Document:

Exhibit 10.1

 

 

 

 

Dated:15th September 2020

 

1       
Dermal Diagnostics Limited

 

2       
Justin Mclarney

 

 

Employment agreement

 

 

 

    	  

    	 

    

Table of contents

	1   Definitions	 	 	1	 
	2   Duration of employment	 	 	2	 
	3   Period continuously employed	 	 	2	 
	4   Former contracts	 	 	2	 
	5   Job title [and description]	 	 	2	 
	6   Promotion and protection of our interests	 	 	3	 
	7   Place of work	 	 	4	 
	8   Normal hours of work	 	 	4	 
	9   Pay	 	 	4	 
	10   Pension and contracting out certificate	 	 	4	 
	11   Expenses	 	 	5	 
	12   Holidays	 	 	5	 
	13   Absence from work	 	 	6	 
	14   Sick pay	 	 	6	 
	15   Trade union membership and collective agreements	 	 	7	 
	16   Right to require a medical examination	 	 	7	 
	17   Medical records	 	 	8	 
	18   Personal records	 	 	8	 
	19   Right to search	 	 	8	 
	20   Health and safety	 	 	9	 
	21   Outside interests	 	 	9	 
	22   Our documents	 	 	9	 
	23   Our property	 	 	9	 
	24   Confidential information	 	 	10	 
	25   Public interest disclosure	 	 	10	 
	26   Intellectual property	 	 	11	 
	27   Grievance procedure	 	 	12	 
	28   Disciplinary procedure	 	 	12	 
	29   Termination	 	 	15	 
	30   Payment in lieu of notice	 	 	15	 
	31   Garden leave	 	 	16	 
	32   Retirement	 	 	16	 
	33   Deductions	 	 	16	 
	34   Post termination restrictions	 	 	17	 
	35   Additional provisions relating to clause 34	 	 	18	 
	36   Misrepresentation	 	 	18	 

 

 

    	  

    	 

    

 

 

	37   Changes to terms	 	 	18	 
	38   Waiver	 	 	19	 
	39   Invalidity or unenforceability	 	 	19	 
	40   Provisions operating after the end of the agreement	 	 	19	 
	41   Notices	 	 	19	 
	42   Third party rights	 	 	20	 
	43   Entire agreement	 	 	20	 
	44   Interpretation	 	 	20	 
	Schedule One – Job Description	 	 	22	 

 

    	  

    	 

    

This employment agreement is made on
15th September 2020

Between:

	1		Dermal Diagnostics Limited (company number 6795555) whose registered office is at
Advanced Technology Innovation Centre, Loughborough University Science and Enterprise Parks, 5 Oakwood Drive, Loughborough, Leicestershire
LE11 3QF; and

	2		Justin Mclarney of 19 Seymour Road, West Bridgford, Nottingham NG2 5EE

It is agreed as follows:

Definitions (Go to Top)

In this agreement the following definitions
apply

	“We”, “we”, “Our”, “our”, “us”, “ours”	Dermal Diagnostics Limited.
	“You”, “you”, “Your”, “your”, “yours”	Justin Mclarney
	“associated employer”	Any associated employer of ours as defined in the Employment Rights Act 1996.
	“board”	Our board of directors and any person acting with the board’s authority but not including you.
	“our premises”	Advanced Technology Innovation Centre, Loughborough University Science and Enterprise Parks, 5 Oakwood Drive, Loughborough, Leicestershire LE11 3QF,
	“the East Midlands”	the counties of Derbyshire, Leicestershire, Rutland, Northamptonshire, Nottinghamshire and Lincolnshire.
	“working day”	Monday to Friday inclusive but not any statutory holiday.
	“person”	Any individual, group of people, firm, partnership, association (whether incorporated or not), private members’ club, company or other incorporated or unincorporated body.
	“your employment”	Your employment under this agreement.
	“recognised investment exchange”	As defined in section 285 of the Financial Services and Markets Act 2000.
	“Restricted Period”	12 months beginning with the day after your employment is terminated; 
	“intellectual property”	Copyright, database rights, designs (registered and unregistered), patents, trademarks, moral rights and any other intellectual property rights of any nature whether registered or unregistered anywhere in the world.

 

 

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	2		Duration of employment

	2.1		Your employment starts on 15th September 2020 and you will join us on an initial probationary
period of six months. Your employment will continue unless it is ended under clause 29 or clause 30.

	2.2		During the last month of the probationary period we will write to you to convene a
meeting. The meeting will take place at least a week before the end of your probationary period. At the meeting we will discuss
with you whether we will confirm your employment or extend your probationary period. If we extend your probationary period, this
clause 2.1, together with clauses 2.3, 2.4 and 2.5 will apply to the extension of your probationary period as they do to the initial
probationary period. If we confirm your employment, the said clauses will cease to apply to your employment effective from the
end of your probationary period, being either the initial six-month period or the full term of any extension to it. If we do not
confirm your employment or extend your probationary period, your employment will end at the end of the probationary period. We
will write to you to confirm this and to offer you the opportunity to appeal against our decision.

	2.3		During the probationary period, we may end your employment by giving one month’s
notice.

	2.4		During the probationary period:

	2.4.1		the disciplinary procedure set out in clause 28 will not apply;

	2.4.2		we will have the right to suspend you at any time;

	2.4.3		if we consider you guilty of gross misconduct or gross negligence, we will not be
obliged to give you any notice to terminate your employment.

	2.5		You may not take any holiday during your probationary period unless agreed with your
designated manager in writing.

	3		Period continuously
employed 

	3.1		For the purposes of the Employment Rights Act 1996 the relevant date for calculating
your continuous period of employment is 15th September 2020.

	4		Former contracts

	4.1		This agreement replaces all other employment agreements between the parties.

	4.2		You confirm that you will not breach any duty of any type owed to any person by signing
this agreement.

	5		Job title

	5.1		We will employ you as Chief Financial Officer.

	5.2		For the purposes of clause 34, you are a senior employee.

	5.3		Your current job description is set out in schedule 1.

	5.4		We may change your job title upon reasonable written notice to you.

	5.5		We may appoint others to work in a similar position to you

	5.6		We may transfer this agreement to any associated employer, in which case all references
in this agreement to us will be treated as references to the relevant associated employer from the date of transfer.

 

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	5.7		We will give you one month’s notice of any changes to the current position.

	6		Promotion and protection of our interests (Go to Top)

	6.1		During your employment you must:

	6.1.1		follow our reasonable and lawful directions;

	6.1.2		comply with all of our rules, regulations, policies, statements and procedures;

	6.1.3		keep us promptly and fully informed of your conduct of our business and explain your
actions to us whenever requested;

	6.1.4		account to us for any inducement offered to you for any business transaction;

	6.1.5		devote your whole time and attention to our business during your normal working hours
unless prevented from doing so by sickness or injury;

	6.1.6		do your best to promote our interests and our business;

	6.1.7		do your job to the best of your ability.

	6.2		During your employment you must not:

	6.2.1		do anything which could damage our interests or our business;

	6.2.2		prepare to join a competitor of ours or to set up in competition with us;

	6.2.3		introduce any business which we could deal with to any person other than us;

	6.2.4		receive for your own benefit (directly or indirectly) any inducement of any sort for
any business transaction;

	6.2.5		agree on our behalf:

	6.2.5.1		to purchase or lease any land, building or premises; or

	6.2.5.2		to give any debenture, mortgage or other security on any of our property;

	6.2.6		agree on our behalf to any capital financing, purchases or sales;

	6.2.7		agree on our behalf to employ any employee, worker or agent;

	6.2.8		dismiss any employee, worker or agent;

	6.2.9		agree on our behalf to purchase or sell goods or services.

	6.3		If you are in breach of any of the terms of this agreement you must tell us immediately
and must indemnify us in relation to any liability we incur as a result of your breach.

	6.4		If you become aware of any misconduct or other breach of contract committed by any
of our other employees you must tell us immediately.

	6.5		You must not use our telephones, faxes, IT equipment or stationery for anything other
than our business. We own any communications sent, received and stored on such media. We are able to monitor and intercept telephone
calls, letters, faxes and emails and to identify the sender and the recipient. You authorise us to do so.

 

 

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	7		Place of work

	7.1		Your main place of work will be our premises, but you must also work at various places
throughout the East Midlands as we require.

	7.2		We may require you to move house in order properly to do your job.

	8		Normal hours of work

	8.1		You are expected to work 37.5 hours each week. You will control your working hours
on a day-to-day basis, subject only that on each working day you must not begin work later than 10am nor finish work earlier than
4pm. Outside these core hours, you are expected to work such hours so that you always average 37.5 hours per week with respect
to a monthly reference period.

	8.2		You are entitled to between 30 minutes to one hour’s break for lunch which is
unpaid and does not count towards your weekly 37.5 hours requirement.

	8.3		You will also be required to work such extra hours as may be necessary for you to
do your job.

	8.4		You agree that the forty-eight hour average working week limit prescribed by the Working
Time Regulations 1998 will not apply to you but you may withdraw your agreement by giving us two months’ notice in writing.

	8.5		We do not have to provide you with work at any time or give you the opportunity to
maintain or enhance your abilities or skills.

	9		Pay

We
will pay you a basic salary at the rate of £90,000 per annum.

In
addition, you will be eligible for stock options to be awarded annually and vested after 3 years of full time employment. The
amount to be awarded will be determined by management and will be performance related.

We
do also offer several other benefits for staff and the current package on offer will be discussed with you on your joining the
company. The majority of these will be applicable after 3 months of service.

	9.1		We will not pay you extra for any overtime you work unless authorised in advance by
a company director.

	9.2		Your salary will accrue from working day to working day but will not accrue on any
working day during which you are absent due to sickness or injury or for some unauthorised reason.

	9.3		We will not pay you for any days of unauthorised absence.

	9.4		We will pay your salary monthly in arrears during the last week of each calendar month
or on such other day as we may notify to you.

	9.5		Payment will be made by BACS.

	10		Pension

	10.1		Our pension scheme satisfies the company’s responsibilities under auto-enrolment.
Further information will be given to you on joining the company.

 

 

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	11		Expenses

	11.1		Subject to clause 11.4 below, we will reimburse you for all reasonable out of pocket
expenses incurred in doing your job.

	11.2		Payment will be made monthly in arrears.

	11.3		You must produce such invoices, vouchers or other evidence as we may require.

	11.4		You must not incur any expense greater than £100.00 without prior written authorisation
from your designated manager.

	12		Holidays

	12.1		Our holiday period runs from 1st April to 31st March.

	12.2		In each complete holiday year you will be entitled to:

	12.2.1		eight statutory holidays: New Year’s Day, Good Friday, Easter Monday, May Day,
Spring Bank Holiday, Late Summer Bank Holiday, Christmas Day and Boxing Day

	12.2.2		25 working days’ paid holiday. After two years of service, you will receive
a further 1 day for each 2 years of service to a maximum of 32 days.

	12.3		If your employment starts or ends part way through a holiday year, you will be entitled
to:

	12.3.1		any statutory holiday falling during your employment; and

	12.3.2		a proportion of the working days equivalent to the proportion of the relevant holiday
year for which we actually employ you.

	12.4		If you are required to work on any statutory holiday we may either allow you an extra
day’s holiday or pay you for the day.

	12.5		Your entitlement to statutory holidays will accrue as and when they occur. Your additional
holiday entitlement will accrue pro rata from working day to working day but will not accrue on any working day during which you
are absent due to sickness or injury or for an unauthorised reason.

	12.6		During any continuous period of absence due to sickness or injury of one month or
more you will only accrue the minimum holiday entitlement under the Working Time Regulations 1998 and not any contractual holiday.

	12.7		When calculating your accrued holiday entitlement, we will always round up to the
nearest half-day.

	12.8		We may require you to take holiday at any time. We will notify you of our requirements
at least one week in advance. Subject to clauses 2.5 and 12.11, you may take holiday at any time provided that you give at least
two weeks’ notice and we do not object.

	12.9		You may carry unused holiday entitlement forward to a subsequent holiday year as per
company policy guidelines.

	12.10		We will not pay you for any working day’s holiday accrued but not taken in a
holiday year.

	12.11		You may not take more than ten working days’ holiday together without the prior
written agreement of your designated manager.

	12.12		If either party gives notice to end your employment, we may require you to take some
or all of your remaining holiday during your notice period but otherwise you will not be entitled to take any holiday during your
notice period.

 

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	12.13		Subject to clause 12.14 at the end of your employment, we will pay you in accordance
with the Working Time Regulations 1998 in lieu of any holiday entitlement not taken. You will be required to repay us any pay
received for holiday taken in excess of your holiday entitlement.

	12.14		If your employment is terminated pursuant to clause or you resign without giving notice
due under clause 29.1 you will be entitled to be paid in lieu of any untaken holiday entitlement you would have accrued based
on your minimum holiday entitlement pursuant to the Working Time Regulations 1998 only and not pursuant to clause 12.2. For these
purposes any holiday entitlement that you have taken in the holiday year in which your employment ends (including any paid holiday
or any statutory holiday) will be deemed first to be holiday entitlement due to you under the Working Time Regulations 1998. The
amount of the payment in lieu pursuant to clause 12.13 and this clause will be calculated on the basis that each days paid holiday
is equal to 1/260th of your basic annual salary.

	12.15		The provisions of regulation 15(1) to (4) of the Working Time Regulations 1998 (length
of notice to be given or received to take holidays) do not apply to your employment or this agreement.

	13		Absence from work

	13.1		You must follow our absence notification procedure. This applies to all absences other
than when you take properly authorised holiday.

	13.2		Subject to clause 13.3 if you are absent from work for any reason without advance
authorization, you must notify your designated manager by 10 am on the first day of absence, giving the reason for the absence
and the expected length of absence. You must confirm the reason in writing as soon as possible.

	13.3		If you are absent to undergo elective surgery you must explain to your manager no
later than four weeks prior to the surgery when the surgery is due to take place, how long you are likely to be absent from work
and whether the surgery is medically required. We may refuse to permit you time off to undergo the elective surgery if too disruptive
to the needs of our business at the time you intend to be absent.

	13.4		If you are absent from work for more than seven days due to sickness or injury, you
must provide your designated manager with a doctor’s certificate on the eighth day of absence. You must then provide your
designated manager with consecutive doctor’s certificates top cover your entire period of absence.

	13.5		You must report personally to your designated manager by 10:30 am on the first day
that you return to work.

	13.6		If you are absent for more than 30 working days in any twelve months, we will treat
your absence as a disciplinary matter. We may treat any absence as a disciplinary matter, depending on the circumstances.

	13.7		During any period of absence of more than 10 working days, you will be required to
return all company property issued to you. This includes all property issued to you purely for your own benefit. We will not compensate
you for the withdrawal of any of our property.

	14		Sick pay

	14.1		We operate the statutory sick pay scheme under the Social Security Contributions and
Benefits Act 1992. You must co-operate in the maintenance of all necessary records. We will offset any payment made to you during
a period of sickness (other than for salary earned previously) against any liability for statutory sick pay.

	14.2		We have absence notification procedures that you must follow. The following is simply
an explanation of the statutory sick pay regime.

 

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	14.2.1		Statutory sick pay is payable in respect of absence from work due to sickness on qualifying
days. Your qualifying days are the days on which you normally work.

	14.2.2		No statutory sick pay is payable for the first three qualifying days of a period of
sickness absence unless the first day of this sickness can be linked to a previous period of sickness. These first three days
are known as “waiting days”.

	14.2.3		Two periods of sickness can be linked if separated by fifty-six calendar days or fewer.
If you have completed waiting days in the first period of sickness, these will count as waiting days for the second period.

	14.2.4		Statutory sick pay is payable for all other qualifying days during the period of sickness
absence up to a maximum payment equal to twenty-eight times the appropriate weekly rate. Where periods of sickness absence are
linked together, your maximum entitlement is calculated cumulatively.

	14.2.5		Statutory sick pay is payable in the same way and at the same time as normal pay
and is subject to the usual deductions.

	14.3		Entitlement to statutory sick pay depends upon your compliance with the following
rules.

	14.3.1		You must not be statutorily excluded.

	14.3.2		You must notify us of absence from work due to sickness on the first qualifying day
on which you are sick. You should notify us as soon as possible and must do so no later than the end of the first day.

	14.3.3		If and only if you are unable for good reason to contact us personally or by getting
someone to contact us on your behalf that day (e.g., by telephone), we will accept written notice of sickness provided that it
is posted on the first qualifying day.

	14.3.4		If your period of sickness lasts longer than seven days, you are required to provide
a medical certificate at the start of each subsequent calendar week of continued sickness.

	14.3.5		On return to work after any period of sickness absence, you are required to complete
our self-certification form for sickness absence. This is available from your designated manager.

	15		Trade union membership and collective agreements

	15.1		You may become a member of, hold office in and/or support the activities of any independent
trade union but you do not have to do so.

	15.2		You do not have to tell us about your trade union membership, office or activities
but if you do, you authorise us to retain a record and agree to notify us of any change in details.

	15.3		Unless we are required to do so by law, we will not formally recognise a trade union.

	15.4		There are no collective agreements affecting your employment.

	16		Right to require a medical examination

	16.1		You must submit to a medical examination by any registered medical practitioner we
nominate and:

	16.1.1		you consent to the examination;

	16.1.2		you consent that a report may be published in relation to the examination and that
we may have access to it;

 

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	16.1.3		subject to clause 16.1.4 you are entitled to have access to the report before it is
supplied to us;

	16.1.4		the registered medical practitioner may withhold the report from you if he suspects
that any physical or mental harm may result from its release;

	16.1.5		you may request alterations to any errors which you perceive in the report;

	16.1.6		you consent that the report be released to us after you have had the opportunity to
inspect it and to request alterations and even if the registered medical practitioner has withheld it from you.

	16.2		You may withdraw your consent but if you do, we will have to make decisions based
on the limited information available to us. That may not be in your best interests.

	16.3		You must not unreasonably delay any examination or the provision of any report to
us.

	16.4		We will pay for the examination and the report.

	17.		Medical records

	17.1		You understand and agree that we will keep all sickness, absence and medical records
for all employment purposes including:

	17.1.1		to assist in the performance of our health and safety obligations;

	17.1.2		to assist us to assess whether any adaptation is needed to the workplace or working
conditions;

	17.1.3		for redundancy selection should that become necessary and should your history of absences
be relevant to such a selection;

	17.1.4		for assessment of your capability;

	17.1.5		to monitor compliance with our absence notification procedure.

	18		Personal records

	18.1		You understand and agree that during the course of your employment we will compile
a personnel file for you containing details concerning your employment and any relevant previous employment.

	18.2		You authorise us to retain sensitive information in your personnel file for all purposes
connected with your employment.

	18.3		You authorise us to release your personnel file or any of the details contained in
it to any person we consider appropriate whether or not that person is within the European Economic Area.

	19		Right to search

	19.1		If we suspect you of theft or industrial espionage, we may search your clothing and
personal property whilst you are on our premises or any premises from which we operate (including suppliers’, clients’
and agents’ premises).

	19.2		You may refuse to allow a search to be carried out but must understand in that case:

	19.2.1		the police will be called; and

	19.2.2		we may draw adverse inferences if you also refuse to wait for the police to arrive.

 

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	19.3		Any search may be conducted without prior notice.

	19.4		Any search will be carried out in the presence of two witnesses. In the case of a
personal search, the witnesses will be the same gender as you.

	19.5		Personal property includes any vehicle owned by either party.

	20		Health and safety

	20.1		You should be familiar with our health and safety policy and all procedures concerning
safety in emergencies including the use and operation of safety equipment and protective clothing. In particular, you must understand:

	20.1.1		fire and other emergency procedures;

	20.1.2		the position of all first-aid and fire appliances;

	20.1.3		the fire escape routes;

	20.1.4		the accident procedures;

	20.1.5		the names and locations of qualified first-aiders.

	20.2		A copy of our health and safety policy can be obtained from your designated manager
upon request.

	20.3		Details of any accident must be reported as soon as possible after the event.

	20.4		Protective equipment, clothing and overalls must be worn where appropriate and your
designated manager’s instructions must be followed at all times in that regard.

	20.5		Disciplinary action may be taken against you if we consider you have put your own
or any other person’s health or safety at risk.

	21		Outside interests

	21.1		During your employment you must not directly or indirectly be employed, engaged, concerned
or interested in any business or undertaking or any activity which we consider may be or become harmful to our interests, which
might interfere with your job or which may be or become in competition with us.

	21.2		Nothing in clause 21.1 prevents you from holding or being beneficially interested
in up to 5% of the shares in any company quoted on the London Stock Exchange or equivalent recognised investment exchange provided
that you give us full details.

	21.3		Nothing in clause 21.1 affects your rights in respect of trade union membership.

	22		Our documents

	22.1		All notes, memoranda, records, papers, documents, correspondence, writings, contact
lists, address books, and all information recorded on magnetic tape or disc or otherwise recorded or stored for reproduction whether
by manual, mechanical or electronic means including any copy which is in your possession or control and which relates to us will
be and remain our property.

	22.2		Our documents must not be used for any unauthorised purpose.

	22.3		You must return all such items in your possession or under your control to us when
requested.

 

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	23		Our property

	23.1		You must not remove our property from our premises unless specifically authorised
to do so.

	23.2		You are responsible for the care of property issued to you and you must produce such
property to us for inspection when requested.

	23.3		You must not use our property for any unauthorised purpose.

	23.4		Any property issued to you will remain ours and you must return such property to us
when requested.

	24		Confidential information (Go to Top)

	24.1		In the course of your employment you will have access to and be entrusted with information
in respect of our business and our suppliers’, clients’ and agents’ businesses, which information is or may
be secret or confidential and important to us and our suppliers, clients and agents respectively.

	24.2		Such information includes (but is not limited to) that relating to inventions, ideas,
dealings, transactions, plans, proposals, policies, statements, procedures, rules, regulations, operations, finances, prices,
business, marketing, development, manpower plans, client lists or details (whether held electronically or otherwise), contact
lists, address books, computer systems and software, designs for products or proposed products, designs for machinery for the
manufacture of products or proposed products, manufacturing processes, terms of business (whether for sale or purchase) including
discounts given and received and renewal dates of contracts, salaries and any employee’s terms and conditions of employment,
formulae and know-how or other matters connected with the products or services purchased, manufactured, marketed or provided by
us.

	24.3		You must not at any time whether during or after the end of your employment directly
or indirectly, whether alone or with or on behalf of any other person other than to do your job or as required or permitted by
law:

	24.3.1		divulge such information to any person;

	24.3.2		use such information for your own purposes or for any purposes which are not our purposes;

	24.3.3		permit any unauthorised disclosure of any such information.

	24.4		You must do your best to prevent any other person disclosing such information.

	24.5		Clause 24 does not relate to information that is (other than through your breach of
clause 24) generally available to the public.

	24.6		You might also gain access to confidential information relating to other employees,
either from the other employees themselves or in the course of your job.

	24.7		Unauthorised and inappropriate disclosure of confidential information is likely to
amount to a disciplinary offence and may, in certain circumstances, be subject to criminal sanctions.

	25		Public interest disclosure

	25.1		If you are concerned that we or any of our employees, suppliers, clients or agents
may be guilty of:

	25.1.1		a criminal offence;

	25.1.2		failure to comply with a legal obligation;

 

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	25.1.3		miscarriage of justice;

	25.1.4		endangering health or safety;

	25.1.5		damage to the environment; or

	25.1.6		concealing any of the above,

you
must report the matter immediately to your designated manager.

	25.2		We encourage employees to report all such acts or failures and consequently it is
a condition of your employment that you must do so immediately that you become aware of one. Failure to do so may result in disciplinary
action being taken against you. In serious cases, your employment may be terminated without notice or payment in lieu.

	25.3		We will investigate your concerns.

	25.4		We will try to conclude an investigation, to inform you of the result and to commence
any remedial action we consider appropriate within a period or periods that we will set when we start the investigation. If we
are unable to comply with any time limit, we will inform you within that time limit and we will tell you how much longer we expect
to need.

	26		Intellectual property

	26.1		Whilst we employ you, you might, either alone or with others, create or conceive:

	26.1.1		inventions, novel creations, ideas, discoveries, developments, writings, trade marks,
service marks, designs, drawings, improvements and innovations; and/or

	26.1.2		works in which copyright, design right and/or database right will subsist in various
media.

	26.2		You must maintain full records of your activities and present them to us when we ask
you to do so. We will own such records.

	26.3		You must tell us about such matters as soon as you are aware of them and you must
not give any other person any details of them.

	26.4		You agree that any intellectual property in such matters belongs to us. To the extent
that it does not belong to us automatically, you must transfer it to us unconditionally. We will pay the expenses involved. This
clause does not affect any right you may have to apply for a patent in your own name.

	26.5		You will do everything necessary to assist in the transfer of any intellectual property
to us including, but not limited to, signing any document we consider necessary.

	26.6		You will do everything necessary to assist in any application for us to be registered
as owner of such intellectual property. You appoint us as your agent to enable us to be registered.

	26.7		You will not claim ownership of or assert any moral right in such intellectual property
and you must not do anything that will jeopardise our rights or any application we may make for registration.

	26.8		You must not use or make reference to any intellectual property other than for our
purposes nor promote such intellectual property for your own benefit.

	26.9		When any such matter is created or conceived we and not you must be identified as
the owner of it and of the intellectual property in it. This includes, but is not limited to, our name appearing on any such matter.

	26.10		You give us a warranty that as far as you are aware, no such matter infringes the
rights of any other person. If as a result of a breach of the warranty in this clause 26.10, any other person makes a claim against
us, you will pay to us all costs and compensation including consequential losses such as loss of profits, business or goodwill
we suffer as a result of such a claim including any money we may have to pay to that other person. We will give you authority
and assist you to deal with any such claim provided that you pay our expenses for doing so.

 

    	11  

    	 

    

 

	26.11		If any such matter does infringe the rights of any other person, we will not admit
liability.

	26.12		If a third party obtains or in our opinion is likely to obtain an injunction preventing
us from using such matters, you must do everything you can to ensure we can continue to use such matters without infringing the
injunction, including obtaining any necessary licence.

	26.13		Clause 26 applies to such matters created or conceived:

	26.13.1		during or outside normal working hours;

	26.13.2		before or within twelve months after the end of your employment;

	26.13.3		in relation to our business and its current and future activities; and

	26.13.4		where it involves the use of our equipment, supplies, facilities, confidential information
or time.

	26.14		Nothing in this clause is intended to affect or diminishes your rights under the Patents
Act 1977.

	27		Grievance procedure

	27.1		If you have any grievance relating to your employment, you should raise it in writing
with your designated manager.

	27.2		We will appoint a manager to investigate the grievance and to meet with you to discuss
it. Unless some further investigation is required after the meeting, the investigating manager will notify you within seven days
of the meeting whether and, if so, what action will be taken in respect of your grievance.

	27.3		You may appeal against the decision in writing to any director. Any appeal must be
made within seven days after you receive notice of the original decision stating your grounds for appeal.

	27.4		A director will then appoint a suitable appeal manager to investigate the grievance
and to meet with you to discuss it. Unless some further investigation is required after the meeting, the appeal manager will notify
you within seven days of the meeting whether and, if so, what action will be taken in respect of your grievance.

	27.5		There will be no appeal against the appeal manager’s decision.

	27.6		At each of the meetings, you may be accompanied by a fellow employee or by a representative
of any trade union of which you are a member.

	27.7		We may change the person appointed to deal with the grievance or appeal meeting if
we consider it appropriate to do so.

	28		Disciplinary procedure

	28.1		If:

	28.1.1		you commit any act of misconduct; or

	28.1.2		you appear incapable of performing the duties or doing the work allocated to you;
or

	28.1.3		you commit an act of gross misconduct or gross negligence; or

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	28.1.4		your role becomes redundant or we contemplate terminating your employment for some
other substantial reason,

we
will appoint a manager to investigate the matter, to write to you setting out our concerns and to meet with you to discuss them
before we decide on any action to be taken. Your own views as expressed at the meeting will be taken into account.

	28.2		Unless some further investigation is required as a result of the meeting, the investigating
manager will present his results to another manager appointed by us to decide what (if any) action is necessary based on the findings
of the investigation (the disciplining manager).

	28.3		If action is necessary, the disciplining manager will invite you to a meeting within
seven working days to discuss with you the findings of the investigation and any action the disciplining manager may take following
that meeting. The disciplining manager will notify you within seven days of the meeting whether and, if so, what action will be
taken.

	28.4		We will usually take the following formal disciplinary action against you if you are
found guilty of misconduct.

	28.4.1		For a first offence, we may give a verbal or written warning. If the warning is verbal,
we will place a note on your personnel file. The warning will expire after six months.

	28.4.2		For an offence committed before the first warning expires, we will give you a final
warning in writing. This warning will state if you commit a further offence of misconduct before it expires, we may dismiss you.
The warning will expire after twelve months.

	28.4.3		We may dismiss you for an offence committed before the final warning expires. We will
notify you in writing.

	28.5		We will usually take the following formal disciplinary action against you if you are
found to be incapable of doing the job.

	28.5.1		On the first occasion, we may give you a verbal or written warning. If the warning
is verbal, we will place a note on your personnel file. The warning will expire after six months.

	28.5.2		If we consider it necessary to give another warning before the first warning expires,
this will be given in writing. This warning will state if you do not improve sufficiently, we may dismiss you. The warning will
expire after twelve months.

	28.5.3		If you do not show a marked improvement before the final warning expires, we may dismiss
you. If we decide to dismiss you, we will notify you in writing.

	28.6		During the first year of your employment, we need not give warnings prior to dismissing
you.

	28.7		We may take into account expired disciplinary warnings previously issued to you when
deciding on the appropriate disciplinary action.

	28.8		Depending on the circumstances of the case, we may consider the matter sufficiently
serious to warrant a more severe sanction than usual. In such a case, we will take such disciplinary action as we consider appropriate.

	28.9		Gross misconduct or gross negligence may result in immediate dismissal without notice
or pay in lieu. We will notify you in writing.

	28.10		Rather than terminating your employment, we may take alternative disciplinary action
against you such as demotion, change of job title or description, change of job, suspension (with or without pay) or reduction
in pay.

    	13  

    	 

    

 

	28.11		You may appeal against any disciplinary decision in writing to any director. Any appeal
must be made within seven days after you receive notice of the original decision stating your grounds for appeal.

	28.12		If you appeal against the original decision, a director will appoint a suitable appeal
manager to investigate the matter and meet you to discuss it. Your own views as expressed at the meeting will be taken into account.

	28.13		Unless some further investigation is required as a result of the appeal meeting, the
appeal manager will notify you within seven days of the meeting whether and, if so, what action will be taken as a result of your
appeal.

	28.14		There will be no appeal against the appeal manager’s decision.

	28.15		We may suspend you on full pay during the period of any investigation. If you are
suspended during an investigation, this agreement will continue, together with all rights and obligations under the agreement.

	28.16		During any period of suspension you must stay away from our premises and any premises
at which we operate including the premises of our suppliers, clients or agents.

	28.17		At each of the meetings, you may be accompanied by a fellow employee or by a representative
of any trade union of which you are a member.

	28.18		We may change the person appointed to deal with disciplinary or appeal meeting if
we consider it appropriate to do so.

	28.19		You may see the disciplinary records contained in your personnel file at any time.

	28.20		We may keep a record of warnings even after they have been removed from your file.
These may be used for selection for redundancy, although we need not rely on such records for redundancy selection if we do not
consider it appropriate to do so.

	28.21		The following offences are examples of misconduct:

	28.21.1		bad timekeeping;

	28.21.2		unreasonable unexplained absence;

	28.21.3		failure to do your job or to follow lawful instructions;

	28.21.4		persistent or regular absenteeism;

	28.21.5		minor damage to our property or property in our possession, custody or control;

	28.21.6		minor breach of our rules or of this agreement;

	28.21.7		failure to observe our procedures;

	28.21.8		abusive behaviour;

	28.21.9		failure to disclose to us matters as required in clause 25.

Offences
of a similar nature will also be dealt with under this procedure.

	28.22		The following are examples of incapability:

	28.22.1		poor performance

	28.22.2		persistent or long term absenteeism;

    	14  

    	 

    
 

	28.22.3		incompetence;

	28.22.3		unsuitability;

	28.22.5		lack of application.

	28.23		Matters of a similar nature will also be dealt with under this procedure.

	28.24		The following offences are examples of gross misconduct:

	28.24.1		theft;

	28.24.2		unauthorised possession of our documents or property;

	28.24.3		unauthorised use of our facilities;

	28.24.4		unauthorised acceptance of gifts;

	28.24.5		serious damage to our property or property in our possession, custody or control;

	28.24.6		harassment or any other form of discrimination;

	28.24.7		falsification (whether by inclusion or omission of information) of reports, accounts,
expense claims or self certification forms;

	28.24.8		falsification of time sheets;

	28.24.9		refusal to carry out duties or reasonable instructions;

	28.24.10		intoxication by reason of drink or drugs;

	28.24.11		operating machinery or driving after consumption of drink or drugs;

	28.24.12		serious breach of our rules or of this agreement;

	28.24.13		violent, dangerous or intimidatory conduct;

	28.24.14		gross insubordination;

	28.24.15		breach of health and safety regulations;

	28.24.16		smoking in a non-smoking area;

	28.24.17		disclosure of any private or confidential information relating to our officers, employees,
suppliers, clients agents or us except as set out in this agreement.

Offences
of a similar nature will be dealt with under this procedure.

	29		Termination

	29.1		Either party may end your employment by giving the other notice in writing. Subject
to clause 2.3:

	29.1.1		we must give you one month’s notice during your first 6 months of employment,
and 3 months thereafter.

	29.1.2		you must give us one month’s notice during your first 6 months of employment,
and 3 months thereafter.

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	29.1.3		Nothing in clause 29.1 will prevent us from terminating your employment without notice
and without pay in lieu if you are guilty of gross misconduct.

	29.2		Either party may end your employment by giving the other notice in writing, subject
to clause 2.3.

	30		Payment in lieu of notice

	30.1		We may choose to end your employment by paying your basic salary only during the period
of notice set out in clause 29.1.

	30.2		If either party gives notice under clause 29., we may choose at any time during the
notice period to terminate your employment by paying your basic salary only during the remainder of the notice period.

	30.3		We will not be deemed to have chosen to pay in lieu of notice unless we give you written
notice to that effect, specifically referring to clause 30. Your employment will end as soon as notice is given under clause 30.3.

	30.4		Our right to choose to make a payment in lieu of notice does not give you any right
to receive one.

	31		Garden leave

	31.1		After 1 year we have the right to implement up to 1 year of garden leave. If either
party serves notice to end your employment:

	31.1.1		we may at any time during the period of notice and for any part of the notice period
require you to:

	31.1.1.1		stay away from our premises and any premises at which we operate and the premises
of any of our suppliers, clients or agents;

	31.1.1.2		cease to do your job;

	31.1.1.3		perform such new or different duties as we may delegate to you;

	31.1.1.4		remain available to perform any duties we request of you (other than when taking holiday);
and

	31.1.1.5		work from any place within the East Midlands as we may require;

	31.1.2		you must not contact or attempt to contact any of our employees, suppliers, clients
or agents except at our request and you must disclose to us any approach made to you by any employee supplier, client or agent
of ours;

	31.1.3		you must answer any queries we may have and assist us in the transfer of suppliers,
clients and agents to our control; and

	31.1.4		you must take all holiday you have or will have accrued but not already taken by the
end of your employment with us ensuring that you follow our procedures in doing so.

	31.2		During the notice period you will remain an employee of ours and will not be permitted
to be employed by any other person, even if you are not paid by that person.

	31.3		During the notice period we will continue to pay you all salary and to provide all
benefits to which you are entitled during the notice period.

	31.4		All other provisions of this agreement will continue in force for the period of this
agreement. In particular, you will continue to be bound by clauses 6, 21, 24 and 25.

 

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	32		Retirement

	32.1		If it does not end earlier, your employment will end when you reach the normal retirement
age as defined in our pension scheme. You will not be entitled to any notice on termination by reason of retirement.

	32.2		You may ask to work after your retirement date. We will consider any request but are
not bound to agree to it.

	33		Deductions

	33.1		You agree that we may at any time deduct any sum you owe to us from any sum we owe
to you, whether or not any such sum has fallen due for payment.

	33.2		The phrase ‘any sum you owe to us’ includes any cost we may incur if we
require you to work during your notice period but you fail to do so for or all part of it.

	33.3		We may withhold any payment from you until you comply with clauses 22.3 and 23.4.

	34		Post termination restrictions

	34.1		Clients and agents During the Restricted Period you must not with a view to
supplying drug delivery and diagnostic products, including (but not limited to) any products similar to those in respect of which
we own a patent:

	34.1.1		canvas, solicit or approach any person who (at any time during the 12 months before
you are last required to do work under this agreement) is a client or agent of ours; or

	34.1.2		deal or contract with any person who (at any time during the 12 months before you
are last required to do work under this agreement) is a client or agent of ours.

	34.2		Tenders During the Restricted Period you must not solicit, interfere with,
tender for or try to entice away from us any contracts, projects, business or the renewal of any of them which is being negotiated
at any time during the 12 months before you are last required to do work under this agreement and in which negotiation you are
involved.

	34.3		Competition During the first 6 months of the Restricted Period you must not
carry on or be engaged in the role of CFO or have any interest in any business worldwide that is similar to any business that
we carry on.

	34.4		Employees During the Restricted Period you must not:

	34.4.1		solicit or attempt to entice from our employment any employee of ours over whom you
exercise control or influence at any time during the 12 months before you are last required to do work under this agreement; or

	34.4.2		employ or negotiate or arrange the employment or engagement of any employee of ours
over whom you exercise control or influence at any time during the 12 months before you are last required to do work under this
agreement.

	34.5		Clause 34.1 only applies where we have a relationship to protect. If the client or
agent in question habitually deals with a number of other suppliers of drug delivery and diagnostic products, nothing in clause
34.1 will prevent you canvassing, soliciting, approaching, dealing or contracting with such a client or agent on behalf of such
a supplier but you must bear in mind, if doing so, that you also have a duty of confidentiality to us as set out in clause 24.

	34.6		Nothing in clause 34.3 prevents you from holding or being beneficially interested
in up to 5% of the shares in any company quoted on the London Stock Exchange or equivalent recognised investment exchange provided
that you give us full details.

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	34.7		The restrictions contained in clauses 34.1, 34.2 and 34.3 prohibit only activities
that are in competition with us at the relevant time.

	34.8		The restrictions contained in clauses 34.1, 34.2, 34.3 and 34.4 apply during your
employment in respect of activities that are or will be in competition with us at the relevant time.

	34.9		Each of the restrictions in clause 34 applies to stop you acting directly or indirectly,
whether alone or with or on behalf of any other person.

	34.10		Any period of garden leave you serve under clause 31 will reduce the period of each
of the restrictions set out in clause 34 by an equivalent period.

	34.11		If you breach any of the restrictions set out in clause 34 after the end of the employment,
the Restricted Period will begin again from the date of the last such breach of that restriction. The period of the restriction
will then be calculated from the date of the breach rather than from the end of the employment.

	34.12		The restrictions contained in clause 34.3 will not apply if your employment is terminated
during the probationary period described in clause 2.2.

	35		Additional provisions relating to clause 34

	35.1		You undertake that you will immediately draw the restrictions contained in clause
34 to the attention of any person with whom you seek work, who approaches you with an offer of work or with whom you anticipate
going into business.

	35.2		You understand that you should receive legal advice as to the terms and effect of
these restrictions before agreeing to be bound by them.

	35.3		The parties agree that each of the restrictions contained in clause 34 is reasonable
and necessary as between themselves and to protect our reasonable interests. If, however, any of them is found by a court to be
unreasonable or unenforceable but would be reasonable and enforceable if certain words were deleted or added, then the restriction
will apply with those words deleted or added as appropriate.

	35.4		Each of the restrictions contained in clause 34 is to be treated as separate and can
be severed from the others. If any one or more of the restrictions is found to be unenforceable this will not affect the enforceability
of the other restrictions.

	35.5		We may give you notice to change or to reduce the scope of the restrictions contained
in clause 34 at any time.

	35.6		We may transfer or assign our rights under clause 34 to any successor of ours. You
may not transfer or assign any rights or obligations under clause 34 to any other.

	36		Misrepresentation

	36.1		You must not make any untrue statement in relation to us and, in particular, must
not state or suggest to any person that you remain employed by or connected with us after the end of your employment.

	36.2		You must not use any name that includes our name or any name similar to it for any
purpose that is not our purpose either before or after the end of your employment.

	37		Changes to terms

	37.1		Within this agreement, we have given ourselves the right to make various, specific
changes.

	37.2		We may also give you notice that we want to make changes to any of the terms of this
agreement.

    	18  

    	 

    

 

	37.2.1		No such change will be effective unless notified to you in writing.

	37.2.2		You will be given at least one month’s notice of any proposed change.

	37.2.3		Each change will be deemed accepted unless you notify us of any objection in writing
before the end of the relevant notice period.

	37.3		From time to time, we may give you authority to do certain things on our behalf that
are normally forbidden by this agreement.

	37.3.1		We will set out your authority in writing.

	37.3.2		We will limit the period and scope of your authority as we consider appropriate.

	37.3.3		Such authority will not amount to a change to the terms of this agreement other than
for its own, limited purposes.

	38		Waiver

	38.1		No waiver by us of any right or remedy arising either from any breach by you of any
term of this agreement or from any default by you under this agreement will prevent the subsequent enforcement of this agreement

	38.2		If we waive any breach or default by you on any occasion, that will not be deemed
a waiver of any subsequent breach or default and will not affect any other right that we have or may have against you under this
agreement.

	38.3		Failure or delay on our part to exercise any right or remedy that we have or may have
under this agreement will not prevent us exercising such right or remedy or any other right or remedy.

	38.4		No single or partial exercise of any right or remedy will stop us from exercising
any such right or remedy or any other right or remedy.

	39		Invalidity or unenforceability

	39.1		The complete or partial invalidity or unenforceability of any provision of this agreement
for any purpose will not affect the validity or enforceability of such provision for any other purpose and will not affect the
remaining provisions of this agreement.

	40		Provisions operating after the end of the agreement

	40.1		Any provision of this agreement that is expressed to operate or have effect for our
benefit after the end of your employment will do so however your employment ends with the exception of the circumstance described
in clause 34.12.

	41		Notices

	41.1		Any notice to be given under this agreement must be in writing and signed by the party
issuing the notice.

	41.2		Any notice may be served personally by hand or by pre-paid first class post.

	41.3		Notices may be served:

	41.3.1		on you at the address set out above or, if you move house and notify us of your new
address, to your new address; and

	41.3.2		on us at our premises or at such other address in the UK as we may notify to you.

 

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	41.4		Any notice will be served:

	41.4.1		if delivered personally, upon delivery;

	41.4.2		if by pre-paid first class post, at 5.00 pm on the second working day after posting.

	41.5		To prove personal service, it will be necessary to prove that the content of the notice
was drawn to the attention of the recipient at the time of service.

	41.6		To prove service by pre-paid first class post it will be necessary only to prove that
the notice was placed in an envelope and that the envelope was properly stamped, addressed and posted.

	42		Third party rights

	42.1		Any associated employer may rely on clauses 6, 21.1, 22, 23, 24, 25.1, 26 and 34 against
you and every reference to us in those clauses will be construed to include every such associated employer. For this purpose only,
we sign this agreement on our own behalf and as agent for all associated employers.

	42.2		Except as provided in clause 42.1, the effects of the Contracts (Rights of Third Parties)
Act 1999 are excluded from this agreement.

	42.3		No party to this agreement needs permission from any third party to change or end
this agreement.

	43		Entire agreement

	43.1		This agreement constitutes the entire agreement between the parties in relation to
your employment. Other than as set out in this agreement, the rules, regulations, policies, statements and procedures to which
it refers have no contractual force.

	43.2		If there is any difference between what is set out in this agreement and what is set
out in any other document, the details in this agreement are the correct details.

	43.3		You confirm that in signing this agreement, you are not relying on anything we may
have told you or put in writing that is not contained in this agreement.

	43.4		Clause 43.3 is not intended to exclude liability for fraudulent misrepresentation.

	44		Interpretation

	44.1		In this agreement, the headings and table of contents are inserted for convenience
only and do not affect its interpretation or construction.

	44.2		In this agreement, references to clauses and schedules are, unless otherwise stated,
to clauses of and schedules to this agreement. References to this agreement include all clauses of and schedules to this agreement.

	44.3		In this agreement, references to the singular include the plural and vice versa unless
that does not make sense in the context of the reference.

	44.4		In this agreement, references to the masculine, feminine or neuter include each of
them unless that does not make sense in the context of the reference.

	44.5		In this agreement, references to statutes or to statutory instruments include all
re-enactments or modifications of them and any regulations made under them except to the extent that any such reference has the
effect of extending, increasing or prolonging our liabilities set out in this agreement.

    	20  

    	 

    

 

	44.6		Words and expressions defined in the Companies Act 1985 will be given the same meaning
in this agreement unless they are given a different meaning within this agreement or unless to do so does not make sense in the
context in which the word or expression is used.

	44.7		This agreement is subject to English law and the parties agree to submit to the English
courts in dealing with any claim or matter arising.

 

	 
	 
	
        Signed on behalf of

        Dermal Diagnostics Limited

        by D F Chowdhury

         

        /s/ D F Chowdhury

        Director

         

         

	
        Signed by

         

        Justin Mclarney

         

        /s/ Justin Mclarney.

         

 

    	21  

    	 

    

Schedule One – Job Description

Reporting directly into the CEO and
managing a small finance team, you will have full financial ownership of the organisation.

Ensuring high quality and effective
financial and management reporting, up-skilling of the finance team, introducing effective policies and processes to improve efficiencies
and performance across the finance function.

Ensure timely completion of accountancy
related aspects of work required to meet quarterly 10-Q and annual 10-K SEC filing deadlines, as directed by CEO.

Development of the internal control
environment to meet SOX compliance requirements, as directed by CEO and external consultants.

Support CEO as required with preparation
of financial models / sales forecasts

Day to day contact, for banking facilities,
and liaison with the Audit Committee, external partners (Audit, advisory, corporate finance, legal advisers, insurance)
and regulatory authorities (SEC, NASDAQ).

 

 

 

    	22EX-4.2

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 Exhibit 4.2 
  

 
  

KINGSOFT CLOUD HOLDINGS LIMITED 

AND 
 THE BANK OF NEW YORK MELLON

 As Depositary 
 AND 

OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES 

Deposit Agreement 
 May 7,
2020 
  
  

 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 TABLE OF CONTENTS 
  

							
	 ARTICLE 1.    DEFINITIONS
	  	 	1	 
	 SECTION 1.1.
	 	 American Depositary Shares
	  	 	1	 
	 SECTION 1.2.
	 	 Commission
	  	 	2	 
	 SECTION 1.3.
	 	 Company
	  	 	2	 
	 SECTION 1.4.
	 	 Custodian
	  	 	2	 
	 SECTION 1.5.
	 	 Deliver; Surrender
	  	 	2	 
	 SECTION 1.6.
	 	 Deposit Agreement
	  	 	3	 
	 SECTION 1.7.
	 	 Depositary; Depositary’s Office
	  	 	3	 
	 SECTION 1.8.
	 	 Deposited Securities
	  	 	3	 
	 SECTION 1.9.
	 	 Disseminate
	  	 	3	 
	 SECTION 1.10.
	 	 Dollars
	  	 	3	 
	 SECTION 1.11.
	 	 DTC
	  	 	4	 
	 SECTION 1.12.
	 	 Foreign Registrar
	  	 	4	 
	 SECTION 1.13.
	 	 Holder
	  	 	4	 
	 SECTION 1.14.
	 	 Owner
	  	 	4	 
	 SECTION 1.15.
	 	 Receipts
	  	 	4	 
	 SECTION 1.16.
	 	 Registrar
	  	 	4	 
	 SECTION 1.17.
	 	 Replacement
	  	 	4	 
	 SECTION 1.18.
	 	 Restricted Securities
	  	 	5	 
	 SECTION 1.19.
	 	 Securities Act of 1933
	  	 	5	 
	 SECTION 1.20.
	 	 Shares
	  	 	5	 
	 SECTION 1.21.
	 	 SWIFT
	  	 	5	 
	 SECTION 1.22.
	 	 Termination Option Event
	  	 	5	 
		
	 ARTICLE 2.     FORM OF RECEIPTS, DEPOSIT OF SHARES, DELIVERY,
TRANSFER AND SURRENDER OF AMERICAN DEPOSITARY SHARES
	  	 	6	 
	 SECTION 2.1. 
	 	 Form of Receipts; Registration and Transferability of American Depositary Shares
	  	 	6	 
	 SECTION 2.2.
	 	 Deposit of Shares
	  	 	7	 
	 SECTION 2.3.
	 	 Delivery of American Depositary Shares
	  	 	8	 
	 SECTION 2.4. 
	 	 Registration of Transfer of American Depositary Shares; Combination and Split-up of Receipts; Interchange of Certificated and Uncertificated American Depositary Shares
	  	 	9	 
	 SECTION 2.5. 
	 	 Surrender of American Depositary Shares and Withdrawal of Deposited Securities
	  	 	10	 
	 SECTION 2.6. 
	 	 Limitations on Delivery, Registration of Transfer and Surrender of American Depositary
Shares
	  	 	11	 
	 SECTION 2.7.
	 	 Lost Receipts, etc.
	  	 	11	 
	 SECTION 2.8.
	 	 Cancellation and Destruction of Surrendered Receipts
	  	 	12	 
	 SECTION 2.9.
	 	 DTC Direct Registration System and Profile Modification System
	  	 	12	 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

							
	 ARTICLE 3.    CERTAIN OBLIGATIONS OF OWNERS AND HOLDERS OF
AMERICAN DEPOSITARY SHARES
	  	 	13	 
	 SECTION 3.1.
	 	 Filing Proofs, Certificates and Other Information
	  	 	13	 
	 SECTION 3.2.
	 	 Liability of Owner for Taxes
	  	 	13	 
	 SECTION 3.3.
	 	 Warranties on Deposit of Shares
	  	 	13	 
	 SECTION 3.4.
	 	 Disclosure of Interests
	  	 	14	 
		
	 ARTICLE 4.    THE DEPOSITED SECURITIES
	  	 	14	 
	 SECTION 4.1.
	 	 Cash Distributions
	  	 	14	 
	 SECTION 4.2.
	 	 Distributions Other Than Cash, Shares or Rights
	  	 	15	 
	 SECTION 4.3.
	 	 Distributions in Shares
	  	 	16	 
	 SECTION 4.4.
	 	 Rights
	  	 	17	 
	 SECTION 4.5.
	 	 Conversion of Foreign Currency
	  	 	18	 
	 SECTION 4.6.
	 	 Fixing of Record Date
	  	 	20	 
	 SECTION 4.7.
	 	 Voting of Deposited Shares
	  	 	20	 
	 SECTION 4.8.
	 	 Tender and Exchange Offers; Redemption, Replacement or Cancellation of Deposited
Securities
	  	 	21	 
	 SECTION 4.9.
	 	 Reports
	  	 	22	 
	 SECTION 4.10.
	 	 Lists of Owners
	  	 	23	 
	 SECTION 4.11.
	 	 Withholding
	  	 	23	 
		
	 ARTICLE 5.    THE DEPOSITARY, THE CUSTODIANS AND THE
COMPANY
	  	 	23	 
	 SECTION 5.1.
	 	 Maintenance of Office and Register by the Depositary 
	  	 	23	 
	 SECTION 5.2.
	 	 Prevention or Delay of Performance by the Company or the Depositary
	  	 	24	 
	 SECTION 5.3.
	 	 Obligations of the Depositary and the Company
	  	 	25	 
	 SECTION 5.4.
	 	 Resignation and Removal of the Depositary
	  	 	26	 
	 SECTION 5.5.
	 	 The Custodians
	  	 	27	 
	 SECTION 5.6.
	 	 Notices and Reports
	  	 	27	 
	 SECTION 5.7.
	 	 Distribution of Additional Shares, Rights, etc.
	  	 	28	 
	 SECTION 5.8.
	 	 Indemnification
	  	 	28	 
	 SECTION 5.9.
	 	 Charges of Depositary
	  	 	30	 
	 SECTION 5.10.
	 	 Retention of Depositary Documents
	  	 	31	 
	 SECTION 5.11.
	 	 Exclusivity
	  	 	31	 
	 SECTION 5.12.
	 	 Information for Regulatory Compliance
	  	 	31	 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

							
	 ARTICLE 6.    AMENDMENT AND TERMINATION
	  	 	31	 
	 SECTION 6.1.
	 	 Amendment
	  	 	31	 
	 SECTION 6.2.
	 	 Termination
	  	 	32	 
		
	 ARTICLE 7.    MISCELLANEOUS
	  	 	33	 
	 SECTION 7.1.
	 	 Counterparts; Signatures; Delivery
	  	 	33	 
	 SECTION 7.2.
	 	 No Third Party Beneficiaries
	  	 	33	 
	 SECTION 7.3.
	 	 Severability
	  	 	33	 
	 SECTION 7.4.
	 	 Owners and Holders as Parties; Binding Effect
	  	 	34	 
	 SECTION 7.5.
	 	 Notices
	  	 	34	 
	 SECTION 7.6.
	 	 Arbitration; Settlement of Disputes
	  	 	35	 
	 SECTION 7.7.
	 	 Appointment of Agent for Service of Process; Submission to Jurisdiction; Jury Trial Waiver

	  	 	35	 
	 SECTION 7.8.
	 	 Waiver of Immunities
	  	 	36	 
	 SECTION 7.9.
	 	 Governing Law
	  	 	37	 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 DEPOSIT AGREEMENT 

DEPOSIT AGREEMENT dated as of May 7, 2020 among KINGSOFT CLOUD HOLDINGS LIMITED, a company incorporated under the laws of the Cayman Islands
(herein called the Company), THE BANK OF NEW YORK MELLON, a New York banking corporation (herein called the Depositary), and all Owners and Holders (each as hereinafter defined) from time to time of American Depositary Shares issued hereunder. 

W I T N E S S E T H: 
 WHEREAS,
the Company desires to provide, as set forth in this Deposit Agreement, for the deposit of Shares (as hereinafter defined) of the Company from time to time with the Depositary or with the Custodian (as hereinafter defined) under this Deposit
Agreement, for the creation of American Depositary Shares representing the Shares so deposited and for the execution and delivery of American Depositary Receipts evidencing the American Depositary Shares; and 

WHEREAS, the American Depositary Receipts are to be substantially in the form of Exhibit A annexed to this Deposit Agreement, with appropriate
insertions, modifications and omissions, as set forth in this Deposit Agreement; 
 NOW, THEREFORE, in consideration of the premises, it is
agreed by and between the parties hereto as follows: 
  

	ARTICLE 1.	 DEFINITIONS 

The following definitions shall for all purposes, unless otherwise clearly indicated, apply to the respective terms used in this Deposit
Agreement: 
 SECTION 1.1.    American Depositary Shares. 

The term “American Depositary Shares” shall mean the securities created under this Deposit Agreement representing rights with
respect to the Deposited Securities. American Depositary Shares may be certificated securities evidenced by Receipts or uncertificated securities. The form of Receipt annexed as Exhibit A to this Deposit Agreement shall be the prospectus required
under the Securities Act of 1933 for sales of both certificated and uncertificated American Depositary Shares. Except for those provisions of this Deposit Agreement that refer specifically to Receipts, all the provisions of this Deposit Agreement
shall apply to both certificated and uncertificated American Depositary Shares. 
 Each American Depositary Share shall represent the number
of Shares specified in Exhibit A to this Deposit Agreement, except that, if there is a distribution upon Deposited Securities covered by Section 4.3, a change in Deposited Securities covered by Section 4.8 with respect to which
additional American Depositary Shares are not delivered or a sale of Deposited Securities under Section 3.2 or 4.8, each American Depositary Share shall thereafter represent the amount of Shares or other Deposited Securities that are then on
deposit per American Depositary Share after giving effect to that distribution, change or sale. 

  
 - 1 - 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 1.2.    Commission. 

The term “Commission” shall mean the Securities and Exchange Commission of the United States or any successor governmental
agency in the United States. 
 SECTION 1.3.    Company. 

The term “Company” shall mean Kingsoft Cloud Holdings Limited, a company incorporated under the laws of the Cayman Islands,
and its successors. 
 SECTION 1.4.    Custodian. 

The term “Custodian” shall mean The Hongkong and Shanghai Banking Corporation Limited, as custodian for the Depositary in Hong Kong
for the purposes of this Deposit Agreement, and any other firm or corporation the Depositary appoints under Section 5.5 as a substitute or additional custodian under this Deposit Agreement, and shall also mean all of them collectively. 

SECTION 1.5.    Deliver; Surrender. 

(a)     The term “deliver”, or its noun form, when used with respect to Shares or other Deposited
Securities, shall mean (i) book-entry transfer of those Shares or other Deposited Securities to an account maintained by an institution authorized under applicable law to effect transfers of such securities designated by the person entitled to
that delivery or (ii) physical transfer of certificates evidencing those Shares or other Deposited Securities registered in the name of, or duly endorsed or accompanied by proper instruments of transfer to, the person entitled to that delivery.

 (b)     The term “deliver”, or its noun form, when used with respect to American Depositary Shares,
shall mean (i) registration of those American Depositary Shares in the name of DTC or its nominee and book-entry transfer of those American Depositary Shares to an account at DTC designated by the person entitled to that delivery,
(ii) registration of those American Depositary Shares not evidenced by a Receipt on the books of the Depositary in the name requested by the person entitled to that delivery and mailing to that person of a statement confirming that registration
or (iii) if requested by the person entitled to that delivery, execution and delivery at the Depositary’s Office to the person entitled to that delivery of one or more Receipts evidencing those American Depositary Shares registered in the
name requested by that person. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (c)     The term “surrender”, when used with respect to
American Depositary Shares, shall mean (i) one or more book-entry transfers of American Depositary Shares to the DTC account of the Depositary, (ii) delivery to the Depositary at its Office of an instruction to surrender American
Depositary Shares not evidenced by a Receipt or (iii) surrender to the Depositary at its Office of one or more Receipts evidencing American Depositary Shares. 

SECTION 1.6.    Deposit Agreement. 

The term “Deposit Agreement” shall mean this Deposit Agreement, as it may be amended from time to time in accordance with the
provisions of this Deposit Agreement. 
 SECTION 1.7.    Depositary; Depositary’s Office. 

The term “Depositary” shall mean The Bank of New York Mellon, a New York banking corporation, and any successor as depositary
under this Deposit Agreement. The term “Office”, when used with respect to the Depositary, shall mean the office at which its depositary receipts business is administered, which, at the date of this Deposit Agreement, is located at
240 Greenwich Street, New York, New York 10286. 
 SECTION 1.8.    Deposited Securities. 

The term “Deposited Securities” as of any time shall mean Shares at such time deposited or deemed to be deposited under this
Deposit Agreement, including without limitation, Shares that have not been successfully delivered upon surrender of American Depositary Shares, and any and all other securities, property and cash received by the Depositary or the Custodian in
respect of Deposited Securities and at that time held under this Deposit Agreement. 
 SECTION
1.9.    Disseminate. 
 The term “Disseminate,” when referring to a notice or other information
to be sent by the Depositary to Owners, shall mean (i) sending that information to Owners in paper form by mail or another means or (ii) with the consent of Owners, another procedure that has the effect of making the information available
to Owners, which may include (A) sending the information by electronic mail or electronic messaging or (B) sending in paper form or by electronic mail or messaging a statement that the information is available and may be accessed by the
Owner on an Internet website and that it will be sent in paper form upon request by the Owner, when that information is so available and is sent in paper form as promptly as practicable upon request. 

SECTION 1.10.    Dollars. 

The term “Dollars” shall mean United States dollars. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 1.11.    DTC. 

The term “DTC” shall mean The Depository Trust Company or its successor. 

SECTION 1.12.    Foreign Registrar. 

The term “Foreign Registrar” shall mean the entity that carries out the duties of registrar for the Shares and any other agent
of the Company for the transfer and registration of Shares, including, without limitation, any securities depository for the Shares. 

SECTION 1.13.    Holder. 

The term “Holder” shall mean any person holding a Receipt or a security entitlement or other interest in American Depositary
Shares, whether for its own account or for the account of another person, but that is not the Owner of that Receipt or those American Depositary Shares. 

SECTION 1.14.    Owner. 

The term “Owner” shall mean the person in whose name American Depositary Shares are registered on the books of the Depositary
maintained for that purpose. 
 SECTION 1.15.    Receipts. 

The term “Receipts” shall mean the American Depositary Receipts issued under this Deposit Agreement evidencing certificated
American Depositary Shares, as the same may be amended from time to time in accordance with the provisions of this Deposit Agreement. 

SECTION 1.16.    Registrar. 

The term “Registrar” shall mean any corporation or other entity that is appointed by the Depositary to register American
Depositary Shares and transfers of American Depositary Shares as provided in this Deposit Agreement. 
 SECTION
1.17.    Replacement. 
 The term “Replacement” shall have the meaning assigned to it in Section
4.8. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 1.18.    Restricted Securities. 

The term “Restricted Securities” shall mean Shares that (i) are “restricted securities,” as defined in Rule 144
under the Securities Act of 1933, except for Shares that could be resold in reliance on Rule 144 without any conditions, (ii) are beneficially owned by an officer, director (or person performing similar functions) or other affiliate of the
Company, (iii) otherwise would require registration under the Securities Act of 1933 in connection with the public offer and sale thereof in the United States or (iv) are subject to other restrictions on sale or deposit under the laws of
the Cayman Islands, a shareholder agreement or the articles of association or similar document of the Company. 
 SECTION
1.19.    Securities Act of 1933. 
 The term “Securities Act of 1933” shall mean the United
States Securities Act of 1933, as from time to time amended. 
 SECTION 1.20.    Shares. 

The term “Shares” shall mean Ordinary Shares of the Company that are validly issued and outstanding, fully paid and
nonassessable and that were not issued in violation of any pre-emptive or similar rights of the holders of outstanding securities of the Company; provided, however, that, if there shall occur any
change in nominal or par value, a split-up or consolidation or any other reclassification or, upon the occurrence of an event described in Section 4.8, an exchange or conversion in respect of the Shares of the Company, the term
“Shares” shall thereafter also mean the successor securities resulting from such change in nominal value, split-up or consolidation or such other reclassification or such exchange or conversion. 

SECTION 1.21.    SWIFT. 

The term “SWIFT” shall mean the financial messaging network operated by the Society for Worldwide Interbank Financial
Telecommunication, or its successor. 
 SECTION 1.22.    Termination Option Event. 

The term “Termination Option Event” shall mean any of the following events or conditions: 

(i)    the Company institutes proceedings to be adjudicated as bankrupt or insolvent, consents to the institution of
bankruptcy or insolvency proceedings against it, files a petition or answer or consent seeking reorganization or relief under any applicable law in respect of bankruptcy or insolvency, consents to the filing of any petition of that kind or to the
appointment of a receiver, liquidator, assignee, trustee, custodian or sequestrator (or other similar official) of it or any substantial part of its property or makes an assignment for the benefit of creditors, or if information becomes publicly
available indicating that unsecured claims against the Company are not expected to be paid; 

  
 -5- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (ii)    the Shares are delisted, or the Company announces its intention
to delist the Shares, from a stock exchange outside the United States, and the Company has not applied to list the Shares on any other stock exchange outside the United States; 

(iii)    the American Depositary Shares are delisted from a stock exchange in the United States on which the American
Depositary Shares were listed and, 30 days after that delisting, the American Depositary Shares have not been listed on another stock exchange in the United States, nor is there a symbol available for over-the-counter trading of the American
Depositary Shares in the United States; 
 (iv)    the Depositary has received notice of facts that indicate, or
otherwise has reason to believe, that the American Depositary Shares have become, or with the passage of time will become, ineligible for registration on Form F-6 under the Securities Act of 1933; or 

(v)    an event or condition that is defined as a Termination Option Event in Section 4.1, 4.2 or 4.8. 

 

	ARTICLE 2.	 FORM OF RECEIPTS, DEPOSIT OF SHARES, DELIVERY, TRANSFER AND SURRENDER OF AMERICAN DEPOSITARY SHARES

 SECTION 2.1.    Form of Receipts; Registration and Transferability of American Depositary
Shares. 
 Definitive Receipts shall be substantially in the form set forth in Exhibit A to this Deposit Agreement, with appropriate
insertions, modifications and omissions, as permitted under this Deposit Agreement. No Receipt shall be entitled to any benefits under this Deposit Agreement or be valid or obligatory for any purpose, unless that Receipt has been (i) executed
by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the manual signature of a duly authorized
signatory of the Depositary or the Registrar or a co-registrar. The Depositary shall maintain books on which (x) each Receipt so executed and delivered as provided in this Deposit Agreement and each transfer of that Receipt and (y) all
American Depositary Shares delivered as provided in this Deposit Agreement and all registrations of transfer of American Depositary Shares, shall be registered. A Receipt bearing the facsimile signature of a person that was at any time a proper
officer of the Depositary shall, subject to the other provisions of this paragraph, bind the Depositary, even if that person was not a proper officer of the Depositary on the date of issuance of that Receipt. 

  
 -6- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The Receipts and statements confirming registration of American Depositary Shares may have
incorporated in or attached to them such legends or recitals or modifications not inconsistent with the provisions of this Deposit Agreement as may be required by the Depositary or required to comply with any applicable law or regulations thereunder
or with the rules and regulations of any securities exchange upon which American Depositary Shares may be listed or to conform with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular
Receipts and American Depositary Shares are subject by reason of the date of issuance of the underlying Deposited Securities or otherwise. 

American Depositary Shares evidenced by a Receipt, when the Receipt is properly endorsed or accompanied by proper instruments of transfer,
shall be transferable as certificated registered securities under the laws of the State of New York. American Depositary Shares not evidenced by Receipts shall be transferable as uncertificated registered securities under the laws of the State of
New York. The Depositary, notwithstanding any notice to the contrary, may treat the Owner of American Depositary Shares as the absolute owner thereof for the purpose of determining the person entitled to distribution of dividends or other
distributions or to any notice provided for in this Deposit Agreement and for all other purposes, and neither the Depositary nor the Company shall have any obligation or be subject to any liability under this Deposit Agreement to any Holder of
American Depositary Shares (but only to the Owner of those American Depositary Shares). 
 SECTION 2.2.    Deposit of
Shares. 
 Subject to the terms and conditions of this Deposit Agreement, Shares or evidence of rights to receive Shares may be deposited
under this Deposit Agreement by delivery thereof to any Custodian, accompanied by any appropriate instruments or instructions for transfer, or endorsement, in form satisfactory to the Custodian. 

As conditions of accepting Shares for deposit, the Depositary may require (i) any certification required by the Depositary or the
Custodian in accordance with the provisions of this Deposit Agreement, (ii) a written order directing the Depositary to deliver to, or upon the written order of, the person or persons stated in that order American Depositary Shares representing
those deposited Shares, (iii) evidence satisfactory to the Depositary that those Shares have been re-registered in the books of the Company or the Foreign Registrar in the name of the Depositary, a Custodian or a nominee of the Depositary or a
Custodian, (iv) evidence satisfactory to the Depositary that any necessary approval for the transfer or deposit has been granted by any governmental body in each applicable jurisdiction and (v) an agreement or assignment, or other
instrument satisfactory to the Depositary, that provides for the prompt transfer to the Custodian of any dividend, or right to subscribe for additional Shares or to receive other property, that any person in whose name those Shares are or have been
recorded may thereafter receive upon or in respect of those Shares, or, in lieu thereof, such agreement of indemnity or other agreement as shall be satisfactory to the Depositary. 

  
 -7- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The Depositary shall refuse, and shall instruct the Custodian to refuse, to accept Shares for
deposit if the Depositary has received a written notice from the Company that the Company has restricted transfer of those Shares under the Company’s articles of association or any applicable laws or that the deposit would result in any
violation of the Company’s articles of association or any applicable laws. 
 At the request and risk and expense of a person proposing
to deposit Shares, and for the account of that person, the Depositary may receive certificates for Shares to be deposited, together with the other instruments specified in this Section, for the purpose of forwarding those Share certificates to the
Custodian for deposit under this Deposit Agreement. 
 The Depositary shall instruct each Custodian that, upon each delivery to a Custodian
of a certificate or certificates for Shares to be deposited under this Deposit Agreement, together with the other documents specified in this Section, that Custodian shall, as soon as transfer and recordation can be accomplished, present that
certificate or those certificates to the Company or the Foreign Registrar, if applicable, for transfer and recordation of the Shares being deposited in the name of the Depositary or its nominee or that Custodian or its nominee. 

Deposited Securities shall be held by the Depositary or by a Custodian for the account and to the order of the Depositary or at such other
place or places as the Depositary shall determine. 
 SECTION 2.3.    Delivery of American Depositary Shares.

 The Depositary shall instruct each Custodian that, upon receipt by that Custodian of any deposit pursuant to Section 2.2, together
with the other documents or evidence required under that Section, that Custodian shall notify the Depositary of that deposit and the person or persons to whom or upon whose written order American Depositary Shares are deliverable in respect thereof.
Upon receiving a notice of a deposit from a Custodian, or upon the receipt of Shares or evidence of the right to receive Shares by the Depositary, the Depositary, subject to the terms and conditions of this Deposit Agreement, shall deliver, to or
upon the order of the person or persons entitled thereto, the number of American Depositary Shares issuable in respect of that deposit, but only upon payment to the Depositary of the fees and expenses of the Depositary for the delivery of those
American Depositary Shares as provided in Section 5.9, and of all taxes and governmental charges and fees payable in connection with that deposit and the transfer of the deposited Shares. However, the Depositary shall deliver only whole
numbers of American Depositary Shares. 

  
 -8- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 2.4.     Registration of Transfer of American Depositary
Shares; Combination and Split-up of Receipts; Interchange of Certificated and Uncertificated American Depositary Shares. 
 The
Depositary, subject to the terms and conditions of this Deposit Agreement, shall register a transfer of American Depositary Shares on its transfer books upon (i) in the case of certificated American Depositary Shares, surrender of the Receipt
evidencing those American Depositary Shares, by the Owner or by a duly authorized attorney, properly endorsed or accompanied by proper instruments of transfer or (ii) in the case of uncertificated American Depositary Shares, receipt from the
Owner of a proper instruction (including, for the avoidance of doubt, instructions through DRS and Profile as provided in Section 2.9), and, in either case, duly stamped as may be required by the laws of the State of New York and of the United
States of America. Upon registration of a transfer, the Depositary shall deliver the transferred American Depositary Shares to or upon the order of the person entitled thereto. 

The Depositary, subject to the terms and conditions of this Deposit Agreement, shall upon surrender of a Receipt or Receipts for the purpose
of effecting a split-up or combination of such Receipt or Receipts, execute and deliver a new Receipt or Receipts for any authorized number of American Depositary Shares requested, evidencing the same aggregate number of American Depositary Shares
as the Receipt or Receipts surrendered. 
 The Depositary, upon surrender of certificated American Depositary Shares for the purpose of
exchanging for uncertificated American Depositary Shares, shall cancel the Receipt evidencing those certificated American Depositary Shares and send the Owner a statement confirming that the Owner is the owner of the same number of uncertificated
American Depositary Shares. The Depositary, upon receipt of a proper instruction (including, for the avoidance of doubt, instructions through DRS and Profile as provided in Section 2.9) from the Owner of uncertificated American Depositary
Shares for the purpose of exchanging for certificated American Depositary Shares, shall cancel those uncertificated American Depositary Shares and register and deliver to the Owner a Receipt evidencing the same number of certificated American
Depositary Shares. 
 The Depositary may appoint one or more co-transfer agents for the purpose of effecting registration of transfers of
American Depositary Shares and combinations and split-ups of Receipts at designated transfer offices on behalf of the Depositary. In carrying out its functions, a co-transfer agent may require evidence of authority and compliance with applicable
laws and other requirements by Owners or persons entitled to American Depositary Shares and will be entitled to protection and indemnity to the same extent as the Depositary. 

  
 -9- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 2.5.    Surrender of American Depositary Shares and Withdrawal
of Deposited Securities. 
 Upon surrender of American Depositary Shares for the purpose of withdrawal of the Deposited Securities
represented thereby and payment of the fee of the Depositary for the surrender of American Depositary Shares as provided in Section 5.9 and payment of all taxes and governmental charges payable in connection with that surrender and withdrawal
of the Deposited Securities, and subject to the terms and conditions of this Deposit Agreement, the Owner of those American Depositary Shares shall be entitled to delivery (to the extent delivery can then be lawfully and practicably made), to or as
instructed by that Owner, of the amount of Deposited Securities at the time represented by those American Depositary Shares, but not any money or other property as to which a record date for distribution to Owners has passed (since money or
other property of that kind will be delivered or paid on the scheduled payment date to the Owner as of that record date), and except that the Depositary shall not be required to accept surrender of American Depositary Shares for the purpose
of withdrawal to the extent it would require delivery of a fraction of a Deposited Security. That delivery shall be made, as provided in this Section, without unreasonable delay. 

As a condition of accepting a surrender of American Depositary Shares for the purpose of withdrawal of Deposited Securities, the Depositary
may require (i) that each surrendered Receipt be properly endorsed in blank or accompanied by proper instruments of transfer in blank and (ii) that the surrendering Owner execute and deliver to the Depositary a written order directing the
Depositary to cause the Deposited Securities being withdrawn to be delivered to or upon the written order of a person or persons designated in that order. 

Thereupon, the Depositary shall direct the Custodian to deliver, subject to Sections 2.6, 3.1 and 3.2, the other terms and conditions of this
Deposit Agreement and local market rules and practices, to the surrendering Owner or to or upon the written order of the person or persons designated in the order delivered to the Depositary as above provided, the amount of Deposited Securities
represented by the surrendered American Depositary Shares, and the Depositary may charge the surrendering Owner a fee and its expenses for giving that direction by cable (including SWIFT) or facsimile transmission. 

If Deposited Securities are delivered physically upon surrender of American Depositary Shares for the purpose of withdrawal, that delivery
will be made at the Custodian’s office, except that, at the request, risk and expense of an Owner surrendering American Depositary Shares for withdrawal of Deposited Securities, and for the account of that Owner, the Depositary shall
direct the Custodian to forward any cash or other property comprising, and forward a certificate or certificates, if applicable, and other proper documents of title, if any, for, the Deposited Securities represented by the surrendered American
Depositary Shares to the Depositary for delivery at the Depositary’s Office or to another address specified in the order received from the surrendering Owner. 

  
 -10- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 2.6.    Limitations on Delivery, Registration of Transfer and
Surrender of American Depositary Shares. 
 As a condition precedent to the delivery, registration of transfer or surrender of any
American Depositary Shares or split-up or combination of any Receipt or withdrawal of any Deposited Securities, the Depositary, Custodian or Registrar may require payment from the depositor of Shares or the presenter of the Receipt or instruction
for registration of transfer or surrender of American Depositary Shares not evidenced by a Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto
(including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees as provided in this Deposit Agreement, may require the production of proof satisfactory to it as to the identity and
genuineness of any signature and may also require compliance with any regulations the Depositary may establish consistent with the provisions of this Deposit Agreement, including, without limitation, this Section 2.6. 

The Depositary may refuse to accept deposits of Shares for delivery of American Depositary Shares or to register transfers of American
Depositary Shares in particular instances, or may suspend deposits of Shares or registration of transfer generally, whenever it or the Company considers it necessary or advisable to do so. The Depositary may refuse surrenders of American Depositary
Shares for the purpose of withdrawal of Deposited Securities in particular instances, or may suspend surrenders for the purpose of withdrawal generally, but, notwithstanding anything to the contrary in this Deposit Agreement, only for
(i) temporary delays caused by closing of the Depositary’s register or the register of holders of Shares maintained by the Company or the Foreign Registrar, or the deposit of Shares, in connection with voting at a shareholders’
meeting or the payment of dividends, (ii) the payment of fees, taxes and similar charges, (iii) compliance with any U.S. or foreign laws or governmental regulations relating to the American Depositary Shares or to the withdrawal of the
Deposited Securities or (iv) any other reason that, at the time, is permitted under paragraph I(A)(1) of the General Instructions to Form F-6 under the Securities Act of 1993 or any successor to that provision. 

The Depositary shall not knowingly accept for deposit under this Deposit Agreement any Shares that, at the time of deposit, are Restricted
Securities. 
 SECTION 2.7.    Lost Receipts, etc. 

If a Receipt is mutilated, destroyed, lost or stolen, the Depositary shall deliver to the Owner the American Depositary Shares evidenced by
that Receipt in uncertificated form or, if requested by the Owner, execute and deliver a new Receipt of like tenor in exchange and substitution for such mutilated Receipt, upon surrender and cancellation of that mutilated Receipt, or in lieu of and
in substitution for that destroyed, lost or stolen Receipt. However, before the Depositary will deliver American Depositary Shares in uncertificated form or execute and deliver a new Receipt, in substitution for a destroyed, lost or stolen
Receipt, the Owner must (a) file with the Depositary (i) a request for that replacement before the Depositary has notice that the Receipt has been acquired by a bona fide purchaser and (ii) a sufficient indemnity bond and
(b) satisfy any other reasonable requirements imposed by the Depositary. 

  
 -11- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 2.8.    Cancellation and Destruction of Surrendered
Receipts. 
 The Depositary shall cancel all Receipts surrendered to it and is authorized to destroy Receipts so cancelled. 

SECTION 2.9.    DTC Direct Registration System and Profile Modification System. 

(a)     Notwithstanding the provisions of Section 2.4, the parties acknowledge that DTC’s Direct Registration
System (“DRS”) and Profile Modification System (“Profile”) apply to the American Depositary Shares upon acceptance thereof to DRS by DTC. DRS is the system administered by DTC that facilitates interchange between
registered holding of uncertificated securities and holding of security entitlements in those securities through DTC and a DTC participant. Profile is a required feature of DRS that allows a DTC participant, claiming to act on behalf of an Owner of
American Depositary Shares, to direct the Depositary to register a transfer of those American Depositary Shares to DTC or its nominee and to deliver those American Depositary Shares to the DTC account of that DTC participant without receipt by the
Depositary of prior authorization from the Owner to register that transfer. 
 (b)    In connection with DRS/Profile,
the parties acknowledge that the Depositary will not determine whether the DTC participant that is claiming to be acting on behalf of an Owner in requesting a registration of transfer and delivery as described in paragraph (a) above has the
actual authority to act on behalf of that Owner (notwithstanding any requirements under the Uniform Commercial Code). For the avoidance of doubt, the provisions of Sections 5.3 and 5.8 apply to the matters arising from the use of the DRS/Profile.
The parties agree that the Depositary’s reliance on and compliance with instructions received by the Depositary through the DRS/Profile system and otherwise in accordance with this Deposit Agreement shall not constitute negligence or bad faith
on the part of the Depositary. 

  
 -12- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	ARTICLE 3.	 CERTAIN OBLIGATIONS OF OWNERS AND HOLDERS OF AMERICAN DEPOSITARY SHARES 

SECTION 3.1.    Filing Proofs, Certificates and Other Information. 

Any person presenting Shares for deposit or any Owner or Holder may be required from time to time to file with the Depositary or the Custodian
such proof of citizenship or residence, exchange control approval, or such information relating to the registration on the books of the Company or the Foreign Registrar, if applicable, to execute such certificates and to make such representations
and warranties, as the Depositary may deem necessary or proper, or as the Company may reasonably require by written request to the Depositary. The Depositary may withhold the delivery or registration of transfer of American Depositary Shares, the
distribution of any dividend or other distribution or of the proceeds thereof or the delivery of any Deposited Securities until that proof or other information is filed or those certificates are executed or those representations and warranties are
made. The Depositary shall provide the Company, upon the Company’s written request and at the Company’s expense, as promptly as practicable, with copies of any information or other materials which the Depositary receives pursuant to this
Section, to the extent that the requested disclosure is permitted under applicable law. 
 SECTION 3.2.    Liability
of Owner for Taxes. 
 If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to or
in connection with any American Depositary Shares or any Deposited Securities represented by any American Depositary Shares or in connection with a transaction to which Section 4.8 applies, that tax or other governmental charge shall be payable
by the Owner of those American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary Shares
until that payment is made, and may withhold any dividends or other distributions or the proceeds thereof, or may sell for the account of the Owner any part or all of the Deposited Securities represented by those American Depositary Shares and apply
those dividends or other distributions or the net proceeds of any sale of that kind in payment of that tax or other governmental charge but, even after a sale of that kind, the Owner of those American Depositary Shares shall remain liable for
any deficiency. The Depositary shall distribute any net proceeds of a sale made under this Section that are not used to pay taxes or governmental charges to the Owners entitled to them in accordance with Section 4.1. If the number of Shares
represented by each American Depositary Share decreases as a result of a sale of Deposited Securities under this Section, the Depositary may call for surrender of the American Depositary Shares to be exchanged on a mandatory basis for a lesser
number of American Depositary Shares and may sell American Depositary Shares to the extent necessary to avoid distributing fractions of American Depositary Shares in that exchange and distribute the net proceeds of that sale to the Owners entitled
to them. 
 SECTION 3.3.    Warranties on Deposit of Shares. 

Every person depositing Shares under this Deposit Agreement shall be deemed thereby to represent and warrant that those Shares and each
certificate therefor, if applicable, are validly issued, fully paid and nonassessable and were not issued in violation of any preemptive or similar rights of the holders of outstanding securities of the Company and that the person making that
deposit is duly authorized so to do. Every depositing person shall also be deemed to represent that the Shares, at the time of deposit, are not Restricted Securities. All representations and warranties deemed made under this Section shall survive
the deposit of Shares and delivery of American Depositary Shares. 

  
 -13- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 3.4.    Disclosure of Interests. 

When required in order to comply with applicable laws and regulations or the articles of association or similar document of the Company, the
Company may from time to time request each Owner and Holder to provide to the Depositary information relating to: (a) the capacity in which it holds American Depositary Shares, (b) the identity of any Holders or other persons or entities
then or previously interested in those American Depositary Shares and the nature of those interests and (c) any other matter where disclosure of such matter is required for that compliance. Each Owner and Holder agrees to provide all
information known to it in response to a request made pursuant to this Section. Each Holder consents to the disclosure by the Depositary and the Owner or any other Holder through which it holds American Depositary Shares, directly or indirectly, of
all information responsive to a request made pursuant to this Section relating to that Holder that is known to that Owner or other Holder. The Depositary agrees to use reasonable efforts to comply with written instructions requesting that the
Depositary forward any request authorized under this Section to the Owners and to forward to the Company any responses it receives in response to that request. The Depositary may charge the Company a fee and its expenses for complying with requests
under this Section 3.4. 
  

	ARTICLE 4.	 THE DEPOSITED SECURITIES 

SECTION 4.1.    Cash Distributions. 

Whenever the Depositary receives any cash dividend or other cash distribution on Deposited Securities, the Depositary shall, subject to the
provisions of Section 4.5, convert that dividend or other distribution into Dollars and distribute the amount thus received (net of the fees and expenses of the Depositary as provided in Section 5.9) to the Owners entitled thereto, in
proportion to the number of American Depositary Shares representing those Deposited Securities held by them respectively; provided, however, that if the Custodian or the Depositary shall be required to withhold and does withhold from
that cash dividend or other cash distribution an amount on account of taxes or other governmental charges, the amount distributed to the Owners of the American Depositary Shares representing those Deposited Securities shall be reduced accordingly.
However, the Depositary will not pay any Owner a fraction of one cent, but will round each Owner’s entitlement to the nearest whole cent. 

The Company or its agent will remit to the appropriate governmental agency in each applicable jurisdiction all amounts withheld and owing to
such agency. 

  
 -14- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 If a cash distribution would represent a return of all or substantially all the value of the
Deposited Securities underlying American Depositary Shares, the Depositary may: 
 (i) require payment of or deduct the fee for surrender
of American Depositary Shares (whether or not it is also requiring surrender of American Depositary Shares) as a condition of making that cash distribution; or 

(ii) sell all Deposited Securities other than the subject cash distribution and add any net cash proceeds of that sale to the cash
distribution, call for surrender of all those American Depositary Shares and require that surrender as a condition of making that cash distribution. 
 If
the Depositary acts under this paragraph, that action shall also be a Termination Option Event. 
 SECTION
4.2.    Distributions Other Than Cash, Shares or Rights. 
 Subject to the provisions of Sections 4.11 and 5.9,
whenever the Depositary receives any distribution other than a distribution described in Section 4.1, 4.3 or 4.4 on Deposited Securities (but not in exchange for or in conversion or in lieu of Deposited Securities), the Depositary shall cause
the securities or property received by it to be distributed to the Owners entitled thereto, after deduction or upon payment of any fees and expenses of the Depositary and any taxes or other governmental charges, in proportion to the number of
American Depositary Shares representing such Deposited Securities held by them respectively, in any manner that the Depositary deems equitable and practicable for accomplishing that distribution (which may be a distribution of depositary shares
representing the securities received); provided, however, that if in the opinion of the Depositary such distribution cannot be made proportionately among the Owners entitled thereto, or if for any other reason (including, but not limited to, any
requirement that the Company or the Depositary withhold an amount on account of taxes or other governmental charges or that securities received must be registered under the Securities Act of 1933 in order to be distributed to Owners or Holders) the
Depositary deems such distribution not to be lawful and feasible, the Depositary, after consultation with the Company to the extent practicable, may adopt such other method as it may deem equitable and practicable for the purpose of effecting such
distribution, including, but not limited to, the public or private sale of the securities or property thus received, or any part thereof, and distribution of the net proceeds of any such sale (net of the fees and expenses of the Depositary as
provided in Section 5.9) to the Owners entitled thereto, all in the manner and subject to the conditions set forth in Section 4.1. The Depositary may withhold any distribution of securities under this Section 4.2 if it has not
received satisfactory assurances from the Company that the distribution does not require registration under the Securities Act of 1933. The Depositary may sell, by public or private sale, an amount of securities or other property it would otherwise
distribute under this Section 4.2 that is sufficient to pay its fees and expenses in respect of that distribution. 

  
 -15- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 If a distribution to be made under this Section 4.2 would represent a return of all or
substantially all the value of the Deposited Securities underlying American Depositary Shares, the Depositary may: 
 (i) require payment
of or deduct the fee for surrender of American Depositary Shares (whether or not it is also requiring surrender of American Depositary Shares) as a condition of making that distribution; or 

(ii) sell all Deposited Securities other than the subject distribution and add any net cash proceeds of that sale to the distribution, call
for surrender of all those American Depositary Shares and require that surrender as a condition of making that distribution. 
 If the Depositary acts under
this paragraph, that action shall also be a Termination Option Event. 
 SECTION 4.3.    Distributions in
Shares. 
 Whenever the Depositary receives any distribution on Deposited Securities consisting of a dividend in, or free distribution
of, Shares, the Depositary may, and if the Company so requests in writing, shall deliver to the Owners entitled thereto, in proportion to the number of American Depositary Shares representing those Deposited Securities held by them respectively, an
aggregate number of American Depositary Shares representing the amount of Shares received as that dividend or free distribution, subject to the terms and conditions of this Deposit Agreement with respect to the deposit of Shares and issuance of
American Depositary Shares, including withholding of any tax or governmental charge as provided in Section 4.11 and payment of the fees and expenses of the Depositary as provided in Section 5.9 (and the Depositary may sell, by public or
private sale, an amount of the Shares received (or American Depositary Shares representing those Shares) sufficient to pay its fees and expenses in respect of that distribution). In lieu of delivering fractional American Depositary Shares, the
Depositary may sell the amount of Shares represented by the aggregate of those fractions (or American Depositary Shares representing those Shares) and distribute the net proceeds, all in the manner and subject to the conditions described in
Section 4.1. If and to the extent that additional American Depositary Shares are not delivered and Shares or American Depositary Shares are not sold, each American Depositary Share shall thenceforth also represent the additional Shares
distributed on the Deposited Securities represented thereby. 
 If the Company declares a distribution in which holders of Deposited
Securities have a right to elect whether to receive cash, Shares or other securities or a combination of those things, or a right to elect to have a distribution sold on their behalf, the Depositary may, after consultation with the Company, make
that right of election available for exercise by Owners in any manner the Depositary considers to be lawful and practical. As a condition of making a distribution election right available to Owners, the Depositary may require satisfactory assurances
from the Company that doing so does not require registration of any securities under the Securities Act of 1933. 

  
 -16- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 4.4.    Rights. 

(a)    If rights are granted to the Depositary in respect of deposited Shares to purchase additional Shares or other
securities, the Company and the Depositary shall endeavor to consult as to the actions, if any, the Depositary should take in connection with that grant of rights. The Depositary may, to the extent deemed by it to be lawful and practical (i) if
requested in writing by the Company, grant to all or certain Owners rights to instruct the Depositary to purchase the securities to which the rights relate and deliver those securities or American Depositary Shares representing those securities to
Owners, (ii) if requested in writing by the Company, deliver the rights to or to the order of certain Owners, or (iii) sell the rights to the extent practicable and distribute the net proceeds of that sale to Owners entitled to those
proceeds. To the extent rights are not exercised, delivered or disposed of under (i), (ii) or (iii) above, the Depositary shall permit the rights to lapse unexercised. 

(b)    If the Depositary will act under (a)(i) above, the Company and the Depositary will enter into a separate agreement
setting forth the conditions and procedures applicable to the particular offering. Upon instruction from an applicable Owner in the form the Depositary specified and upon payment by that Owner to the Depositary of an amount equal to the purchase
price of the securities to be received upon the exercise of the rights, the Depositary shall, on behalf of that Owner, exercise the rights and purchase the securities. The purchased securities shall be delivered to, or as instructed by, the
Depositary. The Depositary shall (i) deposit the purchased Shares under this Deposit Agreement and deliver American Depositary Shares representing those Shares to that Owner or (ii) deliver or cause the purchased Shares or other securities
to be delivered to or to the order of that Owner. The Depositary will not act under (a)(i) above unless the offer and sale of the securities to which the rights relate are registered under the Securities Act of 1933 or the Depositary has received an
opinion of United States counsel that is satisfactory to it to the effect that those securities may be sold and delivered to the applicable Owners without registration under the Securities Act of 1933. For the avoidance of doubt, nothing in this
Deposit Agreement shall create any obligation on the part of the Company to file a registration statement with respect to rights or the underlying securities or to endeavor to have such a registration statement declared effective. 

(c)    If the Depositary will act under (a)(ii) above, the Company and the Depositary will enter into a separate agreement
setting forth the conditions and procedures applicable to the particular offering. Upon (i) the request of an applicable Owner to deliver the rights allocable to the American Depositary Shares of that Owner to an account specified by that Owner
to which the rights can be delivered and (ii) receipt of such documents as the Company and the Depositary agreed to require to comply with applicable law, the Depositary will deliver those rights as requested by that Owner. 

  
 -17- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (d)    If the Depositary will act under (a)(iii) above, the Depositary
will use reasonable efforts to sell the rights in proportion to the number of American Depositary Shares held by the applicable Owners and pay the net proceeds to the Owners otherwise entitled to the rights that were sold, upon an averaged or other
practical basis without regard to any distinctions among such Owners because of exchange restrictions or the date of delivery of any American Depositary Shares or otherwise. 

(e)    Payment or deduction of the fees of the Depositary as provided in Section 5.9 and payment or deduction of the
expenses of the Depositary and any applicable taxes or other governmental charges shall be conditions of any delivery of securities or payment of cash proceeds under this Section 4.4. 

(f)    The Depositary shall not be responsible for any failure to determine that it may be lawful or feasible to make
rights available to or exercise rights on behalf of Owners in general or any Owner in particular, or to sell rights. 
 SECTION
4.5.    Conversion of Foreign Currency. 
 Whenever the Depositary or the Custodian receives foreign currency, by
way of dividends or other distributions or the net proceeds from the sale of securities, property or rights, and if at the time of the receipt thereof the foreign currency so received can in the judgment of the Depositary be converted on a
reasonable basis into Dollars and the resulting Dollars transferred to the United States, the Depositary or one of its agents or affiliates or the Custodian shall convert or cause to be converted by sale or in any other manner that it may determine
that foreign currency into Dollars, and those Dollars shall be distributed, as promptly as practicable, to the Owners entitled thereto. A cash distribution may be made upon an averaged or other practicable basis without regard to any distinctions
among Owners based on exchange restrictions, the date of delivery of any American Depositary Shares or otherwise and shall be net of any expenses of conversion into Dollars incurred by the Depositary as provided in Section 5.9. 

If a conversion of foreign currency or the repatriation or distribution of Dollars can be effected only with the approval or license of any
government or agency thereof, the Depositary may, but will not be required to, file an application for that approval or license. 
 If the
Depositary determines that in its judgment any foreign currency received by the Depositary or the Custodian is not convertible on a reasonable basis into Dollars transferable to the United States, or if any approval or license of any government or
agency thereof that is required for such conversion is not filed or sought by the Depositary or is not obtained within a reasonable period as determined by the Depositary, the Depositary may distribute the foreign currency received by the Depositary
to, or in its discretion may hold such foreign currency uninvested and without liability for interest thereon for the respective accounts of, the Owners entitled to receive the same. 

  
 -18- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 If any conversion of foreign currency, in whole or in part, cannot be effected for
distribution to some of the Owners entitled thereto, the Depositary may in its discretion make that conversion and distribution in Dollars to the extent practicable and permissible to the Owners entitled thereto and may distribute the balance of the
foreign currency received by the Depositary to, or hold that balance uninvested and without liability for interest thereon for the account of, the Owners entitled thereto. 

The Depositary may convert currency itself or through any of its affiliates, or the Custodian or the Company may convert currency and pay
Dollars to the Depositary. Where the Depositary converts currency itself or through any of its affiliates, the Depositary acts as principal for its own account and not as agent, advisor, broker or fiduciary on behalf of any other person and earns
revenue, including, without limitation, transaction spreads, that it will retain for its own account. The revenue is based on, among other things, the difference between the exchange rate assigned to the currency conversion made under this Deposit
Agreement and the rate that the Depositary or its affiliate receives when buying or selling foreign currency for its own account. The Depositary makes no representation that the exchange rate used or obtained by it or its affiliate in any currency
conversion under this Deposit Agreement will be the most favorable rate that could be obtained at the time or that the method by which that rate will be determined will be the most favorable to Owners, subject to the Depositary’s obligations
under Section 5.3. The methodology used to determine exchange rates used in currency conversions made by the Depositary is available upon request. Where the Custodian converts currency, the Custodian has no obligation to obtain the most
favorable rate that could be obtained at the time or to ensure that the method by which that rate will be determined will be the most favorable to Owners, and the Depositary makes no representation that the rate is the most favorable rate and will
not be liable for any direct or indirect losses associated with the rate. In certain instances, the Depositary may receive dividends or other distributions from the Company in Dollars that represent the proceeds of a conversion of foreign currency
or translation from foreign currency at a rate that was obtained or determined by or on behalf of the Company and, in such cases, the Depositary will not engage in, or be responsible for, any foreign currency transactions and neither it nor the
Company makes any representation that the rate obtained or determined by the Company is the most favorable rate and neither it nor the Company will be liable for any direct or indirect losses associated with the rate. 

  
 -19- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 4.6.    Fixing of Record Date. 

Whenever a cash dividend, cash distribution or any other distribution is made on Deposited Securities or rights to purchase Shares or other
securities are issued with respect to Deposited Securities (which rights will be delivered to or exercised or sold on behalf of Owners in accordance with Section 4.4) or the Depositary receives notice that a distribution or issuance of that
kind will be made, or whenever the Depositary receives notice that a meeting of holders of Shares will be held in respect of which the Company has requested the Depositary to send a notice under Section 4.7, or whenever the Depositary will
assess a fee or charge against the Owners, or whenever the Depositary causes a change in the number of Shares that are represented by each American Depositary Share, or whenever the Depositary otherwise finds it necessary or convenient, the
Depositary shall fix a record date, which shall be the same as, or as near as practicable to, any corresponding record date set by the Company with respect to Shares, (a) for the determination of the Owners (i) who shall be entitled to
receive the benefit of that dividend or other distribution or those rights, (ii) who shall be entitled to give instructions for the exercise of voting rights at that meeting, (iii) who shall be responsible for that fee or charge or
(iv) for any other purpose for which the record date was set, or (b) on or after which each American Depositary Share will represent the changed number of Shares. Subject to the provisions of Sections 4.1 through 4.5 and to the other terms
and conditions of this Deposit Agreement, the Owners on a record date fixed by the Depositary shall be entitled to receive the amount distributable by the Depositary with respect to that dividend or other distribution or those rights or the net
proceeds of sale thereof in proportion to the number of American Depositary Shares held by them respectively, to give voting instructions or to act in respect of the other matter for which that record date was fixed, or be responsible for that fee
or charge, as the case may be. 
 SECTION 4.7.    Voting of Deposited Shares. 

(a)    Upon receipt of notice of any meeting of holders of Shares at which holders of Shares will be entitled to vote, if
requested in writing by the Company, the Depositary shall, as soon as practicable thereafter, Disseminate to the Owners a notice, the form of which shall be in the sole discretion of the Depositary, that shall contain (i) the information
contained in the notice of meeting received by the Depositary, (ii) a statement that the Owners as of the close of business on a specified record date will be entitled, subject to any applicable provision of Cayman Islands law and of the
articles of association or similar documents of the Company, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Shares represented by their respective American Depositary Shares, (iii) a statement as
to the manner in which those instructions may be given and (iv) the last date on which the Depositary will accept instructions (the “Instruction Cutoff Date”). 

(b)    Upon the written request of an Owner of American Depositary Shares, as of the date of the request or, if a record
date was specified by the Depositary, as of that record date, received on or before any Instruction Cutoff Date established by the Depositary, the Depositary may, and if the Depositary sent a notice under the preceding paragraph shall, endeavor, in
so far as practicable, to vote or cause to be voted the amount of deposited Shares represented by those American Depositary Shares in accordance with the instructions set forth in that request. The Depositary shall not vote or attempt to exercise
the right to vote that attaches to the deposited Shares other than in accordance with instructions given by Owners and received by the Depositary. 

(c)    There can be no assurance that Owners generally or any Owner in particular will receive the notice described in
paragraph (a) above in time to enable Owners to give instructions to the Depositary prior to the Instruction Cutoff Date. 

  
 -20- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (d)    In order to give Owners a reasonable opportunity to instruct the
Depositary as to the exercise of voting rights relating to Shares, if the Company will request the Depositary to Disseminate a notice under paragraph (a) above, the Company shall give the Depositary notice of the meeting, details concerning the
matters to be voted upon and copies of materials to be made available to holders of Shares in connection with the meeting not less than 30 days prior to the meeting date. 

SECTION 4.8.    Tender and Exchange Offers; Redemption, Replacement or Cancellation of Deposited Securities.

 (a)    The Depositary shall not tender any Deposited Securities in response to any voluntary cash tender offer,
exchange offer or similar offer made to holders of Deposited Securities (a “Voluntary Offer”), except when instructed in writing to do so by an Owner surrendering American Depositary Shares and subject to any conditions or
procedures the Depositary may require. 
 (b)    If the Depositary receives a written notice that Deposited Securities
have been redeemed for cash or otherwise purchased for cash in a transaction that is mandatory and binding on the Depositary as a holder of those Deposited Securities (a “Redemption”), the Depositary, at the expense of the Company,
shall (i) if required, surrender Deposited Securities that have been redeemed to the issuer of those securities or its agent on the redemption date, (ii) Disseminate a notice to Owners (A) notifying them of that Redemption,
(B) calling for surrender of a corresponding number of American Depositary Shares and (C) notifying them that the called American Depositary Shares have been converted into a right only to receive the money received by the Depositary upon
that Redemption and those net proceeds shall be the Deposited Securities to which Owners of those converted American Depositary Shares shall be entitled upon surrenders of those American Depositary Shares in accordance with Section 2.5 or 6.2
and (iii) distribute the money received upon that Redemption to the Owners entitled to it upon surrender by them of called American Depositary Shares in accordance with Section 2.5 (and, for the avoidance of doubt, Owners shall not be
entitled to receive that money under Section 4.1). If the Redemption affects less than all the Deposited Securities, the Depositary shall call for surrender a corresponding portion of the outstanding American Depositary Shares and only those
American Depositary Shares will automatically be converted into a right to receive the net proceeds of the Redemption. The Depositary shall allocate the American Depositary Shares converted under the preceding sentence among the Owners pro-rata to
their respective holdings of American Depositary Shares immediately prior to the Redemption, except that the allocations may be adjusted so that no fraction of a converted American Depositary Share is allocated to any Owner. A Redemption of
all or substantially all of the Deposited Securities shall be a Termination Option Event. 

  
 -21- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (c)    If the Depositary is notified of or there occurs any change in
nominal value or any subdivision, combination or any other reclassification of the Deposited Securities or any recapitalization, reorganization, sale of assets substantially as an entirety, merger or consolidation affecting the issuer of the
Deposited Securities or to which it is a party that is mandatory and binding on the Depositary as a holder of Deposited Securities and, as a result, securities or other property have been or will be delivered in exchange, conversion, replacement or
in lieu of, Deposited Securities (a “Replacement”), the Depositary shall, if required, surrender the old Deposited Securities affected by that Replacement of Shares and hold, as new Deposited Securities under this Deposit Agreement,
the new securities or other property delivered to it in that Replacement. However, the Depositary may elect to sell those new Deposited Securities if in the opinion of the Depositary it is not lawful or not practical for it to hold those new
Deposited Securities under this Deposit Agreement because those new Deposited Securities may not be distributed to Owners without registration under the Securities Act of 1933 or for any other reason, at public or private sale, at such places and on
such terms as it deems proper and proceed as if those new Deposited Securities had been Redeemed under paragraph (b) above. A Replacement shall be a Termination Option Event. 

(d)    In the case of a Replacement where the new Deposited Securities will continue to be held under this Deposit
Agreement, the Depositary may call for the surrender of outstanding Receipts to be exchanged for new Receipts specifically describing the new Deposited Securities and the number of those new Deposited Securities represented by each American
Depositary Share. If the number of Shares represented by each American Depositary Share decreases as a result of a Replacement, the Depositary may call for surrender of the American Depositary Shares to be exchanged on a mandatory basis for a lesser
number of American Depositary Shares and may sell American Depositary Shares to the extent necessary to avoid distributing fractions of American Depositary Shares in that exchange and distribute the net proceeds of that sale to the Owners entitled
to them. 
 (e)    If there are no Deposited Securities with respect to American Depositary Shares, including if the
Deposited Securities are cancelled, or the Deposited Securities with respect to American Depositary Shares have become apparently worthless, the Depositary may call for surrender of those American Depositary Shares or may cancel those American
Depositary Shares, upon notice to Owners, and that condition shall be a Termination Option Event. 
 SECTION
4.9.    Reports. 
 The Depositary shall make available for inspection by Owners at its Office any reports and
communications, including any proxy solicitation material, received from the Company which are both (a) received by the Depositary as the holder of the Deposited Securities and (b) made generally available to the holders of those Deposited
Securities by the Company. The Company shall furnish reports and communications, including any proxy soliciting material to which this Section applies, to the Depositary in English, to the extent those materials are required to be translated into
English pursuant to any regulations of the Commission. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 4.10.    Lists of Owners. 

Upon written request by the Company, the Depositary shall, at the expense of the Company, furnish to it a list, as of a recent date, of the
names, addresses and American Depositary Share holdings of all Owners. 
 SECTION 4.11.    Withholding. 

If the Depositary determines that any distribution received or to be made by the Depositary (including Shares and rights to subscribe therefor)
is subject to any tax or other governmental charge that the Depositary is obligated to withhold, the Depositary may sell, by public or private sale, all or a portion of the distributed property (including Shares and rights to subscribe therefor) in
the amounts and manner the Depositary deems necessary and practicable to pay those taxes or charges, and the Depositary shall distribute the net proceeds of that sale, after deduction of those taxes or charges, to the Owners entitled thereto in
proportion to the number of American Depositary Shares held by them respectively. 
 Services for Owners and Holders that may permit them to
obtain reduced rates of tax withholding at source or reclaim excess tax withheld, and the fees and costs associated with using services of that kind, are not provided under, and are outside the scope of, this Deposit Agreement. 

Each Owner and Holder agrees to indemnify the Company, the Depositary, the Custodian and their respective directors, employees, agents and
affiliates for, and hold each of them harmless against, any claim by any governmental authority with respect to taxes, additions to tax, penalties or interest arising out of any refund of taxes, reduced withholding at source or other tax benefit
received by it. 
  

	ARTICLE 5.	 THE DEPOSITARY, THE CUSTODIANS AND THE COMPANY 

SECTION 5.1.    Maintenance of Office and Register by the Depositary. 

Until termination of this Deposit Agreement in accordance with its terms, the Depositary shall maintain facilities for the execution, delivery,
registration, registration of transfers and surrender of American Depositary Shares in accordance with the provisions of this Deposit Agreement. 

The Depositary shall keep a register of all Owners and all outstanding American Depositary Shares, which shall be open for inspection by the
Owners at the Depositary’s Office during regular business hours, but only for the purpose of communicating with Owners regarding the business of the Company or a matter related to this Deposit Agreement or the American Depositary Shares. 

  
 -23- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The Depositary may close the register for delivery, registration of transfer or surrender for
the purpose of withdrawal from time to time as provided in Section 2.6. 
 If any American Depositary Shares are listed on one or more
stock exchanges, the Depositary shall act as Registrar or appoint a Registrar or one or more co-registrars for registration of those American Depositary Shares in accordance with any requirements of that exchange or those exchanges. 

The Company shall have the right, at all reasonable times, upon written request, to inspect transfer and registration records of the
Depositary, the Registrar and any co-transfer agents or co-registrars and to require them to supply, at the Company’s expense (unless otherwise agreed in writing between the Company and the Depositary) copies of such portions of their records
as the Company may reasonably request. 
 SECTION 5.2.    Prevention or Delay of Performance by the Company or
the Depositary. 
 Neither the Depositary nor the Company nor any of their respective directors, employees, agents or affiliates
shall incur any liability to any Owner or Holder: 
 (i) if by reason of (A) any provision of any present or future law or regulation
or other act of the government of the United States, any State of the United States or any other state or jurisdiction, or of any governmental or regulatory authority or stock exchange; (B) (in the case of the Depositary only) any provision, present
or future, of the articles of association or similar document of the Company, or any provision of any securities issued or distributed by the Company, or any offering or distribution thereof; or (C) any event or circumstance, whether natural or
caused by a person or persons, that is beyond the ability of the Depositary or the Company, as the case may be, to prevent or counteract by reasonable care or effort (including, but not limited to, earthquakes, floods, severe storms, fires,
explosions, war, terrorism, civil unrest, labor disputes or criminal acts; interruptions or malfunctions of utility services, Internet or other communications lines or systems; unauthorized access to or attacks on computer systems or websites; or
other failures or malfunctions of computer hardware or software or other systems or equipment), the Depositary or the Company is, directly or indirectly, prevented from, forbidden to or delayed in, or could be subject to any civil or criminal
penalty on account of doing or performing and therefore does not do or perform, any act or thing that, by the terms of this Deposit Agreement or the Deposited Securities, it is provided shall be done or performed; 

(ii) for any exercise of, or failure to exercise, any discretion provided for in this Deposit Agreement (including any determination by the
Depositary or the Company to take, or not take, any action that this Deposit Agreement provides the Depositary or the Company, as the case may be, may take); 

(iii) for the inability of any Owner or Holder to benefit from any distribution, offering, right or other benefit that is made available to
holders of Deposited Securities but is not, under the terms of this Deposit Agreement, made available to Owners or Holders; or 

  
 -24- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (iv) for any special, consequential or punitive damages for any breach of the terms of this
Deposit Agreement. 
 Where, by the terms of a distribution to which Section 4.1, 4.2 or 4.3 applies, or an offering to which
Section 4.4 applies, or for any other reason, that distribution or offering may not be made available to Owners, and the Depositary may not dispose of that distribution or offering on behalf of Owners and make the net proceeds available to
Owners, then the Depositary shall not make that distribution or offering available to Owners, and shall allow any rights, if applicable, to lapse. 

SECTION 5.3.    Obligations of the Depositary and the Company. 

The Company assumes no obligation nor shall it be subject to any liability under this Deposit Agreement to any Owner or Holder, except that the
Company agrees to perform its obligations specifically set forth in this Deposit Agreement without negligence or bad faith. 
 The
Depositary assumes no obligation nor shall it be subject to any liability under this Deposit Agreement to any Owner or Holder (including, without limitation, liability with respect to the validity or worth of the Deposited Securities), except that
the Depositary agrees to perform its obligations specifically set forth in this Deposit Agreement without negligence or bad faith, and the Depositary shall not be a fiduciary or have any fiduciary duty to Owners or Holders. 

Neither the Depositary nor the Company shall be under any obligation to appear in, prosecute or defend any action, suit or other proceeding in
respect of any Deposited Securities or in respect of the American Depositary Shares on behalf of any Owner or Holder or any other person. 

Each of the Depositary and the Company may rely, and shall be protected in relying upon, any written notice, request, direction or other
document believed by it to be genuine and to have been signed or presented by the proper party or parties. 
 Neither the Depositary nor the
Company shall be liable for any action or non-action by it in reliance upon the advice of or information from legal counsel, accountants, any person presenting Shares for deposit, any Owner or any other person believed by it in good faith to be
competent to give such advice or information. 
 The Depositary shall not be liable for any acts or omissions made by a successor depositary
whether in connection with a previous act or omission of the Depositary or in connection with any matter arising wholly after the removal or resignation of the Depositary, provided that in connection with the issue out of which such potential
liability arises the Depositary performed its obligations without negligence or bad faith while it acted as Depositary. 

  
 -25- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The Depositary shall not be liable for the acts or omissions of any securities depository,
clearing agency or settlement system in connection with or arising out of book-entry settlement of American Depositary Shares or Deposited Securities or otherwise. 

In the absence of bad faith on its part, the Depositary shall not be responsible for any failure to carry out any instructions to vote any of
the Deposited Securities, or for the manner in which any such vote is cast or the effect of any such vote. 
 The Depositary shall have no
duty to make any determination or provide any information as to the tax status of the Company. Neither the Depositary nor the Company shall have any liability for any tax consequences that may be incurred by Owners or Holders as a result of owning
or holding American Depositary Shares. Neither the Depositary nor the Company shall be liable for the inability or failure of an Owner or Holder to obtain the benefit of a foreign tax credit, reduced rate of withholding or refund of amounts withheld
in respect of tax or any other tax benefit. 
 No disclaimer of liability under the United States federal securities laws is intended by any
provision of this Deposit Agreement. 
 SECTION 5.4.    Resignation and Removal of the Depositary. 

The Depositary may at any time resign as Depositary hereunder by written notice of its election so to do delivered to the Company, to become
effective upon the appointment of a successor depositary and its acceptance of that appointment as provided in this Section. The effect of resignation if a successor depositary is not appointed is provided for in Section 6.2. 

The Depositary may at any time be removed by the Company by 90 days’ prior written notice of that removal, to become effective upon the
later of (i) the 90th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary and its acceptance of its appointment as provided in this Section. 

If the Depositary resigns or is removed, the Company shall use its best efforts to appoint a successor depositary, which shall be a bank or
trust company having an office in the Borough of Manhattan, The City of New York. Every successor depositary shall execute and deliver to the Company an instrument in writing accepting its appointment under this Deposit Agreement. If the Depositary
receives notice from the Company that a successor depositary has been appointed following its resignation or removal, the Depositary, upon payment of all sums due it from the Company, shall deliver to its successor a register listing all the Owners
and their respective holdings of outstanding American Depositary Shares and shall deliver the Deposited Securities to or to the order of its successor. When the Depositary has taken the actions specified in the preceding sentence (i) the
successor shall become the Depositary and shall have all the rights and shall assume all the duties of the Depositary under this Deposit Agreement and (ii) the predecessor depositary shall cease to be the Depositary and shall be discharged and
released from all obligations under this Deposit Agreement, except for its duties under Section 5.8 with respect to the time before that discharge. A successor Depositary shall notify the Owners of its appointment as soon as practical after
assuming the duties of Depositary. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 Any corporation or other entity into or with which the Depositary may be merged or
consolidated shall be the successor of the Depositary without the execution or filing of any document or any further act. 
 SECTION
5.5.    The Custodians. 
 The Custodian shall be subject at all times and in all respects to the directions of
the Depositary and shall be responsible solely to it. The Depositary in its discretion may at any time appoint a substitute or additional custodian or custodians, each of which shall thereafter be one of the Custodians under this Deposit Agreement.
If the Depositary receives notice that a Custodian is resigning and, upon the effectiveness of that resignation there would be no Custodian acting under this Deposit Agreement, the Depositary shall, as promptly as practicable after receiving that
notice, appoint a substitute custodian or custodians, each of which shall thereafter be a Custodian under this Deposit Agreement. The Depositary shall notify the Company of the appointment of a substitute or additional Custodian as promptly as
practicable. The Depositary shall require any Custodian that resigns or is removed to deliver all Deposited Securities held by it to another Custodian. 

SECTION 5.6.    Notices and Reports. 

If the Company takes or decides to take any corporate action of a kind that is addressed in Sections 4.1 to 4.4, or 4.6 to 4.8, or that effects
or will effect a change of the name or legal structure of the Company, or that effects or will effect a change to the Shares, the Company shall notify the Depositary and the Custodian of that action or decision as soon as it is lawful and practical
to give that notice. The notice shall be in English and shall include all details that the Company is required to include in any notice to any governmental or regulatory authority or securities exchange or is required to make available generally to
holders of Shares by publication or otherwise. 
 The Company will arrange for the translation into English, if not already in English, to
the extent required pursuant to any regulations of the Commission, and the prompt transmittal by the Company to the Depositary and the Custodian of all notices and any other reports and communications which are made generally available by the
Company to holders of its Shares. If requested in writing by the Company, the Depositary will Disseminate, at the Company’s expense, those notices, reports and communications to all Owners or otherwise make them available to Owners in a manner
that the Company specifies as substantially equivalent to the manner in which those communications are made available to holders of Shares and compliant with the requirements of any securities exchange on which the American Depositary Shares are
listed. The Company will timely provide the Depositary with the quantity of such notices, reports, and communications, as requested by the Depositary from time to time, in order for the Depositary to effect that Dissemination. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The Company represents, that as of the date of this Deposit Agreement, the statements in
Article 11 of the form of Receipt appearing as Exhibit A to this Deposit Agreement or, if applicable, most recently filed with the Commission pursuant to Rule 424(b) under the Securities Act with respect to the Company’s obligation to file
periodic reports under the United States Securities Exchange Act of 1934, as amended, or its qualification for exemption from registration under that Act pursuant to Rule 12g3-2(b) under that Act, as the case may be, are true and correct. The
Company agrees to promptly notify the Depositary upon becoming aware of any change in the truth of any of those statements or if there is any change in the Company’s status regarding those reporting obligations or that qualification. 

SECTION 5.7.    Distribution of Additional Shares, Rights, etc. 

If the Company or any affiliate of the Company determines to make any issuance or distribution of (1) additional Shares, (2) rights
to subscribe for Shares, (3) securities convertible into Shares, or (4) rights to subscribe for such securities (each a “Distribution”), the Company shall notify the Depositary in writing in English as promptly as
practicable and in any event before the Distribution starts and, if reasonably requested in writing by the Depositary, the Company shall promptly furnish to the Depositary either (i) evidence satisfactory to the Depositary that the Distribution
is registered under the Securities Act of 1933 or (ii) a written opinion from U.S. counsel for the Company that is reasonably satisfactory to the Depositary, stating that the Distribution does not require, or, if made in the United States,
would not require, registration under the Securities Act of 1933. 
 The Company agrees with the Depositary that neither the Company nor any
company controlled by, controlling or under common control with the Company will at any time deposit any Shares that, at the time of deposit, are Restricted Securities. 

SECTION 5.8.    Indemnification. 

The Company agrees to indemnify the Depositary, its directors, employees, agents and affiliates and each Custodian against, and hold each of
them harmless from, any liability or expense (including, but not limited to any documented fees and expenses incurred in seeking, enforcing or collecting such indemnity and the documented, reasonable fees and expenses of counsel) that may arise out
of or in connection with (a) any registration with the Commission of American Depositary Shares or Deposited Securities or the offer or sale thereof or (b) acts performed or omitted, pursuant to the provisions of or in connection with this
Deposit Agreement and the American Depositary Shares, as the same may be amended, modified or supplemented from time to time, (i) by either the Depositary or a Custodian or their respective directors, employees, agents and affiliates, except
for any liability or expense arising out of the negligence or bad faith of either of them, or (ii) by the Company or any of its directors, employees, agents and affiliates. 

  
 -28- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The indemnities contained in the preceding paragraph shall not extend to any Losses arising
out of information relating to the Depositary or any Custodian, as the case may be, furnished in writing by the Depositary to the Company expressly for use in any registration statement, proxy statement, prospectus or preliminary prospectus or any
other offering documents relating to the American Depositary Share, the Shares or any other Deposited Securities (it being acknowledged that, as of the date of this Deposit Agreement, the Depositary has not furnished any information of that kind).

 The Depositary agrees to indemnify the Company, its directors, employees, agents and affiliates and hold them harmless from any liability
or expense (including, but not limited to any documented fees and expenses incurred in seeking, enforcing or collecting such indemnity and documented, reasonable fees and expenses of counsel) that may arise out of acts performed or omitted by the
Depositary or any Custodian or their respective directors, employees, agents and affiliates due to their negligence or bad faith. 
 If a
claim is asserted or an action is commenced against a person that is entitled to seek and intends to seek indemnification for that claim or action under this Section 5.8 (an “Indemnifiable Claim”), that person (an “Indemnified
Person”) shall (i) promptly notify in writing the person obligated to provide that indemnification (the “Indemnifying Person”) of that assertion or commencement and (ii) consult in good faith with the Indemnifying Person as
to the conduct of the defense of that Indemnifiable Claim. To the extent that (x) no conflict of interest exists in the conduct of the defense and (y) no legal defenses are available to the Indemnified Person that are different from or in
addition to those available to the Indemnifying Person, the Indemnifying Person may, by written notice to the Indemnified Person, assume the defense of an Indemnifiable Claim with counsel reasonably satisfactory to the Indemnified Person. After
notice from the Indemnifying Person to the Indemnified Person of its election to assume the defense of an Indemnifiable Claim, and provided no conflict of interest exists or no different or additional legal defenses are available, the Indemnifying
Person shall not be liable to the Indemnified Person for any legal expenses of other counsel or any other expenses subsequently incurred by the Indemnified Person in connection with the defense other than reasonable costs of investigation. Neither
the Indemnified Person nor the Indemnifying Person shall compromise or settle an Indemnifiable Claim without the consent of the other (which consent shall not be unreasonably withheld). The Indemnifying Person shall have no obligation to indemnify
and hold harmless the Indemnified Person from any loss, expense or liability incurred by the Indemnified Person as a result of a default judgment entered against the Indemnified Person in an Indemnifiable Claim unless that judgment was entered after
the Indemnifying Party agreed, in writing, to assume the defense of that Indemnifiable Claim. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 5.9.    Charges of Depositary. 

The following charges shall be incurred by any party depositing or withdrawing Shares or by any party surrendering American Depositary Shares
or to whom American Depositary Shares are issued (including, without limitation, issuance pursuant to a stock dividend or stock split declared by the Company or an exchange of stock regarding the American Depositary Shares or Deposited Securities or
a delivery of American Depositary Shares pursuant to Section 4.3), or by Owners, as applicable: (1) taxes and other governmental charges, (2) such registration fees as may from time to time be in effect for the registration of
transfers of Shares generally on the Share register of the Company or Foreign Registrar and applicable to transfers of Shares to or from the name of the Depositary or its nominee or the Custodian or its nominee on the making of deposits or
withdrawals hereunder, (3) such cable (including SWIFT) and facsimile transmission fees and expenses as are expressly provided in this Deposit Agreement, (4) such expenses as are incurred by the Depositary in the conversion of foreign
currency pursuant to Section 4.5, (5) a fee of $5.00 or less per 100 American Depositary Shares (or portion thereof) for the delivery of American Depositary Shares pursuant to Section 2.3, 4.3 or 4.4 and the surrender of American
Depositary Shares pursuant to Section 2.5 or 6.2, (6) a fee of $.05 or less per American Depositary Share (or portion thereof) for any cash distribution made pursuant to this Deposit Agreement, including, but not limited to Sections 4.1
through 4.4 and Section 4.8, (7) a fee for the distribution of securities pursuant to Section 4.2 or of rights pursuant to Section 4.4 (where the Depositary will not exercise or sell those rights on behalf of Owners), such fee
being in an amount equal to the fee for the execution and delivery of American Depositary Shares referred to above which would have been charged as a result of the deposit of such securities under this Deposit Agreement (for purposes of this item 7
treating all such securities as if they were Shares) but which securities are instead distributed by the Depositary to Owners, (8) in addition to any fee charged under item 6 above, a fee of $.05 or less per American Depositary Share (or
portion thereof) per annum for depositary services, which will be payable as provided in item 9 below, and (9) any other charges payable by the Depositary or the Custodian, any of the Depositary’s or Custodian’s agents or the agents
of the Depositary’s or Custodian’s agents, in connection with the servicing of Shares or other Deposited Securities (which charges shall be assessed against Owners as of the date or dates set by the Depositary in accordance with
Section 4.6 and shall be payable at the sole discretion of the Depositary by billing those Owners for those charges or by deducting those charges from one or more cash dividends or other cash distributions). 

The Depositary may collect any of its fees by deduction from any cash distribution payable, or by selling a portion of any securities to be
distributed, to Owners that are obligated to pay those fees. 

  
 -30- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 In performing its duties under this Deposit Agreement, the Depositary may use brokers,
dealers, foreign currency dealers or other service providers that are owned by or affiliated with the Depositary and that may earn or share fees, spreads or commissions. 

The Depositary may own and deal in any class of securities of the Company and its affiliates and in American Depositary Shares. 

SECTION 5.10.    Retention of Depositary Documents. 

The Depositary is authorized to destroy those documents, records, bills and other data compiled during the term of this Deposit Agreement at
the times permitted by the laws or regulations governing the Depositary, unless the Company requests in writing, at the Company’s expense, reasonably prior to any such destruction, that those papers be retained for a longer period or turned
over to the Company. 
 SECTION 5.11.    Exclusivity. 

Without prejudice to the Company’s rights under Section 5.4, the Company agrees not to appoint any other depositary for issuance of
depositary shares, depositary receipts or any similar securities or instruments so long as The Bank of New York Mellon is acting as Depositary under this Deposit Agreement. 

SECTION 5.12.    Information for Regulatory Compliance. 

Each of the Company and the Depositary shall provide to the other, as promptly as practicable, information from its records or otherwise
available to it that is reasonably requested by the other to permit the other to comply with applicable law or requirements of governmental or regulatory authorities. 
  

	ARTICLE 6.	 AMENDMENT AND TERMINATION 

SECTION 6.1.    Amendment. 

The form of the Receipts and any provisions of this Deposit Agreement may at any time and from time to time be amended by agreement between the
Company and the Depositary without the consent of Owners or Holders in any respect that they may deem necessary or desirable. Any amendment that would impose or increase any fees or charges (other than taxes and other governmental charges,
registration fees, cable (including SWIFT) or facsimile transmission costs, delivery costs or other such expenses), or that would otherwise prejudice any substantial existing right of Owners, shall, however, not become effective as to outstanding
American Depositary Shares until the expiration of 30 days after notice of that amendment has been Disseminated to the Owners of outstanding American Depositary Shares. Every Owner and Holder, at the time any amendment so becomes effective, shall be
deemed, by continuing to hold American Depositary Shares or any interest therein, to consent and agree to that amendment and to be bound by this Deposit Agreement as amended thereby. Upon the effectiveness of an amendment to the form of Receipt,
including a change in the number of Shares represented by each American Depositary Share, the Depositary may call for surrender of Receipts to be replaced with new Receipts in the amended form or call for surrender of American Depositary Shares to
effect that change of ratio. In no event shall any amendment impair the right of the Owner to surrender American Depositary Shares and receive delivery of the Deposited Securities represented thereby, except in order to comply with mandatory
provisions of applicable law. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 6.2.    Termination. 

(a)    The Company may initiate termination of this Deposit Agreement by notice to the Depositary. The Depositary may
initiate termination of this Deposit Agreement if (i) at any time 60 days shall have expired after the Depositary delivered to the Company a written resignation notice and a successor depositary has not been appointed and accepted its
appointment as provided in Section 5.4 or (ii) a Termination Option Event has occurred or will occur. If termination of this Deposit Agreement is initiated, the Depositary shall Disseminate a notice of termination to the Owners of all
American Depositary Shares then outstanding setting a date for termination (the “Termination Date”), which shall be at least 90 days after the date of that notice, and this Deposit Agreement shall terminate on that Termination Date.

 (b)    After the Termination Date, the Company shall be discharged from all obligations under this Deposit Agreement
except for its obligations to the Depositary under Sections 5.8 and 5.9. 
 (c)    At any time after the Termination
Date, the Depositary may sell the Deposited Securities then held under this Deposit Agreement and may thereafter hold uninvested the net proceeds of any such sale, together with any other cash then held by it hereunder, unsegregated and without
liability for interest, for the pro rata benefit of the Owners of American Depositary Shares that remain outstanding, and those Owners will be general creditors of the Depositary with respect to those net proceeds and that other cash. After making
that sale, the Depositary shall be discharged from all obligations under this Deposit Agreement, except (i) to account for the net proceeds and other cash (after deducting, in each case, the fee of the Depositary for the surrender of
American Depositary Shares, any expenses for the account of the Owner of such American Depositary Shares in accordance with the terms and conditions of this Deposit Agreement and any applicable taxes or governmental charges) and (ii) for its
obligations under Section 5.8 and (iii) to act as provided in paragraph (d) below. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (d)    After the Termination Date, if any American Depositary Shares
shall remain outstanding, the Depositary shall continue to receive dividends and other distributions pertaining to Deposited Securities (that have not been sold), may sell rights and other property as provided in this Deposit Agreement and shall
deliver Deposited Securities (or sale proceeds) upon surrender of American Depositary Shares (after payment or upon deduction, in each case, of the fee of the Depositary for the surrender of American Depositary Shares, any expenses for the account
of the Owner of those American Depositary Shares in accordance with the terms and conditions of this Deposit Agreement and any applicable taxes or governmental charges). After the Termination Date, the Depositary shall not accept deposits of Shares
or deliver American Depositary Shares. After the Termination Date, (i) the Depositary may refuse to accept surrenders of American Depositary Shares for the purpose of withdrawal of Deposited Securities (that have not been sold) or reverse
previously accepted surrenders of that kind that have not settled if in its judgment the requested withdrawal would interfere with its efforts to sell the Deposited Securities, (ii) the Depositary will not be required to deliver cash proceeds
of the sale of Deposited Securities until all Deposited Securities have been sold and (iii) the Depositary may discontinue the registration of transfers of American Depositary Shares and suspend the distribution of dividends and other
distributions on Deposited Securities to the Owners and need not give any further notices or perform any further acts under this Deposit Agreement except as provided in this Section. 

 

	ARTICLE 7.	 MISCELLANEOUS 

SECTION 7.1.    Counterparts; Signatures; Delivery. 

This Deposit Agreement may be executed in any number of counterparts, each of which shall be deemed an original and all of those counterparts
shall constitute one and the same instrument. Copies of this Deposit Agreement shall be filed with the Depositary and the Custodians and shall be open to inspection by any Owner or Holder during regular business hours. 

The exchange of copies of this Deposit Agreement and manually-signed signature pages by facsimile, or email attaching a pdf or similar
bit-mapped image, shall constitute effective execution and delivery of this Deposit Agreement as to the parties to it; copies and signature pages so exchanged may be used in lieu of the original Deposit Agreement and signature pages for all purposes
and shall have the same validity, legal effect and admissibility in evidence as an original manual signature; the parties to this Deposit Agreement hereby agree not to argue to the contrary. 

SECTION 7.2.    No Third Party Beneficiaries. 

This Deposit Agreement is for the exclusive benefit of the Company, the Depositary, the Owners and the Holders and their respective successors
and shall not be deemed to give any legal or equitable right, remedy or claim whatsoever to any other person. 
 SECTION
7.3.    Severability. 
 In case any one or more of the provisions contained in this Deposit Agreement or in a
Receipt should be or become invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained in this Deposit Agreement or that Receipt shall in no way be affected, prejudiced or
disturbed thereby. 

  
 -33- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 7.4.    Owners and Holders as Parties; Binding Effect.

 The Owners and Holders from time to time shall be parties to this Deposit Agreement and shall be bound by all of the terms and conditions
of this Deposit Agreement and of the Receipts by acceptance of American Depositary Shares or any interest therein. 
 SECTION
7.5.    Notices. 
 Any and all notices to be given to the Company shall be in writing and shall be deemed to have
been duly given if personally delivered or sent by domestic first class or international air mail or air courier or sent by facsimile transmission or email attaching a pdf or similar bit-mapped image of a signed writing, addressed to Kingsoft Cloud
Holdings Limited, Kingsoft Tower, No. 33, Xiao Ying West Road, Haidian District Beijing, 100085, the People’s Republic of China, Attention: Legal Department, or any other place to which the Company may have transferred its principal office
with notice to the Depositary. 
 Any and all notices to be given to the Depositary shall be in writing and shall be deemed to have been
duly given if in English and personally delivered or sent by first class domestic or international air mail or air courier or sent by facsimile transmission or email attaching a pdf or similar bit-mapped image of a signed writing, addressed to The
Bank of New York Mellon, 240 Greenwich Street, New York, New York 10286, Attention: Depositary Receipt Administration, or any other place to which the Depositary may have transferred its Office with notice to the Company. 

Delivery of a notice to the Company or Depositary by mail or air courier shall be deemed effected when deposited, postage prepaid, in a
post-office letter box or received by an air courier service. Delivery of a notice to the Company or Depositary sent by facsimile transmission or email shall be deemed effected when the recipient acknowledges receipt of that notice. 

A notice to be given to an Owner shall be deemed to have been duly given when Disseminated to that Owner. Dissemination in paper form will be
effective when personally delivered or sent by first class domestic or international air mail or air courier, addressed to that Owner at the address of that Owner as it appears on the transfer books for American Depositary Shares of the Depositary,
or, if that Owner has filed with the Depositary a written request that notices intended for that Owner be mailed to some other address, at the address designated in that request. Dissemination in electronic form will be effective when sent in the
manner consented to by the Owner to the electronic address most recently provided by the Owner for that purpose. 

  
 -34- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 7.6.    Arbitration; Settlement of Disputes. 

Any controversy, claim or cause of action brought by any party hereto against the Company arising out of or relating to the Shares or other
Deposited Securities, the American Depositary Shares, the Receipts or this Deposit Agreement, or the breach hereof or thereof, if so elected by the claimant, shall be settled by arbitration in accordance with the International Arbitration Rules of
the American Arbitration Association, and judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. 

The place of the arbitration shall be The City of New York, State of New York, United States of America, and the language of the arbitration
shall be English. 
 The number of arbitrators shall be three, each of whom shall be disinterested in the dispute or controversy, shall have
no connection with any party thereto, and shall be an attorney experienced in international securities transactions. Each party shall appoint one arbitrator and the two arbitrators shall select a third arbitrator who shall serve as chairperson of
the tribunal. If a dispute, controversy or cause of action shall involve more than two parties, the parties shall attempt to align themselves in two sides (i.e., claimant(s) and respondent(s)), each of which shall appoint one arbitrator as if there
were only two parties to such dispute, controversy or cause of action. If such alignment and appointment shall not have occurred within thirty (30) calendar days after the initiating party serves the arbitration demand, the American Arbitration
Association shall appoint the three arbitrators, each of whom shall have the qualifications described above. The parties and the American Arbitration Association may appoint from among the nationals of any country, whether or not a party is a
national of that country. 
 The arbitral tribunal shall have no authority to award any consequential, special or punitive damages or other
damages not measured by the prevailing party’s actual damages and may not, in any event, make any ruling, finding or award that does not conform to the terms and conditions of this Deposit Agreement. 

SECTION 7.7.    Appointment of Agent for Service of Process; Submission to Jurisdiction; Jury Trial Waiver. 

The Company hereby (i) designates and appoints the person named in Exhibit A to this Deposit Agreement as the Company’s authorized
agent in the United States upon which process may be served in any suit or proceeding (including any arbitration proceeding) arising out of or relating to the Shares or Deposited Securities, the American Depositary Shares, the Receipts or this
Deposit Agreement (a “Proceeding”), (ii) consents and submits to the jurisdiction of any state or federal court in the State of New York in which any Proceeding may be instituted and (iii) agrees that service of process upon said
authorized agent shall be deemed in every respect effective service of process upon the Company in any Proceeding. The Company agrees to deliver to the Depositary, upon the execution and delivery of this Deposit Agreement, a written acceptance by
the agent named in Exhibit A to this Deposit Agreement of its appointment as process agent. The Company further agrees to take any and all action, including the filing of any and all such documents and instruments, as may be necessary to continue
that designation and appointment in full force and effect, or to appoint and maintain the appointment of another process agent located in the United States as required above, and to deliver to the Depositary a written acceptance by that agent of
that appointment, for so long as any American Depositary Shares or Receipts remain outstanding or this Deposit Agreement remains in force. In the event the Company fails to maintain the designation and appointment of a process agent in the United
States in full force and effect, the Company hereby waives personal service of process upon it and consents that a service of process in connection with a Proceeding may be made by certified or registered mail, return receipt requested, directed to
the Company at its address last specified for notices under this Deposit Agreement, and service so made shall be deemed completed five (5) days after the same shall have been so mailed. 

  
 -35- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 EACH PARTY TO THIS DEPOSIT AGREEMENT (INCLUDING, FOR AVOIDANCE OF DOUBT, EACH OWNER AND
HOLDER) HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING AGAINST THE COMPANY AND/OR THE DEPOSITARY DIRECTLY OR INDIRECTLY ARISING OUT OF OR
RELATING TO THE SHARES OR OTHER DEPOSITED SECURITIES, THE AMERICAN DEPOSITARY SHARES OR THE RECEIPTS, THIS DEPOSIT AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREIN OR THEREIN, OR THE BREACH HEREOF OR THEREOF, INCLUDING, WITHOUT LIMITATION, ANY
QUESTION REGARDING EXISTENCE, VALIDITY OR TERMINATION (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). 
 SECTION
7.8.    Waiver of Immunities. 
 To the extent that the Company or any of its properties, assets or revenues may
have or may hereafter become entitled to, or have attributed to it, any right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the giving of any relief in any respect thereof, from setoff or
counterclaim, from the jurisdiction of any court, from service of process, from attachment upon or prior to judgment, from attachment in aid of execution or judgment, or from execution of judgment, or other legal process or proceeding for the giving
of any relief or for the enforcement of any judgment, in any jurisdiction in which proceedings may at any time be commenced, with respect to its obligations, liabilities or any other matter under or arising out of or in connection with the Shares or
Deposited Securities, the American Depositary Shares, the Receipts or this Deposit Agreement, the Company, to the fullest extent permitted by law, hereby irrevocably and unconditionally waives, and agrees not to plead or claim, any immunity of that
kind and consents to relief and enforcement as provided above. 

  
 -36- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 SECTION 7.9.     Governing Law. 

This Deposit Agreement and the Receipts shall be interpreted in accordance with and all rights hereunder and thereunder and provisions hereof
and thereof shall be governed by the laws of the State of New York. 

  
 -37- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 IN WITNESS WHEREOF, KINGSOFT CLOUD HOLDINGS LIMITED and THE BANK OF NEW YORK MELLON have duly
executed this Deposit Agreement as of the day and year first set forth above and all Owners and Holders shall become parties hereto upon acceptance by them of American Depositary Shares or any interest therein. 

 

					
	 KINGSOFT CLOUD HOLDINGS

LIMITED

		
	By:	 	 

  

		 	Name:	 	Yulin Wang
		 	Title:	 	Director, Chief Executive Officer
	
	 THE BANK OF NEW YORK MELLON,
 as
Depositary

		
	By:	 	
                     
                               

		 	Name:	 	
		 	Title:	 	

  
 [Signature Page to
Deposit Agreement] 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 IN WITNESS WHEREOF, KINGSOFT CLOUD HOLDINGS LIMITED and THE BANK OF NEW YORK MELLON have duly
executed this Deposit Agreement as of the day and year first set forth above and all Owners and Holders shall become parties hereto upon acceptance by them of American Depositary Shares or any interest therein. 

 

					
	 KINGSOFT CLOUD HOLDINGS

LIMITED

		
	By:	 	
                     
                   

		 	Name:	 	
		 	Title:	 	
	
	 THE BANK OF NEW YORK MELLON,
 as
Depositary

		
	By:	 	 

  

		 	Name:	 	Robert W. Goad
		 	Title:	 	Managing Director

  
 -38- 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 EXHIBIT A 

AMERICAN DEPOSITARY SHARES 

(Each American Depositary Share represents 

Fifteen (15) deposited Shares) 

THE BANK OF NEW YORK MELLON 

AMERICAN DEPOSITARY RECEIPT 
 FOR
ORDINARY SHARES OF 
 KINGSOFT CLOUD HOLDINGS LIMITED 

(INCORPORATED UNDER THE LAWS OF THE CAYMAN ISLANDS) 

The Bank of New York Mellon, as depositary (hereinafter called the “Depositary”), hereby certifies that
                    , or registered assigns IS THE OWNER
OF                     
 AMERICAN
DEPOSITARY SHARES 
 representing deposited Ordinary Shares (herein called “Shares”) of Kingsoft Cloud Holdings Limited, incorporated under the
laws of the Cayman Islands (herein called the “Company”). At the date hereof, each American Depositary Share represents fifteen (15) Shares deposited or subject to deposit under the Deposit Agreement (as such term is
hereinafter defined) with a custodian for the Depositary (herein called the “Custodian”) that, as of the date of the Deposit Agreement, was The Hongkong and Shanghai Banking Corporation Limited located in Hong Kong. The
Depositary’s Office and its principal executive office are located at 240 Greenwich Street, New York, N.Y. 10286. 
 THE
DEPOSITARY’S OFFICE ADDRESS IS 
 240 GREENWICH STREET, NEW YORK, N.Y. 10286 

  
 A-1 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	1.	 THE DEPOSIT AGREEMENT. 

This American Depositary Receipt is one of an issue (herein called “Receipts”), all issued and to be issued upon the terms and
conditions set forth in the Deposit Agreement dated as of May 7, 2020 (herein called the “Deposit Agreement”) among the Company, the Depositary, and all Owners and Holders from time to time of American Depositary Shares issued
thereunder, each of whom by accepting American Depositary Shares agrees to become a party thereto and become bound by all the terms and conditions thereof. The Deposit Agreement sets forth the rights of Owners and Holders and the rights and duties
of the Depositary in respect of the Shares deposited thereunder and any and all other securities, property and cash from time to time received in respect of those Shares and held thereunder (those Shares, securities, property, and cash are herein
called “Deposited Securities”). Copies of the Deposit Agreement are on file at the Depositary’s Office in New York City and at the office of the Custodian. 

The statements made on the face and reverse of this Receipt are summaries of certain provisions of the Deposit Agreement and are qualified by
and subject to the detailed provisions of the Deposit Agreement, to which reference is hereby made. Capitalized terms defined in the Deposit Agreement and not defined herein shall have the meanings set forth in the Deposit Agreement. 

 

	2.	 SURRENDER OF AMERICAN DEPOSITARY SHARES AND WITHDRAWAL OF SHARES. 

Upon surrender of American Depositary Shares for the purpose of withdrawal of the Deposited Securities represented thereby and payment of the
fee of the Depositary for the surrender of American Depositary Shares as provided in Section 5.9 of the Deposit Agreement and payment of all taxes and governmental charges payable in connection with that surrender and withdrawal of the
Deposited Securities, and subject to the terms and conditions of the Deposit Agreement, the Owner of those American Depositary Shares shall be entitled to delivery (to the extent delivery can then be lawfully and practicably made), to or as
instructed by that Owner, of the amount of Deposited Securities at the time represented by those American Depositary Shares, but not any money or other property as to which a record date for distribution to Owners has passed (since money or
other property of that kind will be delivered or paid on the scheduled payment date to the Owner as of that record date), and except that the Depositary shall not be required to accept surrender of American Depositary Shares for the purpose
of withdrawal to the extent it would require delivery of a fraction of a Deposited Security. The Depositary shall direct the Custodian with respect to delivery of Deposited Securities and may charge the surrendering Owner a fee and its expenses for
giving that direction by cable (including SWIFT) or facsimile transmission. If Deposited Securities are delivered physically upon surrender of American Depositary Shares for the purpose of withdrawal, that delivery will be made at the
Custodian’s office, except that, at the request, risk and expense of the surrendering Owner, and for the account of that Owner, the Depositary shall direct the Custodian to forward any cash or other property comprising, and forward a
certificate or certificates, if applicable, and other proper documents of title, if any, for, the Deposited Securities represented by the surrendered American Depositary Shares to the Depositary for delivery at the Depositary’s Office or to
another address specified in the order received from the surrendering Owner. 

  
 A-2 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	3.	 REGISTRATION OF TRANSFER OF AMERICAN DEPOSITARY SHARES; COMBINATION AND SPLIT-UP OF RECEIPTS; INTERCHANGE OF
CERTIFICATED AND UNCERTIFICATED AMERICAN DEPOSITARY SHARES. 

 The Depositary, subject to the terms and conditions of the
Deposit Agreement, shall register a transfer of American Depositary Shares on its transfer books upon (i) in the case of certificated American Depositary Shares, surrender of the Receipt evidencing those American Depositary Shares, by the Owner
or by a duly authorized attorney, properly endorsed or accompanied by proper instruments of transfer or (ii) in the case of uncertificated American Depositary Shares, receipt from the Owner of a proper instruction (including, for the avoidance
of doubt, instructions through DRS and Profile as provided in Section 2.9 of that Agreement), and, in either case, duly stamped as may be required by the laws of the State of New York and of the United States of America. Upon registration of a
transfer, the Depositary shall deliver the transferred American Depositary Shares to or upon the order of the person entitled thereto. 

The Depositary, subject to the terms and conditions of the Deposit Agreement, shall upon surrender of a Receipt or Receipts for the purpose of
effecting a split-up or combination of such Receipt or Receipts, execute and deliver a new Receipt or Receipts for any authorized number of American Depositary Shares requested, evidencing the same aggregate number of American Depositary Shares as
the Receipt or Receipts surrendered. 
 The Depositary, upon surrender of certificated American Depositary Shares for the purpose of
exchanging for uncertificated American Depositary Shares, shall cancel the Receipt evidencing those certificated American Depositary Shares and send the Owner a statement confirming that the Owner is the owner of the same number of uncertificated
American Depositary Shares. The Depositary, upon receipt of a proper instruction (including, for the avoidance of doubt, instructions through DRS and Profile as provided in Section 2.9 of the Deposit Agreement) from the Owner of uncertificated
American Depositary Shares for the purpose of exchanging for certificated American Depositary Shares, shall cancel those uncertificated American Depositary Shares and register and deliver to the Owner a Receipt evidencing the same number of
certificated American Depositary Shares. 
 As a condition precedent to the delivery, registration of transfer, or surrender of any American
Depositary Shares or split-up or combination of any Receipt or withdrawal of any Deposited Securities, the Depositary, the Custodian, or Registrar may require payment from the depositor of the Shares or the presenter of the Receipt or instruction
for registration of transfer or surrender of American Depositary Shares not evidenced by a Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration fee with respect thereto
(including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment of any applicable fees as provided in the Deposit Agreement, may require the production of proof satisfactory to it as to the identity and
genuineness of any signature and may also require compliance with any regulations the Depositary may establish consistent with the provisions of the Deposit Agreement. 

  
 A-3 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The Depositary may refuse to accept deposits of Shares for delivery of American Depositary
Shares or to register transfers of American Depositary Shares in particular instances, or may suspend deposits of Shares or registration of transfer generally, whenever it or the Company considers it necessary or advisable to do so. The Depositary
may refuse surrenders of American Depositary Shares for the purpose of withdrawal of Deposited Securities in particular instances, or may suspend surrenders for the purpose of withdrawal generally, but, notwithstanding anything to the contrary in
the Deposit Agreement, only for (i) temporary delays caused by closing of the Depositary’s register or the register of holders of Shares maintained by the Company or the Foreign Registrar, or the deposit of Shares, in connection with
voting at a shareholders’ meeting or the payment of dividends, (ii) the payment of fees, taxes and similar charges, (iii) compliance with any U.S. or foreign laws or governmental regulations relating to the American Depositary Shares
or to the withdrawal of the Deposited Securities or (iv) any other reason that, at the time, is permitted under paragraph I(A)(1) of the General Instructions to Form F-6 under the Securities Act of 1993 or any successor to that provision. 

The Depositary shall not knowingly accept for deposit under the Deposit Agreement any Shares that, at the time of deposit, are Restricted
Securities. 
  

	4.	 LIABILITY OF OWNER FOR TAXES. 

If any tax or other governmental charge shall become payable by the Custodian or the Depositary with respect to or in connection with any
American Depositary Shares or any Deposited Securities represented by any American Depositary Shares or in connection with a transaction to which Section 4.8 of the Deposit Agreement applies, that tax or other governmental charge shall be
payable by the Owner of those American Depositary Shares to the Depositary. The Depositary may refuse to register any transfer of those American Depositary Shares or any withdrawal of Deposited Securities represented by those American Depositary
Shares until that payment is made, and may withhold any dividends or other distributions or the proceeds thereof, or may sell for the account of the Owner any part or all of the Deposited Securities represented by those American Depositary Shares,
and may apply those dividends or other distributions or the net proceeds of any sale of that kind in payment of that tax or other governmental charge but, even after a sale of that kind, the Owner shall remain liable for any deficiency. The
Depositary shall distribute any net proceeds of a sale made under Section 3.2 of the Deposit Agreement that are not used to pay taxes or governmental charges to the Owners entitled to them in accordance with Section 4.1 of the Deposit
Agreement. If the number of Shares represented by each American Depositary Share decreases as a result of a sale of Deposited Securities under Section 3.2 of the Deposit Agreement, the Depositary may call for surrender of the American
Depositary Shares to be exchanged on a mandatory basis for a lesser number of American Depositary Shares and may sell American Depositary Shares to the extent necessary to avoid distributing fractions of American Depositary Shares in that exchange
and distribute the net proceeds of that sale to the Owners entitled to them. 

  
 A-4 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	5.	 WARRANTIES ON DEPOSIT OF SHARES. 

Every person depositing Shares under the Deposit Agreement shall be deemed thereby to represent and warrant that those Shares and each
certificate therefor, if applicable, are validly issued, fully paid and nonassessable and were not issued in violation of any preemptive or similar rights of the holders of outstanding securities of the Company and that the person making that
deposit is duly authorized so to do. Every depositing person shall also be deemed to represent that the Shares, at the time of deposit, are not Restricted Securities. All representations and warranties deemed made under Section 3.3 of the
Deposit Agreement shall survive the deposit of Shares and delivery of American Depositary Shares. 
  

	6.	 FILING PROOFS, CERTIFICATES, AND OTHER INFORMATION. 

Any person presenting Shares for deposit or any Owner or Holder may be required from time to time to file with the Depositary or the Custodian
such proof of citizenship or residence, exchange control approval, or such information relating to the registration on the books of the Company or the Foreign Registrar, if applicable, to execute such certificates and to make such representations
and warranties, as the Depositary may deem necessary or proper, or as the Company may reasonably require by written request to the Depositary. The Depositary may withhold the delivery or registration of transfer of any American Depositary Shares,
the distribution of any dividend or other distribution or of the proceeds thereof or the delivery of any Deposited Securities until that proof or other information is filed or those certificates are executed or those representations and warranties
are made. As conditions of accepting Shares for deposit, the Depositary may require (i) any certification required by the Depositary or the Custodian in accordance with the provisions of the Deposit Agreement, (ii) a written order
directing the Depositary to deliver to, or upon the written order of, the person or persons stated in that order, the number of American Depositary Shares representing those Deposited Shares, (iii) evidence satisfactory to the Depositary that
those Shares have been re-registered in the books of the Company or the Foreign Registrar in the name of the Depositary, a Custodian or a nominee of the Depositary or a Custodian, (iv) evidence satisfactory to the Depositary that any necessary
approval has been granted by any governmental body in each applicable jurisdiction and (v) an agreement or assignment, or other instrument satisfactory to the Depositary, that provides for the prompt transfer to the Custodian of any dividend,
or right to subscribe for additional Shares or to receive other property, that any person in whose name those Shares are or have been recorded may thereafter receive upon or in respect of those Shares, or, in lieu thereof, such agreement of
indemnity or other agreement as shall be satisfactory to the Depositary. The Depositary shall refuse, and shall instruct the Custodian to refuse, to accept Shares for deposit if the Depositary has received a notice from the Company that the Company
has restricted transfer of those Shares under the Company’s articles of association or any applicable laws or that the deposit would result in any violation of the Company’s articles of association or any applicable laws. The Depositary
shall provide the Company, upon the Company’s written request and at the Company’s expense, as promptly as practicable, with copies of any information or other materials which the Depositary receives pursuant to Section 3.4 of the
Deposit Agreement, to the extent that the requested disclosure is permitted under applicable law. 

  
 A-5 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	7.	 CHARGES OF DEPOSITARY. 

The following charges shall be incurred by any party depositing or withdrawing Shares or by any party surrendering American Depositary Shares
or to whom American Depositary Shares are issued (including, without limitation, issuance pursuant to a stock dividend or stock split declared by the Company or an exchange of stock regarding the American Depositary Shares or Deposited Securities or
a delivery of American Depositary Shares pursuant to Section 4.3 of the Deposit Agreement), or by Owners, as applicable: (1) taxes and other governmental charges, (2) such registration fees as may from time to time be in effect for
the registration of transfers of Shares generally on the Share register of the Company or Foreign Registrar and applicable to transfers of Shares to or from the name of the Depositary or its nominee or the Custodian or its nominee on the making of
deposits or withdrawals hereunder, (3) such cable (including SWIFT) and facsimile transmission fees and expenses as are expressly provided in the Deposit Agreement, (4) such expenses as are incurred by the Depositary in the conversion of
foreign currency pursuant to Section 4.5 of the Deposit Agreement, (5) a fee of $5.00 or less per 100 American Depositary Shares (or portion thereof) for the delivery of American Depositary Shares pursuant to Section 2.3, 4.3 or 4.4
of the Deposit Agreement and the surrender of American Depositary Shares pursuant to Section 2.5 or 6.2 of the Deposit Agreement, (6) a fee of $.05 or less per American Depositary Share (or portion thereof) for any cash distribution made
pursuant to the Deposit Agreement, including, but not limited to Sections 4.1 through 4.4 and 4.8 of the Deposit Agreement, (7) a fee for the distribution of securities pursuant to Section 4.2 of the Deposit Agreement or of rights pursuant
to Section 4.4 of that Agreement (where the Depositary will not exercise or sell those rights on behalf of Owners), such fee being in an amount equal to the fee for the execution and delivery of American Depositary Shares referred to above
which would have been charged as a result of the deposit of such securities under the Deposit Agreement (for purposes of this item 7 treating all such securities as if they were Shares) but which securities are instead distributed by the Depositary
to Owners, (8) in addition to any fee charged under item 6, a fee of $.05 or less per American Depositary Share (or portion thereof) per annum for depositary services, which will be payable as provided in item 9 below, and (9) any other
charges payable by the Depositary or the Custodian, any of the Depositary’s or Custodian’s agents or the agents of the Depositary’s or Custodian’s agents, in connection with the servicing of Shares or other Deposited Securities
(which charges shall be assessed against Owners as of the date or dates set by the Depositary in accordance with Section 4.6 of the Deposit Agreement and shall be payable at the sole discretion of the Depositary by billing those Owners for
those charges or by deducting those charges from one or more cash dividends or other cash distributions). 

  
 A-6 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The Depositary may collect any of its fees by deduction from any cash distribution payable,
or by selling a portion of any securities to be distributed, to Owners that are obligated to pay those fees. 
 The Depositary may own and
deal in any class of securities of the Company and its affiliates and in American Depositary Shares. 
 From time to time, the Depositary
may make payments to the Company to reimburse the Company for costs and expenses generally arising out of establishment and maintenance of the American Depositary Shares program, waive fees and expenses for services provided by the Depositary or
share revenue from the fees collected from Owners or Holders. In performing its duties under the Deposit Agreement, the Depositary may use brokers, dealers, foreign currency dealers or other service providers that are owned by or affiliated with the
Depositary and that may earn or share fees, spreads or commissions. 
  

	8.	 DISCLOSURE OF INTERESTS. 

When required in order to comply with applicable laws and regulations or the articles of association or similar document of the Company, the
Company may from time to time request each Owner and Holder to provide to the Depositary information relating to: (a) the capacity in which it holds American Depositary Shares, (b) the identity of any Holders or other persons or entities
then or previously interested in those American Depositary Shares and the nature of those interests and (c) any other matter where disclosure of such matter is required for that compliance. Each Owner and Holder agrees to provide all
information known to it in response to a request made pursuant to Section 3.4 of the Deposit Agreement. Each Holder consents to the disclosure by the Depositary and the Owner or other Holder through which it holds American Depositary Shares,
directly or indirectly, of all information responsive to a request made pursuant to that Section relating to that Holder that is known to that Owner or other Holder. 
  

	9.	 TITLE TO AMERICAN DEPOSITARY SHARES. 

It is a condition of the American Depositary Shares, and every successive Owner and Holder of American Depositary Shares, by accepting or
holding the same, consents and agrees that American Depositary Shares evidenced by a Receipt, when the Receipt is properly endorsed or accompanied by proper instruments of transfer, shall be transferable as certificated registered securities under
the laws of the State of New York, and that American Depositary Shares not evidenced by Receipts shall be transferable as uncertificated registered securities under the laws of the State of New York. The Depositary, notwithstanding any notice to the
contrary, may treat the Owner of American Depositary Shares as the absolute owner thereof for the purpose of determining the person entitled to distribution of dividends or other distributions or to any notice provided for in the Deposit Agreement
and for all other purposes, and neither the Depositary nor the Company shall have any obligation or be subject to any liability under the Deposit Agreement to any Holder of American Depositary Shares, but only to the Owner. 

  
 A-7 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	10.	 VALIDITY OF RECEIPT. 

This Receipt shall not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt
shall have been (i) executed by the Depositary by the manual signature of a duly authorized officer of the Depositary or (ii) executed by the facsimile signature of a duly authorized officer of the Depositary and countersigned by the
manual signature of a duly authorized signatory of the Depositary or the Registrar or a co-registrar. 
  

	11.	 REPORTS; INSPECTION OF TRANSFER BOOKS. 

The Company is subject to the periodic reporting requirements of the Securities Exchange Act of 1934 and, accordingly, files certain reports
with the Securities and Exchange Commission. Those reports will be available for inspection and copying through the Commission’s EDGAR system or at public reference facilities maintained by the Commission in Washington, D.C. 

The Depositary will make available for inspection by Owners at its Office any reports, notices and other communications, including any proxy
soliciting material, received from the Company which are both (a) received by the Depositary as the holder of the Deposited Securities and (b) made generally available to the holders of those Deposited Securities by the Company. The
Company shall furnish reports and communications, including any proxy soliciting material to which Section 4.9 of the Deposit Agreement applies, to the Depositary in English, to the extent such materials are required to be translated into
English pursuant to any regulations of the Commission. 
 The Depositary will maintain a register of American Depositary Shares and
transfers of American Depositary Shares, which shall be open for inspection by the Owners at the Depositary’s Office during regular business hours, but only for the purpose of communicating with Owners regarding the business of the Company or a
matter related to this Deposit Agreement or the American Depositary Shares. 

  
 A-8 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	12.	 DIVIDENDS AND DISTRIBUTIONS. 

Whenever the Depositary receives any cash dividend or other cash distribution on Deposited Securities, the Depositary will, if at the time of
receipt thereof any amounts received in a foreign currency can in the judgment of the Depositary be converted on a reasonable basis into Dollars transferable to the United States, and subject to the Deposit Agreement, convert that dividend or other
cash distribution into Dollars and distribute the amount thus received (net of the fees and expenses of the Depositary as provided in Article 7 hereof and Section 5.9 of the Deposit Agreement) to the Owners entitled thereto; provided,
however, that if the Custodian or the Depositary is required to withhold and does withhold from that cash dividend or other cash distribution an amount on account of taxes or other governmental charges, the amount distributed to the Owners of
the American Depositary Shares representing those Deposited Securities shall be reduced accordingly. 
 If a cash distribution would
represent a return of all or substantially all the value of the Deposited Securities underlying American Depositary Shares, the Depositary may: 

(i)    require payment of or deduct the fee for surrender of American Depositary Shares (whether or not it is also
requiring surrender of American Depositary Shares) as a condition of making that cash distribution; or 
 (ii)    sell
all Deposited Securities other than the subject cash distribution and add any net cash proceeds of that sale to the cash distribution, call for surrender of all those American Depositary Shares and require that surrender as a condition of making
that cash distribution. 
 If the Depositary acts under this paragraph, that action shall also be a Termination Option Event. 

Subject to the provisions of Section 4.11 and 5.9 of the Deposit Agreement, whenever the Depositary receives any distribution other than
a distribution described in Section 4.1, 4.3 or 4.4 of the Deposit Agreement on Deposited Securities (but not in exchange for or in conversion or in lieu of Deposited Securities), the Depositary will cause the securities or property received by
it to be distributed to the Owners entitled thereto, after deduction or upon payment of any fees and expenses of the Depositary and any taxes or other governmental charges, in any manner that the Depositary deems equitable and practicable for
accomplishing that distribution (which may be a distribution of depositary shares representing the securities received); provided, however, that if in the opinion of the Depositary such distribution cannot be made proportionately among
the Owners entitled thereto, or if for any other reason the Depositary deems such distribution not to be lawful and feasible, the Depositary may adopt such other method as it may deem equitable and practicable for the purpose of effecting such
distribution, including, but not limited to, the public or private sale of the securities or property thus received, or any part thereof, and distribution of the net proceeds of any such sale (net of the fees and expenses of the Depositary as
provided in Article 7 hereof and Section 5.9 of the Deposit Agreement) to the Owners entitled thereto all in the manner and subject to the conditions set forth in Section 4.1 of the Deposit Agreement. The Depositary may withhold any
distribution of securities under Section 4.2 of the Deposit Agreement if it has not received satisfactory assurances from the Company that the distribution does not require registration under the Securities Act of 1933. The Depositary may sell,
by public or private sale, an amount of securities or other property it would otherwise distribute under this Article that is sufficient to pay its fees and expenses in respect of that distribution. 

  
 A-9 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 If a distribution to be made under Section 4.2 of the Deposit Agreement would represent
a return of all or substantially all the value of the Deposited Securities underlying American Depositary Shares, the Depositary may: 

(i)    require payment of or deduct the fee for surrender of American Depositary Shares (whether or not it is also
requiring surrender of American Depositary Shares) as a condition of making that distribution; or 
 (ii)    sell all
Deposited Securities other than the subject distribution and add any net cash proceeds of that sale to the distribution, call for surrender of all those American Depositary Shares and require that surrender as a condition of making that
distribution. 
 If the Depositary acts under this paragraph, that action shall also be a Termination Option Event. 

Whenever the Depositary receives any distribution consisting of a dividend in, or free distribution of, Shares, the Depositary may, and if the
Company so requests in writing, shall deliver to the Owners entitled thereto, an aggregate number of American Depositary Shares representing the amount of Shares received as that dividend or free distribution, subject to the terms and conditions of
the Deposit Agreement with respect to the deposit of Shares and issuance of American Depositary Shares, including the withholding of any tax or other governmental charge as provided in Section 4.11 of the Deposit Agreement and the payment of
the fees and expenses of the Depositary as provided in Article 7 hereof and Section 5.9 of the Deposit Agreement (and the Depositary may sell, by public or private sale, an amount of Shares received (or American Depositary Shares representing
those Shares) sufficient to pay its fees and expenses in respect of that distribution). In lieu of delivering fractional American Depositary Shares, the Depositary may sell the amount of Shares represented by the aggregate of those fractions (or
American Depositary Shares representing those Shares) and distribute the net proceeds, all in the manner and subject to the conditions described in Section 4.1 of the Deposit Agreement. If and to the extent that additional American Depositary
Shares are not delivered and Shares or American Depositary Shares are not sold, each American Depositary Share shall thenceforth also represent the additional Shares distributed on the Deposited Securities represented thereby. 

If the Company declares a distribution in which holders of Deposited Securities have a right to elect whether to receive cash, Shares or other
securities or a combination of those things, or a right to elect to have a distribution sold on their behalf, the Depositary may, after consultation with the Company, make that right of election available for exercise by Owners in any manner the
Depositary considers to be lawful and practical. As a condition of making a distribution election right available to Owners, the Depositary may require satisfactory assurances from the Company that doing so does not require registration of any
securities under the Securities Act of 1933. 

  
 A-10 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 If the Depositary determines that any distribution received or to be made by the Depositary
(including Shares and rights to subscribe therefor) is subject to any tax or other governmental charge that the Depositary is obligated to withhold, the Depositary may sell, by public or private sale, all or a portion of the distributed property
(including Shares and rights to subscribe therefor) in the amounts and manner the Depositary deems necessary and practicable to pay those taxes or charges, and the Depositary shall distribute the net proceeds of that sale, after deduction of those
taxes or charges, to the Owners entitled thereto in proportion to the number of American Depositary Shares held by them respectively. 

Each Owner and Holder agrees to indemnify the Company, the Depositary, the Custodian and their respective directors, employees, agents and
affiliates for, and hold each of them harmless against, any claim by any governmental authority with respect to taxes, additions to tax, penalties or interest arising out of any refund of taxes, reduced withholding at source or other tax benefit
received by it. Services for Owners and Holders that may permit them to obtain reduced rates of tax withholding at source or reclaim excess tax withheld, and the fees and costs associated with using services of that kind, are not provided under, and
are outside the scope of, the Deposit Agreement. 
  

	13.	 RIGHTS. 

(a)    If rights are granted to the Depositary in respect of deposited Shares to purchase additional Shares or other
securities, the Company and the Depositary shall endeavor to consult as to the actions, if any, the Depositary should take in connection with that grant of rights. The Depositary may, to the extent deemed by it to be lawful and practical (i) if
requested in writing by the Company, grant to all or certain Owners rights to instruct the Depositary to purchase the securities to which the rights relate and deliver those securities or American Depositary Shares representing those securities to
Owners, (ii) if requested in writing by the Company, deliver the rights to or to the order of certain Owners, or (iii) sell the rights to the extent practicable and distribute the net proceeds of that sale to Owners entitled to those
proceeds. To the extent rights are not exercised, delivered or disposed of under (i), (ii) or (iii) above, the Depositary shall permit the rights to lapse unexercised. 

(b)    If the Depositary will act under (a)(i) above, the Company and the Depositary will enter into a separate agreement
setting forth the conditions and procedures applicable to the particular offering. Upon instruction from an applicable Owner in the form the Depositary specified and upon payment by that Owner to the Depositary of an amount equal to the purchase
price of the securities to be received upon the exercise of the rights, the Depositary shall, on behalf of that Owner, exercise the rights and purchase the securities. The purchased securities shall be delivered to, or as instructed by, the
Depositary. The Depositary shall (i) deposit the purchased Shares under the Deposit Agreement and deliver American Depositary Shares representing those Shares to that Owner or (ii) deliver or cause the purchased Shares or other securities
to be delivered to or to the order of that Owner. The Depositary will not act under (a)(i) above unless the offer and sale of the securities to which the rights relate are registered under the Securities Act of 1933 or the Depositary has received an
opinion of United States counsel that is satisfactory to it to the effect that those securities may be sold and delivered to the applicable Owners without registration under the Securities Act of 1933. 

  
 A-11 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (c)    If the Depositary will act under (a)(ii) above, the Company and
the Depositary will enter into a separate agreement setting forth the conditions and procedures applicable to the particular offering. Upon (i) the request of an applicable Owner to deliver the rights allocable to the American Depositary Shares
of that Owner to an account specified by that Owner to which the rights can be delivered and (ii) receipt of such documents as the Company and the Depositary agreed to require to comply with applicable law, the Depositary will deliver those
rights as requested by that Owner. 
 (d)    If the Depositary will act under (a)(iii) above, the Depositary will use
reasonable efforts to sell the rights in proportion to the number of American Depositary Shares held by the applicable Owners and pay the net proceeds to the Owners otherwise entitled to the rights that were sold, upon an averaged or other practical
basis without regard to any distinctions among such Owners because of exchange restrictions or the date of delivery of any American Depositary Shares or otherwise. 

(e)    Payment or deduction of the fees of the Depositary as provided in Section 5.9 of the Deposit Agreement and payment
or deduction of the expenses of the Depositary and any applicable taxes or other governmental charges shall be conditions of any delivery of securities or payment of cash proceeds under Section 4.4 of that Agreement. 

(f)    The Depositary shall not be responsible for any failure to determine that it may be lawful or feasible to make
rights available to or exercise rights on behalf of Owners in general or any Owner in particular, or to sell rights. 
  

	14.	 CONVERSION OF FOREIGN CURRENCY. 

Whenever the Depositary or the Custodian receives foreign currency, by way of dividends or other distributions or the net proceeds from the
sale of securities, property or rights, and if at the time of the receipt thereof the foreign currency so received can in the judgment of the Depositary be converted on a reasonable basis into Dollars and the resulting Dollars transferred to the
United States, the Depositary or one of its agents or affiliates or the Custodian shall convert or cause to be converted by sale or in any other manner that it may determine that foreign currency into Dollars, and those Dollars shall be distributed,
as promptly as practicable, to the Owners entitled thereto. A cash distribution may be made upon an averaged or other practicable basis without regard to any distinctions among Owners based on exchange restrictions, the date of delivery of any
American Depositary Shares or otherwise and shall be net of any expenses of conversion into Dollars incurred by the Depositary as provided in Section 5.9 of the Deposit Agreement. 

  
 A-12 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 If a conversion of foreign currency or the repatriation or distribution of Dollars can be
effected only with the approval or license of any government or agency thereof, the Depositary may, but will not be required to, file an application for that approval or license. 

If the Depositary determines that in its judgment any foreign currency received by the Depositary or the Custodian is not convertible on a
reasonable basis into Dollars transferable to the United States, or if any approval or license of any government or agency thereof that is required for such conversion is not filed or sought by the Depositary or is not obtained within a reasonable
period as determined by the Depositary, the Depositary may distribute the foreign currency received by the Depositary to, or in its discretion may hold such foreign currency uninvested and without liability for interest thereon for the respective
accounts of, the Owners entitled to receive the same. 
 If any conversion of foreign currency, in whole or in part, cannot be effected for
distribution to some of the Owners entitled thereto, the Depositary may in its discretion make that conversion and distribution in Dollars to the extent practicable and permissible to the Owners entitled thereto and may distribute the balance of the
foreign currency received by the Depositary to, or hold that balance uninvested and without liability for interest thereon for the account of, the Owners entitled thereto. 

The Depositary may convert currency itself or through any of its affiliates, or the Custodian or the Company may convert currency and pay
Dollars to the Depositary. Where the Depositary converts currency itself or through any of its affiliates, the Depositary acts as principal for its own account and not as agent, advisor, broker or fiduciary on behalf of any other person and earns
revenue, including, without limitation, transaction spreads, that it will retain for its own account. The revenue is based on, among other things, the difference between the exchange rate assigned to the currency conversion made under the Deposit
Agreement and the rate that the Depositary or its affiliate receives when buying or selling foreign currency for its own account. The Depositary makes no representation that the exchange rate used or obtained by it or its affiliate in any currency
conversion under the Deposit Agreement will be the most favorable rate that could be obtained at the time or that the method by which that rate will be determined will be the most favorable to Owners, subject to the Depositary’s obligations
under Section 5.3 of that Agreement. The methodology used to determine exchange rates used in currency conversions made by the Depositary is available upon request. Where the Custodian converts currency, the Custodian has no obligation to
obtain the most favorable rate that could be obtained at the time or to ensure that the method by which that rate will be determined will be the most favorable to Owners, and the Depositary makes no representation that the rate is the most favorable
rate and will not be liable for any direct or indirect losses associated with the rate. In certain instances, the Depositary may receive dividends or other distributions from the Company in Dollars that represent the proceeds of a conversion of
foreign currency or translation from foreign currency at a rate that was obtained or determined by or on behalf of the Company and, in such cases, the Depositary will not engage in, or be responsible for, any foreign currency transactions and
neither it nor the Company makes any representation that the rate obtained or determined by the Company is the most favorable rate and neither it nor the Company will be liable for any direct or indirect losses associated with the rate. 

  
 A-13 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	15.	 RECORD DATES. 

Whenever a cash dividend, cash distribution or any other distribution is made on Deposited Securities or rights to purchase Shares or other
securities are issued with respect to Deposited Securities (which rights will be delivered to or exercised or sold on behalf of Owners in accordance with Section 4.4 of the Deposit Agreement) or the Depositary receives notice that a
distribution or issuance of that kind will be made, or whenever the Depositary receives notice that a meeting of holders of Shares will be held in respect of which the Company has requested the Depositary to send a notice under Section 4.7 of
the Deposit Agreement, or whenever the Depositary will assess a fee or charge against the Owners, or whenever the Depositary causes a change in the number of Shares that are represented by each American Depositary Share, or whenever the Depositary
otherwise finds it necessary or convenient, the Depositary shall fix a record date, which shall be the same as, or as near as practicable to, any corresponding record date set by the Company with respect to Shares, (a) for the determination of
the Owners (i) who shall be entitled to receive the benefit of that dividend or other distribution or those rights, (ii) who shall be entitled to give instructions for the exercise of voting rights at that meeting, (iii) who shall be
responsible for that fee or charge or (iv) for any other purpose for which the record date was set, or (b) on or after which each American Depositary Share will represent the changed number of Shares. Subject to the provisions of Sections
4.1 through 4.5 of the Deposit Agreement and to the other terms and conditions of the Deposit Agreement, the Owners on a record date fixed by the Depositary shall be entitled to receive the amount distributable by the Depositary with respect to that
dividend or other distribution or those rights or the net proceeds of sale thereof in proportion to the number of American Depositary Shares held by them respectively, to give voting instructions or to act in respect of the other matter for which
that record date was fixed, or be responsible for that fee or charge, as the case may be. 
  

	16.	 VOTING OF DEPOSITED SHARES. 

(a)    Upon receipt of notice of any meeting of holders of Shares at which holders of Shares will be entitled to vote, if
requested in writing by the Company, the Depositary shall, as soon as practicable thereafter, Disseminate to the Owners a notice, the form of which shall be in the sole discretion of the Depositary, that shall contain (i) the information
contained in the notice of meeting received by the Depositary, (ii) a statement that the Owners as of the close of business on a specified record date will be entitled, subject to any applicable provision of Cayman Island law and of the
articles of association or similar documents of the Company, to instruct the Depositary as to the exercise of the voting rights pertaining to the amount of Shares represented by their respective American Depositary Shares, (iii) a statement as
to the manner in which those instructions may be given and (iv) the last date on which the Depositary will accept instructions (the “Instruction Cutoff Date”). 

  
 A-14 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (b)    Upon the written request of an Owner of American Depositary
Shares, as of the date of the request or, if a record date was specified by the Depositary, as of that record date, received on or before any Instruction Cutoff Date established by the Depositary, the Depositary may, and if the Depositary sent a
notice under the preceding paragraph shall, endeavor, in so far as practicable, to vote or cause to be voted the amount of deposited Shares represented by those American Depositary Shares in accordance with the instructions set forth in that
request. The Depositary shall not vote or attempt to exercise the right to vote that attaches to the deposited Shares other than in accordance with instructions given by Owners and received by the Depositary. 

(c)    There can be no assurance that Owners generally or any Owner in particular will receive the notice described in
paragraph (a) above in time to enable Owners to give instructions to the Depositary prior to the Instruction Cutoff Date. 

(d)    In order to give Owners a reasonable opportunity to instruct the Depositary as to the exercise of voting rights
relating to Shares, if the Company will request the Depositary to Disseminate a notice under paragraph (a) above, the Company shall give the Depositary notice of the meeting, details concerning the matters to be voted upon and copies of
materials to be made available to holders of Shares in connection with the meeting not less than 30 days prior to the meeting date. 
  

	17.	 TENDER AND EXCHANGE OFFERS; REDEMPTION, REPLACEMENT OR CANCELLATION OF DEPOSITED SECURITIES.

 (a)    The Depositary shall not tender any Deposited Securities in response to any voluntary cash
tender offer, exchange offer or similar offer made to holders of Deposited Securities (a “Voluntary Offer”), except when instructed in writing to do so by an Owner surrendering American Depositary Shares and subject to any
conditions or procedures the Depositary may require. 

  
 A-15 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (b)    If the Depositary receives a written notice that Deposited
Securities have been redeemed for cash or otherwise purchased for cash in a transaction that is mandatory and binding on the Depositary as a holder of those Deposited Securities (a “Redemption”), the Depositary, at the expense of
the Company, shall (i) if required, surrender Deposited Securities that have been redeemed to the issuer of those securities or its agent on the redemption date, (ii) Disseminate a notice to Owners (A) notifying them of that
Redemption, (B) calling for surrender of a corresponding number of American Depositary Shares and (C) notifying them that the called American Depositary Shares have been converted into a right only to receive the money received by the
Depositary upon that Redemption and those net proceeds shall be the Deposited Securities to which Owners of those converted American Depositary Shares shall be entitled upon surrenders of those American Depositary Shares in accordance with
Section 2.5 or 6.2 of the Deposit Agreement and (iii) distribute the money received upon that Redemption to the Owners entitled to it upon surrender by them of called American Depositary Shares in accordance with Section 2.5 of that
Agreement (and, for the avoidance of doubt, Owners shall not be entitled to receive that money under Section 4.1 of that Agreement). If the Redemption affects less than all the Deposited Securities, the Depositary shall call for surrender a
corresponding portion of the outstanding American Depositary Shares and only those American Depositary Shares will automatically be converted into a right to receive the net proceeds of the Redemption. The Depositary shall allocate the American
Depositary Shares converted under the preceding sentence among the Owners pro-rata to their respective holdings of American Depositary Shares immediately prior to the Redemption, except that the allocations may be adjusted so that no fraction
of a converted American Depositary Share is allocated to any Owner. A Redemption of all or substantially all of the Deposited Securities shall be a Termination Option Event. 

(c)    If the Depositary is notified of or there occurs any change in nominal value or any subdivision, combination or any
other reclassification of the Deposited Securities or any recapitalization, reorganization, sale of assets substantially as an entirety, merger or consolidation affecting the issuer of the Deposited Securities or to which it is a party that is
mandatory and binding on the Depositary as a holder of Deposited Securities and, as a result, securities or other property have been or will be delivered in exchange, conversion, replacement or in lieu of, Deposited Securities (a
“Replacement”), the Depositary shall, if required, surrender the old Deposited Securities affected by that Replacement of Shares and hold, as new Deposited Securities under the Deposit Agreement, the new securities or other property
delivered to it in that Replacement. However, the Depositary may elect to sell those new Deposited Securities if in the opinion of the Depositary it is not lawful or not practical for it to hold those new Deposited Securities under the
Deposit Agreement because those new Deposited Securities may not be distributed to Owners without registration under the Securities Act of 1933 or for any other reason, at public or private sale, at such places and on such terms as it deems proper
and proceed as if those new Deposited Securities had been Redeemed under paragraph (b) above. A Replacement shall be a Termination Option Event. 

(d)    In the case of a Replacement where the new Deposited Securities will continue to be held under the Deposit
Agreement, the Depositary may call for the surrender of outstanding Receipts to be exchanged for new Receipts specifically describing the new Deposited Securities and the number of those new Deposited Securities represented by each American
Depositary Share. If the number of Shares represented by each American Depositary Share decreases as a result of a Replacement, the Depositary may call for surrender of the American Depositary Shares to be exchanged on a mandatory basis for a lesser
number of American Depositary Shares and may sell American Depositary Shares to the extent necessary to avoid distributing fractions of American Depositary Shares in that exchange and distribute the net proceeds of that sale to the Owners entitled
to them. 

  
 A-16 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (e)    If there are no Deposited Securities with respect to American
Depositary Shares, including if the Deposited Securities are cancelled, or the Deposited Securities with respect to American Depositary Shares become apparently worthless, the Depositary may call for surrender of those American Depositary Shares or
may cancel those American Depositary Shares, upon notice to Owners, and that condition shall be a Termination Option Event. 
  

	18.	 LIABILITY OF THE COMPANY AND DEPOSITARY. 

Neither the Depositary nor the Company nor any of their respective directors, employees, agents or affiliates shall incur any liability to any
Owner or Holder: 
 (i) if by reason of (A) any provision of any present or future law or regulation or other act of the
government of the United States, any State of the United States or any other state or jurisdiction, or of any governmental or regulatory authority or stock exchange; (B) (in the case of the Depositary only) any provision, present or future, of
the articles of association or similar document of the Company, or by reason of any provision of any securities issued or distributed by the Company, or any offering or distribution thereof; or (C) any event or circumstance, whether natural or
caused by a person or persons, that is beyond the ability of the Depositary or the Company, as the case may be, to prevent or counteract by reasonable care or effort (including, but not limited to earthquakes, floods, severe storms, fires,
explosions, war, terrorism, civil unrest, labor disputes or criminal acts; interruptions or malfunctions of utility services, Internet or other communications lines or systems; unauthorized access to or attacks on computer systems or websites; or
other failures or malfunctions of computer hardware or software or other systems or equipment), the Depositary or the Company is, directly or indirectly, prevented from, forbidden to or delayed in, or could be subject to any civil or criminal
penalty on account of doing or performing and therefore does not do or perform, any act or thing that, by the terms of the Deposit Agreement or the Deposited Securities, it is provided shall be done or performed; 

(ii) for any exercise of, or failure to exercise, any discretion provided for in the Deposit Agreement (including any determination by
the Depositary or the Company to take, or not take, any action that the Deposit Agreement provides the Depositary or the Company, as the case may be, may take); 

(iii) for the inability of any Owner or Holder to benefit from any distribution, offering, right or other benefit that is made available
to holders of Deposited Securities but is not, under the terms of the Deposit Agreement, made available to Owners or Holders; or 

(iv) for any special, consequential or punitive damages for any breach of the terms of the Deposit Agreement. 

  
 A-17 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 Where, by the terms of a distribution to which Section 4.1, 4.2 or 4.3 of the Deposit
Agreement applies, or an offering to which Section 4.4 of that Agreement applies, or for any other reason, that distribution or offering may not be made available to Owners, and the Depositary may not dispose of that distribution or offering on
behalf of Owners and make the net proceeds available to Owners, then the Depositary shall not make that distribution or offering available to Owners, and shall allow any rights, if applicable, to lapse. 

Neither the Company nor the Depositary assumes any obligation or shall be subject to any liability under the Deposit Agreement to Owners or
Holders, except that they agree to perform their obligations specifically set forth in the Deposit Agreement without negligence or bad faith. The Depositary shall not be a fiduciary or have any fiduciary duty to Owners or Holders. The Depositary
shall not be subject to any liability with respect to the validity or worth of the Deposited Securities. Neither the Depositary nor the Company shall be under any obligation to appear in, prosecute or defend any action, suit, or other proceeding in
respect of any Deposited Securities or in respect of the American Depositary Shares, on behalf of any Owner or Holder or other person. Neither the Depositary nor the Company shall be liable for any action or non-action by it in reliance upon the
advice of or information from legal counsel, accountants, any person presenting Shares for deposit, any Owner or Holder, or any other person believed by it in good faith to be competent to give such advice or information. Each of the Depositary and
the Company may rely, and shall be protected in relying upon, any written notice, request, direction or other document believed by it to be genuine and to have been signed or presented by the proper party or parties. The Depositary shall not be
liable for any acts or omissions made by a successor depositary whether in connection with a previous act or omission of the Depositary or in connection with a matter arising wholly after the removal or resignation of the Depositary, provided that
in connection with the issue out of which such potential liability arises, the Depositary performed its obligations without negligence or bad faith while it acted as Depositary. The Depositary shall not be liable for the acts or omissions of any
securities depository, clearing agency or settlement system in connection with or arising out of book-entry settlement of American Depositary Shares or Deposited Securities or otherwise. In the absence of bad faith on its part, the Depositary shall
not be responsible for any failure to carry out any instructions to vote any of the Deposited Securities or for the manner in which any such vote is cast or the effect of any such vote. The Depositary shall have no duty to make any determination or
provide any information as to the tax status of the Company. Neither the Depositary nor the Company shall have any liability for any tax consequences that may be incurred by Owners or Holders as a result of owning or holding American Depositary
Shares. Neither the Depositary nor the Company shall be liable for the inability or failure of an Owner or Holder to obtain the benefit of a foreign tax credit, reduced rate of withholding or refund of amounts withheld in respect of tax or any other
tax benefit. No disclaimer of liability under the United States federal securities laws is intended by any provision of the Deposit Agreement. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	19.	 RESIGNATION AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN. 

The Depositary may at any time resign as Depositary under the Deposit Agreement by written notice of its election so to do delivered to the
Company, to become effective upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may at any time be removed by the Company by 90 days’ prior written notice
of that removal, to become effective upon the later of (i) the 90th day after delivery of the notice to the Depositary and (ii) the appointment of a successor depositary and its acceptance of its appointment as provided in the Deposit
Agreement. The Depositary in its discretion may at any time appoint a substitute or additional custodian or custodians. 
  

	20.	 AMENDMENT. 

The form of the Receipts and any provisions of the Deposit Agreement may at any time and from time to time be amended by agreement between the
Company and the Depositary without the consent of Owners or Holders in any respect which they may deem necessary or desirable. Any amendment that would impose or increase any fees or charges (other than taxes and other governmental charges,
registration fees, cable (including SWIFT) or facsimile transmission costs, delivery costs or other such expenses), or that would otherwise prejudice any substantial existing right of Owners, shall, however, not become effective as to outstanding
American Depositary Shares until the expiration of 30 days after notice of that amendment has been Disseminated to the Owners of outstanding American Depositary Shares. Every Owner and Holder, at the time any amendment so becomes effective, shall be
deemed, by continuing to hold American Depositary Shares or any interest therein, to consent and agree to that amendment and to be bound by the Deposit Agreement as amended thereby. Upon the effectiveness of an amendment to the form of Receipt,
including a change in the number of Shares represented by each American Depositary Share, the Depositary may call for surrender of Receipts to be replaced with new Receipts in the amended form or call for surrender of American Depositary Shares to
effect that change of ratio. In no event shall any amendment impair the right of the Owner to surrender American Depositary Shares and receive delivery of the Deposited Securities represented thereby, except in order to comply with mandatory
provisions of applicable law. 
  

	21.	 TERMINATION OF DEPOSIT AGREEMENT. 

(a)    The Company may initiate termination of the Deposit Agreement by notice to the Depositary. The Depositary may
initiate termination of the Deposit Agreement if (i) at any time 60 days shall have expired after the Depositary delivered to the Company a written resignation notice and a successor depositary has not been appointed and accepted its
appointment as provided in Section 5.4 of that Agreement or (ii) a Termination Option Event has occurred. If termination of the Deposit Agreement is initiated, the Depositary shall Disseminate a notice of termination to the Owners of all
American Depositary Shares then outstanding setting a date for termination (the “Termination Date”), which shall be at least 90 days after the date of that notice, and the Deposit Agreement shall terminate on that Termination Date.

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 (b)    After the Termination Date, if any American Depositary Shares
shall remain outstanding, the Company shall be discharged from all obligations under the Deposit Agreement except for its obligations to the Depositary under Sections 5.8 and 5.9 of that Agreement. 

(c)    At any time after the Termination Date, the Depositary may sell the Deposited Securities then held under the
Deposit Agreement and may thereafter hold uninvested the net proceeds of any such sale, together with any other cash then held by it hereunder, unsegregated and without liability for interest, for the pro rata benefit of the Owners of American
Depositary Shares that remain outstanding, and those Owners will be general creditors of the Depositary with respect to those net proceeds and that other cash. After making that sale, the Depositary shall be discharged from all obligations under the
Deposit Agreement, except (i) to account for the net proceeds and other cash (after deducting, in each case, the fee of the Depositary for the surrender of American Depositary Shares, any expenses for the account of the Owner of such American
Depositary Shares in accordance with the terms and conditions of the Deposit Agreement and any applicable taxes or governmental charges) and (ii) for its obligations under Section 5.8 of that Agreement and (iii) to act as provided in
paragraph (d) below. 
 (d)    After the Termination Date, the Depositary shall continue to receive dividends and
other distributions pertaining to Deposited Securities (that have not been sold), may sell rights and other property as provided in the Deposit Agreement and shall deliver Deposited Securities (or sale proceeds) upon surrender of American Depositary
Shares (after payment or upon deduction, in each case, of the fee of the Depositary for the surrender of American Depositary Shares, any expenses for the account of the Owner of those American Depositary Shares in accordance with the terms and
conditions of the Deposit Agreement and any applicable taxes or governmental charges). After the Termination Date, the Depositary shall not accept deposits of Shares or deliver American Depositary Shares. After the Termination Date, (i) the
Depositary may refuse to accept surrenders of American Depositary Shares for the purpose of withdrawal of Deposited Securities (that have not been sold) or reverse previously accepted surrenders of that kind that have not settled if in its judgment
the requested withdrawal would interfere with its efforts to sell the Deposited Securities, (ii) the Depositary will not be required to deliver cash proceeds of the sale of Deposited Securities until all Deposited Securities have been sold and
(iii) the Depositary may discontinue the registration of transfers of American Depositary Shares and suspend the distribution of dividends and other distributions on Deposited Securities to the Owners and need not give any further notices or
perform any further acts under the Deposit Agreement except as provided in Section 6.2 of that Agreement. 

  
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 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

	22.	 DTC DIRECT REGISTRATION SYSTEM AND PROFILE MODIFICATION SYSTEM. 

(a)    Notwithstanding the provisions of Section 2.4 of the Deposit Agreement, the parties acknowledge that DTC’s
Direct Registration System (“DRS”) and Profile Modification System (“Profile”) apply to the American Depositary Shares upon acceptance thereof to DRS by DTC. DRS is the system administered by DTC that facilitates
interchange between registered holding of uncertificated securities and holding of security entitlements in those securities through DTC and a DTC participant. Profile is a required feature of DRS that allows a DTC participant, claiming to act on
behalf of an Owner of American Depositary Shares, to direct the Depositary to register a transfer of those American Depositary Shares to DTC or its nominee and to deliver those American Depositary Shares to the DTC account of that DTC participant
without receipt by the Depositary of prior authorization from the Owner to register that transfer. 
 (b)    In
connection with DRS/Profile, the parties acknowledge that the Depositary will not determine whether the DTC participant that is claiming to be acting on behalf of an Owner in requesting registration of transfer and delivery as described in paragraph
(a) above has the actual authority to act on behalf of that Owner (notwithstanding any requirements under the Uniform Commercial Code). For the avoidance of doubt, the provisions of Sections 5.3 and 5.8 of the Deposit Agreement apply to the
matters arising from the use of the DRS/Profile. The parties agree that the Depositary’s reliance on and compliance with instructions received by the Depositary through the DRS/Profile system and otherwise in accordance with the Deposit
Agreement, shall not constitute negligence or bad faith on the part of the Depositary. 
  

	23.	 ARBITRATION; SETTLEMENT OF DISPUTES. 

Any controversy, claim or cause of action brought by any party hereto against the Company arising out of or relating to the Shares or other
Deposited Securities, the American Depositary Shares, the Receipts or the Deposit Agreement, or the breach hereof or thereof, if so elected by the claimant, shall be settled by arbitration in accordance with the International Arbitration Rules of
the American Arbitration Association, and judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. 

The place of the arbitration shall be The City of New York, State of New York, United States of America, and the language of the arbitration
shall be English. 
 The number of arbitrators shall be three, each of whom shall be disinterested in the dispute or controversy, shall have
no connection with any party thereto, and shall be an attorney experienced in international securities transactions. Each party shall appoint one arbitrator and the two arbitrators shall select a third arbitrator who shall serve as chairperson of
the tribunal. If a dispute, controversy or cause of action shall involve more than two parties, the parties shall attempt to align themselves in two sides (i.e., claimant(s) and respondent(s)), each of which shall appoint one arbitrator as if there
were only two parties to such dispute, controversy or cause of action. If such alignment and appointment shall not have occurred within thirty (30) calendar days after the initiating party serves the arbitration demand, the American Arbitration
Association shall appoint the three arbitrators, each of whom shall have the qualifications described above. The parties and the American Arbitration Association may appoint from among the nationals of any country, whether or not a party is a
national of that country. 

  
 A-21 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 The arbitral tribunal shall have no authority to award any consequential, special or punitive
damages or other damages not measured by the prevailing party’s actual damages and may not, in any event, make any ruling, finding or award that does not conform to the terms and conditions of the Deposit Agreement. 

 

	24.	 APPOINTMENT OF AGENT FOR SERVICE OF PROCESS; SUBMISSION TO JURISDICTION; JURY TRIAL WAIVER; WAIVER OF
IMMUNITIES. 

 The Company has (i) appointed Cogency Global Inc. located at 122 E 42nd Street, 18th Floor, New York,
New York 10168, as the Company’s authorized agent in the United States upon which process may be served in any suit or proceeding (including any arbitration proceeding) arising out of or relating to the Shares or Deposited Securities, the
American Depositary Shares, the Receipts or this Agreement, (ii) consented and submitted to the jurisdiction of any state or federal court in the State of New York in which any such suit or proceeding may be instituted, and (iii) agreed
that service of process upon said authorized agent shall be deemed in every respect effective service of process upon the Company in any such suit or proceeding. 

EACH PARTY TO THE DEPOSIT AGREEMENT (INCLUDING, FOR AVOIDANCE OF DOUBT, EACH OWNER AND HOLDER) THEREBY IRREVOCABLY WAIVES, TO THE FULLEST
EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING AGAINST THE COMPANY AND/OR THE DEPOSITARY DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THE SHARES OR OTHER DEPOSITED SECURITIES,
THE AMERICAN DEPOSITARY SHARES OR THE RECEIPTS, THE DEPOSIT AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREIN OR THEREIN, OR THE BREACH HEREOF OR THEREOF, INCLUDING, WITHOUT LIMITATION, ANY QUESTION REGARDING EXISTENCE, VALIDITY OR TERMINATION
(WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). 

  
 A-22 

  

 Confidential Treatment Requested by Kingsoft Cloud Holdings Limited 

Pursuant to 17 C.F.R. Section 200.83 
  

 To the extent that the Company or any of its properties, assets or revenues may have or
hereafter become entitled to, or have attributed to it, any right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding, from the giving of any relief in any respect thereof, from setoff or counterclaim,
from the jurisdiction of any court, from service of process, from attachment upon or prior to judgment, from attachment in aid of execution or judgment, or other legal process or proceeding for the giving of any relief or for the enforcement of any
judgment, in any jurisdiction in which proceedings may at any time be commenced, with respect to its obligations, liabilities or any other matter under or arising out of or in connection with the Shares or Deposited Securities, the American
Depositary Shares, the Receipts or the Deposit Agreement, the Company, to the fullest extent permitted by law, hereby irrevocably and unconditionally waives, and agrees not to plead or claim, any such immunity and consents to such relief and
enforcement. 

  
 A-23

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