in Article 7 hereof.

  

	 	1.5	 “Default Notice” shall mean the notice delivered by the Pledgee according to this Agreement to
declare Default Event. 

  

	 	1.6	 “Contractual Obligations” shall mean all the Contractual Obligations of the Pledgor under the
Exclusive Option Agreement and all the obligations under the Power of Attorney; all the Contractual Obligations of Party C under the Business Cooperation Agreement and the Exclusive Option Agreement; and all the Contractual Obligations of the
Pledgor and Party C hereunder. 

  

	 	1.7	 “Original Transaction Agreements” shall mean the Exclusive Option Agreement, the Exclusive
Technology Consulting and Services Agreement and the Power of Attorney signed by the Pledgee, the Pledgor and/or Party C on April 24, 2019. 

  

	 	1.8	 “Original Pledge Agreement” shall mean the Equity Pledge Contract signed by the Pledgee and
the Pledgor on April 24, 2019. 

  

	 	1.9	 “Transaction Agreements” shall mean the Business Cooperation Agreement, Exclusive Option
Agreement and the Power of Attorney, and shall be the revision and restatement of the Original Transaction Agreements. 

  

	 	1.10	 “Secured Indebtedness” shall mean (a) all the payments due to the Pledgee by Party C
and/or the Pledgor (including but not limited to, consultancy and service fees payable to the Pledgee under the Transaction Agreements and any payment (whether on the specified maturity date, through prepayment or otherwise) and its interest,
liquidated damages (if any), indemnity and attorney’s fee, arbitration fee, equity assessment and auction fee and other fees to realize the Pledge); (b) all direct, indirect, derivative and foreseeable losses suffered by the Pledgee as a result
of any breach of contract by the Pledgor or Party C, the amount of which shall be based on, but not limited to, the reasonable business plan and profit forecast of the Pledgee; and (c) all costs incurred by the Pledgee in enforcing the Pledgor
and/or Party C to perform their/its Contractual Obligations. 

  
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	 	1.11	 “PRC Laws” shall mean the laws, regulations, rules, notices or other legally binding documents
issued by any central or local legislative, administrative or judicial authority of Mainland China prior to or after the execution of this Agreement. 

  

	 	1.12	 “Security Interest” shall include mortgage, pledge, lien and any security over third party
right or interest, any equity interest call option, acquisition right, right of first refusal, set-off right, ownership retention or other security arrangements. 

 

	2.	 Pledge 

  

	 	2.1	 As a guarantee for the timely and complete payment of the Secured Indebtedness and the performance of the
Contractual Obligations, the Pledgor hereby pledge the equity to the Pledgee who shall be repaid in the first order as agreed in this Agreement. Party C agrees that the Pledgor will pledge the equity to the Pledgee in accordance with this Agreement.

  

	 	2.2	 The Parties understand and agree that the valuation of the currency resulting from or associated with the
Secured Indebtedness until the date of final accounts (as defined in Article 2.4) is a variable and floating valuation. The Pledgor and the Pledgee may, by agreement of the Parties to amend and supplement this Agreement, adjust and confirm from time
to time the maximum amount of the Secured Indebtedness to be secured before the Date of Final Accounts due to the change in the valuation of the Secured Indebtedness and the equity currency. 

 

	 	2.3	 In any of the following events (hereinafter referred to as “Event of Final Accounts”), the
value of the Secured Indebtedness shall be determined on the basis of the total amount of the Secured Indebtedness due and unpaid by Party C and/or the Pledgor to the Pledgee on the Date of the Event of Final Accounts (hereinafter referred to as the
“Determined Indebtedness”): 

  

	 	(a)	 Where the Business Cooperation Agreement, the Exclusive Option Agreement or the Power of Attorney is terminated
in accordance with the relevant provisions thereunder, resulting in the Pledgee serving to the Pledgor a written notice determining the Secured Indebtedness; 

  

	 	(b)	 Where a Default Event under Article 7 hereof has occurred and has not been resolved, resulting in the Pledgee
serving a Default Notice to the Pledgor in accordance with Article 7.3; 

  

	 	(c)	 Where the Pledgee, through an appropriate investigation, reasonably believes that the Pledgor and/or Party C
are/is insolvent or may be insolvent; or 

  

	 	(d)	 Any other event requiring the determination of the Secured Indebtedness in accordance with the provisions of
the PRC Laws. 

  

	 	2.4	 For the avoidance of doubt, the date of occurrence of the Event of Final Accounts shall be the date of final
accounts (hereinafter referred to as the “Date of Final Accounts”). The Pledgee shall have the right to realize the pledge in accordance with Article 8 on or after the Date of Final Accounts. 

 

	 	2.5	 During the Pledge Term, the Pledgee shall have the right to deposit any bonus, dividend or any other
distributable benefit arising from the equity (hereinafter referred to as “Interest”) and to use it for the priority repayment of the Secured Indebtedness. The Pledgor shall, upon receipt of the written request of the Pledgee,
deposit (or induce Party C to deposit) the Interest into the account designated in writing by the Pledgee, subject to the supervision of the Pledgee; the above Interest deposited in the account designated by the Pledgee in writing shall not be
withdrawn by the Pledgor without the written consent of the Pledgee. 

  
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	 	2.6	 During the term of this Agreement, the Pledgee shall not be liable for any reduction in the value of the equity
unless due to the intentional or gross negligence of the Pledgee, and the Pledgor shall not have the right to pursue or make any claim against the Pledgee in any form. 

 

	 	2.7	 The equity pledge established hereunder is a continuous guarantee and its validity shall extend until any one
of the circumstances as listed in Article 3.1 hereof happens. Any waiver or concession of any breach of contract by the Pledgor or any delay in the exercise by the Pledgee of any of its rights under the Transaction Agreements and this Agreement
shall not affect the rights of the Pledgee under this Agreement, the Transaction Agreements and the relevant RPC Laws at any time thereafter to require the Pledgor and Party C to strictly perform their obligations under the Transaction Agreements
and this Agreement or to exercise the rights of the Pledgee as a result of the subsequent breach of the Transactions Agreements and/or this Agreement by the Pledgor and Party C. 

 

	3.	 Pledge Term 

  

	 	3.1	 The Pledge shall take effect from the date of registration of the pledged equity under this Agreement at the
competent administration for market regulation (hereinafter referred to as the “Registry”) in the place where Party C is located, the term of the pledge (hereinafter referred to as the “Pledge Term”) shall be from
the above effective date until: (a) the last Secured Indebtedness and Contractual Obligation secured by the pledge is fully repaid and fulfilled; (b) the Pledgee decides, subject to the PRC Laws, to purchase all the equity of Party C held
by the Pledgor in accordance with the Exclusive Option Agreement, and all the equity of Party C has been transferred to the name of the Pledgee and/or its designated party, the Pledgee and/or its designated party and its subsidiaries and branches
may legally engage in the business of Party C with above equity according to law; or (c) the Pledgee decides, subject to the PRC Laws, to purchase all the assets of Party C in accordance with the Exclusive Option Agreement, and all the assets
of Party C have been transferred to the name of the Pledgee and/or its designated party, the Pledgee and/or its designated party and its subsidiaries and branches may legally engage in the business of Party C with above assets according to law; or
(d) the Pledgee unilaterally requests the termination of this Contract (the right of the Pledgee to terminate this Agreement is the right without any restrictive conditions, and the right only belongs to the Pledgee, and the Pledgor or Party C
does not have the right to terminate this Agreement unilaterally); or (e) the pledge shall be terminated in accordance with the applicable laws and regulations of China. 

 

	 	3.2	 During the Pledge Term, if the Pledgor and/or Party C fail to perform their Contractual Obligations or repay
the Secured Indebtedness (including but not limited to the failure to pay the service fee in accordance with the Business Cooperation Agreement or failure to fulfill any other provision of any transaction agreement), the Pledgee shall have the right
other than the obligation to dispose of the Pledge in accordance with this Agreement. 

  

	4.	 Registration of Pledge and Custody of Equity Records 

 

	 	4.1	 The Parties acknowledge that this Agreement and the Transaction Agreement are
re-signed for the revision of the Original Pledge Agreement and the Original Transaction Agreements. Prior to the execution of this Agreement, the Parties have completed the registration of the equity pledge
at the Registry for the Original Pledge Agreement. The Parties agree that, as this Agreement and the Original Pledge Agreement are consistent such registered matters as the company of the pledged equity, the amount of the pledged equity, the
Pledgor, the Pledgee, there may not have a second equity pledge registration. In order to avoid ambiguity, for the purpose hereof, if any provision of the Original Pledge Agreement conflicts with any provision of this Agreement, the provision of
this Agreement shall prevail, and the provision of the Original Pledge Agreement that does not conflict with this Agreement shall continue to be valid. 

  
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	 	4.2	 Within the Pledge Term as set forth herein, Party C/the Pledgor shall deliver the original of the certificate
of equity contribution, the register of shareholders bearing the Pledge (in the form as set forth in Annex I) (and other documents reasonably required by the Pledgee, including but not limited to the registration notice of equity pledge
establishment issued by the competent administration for market regulation) to the Pledgee for custody. The Pledgee shall keep such documents throughout the Pledge Term as provided herein. 

 

	5.	 Representations and Warranties of the Pledgor and Party C 

The representations and warranties of the Pledgor to the Pledgee are as follows: 

 

	 	5.1	 The Pledgor is a natural person with full capacity for civil conduct and capacity for civil rights, and has the
right to execute, deliver and perform this Agreement, and can act as an independent subject of litigation. 

  

	 	5.2	 The Pledgor is the legal and beneficial owner of the Equity of Party C, and the Pledgor has the full right and
capability to pledge the Equity to the Pledgee in accordance with the provisions of this Agreement, and the Pledgor has the right to dispose of the Equity and any part thereof. Except subject to this Agreement and the Transaction Agreements between
the Pledgor and the Pledgee, it has legal and complete ownership of the Equity. 

  

	 	5.3	 The Pledgee shall have the right to dispose of and transfer the Equity as specified in this Agreement.

  

	 	5.4	 Except for the Pledge hereunder, the Pledgor does not create any Security Interests or other encumbrance on the
Equity, there is no dispute over the ownership of the Equity, there are no subscribed contributions, taxes, fees payable but unpaid in connection with the Equity, the Equity is not subject to any seizure or other legal proceedings or a similar
threat and may be used for pledge and transfer under the applicable law. 

  

	 	5.5	 The execution of this Agreement by the Pledgor and the exercise of its rights hereunder or the performance of
its obligations hereunder shall not violate or contravene the PRC Laws, any judicial decisions, rulings of any arbitration agency, decisions of any administrative agency, any agreement or contract to which the Pledgor is a party or which is binding
on its assets, or any undertaking made by the Pledgor to any third party. 

  

	 	5.6	 All documents, information, statements and documents provided by the Pledgor to the Pledgee, whether provided
before or after the entry into force hereof and during the Pledge Term, are true, accurate, complete and valid. 

  

	 	5.7	 This Agreement constitutes a legal, valid and binding obligation to the Pledgor after this Agreement is duly
executed by the Pledgor and has entered into force in accordance with the terms of this Agreement. 

  
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	 	5.8	 The Pledgor has the full right and authority to execute and deliver this Agreement and all other documents
relating to the transactions contemplated herein which it will execute, and to complete the transactions contemplated herein. 

  

	 	5.9	 Except for the registration of the creation of an equity pledge required to be made with the Registry, the
consent, permission, waiver, authorization of any third party or the approval, permission, exemption of any governmental registry or filing formalities with any governmental agency (if required by law) as required for the execution and performance
of this Agreement and the entry into force of the equity pledge hereunder have been obtained and shall remain in force and effect for the term hereof. 

  

	 	5.10	 The Pledge under this Agreement constitutes a first ranking Security Interest on the Equity.

  

	 	5.11	 There are no pending or, to the knowledge of the Pledgor, threatened actions, legal proceedings or claims
before any court or arbitral tribunal, and before any governmental authority or administrative authority against the Pledgor or its assets or Equity, which will have a material or adverse effect on the economic conditions of the Pledgor or the
Pledgor’s ability to perform its obligations and security liability under this Agreement. 

  

	 	5.12	 Except as otherwise provided herein, there shall be no interference from any other party at any time upon the
exercise by the Pledgee of the Pledge under this Agreement. 

 The representations and warranties of Party C to the
Pledgee are as follows: 
  

	 	5.13	 Party C is a limited liability company incorporated and legally existing under the laws of China. It has the
status of an independent legal person, can act independently as the subject of litigation of one party, has full and independent legal status and legal capacity, and has been duly authorized to sign, deliver and perform this Agreement.

  

	 	5.14	 This Agreement constitutes a legal, valid and binding obligation to Party C after this Agreement is duly
executed by Party C and has entered into force in accordance with the terms of this Agreement. 

  

	 	5.15	 Party C has the full right and authority to execute and deliver this Agreement and all other documents relating
to the transactions contemplated herein which it will execute, and to complete the transactions contemplated herein. 

  

	 	5.16	 For assets owned by Party C, there is no significant Security Interest or other property right burden that may
affect the rights and interests of the Pledgee in the equity (including but not limited to, any transfer of intellectual property or any assets worth more than RMB1 million of Party C, or any property right or right of use attached to such
assets). 

  

	 	5.17	 There are no pending or, to the knowledge of Party C, threatened actions, arbitration, administrative
proceedings, administrative penalties or other legal proceedings before any court or arbitral tribunal, and before any governmental authority or administrative authority against the Equity, Party C or its assets, which will have a material or
adverse effect on the economic conditions of Party C or the ability of the Pledgor or Party C to perform its obligations and security liability under this Agreement. 

 

	 	5.18	 The execution of this Agreement by Party C and the exercise of its rights hereunder or the performance of its
obligations hereunder shall not violate or contravene the PRC Laws, any judicial decisions, rulings of any arbitration agency, decisions of any administrative agency, any agreement or contract to which Party C is a party or which is binding on its
assets, or any undertaking made by Party C to any third party. 

  
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	 	5.19	 All the documents, information, statements and certificates provided by Party C for the Pledgee, whether
provided before or after the entry into force hereof and during the Pledge Term, are true, accurate, complete and valid. 

  

	 	5.20	 Except for the registration of the creation of an equity pledge required to be made with the Registry, the
consent, permission, waiver, authorization of any third party or the approval, permission, exemption of any governmental registry or filing formalities with any governmental agency (if required by law) as required for the execution and performance
of this Agreement and the entry into force of the equity pledge hereunder have been obtained and shall remain in force and effect for the term hereof. 

  

	 	5.21	 The Pledge under this Agreement constitutes a first ranking Security Interest on the Equity.

  

	 	5.22	 Party C hereby warrants to the Pledgee that the above representations and warranties are true and correct at
any time before the full performance of the Contractual Obligations or the full settlement of the Secured Indebtedness and will be fully complied with. 

  

	6.	 The Undertakings and Further Agreement of the Pledgor and Party C 

The Undertakings and Further Agreement of the Pledgor are as follows: 

 

	 	6.1	 During the term of this Agreement, the Pledgor hereby undertakes to the Pledgee that: 

 

	 	6.1.1	 Except for the performance of the Exclusive Option Agreement, without the prior written consent of the Pledgee,
the Pledgor will not carry out or consent to the transfer of all or any part of the Equity, create or permit the existence of any Security Interest or other encumbrance that may affect the rights and interests of the Pledgee in the Equity. In terms
of the equity transfer as approved by the Pledgee, the Pledgor shall first use the proceeds from the transfer of the Equity to pay off the Secured Indebtedness to the Pledgee in advance; 

 

	 	6.1.2	 The Pledgor will comply with and implement all the PRC Laws applicable to the pledge of the Equity and shall,
within five (5) days after receiving any notice, order or recommendation on the Pledge issued or made by the competent authority concerned (or any other relevant authority), present such notice, order or recommendation to the Pledgee and will
comply with such notice, order or recommendation or make objections and statements on the above matter at the reasonable request of the Pledgee or with the consent of the Pledgee. 

 

	 	6.1.3	 The Pledgor will notify immediately the Pledgee of any event that may affect the rights of the Pledgee or any
part thereof or the interests of the Pledgee under the Transaction Agreement and this Agreement (including but not limited to, any legal action, arbitration, other request, any third party’s ownership dispute over the equity, or any other
adverse effect on the Pledgee’s rights by or from any third party, any civil or criminal proceedings, administrative proceedings, arbitration or any other legal proceedings against the Pledgor or the equity, or any threat of any such action,
arbitration or any other legal proceedings to the knowledge of the Pledgor) or any notice received by the Pledgor, any event that may affect any warranty or any other obligation arising from the Pledgor in this Agreement or any notice received by
the Pledgor, and take all necessary measures to ensure the pledge interest of the Equity of the Pledgee in accordance with the reasonable requirements of the Pledgee. 

  
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	 	6.2	 In order to protect or improve the Security Interests granted in this Agreement in the settlement of the
Secured Indebtedness and in the performance of the Contractual Obligations, and to ensure the Pledgee’s interest in the Equity and the exercise and realization of such rights, the Pledgor hereby undertakes to execute in good faith and to cause
other parties holding interests in the Equity to execute all documents (including but not limited to, supplementary agreements hereto), certificates, agreements, deeds and/or undertakings required by the Pledgee. 

 

	 	6.3	 The Pledgor hereby undertakes to the Pledgee that all warranties, undertakings, agreements, statements and
conditions hereunder will be complied with and fulfilled. If the Pledgor fails to fulfil all or part of its undertakings, commitments, agreements, statements and conditions, the Pledgor shall indemnify the Pledgee for all losses suffered as a
result. 

  

	 	6.4	 If the equity relates to any property preservation, enforcement or any coercive measure imposed by the court or
any other governmental agency for any reason, or if the value of the equity is reduced or lost in any way sufficient to endanger the rights of the Pledgee, the Pledgor shall immediately notify the Pledgee in writing of such circumstances and take
effective measures to safeguard the rights and interests of the Pledgee, including but not limited to the provision of additional property for mortgage or security. If the Pledgee fails to do so, the Pledgee may auction or sell the equity at any
time, and use the price of the auction or sale to pay off the Secured Indebtedness or deposit in advance; any expenses arising therefrom shall be borne by the Pledgor. 

 

	 	6.5	 Without the prior written consent of the Pledgee, Party C shall not increase or decrease the registered
capital, and the Pledgor shall not transfer the equity of Party C or impose any Security Interest, or any other encumbrance on it. Subject to this provision, the equity rights of Party C acquired by the Pledgor after the date of execution of this
Agreement (that is, the future equity of Party C (including but not limited to the equity corresponding to the expanded registered capital formed by the capital increase) held by the Pledgor from time to time during the term of this Agreement,
hereinafter referred to as the “Additional Equity”) shall also belong to the equity pledged by the Pledgor to the Pledgee in accordance with this Agreement. The Pledgor and Party C shall sign a supplementary Equity Pledge Agreement
with the Pledgee on the Additional Equity before or at the same time as the Pledgor acquires the Additional Equity, and prompt the board of directors or executive director of Party C (as the case may be) and the shareholders’ meeting or
shareholder of Party C (as the case may be) to approve the supplementary Equity Pledge Agreement, and shall submit to the Pledgor all documents required for the supplementary Equity Pledge Agreement, including but not limited to: (a) the
original shareholder contribution certificate issued by Party C on the Additional Equity; (b) the register of shareholders recording the Additional Equity and pledge rights; and (c) other documents reasonably required by the Pledgee. The
Pledgor and Party C shall, in accordance with the provisions of this Agreement, register the establishment (or change) of Additional Equity and deliver the relevant documents to the Pledgee for custody. 

 

	 	6.6	 Unless the Pledgee has previously issued a written instruction to the contrary, the Pledgor and/or Party C
agree that, if part or all of the equity is transferred between the Pledgor and any third party (hereinafter referred to as the “Equity Transferee”), the Pledgor and/ or Party C shall ensure that the Equity Transferee will
unconditionally recognize the pledge and perform the necessary registration procedures for the change of pledge (including but not limited to, execution of the relevant documents) to ensure the existence of the Pledge. If the equity transfer
referred to in this Article is a transfer in violation of this Agreement, the performance of the provisions of this Article by the Pledgor and/or Party C shall not be deemed to have waived the prosecution of the Pledgor and/or Party C for breach of
contract. The Pledgee hereby expressly reserves the right to investigate the breach of contract by the Pledgor and/or Party C. 

  
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	 	6.7	 If any transfer of equity arises as a result of the exercise of the Pledge hereunder, the Pledgor undertakes it
will take all measures to achieve such transfer. 

  

	 	6.8	 Unless the Pledgee agrees, the Pledgor shall not dispose of the equity by any means, such as transfer, sale,
pledge or mortgage, and/or give up the Interest arising from the holding of the equity, until the performance of the Contractual Obligations has been completed and the Secured Indebtedness has been fully paid off or this Agreement is cancelled.

  

	 	6.9	 The Pledgor shall not execute any documents or make any relevant undertakings which are in conflict with any
agreement or any other legal document that is executed and being performed by Party C and/or the Pledgee and/or its Affiliate; the Pledgor shall not cause any conflict of interest between the Pledgor and the Pledgee as well as its shareholders
through any act or omission. In case of any such conflict of interest (the Pledgee shall have the right to decide unilaterally whether such conflict of interest arises), the Pledgor shall take measures in a timely manner to eliminate it as soon as
possible with the consent of the Pledgee and/or its Affiliates. If the Pledgor refuses to take measures to eliminate the conflict of interest, the Pledgee shall be entitled to exercise its Call Options under the Exclusive Option Agreement;

  

	 	6.10	 If, in accordance with applicable law, any amendment, supplement or renewal in respect of this Agreement shall
take effect upon signature or seal by the Parties, the Pledgor shall, within five (5) days from the date of completion of such amendment, supplement or renewal, register such changes with the competent Registry. 

 

	 	6.11	 The Pledgor has made all appropriate arrangements and signed all necessary documents to ensure that in the
event of divorce, incapacity, declared disappearance/death, death, bankruptcy or any other circumstance that may affect the exercise of its equity, its heir, agent, guardian or shareholder or transferee holding the equity of Party C at that time
shall be deemed to be a Party hereto, inheriting and assuming all the rights and obligations of the Pledgor hereunder. 

  

	 	6.12	 The Pledgor agrees to execute an irrevocable Power of Attorney granting all rights as the shareholder of Party
C to Party A or the entity or individual designated of Party A, who may vote on all matters requiring the discussion of the shareholder’s meeting or decision of the shareholder (as the case may be), resolution by the shareholders’ meeting,
and make and execute resolutions, minutes of meetings and other relevant documents, including but not limited to: appointing and electing directors, supervisors, and other senior management officers to be appointed and removed by shareholder or the
shareholders’ meeting; disposing of the assets of the company; and amending the articles of association; taking over or managing Party C’s business, or dissolving or liquidating Party C and forming a liquidation group on behalf of the
shareholders and exercising the functions and powers of the liquidation group in the liquidation period in accordance with the law. 

  
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 The Undertakings and Further Agreement of Party C: 

 

	 	6.13	 If the consent, permission, waiver, authorization of any third party or the approval, permission, exemption of
any governmental agency or the registration or filing formalities with any governmental agency (if required by law) is required for the execution and performance of this Agreement and the entry into force of the equity pledge hereunder, Party C will
try its best to assist in obtaining the same and make it remain in force for the term hereof. If the business term of Party C expires within the term hereof, Party C shall complete the registration procedures for the extension of the business term
before the expiration of its business term to ensure the continuity of the effect of this Agreement. 

  

	 	6.14	 Without the prior written consent of the Pledgee, Party C shall not transfer or sell its assets or set or allow
the existence of significant Security Interest or any other encumbrance that may affect the rights and interests of the Pledgee in the equity (including but not limited to, any transfer of intellectual property or any assets worth more than
RMB1 million of Party C, or any property right or right of use attached to such assets). 

  

	 	6.15	 In the event of any legal action, arbitration or any other request that may adversely affect the interests of
Party C’s equity or the interest of the Pledgee under the Transaction Agreements and this Agreement, Party C shall undertake to notify the Pledgee in writing as soon as possible and in a timely manner, and take all necessary measures to ensure
the Pledgee’s rights and interests in the equity at the reasonable request of the Pledgee. 

  

	 	6.16	 Party C shall not carry out or permit any act or action that may adversely affect the interests or equity of
the Pledgee under the Transaction Agreement and this Agreement. 

  

	 	6.17	 Within 60 business days after the end of each financial year (hereinafter referred to as the “Previous
Financial Year”) or at the request of the Pledgee, Party C shall provide the Pledgee with the audited consolidated financial statements of Party C for the Previous Financial Year and other information on the operating results and financial
position of Party C, including but not limited to the balance sheet, income statement, and cash flow statement. 

  

	 	6.18	 Party C undertakes it will take all necessary measures and sign all necessary documents in accordance with the
reasonable requirements of the Pledgee to ensure the exercise and realization of the Pledgee’s pledge of equity and such rights and interests. 

  

	 	6.19	 In the event that Party C is dissolved or liquidated as required by the PRC Laws, this Agreement shall
terminate, and Party C and the Pledgor shall, to the extent permitted by the PRC Laws, transfer all the assets, including the equity, to Party A free of charge or at the lowest price permitted by the PRC Laws, or the liquidator at that time disposes
of all the assets, including the equity, on the basis of protecting the interests of shareholders and/or creditors of the direct or indirect overseas parent company of Party A. 

 

	 	6.20	 Each Party separately warrants to the other Parties that once the PRC Laws permit and the Pledgee decides to
purchase all the equity of Party C held by the Pledgor in accordance with the Exclusive Option Agreement and all the Secured Indebtedness and Contractual Obligations are fully paid and fulfilled, the Parties hereto shall immediately terminate this
Agreement. 

  

	7.	 Default Event 

 

	 	7.1	 A Default Event shall be deemed to occur: 

 

	 	7.1.1	 in case of the breach or non-performance by the Pledgor of any of its
Contractual Obligations under the Exclusive Option Agreement, Power of Attorney and/or this Agreement, and the breach or non-performance by Party C of any of its Contractual Obligations under the Exclusive
Option Agreement, Power of Attorney, Business Cooperation Agreement and/or this Agreement; 

  
 10 

	 	7.1.2	 if any representation or warranty made by the Pledgor in Article 5 of this Agreement contains false statement
or error, and/or the Pledgor breaches any warranty in Article 5 hereof and/or any undertaking in Article 6 hereof; 

  

	 	7.1.3	 if the Pledgor and Party C fail to complete the registration/change of registration/Additional Equity pledge
registration at the Registry as agreed in this Agreement; 

  

	 	7.1.4	 if the Pledgor and Party C violate any provisions or terms of this Agreement; 

 

	 	7.1.5	 if the Pledgor’s own loan, guarantee, compensation, undertaking or other liability to any third party
(a) is required to be repaid or fulfilled in advance due to the Pledgor’s default; or (b) is due but can not be repaid or fulfilled as scheduled; 

 

	 	7.1.6	 if any approval, license, consent, permission or authorization of a governmental agency that makes this
Agreement enforceable, legal and effective is withdrawn, suspended, invalidated or substantially altered; 

  

	 	7.1.7	 if the enactment of the applicable law makes this Agreement illegal or prevents the Pledgor from continuing to
perform its obligations hereunder; 

  

	 	7.1.8	 if the adverse changes in the property owned by the Pledgor result in the view of the Pledgee that the ability
of the Pledgor to fulfil its obligations hereunder has been affected; 

  

	 	7.1.9	 if Party C or its successor or trustee may only partially perform or refuse to perform their payment
obligations under the Business Cooperation Agreement or the Pledgor and/or Party C may only partially or refuse to pay off the Secured Indebtedness; and 

  

	 	7.1.10	 in any other circumstance where the Pledgee is not able to or may not be able to exercise its rights on the
Pledge. 

  

	 	7.2	 The Pledgor and Party C shall promptly notify the Pledgee upon knowledge or discovery of any of the
circumstances referred to in Article 7.1 or any event that may lead to the above. 

  

	 	7.3	 The Pledgee may, at the time of or at any time after the occurrence of the breach, give a Default Notice to the
Pledgor and exercise all its remedies rights and powers under the PRC Laws, the Transaction Agreements and this Agreement, including but not limited to: 

  

	 	(a)	 requiring the Pledgor and/or Party C to pay immediately all outstanding amounts due and payable under the
Business Cooperation Agreement, all arrears under the transaction agreement and all other amounts due and payable to the Pledgee, and/or to repay the loan; and/or 

 

	 	(b)	 Disposing of the Pledge as provided for in Article 8 of this Agreement and/or otherwise disposing of the equity
to the extent permitted by law (including but not limited to, discounting all or part of the equity, or giving priority to the repayment of the debt to the Pledgee with the amount from the auction or sale of the Equity). 

  
 11 

 The Pledgee has the right to choose to exercise any of the above rights on the basis of its
independent judgment. In this case, the other parties hereto shall unconditionally agree to cooperate fully. The Pledgee is not responsible for any loss caused by its reasonable exercise of such rights and powers. 

 

	 	7.4	 The Pledgee shall have the right to appoint its lawyer or any other agent in writing to exercise any and all of
its rights and powers mentioned above, and neither the Pledgor nor Party C shall object to this. 

  

	 	7.5	 The Pledgee shall have the right to choose to exercise at the same time or successively any remedy for breach
of contract, and the Pledgee shall not have to exercise other relief for breach of contract before exercising the right to auction or sell equity under this Agreement. 

 

	8.	 Exercise of Pledge 

 

	 	8.1	 The Pledgee may give written notice to the Pledgor when exercising its Pledge. 

 

	 	8.2	 When the Pledgee exercises the Pledge, the Pledgee shall, within the scope permitted and in accordance with
applicable PRC Laws, have the right to dispose of the equity in accordance with law. All the payments received by the Pledgee in the exercise of its Pledge shall be dealt with in the following order: 

 

	 	(a)	 paying all the costs incurred in relation to the disposition of the Equity and the exercise of the rights by
the Pledgee (including payment of the attorney’s fee and the commission for the agent); 

  

	 	(b)	 paying taxes due to the disposition of the equity; and 

 

	 	(c)	 repaying the Secured Indebtedness to the Pledgee. 

 

	 	8.3	 When the Pledgee disposes of the Pledge in accordance with this Agreement, the Pledgor and Party C shall
provide the necessary assistance to enable the Pledgee to enforce the Pledge in accordance with this Agreement. 

  

	 	8.4	 All actual expenses, taxes and fees and all legal expenses related to the establishment of equity pledge
hereunder and the realization of the rights of the Pledgee shall be borne by Party C, except those to be borne by the Pledgee according to the PRC Laws; and the Pledgee shall have the right to deduct such expenses actually incurred in the exercise
of its rights from the amount gained through exercise of its rights. 

  

	 	8.5	 The amount of the Secured Indebtedness determined by the Pledgee in the exercise of its equity pledge in
accordance with this Agreement shall be used as final evidence to determine the Secured Indebtedness hereunder. 

  

	9.	 Transfer 

  

	 	9.1	 The Pledgor shall not transfer or assign their rights and obligations hereunder without the prior written
consent of the Pledgee. 

  

	 	9.2	 The Pledgor and Party C agree that, subject to the PRC Laws, after the Pledgee has notified the Pledgor and
Party C, the Pledgee may, in any way and on such terms and conditions as it deems appropriate, assign or transfer to any third party any right it may exercise under this Agreement, the Transaction Agreements and other security documents.

  
 12 

	 	9.3	 This Agreement shall be binding on the Pledgor and Party C and their respective successors and permitted
transferees, if any, and shall be valid for the Pledgee and each of its successors and transferees. 

  

	 	9.4	 At any time, if the Pledgee transfers any and all of its rights and obligations under the Transaction
Agreements to any party it designates, the transferee shall have and assume the rights and obligations of the Pledgee hereunder as if it were a Party hereto. Where the Pledgee transfers the rights and obligations under the transaction agreement, at
the request of the Pledgee, the Pledgor and/or Party C shall execute the relevant agreement or other documents relating to such transfer. 

  

	 	9.5	 If the Pledgee changes as a result of the transfer of the Transaction Agreement and/or this Agreement, at the
request of the Pledgee, the Pledgor and Party C shall sign a new Equity Pledge Agreement with the new Pledgee on the same terms and conditions as this Agreement and register the pledge accordingly. 

 

	 	9.6	 The Pledgor shall strictly abide by this Agreement and any other contract signed jointly or separately by the
Parties hereto or any of them, including the Transaction Agreements, perform its obligations under this Agreement and other contracts (including the Transaction Agreements), and refrain from acts/omissions that may affect their validity and
enforceability. The Pledgor shall not exercise any of its remaining rights in respect of the Equity unless otherwise directed in writing by the Pledgee. 

  

	10.	 Termination 

At the expiration of the Pledge Term, this Agreement shall terminate and release the equity pledge hereunder, and the Pledgor and Party C shall
record the cancellation of the equity pledge in the register of shareholders of Party C, and shall register the cancellation of the equity pledge with the relevant registry. The reasonable expenses arising from the release of equity pledge shall be
borne by the Pledgor and Party C. Articles 12, 13 and 19.6 of this Agreement shall survive termination hereof. 
  

	11.	 Service Charges and other Expenses 

Party C shall bear all costs and actual expenses relating to this Agreement, including but not limited to attorney’s fees, certificate
costs, stamp duties and any other taxes and expenses. If the applicable PRC Laws require the Pledgee to bear a number of related taxes and expenses, the Pledgor shall cause Party C to repay in full the taxes and expenses paid by the Pledgee. 

 

	12.	 Liability for Confidentiality 

The Parties acknowledge that any oral or written information they exchange in connection with this Agreement is confidential. The Pledgor and
Party C shall keep all such information confidential and shall not disclose any relevant information to any third party without the written consent of Pledgee, other than the information: (a) known to the public (but not disclosed to the public
by any recipient); (b) required to be disclosed by applicable law or by the rules or regulations of any stock exchange; or (c) required to be disclosed by the Pledgor and Party C to their legal or financial advisers, who shall be bound by a
confidentiality obligation similar to the obligations in this Article, in respect of transactions as contemplated herein. The disclosure of any confidential information by the staff or agencies employed by the Pledgor and Party C shall be deemed to
be the disclosure of such confidential information by such Party, which shall be liable for breach of this Agreement. This Article shall remain in force regardless of the invalidity or termination of this Agreement for any reason. 

  
 13 

	13.	 Applicable Law and Dispute Settlement 

 

	 	13.1	 The execution, effectiveness, interpretation, performance, modification and termination of this Agreement and
the settlement of disputes hereunder shall be governed by the law of the People’s Republic of China. 

  

	 	13.2	 Any dispute arising from the interpretation and performance hereof shall be first settled through friendly
negotiation among the Parties. If the any Party fails to reach an agreement on the settlement of such dispute within thirty (30) days after any Party requests the other Parties to settle such dispute through negotiation, any Party may submit
such dispute to China International Economic and Trade Arbitration Commission for arbitration in accordance with the arbitration rules in force at that time. The arbitration shall be conducted in Beijing and the language of arbitration shall be
Chinese. The arbitral award shall be final and binding on the Parties. The arbitral tribunal may rule on Party C’s equity interests, assets or property interests as the compensation or satisfaction to the pledgee for the losses caused by the
breach of contract by other Parties hereto, rule on injunctive relief in respect of the relevant business or asset transfer, or order Party C to carry out bankruptcy liquidation. After the arbitral award comes into effect, any Party shall have the
right to apply to the competent court for enforcement of the arbitral award. The court in Mainland China, Hong Kong, the Cayman Islands or any other court with competent jurisdiction (including the court at the place where Party C is incorporated
and where Party C or the Pledgee’s main assets are located shall be deemed to have competent jurisdiction) shall have the right to enforce the award made by the arbitral tribunal, including but not limited to, restrictions on the operation of
Party C’s business, restrictions on and/or disposition of Party C’s equity interests, assets or property interests (including but not limited to, applying the same as compensation), prohibition of assignment or disposition or other
relevant reliefs in respect thereof, liquidation of Party C, and have the right to make a ruling or judgment during the waiting period for the constitution of the arbitral tribunal or in other appropriate circumstances to provide interim reliefs to
the party initiating the arbitration, including but not limited to the ruling or judgment for the breaching party to immediately stop the breach or the ruling for the breaching party not to carry out acts that may lead to further expansion of the
loss suffered by the Pledgee. 

  

	 	13.3	 In the event of any dispute arising from the interpretation and performance of this Agreement or any dispute
being arbitrated, the Parties hereto shall continue to exercise their respective rights hereunder and perform their respective obligations hereunder, except in the matter in dispute. 

 

	 	13.4	 After the date of execution hereof, if at any time, as a result of the promulgation of or change in any PRC
Laws, statutes or regulations, or as a result of the interpretation or application of such PRC Laws, statutes or regulations, the following agreements shall apply: to the extent permitted by the PRC Laws, (a) if the change in law or the newly
promulgated provisions are more favorable to the Pledgee than the relevant PRC Laws, statutes and regulations in force on the date of execution hereof (while the other Parties are not seriously adversely affected), the Parties shall promptly apply
for benefits arising from the change or new provisions and do their best to obtain the approval of such application; or (b) if the Pledgee’s economic interests under this Agreement are directly or indirectly adversely affected by the above
legal changes or newly promulgated provisions, this Agreement shall continue to be performed in accordance with the original terms, and the parties shall use all legal means to waive compliance with such change or provisions. If the adverse effects
on the Pledgee’s economic interests can not be resolved in accordance with this Agreement, the Parties shall promptly negotiate and make all necessary amendments to this Agreement in order to maintain the Pledgee’s economic interests
hereunder. 

  
 14 

	14.	 Force Majeure 

 

	 	14.1	 “Force Majeure” means an event which is unforeseeable, unavoidable and insurmountable and which
renders any partial or total default under this Agreement by one Party hereto. Such Force Majeure events include, but are not limited to, earthquakes, typhoons, floods, wars, strikes, riots, government actions, changes in legal provisions or the
applicability of the legal provisions. 

  

	 	14.2	 In event of a Force Majeure event, the obligation of one party to be affected by such event under this
Agreement shall automatically be suspended during the delay caused by such event, and its performance shall be automatically extended for the period of suspension. The party shall not be punished or liable for this. In the event of force majeure,
the Parties shall immediately negotiate a fair solution and make every reasonable effort to minimize the impact of force majeure. 

  

	15.	 Notices 

  

	 	15.1	 All notices and other correspondences required or permitted to be given under this Agreement shall be sent
personally, by registered mail with postage prepaid, courier service, facsimile or e-mail to the address, fax number or e-mail of the other Party hereto as listed in
Annex II hereto. An additional confirmation shall be sent by e-mail for each notice. Such notice shall be deemed to be duly served on: 

 

	 	(1)	 If sent personally, by registered mail with postage prepaid, courier service, on the date of acceptance or
refusal thereof at the recipient’s address specified for such notice; 

  

	 	(2)	 If sent by fax, on the date of successful transmission (as evidenced by automatically generated confirmation of
transmission); 

  

	 	(3)	 If sent by e-mail, on the date of successful transmission.

  

	 	15.2	 Any Party may, in accordance with the terms of this Article, change its receiving address, fax and/or email
address at any time by giving notice to other Parties hereto. 

  

	16.	 Severability 

If one or more of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any way under any applicable law or
regulation, the validity, legality or enforceability of the remaining provisions hereof shall not be affected or impaired in any way. The Parties shall, through consultations in good faith, seek to replace such invalid, illegal or unenforceable
provisions with valid provisions to the maximum extent permitted by law and expected by the Parties, and the economic effects of such valid provisions shall be as similar as those of such invalid, illegal or unenforceable provisions to the extent
possible. 
  

	17.	 Annex 

The annexes to this Agreement shall constitute an integral part of this Agreement. 

  
 15 

	18.	 Entry into force, Amendment, Modification, Supplementation and Counterparts 

 

	 	18.1	 This Agreement shall take effect from the date when the Parties hereto sign hereonto, and the pledge of the
Equity hereunder shall take effect from the date of completion of the relevant registration procedures by the Registry. 

  

	 	18.2	 Any amendment, modification and supplement in respect of this Agreement shall be made in writing and shall take
effect upon signature or seal by the Parties. 

  

	 	18.3	 Where the stock exchange or other regulatory agency of Hong Kong or NASDAQ of the United States proposes any
amendment to this Agreement, or in case of any change in the listing rules or related requirements of Hong Kong or NASDAQ of the United States in relation to this Agreement, the Parties hereto shall amend this Agreement accordingly.

  

	 	18.4	 This Agreement is made in four (4) counterparts. The Pledgor and the Pledgee holds one
(1) counterpart respectively, and Party C shall hold two (2) counterparts. Each counterpart shall have the same legal effect. 

  

	19.	 Miscellaneous 

 

	 	19.1	 This Agreement shall be binding on and shall be valid for the respective successors of the Parties and the
permitted transferees of such Parties. 

  

	 	19.2	 Any Party hereto may waive the rights such Party is entitled to under this Agreement, provided that such waiver
by the Pledgor and Party C must be in writing and signed by Pledgee. No waiver by any Party in respect of a breach by the other Parties in certain circumstances shall be deemed as a waiver of any similar breach in other circumstances.

  

	 	19.3	 The headings of this Agreement are for ease of reading only and shall not be used to interpret, explain or
otherwise affect the meaning of the provisions hereof. 

  

	 	19.4	 The Parties agree to execute in a timely manner documents or take further actions that are reasonably required
for the implementation of the provisions and purposes of this Agreement or beneficial to such purposes. 

  

	 	19.5	 Without prejudice to the Transaction Agreements and other provisions hereof, if at any time, as a result of the
promulgation or change of any PRC Laws, or as a result of any change in the interpretation or application of such PRC Laws, or as a result of change in the relevant registration procedures, the Pledgee considers it unlawful or contrary to such PRC
Laws to maintain the entry into force of this Agreement, maintain the validity of the Pledge hereunder and/or dispose of the Equity in the manner provided for herein, the Pledgor and Party C shall immediately take any action, and/or sign any
agreement or any other document, in accordance with the written instructions of the Pledgee and the reasonable request of the Pledgee, in order to: (a) maintain the validity of the Pledge hereunder and this Agreement; (b) facilitate the
disposition of the Equity in the manner as specified in this Agreement; and/or (c) maintain or realize the security established or intended to be established by this Agreement. 

  
 16 

	 	19.6	 This Agreement is a legal document independent of the Transaction Agreements and other security documents. The
invalidity of the Transaction Agreements or other security documents shall not affect the rights and obligations of the Parties hereunder. If the Transaction Agreements or other security documents are declared null and void and the Pledgor still has
outstanding Contractual Obligations and/or still owes the Secured Indebtedness to the Pledgee, the Equity under this Agreement shall remain as a pledge security of the Contractual Obligations and Secured Indebtedness until the Pledgor pays off all
the Secured Indebtedness and performs all Contractual Obligations. 

 (The remainder of this page is intentionally left
blank) 

  
 17 

 [This page has no text and is the signature page of the Equity Pledge Agreement] 

IN WITNESS WHEREOF, the parties have caused this Equity Pledge Agreement to be executed as of the date and place set forth at the beginning hereof. 

PARTY A: 
 HODE SHANGHAI LIMITED (COMPANY STAMP)

					
	/s/ Hode Shanghai Limited	 		 	

  

			
	By:	 	 /s/ Chen Rui

	Name:	 	Chen Rui
	Title:	 	Legal Representative

  
 Signature page to
Equity Pledge Agreement 

 [This page has no text and is the signature page of the Equity Pledge Agreement] 

IN WITNESS WHEREOF, the parties have caused this Equity Pledge Agreement to be executed as of the date and place set forth at the beginning hereof. 

PARTY B: 
  

			
	CHEN RUI
		
	By:	 	 /s/ Chen Rui

  
 Signature page to
Equity Pledge Agreement 

 [This page has no text and is the signature page of the Equity Pledge Agreement] 

IN WITNESS WHEREOF, the parties have caused this Equity Pledge Agreement to be executed as of the date and place set forth at the beginning hereof. 

PARTY C: 
 SHANGHAI KUANYU DIGITAL TECHNOLOGY CO., LTD.
(COMPANY STAMP) 

					
	/s/ Shanghai Kuanyu Digital Technology Co., Ltd.	  		  	

  

			
	By:	 	 /s/ Chen Rui

	Name:	 	Chen Rui
	Title:	 	Legal Representative

  
 Signature page to
Equity Pledge AgreementEX-4.7

 Exhibit 4.7 

Exclusive Business Cooperation Agreement 

This Exclusive Business Cooperation Agreement (hereinafter referred to as “this Agreement”) is made and entered into by and among the
following parties in Shanghai, China on December 23, 2020: 
  

			
	Party A:	 	HODE SHANGHAI LIMITED
	Address:	 	Room 4031, 4/F, Building 1, No. 310 Fasai Road, China (Shanghai) Pilot Free Trade Zone
		
	Party B:	 	SHANGHAI KUANYU DIGITAL TECHNOLOGY CO., LTD.
	Address:	 	Room 801, No. 489 Zhengli Road, Yangpu District, Shanghai

 Party A and Party B are hereinafter individually referred to as the “Party” and collectively, the
“Parties”. 
 Whereas: 
  

	1.	 Party A is a wholly foreign-owned enterprise established in the People’s Republic of China (hereinafter
referred to as the “PRC”). Its main business includes technology development, transfer, technical consultation and technical services, business information consultation, business management consultation, animation design and
advertising in the field of information technology and network technology; 

  

	2.	 Party B is a limited liability company established in the PRC, its main business includes value-added
telecommunications service, information network dissemination of audio-visual program business, radio and television program production and operation, commercial performances, online cultural business . All business activities operated and developed
by Party B at present and at any time during the term hereof are hereinafter referred to as the “Main Business”; 

  

	3.	 Party A agrees to make use of its human resource, technology and information advantages to provide Party B with
the relevant exclusive technical services, technical consultations and other services as stipulated in the terms of this Agreement during the term hereof (see below for the specific scope), and Party B agrees to accept such services provided by
Party A or its designated party (including Party A’s direct or indirect overseas parent company or a subsidiary directly or indirectly controlled by Party A’s direct or indirect overseas parent company) in accordance with the terms of this
Agreement; 

  

	4.	 The Parties have executed an Exclusive Technology Consulting and Services Agreement (hereinafter referred to as
the “Original Agreement”) on April 24, 2019. The Parties hereby agree to amend and restate the terms and conditions of the Original Agreement and agree to execute this Agreement in lieu of the Original Agreement.

 THEREFORE, Party A and Party B hereby agree as follows through mutual negotiation: 

 

	1.	 Provision of Services by Party A 

 

	 	1.1	 Pursuant to the terms and conditions of this Agreement, Party B hereby appoints Party A as Party B’s
exclusive service provider to provide Party B with comprehensive business support, technical services and consultation services, specifically including all or part of the services decided by Party A from time to time within the business scope of
Party A, including, but not limited to, the contents listed in Annex I as well as other consultations and services related to the above and provided by Party A from time to time upon the request of Party B to the extent permitted by the PRC
Laws (including any laws, regulations, rules, notices or other binding documents promulgated by any central or local legislative, administrative or judicial department of Mainland China before or after the execution of this Agreement, hereinafter
“PRC Laws”) (hereinafter referred to as “Services”). 

  
 1 

	 	1.2	 Party B agrees to accept the consultations and services provided by Party A. Party B further agrees that except
with Party A’s prior written consent, during the term hereof, Party B shall not accept, or cause its controlled subsidiaries to accept any consultation and/or services provided by any third party, and shall not cooperate with any third party,
in respect of the consultations and services contemplated herein. Party A may appoint other parties, who may enter into some or all agreements described in Article 1.4 with Party B, to provide Party B with the consultations and/or services under
this Agreement. 

  

	 	1.3	 In order to ensure that Party B meets the cash flow requirements in its daily operation and / or offset any
losses arising from its operation, whether or not Party B actually incurs any such operating losses, Party A may, at its discretion, decide to provide Party B with financial support (only to the extent permitted by the PRC Laws). Party A may provide
financial support to Party B in the form of loans permitted by the PRC Laws, and shall execute the contract in respect of such loan separately. 

  

	 	1.4	 Manner of Providing Services 

 

	 	(1)	 In order to fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, the
Parties may, directly or through their respective Affiliates with the corresponding service capabilities and resources, sign other technical service agreements and consulting service agreements for the purpose of providing services to Party B by
Party A, and agree on the specific contents, methods, personnel and expenses in respect of specific services. For the purposes of this paragraph and this Agreement, the “Affiliate” means, in case of any specific subject, that
specific subject directly or indirectly controlled through one or more intermediaries, or any other subject under the control of or the common control with such specific subject. 

 

	 	(2)	 In order to perform this Agreement, Party A and Party B agree that, during the term hereof, the Parties may
execute intellectual property (including but not limited to the copyright, trademark, patent, domain name, know-how, trade secret and otherwise) license agreements directly or through their respective
Affiliates, which shall permit Party B to use the relevant intellectual properties owned by Party A and its Affiliates at any time based on Party B’s business needs, and Party A may charge the relevant fees (including the service fee stipulated
in Article 2.1 below). 

  

	 	(3)	 In order to perform this Agreement, Party A and Party B agree that during the term hereof, the Parties may
execute the equipment lease agreement directly or through their respective Affiliates, which shall permit Party B to use the relevant equipment owned by Party A at any time based on Party B’s business needs, and Party A shall charge the
relevant fees (including the service fee stipulated in Article 2.1 below). 

  
 2 

	 	(4)	 In order to fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, the
Parties may, directly or through their respective Affiliates, sign other agreements for the purpose of providing services by Party A to Party B. 

  

	 	(5)	 Party A may, at its own discretion, decide to appoint any third party with the service capability and resources
to provide all or part of the services under this Agreement, but Party A shall be prudently responsible for the selection of such third party. Party A agrees to bear its legal liability under this Agreement for the work products of such third party,
except where Party B and such third party agree otherwise. Party B hereby acknowledges that Party A shall have the right to transfer its rights and obligations under this Agreement to any third party. 

 

	 	1.5	 In order to fulfill this agreement, Party A and Party B shall communicate and exchange all kinds of information
related to their business and/or their customers in a timely manner. 

 The services provided by Party A in this Agreement
are exclusive. Party B may continue to perform the agreement in respect of the same or similar services provided to Party B by a third party as to those provided by Party A on the date of execution hereof, subject to the written approval of Party A;
Party A does not agree, Party B shall promptly cancel such agreement with such third party and bear any costs and liabilities arising from the cancellation thereof. Party B shall continue to perform other contracts that Party B is performing or
other legal documents which are binding upon Party B, and Party B shall not amend, modify or terminate such contracts or legal documents without Party A’s prior written consent. 

 

	 	1.6	 In order to clarify the rights and obligations of the Parties and to enable the above-mentioned service
agreement to be performed in practice, the Parties agree, subject to the provisions of the PRC Laws: 

  

	 	(1)	 Party B shall operate based on Party A’s opinions or suggestions under Article 1.1 hereof.

  

	 	(2)	 Except that Party B’s former directors, supervisors and senior management officers agreed by Party A may
remain in office, Party B shall, in accordance with the procedures prescribed by PRC laws, appoint Party A’s recommended candidates as Party B’s directors and supervisors, and shall, subject to the PRC laws, appoint Party A’s
recommended personnel as Party B’s general manager, chief financial officer and other senior management officers to be responsible for and supervise Party B’s business and operation. Subject to the PRC Laws, Party B shall not remove the
directors, supervisors and senior management officers of its company recommended by Party A for any other reason except for reasons of retirement, resignation, incompetence or death, unless with the prior written consent of Party A.

  

	 	(3)	 Party B agrees to cause Party B’s directors, supervisors and senior management officers to exercise or
perform their authorities or obligations under the PRC Laws and Party B’s articles of association as instructed by Party A. 

  
 3 

	 	(4)	 Party A has the right to set up and adjust Party B’s organization and conduct the human resource
management. 

  

	 	(5)	 Party A shall have the right to carry out service-related business in the name of Party B. Party B shall
provide Party A with all necessary support and facilities for the smooth development of the business, including, but not limited to, issuing to Party A all necessary authorizations for the provision of the relevant services. 

 

	 	(6)	 Subject to the PRC Laws, Party A shall have the right to check Party B’s accounts regularly and at any
time, and Party B shall keep accounts in a timely and accurate manner and provide Party A with its accounts as required by Party A. Within the term hereof, Party B agrees to cooperate with Party A and Party A’s legal person shareholders (only
referred to Hode HK Limited and its controlled subsidiaries, the same as follows) to conduct audits (including but not limited to related transaction audits and other types of audits), to provide Party A and Party A’s legal person shareholders
and/or auditors entrusted by Party A with relevant data and information on Party B’s operations, business, customers, finance, employees, etc., and to agree that Party A’s shareholders disclose such data and information in order to meet
the requirements of securities supervision. 

  

	 	(7)	 Party B agrees that the relevant certificates and company seals important to Party B’s daily operation,
including Party B’s business license, qualification certificate, official seal, contract seal, financial special seal and legal representative seal involved in the operation of the business, shall be kept by Party B’s directors, legal
representative, general manager, chief financial officer and other senior management officers recommended by Party A and appointed by Party B in accordance with the legal procedures. 

 

	 	1.7	 The Parties agree that the services provided by Party A to Party B hereunder shall also apply to the
subsidiaries controlled by the Parties, and the Parties shall urge their controlled subsidiaries to exercise their rights and perform their obligations in accordance with this Agreement. 

 

	2.	 Calculation of Service Charges, Payment Methods, Financial Statements, Audit and Taxation

  

	 	2.1	 For the services provided by Party A in accordance with this Agreement, and subject to the PRC Laws, during the
term of this Agreement, after Party B and its controlled subsidiaries shall, after the end of each financial year, make up for the losses of the previous year (if necessary) and deduct the necessary costs, expenses, taxes and fees incurred in the
corresponding financial year, and draw the statutory provident funds that must be drawn according to law, the incomes of Party B and its controlled subsidiaries (including the accumulated incomes of the previous financial year) shall be equal to the
combined net profits and shall be paid to Party A as service charges (hereinafter referred to as “Service Charges”); and Party A shall have the right to determine the above deductible items. The amount of such Service Charges shall
be determined by Party A, and their calculation and adjustment shall take into account, but not limited to, the following factors, and Party A shall have the right to decide independently to adjust such Service Charges: (a) the difficulty of
the management and technology provided by Party A and the complexity of the management and technical advice and other services provided; (b) the time required for Party A’s related personnel to provide such management and technical advice
and other services; (c) the specific content and commercial value of the management and technical advice and other services provided by Party A; (d) the specific content and commercial value of the intellectual property license and lease
service provided by Party A; and (e) the market price of the same kind of services. The above Service Charges shall be transferred by Party B to the bank account designated by Party A by remittance or any other means approved by the Parties
within five (5) business days after Party A issues payment instructions to Party B. Party A may change such payment instructions from time to time. The Parties agree that the payment of the above Service Charges shall not, in principle, cause
any difficulty in the operation of either Party in the current year. For the above purpose, Party A shall have the right to agree to Party B’s deferred payment to avoid any financial difficulties of the Party B. Party A shall also have the
right to make any other adjustment to the Service Charges that it deems reasonable, but shall notify Party B in writing in advance. 

  
 4 

	 	2.2	 Party A agrees that, in case of Party B’s operating losses or serious operating difficulties, it will have
the right to decide to provide financial support for Party B; in the event of the foregoing, only Party A shall have the right to decide whether Party B will continue to operate and Party B shall unconditionally approve and agree to Party A’s
above decision. 

  

	 	2.3	 Party B shall, within 60 business days after the end of each financial year (hereinafter referred to as the
“Previous Financial Year”) or at the request of Party A, (a) provide Party A with the Party B’s audited consolidated financial statements in the Previous Financial Year, which shall be audited by an independent certified
public accountant approved by Party A; (b) if the audited financial statements show any deficiency in the total amount of the Service Charges paid by Party B to Party A during the Previous Financial Year, Party B shall pay the difference to
Party A within 5 days from the date Party A or Party B finds the difference. 

  

	 	2.4	 Party B shall, in accordance with the applicable laws, generally recognized accounting standards and commercial
practices, prepare financial statements that meet the requirements of Party A. 

  

	 	2.5	 Upon prior notice from Party A, Party A and/or its designated auditor shall have the right to review Party
B’s relevant books and records at Party B’s main office and copy the required books and records in order to verify Party B’s income amount and the accuracy of the statements. Party B shall, in accordance with the requirements of Party
A, provide relevant information and materials concerning Party B’s operation, business, customers, finance, employees, etc., and agree that Party A or Party A’s legal person shareholders may disclose or publish such information and
materials if necessary. 

  

	 	2.6	 The tax burden arising from the performance of this Agreement shall be borne by the Parties.

  

	3.	 Intellectual Property and Confidentiality 

 

	 	3.1	 In order to perform this Agreement, Party A and Party B agree that, during the term hereof, the Parties and
their respective Affiliates may execute the licensing agreement of intellectual property (including but not limited to copyright, trademark, patent, domain name, know-how, trade secret and otherwise) directly
or through their respective Affiliates, which shall permit either Party to use the relevant intellectual properties owned by the other Party. In particular, Party A or its Affiliates shall have the right to use the intellectual property owned by
Party B or its Affiliates free of charge in accordance with such agreement. 

  
 5 

	 	3.2	 Unless with the prior written consent of Party A, on basis of the provision of the services hereunder for Party
B and its controlled subsidiaries, Party A shall have unique and proprietary rights and interests in any right, title, equity and intellectual property including but not limited to all present and future copyrights, patents (including invention
patents, utility model patents and design patents), trademarks, trade names, brands, software, know-hows, trade secrets, all related goodwill, domain names and any other similar rights (hereinafter referred to as “Such Rights”)
arising or created during the performance of this Agreement by Party B and its controlled subsidiaries, whether developed by Party A or by Party B. Party B shall not claim any of Such Rights from Party A. Party B shall sign all the documents
required to make Party A the owner of Such Rights and take all actions necessary to make Party A the owner of Such Rights. Party B warrants that there are no defects in Such Rights and will compensate Party A for any losses caused by such defects
(if any). 

  

	 	3.3	 Without the written consent of Party A, Party B shall not, and shall compel its controlled subsidiaries not to,
transfer, assign, pledge, licence or dispose of any of Such Rights and any intellectual property Party B and its controlled subsidiaries are entitled to as of the execution date hereof, including but not limited to all the present and future
copyrights, patents (including invention patents, utility model patents and design patents), trademarks, trade names, brands, software, know-hows, trade secrets, all relevant goodwill, domain names and any other similar right (hereinafter referred
to as “Corresponding Rights”). 

  

	 	3.4	 Party B shall dispose of any corresponding rights in accordance with Party A’s instructions from time to
time, including, but not limited to, the transfer or authorization of the corresponding rights to Party A or its designated person without violating the PRC Laws. 

 

	 	3.5	 The Parties hereto acknowledge that any oral or written information they exchange in connection with this
Agreement is confidential. Party B shall keep all such information confidential and shall not disclose any relevant information to any third party without the written consent of Party A, other than the information: (a) known to the public (but
not disclosed to the public by any recipient); (b) required to be disclosed by applicable law or by the rules or regulations of any stock exchange; or (c) required to be disclosed by Party B to their legal or financial advisers, who shall be
bound by a confidentiality obligation similar to the obligations in this Article, in respect of transactions as contemplated herein. The disclosure of any confidential information by the staff or agencies employed by Party B shall be deemed to be
the disclosure of such confidential information by Party B, which shall be liable for breach of this Agreement. This Article shall remain in force regardless of the termination of this Agreement for any reason. 

 

	 	3.6	 Party B shall not execute any document or make any relevant undertaking which is in conflict with any agreement
or any other legal document that is executed and being performed by Party A and/or its Affiliates; Party B shall not cause any conflict of interest between Party B and Party A as well as its Affiliates through any act or omission. In case of any
such conflict of interest (Party A shall have the right to decide unilaterally whether such conflict of interest arises), Party B shall take measures in a timely manner to eliminate it as soon as possible with the consent of Party A and/or its
Affiliates. If Party B refuses to take measures to eliminate conflicts of interest, Party A shall have the right to exercise its call options under the Exclusive Option Agreement (hereinafter referred to as the “Exclusive Option
Agreement”) executed with Party B and Party B’s shareholders on the execution date hereof. 

  
 6 

	 	3.7	 Within the term hereof, all customer information and other relevant information related to Party B’s
business and the services provided by Party A shall be owned by Party A. 

  

	 	3.8	 The Parties hereto agree that, this Article 3 hereto shall survive the change, cancellation or termination
hereof. 

  

	4.	 Representations and Warranties 

 

	 	4.1	 The representations and warranties of Party A are as follows: 

 

	 	(1)	 Party A is a wholly foreign-owned enterprise (WFOE) duly registered and validly existing under the PRC Laws
with the independent legal person qualification; has full and independent legal status and legal capacity, and has obtained appropriate authorization to execute, deliver and perform this Agreement, and can act as an independent subject of
litigation; 

  

	 	(2)	 Party A signs and performs this Agreement within its legal personality and the scope of its business operations
and has the permission, record and qualification required to provide the services as stipulated herein. Party A has taken the necessary corporate actions and has been duly authorized and obtained the consent and approval (if necessary) of third
parties and government agencies to complete the transactions mentioned herein and will not violate the laws or other restrictions binding or affecting Party A. 

 

	 	(3)	 After its execution and delivery of this Agreement, this Agreement shall constitute a legal, valid and binding
obligation of Party A and may be enforced in accordance with the terms of this Agreement. 

  

	 	(4)	 Party A has no litigation, arbitration or any other judicial or administrative procedure having occurred and
outstanding that will affect Party A’s ability to perform its obligations hereunder, and to the best of its knowledge no one threatens to take such action. 

 

	 	4.2	 The representations, warranties and undertakings of Party B are as follows: 

 

	 	(1)	 Party B is a limited liability company duly registered and validly existing under the PRC Laws with the
independent legal person qualification; has full and independent legal status and legal capacity, and has obtained appropriate authorization to execute, deliver and perform this Agreement, and can act as an independent subject of litigation.

  

	 	(2)	 Party B’s acceptance of the services provided by Party A will not violate any PRC Laws. Party B will sign
and perform this Agreement within its legal personality and the scope of its business operations and Party B has taken the necessary corporate actions and has been duly authorized and obtained the consent, approval or filing of third parties and
government agencies to complete the transactions mentioned herein and will not violate the laws or other restrictions binding or affecting Party B. 

  
 7 

	 	(3)	 After its execution and delivery of this Agreement, this Agreement shall constitute a legal, valid and binding
obligation of Party B and may be enforced in accordance with the terms of this Agreement. 

  

	 	(4)	 Party B has no litigation, arbitration or any other judicial or administrative procedure having occurred and
outstanding that will affect Party B’s ability to perform its obligations hereunder, and to the best of its knowledge no one threatens to take such action. If any litigation, arbitration or any other judicial proceeding or administrative
punishment occurs or may occur in relation to Party B’s assets, business or income, Party B will notify Party A immediately after knowing such litigation, arbitration or any other judicial proceeding or administrative punishment, and will only
reach a settlement on such proceedings with the prior written consent of Party A. 

  

	 	(5)	 In accordance with this Agreement, Party B shall pay Party A the Service Charges in full and on time, and
maintain the continuous validity of the license and qualification related to the business of Party B and its controlled subsidiaries within the service period. In all the matters necessary for Party A to effectively perform its duties and
obligations hereunder, Party B will assist Party A, provide Party A with full cooperation and actively work with the services provided by Party A, and accept Party A’s reasonable opinions and suggestions on the business of Party B and its
controlled subsidiaries. 

  

	 	(6)	 Without the prior written consent of Party A, from the execution date hereof, Party B will not, and shall urge
its controlled subsidiaries not to sell, transfer, mortgage or otherwise dispose of legal rights and interests in any assets (including tangible assets or intangible assets, excluding assets within RMB 1 million as required in the normal
business operations), business, operation right or income, or cause any Security Interest or other encumbrance to be placed on the same. For the purpose of this Paragraph and this Agreement, the “Security Interest” shall include
mortgage, pledge, lien and any security over third party right or interest, including any equity interest call option, acquisition right, right of first refusal, set-off right, ownership retention or other
security arrangements. 

  

	 	(7)	 Without the prior written consent of Party A, except for the reasonable expenses in the normal course of
operation, Party B shall not pay any fee to any third party in any name, shall not exempt any third party from its debts, shall not lend or borrow a loan to any third party, or provide a security or guarantee for any third party, or allow any third
party to establish any other Security Interest in its assets or interests. 

  

	 	(8)	 Without the prior written consent of Party A, from the execution date hereof, Party B shall not, and shall
cause its controlled subsidiaries not to, incur, inherit, guarantee or permit the existence of any debt , (except (i) the debts incurred in the normal course of business but not through loans; and (ii) the debts that have been disclosed to
and consented in writing by Party A). 

  
 8 

	 	(9)	 Without the prior written consent of Party A, from the execution date hereof, Party B shall not, and shall
cause its controlled subsidiaries not to, execute any major contract other than those executed in the course of normal business and those executed between Party B with Party A and its Affiliates (in this Paragraph, a contract shall be deemed as a
major contract if its value exceeds RMB 1 million). 

  

	 	(10)	 Without the prior written consent of Party A, from the execution date hereof, Party B shall not, and shall
cause its controlled subsidiaries not to: (a) be merged, consolidated with or become a united entity with any third party; (b) invest or acquire any third party or be invested, acquired or controlled by any third party; (c) increase
or decrease its registered capital, or otherwise change the form of the company or its registered capital structure or accept the investment or capital increase of Party B by the existing shareholders or third parties ; (d) be liquidated and
dissolved. 

  

	 	(11)	 Subject to the applicable PRC Laws, Party B shall appoint the person recommended by Party A as its director,
supervisor or senior management officer; Party B shall not, for any other reason, refuse to appoint the person recommended by Party A unless with the prior written consent of Party A or as otherwise agreed herein. 

 

	 	(12)	 Party B shall hold any and all governmental permits, licenses, authorizations and approvals necessary for its
business within the term of this Agreement and shall ensure that all such governmental permits, licenses, authorizations and approvals will continue to be valid and legal throughout the term of this Agreement. Any and all government licenses,
permits, authorizations and approvals necessary for Party B’s business to be changed and/or increased as a result of changes in the provisions of the competent governmental authorities shall be changed and/or obtained by Party B in accordance
with the requirements of the applicable laws during the term of this Agreement. 

  

	 	(13)	 Party B shall promptly inform Party A of the circumstances that have or may have a significant adverse effect
on the business and operation of Party A, and shall do its utmost to prevent the occurrence and/or expansion of such circumstance. 

  

	 	(14)	 Without the prior written consent of Party A, Party B and/or its controlled subsidiaries shall not amend the
articles of association or change the main business or make major adjustments to the business scope, model, profit model, marketing strategy, business policy or customer relationship of Party B and/or its controlled subsidiaries.

  

	 	(15)	 Without the prior written consent of Party A, Party B and / or its controlled subsidiaries shall not enter into
any partnership or joint venture or profit sharing arrangement with any third party, or any other arrangement for the purpose of transfer of benefits or the realization of profit sharing in the form of royalties, service fees or consultancy fees.

  
 9 

	 	(16)	 At the request of Party A from time to time, Party B shall provide Party A with information on Party B’s
operation, management and financial situation. 

  

	 	(17)	 Without the prior written consent of Party A, Party B shall not announce or distribute bonuses, dividends or
any other benefit to its shareholders. 

  

	 	(18)	 Party B shall provide Party A with any technical or other information it deems necessary or useful to provide
services hereunder, and allow Party A to use Party B’s relevant facilities, data or information it deems necessary or useful to provide services hereunder. 

 

	 	4.3	 In the event of divorce, incapacity, declared disappearance/death, death, bankruptcy or any other circumstance
that may affect the holding of Party B’s equity, Party B shall guarantee that such circumstance shall not affect its performance of this Agreement. 

  

	 	4.4	 Either Party A or Party B respectively guarantee to the other Party that once the PRC Laws allow Party A to
hold directly and Party A decides that it directly or designates its Affiliate to hold Party B’s equity and Party A and / or its Affiliate may legally engage in Party B’s business, the Parties shall terminate this Agreement upon the
request of Party A after Party A or its designated Affiliate has formally registered as Party B’s shareholder at the competent administration for industry and commerce. 

 

	5.	 Effect and Term 

This Agreement shall enter into force on the date when it is executed by and between the Parties and shall remain in force unless this
Agreement terminates in accordance with Article 6.1. 
  

	6.	 Termination 

  

	 	6.1	 This Agreement shall be terminated in any of the following circumstances: 

 

	 	(a)	 On the date of bankruptcy, liquidation, termination or dissolution according to law if Party B goes bankrupt,
is liquidated, terminated or dissolved according to law during the term of this Agreement; 

  

	 	(b)	 On the date on which all the shares or assets of Party B have been transferred to Party A or the Affiliate
designated by Party A in accordance with the Exclusive Option Agreement; 

  

	 	(c)	 On the date when Party A or its designated Affiliate is formally registered as Party B’s shareholder at
the competent administration for industry and commerce once the PRC Laws allow Party A to hold the shares of Party B directly and Party A and its subsidiaries can legally engage in Party B’s business; 

 

	 	(d)	 On the date of the expiration of such written notice when Party A terminates this Agreement by giving Party B a
written notice thirty (30) days in advance at any time within the term hereof; 

  

	 	(e)	 Earlier termination according to Article 7 hereof. 

  
 10 

	 	6.2	 Within the term hereof, Party B shall not cancel this Agreement unilaterally. Party A may terminate this
Agreement in accordance with Article 6.1(d) above without any liability for breach of contract for its unilateral cancellation hereof. 

  

	 	6.3	 After the termination of this Agreement, the rights and obligations of the Parties under Articles 3, 8, 10, 11,
16.3 shall remain in force. 

  

	 	6.4	 The early termination of this Agreement for any reason does not exempt either Party from all the payment
obligations hereunder (including, but not limited to, the payment of Service Charges) arising from or due to this Agreement prior to the termination hereof, nor does it exempt any liability for breach of contract arising prior to the termination
hereof. Party B shall pay Party A the Service Charges payable before the termination hereof within fifteen (15) business days from the date of termination hereof. 

 

	7.	 Liability for Breach 

 

	7.1	 Except as otherwise provided herein, if a party (hereinafter referred to as the “Breaching
Party”) fails to perform an obligation hereunder or violates this Agreement in other manner, the other Party (hereinafter referred to as the “Aggrieved Party”) may (a) send a written notice to the Breaching Party
indicating the nature and scope of the breach and requesting the Breaching Party to remedy it at its own cost within the reasonable period provided in the notice (hereinafter referred to as the “Remedy Period”); if the Breaching
Party fails to remedy it during the Remedy Period, the Aggrieved Party shall have the right to request the Breaching Party to assume all liabilities caused by its breach and compensate the Aggrieved Party for all actual economic losses caused to the
Aggrieved Party by its breach, including but not limited to lawyer’s fees, litigation or arbitration fees arising from any litigation or arbitration proceedings relating to such breach, and furthermore, the Aggrieved Party shall also have the
right to request the Breaching Party to enforce this Agreement and request the competent arbitral institution or court to order specific performance and/or enforcement of the terms agreed herein; (b) terminate this Agreement, and request the
Breaching Party to assume all liabilities caused by its breach, and provide all damages; or (c) discount, auction or sell off the pledged equity interests as agreed in the Equity Pledge Agreement entered into by the Parties and the existing
shareholders of Party B on the execution date hereof, and have priority in compensation with the proceeds from the discounting, auctioning or selling off and request the Breaching Party to assume all losses caused thereby. The exercise of the
aforesaid remedial rights by the Aggrieved Parties shall not prevent them from exercise of other remedial rights pursuant to the provisions of this Agreement and the laws. 

 

	7.2	 The Parties hereto agree and acknowledge that except as compulsorily provided by the PRC Laws, if Party B is a
Breaching Party, Party A shall have the right to unilaterally terminate this Agreement immediately and request the Breaching Party to provide the liquidated damages. If Party A is the Breaching Party, Party B shall waive Party A’s obligation to
provide damages, and unless otherwise provided by the laws, Party B shall not in any event have any right to terminate or cancel this Agreement. 

  

	8.	 Applicable Law, Dispute Settlement and Law Change 

 

	 	8.1	 The execution, effectiveness, interpretation, performance, modification and termination of this Agreement and
the settlement of disputes hereunder shall be governed by the law of the People’s Republic of China. 

  
 11 

	 	8.2	 Any dispute arising from the interpretation and performance hereof shall be settled through friendly
negotiation between the Parties hereto. If the Parties fail to reach an agreement on the settlement of such dispute within thirty (30) days after either Party requests the other parties to settle such dispute through negotiation, any Party may
submit such dispute to the China International Economic and Trade Arbitration Commission for arbitration in accordance with the arbitration rules in force at that time. The arbitration shall be conducted in Beijing and the language of arbitration
shall be Chinese. The arbitral award shall be final and binding on the Parties hereto. The arbitral tribunal may rule on Party B’s equity interests, assets or property interests as the compensation or satisfaction to Party A for the losses
caused by the breach of contract by Party B, rule on injunctive relief in respect of the relevant business or asset transfer, or order Party B to carry out bankruptcy liquidation. After the arbitral award comes into effect, any Party shall have the
right to apply to the competent court for enforcement of the arbitral award. The court in Mainland China, Hong Kong, the Cayman Islands or any other court with competent jurisdiction (including the court in the place where Party B is incorporated
and where Party B or Party A’s main assets are located shall be deemed to have competent jurisdiction) shall have the right to enforce the award made by the arbitral tribunal, including, but not limited to, restrictions on the operation of
Party B’s business, restrictions on and/or disposition of Party B’s equity interests, assets or property interests (including, but not limited to, applying the same as compensation), prohibition of assignment or disposition or other
relevant reliefs in respect thereof, liquidation of Party B, and have the right to make a ruling or judgment during the waiting period for the constitution of the arbitral tribunal or in other appropriate circumstances to provide interim reliefs to
the party initiating the arbitration, including but not limited to the ruling or judgment for the breaching party to immediately stop the breach or the ruling for the breaching party not to carry out acts that may lead to further expansion of the
loss suffered by Party A. 

  

	 	8.3	 In the event of any dispute arising from the interpretation and performance of this Agreement or any dispute
being arbitrated, the Parties hereto shall continue to exercise their respective rights hereunder and perform their respective obligations hereunder, except in the matter in dispute. 

 

	 	8.4	 After the date of execution hereof, if at any time, as a result of the promulgation of or change in any PRC
Laws, or as a result of the interpretation or application of such PRC Laws, the following agreements shall apply: to the extent permitted by the PRC Laws, (a) if the change in law or the newly promulgated provisions are more favorable to Party
A than the relevant PRC Laws in force on the date of execution hereof (while Party B is not seriously adversely affected), the Parties shall promptly apply for benefits arising from the change or new provisions and do their best to obtain the
approval of such application; or (b) if Party A’s economic interests under this Agreement are directly or indirectly adversely affected by the above changes of the PRC Laws or newly promulgated provisions, this Agreement shall continue to
be performed in accordance with the original terms, and the parties shall use all legal means to waive compliance with such change or provisions. If the adverse effect on Party A’s economic interests can not be resolved in accordance with this
Agreement, the Parties hereto shall promptly negotiate and make all necessary amendments hereto in order to maintain Party A’s economic interests hereunder. 

  
 12 

	9.	 Force Majeure 

 

	 	9.1	 “Force Majeure” means an event which is unforeseeable, unavoidable and insurmountable and which
renders any partial or total default under this Agreement by one Party hereto. Such Force Majeure events include, but are not limited to, earthquakes, typhoons, floods, wars, strikes, riots, government actions, changes in legal provisions or the
applicability of the legal provisions. 

  

	 	9.2	 In event of a Force Majeure event, the obligation of one party to be affected by such event under this
Agreement shall automatically be suspended during the delay caused by such event, and its performance shall be automatically extended for the period of suspension. The party shall not be punished or liable for this. In the event of force majeure,
the Parties shall immediately negotiate a fair solution and make every reasonable effort to minimize the impact of force majeure. 

  

	10.	 Indemnification 

Party B shall indemnify Party A for any loss, damage, liability or expense caused by or arising from any action, claim or any other demand
against Party A in respect of any consultation or service provided by Party A at the request of Party B, and shall hold Party A free from damage, unless such loss, damage, liability or expense is caused by Party A’s gross negligence or
intentional misconduct. 
  

	11.	 Notices 

  

	 	11.1	 All notices and other correspondences required or permitted to be given under this Agreement shall be sent
personally, by registered mail with postage prepaid, courier service, facsimile or e-mail to the address, fax number or e-mail of the other Party hereto as listed in
Annex II hereto. An additional confirmation shall be sent by e-mail for each notice. Such notice shall be deemed to be duly served on: 

 

	 	(1)	 If sent personally, by registered mail with postage prepaid, courier service, on the date of acceptance or
refusal thereof at the recipient’s address specified for such notice; 

  

	 	(2)	 If sent by fax, on the date of successful transmission (as evidenced by automatically generated confirmation of
transmission); 

  

	 	(3)	 If sent by e-mail, on the date of successful transmission.

  

	 	11.2	 Any Party may, in accordance with the terms of this Article, change its receiving address, fax and/or email
address at any time by giving notice to other Parties hereto. 

  

	12.	 Transfer 

  

	 	12.1	 Party B may not assign its respective rights and obligations hereunder to any third party without the prior
written consent of Party A. 

  

	 	12.2	 Party B agrees that Party A may transfer its rights and obligations hereunder to any third party by giving
Party B prior written notice without Party B’s consent. 

  
 13 

	13.	 Severability 

If one or more of the provisions of this Agreement are found to be invalid, illegal or unenforceable in any way under any applicable law or
regulation, the validity, legality or enforceability of the remaining provisions hereof shall not be affected or impaired in any way. The Parties shall, through consultations in good faith, seek to replace such invalid, illegal or unenforceable
provisions with valid provisions to the maximum extent permitted by law and expected by the Parties, and the economic effects of such valid provisions shall be as similar as those of such invalid, illegal or unenforceable provisions to the extent
possible. 
  

	14.	 Modification and Supplement 

 

	 	14.1	 Any amendment or supplement hereto shall be made in writing. The amendment agreement and supplementary
agreement relating hereto by the Parties hereto shall be an indivisible part hereof and shall have the same legal effect as this Agreement. 

  

	 	14.2	 Where the stock exchange or other regulatory agency of Hong Kong or NASDAQ of the United States proposes any
amendment to this Agreement, or where the listing rules or other relevant regulations, rules, codes, guidelines of Hong Kong or NASDAQ of the United States require amending this Agreement or any arrangement hereunder, the Parties hereto shall amend
this Agreement accordingly. 

  

	15.	 Counterparts 

This Agreement is made in two (2) counterparts. Each party holds one (1) counterpart respectively, and all of them shall have the
same legal effect. 
  

	16.	 Miscellaneous 

 

	 	16.1	 Except written amendments, supplementations or modifications made after the signing hereof, this Agreement
shall constitute the entire agreement between the Parties hereto in respect of the cooperation hereunder and shall supersede all prior oral and written consultations, representations and contracts in respect of the cooperation hereunder.

  

	 	16.2	 This Agreement shall be binding on the respective successors of the Parties hereto and the permitted assignees
of the Parties hereto. 

  

	 	16.3	 Any Party hereto may waive the rights it is entitled to under this Agreement, provided that such waiver by
Party B must be in writing and signed by Party A. No waiver by any Party in respect of a breach by the other Party hereto in a certain circumstance shall be deemed as a waiver of any similar breach in any other circumstance. 

 

	 	16.4	 The headings of this Agreement are for ease of reading only and shall not be used to interpret, explain or
otherwise affect the meaning of the provisions hereof. 

 (The remainder of this page is intentionally left blank) 

  
 14 

 [This page has no text and is the signature page of the Exclusive Business Cooperation Agreement] 

IN WITNESS WHEREOF, the parties have caused this Exclusive Business Cooperation Agreement to be executed as of the date and place set forth at the beginning
hereof. 
 HODE SHANGHAI LIMITED (COMPANY STAMP) 
  

	
	/s/ Hode Shanghai Limited

  

			
	By:	 	/s/ Chen Rui

			
	Name: Chen Rui
	Title: Legal Representative

 Signature page to Exclusive Business Cooperation Agreement 

 [This page has no text and is the signature page of the Exclusive Business Cooperation Agreement] 

IN WITNESS WHEREOF, the parties have caused this Exclusive Business Cooperation Agreement to be executed as of the date and place set forth at the beginning
hereof. 
 SHANGHAI KUANYU DIGITAL TECHNOLOGY CO., LTD. (COMPANY STAMP) 

/s/ Shanghai Kuanyu Digital Technology Co., Ltd. 
  

			
	By:	 	/s/ Chen Rui

	
	Name: Chen Rui
	Title: Legal Representative

 Signature page to Exclusive Business Cooperation Agreement

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