Document:

Exhibit 10.6

 

[English Translation]

 

Equity Pledge Agreement

 

This Equity Pledge Agreement (this “Agreement”) is entered into by and among the following parties on September 17, 2017:

 

1.                                               Shareholders of Shanghai OneSmart Education and Training Co., Ltd. listed in Schedule 1 (the “Pledgors”)

 

2.                                               Shanghai Jing Xue Rui Information and Technology Co., Ltd. (the “Pledgee”)

 

Registered Address: ***

 

Legal Representative: Meng Xiaoqiang

 

3.                                               Shanghai OneSmart Education and Training Co., Ltd. (the “Company”)

 

Registered Address: ***

 

Legal Representative: Fan Yaozu

 

(In this Agreement, each a “Party”, collectively the “Parties”.)

 

WHEREAS:

 

(1)                                          The Pledgors are the registered shareholders of the Company, aggregately holding 100% of the equity interests in the Company (the “Company Equities”). At the date hereof, their capital contributions to the registered capital of the Company and percentages of shareholding in the Company are set out in Schedule 1 hereto.

 

(2)                                          In accordance with the Exclusive Purchase Right Agreement (together with any amendment or restatement thereto, the “Purchase Right Agreement”) executed on the date hereof by and among the Parties, the Pledgors and/or the Company shall, to the extent permitted by the PRC Laws and at the request of the Pledgee, transfer all or part of their equity interests in the Company and/or all or part of the assets of the Company to the Pledgee and/or any other entity or individual designated by the Pledgee.

 

(3)                                          In accordance with the Loan Agreement (together with any amendment or restatement thereto, the “Loan Agreement”) executed on the date hereof by and between the Pledgors and the Pledgee, the Pledgee agrees to provide loans to the Pledgors pursuant to the terms and conditions of the Loan Agreement.

 

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(4)                                          In accordance with the Shareholders’ Voting Rights Agreement (together with any amendment or restatement thereto, the “Shareholders’ Voting Rights Agreement”) executed on the date hereof by and among the Parties, the Pledgors have irrevocably granted a general power of attorney to such person then appointed by the Pledgee to exercise all of their shareholders’ voting rights in the Company on behalf of the Pledgors.

 

(5)                                          In accordance with the Exclusive Technology and Consultation Service Agreement (together with any amendment or restatement thereto, the “Consultation Service Agreement”) executed on the date hereof by and between the Company and the Pledgee, the Company has engaged the Pledgee exclusively to provide relevant technical support and consulting and other services, and agreed to pay corresponding service fees to the Pledgee for such services.

 

(6)                                          As security for performance of their Contractual Obligations (as defined below) and the repayment of the Secured Indebtedness (as defined below) by the Pledgors and the Company, the Pledgors agree to pledge all of their Company Equities to the Pledgee and grant in favor of the Pledgee the first ranking pledge over such Company Equities.

 

NOW, THEREFORE, through negotiations, the Parties agree as follows:

 

1.                                               Definition

 

1.1                                        Unless otherwise defined in its context, in this Agreement:

 

	
“Contractual   Obligations”:
    	
 
    	
means all of the Pledgors’ and/or the Company’s   contractual obligations under the Loan Agreement, Consultation Service   Agreement, Purchase Right Agreement, Shareholders’ Voting Rights Agreement   and this Agreement (including any amendment or restatement thereto).
    
	
 
    	
 
    	
 
    
	
“Secured Indebtedness”:
    	
 
    	
means all of the service fees and interest entitled   to the Pledgee, and the repaid loans and interest by the Pledgors to the   Pledgee under the Transaction Agreements (as defined below); all losses of   direct, indirect or predictable benefits incurred as a result of any Event of   Default (as defined below) caused by the Pledgors and/or the Company, the   amount of which shall be determined by the Pledgee at its absolute discretion   to the extent permitted by the PRC Laws and shall be absolutely binding upon   the Pledgors and the Company; and all costs incurred by the Pledgee for   enforcing the performance of the Contractual Obligations by the Pledgors   and/or the Company and for realizing the Pledge Right (including without   limitation, legal fees, arbitration fees, valuation and auction fees for the   Pledged Equities (as defined below), and other fees).
    

 

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“Transaction Agreements”:
    	
 
    	
means the Loan Agreement, the Consultation Service   Agreement, the Purchase Right Agreement and the Shareholders’ Voting Rights   Agreement.
    
	
 
    	
 
    	
 
    
	
“Event of Default”:
    	
 
    	
shall refer to any of the circumstances below:

 

(1)         the breach by any   Pledgors and/or the Company of any Contractual Obligations under the Loan   Agreement, the Purchase Right Agreement, the Shareholders’ Voting Rights   Agreement, the Consultation Service Agreement and/or this Agreement   (including any amendment or restatement thereto);

 

(2)         the accelerated payment   or performance of any loans, security interests, indemnities, undertakings or   any other liabilities of the Pledgors and/or the Company to any third party,   or failure to repay or perform such loans, security interests, indemnities,   undertakings or other liabilities when it is due and payable, in each case   resulting in the Pledgee’s reasonable belief that the ability of the Pledgors   and/or the Company to perform this Agreement has been materially and   adversely affected;

 

(3)         the material adverse   change in the assets owned by the Pledgors and/or the Company, resulting in   the Pledgee’s reasonable belief that the ability of the Pledgors and/or the   Company to perform this Agreement has been materially and adversely affected.
    

 

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“Pledged Equities”:
    	
 
    	
means all the Company Equities lawfully owned by the   Pledgors on the date of this Agreement and pledged pursuant to this Agreement   to the Pledgee as security for the performance of the Contractual Obligations   (the specific equity interests pledged by the Pledgors are set out in   Schedule 1 to this Agreement) and any increased capital contributions/equity   interests and any share dividends under Sections 2.7 and 2.8 of this   Agreement.
    
	
 
    	
 
    	
 
    
	
“Pledge Right”:
    	
 
    	
means the right entitled to the Pledgee to be   indemnified in priority with the proceeds from conversion, auction or sales   of the equity interests pledged by the Pledgors to the Pledgee.
    
	
 
    	
 
    	
 
    
	
“PRC Laws”:
    	
 
    	
means the then effective laws, administrative   regulations, administrative rules, local regulations, judicial   interpretations and other binding regulatory documents of the People’s   Republic of China (for the purpose of this Agreement, excluding Hong Kong   Special Administrative Region, Macau Special Administrative Region and   Taiwan).
    

 

1.2                                        In this Agreement, any reference to any PRC Laws shall be deemed to include (i) a reference to such PRC Laws as modified, amended, supplemented or reenacted, effective before or after the date of this Agreement; and (ii) a reference to any other decisions, circulars or rules made pursuant to such PRC Laws or effective as a result of such PRC Laws.

 

1.3                                        Unless otherwise stated in the context of this Agreement, a reference to a provision, clause, section or paragraph shall refer to a corresponding provision, clause, section or paragraph of this Agreement.

 

2.                                               Equity Pledge

 

2.1                                        The Pledgors hereby agree to pledge, in accordance with the terms of this Agreement, their lawfully owned and disposable equity interests aggregately constituting 100% of the Company’s equity interests, to the Pledgee as joint and several security for the performance of the Contractual Obligations and the repayment of the Secured Indebtedness by the Pledgors and the Company.

 

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2.2                                        The Parties understand and agree that the currency valuation arising from or in connection with the Secured Indebtedness is changeable and fluctuating. Therefore, based on the reasonable assessment and valuation of the aforesaid Secured Indebtedness and Pledged Equities by the Pledgors and Pledgee, the Pledgors and the Pledgee jointly acknowledge and agree that the maximum amount of the Secured Indebtedness secured by the Pledged Equities held by each Pledgor shall be RMB2,392,696,380.1 (“Maximum Amount”). The Pledgors and Pledgee can from time to time adjust the Maximum Amount by making unanimous amendments and supplements to this Agreement based on the fluctuation of currency evaluation of the Secured Indebtedness and the Pledged Equities.

 

2.3                                        The Pledgors shall handle and complete the registration of the Pledged Equities under this Agreement with the competent industrial and commercial authority within ten (10) business days after the date of this Agreement, and shall complete the equity pledge registration and deliver the industrial and commercial registration certificate to the Pledgee within twenty (20) business days or other time agreed by the Parties after the date of this Agreement. The Pledge Right under this Agreement is created when the registration of the Pledged Equities with the industrial and commercial authority is completed.

 

2.4                                        The Pledgors shall deliver to the Pledgee the capital contribution certificate reflecting the pledge of the Pledged Equities pursuant to this Agreement on the date of this Agreement.

 

2.5                                        The Company shall, and the Pledgors shall procure the Company to, record the Pledged Equities in its shareholders’ register on the date of this Agreement and agree to deliver this sole shareholders’ register to the Pledgee. The Company shall not keep any other shareholders’ register.

 

2.6                                        During the term of this Agreement, the Pledgee shall not be liable in whatsoever manner for any decrease in the value of the Pledged Equities and the Pledgors are not entitled to seek any form of recourse or file any claims against the Pledgee, except where such decrease arises out of any willful conduct of the Pledgee or out of its gross negligence which has an immediate cause and effect with such decrease.

 

2.7                                        Upon occurrence of any Event of Default, the Pledgee shall be entitled to dispose of the Pledged Equities in such manner as prescribed in Section 4 of this Agreement.

 

2.8                                        The Pledgors shall not increase the capital of the Company, transfer or accept any Company Equities without prior consent of the Pledgee.

 

2.9                                        The Pledgors shall not receive any dividend, bonus or any other profit distribution in respect of the Pledged Equities without prior consent of the Pledgee. The Pledgors agree that the Pledgee is entitled to receive any dividend or bonus in respect of the Pledged Equities during the existence of the Pledged Equities. The Company shall pay such proceeds to an account designated by the Pledgee.

 

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2.10                                 Any additional equity interest received by the Pledgors under Sections 2.8 and 2.9 in proportion to the Pledgors’ increased amount in the registered capital of the Company from any additional capital contribution to the Company, acquisition of equity interests of the Company, receipt of the Company’s share dividends or any other reasons shall be included in the Pledged Equities. The Pledgors and the Company shall execute applicable supplementary agreements and/or other documents after the Pledgors obtain such additional equity interests as soon as possible (no later than ten (10) business days after the Pledgors obtain such additional equity interests), and complete the following procedures:

 

a.                            completing the equity pledge registration of such additional equity interests within 20 business days after the execution of such supplementary agreements and/or other relevant documents, and delivering the industry and commerce registration certificate to the Pledgee;

 

b.                            delivering to the Pledgee the capital contribution certificate reflecting the pledge of such equity interests on the execution date of such supplementary agreements and/or other relevant documents;

 

c.                             delivering to the Pledgee the shareholders’ register recording the pledge of the equity interests in respect of such increased capital contributions on the execution date of such supplementary agreements and/or other relevant documents.

 

2.11                                 Subject to Section 2.6 above, if the Pledged Equities could experience material impairment which is capable to prejudice the rights of the Pledgee, the Pledgee may at any time auction or sell the Pledged Equities on behalf of the Pledgors and may, as agreed with the Pledgors, apply the proceeds from such auction or sale towards accelerated repayment of the Secured Indebtedness, or deposit such proceeds with a notary public at the place where the Pledgee is located (any costs thereby incurred shall be entirely borne by the Pledgee). In addition, the Pledgors shall provide other assets as security at the request of the Pledgee.

 

3.                                               Release of Pledge

 

3.1                                        After full and complete performance of all the Contractual Obligations and full repayment of all the Secured Indebtedness by the Pledgors and the Company, or all the Transaction Agreements have been terminated or invalidated, or the Contractual Obligations have been terminated due to legal requirements, the Pledgee shall, at the request of the Pledgors, release the equity pledge under this Agreement and cooperate with the Pledgors to deregister the equity pledge with competent industrial and commercial authority.

 

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4.                                               Disposal of Pledged Equities

 

4.1                                        The Pledgors shall immediately give written notice to the Pledgee, if they know or ought to know any Event of Default which has already occurred or any situation which may trigger the Event of Default.

 

4.2                                        The Parties hereby agree that upon occurrence of any Event of Default, the Pledgee shall be entitled to exercise all rights and power to claim remedies available under the PRC Laws, the Transaction Agreements and this Agreement with written notice to the Pledgors, including without limitation the right to auction or sell the Pledged Equities and to be indemnified in priority with the proceeds thereof. The Pledgee shall not be held liable for any losses from its lawful and reasonable exercise of such rights and power.

 

4.3                                        The Pledgee shall be entitled to appoint in writing its legal advisor or any other agent to exercise any and all of its foregoing rights and power, to which the Pledgors shall not raise any objection.

 

4.4                                        The Pledgee shall be entitled to deduct all reasonable costs actually incurred in connection with its exercise of any or all of its aforesaid rights and power from the proceeds obtained from such exercise of rights and power.

 

4.5                                        The proceeds obtained from the exercise by the Pledgee of its rights and power shall be applied in the following order of precedence:

 

(i)                           payment of all costs arising out of the disposal of the Pledged Equities and the exercise by the Pledgee of its rights and power (including fees paid to its legal advisor and agent);

 

(ii)                        payment of the taxes payable in connection with the disposal of the Pledged Equities; and

 

(iii)                     repayment of the Secured Indebtedness to the Pledgee;

 

and any balance after the deduction of the aforesaid payments shall either be returned by the Pledgee to the Pledgors or any other person who is entitled to such balance under relevant laws and regulations or be deposited with a notary public at the place where the Pledgee is located (any costs thereby incurred shall be entirely borne by the Pledgee).

 

4.6                                        The Pledgee shall have the option to exercise concurrently or successively any of the remedies available to it; the Pledgee shall not be required to exhaust all other remedies available to it prior to auction or sale of the Pledged Equities under this Agreement.  No challenge shall be made by the Pledgors or the Company regardless of whether the Pledgee exercises any part of its Pledge Right or in respect of the order to exercise the Pledge Right by the Pledgee.

 

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5.                                               Fees and Expenses

 

5.1                                        All costs and expenses actually incurred in connection with the creation of the equity pledge under this Agreement, including without limitation the stamp duty, any other taxes and all legal fees, shall be borne by the Pledgors.

 

6.                                               Continuity and No Waiver

 

6.1                                        The Pledged Equities shall be continuous security and shall remain valid until full performance of the Contractual Obligations, or termination or invalidation of all the Transaction Agreements, or termination due to legal requirements, or full repayment of the Secured Indebtedness (whichever is earliest). No waiver or grace period granted by the Pledgee to the Pledgors in respect of any breach or any delay by the Pledgee in exercising any of its rights under the Transaction Agreements and this Agreement shall affect the rights available to the Pledgee under this Agreement, applicable PRC Laws and the Transaction Agreements to demand at any time thereafter strict performance by the Pledgors of the Transaction Agreements and this Agreement, or any of the rights available to the Pledgee arising from any subsequent breach by the Pledgors of the Transaction Agreements and/or this Agreement.

 

7.                                               Representations and Warranties of the Pledgors and the Company

 

The Pledgors and the Company hereby represent and warrant to the Pledgee that:

 

7.1                                        They are natural persons with full civil capacity or a limited liability company lawfully incorporated and existing; they have full and independent legal status and legal capacity and the capacity to execute, deliver and perform this Agreement, and have been duly authorized to execute, deliver and perform this Agreement, and may act as an independent party to any lawsuit.

 

7.2                                        All reports, documents and information provided by the Pledgors and the Company to the Pledgee prior to the date of this Agreement with respect to the Pledgors, the Pledged Equities and all matters required by this Agreement are true and correct in all material respects as of the date of this Agreement.

 

7.3                                        All reports, documents and information provided by the Pledgors and the Company to the Pledgee after the date of this Agreement with respect to the Pledgors, the Pledged Equities and all matters required by this Agreement are true and valid in all material respects as of the date of such provision.

 

7.4                                        As of the date of this Agreement, the Pledgors are the lawful owners of the Pledged Equities free from any existing dispute in relation to the ownership thereof. The Pledgors have the right to dispose of the Pledged Equities or any part thereof.

 

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7.5                                        Other than the security interests created on the Pledged Equities under this Agreement and the rights created under the Transaction Agreements, the Pledged Equities is free from any other security interests or third party rights and interests and any other restrictions. The Pledgors have not transferred or otherwise disposed of any Pledged Equities.

 

7.6                                        The Pledged Equities can be lawfully pledged and transferred, and the Pledgors have full rights and power to pledge the Pledged Equities to the Pledgee in accordance with the terms of this Agreement.

 

7.7                                        Any consents, permissions, waivers or authorizations by any third party or any approvals, licenses or exemptions by or any registration (except for the registration under Section 2.3) or filing formalities with any governmental body (if required by laws), required for the execution and performance of this Agreement and the equity pledge under this Agreement, have been obtained or effected and will remain in full force during the term of this Agreement.

 

7.8                                        The Pledgors and the Company have full power and authority to execute, deliver and perform this Agreement and all other documents to be executed by them/it in connection with the transactions contemplated in this Agreement as well as full power and authority to consummate the transactions contemplated in this Agreement. The execution and performance of this Agreement by the Pledgors and the Company do not violate or conflict with any law applicable to the Pledgors and/or the Company in effect, any agreement to which the Pledgors and/or the Company are a party or by which their assets are bound, any court judgment, any arbitral award, or any decision of any administrative authority. This Agreement is lawfully and duly executed and delivered by the Pledgors and the Company. This Agreement constitutes lawful and binding obligations of the Pledgors and the Company enforceable against them in accordance with the terms of this Agreement.

 

7.9                                        The pledge under this Agreement constitutes a first ranking security interest on the Pledged Equities.

 

7.10                                 All taxes and fees payable in connection with obtaining the Pledged Equities have been paid in full by the Pledgors and/or the Company.

 

7.11                                 There are no pending, or to the knowledge of the Pledgors or the Company threatened suits, arbitrations, or other legal proceedings or claims before any court or arbitral tribunal, or administrative proceedings, or other legal proceedings or claims before any governmental body or administrative authority against the Pledged Equities, the Pledgors or their properties, the Company or its assets, which will have a material or adverse effect on the economic conditions of the Pledgors or the Company or the Pledgors’ ability to perform their obligations and security liability under this Agreement.

 

7.12                                 The Pledgors and the Company hereby warrant to the Pledgee that the representations and warranties made under this Article 7 will remain true and correct and will be fully complied with under all circumstances prior to the full performance of the Contractual Obligations or the full repayment of the Secured Indebtedness.

 

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8.                                               Undertakings by the Pledgors and the Company

 

The Pledgors and the Company hereby undertake to the Pledgee that:

 

8.1                                        Without prior written consent of the Pledgee, the Pledgors shall not create or permit to be created any new pledge or any other security interest or third party right on the Pledged Equities, and any pledge or other security interest or third party right created on all or part of the Pledged Equities without prior written consent of the Pledgee shall be null and void.

 

8.2                                        Except for the transfer of the Pledged Equities to the Pledgee or its designated person under the Exclusive Purchase Right Agreement (including any amendment, supplement or restatement thereto from time to time) executed on the date of this Agreement between the Pledgors and the Pledgee, without prior written notice to and prior written consent of the Pledgee, the Pledgors shall not transfer or otherwise dispose of all or part of the Pledged Equities (including direct or indirect transfer or disposal of the Pledged Equities or relevant rights and interests thereof (and if the Pledgors indirectly hold the Company Equities through any intermediary, they shall not in any manner transfer or dispose of their equity interests and rights and interests thereof in such intermediary, and shall ensure such intermediary will not issue equity interests to any third party)); otherwise all transfer or proposed transfer or disposal in any other manner of the Pledged Equities by the Pledgors shall be null and void. For transfer or disposal in any other manner of the Pledged Equities with written consent of the Pledgee, the proceeds hereby received shall be first applied towards accelerated repayment of the Secured Indebtedness to the Pledgee or being deposited with a third party agreed with the Pledgee.

 

8.3                                        Where any suits, arbitrations or other legal proceedings or claims arise (except those disputes, suits or arbitrations between the Pledgors and the Pledgee) which may have an adverse effect on the Pledgors’ or the Pledgee’s interests or the Pledged Equities under the Transaction Agreements and this Agreement, the Pledgors undertake that they will as soon as practicably and promptly send a written notice to the Pledgee and will, at the reasonable request of the Pledgee, take all necessary measures for the Pledgee to perfect its rights and interests upon the Pledged Equities.

 

8.4                                        The Pledgors and the Company will not conduct or permit to be conducted any act or action which is likely to have an adverse effect on the Pledgee’s interests or the Pledged Equities under the Transaction Agreements and this Agreement. The Pledgors shall waive their right of first refusal upon realization of the Pledge Right by the Pledgee.

 

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8.5                                        The Pledgors and the Company undertake, at the reasonable request of the Pledgee, to take all measures and execute all documents (including without limitation any supplement to this Agreement) necessary for the Pledgee to own and perfect legally and contractually its rights and interests upon the Pledged Equities.

 

8.6                                        If there is any transfer of the Pledged Equities due to the lawful and contractual exercise of the Pledge Right under this Agreement, the Pledgors and the Company undertake to take all reasonable and lawful measures to realize such transfer.

 

8.7                                        The Pledgors and the Company shall ensure that the convening procedures, voting method and contents of the shareholders’ meeting and the meeting of the board of directors (if any) held for the execution of this Agreement, and the creation and exercise of the Pledge Right do not violate the laws, administrative regulations or the articles of association of the Company.

 

8.8                                        Without prior written consent of the Pledgee, the Pledgors shall not transfer any of their rights and obligations under this Agreement.

 

8.9                                        Subject to Section 8.2 of this Agreement, the Pledgors and the Company shall undertake that the representations and warranties in Section 7 made by the Pledgors to the Pledgee will remain true and correct and will be fully complied with under any circumstances at any time prior to the full performance of the Contractual Obligations or the full repayment of the Secured Indebtedness.

 

If, at any time, any promulgation of or amendment to any PRC Laws, regulations or rules, any change in the interpretation or application thereof, or any change in applicable registration procedures makes the Pledgors incapable to perform its representations and warranties made to the Pledgee in Sections 7.8 and 7.9, the Pledgors agree to perform Section 9.1 of this Agreement.

 

8.10                                 Upon occurrence of any Event of Default, if the Pledgors obtain any dividend, bonus or other profit distribution from the Company during the term of this Agreement, they agree to immediately and unconditionally grant such dividend, bonus or other profit distribution (net of any applicable taxes) to the Pledgee or any entity/individual designated by the Pledgee.

 

8.11                                 Upon occurrence of any Event of Default under which the Company shall be dissolved or liquidated pursuant to mandatory requirements of applicable laws, the Pledgors shall, to the extent permitted by the PRC Laws, grant to the Pledgee or any entity/individual designated by it any interests lawfully distributed from the Company (net of any applicable taxes) in accordance with applicable laws after such dissolution or liquidation of the Company.

 

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9.                                               Change of Circumstance

 

9.1                                        As supplement to and without conflict with any other provision of the Transaction Agreements and this Agreement, if at any time any promulgation of or amendment to any PRC Laws, regulations or rules, or any change in the interpretation or application thereof, or any change in applicable registration procedures makes the Pledgee believe that maintaining the validity of this Agreement and/or disposal of the Pledged Equities in the manner prescribed in this Agreement becomes illegal or is in conflict with such laws, regulations or rules, the Pledgors shall effect internal procedures and obtain internal and external authorizations and approvals, in each case necessary to immediately take any actions and/or execute any agreements or other documents at the Pledgee’s written instructions and reasonable request, with the purpose of:

 

(i)                           maintaining the validity of this Agreement;

 

(ii)                        facilitating the disposal of the Pledged Equities in the manner prescribed under this Agreement; and/or

 

(iii)                     maintaining or realizing the security interest created or purported to be created under this Agreement.

 

10.                                        Effectiveness and Term of this Agreement

 

10.1                                 This Agreement shall be formed and become effective upon being signed/sealed by the Parties or their authorized representatives.

 

The Pledgors and the Company shall register the equity pledge under this Agreement with the competent industrial and commercial authority and provide the Pledgee with the equity pledge registration certificate in a form satisfactory to the Pledgee. The Pledgee shall provide full cooperation in connection therewith.

 

10.2                                 The term of this Agreement shall end when the Contractual Obligations are fully performed, or all the Transaction Agreements are terminated, invalid, or terminated due to legal requirements, or the Secured Indebtedness is fully repaid (whichever is the earliest shall prevail), unless otherwise agreed by the Parties.

 

11.                                        Notices

 

11.1                                 Any notice, request, demand and other correspondences required by or made pursuant to this Agreement shall be in writing and delivered to the applicable Party.

 

11.2                                 Notices under this Agreement shall be delivered in person, by facsimile or by registered post to the following addresses unless it is changed by written notifications. The delivery date of the notice shall be the receiving date on the receipt if delivered by registered post, or the date of delivering to the recipient if delivered in person or by facsimile. If delivered by facsimile, the original notice should be immediately sent to the addresses listed in Schedule 2 in person or by registered post after such delivery.

 

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12.                                        Miscellaneous

 

12.1                                 The Pledgors and the Company agree that the Pledgee may, without prior notice to and without prior consent of the Pledgors and the Company, transfer its rights and/or obligations under this Agreement to any third party; however, neither the Pledgors nor the Company shall transfer their rights, obligations or liabilities under this Agreement to any third party without prior written consent of the Pledgee. The successor or permitted assign (if any) of the Pledgors and the Company shall be obligated to continue to perform the Pledgors’ and the Company’s respective obligations under this Agreement.

 

12.2                                 The amount of the Secured Indebtedness determined by the Pledgee at its discretion when exercising its right of pledge with respect to the Pledged Equities in accordance with the terms of this Agreement shall constitute the conclusive evidence for the Secured Indebtedness under this Agreement.

 

12.3                                 This Agreement is made in Chinese in fifteen (15) originals. Each Party shall hold one (1) original, and the remaining one (1) original shall be used for registration of the equity pledge with relevant industry and commerce administration. Other copies are used for relevant procedures. All originals shall have equal legal effect.

 

12.4                                 The entry into, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the PRC Laws.

 

12.5                                 Any dispute arising out of or in connection with this Agreement shall be settled by the Parties through consultations and shall, in the absence of an agreement being reached by the Parties within thirty (30) days from its occurrence, be submitted by any Party to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in accordance with the then effective arbitration rules of CIETAC. The place of arbitration shall be Beijing and the language for arbitration shall be Chinese. The arbitration award shall be final and binding on the Parties to this Agreement.

 

12.6                                 No rights, power or remedies granted to each Party by any provision of this Agreement shall preclude any other rights, power or remedies enjoyed by such Party in accordance with the laws and any other provisions under this Agreement and no exercise by a Party of its rights, power and remedies shall preclude its exercise of its other rights, power and remedies.

 

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12.7                                 No failure or delay by a Party in exercising any rights, power or remedies (“Such Rights”) pursuant to this Agreement or any laws shall operate as waiver of Such Rights; and no single or partial waiver of Such Rights shall preclude such Party from exercising Such Rights in any other manner or from exercising other Such Rights.

 

12.8                                 All the schedules listed in this Agreement constitute an integral part of this Agreement and have equal legal effect as the body text of this Agreement.

 

12.9                                 The headings in this Agreement are for convenience of reference only and shall in no event be used in or affect the interpretation of the provisions of this Agreement.

 

12.10                          Each provision contained in this Agreement shall be severable and independent from any other provisions of this Agreement, and if at any time any one or more provisions of this Agreement become invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby.

 

12.11                          Any amendments or supplements to this Agreement shall be made in writing, and shall take effect only if duly signed/sealed by the Parties of this Agreement.

 

12.12                          This Agreement shall be binding upon the lawful successors of the Parties.

 

[Intentionally left blank below]

 

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IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgee: Shanghai Jing Xue Rui Information and Technology Co., Ltd. (seal)

 

	
Signature:
    	
/s/ Meng Xiaoqiang
    	
 
    
	
 
    	
 
    	
 
    
	
Name: Meng   Xiaoqiang
    

 

Company: Shanghai OneSmart Education and Training Co., Ltd. (seal)

 

	
Signature:
    	
/s/ Zhang Xi
    	
 
    
	
 
    	
 
    	
 
    
	
Name: Zhang Xi
    

 

Position:

 

Pledgor:

 

Zhang Xi

 

	
Signature:
    	
/s/ Zhang Xi
    	
 
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Shanghai Ruidao Investment Center (Limited Partnership) (Seal)

 

	
Signature of   authorized representative: 
    	
/s/ Shen Tianhao
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Shanghai Yuming Investment Center (Limited Partnership) (Seal)

 

	
Signature of   authorized representative:
    	
/s/ Cao Shaojun
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Shanghai Shaojun Investment Center (Limited Partnership) (Seal)

 

	
Signature of   authorized representative:
    	
/s/ Cao Shaojun
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Shanghai Ruici Investment Center (Limited Partnership) (Seal)

 

	
Signature of authorized   representative:
    	
/s/ Meng Xiaoqiang
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Shanghai Ruiqiang Investment Center (Limited Partnership) (Seal)

 

	
Signature of   authorized representative: 
    	
/s/ Meng Xiaoqiang
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Hu Guozhi

 

	
Signature: 
    	
/s/ Hu Guozhi
    	
 
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Zheng Lina

 

	
Signature: 
    	
/s/ Zheng Lina
    	
 
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

	
Pledgor:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Wang Dongdong
    	
 
    	
Geng Xiaofei
    
	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Wang Dongdong
    	
 
    	
Signature:
    	
/s/ Geng Xiaofei
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Wu Junbao
    	
 
    	
Li Ye
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Wu Junbao
    	
 
    	
Signature:
    	
/s/ Li Ye
    
	
 
    	
 
    	
 
    	
 
    
	
Bian   Jin
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Bian Jin
    	
 
    	
 
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Chen Guohe

 

	
Signature: 
    	
/s/ Chen Guohe
    	
 
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Chen Gang

 

	
Signature: 
    	
/s/ Chen Gang
    	
 
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Feng Juan

 

	
Signature: 
    	
/s/ Feng Juan
    	
 
    

 

Signature Page to Equity Pledge Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

Pledgor:

 

Sha Ye

 

	
Signature:
    	
/s/ Sha Ye
    	
 
    

 

Signature Page to Equity Pledge Agreement

 

 

Schedule 1 Basic Information of the Company

 

Company Name: Shanghai OneSmart Education and Traning Co., Ltd.

 

Shareholding Structure:

 

	
Name of the Shareholder
    	
 
    	
Amount of Capital
   Contribution
   (RMB/Yuan)
    	
 
    	
Shareholding
   Percentage
    	
 
    
	
Zhang Xi
    	
 
    	
17,000,000
    	
 
    	
28.9300
    	
%
    
	
Hu Guozhi
    	
 
    	
1,968,645
    	
 
    	
3.3500
    	
%
    
	
Chen Gang
    	
 
    	
5,303,689
    	
 
    	
9.0256
    	
%
    
	
Chen Guohe
    	
 
    	
2,416,794
    	
 
    	
4.1128
    	
%
    
	
Feng Juan
    	
 
    	
235,049
    	
 
    	
0.4000
    	
%
    
	
Geng Xiaofei
    	
 
    	
7,381,291
    	
 
    	
12.5612
    	
%
    
	
Wang Dongdong
    	
 
    	
2,372,287
    	
 
    	
4.0371
    	
%
    
	
Wu Junbao
    	
 
    	
2,372,287
    	
 
    	
4.0371
    	
%
    
	
Li Ye
    	
 
    	
527,100
    	
 
    	
0.8970
    	
%
    
	
Bian Jin
    	
 
    	
527,100
    	
 
    	
0.8970
    	
%
    
	
Zheng Lina
    	
 
    	
13,180,065
    	
 
    	
22.4294
    	
%
    
	
Sha Ye
    	
 
    	
2,651,844
    	
 
    	
4.5128
    	
%
    
	
Shanghai Yuming Investment Center (Limited   Partnership)
    	
 
    	
645,558
    	
 
    	
1.0986
    	
%
    
	
Shanghai Shaojun Investment Center (Limited   Partnership)
    	
 
    	
450,000
    	
 
    	
0.7658
    	
%
    
	
Shanghai Ruidao Investment Center (Limited   Partnership)
    	
 
    	
350,000
    	
 
    	
0.5956
    	
%
    
	
Shanghai Ruici Investment Center (Limited   Partnership)
    	
 
    	
1,175,251
    	
 
    	
2.0000
    	
%
    
	
Shanghai Ruiqiang Investment Center (Limited   Partnership)
    	
 
    	
205,668
    	
 
    	
0.3500
    	
%
    
	
Total
    	
 
    	
58,762,528
    	
 
    	
100
    	
%
    

 

Schedule 1 to Equity Pledge Agreement

 

 

Schedule 2 Notice

 

Pledgee: Shanghai Jing Xue Rui Information and Technology Co., Ltd.

Registered Address: ***

Tel: ***

Recipient: Zhang Xi

 

The Company and the Pledgor Zhang Xi, Shanghai Yuming Investment Center (Limited Partnership), Shanghai Shaojun Investment Center (Limited Partnership), Shanghai Ruidao Investment Center (Limited Partnership), Shanghai Ruici Investment Center (Limited Partnership), Shanghai Ruiqiang Investment Center (Limited Partnership)

 

Domicile: ***

Tel: ***

Recipient: Zhang Xi

 

Pledgor: Hu Guozhi

Domicile: ***

Recipient: Hu Guozhi

 

Pledgor: Geng Xiaofei

Domicile: ***

Tel: ***

Recipient: Geng Xiaofei

 

Pledgor: Wang Dongdong

Domicile: ***

Tel: ***

Recipient: Wang Dongdong

 

Pledgor: Wu Junbao

Domicile: ***

Tel: ***

Recipient: Wu Junbao

 

Pledgor: Li Ye

Domicile: ***

Tel: ***

Recipient: Li Ye

 

Schedule 2 to Equity Pledge Agreement

 

 

Pledgor: Bian Jin

Domicile: ***

Tel: ***

Recipient: Bian Danyang

 

Pledgor: Zheng Lina

Domicile: ***

Recipient: Zheng Lina

 

Pledgor: Chen Gang

Domicile: ***

Tel: ***

Recipient: Chen Gang

 

Pledgor: Chen Guohe

Domicile: ***

Tel: ***

Recipient: Chen Guohe

 

Pledgor: Feng Juan

Domicile: ***

Recipient: Feng Juan

 

Pledgor: Sha Ye

Domicile: ***

Recipient: Sha Ye

 

Schedule 2 to Equity Pledge AgreementExhibit 10.7

 

[English Translation]

 

Shareholders’ Voting Rights Agreement

 

This Shareholders’ Voting Rights Agreement (“Agreement”) is entered into by and among the following parties on September 17, 2017:

 

1.                                               Shareholders of Shanghai OneSmart Education and Training Co., Ltd. listed in Schedule 1 (“Shareholders”)

 

2.                                               Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”)

 

Registered Address:

 

Legal Representative: Meng Xiaoqiang

 

3.                                               Shanghai OneSmart Education and Training Co., Ltd. (“Company”)

 

Registered Address:

 

Legal Representative: Fan Yaozu

 

(In this Agreement, each a “Party”, collectively the “Parties”.)

 

WHEREAS:

 

1.                                               The Shareholders are the shareholders currently on record of the Company, aggregately holding 100% of the equity interests in the Company. Upon the execution date of this Agreement, their contributions to the registered capital of the Company and proportions of shareholding are set out in Schedule 1 to this Agreement.

 

2.                                               The Shareholders executed an equity pledge agreement regarding the aforesaid equity interests with the WFOE on the same date of this Agreement.

 

3.                                               The Shareholders intend to entrust the WFOE or the individual designated by the WFOE to exercise all their shareholders’ voting rights in the Company (including the shareholders’ voting rights resulting from any form of capital increase during the term of this Agreement), and the WFOE or its designated individual intends to accept such entrustment.

 

 

THEREFORE, upon friendly discussions, the Parties agree as follows:

 

1.                                               Voting Rights Entrustment

 

1.1                                        The Shareholders each hereby irrevocably authorize, in respect of all their equity interests in the Company, the WFOE or the person then designated by the WFOE (“Proxy”) to exercise on their behalf and at the Proxy’s own discretion the following rights they are respectively entitled to as shareholders of the Company and in accordance with the then effective articles of association of the Company (“Proxy Rights”), and undertake to immediately and respectively execute a Power of Attorney in the form and substance of Schedule 2 to this Agreement immediately after the WFOE’s designation of other person other than the WFOE as the Proxy:

 

1.1.1                              as the proxy of each Shareholder, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

1.1.2                              on behalf of each Shareholder, exercising voting rights on all issues required to be discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders, and the sale or transfer of all or part of the Shareholder’s equity interests in the Company;

 

1.1.3                              as the proxy of each Shareholder and on behalf of such Shareholder, executing any document (including any necessary documents to be executed by and among relevant parties for transfer in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time) or disposal of equity interests in other manner  ) that the Shareholder is entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures;

 

1.1.4                              other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

1.1.5                              other shareholders’ voting rights entitled to the Shareholders under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of this Agreement).

 

2

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid  issues without prior notice to or prior consent of the relevant Shareholder. When and only when the WFOE issues a written notice to each Shareholder to replace the Proxy, each Shareholder shall immediately appoint the other Proxy then appointed by the WFOE to exercise the aforesaid Proxy Rights, and the new entrustment, once made, will replace the original entrustment, and each Shareholder shall respectively execute a power of attorney in the form and substance attached to this Agreement as Schedule 2 to the Proxy newly appointed by the WFOE; other than the aforesaid, each Shareholder shall not revoke the entrustment and authorization granted to the Proxy.

 

1.2                                        The WFOE will cause the Proxy to carefully and diligently perform the entrusted duties within the scope of authorization under this Agreement in accordance with relevant laws; all the documents executed by the Proxy on the aforesaid issues shall be deemed as executed by each Shareholder themselves; each Shareholder acknowledges and assumes corresponding liabilities for any legal consequences arising out of the exercise of the aforesaid Proxy Rights by the Proxy.

 

1.3                                        Each Shareholder hereby acknowledges that the Proxy is not required to seek the opinions of each Shareholder when exercising the aforesaid Proxy Rights, provided that the Proxy shall timely inform each Shareholder after each resolution or proposal of convening an extraordinary shareholders’ meeting is made. The Proxy shall provide the relevant minutes of the meetings and resolutions to the Shareholders after such shareholders’ meetings or the adoption of such resolutions.

 

1.4                                        Each Shareholder hereby undertakes that after the execution of this Agreement, they will authorize the Proxy to exercise all shareholders’ rights entitled to them, regardless of any change in their proportions of shareholding in the Company, and they shall not exercise the Proxy Rights on their own without prior written consent of the WFOE.

 

2.                                               Right to Information

 

2.1                                        For the purpose of exercising the Proxy Rights under this Agreement, the Proxy is entitled to be informed of the operation, business, customers, finance, employees and other relevant information of the Company and to access relevant materials of the Company; the Company shall, and the Shareholders shall cause the Company to, provide full cooperation with respect to such right.

 

3

 

3.                                               Exercise of the Proxy Rights

 

3.1                                        Each Shareholder shall provide full assistance in respect of the exercise of the Proxy Rights by the Proxy, including, when necessary (for example, in order to meet the requirements of submission documents needed for approval of, registration and filing with governmental authorities), timely executing the resolutions of the shareholders’ meeting adopted by the Proxy or other relevant legal documents.

 

3.2                                        If at any time during the term of this Agreement, the grant or exercise of the Proxy Rights under this Agreement cannot be realized for any reason (other than a breach of contract by the Shareholders or the Company), the Parties shall immediately seek an alternative scheme most similar to the provisions which cannot be realized and shall execute a supplementary agreement when necessary to amend or modify the terms of this Agreement so that the purpose of this Agreement can continue to be fulfilled.

 

3.3                                        If at any time during the term of this Agreement, the Shareholders sell or transfer all or part of their equity interests to any third party with consent of the WFOE, the Shareholders shall ensure the aforesaid third party will execute, before the closing of such equity transfer, an agreement in the form and substance basically the same with those of this Agreement, unless the WFOE waives such requirement through prior written consent.

 

4.                                               Exemption of Liability and Compensation

 

4.1                                        The Parties acknowledge that under no circumstances shall the WFOE be required to assume any liability or make any economic compensation or compensation in other aspects to the other Parties or to any third party in respect of the exercise of the Proxy Rights under this Agreement by the WFOE’s designated Proxy.

 

4.2                                        The Shareholders and the Company agree to indemnify the WFOE against all actual or potential losses arising from the designated Proxy’s exercise of the Proxy Rights and prevent the WFOE from any damages, including without limitation any losses incurred by litigations, recovery, arbitrations or claims for compensation initiated by any third party against the WFOE, or administration investigations or penalties of governmental authorities, except for those losses resulting from the Proxy’s willful conduct or gross negligence.

 

5.                                               Representations and Warranties

 

5.1                                        The Shareholders hereby represent and warrant that:

 

5.1.1                              They are natural persons with full civil capacity; they have full and independent legal status and legal capacity, and have been duly authorized to execute, deliver and perform this Agreement, and may sue or be sued as an independent party.

4

 

 

5.1.2                              They have full power and authority to execute and deliver this Agreement and all other documents to be executed by them in connection with the transactions contemplated in this Agreement as well as full power and authority to consummate the transactions contemplated in this Agreement. This Agreement is lawfully and duly executed and delivered by them. This Agreement constitutes lawful and binding obligations enforceable against them in accordance with the terms of this Agreement.

 

5.1.3                              They are lawful shareholders on record of the Company as of the date of this Agreement; other than the rights created under this Agreement, the Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time) and the Exclusive Purchase Right Agreement (including any amendment, supplement or restatement thereto from time to time) executed by and among the Shareholders, the Company and the WFOE, the Proxy Rights are free from any third party rights. In accordance with this Agreement, the Proxy may fully and sufficiently exercise the Proxy Rights under the then effective articles of association of the Company.

 

5.1.4                              The execution and performance of this Agreement by them do not violate or conflict with any law applicable to them in effect, any agreement to which they are a party or by which their assets are bound, any court judgment, any arbitral award, or any decision of any administrative authority.

 

5.2                                        The WFOE and the Company hereby respectively represent and warrant that:

 

5.2.1                              Each of them is a limited liability company duly registered and lawfully existing under the laws of its place of registration with independent legal personality; it has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and has been duly authorized to execute, deliver and perform this Agreement, and may sue or be sued as an independent party.

 

5.2.2                              Each of them has full internal corporate power and authority to execute and deliver this Agreement and all other documents to be executed by it in connection with the transactions contemplated in this Agreement as well as full power and authority to consummate the transactions contemplated in this Agreement. This Agreement is lawfully and duly executed and delivered by it. The execution and performance of this Agreement by it do not violate or conflict with any law applicable to it in effect, any agreement to which it is a party or by which its assets are bound, any court judgment, any arbitral award, or any decision of any administrative authority. This Agreement constitutes lawful and binding obligations enforceable against it in accordance with the terms of this Agreement.

 

5

 

5.2.3                              Each of them warrants that the Proxy will fully and timely complies with and performs the provisions in respect of the Proxy under this Agreement, as if the Proxy were a party to this Agreement.

 

5.3                                        The Company further represents and warrants that:

 

5.3.1                              The Shareholders are lawful shareholders on record of the Company as of the date of this Agreement; other than the rights created under this Agreement, the Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time) and the Exclusive Purchase Right Agreement (including any amendment, supplement or restatement thereto from time to time) executed by and among the Shareholders, the Company and the WFOE, the Proxy Rights are free from any third party rights. In accordance with this Agreement, the Proxy may fully and sufficiently exercise the Proxy Rights under the then effective articles of association of the Company.

 

6.                                               Term of Agreement

 

6.1                                        This Agreement shall be formed and become effective after being executed/sealed by the Parties or their authorized representatives; unless terminated in advance by written agreement of the Parties, or terminated in advance in accordance with Section 9.1 of this Agreement, this Agreement shall remain effective.

 

6.2                                        If any of the Shareholders transfers, with prior consent of the WFOE, all his/her/its equity interests in the Company, such Shareholder shall cease to be a party to this Agreement, provided that the obligations and undertakings of the other Parties under this Agreement shall not be adversely affected thereby, and each Shareholder permitted to transfer his/her/its equity interests shall cause and warrant that his/her/its transferee will continue to perform the obligations of such Shareholder under this Agreement.

 

7.                                               Notice

 

7.1                                        Any notice, request, demand and other correspondences required by or made pursuant to this Agreement shall be made in writing and delivered to the relevant Parties.

 

6

 

7.2                                        Notices under this Agreement shall be delivered in person, by facsimile or by registered post to the following addresses unless changed by written notifications. The delivery date of the notice shall be the receiving date on the receipt if delivered by registered post, or the date of delivering to the recipient if delivered in person or by facsimile. If delivered by facsimile, the original notice should be immediately sent to the addresses listed in Schedule 3 in person or by registered post after such delivery.

 

8.                                               Confidentiality Obligations

 

8.1                                        During the term of this Agreement and after the termination of this Agreement, the Parties shall maintain the business secrets, exclusive information, customer information and all other information with confidential nature regarding other Parties obtained during the entry into and performance of this Agreement (“Confidential Information”) in strict confidence. Except where prior written consent has been obtained from the Party disclosing the Confidential Information or where disclosure to a third party is mandated by relevant laws and regulations or by the requirements of the listing place of a Party’s affiliate, or where the disclosure is made during the proceedings of any suit, arbitration or other legal proceedings or made, in relation to the aforesaid legal proceedings, to the courts, arbitration institutions, or relevant implementation or regulatory authorities of the legal proceedings, the Party receiving the Confidential Information shall not disclose any Confidential Information to any other third party; the Party receiving the Confidential Information shall not directly or indirectly use any Confidential Information other than for the purpose of performing this Agreement.

 

8.2                                        The following information shall not constitute Confidential Information:

 

8.2.1                              any information that has already been previously obtained by the receiving Party in a lawful manner as proved by written records;

 

8.2.2                              any information that enters the public domain not due to the fault of the receiving Party; or

 

8.2.3                              any information lawfully acquired by the receiving Party from other sources after the receipt of relevant information.

 

8.3          A receiving Party may disclose the Confidential Information to its or its related parties’ relevant employees, agents, lenders or potential lenders (including the agents or trustees of the lenders), financing arrangers or potential financing arrangers or their appointed professionals, provided that such receiving Party shall ensure that the aforesaid persons comply with relevant terms and conditions of this Agreement or (as for any lenders (including the agents or trustees of the lenders) or the financing arrangers) relevant terms and conditions of the separately executed confidentiality agreements, and the receiving Party shall assume any liability arising out of the breach by the aforesaid persons of such relevant terms and conditions.

 

7

 

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

 

9.                                               Liability for Default

 

9.1                                        The Parties agree and acknowledge that if any Party (“Defaulting Party”) materially breaches any provision of this Agreement, or materially fails to perform or delays in performing any obligation under this Agreement, it shall constitute a default under this Agreement (“Default”) and each of the non-defaulting Parties (“Non-defaulting Parties”) shall be entitled to request the Defaulting Party to cure such Default or take remedies within a reasonable time period. If the Defaulting Party fails to cure such Default or take remedies within such reasonable time period or within ten (10) days after the other Party notifies the Defaulting Party in writing and requests it to cure such Default, then:

 

9.1.1                              If any Shareholder or the Company is the Defaulting Party, the WFOE shall be entitled to terminate this Agreement and request the Defaulting Party to indemnify it for damages, or to request the Defaulting Party to continue to perform its obligations under this Agreement and to request the Defaulting Party to indemnify it for all the damages;

 

9.1.2                              If the WFOE is the Defaulting Party, the Non-defaulting Parties shall be entitled to request the WFOE to indemnify it for damages, provided that unless otherwise stipulated by laws or this Agreement or agreed by the Parties, the Non-defaulting Parties shall not be entitled to terminate or cancel this Agreement under any circumstances.

 

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

 

10.                                        Miscellaneous

 

10.1                                 This Agreement is made in Chinese in fifteen (15) originals. Each Party to this Agreement shall hold one (1) copy and other copies are used for relevant procedures. All originals shall have equal legal effect.

 

10.2                                 The entry into, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the laws of the People’s Republic of China.

 

8

 

10.3                                 Any dispute arising out of and in connection with this Agreement shall be settled by the Parties through consultations and shall, in the absence of an agreement being reached by the Parties within thirty (30) days from its occurrence, be submitted by any Party to China International Economic and Trade Arbitration Commission (“CIETAC”) for arbitration in accordance with the then effective arbitration rules of CIETAC. The place of arbitration shall be Beijing and the language for arbitration shall be Chinese. The arbitration award shall be final and binding on the Parties to this Agreement.

 

10.4                                 No rights, power or remedies granted to each Party by any provision of this Agreement shall preclude any other rights, power or remedies enjoyed by such Party in accordance with the laws or any other provisions under this Agreement and no exercise by a Party of any of its rights, powers and remedies shall preclude its exercise of its other rights, power and remedies.

 

10.5                                 No failure or delay by a Party in exercising any rights, power or remedies pursuant to this Agreement or any laws (“Such Rights”) shall result in a waiver of Such Rights; and no single or partial waiver of Such Rights shall preclude such Party from exercising Such Rights in any other manner or from exercising other Such Rights.

 

10.6                                 All the schedules listed in this Agreement constitute an integral part of this Agreement and have equal legal effect as the body text of this Agreement.

 

10.7                                 The section headings in this Agreement are for convenience of reference only and shall in no event be used in or affect the interpretation of the provisions of this Agreement.

 

10.8                                 Each provision contained in this Agreement shall be severable and independent from any other provisions of this Agreement, and if at any time any one or more provisions of this Agreement become invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions of this Agreement shall not be affected thereby.

 

10.9                                 Any amendments or supplements to this Agreement shall be made in writing, and shall take effect only if duly executed/sealed by the Parties to this Agreement. Notwithstanding as otherwise agreed in this Agreement, without prior written consent of the WFOE, any Shareholder shall not revoke its entrustment of the Proxy Rights under this Agreement and any Shareholder and the Company shall not terminate this Agreement. Notwithstanding the aforesaid, the WFOE can at any time terminate this Agreement by sending a written notice to the Shareholders and the Company thirty (30) days in advance.

 

9

 

10.10                          Without prior written consent of the WFOE, other Parties shall not transfer any of their rights and/or obligations under this Agreement to any third party. The Shareholders and the Company hereby agree that the WFOE is entitled to transfer any of its rights and/or obligations under this Agreement to any third party without prior notice to or consent of relevant Shareholders or the Company.

 

10.11                          This Agreement shall be binding upon the lawful successors of the Parties.

 

[Intentionally left blank below]

 

10

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Party A: Shanghai Jing Xue Rui Information and Technology Co., Ltd. (seal)

 

 

	
Signature:
    	
/s/ Meng Xiaoqiang
    	
 
    
	
 
    	
 
    
	
Name:
    	
 
    	
 
    
				

 

 

Company: Shanghai OneSmart Education and Training Co., Ltd. (seal)

 

 

	
Signature:
    	
/s/ Zhang Xi
    	
 
    
	
 
    
	
Authorized Representative:
    	
 
    

 

 

Shareholder:

 

Zhang Xi

 

 

	
Signature:
    	
/s/ Zhang Xi
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Shanghai Ruidao Investment Center (Limited Partnership) (Seal)

 

 

	
Signature of   authorized representative:
    	
/s/ Shen Tianhao
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Shanghai Yuming Investment Center (Limited Partnership) (Seal)

 

 

	
Signature of   authorized representative:
    	
/s/ Cao Shaojun
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Shanghai Shaojun Investment Center (Limited Partnership) (Seal)

 

 

	
Signature of   authorized representative:
    	
/s/ Xu Yanhua
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Shanghai Ruici Investment Center (Limited Partnership) (Seal)

 

 

	
Signature of   authorized representative:
    	
/s/ Meng Xiaoqiang
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Shanghai Ruiqiang Investment Center (Limited Partnership) (Seal)

 

 

	
Signature of   authorized representative:
    	
/s/ Meng Xiaoqiang
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Hu Guozhi

 

 

	
Signature:
    	
/s/ Hu Guozhi
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Zheng Lina

 

 

	
Signature:
    	
/s/ Zheng Lina
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

	
Shareholder:
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Wang   Dongdong
    	
 
    	
Geng   Xiaofei
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Wang Dongdong
    	
 
    	
Signature:
    	
/s/ Geng Xiaofei
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Wu   Junbao 
    	
 
    	
Li   Ye  
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Wu Junbao 
    	
 
    	
Signature:
    	
/s/ Li Ye
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
Bian   Jin  
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
Signature:
    	
/s/ Bian Jin
    	
 
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Chen Guohe

 

 

	
Signature:
    	
/s/ Chen Guohe
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Chen Gang

 

 

	
Signature:
    	
/s/ Chen Gang
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Feng Juan

 

 

	
Signature:
    	
/s/ Feng Juan
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

IN WITNESS WHEREOF, this Agreement has been executed by the duly authorized representatives of the Parties as of the date first above written.

 

 

Shareholder:

 

Sha Ye

 

 

	
Signature:
    	
/s/ Sha Ye
    	
 
    

 

Signature Page to Shareholders’ Voting Rights Agreement

 

 

Schedule 1 Basic Information of the Company

 

Company Name: Shanghai OneSmart Education and Training Co., Ltd.

 

Shareholding Structure:

 

	
Name of the Shareholder
    	
 
    	
 
    	
Amount of Capital
   Contribution
   (RMB/Yuan)
    	
 
    	
 
    	
Shareholding
   Percentage
    
	
Zhang Xi
    	
 
    	
 
    	
17,000,000
    	
 
    	
 
    	
28.9300%
    
	
Hu Guozhi
    	
 
    	
 
    	
1,968,645
    	
 
    	
 
    	
3.3500%
    
	
Chen Gang
    	
 
    	
 
    	
5,303,689
    	
 
    	
 
    	
9.0256%
    
	
Chen Guohe
    	
 
    	
 
    	
2,416,794
    	
 
    	
 
    	
4.1128%
    
	
Feng Juan
    	
 
    	
 
    	
235,049
    	
 
    	
 
    	
0.4000%
    
	
Geng Xiaofei
    	
 
    	
 
    	
7,381,291
    	
 
    	
 
    	
12.5612%
    
	
Wang Dongdong
    	
 
    	
 
    	
2,372,287
    	
 
    	
 
    	
4.0371%
    
	
Wu Junbao
    	
 
    	
 
    	
2,372,287
    	
 
    	
 
    	
4.0371%
    
	
Li Ye
    	
 
    	
 
    	
527,100
    	
 
    	
 
    	
0.8970%
    
	
Bian Jin
    	
 
    	
 
    	
527,100
    	
 
    	
 
    	
0.8970%
    
	
Zheng Lina
    	
 
    	
 
    	
13,180,065
    	
 
    	
 
    	
22.4294%
    
	
Sha Ye
    	
 
    	
 
    	
2,651,844
    	
 
    	
 
    	
4.5128%
    
	
Shanghai Yuming Investment Center (Limited   Partnership)
    	
 
    	
 
    	
645,558
    	
 
    	
 
    	
1.0986%
    
	
Shanghai Shaojun Investment Center (Limited   Partnership)
    	
 
    	
 
    	
450,000
    	
 
    	
 
    	
0.7658%
    
	
Shanghai Ruidao Investment Center (Limited   Partnership)
    	
 
    	
 
    	
350,000
    	
 
    	
 
    	
0.5956%
    
	
Shanghai Ruici Investment Center (Limited   Partnership)
    	
 
    	
 
    	
1,175,251
    	
 
    	
 
    	
2.0000%
    
	
Shanghai Ruiqiang Investment Center (Limited   Partnership)
    	
 
    	
 
    	
205,668
    	
 
    	
 
    	
0.3500%
    
	
Total
    	
 
    	
 
    	
58,762,528
    	
 
    	
 
    	
100%
    

 

Schedule 1 to Shareholders’ Voting Rights Agreement

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Zhang Xi (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Zhang Xi, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

Schedule 2 to Shareholders’ Voting Rights Agreement

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Zhang Xi
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Hu Guozhi (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Hu Guozhi, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Hu Guozhi
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Chen Gang (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Chen Gang, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of  the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Chen Gang
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Chen Guohe (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Chen Guohe, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of  the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Chen Guohe
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Feng Juan (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Feng Juan, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of  the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Feng Juan
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Geng Xiaofei (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Geng Xiaofei, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Geng Xiaofei
    
	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Wang Dongdong (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Wang Dongdong, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Wang Dongdong
    
	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Wu Junbao (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Wu Junbao, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Wu Junbao
    
	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ], 2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Li Ye (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Li Ye, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Li Ye
    
	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Bian Jin (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Bian Jin, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Bian Jin
    
	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Zheng Lina (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Zheng Lina, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Zheng Lina
    
	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Sha Ye (ID Number: ) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

I, Sha Ye, hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as my proxy and at the Proxy’s own discretion, the following rights I enjoy as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as my proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as my proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as my proxy and on my behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that I am entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on my behalf;

 

(4)                                          as my proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to me or prior consent of mine.

 

 

I hereby irrevocably confirm that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to me requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Sha Ye
    
	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    
	
 
    	
Date: [ ] [ ],   2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Shanghai Yuming Investment Center (Limited Partnership) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

Our enterprise, Shanghai Yuming Investment Center (Limited Partnership), hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as our enterprise’s proxy and at the Proxy’s own discretion, the following rights enjoyed by our enterprise as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as our enterprise’s proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as our enterprise’s proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as our enterprise’s proxy and on our enterprise’s behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that our enterprise is entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on our enterprise’s behalf;

 

(4)                                          as our enterprise’s proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to or prior consent of our enterprise.

 

 

Our enterprise hereby irrevocably confirms that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to our enterprise requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Shanghai   Yuming Investment Center (Limited Partnership)
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Authorized   Representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Date:
    	
[ ] [ ], 2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Shanghai Shaojun Investment Center (Limited Partnership) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

Our enterprise, Shanghai Shaojun Investment Center (Limited Partnership), hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as our enterprise’s proxy and at the Proxy’s own discretion, the following rights enjoyed by our enterprise as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as our enterprise’s proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as our enterprise’s proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as our enterprise’s proxy and on our enterprise’s behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that our enterprise is entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on our enterprise’s behalf;

 

(4)                                          as our enterprise’s proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to or prior consent of our enterprise.

 

 

Our enterprise hereby irrevocably confirms that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to our enterprise requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Shanghai   Shaojun Investment Center (Limited Partnership)
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Authorized   Representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Date:
    	
[ ] [ ], 2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Shanghai Ruidao Investment Center (Limited Partnership) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

Our enterprise, Shanghai Ruidao Investment Center (Limited Partnership), hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as our enterprise’s proxy and at the Proxy’s own discretion, the following rights enjoyed by our enterprise as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as our enterprise’s proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as our enterprise’s proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as our enterprise’s proxy and on our enterprise’s behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that our enterprise is entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on our enterprise’s behalf;

 

(4)                                          as our enterprise’s proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to or prior consent of our enterprise.

 

 

Our enterprise hereby irrevocably confirms that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to our enterprise requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Shanghai   Ruidao Investment Center (Limited Partnership)
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Authorized   Representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Date:
    	
[ ] [ ], 2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Shanghai Ruici Investment Center (Limited Partnership) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

Our enterprise, Shanghai Ruici Investment Center (Limited Partnership), hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as our enterprise’s proxy and at the Proxy’s own discretion, the following rights enjoyed by our enterprise as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as our enterprise’s proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as our enterprise’s proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as our enterprise’s proxy and on our enterprise’s behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that our enterprise is entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on our enterprise’s behalf;

 

(4)                                          as our enterprise’s proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to or prior consent of our enterprise.

 

 

Our enterprise hereby irrevocably confirms that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to our enterprise requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Shanghai   Ruici Investment Center (Limited Partnership)
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Authorized   Representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Date:
    	
[ ] [ ], 2017
    

 

 

Schedule 2:

 

Power of Attorney

 

This power of attorney (“Power of Attorney”), executed by Shanghai Ruiqiang Investment Center (Limited Partnership) on [ ] [ ], 2017, is being issued in favor of [ ] (Domicile: [ ], ID Number/Registered Number: [ ]) (“Proxy”).

 

Our enterprise, Shanghai Ruiqiang Investment Center (Limited Partnership), hereby grant to the Proxy a general proxy power authorizing the Proxy to exercise as our enterprise’s proxy and at the Proxy’s own discretion, the following rights enjoyed by our enterprise as a shareholder of Shanghai OneSmart Education and Training Co., Ltd. (“Company”):

 

(1)                                          as our enterprise’s proxy, proposing to convene and attending the shareholders’ meetings in accordance with the articles of association of the Company;

 

(2)                                          as our enterprise’s proxy, exercising voting rights on all issues discussed and resolved by the shareholders’ meeting, including without limitation the appointment and election of the Company’s directors and other senior management who shall be appointed and removed by the shareholders’ meeting;

 

(3)                                          as our enterprise’s proxy and on our enterprise’s behalf, executing any document (including any necessary documents to be executed by and among relevant parties for transfer or disposal in other manner of equity interests in accordance with the Exclusive Purchase Right Agreement and Equity Pledge Agreement (including any amendment, supplement or restatement thereto from time to time)) that our enterprise is entitled to execute as a shareholder, and handling any required governmental approval, registration, filing and other procedures on our enterprise’s behalf;

 

(4)                                          as our enterprise’s proxy, exercising other shareholders’ voting rights under the articles of association of the Company (including any other shareholders’ voting rights stipulated after an amendment to such articles of association);

 

(5)                                          other shareholders’ voting rights the Shareholders are entitled to under the laws and regulations of the People’s Republic of China (including the contents thereof as modified, amended, supplemented or reenacted, effective before or after the date of issuance of this Power of Attorney).

 

The Proxy has the right to sub-entrust and is entitled to sub-entrust other individual or entity regarding the handling of the aforesaid issues without prior notice to or prior consent of our enterprise.

 

 

Our enterprise hereby irrevocably confirms that unless Shanghai Jing Xue Rui Information and Technology Co., Ltd. (“WFOE”) issues an instruction to our enterprise requesting the replacement of the Proxy, this Power of Attorney shall remain valid until the expiry or advance termination of the Shareholders’ Voting Rights Agreement (including any amendment or restatement thereto), executed by and among the WFOE, the Company and each shareholder of the Company on [ ] [ ], 2017.

 

This Letter is hereby issued.

 

	
 
    	
Shanghai   Ruiqiang Investment Center (Limited Partnership)
    
	
 
    	
 
    	
 
    
	
 
    	
Signature:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Authorized   Representative:
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
Date:
    	
[ ] [ ], 2017
    

 

 

Schedule 3:

 

Notice

 

Party A: Shanghai Jing Xue Rui Information and Technology Co., Ltd.

 

Registered Address:

 

Tel:

 

Recipient: Zhang Xi

 

The Company and the Shareholders Zhang Xi, Shanghai Yuming Investment Center (Limited Partnership), Shanghai Shaojun Investment Center (Limited Partnership), Shanghai Ruidao Investment Center (Limited Partnership), Shanghai Ruici Investment Center (Limited Partnership), Shanghai Ruiqiang Investment Center (Limited Partnership)

 

Domicile:

 

Tel:

 

Recipient: Zhang Xi

 

 

Shareholder: Hu Guozhi

 

Domicile:

 

Recipient: Hu Guozhi

 

 

Shareholder: Geng Xiaofei

 

Domicile:

 

Tel:

 

Recipient: Geng Xiaofei

 

 

Shareholder: Wang Dongdong

 

Domicile:

 

Tel:

 

Recipient: Wang Dongdong

 

 

Shareholder: Wu Junbao

 

Domicile:

 

Tel:

 

Recipient: Wu Junbao

 

Schedule 3 to Shareholders’ Voting Rights Agreement

 

 

Shareholder: Li Ye

 

Domicile:

 

Tel:

 

Recipient: Li Ye

 

 

Shareholder: Bian Jin

 

Domicile:

 

Tel:

 

Recipient: Bian Danyang

 

 

Shareholder: Zheng Lina

 

Domicile:

 

Recipient: Zheng Lina

 

 

Shareholder: Chen Gang

 

Domicile:

 

Tel:

 

Recipient: Chen Gang

 

 

Shareholder: Chen Guohe

 

Domicile:

 

Tel:

 

Recipient: Chen Guohe

 

 

Shareholder: Feng Juan

 

Domicile:

 

Recipient: Feng Juan

 

 

Shareholder: Sha Ye

 

Domicile:

 

Recipient: Sha Ye

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