Document:

stg-ex450_179.htm

Exhibit 4.50 

 

 

Power of Attorney

 

The following parties acknowledge that, for the purpose of the performance by the shareholders (“Authorizers”) of Wuhan Hadeliang Online Education Technology Co., Ltd. (“Wuhan Hadeliang”) of any specific obligations required by them as the shareholders of Wuhan Hadeliang, all Authorizers hereby grant the authorization and sign this Power of Attorney (hereinafter referred to as “Power of Attorney”):

 

XIAO Bowen, LI Zhifeng,

 

(The above Authorizers are collectively referred to as “Authorizers”)

 

The Authorizers hereby irrevocably authorize to the maximum scope permitted by law Wuhan Studyvip Online Education Co., Limited ("WFOE") or its designated person or authorized representative (“Authorized Person”) to exercise all their shareholder rights corresponding to all voting shares (“Shares”) held by them in Wuhan Hadeliang on behalf of the Authorizers, including but not limited to the rights to (1) propose to hold a meeting of shareholders, and receive any notices on the convening and proceedings of the meetings of shareholders; (2) participate in a meeting of shareholders and sign the relevant shareholder resolutions on behalf of the Authorizers; (3) exercise all shareholder rights enjoyed by the Authorizers according to the laws and the articles of association, including but not limited to the voting rights, the right to sell or transfer or pledge or dispose of all or any part of the Shares of the Authorizers and the right to decide any bonus and other matters; (4) designate and appoint, as the authorized representative of the Authorizers, the chairman, directors, supervisors, general manager, chief financial officer and other senior managers of Wuhan Hadeliang at the meeting of shareholders of Wuhan Hadeliang.

 

All powers of attorney in relation to any Shares that were issued by the Authorizers prior to the date of signature of this Power of Attorney shall be irrevocably revoked, and the Authorizers hereby warrant that they shall not issue a separate power of attorney in respect of any Shares. This Power of Attorney and any powers, rights or interests granted by it shall be irrevocable.

 

Except as otherwise agreed herein, all acts done by the Authorized Person in respect of any Shares of the Authorizers may be done at the Authorized Person’s sole discretion without any oral or written instructions of the Authorizers. The Authorizers hereby irrevocably acknowledge that all acts done by the Authorized Person in respect of any Shares of the Authorizers shall be deemed to be the acts done by the Authorizers and that all documents signed by the Authorized Person shall be deemed to be the documents signed by the Authorizers. In addition, the Authorized Person shall have the right to transfer such delegation and may delegate this authorization to any other individuals or entities designated by the board of directors of designated by the board of directors of the WFOE.

 

Unless the Business Operation Agreement signed by Wuhan Hadeliang, Authorized Person and Authorizers is terminated in advance for any reason, the term of this Power of Attorney shall be ten years from the date of signature hereof. Upon expiration of this Power of Attorney, the Authorizers shall, at the request of the Authorized Person, extend the term of this Power of Attorney according to the Authorized Person’s requirements.

 

This Power of Attorney shall be binding upon all senior managers, directors, agents, assigns and successors of the Authorizers.

 

In witness whereof, the Authorizers have caused this Power of Attorney to be executed on 22nd day of September, 2020.

 

 

 

[This page is the signature page to the Power of Attorney]

 

Authorizers

 

 

XIAO Bowen

Signature: /s/ XIAO Bowen

 

LI Zhifeng

Signature: /s/ LI Zhifeng

 

 

[This page is the signature page to the Power of Attorney]

 

Authorized Person

 

Wuhan Studyvip Online Education Co., Limited

Signature: /s/ LIU Tongbo (Seal)

Name: LIU Tongbo

Title: Authorized Representativestg-ex451_215.htm

 Exhibit 4.51

 

Spousal Consents

 

I, HAN Qian, (Citizen of the People's Republic of China; ID Card No.:                   ), is the lawful spouse of LI Zhifeng (Citizen of the People's Republic of China; ID Card No.:                   , the “My Spouse”). I hereby confirm and agree that the equity held by My Spouse presently and in the future (hereinafter referred to as “Equity and Interest”) is the personal property of My Spouse, do not form the common property of me and My Spouse and can be disposed solely by My Spouse:

 

1) The equity of Wuhan Hadeliang Online Education Technology Co., Ltd. (the “Wuhan Hadeliang”);

 

I hereby unconditionally and irrevocably waive any foregoing Equity and Interest, or any rights or Equity and Interest of the corresponding assets thereof which may be granted to me by any applicable laws, promise not to propose any claim regarding the foregoing Equity and Interest and the corresponding assets thereof, including proposing that the any of the foregoing Equity and Interest and its corresponding assets constitute the common property of me and My Spouse, and based upon such proposition, further claiming to participate in the routine operation management of the Shareholding Platform or Wuhan Hadeliang or affecting in any manner any decision made by My Spouse.

 

I further confirm, promise and warrant that under any circumstance, My Spouse shall have the right to independently dispose any of the foregoing Equity and Interest he holds, and that I will not take any action that may affect or prevent the performance by My Spouse of the obligations under any transaction or transaction documents in connection with the foregoing Equity and Interest (including but not limited to, the series of controlling agreements signed by Wuhan Hadeliang and its shareholders and Wuhan Studyvip Online Education Co. Limited).

 

The conclusion, validity, interpretation, performance, modification, termination and dispute settlement shall be governed by the laws of China. All parties to this Letter agree that any dispute arising out of the interpretation and performance of this Spousal Consents shall be firstly settled through amicable negotiations, or in case it cannot be settled within Thirty (30) days after one party issues a written notice to the other parties to the effect of requesting settlement through negotiations, either party may submit the dispute to China International Economic and Trade Arbitration Commission for arbitration subject to its then-currently effective arbitration rules. The arbitration shall be conducted at Beijing. The language of the arbitration shall be in English. The arbitration award shall be final and binding upon the parties.

 

 

This Spousal Consents is signed on the 22nd day of September, 2020.

 

 

[The remainder of this page is intentionally left blank]

 

[This page is the signature page to the Spousal Consents]

 

Signature: /s/ HAN Qian

Name: HAN Qian

 

 

 

LI Zhifeng hereby agrees and accepts this Spousal Consents:

Signature: /s/ LI Zhifeng 

Name: LI Zhifeng

 

Spousal Consents - Signature Page

 

Spousal Consents

 

I, YAO Guang, (Citizen of the People's Republic of China; ID Card No.:                           ), is the lawful spouse of XIAO Bowen (Citizen of the People's Republic of China; ID Card No.:                           , the “My Spouse”). I hereby confirm and agree that the equity held by My Spouse presently and in the future (hereinafter referred to as “Equity and Interest”) is the personal property of My Spouse, do not form the common property of me and My Spouse and can be disposed solely by My Spouse:

 

1) The equity of Wuhan Hadeliang Online Education Technology Co., Ltd. (the “Wuhan Hadeliang”);

 

I hereby unconditionally and irrevocably waive any foregoing Equity and Interest, or any rights or Equity and Interest of the corresponding assets thereof which may be granted to me by any applicable laws, promise not to propose any claim regarding the foregoing Equity and Interest and the corresponding assets thereof, including proposing that the any of the foregoing Equity and Interest and its corresponding assets constitute the common property of me and My Spouse, and based upon such proposition, further claiming to participate in the routine operation management of the Shareholding Platform or Wuhan Hadeliang or affecting in any manner any decision made by My Spouse.

 

I further confirm, promise and warrant that under any circumstance, My Spouse shall have the right to independently dispose any of the foregoing Equity and Interest he holds, and that I will not take any action that may affect or prevent the performance by My Spouse of the obligations under any transaction or transaction documents in connection with the foregoing Equity and Interest (including but not limited to, the series of controlling agreements signed by Wuhan Hadeliang and its shareholders and Wuhan Studyvip Online Education Co. Limited.).

 

The conclusion, validity, interpretation, performance, modification, termination and dispute settlement shall be governed by the laws of China. All parties to this Letter agree that any dispute arising out of the interpretation and performance of this Spousal Consents shall be firstly settled through amicable negotiations, or in case it cannot be settled within Thirty (30) days after one party issues a written notice to the other parties to the effect of requesting settlement through negotiations, either party may submit the dispute to China International Economic and Trade Arbitration Commission for arbitration subject to its then-currently effective arbitration rules. The arbitration shall be conducted at Beijing. The language of the arbitration shall be in English. The arbitration award shall be final and binding upon the parties.

 

 

This Spousal Consents is signed on the 22nd day of September, 2020.

 

 

[The remainder of this page is intentionally left blank]

 

[This page is the signature page to the Spousal Consents]

 

Signature: /s/ YAO Guang

Name: YAO Guang

 

 

 

XIAO Bowen hereby agrees and accepts this Spousal Consents:

Signature: /s/ XIAO Bowen

Name: XIAO Bowen

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