Document:

EX-10.6

 Exhibit 10.6 

Intellectual Property License Agreement 

between 
 Xincheng
(Shanghai) Information Technology Co., Ltd. 
 and 

Guangcheng (Shanghai) Information Technology Co., Ltd. 

4 August 2020 

 Intellectual Property License Agreement 

This Intellectual Property License Agreement (hereinafter referred to as the “Agreement”) was entered into by and between the following two
parties on 4 August 2020 in Shanghai, the PRC. 
 Licenser: Xincheng (Shanghai) Information Technology Co., Ltd. 

Registered address: 1F, Building 1, No. 977 Shangfeng Road, Pudong New District, Shanghai 

Licensee: Guangcheng (Shanghai) Information Technology Co., Ltd. 

Registered address: Room 722, 7/F, Building A, No. 977 Shangfeng Road, Tang Town, Pudong New District, Shanghai 

Whereas: 
  

	1.	 The Licenser is a wholly foreign-owned enterprise incorporated in Shanghai, the PRC under the laws of the
People’s Republic of China, and owns the intellectual property rights as set out in Annex 1 of the Agreement; 

  

	2.	 The Licensee is a limited liability company incorporated in Shanghai, the PRC under the laws of the
People’s Republic of China; 

  

	3.	 The Licenser agrees to grant the Licensee the right to use the above intellectual property rights under the
terms and conditions of the Agreement, and the Licensee agrees to accept the above license under the terms and conditions of the Agreement. 

Therefore, upon friendly negotiation, the two parties arrive at the following agreement for compliance in the spirit of equality and mutual benefit:

 Article 1 License 
  

	1.1.	 Intellectual property licensing 

In accordance with the terms of the Agreement, the Licenser agrees to grant the Licensee, and Licensee agrees to accept such grant of the right
to use all or any part of the intellectual property rights set out in Annex 1 (hereinafter collectively referred to as “Intellectual Property Rights”) or to carry out business activities with these Intellectual Property
Rights. The intellectual property license under the Agreement is non-exclusive, non-transferable and
non-sub-licensable. 
  

	1.2.	 Scope 

  

	1.2.1.	 The Licensee may only use the right to use the Intellectual Property Rights granted to it under the Agreement
for its own business operations. Without the prior express written consent of the Licenser, the Licensee agrees not to directly or indirectly use in any other way or authorize others in any way to use all or part of the Intellectual Property Rights.

	1.2.2.	 The license granted to the Licensee under the Agreement is only valid in the PRC and other regions permitted by
the Licenser in writing from time to time. The Licensee agrees not to directly or indirectly use or authorize others in any way to use all or part of the Intellectual Property Rights in any other regions. 

 

	1.3.	 Standards for use of the Intellectual Property Rights 

When the Licensee uses the Intellectual Property Rights in accordance with the Agreement, it shall strictly abide by any standards or norms as
required by the Licenser from time to time. 
  

	1.4.	 Confirmation by the Licensee 

The Licensee confirms that, except for the rights or benefits granted to it under or according to the Agreement, it does not enjoy any right,
ownership or interests of the Intellectual Property Rights. 
 Article 2 Payment Method and Audit 

 

	2.1.	 The Licensee agrees to pay the Licenser a licensing fee, and the calculation method and payment method of such
fee are specified in Annex 2 of the Agreement. 

  

	2.2.	 The Licenser shall be entitled to appoint its employees or CPAs from the PRC or any other country (hereinafter
referred to as “Licenser’s Authorized Representatives”) to audit the Licensee’s accounts for the purpose of determining the calculation method and amount of the licensing fees at its own cost. Accordingly, the Licensee
shall provide the Licenser’s Authorized Representatives with the documents, accounts, records and data, etc. required by the Licenser’s Authorized Representatives to facilitate the audit of the Licensee’s accounts and the
determination of the amount of services fees by the Licenser’s Authorized Representatives. Save with any significant error, the amount of service fees shall be subject to the amount determined by the Licenser’s Authorized Representatives.

 Article 3 Goodwill 
  

	3.1.	 The Licensee acknowledges the value of goodwill associated with the aforesaid Intellectual Property Rights, and
confirms that the aforesaid Intellectual Property Rights as well as the rights and the goodwill (including but not limited to the goodwill arising from the use by the Licensee) associated with the aforesaid Intellectual Property Rights shall belong
only to the Licenser. 

 Article 4 Confidentiality 

 

	4.1.	 The Licensee shall keep confidential any secret data and information (hereinafter referred to as
“Confidential Information”) of the Licenser coming to knowledge of or accessible to the Licensee due to its acceptance of licensing of the aforesaid Intellectual Property Rights; and upon termination of the Agreement, the Licensee
shall, at the request of the Licenser, return to the Licenser any documents, data or software containing the Confidential Information, or destroy the same, delete any Confidential Information from any relevant memory devices, and stop using such
Confidential Information. Without the written consent of the Licenser, the Licensee shall not disclose, give or transfer such Confidential Information to any third party. 

 The Licensee shall take necessary measures to disclose the Confidential Information only to
the Licensee’s employees, agents or professional advisors needing to know the confidential information, and procure the Licensee’s employees, agents or professional advisors to observe the confidentiality obligations hereunder. 

 

	4.2.	 The above restrictions do not apply to: 

 

	 	(1)	 the data which have become generally accessible to the public at the time of disclosure; 

 

	 	(2)	 the data which have become generally accessible to the public after disclosure for any reason not ascribable to
fault of the Licensee; 

  

	 	(3)	 the data which can be proven by the Licensee to have been obtained by it not directly or indirectly from other
party before disclosure; 

  

	 	(4)	 the aforesaid Confidential Information which either party is obligated to disclose to relevant government
agencies, stock exchanges and other institutions according to laws, or which either party discloses to its direct legal advisors and financial advisors due to its normal business needs. 

 

	4.3.	 The two parties agree that the terms shall survive any change to, and rescission or termination of the
Agreement. 

 Article 5 Warranty 
  

	5.1.	 The Licenser represents and warrants as follows: 

 

	 	(1)	 The Licenser is a limited liability company duly incorporated and subsisting under the PRC laws;

  

	 	(2)	 The Licenser’s execution and performance of the Agreement is within its corporate capacity and the scope
of its business operations. The Licenser has taken necessary corporate actions to be given due powers and has obtained the consents and approvals from the third parties or government agencies, and will not violate any restrictions in the laws and
contracts that are binding or have influence on it; 

  

	 	(3)	 The Agreement shall upon execution constitute the Licenser’s legal, valid and binding obligations and
shall be enforceable against the Licenser accordingly ; 

  

	 	(4)	 The Licenser legally holds the Intellectual Property Rights hereunder. 

 

	5.2.	 The Licensee represents and warrants as follows: 

 

	 	(1)	 The Licensee is a limited liability company duly incorporated and validly subsisting under the PRC Laws;

  

	 	(2)	 The Licensee’s execution and performance of the Agreement is within its corporate capacity and the scope
of its business operations. The Licensee has taken necessary corporate actions to be given due powers and has obtained the consents and approvals from the third parties and government agencies, and will not violate any restrictions in the laws and
contracts that are binding or have influence on it; 

  

	 	(3)	 It will promptly sign all the documents concerning the use of the Intellectual Property Rights that the
Licenser deems it necessary or hopes to sign and handle all the matters concerning the use of the Intellectual Property Rights that the Licenser deems it necessary or hopes to handle; 

	 	(4)	 The Agreement shall upon execution constitute the Licensee’s legal, valid and binding obligations and
shall be enforceable against the Licensee accordingly; 

  

	 	(5)	 Its execution and performance of the Agreement do not violate or conflict with all applicable laws in force,
any agreement to which it is a party or which is binding on its assets, any court judgement, any award of arbitration authorities or any decision of administrative authorities. 

 

	5.3.	 The Licensee further warrants: 

 

	 	(1)	 The Licensee agrees not to doubt the Licenser’s licensing right and other rights over the aforesaid
Intellectual Property Rights, not to doubt the validity of the Agreement and not to take any action or inaction that the Licenser deems may damage these rights and permissions within and after the validity period of the Agreement;

  

	 	(2)	 The Licensee agrees to provide necessary assistance for the Licenser to protect the Licenser’s rights over
the aforesaid Intellectual Property Rights. In case of any claim for compensation lodged by any third party regarding the Intellectual Property Rights, the Licenser may, at its own will, respond to the litigation concerning claim for compensation in
its own name or in the name of the Licensee or both parties. In case of any third party’s infringement upon the aforesaid Intellectual Property Rights, the Licensee shall, within the knowable range, immediately notify the Licenser of the
infringement upon the aforesaid Intellectual Property Rights in writing; and only the Licenser has the right to decide whether or not to take actions against such an infringement; 

 

	 	(3)	 The Licensee agrees to use the aforesaid Intellectual Property Rights only according to the Agreement and not
to use the said Intellectual Property Rights in any way deemed as deceitful or misleading by the Licenser or in other ways that may damage the aforesaid Intellectual Property Rights or the Licenser’s reputation. 

Article 6 Quality Terms 
  

	6.1.	 The Licensee shall try its best to improve its business quality to protect and enhance the reputation
represented by the aforesaid Intellectual Property Rights. 

 Article 7 Publicity 

 

	7.1.	 If, in any case, the Licensee needs to use any publicity materials involving the Intellectual Property Rights,
the cost for producing the publicity materials shall be borne by the Licensee. The Licenser shall have the exclusive right over the copyright and other intellectual property rights of the publicity materials involving the Intellectual Property
Rights under the Agreement, regardless whether the publicity materials are invented or used by the Licenser or the Licensee. The Licensee agrees not to make any publicity or advertisement involving the Intellectual Property Rights under the
Agreement via any radio, TV, newspaper, magazine, Internet or other media without the Licenser’s prior written approval. 

 Article 8 Entry into Force and Validity Period 

 

	8.1.	 The Agreement shall enter into force on the first above written date hereof, and shall be valid for 10 years
unless early terminated in accordance with relevant provisions under the Agreement. 

  

	8.2.	 Save as otherwise specified by the two parties in writing, the Agreement shall apply to other Intellectual
Property Rights licensed to the Licensee by the Licenser at any time during the term of the Agreement. The Licenser and Licensee shall examine the contents of the Agreement once every three months after signing the Agreement to decide whether to
make corresponding amendments or supplements to the Agreement according to the situation at the material time. 

  

	8.3.	 The Agreement shall be automatically extended for 10 years every time when the validity period of the Agreement
expires, unless the Licenser sends a written notice of non-renewal three months in advance. However, the Licensee shall have no right to decide whether to renew the Agreement. 

Article 9 Filing 
  

	9.1.	 Both parties shall go through record-filing formalities (if any) for the licensing of Intellectual Property
Rights with relevant intellectual property right management departments under PRC laws within three months after they sign the Agreement and the Licenser obtains all the corresponding certificates of the Intellectual Property Rights. Both parties
agree to sign or provide relevant documents required for such record-filing formalities according to the principles specified in the Agreement and the relevant laws. If the two parties make any amendments or supplements according to Article 8.2
above, they shall go through the record-filing formalities (if any) required for such amendments or supplements with relevant intellectual property right management departments under PRC laws. Both parties agree to sign or provide relevant documents
required for such record-filing formalities according to the principles specified in the Agreement and the relevant laws. 

Article 10 Termination 
  

	10.1.	 Unless extended according to relevant provisions herein, the Agreement shall terminate upon expiration of the
Agreement or termination of the licensing right of the Intellectual Property Rights owned by the Licenser (whichever is the earlier). 

  

	10.2.	 Either party may issue a written notice to the other party who has seriously breached the Agreement, including
but not limited to the obligations under Article 5.3 of the Agreement, but fails to make any rectification within 30 days after receiving the notice on the occurrence and existence of the said breach from the
non-defaulting party, to terminate the Agreement immediately, but the termination of the Agreement shall not impair the rights or remedies enjoyed by the party proposing the termination under laws or for other
reasons. 

  

	10.3.	 During the validity period of the Agreement, the Licenser may issue a written notice to the Licensee at any
time to terminate the Agreement, which notice shall take effect after 30 days upon delivery. The Licensee shall not early terminate the Agreement, save under the circumstances specified in Article 11.2. 

 

	10.4.	 Article 3, Article 4, Article 5.3, Article 14 and Article 15 shall survive the termination or cancellation of
the Agreement. 

 Article 11 Force Majeure 

 

	11.1.	 “Force majeure events” refer to any events which are beyond the reasonable control of either
party and are still inevitable with the reasonable attention of the affected party, including but not limited to government action, natural disaster, fire, explosion, storm, flood, earthquake, tide, lightning or war. However, inadequate credit,
funds or financing shall not be deemed as events beyond the reasonable control of either party. Either party seeking exemption from performing the responsibilities under the Agreement or any term of the Agreement due to the impact of “force
majeure events” shall notify the other party of such exemption from responsibilities. 

  

	11.2.	 When the performance of the Agreement is delayed or hindered by the “force majeure events” as
defined above, the party affected by the force majeure shall not bear any responsibilities arising therefrom under the Agreement within the scope of being delayed or hindered. The affected party shall take appropriate measures to reduce or eliminate
the impact of “force majeure” and make reasonable and feasible efforts to restore the performance of the obligations delayed or hindered by the “force majeure” so as to be exempt from performing the responsibilities
within the scope of being delayed or hindered only. Once the force majeure events are eliminated, both parties shall agree to do their utmost to restore the performance of provisions under the Agreement. 

Article 12 Notices 
  

	12.1.	 Any notice or other correspondence sent by either party according to the Agreement shall be made in writing in
Chinese, and shall be deemed as served if it is sent to the following addresses of the relevant party or the two parties by personal delivery, registered mail, prepaid mail, recognized courier service or fax. 

Licenser: Xincheng (Shanghai) Information Technology Co., Ltd. 

Address: 6F, Building 1, Yaxin Technology Park, No. 399 Shengxia Road, Pudong New District, Shanghai 

Tel.: *********** 
 Email:
*********** 
 Recipient: Lisa 

Licensee: Guangcheng (Shanghai) Information Technology Co., Ltd. 

Address: 6F, Building 1, Yaxin Technology Park, No. 399 Shengxia Road, Pudong New District, Shanghai 

Tel.: *********** 
 Email:
*********** 
 Recipient: Lisa 

Article 13 Retransferring and Sublicensing 
  

	13.1.	 Without the prior written consent of the Licenser, the Licensee shall not transfer or transfer in disguised
form any of its rights or obligations under the Agreement, and shall not sublicense in any form any license under the Agreement to any third party for use or utilization, nor shall it perform any other acts that may affect the Licenser’s rights
under the Agreement. The Licenser may transfer its rights and obligations under the Agreement to any third party without the consent of the Licensee, but it shall inform the Licensee of the aforesaid transfer. 

 Article 14 Settlement of Disputes 

 

	14.1.	 Any dispute between the two parties arising from the interpretation and performance of terms hereunder shall be
settled through good faith negotiation between the two parties. 

 If both parties are still unable to reach an agreement
on the settlement of such dispute within 30 days after either party requires resolving the dispute through negotiation, either party may submit the dispute to Shanghai Arbitration Commission for arbitration in accordance with its arbitration rules
in effect at the time. The arbitration place is Shanghai and the language used in the arbitration is Chinese. The arbitration award shall be final and equally binding on both parties. 

	14.2.	 Except for the matters under dispute, the two parties shall in good faith continue to perform their respective
obligations under the Agreement. 

 Article 15 Governing Laws 

 

	15.1.	 The execution, validity, performance and interpretation of the Agreement as well as the settlement of disputes
shall be governed and interpreted in accordance with the PRC laws. 

 Article 16 Miscellaneous 

 

	16.1.	 Amendments and supplements 

The parties shall amend and supplement the agreement in writing. Amendments and supplements to the Agreement duly signed by both parties shall
constitute an integral part of the Agreement and shall have the same legal effect as the Agreement. 
  

	16.2.	 Severability 

The parties hereby confirm that the Agreement is a fair and reasonable agreement between the parties on the basis of equality and mutual
benefit. If any provision of the Agreement is invalid or unenforceable due to inconsistency with the relevant laws, such provision shall be invalid or unenforceable only within the jurisdiction of the relevant laws and shall not affect the legal
effect of other provisions of the Agreement. 
  

	16.3.	 Abstention 

The failure of either party to exercise any right, power or privilege under the Agreement shall not be treated as a waiver of the same. The
single or partial exercise of any right, power or privilege shall not exclude the exercise of any other right, power or privilege. 
  

	16.4.	 Annexes 

Annexes to the Agreement shall be an integral part of the Agreement and shall have the same legal effect as the Agreement. 

 

	16.5.	 Previous agreement 

Both parties confirm that the Agreement, upon execution, shall immediately supersede the Intellectual Property License Agreement (the
”Original Agreement”) signed by the Licenser and Licensee on 16 October 2019. 
 [The remainder of this page is
intentionally left blank] 

 Accordingly, in witness whereof, both parties have caused their authorized representatives to sign the
Agreement on the first above written date hereof. 
 Licenser: 

Xincheng (Shanghai) Information Technology Co., Ltd. 

(seal) 
 /s/ Seal of Xincheng (Shanghai) Information Technology
Co., Ltd. 
 Authorized representative (signature): /s/ Lijun
ZHOU                         

Licensee: 
 Guangcheng (Shanghai) Information
Technology Co., Ltd. 
 (seal) 
 /s/ Seal of Guangcheng
(Shanghai) Information Technology Co., Ltd. 
 Authorized representative (signature): /s/ Di
CHEN                             

 Annex 1: 

Intellectual property rights 

 Annex 2: 

Methods for calculation and payment of licensing fees 

The licensing fees under the Agreement shall be a certain proportion of the total business income of the Licensee in the current year (the
specific proportion shall be adjusted once a year, which shall be determined by both parties through negotiation according to the relevant resolutions of their respective board of directors). Such licensing fees shall be calculated quarterly and
paid by the Licensee to the Licenser within 15 days after the end of each quarter. If the Licenser deems it necessary for the development of the Licensee’s business, the Licenser shall have the right to waive all or any portion of the
Licensee’s licensing fees payable to the Licenser. 
 If the Licenser considers that the licensing fees agreed in this article are
unreasonable for some reason and need to be adjusted, the Licensee shall actively and honestly consult with the Licenser within ten working days after the date of the Licenser’s written request for adjusting the fees, to determine the new
charging standard or mechanism. If the Licensee fails to reply within ten working days upon receipt of the above adjustment notice, it shall be deemed to have acquiesced to the adjustment of such fees. If requested by the Licensee, the Licenser
shall negotiate with the Licensee on the adjustment of licensing fees.EX-10.7

 Exhibit 10.7 

Shareholders’ Voting Rights Proxy Agreement 

of 
 Guangcheng
(Shanghai) Information Technology Co., Ltd. 
 between 

Shareholders Listed in Annex I 

and 
 Xincheng
(Shanghai) Information Technology Co., Ltd. 
 4 August 2020 

 Shareholders’ Voting Rights Proxy Agreement 

The Shareholders’ Voting Rights Proxy Agreement (hereinafter referred to as the “Agreement”) is entered into by the following parties on
4 August 2020: 
 1.    Shareholders listed in Annex I (hereinafter referred to as the “Shareholders”) 

2.    Xincheng (Shanghai) Information Technology Co., Ltd. (hereinafter referred to as “WFOE”) 

Registered address: 1F, Building 1, No. 977 Shangfeng Road, Pudong New Area, Shanghai 

3.    Guangcheng (Shanghai) Information Technology Co., Ltd. (hereinafter referred to as the “Company”) 

Registered address: Room 722, 7F, Building A, No. 977 Shangfeng Road, Tang Town, Pudong New District, Shanghai 

(the above parties are hereinafter individually referred to as a “party” and collectively as the “parties.”) 

Whereas: 
  

	1.	 The Shareholders are the current registered shareholders of the Company and collectively hold 100% of the
Company’s equity; their contributions to the Company’s Registered Capital and shareholding percentage as at the date of execution of the Agreement are set out in Annex I. 

 

	2.	 Shareholders signed the Equity Pledge Agreement on the above equity with the WFOE; 

 

	3.	 Shareholders intend to entrust individuals designated by the WFOE to exercise all the shareholders’ voting
rights they enjoy in the Company (including shareholders’ voting rights formed by any form of capital increase during the validity period of the Agreement). WFOE intends to designate individuals to accept such entrustment.

 The parties hereby agree as follows through friendly negotiation: 

Article 1 Entrustment of Voting Rights 
  

	1.1	 The Shareholders hereby irrevocably undertake that they shall execute a power of attorney with the same content
and format as set forth in Annex II upon signing the Agreement and authorize the designee of the WFOE (hereinafter referred to as the “Trustee”) to exercise, on their behalf, all their rights entitled as the Shareholders of
the Company based on the trustee’s own will and discretion under the then-effective articles of association of the Company as follows (hereinafter referred to as the “Entrusted Rights”): 

 

	 	(1)	 to act as the proxy of the Shareholders to propose to convene and attend the shareholders’ meeting
according to the articles of association of the Company; 

  

	 	(2)	 to act as the proxy of the Shareholders to exercise voting rights on all matters requiring discussion and
resolution at the shareholders’ meeting, including but not limited to the appointment and election of directors of the Company and other senior management to be appointed or removed by the Shareholders; 

  
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	 	(3)	 other shareholders’ voting rights under the articles of association of the Company (including any other
shareholders’ voting rights stipulated in the articles of association as amended); 

  

	 	(4)	 Other voting rights entitled to Shareholders stipulated by the PRC laws and regulations (including amendments,
changes, additions and re-enactment, regardless of their effective date before or after the conclusion of the Agreement). 

The above authorization and entrustment are based on the premise that the Trustee is a Chinese citizen and the WFOE agrees to the above
authorization and entrustment. If and only if the WFOE informs the Shareholders in writing of the replacement of the Trustee, the Shareholders shall immediately designate the other Chinese citizen designated by the WFOE at the time to exercise the
above Entrusted Rights; the new authorization and entrustment replacing the original one once made, each shareholder shall separately sign a power of attorney with the newly designated personnel of the WFOE with the same content and format as set
forth in Annex II of the Agreement; and the Shareholders may not revoke their entrustment and authorization to the Trustee. 
  

	1.2	 WFOE shall procure the Trustee to perform the fiduciary obligations legally and diligently within the
authorized scope specified in the Agreement; the Shareholders shall acknowledge and assume responsibilities for any legal consequences arising from the Trustee’s exercise of the Entrusted Rights. 

 

	1.3	 The Shareholders hereby agree that the Trustee is not required to seek opinion from the Shareholders prior to
the exercise of the Entrusted Rights. However, the Trustee shall notify the Shareholders immediately of any resolution or proposal on convening an extraordinary shareholders’ meeting after such resolution or proposal is made. The Trustee shall
provide the relevant minutes of the meeting and the text of the resolution to the Shareholders after the relevant shareholders’ meeting is held or the relevant shareholders’ resolution is made. 

Article 2 Right to Information 
  

	2.1	 For the purpose of exercising the Entrusted Rights in the Agreement, the Trustee is entitled to learn about any
information in relation to the Company’s operation, business, customers, finance, and employees, and inspect related materials. The Company shall, and the Shareholder shall procure the Company to, use all its best endeavors to cooperate.

 Article 3 Exercise of Entrusted Rights 
  

	3.1	 The Shareholders shall offer full assistances to the Trustee with regard to the exercise of the Entrusted
Rights, including, as necessary, timely execution of shareholders’ resolution and other related legal documents adopted by the Trustee, such as documents to meet the requirement of governmental approvals, registration or filings.

  

	3.2	 If at any time within the term of the Agreement, the grant or exercise of Entrusted Rights is impossible for
whatever cause (excluding the breach of Agreement by the Shareholders or the Company), the parties shall seek a similar alternative solution, and if necessary, enter into supplementary agreement to amend or adjust the terms and conditions of the
Agreement to assure the realization of the purpose of the Agreement. 

  
 -3- 

 Article 4 Liability Exemption and Indemnity 

 

	4.1	 The parties hereby acknowledge that the WFOE shall not be required to be liable to or compensate any other
party or any third party financially or otherwise for the exercise of the Entrusted Rights under the Agreement by its designated individuals. 

  

	4.2	 The Shareholders and the Company agree to indemnify and hold the WFOE harmless against all losses incurred or
possibly incurred as a result of the exercise of the Entrust Rights by the designated Trustee, including but not limited to losses resulted from litigations, demands, arbitrations, claims against WFOE by any third party or from administrative
investigation, penalties, provided that such losses are not caused by the Trustee’s willful default or gross negligence. 

Article 5 Representations and Warranties 
  

	5.1	 The Shareholders hereby represent and warrant as follows: 

 

	 	(1)	 If it is a limited liability company, it shall have the independent legal status and have obtained appropriate
authorization to execute, deliver and perform the Agreement, and may act as the subject of litigation independently. If it is another organization, it shall have obtained appropriate authorization to execute, deliver and perform the Agreement, and
may act as the subject of litigation independently; 

  

	 	(2)	 It has full internal powers and authorizations for the signing and delivery of the Agreement and all other
documents relating to the transactions referred to in the Agreement that it will sign, and it has full power and authority to complete the transactions described in the Agreement. The Agreement is legally and properly signed and delivered. The
Agreement constitutes a legal and binding obligation on it and may be enforceable against it under the terms of the Agreement; 

  

	 	(3)	 It is the registered legal shareholder of the Company at the time of entry into force of the Agreement. Except
for the rights set out in the Agreement and the “Equity Pledge Agreement” (including revisions, additions or restatements from time to time) and “Exclusive Call Option Agreement” (including revisions, additions or restatements
from time to time) signed by the Shareholders, the Company and the WFOE, the Entrusted rights are free of any third party right. According to the Agreement, the Trustee may completely and fully exercise the Entrusted Rights in accordance with the
then-effective articles of associations of the Company; 

  

	 	(4)	 The execution and performance of the Agreement do not violate or conflict with all applicable laws in force,
any agreement to which they are parties or which binds on their assets, any court judgement, any arbitration award, or any decision of administrative authorities; 

 

	5.2	 The WFOE and the Company hereby separately represent and warrant as follows: 

 

	 	(1)	 It is a limited liability company duly incorporated and legally existing under the law of the place of
registration. It has an independent legal personality and has the complete and independent legal status and legal capacity to execute, deliver and perform the Agreement, and may act as the subject of litigation independently. 

  
 -4- 

	 	(2)	 It has full internal corporate powers and authorization for the signing and delivery of the Agreement and all
other documents relating to the transactions referred to in the Agreement that it will sign, and it has full power and authority to complete the transactions described in the Agreement. 

 

	 	(3)	 It guarantees that the Trustee will fully and timely comply with and perform the provisions made to the Trustee
under the Agreement as if the Trustee was a party to the Agreement. 

  

	5.3	 The Company further represents and warrants that the Shareholders are the registered legal shareholders of the
Company at the time of entry into force of the Agreement. Except for the rights set out in the Agreement and the “Equity Pledge Agreement” (including revisions, additions or restatements from time to time) and “Exclusive Call Option
Agreement” (including revisions, additions or restatements from time to time) signed by the Shareholders, the Company and the WFOE, the Entrusted rights are free of any third party right. According to the Agreement, the Trustee may completely
and fully exercise the Entrusted Rights in accordance with the then-effective articles of associations of the Company. 

Article 6 Duration of the Agreement 
  

	6.1	 The Agreement shall become effective on the date of formal signing by all parties; unless the parties agree in
writing to terminate in advance or the Agreement is terminated in advance according to the provisions of Article 9.1 herein, the Agreement shall continue to be valid. 

 

	6.2	 If any of the Shareholders transfer all its equity interest in the Company with the prior consent of the WFOE,
it shall cease to be a party of the Agreement, while the obligations and undertakings of the other shareholders under the Agreement shall not be adversely affected. Each Shareholder who is permitted to transfer its equity shall procure and ensure
that its assignee continues to perform the obligations of such Shareholder under the Agreement. 

 Article 7 Notice

  

	7.1	 Any notice, request, claim and other correspondence required by the Agreement or made under the Agreement shall
be delivered to the parties in writing. 

  

	7.2	 Any notice hereunder shall be sent to the following addresses (unless changes of address are notified in
writing) by personal delivery, facsimile or registered mail. It shall be deemed as served on the date of receipt recorded on the receipt of the registered mail if posted by registered mail; it shall be deemed as served on the date of transmission if
delivered in person or transmitted by facsimile. If it is transmitted by facsimile, the original shall be sent to the following addresses by registered mail or personal delivery. 

WFOE: Xincheng (Shanghai) Information Technology Co., Ltd. 

Address:     6F, Building 1, Yaxin Technology Park, No. 399 Shengxia Road, Pudong New District, Shanghai 

Tel.:             *********** 

E-mail:         *********** 

Recipient:     Lisa 

  
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 Shareholder: Shanghai Chelin Information Technology Center (Limited Partnership) 

Address: 
 Fax: 

Tel.: 
 Recipient: 

Shareholder: Shanghai Yuji Information Technology Center 
  

	 	Address:	 

Fax: 
 Tel.: 

Recipient: 
 Shareholder:
Shanghai Yuqiang Information Technology Center 
  

	 	Address:	 

Fax: 
 Tel.: 

Recipient: 
 Shareholder:
Xinjiang Xinrong Zhihui Equity Investment Co., Ltd. 
 Address: 2015-633, Cyberport Building,
No. 258 Gaoxin Street, High-tech Industrial Development Zone (Xinshi District), Urumqi, Xinjiang 
 Fax: 

Tel.: 
 Recipient: 

Shareholders: Two shareholders, namely Ningbo Dingfeng Mingde Chengyi Equity Investment Partnership (Limited Partnership) and Ningbo Dingfeng
Mingde Gewu Equity Investment Partnership (Limited Partnership) 
 Address: Room 124, No. 7 Office Building, Business Center, Meishan
Avenue, Beilun District, Ningbo 
 Fax: 

Tel.: 
 Recipient: 

  
 -6- 

 The Company: Guangcheng (Shanghai) Information Technology Co., Ltd. 

Address: 6F, Building 1, Yaxin Technology Park, No. 399 Shengxia Road, Pudong New District, Shanghai 

Tel.: *********** 
 E-mail: *********** 
 Recipient: Lisa 

Article 8 Confidentiality Obligations 
  

	8.1	 During the validity of the Agreement and after termination of the Agreement, the parties shall keep the other
parties’ trade secrets, proprietary information, customer information and all other information of a confidential nature of any other party (hereinafter referred to as “Confidential Information”) obtained during the entering
into and performance of the Agreement strictly confidential. The party receiving the Confidential Information shall not disclose the Confidential Information to any other third party except for the prior written consent of the party disclosing the
Confidential Information or disclosure as required by the relevant laws and regulations as well as the rules of the listing exchange where the affiliate of a party is listed. The party receiving the Confidential Information shall not use or
indirectly use the Confidential Information, except for the purpose of performing the Agreement. 

  

	8.2	 The following information is not confidential: 

 

	 	(1)	 any information previously known by the party receiving the information through legal means as proved by
documentary evidence; 

  

	 	(2)	 information that enters the public domain not due to the fault of the party receiving the information; or

  

	 	(3)	 any information lawfully acquired by the party receiving the information through other sources after its
receipt of such information. 

  

	8.3	 The party receiving the information may disclose Confidential Information to its employees and agents concerned
or professionals it hired; nevertheless, the party receiving the information shall ensure that the above persons comply with the terms and conditions of the Agreement, and shall assume any liability arising from the violation of the relevant terms
and conditions of the Agreement by the above persons. 

  

	8.4	 Notwithstanding any other provisions of the Agreement, the validity of the provisions of this Article shall not
be affected by the termination of the Agreement. 

 Article 9 Default Liability 

 

	9.1	 The parties agree and confirm that if any party (hereinafter referred to as “the Defaulting
Party”) materially violates any of the provisions of the Agreement or substantially fails or delays to perform any of the obligations under the Agreement, it shall constitute the breach of contract under the Agreement
(“Default”) and other non-defaulting parties (hereinafter referred to as “the Non-defaulting Parties”) shall have the right to require
the Defaulting Party to correct or take remedial measures within a reasonable period of time. If the Defaulting Party fails to correct or take remedial measures within a reasonable period of time or within ten (10) days after the other party
has notified the Defaulting Party in writing of correction request: 

  

	 	(1)	 If any shareholder or company is the Defaulting Party, the WFOE shall have the right to terminate the Agreement
and request the Defaulting Party to pay for damages; 

  
 -7- 

	 	(2)	 If the WFOE is the Defaulting Party, the Non-defaulting Parties shall
have the right to request the WFOE to pay for damages; unless otherwise stipulated by law or agreed by the parties, it shall have no right to terminate or cancel the Agreement in any circumstances. 

 

	9.2	 Notwithstanding any other provisions of the Agreement, the validity of this Article shall not be affected by
the suspension or termination of the Agreement. 

 Article 10 Miscellaneous 

 

	10.1	 The parties acknowledge that the Agreement, upon execution, shall supersede the Shareholders’ Voting
Rights Proxy Agreement (hereinafter collectively referred to as the “Original Agreements” entered into among the Company, the WFOE and Shanghai Guangcheng Information Technology Center (Limited Partnership), Shanghai Yuji Information
Technology Center, Shanghai Yuqiang Information Technology Center, Xinjiang Xinrong Zhihui Equity Investment Co., Ltd., Ningbo Dingfeng Mingde Chengyi Equity Investment Partnership (Limited Partnership) and Ningbo Dingfeng Mingde Gewu Equity
Investment Partnership (Limited Partnership) on 16 October 2019 immediately. The Trustee further agrees that it will not require continued performance of the Original Agreements or claim any rights under the Original Agreements.

  

	10.2	 The Agreement is written in Chinese and executed in multiple counterparts, with one (1) to be retained by
each party hereto. The rest is used to go through relevant procedures, and each original contract has the same legal effect. 

  

	10.3	 The conclusion, effectiveness, performance, modification, interpretation and termination of the Agreement shall
be governed by the PRC law. 

  

	10.4	 Any disputes arising under the Agreement and relating to the Agreement shall be settled through negotiation
between the parties. If the parties cannot reach a consensus within thirty (30) days after the dispute arises, the dispute may be submitted by any party to the Shanghai Arbitration Commission for arbitration according to the effective
arbitration rules for the time being. The arbitration place is Shanghai and the language used in the arbitration is Chinese. The arbitral award is the final decision and equally binding on the parties to the Agreement. 

 

	10.5	 Any rights, powers, and remedies entitled to the parties by the terms of the Agreement shall not exclude any
other rights, powers, and remedies entitled to the parties by the law and other terms of the Agreement and any party’s execution of rights, powers and remedies shall not exclude the execution of other rights, powers and remedies entitled to
such party. 

  

	10.6	 The failure or delay to exercise any rights, powers and remedies (hereinafter referred to as “Such
Rights”) under the Agreement or entitled by the law shall not result in the waiver of Such Rights. The waiver of any and part of Such Rights shall not preclude such party from exercising Such Rights in other ways and exercising other Such
Rights. 

  
 -8- 

	10.7	 The Annexes set forth in the Agreement are an integral part of the Agreement and shall have the same legal
effect as the provisions of the main body of the Agreement. 

  

	10.8	 The headings of each section in the Agreement are for reference only. Such headings shall not be used for or
affect the interpretation of the provisions of the Agreement under any circumstances. 

  

	10.9	 Each term of the Agreement may be severable and independent of each other term. If any one or more of the terms
of the Agreement becomes invalid, illegal or unenforceable at any time, the validity, legality and enforceability of the other terms of the Agreement shall not be affected thereby. 

 

	10.10	 Any amendments or additions to the Agreement must be made in writing and shall be effective only after duly
signed by all the parties. 

  

	10.11	 Without the prior written consent of WFOE, other parties shall not transfer any of its rights and/or
obligations under the Agreement to any third party. The Shareholders and the Company hereby agree that the WFOE shall have the right to transfer any of its rights and/or obligations hereunder to any third party after notifying the Shareholders and
the Company in writing. 

  

	10.12	 The Agreement shall be binding on the legal successors of the parties. 

[The remainder of this page is intentionally left blank] 

  
 -9- 

 [Signature Page of Shareholders’ Voting Rights Proxy Agreement] 

IN WITNESS WHEREOF, the Agreement is signed by the parties hereunder on the first above written date hereof. 

Xincheng (Shanghai) Information Technology Co., Ltd. 

(Seal) 
 /s/ Seal of Xincheng (Shanghai) Information Technology
Co., Ltd. 
  

			
	Signature:	 	 /s/ Lijun ZHOU

	Name:	 	Lijun ZHOU
	Title:	 	General Manager

 Guangcheng (Shanghai) Information Technology Co., Ltd. 

(Seal) 
 /s/ Seal of Guangcheng (Shanghai) Information Technology
Co., Ltd. 
  

			
	Signature:	 	 /s/ Di CHEN

	Name:	 	Di CHEN
	Title:	 	General Manager

 Shanghai Chelin Information Technology Center (Limited Partnership) 

(Seal) 
 /s/ Seal of Shanghai Chelin Information Technology Center
(Limited Partnership) 
  

			
	Signature:	 	 /s/ Yan JIANG

	Name:	 	Yan JIANG
	Title:	 	Authorized Signatory

 [Signature Page of Shareholders’ Voting Rights Proxy Agreement] 

IN WITNESS WHEREOF, the Agreement is signed by the parties hereunder on the first above written date hereof. 

Shanghai Yuji Information Technology Center 
 (Seal) 

/s/ Seal of Shanghai Yuji Information Technology Center 
  

			
	Signature:	 	 /s/ Chong LI

	Name:	 	Chong LI
	Title:	 	Authorized Signatory

 [Signature Page of Shareholders’ Voting Rights Proxy Agreement] 

IN WITNESS WHEREOF, the Agreement is signed by the parties hereunder on the first above written date. 

Shanghai Yuqiang Information Technology Center 
 (Seal)

 /s/ Seal of Shanghai Yuqiang Information Technology Center 
  

			
	Signature:	 	 /s/ Su ZHANG

	Name:	 	Su ZHANG
	Title:	 	Authorized Signatory

 [Signature Page of Shareholders’ Voting Rights Proxy Agreement] 

IN WITNESS WHEREOF, the Agreement is signed by the parties hereunder on the first above written date hereof. 

Ningbo Dingfeng Mingde Chengyi Equity Investment Partnership (Limited Partnership) 

(Seal) 
 /s/ Seal of Ningbo Dingfeng Mingde Chengyi Equity
Investment Partnership (Limited Partnership) 
  

			
	Signature:	 	 /s/ Linjun LI

	Name:	 	Linjun LI
	Title:	 	Authorized Signatory

 Ningbo Dingfeng Mingde Gewu Equity Investment Partnership (Limited Partnership) 

(Seal) 
 /s/ Seal of Ningbo Dingfeng Mingde Gewu Equity Investment
Partnership (Limited Partnership) 
  

			
	Signature:	 	 /s/ Linjun LI

	Name:	 	Linjun LI
	Title:	 	Authorized Signatory

 [Signature Page of Shareholders’ Voting Rights Proxy Agreement] 

IN WITNESS WHEREOF, the Agreement is signed by the parties hereunder on the first above written date hereof. 

Xinjiang Xinrong Zhihui Equity Investment Co., Ltd. 

(Seal) 
 /s/ Seal of Xinjiang Xinrong Zhihui Equity Investment
Co., Ltd. 
  

			
	Signature:	 	 /s/ Yanan ZHENG

	Name:	 	Yanan ZHENG
	Title:	 	General Manager

 Annex I: 

General Information of the Company 

Company name: Guangcheng (Shanghai) Information Technology Co., Ltd. 

Ownership structure: 
  

									
	 Names of shareholders
	  	Contribution in the
Company’s
Registered Capital
(RMB)	 	  	Shareholding
percentage	 
	 Shanghai Chelin Information Technology Center (Limited Partnership)
	  	 	37,584,848	 	  	 	81.471	% 
	 Shanghai Yuji Information Technology Center
	  	 	4,588,681	 	  	 	9.947	% 
	 Shanghai Yuqiang Information Technology Center
	  	 	1,843,336	 	  	 	3.996	% 
	 Xinjiang Xinrong Zhihui Equity Investment Co., Ltd.
	  	 	1,654,500	 	  	 	3.586	% 
	 Ningbo Dingfeng Mingde Chengyi Equity Investment Partnership (Limited Partnership)
	  	 	312,514	 	  	 	0.677	% 
	 Ningbo Dingfeng Mingde Gewu Equity Investment Partnership (Limited Partnership)
	  	 	148,816	 	  	 	0.323	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
	  	 	46,132,695	 	  	 	100.000	% 
		  	  
	  
	 	  	  
	  
	 

 Annex II: 

Power of Attorney 
 This
Power of Attorney (hereinafter referred to as the “Power of Attorney”) was signed by [name of shareholder]
(address:                     , ID number:
                    ) on              2020 and issued to
                 (address:                     ,
ID number:                     ) (hereinafter referred to as the “Trustee”). 

I, [                    ], hereby confer a
full power of attorney on the Trustee and authorize the Trustee to exercise my following rights entitled as the shareholder of Guangcheng (Shanghai) Information Technology Co., Ltd. (hereinafter referred to as the “Company”) as my
proxy based on the Trustee’s own will and discretion: 
  

	 	(1)	 to act as my proxy to propose to convene and attend the shareholders’ meeting according to the articles of
association of the Company; 

  

	 	(2)	 to act as my proxy to exercise the voting right on all matters requiring discussion and resolution at the
shareholders’ meeting, including but not limited to the appointment and election of directors of the Company and other senior management to be appointed or removed by the Shareholders; 

 

	 	(3)	 to act as my proxy to exercise other shareholders’ voting rights under the articles of association of the
Company (including any other shareholders’ voting rights stipulated in the articles of association as amended). 

  

	 	(4)	 Other voting rights entitled to Shareholders stipulated by the PRC laws and regulations (including amendments,
changes, additions and re-enactment, regardless of their effective date before or after issuance of this Power of Attorney). 

I hereby irrevocably acknowledge that unless Xincheng (Shanghai) Information Technology Co., Ltd. (the “WFOE”) issues me an
order requesting for the replacement of the Trustee, the validity period of this Power of Attorney shall be extended to the date of expiry or before early termination of the “Shareholders’ Voting Rights Proxy Agreement” (including any
modification or restatement) signed by the WFOE, the Company and the Shareholders on [            ] 2020. 

I hereby make this authorization. 
  

			
	Name: [Name of shareholder]
		
	Signature:	 	  

	
	Date:              2020

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