Document:

EX-10.17

 Exhibit 10.17 

 
  

 
 REGISTRATION RIGHTS AGREEMENT

 among 

KINGSOFT CLOUD HOLDINGS LIMITED 

CHINAAMC SPECIAL INVESTMENT LIMITED 

CELESTIAL POWER LIMITED 

METAWIT CAPITAL L.P.
(元慧资本有限合伙) 
 NEW
CLOUD LTD. 
 PRECIOUS STEED LIMITED 

SHUNWEI GROWTH III LIMITED 

FUTUREX INNOVATION SPC – Special Opportunity Fund VI SP 

FUTUREX AI OPPORTUNITY FUND LP 

(acting through FutureX Innovation Limited as its general partner) 

FUTUREX INNOVATION SPC 

(acting for and on behalf of New Technology Fund I SP as one of its segregated portfolios) 

HOWATER INNOVATION I LIMITED PARTNERSHIP 

FUTUREX INNOVATION SPC 

(for the account of and on behalf of Special Opportunity Fund V SP) 

CHINA INTERNET INVESTMENT FUND.
(中国互联网投资基金(有限合伙)) 

DESIGN TIME LIMITED 

XIAOMI CORPORATION 
 and

 KINGSOFT CORPORATION LIMITED 
  

 
 Dated April
7, 2020 
  
  

 
  

 

 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
	 SECTION 1
	 	INTERPRETATION	  	 	3	 
	 SECTION 2
	 	GENERAL; SECURITIES SUBJECT TO THIS AGREEMENT	  	 	9	 
	 SECTION 3
	 	DEMAND REGISTRATION	  	 	9	 
	 SECTION 4
	 	INCIDENTAL OR “PIGGY-BACK” REGISTRATION	  	 	10	 
	 SECTION 5
	 	FORM F-3 REGISTRATION	  	 	11	 
	 SECTION 6
	 	PROVISIONS APPLICABLE TO DEMAND REGISTRATIONS AND F-3 REGISTRATIONS	  	 	12	 
	 SECTION 7
	 	HOLDBACK AGREEMENTS	  	 	13	 
	 SECTION 8
	 	REGISTRATION PROCEDURES	  	 	14	 
	 SECTION 9
	 	INDEMNIFICATION; CONTRIBUTION	  	 	18	 
	 SECTION 10
	 	RULE 144	  	 	22	 
	 SECTION 11
	 	NON-U.S. LISTINGS	  	 	22	 
	 SECTION 12
	 	MISCELLANEOUS	  	 	22	 

 REGISTRATION RIGHTS AGREEMENT 

(this “Agreement”) made on April 7, 2020 

AMONG: 
  

	(1)	 Kingsoft Cloud Holdings Limited, a limited liability company organized under the laws of the Cayman Islands
(the “Company”); 

  

	(2)	 Celestial Power Limited, company limited by shares incorporated under the laws of the British Virgin Islands
(the “IDG Investor”); 

  

	(3)	 ChinaAMC Special Investment Limited, a company incorporated under the laws of the British Virgin Islands (the
“AMC Investor”); 

  

	(4)	 METAWIT CAPITAL L.P.
(元慧资本有限合伙), an exempted limited partnership registered under the laws of the Cayman Islands (the “Metawit Investor”);

  

	(5)	 New Cloud Ltd., a business company incorporated and existing under the laws of the British Virgin Islands (the
“Minsheng Investor”); 

  

	(6)	 Shunwei Growth III Limited, a company incorporated and existing under the laws of the British Virgin Islands
(the “Shunwei Investor”); 

  

	(7)	 Precious Steed Limited, a company incorporated and existing under the laws of the British Virgin Islands (the
“Forebright Investor”); 

  

	(8)	 FUTUREX INNOVATION SPC - Special Opportunity Fund VI SP, a company incorporated and existing under the laws of
the Cayman Islands (“FutureX Capital 1”); 

  

	(9)	 FutureX AI Opportunity Fund LP (acting through FutureX Innovation Limited as its general partner), an exempted
limited partnership registered and existing under the laws of the Cayman Islands (“FutureX Capital 2”); 

  

	(10)	 FutureX Innovation SPC (acting for and on behalf of New Technology Fund I SP as one of its segregated
portfolios), an exempted segregated portfolio company incorporated and existing under the laws of the Cayman Islands (“FutureX Capital 3”); 

 

	(11)	 Howater Innovation I Limited Partnership, a limited partnership organized and existing under the laws of the
Cayman Islands (“FutureX Capital 4”); 

  

	(12)	 FUTUREX INNOVATION SPC (for the account of and on behalf of Special Opportunity Fund V SP), a company
incorporated and existing under the laws of the Cayman Islands (“FutureX Capital 5”; together with FutureX Capital 1, FutureX Capital 2, FutureX Capital 3 and FutureX Capital 4, “FutureX Capital”);

	(13)	 China Internet Investment Fund.
(中国互联网投资基金(有限合伙)), a limited partnership duly organized and validly
existing under the laws of the PRC (the “CIIF Investor”); 

  

	(14)	 DESIGN TIME LIMITED, a company incorporated and existing under the laws of the British Virgin Islands (the
“CCBI Investor”); 

  

	(15)	 Xiaomi Corporation, a company incorporated and existing under the laws of the Cayman Islands
(“Xiaomi”);and 

  

	(16)	 Kingsoft Corporation Limited, a limited liability company organized under the laws of the Cayman Islands
(“Kingsoft”); 

 (collectively, the “Parties” and each a “Party”). 

WHEREAS: 
  

	(A)	 Kingsoft and Xiaomi hold certain number of Ordinary Shares prior to the date hereof. 

 

	(B)	 Kingsoft and Xiaomi hold certain number of Series A Preferred Shares prior to the date hereof.

  

	(C)	 Kingsoft and the IDG Investor hold certain number of Series B Preferred Shares prior to the date hereof.

  

	(D)	 Kingsoft, the IDG Investor, the AMC Investor, FutureX Capital 1 and FutureX Capital 5 hold certain number of
Series C Preferred Shares prior to the date hereof. 

  

	(E)	 Kingsoft, the Metawit Investor, the Minsheng Investor, the Shunwei Investor, the Forebright Investor, FutureX
Capital 2, FutureX Capital 3 and FutureX Capital 4 hold certain number of Series D Preferred Shares on or prior to the date hereof. 

  

	(F)	 The CIIF Investor and the CCBI Investor hold certain number of Series D+ Preferred Shares on or prior to the
date hereof. 

  

	(G)	 The Series A Preferred Shares, the Series B Preferred Shares, Series C Preferred Shares, Series D Preferred
Shares and Series D+ Preferred Shares are convertible into Ordinary Shares in accordance with the terms of the Company’s seventeenth amended and restated memorandum of association and articles of association (the “Restated
Articles”). 

  

	(H)	 In order to permit the Investors and their respective transferees to freely sell the Ordinary Shares and the
Ordinary Shares into which Series A Preferred Shares, Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares and Series D+ Preferred Shares are convertible, it may be necessary for such sale to be “registered” by
the Company pursuant to United States federal and state securities laws. 

  
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	(I)	 The parties hereto have agreed that the Investors will be granted certain registration rights as provided in
this Agreement. 

  

	(J)	 BUDDIES TEAM LIMITED and the Parties other than FutureX Captial 5 and Xiaomi are parties to that certain
Registration Rights Agreement dated December 27, 2019 (the “Prior Registration Agreement”), which shall be replaced and superseded in its entirety by this Agreement. 

NOW, THEREFORE, in consideration of the mutual covenants and agreements set forth herein and for good and valuable consideration, the receipt and
adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 SECTION 1 

INTERPRETATION 
  

	1.1	 Definitions. In this Agreement, unless the context otherwise requires the following words and
expressions have the following meanings: 

 “Affiliate” of a Person (the “Subject
Person”) means (i) in the case of a Person other than a natural person, any other Person that directly or indirectly Controls, is Controlled by or is under common Control with the Subject Person and (ii) in the case of a natural
person, any other Person that is directly or indirectly Controlled by the Subject Person or is a Relative of the Subject Person. 

“Board” means the board of directors of the Company. 

“Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks in New York, the Cayman
Islands, the PRC or Hong Kong are required or authorized by law or executive order to be closed. 
 “Closing Price” means,
with respect to the Registrable Securities, as of the date of determination, 
  

	 	(a)	 if the Registrable Securities are listed on a national securities exchange, the closing price per share of a
Registrable Security on such date published in The Wall Street Journal (National Edition) or, if no such closing price on such date is published in The Wall Street Journal (National Edition), the average of the closing bid and asked prices on such
date, as officially reported on the principal national securities exchange on which the Registrable Securities are then listed or admitted to trading; or 

  

	 	(b)	 if the Registrable Securities are not then listed or admitted to trading on any national securities exchange
but are designated as national market system securities pursuant to Section 11A(a)(2) of the Exchange Act and the rules thereunder, the last trading price per share of a Registrable Security on such date; or 

  
 3 

	 	(c)	 if there shall have been no trading on such date or if the Registrable Securities are not designated as
national market system securities pursuant to Section 11A(a)(2) of the Exchange Act and the rules thereunder, the average of the reported closing bid and asked prices of the Registrable Securities on such date as shown by The Nasdaq Stock
Market, Inc. (or its successor) and reported by any member firm of The New York Stock Exchange, Inc. selected by the Company; or 

  

	 	(d)	 if none of (a), (b) or (c) is applicable, a market price per share determined in good faith by the Board
or, if such determination is not satisfactory to the Holder for whom such determination is being made, by an internationally recognized investment banking firm jointly selected by the Company and such Holder, the expenses for which shall be borne by
the Company. 

 If trading is conducted on a continuous basis on any exchange, then the closing price shall be at 4:00 P.M.
New York City time. 
 “Commission” means the Securities and Exchange Commission of the United States or any similar agency
then having jurisdiction to enforce the Securities Act. 
 “Control” of a Person means (i) ownership of more than 50%
of the shares in issue or other equity interests or registered capital of such Person or (ii) the power to direct the management or policies of a Person, whether through the ownership or voting proxy of the voting power of such Person, through
the power to appoint a majority of the members of the board of directors or similar governing body of such Person, through contractual arrangements or otherwise. 

“Conversion Shares” means the Ordinary Shares issued upon conversion of the Series A Preferred Shares, Series B Preferred
Shares, Series C Preferred Shares, Series D Preferred Shares and Series D+ Preferred Shares, as the case may be. 
 “Exchange
Act” means the Securities Exchange Act of 1934 of the United States, as amended, and the rules and regulations of the Commission thereunder. 

“FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Form F-3” means Form S-3 or Form F-3 under
the Securities Act or any successor form thereto. 
 “Form F-4” means Form S-4 or
Form F-4 under the Securities Act or any successor form thereto. 
 “Governmental
Authority” means any government or political subdivision thereof; any department, agency or instrumentality of any government or political subdivision thereof; any court or arbitral tribunal; and the governing body of any securities
exchange, in each case having competent jurisdiction. 
 “Holder” means a holder of Registrable Securities. 

  
 4 

 “Hong Kong” means the Hong Kong Special Administrative Region of the
People’s Republic of China. 
 “Initial Public Offering” or “IPO” means the initial public offering of
Ordinary Shares pursuant to an effective Registration Statement. 
 “Investor” means (i) the IDG Investor,
(ii) the AMC Investor, (iii) Kingsoft, (iv)Xiaomi, (v) the Metawit Investor, (vi) the Minsheng Investor, (vii) the Shunwei Investor, (viii) the Forebright Investor, (ix) FutureX Capital, (x) the CIIF Investor,
(xi) the CCBI Investor and (xii) any other Person who acquires Registrable Securities from the IDG Investor, the AMC Investor, Kingsoft, Xiaomi, the Minsheng Investor, the Metawit Investor, the Shunwei Investor, the Forebright Investor,
FutureX Capital, the CIIF Investor or the CCBI Investor, in each case for so long as such Person remains a holder of Registrable Securities, and in the case of any Investor that is a natural person shall be deemed to include the estate of such
Investor and the executor, conservator, committee or other similar legal representative of such Investor or such Investor’s estate following the death or incapacitation of such Investor. 

“Investor Affiliate” means any Affiliate of any Investor. 

“IPO Effectiveness Date” means the date upon which the Company completes an Initial Public Offering. 

“Market Price” means, on any date of determination, the weighted average of the daily Closing Price of the Registrable
Securities for the immediately preceding thirty (30) days on which the national securities exchanges are open for trading. 

“Odinary Shares” means the ordinary shares, par value US$0.001 per share, of the Company. 

“Party” shall mean each of the Company, the AMC Investor, the IDG Investor, Kingsoft, Xiaomi, the Minsheng Investor, the
Metawit Investor, the Shunwei Investor, the Forebright Investor, FutureX Capital, the CIIF Investor, the CCBI Investor and any Person that subsequently becomes a party to this Agreement pursuant to the terms hereof. 

“Person” means any natural person, firm, company, Governmental Authority, joint venture, partnership, association or other
entity (whether or not having separate legal personality). 
 “Registrable Securities” means (a) the Ordinary Shares
held by the Investors, (b) the Conversion Shares, and (c) any Ordinary Shares issued or issuable with respect to the Series A Preferred Shares, Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares, Series D+
Preferred Shares or the Conversion Shares by way of share dividend or share split or in connection with any combination of shares, recapitalization, merger, consolidation or other reorganization or otherwise; excluding in all cases, however,
(i) any Registrable Securities sold by an Investor in a transaction in which the applicable rights under this Agreement are not assigned pursuant to Section 12.7, (ii) any securities for which registration rights have terminated pursuant
to Section 12.1 of this Agreement and (iii) any securities when a Registration Statement covering such securities has been declared effective under the Securities Act by the Commission and such securities have been disposed of pursuant to
such effective Registration Statement. 

  
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 “Registration Statement” means a Registration Statement filed pursuant to
the Securities Act. 
 “Relative” of a natural Person means the spouse of such Person and any parent, grandparent, sibling
or child of such Person. 
 “Securities Act” means the Securities Act of 1933 of the United States, as amended, and the
rules and regulations of the Commission promulgated thereunder. 
 “Securities Holders” means holders of Ordinary Shares,
Series A Preferred Shares, Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares and Series D+ Preferred Shares. 

“Series A Preferred Shares” means the series A convertible preferred shares, par value US$0.001 per share, of the Company.

 “Series B Preferred Shares” means the series B convertible preferred shares, par value US$0.001 per share, of the
Company. 
 “Series C Preferred Shares” means the series C convertible preferred shares, par value US$0.001 per share, of
the Company. 
 “Series D Preferred Shares” means the series D convertible preferred shares, par value US$0.001 per share,
of the Company. 
 “Series D+ Preferred Shares” means the series D+ convertible preferred shares, par value US$0.001 per
share, of the Company. 
 “Shareholders Agreement” means the ninth amended and restated shareholders agreement dated
December 27, 2019 among the Company, the AMC Investor, the IDG Investor, Kingsoft, Xiaomi, the Minsheng Investor, the Metawit Investor, the Shunwei Investor, the Forebright Investor, FutureX Capital (other than FutureX Capital 5), the CIIF
Investor, the CCBI Investor and certain other parties thereto. 
 “Underwriter” means a Company Underwriter or an Approved
Underwriter. 

  
 6 

	1.2	 Terms Defined Elsewhere. The following terms are defined in this Agreement as follows:

  

			
	“Agreement”	  	Preamble
	“AMC Investor”	  	Preamble
	“Approved Underwriter”	  	Section 6.2
	“Arbitration Agreement”	  	Section 12.11(h)
	“Arbitration Notice”	  	Section 12.11(a)
	“CCBI Investor”	  	Preamble
	“CIIF Investor”	  	Preamble
	“Company”	  	Preamble
	“Company Underwriter”	  	Section 4.2
	“Demand Registration”	  	Section 3.1
	“F-3 Initiating Holders”	  	Section 5.1
	“F-3 Registration”	  	Section 5.1
	“Forebright Investor”	  	Preamble
	“FutureX Capital”	  	Preamble
	“HKIAC”	  	Section 12.11(b)
	“Holders’ Counsel”	  	Section 8.1(a)
	“IDG Investor”	  	Preamble
	“Incidental Registration”	  	Section 4.1
	“Indemnified Party”	  	Section 9.3
	“Indemnifying Party”	  	Section 9.3
	“Initiating Holders”	  	Section 3.1
	“Inspector” and “Inspectors”	  	Section 8.1(g)
	“Kingsoft”	  	Preamble
	“Liability” and “Liabilities”	  	Section 9.1
	“Metawit Investor”	  	Preamble
	“Minsheng Investor”	  	Preamble
	“Party” and “Parties”	  	Preamble
	“Principal Tribunal”	  	Section 12.11(i)(i)
	“Records”	  	Section 8.1(g)
	“Registration Expenses”	  	Section 8.3
	“Restated Articles”	  	Recitals
	“Shunwei Investor”	  	Preamble
	“Valid Business Reason”	  	Section 6.3
	“Xiaomi”	  	Preamble

  

	1.3	 Interpretation. 

 

	 	(a)	 Directly or Indirectly. The phrase “directly or indirectly” means directly, or
indirectly through one or more intermediate persons or through contractual or other arrangements, and “direct or indirect” has the correlative meaning. 

 

	 	(b)	 Gender and Number. Unless the context otherwise requires, all words (whether gender-specific or gender
neutral) shall be deemed to include each of the masculine, feminine and neuter genders, and words importing the singular include the plural and vice versa. 

  

	 	(c)	 Headings. Headings are included for convenience only and shall not affect the construction of any
provision of this Agreement. 

  

	 	(d)	 Include not Limiting. “Include,” “including,” “are inclusive
of” and similar expressions are not expressions of limitation and shall be construed as if followed by the words “without limitation.” 

  
 7 

	 	(e)	 Law. References to “law” shall include all applicable laws, regulations, rules and
orders of any Governmental Authority, including any common or customary law, constitution, code, ordinance, statute or other legislative measure and any regulation, rule, treaty, order, decree or judgment; and “lawful” shall be
construed accordingly. 

  

	 	(f)	 References to Documents. References to this Agreement include the Schedules and Exhibits, which form an
integral part hereof. A reference to any Section, Schedule or Exhibit is, unless otherwise specified, to such Section of, or Schedule or Exhibit to, this Agreement. The words “hereof,” “hereunder” and
“hereto,” and words of like import, refer to this Agreement as a whole and not to any particular Section hereof or Schedule or Exhibit hereto. A reference to any document (including this Agreement) is to that document as amended,
consolidated, supplemented, novated or replaced from time to time. 

  

	 	(g)	 Statutory References. A reference to a statute or statutory provision includes, to the extent applicable
at any relevant time: 

  

	 	(i)	 that statute or statutory provision as from time to time consolidated, modified,
re-enacted or replaced by any other statute or statutory provision; 

  

	 	(ii)	 any repealed statute or statutory provision which it re-enacts (with or
without modification); and 

  

	 	(iii)	 any subordinate legislation or regulation made under the relevant statute or statutory provision.

  

	 	(h)	 Share Calculations. Any reference to a number or price of Ordinary Shares shall be appropriately
adjusted to reflect any share split, share consolidation, share dividend, share reclassification, restructuring, capitalization issuance or similar transaction affecting the share capital of the Company. 

 

	 	(i)	 Time. Except as otherwise provided, for purposes of calculating the length of time from a given day or
the day of a given act or event, the relevant period shall be calculated exclusive of that day. If the day on or by which a payment must be made is not a Business Day, that payment must be made on or by the Business Day immediately following such
day. 

  

	 	(j)	 Writing. References to writing include any mode of reproducing words in a legible and non-transitory form. 

  

	 	(k)	 Language. This Agreement is drawn up in the English language. If this Agreement is translated into any
other language, the English language text shall prevail. 

  
 8 

 SECTION 2 

GENERAL; SECURITIES SUBJECT TO THIS AGREEMENT 
  

	2.1	 Grant of Rights. The Company hereby grants registration rights to the Holders upon the terms and
conditions set forth in this Agreement. 

  

	2.2	 Holders of Registrable Securities. A Person is deemed to be a holder of Registrable Securities whenever
such Person owns of record Registrable Securities, or holds an option to purchase, or a security convertible into or exercisable or exchangeable for, Registrable Securities whether or not such acquisition or conversion has actually been effected. If
the Company receives conflicting instructions, notices or elections from two or more Persons with respect to the same Registrable Securities, the Company may act upon the basis of the instructions, notice or election received from the registered
owner of such Registrable Securities. Registrable Securities issuable upon exercise of an option or upon conversion of another security shall be deemed outstanding for the purposes of this Agreement. 

SECTION 3 
 DEMAND
REGISTRATION 
  

	3.1	 Request for Demand Registration. At any time commencing on or after the later of (a) the fourth (4th) anniversary of the Closing (as defined in the Shareholders Agreement) and (b) the first anniversary of the IPO Effectiveness Date, Holder(s) holding in the aggregate not less than 30% of the
Registrable Securities then outstanding (the “Initiating Holders”) may make a written request to the Company to register, and the Company shall use its best efforts to register, under the Securities Act (a “Demand
Registration”) the number of Registrable Securities specified in such requests; provided, however, that (i) the Company shall not be obligated to effect more than two such Demand Registrations and (ii) the Company
shall not be obligated to effect a Demand Registration if the Initiating Holders propose to sell their Registrable Securities in an amount less than 30% of the Registrable Securities then outstanding. For purposes of the preceding sentence, the
filing of two or more Registration Statements in response to one demand shall be counted as one Demand Registration. Each request for a Demand Registration by the Initiating Holders shall state the amount of the Registrable Securities proposed to be
sold and the intended method of disposition thereof. 

  

	3.2	 Inclusion of Registrable Securities in Demand Registration. Each Holder other than Initiating Holders in
respect of any Demand Registration shall have the right to have all or any portion of its Registrable Securities, included in such Demand Registration as provided in this Section 3.2. Within seven (7) days after the receipt of a request
for a Demand Registration from the Initiating Holder, the Company shall (x) give written notice thereof to all of the Holders (other than such Initiating Holders) and (y) subject to Section 6.1, include in such registration the number
of Registrable Securities specified in each written request for inclusion therein delivered by any Holder to the Company not later than fifteen (15) days after delivery to such Holders of the written notice referred to in clause (x) above.
The failure of any Holder to respond within such 15-day period referred to in clause (y) above shall be deemed to be a waiver of such Holder’s rights under this Section 3 with respect to such
Demand Registration. 

  
 9 

	3.3	 Effective Demand Registration. The Company shall use its commercially reasonable efforts to cause a
Registration Statement in respect of any Demand Registration to become effective and remain effective as soon as practicable after the Company receives a request under Section 3.1. A registration shall not constitute a Demand Registration
satisfying the Company’s obligations hereunder until the relevant Registration Statement has become effective and remained continuously effective for the lesser of (x) the period during which all Registrable Securities registered in the
Demand Registration are sold and (y) 120 days; provided, however, that a registration shall not constitute a Demand Registration satisfying the Company’s obligations hereunder if (A) after the relevant Registration Statement
has become effective, such registration or the related offer, sale or distribution of Registrable Securities thereunder is interfered with by any stop order, injunction or other order or requirement of the Commission or other governmental agency or
court for any reason not attributable to the Initiating Holders and such interference is not thereafter eliminated or (B) the conditions specified in the underwriting agreement, if any, entered into in connection with such Demand Registration
are not satisfied or waived, other than by reason of a failure by the Initiating Holder; provided further, if the Initiating Holders withdraw their request for such registration, elect not to pay the registration expenses therefor, and
forfeit their right to one demand registration statement pursuant to Section 3, in which case such withdrawn registration statement shall be counted as “effected” for purposes of this Section 3.3. 

SECTION 4 

INCIDENTAL OR “PIGGY-BACK” REGISTRATION 
  

	4.1	 Request for Incidental Registration. If at any time after the IPO Effectiveness Date the Company
proposes to register any Ordinary Shares in connection with an offering by the Company for its own account (other than a registration utilizing Form F-4 or F-8 or any successor thereto) or for the account of any shareholder of the Company other than
a Holder, then each Holder shall have the right to have all or any portion of its Registrable Securities included in such registration as provided in this Section 4.1 (an “Incidental Registration”). The Company shall
(x) give written notice of such proposed registration to each such Holder at least twenty (20) days before the anticipated filing date of the relevant Registration Statement, which notice shall describe the proposed registration and
distribution, and (y) include in such registration the number of Registrable Securities specified in each written request for inclusion therein delivered by any Holder to the Company not later than fifteen (15) days of the receipt by such
Holders of such written notice referred to in clause (x) above. The failure of any Holder to respond within such 15-day period referred to in clause (y) above shall be deemed to be a waiver of such
Holder’s rights under this Section 4 with respect to such registration. 

  
 10 

	4.2	 Underwritten Offering. In connection with any Incidental Registration under Section 4.1 involving
an underwritten offering, the Company shall not be required to include any Registrable Securities in such underwritten offering unless the Holders thereof accept the terms of the underwritten offering as agreed upon between the Company, such other
shareholders, if any, and the managing underwriter of such offering (the “Company Underwriter”); provided, that no such terms shall impair the indemnification rights of the Holders granted under Section 9. If the Company
Underwriter determines that the registration of all or part of the Registrable Securities which the Holders have requested to be included would materially adversely affect the success of such offering, then the Company shall be required to include
in such Incidental Registration, to the extent of the amount that the Company Underwriter believes may be sold without causing such adverse effect, first, all of the securities to be offered for the account of the Company; second, the
Registrable Securities to be offered for the account of the Holders pursuant to this Section 4, pro rata based on the number of Registrable Securities owned by each such Holder; and third, any other securities requested to be included in
such offering. 

 SECTION 5 

FORM F-3 REGISTRATION 
  

	5.1	 Request for a Form F-3 Registration. At any time following the consummation of an IPO,
after the Company becomes eligible to use Form F-3 in connection with a public offering of its securities, Holder(s) holding in the aggregate not less than 30% of the Registrable Securities (the “F-3 Initiating Holders”) may
make a written request to the Company to register, and the Company shall use its commercially reasonable efforts to register, under the Securities Act on Form F-3 (an “F-3 Registration”) the number of Registrable Securities
specified in such request; provided, however, that the Company shall not be required to effect any registration pursuant to this Section 5.1: 

 

	 	(a)	 within ninety (90) days after the effective date of any other Registration Statement of the Company;

  

	 	(b)	 if within the twelve (12) month period preceding the date of such request, the Company has effected two
(2) registrations on Form F-3 pursuant to this Section 5.1; 

  

	 	(c)	 if Form F-3 is not available for such offering by the F-3 Initiating Holders; or 

 

	 	(d)	 if Holders requesting inclusion of Registrable Securities in such registration propose to sell such Registrable
Securities at an aggregate price (calculated based upon the Market Price of the Registrable Securities on the date on which the Company receives a request under Section 5.1) to the public of less than US$2,000,000. 

  
 11 

	5.2	 Inclusion of Registrable Securities in F-3 Registration. Each Holder other than the F-3
Initiating Holders shall have the right to have all or any portion of its Registrable Securities included in such F-3 Registration as provided in this Section 5.2. Within ten (10) days after the receipt of a request for a F-3 Registration
from the F-3 Initiating Holders, the Company shall (x) give written notice thereof to all of the Holders (other than such F-3 Initiating Holders) and (y) subject to Section 6.1, include in such
registration such number of Registrable Securities specified in each written request for inclusion therein delivered by any Holder to the Company not later than ten (10) days after delivery to such Holders of the written notice referred to in
clause (x) above. The failure of any Holder to respond within such 10-day period referred to in clause (y) above shall be deemed to be a waiver of such Holder’s rights under this Section 5
with respect to such F-3 Registration. 

  

	5.3	 Effective F-3 Registration. The Company shall use its commercially reasonable efforts to cause a
Registration Statement to become effective in respect of any F-3 Registration not later than sixty (60) days after the Company receives a request under Section 5.1. 

 

	5.4	 No Demand Registration. No registration requested by any Holder pursuant to this Section 5 shall be
deemed a Demand Registration pursuant to Section 3.1. 

 SECTION 6 

PROVISIONS APPLICABLE TO DEMAND REGISTRATIONS AND F-3 REGISTRATIONS 

 

	6.1	 Underwriting Procedures. If the Initiating Holders or the F-3 Initiating Holders, as the case may be,
holding not less than 30% of the Registrable Securities held by all of the Initiating Holders or F-3 Initiating Holders, as the case may be, so elect, the Company shall use its commercially reasonable efforts to cause the relevant Demand
Registration or F-3 Registration to be in the form of a firm commitment underwritten offering and the managing underwriter or underwriters selected for such offering shall be the Approved Underwriter selected in accordance with Section 6.2. In
connection with any Demand Registration or F-3 Registration involving an underwritten offering, the Company shall not be required to include any Registrable Securities in such underwritten offering unless the Holders thereof accept the terms of the
underwritten offering as agreed upon among the Company, the Approved Underwriter and the Initiating Holders or F-3 Initiating Holders, as the case may be, and then only in such quantity as such underwriter believes will not jeopardize the success of
such offering by the Holders. If the Approved Underwriter believes that the registration of all or part of the Registrable Securities which the Holders have requested to be included would materially adversely affect the success of such public
offering, then the Company shall be required to include in the underwritten offering, to the extent of the amount that the Approved Underwriter believes may be sold without causing such adverse effect, first, all of the Registrable Securities
to be offered for the account of the Holders, pro rata based on the number of Registrable Securities owned by such Holders; and second, any other securities requested to be included in such offering. 

  
 12 

	6.2	 Selection of Underwriters. If any Demand Registration or F-3 Registration, as the case may be, of
Registrable Securities is in the form of an underwritten offering, the Company shall select an investment banking firm of international reputation to act as the managing underwriter of the offering (the “Approved Underwriter”);
provided, however, that the Approved Underwriter shall, in any case, also be approved by the Initiating Holders or F-3 Initiating Holders, as the case may be, such approval not to be unreasonably withheld. 

 

	6.3	 Delay or Withdrawal for Valid Business Reasons. If the Board, in its good faith judgment, determines
that any Demand Registration or F-3 Registration would (A) materially interfere with a material financing, acquisition, corporate reorganization or merger or other material transaction involving the Company; (B) require premature
disclosure of material information that the Company has a bona fide business purpose for preserving as confidential; or (C) render the Company unable to comply with requirements under the Securities Act or Exchange Act, and that it is therefore
essential in the interests of the Company that such registration not proceed (each, a “Valid Business Reason”), the Company may (a) postpone filing a Registration Statement until such Valid Business Reason no longer exists, but
in no event for more than (i) ninety (90) days, in the case of a Registration Statement relating to a Demand Registration or (ii) sixty (60) days, in the case of a Registration Statement relating to a F-3 Registration, and (b) in case
a Registration Statement has been filed relating to a Demand Registration, if the Valid Business Reason has not resulted from actions taken by the Company, the Company, upon the approval of a majority of the Board, such majority to include at least
the IDG Director, the AMC Director, the Minsheng Director and the Metawit Director (each as defined in the Shareholders Agreement), may cause such Registration Statement to be withdrawn and its effectiveness terminated or may postpone amending or
supplementing such Registration Statement. The Company shall give written notice of its determination to postpone or withdraw a Registration Statement and of the fact that the Valid Business Reason for such postponement or withdrawal no longer
exists, in each case, promptly after the occurrence thereof. Notwithstanding anything to the contrary contained herein, the Company may not postpone or withdraw a filing under this Section 6.3 more than once in any twelve (12) month
period. 

 SECTION 7 

HOLDBACK AGREEMENTS 
  

	7.1	 Restrictions on Public Sale by Holders. If (x) requested (A) by the Company, the Initiating Holders
or the F-3 Initiating Holders, as the case may be, in the case of a non-underwritten public offering or (B) by the Approved Underwriter or the Company Underwriter, as the case may be, in the case of an
underwritten public offering and (y) all of the Company’s officers and directors, and all of the Company’s shareholders holding more than one percent (1%) of the Company’s outstanding capital stock, execute agreements setting
forth restrictions identical to those referred to in this Section 7.1, no Holder shall, during the ninety (90) day period commencing on the effective date of any Registration Statement filed by the Company in connection with any public
offering of Ordinary Shares, (x) effect any public sale or distribution of any Registrable Securities or of any securities convertible into or exchangeable or exercisable for such Registrable Securities (including without limitation a sale
pursuant to Rule 144 under the Securities Act), except pursuant to such registration, or (y) make any request for a Demand Registration or F-3 Registration under this Agreement. No Holder or officer, director or other shareholder shall be
released from any obligation under this Section 7.1 or under any agreement setting forth restrictions similar to those set forth in this Section 7.1 unless all other Holders are also released from their obligations under this
Section 7.1. 

  
 13 

	7.2	 Restrictions on Public Sale by the Company. The Company agrees not to effect any public sale or
distribution of any of its securities, or any securities convertible into or exchangeable or exercisable for such securities (except pursuant to registrations on Form F-4 or F-8 or any successor thereto), during the period beginning on the effective
date of any Registration Statement in which the Holders of Registrable Securities are participating and ending on the earlier of (x) the date on which all Registrable Securities registered pursuant to such Registration Statement are sold and
(y) 120 days after the effective date of such Registration Statement (except as part of the registration effected pursuant to such Registration Statement). 

SECTION 8 

REGISTRATION PROCEDURES 
  

	8.1	 Obligations of the Company. Whenever registration of Registrable Securities has been requested pursuant
to Section 3, Section 4 or Section 5, the Company shall use its commercially reasonable efforts to effect the registration and sale of such Registrable Securities in accordance with the intended method of distribution thereof as
quickly as practicable, and in connection with any such request, the Company shall, as expeditiously as possible: 

  

	 	(a)	 prepare and file with the Commission a Registration Statement on any form for which the Company then qualifies
or which counsel for the Company shall deem appropriate and which form shall be available for the sale of such Registrable Securities in accordance with the intended method of distribution thereof, and cause such Registration Statement to become
effective; provided, however, that (x) before filing a Registration Statement or prospectus or any amendments or supplements thereto, the Company shall provide counsel selected by the Holders holding a majority of the Registrable
Securities being registered in such registration (“Holders’ Counsel”) and any other Inspector with an adequate and appropriate opportunity to review and comment on such Registration Statement and each prospectus included
therein (and each amendment or supplement thereto) to be filed with the Commission, subject to such documents being under the Company’s control, and (y) the Company shall notify the Holders’ Counsel and each seller of Registrable
Securities of any stop order issued or threatened by the Commission and take all action required to prevent the entry of such stop order or to remove it if entered; 

 

	 	(b)	 prepare and file with the Commission such amendments and supplements to such Registration Statement and the
prospectus used in connection therewith as may be necessary to keep such Registration Statement effective for the lesser of (x) 120 days and (y) such shorter period which will terminate when all Registrable Securities covered by such
Registration Statement have been sold, and comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such Registration Statement during such period in accordance with the intended methods of
disposition by the sellers thereof set forth in such Registration Statement; 

  
 14 

	 	(c)	 furnish to each seller of Registrable Securities, prior to filing a Registration Statement, at least one copy
of such Registration Statement as is proposed to be filed, and thereafter such number of copies of such Registration Statement, each amendment and supplement thereto (in each case including all exhibits thereto), and the prospectus included in such
Registration Statement (including each preliminary prospectus) and any prospectus filed under Rule 424 under the Securities Act as each such seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned by
such seller; 

  

	 	(d)	 register or qualify such Registrable Securities under such other securities or “blue sky” laws of
such jurisdictions as any seller of Registrable Securities may request, and to continue such qualification in effect in such jurisdiction for as long as permissible pursuant to the laws of such jurisdiction, or for as long as any such seller
requests or until all of such Registrable Securities are sold, whichever is shortest, and do any and all other acts and things which may be reasonably necessary or advisable to enable any such seller to consummate the disposition in such
jurisdictions of the Registrable Securities owned by such seller; provided, however, that the Company shall not be required to (x) qualify generally to do business in any jurisdiction where it would not otherwise be required to
qualify but for this Section 8.1(d), (y) subject itself to taxation in any such jurisdiction or (z) consent to general service of process in any such jurisdiction; 

 

	 	(e)	 notify each seller of Registrable Securities at any time when a prospectus relating thereto is required to be
delivered under the Securities Act, upon discovery that, or upon the happening of any event as a result of which, the prospectus included in such Registration Statement contains an untrue statement of a material fact or omits to state any material
fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they were made, not misleading and the Company shall, if required by rules and regulations of the relevant exchange or
applicable securities law, promptly prepare a supplement or amendment to such prospectus and furnish to each seller of Registrable Securities a reasonable number of copies of such supplement to or an amendment of such prospectus as may be necessary
so that, after delivery to the purchasers of such Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading; 

  
 15 

	 	(f)	 enter into and perform customary agreements (including an underwriting agreement in customary form with the
Underwriter, if any) and take such other actions as are prudent and reasonably required in order to expedite or facilitate the disposition of such Registrable Securities, including causing its officers to participate in “road shows” and
other information meetings organized by the Approved Underwriter or Company Underwriter; 

  

	 	(g)	 make available at reasonable times for inspection by any seller of Registrable Securities, any managing
underwriter participating in any disposition of such Registrable Securities pursuant to a Registration Statement, Holders’ Counsel and any attorney, accountant or other agent retained by any such seller or any managing underwriter (each, an
“Inspector” and collectively, the “Inspectors”), all financial and other records, pertinent corporate documents and properties of the Company and its subsidiaries (collectively, the “Records”) as
shall be reasonably necessary to enable them to exercise their due diligence responsibilities, and cause the Company’s and its subsidiaries’ officers, directors and employees, and the independent public accountants of the Company, to
supply all information reasonably requested by any such Inspector in connection with such Registration Statement; provided, that records that the Company determines, in good faith, to be confidential and which it notifies the Inspectors are
confidential shall not be disclosed by the Inspectors (and the Inspectors shall confirm their agreement in writing in advance to the Company if the Company shall so request) unless (x) the disclosure of such Records is necessary, in the
Company’s judgment, to avoid or correct a misstatement or omission in the Registration Statement, (y) the release of such Records is ordered pursuant to a subpoena or other order from a court of competent jurisdiction after exhaustion of
all appeals therefrom or (z) the information in such Records was known to the Inspectors prior to its disclosure by the Company from sources not subject to any confidentiality obligation to the Company with respect to such information or such
information has been made generally available to the public; and provided, further, that each seller of Registrable Securities shall, upon learning that disclosure of such Records is sought in a court of competent jurisdiction, give
notice to the Company and allow the Company, at the Company’s expense, to undertake appropriate action to prevent disclosure of the Records deemed confidential; 

 

	 	(h)	 if such sale is pursuant to an underwritten offering, obtain “cold comfort” letters, dated the
effective date of the Registration Statement and the date of the closing under the underwriting agreement, from the Company’s independent public accountants in customary form and covering such matters of the type customarily covered by
“cold comfort” letters as the managing underwriter reasonably requests; 

  
 16 

	 	(i)	 comply with all applicable rules and regulations of the Commission, and make available to its security holders,
as soon as reasonably practicable but no later than fifteen (15) months after the effective date of the Registration Statement, an earnings statement covering a period of twelve (12) months beginning after the effective date of the
Registration Statement, in a manner which satisfies the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder; 

  

	 	(j)	 cause all such Registrable Securities to be listed on each securities exchange on which similar securities
issued by the Company are then listed, provided that the applicable listing requirements are satisfied; 

  

	 	(k)	 keep Holders’ Counsel advised in writing as to the initiation and progress of any registration under
Section 3, Section 4 or Section 5 hereunder; 

  

	 	(l)	 cooperate with each seller of Registrable Securities and each underwriter participating in the disposition of
such Registrable Securities and their respective counsel in connection with any filings required to be made with the FINRA; and 

  

	 	(m)	 take all other steps reasonably necessary to effect the registration of the Registrable Securities contemplated
hereby. 

  

	8.2	 Notice to Discontinue. Each Holder of Registrable Securities agrees that, upon receipt of any notice
from the Company of the happening of any event of the kind described in Section 8.1(e), such Holder shall forthwith discontinue disposition of Registrable Securities pursuant to the Registration Statement covering such Registrable Securities
until such Holder’s receipt of the copies of the supplemented or amended prospectus contemplated by Section 8.1(e) and, if so directed by the Company, such Holder shall deliver to the Company (at the Company’s expense) all copies,
other than permanent file copies then in such Holder’s possession, of the prospectus covering such Registrable Securities which is current at the time of receipt of such notice. If the Company shall give any such notice, the Company shall
extend the period during which such Registration Statement shall be maintained effective pursuant to this Agreement (including, without limitation, the period referred to in Section 8.1(b)) by the number of days during the period from and
including the date of the giving of such notice pursuant to Section 8.1(e) to and including the date when sellers of such Registrable Securities under such Registration Statement shall have received the copies of the supplemented or amended
prospectus contemplated by and meeting the requirements of Section 8.1(e). 

  

	8.3	 Registration Expenses. The Company shall pay all expenses arising from or incident to its performance
of, or compliance with, this Agreement, including, without limitation, 

  

	 	(a)	 Commission, stock exchange and FINRA registration and filing fees; 

 

	 	(b)	 all fees and expenses incurred in complying with securities or “blue sky” laws (including reasonable
fees, charges and disbursements of counsel to any underwriter incurred in connection with “blue sky” qualifications of the Registrable Securities as may be set forth in any underwriting agreement); 

  
 17 

	 	(c)	 all printing, messenger and delivery expenses; 

 

	 	(d)	 the fees, disbursements and other charges of counsel to the Company and of the Company’s independent
public accountants and any other accounting fees, charges and expenses incurred by the Company (including, without limitation, any expenses arising from any “cold comfort” letters or any special audits incident to or required by any
registration or qualification), provided that in respect of each Demand Registration, expenses of any special audit shall be subject to a maximum of US$25,000; and 

 

	 	(e)	 any liability insurance or other premiums for insurance obtained in connection with any Demand Registration,
Incidental Registration or F-3 Registration pursuant to the provisions set forth in this Agreement, regardless of whether the relevant Registration Statement is declared effective. 

All of the expenses described above in this Section 8.3 are referred to herein as “Registration Expenses”. The Holders of
Registrable Securities sold pursuant to a Registration Statement shall bear the expense of any broker’s commission or underwriter’s discount or commission relating to registration and sale of such Holders’ Registrable Securities and,
except as provided above, shall bear the fees, disbursements and other charges of their own counsel. Each Holder participating in a registration shall bear such Holder’s proportionate share (based on the total number of securities sold in such
registration other than for the account of the Company) of (a) all discounts, commissions or other amounts payable to underwriters, brokers or special counsel in connection with the relevant offering and (b) expenses exceeding the maximum
amounts stated in the proviso in paragraph (d) above; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Sections 3 and 5, if the registration request is
subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered (in which case all selling Holders shall bear such expenses pro rata based upon the number of Registrable Securities that were to be
included in the withdrawn registration), unless the Holders of a majority of the Registrable Securities agree to forfeit their right to one registration pursuant to Section 3. 

SECTION 9 

INDEMNIFICATION; CONTRIBUTION 
  

	9.1	 Indemnification by the Company. To the extent permitted by law, the Company shall indemnify and hold
harmless each Holder, its partners, directors, officers and Affiliates and each Person who controls (within the meaning of Section 15 of the Securities Act) such Holder from and against any and all losses, claims, damages, liabilities and
reasonable expenses, including without limitation fees, disbursements and other charges of counsel and costs of investigation (each, a “Liability” and collectively, “Liabilities”) arising out of or based upon:

  

	 	(a)	 any untrue, or allegedly untrue, statement of a material fact contained in any Registration Statement,
prospectus, preliminary prospectus, notification or offering circular (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto); 

  
 18 

	 	(b)	 any omission or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading under the circumstances such statements were made; or 

  

	 	(c)	 any violation or alleged violation by the Company of the Securities Act, the Exchange Act, or any other
securities or other law of any jurisdiction, common law or otherwise, or any rule or regulation promulgated under the Securities Act, the Exchange Act or any such other laws, in connection with any offering of Registrable Securities pursuant to a
Registration Statement; 

 except in each case insofar as such Liability arises out of or is based upon any untrue
statement or alleged untrue statement or omission or alleged omission contained in such Registration Statement, preliminary prospectus or final prospectus in reliance and in conformity with information concerning such Holder furnished in writing to
the Company by such Holder expressly for use therein. The Company shall also indemnify, to the same extent as provided above with respect to the indemnification of the Holders of Registrable Securities and otherwise as may be customary in connection
with similar underwritings, each underwriter of the Registrable Securities, its officers, directors and employees and each Person who controls (within the meaning of Section 15 of the Securities Act) such underwriter; provided,
however, that the indemnity agreement contained in this Section 9.1 shall not apply to amounts paid in settlement of any such claim or proceeding if such settlement is effected without the consent of the Company, which consent shall not
be unreasonably withheld, nor shall the Company be liable for any Losses to the extent that they arise out of or are based upon actions or omissions made in reliance upon and in conformity with written information furnished by or on behalf of any
such Holder, underwriter, controlling Person, or other aforementioned Person expressly for use in connection with such registration. 
  

	9.2	 Indemnification by Holders. In connection with any Registration Statement in which a Holder is
participating pursuant to Section 3, Section 4 or Section 5 hereof, such Holder shall promptly furnish to the Company in writing such information with respect to such Holder as the Company may reasonably request or as may be required
by law for use in connection with any such Registration Statement or prospectus and all information with respect to such Holder required to be disclosed in order to make the information previously furnished to the Company by such Holder not
materially misleading or necessary to cause such Registration Statement not to omit a material fact with respect to such Holder necessary in order to make the statements therein not misleading. Each Holder shall indemnify and hold harmless the
Company, any underwriter underwriting a distribution of securities by the Company and each Person who controls (within the meaning of Section 15 of the Securities Act) the Company or such underwriter from and against any Liabilities arising out
of or based upon: 

  

	 	(a)	 any untrue, or allegedly untrue, statement of a material fact contained in any Registration Statement,
prospectus, preliminary prospectus, notification or offering circular (as amended or supplemented if the Company shall have furnished any amendments or supplements thereto); or 

  
 19 

	 	(b)	 any omission or alleged omission to state therein a material fact required to be stated therein or necessary to
make the statements therein not misleading under the circumstances such statements were made, but in each case only to the extent that such statement, omission or alleged omission was made in reliance upon and in conformity with information with
respect to such Holder furnished in writing to the Company by such Holder expressly for use in such Registration Statement, prospectus, preliminary prospectus, notification or offering circular; 

provided, however, that the total amount to be indemnified by such Holder pursuant to this Section 9.2 shall be limited to
the net proceeds received by such Holder in the offering to which the Registration Statement or prospectus relates. 
  

	9.3	 Conduct of Indemnification Proceedings. 

Any Person entitled to indemnification hereunder (the “Indemnified Party”) shall give prompt written notice to the
indemnifying party (the “Indemnifying Party”) after the receipt by the Indemnified Party of any written notice of the commencement of any action, suit, proceeding or investigation or threat thereof made in writing for which the
Indemnified Party intends to claim indemnification or contribution pursuant to this Agreement; provided, however, that the failure so to notify the Indemnifying Party shall not relieve the Indemnifying Party of any Liability that it
may have to the Indemnified Party hereunder (except to the extent that the Indemnifying Party is materially prejudiced or otherwise forfeits substantive rights or defenses by reason of such failure). If notice of commencement of any such action is
given to the Indemnifying Party as above provided in this Section 9.3, the Indemnifying Party shall be entitled to participate in and, to the extent it may elect, jointly with any other Indemnifying Party similarly notified, to assume the
defense of such action at its own expense, with counsel chosen by it and reasonably satisfactory to such Indemnified Party; provided, that the Indemnifying Party shall not have the right to assume the defense of any such action if
(a) the named parties to such action (including any impleaded parties) include both the Indemnifying Party and the Indemnified Party and the Indemnified Party has been advised by counsel that representation of the Indemnified Party and the
Indemnifying Party by the same counsel would be inappropriate under applicable standards of professional conduct or that there may be one or more legal defenses available to the Indemnified Party that are different from or additional to those
available to the Indemnifying Party, (b) the Indemnifying Party fails to assume the defense of such action promptly with counsel approved by the Indemnified Party as provided above or (c) the Indemnifying Party is unable to provide
evidence reasonably satisfactory to the Indemnified Party of its financial capacity to fulfill its indemnification obligations hereunder. If the Indemnifying Party assumes the defense of any such action, the Indemnified Party shall have the right to
employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be paid by the Indemnified Party except in the circumstances described in clause (a) of the immediately preceding
sentence. If the Indemnifying Party does not assume the defense of any such action, it shall not be liable for the fees, disbursements and other charges of more than one separate firm of attorneys (in addition to local counsel) for all Indemnified
Parties similarly situated in such action, except to the extent that any Indemnified Party is advised by counsel that representation of all Indemnified Parties by the same counsel would be inappropriate under applicable standards of professional
conduct or that there may be one or more legal defenses available to such Indemnified Party that are inconsistent with those available to other Indemnified Parties. No Indemnifying Party shall be liable for any settlement entered into without its
written consent, which consent shall not be unreasonably withheld. No Indemnifying Party shall, without the consent of such Indemnified Party, effect any settlement of any pending or threatened proceeding in respect of which such Indemnified Party
is a Party and has sought indemnification hereunder unless such settlement includes an unconditional release of such Indemnified Party from all liability for claims that are the subject matter of such proceeding. 

  
 20 

	9.4	 Contribution. 

 

	 	(a)	 If the indemnification provided for in this Section 9 from the Indemnifying Party is unavailable to an
Indemnified Party hereunder in respect of any Liabilities referred to herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount paid or payable by such Indemnified Party as a result of such
Liabilities in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party and Indemnified Party in connection with the actions which resulted in such Liabilities, as well as any other relevant equitable considerations.
The relative faults of such Indemnifying Party and Indemnified Party shall be determined by reference to, among other things, whether any action in question, including any untrue or alleged untrue statement of a material fact or omission or alleged
omission to state a material fact, has been made by, or relates to information supplied by, such Indemnifying Party or Indemnified Party, and the Parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such action. The amount paid or payable by a Party as a result of the Liabilities referred to above shall be deemed to include, subject to the limitations set forth in Sections 9.1, 9.2 and 9.3, any legal or other fees, charges or expenses
reasonably incurred by such Party in connection with any investigation or proceeding; provided that the total amount to be contributed by such Holder shall be limited to the net proceeds received by such Holder in the offering.

  

	 	(b)	 The Parties hereto agree that it would not be just and equitable if contribution pursuant to this
Section 9.4 were determined by pro rata allocation or by any other method of allocation which does not take account of the equitable considerations referred to in the immediately preceding paragraph. No Person guilty of fraudulent
misrepresentation (within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. 

  
 21 

 SECTION 10 

RULE 144 
  

	10.1	 From and after the IPO Effectiveness Date, the Company shall (a) file any reports required to be filed by
it under the Exchange Act, (b) make and keep public information available, as those terms are understood or defined under Rule 144 and (c) take such further action as each Holder of Registrable Securities may reasonably request (including
providing any information necessary to comply with Rule 144 under the Securities Act), all to the extent required from time to time to enable such Holder to sell Registrable Securities without registration under the Securities Act within the
limitation of the exemptions provided by (a) Rule 144 under the Securities Act, as such rule may be amended from time to time, or Regulation S under the Securities Act or (b) any similar rules or regulations hereafter adopted by the
Commission. The Company shall, upon the request of any Holder, deliver to such Holder a written statement as to whether it has complied with such requirements. 

SECTION 11 
 NON-U.S. LISTINGS 
 In the event that the Ordinary Shares are listed on any securities exchange outside the United
States, the Company shall (a) use all reasonable and diligent efforts to cause all Conversion Shares to be approved for listing and freely tradable on such stock exchange, subject to any lock-ups required
pursuant to the rules and regulations of the relevant exchange or applicable securities law and (b) furnish to the Holders such number of copies of prospectuses and such other documents as they may reasonably request to facilitate the
disposition of Conversion Shares by the Holders on such exchange. 
 SECTION 12 

MISCELLANEOUS 
  

	12.1	 Termination of Registration Rights. The right of any Holder to request registration or inclusion of
Registrable Securities in any registration pursuant to Sections 3, 4, and 5 shall terminate upon the earliest to occur of: (a) the fifth anniversary of the IPO Effectiveness Date; or (b) such time as Rule 144 or another similar exemption
under the Securities Act is available for the sale of all of such Holder’s Registrable Securities without limitation during a thirty-day period without registration. 

 

	12.2	 Recapitalizations, Exchanges, etc. The provisions of this Agreement shall apply to the full extent set
forth herein with respect to (a) the Ordinary Shares, (b) any and all ordinary or ordinary shares of common stock of the Company into which the Ordinary Shares are converted, exchanged or substituted in any recapitalization or other
capital reorganization by the Company and (c) any and all equity securities of the Company, any successor or assign of the Company (whether by merger, consolidation, sale of assets or otherwise) which may be issued in respect of, in conversion
of, in exchange for or in substitution of, the Ordinary Shares. The Company shall cause any successor or assign (whether by merger, consolidation, sale of assets or otherwise) to enter into a registration rights agreement with the Holders on terms
substantially the same as this Agreement as a condition of any such transaction. 

  
 22 

	12.3	 No Inconsistent Agreements. The Company represents and warrants that it has not granted to any Person
the right to request or require the Company to register any securities issued by the Company, other than the rights granted to the Holders herein. Without the prior written consent of Holders holding in aggregate not less than 66% of the Registrable
Securities then outstanding, the Company shall not enter into any agreement with respect to its securities that is inconsistent with the rights granted to the Holders in this Agreement or grant any additional registration rights (including any
incidental or piggyback registration right that is in any respect superior to the right to Incidental Registration to which the Holders are entitled) to any Person or with respect to any securities which are not Registrable Securities which are
prior in right to or inconsistent with the rights granted in this Agreement. 

  

	12.4	 Remedies. The Holders, in addition to being entitled to exercise all rights granted by law, including
recovery of damages, shall be entitled to specific performance of their rights under this Agreement. The Company agrees that monetary damages would not be adequate compensation for any loss incurred by reason of a breach by it of the provisions of
this Agreement and hereby agrees to waive in any action for specific performance the defense that a remedy at law would be adequate. 

  

	12.5	 Amendments and Waivers. Except as otherwise provided herein, the provisions of this Agreement may not be
amended, waived, modified or supplemented without the written consent of each Party. 

  
 23 

	12.6	 Notice Addresses and Method of Delivery. The initial address and facsimile for each Party for the
purposes of this Agreement are: 

  

					
	the Company:	 	Attention:	  	Yulin WANG
		 	Address:	  	Kingsoft Tower, No 33 Xiao Ying West Road, Haidian District, Beijing (100085)
		 	Electronic Mail: 	  	WangYulin@kingsoft.com
			
	the IDG Investor:	 	Attention:	  	Chi Sing HO
		 	Address:	  	c/o IDG Capital Management (HK) Ltd.
Unit 5505, The Center 99 Queen’s Road Central, Hong Kong
		 	Fax:	  	852-2529 1619
			
		 	With a copy to:	  	
			
		 	Attention:	  	Ms. Bin Li/Ms. Mi Zhou
		 	Address:	  	Room 616, Tower A, COFCO Plaza, 8 Jianguomennei Dajie Beijing, 100005, P.R. China
		 	Fax:	  	8610-8512 0225
			
	Kingsoft:	 	Attention:	  	Francis NG
		 	Address:	  	Building D, Xiaomi Campus, No. 33 Xi erqi Middle Road, Haidian District, Beijing, 100085, China.
		 	Electronic Mail: 	  	Francis.NG@kingsoft.com
			
	the AMC Investor:	 	 Attention: 
	  	Zhang Xiaoling
		 	Address: 	  	P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands
		 	Fax:	  	+852 3406 8500
			
	Xiaomi:	 	Attention:	  	Lei Jun
		 	Address:	  	Xiaomi Campus, No. 33 Xi erqi Middle Road, Haidian District, Beijing, 100085, China
		 	Electronic Mail:	  	leijun@xiaomi.com
			
	the Metawit Investor:	 	Attention:	  	Tseng, Kuo-Lung
		 	Address:	  	Suite 1603, 135 Trade Center,135 Bonham Strand, Sheung Wan, Hong Kong
		 	Electronic Mail:	  	gordon@liyuecapital.com
			
	the Minsheng Investor:	 	Attention:	  	Zheng Cao
		 	Address:	  	18/F, Tower C, Minsheng Financial Center, No.28 Jianguomennei Avenue, Beijing, China
		 	Electronic Mail:	  	caozheng@msxt.com
		
	the Shunwei Investor:	 	 Attention:
MR. TUCK LYE KOH (许达来)

		 	Address:	  	Vistra Corporate Services Center, Wickhams Cay II, Road Town, Tortola, VG 1110, British Virgin Islands
		 	Electronic Mail:	  	tlkoh@shunwei.com; legal@shunwei.com; finance@shunwei.com
			
		 	With a copy to:	  	
			
		 	Attention:	  	Mr. Tuck Lye Koh (许达来)
		 	Address:	  	Unit 1309A, 13/F, Cable TV Tower, No. 9 Hoi Shing Road, Tsuen Wan, N.T., Hong Kong
		 	Email:	  	tlkoh@shunwei.com; legal@shunwei.com; finance@shunwei.com
		 	Telephone:	  	+852 24050088
		 	Fax:	  	+852 24050003

  
 24 

					
	the Forebright Investor:	 	 Attention:
	  	the Board of Director
		 	Address:	  	C/O Forebright Capital Management Limited, Suite 3720 Jardine House, 1 Connaught Place, Central, Hong Kong
		 	Electronic Mail:	  	kiril.ip@forebrightcapital.com
			
	FutureX Capital:	 	Attention:	  	Laurel Rong
		 	Address:	  	Units 2401-03, 24/F., Grand Millennium Plaza,181 Queen’s Road Central, Hong Kong
		 	Electronic Mail:	  	ryq@futurexcapital.com
			
	the CIIF Investor	 	Attention:	  	CHENG Fan (程帆)
		 	Address:	  	Building 20, No. 1 Tianning Cultural and Technological Innovation Park, No. 16 Lianhuachi East Road, Xicheng District, Beijing
		 	Fax:	  	83257671
		 	Email:	  	cf@ciifund.cn
			
	the CCBI Investor	 	Attention:	  	Ricky Gao
		 	Address:	  	12/F, CCB Tower, 3 Connaught Road Central, Central, Hong Kong
		 	Fax:	  	+852 2140 6088
		 	Email:	  	rickyg@ccbintl.com
			
		 	Attention:	  	Jason Han
		 	Address:	  	12/F, CCB Tower, 3 Connaught Road Central, Central, Hong Kong
		 	Fax:	  	+852 2140 6088
		 	Email:	  	Jasonhan@ccbintl.com

  

	12.7	 Successors and Assigns; Third Party Beneficiaries. This Agreement shall inure to the benefit of and be
binding upon the heirs, legatees, legal representatives, successors and permitted assigns of each of the Parties hereto, including without limitation, and without the need for an express assignment, subsequent Holders of Registrable Securities;
provided, that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Securities in violation of the terms hereof or of the Shareholders Agreement. If any transferee of any Holder shall
acquire Registrable Securities in any manner, whether by operation of law or otherwise, such Registrable Securities shall be held subject to all of the terms of this Agreement and, by taking and holding such Registrable Securities, such Person shall
be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement and shall be entitled to receive the benefits hereof, provided that the Holder has given written notice to the Company in respect
of the transfer and that such transfer (a) is in connection with a transfer of all of its Registrable Securities, (b) involves a transfer of at least 100,000 Registrable Securities or (c) is made to institutional partner(s) of the
Holder or any transferees who agreed to act through a single representative. Except as provided in Section 9, no Person other than the parties hereto and their heirs, legatees, legal representatives, successors and permitted assigns is intended
to be a beneficiary of any of the rights granted hereunder. 

  
 25 

	12.8	 Counterparts. This Agreement may be executed in fifteen counterparts and by the parties hereto in
separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Facsimile and e-mailed copies of signatures
shall be deemed to be originals for purposes of the effectiveness of this Agreement. 

  

	12.9	 Headings. The headings in this Agreement are for convenience of reference only and shall not limit or
otherwise affect the meaning hereof. 

  

	12.10	 GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE
STATE OF NEW YORK, WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW OF ANY JURISDICTION. 

  

	12.11	 Arbitration. 

  

	 	(a)	 Any dispute, controversy or claim arising out of, in connection with or relating to this Agreement (or the
interpretation, breach, termination or validity thereof) shall be resolved through arbitration. A dispute may be submitted to arbitration upon the request of either Party with written notice to the other (the “Arbitration Notice”).

  

	 	(b)	 The arbitration shall be conducted in Hong Kong and administered by the Hong Kong International Arbitration
Centre (the “HKIAC”) under the UNCITRAL Arbitration Rules in force at the time of the initiation of the arbitration. There shall be three (3) arbitrators. The claimants to the dispute shall collectively choose one arbitrator,
and the respondents shall collectively choose one arbitrator, within thirty (30) days after the delivery of the Notice to the other Party. Both arbitrators shall agree on the third arbitrator within thirty (30) days of their appointment.
If any of the members of the arbitral tribunal have not been appointed within thirty (30) days after the Arbitration Notice is given, the relevant appointment shall be made by the Secretary General of the HKIAC. The arbitration shall be
conducted in the English language. 

  

	 	(c)	 Each Party shall cooperate with the other in making full disclosure of and providing complete access to all
information and documents requested by the other in connection with such arbitration proceedings, subject only to any doctrine of legal privilege or any confidentiality obligations binding on such Party. 

 

	 	(d)	 The costs of arbitration shall be borne by the losing Party, unless otherwise determined by the arbitration
tribunal. 

  
 26 

	 	(e)	 When any dispute occurs and when any dispute is under arbitration, except for the matters in dispute, the
Parties shall continue to fulfill their respective obligations and shall be entitled to exercise their rights under this Agreement. 

  

	 	(f)	 The award of the arbitration tribunal shall be final and binding upon the Parties, and the prevailing Party may
apply to a court of competent jurisdiction for enforcement of such award. 

  

	 	(g)	 Either Party shall be entitled to seek preliminary injunctive relief from any court of competent jurisdiction
pending the constitution of the arbitration tribunal. 

  

	 	(h)	 The Parties to this Agreement are bound by this arbitration agreement (the “Arbitration
Agreement”), each to each other, provided they have signed this Agreement. 

  

	 	(i)	 The Parties to this Arbitration Agreement agree to the consolidation of arbitrations in accordance with the
provisions of this Section 12.11. 

  

	 	(i)	 In the event of two or more arbitrations having been commenced under the Arbitration Agreement, the tribunal in
the arbitration first filed (the “Principal Tribunal”) may in its sole discretion, upon the application of any Party to the arbitrations, order that the proceedings be consolidated before the Principal Tribunal if (1) there are
issues of fact and/or law common to the arbitrations, (2) the interests of justice and efficiency would be served by such a consolidation, and (3) no prejudice would be caused to any Party in any material respect as a result of such
consolidation, whether through undue delay or otherwise. Such application shall be made as soon as practicable and the Party making such application shall give notice to the other Parties to the arbitrations. 

 

	 	(ii)	 The Principal Tribunal shall be empowered to (but shall not be obliged to) order at its discretion, after
inviting written (and where desired oral) representations from the Parties that all or any of such arbitrations shall be consolidated or heard together and/or that the arbitrations be heard immediately after another and shall establish a procedure
accordingly. All Parties shall take such steps as are necessary to give effect and force to any orders of the Principal Tribunal. 

  

	 	(iii)	 If the Principal Tribunal makes an order for consolidation, it: (1) shall thereafter, to the exclusion of
other arbitral tribunals, have jurisdiction to resolve all disputes forming part of the consolidation order; (2) shall order that notice of the consolidation order and its effect be given immediately to any arbitrators already appointed in
relation to the disputes that were consolidated under the consolidation order; and (3) may also give such directions as it considers appropriate (i) to give effect to the consolidation and make provision for any costs which may result from
it (including costs in any arbitration rendered functus officio under this Section 12.11); and (ii) to ensure the proper organization of the arbitration proceedings and that all the issues between the Parties are properly formulated
and resolved. 

  
 27 

	 	(iv)	 Upon the making of the consolidation order, any appointment of arbitrators relating to arbitrations that have
been consolidated by the Principal Tribunal (except for the appointment of the arbitrators of the Principal Tribunal itself) shall for all purposes cease to have effect and such arbitrators are deemed to be functus officio, on and from the
date of the consolidation order. Such cessation is without prejudice to (1) the validity of any acts done or orders made by such arbitrators before termination, (2) such arbitrators’ entitlement to be paid their proper fees and
disbursements and (3) the date when any claim or defense was raised for the purpose of applying any limitation period or any like rule or provision. 

  

	 	(v)	 The Parties hereby waive any objections they may have as to the validity and/or enforcement of any arbitral
awards made by the Principal Tribunal following the consolidation of disputes or arbitral proceedings in accordance with this Section 12.11 where such objections are based solely on the fact that consolidation of the same has occurred.

  

	12.12	 Severability. If any one or more of the provisions contained herein, or the application thereof in any
circumstance, is held invalid, illegal or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision in every other respect and of the remaining provisions hereof shall not be in any way impaired, it
being intended that all of the rights and privileges of the Holders shall be enforceable to the fullest extent permitted by law. 

  

	12.13	 Entire Agreement. This Agreement is intended by the parties as a final expression of their agreement and
intended to be a complete and exclusive statement of the agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth
or referred to herein and in the other Transaction Documents (as defined in the Shareholders Agreement, except for the Prior Registration Agreement). This Agreement supersedes all prior agreements and understandings among the parties with respect to
such subject matter including the Prior Registration Agreement. 

  

	12.14	 Further Assurances. Each of the Parties shall execute such documents and perform such further acts as
may be reasonably required or necessary to carry out or to perform the provisions of this Agreement. 

  
 28 

	12.15	 Other Agreements. Nothing contained in this Agreement shall be deemed to be a waiver of, or release
from, any obligations any party hereto may have under, or any restrictions on the transfer of Registrable Securities or other securities of the Company imposed by, any other agreement including, but not limited to the Shareholders Agreement.

 [Remainder of page intentionally left blank] 

  
 29 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	KINGSOFT CLOUD HOLDINGS LIMITED
		
	By:	 	 /s/ Yulin Wang

	Name:	 	Yulin Wang
	Title:	 	Director, Chief Executive Officer

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	CELESTIAL POWER LIMITED
		
	By:	 	 /s/ Chi Sing Ho

	Name:	 	Chi Sing Ho
	Title:	 	Authorized Signatory

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	KINGSOFT CORPORATION LIMITED
		
	By:	 	 /s/ Yuk Keung Ng

	Name:	 	Yuk Keung Ng
	Title:	 	CFO

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	CHINAAMC SPECIAL INVESTMENT LIMITED
		
	By:	 	 /s/ Xiaoling Zhang

	Name:	 	Xiaoling Zhang
	Title:	 	Director

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	XIAOMI CORPORATION
		
	By:	 	 /s/ Shou Zi Chew

	Name:	 	Shou Zi Chew
	Title:	 	CFO

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	 METAWIT Capital L.P.
 (元慧资本有限合伙)

		
	By:	 	 /s/ Tseng, Kuo-Lung

	Name:	 	Tseng, Kuo-Lung
	Title:	 	Authorized Signatory of METAWIT Management Ltd acting as General Partner for and on behalf of METAWIT Capital L.P.

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	NEW CLOUD LTD.
		
	By:	 	 /s/ Dingzhe Liu

	Name:	 	Dingzhe Liu
	Title:	 	Director

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	SHUNWEI GROWTH III LIMITED
		
	By:	 	 /s/ Tuck Lye KOH

	Name:	 	Tuck Lye KOH
	Title:	 	Director

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	PRECIOUS STEED LIMITED
		
	By:	 	 /s/ Ip Kun Wan

	Name:	 	Ip Kun Wan
	Title:	 	Authorised Signature

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	FUTUREX INNOVATION SPC – Special Opportunity Fund VI SP
		
	By:	 	 /s/ Zhang Qian

	Name:	 	Zhang Qian
	Title:	 	Director
	
	FutureX AI Opportunity Fund LP (acting through FutureX Innovation Limited as its general partner)
		
	By:	 	 /s/ Zhang Qian

	Name:	 	Zhang Qian
	Title:	 	Director
	
	FutureX Innovation SPC (acting for and on behalf of New Technology Fund I SP as one of its segregated portfolios)
		
	By:	 	 /s/ Zhang Qian

	Name:	 	Zhang Qian
	Title:	 	Director
	
	Howater Innovation I Limited Partnership
		
	By:	 	 /s/ Zhang Qian

	Name:	 	Zhang Qian
	Title:	 	Authorize Signer
	
	FUTUREX INNOVATION SPC (for the account of and on behalf of Special Opportunity Fund V SP)
		
	By:	 	 /s/ Zhang Qian

	Name:	 	Zhang Qian
	Title:	 	Director

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	 CHINA INTERNET INVESTMENT FUND.
 (中国互联网投资基金(有限合伙))

	  
 Seal: /s/ Seal of China Internet Investment
Fund.

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT] 

 IN WITNESS WHEREOF, the undersigned have executed this Agreement as of the date first above written.

  

			
	DESIGN TIME LIMITED
		
	By:	 	 /s/ Li Ngai

	Name:	 	Li Ngai
	Title:	 	Director

  
 KINGSOFT CLOUD HOLDINGS
LIMITED 
 [SIGNATURE PAGE TO REGISTRATION RIGHTS AGREEMENT]EX-10.18

 Exhibit 10.18 

SHARE PURCHASE AGREEMENT 

THIS SHARE PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of September 12, 2017 by and among, 

 

	(1)	 Kingsoft Cloud Holdings Limited (the “Company”), a limited liability company organized under
the laws of the Cayman Islands; 

  

	(2)	 Kingsoft Cloud Corporation Limited (the “HK Company”), a limited liability company organized
under the laws of the Hong Kong Special Administrative Region (“Hong Kong”) of the People’s Republic of China; 

  

	(3)	 Beijing Jinshanyun Technology Co., Ltd.
(北京金山云科技有限公司) (the “PRC Subsidiary 1”), a wholly foreign-owned enterprise established under the
laws of the PRC; 

  

	(4)	 Beijing Yunxiang Zhisheng Technology Co., Ltd.
(北京云享智胜科技有限公司
) (the “PRC Subsidiary 2”, PRC Subsidiary 1 and PRC Subsidiary 2 are collectively referred to as the “PRC Subsidiaries”), a wholly foreign-owned enterprise established under the laws of
the PRC; 

  

	(5)	 Zhuhai Jinshanyun Technology Co., Ltd.
(珠海金山云科技有限公司) (the “ICP Hold Co”), a limited liability company established under the laws of the
PRC; 

  

	(6)	 Beijing Jinshanyun Internet Technology Co., Ltd.
(北京金山云网络技术有限公司) (the “ICP Co”); 

 

	(7)	 Hainan Chengmai Yunxiang Zhisheng Internet Technology Co., Ltd. (海南澄迈云享智胜网络技术有限公司) (the “ICP Co Subsidiary 1”), a limited liability
company established under the laws of PRC and a wholly owned subsidiary of ICP Co; 

  

	(8)	 Beijing Jinxun Ruibo Internet Technology Co., Ltd.
(北京金迅瑞博网络技术有限公司) (the “ICP Co Subsidiary 2”), a limited liability company
established under the laws of the PRC and a wholly owned subsidiary of ICP Co; 

  

	(9)	 Suzhou Yunxiang Zhisheng Internet Technology Co., Ltd.
(宿州云享智胜网络技术有限公司) (the “ICP Co Subsidiary 3”), a limited liability company
established under the laws of the PRC and a wholly owned subsidiary of ICP Co; 

  

	(10)	 Shanghai Ruidian Network Technology Co., Ltd.
(上海锐巅网络科技有限公司) (the “ICP Co Subsidiary 4”), a joint venture company established under the
laws of the PRC; 

  

	(11)	 Nanjing Qianyi Shixun Information Technology Co., Ltd.
(南京仟壹视讯信息技术有限公司) (the “ICP Co Subsidiary 5”, together with ICP Co, ICP Hold
Co, ICP Co Subsidiary 1, ICP Co Subsidiary 2, ICP Co Subsidiary 3 and ICP Co Subsidiary 4, the “Domestic Enterprises”, and each a “Domestic Enterprise”; the PRC Subsidiaries and the Domestic Enterprises are
collectively referred to as the “PRC Companies”, and each a “PRC Company”), a limited liability company established under the laws of the PRC and a wholly owned subsidiary of ICP Co; 

	(12)	 Kingsoft Corporation Limited (“Kingsoft”), a limited liability company organized under the
laws of the Cayman Islands; 

  

	(13)	 Autogold Limited (the “Officer Holdco”, together with Kingsoft, the “Existing
Shareholders”, and each an “Existing Shareholder”), a limited liability company organized under the laws of the British Virgin Islands; 

 

	(14)	 Mr. WANG Yulin (王育林), a
citizen of the PRC with ID card number of * (the “Officer”); and 

  

	(15)	 LIYUE JINSHI INVESTMENT L.P.
(骊悦金实投资有限合伙), an exempted limited partnership registered and existing under the laws of the Cayman Islands (the
“Liyue Investor”, together with Kingsoft, the “Purchasers”, and each, a “Purchaser”). 

RECITALS: 

A.    The Existing Shareholders, the Management Holdco, Core Pacific-Yamaichi International (H.K.) Nominees Limited,
Mr. ZHANG Hongjiang (张宏江), Celestial Power Limited (the “IDG Investor”), ChinaAMC Special
Investment Limited (the “AMC Investor”), Xiaomi Corporation (“Xiaomi”) and Buddies Team Limited (the “CM Investor”), collectively own 100% of the issued and outstanding shares of the Company prior
to the Closing. 
 B.    The Company owns 100% of the equity interests of the HK Company, and the HK Company owns
100% of the equity interests of each of the PRC Subsidiaries. The PRC Subsidiary 1 Controls the Domestic Enterprises through a captive structure by virtue of the Restructuring Documents (as defined below). 

C.    Mr. WANG Yulin owns 100% of the issued and outstanding shares of the Officer Holdco. The Management
collectively own 100% of the issued and outstanding shares of the Management Holdco. 
 D.    Mrs. QIU Weiqin and
Kingsoft Digital Entertainment Technology Co., Ltd. (北京金山数字娱乐科技有限公司) collectively own 100% of the registered capital of ICP Hold Co, which is the sole shareholder of ICP Co. 

E.    The Domestic Enterprises are engaged in the development of technologies, software and services relating to cloud
computing, the development of technologies, software and services relating to cloud storage, video cloud, CDN and other types of cloud services and the development of value-added services and software based on cloud computing (the “Principal
Business”). 
 F.    The Company desires to issue, sell and allot to each Purchaser, and each Purchaser desires
to purchase from the Company, the relevant number of Purchased Shares (as defined below) set forth in Section 2.2 on the terms and conditions set forth in this Agreement. 

  
 2 

 The Company, the HK Company, the PRC Subsidiaries, ICP Hold Co, ICP Co, and each subsidiary
of the foregoing, either Controlled by contractual commitment or equity ownership, are hereinafter referred to as the “Group Companies” collectively, and each, a “Group Company”. 

AGREEMENT 
 NOW,
THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

  

	 	1.	 DEFINITIONS 

1.1    Definitions. In this Agreement, unless the context otherwise requires the following words and expressions
have the following meanings: 
 “Affiliate” of a person (the “Subject Person”) means (i) in the case of Subject
Person that is a natural person, any other person that is a spouse or parent, grandparent, child, grandchild, brother or sister or the spouse thereof (collectively, “Immediate Family”) of the Subject Person or is directly or
indirectly Controlled by such Subject Person or member of his/her Immediate Family; and (ii) in the case of a Subject Person other than a natural person, any other person directly or indirectly Controlling, Controlled by or under common Control
with the Subject Person. 
 “Board” means the board of directors of the Company. 

“business day” means any day other than a Saturday, Sunday or other day on which commercial banks in the New York, Cayman Islands, the PRC or
Hong Kong are required or authorized by law or executive order to be closed. 
 “Company Financial Statements” means the unaudited
consolidated balance sheet and statements of income of the Company for the year of 2016 and the period commencing on January 1, 2017 to March 31, 2017 and the audited financial statements of the PRC Subsidiary 1 for the year of 2016, the
audited financial statements of the ICP Hold Co for the year of 2016 and the audited financial statements of the ICP Co for the year of 2016. 

“Control” of a given person means the power or authority, whether exercised or not, to direct or cause the direction of the business,
management and policies of such person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise, which power or authority shall conclusively be presumed to exist upon possession of beneficial ownership or
power to direct the vote of more than fifty percent (50%) of the votes entitled to be cast at a meeting of the members or shareholders of such person or power to control the appointment of a majority of the board of directors of such person; the
terms “Controlling” and “Controlled” have meanings correlative to the foregoing. 
 “ESOP” means the
Share Award Scheme (as amended), the Share Option Scheme (as amended) and other employee stock incentive plans of the Company as may be approved in accordance with the Restated Articles and the Restated Shareholders Agreement and adopted by the
Company from time to time, under which Shares of the Company have been or shall be issued and reserved for issuance to employees, officers, directors, contractors, advisors or consultants of the Group Companies. 

  
 3 

 “Existing SHA” means the fourth amended and restated shareholders agreement dated May 16,
2016 entered into by and among the Company, Kingsoft, Xiaomi, the IDG Investor, the AMC Investor, CM Investor and certain other parties thereto and the amendment thereto dated December 1, 2016 entered into by and among the Company, Kingsoft,
Xiaomi, the IDG Investor, the AMC Investor, CM Investor and certain other parties thereto. 
 “Financial Statements Date” means
March 31, 2017. 
 “Fundamental Warranties” means the representations and warranties of Group Companies set forth in Sections 4.1
(Organization, Standing and Qualification), 4.2 (Capitalization and Other Particulars of the Group Companies), 4.3 (Due Authorization), 4.4 (Valid Issuance of Purchased Shares), 4.5 (No Conflicts), 4.6 (Compliance with Law; Licenses), 4.8 (Financial
Statements) and 4.19 (Taxes). 
 “Governmental Authority” means any government or political subdivision thereof; any department, agency or
instrumentality of any government or political subdivision thereof; any court or arbitral tribunal; and the governing body of any securities exchange, in each case having competent jurisdiction. 

“Intellectual Property License Agreement” means an intellectual property license agreement entered into by and among Beijing Jinshan Digital
Entertainment Technology Co., Ltd (北京金山数字娱乐科技有限公司)(“Jinshan Digital”), Zhuhai Jinshan Software Co., Ltd
(珠海金山软件有限公司) (“Zhuhai Jinshan”), Beijing
Jinshan Software Co., Ltd (北京金山软件有限公司)(“Beijing
Jinshan”), PRC Subsidiary 1 and ICP Co. on November 9, 2012 in respect of license of certain trademarks and patents to be used by PRC Subsidiary 1 and ICP Co. 

“Kingsoft Deed of Guarantee” means the deed of guarantee
(担保协议) entered into by and among Kingsoft, the Company, the HK Company, the ICP Holdco, the ICP Co, the
PRC Subsidiaries and other parties named therein on June 1, 2016, pursuant to which the applicable Group Companies agree to provide counter security to guarantee provided by a subsidiary of Kingsoft to secure the repayment of the loan provided
by the Zhongguancun sub-branch of the Bank of Beijing to the ICP Co with an aggregate principal amount of up to RMB400,000,000 (the “Beijing Bank Loan”). 

“Loan Agreement” means the loan agreement dated December 1, 2014 entered into by and among the Company, Kingsoft and Xiaomi, pursuant to
which Kingsoft agrees to provide to the Company loan up to an aggregate principal amount of US$500,000,000. 
 “Management” means the
ultimate beneficial owners of the Management Holdco, who hold all issued and outstanding shares of the Management Holdco indirectly through an intermediary whose issued and outstanding shares are all held by such beneficial owners, as listed in the
register of members of such intermediary provided to each Purchaser prior to the date of this Agreement. 

  
 4 

 “Management Holdco” means River Jade Holdings Limited, a limited liability company
organized under the laws of the British Virgin Islands. 
 “Management Restricted Share Agreement” means the second amended and
restated restricted share agreement entered into by and among the Company, Kingsoft, the Management and the Management Holdco dated October 12, 2015, as amended. 

“Mr. ZHANG Hongjiang” means ZHANG Hongjiang
(张宏江), a citizen of Singapore with passport number of *. 

“Mr. Zhang’s Agreements” means the restricted share agreement dated February 28, 2015 by and among the Company,
Mr. ZHANG Hongjiang, the Officer, the Officer Holdco, Kingsoft and other parties named therein and the supplemental agreement thereto dated December 1, 2016 by and among the parties thereto. 

“Officer Restricted Share Agreement” means the restricted share agreement dated February 28, 2015 by and among the Company,
Kingsoft, the Officer, the Officer Holdco and certain other parties thereto. 
 “Ordinary Shares” means the ordinary shares, par value
US$0.001 per share, of the Company, having the rights, preferences, privileges and restrictions as set forth in the Restated Articles. 

“person” means any natural person, firm, company, Governmental Authority, joint venture, partnership, association or other entity (whether or
not having separate legal personality). 
 “PRC” means the People’s Republic of China, which, for the purpose of this Agreement,
excludes Hong Kong, the Macau Special Administrative Region and Taiwan. 
 “Preferred Shares” means the Series A Preferred Shares,
the Series B Preferred Shares, the Series C Preferred Shares and the Series D Preferred Shares, each having the rights, preferences, privileges and restrictions as set forth in the Restated Articles. 

“Registration Rights Agreement” means a registration rights agreement to be entered into at the Closing and substantially in the form
attached hereto as Exhibit E. 
 “Related Party” means, with respect to a company, (i) any shareholder of such company that has
Control, joint Control or significant influence over such company, (ii) any director of such company, (iii) any senior officer of such company, (iv) any Immediate Family of a shareholder, director or senior officer of such company,
(v) any person in which any such person in any of (i) to (iv) above has Control, joint Control or significant influence over such person, other than a passive shareholding of less than 5% in a publicly listed company, or (vi) any
other person that Controls or is Controlled by or under common Control with any such person in any of (i) to (v) above. 
 “Restated
Articles” means the thirteenth amended and restated memorandum of association and articles of association of the Company as amended from time to time by Special Resolution (as defined in the Restated Articles) in the form as attached hereto
as Exhibit D. 

  
 5 

 “Restated Shareholders Agreement” means the fifth amended and restated shareholders
agreement to be entered into by the parties thereto at the Closing and substantially in the form attached hereto as Exhibit C. 

“Restructuring Documents” means a series of documents, according to which the Company is able to establish effective Control over, and
consolidate the financial results of, the Domestic Enterprises through the PRC Subsidiary 1, as amended. 
 “Series A Preferred Shares”
means the series A preferred convertible shares, par value US$0.001 per share, of the Company. 
 “Series B Preferred Shares” means the
series B preferred convertible shares, par value US$0.001 per share, of the Company. 
 “Series C Preferred Shares” means the series C
preferred convertible shares, par value US$0.001 per share, of the Company. 
 “Series D Preferred Shares” means the series D preferred
convertible shares, par value US$0.001 per share, of the Company. 
 “Share Award Scheme” means the share award scheme adopted by the Board
on February 22, 2013, as amended from time to time. 
 “Liyue Series D Share Charge” means a deed of share charge to be
entered into by the Company and Kingsoft with the Liyue Investor at the Closing and substantially in the form attached hereto as Exhibit F (the “Liyue Series D Share Charge”). 

“Share Option Scheme” means the share option scheme adopted by the shareholders of the Company on February 27, 2013, as amended from
time to time. 
 “Shares” means the Ordinary Shares, the Series A Preferred Shares, the Series B Preferred Shares, the Series C Preferred
Shares and the Series D Preferred Shares, each having the rights, preferences, privileges and restrictions as set forth in the Restated Articles. 

“Transaction Documents” means this Agreement, the Restated Shareholders Agreement, the Restated Articles, the Registration Rights Agreement,
the Liyue Series D Share Charge, the Restructuring Documents and any other agreements, letters or documents the execution of which is contemplated under any of the aforementioned documents. 

1.2    Terms Defined Elsewhere. The following terms are defined in this Agreement as follows: 

 

			
	 “Agreement”
	  	 Preamble

	 “AMC Investor”
	  	 Preamble

	 “Closing”
	  	 Section 3.1

	 “Closing Date”
	  	 Section 3.1

	 “CM Investor”
	  	 Preamble

	 “Company”
	  	 Preamble

	 “Disclosure Schedule”
	  	 Section 4

	 “Domestic Enterprise” and “Domestic Enterprises”
	  	 Preamble

  
 6 

			
	 “Existing Shareholder” and “Existing Shareholders”
	  	 Preamble

	 “Group Company” and “Group Companies”
	  	 Recitals

	 “Government Official”
	  	 Section 4.7

	 “Hong Kong”
	  	 Preamble

	 “HK Company”
	  	 Preamble

	 “ICP Co”
	  	 Preamble

	 “ICP Hold Co”
	  	 Preamble

	 “ICP Co Subsidiary 1”
	  	 Preamble

	 “ICP Co Subsidiary 2”
	  	 Preamble

	 “ICP Co Subsidiary 3”
	  	 Preamble

	 “ICP Co Subsidiary 4”
	  	 Preamble

	 “ICP Co Subsidiary 5”
	  	 Preamble

	 “IDG Investor”
	  	 Preamble

	 “Indemnified Person”
	  	 Section 9.1

	 “Indemnifiable Losses”
	  	 Section 9.1

	 “Key Employees”
	  	 Section 6.9

	 “Kingsoft”
	  	 Preamble

	 “Kingsoft Purchase Price”
	  	 Section 2.2

	 “knowledge”
	  	 Section 4

	 “Liabilities”
	  	 Section 4.10

	 “Licenses”
	  	 Section 4.6

	 “Liyue Investor”
	  	 Preamble

	 “Liyue Purchase Price”
	  	 Section 2.2

	 “Material Adverse Effect”
	  	 Section 4

	 “Material Contracts”
	  	 Section 4.16

	 “Officer”
	  	 Preamble

	 “Officer Holdco”
	  	 Preamble

	 “PRC Company” and “PRC Companies”
	  	 Preamble

	 “PRC Subsidiary 1”
	  	 Preamble

	 “PRC Subsidiary 2”

“PRC Subsidiaries”
	  	 Preamble

Preamble

	 “Principal Business”
	  	 Recitals

	 “Proprietary Assets”
	  	 Section 4.13

	 “Purchase Price”
	  	 Section 2.2

	 “Purchased Shares”
	  	 Section 2.1

	 “Purchaser” and “Purchasers”

“Related Party Transaction”
	  	 Preamble

Section 4.18

	 “SEC”
	  	 Section 5.1

	 “Tax Returns”
	  	 Section 4.19

	 “UNCITRAL Rules”
	  	 Section 10.13

	 “Xiaomi”
	  	 Recitals

 1.3    Interpretation. 

(a)    Directly or Indirectly. The phrase “directly or indirectly” means directly or indirectly through
one or more intermediate persons or through contractual or other arrangements, and “direct or indirect” has the correlative meaning. 

(b)    Gender and Number. Unless the context otherwise requires, all words (whether gender-specific or gender
neutral) shall be deemed to include each of the masculine, feminine and neuter genders, and words importing the singular include the plural and vice versa. 

  
 7 

 (c)    Include not Limiting. “Include,”
“including,” “are inclusive of” and similar expressions are not expressions of limitation and shall be construed as if followed by the words “without limitation.” 

(d)    Law. References to “law” shall include all applicable laws, regulations, rules and orders of any
Governmental Authority, including any common or customary law, constitution, code, ordinance, statute or other legislative measure and any regulation, rule, treaty, order, decree or judgment; and “lawful” shall be construed accordingly.

 (e)    References to Documents. References to this Agreement include the Schedules and Exhibits, which form an
integral part hereof. A reference to any Section, Schedule or Exhibit is, unless otherwise specified, to such Section of, or Schedule or Exhibit to, this Agreement. The words “hereof,” “hereunder” and “hereto,” and
words of like import, refer to this Agreement as a whole and not to any particular Section hereof or Schedule or Exhibit hereto. A reference to any document (including this Agreement) is to that document as amended, consolidated, supplemented,
novated or replaced from time to time. 
 (f)    Share Calculations. In calculations of share numbers, references
to a “fully diluted basis” mean that the calculation is to be made assuming that all outstanding and reserved equity securities convertible into or exercisable or exchangeable for Ordinary Shares (whether or not by their terms then
currently convertible, exercisable or exchangeable), have been so converted, exercised or exchanged, excluding any shares of the Company issuable to each of Kingsoft and Xiaomi upon exercise of its respective conversion right pursuant to the Loan
Agreement or issuable to each of the IDG Investor, the AMC Investor, the CM Investor and the Liyue Investor upon exercise of its conversion right pursuant to the Restated Shareholders Agreement so long as such conversion right has not been
exercised. Any reference to a number or price of Ordinary Shares shall be appropriately adjusted to reflect any share subdivision, share consolidation, share dividend, share reclassification, restructuring, capitalization issuance or similar
transaction affecting the share capital of the Company. 
 (g)    Time. Except as otherwise provided, for
purposes of calculating the length of time from a given day or the day of a given act or event, the relevant period shall be calculated exclusive of that day. If the day on or by which a payment must be made is not a business day, that payment must
be made on or by the business day immediately following such day. 
 (h)    Writing. References to writing
include any mode of reproducing words in a legible and non-transitory form. 

(i)    Language. This Agreement is drawn up in the English language. If this Agreement is translated into any other
language, the English language text shall prevail. 

  
 8 

	 	2.	 AGREEMENT TO PURCHASE AND SELL SHARES 

2.1    Authorization. As of the Closing (as defined below), the Company will have authorized the issuance of
117,845,456 Series D Preferred Shares (the “Purchased Shares”). 
 2.2    Agreement to Purchase and
Sell. All the parties hereto agree the pre-money valuation of the Company is US$1,600,000,000. Subject to the terms and conditions hereof, the Company hereby agrees to issue and sell to each of Kingsoft
and the Liyue Investor, and (a) Kingsoft hereby agrees to purchase from the Company, 58,922,728 Purchased Shares, at an aggregate purchase price of US$50,000,000 (the “Kingsoft Purchase Price”), (b) the Liyue Investor hereby
agrees to purchase from the Company, 58,922,728 Purchased Shares, at an aggregate purchase price of US$50,000,000 (the “Liyue Purchase Price”, together with the Kingsoft Purchase Price, the “Purchase Price”
of each Purchaser). At the Closing, subject to fulfillment or waiver of the conditions set forth under Section 6 and Section 7, the Purchase Price shall be paid by the relevant Purchaser by wire transfer of immediately available funds to
an account designated by the Company. 
  

	 	3.	 CLOSING; DELIVERY 

3.1    Closing. The purchase and sale of the Purchased Shares hereunder shall be held remotely via exchange of
documents and signatures as soon as practical after fulfillment or waiver of the closing conditions set forth in Sections 6 and 7 or at such other date or time as the Company and the Purchasers may mutually agree upon (the “Closing”
and the date of the Closing, the “Closing Date”), but in no event later than September 25, 2017 if the closing conditions set forth in Sections 6 and 7 are fulfilled or waived prior to such date. The Closing of the purchase and sale
of the Purchased Shares by the Purchasers shall occur simultaneously. 
 3.2    Delivery by the Company. At the
Closing, in addition to those items the delivery of which is made an express closing condition under Sections 6, the Company shall deliver to each Purchaser a copy of the Company’s register of members, updated to show the Purchasers as the
holders of the relevant number of the Purchased Shares as set forth in Section 2.2. 
 3.3    Delivery by
the Purchasers. At the Closing, in addition to those items the delivery of which is made an express closing condition under Section 7, (a) Kingsoft shall pay the Kingsoft Purchase Price, and (b) the Liyue Investor shall
pay the Liyue Purchase Price, in each case by wire transfer of immediately available funds in U.S. dollars to an account designated by the Company. If any portion of the Purchase Price is to be paid by a currency other than U.S. dollar, the exchange
rate between such currency and U.S. dollar shall be the selling rate of U.S. dollar quoted by Bank of China at 9:00 a.m. on the Closing Date. 
  

	 	4.	 REPRESENTATIONS AND WARRANTIES OF THE GROUP COMPANIES 

The Group Companies, jointly and severally, hereby represent and warrant to each Purchaser, except as set forth in the disclosure schedule
attached hereto as Exhibit B (the “Disclosure Schedule”), as of the date hereof and the Closing Date hereunder, as follows. In this Agreement, any reference to a party’s “knowledge” means such
party’s actual knowledge, and the knowledge which should have been acquired by such party after making such due inquiry and exercising such due diligence as a prudent business person would have made or exercised in the management of his or her
business affairs, including but not limited to due and diligent inquiries of officers, directors and other employees of such party reasonably believed to have knowledge of the matter in question; any reference to “Material Adverse
Effect” means the material adverse effect on the condition (financial or otherwise), operation or management of, assets or liabilities relating to, or results of operation (historical or prospective) of the Principal Business (as presently
conducted and proposed to be conducted) or of the Group Companies as a whole. 

  
 9 

 4.1    Organization, Standing and Qualification. Each Group
Company is duly organized, validly existing and in good standing (or equivalent status in the relevant jurisdiction) under, and by virtue of, the laws of the place of its incorporation or establishment and has all requisite power and authority to
own its properties and assets, and to perform each of its obligations hereunder and under any agreement contemplated hereunder to which it is a party. Each Group Company is in good standing (or equivalent status in the relevant jurisdiction) in each
jurisdiction where failure to be so qualified would have a Material Adverse Effect. 
 4.2    Capitalization and
Other Particulars of the Group Companies. 
 (a)    Share Capital Immediately Prior to the Closing.
Immediately prior to the Closing, the authorized share capital of the Company consists of a total of (i) 1,430,699,348 Ordinary Shares of which 872,955,476 are issued (including 69,925,476 Ordinary Shares issued to Core Pacific-Yamaichi
International (H.K.) Nominees Limited as trustee pursuant to the Share Award Scheme), (ii) 458,116,000 Series A Preferred Shares, all of which are issued and outstanding, (iii) 153,603,600 Series B Preferred Shares, all of which are issued and
outstanding, (iv) 185,665,192 Series C Preferred Shares, all of which are issued and outstanding, and (v) 377,105,460 Series D Preferred Shares, none of which are issued and outstanding. 

(b)    Options, Warrants, Reserved Shares. Except for (i) the rights provided in the Transaction Documents,
(ii) up to an aggregate of 285,112,976 Ordinary Shares reserved for issuance or issued to the trustee as restricted shares under the ESOP, of which (x) 209,750,000 Ordinary Shares have been reserved for the issuance of share options pursuant to
the Share Option Scheme, (y) 69,925,476 Ordinary Shares have been issued to the trustee named Core Pacific-Yamaichi International (H.K.) Nominees Limited as restricted shares pursuant to the Share Award Scheme, and (z) 5,437,500 Ordinary Shares have
been reserved to be used solely for future award under the ESOP, (iii) the options to purchase the equity interest in the ICP Holdco as set forth in the Restructuring Documents, (iv) the right to purchase Shares from the Officer Holdco by
the Company, Kingsoft and Xiaomi as set forth in the Officer Restricted Share Agreement and Mr. Zhang’s Agreements, (v) the right to purchase Shares from the Management Holdco by the Company and Kingsoft as set forth in the Management
Restricted Share Agreement, (vi) the right to purchase Shares issued pursuant to the ESOP by the Company as set forth in the rules of the ESOP, (vii) the conversion right of Kingsoft and Xiaomi provided in the Loan Agreement and the
conversion right of the IDG Investor, the AMC Investor, the CM Investor and the Liyue Investor provided in the Restated Shareholders Agreement, (viii) the rights to enforce the charge over the relevant Shares under the Mr. Wang’s
Share Charges, Mr. Zhang’s Share Charge and the Management Holdco’s Share Charge (each as defined in the Restated Shareholders Agreement), and (ix) the rights to enforce the charge over the Shares granted to the participants of
the ESOP pursuant to the undertaking letters executed by such participants in favor of Kingsoft to secure the repayment of the loan under the Loan Agreement, there are no options, warrants, conversion privileges or other rights, or agreements with
respect to the issuance thereof, presently outstanding to purchase any of the shares of the Company or any other Group Companies. 

  
 10 

 (c)    Particulars of the Group Companies. The particulars of
each Group Company set forth in Schedule 1 are true, complete and correct, except that the share capital, directors and shareholders of the Company shall be changed pursuant to the Transaction Documents as of the Closing. 

(d)    Other Rights With Respect to Shares. Except as provided in the Transaction Documents, no voting or similar
agreements exist related to the equity securities of any Group Company which are presently outstanding. 
 4.3    Due
Authorization. All corporate actions on the part of each Group Company and, as applicable, its respective officers, directors and shareholders necessary for the authorization, execution and delivery of, and the performance of all obligations of
such Group Company under the Transaction Documents, and the authorization, issuance, and allotment of all of the Purchased Shares being sold under this Agreement have been taken or will be taken prior to the Closing. Each of the Transaction
Documents, when executed and delivered, will constitute valid and binding obligations of each Group Company, to the extent such Group Company is a party to such documents, enforceable in accordance with its terms, subject, as to enforcement of
remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally and to general equitable principles. 

4.4    Valid Issuance of Purchased Shares. 

(a)    The Purchased Shares, when issued, sold and allotted in accordance with the terms of this Agreement, and registered
in the register of members of the Company, will be duly and validly issued, fully paid and non-assessable. 

(b)    Immediately prior to the Closing, all of the outstanding capital shares of the Company are duly and validly
issued, fully paid and non-assessable, and all outstanding shares, options and other securities of the Company have been issued in full compliance with the requirements of all applicable securities laws and
regulations. The capitalization table of the Company (on a fully diluted basis) immediately prior to and after the Closing is set out in Exhibit A. 

4.5    No Conflicts. The execution and delivery by each Group Company of this Agreement and each other Transaction
Document to which it is a party do not, and the performance by each Group Company of its obligations under this Agreement and such other Transaction Documents and the consummation of the transactions contemplated hereby and thereby will not: 

(a)    conflict with or result in a violation or breach of any of the terms, conditions or provisions of the formation
and/or constitutional documents of any Group Company; 

  
 11 

 (b)    conflict with or result in a violation or breach of any term or
provision of any law applicable to any Group Company or any of their respective assets and properties; or 
 (c)    (i)
contravene, conflict with or result in a violation or breach of, (ii) constitute (with or without notice or lapse of time or both) a default or result in a loss of benefit under, or (iii) result in or give to any person any right of
termination, cancellation, acceleration or modification in or with respect to, any contract or license to which any Group Company is a party or under which any of their respective assets and properties is bound except as would not result in a
Material Adverse Effect. 
 4.6    Compliance with Law; Licenses. Each Group Company has at all times carried on
its business in compliance with all applicable laws and regulations in all material respects. No Group Company nor, to the best knowledge of each Group Company, any of their directors, officers, employees or agents, has committed any criminal
offence or any tort or any breach of the requirements or conditions of any statute, treaty, regulation, by-law or other obligation relating to such Group Company or the carrying on of its business. Without
prejudice to the generality of the foregoing, each of the Group Companies is duly qualified, licensed or admitted to do business in each jurisdiction in which it currently conducts business and holds all Licenses necessary to the conduct of its
business except for those the absence of which would not result in a Material Adverse Effect. All necessary filings and registrations with the relevant PRC Governmental Authorities required in respect of any subsidiary of the Company incorporated
under the laws of the PRC have been duly and timely made in accordance with the relevant PRC laws except for those the absence of which would not result in a Material Adverse Effect. In this Agreement, “Licenses” means all licenses,
permits, certificates of authority, authorizations, approvals, registrations, filings, franchises and similar consents granted or issued by any Governmental Authority. 

4.7    No Bribery. No act or transaction has been effected by or on behalf of any Group Company involving the
making or authorizing of any payment, or the giving of anything of value, to any government official, political party, party official or candidate for political office (each a “Government Official”) for the purpose of influencing
the recipient in his or its official capacity in order to obtain business, retain business or direct business to such Group Company or any other person or firm, in violation of any applicable anti-bribery law. No Government Official and, to the best
of knowledge of the Group Companies, no Immediate Family of any such Government Official has been, for the purpose of influencing such Governmental Official in his or its official capacity in order to obtain business, retain business or direct
business to any Group Company or any other person or firm, in violation of any applicable anti-bribery law, (i) issued or granted an ownership or other economic interest, direct or indirect, in any Group Company by any Group Company or
(ii) engaged or employed by any Group Company as an officer, a director, or employee of any Group Company. Each Group Company has disclosed any investigation and all facts known to it regarding all Liabilities or allegations of any kind or
nature that are asserted against, paid or payable by any Group Company in connection with non-compliance with any anti-bribery laws. 

4.8    Financial Statements. The Company Financial Statements have been provided to the Purchasers and
(i) fairly present the financial conditions and results of operations of the Group Companies as of the date thereof and for the period covered thereby, (ii) have been prepared in accordance with the generally accepted accounting principles
in the People’s Republic of China, and (iii) were compiled from the books and records of the Group Companies regularly maintained by the management and used to prepare the financial statements of the Group Companies in accordance with the
principles stated therein; provided that unaudited Company Financial Statements shall be subject to year-end adjustments made at the request of the auditor of the relevant Group Company. The operating
results, assets and liabilities of the Group Companies are consolidated into the audited consolidated financial statements of Kingsoft. 

  
 12 

 4.9    No Acceleration of Borrowings. There is no default by any
Group Company that would result in any borrowing of any Group Company becoming due and payable, or capable of being declared due and payable, prior to its normal or originally stated maturity. No demand or other notice has been received by any Group
Company requiring the payment or repayment of money prior to its normal or originally stated maturity. 
 4.10    No
Undisclosed Liabilities. Except as reflected or provided for in the Company Financial Statements or in the notes thereto and/or the Disclosure Schedule, there are no Liabilities against any Group Company or any of their respective assets and
properties, other than (i) Liabilities which, individually or in the aggregate, would not result in a Material Adverse Effect, or (ii) Liabilities incurred by the Group Companies in the ordinary course of business. In this Agreement,
“Liabilities” means all indebtedness, obligations, taxes and other liabilities of a person (whether absolute, accrued, contingent, fixed or otherwise, or whether due or become due). 

4.11    Tangible Personal Property. The Group Companies are in possession of and have good title to, or have valid
leasehold interests in or valid rights under contract to use, all machinery, equipment, furniture, fixtures, vehicles and other properties and assets currently used by the Group Companies material for the conduct of the business of the Group
Companies. The assets of the Group Companies are in the aggregate in a condition adequate for the intended use and sufficient to carry on the Principal Business in the ordinary course as currently conducted and contemplated to be conducted. The
assets owned by each Group Company are free and clear of all security interests, liens or other encumbrances or material claims. The material assets of each Group Company have been properly maintained and are in good working condition. 

4.12    Real Property. The Group Companies do not own any land, buildings or other real property. The Group
Companies are in compliance with all real property leases in respect of real property used by the Group Companies in all material respects. 

4.13    Proprietary Assets. “Proprietary Assets” shall mean all patents, patent applications,
trademarks, service marks, trade names, domain names, copyrights, copyright registrations and applications and all other rights corresponding thereto, inventions, databases and all rights therein, all computer software including all source code,
object code, firmware, development tools, files, records and data, including all media on which any of the foregoing is stored, formulas, designs, trade secrets, confidential and proprietary information, proprietary rights, know-how and processes of a company, and all documentation related to any of the foregoing. Details of all registered Proprietary Assets owned by or licensed to the Group Companies are set out in
Section 4.13 of the Disclosure Schedule. Complete and accurate copies of all documentation by which the Group Companies acquired from any third party ownership of or right to use any of such Proprietary Assets are annexed to the Disclosure
Schedule, and no material claim under any of such documentation has been made. Except as disclosed in the Disclosure Schedule, each Group Company (i) has independently developed and owns free and clear of all material claims, security
interests, liens or other encumbrances, or (ii) has a valid right or license to use, all Proprietary Assets necessary and appropriate for its business as now conducted and without any conflict with or infringement of the rights of others.
Except as disclosed in the Disclosure Schedule and those royalties or other payments paid in the Group Company’s ordinary course of business, no Group Company is obligated to pay any royalties or other payments to any person in respect of
Proprietary Assets used by the Group Companies. No Group Company is, in any material respect, in breach of any Proprietary Assets license agreement or of any agreement under which any confidential business information was or is to be made available
to it. The Proprietary Assets owned by and licensed to the Group Companies are sufficient for the Group Companies as a whole to carry on their business as currently conducted. 

  
 13 

 4.14    Infringement; Challenge. Except as disclosed in the
Disclosure Schedule, the processes and methods employed, the services provided, the businesses conducted and the products manufactured, used or dealt in by each Group Company does not, or at the time of being employed, provided, conducted,
manufactured, used or dealt in did not, infringe the rights of any other person in any Proprietary Assets in any material respect. To the best of knowledge of the Group Companies, and except as disclosed in the Disclosure Schedule, there is not, nor
has there been at any time, any unauthorized use or infringement by any person of any of the Proprietary Assets owned by or otherwise required for the business of any Group Company. To the best knowledge of each Group Company, and except as
disclosed in the Disclosure Schedule, the Proprietary Assets of the Group Companies, and the validity or subsistence of the Group Companies’ right, title and interest therein, is not subject of any current or pending challenge, claim or
proceedings, including for opposition, cancellation, revocation or rectification, and has not been the subject of any challenge, claim or proceeding. Each Group Company has taken all reasonable steps open to it to preserve its Proprietary Assets.

 4.15    Confidentiality and Non-Competition Agreement. All employees
of the Group Companies with access to Groups Companies’ confidential information have entered into a standard confidentiality and non-competition agreements. To the best of knowledge of the Group
Companies, none of these employees are in breach of such agreements in any material respect. To the best knowledge of the Group Companies and except as disclosed in the Disclosure Schedule, none of the Key Employees (as defined below) is obligated
under any contract, or subject to any judgment, decree or order of any Governmental Authority, that would interfere with the use of his or her best efforts to promote the interests of the Group Companies or that would conflict with the Group
Companies’ businesses as proposed to be conducted. To the best knowledge of the Group Companies, neither the execution or delivery of this Agreement or the other Transaction Documents, nor the carrying on of the any Group Company’s
businesses by its employees, nor the conduct of the any Group Company’s businesses as proposed, will conflict with or result in a breach of the terms, conditions or provisions of, or constitute a default under, any contract, covenant or
instrument under which any of such employees is now obligated in any material respect. 

  
 14 

 4.16    Contracts. Except as disclosed in the Disclosure
Schedule, no Group Company is a party to or bound by any contract that (i) was entered into outside of its ordinary course of business, (ii) involves total payments in excess of RMB5,000,000 (iii) is an agency, distribution, marketing,
purchasing, franchising or licensing agreement under which the payment obligations of a Group Company exceed RMB5,000,000, (iv) is a consulting or management agreement under which the payment obligations of a Group Company exceed RMB5,000,000, (v)
is a joint venture, shareholders’ or partnership arrangement or agreement or similar arrangement or agreement or any agreement which purports to regulate, Control or otherwise affect the voting or disposition of its shares; (vi) restricts
its freedom of action in relation to its normal business activities; (vii) cannot be terminated without penalty or other compensation on less than twelve months’ notice; (viii) is a loan, a guarantee, an equity transfer or other
financing agreement; (ix) is a non-compete agreement or an agreement of similar nature restricting any Group Company from competing with any other person; (x) is a contract in relation to the
purchase, sale, license or use of Proprietary Assets, or (xi) is otherwise material to the business or financial condition of the Group Companies (collectively, “Material Contracts”). A list of all Material Contracts is
included in Section 4.16 of the Disclosure Schedule. True and complete copies of all Material Contracts have been made available to each Purchaser. Each contract to which any Group Company is a party has been duly authorized, executed and
delivered by the relevant Group Company and constitutes the valid and binding obligation of such Group Company, enforceable against such Group Company in accordance with its terms. There are no grounds for rescission, avoidance, repudiation or
termination of any Material Contract, except for such rescission, avoidance, repudiation or termination of any Material Contract which would not result in a Material Adverse Effect. The Group Companies have not received any notice of termination of
such Material Contracts. None of the parties to such Material Contracts is in material default thereunder. 

4.17    Customers and Suppliers. Section 4.17 of the Disclosure Schedule sets forth a true and complete list,
for the 12 months ended December 31, 2016, of the five (5) largest customers of goods and services of and the ten (10) largest suppliers of goods and services to the Group Companies. No person set forth in Section 4.17 of the
Disclosure Schedule (i) has threatened to cancel or otherwise terminate or, to the knowledge of the Group Companies, intends to cancel or otherwise terminate, the relationship of such person with any Group Company or (b) has materially
modified or decreased materially or threatened to materially modify or decrease materially or limit materially or, to the knowledge of the Group Companies, intends to materially modify its relationship with any Group Company or intends to decrease
materially its purchases from, or services or supplies to, any Group Company. 
 4.18    Related Party
Transactions. Except as disclosed in the Disclosure Schedule, there are no contracts, understandings, transactions or proposed transactions between any Group Company on the one hand and any of its Related Party on the other hand (each, a
“Related Party Transaction”), other than transactions arising in the ordinary course of an employer/employee relationship. Except as disclosed in the Disclosure Schedule, no Related Party of any Group Company or any member of
his or her Immediate Family is indebted to any Group Company, nor is any Group Company indebted (or committed to make loans or extend or guarantee credit) to any of them. Except as disclosed in the Disclosure Schedule, none of such persons has any
direct or indirect ownership in any business entity with which any Group Company is affiliated or with which any Group Company has a business relationship, or any business entity that competes with any Group Company, other than passive shareholdings
of less than 5% in publicly listed companies. Each Related Party Transaction is on terms and conditions as favorable to the applicable Group Company as would have been obtainable by it at the time in a comparable
arm’s-length transaction with an unrelated party. 

  
 15 

 4.19    Taxes. Each Group Company has filed all tax returns,
statement, reports and forms (the “Tax Returns”) that it was required to file in accordance with all applicable laws. All such Tax Returns were true, correct and complete in all material respects and not misleading for the purpose
of such Tax Returns. All taxes which have become due and payable by each Group Company (whether or not shown on any Tax Return) have been fully paid or provided for except as would not result in a Material Adverse Effect. 

4.20    Employment. Each of the Group Companies has complied with all applicable laws relating to the employment of
labor in all material respects, including provisions thereof relating to wages, hours, housing funds, social welfare, social insurance contribution and collective bargaining, and none of such Group Companies is subject to any investigation or
examination by any Governmental Authority regarding the employment of labor, including but not limited to matters relating to social welfare, employee safety, housing funds and social insurance contribution. No Group Company is bound by or subject
to any agreement, collective bargaining scheme or other understanding with any labor union or other body representing employees of any Group Company. To the best knowledge of any Group Company, no labor union has requested, sought or attempted to
represent any employees, representatives or agents of any Group Company and there is no pending or threatened strike or other labor dispute involving any Group Company. 

4.21    Legal Proceedings. There are no actions or proceedings pending or, to the best knowledge of the Group
Companies, threatened against any Group Company or its directors or Key Employees, or any of the Group Companies’ respective assets and properties. To the best knowledge of any Group Company, no Group Company and none of its directors and Key
Employees is the subject of any official investigation or inquiry. To the best knowledge of any Group Company, there are no facts or circumstances which could result in any such actions or proceedings being brought by or against any Group Company or
any of its directors and Key Employees. 
 4.22    No Insolvency. No order has been made and no resolution has
been passed for the winding up of any Group Company or for a provisional liquidator to be appointed in respect of any Group Company and to the best knowledge of each Group Company, no petition has been presented and no meeting has been convened for
the purpose of winding up any Group Company. No receiver has been appointed in respect of any Group Company or all or any of its assets. No distress, execution or other process has been levied on any of the assets of any Group Company. No Group
Company is insolvent or unable to pay its debts as they fall due. 
 4.23    No Business Activities. Except as
disclosed in the Disclosure Schedule, neither the Company nor the HK Company has carried on any material business activity except in connection with the ordinary course of business of the Group Companies, its incorporation, the appointment of its
officers, the filing of documents pursuant to the laws of the jurisdiction of its incorporation or formation, its establishment of any subsidiary and, as to the Company, the issuance of Ordinary Shares, Series A Preferred Shares, Series B Preferred
Shares, Series C Preferred Shares and Series D Preferred Shares. 

  
 16 

	 	4.24	 Disclosure. 

(a)    No Misrepresentation. No representation, warranty or statement by the Group Companies in this Agreement, or
in any exhibit, schedule, statement or certificate furnished to the Purchasers pursuant to this Agreement, contains any untrue statement of a material fact or omits to state a material fact necessary to make the statements made herein, in light of
the circumstances under which they were made, not misleading. 
 (b)    Full Disclosure. To the best knowledge
of the Group Companies, there is no fact or circumstance relating to the affairs of the Group Companies which has not been disclosed to the Purchases and which if disclosed might reasonably have been expected to influence the decision of the
Purchasers to enter into this Agreement. 
 4.25    SAFE Registration. Each of the incumbent Management who is a
domestic resident as defined in the Circular of the State Administration of Foreign Exchange on Relevant Issues concerning Foreign Exchange Administration of Financing and Inbound Investment through Offshore Special Purpose Companies by PRC
Residents
(《关于境内居民通过特殊目的公司境外投融资及返程投资外汇管理有关问题的通知
》) effective as of July 4, 2014 issued by the State Administration of Foreign Exchange (国家外汇管理局, the “SAFE”) on July 4, 2014 (together with any rule or
regulation interpreting or setting forth provisions for implementation of any of the foregoing, the “SAFE Circular”) has completed the registration with the competent local branch of SAFE for their respective direct holding
of any equity interests in the intermediary, through which the Management holds the Management Holdco, which in turn holds equity securities of the Company, in accordance with the SAFE Circular and other applicable SAFE rules and regulations.

  

	 	5.	 REPRESENTATIONS AND WARRANTIES OF PURCHASERS 

Each Purchaser represents and warrants, severally and not jointly, to the Group Companies as follows as of the date hereof and the Closing
Date. Each Purchaser and its advisors have been afforded the opportunity to interview the representatives of the Group Companies as such Purchaser deems necessary in connection with its decision to subscribe for the Purchased Shares. Regardless of
the foregoing, each party acknowledges and agrees that the foregoing shall not in any way limit, reduce or affect the representations and warranties provided by the Group Companies in this Agreement or the rights of such Purchaser to rely thereon.
No information relating to the Group Companies or the Officer Holdco of which any Purchaser has knowledge (actual or constructive) and no investigation by or on behalf of any Purchaser shall prejudice any claim made by such Purchaser under the
indemnity contained in Section 9 or operate to reduce any amount recoverable thereunder except if and to the extent such information is disclosed in the Disclosure Schedule. 

5.1    Status of Purchaser. Such Purchaser is either (i) an “accredited investor” within the
meaning of Securities and Exchange Commission (“SEC”) Rule 501 of Regulation D, as presently in effect, under the Securities Act, or (ii) not a “U.S. person” as defined in Rule 902 of Regulation S of the Securities
Act. Such Purchaser has the knowledge, sophistication and experience necessary to make an investment decision like that involved in the purchase of the Purchased Shares and can bear the economic risk of its investment in the relevant number of
Purchased Shares set forth in Section 2.2. 
 5.2    Restricted Securities. Such Purchaser understands that
the Purchased Shares are restricted securities within the meaning of Rule 144 under the Securities Act, that the Purchased Shares are not registered or listed publicly and must be held indefinitely unless they are subsequently registered or listed
publicly or an exemption from such registration or listing is available. 

  
 17 

 5.3    No Public Market. Such Purchaser understands and
acknowledges that no public market now exists for any of the securities issued by the Company and the Company has given no assurances that a public market will ever exist for the Company’s securities. 

5.4    Purchase for Own Account. The relevant number of Purchased Shares set forth in Section 2.2 will be
acquired for such Purchaser’s own account, not as a nominee or agent, and not with a view to or in connection with the sale or distribution of any part thereof. Such Purchaser has no present intention of selling, granting any participation in,
or otherwise distributing the same. 
 5.5    Capacity and Authorization. Such Purchaser is a company duly
incorporated, validly existing and in good standing under the laws of the jurisdiction of its incorporation and has all requisite power, authority and capacity to carry on its business as now conducted and as proposed to be conducted and to enter
into the Transaction Documents, and to perform its obligations under the Transaction Documents. This Agreement has been duly authorized, executed and delivered by such Purchaser. The Transaction Documents, when executed and delivered by such
Purchaser, will constitute valid and legally binding obligations of such Purchaser, subject, as to enforcement of remedies, to applicable bankruptcy, insolvency, moratorium, reorganization and similar laws affecting creditors’ rights generally
and to general equitable principles. 
 5.6    Investment Experience. Such Purchaser acknowledges that it is able
to bear the economic risk of its investment and has such knowledge and experience in financial or business matters that it is capable of evaluating the merits and risks of the investment in the Purchased Shares. 

5.7    No Conflict. The execution and delivery of the Transaction Agreements by each Purchaser and the
performance by each Purchaser of its obligations under each of the Transaction Agreements to which it is a party will not (a) result in a breach of any provision of such Purchaser’s charter documents; (b) result in a breach of, or
constitute a default under, any instrument by which such Purchaser is bound; or (c) result in a breach of any order, judgment or decree of any court or governmental agency by which such Purchaser is bound. 

5.8    Governmental and Third Party Consents. Except for filings as necessary to perform disclosure obligations
required by stock exchanges, no consent, approval, order or authorization of, or registration, qualification, designation, declaration or filing with, any Governmental Authority or any third party on the part of each Purchaser is required in
connection with the consummation of the transactions contemplated by this Agreement or any other agreement contemplated hereby. 

  
 18 

	 	6.	 CONDITIONS TO PURCHASERS’ OBLIGATIONS AT THE CLOSING

 The obligation of each Purchaser to purchase the relevant number of the Purchased Shares set forth in Section 2.2
at the Closing is subject to the fulfillment to the reasonable satisfaction of such Purchaser, or otherwise waived by such Purchaser, on or prior to the Closing, of the following conditions: 

6.1    Representations and Warranties True and Correct. The representations and warranties made by the Group
Companies in Section 4 shall be true and correct and complete in all material respects as of the date hereof and as of the Closing (to the extent any portion of any such representations and warranties is already qualified as to materiality,
such portion of such representations and warranties as so qualified shall remain true and correct in all respects). 

6.2    Performance of Obligations. Each of the Group Companies shall have performed and complied with all
agreements, obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing and shall have obtained all approvals, consents and qualifications necessary to complete the
transactions contemplated hereby. 
 6.3    Proceedings and Documents. All necessary corporate and other
proceedings on the part of the Group Companies in connection with the transactions contemplated hereby shall have been completed. 

6.4    Consents and Waivers. Each Group Company shall have obtained any and all consents and waivers from third
parties necessary for the lawful issuance and sale of the Purchased Shares hereunder, including, but not limited to all permits, authorizations, approvals, consents or permits of any Governmental Authority or regulatory body, including a waiver to
be issued by Kingsoft and Xiaomi that the Liyue Investor is not obligated to provide guarantee in favor of Kingsoft in connection with the Loan Agreement. 

6.5    Amendment to Constitutional Documents. The Restated Articles shall have been duly adopted by the Company by
all necessary corporate action of the Board and the shareholders of the Company. 
 6.6    Execution of the Restated
Shareholders Agreement. The Restated Shareholders Agreement shall have been duly executed and delivered by all parties thereto other than such Purchaser, and the Existing SHA shall have been superseded and restated in its entirety by the
Restated Shareholders Agreement. 
 6.7    Execution of the Registration Rights Agreement. The Registration
Rights Agreement shall have been duly executed and delivered by all parties thereto other than such Purchaser. 

6.8    No Material Adverse Change. Since the Financial Statements Date, (a) no event, change or circumstance,
and (b) no change in any relevant status, laws, regulations or policies (whether coming into effect prior to, on or after the Closing Date), shall have been arisen, which, individually or in the aggregate, has or could reasonably be expected to
have a Material Adverse Effect. 
 6.9    Employment Agreements. The Company shall have delivered to such
Purchaser copies of duly executed employment agreements with each of the key employees of the Group Companies as set forth in Schedule 2 hereto (the “Key Employees”), containing, among other things, provisions
regarding the terms of employment, non-competition, confidentiality and invention assignment, each in form and substance satisfactory to such Purchaser. 

  
 19 

 6.10    Closing Certificate. The Company shall have delivered a
certificate to such Purchaser, dated the Closing Date, certifying that the conditions set forth in this Section 6 have been duly satisfied (other than the conditions the fulfillment of which by their nature are subject to the confirmation by
such Purchaser). 
 6.11    Supplemental Agreement to the Intellectual Property License Agreement. The Company
shall have executed and delivered a supplemental agreement to the Intellectual Property License Agreement to the effect that (a) the scope of the authorized party shall be extended to the Group Companies, (b) the Group Companies shall be
granted a license to use the trademarks relating to “金山云” in the operation of the Principal Business
and Kingsoft and its subsidiaries (other than the Group Companies) will not use such trademarks in the business falling into the scope of the Principal Business, (c) Kingsoft shall treat the Company and other subsidiaries of Kingsoft equally in
respect of licensing of intellectual property rights by Kingsoft, and (c) Jinshan Digital, Beijing Jinshan and Zhuhai Jinshan shall use commercially reasonable efforts to apply for the renewal of trademark registration and pay patent annual fee
on time. 
  

	 	7.	 CONDITIONS TO COMPANY’S OBLIGATIONS AT THE CLOSING 

The obligations of the Company to issue the relevant number of Purchased Shares set forth in Section 2.2 to each Purchaser under this
Agreement are subject to the fulfillment, or otherwise waived by the Company, on or prior to the Closing, of the following conditions: 

7.1    Representations and Warranties True and Correct. The representations and warranties made by each Purchaser
in Section 5 hereof shall be true, correct and complete in all material respects, when made, and shall be true and correct and complete in all material respects as of the date hereof and as of the Closing (to the extent any portion of any such
representations and warranties is already qualified as to materiality, such portion of such representations and warranties as so qualified shall remain true and correct in all respects). 

7.2    Performance of Obligations. Each Purchaser shall have performed and complied with all agreements,
obligations and conditions contained in this Agreement that are required to be performed or complied with by it on or before the Closing and shall have obtained all approvals, consents and qualifications necessary to complete the transactions
contemplated hereby. 
 7.3    Proceedings and Documents. All corporate and other proceedings on the part of each
Purchaser in connection with the transactions contemplated hereby shall have been completed. 
 7.4    Consents and
Waivers. Each Purchaser shall have obtained any and all consents and waivers from third parties necessary for the purchase of the Purchased Shares hereunder, including, but not limited to all permits, authorizations, approvals, consents or
permits of any Governmental Authority or regulatory body. 

  
 20 

 7.5    Execution of Restated Shareholders Agreement. The Restated
Shareholders Agreement shall have been duly executed and delivered by each Purchaser. 
 7.6    Execution of Liyue
Series D Share Charge. The Liyue Series D Share Charge shall have been duly executed and delivered by the Liyue Investor. 
  

	 	8.	 COVENANTS 

8.1    Share Certificate. Within ten (10) days after the Closing, the Company shall deliver to each Purchaser a
certificate registered in the name of such Purchaser representing the duly authorized and validly issued and allotted Purchased Shares being purchased by such Purchaser pursuant to Section 2.2. 

8.2    Use of Proceeds. The proceeds from the sale of the Purchased Shares hereunder shall be used by the Group
Companies for (i) the development of the Principal Business, (ii) the capital expenditures and general working capital of the Group Companies, (iii) repayment of the outstanding principal amount and any accrued but unpaid interest
thereon under the Loan Agreement and the Beijing Bank Loan, (iv) cash pledge in favor of Kingsoft to secure repayment of the loan under the Loan Agreement, or (v) the other purposes as approved by the Board. 

8.3    Obtaining of IDC License. ICP Co shall obtain the Internet Data Center Business License (in regard of
Internet resource collaboration business) (互联网数据中心业务许可证(有关互联网资源协作业务)) as soon as possible but in any event no later than six (6) months after the Closing. 

8.4    Increase the Authorized Area Under the IDC License. ICP Co shall increase the authorized area under the
Internet Data Center Business License in accordance with applicable laws as soon as possible but in any event no later than twelve (12) months after the Closing. 

8.5    Obtaining the Business Licenses. ICP Co Subsidiary 2 shall obtain the Value-Added Telecommunications Permit
(增值电信业务经营许可证) covering Internet Data Center Business
(互联网数据中心业务), Internet Access Service Business (互联网接入服务业务), IP-VPN Service (国内互联网虚拟专用网业务) and Content Distribution Network Business
(内容分发网络业务) as soon as possible but in any event no later than
twelve (12) months after the Closing. 
 8.6    Establishment of Internal Control. The Group
Companies shall establish and maintain reasonable and effective internal control with respect to information network security management. 

8.7    Related Party Transactions. The Group Companies shall set up and maintain a reasonable internal
control system on Related Party transactions as soon as possible but in any event no later than three (3) months after the Closing. Each of the Group Companies shall proceed Related Party Transactions with the purpose of furthering its business
development and protecting the Group Companies’ interests. Each Related Party Transaction shall be on terms and conditions at least as favorable to the applicable Group Company as would have been obtainable by it at the time in a comparable
arm’s length transaction with an unrelated party. 

  
 21 

 8.8    Registered Address and Lease. PRC Companies (other than
ICP Co and ICP Co Subsidiary 2) shall renew the lease agreements for their respective registration address or lease a new office premise and duly register such office premise as its registered address in accordance with applicable laws as
soon as possible but in any event no later than six (6) months after the Closing. 
 8.9    Subsidiaries and
Branches. The ICP Co shall establish subsidiaries or branches at the premises other than its registered office where it carries out business in accordance with applicable laws and shall complete registration of subsidiaries or branches with the
competent Governmental Authorities within one (1) year after the Closing as the ICP Co deems necessary after business assessment. 
  

	 	9.	 INDEMNIFICATION.  

9.1    General Indemnity. 

(a)    The Group Companies shall jointly and severally indemnify and hold harmless each Purchaser and its Affiliates,
directors, officers, employees, agents and assigns (each an “Indemnified Person”) from all damages, expenses, losses, costs, claims, proceedings and Liabilities actually suffered or incurred by any such Indemnified Person resulting
from, or arising out of, any breach of the warranties or covenants given by any Group Company in Section 4 and Section 8 with respect to all Shares acquired by such Purchaser on or after the Closing under this Agreement or otherwise (the
“Indemnifiable Losses”). The amount of any payment to any such Indemnified Person shall be sufficient to make such Indemnified Person whole for any diminution in value of the equity securities held by it resulting from such breach.
Any indemnity referred to in this Section 9.1 shall be such as to place the Indemnified Person in the same position as it would have been in had there not been any breach of the representations and warranties set forth in Section 4 under
which the Indemnified Person is to be indemnified. 
 (b)    The Company shall indemnify, defend and hold harmless each
Purchaser (other than Kingsoft) from and against all damages, expenses, losses, costs, claims, proceedings and Liabilities actually suffered or incurred by any Group Companies or such Purchaser resulting from or arising out of any dispute or claim
arising out of any actual or alleged issuance, repurchase, transfer or restructuring of equity interest in KSC Partner Holdings Limited or related equity incentive arrangement (“Restructuring Losses”); provided that the
Company shall not be obligated to indemnify such Purchaser under this Section 9.1(b) if such Purchaser makes a claim against the Company under this Section 9.1(b) after the second anniversary of the Closing Date. 

  
 22 

 (c)    Notwithstanding anything to the contrary herein, the maximum
aggregate liabilities of the Group Companies towards all the Indemnified Persons with respect to a Purchaser under this Section 9 shall be limited to one-hundred (100%) of the Purchase Price actually paid
by such Purchaser pursuant to this Agreement; provided that such limitation shall not apply and the Group Companies shall be liable for the entire amount of the Indemnifiable Losses if such losses resulting from, or arising out of, fraud,
willful misrepresentation, willful misconduct or gross negligence of any Group Company. 
 (d)    Notwithstanding
anything to the contrary herein, the Group Companies shall not be obligated to indemnify any Indemnified Person in respect of its claims under this Section 9 unless the aggregate amount of all Indemnified Persons’ claims exceeds US$50,000
(or its equivalent in other currencies), in which event the Group Company shall be liable for the entire amount of the Indemnifiable Losses of such Indemnified Person, subject to Section 9.1(c) above. 

(e)    Notwithstanding anything to the contrary herein, the Group Companies shall not indemnify the Indemnified Persons
for any Indemnifiable Losses arising from or in connection with the matters disclosed in the Disclosure Schedule. 

9.2    Without limiting the generality of the foregoing the Group Companies shall jointly and severally indemnify and hold
harmless each Indemnified Person from and against any and all Indemnifiable Losses suffered by such Indemnified Person, directly or indirectly, as a result of, or based upon or arising from (a) any material violations of applicable laws by any
of the Group Companies before the Closing as determined by the competent Governmental Authorities due to misuse by users and clients of such Group Company’s service, which misuse involved obscenity and eroticism, and (b) any Related Party
Transaction conducted before the Closing not on fair and arm’s-length basis in violation of the compliance rules of Kingsoft in connection with its subsidiaries. 

9.3    No Prejudice and No Waiver.    The rights conferred on the Purchasers by this Agreement
are in addition and without prejudice to all other rights and remedies available to the Purchasers; and no exercise or failure to exercise a right hereunder or otherwise or to invoke a remedy shall constitute a waiver of that right or remedy by the
Purchasers. 
  

	 	10.	 MISCELLANEOUS 

10.1    Governing Law. This Agreement shall be governed by and construed exclusively in accordance the laws of Hong
Kong without giving effect to any choice of law rule that would cause the application of the laws of any jurisdiction other than the laws of Hong Kong to the rights and duties of the parties hereunder. 

10.2    Survival. The representations and warranties made herein shall survive any investigation made by any party
hereto and the Closing of the transactions contemplated hereby. Notwithstanding the foregoing, an Indemnified Person shall make claims (i) over the breach of the representation and warranties of Group Companies other than the Fundamental
Warranties prior to the second anniversary date of the Closing Date, and (ii) over the breach of the Fundamental Warranties prior to the end of the applicable statutory limitation period in respect of each such Fundamental Warranty, in each
case by written notice to the Company. 

  
 23 

 10.3    Successors and Assigns. Except as otherwise expressly
provided herein, the provisions hereof shall inure to the benefit of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto whose rights or obligations hereunder are affected by such amendments. This
Agreement and the rights and obligations herein may not be assigned by any party without the written consent of the other parties. Nothing in this Agreement, express or implied, is intended to confer upon any party other than the parties hereto or
their respective successors and assigns any rights, remedies, obligations, or liabilities under or by reason of this Agreement, except as expressly provided in this Agreement. 

10.4    Entire Agreement. The Transaction Documents and the schedules and exhibits hereto and thereto, which are
hereby expressly incorporated herein by this reference, constitute the entire understanding and agreement between the parties with regard to the subjects hereof and thereof. 

10.5    Notices. Except as may be otherwise provided herein, all notices, requests, waivers and other
communications made pursuant to this Agreement shall be in writing and shall be conclusively deemed to have been duly given (a) when hand delivered to the other party; (b) seven (7) business days after deposit in the mail as air mail or
certified mail, receipt requested, postage prepaid and addressed to the other party as set forth in Exhibit G; or (c) three (3) business days after deposit with an overnight delivery service, postage prepaid, addressed to the
parties as set forth in Exhibit G with next business-day delivery guaranteed, provided that the sending party receives a confirmation of delivery from the delivery service provider. 

Each person making a communication hereunder by facsimile shall promptly confirm by telephone to the person to whom such communication was
addressed each communication made by it by facsimile pursuant hereto but the absence of such confirmation shall not affect the validity of any such communication. A party may change or supplement the addresses given above, or designate additional
addresses, for purposes of this Section 10.5 by giving, the other parties hereto written notice of the new address in the manner set forth above. 

10.6    Amendments. Any term of this Agreement may be amended only with the written consent of all the parties
hereto. 
 10.7    Delays, Omissions or Waiver. No delay or omission to exercise any right, power or remedy
accruing to any party, upon any breach or default of any party hereto under this Agreement, shall impair any such right, power or remedy of such party nor shall it be construed to be a waiver of any such breach or default, or an acquiescence
therein, or of any similar breach of default thereafter occurring; nor shall any waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of
any breach of default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies,
either under this Agreement, or by law or otherwise afforded to any party shall be cumulative and not alternative. 

10.8    Interpretation; Titles and Subtitles. This Agreement shall be construed according to its fair language. The
rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement. The titles of the sections and subsections of this Agreement are for convenience of reference
only and are not to be considered in construing this Agreement. 

  
 24 

 10.9    Counterparts. This Agreement may be executed in any
number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. 

10.10    Severability. If any provision of this Agreement is found to be invalid or unenforceable, then such
provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set forth herein, and if no
feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits intended by the parties. In
such event, the parties shall use best efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most closely effects the parties’ intent in entering into this Agreement. 

10.11    Confidentiality and Non-Disclosure. The parties hereto
agree to be bound by the confidentiality and non-disclosure provisions of Section 7 of the Restated Shareholders Agreement, which shall be incorporated by reference and shall take effect from the date
hereof. 
 10.12    Further Assurances. Each party shall from time to time and at all times hereafter make, do,
execute, or cause or procure to be made, done and executed such further acts, deeds, conveyances, consents and assurances without further consideration, which may reasonably be required to effect the transactions contemplated by this Agreement. 

10.13    Dispute Resolution. All disputes and controversies arising out of or in connection with this Agreement
shall be referred to and finally settled by arbitration at Hong Kong International Arbitration Centre in accordance with the UNCITRAL Arbitration Rules (the “UNCITRAL Rules”) in effect, which rules are deemed to be incorporated by
reference into this Section 10.13. The arbitration tribunal shall consist of three (3) arbitrators. The Claimant(s) shall jointly select one (1) arbitrator, the Respondent(s) shall jointly select one (1) arbitrator and the
parties hereto shall jointly select one (1) arbitrator. In the event that one (1) or more Purchasers are acting as the Claimant(s) or Respondent(s), the arbitrator selected by such Claimant(s) or Respondent(s) shall be subject to the prior
approval of the holders of at least 66% of the issued and outstanding Purchased Shares. All selection shall be made within thirty (30) days after a party gives the other parties the demand for arbitration. The Chairman of Hong Kong
International Arbitration Centre shall select the third arbitrator if the parties hereto fail to reach an agreement regarding selection of such arbitrator within such thirty-day period. The language of the
arbitration shall be English. 
 10.14    Intentionally Left Blank. 

10.15    Termination. This Agreement may be terminated by any party hereto after September 25, 2017, by
written notice to the other parties, if the Closing has not occurred on or prior to such date. Such termination under this Section 10.15 shall be without prejudice to any claims for damages or other remedies that the parties may have accrued
under this Agreement or applicable law.  

  
 25 

 10.16    No Exclusivity. For the avoidance of doubt,
notwithstanding anything contained herein, within six (6) months after the Closing, the Company shall have the right to, without the consent of any of the Purchasers, solicit and accept offers for purchase of new equity securities of the
Company or debt financing or negotiate or enter into discussion with any other person with respect to such transactions (where the pre-money valuation of the Company shall be no less than US$1,600,000,000
(assuming the Closing has not occurred) and the proceeds of the Company from such transaction shall be no more than US$420,000,000) on terms and conditions not favorable than those applicable to the Purchasers contained in the Transaction Documents
other than those provided to the new investor(s) in such transaction in respect of Board seat(s) and protective provisions provided to director(s) appointed by such new investor(s); provided that the foregoing restrictions on valuation,
proceeds and transaction terms shall not apply to any such transaction where the pre-money valuation of the Company in such transaction is more than US$1,600,000,000 (assuming the Closing has not
occurred). 
 — REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK — 

  
 26 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date herein
first written above. 
  

			
	 COMPANY:
  

	 KINGSOFT CLOUD HOLDINGS LIMITED
  

	    By:	 	 /s/ WANG Yulin

	    Name: WANG Yulin
	    Title: Director

  

			
	 HK COMPANY:
  

	 KINGSOFT CLOUD CORPORATION LIMITED

 

 
			
	By:	 	 /s/ LEI Jun

	Name: LEI Jun
	Title: Director

  

  
 SIGNATURE PAGE TO
KINGSOFT CLOUD HOLDINGS LIMITED 
 SHARE PURCHASE AGREEMENT (ISSUANCE OF SERIES D SHARES) 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date herein
first written above. 
  

					
	 PRC SUBSIDIARY 1:
  

BEIJING JINSHANYUN TECHNOLOGY CO., LTD.
(北京金山云科技有限公司)
  

		 	 /s/ Seal of Beijing Kingsoft Cloud Technology Co., Ltd.

 

		 	 By:
	 	 /s/ WANG Yulin

		 	 Name: WANG Yulin

		 	 Title: Legal Representative

	
	PRC SUBSIDIARY 2:
	
	BEIJING YUNXIANG ZHISHENG TECHNOLOGY CO., LTD.
(北京云享智胜科技有限公司)
		
		 	/s/ Seal of Beijing Yunxiang Zhisheng Technology Co., Ltd.
			
		 	 By:
	 	 /s/ WANG Yulin

		 	 Name: WANG Yulin

		 	 Title: Legal Representative

	
	ICP HOLD CO:
	
	ZHUHAI JINSHANYUN TECHNOLOGY CO., LTD. (珠海金山云科技有限公司)
		
		 	/s/ Seal of Zhuhai Kingsoft Cloud Technology Co., Ltd.
			
		 	By:	 	 /s/ WANG Yulin

		 	Name: WANG Yulin
		 	Title: Legal Representative

  

  
 SIGNATURE PAGE TO
KINGSOFT CLOUD HOLDINGS LIMITED 
 SHARE PURCHASE AGREEMENT (ISSUANCE OF SERIES D SHARES) 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date herein first written
above. 
  

					
	ICP CO:
	
	BEIJING JINSHANYUN INTERNET TECHNOLOGY CO., LTD.
(北京金山云网络技术有限公司)
		
		 	/s/ Seal of Beijing Kingsoft Cloud Network Technology Co., Ltd.
			
		 	By:	 	 /s/ WANG Yulin

		 	Name: WANG Yulin
		 	Title: Legal Representative
	
	ICP Co Subsidiary 1:
	
	HAINAN CHENGMAI YUNXIANG ZHISHENG INTERNET TECHNOLOGY CO., LTD.
(海南澄迈云享智胜网络技术有限公司)
		
		 	/s/ Seal of Hainan Chengmai Yunxiang Zhisheng Network Technology Co., Ltd.
			
		 	By:	 	 /s/ WANG Yulin

		 	Name: WANG Yulin
		 	Title: Legal Representative
	
	ICP Co Subsidiary 2:
	
	BEIJING JINXUN RUIBO INTERNET TECHNOLOGY CO., LTD.
(北京金迅瑞博网络技术有限公司)
		
		 	/s/ Seal of Beijing Jinxun Ruibo Network Technology Co., Ltd.
			
		 	By:	 	 /s/ WANG Yulin

		 	Name: WANG Yulin
		 	Title: Legal Representative

  

  
 SIGNATURE PAGE TO
KINGSOFT CLOUD HOLDINGS LIMITED 
 SHARE PURCHASE AGREEMENT (ISSUANCE OF SERIES D SHARES) 

 
					
	ICP Co Subsidiary 3:
	
	SU ZHOU YUNXIANG ZHISHENG INTERNET TECHNOLOGY CO., LTD.
(宿州云享智胜网络技术有限公司)
		
		 	/s/ Seal of Suzhou Yunxiang Zhisheng Network Technology Co., Ltd.
			
		 	By:	 	 /s/ WANG Yulin

		 	Name: WANG Yulin
		 	Title: Legal Representative

  

  
 SIGNATURE PAGE TO
KINGSOFT CLOUD HOLDINGS LIMITED 
 SHARE PURCHASE AGREEMENT (ISSUANCE OF SERIES D SHARES) 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date herein
first written above. 
  

					
	ICP Co Subsidiary 4:
	
	SHANGHAI RUIDIAN NETWORK TECHNOLOGY CO., LTD.
(上海锐巅网络科技有限公司)
		
		 	/s/ Seal of Shanghai Ruidian Network Technology Co., Ltd.
			
		 	By:	 	 /s/ WANG Yulin

		 	Name: WANG Yulin
		 	Title: Legal Representative
	
	ICP Co Subsidiary 5:
	
	NANJING QIANYI SHIXUN INFORMATION TECHNOLOGY CO., LTD.
(南京仟壹视讯信息技术有限公司)
		
		 	/s/ Seal of Nanjing Qianyi Shixun Information Technology Co., Ltd.
			
		 	By:	 	 /s/ LIN Song

		 	Name: LIN Song
		 	Title: Legal Representative

  

  
 SIGNATURE PAGE TO
KINGSOFT CLOUD HOLDINGS LIMITED 
 SHARE PURCHASE AGREEMENT (ISSUANCE OF SERIES D SHARES) 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date herein
first written above. 
  

			
	 OFFICER AND OFFICER HOLDCO:
  

AUTOGOLD LIMITED
  

	By:	 	 /s/ WANG Yulin

	Name: WANG Yulin (王育林)
	Title: Director
	
	WANG Yulin (王育林)
		
	By:	 	 /s/ WANG Yulin

  

  
 SIGNATURE PAGE TO
KINGSOFT CLOUD HOLDINGS LIMITED 
 SHARE PURCHASE AGREEMENT (ISSUANCE OF SERIES D SHARES) 

 IN WITNESS WHEREOF, the party hereto has executed this Agreement as of the date herein first
written above. 
  

			
	KINGSOFT
	
	KINGSOFT CORPORATION LIMITED
		
	By:	 	 /s/ ZOU Tao

	Name: ZOU Tao
	Title: CEO

  

  
 SIGNATURE PAGE TO
KINGSOFT CLOUD HOLDINGS LIMITED 
 SHARE PURCHASE AGREEMENT (ISSUANCE OF SERIES D SHARES) 

 IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date herein
first written above. 
  

			
	 Liyue Investor:
  

	LIYUE JINSHI INVESTMENT L.P. (骊悦金实投资有限合伙)
		
	By:	 	 /s/ Tseng, Kuo-Lung

	Name: Tseng, Kuo-Lung
	Title: Sole Director of LIYUE INVESTMENT MANAGEMENT LTD. acting as General Partner for and on behalf of LIYUE JINSHI INVESTMENT L.P.

  
 SIGNATURE PAGE TO
KINGSOFT CLOUD HOLDINGS LIMITED 
 SHARE PURCHASE AGREEMENT (ISSUANCE OF SERIES D SHARES) 

 EXHIBITS 
  

					
		 	Exhibit A	  	 Capitalization Table

			
		 	Exhibit B	  	 Disclosure Schedule

			
		 	Exhibit C	  	 Form of Restated Shareholders Agreement

			
		 	Exhibit D	  	 Form of Restated Articles

			
		 	Exhibit E	  	 Form of Registration Rights Agreement

			
	
                   
                     
	 	Exhibit F	  	 Form of Liyue Series D Share Charge

			
		 	Exhibit G	  	 Notices

 EXHIBIT A 

CAPITALIZATION TABLE 

 EXHIBIT B 

DISCLOSURE SCHEDULE 

 EXHIBIT C 

FORM OF RESTATED SHAREHOLDERS AGREEMENT 

 EXHIBIT D 

FORM OF RESTATED ARTICLES 

 EXHIBIT E 

FORM OF REGISTRATION RIGHTS AGREEMENT 

 EXHIBIT F 

FORM OF LIYUE SERIES D SHARE CHARGE 

 EXHIBIT G 

NOTICES 

 SCHEDULE 1 

PARTICULARS OF GROUP COMPANIES 

 SCHEDULE 2 

LIST OF KEY EMPLOYEES

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00307-of-00352.parquet"}]]