Document:

EX-10.17

 Exhibit 10.17 

Equity Interest Pledge Agreement 

This Equity Interest Pledge Agreement (this “Agreement”) has been executed by and among the following parties on
July 31, 2019 in Beijing, the People’s Republic of China (“China” or “PRC”). 
  

	Party A:	 Beijing Absolute Health Ltd. (hereinafter the “Pledgee”), a limited
liability company established and existing under the laws of the PRC, with its registered address at Room 4103, 1st Floor, Building 2, No. 208, Lize Middle Park, Chaoyang District, Beijing. 

 

	Party B:	 Party C’s all shareholders as listed in Annex I of this Agreement (Herein- after referred to individually
as “Pledgor”, collectively as “Pledgors”); and 

  

	Party C:	 Beijing Shuidi Hulian Technology Co., Ltd., a limited liability company established and existing under
the laws of the PRC, with its registered address at Room 4306, 3rd Floor, Building 2, No. 208, Lize Middle Park, Chaoyang District, Beijing. 

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

	1.	 The Pledgors are the registered shareholders of Party C and lawfully hold all the equity of Party C. As of the
effective date of this Agreement, Party C’s ownership structure is as shown in Annex I hereto. Party C is a limited liability company registered in Beijing, China. Party C acknowledges the respective rights and obligations of
Pledgors and Pledgee under this Agreement, and intends to provide any necessary assistance in registering the Pledge; 

  

	2.	 The Pledgee is a wholly foreign owned enterprise registered in China. Pledgee and Party C which is wholly owned
by the Pledgors have executed an Exclusive Business Cooperation Agreement (as defined below) in Beijing; Pledgee, Pledgors and Party C have executed an Exclusive Option Agreement (as defined below); each Pledgor has executed a Power
of Attorney (as defined below) in favor of Pledgee 

  

	3.	 To ensure that Party C and Pledgors fully perform their obligations under the Exclusive Business Cooperation
Agreement, the Exclusive Option Agreement and the Power of Attorney, each Pledgor hereby pledges to the Pledgee all of the equity interest that such Pledgor holds in Party C as security for fulfillment by Party C and Pledgors of their
obligations under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and the Power of Attorney. 

 To
perform the provisions of the Transaction Documents (as defined below), the Parties have mutually agreed to execute this Agreement upon the following terms. 

  
 1 

	Section 1	 Definitions 

Unless otherwise provided herein, the terms below shall have the following meanings: 

 

	 	1.1	 Pledge: shall refer to the security interest granted by Pledgors to Pledgee pursuant to Section 2 of this
Agreement, i.e., the right of Pledgee to be compensated on a preferential basis with the conversion, auction or sales price of the Equity Interest. 

  

	 	1.2	 Equity Interest: shall refer to all equity interests in Party C lawfully owned by Pledgors as of the date of
this Agreement, and all of the equity interests hereafter acquired by Pledgors in Party C. 

  

	 	1.3	 Term of Pledge: shall refer to the term set forth in Section 3 of this Agreement. 

 

	 	1.4	 Transaction Documents: the Exclusive Business Cooperation Agreement executed on July 31, 2019
(“Exclusive Business Cooperation Agreement”) by and between Party C and Pledgee;the Exclusive Option Agreement executed on July 31, 2019 (“Exclusive Option
Agreement”) by and among Party C, the Pledgors and Pledgee; and the Power of Attorney executed by the Pledgors on July 31, 2019 (“Power of Attorney”), and any modification, amendment and/or restatement to the
aforementioned documents. 

  

	 	1.5	 Contract Obligations: shall refer to all the obligations of Pledgors under the Exclusive Option Agreement, the
Power of Attorney and this Agreement; all the obligations of Party C under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement. 

 

	 	1.6	 Secured Indebtedness: shall refer to all the direct, indirect and derivative losses and losses of anticipated
profits, suffered by Pledgee, incurred as a result of any Event of Default. The amount of such loss shall be calculated in accordance with the reasonable business plan and profit forecast of Pledgee, the consulting and service fees payable to
Pledgee under the Exclusive Business Cooperation Agreement, all expenses occurred in connection with enforcement by Pledgee of Pledgors’ and/or Party C’s Contract Obligations and etc.. 

 

	 	1.7	 Event of Default: shall refer to any of the circumstances set forth in Section 7 of this Agreement.

  

	 	1.8	 Notice of Default: shall refer to the notice issued by Pledgee in accordance with this Agreement declaring an
Event of Default. 

  
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	Section 2	 The Pledge 

  

	 	2.1	 Pledgors agree to pledge all the Equity Interest as security for performance of the Contract Obligations and
payment of the Secured Indebtedness under this Agreement. Party C hereby assents that Pledgors pledge the Equity Interest to the Pledgee pursuant to this Agreement. 

 

	 	2.2	 During the term of the Pledge, Pledgee is entitled to receive dividends distributed on the Equity Interest.
Pledgors may receive dividends distributed on the Equity Interest only with prior written consent of Pledgee. Dividends received by Pledgors on Equity Interest after deduction of individual income tax paid by Pledgors shall be, as required by
Pledgee, (1) deposited into an account designated and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness prior and in preference to any other payment; or (2) unconditionally donated to
Pledgee or any other person designated by Pledgee to the extent permitted under applicable PRC laws. 

  

	 	2.3	 Pledgors may subscribe for capital increase in Party C only with prior written consent of Pledgee. Any equity
interest obtained by Pledgors as a result of such Pledgor’s subscription of the increased registered capital of Party C shall also be deemed as Equity Interest. 

 

	 	2.4	 In the event that Party C is required by PRC law to be liquidated or dissolved, any interest distributed to
Pledgors upon Party C’s dissolution or liquidation shall, upon the request of the Pledgee, be (1) deposited into an account designate and supervised by Pledgee and used to secure the Contract Obligations and pay the Secured Indebtedness
prior and in preference to any other payment; or (2) unconditionally donated to Pledgee or any other person designated by Pledgee under the premise of compliance with applicable PRC laws. 

 

	Section 3	 Term of Pledge 

 

	 	3.1	 The Pledge shall become effective on such date when the pledge of the Equity Interest contemplated herein has
been registered with relevant administration for market regulation (the “AMR”), and thereafter shall be continuously valid until all Contract Obligations have been fulfilled and all Secured Indebtedness have been repaid up. Pledgors
and Party C shall (1) register the Pledge hereof in the shareholders’ register of Party C within 3 business days following the execution of this Agreement, and (2) fulfill the registration of the Pledge hereof at AMR as soon as
possible following the execution of this Agreement. The Parties jointly confirm that for the purpose of registering the Pledge with the AMR, the Parties and other shareholders of Party C shall, submit a copy of this Agreement or an equity pledge
agreement executed in the form required by the local AMR where Party C resides which shall truly reflect the information of the Pledge hereunder (the “AMR Equity Pledge Agreement”) to the AMR. Where there is any inconsistency
between AMR Equity Pledge Agreement and this Agreement and Transaction Documents, this Agreement and Transaction Documents shall prevail. Pledgors and Party C shall submit all necessary documents and complete all necessary procedures, pursuant to
the PRC laws and regulations and the requirements of relevant AMR, to ensure that the Pledge shall be registered as soon as possible after filing. 

  
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	 	3.2	 During the Term of the Pledge, in the event the Pledgors and/or Party C fail to perform the Contract
Obligations or pay Secured Indebtedness, the Pledgee shall have the right, but not the obligation, to exercise the Pledge in accordance with the provisions of this Agreement. 

 

	Section 4	 Custody of Records for Equity Interest subject to Pledge 

 

	 	4.1	 During the Term of the Pledge set forth in this Agreement, the Pledgors shall deliver to the Pledgee’s
custody the capital contribution certificate for the Equity Interest and the shareholders’ register containing the Pledge within one week from the execution of this Agreement. The Pledgee shall have custody of such documents during the entire
Term of the Pledge set forth in this Agreement. 

  

	Section 5	 Representations and Warranties of Pledgors and Party C 

As of the execution of this Agreement, Pledgors and Party C hereby jointly and respectively represent and warrant to Pledgee that: 

 

	 	5.1	 Pledgors are the sole legal and beneficial owner of the Equity Interest. 

 

	 	5.2	 Pledgee shall have the right to dispose of and transfer the Equity Interest in accordance with the provisions
set forth in this Agreement. 

  

	 	5.3	 Except for the Pledge and the Transaction Documents, Each Pledgor has not placed any security interest or other
encumbrance on the Equity Interest. 

  

	 	5.4	 Pledgors and Party C have obtained any and all approvals and consents from applicable government authorities
and third parties (if required) for execution, delivery and performance of this Agreement. 

  

	 	5.5	 The execution, delivery and performance of this Agreement will not: (i) violate any relevant PRC laws;
(ii) conflict with Party C’s Sections of association or other constitutional documents; (iii) result in any breach of or constitute any default under any contract or instrument to which it is a party or by which it is otherwise bound;
(iv) result in any violation of any related condition for the grant and/or maintenance of any permit or approval granted to any Party; or (v) cause any permit or approval granted to any Party to be suspended, cancelled or attached with
additional conditions. 

  
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	Section 6	 Covenants of Pledgors and Party C 

 

	 	6.1	 During the term of this Agreement, Pledgors and Party C hereby jointly and respectively covenant to the
Pledgee: 

  

	 	6.1.1	 Pledgors shall not transfer the Equity Interest, place or permit the existence of any security interest or
other encumbrance on the Equity Interest or any portion thereof, without the prior written consent of Pledgee, except for the performance of the Transaction Documents; 

 

	 	6.1.2	 Pledgors and Party C shall comply with the provisions of all laws and regulations related to the pledge of
rights, and within ten (10) days of receipt of any notice, order or recommendation issued or prepared by relevant competent authorities regarding the Pledge, shall present the aforementioned notice, order or recommendation to Pledgee, and shall
comply with the aforementioned notice, order or recommendation or submit objections and representations with respect to the aforementioned matters upon Pledgee’s reasonable request or upon consent of Pledgee; 

 

	 	6.1.3	 Pledgors and Party C shall promptly notify Pledgee of any event or notice received by Pledgors that may cause
any impact on the Equity Interest or any portion thereof, as well as any event or notice received by Pledgors that may have an impact on any guarantees and other obligations of Pledgors arising out of this Agreement. 

 

	 	6.1.4	 To maintain the validity of this Agreement, Party C shall complete the registration for the extension of its
operation term within three (3) months prior to the expiration of its operation term. 

  

	 	6.2	 Pledgors agree that the rights acquired by Pledgee in accordance with this Agreement with respect to the Pledge
shall not be interrupted or harmed by Pledgors or any heirs or representatives of such Pledgor or any other persons through any legal proceedings. 

  

	 	6.3	 To protect or perfect the security interest granted by this Agreement for fulfillment of Contract Obligations
and repayment of Secured Indebtedness, Pledgors hereby undertake to execute in good faith and to cause other parties who have an interest in the Pledge to execute all certificates, agreements, deeds and/or covenants required by Pledgee. Pledgors
also undertake to perform and to cause other parties who have an interest in the Pledge to perform actions required by Pledgee, to facilitate the exercise by Pledgee of its rights and authority granted thereto by this Agreement, and to enter into
all relevant documents regarding ownership of Equity Interest with Pledgee or designee(s) of Pledgee (natural persons/legal persons). Pledgors undertake to provide Pledgee within a reasonable time with all notices, orders and decisions regarding the
Pledge that are required by Pledgee. 

  

	 	6.4	 Pledgors hereby undertake to comply with and perform all guarantees, promises, agreements, representations and
conditions under this Agreement. In the event of failure or partial performance of its guarantees, promises, agreements, representations and conditions, Pledgors shall indemnify Pledgee for all losses resulting therefrom. 

  
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	Section 7	 Event of Default 

 

	 	7.1	 The following circumstances shall be deemed Event of Default: 

 

	 	7.1.1	 Pledgors’ any breach to any obligations under the Transaction Documents and/or this Agreement.

  

	 	7.1.2	 Party C’s any breach to any obligations under the Transaction Documents and/or this Agreement.

  

	 	7.2	 Upon notice or discovery of the occurrence of any circumstances or event that may lead to the aforementioned
circumstances described in Section 7.1, Pledgors and Party C shall immediately notify Pledgee in writing accordingly. 

  

	 	7.3	 Unless an Event of Default set forth in this Section 7.1 has been successfully resolved to Pledgee’s
satisfaction within twenty (20) days after the Pledgee and/or Party C delivers a notice to the Pledgors requesting rectification of such Event of Default, Pledgee may issue a Notice of Default to Pledgors in writing at any time thereafter,
demanding the exercise of Pledge in accordance with the provisions of Section 8 of this Agreement. 

  

	Section 8	 Exercise of Pledge 

 

	 	8.1	 Pledgee shall issue a Notice of Default to Pledgors when exercising the Pledge. 

 

	 	8.2	 Subject to the provisions of Section 7.3, Pledgee may exercise the right to enforce the Pledge at any time
after the issuance of the Notice of Default. Once Pledgee elects to enforce the Pledge, Pledgors shall cease to be entitled to any rights or interests associated with the Equity Interest. 

 

	 	8.3	 After Pledgee issues a Notice of Default to Pledgors in accordance with Section 8.1, Pledgee may exercise
any remedy measure under applicable PRC laws, the Transaction Documents and this Agreement, including but not limited to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or
from the proceeds from auction or sale of the Equity Interest. The Pledgee shall not be liable for any loss incurred by the Pledgee’s duly exercise of such rights and powers. 

 

	 	8.4	 The proceeds from exercise of the Pledge by Pledgee shall be used to pay for tax and expenses incurred as
result of disposing the Equity Interest and to perform Contract Obligations and pay the Secured Indebtedness to the Pledgee prior and in preference to any other payment. After the payment of the aforementioned amounts, the remaining balance shall be
returned to Pledgors or any other person who have rights to such balance under applicable laws or be deposited to the local notary public office where such Pledgor resides, with all expense incurred being borne by such Pledgor. To the extent
permitted under applicable PRC laws, Pledgors shall unconditionally donate the aforementioned proceeds to Pledgee or any other person designated by Pledgee. 

  
 6 

	 	8.5	 Pledgee may exercise any remedy measure available simultaneously or in any order. Pledgee may exercise the
right to being paid in priority with the Equity Interest based on the monetary valuation that such Equity Interest is converted into or from the proceeds from auction or sale of the Equity Interest under this Agreement, without exercising any other
remedy measure first. 

  

	 	8.6	 Pledgee is entitled to designate an attorney or other representatives to exercise the Pledge on its behalf, and
Pledgors or Party C shall not raise any objection to such exercise. 

  

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

  

	Section 9	 Breach of Agreement 

 

	 	9.1	 If Pledgors or Party C conducts any material breach of any term of this Agreement, Pledgee shall have right to
terminate this Agreement and/or require Pledgors or Party C to indemnify all damages; this Section 9 shall not prejudice any other rights of Pledgee herein; 

 

	 	9.2	 Pledgors and Party C shall not have any right to terminate this Agreement in any event unless otherwise
required by the applicable laws. 

  

	Section 10	 Assignment 

  

	 	10.1	 Without Pledgee’s prior written consent, Pledgors and Party C shall not have the right to donate or assign
their rights and obligations under this Agreement. 

  

	 	10.2	 This Agreement shall be binding on Pledgors and his/her heirs and permitted assigns, and shall be valid with
respect to Pledgee and each of his/her heirs and assigns. 

  

	 	10.3	 At any time, Pledgee may assign any and all of its rights and obligations under the Transaction Documents and
under this Agreement to its designee(s), in which case the designee shall have the rights and obligations of Pledgee under the Transaction Documents and this Agreement, as if it were the original party to the Transaction Documents and this
Agreement. 

  

	 	10.4	 In the event of a change in Pledgee due to an assignment, Pledgors and/or Party C shall, at the request of
Pledgee, execute a new pledge agreement with the new pledgee on the same terms and conditions as this Agreement, and register the same with the relevant AMR. 

  
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	 	10.5	 Pledgors and Party C shall strictly abide by the provisions of this Agreement and other contracts jointly or
separately executed by the Parties hereto or any of them, including the Transaction Documents, perform the obligations hereunder and thereunder, and refrain from any action/omission that may affect the effectiveness and enforceability thereof. Any
remaining rights of Pledgors with respect to the Equity Interest pledged hereunder shall not be exercised by any Pledgors except in accordance with the written instructions of Pledgee. 

 

	Section 11	 Termination 

  

	 	11.1	 This Agreement shall be terminated upon the fulfillment of all Contract Obligations and the full repayment of
all Secured Indebtedness. Upon the fulfillment of all Contract Obligations and the full repayment of all Secured Indebtedness by Pledgors and Party C, Pledgee shall release the Pledge under this Agreement upon Pledgors’ request as soon as
reasonably practicable and shall assist Pledgors to de-register the Pledge from the shareholders’ register of Party C and cancel the registration of Pledge with relevant AMR. 

 

	 	11.2	 The provisions under Sections 9, 13, 14 and 11.2 herein of this Agreement shall survive the expiration or
termination of this Agreement. 

  

	Section 12	 Handling Fees and Other Expenses 

All fees and out of pocket expenses relating to this Agreement, including but not limited to legal costs, costs of production, stamp tax and
any other taxes and fees, shall be borne by Party C. 
  

	Section 13	 Confidentiality 

The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information exchanged between the Parties in
connection with the preparation and performance this Agreement are regarded as confidential information. Each Party shall maintain the confidentiality of all such confidential information, and without obtaining the written consent of the other
Party, it shall not disclose any relevant confidential information to any third parties, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s unauthorized disclosure); (b) is
under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any Party to its shareholders,
directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the confidentiality
obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential information by such Party
and such Party shall be held liable for breach of this Agreement. 

  
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	Section 14	 Governing Law and Resolution of Disputes 

 

	 	14.1	 The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the laws of the PRC. 

  

	 	14.2	 In the event of occurrence of any dispute arising from or with respect to the interpretation and performance of
this Agreement, the Parties shall first resolve the dispute through friendly negotiations. Where the dispute is not solved within 30 days after delivery of request for friendly negotiation by any Party to other Parties, either Party may submit the
relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules. The place of arbitration shall be Beijing. The arbitration award shall be final and binding on the
Parties. 

  

	 	14.3	 During the process of arbitration regarding any dispute arising from or with respect to the interpretation and
performance of this Agreement or any other dispute, the Parties shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement except for the matters under dispute.

  

	Section 15	 Notices 

  

	 	15.1	 All notices and other communications required or permitted to be given pursuant to this Agreement shall be
delivered personally or sent by registered mail, postage prepaid, by a commercial courier service or by facsimile transmission to the address of such party below. A confirmation copy of each notice shall also be sent by E-mail. The dates on which notices shall be deemed to have been effectively given shall be determined as follows: 

  

	 	15.1.1	 Notices given by personal delivery, courier service, registered mail or prepaid postage shall be deemed
effectively given on the date of receipt or refusal at the address set forth below. 

  

	 	15.1.2	 Notices given by facsimile transmission shall be deemed effectively given on the date of successful
transmission to the Fax no. set forth below (as evidenced by an automatically generated confirmation of transmission). 

  

	 	15.2	 For the purpose of notices, the addresses of the Parties are as follows: 

If to Party A, Party B and Party C: 

Address: 4th Floor, Building 2 (Block D), No. 208, Lize Zhongyuan, Wangjing, Chaoyang District, Beijing 

Attn: SHEN Peng 
 Telephone:
[***] 
 Email: [***] 

  
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	 	15.3	 Any Party may at any time change its address for notices by a notice delivered to the other Parties in
accordance with the terms of this Section. 

  

	Section 16	 Severability 

In the event that one or several of the provisions of this Contract are found to be invalid, illegal or unenforceable in any aspect in
accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Contract shall not be affected or compromised in any respect. The Parties shall strive in good faith to replace such invalid,
illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the
economic effect of those invalid, illegal or unenforceable provisions. 
  

	Section 17	 Effectiveness 

 

	 	17.1	 This Agreement shall become effective upon execution by the Parties 

 

	 	17.2	 Any amendments, supplements and changes to this Agreement shall be in writing and shall become effective upon
completion of the governmental filing procedures (if applicable) after the affixation of the signatures or seals of the Parties. 

  

	Section 18	 Language and Counterparts 

This Agreement is written in Chinese in five copies. The Pledgor, the Pledgee and Party C shall hold one copy respectively and the other copy
shall be used for registration. 
 [The Remainder of this page is intentionally left blank] 

  
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 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Equity Interest
Pledge Agreement as of the date first above written. 
 Party A: Beijing Absolute Health Ltd. (seal) 

 

	
	[Company seal is affixed]
	
	Signed by: /s/ SHEN Peng                               
         
	Name: SHEN Peng
	Title:   Authorized Representative
	
	Party B: SHEN Peng
	
	Signed by: /s/ SHEN
Peng                                        

	
	Party B: RAN Wei
	
	Signed by: /s/ RAN
Wei                                         
  
	
	Party C: Beijing Shuidi Hulian Technology Co., Ltd. (seal)
	
	[Company seal is affixed]
	
	Signed by: /s/ SHEN
Peng                                        

	Name: SHEN Peng
	Title:   Authorized Representative

 Annex I 

Party C’s Ownership Structure 
  

													
	 Shareholder
	  	Domicile	 	  	Subscribed
Registered Capital
(RMB)	 	  	Shareholding
Percentage	 
	 SHEN Peng
	  	 	[***	] 	  	 	49,500,000	 	  	 	99	% 
	 RAN Wei
	  	 	[***	] 	  	 	500,0000	 	  	 	1	% 
		  				  	  
	  
	 	  	  
	  
	 
	 Total
	  				  	 	50,000,000	 	  	 	100	% 
		  				  	  
	  
	 	  	  
	  
	 

  
 Annex I to Equity
Interest Pledge AgreementEX-10.18

 Exhibit 10.18 

Exclusive Business Cooperation Agreement 

This Exclusive Business Cooperation Agreement (this “Agreement”) is made and entered into by and between the following parties on
July 31, 2019, in Beijing, the People’s Republic of China (“China” or the “PRC”). 
  

	Party A:	 Beijing Absolute Health Ltd. 

	Address:	 Room 4103, 101, 1st Floor, Building 2, No. 208, Lize Middle Park, Chaoyang District, Beijing

  

	Party B:	 Beijing Shuidi Hulian Technology Co., Ltd. 

	Address:	 Room 4306, 3rd Floor, Building 2, No. 208, Lize Middle Park, Chaoyang District, Beijing

 In this Agreement, each of Party A and Party B shall be hereinafter referred to as a “Party” individually,
and as the “Parties” collectively. 
 Whereas: 
  

	1.	 Party A is a wholly foreign-owned enterprise established in China, and has sufficient capacity and resources
for providing technical development, technical promotion, technical transfer, technical consultation, technical services and organizing cultural and artistic exchange activities (excluding performance), undertaking exhibition activities, software
development, product design, computer system services, design, production, agency, and release of advertisement, health management (except for approved diagnosis and treatment activities), health consulting (except for approved diagnosis and
treatment activities), data processing, enterprise management consulting, economic and trade consulting, application software services (excluding medical software) ; 

 

	2.	 Party B is a company established in China with exclusive domestic capital and, is permitted by the relevant PRC
government authorities to engage in technical promotion services, computer system services, basic software services, application software services (excluding medical software), software development, product design, model design, packaging design,
education consulting, economic and trade consulting, public relations services, conference services, arts and crafts design, computer graphic design and production, enterprise planning, design, production, agency, and release of advertisement,
market research, enterprise management consulting, organizing cultural and artistic exchange activities (excluding performances), literary and artistic creation, undertaking exhibitions, translation services, natural science research, engineering
and technology research, agricultural science research, medical research (excluding diagnosis and treatment activities), data processing (except bank card center in data processing and cloud computing data center with PUE value above 1.5), and,
sales of clothing, shoes and hats, leather products (excluding wild animal skins), textiles, daily necessities, toys, stationery, sporting goods, household appliances, jewelry, photographic equipment, computers, software and auxiliary equipment,
cosmetics, class I medical equipment, class II medical equipment, communication equipment, electronic products, auto parts, kitchen appliances, toilet appliances (not engaged in physical shop operation), decorative materials (not engaged in physical
shop operation), handicrafts, clocks, glasses, sales of food, and engaging in Internet cultural activities. The businesses conducted by Party B currently and at any time during the term of this Agreement are collectively referred to as the
“Principal Business”; 

  
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	3.	 Party A is willing to provide Party B with technical support, consultation and other services on an exclusive
basis in relation to the Principal Business during the term of this Agreement, utilizing its advantages in technology, team, and information, and Party B is willing to accept such services provided by Party A or Party A’s designee(s), each on
the terms set forth herein. 

 Now, therefore, through mutual discussion, the Parties have reached the following
agreements: 
  

	1.	 Services Provided by Party A 

 

	 	1.1	 Party B hereby appoints Party A as Party B’s exclusive services provider to provide Party B with
comprehensive technical support, consulting services and other services during the term of this Agreement, in accordance with the terms and conditions of this Agreement, including but not limited to the following: 

 

	 	(1)	 Licensing Party B to use the related software legally owned by Party A; 

 

	 	(2)	 Development, maintenance and updating of related application software necessary for Party B’s business;

  

	 	(3)	 Design, installation, daily management, maintenance and updating of network systems, hardware equipment and
database; 

  

	 	(4)	 Technical support and training for employees of Party B; 

 

	 	(5)	 Assisting Party B in consulting, collection and research of technology and market information (excluding market
research business that wholly foreign-owned enterprises are prohibited from conducting under PRC law); 

  

	 	(6)	 Providing business and management consultation for Party B; 

 

	 	(7)	 Providing marketing and promotional services for Party B; 

 

	 	(8)	 Provide customer order management and customer services for Party B; and 

 

	 	(9)	 Other related services requested by Party B from time to time to the extent permitted under PRC law.

  

	 	1.2	 Party B agrees to accept all the services provided by Party A. The Parties agree that Party A may designate its
affiliates or other qualified service providers (such designated party may execute certain agreements described in Section 1.3 of this Agreement with Party B) to provide Party B with the services specified in this Agreement. Party B further
agrees that unless with Party A’s prior written consent, during the term of this Agreement, Party B shall not directly or indirectly accept the same or any similar services provided by any third party and shall not establish similar corporation
relationships with any third party regarding the matters contemplated by this Agreement. Both Parties agree that Party A may appoint or designate other parties to provide Party B with the services under this Agreement (the designated parties may
enter into certain agreements as described in Section 1.3 with Party B). 

  
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	 	1.3	 Party A shall be entitled to inspect the accounts of Party B either on regularly basis or from time to time,
and Party B shall ensure accurate and timely account recording and provide Party A with its accounts at the request of Party A. During the validity term of this Agreement and subject to any applicable laws, Party B agrees to cooperate with Party A
and its shareholders (including, direct or indirect shareholders ) to audit the Party B’s accounts (including, without limitation, audit of related-party transactions and other aspects), to provide Party A, its shareholders and/or the auditors
appointed by Party A with related information and data concerning the operation, business, clients, finance and employees of Party B and Party B’s subsidiaries, and agrees that Party A’s shareholders may disclose such information and data
to satisfy its listed securities regulatory requirements. The Parties agree that, during the validity term of this Agreement, Party A shall be entitled to consolidate the financial results of Party B into that of Party A in accordance with
applicable accounting standards as if Party B was a wholly owned subsidiary of Party A. However, Party A shall not bear any legal liabilities for any debts or other obligations or risks of Party B. 

 

	 	1.4	 If Party B goes into liquidation or dissolution for any reason, to the extent permitted by the PRC laws, Party
B shall form a liquidation team comprising members recommended by Party A to manage the properties of Party B and its subsidiaries. In such case, notwithstanding the enforceability of this Agreement, Party B agrees that it shall deliver all
liquidated assets of Party B to Party A in accordance with PRC laws and regulations. 

  

	 	1.5	 Service Providing Methodology and Financial Support 

 

	 	1.5.1	 Party A and Party B agree that during the term of this Agreement, where necessary, Party B may enter into
further service agreements with Party A or any other party designated by Party A, which shall provide the specific contents, methods, personnel, and fees for the specific services. 

 

	 	1.5.2	 To fulfill this Agreement, Party A and Party B agree that during the term of this Agreement, where necessary,
Party B may enter into equipment or property lease agreements with Party A or any other party designated by Party A which shall permit Party B to use Party A’s relevant equipment or property based on the business needs of Party B.

  
 3 

	 	1.5.3	 Party B hereby grants to Party A an irrevocable and exclusive option to purchase from Party B, at Party
A’s sole discretion, any or all of the assets and business of Party B, to the extent permitted under PRC law, and at the lowest purchase price permitted by PRC law. The Parties shall then enter into a separate assets or business transfer
agreement, specifying the terms and conditions of the transfer of the assets. 

  

	 	1.5.4	 In order to ensure that the cash flow requirements in the ordinary course of business of Party B are satisfied
and/or offset any losses arising from its course of business, Party A may provide financial support for Party B depending on the actual conditions ( but only within the scope and in a manner permitted by PRC laws). Party A may provide financial
support for Party B by means of bank entrusted loans or other applicable lending methods, and enter into separate necessary agreements with Party B. 

  

	 	1.6	 The Parties agree that the services provided by Party A to Party B under this Agreement shall be also
applicable to the subsidiaries controlled by Party B, and Party B shall cause the subsidiaries controlled by it to exercise rights and perform obligations under this Agreement. 

 

	2.	 The Calculation and Payment of the Service Fees 

 

	 	2.1	 During the term of this Agreement, the fees that Party B shall pay to Party A shall be calculated in the
following way: 

  

	 	2.1.1	 With regard to services provided by Party A to Party B, Party B shall pay Party A service fees annually. The
service fees under this Agreement shall be the balance of the 100% gross consolidated profits of Party B for any financial year after offsetting the accumulated losses (if any) of Party B and its subsidiaries for the preceding financial years and
deducting the working capital, expenses, taxes and other statutory contributions required for any financial year, and reasonable operation profits determined in accordance with applicable PRC tax law principles and tax practice.

  

	 	2.1.2	 In the event that Party A transfers technology to Party B or Party A is entrusted by Party B to develop
software or other technology, or Party A leases equipment or properties to Party B, the technology transfer fees, entrusted development fees or rents shall be determined by the Parties based on the actual situation. 

 

	 	2.1.3	 In addition to the service fees, Party B shall bear all the reasonable expenses, advance payments and out-of-pocket expenses in any form paid or incurred by Party A when performing or providing services, and shall pay Party A compensation accordingly. 

  
 4 

	 	2.1.4	 The Parties shall respectively bear the taxes and fees for its execution and performance of this Agreement
payable in accordance with laws. If requested by Party A, Party B shall use its best effort to assist Party A to obtain the treatment of exemption from value-added taxes on all or any part of its service fees income under this Agreement.

  

	 	2.1.5	 Party B hereby acknowledges and agrees that, without prior written consent of Party A or persons designated by
Party A, Party B will not conduct or prompt any activities or transactions that may materially affect Party B’s assets, business, personnel, obligations, rights or operations, or conduct or promote any activities or transactions that may
materially affect Party B’s ability to perform its obligations under this Agreement. 

  

	3.	 Intellectual Property Rights and Confidentiality Clauses 

 

	 	3.1	 Party A shall have sole and exclusive ownership, rights and interests in any and all intellectual properties
arising out of or created or developed during the performance of this Agreement, including but not limited to copyrights, patents, rights for patent applications, software, technical secrets, trade secrets and others. Party A shall be entitled to
exercise such rights with no consideration. 

  

	 	3.2	 For the needs of Party B’s business, Party A agrees that Party B may register part of the intellectual
properties designated by Party A under Party B’s name. Notwithstanding the foregoing, if requested by Party A, Party B shall execute all appropriate documents, take all appropriate actions, submit all documents and/or applications, render all
appropriate assistance and conduct other activities deemed to be necessary by Party A at its sole discretion, in order to grant the ownership, right or interest of any such intellectual properties to Party A, and/or to strengthen the protections for
Party A’s rights for such intellectual properties. Party B unconditionally and irrevocably authorizes Party A to use any intellectual property registered in the name of Party B with no consideration. 

 

	 	3.3	 The Parties acknowledge that the existence and the terms of this Agreement and any oral or written information
exchanged between the Parties in connection with the preparation and performance of this Agreement are regarded as confidential information. Each Party shall maintain confidentiality of all such confidential information, and without obtaining the
written consent of the other Party, it shall not disclose any relevant confidential information to any third party, except for the information that: (a) is or will be in the public domain (other than through the receiving Party’s
unauthorized disclosure); (b) is under the obligation to be disclosed pursuant to the applicable laws or regulations, rules of any stock exchange, or orders of the court or other government authorities; or (c) is required to be disclosed by any
Party to its shareholders, directors, employees, legal counsels or financial advisors regarding the transaction contemplated hereunder, provided that such shareholders, directors, employees, legal counsels or financial advisors shall be bound by the
confidentiality obligations similar to those set forth in this Section. Disclosure of any confidential information by the shareholders, director, employees of or agencies engaged by any Party shall be deemed disclosure of such confidential
information by such Party and such Party shall be held liable for breach of this Agreement. 

  
 5 

	4.	 Representations and Warranties 

 

	 	4.1	 Party A hereby represents, warrants and covenants as follows: 

 

	 	4.1.1	 Party A is a wholly foreign-owned enterprise legally established and validly existing in accordance with the
laws of China; Party A or the service providers designated by Party A will obtain all government permits and licenses necessary for providing the service under this Agreement before providing such services. 

 

	 	4.1.2	 Party A has taken all necessary corporate actions, obtained all necessary authorizations as well as all
consents and approvals from third parties and government agencies (if required) for the execution, delivery and performance of this Agreement. Party A’s execution, delivery and performance of this Agreement do not violate any explicit
requirements under any law or regulation. 

  

	 	4.1.3	 This Agreement constitutes Party A’s legal, valid and binding obligations, enforceable against it in
accordance with its terms. 

  

	 	4.2	 Party B hereby represents, warrants and covenants as follows: 

 

	 	4.2.1	 Party B is a company legally established and validly existing in accordance with the laws of China, and Party B
has obtained and will maintain all government permits and licenses required to engage in the Principal Business. 

  

	 	4.2.2	 Party B has taken all necessary corporate actions, obtained all necessary authorizations as well as all
consents and approvals from third parties and government agencies (if required) for the execution, delivery and performance of this Agreement. Party B’s execution, delivery and performance of this Agreement do not violate any explicit
requirements under any law or regulation. 

  
 6 

	 	4.2.3	 This Agreement constitutes Party B’s legal, valid and binding obligations, and shall be enforceable
against it in accordance with its terms. 

  

	 	4.2.4	 There is no occurred and ongoing litigation, arbitration or other judicial or administrative procedures that
will affect Party B’s performance of the obligations under this Agreement, and no one has threatened to take the abovementioned actions to Party B’s knowledge. 

 

	 	4.2.5	 Party B shall pay Party A the service fees in full and in time in accordance with the provisions of this
Agreement. 

  

	5.	 Term of Agreement 

 

	 	5.1	 This Agreement shall become effective upon duly executed by both Parties and shall remain effective permanently
unless expressly provided hereof or determined to be terminated by Party A in writing. 

  

	 	5.2	 During the term of this Agreement, each Party shall renew its operation term upon the expiration thereof, so as
to enable this Agreement to remain effective. This Agreement shall be terminated upon the expiration of the operation term of a Party if the application for the renewal of its operation term is not approved or permitted by the competent government
authorities. 

  

	 	5.3	 Both Parties covenant that, in the event that Party A is permitted to directly hold the equity in Party B and
Party A and/or its affiliates or branches are permitted to engage in Party B’s business under PRC laws, this Agreement shall be terminated immediately upon the equity in Party B is transferred to Party A according to the Exclusive Option
Agreement entered into by and between Party B’ direct and indirect existing shareholders on the same day of this Agreement. 

  

	 	5.4	 The rights and obligations of the Parties under Sections 3, 6, 7 and this Section 5.4 shall survive the
termination of this Agreement. 

  

	6.	 Governing Law and Resolution of Disputes 

 

	 	6.1	 The execution, effectiveness, construction, performance, amendment and termination of this Agreement and the
resolution of disputes hereunder shall be governed by the laws of the PRC. 

  

	 	6.2	 In the event of occurrence of any dispute arising from or with respect to the interpretation and performance of
this Agreement, the Parties shall first resolve the dispute through friendly negotiations. Where the dispute is not solved within 30 days after delivery of request for friendly negotiation by any Party to other Parties, either Party may submit the
relevant dispute to the China International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules. The place of arbitration shall be Beijing. The arbitration award shall be final and binding on the
Parties. 

  
 7 

	 	6.3	 Under the appropriate circumstances permitted by PRC laws, the arbitral tribunal may grant any remedies,
including temporary and permanent injunctive remedies (such as injunctive remedies for commercial activities, or injunctive remedies for forced transfer of assets), actual performance of contractual obligations, remedies for Party B’s equity or
assets and rulings ordering Party B to wind up. Subject to PRC laws, while waiting for the formation of the arbitration tribunal or under appropriate circumstances, both Parties are entitled to seek temporary injunctive remedies or other temporary
remedies from the court with jurisdiction to support the arbitration. In this regard, both Parties have reached a consensus that subject to applicable laws, the courts of Hong Kong, Cayman Islands, PRC and the location of Party B’s main assets
shall all be deemed to have jurisdiction. 

  

	 	6.4	 During the process of arbitration regarding any dispute arising from or with respect to the interpretation and
performance of this Agreement or any other dispute, the Parties shall continue to exercise their respective rights under this Agreement and perform their respective obligations under this Agreement except for the matters under dispute.

  

	7.	 Breach of Agreement and Indemnification 

 

	 	7.1	 If Party B materially breaches any provision under this Agreement, Party A is entitled to terminate this
Agreement and/or require Party B to compensate the losses. This Section 7.1 shall not prejudice any other rights of Party A under this Agreement. 

  

	 	7.2	 Unless otherwise required by the applicable laws, Party B shall not terminate this Agreement in any event.

  

	 	7.3	 Party B shall indemnify Party A and hold Party A harmless from any losses, damages, obligations or expenses
caused by any lawsuit, requests or other demands raised against Party A arising from or caused by the services provided by Party A to Party B pursuant this Agreement, except where such losses, damages, obligations or expenses arise from the gross
negligence or willful misconduct of Party A. 

  

	8.	 Force Majeure 

 

	 	8.1	 In the case of any force majeure events (“Force Majeure”) such as earthquakes, typhoons, floods,
fires, flu, wars, strikes or any other events that cannot be predicted and are unpreventable and unavoidable by the affected Party, which directly causes the failure of either Party to perform or fully perform this Agreement, the Party affected by
such Force Majeure shall not be liable for such failure in performance, partial performance. However, the Party affected by such Force Majeure shall give the other Party written notices without any delay, and shall provide details evidencing such
event within 15 days after sending out such notice, explaining the reasons for such failure in performance, partial performance or delay in performance. 

  
 8 

	 	8.2	 If such Party claiming Force Majeure fails to notify the other Party and furnish it with proof pursuant to the
above provision, such Party shall not be excused from the non-performance of its obligations hereunder. The Party so affected by the event of Force Majeure shall use reasonable efforts to minimize the
consequences of such Force Majeure and to promptly resume performance hereunder whenever the causes of such excuse are cured. Should the Party so affected by the event of Force Majeure fail to resume performance hereunder when the causes of such
excuse are cured, such Party shall be liable to the other Party. 

  

	 	8.3	 In the event of Force Majeure, the Parties shall immediately consult with each other to find an equitable
solution and shall use all reasonable endeavours to minimize the consequences of such Force Majeure. 

  

	9.	 Notices 

  

	 	9.1	 All notices and other communications required to be given or otherwise made pursuant to this Agreement shall be
delivered personally, or sent by registered mail, prepaid postage, a commercial courier service or facsimile transmission to the receiving Party’s following address with an additional copy delivered via email. The dates on which notices shall
be deemed to have been effectively given shall be determined as follows: 

  

	 	9.1.1	 Notices given by personal delivery, express services or registered mail, postage prepaid shall be deemed
effectively given on the date of receipt or rejection at the designated address of notices; 

  

	 	9.1.2	 Notices given by facsimile transmission shall be deemed effectively given on the date of successful delivery
(which shall be evidenced by the automatically generated transmission confirmation message). 

  

	 	9.2	 For the purpose of notices, the addresses of the Parties are as follows: 

Party A: Beijing Absolute Health Ltd. 

Mailing Address: Room 4103, 101, 1st Floor, Building 2, No. 208, Lize Middle Park, Chaoyang District, Beijing. 

Attn: SHEN Peng 
 Tel.: [***]

  
 9 

 Party B: Beijing Shuidi Hulian Technology Co., Ltd. 

Mailing Address: Room 4306, 3rd Floor, Building 2, No. 208, Lize Middle Park, Chaoyang District, Beijing. 

Attn: SHEN Peng 
 Tel.: [***]

  

	 	9.3	 Any Party may at any time change its address for notices by a notice delivered to the other Party in accordance
with the terms of this Section. 

  

	10.	 Assignment 

  

	 	10.1	 Without Party A’s prior written consent, Party B shall not assign its rights and obligations under this
Agreement to any third party. 

  

	 	10.2	 Party B agrees that Party A may assign its obligations and rights under this Agreement to any third party and
in case of such assignment, Party A is only required to give written notice to Party B and does not need any consent from Party B for such assignment. 

  

	11.	 Severability 

In the event that one or several of the provisions of this Agreement are held to be invalid, illegal or unenforceable in any aspect in
accordance with any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected or compromised in any aspect. The Parties shall negotiate in good faith to replace such invalid,
illegal or unenforceable provisions with effective provisions that accomplish to the greatest extent permitted by law and the intentions of the Parties, and the economic effect of such effective provisions shall be as close as possible to the
economic effect of those invalid, illegal or unenforceable provisions. 
  

	12.	 Amendments and Supplements 

This Agreement may be amended or supplemented by a written agreement executed by both Parties. Any amendment agreement and supplementary
agreement duly executed by the Parties hereto with regard to this Agreement shall constitute an integral part of this Agreement, and shall have equal legal validity as this Agreement. 

 

	13.	 Entire Agreement 

Except for the amendments, supplements or revision in writing executed after the execution of this Agreement, this Agreement shall constitute
the entire agreement reached by and among the Parties hereto with respect to the subject matter hereof, and shall supersede all prior oral and written consultations, representations and contracts reached with respect to the subject matter of this
Agreement. 

  
 10 

	14.	 Waivers 

Any Party may waive the terms and conditions of this Agreement, provided that such waiver must be provided in writing and executed by both
Parties. The waiver by a Party in certain circumstances with respect to a breach by the other Party shall not be deemed as a waiver with respect to any similar breach in other circumstances. 

 

	15.	 Language and Counterparts 

This Agreement is written in Chinese in two copies. Each Party has one copy. Each copy shall have the same effect. 

[The reminder of this page is intentionally left blank.] 

  
 11 

 IN WITNESS WHEREOF, the Parties have caused their authorized representatives to execute this Exclusive
Business Cooperation Agreement on the date first mentioned above, which shall take effects in accordance with provisions hereof. 
 Party A: Beijing
Absolute Health Ltd. (seal) 
  

	
	[Company seal is affixed]
	
	Signed by: /s/ SHEN Peng                               
         
	Name: SHEN Peng
	Title:   Authorized Representative
	
	Party B: Beijing Shuidi Hulian Technology Co., Ltd. (seal)
	
	[Company seal is affixed]
	
	Signed by: /s/ SHEN
Peng                                        

	Name: SHEN Peng
	Title:   Authorized Representative

 Signature Page to Exclusive Business Cooperation Agreement

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