Document:

EX-10.8

 Exhibit 10.8 

20 June 2014 
 Natural
Person as Shown in Appendix I (A) 
 Corporate Entity as Shown in Appendix I (B) 

Beijing Kingsoft Cloud Technology Co., Ltd.(北京金山云科技有限公司) 

and 
 Zhuhai Kingsoft Cloud
Technology Co., Ltd.(珠海金山云科技有限公司) 
  

 
 Regarding 

Equity Pledge Agreement 

of 
 Zhuhai Kingsoft Cloud
Technology Co., Ltd. 
  
  

 

 Equity Pledge Agreement 

This Equity Pledge Agreement (“this Agreement”) was entered into by and among the following parties in the People’s Republic of China
(“PRC”) on 20 June 2014: 
  

	(1)	 The specific information (including domicile and ID card number) about the natural person shareholder, i.e. the
natural person as shown in Appendix I (A) hereto (hereinafter referred to as the “Natural Person Shareholder”), is set out in Appendix I (A) “List of Natural Person Shareholder and Specific Information
Thereof”. 

  

	(2)	 The specific information (including legal representative and registered address) about the corporate
shareholder, i.e. the corporate entity as shown in Appendix I (B) hereto (hereinafter referred to as the “Corporate Shareholder”, and referred to as the “Pledgors” together with the Natural
Person Shareholder), is set out in Appendix I (B) “List of Corporate Shareholder and Specific Information Thereof”. 

  

	(3)	 Beijing Kingsoft Cloud Technology Co., Ltd. (hereinafter referred to as the “Pledgee”)

 Registered address: Room 5F02, 5/F, No. 33, Xiaoying West Road, Haidian District, Beijing 

Legal representative: Hongjiang Zhang 
  

	(4)	 Zhuhai Kingsoft Cloud Technology Co., Ltd. (hereinafter referred to as the “Company”)

 Registered address: Room 2, District B, 10/F, No. 8, Lianhua Alley, Jingshan Road, Jida, Zhuhai 

Legal representative: Hongjiang Zhang 
 (In the
following text, any single party is referred to as “one party” and all parties are jointly referred to as “the parties”.) Whereas: 
  

	(1)	 The Pledgors are registered shareholders of the Company and jointly hold 100% of the equity in the Company, and
their respective shareholding percentages in the Company and capital contributions are set out in Appendix I (A) and Appendix I (B) hereto; 

  

	(2)	 The Company holds 100% of the equity in Beijing Kingsoft Cloud Network Technology Co., Ltd. (hereinafter
referred to as “Kingsoft Cloud Network”); 

  

	(3)	 Pursuant to a Loan Agreement (hereinafter referred to as the “Loan Agreement-1”) entered into by and among the Pledgee and Natural Person Shareholders Jin Wang and Weiqin Qiu on 9 November 2012, the Pledgee has severally provided Natural Person Shareholders Weiqin Qiu
and Jin Wang with a loan amounting to RMB99,000 and RMB1,000. Pursuant to the Liability Assumption Agreement executed by and among the Pledgee and Natural Person Shareholders Jin Wang and Weiqin Qiu on 20 June 2014, Natural Person
Shareholder Weiqin Qiu has assumed the liability involving a loan of RMB1,000 under the Loan Agreement-1 for Natural Person Shareholder Jin Wang; therefore, the Pledgee has provided the Natural Person
Shareholder Weiqin Qiu with a loan amounting to RMB100,000; 

	(4)	 Pursuant to a Loan Agreement (hereinafter referred to as the “Loan Agreement-2”, and referred to as the “Loan Agreements” together with the Loan Agreement-1) entered into by and between the Pledgee and Weiqin Qiu on
20 June 2014, the Pledgee has provided Weiqin Qiu with a loan amounting to RMB179,180 (in English: RMB one hundred and seventy-nine thousand one hundred and eighty) under the Loan Agreement-2;

  

	(5)	 Pursuant to an Exclusive Equity Transfer Option Agreement of Zhuhai Kingsoft Cloud Technology Co., Ltd.
(hereinafter referred to as the “Purchase Option Agreement”) entered into by and among the Pledgee, the Pledgors and the Company on 20 June 2014, the Pledgors shall, to the extent permitted by the PRC laws, assign their equity
in the Company in whole or in part to the Pledgee and/or any other entity or individual designated thereby, at the request of the Pledgee; 

  

	(6)	 Pursuant to a Shareholder Voting Right Trust Agreement of Zhuhai Kingsoft Cloud Technology Co., Ltd.
(hereinafter referred to as the “Voting Right Trust Agreement”) entered into by and among the Pledgee, the Pledgors and the Company on 20 June 2014, the Pledgors have irrevocably entrusted the person then designated by the
Pledgee to exercise on their behalf all of their shareholders’ voting rights in the Company; 

  

	(7)	 Pursuant to an Exclusive Consultation and Technical Service Agreement (hereinafter referred to as the
“Services Agreement”) entered into by and between the Pledgee and Kingsoft Cloud Network on 9 November 2012, Kingsoft Cloud Network exclusively engages the Pledgee to provide it with relevant consultation and technical services
and agrees to pay the Pledgee the fees corresponding to such services; 

  

	(8)	 As security for performance of the Contract Obligations (as defined below) and discharge of the Secured Debts
(as defined below) by the Pledgors, the Company and Kingsoft Cloud Network, the Pledgors agree to pledge all of their equity in the Company to the Pledgee and grant the Pledgee the right to repayment in first priority, and the Company agrees to such
equity pledge arrangement; 

 Therefore, the parties arrive at the following agreement upon negotiation: 

Article 1 Definitions 
  

	1.1	 Unless the context otherwise requires, the following terms in this Agreement shall have the following meanings:

  

			
	 “Contract Obligations”:
	  	All contract obligations of the Pledgors, the Company and Kingsoft Cloud Network under the Transaction Agreements and under this Agreement.
		
	 “Secured Debts”:
	  	All direct, indirect and consequential losses and losses of foreseeable profits suffered by the Pledgee due to any Breaching Event (as defined below) of the Pledgors, the Company or Kingsoft Cloud Network, and all fees incurred to
the Pledgee for enforcement of the Contract Obligations of the Pledgors or the Company.
		
	 “Transaction Agreements”:
	  	The Loan Agreements, Purchase Option Agreement, Voting Right Trust Agreement and Services Agreement.
		
	 “Breaching

Event”:
	  	Breach of any Contract Obligations of the Pledgors, the Company or Kingsoft Network under the Transaction Agreements and/or this Agreement.
		
	 “Pledged Equity”:
	  	100% of the equity in the Company which is legally owned by the Pledgors when this Agreement takes effect and is to be pledged to the Pledgee pursuant to this Agreement as security for the performance of Contract Obligations and
discharge of the Secured Debts by them, Kingsoft Cloud Network and the Company, and the increased amount of contribution described in Article 2.6 of this Agreement.
		
	 “PRC laws”:
	  	The then valid laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory documents of the PRC (for the purpose of this Agreement, excluding Hong Kong, Macao and
Taiwan).

  

	1.2	 The references to any PRC law herein shall be deemed: (1) to include references to the amendments,
changes, supplements and reenactments of such law, irrespective of whether they take effect before or after the formation of this Agreement; and (2) to include references to other decisions, notices or regulations enacted in accordance
therewith or effective as a result thereof. 

  

	1.3	 Unless otherwise stated in the context herein, all references to an article, clause, item or paragraph shall
refer to the relevant article, clause, item or paragraph of this Agreement. 

 Article 2 Equity Pledge 

 

	2.1	 The Pledgors hereby agree to pledge the Pledged Equity that they legally own and have the right of disposal to
the Pledgee in accordance with the provisions of this Agreement as security for discharge of the Secured Debts. The Company hereby agrees that the Pledgors pledge the Pledged Equity to the Pledgee in accordance with the provisions of this Agreement.

  

	2.2	 The Pledgors undertake that they will record the equity pledge arrangement (“Equity Pledge”)
under this Agreement in the shareholders’ register of the Company on the date of signing of this Agreement and will responsively register with the Company’s industrial and commercial registration authority. The Company undertakes that it
will make the greatest efforts to help the Pledgors complete the industrial and commercial registration specified in this article. 

  

	2.3	 During the validity period of this Agreement, the Pledgee does not bear any liability for any depreciation of
the Pledged Equity unless the depreciation is caused by the Pledgee’s intentional serious negligence or serious negligence directly associated with relevant consequences, and the Pledgors shall have no right to make any claim against the
Pledgee in any form or raise any requirement. 

  

	2.4	 Subject to the aforesaid Article 2.3, where any potential obvious depreciation of the Pledged Equity is
sufficient to endanger the Pledgee’s rights, the Pledgee may at any time auction or sell the Pledged Equity on behalf of the Pledgors, and may, upon agreement with the Pledgors, prepay the Secured Debts with the monies from auction or sale of
the Pledged Equity or deposit the said monies in the notary organ at the location of the Pledgee (with all expenses arising therefrom borne by the Pledgee). 

  

	2.5	 In the event of any Breaching Event of the Company or the Pledgors, the Pledgee shall have the right to dispose
of the Pledged Equity in the manner set forth in Article 4 hereof. 

  

	2.6	 The Pledgors may increase investment in the Company with the written prior consent of the Pledgee. The
increased amount of contribution to the Company from the Pledgors’ increased investment in the Company shall also belong to the Pledged Equity. 

  

	2.7	 The Pledgors undertake to waive the right to the dividends on the Pledged Equity during the validity period of
the Equity Pledge. 

  

	2.8	 The Pledgee shall have the right to dispose of any Pledged Equity of the Pledgors according to this Agreement
after occurrence of the Breaching Event of Kingsoft Cloud Network, the Company or the Pledgors. 

 Article 3 Termination of the Pledge 

After the Pledgors, the Company and Kingsoft Cloud Network fully and completely fulfil all their Contract Obligations, the Pledgee shall terminate the Equity
Pledge as required by the Pledgors, help the Pledgors with deregistration of the Equity Pledge in the Company’s shareholders’ register and that with the Company’s industrial and commercial registration authority, and bear the
reasonable costs arising from termination of the Equity Pledge. 
 Article 4 Disposal of the Pledged Equity 

 

	4.1	 The Pledgors, the Company and the Pledgee hereby agree that in the event of any Breaching Event, the Pledgee
shall, after issuing a written notice to the Pledgors, have the right to exercise all the rights and powers to the remedies for breach of this Agreement which it is entitled to according to PRC laws, the Transaction Agreements and terms under this
Agreement, including (but not limited to) priority of compensation from auction or sale of the Pledged Equity. The Pledgee will not bear any liability for any losses arising from its reasonable exercise of such rights and powers.

  

	4.2	 The Pledgee shall have the right to designate in writing its lawyers or other agents to exercise any and all of
its aforesaid rights and powers, to which the Pledgors or the Company shall have no objection. 

  

	4.3	 The Pledgee shall have the right to deduct the reasonable costs actually incurred when the Pledgee exercises
any or all of the above rights and powers from the monies from the exercise of its rights and powers. 

  

	4.4	 The monies which the Pledgee acquires from the exercise of its rights and powers shall be used in the following
order: 

  

	 	1)	 to pay all costs incurred for disposal of the Pledged Equity and the exercise of rights and powers by the
Pledgee (including remuneration paid to its lawyers and agents); 

  

	 	2)	 to pay taxes payable for disposal of the Pledged Equity; and 

 

	 	3)	 to repay the Secured Debts to the Pledgee; 

The Pledgee shall return the balance (if any) after deduction of the above payments to the Pledgors or others entitled thereto according to
relevant laws and regulations, or deposit the balance in the notary organ at the location of the Pledgee (with all expenses arising therefrom borne by the Pledgee). 
  

	4.5	 The Pledgee shall have the right to choose to simultaneously or successively exercise any remedies for breach
of this Agreement, and need not exercise other remedies for breach of this Agreement before exercising the right to auction or sell the Pledged Equity under this Agreement. 

 Article 5 Costs and Expenses 

 

	5.1	 All the actual expenses related to the setting of the Equity Pledge under this Agreement, including (but not
limited to) stamp duty, any other taxes and all legal fees, shall be borne by the Pledgee. 

 Article 6 Continuity and
No Waiver 
  

	6.1	 The Equity Pledge set under this Agreement shall be a continuous guarantee and shall be valid until the full
performance of the Contract Obligations or the full repayment of the Secured Debts. Neither exemption or grace period granted by the Pledgee to the Pledgors in respect of any breach, nor delay by the Pledgee in exercising any of its rights under the
Transaction Agreements and this Agreement, shall affect the right of the Pledgee under this Agreement, relevant PRC laws and the Transaction Agreements to require at any time thereafter the Pledgors to strictly perform the Transaction Agreements and
this Agreement, or the rights the Pledgee may be entitled to due to the Pledgors’ subsequent breach of the Transaction Agreements and/or this Agreement. 

Article 7 Statements and Undertakings of the Pledgors 
  

	7.1	 The Natural Person Shareholder states and undertakes to the Pledgee that he/she is a PRC citizen and has the
legal right and capacity to execute this Agreement and undertake legal obligations according to this Agreement. 

  

	7.2	 The Corporate Shareholder states and undertakes to the Pledgee that it is a limited liability company duly
registered and validly subsisting under PRC laws as an independent legal person; it has complete and independent legal status and legal capacity to sign, deliver and perform this Agreement and may independently serve as a party of litigation.

  

	7.3	 The Pledgors make the following statements and undertakings to the Pledgee: 

7.3.1 All the reports, documents and information provided by the Pledgors to the Pledgee before this Agreement enters into force in relation to
the Pledgors and all the matters required by this Agreement are true and correct in all material aspects at the time when this Agreement enters into force. 

7.3.2 All the reports, documents and information provided by the Pledgors to the Pledgee after this Agreement enters into force in relation to
the Pledgors and all the matters required by this Agreement are true and valid in all material aspects at the time of provision. 
 7.3.3 At
the time when this Agreement enters into force, the Pledgors are the sole legal owner of the Pledged Equity and are not involved in any existing dispute over the ownership of the Pledged Equity. The Pledgors have the right to dispose of the Pledged
Equity and any part thereof. 

 7.3.4 Except for the security interests set on the Pledged Equity due to this Agreement and
the rights set under the Transaction Agreements, no other security interests or third-party interests have been set on the Pledged Equity. 

7.3.5 The Pledged Equity may be pledged and transferred according to laws and the Pledgors have full right and power to pledge the Pledged
Equity to the Pledgee according to this Agreement. 
 7.3.6 This Agreement is duly signed by the Pledgors and constitutes a legal, effective
and binding obligation on the Pledgors. 
 7.3.7 Any consent, permission, waiver or authorization by any third person, or any approval,
permission or exemption by any government authority, or any registration or filing formalities with any government authority to be obtained or effected in respect of the execution and performance of this Agreement and the Equity Pledge under this
Agreement have been obtained or effected (registration with the Company’s industrial and commercial registration authority regarding the Equity Pledge shall be completed immediately after execution of this Agreement), and will be fully
effective during the validity period of this Agreement. 
 7.3.8 The execution and performance of this Agreement by the Pledgors do not
violate or contradict any law applicable thereto, any agreement to which they are parties or which is binding on their assets, any court judgment, any arbitration award of any arbitration agency and any decision of any administration authority. 

7.3.9 The pledge hereunder constitutes the first secured interest on the Pledged Equity. 

7.3.10 All the taxes and expenses payable for obtaining the Pledged Equity shall be paid by the Pledgors. 

7.3.11 There is no pending or, to the knowledge of the Pledgors, threatened litigation, legal process or demand by any court or any arbitration
tribunal or by any government authority or any administration authority against the Pledgors, or their property, or the Pledged Equity, which will have a material or adverse effect on the economic status of the Pledgors or their capability to
perform the obligations and the warranty liabilities under this Agreement. 
 7.3.12 The Pledgors hereby undertake to the Pledgee that the
aforesaid statements and undertakings are true and correct and will be fully observed at any time in any circumstance before the full performance of the Contract Obligations or the full repayment of the Secured Debts. 

Article 8 Statements and Undertakings of the Company 

The Company makes the following statements and undertakings to the Pledgee: 
  

	8.1	 The Company is a limited liability company duly registered and validly subsisting under PRC laws as an
independent legal person; it has complete and independent legal status and legal capacity to sign, deliver and perform this Agreement and may independently serve as a party of litigation. 

	8.2	 All the reports, documents and information provided by the Company to the Pledgee before this Agreement enters
into force in relation to the Pledged Equity and all the matters required by this Agreement are true and correct in all material aspects at the time when this Agreement enters into force. 

 

	8.3	 All the reports, documents and information provided by the Company to the Pledgee after this Agreement enters
into force in relation to the Pledged Equity and all the matters required by this Agreement are true and valid in all material aspects at the time of provision. 

 

	8.4	 This Agreement is duly signed by the Company and constitutes a legal, effective and binding obligation on the
Company. 

  

	8.5	 It has full power and authority within the company to enter into and deliver this Agreement and all other
documents to be signed by it relating to the transactions described in this Agreement, and it has full power and authority to complete the transactions described herein. 

 

	8.6	 There is no pending or, to the knowledge of the Company, threatened litigation, legal process or demand by any
court or any arbitration tribunal or by any government authority or any administration authority against the Company or its property (including but not limited to the Pledged Equity), which will have a material or adverse effect on the economic
status of the Company or its capability to perform the obligations and the warranty liabilities under this Agreement. 

  

	8.7	 The Company hereby agrees to bear joint liability to the Pledgee regarding the Pledgors’ statements and
undertakings under Articles 7.3.3, 7.3.4, 7.3.5, 7.3.7 and 7.3.9 of this Agreement. 

  

	8.8	 The Company hereby undertakes to the Pledgee that the aforesaid statements and undertakings shall be true and
correct and be fully observed in any circumstance at any time before the Contract Obligations are fully performed or the Secured Debts are fully paid off. 

Article 9 Undertakings by the Pledgors 

The Pledgors undertake to the Pledgee as follows: 
  

	9.1	 Without the prior written consent of the Pledgee, the Pledgors shall not reset or allow setting any new pledge
or any other security interest on the Pledged Equity. It is invalid to set any pledge or any other security interest on all or part of the Pledged Equity without the prior written consent. 

	9.2	 The Pledgors shall not transfer the Pledged Equity without prior written notice to and prior written consent of
the Pledgee. All of the Pledgors’ proposed acts to transfer the Pledged Equity shall be invalid. The monies obtained from the Pledgors’ transfer of the Pledged Equity shall be first used by the Pledgee to liquidate the Secured Debts in
advance or be deposited at a third party upon agreement with the Pledgee. 

  

	9.3	 When there is any legal action, arbitration or other request that may adversely affect the interests or Pledged
Equity of the Pledgors or the Pledgee under the Transaction Agreements and this Agreement, the Pledgors undertake to notify the Pledgee in writing as soon as possible and in a timely manner, and, in accordance with the reasonable requirements of the
Pledgee, take all necessary measures to protect the pledge rights of the Pledgee on the Pledged Equity. 

  

	9.4	 The Pledgors shall not engage in or allow any act or action that may adversely affect the interests or Pledged
Equity of the Pledgee under the Transaction Agreements and this Agreement. The Pledgors waive the right of first refusal to the pledge rights realized by the Pledgee. 

 

	9.5	 The Pledgors undertake to, in accordance with the reasonable requirements of the Pledgee, take all necessary
measures and sign all necessary documents (including but not limited to supplementary agreements hereof) to protect the pledge rights of the Pledgee on the Pledged Equity and ensure the exercise and realization of such rights. 

 

	9.6	 The Pledgors undertake to take all measures to achieve the transfer of any Pledged Equity arising from the
exercise of the pledge under this Agreement. 

 Article 10 Undertakings by the Company 

 

	10.1	 If any consent, permission, waiver or authorization by any third person, or any approval, permission or
exemption by any government authority, or any registration or filing formalities with any government authority need to be obtained in respect of the execution and performance of this Agreement and the Equity Pledge hereunder, the Company shall
endeavour to assist in the obtainment of the above and keep them fully effective during the validity period of this Agreement. 

  

	10.2	 Without the prior written consent of the Pledgee, the Company will not help or allow the Pledgors to set any
new pledge or any other security interest on the Pledged Equity. 

  

	10.3	 Without the prior written consent of the Pledgee, the Company will not help or allow the Pledgors to transfer
the Pledged Equity. 

  

	10.4	 When there is any legal action, arbitration or other request that may adversely affect the interests of the
Company, the Pledged Equity or the Pledgee under the Transaction Agreements and this Agreement, the Company undertakes to notify the Pledgee in writing as soon as possible and in a timely manner, and, in accordance with the reasonable requirements
of the Pledgee, take all necessary measures to protect the pledge rights of the Pledgee on the Pledged Equity. 

	10.5	 The Company shall not engage in or allow any act or action that may adversely affect the interests or Pledged
Equity of the Pledgee under the Transaction Agreements and this Agreement. 

  

	10.6	 The Pledgors will, in the first month of each Gregorian calendar quarter, provide the Pledgee with the
financial statements of the Company for the previous Gregorian calendar quarter, including (but not limited to) the balance sheet, income statement and cash flow statement. 

 

	10.7	 The Company undertakes to, in accordance with the reasonable requirements of the Pledgee, take all necessary
measures and sign all necessary documents (including but not limited to supplementary agreements hereof) to protect the pledge rights of the Pledgee on the Pledged Equity and ensure the exercise and realization of such rights. 

 

	10.8	 The Company undertakes to take all measures to achieve the transfer of any Pledged Equity arising from the
exercise of the pledge under this Agreement. 

 Article 11 Change of Circumstances 

 

	11.1	 As a supplement and without prejudice to other terms of the Transaction Agreements and this Agreement, if, at
any time the promulgation or change of any PRC laws, regulations or rules, or change in interpretation or application of such laws, regulations and rules, or change of the relevant registration procedures causes the Pledgee to believe that it will
be illegal or counter to such laws, regulations or rules to further maintain the effectiveness of this Agreement and/or dispose of the Pledged Equity in the manner provided herein, Shareholders of the Company and the Company shall, at the written
direction of the Pledgee and in accordance with the reasonable request of the Pledgee, promptly take all actions and/or execute any agreement or other document, in order to: 

 

	 	(1)	 keep this Agreement valid and effective; 

 

	 	(2)	 facilitate the disposal of the Pledged Equity in the manner provided herein; and/or 

 

	 	(3)	 maintain or effectuate the security established or intended to be established hereunder. 

Article 12 Entry into Force and Validity Period of this Agreement 

 

	12.1	 This Agreement shall enter into force upon being duly executed by the parties. Shareholders of the Company
shall record the pledge hereunder in the aforesaid capital contribution certificate and shareholders’ register in a timely manner. 

	12.2	 This Agreement shall remain valid until the full performance of the Contract Obligations or the full repayment
of the Secured Debts. 

 Article 13 Notice 

 

	13.1	 Any notices, requests, demands and other correspondences required by this Agreement or made according to this
Agreement shall be served in writing to the parties concerned. 

  

	13.2	 The aforesaid notices or other correspondences shall be deemed to have been served: (i) upon sending, when
sent by fax or telex; (ii) upon receipt, when delivered personally; (iii) five (5) days after being posted, when sent by post. 

Article 14 Other Matters 
  

	14.1	 Shareholders of the Company and the Company agree that, to the extent permitted by the PRC laws, the Pledgee
may assign its rights and/or obligations hereunder to any third party after notifying Shareholders of the Company and the Company; however, without the prior written consent of the Pledgee, other parties hereto shall not assign to any third party
their rights, obligations or liabilities hereunder. Successors or permitted assignees (if any) of the Pledgors and the Company shall continue to perform the respective obligations of the Pledgors and the Company under this Agreement.

  

	14.2	 This Agreement is executed in Chinese in five (5) counterparts. 

 

	14.3	 The conclusion, validity, performance, modification, interpretation and termination of this Agreement shall be
governed by the PRC laws. 

  

	14.4	 Any dispute between the parties for the interpretation and performance of terms hereunder shall be settled by
the parties through good faith negotiation. If no agreement on solving the dispute is reached within thirty (30) days after one party requests to solve the dispute upon negotiation, any party may refer the relevant dispute to China
International Economic and Trade Arbitration Commission for arbitration in Beijing pursuant to the arbitration rules thereof then in effect. The arbitration shall be conducted in Chinese. The arbitration award shall be final and binding on the
parties. 

  

	14.5	 Any rights, powers and remedies conferred on any party by any terms of this Agreement shall not preclude any
other rights, powers or remedies conferred on it under the laws and other terms of this Agreement, and any party’s exercise of its rights, powers and remedies shall not preclude its exercise of other rights, powers and remedies enjoyed by it.

  

	14.6	 Any party’s failure to exercise or delay in exercising any rights, powers and remedies (hereinafter
referred to as “the Rights”) conferred on it under this Agreement or laws shall not result in its waiver of the Rights, and the waiver of any single or part of the Rights shall also not preclude the party from exercising the Rights
in other ways and exercising the other Rights. 

	14.7	 The titles to the articles of this Agreement are for index purposes only and shall not be used for or affect
the interpretation of the provisions of this Agreement under any circumstances. 

  

	14.8	 Each term of this Agreement is severable and independent of other terms. If any term or terms of this Agreement
become(s) invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other terms of this Agreement shall not in any way be affected thereby. 

 

	14.9	 Any amendment and supplement to this Agreement shall be executed in writing and shall take effect upon being
duly signed by the parties hereto, unless the Pledgee or the Company assigns its rights hereunder according to Article 14.1. 

  

	14.10	 This Agreement shall be binding on the legal successors of the parties. The appendixes hereto shall have the
same legal force as the text hereof. 

  

	14.11	 Upon the execution of this Agreement, the Pledgors shall enter into a power of attorney (hereinafter referred
to as the “Power of Attorney”) as shown in Appendix II to authorize any person designated by the Pledgee to sign, on behalf of the Pledgors and according to this Agreement, any and all legal documents necessary for the
exercise of the Pledgee’s rights hereunder. Such Power of Attorney shall be kept by the Pledgee, and the Pledgee may, at any time where necessary, submit the same to the relevant government departments. 

 

	14.12	 Upon execution of this Agreement, the Pledgors shall issue to the solely-invested Pledgee a letter of
commitment (hereinafter referred to as “Letter of Commitment”) as shown in Appendix III. 

 [The
remainder is intentionally left blank] 

 [This is the signing page] 

In witness whereof, this Equity Pledge Agreement has been signed by the following parties on the date and in the place first above written. 

Company: 
 Zhuhai Kingsoft Cloud Technology Co., Ltd. 

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

 

			
	 Pledgee:
  

Beijing Kingsoft Cloud Technology Co., Ltd.
  

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

Beijing Kingsoft Digital Entertainment Technology Co., Ltd.
  

/s/ Seal of Beijing Kingsoft Digital Entertainment Technology Co., Ltd.        

 [This is the signing page] 

In witness whereof, this Equity Pledge Agreement has been signed by the following parties on the date and in the place first above written. 

Natural Person Shareholder: 
 Weiqin Qiu 

/s/ Weiqin
Qiu                                         
            

 Appendix I (A): List of Natural Person Shareholder and Specific Information Thereof 

 

																					
	 No.
	  	Name	 	  	ID card No.	 	  	Address	 	  	Shareholding
percentage	 	 	Amount of
contribution
(RMB)	 
	 1
	  	 	Weiqin Qiu	 	  	 	*	 	  	 	*	 	  	 	20.3971	% 	 	 	2,260,000	 
		  				  				  				  	  
	  
	 	 	  
	  
	 
	 Total
	  
	  	 	20.3971	% 	 	 	2,260,000	 
		  				  				  				  	  
	  
	 	 	  
	  
	 

 Appendix I (B): List of Corporate Shareholder and Specific Information Thereof 

 

													
	 Name
	  	Legal
representative	  	 Address
	  	Shareholding
percentage	 	 	Amount of
contribution
(RMB)	 
	 Beijing Kingsoft Digital Entertainment Technology Co., Ltd.
	  	Jun Lei	  	West District, 2/F, Kingsoft Tower, No. 33 Xiaoying West Road, Haidian District, Beijing	  	 	79.6029	% 	 	 	8,820,000	 

 Appendix II 

Power of Attorney 

 Appendix III 

Commitment LetterEX-10.9

 Exhibit 10.9 

Supplemental Exclusive Purchase Option Agreement 

The Supplemental Exclusive Purchase Option Agreement (hereinafter referred to as “this Agreement”) was executed by and among the
following parties in the People’s Republic of China (hereinafter referred to as the “PRC”) on November 29, 2019: 
 Party A: Beijing
Kingsoft Cloud Technology Co., Ltd., a limited liability company established under PRC laws (“Kingsoft Cloud Technology” or “WFOE”); 

Party B: Weiqin Qiu, a PRC citizen, with ID card No.: *; 
 Party
C: Beijing Kingsoft Digital Entertainment Technology Co., Ltd., a limited liability company established under PRC laws (“Kingsoft Digital Entertainment”, referred to as “Existing Shareholders” together with Weiqin
Qiu); 
 Party D: Zhuhai Kingsoft Cloud Technology Co., Ltd., a limited liability company established under PRC laws (“Zhuhai Kingsoft
Cloud” or “the Company”) 
 Party A, Party B, Party C and Party D are individually referred to as “one party” and
collectively referred to as “the parties” herein. 
 Whereas: Kingsoft Cloud Technology, Weiqin Qiu, Kingsoft Digital Entertainment and Zhuhai
Kingsoft Cloud signed on 20 June 2014 the Exclusive Equity Transfer Option Agreement Regarding Zhuhai Kingsoft Cloud Technology Co., Ltd. (“Exclusive Equity Transfer Option Agreement”), which specified that the
Existing Shareholders shall grant an Purchase Option to Kingsoft Cloud Technology. According to the Purchase Option, Kingsoft Cloud Technology, to the extent permitted by the PRC laws, has the right to require the Existing Shareholders to assign the
option equity to Kingsoft Cloud Technology or any entity or individual designated thereby. 

 The parties hereby arrive at the following supplemental agreement upon negotiation. The terms used but not
defined in this Agreement shall have the same meanings as those in the Exclusive Equity Transfer Option Agreement: 
  

	1.	 Modification of the name of the Exclusive Equity Transfer Option Agreement

  

	1.1	 The parties agree to modify the name of the Exclusive Equity Transfer Option Agreement to Exclusive
Purchase Option Agreement Regarding Zhuhai Kingsoft Cloud Technology Co., Ltd. 

  

	2.	 Grant of asset purchase option 

 

	2.1	 Apart from the Purchase Option granted by the Exclusive Equity Transfer Option Agreement to Kingsoft
Cloud Technology, Zhuhai Kingsoft Cloud agrees to grant an irrevocable and exclusive purchase option to Kingsoft Cloud Technology. According to the purchase option and to the extent permitted by the PRC laws and regulations, Kingsoft Cloud
Technology may, at its own discretion and as per the time and method determined by itself, purchase or designate a third party to purchase all or part of the assets (“Asset Purchase Option”) of the Company from Zhuhai Kingsoft Cloud
at the minimum price permitted by the PRC laws. Kingsoft Cloud Technology or any third party designated thereby and Zhuhai Kingsoft Cloud shall otherwise sign an asset assignment contract to specify the terms and conditions for the aforesaid asset
assignment. 

  

	2.2	 The Existing Shareholders confirm and agree that Zhuhai Kingsoft Cloud will grant Kingsoft Cloud Technology the
Asset Purchase Option referred to in Article 2.1 herein. 

  

	2.3	 The Existing Shareholders and the Company undertake to provide cooperation and assistance in obtaining any
necessary consent, permission, waiver or authorization from any third person, or any approval, permission or exemption from any government authority, or effecting any registration or filing formalities with any government authority for the grant or
exercise of the Asset Purchase Option. 

  

	3.	 Provision of financial support 

To ensure continuous operation of Zhuhai Kingsoft Cloud, Kingsoft Cloud Technology shall provide financial support (to the extent permitted by
the PRC laws and in the way permitted by the PRC laws) for Zhuhai Kingsoft Cloud according to actual conditions to meet any cash flow requirements of Zhuhai Kingsoft Cloud during daily business operations and/or offset any losses arising during
business operations. When Zhuhai Kingsoft Cloud is unable to repay the aforesaid financial support funds, Kingsoft Cloud Technology shall agree to exempt it from repayment to the extent permitted by the PRC laws. If necessary, Kingsoft Cloud
Technology and Zhuhai Kingsoft Cloud shall sign a separate agreement regarding the specific measures and exemption matters concerning the aforesaid financial support. 
  

	4.	 Amendment to Article 6 of the Exclusive Equity Transfer Option Agreement

  

	4.1	 The parties agree and confirm that the title of Article 6 of the Exclusive Equity Transfer Option
Agreement shall be amended as “Undertakings of the Existing Shareholders and the Company”, and the beginning of Article 6 shall be amended as “The Existing Shareholders and the Company severally and jointly undertake as
follows”. 

	4.2	 The parties agree and confirm that Article 6.1 of the Exclusive Equity Transfer Option Agreement shall
be amended as follows: 

 “6.1 During the validity period of this Agreement, without the prior written consent of the
WFOE: 
 6.1.1 Existing Shareholders shall not assign or otherwise dispose of, or create any security interest or other third party right on,
any option equity; 
 6.1.2 The Company shall not increase or decrease the registered capital, or merge or integrate with any other entity,
or acquire or invest in any party; 
 6.1.3 Except in the ordinary course of business operations, the Existing Shareholders shall not sell,
assign, mortgage or otherwise dispose of any legal or beneficial interests in any material assets, businesses or revenues of the Company, or allow creation of any other encumbrance thereon; 

6.1.4 Except for the contracts signed in the ordinary course of business operations, the Existing Shareholders shall not procure the Company to
enter into any material contract, or terminate any material agreement signed by the Company, or enter into any other agreement that conflicts with existing material agreements; 

6.1.5 The Company shall not appoint or remove any executive director, supervisor or other management personnel of the Company that shall be
appointed or removed by Existing Shareholders; 
 6.1.6 The Company shall not declare the distribution of or actually pay any distributable
profits, bonuses or dividends; 
 6.1.7 The Existing Shareholders shall ensure that the Company is validly subsisting, and is not terminated,
liquidated or dissolved; 
 6.1.8 The Existing Shareholders shall not amend the Company’s articles of association; 

6.1.9 The Existing Shareholders shall ensure that the Company will not lend or borrow monies, provide guarantees or make other forms of
warranty, or assume any substantive obligations outside of ordinary course of business operations; and 
 6.1.10 If the Existing Shareholders
obtain any profits, dividends, bonuses, or liquidation income from the Company, they shall, according to the PRC laws, timely give them to the WFOE or any person designated by the WFOE.” 

	5.	 Amendment to Article 11.2 of the Exclusive Equity Transfer Option Agreement

  

	5.1	 The parties agree and confirm that Article 11.2 of the Exclusive Equity Transfer Option Agreement is
amended as follows: 

 “The parties agree and confirm that, the Existing Shareholders and the Company shall not require to terminate
this Agreement under any circumstances, unless subject to the mandatory provisions of law. The WFOE has the right to unilaterally require to amend, supplement and terminate this Agreement, in which case the other parties shall cooperate and sign
relevant agreements and complete corresponding registration and filing procedures (if any) in accordance with relevant legal requirements.” 
  

	6.	 Governing Laws and Settlement of Disputes 

 

	6.1	 Governing laws 

The conclusion, validity, interpretation, performance, modification and termination of this Agreement and settlement of disputes thereunder shall be governed
by the PRC laws. 
  

	6.2	 Settlement of disputes 

Any dispute arising from the interpretation and performance of this Agreement shall be settled preferably by the parties thereto through friendly negotiation.
If the dispute cannot be resolved within 30 days after one party sends to the other parties a written request of resolving the dispute through negotiation, any party may refer the relevant dispute to China International Economic and Trade
Arbitration Commission for arbitration pursuant to the arbitration rules thereof. The arbitration shall be held in Beijing. The arbitration award shall be final and binding on the parties. 

 

	7.	 Confidentiality Obligations 

 

	7.1	 The parties acknowledge and determine that any oral or written information related to this Agreement or the
contents thereof or exchanged among one another for the preparation or performance of this Agreement is deemed to be confidential. The parties shall keep all such confidential information confidential and shall not disclose any confidential
information to any third party without the written consent of the other parties, except for the following information: (a) any information that is or will be in the public domain (other than through the receiving party’s unauthorized
disclosure); (b) any information required to be disclosed in accordance with governing laws and regulations, stock trading rules, or orders of government departments or a court; or (c) information required to be disclosed by any party to its
shareholders, directors, employees or legal or financial advisers in connection with the transaction described in this Agreement (the said shareholder, director, employee or legal or financial advisor is also required to be bound by
confidentiality obligations similar to those in this article). Disclosure of confidential information by a/an shareholder, director, employee or hired agency of any party shall also be deemed as disclosure of confidential information by that party,
which party shall be liable for breach of contract according to this Agreement. 

	8.	 Others 

  

	8.1	 Language 

This Agreement shall be executed in Chinese and in four counterparts, with one held by each party. Each copy shall have the same legal force. This Agreement
may have multiple signed copies, which constitute one and the same document. Signatures by fax or email or other e-signatures shall have the same legal effect as the original signature. 

 

	8.2	 Title 

The titles of this Agreement are set to facilitate reading only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions
of this Agreement. 
  

	8.3	 Entry into Force 

This Agreement shall take effect from the date of signing by the parties. 
  

	8.4	 Entire Agreement 

This Agreement constitutes an amendment and supplement to the Exclusive Equity Transfer Option Agreement. In case of any inconsistency or conflict
between this Agreement and the Exclusive Equity Transfer Option Agreement, this Agreement shall prevail. The validity of relevant stipulations under this Agreement is superior to the same under the Exclusive Equity Transfer Option
Agreement. Matters not covered herein shall be as specified in the Exclusive Equity Transfer Option Agreement. 
 [The remainder
is intentionally left blank] 

 The parties have duly signed this Agreement on the date first above written 

 

	
	Beijing Kingsoft Cloud Technology Co., Ltd.
	
	/s/ Seal of Beijing Kingsoft Cloud Technology Co., Ltd.
	
	Signature:
	
	Name:
	
	Position: Legal representative

 The parties have duly signed this Agreement on the date first above written 

 

	
	Beijing Kingsoft Digital Entertainment Technology Co., Ltd.
	
	/s/ Seal of Beijing Kingsoft Digital Entertainment Technology Co., Ltd.
	
	Signature:
	
	Name:
	
	Position: Legal representative

 The parties have duly signed this Agreement on the date first above written 

 

	
	Zhuhai Kingsoft Cloud Technology Co., Ltd.
	
	/s/ Seal of Zhuhai Kingsoft Cloud Technology Co., Ltd.
	
	Signature:
	
	Name:
	
	Position: Legal representative

 The parties have duly signed this Agreement on the date first above written 

 

	
	Weiqin Qiu
	
	/s/ Weiqin Qiu

 20 June 2014 

Beijing Kingsoft Cloud Technology Co., Ltd.(北京金山云科技有限公司) 

The Natural Person as Shown in Appendix I (A) 

The Legal Entity as Shown in Appendix I (B) 

and 
 Zhuhai Kingsoft Cloud
Technology Co., Ltd. (珠海金山云科技有限公司) 
  

 
 Regarding 

Exclusive Equity Transfer Option Agreement 

of 
 Zhuhai Kingsoft Cloud
Technology Co., Ltd 
  
  

 Exclusive Equity Transfer Option Agreement 

This Exclusive Equity Transfer Option Agreement (hereinafter referred to as “this Agreement”) was executed by and the among the following
parties in the People’s Republic of China (hereinafter referred to as the “PRC”) on 20 June 2014: 
  

	(1)	 The one natural person listed in Appendix I (A) to this Agreement (hereinafter referred to as
“Individual Shareholder”) 

 Specific information (including domicile and ID card number) about the
Individual Shareholder is set out in Appendix I (A) “List of Individual Shareholder and Specific Information Thereof”. 
  

	(2)	 The legal entity listed in Appendix I (B) to this Agreement (hereinafter referred to
as “Corporate Shareholder” and jointly with the Individual Shareholder as “Existing Shareholders”) 

Specific information (including legal representative and registered address) about the Corporate Shareholder is set out in Appendix I (B)
“List of Corporate Shareholder and Specific Information Thereof”. 
  

	(3)	 Beijing Kingsoft Cloud Technology Co., Ltd. (hereinafter referred to as the “WFOE”)

 Registered address: Room 5F02, 5/F, No. 33, Xiaoying West Road, Haidian District, Beijing 

Legal representative: Hongjiang Zhang 
  

	(4)	 Zhuhai Kingsoft Cloud Technology Co., Ltd. (hereinafter referred to as the “Company”)

 Registered address: Room 2, District B, 10/F, No. 8, Lianhua Alley, Jingshan Road, Jida, Zhuhai 

Legal representative: Hongjiang Zhang 

(The aforesaid parties are individually referred to as “one party” and collectively referred to as “the
parties”.) 
 Whereas: 
  

	(1)	 Existing Shareholders are the registered shareholders of the Company jointly holding 100% equity of the
Company. The proportion of their respective shares in the Company and the amount of their contribution are listed in Appendix I (A) and (B) to this Agreement; 

 

	(2)	 Existing Shareholders intend to assign all their equity in the Company to the WFOE without prejudice to the PRC
laws, and the WFOE intends to accept such assignment; 

  

	(3)	 To effectuate the aforesaid assignment of equity, the Existing Shareholders agree to grant an irrevocable
Purchase Option to the WFOE; according to the Purchase Option and to the extent permitted by the PRC laws, Existing Shareholders shall, as required by the WFOE, assign its option equity (as defined hereunder) to the WFOE and/or any other entity or
individual designated thereby in accordance with this Agreement; 

  

	(4)	 The Company agrees that Existing Shareholders may grant the Purchase Option to the WFOE in accordance with this
Agreement. 

 Therefore, the parties arrive at the following agreement upon negotiation: 

Article 1 Definitions 
  

	1.1	 Unless the context otherwise requires, the following terms in this Agreement shall have the following meanings:

  

			
	“PRC laws”	  	The then valid laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding regulatory documents of the PRC (for the purpose of this Agreement, excluding Hong Kong, Macao and
Taiwan).
		
	“Purchase Option”:	  	The option conferred by the Existing Shareholders to the WFOE according to the terms and conditions of this Agreement to require acceptance of assignment of the equity of the Company.
		
	“Option equity”:	  	Equity equivalent to 100% of the registered capital of the Company held by the Existing Shareholders.
		
	“Registered capital of the Company”:	  	On the date of execution of this Agreement, the registered capital of RMB11,080,000 of the Company, which also includes the expanded registered capital formed by any capital increase during the validity period of this
Agreement.
		
	“Assignment Equity”:	  	The equity that the WFOE has the right to require the Existing Shareholders to assign to it or its designated entity or individual in accordance with Article 3 of this Agreement when exercising the Purchase Option
(“Exercise”), with the amount equivalent to all or part of the option equity, which shall be determined by the WFOE according to the then PRC laws and its own business considerations.
		
	“Assignment price”:	  	All the consideration to be paid by the WFOE or its designated entity or individual to the Existing Shareholders for acquiring the assignment equity at each time of exercise.
		
	“Operation licenses”:	  	Any approval, permission, filing and registration that the Company shall have to legally and effectively operate all its businesses, including but not limited to Business License of Enterprise as Legal Person, Tax
Registration Certificate and other relevant permissions and licenses required by PRC laws at the material time.
		
	“Assets of the Company”:	  	All the tangible and intangible assets which the Company owns or has the right to use during the validity period of this Agreement, including but not limited to any immovable and movable assets, as well as intellectual properties
such as trademarks, copyrights, patents, know-how, domain names and software use rights.
		
	“Material agreements”:	  	Agreements to which the Company is a party and which has material effects on the Company’s business or assets, including but not limited to Shareholder Voting Right Trust Agreement and Equity Pledge Agreement
executed by the Company and the WFOE and the Existing Shareholders on 20 June 2014, Exclusive Consultation and Technical Service Agreement executed by the Company and the WFOE on 9 November 2012, Loan Agreement executed by
some of the Existing Shareholders and the WFOE on 9 November 2012, Loan Agreement executed by some of the Existing Shareholders and the WFOE on 20 June 2014, Liability Assumption Agreement executed by some of the Existing
Shareholders and the WFOE on 20 June 2014 and other agreements relating to the Company’s businesses executed by the Existing Shareholders and the WFOE

			
		
	“Exercise notice”:	  	Has the meaning conferred in Article 3.5 hereof.
		
	“Confidential information”:	  	Has the meaning conferred in Article 8.1 hereof.
		
	“Defaulting party”:	  	Has the meaning conferred in Article 11.1 hereof.
		
	“Default”:	  	Has the meaning conferred in Article 11.1 hereof.
		
	“The Rights”:	  	Has the meaning conferred in Article 12.5 hereof.

  

	1.2	 The references to any PRC law herein shall be deemed: 

 

	 	(1)	 to include references to the amendments, changes, supplements and reenactments of such law, irrespective of
whether they take effect before or after the formation of this Agreement; and 

  

	 	(2)	 to include references to other decisions, notices or regulations enacted in accordance therewith or effective
as a result thereof. 

  

	1.3	 Unless otherwise stated in the context herein, all references to an article, clause, item or paragraph shall
refer to the relevant article, clause, item or paragraph of this Agreement. 

 Article 2 Grant of the Purchase Option

  

	2.1	 The Existing Shareholders agree to irrevocably and unconditionally grant to the WFOE an Exclusive Equity
Transfer Option, pursuant to which the WFOE has the right to, as permitted by the PRC laws and subject to the terms and conditions of this Agreement, require the Existing Shareholders to assign the option equity to the WFOE or its designated entity
or individual. The WFOE also agrees to accept such Purchase Option. 

  

	2.2	 The Company hereby agrees that the Existing Shareholders may grant to the WFOE such Purchase Option in
accordance with Article 2.1 and other provisions of this Agreement. 

 Article 3 Ways of Exercise 

 

	3.1	 Subject to the terms and conditions of this Agreement, as permitted by the PRC laws, the WFOE has absolute
discretion to determine specific time, method and number of times of exercise. 

  

	3.2	 Subject to the terms and conditions of this Agreement, the WFOE has the right to require acceptance of
assignment of all or part of the equity from the Existing Shareholders at any time, either by itself or through other entities or individuals designated by it, according to the then PRC laws. 

 

	3.3	 At each time of exercise, the WFOE has the right to arbitrarily designate the amount of equity that the
Existing Shareholders should assign to the WFOE and/or other entities or individuals designated by it during relevant exercise. The Existing Shareholders shall assign the assignment equity to the WFOE and/or other entities or individuals designated
by it as per the amount required by the WFOE. The WFOE and/or other entities or individuals designated by it shall pay the corresponding assignment price to the Existing Shareholders assigning the assignment equity for the assignment equity assigned
during each exercise. 

  

	3.4	 During each exercise, the WFOE may accept the assignment equity by itself, or may designate any third party to
accept the assignment of all or part of the assignment equity. 

	3.5	 After the WFOE decides to exercise its right each time, it shall issue a notice of Purchase Option exercise to
the Existing Shareholders (hereinafter referred to as the “exercise notice”. The format of the exercise notice is set out in Appendix II to this Agreement). Upon receipt of the exercise notice, the Existing Shareholders shall
immediately assign the assignment equity in whole to the WFOE and/or other entities or individuals designated by it at one time in a manner set out in Article 3.3 of this Agreement in accordance with the exercise notice. 

Article 4 Assignment Price 
  

	4.1	 According to the Loan Agreement (hereinafter referred to as the “loan agreement-1”) signed by Jin Wang, Weiqin Qiu (hereinafter collectively referred to as the “original shareholder”) and the WFOE on 9 November 2012, the Loan Agreement
(hereinafter referred to as the “loan agreement-2” and jointly with loan agreement-1 as “Loan Agreement” in this paragraph) signed by
the original shareholder Weiqin Qiu and the WFOE on 20 June 2014, and the Liability Assumption Agreement signed by the original shareholder Weiqin Qiu and the WFOE on 20 June 2014 , the original shareholder Weiqin Qiu owe a debt totaling
RMB279,180 to the WFOE. Therefore, the parties hereby agree that the assignment price of the option equity of the original shareholder Weiqin Qiu shall be equivalent to the amount of the corresponding debt owed by the original shareholder Weiqin Qiu
to the WFOE under the Loan Agreement at the material time; nevertheless, if the minimum assignment price permitted by the then PRC laws is higher than such debt amount, the minimum assignment price permitted by the PRC laws shall prevail.
Notwithstanding the above provisions, the original shareholder Weiqin Qiu shall exempt the WFOE from the payment obligations for the portion of the minimum assignment price permitted by the PRC laws in excess of such debt amount in accordance with
the PRC laws and regulations. When the WFOE exercises the Purchase Option granted by the original shareholder Weiqin Qiu, the WFOE shall have the right to pay the assignment price by directly canceling the debts owed by the original shareholder
Weiqin Qiu to the WFOE at the material time. The ratio of the cancelled debt to the total debt owed by the original shareholder Weiqin Qiu at the material time shall be equivalent to the ratio of the equity assigned by the original shareholder
Weiqin Qiu to the total equity held by them in the Company. 

  

	4.2	 Except as otherwise provided in Article 4.1 above, each time the WFOE exercise its right, the entire assignment
price that the WFOE and/or its designated entity or individual shall pay to each Existing Shareholder shall be RMB One (1); nevertheless, if there are any mandatory provisions on the assignment prices in the PRC laws then, the assignment price shall
be the minimum price permitted by the PRC laws. Notwithstanding the above provisions, the Existing Shareholder shall jointly exempt the WFOE from the payment obligations for the portion of the minimum assignment price permitted by the PRC laws in
excess of RMB One (1) in accordance with the PRC laws and regulations. 

 Article 5 Statements and Undertakings

  

	5.1	 The Individual Shareholder hereby states and undertakes that she is a PRC citizen; she has complete and
independent legal status and legal capacity to sign, deliver and perform this Agreement and may independently serve as a party of litigation. 

  

	5.2	 The Corporate Shareholder hereby states and undertakes that it is a limited liability company duly registered
and validly subsisting under PRC laws as an independent legal person; it has complete and independent legal status and legal capacity to sign, deliver and perform this Agreement and may independently serve as a party of litigation.

  

	5.3	 The Existing Shareholders hereby make the following statements and undertakings jointly: 

 

	 	5.3.1	 The Existing Shareholders have full power and authority to enter into, deliver and perform this Agreement and
all other documents to be signed by them relating to the transactions described in this Agreement, and have full power and authority to complete the transactions described herein. 

	 	5.3.2	 This Agreement is legally and properly signed and delivered by the Existing Shareholders. This Agreement is
legally binding on them and is enforceable against them. 

  

	 	5.3.3	 The Existing Shareholders are the registered legal owners of the option equity when this Agreement comes into
effect. Except for the pledge set out in the Equity Pledge Agreement signed on 20 June 2014 and the Trusted Rights set out in the Shareholder Voting Right Trust Agreement signed on 20 June 2014 by the Existing Shareholders,
the WFOE and the Company, no liens, pledges, claims and other security interests and third-party rights are set on the option equity. According to this Agreement, the WFOE and/or other entities or individuals designated by it may, after exercise,
obtain the favorable ownership of the assigned equity without liens, pledges, claims and other security interests or third-party rights. 

  

	5.4	 The Company hereby makes the following statements and undertakings: 

 

	 	5.4.1	 The Company is a limited liability company duly registered and validly subsisting under PRC laws as an
independent legal person; it has complete and independent legal status and legal capacity to sign, deliver and perform this Agreement and may independently serve as a party of litigation. 

 

	 	5.4.2	 The Company has full power and authority within the company to enter into, deliver and perform this Agreement
and all other documents to be signed by it relating to the transactions described in this Agreement, and it has full power and authority to complete the transactions described herein. 

 

	 	5.4.3	 This Agreement is legally and properly signed and delivered by the Company. This Agreement is legally binding
on it and is enforceable against it. 

  

	5.5	 The WFOE makes the following statements and undertakings: 

 

	 	5.5.1	 The WFOE is a limited liability company duly registered and validly subsisting under PRC laws as an independent
legal person; it has complete and independent legal status and legal capacity to sign, deliver and perform this Agreement and may independently serve as a party of litigation. 

 

	 	5.5.2	 The WFOE has full power and authority within the company to enter into, deliver and perform this Agreement and
all other documents to be signed by it relating to the transactions described in this Agreement, and it has full power and authority to complete the transactions described herein. 

 

	 	5.5.3	 This Agreement is legally and properly signed and delivered by the WFOE. This Agreement is legally binding on
it and is enforceable against it. 

 Article 6 Undertakings of Existing Shareholders 

Existing Shareholders hereby undertake as follows: 
  

	6.1	 During the validity period of this Agreement, without the prior written consent of the WFOE:

  

	 	6.1.1	 Existing Shareholders shall not assign or otherwise dispose of, or create any security interest or other third
party right on, any option equity; 

  

	 	6.1.2	 They shall not increase or decrease the registered capital of the Company or merge with any other entity;

	 	6.1.3	 They shall not dispose of or procure the management of the Company to dispose of any material assets of the
Company (including the Company’s long-term investment interests) (except in the ordinary course of business operations); 

  

	 	6.1.4	 They shall not terminate or procure the management of the Company to terminate any material agreement signed by
the Company, or enter into any other agreement that conflicts with existing material agreements; 

  

	 	6.1.5	 They shall not appoint or remove any executive director, supervisor or other management personnel of the
Company that shall be appointed or removed by Existing Shareholders; 

  

	 	6.1.6	 They shall not declare the distribution of or actually pay any distributable profits, bonuses or dividends;

  

	 	6.1.7	 They shall ensure that the Company is validly subsisting, and is not terminated, liquidated or dissolved;

  

	 	6.1.8	 They shall not amend the Company’s articles of association; and 

 

	 	6.1.9	 They shall ensure that the Company will not lend or borrow monies, provide guarantees or make other forms of
warranty, or assume any substantive obligations outside of ordinary course of business operations. 

  

	6.2	 During the validity period of this Agreement, Existing Shareholders shall do their utmost to develop the
Company’s business and ensure that the Company operates in a legal and compliant manner and they will not conduct any act or act of omission that may damage the assets and goodwill of the Company or affect the validity of the Company’s
business license. 

  

	6.3	 During the validity period of this Agreement, they shall promptly inform the WFOE of any situation that may
have a material adverse effect on the Company’s subsistence, business operations, financial condition, assets or goodwill, and shall promptly take all measures approved by the WFOE to eliminate such adverse conditions or take effective remedial
measures for the Company. 

  

	6.4	 Once the WFOE issues the exercise notice: 

 

	 	6.4.1	 They shall immediately convene a shareholders’ meeting and adopt resolutions of such meeting and take all
other necessary actions to agree that Existing Shareholders may assign all assignment equity to the WFOE and/or other entities or individuals designated by it at the assignment price and waive any right of first refusal they have;

  

	 	6.4.2	 They shall promptly sign an equity assignment agreement with the WFOE and/or other entities or individuals
designated by it to assign all assignment equity to the WFOE and/or other entities or individuals designated by it at the assignment price, and shall provide the WFOE with necessary support (including providing and signing all relevant legal
documents, performing all government approvals and registration procedures and undertaking all relevant obligations) in accordance with the requirements of the WFOE and laws and regulations so that the WFOE and/or other entities or individuals
designated by it obtain all assignment equity without faults at law. 

 Article 7 Undertakings of the Company 

 

	7.1	 The Company hereby undertakes as follows: 

 

	 	7.1.1	 If the signing and performance of this Agreement and the grant of the Purchase Option under this Agreement are
subject to the consent, permission, waiver, authorization of any third party, or the approval, permission, waiver of any government authority or the registration or filing with any government authority (if required by law), the Company will do its
best to help meet the above conditions. 

  

	 	7.1.2	 The Company will not assist or allow Existing Shareholders to assign or otherwise dispose of, or create any
security interest or other third party right on, any option equity without the prior written consent of the WFOE. 

  

	 	7.1.3	 The Company shall not engage in or permit any act or action that may adversely affect the interests of the WFOE
under this Agreement, including but not limited to any acts and actions subject to Article 6.1. 

 Article 8
Confidentiality Obligation 
  

	8.1	 Regardless of whether this Agreement has been terminated or not, the parties shall strictly keep confidential
the trade secrets, proprietary information, customer information and all other information of confidential nature (hereinafter collectively referred to as “confidential information”) relating to the other parties that are known
during the conclusion and performance of this Agreement. Except with the prior written consent of the party disclosing the confidential information or for disclosure to third parties as required by relevant laws, regulations or the listing
requirements, the party receiving the confidential information shall not disclose any confidential information to any other third party; except for the purpose of performing this Agreement, the party receiving the confidential information shall not
use or indirectly use any confidential information. 

  

	8.2	 The following information shall not be deemed as confidential information: 

 

	 	(a)	 any information proven by written evidence to have been previously obtained by the receiving party through
legal means; 

  

	 	(b)	 any information that is made public for a reason not ascribable to the receiving party; or

  

	 	(c)	 any information obtained by the receiving party through other legal means after receiving such information.

  

	8.3	 The receiving party may disclose the confidential information to its relevant employees, agents or
professionals engaged by it on the condition that it shall ensure that the above-mentioned persons comply with the relevant terms and conditions of this Agreement and that it shall assume any liability arising from violation of the relevant terms
and conditions of this Agreement by the above-mentioned persons. 

  

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

 Article 9 Validity Period of this Agreement 

The parties agree that this Agreement shall become effective on the date of formal signing by the parties, and shall be valid until all option equity are
legally assigned to the WFOE and/or other entity or individual designated thereby pursuant to this Agreement. 

 Article 10 Notice 

 

	10.1	 Any notices, requests, demands and other correspondences required by this Agreement or made according to this
Agreement shall be served in writing to the parties concerned. 

  

	10.2	 The above notices or other correspondences shall be deemed to have been served: (i) upon sending, when
sent by fax or telex; (ii) upon receipt, when delivered personally; (iii) five (5) days after being posted, when sent by post. 

Article 11 Default Liabilities 
  

	11.1	 The parties agree and confirm that if any party (hereinafter referred to as the “defaulting
party”) materially breaches any of the agreements made hereunder, or substantially fails to perform any of the obligations hereunder, it shall constitute a default under this Agreement (hereinafter referred to as
“default”), and the observant party shall have the right to request the defaulting party to make corrections or take remedial actions within a reasonable period. If the defaulting party fails to make corrections or take remedial
actions within the reasonable period or within ten (10) days after the observant party notifies the defaulting party in writing and requests for correction, the observant party shall have the right to decide at its own discretion to:

  

	 	(1)	 terminate this Agreement and request the defaulting party to give full compensation for damages; or

  

	 	(2)	 require the defaulting party to perform its obligations under this Agreement in a compulsory manner and give
full compensation for damages; 

  

	11.2	 The parties agree and confirm that, except as otherwise required by law, Existing Shareholders and the Company
shall not request the termination of this Agreement under any circumstances. 

  

	11.3	 Notwithstanding other provisions of this Agreement, the validity of this article shall not be affected by the
termination of this Agreement. 

 Article 12 Other Matters 

 

	12.1	 This Agreement is executed in Chinese in five (5) original copies. 

 

	12.2	 The conclusion, validity, performance, modification, interpretation and termination of this Agreement shall be
governed by the PRC laws. 

  

	12.3	 Any dispute between the parties for the interpretation and performance of terms hereunder shall be settled by
the parties through good faith negotiation. If no agreement on solving the dispute is reached within thirty (30) days after one party requests to solve the dispute upon negotiation, any party may refer the relevant dispute to China
International Economic and Trade Arbitration Commission for arbitration in Beijing pursuant to the arbitration rules thereof then in effect. The arbitration shall be conducted in Chinese. The arbitration award shall be final and binding on the
parties. 

  

	12.4	 Any rights, powers and remedies conferred on any party by any terms of this Agreement shall not preclude any
other rights, powers or remedies conferred on it under the laws and other terms of this Agreement, and any party’s exercise of its rights, powers and remedies shall not preclude its exercise of other rights, powers and remedies enjoyed by it.

  

	12.5	 Any party’s failure to exercise or delay in exercising any rights, powers and remedies (hereinafter
referred to as “the Rights”) conferred on it under this Agreement or laws shall not result in its waiver of the Rights, and the waiver of any single or part of the Rights shall also not preclude the party from exercising the Rights
in other ways and exercising the other Rights. 

	12.6	 The titles to the articles of this Agreement are for index purposes only and shall not be used for or affect
the interpretation of the provisions of this Agreement under any circumstances. 

  

	12.7	 Each term of this Agreement is severable and independent of other terms. If any term or terms of this Agreement
become(s) invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other terms of this Agreement shall not in any way be affected thereby. 

 

	12.8	 Upon being signed, this Agreement shall replace any other legal documents previously signed by the parties for
the same theme. Any amendment and supplement to this Agreement shall be executed in writing and shall take effect upon being duly signed by the parties thereto. 

 

	12.9	 No party shall assign any of its rights and/or obligations hereunder to any third party without the prior
written consent of the other parties. 

  

	12.10	 This Agreement shall be binding on the legal assignees or successors of the parties. The appendixes to this
Agreement shall have the same legal force as the text hereof. 

  

	12.11	 Upon the execution of this Agreement, the Existing Shareholders shall enter into a power of attorney
(hereinafter referred to as the “Power of Attorney”) as shown in Appendix III to authorize any person designated by the WFOE to sign, on their behalf and according to this Agreement, any and all legal documents necessary for
the exercise of the WFOE’s rights hereunder. The WFOE shall keep the Power of Attorney, and may submit the Power of Attorney to relevant government departments at any time when necessary. 

[The remainder is intentionally left blank] 

 [The remainder is intentionally left blank, only for signatures] 

In witness thereof, this Exclusive Equity Transfer Option Agreement has been executed by the following parties on the date and in the place first above
written. 
 Individual Shareholder: 
  

	
	Weiqin Qiu
	/s/ Weiqin Qiu

 [The remainder is intentionally left blank, only for signatures] 

In witness thereof, this Exclusive Equity Transfer Option Agreement has been executed by the following parties on the date and in the place first above
written. 
  

			
	 The Company:
  

Zhuhai Kingsoft Cloud Technology Co., Ltd.
  

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

 
 /s/ Hongjiang
Zhang                                    

 
 Name: Hongjiang Zhang

 
 Position: Legal representative
	  	 The WFOE:
  

Beijing Kingsoft Cloud Technology Co., Ltd.
  

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

 
 /s/ Hongjiang
Zhang                                    

 
 Name: Hongjiang Zhang

 
 Position: Legal representative

 Corporate Shareholder: 

Beijing Kingsoft Digital Entertainment Co., Ltd. 
 /s/ Seal of
Beijing Kingsoft Digital Entertainment Co., Ltd.         
 /s/ Jun
Lei                                         
            
 Name: Jun Lei 

Position: Legal representative 

 Appendix I (A): List of Individual Shareholder and Specific Information Thereof 

 

													
	 No.
	  	Name	 	  	ID card
No.	  	 Address
	  	 Shareholding
percentage
	  	 Amount of
contribution
(RMB’0,000)

	 1
	  	 	Weiqin Qiu	 	  	*	  	*	  	20.3971%	  	2,260,000
		  				  		  		  	  
	  	  

	 Total
	  	20.3971%	  	2,260,000
		  				  		  		  	  
	  	  

 Appendix I (B): List of Corporate Shareholder and Specific Information Thereof 

 

													
	 Name
	  	Legal
Representative	  	 Address
	  	Shareholding
percentage	 	 	Amount of contribution
(RMB’0,000)	 
	Beijing Kingsoft Digital Entertainment Technology Co., Ltd.	  	Jun Lei	  	 West District, F/2,
 Kingsoft Tower,

No. 33 Xiao Ying West Road,
 Haidian District,
Beijing
	  	 	79.6029	% 	 	 	8,820,000	 

 Appendix II: 

Format of Exercise Notice 

 Appendix III: 

Power of Attorney

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