Document:

EX-4.4

 Exhibit 4.4 

SHAREHOLDERS AGREEMENT 

THIS SHAREHOLDERS AGREEMENT (this “Agreement”) is made and entered into as of April 29, 2015 by and among: 

 

			
		
	1.	  	Huami Corporation, an exempted company with limited liability organized and existing under the laws of the Cayman Islands (the “Company”);
		
	2.	  	Huami HK Limited, a company organized and existing under the laws of Hong Kong (the “HK Company”);
		
	  
 3.
	  	Shunyuan Kaihua (Beijing) Technology Co., Ltd.

, a limited liability company organized and existing under the laws of the People’s Republic of China (the “PRC”), as the wholly-owned subsidiary of the HK Company (the
“WFOE”);
		
	  
 4.
	  	Huami (Beijing) Information Technology Co., Ltd.

, a limited liability company organized and existing under the laws of the PRC (the “Beijing Company”);
		
	  
 5.
	  	Anhui Huami Information Technology Co., Ltd.

, a limited liability company organized and existing under the laws of the PRC (the “Anhui Company”, together with the Beijing Company, the “Domestic Companies”);
		
	6.	  	Each of the entities as set forth in Schedule A attached hereto (collectively, the “Investors”, and each an “Investor”);
		
	7.	  	Each of the persons as set forth in Schedule B attached hereto (collectively, the “Founders”, and each a “Founder”); and
		
	8.	  	Each of the entities as set forth in Schedule C attached hereto (collectively, the “BVI Companies”, and each a “BVI Company”).

 The WFOE, the Domestic Companies and all their direct or indirect subsidiaries incorporated in PRC are
referred to collectively herein as the “PRC Companies”, and each a “PRC Company”. The Company, the HK Company, the U.S. Company (as defined in the Share Purchase Agreement) and the PRC Companies are referred to
collectively herein as the “Group Companies”, and each a “Group Company”. 
 RECITALS 

A. The Company, the BVI Companies, the HK Company, the WFOE, the Domestic Companies, the Founders and the Investors have entered into a
Preferred Shares Purchase Agreement dated April 29, 2015 (the “Share Purchase Agreement”), under which the Company shall issue and allot an aggregate of 71,641,792 series A convertible preferred shares of the Company, par value
US$0.0001 per share (the “Series A Preferred Shares”), 2,000,000 series B-1 convertible preferred shares of the Company, par value US$0.0001 per share (the “Series B-1 Preferred Shares”) and 20,895,523 series B-2
convertible preferred shares of the Company, par value US$0.0001 per share (the “Series B-2 Preferred Shares”, collectively with the Series B-1 Preferred Shares, the “Series B Preferred Shares”; the Series A
Preferred Shares and Series B Preferred Shares, collectively the “Preferred Shares”) to the Investors. 

  
 1 

 B. In connection with the consummation of the transactions contemplated by the Share Purchase
Agreement, the parties hereto desire to enter into this Agreement and the Ancillary Agreements (as defined in the Share Purchase Agreement) for the governance, management and operations of the Group Companies and for the rights and obligations
between and among the parties hereto. 
 C. The Share Purchase Agreement provides that the execution and delivery of this Agreement by the
parties shall be a condition precedent to the consummation of the transactions contemplated under the Share Purchase Agreement. 
 NOW,
THEREFORE, in consideration of the foregoing recitals, the mutual promises hereinafter set forth, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows: 

1. INFORMATION RIGHTS; BOARD REPRESENTATION. 

1.1. Information and Inspection Rights. 

(a) Information Rights. Each of the Group Companies covenants and agrees that, commencing on the date of this Agreement, for so long as
any Investor holds at least 2% of the total issued share capital of the Company (on a fully diluted and as converted basis), the Group Companies shall deliver to such Investor: 

(i) audited annual consolidated financial statements, within ninety (90) days after the end of each fiscal year, prepared in conformance
with the United States generally accepted accounting principles (“US GAAP”) and audited by a reputable accounting firm acceptable to the holders of a majority of the issued, outstanding Series A Preferred Shares (voting together as
a separate class and on an as converted basis, such holders, the “Majority Series A Holders”) and the holders of a majority of the issued, outstanding Series B Preferred Shares (voting together as a separate class and on an as
converted basis, such holders, the “Majority Series B Holders”; together with the Majority Series A Holders, collectively the “Majority Preferred Holders”); 

(ii) unaudited monthly consolidated financial statements, within thirty (30) days after the end of each month, prepared in conformance
with the PRC GAAP; 
 (iii) an annual capital expenditure and operations budget of the Group Companies for the following fiscal year, as
approved by the Board, within thirty (30) days prior to the end of each fiscal year; 
 (iv) an up-to-date capitalization table of the
Company certified by the chief executive officer of the Company, within five (5) days after the end of each quarter; 
 (v) copies of
all Company documents or other Company information sent to any shareholder; 

  
 2 

 (vi) documents regarding the matters which would be reasonably likely to have a Material Adverse
Effect (as defined in Share Purchase Agreement) or result of a material obligation to any Group Companies (a) in a value exceeding the amount of US$8,000,000 or (b) outside the ordinary course of business of any Group Company; 

(vii) upon the written request by such Investor, such other information as such Investor shall reasonably request from time to time (the
above rights, collectively, the “Information Rights”). All financial statements to be provided to such Investor pursuant to this Section 1.1(a) shall include an income statement, a balance sheet, a cash flow statement for the
relevant period as well as for the fiscal year to-date and the analysis comparing the actual fiscal results to the annual budget and shall be prepared in conformance with the US GAAP. 

(b) Inspection Rights. Each of the Group Companies further covenants and agrees that, commencing on the date of this Agreement,
for so long as any Investor holds at least 2% of the total issued share capital of the Company (on a fully diluted and as converted basis), such Investor shall have (i) the right to inspect facilities, records and books of the Group Companies
at any time during regular working hours upon reasonable prior notice to the Group Companies, (ii) the right to discuss the business, operations and conditions of the Group Companies with their respective directors, officers, employees,
accountants, legal counsel and investment bankers, and (iii) the right to appoint independent auditor to examine the accounts of the Group Companies (the “Inspection Rights”), provided that such Investor shall bear any and all
costs incurred in connection with its exercise of such Inspection Rights.. 
 (c) Termination of Rights. The Information
Rights and Inspection Rights shall terminate upon consummation of a firm commitment underwritten public offering of the ordinary shares of the Company, par value of US$0.0001 per share (the “Ordinary Shares”) in the United States,
that has been registered under the United States Securities Act of 1933, as amended from time to time, including any successor statutes (the “Securities Act”), with the gross proceeds to the Company of no less than three hundred
(300) million U.S. dollars (US$300,000,000) and the implied market capitalization of the Company prior to such public offering shall be no less than one point five (1.5) billion U.S. dollars (US$1,500,000,000), or in a similar public
offering of the Ordinary Shares of the Company in Hong Kong or another jurisdiction which results in the Ordinary Shares trading publicly on a recognized international securities exchange; provided that such offering in terms of price, gross
proceeds, implied market capitalization and regulatory approval is reasonably equivalent to the aforementioned public offering in the United States and is subject to the prior written approval of the Majority Preferred Holders (a “Qualified
Initial Public Offering”). 
 1.2. Board of Directors. The Amended and Restated Memorandum and Articles of Association of
the Company (the “Restated Articles”) shall provide that the Board of the Company shall consist of six (6) members, which number of members shall not be changed except pursuant to an amendment to the Restated Articles.
Effective from the date hereof, 
 (i) each of People Better Limited and Shunwei High Tech Limited shall be entitled to appoint and remove
one (1) director (each, a “Series A Director”, and collectively, the “Series A Directors”); 

  
 3 

 (ii) the holders of two thirds (2/3) of the Series B-2 Preferred Shares shall be entitled
to appoint and remove one (1) director (the “Series B Director”, and collectively with the Series A Directors, the “Investor Directors”); and 

(iii) the holders of a majority of the Ordinary Shares shall be entitled to appoint and remove three (3) directors (the
“Ordinary Directors”). 
 A meeting of directors is duly constituted for all purposes if at the commencement of the meeting
there are present in person or by alternate not less than four (4) directors, which directors in each case shall include the Investor Directors. The Company shall reimburse the directors for all reasonable out-of-pocket expenses incurred in
connection with attending any meetings of the Board and any committee thereof. 
 1.3. Board of the PRC Companies and the HK Company.
Each of the PRC Companies and the HK Company shall have the same number of directors as the Company, and the Investors shall be entitled to appoint the same number of directors to each of the PRC Companies and the HK Company as they are entitled to
appoint to the Company. 
 2. REGISTRATION RIGHTS. 

2.1. Applicability of Rights. The Holders (as defined below) shall be entitled to the following rights with respect to any proposed
public offering of the Company’s Ordinary Shares in the United States and shall be entitled to reasonably equivalent or analogous rights with respect to any other offering of the Company’s securities in Hong Kong or any other jurisdiction
in which the Company undertakes to publicly offer or list such securities for trading on a recognized securities exchange. 
 2.2.
Definitions. For purposes of this Section 2: 
 (a) Registration. The terms “register,”
“registered,” and “registration” refer to a registration effected by filing a registration statement which is in a form which complies with, and is declared effective by the SEC (as defined below) in accordance
with, the Securities Act. 
 (b) Registrable Securities. The term “Registrable Securities” means:
(1) any Ordinary Shares of the Company issued or issuable pursuant to conversion of any shares of Preferred Shares issued (A) under the Share Purchase Agreement, or (B) pursuant to the Right of Participation (defined in
Section 3.1), (2) any Ordinary Shares issued (or issuable upon the conversion or exercise of any warrant, right or other security which is issued) as a dividend or other distribution with respect to, or in exchange for or in replacement
of, any Preferred Shares described in clause (1) of this subsection (b), (3) any other Ordinary Shares of the Company owned or hereafter acquired by the holders of Preferred Shares. Notwithstanding the foregoing, “Registrable
Securities” shall exclude any Registrable Securities sold by a person in a transaction in which rights under this Section 2 are not validly assigned in accordance with this Agreement, and any Registrable Securities which are sold in a
registered public offering under the Securities Act or analogous statute of another jurisdiction, or sold pursuant to Rule 144 promulgated under the Securities Act or analogous rule of another jurisdiction. 

  
 4 

 (c) Registrable Securities Then Outstanding. The number of shares of
“Registrable Securities then Outstanding” shall mean the number of Ordinary Shares of the Company that are Registrable Securities and are then issued, outstanding, issuable upon conversion of Preferred Shares then issued,
outstanding, or issuable upon conversion or exercise of any warrant, right or other security then outstanding. 
 (d) Holder.
For purposes of this Section 2, the term “Holder” means any person owning or having the rights to acquire Registrable Securities or any permitted assignee of record of such Registrable Securities to whom rights under this
Section 2 have been duly assigned in accordance with this Agreement. 
 (e) Form F-3. The term “Form
F-3” means such respective form under the Securities Act or any successor registration form under the Securities Act subsequently adopted by the SEC which permits inclusion or incorporation of substantial information by reference to other
documents filed by the Company with the SEC. 
 (f) SEC. The term “SEC” or “Commission”
means the U.S. Securities and Exchange Commission. 
 (g) Registration Expenses. The term “Registration
Expenses” shall mean all expenses incurred by the Company in complying with Sections 2.3, 2.4 and 2.5 hereof, including, without limitation, all registration and filing fees, printing expenses, fees, and disbursements of counsel for the
Company, reasonable fees and disbursements of one counsel for all the Holders, “blue sky” fees and expenses and the expense of any special audits incident to or required by any such registration (but excluding the compensation of regular
employees of the Company which shall be paid in any event by the Company). 
 (h) Selling Expenses. The term “Selling
Expenses” shall mean all underwriting discounts and selling commissions applicable to the sale of Registrable Securities pursuant to Sections 2.3, 2.4 and 2.5 hereof. 

(i) Exchange Act. The term “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, and any
successor statute. 
 2.3. Demand Registration. 

(a) Request by Holders. If the Company shall, at any time after the earlier of (i) the fifth (5th) anniversary of the Closing Date (as defined in the Share Purchase Agreement) or (ii) one (1) year following the taking effect of a registration statement for a Qualified Initial
Public Offering, receive a written request from the Holders of at least 50% of the Registrable Securities then outstanding that the Company file a registration statement under the Securities Act covering the registration of at least twenty percent
(20%) (or any lesser percentage if the anticipated gross proceeds to the Company from such proposed offering would exceed US$5,000,000) of the Registrable Securities pursuant to this Section 2.3, then the Company shall, within ten
(10) Business Days (as defined in Share Purchase Agreement) of the receipt of such written request, give written notice of such request (“Request Notice”) to all Holders, and use its best efforts to effect, as soon as
practicable, the registration under the Securities Act of all Registrable Securities that the Holders request to be registered and included in such registration by written notice given by such Holders to the Company within twenty (20) days
after receipt of the Request Notice, subject only to the limitations of this Section 2.3; provided that the Company shall not be obligated to effect any such registration if the Company has, within the six (6) month period preceding
the date of such request, already effected a registration under the Securities Act pursuant to this Section 2.3 or Section 2.5 or in which the Holders had an opportunity to participate pursuant to the provisions of Section 2.4, other
than a registration from which the Registrable Securities of the Holders have been excluded (with respect to all or any portion of the Registrable Securities the Holders requested be included in such registration) pursuant to the provisions of
Section 2.4(a). Notwithstanding the foregoing, the Company shall be obligated to effect no more than two (2) Registrations pursuant to this Section 2.3. For purposes of this Agreement, reference to registration of securities under the
Securities Act and the Exchange Act shall be deemed to mean the equivalent registration in a jurisdiction other than the United States as designated by such Holders, it being understood and agreed that in each such case all references in this
Agreement to the Securities Act, the Exchange Act and rules, forms of registration statements and registration of securities thereunder, U.S. law and the SEC, shall be deemed to refer, to the equivalent statutes, rules, forms of registration
statements, registration of securities and laws of and equivalent government authority in the applicable non-U.S. jurisdiction. In addition, “Form F-3” shall be deemed to refer to Form S-3 or any comparable form under the U.S. securities
laws in the condition that the Company is not at that time eligible to use Form F-3. 

  
 5 

 (b) Underwriting. If the Holders initiating the registration request under this
Section 2.3 (the “Initiating Holders”) intend to distribute the Registrable Securities covered by their request by means of an underwriting, then they shall so advise the Company as a part of their request made pursuant to this
Section 2.3 and the Company shall include such information in the Request Notice. In such event, the right of any Holder to include its Registrable Securities in such registration shall be conditioned upon such Holder’s participation in
such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting (unless otherwise mutually agreed by a majority in interest of the Initiating Holders and such Holder) to the extent provided herein. All Holders
proposing to distribute their securities through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting by the Holders of a majority of the
Registrable Securities being registered and reasonably acceptable to the Company. Notwithstanding any other provision of this Section 2.3, if the underwriter(s) advise(s) the Company in writing that marketing factors require a limitation of the
number of securities to be underwritten, then the Company shall so advise all Holders of Registrable Securities which would otherwise be registered and underwritten pursuant hereto, and the number of Registrable Securities that may be included in
the underwriting shall be reduced as required by the underwriter(s) and allocated among the Holders of Registrable Securities on a pro rata basis according to the number of Registrable Securities then outstanding held by each Holder requesting
registration (including the Initiating Holders); provided, however, that the number of shares of Registrable Securities to be included in such underwriting and registration shall not be reduced unless all other securities are first entirely
excluded from the underwriting and registration including, without limitation, all shares that are not Registrable Securities and are held by any other person, including, without limitation, any person who is an employee, officer or director of the
Company or any subsidiary of the Company; provided further, that at least twenty percent (20%) (or any lesser percentage if the anticipated gross proceeds to the Company from such proposed offering would exceed $5,000,000) of shares of
Registrable Securities requested by the Holders to be included in such underwriting and registration shall be so included. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice
to the Company and the underwriter(s), delivered at least ten (10) Business Days prior to the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn
from the registration. 

  
 6 

 (c) Deferral. Notwithstanding the foregoing, if the Company shall furnish to
Holders requesting registration pursuant to this Section 2.3, a certificate signed by the President or Chief Executive Officer of the Company stating that in the good faith judgment of the Board, it would be materially detrimental to the
Company and its shareholders for such registration statement to be filed at such time, then the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating
Holders; provided, however, that the Company may not utilize this right more than once in any twelve (12) month period; provided further, that the Company shall not register any other of its shares during such twelve (12) month
period. A demand right shall not be deemed to have been exercised until such deferred registration shall have been effected. 
 2.4.
Piggyback Registrations. 
 (a) The Company shall notify all Holders of Registrable Securities in writing at least thirty
(30) days prior to filing any registration statement under the Securities Act for purposes of effecting a public offering of securities of the Company (including, but not limited to, registration statements relating to secondary offerings of
securities of the Company, but excluding registration statements relating to any employee benefit plan or a corporate reorganization), and shall afford each such Holder an opportunity to include in such registration statement all or any part of the
Registrable Securities then held by such Holder. Each Holder desiring to include in any such registration statement all or any part of the Registrable Securities held by it shall within twenty (20) days after receipt of the above-described
notice from the Company, so notify the Company in writing, and in such notice shall inform the Company of the number of Registrable Securities such Holder wishes to include in such registration statement. If a Holder decides not to include all of
its Registrable Securities in any registration statement thereafter filed by the Company, such Holder shall nevertheless continue to have the right to include any Registrable Securities in any subsequent registration statement or registration
statements as may be filed by the Company with respect to offerings of its securities, all upon the terms and conditions set forth herein. No Holder of Registrable Securities shall be granted piggyback registration rights superior to those of the
Holders of the Preferred Shares without the consent in writing of the Holders of at least fifty percent (50%) of the Preferred Shares or Ordinary Shares issued upon conversion of the Preferred Shares or a combination of such Preferred Shares
and Ordinary Shares. 
 (b) Underwriting. If a registration statement under which the Company gives notice under this
Section 2.4 is for an underwritten offering, then the Company shall so advise the Holders of Registrable Securities. In such event, the right of any such Holder’s Registrable Securities to be included in a registration pursuant to this
Section 2.4 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable Securities in the underwriting to the extent provided herein. All Holders proposing to distribute
their Registrable Securities through such underwriting shall enter into an underwriting agreement in customary form with the managing underwriter or underwriters selected for such underwriting. Notwithstanding any other provision of this Agreement
but subject to Section 2.13, if the managing underwriter(s) determine(s) in good faith that marketing factors require a limitation of the number of shares to be underwritten, then the managing underwriter(s) may exclude shares from the
registration and the underwriting, and the number of shares that may be included in the registration and the underwriting shall be allocated, first, to the Company, second, to each of the Holders requesting inclusion of their
Registrable Securities in such registration statement on a pro rata basis based on the total number of shares of Registrable Securities then held by each such Holder, and third, to holders of other securities of the Company; provided,
however, that the right of the underwriter(s) to exclude shares (including Registrable Securities) from the registration and underwriting as described above shall be restricted so that (i) the number of Registrable Securities included in
any such registration is not reduced below twenty-five percent (25%) of the aggregate number of shares of Registrable Securities for which inclusion has been requested; and (ii) all shares that are not Registrable Securities and are held
by any other person, including, without limitation, any person who is an employee, officer or director of the Company (or any subsidiary of the Company) shall first be excluded from such registration and underwriting before any Registrable
Securities are so excluded. If any Holder disapproves of the terms of any such underwriting, such Holder may elect to withdraw therefrom by written notice to the Company and the underwriter(s), delivered at least ten (10) Business Days prior to
the effective date of the registration statement. Any Registrable Securities excluded or withdrawn from such underwriting shall be excluded and withdrawn from the registration. 

  
 7 

 (c) Not Demand Registration. Registration pursuant to this Section 2.4 shall
not be deemed to be a demand registration as described in Section 2.3 above. There shall be no limit on the number of times the Holders may request registration of Registrable Securities under this Section 2.4. 

2.5. Form F-3. In case the Company shall receive from any Holder a written request or requests that the Company effect a registration
on Form F-3 and any related qualification or compliance with respect to all or a part of the Registrable Securities owned by such Holder or Holders, then the Company will: 

(a) Notice. Promptly give written notice of the proposed registration and the Holder’s or Holders’ request therefor,
and any related qualification or compliance, to all other Holders of Registrable Securities; and 
 (b) Registration. As soon
as practicable, effect such registration and all such qualifications and compliances as may be so requested and as would permit or facilitate the sale and distribution of all or such portion of such Holders or Holders’ Registrable Securities as
are specified in such request, together with all or such portion of the Registrable Securities of any other Holder or Holders joining in such request as are specified in a written request given within twenty (20) days after the Company provides
the notice contemplated by Section 2.5(a); provided, however, that the Company shall not be obligated to effect any such registration, qualification or compliance pursuant to this Section 2.5: 

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

(ii) if the Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration, propose to
sell Registrable Securities and such other securities (if any) at an aggregate price to the public of less than US$500,000; 
 (iii) if the
Company shall furnish to the Holders a certificate signed by the President or Chief Executive Officer of the Company stating that in the good faith judgment of the Board of Directors of the Company, it would be materially detrimental to the Company
and its shareholders for such Form F-3 registration to be effected at such time, in which event the Company shall have the right to defer the filing of the Form F-3 registration statement no more than once during any twelve (12) month period
for a period of not more than sixty (60) days after receipt of the request of the Holder or Holders under this Section 2.5; provided that the Company shall not register any of its other shares during such sixty (60) day period;

  
 8 

 (iv) if the Company has, within the twelve (12) month period preceding the date of such
request, already effected two (2) registrations under the Securities Act other than a registration from which the Registrable Securities of Holders have been excluded (with respect to all or any portion of the Registrable Securities the Holders
requested be included in such registration) pursuant to the provisions of Sections 2.3(b) and 2.4 (a); or 
 (v) in any particular
jurisdiction in which the Company would be required to qualify to do business or to execute a general consent to service of process in effecting such registration, qualification or compliance. 

Subject to the foregoing, the Company shall file a Form F-3 registration statement covering the Registrable Securities and other securities so requested to be
registered as soon as practicable after receipt of the request or requests of the Holders. 
 (c) Not Demand Registration. Form F-3
registrations shall not be deemed to be demand registrations as described in Section 2.3 above. Except as otherwise provided herein, there shall be no limit on the number of times the Holders may request registration of Registrable Securities
under this Section 2.5. 
 2.6. Expenses. All Registration Expenses incurred in connection with any registration pursuant to
Sections 2.3, 2.4 or 2.5 (but excluding Selling Expenses, underwriting discounts and commissions, and fees for special counsel of the Holders participating in such registration) shall be borne by the Company; provided, however, the expenses
in excess of US$25,000 of any special audit required in connection with a Demand Registration shall be borne pro rata by the Holders participating in such registration. Each Holder participating in a registration pursuant to Sections 2.3, 2.4 or 2.5
shall bear such Holder’s proportionate share (based on the total number of shares sold in such registration other than for the account of the Company) of all Selling Expenses or other amounts payable to underwriter(s) or brokers, in connection
with such offering by the Holders. Notwithstanding the foregoing, the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Section 2.3 if the registration request is subsequently withdrawn at
the request of the Holders of a majority of the Registrable Securities to be registered, unless the Holders of a majority of the Registrable Securities then outstanding agree that such registration constitutes the use by the Holders of one
(1) demand registration pursuant to Section 2.3; provided further, however, that if at the time of such withdrawal, the Holders have learned of a material adverse change in the condition, business, or prospects of the Company not
known to the Holders at the time of their request for such registration and have withdrawn their request for registration with reasonable promptness after learning of such material adverse change, then the Holders shall not be required to pay any of
such expenses and such registration shall not constitute the use of a demand registration pursuant to Section 2.3. 

  
 9 

 2.7. Obligations of the Company. Whenever required to effect the registration of any
Registrable Securities under this Agreement the Company shall, as expeditiously as reasonably possible: 
 (a) Registration
Statement. Prepare and file with the SEC a registration statement with respect to such Registrable Securities and use its best efforts to cause such registration statement to become effective, and, upon the request of the Holders of a majority
of the Registrable Securities registered thereunder, keep such registration statement effective for a period of up to ninety (90) days or, in the case of Registrable Securities registered under Form F-3 in accordance with Rule 415 under the
Securities Act or a successor rule, until the distribution contemplated in the registration statement has been completed; provided, however, that (i) such ninety (90) day period shall be extended for a period of time equal to the
period any Holder refrains from selling any securities included in such registration at the request of the underwriter(s), and (ii) in the case of any registration of Registrable Securities on Form F-3 which are intended to be offered on a
continuous or delayed basis, such ninety (90) day period shall be extended, if necessary, to keep the registration statement effective until all such Registrable Securities are sold. 

(b) Amendments and Supplements. Prepare and file with the SEC such amendments and supplements to such registration statement
and the prospectus used in connection with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement. 

(c) Prospectuses. Furnish to the Holders such number of copies of a prospectus, including a preliminary prospectus, in
conformity with the requirements of the Securities Act, and such other documents as they may reasonably request in order to facilitate the disposition of the Registrable Securities owned by them that are included in such registration. 

(d) Blue Sky. Use its best efforts to register and qualify the securities covered by such registration statement under such
other securities or “blue sky” laws of such jurisdictions as shall be reasonably requested by the Holders, provided that the Company shall not be required in connection therewith or as a condition thereto to qualify to do business or to
file a general consent to service of process in any such states or jurisdictions, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act. 

(e) Underwriting. In the event of any underwritten public offering, enter into and perform its obligations under an
underwriting agreement in usual and customary form, with the managing underwriter(s) of such offering. Each Holder participating in such underwriting shall also enter into and perform its obligations under such an agreement. 

(f) Notification. Notify each Holder of Registrable Securities covered by such registration statement at any time when a
prospectus relating thereto is required to be delivered under the Securities Act of (i) the issuance of any stop order by the SEC in respect of such registration statement, or (ii) the happening of any event as a result of which the
prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a material fact required to be stated therein or necessary to make the statements therein not misleading in the
light of the circumstances then existing. 

  
 10 

 (g) Opinion and Comfort Letter. Furnish, at the request of any Holder requesting
registration of Registrable Securities, on the date that such Registrable Securities are delivered to the underwriter(s) for sale, if such securities are being sold through underwriters, or, if such securities are not being sold through
underwriters, on the date that the registration statement with respect to such securities becomes effective, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and
substance as is customarily given to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders requesting registration, addressed to the underwriters, if any, and to the Holders requesting
registration of Registrable Securities and (ii) letters dated as of (x) the effective date of the registration statement covering such Registrable Securities and (y) the closing date of the offering, from the independent certified
public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an underwritten public offering and reasonably satisfactory to a majority in interest of the Holders
requesting registration, addressed to the underwriters, if any, and to the Holders requesting registration of Registrable Securities. 

2.8. Furnish Information. It shall be a condition precedent to the obligations of the Company to take any action pursuant to Sections
2.3, 2.4 or 2.5 that the selling Holders shall furnish to the Company such information regarding themselves, the Registrable Securities held by them and the intended method of disposition of such securities as shall be required to timely effect the
Registration of their Registrable Securities. 
 2.9. Indemnification. In the event any Registrable Securities are included in a
registration statement under Sections 2.3, 2.4 or 2.5: 
 (a) By the Company. To the extent permitted by law and the Restated
Articles, the Company will indemnify and hold harmless each Holder, its partners, officers, directors, legal counsel, any underwriter (as defined in the Securities Act) for such Holder and each person, if any, who controls such Holder or underwriter
within the meaning of the Securities Act or the Exchange Act, against any losses, claims, damages, or liabilities (joint or several) to which they may become subject under the Securities Act, the Exchange Act, or other United States federal or state
law, insofar as such losses, claims, damages, or liabilities (or actions in respect thereof) arise out of or are based upon any of the following statements, omissions or violations (collectively a “Violation”): 

(i) any untrue statement or alleged untrue statement by the Company of a material fact contained in such registration statement, including
any preliminary prospectus or final prospectus contained therein or any amendments or supplements thereto; 
 (ii) the omission or alleged
omission by the Company to state therein a material fact required to be stated therein, or necessary to make the statements therein not misleading; or 

(iii) any violation or alleged violation by the Company of the Securities Act, the Exchange Act, any United States federal or state
securities law, or any rule or regulation promulgated under the Securities Act, the Exchange Act, or any United States federal or state securities law in connection with the offering covered by such registration statement; 

  
 11 

 and the Company will reimburse each such Holder, its partner, officer, director, legal counsel, underwriter or
controlling person for any legal or other expenses reasonably incurred by them, as such expenses are incurred, in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the
indemnity agreement contained in this subsection 2.9(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Company (which consent shall not be
unreasonably withheld), nor shall the Company be liable in any such case for any such loss, claim, damage, liability or action to the extent that it arises out of or is based upon a Violation which occurs in reliance upon and in conformity with
written information furnished expressly for use in connection with such registration by such Holder, partner, officer, director, legal counsel, underwriter or controlling person of such Holder. 

(b) By Selling Holders. To the extent permitted by law, each selling Holder will, if Registrable Securities held by Holder are
included in the securities as to which such registration qualifications or compliance is being effected, indemnify and hold harmless the Company, each of its directors, each of its officers who has signed the registration statement, each person, if
any, who controls the Company within the meaning of the Securities Act, any underwriter and any other Holder selling securities under such registration statement or any of such other Holder’s partners, directors, officers, legal counsel or any
person who controls such Holder within the meaning of the Securities Act or the Exchange Act, against any losses, claims, damages or liabilities (joint or several) to which the Company or any such director, officer, legal counsel, controlling
person, underwriter or other such Holder, partner or director, officer or controlling person of such other Holder may become subject under the Securities Act, the Exchange Act or other United States federal or state law, insofar as such losses,
claims, damages or liabilities (or actions in respect thereto) arise out of or are based upon any Violation, in each case to the extent (and only to the extent) that such Violation occurs in reliance upon and in conformity with written information
furnished by such Holder expressly for use in connection with such registration; and each such Holder will reimburse any legal or other expenses reasonably incurred by the Company or any such director, officer, controlling person, underwriter or
other Holder, partner, officer, director or controlling person of such other Holder in connection with investigating or defending any such loss, claim, damage, liability or action; provided, however, that the indemnity agreement contained in
this subsection 2.9(b) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the Holder, which consent shall not be unreasonably withheld; and
provided, further, that in no event shall any indemnity under this Section 2.9(b) exceed the net proceeds received by such Holder in the registered offering out of which the applicable Violation arises. 

(c) Notice. Promptly after receipt by an indemnified party under this Section 2.9 of notice of the commencement of any
action (including any governmental action), such indemnified party will, if a claim in respect thereof is to be made against any indemnifying party under this Section 2.9, deliver to the indemnifying party a written notice of the commencement
thereof and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires, jointly with any other indemnifying party similarly noticed, to assume the defense thereof with counsel mutually
satisfactory to the parties; provided, however, that an indemnified party shall have the right to retain its own counsel, with the fees and expenses to be paid by the indemnifying party, if representation of such indemnified party by the
counsel retained by the indemnifying party would be inappropriate due to actual or potential conflict of interests between such indemnified party and any other party represented by such counsel in such proceeding. The failure to deliver written
notice to the indemnifying party within a reasonable time of the commencement of any such action shall relieve such indemnifying party of liability to the indemnified party under this Section 2.9 to the extent the indemnifying party is
prejudiced as a result thereof, but the omission to so deliver written notice to the indemnifying party will not relieve it of any liability that it may have to any indemnified party otherwise than under this Section 2.9. 

  
 12 

 (d) Contribution. In order to provide for just and equitable contribution to joint
liability under the Securities Act in any case in which either (i) any indemnified party makes a claim for indemnification pursuant to this Section 2.9 but it is judicially determined (by the entry of a final judgment or decree by a court
of competent jurisdiction and the expiration of time to appeal or the denial of the last right of appeal) that such indemnification may not be enforced in such case notwithstanding the fact that this Section 2.9 provides for indemnification in
such case, or (ii) contribution under the Securities Act may be required on the part of any indemnified party in circumstances for which indemnification is provided under this Section 2.9; then, and in each such case, the indemnified party
and the indemnifying party will contribute to the aggregate losses, claims, damages or liabilities to which they may be subject (after contribution from others) in such proportion so that a Holder (together with its related persons) is responsible
for the portion represented by the percentage that the public offering price of its Registrable Securities offered by and sold under the registration statement bears to the public offering price of all securities offered by and sold under such
registration statement, and the Company and other selling Holders are responsible for the remaining portion. The relative fault of the indemnifying party and of the indemnified party shall be determined by a court of law by reference to, among other
things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the indemnifying party or by the indemnified party and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission; provided, however, that, in any such case: (A) no Holder will be required to contribute any amount in excess of the net proceeds to such
Holder from the sale of all such Registrable Securities offered and sold by such Holder pursuant to such registration statement; and (B) no person or entity guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the
Securities Act) will be entitled to contribution from any person or entity who was not guilty of such fraudulent misrepresentation. 

(e) Survival; Consents to Judgments and Settlements. The obligations of the Company and Holders under this Section 2.9
shall survive the completion of any offering of Registrable Securities in a registration statement, regardless of the expiration of any statutes of limitation or extensions of such statutes. No indemnifying party, in the defense of any such claim or
litigation, shall, except with the consent of each indemnified party, consent to entry of any judgment or enter into any settlement which does not include as an unconditional term thereof the giving by the claimant or plaintiff to such indemnified
party of a release from all liability in respect to such claim or litigation. 
 2.10. Termination of the Company’s Obligations.
The Company’s obligations pursuant to Sections 2.3, 2.4 and 2.5 with respect to any Registrable Securities proposed to be sold by a Holder in a registration pursuant to Sections 2.3, 2.4 or 2.5 shall terminate on the fifth anniversary of the
Qualified Public Offering, or , if, in the opinion of counsel to the Company, all such Registrable Securities proposed to be sold by a Holder may then be sold without registration in any ninety (90) day period pursuant to Rule 144 promulgated
under the Securities Act. 

  
 13 

 2.11. No Registration Rights to Third Parties. Without the prior written consent of the
holders of a majority of the Preferred Shares then outstanding, the Company covenants and agrees that it shall not grant, or cause or permit to be created, for the benefit of any person or entity any registration rights of any kind (whether similar
to the demand, “piggyback” or Form F-3 registration rights described in this Section 2, or otherwise) relating to any securities of the Company which are senior to, or on a parity with, those granted to the Holders of Registrable
Securities. 
 2.12. Rule 144 Reporting. With a view to making available to the Holders the benefits of certain rules and
regulations of the SEC which may at any time permit the sale of the Registrable Securities to the public without registration or pursuant to a registration on Form F-3, after such time as a public market exists for the Ordinary Shares, the Company
agrees to: 
 (a) Make and keep public information available, as those terms are understood and defined in Rule 144 under the Securities
Act, at all times after the effective date of the first registration under the Securities Act filed by the Company for an offering of its securities to the general public; 

(b) File with the SEC in a timely manner all reports and other documents required of the Company under the Securities Act and the Exchange
Act (at any time after it has become subject to such reporting requirements); and 
 (c) So long as a Holder owns any Registrable
Securities, to furnish to such Holder forthwith upon request (i) a written statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time after ninety (90) days after the effective date of the
Company’s initial public offering), the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), or its qualification as a registrant whose securities may be resold pursuant to Form F-3 (at
any time after it so qualifies), (ii) a copy of the most recent annual or quarterly report of the Company, and (iii) such other reports and documents of the Company as a Holder may reasonably request in availing itself of any rule or
regulation of the SEC that permits the selling of any such securities without registration or pursuant to Form F-3. 
 2.13. Market
Stand-Off. Each party agrees that, so long as it holds any voting securities of the Company, upon request by the Company or the underwriters managing the initial public offering of the Company’s securities, it will not sell or otherwise
transfer or dispose of any securities of the Company (other than those permitted to be included in the registration and other transfers to affiliates permitted by law) without the prior written consent of the Company or such underwriters, as the
case may be, for a period of time specified by the representative of the underwriters not to exceed 180 days from the effective date of the registration statement covering such initial public offering or the pricing date of such offering as may be
requested by the underwriters. The Company shall use commercially reasonable efforts to take all steps to shorten such lock-up period. The foregoing provision of this Section 2.13 shall not apply to the sale of any securities of the Company to
an underwriter pursuant to any underwriting agreement, and shall only be applicable to the Holders if all other shareholders of the Company enter into similar agreements, and if the Company or any underwriter releases any other shareholder from his,
her or its sale restrictions so undertaken, then each Holder shall be notified prior to such release and shall itself be simultaneously released to the same proportional extent. The Company shall require all future acquirers of the Company’s
securities to execute prior to a Qualified Initial Public Offering a market stand-off agreement containing substantially similar provisions as those contained in this Section 2.13. 

  
 14 

 3. RIGHT OF PARTICIPATION. 

3.1. General. The Investors and any holders of Preferred Shares to which rights under this Section 3 have been duly assigned in
accordance with Section 8 (hereinafter referred to as a “Participation Rights Holder”) shall have the right of first refusal to purchase such Participation Rights Holder’s Pro Rata Share (as defined below), of the New
Securities (as defined in Section 3.3) that the Company may from time to time issue after the date of this Agreement (the “Right of Participation”). 

3.2. Pro Rata Share. A Participation Rights Holder’s “Pro Rata Share” for purposes of the Right of Participation
is the ratio of (a) the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such Participation Rights Holder, to (b) the total number of Ordinary Shares (calculated on a fully-diluted and as-converted
basis) then outstanding immediately prior to the issuance of New Securities giving rise to the Right of Participation. 
 3.3. New
Securities. “New Securities” shall mean any Preferred Shares, Ordinary Shares or other voting shares of the Company and rights, options or warrants to purchase such Preferred Shares, Ordinary Shares and securities of any type
whatsoever that are, or may become, convertible or exchangeable into such Preferred Shares, Ordinary Shares or other voting shares, provided, however, that the term “New Securities” shall not include: 

(a) any Ordinary Shares (and/or options or warrants therefor) issued to employees, officers, directors, contractors, advisors or consultants
of the Company pursuant to the Company’s employee share option plans approved by the Board (including the approval of the Investor Directors); 

(b) any Preferred Shares issued under the Share Purchase Agreement, as such agreement may be amended and any Ordinary Shares issued pursuant
to the conversion thereof; 
 (c) any securities issued in connection with any share split, share dividend or other similar event in which
all Participation Rights Holders are entitled to participate on a pro rata basis; 
 (d) any securities issued upon the exercise,
conversion or exchange of any outstanding security if such outstanding security constituted a New Security; 
 (e) any securities issued
pursuant to a Qualified Initial Public Offering; 
 (f) any securities issued pursuant to the acquisition of another corporation or entity
by the Company by consolidation, merger, purchase of assets, or other reorganization approved by the Board and the shareholders pursuant to this Agreement and the Restated Articles in which the Company acquires, in a single transaction or series of
related transactions, all or substantially all assets of such other corporation or entity, or fifty percent (50%) or more of the equity ownership or voting power of such other corporation or entity; or 

(g) any securities that are excluded from New Securities approved by the Majority Preferred Holders. 

  
 15 

 3.4. Procedures. 

(a) First Participation Notice. In the event that the Company proposes to undertake an issuance of New Securities (in a single
transaction or a series of related transactions) which is approved by the Majority Preferred Holders, it shall give to each Participation Rights Holder written notice of its intention to issue New Securities (the “First Participation
Notice”), describing the amount and type of New Securities, the price and the general terms upon which the Company proposes to issue such New Securities. Each Participation Rights Holder shall have thirty (30) days from the date of
receipt of any such First Participation Notice to agree in writing to purchase such Participation Rights Holder’s Pro Rata Share of such New Securities for the price and upon the terms and conditions specified in the First Participation Notice
by giving written notice to the Company and stating therein the quantity of New Securities to be purchased (not to exceed such Participation Rights Holder’s Pro Rata Share). If any Participation Rights Holder fails to so agree in writing within
such thirty (30) days period to purchase such Participation Rights Holder’s full Pro Rata Share of an offering of New Securities, then such Participation Rights Holder shall forfeit the right hereunder to purchase that part of its Pro Rata
Share of such New Securities that it did not agree to purchase. 
 (b) Second Participation Notice; Oversubscription. If any
Participation Rights Holder fails or declines to exercise its Right of Participation in accordance with subsection (a) above, the Company shall promptly give notice (the “Second Participation Notice”) to other Participation
Rights Holders who exercised their Right of Participation (the “Right Participants”) in accordance with subsection (a) above. Each Right Participant, other than a Participation Rights Holder who fails or declines to exercise
its Right of Participation in accordance with subsection (a) above, shall have five (5) Business Days from the date of the Second Participation Notice (the “Second Participation Period”) to notify the Company of its desire
to purchase more than its Pro Rata Share of the New Securities, stating the number of the additional New Securities it proposes to buy (the “Additional Number”). Such notice may be made by telephone if confirmed in writing within in
two (2) Business Days. If, as a result thereof, such oversubscription exceeds the total number of the remaining New Securities available for purchase, each oversubscribing Right Participant will be cut back by the Company with respect to its
oversubscription to that number of remaining New Securities equal to the lesser of (x) the Additional Number and (y) the product obtained by multiplying (i) the number of the remaining New Securities available for subscription by
(ii) a fraction, the numerator of which is the number of Ordinary Shares (calculated on a fully-diluted and as-converted basis) held by such oversubscribing Right Participant and the denominator of which is the total number of Ordinary Shares
(calculated on a fully-diluted and as-converted basis) held by all the oversubscribing Right Participants. Each Right Participant shall be obligated to buy such number of New Securities as determined by the Company pursuant to this Section 3.4
and the Company shall so notify the Right Participants within fifteen (15) Business Days following the date of the Second Participation Notice. 

3.5. Failure to Exercise. Upon the expiration of the Second Participation Period, or in the event no Participation Rights Holder
exercises the Right of Participation within thirty (30) days following the issuance of the First Participation Notice, the Company shall have ninety (90) days thereafter to sell the New Securities described in the First Participation
Notice (with respect to which the Right of Participation hereunder were not exercised) at the same or higher price and upon non-price terms not materially more favorable to the purchasers thereof than specified in the First Participation Notice. In
the event that the Company has not issued and sold such New Securities within such ninety (90) day period, then the Company shall not thereafter issue or sell any New Securities without again first offering such New Securities to the
Participation Rights Holders pursuant to this Section 3. 

  
 16 

 3.6. Termination. The Right of Participation for each Participation Rights Holder shall
terminate upon a Qualified Initial Public Offering. 
 4. TRANSFER RESTRICTIONS. 

4.1. Certain Definitions. For purposes of this Section 4, “Ordinary Shares” means (i) the Company’s
outstanding Ordinary Shares, (ii) the Ordinary Shares issued or issuable upon conversion of the Company’s outstanding Preferred Shares, (iii) the Ordinary Shares issuable upon exercise of outstanding options or warrants and
(iv) the Ordinary Shares issuable upon conversion of any outstanding convertible securities; “Preferred Shareholder” means any holder of the Preferred Shares and its permitted assignees to whom its rights under this
Section 4 have been duly assigned in accordance with this Agreement; and “Ordinary Shareholder” means any holder of Ordinary Shares of the Company. 

4.2. Preferred Shareholders’ Right of First Refusal. Subject to Section 4.5 of this Agreement, if any Ordinary Shareholder
proposes to sell or transfer any Ordinary Shares held by it (the “Selling Shareholder”), then such Selling Shareholder shall promptly give written notice (the “Transfer Notice”) to the Company and each of the
Preferred Shareholder (the “Non-Selling Shareholders”) at least fifteen (15) Business Days (defined as any day other than a Saturday or Sunday on which banks are ordinarily open for business in New York City and in Hong Kong)
prior to such sale or transfer. The Transfer Notice shall describe in reasonable detail the proposed sale or transfer including, without limitation, the number of Ordinary Shares to be sold or transferred (the “Offered Shares”), the
nature of such sale or transfer, the consideration to be paid, and the name and address of each prospective purchaser or transferee. The Non-Selling Shareholders shall have an option for a period of five (5) Business Days from receipt of the
Transfer Notice to elect to purchase the Offered Shares at the same price and subject to the same terms and conditions as described in the Transfer Notice. The Non-Selling Shareholders may exercise such purchase option and purchase all or any
portion of the Offered Shares by notifying the Selling Shareholder in writing before expiration of such five (5) Business Days period as to the number of shares that it wishes to purchase. Each Non-Selling Shareholder will have the right,
exercisable upon written notice (the “Non-Selling Shareholder’s First Refusal Notice”) to the Selling Shareholder, the Company and each other Non-Selling Shareholder within five (5) Business Days after receipt of the
Transfer Notice (the “Non-Selling Shareholder’s First Refusal Period”) of its election to exercise its right of first refusal hereunder. The Non-Selling Shareholder’s First Refusal Notice shall set forth the number of
Offered Shares that such Non-Selling Shareholder wishes to purchase, which amount shall not exceed the First Refusal Allotment (as defined below) of such Non-Selling Shareholder. Such right of first refusal shall be exercised as follows: 

(a) First Refusal Allotment. Each Non-Selling Shareholder shall have the right to purchase that number of the Offered Shares
(the “First Refusal Allotment”) equivalent to the product obtained by multiplying the aggregate number of the Offered Shares by a fraction, the numerator of which is the number of Ordinary Shares (on an as-converted basis) held by
such Non-Selling Shareholder at the time of the transaction and the denominator of which is the total number of Ordinary Shares (on an as-converted basis) owned by all Non-Selling Shareholders at the time of the transaction who elect to participate
in the right of first refusal purchase. A Non-Selling Shareholder shall not have a right to purchase any of the Offered Shares unless it exercises its right of first refusal within the Non-Selling Shareholder’s First Refusal Period to purchase
all or any part of its First Refusal Allotment of the Offered Shares. To the extent that any Non-Selling Shareholder does not exercise its right of first refusal to the full extent of its First Refusal Allotment, the Selling Shareholder and the
exercising Non-Selling Shareholders shall, at the exercising Non-Selling Shareholders’ sole discretion, within five (5) days after the end of the Non-Selling Shareholder’s First Refusal Period, make such adjustment to the First
Refusal Allotment of each exercising Non-Selling Shareholder so that any remaining Offered Shares may be allocated to those Non-Selling Shareholders exercising their rights of first refusal on a pro rata basis. 

  
 17 

 (b) Purchase Price and Payment. The purchase price for the Offered Shares to be
purchased by the Non-Selling Shareholders exercising their right of first refusal will be the price set forth in the Transfer Notice, but will be payable as set forth below. If the purchase price in the Transfer Notice includes consideration other
than cash, the cash equivalent value of the non-cash consideration will be as previously determined by the Board (including the approval of the Investor Directors) in good faith, which determination will be binding upon the Company, the Selling
Shareholder and the Non-Selling Shareholders, absent fraud or error. Payment of the purchase price for the Offered Shares purchased by the Non-Selling Shareholders shall be made within ten (10) days following the date of the First Refusal
Expiration Notice (as defined in the Section 4.2(c) below) by wire transfer or check as directed by the Selling Shareholder. 

(c) Expiration Notice. Within ten (10) days after the expiration of the Non-Selling Shareholder’s First Refusal
Period, the Company will give written notice (the “First Refusal Expiration Notice”) to the Selling Shareholder and the Non-Selling Shareholders specifying either (i) that all of the Offered Shares were subscribed by the
Non-Selling Shareholders exercising their rights of first refusal, or (ii) that the Non-Selling Shareholders have not subscribed for all of the Offered Shares in which case the First Refusal Expiration Notice will specify the Co-Sale Pro Rata
Portion (as defined below) of the remaining Offered Shares for the purpose of the co-sale right of the holders of the Preferred Shares described in the Section 4.3 below. 

(d) Rights of a Selling Shareholder. If any Non-Selling Shareholder exercises its right of first refusal to purchase the
Offered Shares, then, upon the date the notice of such exercise is given by the Non-Selling Shareholder, the Selling Shareholder will have no further rights as a holder of such Offered Shares except the right to receive payment for such Offered
Shares from such Non-Selling Shareholder in accordance with the terms of this Agreement, and the Selling Shareholder will forthwith cause all certificate(s) evidencing such Offered Shares to be surrendered to the Company for transfer to such
Non-Selling Shareholder. 

  
 18 

 4.3. Preferred Shareholders’ Co-Sale Right. In the event that the Non-Selling
Shareholders have not exercised their right of first refusal with respect to any or all of the Offered Shares, then the remaining Offered Shares not subscribed for under the right of first refusal pursuant to Section 4.2 above shall be subject
to co-sale rights under this Section 4.3 and each Non-Selling Shareholder who have not exercised any of its right of first refusal with respect to the Offered Shares shall have the right, exercisable upon written notice to the Selling
Shareholder, the Company and each other Preferred Shareholder (the “Co-Sale Notice”) within five (5) Business Days after receipt of First Refusal Expiration Notice (the “Co-Sale Right Period”), to participate
in such sale of the Offered Shares on the same terms and conditions as set forth in the Transfer Notice. The Co-Sale Notice shall set forth the number of Ordinary Shares (on both an absolute and as-converted to Ordinary Shares basis) that such
participating Preferred Shareholder wishes to include in such sale or transfer, which amount shall not exceed the Co-Sale Pro Rata Portion (as defined below) of such Non-Selling Shareholder. To the extent one or more of the Non-Selling Shareholder
exercise such right of participation in accordance with the terms and conditions set forth below, the number of Ordinary Shares that such Selling Shareholder may sell in the transaction shall be correspondingly reduced. The co-sale right of each
Preferred Shareholder shall be subject to the following terms and conditions: 
 (a) Co-Sale Pro Rata Portion. Each
Non-Selling Shareholder may sell all or any part of that number of Ordinary Shares held by it that is equal to the product obtained by multiplying (x) the aggregate number of the Offered Shares subject to the co-sale right hereunder by
(y) a fraction, the numerator of which is the number of Ordinary Shares (on an as-converted basis) owned by such Non-Selling Shareholder at the time of the sale or transfer and the denominator of which is the combined number of Ordinary Shares
(on an as-converted basis) at the time owned by all Non-Selling Shareholders who elect to exercise their co-sale rights (if any Non-Selling Shareholder does not elect to exercise the co-sale right to the full extent then its Ordinary Shares (on
as-converted basis) for calculation in the numerator and denominator shall be proportionately reduced) and the Selling Shareholder (“Co-Sale Pro Rata Portion”). 

(b) Transferred Shares. Each participating Non-Selling Shareholder shall effect its participation in the sale by promptly
delivering to the Selling Shareholder for transfer to the prospective purchaser an executed instrument of transfer and one or more certificates, which represent: 

(i) the number of Ordinary Shares which such Non-Selling Shareholder elects to sell; 

(ii) that number of Preferred Shares which is at such time convertible into the number of Ordinary Shares that such Non-Selling Shareholder
elects to sell; provided in such case that, if the prospective purchaser objects to the allotment of Preferred Shares in lieu of Ordinary Shares, such Non-Selling Shareholder shall convert such Preferred Shares into Ordinary Shares and
deliver Ordinary Shares as provided in Subsection 4.3(b)(i) above. The Company agrees to make any such conversion concurrent with the actual transfer of such shares to the purchaser; or 

(iii) a combination of the above, together with an instruments of transfer duly executed by such participating Non-Selling Shareholder. 

  
 19 

 (c) Payment to Non-Selling Shareholder. The share certificate or certificates that
the participating Non-Selling Shareholder delivers to the Selling Shareholder pursuant to Section 4.3(b) shall be transferred to the prospective purchaser and the register of members shall be updated accordingly in consummation of the sale of
the Offered Shares pursuant to the terms and conditions specified in the Transfer Notice, and the Selling Shareholder shall concurrently therewith remit to such Non-Selling Shareholder that portion of the sale proceeds to which such Non-Selling
Shareholder is entitled by reason of its participation in such sale. To the extent that any prospective purchaser or purchasers prohibits such assignment or otherwise refuses to purchase any shares or other securities from a Non-Selling Shareholder
exercising its co-sale right hereunder, the Selling Shareholder shall not sell to such prospective purchaser or purchasers any Ordinary Shares unless and until, simultaneously with such sale, the Selling Shareholder shall purchase such shares or
other securities from such Non-Selling Shareholder. 
 (d) Right to Transfer. To the extent the Non-Selling Shareholders do
not elect to purchase, or to participate in the sale of, any or all of the Offered Shares subject to the Transfer Notice, the Selling Shareholder may, not later than ninety (90) days following delivery to the Company and each of the Non-Selling
Shareholders of the Transfer Notice, conclude a transfer of the Offered Shares covered by the Transfer Notice and not elected to be purchased by the Non-Selling Shareholders, which in each case shall be on substantially the same terms and conditions
as those described in the Transfer Notice. The Selling Shareholders shall cause any prospective purchaser of such shares to comply with this Agreement and Restated Articles, as maybe amended from time to time, to the fullest extent. Any proposed
transfer on terms and conditions which are materially different from those described in the Transfer Notice, as well as any subsequent proposed transfer of any Ordinary Shares by the Selling Shareholder, shall again be subject to the right of first
refusal of the Non-Selling Shareholders and the co-sale right of the Non-Selling Shareholder and shall require compliance by the Selling Shareholder with the procedures described in Sections 4.2 and 4.3 of this Agreement. 

4.4. Permitted Transfers. Notwithstanding anything to the contrary contained herein, the right of first refusal and co-sale rights of
the Preferred Shareholders as set forth in Section 4.2 and Section 4.3 above shall not apply to (a) any sale or transfer of Ordinary Shares to the Company pursuant to a repurchase right or right of first refusal held by the Company in
the event of a termination of employment or consulting relationship; and(b) any transfer to the parents, children or spouse, or to trusts for the benefit of such persons, of any Ordinary Shareholder for bona fide estate planning purposes (each
transferee pursuant to the foregoing subsections (a) and (b) a “Permitted Transferee”); provided that adequate documentation therefor is provided to the Preferred Shareholder to their satisfaction and that any such
Permitted Transferee agrees in writing to be bound by this Agreement in place of the relevant transferor; provided, further, that such transferor shall remain liable for any breach by such Permitted Transferee of any provision hereunder. 

4.5. Prohibited Transfers. Except for transfers by any Ordinary Shareholder to its Permitted Transferees as provided in
Section 4.4 above, none of the Ordinary Shareholders or their Permitted Transferees shall, without the prior written consent of the Majority Preferred Holders, sell, assign, transfer, pledge, hypothecate, mortgage, encumber or otherwise dispose
through one or a series of transactions any Company securities held by him to any person on or prior to a Qualified Initial Public Offering. Any attempt by a party to sell or transfer or dispose of Ordinary Shares in violation of this Section 4
shall be void and the Company hereby agrees it will not effect such a transfer or disposal nor will it treat any alleged transferee as the holder of such shares without the written consent of the Majority Preferred Holders. 

  
 20 

 4.6. Restriction on Transfer by Investors. Notwithstanding anything to the contrary,
Section 4.2, 4.3 and 4.5 shall not apply to any proposed transfer of Preferred Shares or Ordinary Shares issued or issuable upon conversion of the Preferred Shares by the Investors, without prejudice to the rights of the Investors to purchase
any Offered Shares to be transferred by any other shareholders pursuant to Section 4.2 and 4.3, provided that each Investor shall not, directly or indirectly, sell, transfer, or otherwise dispose of any shares of the Company to any Competitor.
For the purpose of this Agreement, the term “Competitor” shall mean any company that is engaged in the business of development, design, production and sales of the smart wristband, smart scale and smart watch, data service and data
analysis in respect of sports, medical treatment and health. 
 4.7. No Indirect Transfer Permitted. The shareholders specifically
agree that in the event the shares of the Company is held by the Founders indirectly through any holding entity (the “Holding Entity”) the restrictions with regard to the transfer of the Ordinary Shares as described under this
Section 4 shall apply equally to transfer of the shares of the Holding Entity, as if each of the provisions under this Section 4 has been repeated under this Section 4.7 with regard to transfer of the shares of the Holding Entity
except that the reference to the shares in the Company has been revised to refer to the shares in the Holding Entity, as applicable, so that the result of such restrictions on the indirect transfer of the shares in the Company by transferring the
shares in the Holding Entity is the same as if the Holding Entity directly transfer the relevant shares in the Company. 
 4.8. Legend.
 
 (a) Each certificate representing the Ordinary Shares shall be endorsed with the following legend: 

“THE SALE, PLEDGE, HYPOTHECATION OR TRANSFER OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE IS SUBJECT TO CERTAIN RESTRICTIONS ON
TRANSFER SET FORTH IN A SHAREHOLDERS AGREEMENT, A COPY OF WHICH MAY BE OBTAINED UPON WRITTEN REQUEST TO THE SECRETARY OF THE COMPANY.” 

(b) Each party agrees that the Company may instruct its transfer agent to impose transfer restrictions on the shares represented by
certificates bearing the legend referred to in Section 4.8(a) above to enforce the provisions of this Agreement and the Company agrees to promptly do so. The legend shall be removed upon termination of the provisions of this Section 4.

 4.9. Term. The provisions under this Section 4 shall terminate upon the earlier to occur of a Qualified Initial Public
Offering. 
 5. DRAG-ALONG RIGHT. 

5.1. At any time after the third anniversary of the Closing Date (as defined in the Share Purchase Agreement), if the Majority Preferred
Holders and the holders of a majority of the issued, outstanding Ordinary Shares (the “Dragging Shareholders”), approve a proposed Acquisition (as defined below), then, in any such event, upon written notice from the Dragging
Shareholders requesting them to do so, the other shareholders of the Company shall (i) vote, or give their written consent with respect to, all the Shares directly or indirectly held by them in favor of such proposed Acquisition and in
opposition of any proposal that could reasonably be expected to delay or impair the consummation of any such proposed Acquisition; (ii) refrain from exercising any dissenters’ rights or rights of appraisal under applicable law at any time
with respect to or in connection with such proposed Acquisition; and (iii) take all actions reasonably necessary to consummate the proposed Acquisition, including without limitation amending the then existing Memorandum and Articles of
Association of the Company; provided, however, the other shareholders of the Company may elect not to vote or give their consent with respect to, all the Shares directly or indirectly held by them in favor of such proposed Acquisition, but in
any such event, such other shareholders of the Company shall be obliged to purchase all the Ordinary Shares (on an as-converted basis) held by the Dragging Shareholders, under the same terms and conditions as offered by the prospective purchaser of
the proposed Acquisition. 

  
 21 

 5.2. For purposes of this Section 5, an “Acquisition” mean (i) a sale,
lease, transfer or other disposition of all or substantially all of the assets of the Company, (ii) a transfer or an exclusive licensing of all or substantially all of the intellectual property of the Company, (iii) a sale, transfer or
other disposition of a majority of the issued, outstanding share capital of the Company or a majority of the voting power of the Company; or (iv) a merger, consolidation or other business combination of the Company with or into any other
business entity in which the shareholders of the Company immediately after such merger, consolidation or business combination hold shares representing less than a majority of the voting power of the outstanding share capital of the surviving
business entity. 
 5.3. The provisions under this Section 5 shall be terminated upon the occurrence of a Qualified Initial Public
Offering. 
 6. REDEMPTION. 

6.1. Redemption by the Company. 

(1) Notwithstanding anything to the contrary herein, at any time after the earlier of (i) forty-eight (48) months after the Closing
Date (if the Company has not consummated a Qualified Initial Public Offering), or (ii) any material breach by the Group Companies, the Founders and/or the BVI Companies of any representatives, warranties or covenants of the Transaction
Documents, or (iii) any Redemption (as defined below) required by other Investors (the “Redemption Start Date for Series B Shares”), then subject to the applicable laws of the Cayman Islands and if so requested by any holder of
then issued, outstanding Series B Preferred Shares, the Company shall redeem all or part of the issued, outstanding Series B Preferred Shares of such holder in cash out of funds legally available therefor (the “Series B
Redemption”). The price at which each Series B Preferred Share shall be redeemed (the “Series B Redemption Price”) shall be the higher of (a) the result calculated in accordance with the following formula: 

IP × (112 %) N+ D, where 

IP = applicable Series B Preferred Share Issue Price (as defined below); 

N = a fraction the numerator of which is the number of calendar days between the date on which the Series B Preferred Shares are issued and the
relevant Redemption Date on which such Series B Preferred Share is redeemed and the denominator of which is 365; 
 D = all declared but
unpaid dividends on each Series B Preferred Share up to the relevant Redemption Date on which such Series B Preferred Share is redeemed, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications,
consolidations or mergers; or 

  
 22 

 (b) The fair market value of each Series B Preferred Share determined in accordance with the
assessment by the independent appraiser selected jointly by the Majority Series B Holders B and the Company, the cost of such appraisal to be equally borne by each holder of Series B Preferred Shares and the Company. 

If the Company does not have sufficient cash or funds legally available to redeem all of the Series B Preferred Shares required to be
redeemed, the Company shall effect the redemption on pro rata basis among the holders of Series B Preferred Shareholders requesting such redemption and the remainder shall be carried forward and redeemed as soon as the Company has legally available
funds to do so. 
 (2) Notwithstanding anything to the contrary herein, at any time after the earlier of (i) forty-eight
(48) months after January 17, 2014 (if the Company has not consummated a Qualified Initial Public Offering) , and (ii) any Redemption (as defined below) required by other Investors (the “Redemption Start Date for Series A
Shares”, together with Redemption Start Date for Series B Shares, the “Redemption Start Date”), then subject to the applicable laws of the Cayman Islands and if so requested by the Majority Series A Holders, the Company
shall redeem all or part of the issued, outstanding Series A Preferred Shares in cash out of funds legally available therefor (the “Series A Redemption”, together with the Series B Redemption, the “Redemption”). The
price at which each Series A Preferred Share shall be redeemed (the “Series A Redemption Price”, together with the Series B Redemption Price, the “Redemption Price”) shall be the higher of (a) the result
calculated in accordance with the following formula: 
 IP × (115 %) N+ D, where

 IP = Series A Preferred Share Issue Price (as defined below); 

N = a fraction the numerator of which is the number of calendar days between January 17, 2014 and the relevant Redemption Date on which
such Preferred Share is redeemed and the denominator of which is 365; 
 D = all declared but unpaid dividends on each Series A Preferred
Share up to the relevant Redemption Date on which such Preferred Share is redeemed, proportionally adjusted for share subdivisions, share dividends, reorganizations, reclassifications, consolidations or mergers; or 

(b) The fair market value determined in accordance with the assessment by the independent appraiser selected jointly by the Majority Series A
Holders and the Company, the cost of such appraisal to be equally borne by each holder of Series A Preferred Shares and the Company. 
 If
the Company does not have sufficient cash or funds legally available to redeem all of the Series A Preferred Shares required to be redeemed, the Company shall effect the redemption on pro rata basis among the holders of Series A Preferred
Shareholders requesting such redemption and the remainder shall be carried forward and redeemed as soon as the Company has legally available funds to do so. 

  
 23 

 (3) If the Company’s assets or funds which are legally available on the date that any
redemption payment under this Section 6.1 is due are insufficient to pay in full all redemption payments to be paid, those assets or funds which are legally available shall be first used to the extent permitted by applicable law to pay all
redemption payments due ratably for Series B Preferred Shares electing for redemption, in proportion to the full amounts to which such holders of Series B Preferred Shares to which such redemption payments are due would otherwise be respectively
entitled thereon. After all redemption payments due for Series B Preferred Shares that are requesting for redemption have been paid and there are still assets or fund legally available (“Remaining Funds”), such Remaining Funds shall
be then used to the extent permitted by applicable law to pay all redemption payments due ratably for Series A Preferred Shares electing for redemption, in proportion to the full amounts to which such holders of Series A Preferred Shares to which
such redemption payments are due would otherwise be respectively entitled thereon. 
 6.2. Notice. A notice of redemption (a
“Redemption Notice”) by such holder of the Preferred Shares requesting to be redeemed shall be given by hand or by mail to the Company at any time on or after the Redemption Start Date stating the date on which such Preferred Shares
are to be redeemed (the “Redemption Date”), provided, however, that the Redemption Date shall be no earlier than the date which is 30 days after such notice of redemption is given. Upon receipt of any such request, the Company shall
promptly give written notice of the redemption request to each non-requesting holder of record of such Preferred Shares entitled to be redeemed stating the existence of such request, the Redemption Price, the Redemption Date and the mechanics of
redemption. Notwithstanding anything to the contrary contained herein, no other securities of the Company shall be redeemed unless and until the Company shall have redeemed all of the Preferred Shares requested to be redeemed pursuant to this
Section 6 and shall have paid all the Redemption Price for such Preferred Shares requested to be redeemed payable pursuant to this Section 6. 

6.3. Surrender of Certificates. Before any holder of Preferred Shares shall be entitled for redemption under the provisions of this
Section 6, such holder shall surrender his or her certificate or certificates representing such Preferred Shares to be redeemed to the Company in the manner and at the place designated by the Company for that purpose, and the Redemption Price
shall be payable on the Redemption Date to the order of the person whose name appears on such certificate or certificates as the owner of such shares and each such certificate shall be cancelled on the Redemption Date. In the event less than all the
shares represented by any such certificate are redeemed, a new certificate shall be promptly issued representing the unredeemed shares. Unless there has been a default in payment of the applicable Redemption Price, upon cancellation of the
certificate representing such Preferred Shares to be redeemed, all dividends on such Preferred Shares designated for redemption on the relevant Redemption Date shall cease to accrue and all rights of the holders thereof, except the right to receive
the Redemption Price thereof (including all accrued and unpaid dividend up to the relevant redemption date), without interest, shall cease and terminate and such Preferred Shares shall cease to be issued shares of the Company. If the Company fails
to redeem any Preferred Shares for which redemption is requested, then during the period from the Redemption Date through the date on which such Preferred Shares are actually redeemed and the Redemption Price is actually made, in full, such
Preferred Shares shall continue to be outstanding and be entitled to all rights and preferences of Preferred Shares. After payment in full of the aggregate Redemption Price for all issued, outstanding Preferred Shares, all rights of the holders
thereof as shareholders of the Company shall cease and terminate and such Preferred Shares shall be cancelled. 

  
 24 

 6.4. Restriction on Distribution. If the Company fails (for whatever reason) to redeem any
Preferred Shares on its due date for redemption then, as from such date until the date on which the same are redeemed, the Company shall not declare or pay any dividend nor otherwise make any distribution of or otherwise decrease its profits
available for distribution. 
 6.5. To the extent permitted by law, the Company shall procure that the profits of each subsidiary and
affiliate of the Company for the time being legally available for distribution shall be paid to it by way of dividend or otherwise if and to the extent that, but for such payment, the Company would not itself otherwise have sufficient profits
available for distribution to make any redemption of Preferred Shares required to be made pursuant to this Section 6. 
 7. LIQUIDATION.  

7.1. Liquidation Preference. In the event of any liquidation, dissolution or winding up of the Company, either voluntary or involuntary,
the holders of the Series B Preferred Shares shall be entitled to receive, prior to any distribution to the holders of the Series A Preferred Shares and the Ordinary Shares or any other class or series of shares then issued, outstanding, an amount
per Series B Preferred Share equal to one hundred and fifty percent (150%) of the applicable Series B Preferred Share Issue Price (the “Series B Preferred Share Preference Amount”). If the Company has insufficient assets to
permit payment of the Series B Preferred Share Preference Amount in full to all holders of Series B Preferred Shares, then the assets of the Company shall be distributed ratably to the holders of the Series B Preferred Shares in proportion to the
full Series B Preferred Share Preference Amount each such holder of Series B Preferred Shares would otherwise be entitled to receive under this Section 7.1. After the full Series B Preferred Share Preference Amount on all issued, outstanding
Series B Preferred Shares has been paid, the holders of the Series A Preferred Shares shall be entitled to receive, prior to any distribution to the holders of the Ordinary Shares or any other class or series of shares then issued, outstanding, an
amount per Series A Preferred Share equal to one hundred and fifty percent (150%) of the Series A Preferred Share Issue Price (the “Series A Preferred Share Preference Amount”, together with the Series B Preferred Share
Preference Amount, the “Preferred Share Preference Amount”). If the Company has insufficient assets to permit payment of the Series A Preferred Share Preference Amount in full to all holders of Series A Preferred Shares, then the
assets of the Company shall be distributed ratably to the holders of the Series A Preferred Shares in proportion to the full Series A Preferred Share Preference Amount each such holder of Series A Preferred Shares would otherwise be entitled to
receive under this Section 7.1. After the full Preferred Share Preference Amount on all issued, outstanding Preferred Shares has been paid, any remaining funds or assets of the Company legally available for distribution to shareholders shall be
distributed on a pro rata, pari passu basis among the holders of the Preferred Shares (on an as-converted basis), together with the holders of the Ordinary Shares. For purpose of this Agreement, the “Series A Preferred Share Issue
Price” shall mean US$ 0.0342 per share, and “Series B Preferred Share Issue Price” shall mean US$ 1.59125 per share for each Series B-1 Preferred Shares or US$ 1.6750 per share for each Series B-2 Preferred
Shares, as applicable, in each case as appropriately adjusted for any share split, share division, share combination, share dividend or similar events. 

  
 25 

 7.2. For the purpose of this Section 7, (i) any acquisition of the Company (whether by
a sale of equity, merger or consolidation) in which in excess of 50% of the Company’s voting power outstanding before such transaction is transferred, or (ii) a sale of all or substantially all the Company’s assets and no substantial
business operations will be continued by the Company (the “Liquidation Event”), shall be deemed a liquidation, dissolution or winding up of the Company, such that the provision of Section 7.1 shall apply as if all consideration
received by the Company and its shareholders in connection with such event were being distributed in a liquidation of the Company. If the requirements of this Section 7 are not complied with, the Company shall forthwith either (i) cause
such closing to be postponed until such time as the requirements of this Section 7 have been complied with, or (ii) cancel such transaction. 

7.3. Notwithstanding any other provision of this Section 7, the Company may, out of funds legally available therefor and subject to
compliance with the provisions of the applicable laws of the Cayman Islands, repurchase Ordinary Shares of the Company issued to or held by employees, officers or consultants of the Company or its subsidiaries upon termination of their employment or
services, pursuant to any bona fide agreement providing for such right of repurchase, whether or not dividends on the Preferred Shares shall have been declared. 

7.4. In the event the Company proposes to distribute assets other than cash in connection with any liquidation, dissolution or winding up of
the Company, the value of the assets to be distributed to the holders of Preferred Shares and Ordinary Shares shall be that as determined in good faith by the liquidator or, in the case of any proposed distribution in connection with a Liquidation
Event, by the Board, which decision shall include the affirmative vote from the Investors Directors. Any securities not subject to investment letter or similar restrictions on free marketability shall be valued as follows: 

(i) If traded on a securities exchange, the value shall be deemed to be the average of the security’s closing prices on
such exchange over the thirty (30) day period ending one (1) day prior to the distribution; 
 (ii) If actively
traded over-the-counter, the value shall be deemed to be the average of the closing bid prices over the thirty (30) day period ending three (3) days prior to the distribution; and 

(iii) If there is no active public market, the value shall be the fair market value thereof as determined in good faith by the
liquidator or, in the case of any proposed distribution in connection with a transaction which is a Liquidation Event hereunder, by the Board. 

The method of valuation of securities subject to restrictions on free marketability shall be adjusted to make an appropriate discount from the
market value determined as above in clauses (i), (ii) or (iii) to reflect the fair market value thereof as determined in good faith by the liquidator or, in the case of any proposed distribution in connection with a transaction which is a
Liquidation Event hereunder, by the Board. The Majority Preferred Holders shall have the right to challenge any determination by the liquidator or the Board, as the case may be, of fair market value pursuant to this Section 7, in which case the
determination of fair market value shall be made by an independent appraiser selected jointly by the liquidator or the Board, as the case may be, and the challenging parties, the cost of such appraisal to be borne equally by the Company and the
challenging party. 

  
 26 

 7.5 Notwithstanding the foregoing, the Liquidation Preference for holders of the Preferred Shares
shall terminate upon consummation of a Qualified Initial Public Offering. 
 8. ASSIGNMENT AND AMENDMENT.  

8.1. Assignment and Amendment. Notwithstanding anything herein to the contrary: 

(a) Information Rights; Registration Rights. The Information and Inspection Rights under Section 1.1 may be assigned to any
holder of Preferred Shares; and the registration rights of the Holders under Section 2 may be assigned to any Holder or to any person acquiring Registrable Securities, provided, however, that in either case no party may be assigned any
of the foregoing rights unless the Company is given written notice by the assigning party stating the name and address of the assignee and identifying the securities of the Company as to which the rights in question are being assigned; provided
further, that any such assignee shall receive such assigned rights subject to all the terms and conditions of this Agreement, including without limitation the provisions of this Section 8. 

(b) Right of Participation; Right of First Refusal; Co-Sale Right; Drag-along Right. The rights of the Preferred Shareholder
under Sections 3 to Section 5 are fully assignable in connection with a transfer of shares of the Company by such Preferred Shareholder subject to the restrictions set forth therein; provided, however, that no party may be assigned any of the
foregoing rights unless the Company is given written notice by the Preferred Shareholder stating the name and address of the assignee and identifying the securities of the Company as to which the rights in question are being assigned; and
provided further, that any such assignee shall receive such assigned rights subject to all the terms and conditions of this Agreement. 

8.2. Amendment of Rights. Any provision in this Agreement may be amended and the observance thereof may be waived (either generally or
in a particular instance and either retroactively or prospectively), only by the written consent of (i) as to the Company, only by the Company; (ii) as to the holders of the Series A Preferred Shares, by the Majority Series A Holders;
provided, however, that any holder of the Series A Preferred Shares may waive any of its rights hereunder without obtaining the consent of any other holders of the Series A Preferred Shares; (iii) as to the holders of the Series B
Preferred Shares, one hundred percent (100%) of the Series B Preferred Shares; provided, however, that any holder of the Series B Preferred Shares may waive any of its rights hereunder without obtaining the consent of any other holders
of the Series B Preferred Shares; and (iv) as to the holders of Ordinary Shares, by the holders of more than a majority of the Ordinary Shares; provided, however, that any holder of Ordinary Shares may waive any of its rights hereunder
without obtaining the consent of any other holders of Ordinary Shares. Any amendment or waiver effected in accordance with this Section 8.2 shall be binding upon the Company, the Investors, the holders of Ordinary Shares and their respective
assigns. 
 9. CONFIDENTIALITY AND NON-DISCLOSURE. 

9.1. Disclosure of Terms. The terms and conditions of this Agreement and the Share Purchase Agreement, and all exhibits attached to such
agreements (collectively, the “Financing Terms”), including their existence, shall be considered confidential information and shall not be disclosed by any party hereto to any third party except in accordance with the provisions set
forth below; provided that such confidential information shall not include any information that is in the public domain other than caused by the breach of the confidentiality obligations hereunder. 

  
 27 

 9.2. Press Releases, Etc. Any press release issued by the Company shall not disclose any
of the Financing Terms and the final form of such press release shall be approved in advance in writing by the Majority Preferred Holders. No other announcement regarding any of the Financing Terms in a press release, conference, advertisement,
announcement, professional or trade publication, mass marketing materials or otherwise to the general public may be made without the prior written consent of Majority Preferred Holders. 

9.3. Permitted Disclosures. Notwithstanding the foregoing, any party may disclose any of the Financing Terms to its current or bona
fide prospective investors, employees, investment bankers, lenders, partners, accountants and attorneys, in each case only where such persons or entities have the need to know such information and are subject to appropriate nondisclosure
obligations. Without limiting the generality of the foregoing, the Investors shall be entitled to disclose the Financing Terms for the purposes of fund reporting or inter-fund reporting or to their fund manager, other funds managed by their fund
manager and their respective auditors, counsel, directors, officers, employees, shareholders or investors. 
 9.4. Legally Compelled
Disclosure. In the event that any party is requested or becomes legally compelled (including without limitation, pursuant to securities laws and regulations) to disclose the existence of this Agreement and the Share Purchase Agreement, any of
the exhibits attached to such agreements, or any of the Financing Terms hereof in contravention of the provisions of this Section 9, such party (the “Disclosing party”) shall provide the other parties (the
“Non-Disclosing Parties”) with prompt written notice of that fact and use all reasonable efforts to seek (with the cooperation and reasonable efforts of the other parties) a protective order, confidential treatment or other
appropriate remedy. In such event, the Disclosing party shall furnish only that portion of the information which is legally required to be disclosed and shall exercise reasonable efforts to keep confidential such information to the extent reasonably
requested by any Non-Disclosing party. 
 9.5. Other Information. The provisions of this Section 9 shall be in addition to, and
not in substitution for, the provisions of any separate nondisclosure agreement executed by any of the parties with respect to the transactions contemplated hereby. 

9.6. Notices. All notices required under this section shall be made pursuant to Section 11.1 of this Agreement. 

10. PROTECTIVE PROVISIONS. 
 10.1. In
addition to such other limitations as may be provided in the Restated Articles, subject to matters requiring approval by Special Resolution (as defined in the Restated Articles), for so long as any Preferred Shares are issued and outstanding, the
following acts of the Group Companies shall require the prior written approval of the Majority Preferred Holders (for purpose of this Section 10.1, the term “Company”, to the extent applicable, includes the Company, the HK Company,
the U.S. Company, the WFOE, the Domestic Companies and any of their direct or indirect subsidiaries): 
 (a) any merger, consolidation or
amalgamation of any Group Company with any other entity or entities or any spin-off, sub-division, or any other transaction or series of transactions in which in excess of 50% of the Company’s voting power is transferred or in which all or
substantially all of the assets of the Company are sold or all or substantially all of the intellectual properties are licensed, or other forms of restructuring of any Group Company; 

  
 28 

 (b) any liquidation, dissolution or winding up of any Group Company or other forms of ceasing to
conduct or carry on its business substantially as now conducted by the Company and the other Group Companies, change of any material part of its business or enter into business that is outside the Business; 

(c) any change to the Memorandum and Articles of Association or other charter documents of the Company, any increase or decrease of the
capital of Company, or any action that changes the organization form or the Business of the Company; 
 (d) any increase or decrease of the
authorized size of the board of directors of any Group Company, amend the rules of appointing the directors as provided herein; 
 (e) any
declaration or payment of any dividend; 
 (f) any adoption, amendment or termination of any employ stock or option incentive plan or any
other equity bonus or incentive, purchase or participation plan or other similar plans for the benefit of employees, officers, directors, contractors, advisors or consultants and any issuance of any options or shares under such plan; 

(g) any creation or exercise of any liquidation preference right; 

(h) any appointment or replacement or the approval of the compensation of the CEO, COO, CFO, CTO of the Group Company; 

(i) any amendment or change of the rights, preferences, privileges or powers of, or the restrictions provided for the benefit of, the
Preferred Shares; 
 (j) any action that authorizes, creates or issues any class of shares of the capital of the Company having preferences
superior to or on a parity with the Preferred Shares; 
 (k) any action that reclassifies any outstanding shares into shares having
preferences or priority superior to or on a parity with the preference of the Preferred Shares; 
 (l) any appointment, replacement or
removal of the auditor or any material alteration of the fiscal year or auditing policy of any Group Company; 
 (m) any action that
creates, authorizes, reclassifies, issues, repurchases or redeems any shares or any securities of the Company, excluding (a) any issuance of Ordinary Shares upon conversion of the Preferred Shares, and (b) pursuant to the terms under
employee incentive plans approved by the board, the issuance or repurchase of such employee equity incentive stocks (or options or warrants therefor); 

  
 29 

 (n) any approval or material amendment of the Company’s annual budget or business plan, any
transaction outside the approved annual budget or business plan of any Group Company; 
 (o) any incurrence of transaction of any Group
Company which is not in the ordinary course of business; 
 (p) any loans or financial instruments outside the trade loans from the banks
and financial institutions in the ordinary business course of the Company; 
 (q) any action that creates or approves the issuance of bond
on the guarantee, charge, lien or indemnity warranty upon all or part of the business, assets or privileges of the Company, excluding the bond provided to the bank or any other financial institution for any single or a series loan in an amount less
than US$ 5,000,000 in the ordinary business course of the Company; 
 (r) any transfer, creation of pledge on, disposing of or licensing to
any third party any patent, brand, copyright, trademark or any intellectual property of the Group Company; 
 (s) any resolutions approving
the business operation ceasing of the Group Companies, acquisition, restructuring or liquidation of any Group Company; or any resolutions regarding the appointment of the receiver, administrator, legal administrator or other similar staff of the
Group Companies; 
 (t) approval, amendment or adjustment of any transaction between (i) any Group Company and (ii) any
shareholder or the director, officer or employee of any Group Company or their associates and affiliates, including without limitation, providing any loans or guarantee, charge, lien or indemnity warranty for loans of any shareholder or the
director, officer or employee of any Group Company or their associates and affiliates in favour of any party aforesaid; 
 (u) any action
that establish the brand for any other company; 
 (v) any action that disposes or dilutes any equity interest held by the Group Companies,
of any other companies; 
 (w) any approval of the transfer of the shares of the Company; 

(x) the increase in compensation of any of the five (5) most highly compensated employees of the Company with monthly salary by more
than one hundred percent (100%) in a twelve (12) month period; 
 (y) instituting or settlement of any actions, disputes,
arbitration or the similar proceedings of the Group Companies which has material effect to the Group Companies; 
 (z) any other event
which may negatively affect the rights, preferences, privileges or powers of the Investors herein; and 
 (aa) agree or commit to do any of
the foregoing. 

  
 30 

 Notwithstanding anything to the contrary contained herein, where any act listed in clauses
(a) through (aa) above requires a Special Resolution (as defined in the Restated Articles) of the Members of the Company in accordance with the Law (as defined in the Restated Articles), and if the Members vote in favor of such act but the
approval of the Majority Preferred Holders has not yet been obtained, then each holder of Preferred Shares at a meeting of the shareholders shall have 10 times the voting rights of each Member who votes in favor of such resolution. 

10.2. In addition to such other limitations as may be provided in the Restated Articles, for so long as any Preferred Shares are outstanding,
any purchase or investment by any Group Company of equity securities of, or any securities convertible into equity securities of, any other entities, in excess of US$1,500,000 in a single transaction, or US$3,000,000 in a series of transaction in
any fiscal year, shall require the prior written approval of any of the Investor Directors. 
 11. GENERAL PROVISIONS. 

11.1. Notices. Except as may be otherwise provided herein, all notices, requests, waivers and other communications made pursuant to this
Agreement shall be in writing and shall be conclusively deemed to have been duly given (a) when hand delivered to the other party, upon delivery; (b) when sent by facsimile at the number set forth in Exhibit A hereto, upon receipt
of confirmation of error-free transmission; (c) seven (7) Business Days after deposit in the mail as air mail or certified mail, receipt requested, postage prepaid and addressed to the other party as set forth in Exhibit A; or
(d) three (3) Business Days after deposit with an international overnight delivery service, postage prepaid, addressed to the parties as set forth in Exhibit A with next Business Day delivery guaranteed, provided that the sending
party receives a confirmation of delivery from the delivery service provider. Each person making a communication hereunder by facsimile shall promptly confirm by telephone to the person to whom such communication was addressed each communication
made by it by facsimile pursuant hereto but the absence of such confirmation shall not affect the validity of any such communication. A party may change or supplement the addresses given above, or designate additional addresses, for purposes of this
Section 11.1 by giving the other party written notice of the new address in the manner set forth above. 
 11.2. Entire
Agreement. This Agreement and the Share Purchase Agreement, the Restricted Share Agreement, any Ancillary Agreements (as defined in the Share Purchase Agreement), together with all the exhibits hereto and thereto, constitute and contain the
entire agreement and understanding of the parties with respect to the subject matter hereof and supersedes any and all prior negotiations, correspondence, agreements, understandings, duties or obligations between the parties respecting the subject
matter hereof. Capitalized terms which are not defined hereinto shall have the same meaning as such in the Share Purchase Agreement. 

11.3. Governing Law. This Agreement shall be governed by and construed exclusively in accordance with the laws of the Hong Kong without
regard to principles of conflicts of law thereunder. 
 11.4. Severability. If any provision of this Agreement is found to be invalid
or unenforceable, then such provision shall be construed, to the extent feasible, so as to render the provision enforceable and to provide for the consummation of the transactions contemplated hereby on substantially the same terms as originally set
forth herein, and if no feasible interpretation would save such provision, it shall be severed from the remainder of this Agreement, which shall remain in full force and effect unless the severed provision is essential to the rights or benefits
intended by the parties. In such event, the parties shall use best efforts to negotiate, in good faith, a substitute, valid and enforceable provision or agreement which most nearly effects the parties’ intent in entering into this Agreement.

  
 31 

 11.5. Third Parties. Nothing in this Agreement, express or implied, is intended to confer
upon any person, other than the parties hereto and their permitted successors and assigns any rights or remedies under or by reason of this Agreement. 

11.6. Successors and Assigns. Subject to the provisions of Section 8.1, the provisions of this Agreement shall inure to the
benefit of, and shall be binding upon, the successors and permitted assigns of the parties hereto. 
 11.7. Interpretation; Captions.
This Agreement shall be construed according to its fair language. The rule of construction to the effect that ambiguities are to be resolved against the drafting party shall not be employed in interpreting this Agreement. The captions to sections of
this Agreement have been inserted for identification and reference purposes only and shall not be used to construe or interpret this Agreement. Unless otherwise expressly provided herein, all references to Sections and Exhibits herein are to
Sections and Exhibits of this Agreement. 
 11.8. Counterparts. This Agreement may be executed (including facsimile signature) in
counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. 
 11.9.
Adjustments for Share Splits, Etc. Wherever in this Agreement there is a reference to a specific number of shares of Preferred Shares or Ordinary Shares of the Company, then, upon the occurrence of any subdivision, combination or share
dividend of the Preferred Shares or Ordinary Shares, the specific number of shares so referenced in this Agreement shall automatically be proportionally adjusted to reflect the effect on the issued, outstanding shares of such class or series of
shares by such subdivision, combination or share dividend. 
 11.10. Aggregation of Shares. All Preferred Shares or Ordinary Shares
held or acquired by affiliated entities or persons (as defined in Rule 144 under the Securities Act) shall be aggregated together for the purpose of determining the availability of any rights under this Agreement. 

11.11. Shareholders Agreement to Control. If and to the extent that there are inconsistencies between the provisions of this Agreement
and those of the Restated Articles, the terms of this Agreement shall prevail as between the HK Company, the US Company, the WFOE, the Domestic Companies, the Founders and the Investors only, who hereby undertake to take all actions necessary or
advisable, as promptly as practicable after the discovery of such inconsistency, to amend the Restated Articles so as to eliminate such inconsistency. 

11.12. Dispute Resolution. 

(a) Negotiation Between Parties. The parties agree to negotiate in good faith to resolve any dispute between them regarding
this Agreement. If the negotiations do not resolve the dispute to the reasonable satisfaction of all parties within thirty (30) days, Section 11.12(b) shall apply. 

  
 32 

 (b) Arbitration. In the event the parties are unable to settle a dispute between
them regarding this Agreement in accordance with subsection (a) above, such dispute shall be referred to and finally settled by arbitration at the International Chamber of Commerce – Hong Kong, China (the “ICC-HK”) for
arbitration in Hong Kong. The arbitration shall be conducted in accordance with the ICC Arbitration Rules in force at the time of the initiation of the arbitration, which rules are deemed to be incorporated by reference into this subsection (b), the
arbitral tribunal shall comprise three arbitrators, and the arbitral language shall be English. 
 11.13. Further Actions. Each
shareholder of the Company agrees that it shall use its best effort to enhance and increase the value and principal business of the Company. 

11.14. Effective Date. This Agreement should only take effect and become binding on and enforceable against the parties hereto subject
to and upon the Closing of the Share Purchase Agreement. 
 11.15. Definition of Affiliate. For the Purpose of this Agreement,
except as other provided therein, the term “Affiliate” means, with respect to any individual, corporation, partnership, association, trust, or any other entity (in each case, a “Person”), any Person which, directly
or indirectly, controls, is controlled by or is under common control with such Person, including, without limitation any member, general partner, officer or director of such Person and any venture capital fund now or hereafter existing which is
controlled by or under common control with one or more general partners or shares the same management company with such Person. Notwithstanding the foregoing, the parties acknowledge and agree that (a) the name “Sequoia
Capital” is commonly used to describe a variety of entities (collectively, the “Sequoia Entities”) that are affiliated by ownership or operational relationship and engaged in a broad range of activities related to investing
and securities trading and (b) notwithstanding any other provision of this Agreement to the contrary, this Agreement shall not be binding on, or restrict the activities of, any (i) Sequoia Entity outside of the Sequoia China Sector Group
or (ii) entity primarily engaged in investment and trading in the secondary securities market. For purposes of the foregoing, the “Sequoia China Sector Group” means all Sequoia Entities (whether currently existing or formed in
the future) that are principally focused on companies located in, or with connections to, the People’s Republic of China. 

  
 33 

 11.16. The Company shall use its commercially reasonable best efforts to avoid future status of
the Company or any of its Subsidiaries as a PFIC. Within forty-five (45) days from the end of each taxable year of the Company, the Company shall determine, in consultation with a reputable accounting firm, whether the Company or any of its
Subsidiaries was a PFIC in such taxable year (including whether any exception to PFIC status may apply) or if there is a likelihood of any such entity being classified as a PFIC for any taxable year. If the Company determines that the Company or any
of its Subsidiaries was a PFIC in such taxable year (or if a Governmental Authority or an Investor, on advice of counsel, informs the Company that it has so determined) or that there is a likelihood of any such entity being classified as a PFIC for
any taxable year, it shall, within sixty (60) days from the end of such taxable year, notify each holder of Preferred Shares such status or risk, as the case maybe, and provide the following information to each direct or indirect holder of
Preferred Shares (a “PFIC Shareholder”): (i) all information reasonably available to the Company to permit such PFIC Shareholder to (a) accurately prepare its US tax returns and comply with any other reporting requirements
, if any, arising from its investment in the Company and relating to the Company or any of its Subsidiaries’ classification as a PFIC and (b) make any election (including, without limitation, a “qualified electing fund” election
under Section 1295 of the Code), with respect to the Company (or any of its Subsidiaries); and (ii) a completed “PFIC Annual Information Statement” as described under Treasury Regulation Section 1.1295-1(g). The Company
shall be required to provide the information described above to an Investor only if such Investor requests in writing that the Company provide such information to such Investor. 

[SIGNATURES ON FOLLOWING PAGE] 

  
 34 

 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized
representatives to execute this Agreement as of the date and year first above written. 
  

			
	THE COMPANY
	
	Huami Corporation
		
	By:	 	 /s/ Huang Wang

	Name:	 	Huang Wang

	Title:	 	Director
	
	THE COMPANY
	
	Huami HK Limited
		
	By:	 	 /s/ Huang Wang

	Name:	 	Huang Wang

	Title:	 	Director

 HUAMI - SIGNATURE PAGE OF SHAREHOLDERS AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized
representatives to execute this Agreement as of the date and year first above written. 
  

			
	THE BVI COMPANIES
	
	HHtech Holdings Limited
		
	By:	 	 /s/ Huang Wang

	Name:	 	Huang Wang

	Title:	 	Director
	
	Haiyu Holding Limited
		
	By:	 	 /s/ Lu Yunfen

	Name:	 	Lu Yunfen

	Title:	 	Director
	
	Fandler Holding Limited
		
	By:	 	 /s/ Fan Meihui

	Name:	 	Fan Meihui

	Title:	 	Director
	
	Forest Mountain Holding Limited
		
	By:	 	 /s/ Fan Bin

	Name:	 	Fan Bin

	Title:	 	Director
	
	Wenshui Holding Limited
		
	By:	 	 /s/ Zhang Yi

	Name:	 	Zhang Yi

	Title:	 	Director
	
	Shu Hill Holding Limited
		
	By:	 	 /s/ Zhang Xiaojun

	Name:	 	Zhang Xiaojun

	Title:	 	Director

 HUAMI - SIGNATURE PAGE OF SHAREHOLDERS AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized
representatives to execute this Agreement as of the date and year first above written. 
  

			
	THE PRC COMPANIES
	
	Huami (Beijing) Information Technology Co., Ltd.

	
	Company seal: /s/ Huami (Beijing) Information Technology Co., Ltd.
		
	By:	 	 /s/ Huang Wang

	Name:	 	Huang Wang

	Title:	 	Legal Representative
	
	Anhui Huami Information Technology Co., Ltd.

	Company seal: /s/ Anhui Huami Information Technology Co., Ltd.
		
	By:	 	 /s/ Huang Wang

	Name:	 	Huang Wang

	Title:	 	Legal Representative
	
	Shunyuan Kaihua (Beijing) Technology Co., Ltd.

	Company seal: /s/ Shunyuan Kaihua (Beijing) Technology Co., Ltd.
		
	By:	 	 /s/ Huang Wang

	Name:	 	Huang Wang

	Title:	 	Legal Representative

 HUAMI - SIGNATURE PAGE OF SHAREHOLDERS AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized
representatives to execute this Agreement as of the date and year first above written. 
  

			
	THE FOUNDERS
	
	 /s/ Huang Wang

	Name:     Huang Wang

	
	 /s/ Lu Yunfen

	Name:     Lu Yunfen

	
	 /s/ Fan Meihui

	Name:     Fan Meihui

	
	 /s/ Fan Bin

	Name:     Fan Bin

	
	 /s/ Zhang Yi

	Name:     Zhang Yi

	
	 /s/ Zhang Xiaojun

	Name:     Zhang Xiaojun

 HUAMI - SIGNATURE PAGE OF SHAREHOLDERS AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized
representatives to execute this Agreement as of the date and year first above written. 
  

			
	THE INVESTORS
	
	People Better Limited
		
	By:	 	 /s/ Lei Jun

	Name:	 	Lei Jun
	Title:	 	Director
	
	Shunwei High Tech Limited
		
	By:	 	 /s/ Tuck Lye Koh

	Name:	 	Tuck Lye Koh
	Title:	 	Director
	
	Banyan Capital Holdings Co., Ltd.
		
	By:	 	 /s/ Anthony Wu

	Name:	 	Anthony Wu
	Title:	 	Authorized Signatory
	
	SCC Venture V Holdco I. Ltd.
		
	By:	 	 /s/ YU Shan

	Name:	 	YU Shan
	Title:	 	Authorized Signatory

 HUAMI - SIGNATURE PAGE OF SHAREHOLDERS AGREEMENT 

 IN WITNESS WHEREOF, the parties hereto have caused their respective duly authorized
representatives to execute this Agreement as of the date and year first above written. 
  

			
	THE INVESTORS
	
	MORNINGSIDE CHINA TMT SPECIAL OPPORTUNITY FUND, L.P.
a Cayman Islands exempted limited partnership
		
	By:	 	
	MORNINGSIDE CHINA TMT GP III, L.P.,
a Cayman Islands exempted limited partnership, its general partner
		
	By:	 	
	TMT GENERAL PARTNER LTD.,
a Cayman Islands limited company, its general partner
		
	By:	 	 /s/ Louise Mary Garbarino

	Name:	 	Louise Mary Garbarino
	Title:	 	Authorized Signatory
	
	MORNINGSIDE CHINA TMT FUND III CO-INVESTMENT, L.P.,
a Cayman Islands exempted limited partnership, its general partner
		
	By:	 	
	MORNINGSIDE CHINA TMT GP III, L.P.,
a Cayman Islands exempted limited partnership, its general partner
		
	By:	 	
	TMT GENERAL PARTNER LTD.,
a Cayman Islands limited company, its general partner
		
	By:	 	 /s/ Louise Mary Garbarino

	Name:	 	Louise Mary Garbarino
	Title:	 	Authorized Signatory

 HUAMI - SIGNATURE PAGE OF SHAREHOLDERS AGREEMENT 

  
 40 

 SCHEDULE A 

Investors 
  

	
	 Name of Investors

	
	 People Better Limited

	
	 Shunwei High Tech Limited

	
	 Banyan Capital Holdings Co., Ltd.

	
	 SCC Venture V Holdco I, Ltd.

	
	 MORNINGSIDE CHINA

TMT SPECIAL

OPPORTUNITY FUND, L.P.

	
	 MORNINGSIDE CHINA

TMT FUND III

CO-INVESTMENT, L.P.

 SCHEDULE B 

Founders 
  

					
	 Name of Founders
	  	PRC ID	 
	 Huang Wang

	  	 	340104197511022019	 
	 Lu Yunfen

	  	 	320520196505212725	 
	 Fan Meihui

	  	 	352104197911071518	 
	 Fan Bin

	  	 	340825197909154716	 
	 Zhang Yi

	  	 	371203197907230012	 
	 Zhang Xiaojun

	  	 	340103197107201019	 

 SCHEDULE C 

BVI Companies 
  

	1.	HHtech Holdings Limited, a business entity established under the laws of the British Virgin Islands; 

  

	2.	Haiyu Holding Limited, a business entity established under the laws of the British Virgin Islands; 

  

	3.	Fandler Holding Limited, a business entity established under the laws of the British Virgin Islands; and 

  

	4.	Forest Mountain Holding Limited, a business entity established under the laws of the British Virgin Islands. 

  

	5.	Wenshui Holding Limited, a business entity established under the laws of the British Virgin Islands. 

  

	6.	Shu Hill Holding Limited, a business entity established under the laws of the British Virgin Islands. 

 EXHIBIT A 

Notices 
 If to the Group Companies, BVI
Companies and the Founders: 
 Address: 12F, A4 Building, Cartoon Base, No.800 WangJiangxi Street, High-New District, 

                 Hefei City, Anhui Province, China. 

Attn: Lu Yunfen

 
 Fax: 0551-65837206-1151 
 Tel:
0551-65325631 
 If to People Better Limited: 
 Address: 12F,
East Office Building, the Rainbow City of China Resources, No. 68 
 Qinghe Middle Street, Haidian, Beijing 

Attn: GAO Xue 
 Tel: +86-10-6060 6666 

Fax: +86-10-6060 6666 
 If to Shunwei High Tech Limited: 

Address: P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands 

Attn: Mr. Tuck Lye Koh

 
 E-mail: tlkoh@shunwei.com 

With a copy to: 
 Attn: Mr. Tuck Lye Koh

 
 Address: Unit 1309A, 13/F, Cable TV Tower, No. 9 Hoi Shing Road, Tsuen Wan, N.T., 

Hong Kong 
 E-mail: tlkoh@shunwei.com 

Telephone: +852 24050088 
 Fax: +852 24050003 

If to Banyan Capital Holdings Co., Ltd.: 
 Add: c/o Banyan
Capital Partners HK Ltd. 
          Unit 1535, 15th Floor, Nexxus Building 

         41 Connaught Road, Central, HK 

Attn: Anthony Wu 
 Tel: (852) 3757 9922 

 If to SCC Venture V Holdco I, Ltd.: 

Address: Suite 2215, 22/F Two Pacific Place 88 Queensway Road, Hong Kong 

Attn: Kok Wai Yee 
 Fax: +852 2501 8989 

Tel: +852 2501 5249 
 If to MORNINGSIDE CHINA TMT SPECIAL
OPPORTUNITY FUND, L.P. and MORNINGSIDE CHINA TMT FUND III CO-INVESTMENT, L.P.: 
 Address: 22/F Hang Lung Centre, 2-20 Paterson Street, Causeway Bay, Hong
Kong 
 Attn: Catherine Leung 
 Fax: 852 2577 3509 

Tel: 852 2894 1828EX-10.1

 Exhibit 10.1 

HUAMI CORPORATION 
 2015
SHARE INCENTIVE PLAN 
 Huami Corporation, a company formed under the laws of the Cayman Islands (the “Company”),
adopts herein the terms and conditions of its 2015 Share Incentive Plan (the “Plan”) as follows: 
 ARTICLE 1 

 PURPOSE 

The purpose of the Plan is to promote the success and enhance the value of the Company, by linking the personal interests of the members of
the Board, Employees, and Consultants to those of the Company’s shareholders and by providing such individuals with an incentive for outstanding performance to generate superior returns to the Company’s shareholders. The Plan is further
intended to provide flexibility to the Company in its ability to motivate, attract, and retain the services of members of the Board, Employees, and Consultants upon whose judgment, interest, and special effort the successful conduct of the
Company’s operation is largely dependent. 
 ARTICLE 2 

DEFINITIONS AND CONSTRUCTION 

Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context clearly indicates
otherwise. The singular pronoun shall include the plural where the context so indicates. 
 2.1 “Applicable Laws” means the
legal requirements relating to the Plan and the Awards under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders, and the rules of any applicable stock exchange or national market system,
of any jurisdiction applicable to Awards granted to residents therein. 
 2.2 “Award” means an Option, Restricted Share or
Restricted Share Unit award granted to a Participant pursuant to the Plan. 
 2.3 “Award Agreement” means any written
agreement, contract, or other instrument or document evidencing an Award, including through electronic medium. 
 2.4
“Board” means the Board of Directors of the Company. 

  
 1 

 2.5 “Cause” with respect to a Participant means (unless otherwise expressly
provided in the applicable Award Agreement, or another applicable contract with the Participant that defines such term for purposes of determining the effect that a “for cause” termination has on the Participant’s Awards) a
termination of employment or service based upon a finding by the Service Recipient, acting in good faith and based on its reasonable belief at the time, that the Participant: 

(a) has been negligent in the discharge of his or her duties to the Service Recipient, has refused to perform stated or assigned duties or is
incompetent in or (other than by reason of a disability or analogous condition) incapable of performing those duties; 
 (b) has been
dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized disclosure or use of inside information, customer lists, trade secrets or other confidential information; 

(c) has breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Service
Recipient; or has been convicted of, or plead guilty or nolo contendere to, a felony or misdemeanor (other than minor traffic violations or similar offenses); 

(d) has materially breached any of the provisions of any agreement with the Service Recipient; 

(e) has engaged in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of,
the Service Recipient; or 
 (f) has improperly induced a vendor or customer to break or terminate any contract with the Service Recipient
or induced a principal for whom the Service Recipient acts as agent to terminate such agency relationship. 
 A termination for Cause shall
be deemed to occur (subject to reinstatement upon a contrary final determination by the Committee) on the date on which the Service Recipient first delivers written notice to the Participant of a finding of termination for Cause. 

2.6 “Code” means the Internal Revenue Code of 1986 of the United States, as amended. 

2.7 “Committee” means the Board or a committee of the Board described in Article 10. 

2.8 “Consultant” means any consultant or adviser if: (a) the consultant or adviser renders bona fide services to a
Service Recipient; (b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market for the
Company’s securities; and (c) the consultant or adviser is a natural person who has contracted directly with the Service Recipient to render such services. 

  
 2 

 2.9 “Corporate Transaction”, unless otherwise defined in an Award Agreement,
means any of the following transactions, provided, however, that the Committee shall determine under (d) and (e) whether multiple transactions are related, and its determination shall be final, binding and conclusive: 

(a) an amalgamation, arrangement or consolidation or scheme of arrangement (i) in which the Company is not the surviving entity, except
for a transaction the principal purpose of which is to change the jurisdiction in which the Company is incorporated or (ii) following which the holders of the voting securities of the Company do not continue to hold more than 50% of the
combined voting power of the voting securities of the surviving entity; 
 (b) the sale, transfer or other disposition of all or
substantially all of the assets of the Company; 
 (c) the complete liquidation or dissolution of the Company; 

(d) any reverse takeover or series of related transactions culminating in a reverse takeover (including, but not limited to, a tender offer
followed by a reverse takeover) in which the Company is the surviving entity but (A) the Company’s equity securities outstanding immediately prior to such takeover are converted or exchanged by virtue of the takeover into other property,
whether in the form of securities, cash or otherwise, or (B) in which securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or
persons different from those who held such securities immediately prior to such takeover or the initial transaction culminating in such takeover, but excluding any such transaction or series of related transactions that the Committee determines
shall not be a Corporate Transaction; or 
 (e) acquisition in a single or series of related transactions by any person or related group of
persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting
power of the Company’s outstanding securities but excluding any such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction. 

2.10 “Disability”, unless otherwise defined in an Award Agreement, means that the Participant qualifies to receive long-term
disability payments under the Service Recipient’s long-term disability insurance program, as it may be amended from time to time, to which the Participant provides services regardless of whether the Participant is covered by such policy. If the
Service Recipient to which the Participant provides service does not have a long-term disability plan in place, “Disability” means that a Participant is unable to carry out the responsibilities and functions of the position held by the
Participant by reason of any medically determinable physical or mental impairment for a period of not less than ninety (90) consecutive days. A Participant will not be considered to have incurred a Disability unless he or she furnishes proof of
such impairment sufficient to satisfy the Committee in its discretion. 

  
 3 

 2.11 “Effective Date” shall have the meaning set forth in Section 11.1.

 2.12 “Employee” means any person, including an officer or a member of the Board of the Company or any Parent or
Subsidiary of the Company, who is in the employment of a Service Recipient, subject to the control and direction of the Service Recipient as to both the work to be performed and the manner and method of performance. The payment of a director’s
fee by a Service Recipient shall not be sufficient to constitute “employment” by the Service Recipient. 
 2.13 “Exchange
Act” means the Securities Exchange Act of 1934 of the United States, as amended. 
 2.14 “Fair Market Value”
means, as of any date, the value of Shares determined as follows: 
 (a) If the Shares are listed on one or more established stock exchanges
or national market systems, including without limitation, the New York Stock Exchange and the Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such shares (or the closing bid, if no sales were reported) as quoted on
the principal exchange or system on which the Shares are listed (as determined by the Committee) on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such
closing sales price or closing bid was reported), as reported in the Wall Street Journal or such other source as the Committee deems reliable; 

(b) If the Shares are regularly quoted on an automated quotation system (including the OTC Bulletin Board) or by a recognized securities
dealer, its Fair Market Value shall be the closing sales price for such shares as quoted on such system or by such securities dealer on the date of determination, but if selling prices are not reported, the Fair Market Value of a Share shall be the
mean between the high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in The Wall Street Journal or such other source as
the Committee deems reliable; or 
 (c) In the absence of an established market for the Shares of the type described in (a) and (b),
above, the Fair Market Value thereof shall be determined by the Committee in good faith and in its discretion by reference to (i) the placing price of the latest private placement of the Shares and the development of the Company’s business
operations and the general economic and market conditions since such latest private placement, (ii) other third party transactions involving the Shares and the development of the Company’s business operation and the general economic and
market conditions since such sale, (iii) an independent valuation of the Shares, or (iv) such other methodologies or information as the Committee determines to be indicative of Fair Market Value and relevant. 

  
 4 

 2.15 “Incentive Share Option” means an Option that is intended to meet the
requirements of Section 422 of the Code or any successor provision thereto. 
 2.16 “Independent Director” means
(i) before the Shares or other securities representing the Shares are listed on a stock exchange, a member of the Board who is a Non-Employee Director; and (ii) after the Shares or other securities representing the Shares are listed on a
stock exchange, a member of the Board who meets the independence standards under the applicable corporate governance rules of the stock exchange. 

2.17 “Non-Employee Director” means a member of the Board who qualifies as a “Non-Employee Director” as defined in
Rule 16b-3(b)(3) of the Exchange Act, or any successor definition adopted by the Board. 
 2.18 “Non-Qualified Share
Option” means an Option that is not intended to be an Incentive Share Option. 
 2.19 “Option” means a right
granted to a Participant pursuant to Article 5 of the Plan to purchase a specified number of Shares at a specified price during specified time periods. An Option may be either an Incentive Share Option or a Non-Qualified Share Option. 

2.20 “Participant” means a person who, as a member of the Board, Consultant or Employee, has been granted an Award pursuant
to the Plan. 
 2.21 “Parent” means a parent corporation under Section 424(e) of the Code. 

2.22 “Plan” means this Huami Corporation 2015 Share Incentive Plan, as it may be amended from time to time. 

2.23 “Related Entity” means any business, corporation, partnership, limited liability company or other entity in which the
Company, a Parent or Subsidiary of the Company holds a substantial ownership interest, directly or indirectly, but which is not a Subsidiary and which the Board designates as a Related Entity for purposes of the Plan. 

2.24 “Restricted Share” means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions
and may be subject to risk of forfeiture. 
 2.25 “Restricted Share Unit” means the right granted to a Participant pursuant
to Article 7 to receive a Share at a future date. 

  
 5 

 2.26 “Securities Act” means the Securities Act of 1933 of the United States, as
amended. 
 2.27 “Service Recipient” means the Company, any Parent or Subsidiary of the Company and any Related Entity to
which a Participant provides services as an Employee, a Consultant or a Director. 
 2.28 “Share” means ordinary shares of
the Company, and such other securities of the Company that may be substituted for Shares pursuant to Article 9. 
 2.29
“Subsidiary” means any corporation or other entity of which a majority of the outstanding voting shares or voting power is beneficially owned directly or indirectly by the Company. 

2.30 “Trading Date” means the closing of the first sale to the general public of the Shares pursuant to a registration
statement filed with and declared effective by the U.S. Securities and Exchange Commission under the Securities Act. 
 ARTICLE 3 

SHARES SUBJECT TO THE PLAN 

3.1 Number of Shares.  

(a) Subject to the provisions of Article 9 and Section 3.1(b), the maximum aggregate number of Shares which may be issued pursuant to all
Awards (including Incentive Share Options) shall be 14,328,358 ordinary shares of the Company. 
 (b) To the extent that an Award
terminates, expires, or lapses for any reason, any Shares subject to the Award shall again be available for the grant of an Award pursuant to the Plan. To the extent permitted by Applicable Laws, Shares issued in assumption of, or in substitution
for, any outstanding awards of any entity acquired in any form or combination by the Company or any Parent or Subsidiary of the Company shall not be counted against Shares available for grant pursuant to the Plan. Shares delivered by the Participant
or withheld by the Company upon the exercise of any Award under the Plan, in payment of the exercise price thereof or tax withholding thereon, may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a). If
any Restricted Shares are forfeited by the Participant or repurchased by the Company, such Shares may again be optioned, granted or awarded hereunder, subject to the limitations of Section 3.1(a). Notwithstanding the provisions of this
Section 3.1(b), no Shares may again be optioned, granted or awarded if such action would cause an Incentive Share Option to fail to qualify as an Incentive Share Option under Section 422 of the Code. 

  
 6 

 3.2 Shares Distributed. Any Shares distributed pursuant to an Award may consist, in whole
or in part, of authorized and unissued Shares, treasury shares (subject to Applicable Laws) or Shares purchased on the open market. Additionally, in the discretion of the Committee, American Depository Shares in an amount equal to the number of
Shares which otherwise would be distributed pursuant to an Award may be distributed in lieu of Shares in settlement of any Award. If the number of Shares represented by an American Depository Share is other than on a one-to-one basis, the
limitations of Section 3.1 shall be adjusted to reflect the distribution of American Depository Shares in lieu of Shares. 
 ARTICLE
4 
 ELIGIBILITY AND PARTICIPATION 

4.1 Eligibility. Persons eligible to participate in this Plan include Employees, Consultants, and all members of the Board, as
determined by the Committee. 
 4.2 Participation. Subject to the provisions of the Plan, the Committee may, from time to time,
select from among all eligible individuals, those to whom Awards shall be granted and shall determine the nature and amount of each Award. No individual shall have any right to be granted an Award pursuant to this Plan. 

4.3 Jurisdictions. In order to assure the viability of Awards granted to Participants employed in various jurisdictions, the Committee
may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom applicable in the jurisdiction in which the Participant resides or is employed. Moreover, the Committee may
approve such supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the Plan as in effect for any other purpose;
provided, however, that no such supplements, amendments, restatements, or alternative versions shall increase the share limitations contained in Section 3.1 of the Plan. Notwithstanding the foregoing, the Committee may not take any
actions hereunder, and no Awards shall be granted, that would violate any Applicable Laws. 

  
 7 

 ARTICLE 5  

OPTIONS  
 5.1
General. The Committee is authorized to grant Options to Participants on the following terms and conditions: 
 (a) Exercise
Price. The exercise price per Share subject to an Option shall be determined by the Committee and set forth in the Award Agreement which may be a fixed or variable price related to the Fair Market Value of the Shares. 

(b) Time and Conditions of Exercise. The Committee shall determine the time or times at which an Option may be exercised in
whole or in part, including exercise prior to vesting; provided that the term of any Option granted under the Plan shall not exceed ten years, except as provided in Section 12.1. The Committee shall also determine any conditions, if any,
that must be satisfied before all or part of an Option may be exercised. 
 (c) Payment. The Committee shall determine the
methods by which the exercise price of an Option may be paid, the form of payment, including, without limitation (i) cash or check denominated in U.S. Dollars, (ii) to the extent permissible under the Applicable Laws, cash or check in
Chinese Renminbi, (iii) cash or check denominated in any other local currency as approved by the Committee, (iv) Shares held for such period of time as may be required by the Committee in order to avoid adverse financial accounting
consequences and having a Fair Market Value on the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof, (v) after the Trading Date the delivery of a notice that the Participant has placed a market
sell order with a broker with respect to Shares then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price;
provided that payment of such proceeds is then made to the Company upon settlement of such sale, (vi) other property acceptable to the Committee with a Fair Market Value equal to the exercise price, or (vii) any combination of the
foregoing. Notwithstanding any other provision of the Plan to the contrary, no Participant who is a member of the Board or an “executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be
permitted to pay the exercise price of an Option in any method which would violate Section 13(k) of the Exchange Act. 
 (d)
Evidence of Grant. All Options shall be evidenced by an Award Agreement between the Company and the Participant. The Award Agreement shall include such additional provisions as may be specified by the Committee. 

(e) Effects of Termination of Employment or Service on Options. Termination of employment or service shall have the following
effects on Options granted to the Participants: 
 (i) Dismissal for Cause. Unless otherwise provided in the Award Agreement, if a
Participant’s employment by or service to the Service Recipient is terminated by the Service Recipient for Cause, the Participant’s Options will terminate upon such termination, whether or not the Option is then vested and/or exercisable;

  
 8 

 (ii) Death or Disability. Unless otherwise provided in the Award Agreement, if a
Participant’s employment by or service to the Service Recipient terminates as a result of the Participant’s death or Disability: 

a) the Participant (or his or her legal representative or beneficiary, in the case of the Participant’s Disability or death,
respectively), will have until the date that is 2 months after the Participant’s termination of Employment to exercise the Participant’s Options (or portion thereof) to the extent that such Options were vested and exercisable on the date
of the Participant’s termination of Employment on account of death or Disability; 
 b) the Options, to the extent not vested and
exercisable on the date of the Participant’s termination of Employment or service, shall terminate upon the Participant’s termination of Employment or service on account of death or Disability; and 

c) the Options, to the extent exercisable for the 2-month period following the Participant’s termination of Employment or service and
not exercised during such period, shall terminate at the close of business on the last day of the 2-month period. 
 (iii) Other
Terminations of Employment or Service. Unless otherwise provided in the Award Agreement, if a Participant’s employment by or service to the Service Recipient terminates for any reason other than a termination by the Service Recipient for Cause
or because of the Participant’s death or Disability: 
 a) the Participant will have until the date that is 30 days after the
Participant’s termination of Employment or service to exercise his or her Options (or portion thereof) to the extent that such Options were vested and exercisable on the date of the Participant’s termination of Employment or service; 

b) the Options, to the extent not vested and exercisable on the date of the Participant’s termination of Employment or service, shall
terminate upon the Participant’s termination of Employment or service; and 
 c) the Options, to the extent exercisable for the 30-day
period following the Participant’s termination of Employment or service and not exercised during such period, shall terminate at the close of business on the last day of the 30-day period. 

  
 9 

 5.2 Incentive Share Options. Incentive Share Options may be granted to Employees of the
Company, a Parent or Subsidiary of the Company. Incentive Share Options may not be granted to Employees of a Related Entity or to Independent Directors or Consultants. The terms of any Incentive Share Options granted pursuant to the Plan, in
addition to the requirements of Section 5.1, must comply with the following additional provisions of this Section 5.2: 

(a) Individual Dollar Limitation. The aggregate Fair Market Value (determined as of the time the Option is granted) of all
Shares with respect to which Incentive Share Options are first exercisable by a Participant in any calendar year may not exceed $100,000 or such other limitation as imposed by Section 422(d) of the Code, or any successor provision. To the
extent that Incentive Share Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Share Options. 

(b) Exercise Price. The exercise price of an Incentive Share Option shall be equal to the Fair Market Value on the date of
grant. However, the exercise price of any Incentive Share Option granted to any individual who, at the date of grant, owns Shares possessing more than ten percent of the total combined voting power of all classes of shares of the Company may not be
less than 110% of the Fair Market Value on the date of grant and such Option may not be exercisable for more than five years from the date of grant. 

(c) Transfer Restriction. The Participant shall give the Company prompt notice of any disposition of Shares acquired by exercise
of an Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer of such Shares to the Participant. 

(d) Expiration of Incentive Share Options. No Award of an Incentive Share Option may be made pursuant to this Plan after the
tenth anniversary of the Effective Date. 
 (e) Right to Exercise. During a Participant’s lifetime, an Incentive Share
Option may be exercised only by the Participant. 
 ARTICLE 6 

RESTRICTED SHARES 

6.1 Grant of Restricted Shares. The Committee, at any time and from time to time, may grant Restricted Shares to Participants as the
Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Shares to be granted to each Participant. 

6.2 Restricted Shares Award Agreement. Each Award of Restricted Shares shall be evidenced by an Award Agreement that shall specify the
period of restriction, the number of Restricted Shares granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. Unless the Committee determines otherwise, Restricted Shares shall be held by the Company
as escrow agent until the restrictions on such Restricted Shares have lapsed. 

  
 10 

 6.3 Issuance and Restrictions. Restricted Shares shall be subject to such restrictions on
transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Shares or the right to receive dividends on the Restricted Share). These restrictions may lapse separately
or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter. 

6.4 Forfeiture/Repurchase. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon
termination of employment or service during the applicable restriction period, Restricted Shares that are at that time subject to restrictions shall be forfeited or repurchased in accordance with the Award Agreement; provided, however, the
Committee may (a) provide in any Restricted Share Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Shares will be waived in whole or in part in the event of terminations resulting from specified
causes, and (b) in other cases waive in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Shares. 

6.5 Certificates for Restricted Shares. Restricted Shares granted pursuant to the Plan may be evidenced in such manner as the Committee
shall determine. If certificates representing Restricted Shares are registered in the name of the Participant, certificates must bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Shares,
and the Company may, at its discretion, retain physical possession of the certificate until such time as all applicable restrictions lapse. 

6.6 Removal of Restrictions. Except as otherwise provided in this Article 6, Restricted Shares granted under the Plan shall be released
from escrow as soon as practicable after the last day of the period of restriction. The Committee, in its discretion, may accelerate the time at which any restrictions shall lapse or be removed. After the restrictions have lapsed, the Participant
shall be entitled to have any legend or legends under Section 6.5 removed from his or her Share certificate. The Committee (in its discretion) may establish procedures regarding the release of Shares from escrow and the removal of legends, as
necessary or appropriate to minimize administrative burdens on the Company. 

  
 11 

 ARTICLE 7 

RESTRICTED SHARE UNITS 

7.1 Grant of Restricted Share Units. The Committee, at any time and from time to time, may grant Restricted Share Units to Participants
as the Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Share Units to be granted to each Participant. 

7.2 Restricted Share Units Award Agreement. Each Award of Restricted Share Units shall be evidenced by an Award Agreement that shall
specify any vesting conditions, the number of Restricted Share Units granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. 

7.3 Performance Objectives and Other Terms. The Committee, in its discretion, may set performance objectives or other vesting criteria
which, depending on the extent to which they are met, will determine the number or value of Restricted Share Units that will be paid out to the Participants. 

7.4 Form and Timing of Payment of Restricted Share Units. At the time of grant, the Committee shall specify the date or dates on which
the Restricted Share Units shall become fully vested and nonforfeitable. Upon vesting, the Committee, in its sole discretion, may pay Restricted Share Units in the form of cash, in Shares or in a combination thereof. 

7.5 Forfeiture/Repurchase. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon
termination of employment or service during the applicable restriction period, Restricted Share Units that are at that time unvested shall be forfeited or repurchased in accordance with the Award Agreement; provided, however, the Committee
may (a) provide in any Restricted Share Unit Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Share Units will be waived in whole or in part in the event of terminations resulting from specified
causes, and (b) in other cases waive in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Share Units. 

ARTICLE 8 

PROVISIONS APPLICABLE TO AWARDS 

8.1 Award Agreement. Awards under the Plan shall be evidenced by Award Agreements that set forth the terms, conditions and limitations
for each Award which may include the term of an Award, the provisions applicable in the event the Participant’s employment or service terminates, and the Company’s authority to unilaterally or bilaterally amend, modify, suspend, cancel or
rescind an Award. 
 8.2 No Transferability; Limited Exception to Transfer Restrictions. 

  
 12 

 (a) Limits on Transfer. Unless otherwise expressly provided in (or pursuant to) this
Section 8.2, by applicable law and by the Award Agreement, as the same may be amended: 
 (i) all Awards are non-transferable and will
not be subject in any manner to sale, transfer, anticipation, alienation, assignment, pledge, encumbrance or charge; 
 (ii) Awards will be
exercised only by the Participant; and 
 (iii) amounts payable or shares issuable pursuant to an Award will be delivered only to (or for
the account of), and, in the case of Shares, registered in the name of, the Participant. 
 In addition, the shares shall be subject to the
restrictions set forth in the applicable Award Agreement. 
 (b) Further Exceptions to Limits on Transfer. The exercise and transfer
restrictions in Section 8.2 (a) will not apply to: 
 (i) transfers to the Company or a Subsidiary; 

(ii) transfers by gift to “immediate family” as that term is defined in SEC Rule 16a-1(e) promulgated under the Exchange Act; 

(iii) the designation of a beneficiary to receive benefits if the Participant dies or, if the Participant has died, transfers to or exercises
by the Participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution; or 

(iv) if the Participant has suffered a disability, permitted transfers or exercises on behalf of the Participant by the Participant’s
duly authorized legal representative; or 
 (v) subject to the prior approval of the Committee or an executive officer or director of the
Company authorized by the Committee, transfer to one or more natural persons who are the Participant’s family members or entities owned and controlled by the Participant and/or the Participant’s family members, including but not limited to
trusts or other entities whose beneficiaries or beneficial owners are the Participant and/or the Participant’s family members, or to such other persons or entities as may be expressly approved by the Committee, pursuant to such conditions and
procedures as the Committee or may establish. Any permitted transfer shall be subject to the condition that the Committee receives evidence satisfactory to it that the transfer is being made for estate and/or tax planning purposes and on a basis
consistent with the Company’s lawful issue of securities. 

  
 13 

 Notwithstanding anything else in this Section 8.2.2 to the contrary, but subject to
compliance with all applicable laws, Incentive Share Options, Restricted Shares and Restricted Share Units will be subject to any and all transfer restrictions under the Code applicable to such Awards or necessary to maintain the intended tax
consequences of such Awards. Notwithstanding clause (b) above but subject to compliance with all applicable laws, any contemplated transfer by gift to “immediate family” as referenced in clause (b) above is subject to the
condition precedent that the transfer be approved by the Administrator in order for it to be effective. 
 8.3 Beneficiaries.
Notwithstanding Section 8.2, a Participant may, in the manner determined by the Committee, designate a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s
death. A beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the
Plan and Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Committee. If the Participant is married and resides in a community property state, a designation of a person other than the
Participant’s spouse as his or her beneficiary with respect to more than 50% of the Participant’s interest in the Award shall not be effective without the prior written consent of the Participant’s spouse. If no beneficiary has been
designated or survives the Participant, payment shall be made to the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or
revoked by a Participant at any time provided the change or revocation is filed with the Committee. 
 8.4 Share Certificates.
Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates evidencing the Shares pursuant to the exercise of any Award, unless and until the Committee has determined, with advice of
counsel, that the issuance and delivery of such certificates is in compliance with all Applicable Laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the Shares are listed or traded. All Share
certificates delivered pursuant to the Plan are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with all Applicable Laws, and the rules of any national securities exchange or
automated quotation system on which the Shares are listed, quoted, or traded. The Committee may place legends on any Share certificate to reference restrictions applicable to the Shares. In addition to the terms and conditions provided herein, the
Committee may require that a Participant make such reasonable covenants, agreements, and representations as the Committee, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee shall
have the right to require any Participant to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee. 

  
 14 

 8.5 Paperless Administration. Subject to Applicable Laws, the Committee may make Awards,
provide applicable disclosure and procedures for exercise of Awards by an internet website or interactive voice response system for the paperless administration of Awards. 

8.6 Foreign Currency. A Participant may be required to provide evidence that any currency used to pay the exercise price of any Award
were acquired and taken out of the jurisdiction in which the Participant resides in accordance with Applicable Laws, including foreign exchange control laws and regulations. In the event the exercise price for an Award is paid in Chinese Renminbi or
other foreign currency, as permitted by the Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate promulgated by the People’s Bank of China for Chinese Renminbi, or for jurisdictions other than
the People’s Republic of China, the exchange rate as selected by the Committee on the date of exercise. 
 ARTICLE 9 

CHANGES IN CAPITAL STRUCTURE 

9.1 Adjustments. In the event of any dividend, share split, combination or exchange of Shares, amalgamation, arrangement or
consolidation, spin-off, recapitalization or other distribution (other than normal cash dividends) of Company assets to its shareholders, or any other change affecting the type of Shares or the share price of a Share, the Committee shall make such
proportionate adjustments, if any, as the Committee in its sole discretion may deem appropriate to reflect such change with respect to (a) the aggregate number and type of shares that may be issued under the Plan (including, but not limited to,
adjustments of the limitations in Section 3.1); (b) the terms and conditions of any outstanding Awards (including, without limitation, any applicable performance targets or criteria with respect thereto); and (c) the grant or exercise
price per share for any outstanding Awards under the Plan. 
 9.2 Corporate Transactions. Except as may otherwise be provided in any
Award Agreement or any other written agreement entered into by and between the Company and a Participant, if the Committee anticipates the occurrence, or upon the occurrence, of a Corporate Transaction, the Committee may, in its sole discretion,
provide for (i) any and all Awards outstanding hereunder to terminate at a specific time in the future and shall give each Participant the right to exercise the vested portion of such Awards during a period of time as the Committee shall
determine, or (ii) the purchase of any Award for an amount of cash equal to the amount that could have been attained upon the exercise of such Award (and, for the avoidance of doubt, if as of such date the Committee determines in good faith
that no amount would have been attained upon the exercise of such Award, then such Award may be terminated by the Company without payment), or (iii) the replacement of such Award with other rights or property selected by the Committee in its
sole discretion or the assumption of or substitution of such Award by the successor or surviving corporation, or a Parent or Subsidiary thereof, with appropriate adjustments as to the number and kind of Shares and prices, or (iv) payment of
Award in cash based on the value of Shares on the date of the Corporate Transaction plus reasonable interest on the Award through the date when such Award would otherwise be vested or have been paid in accordance with its original terms, if
necessary to comply with Section 409A of the Code. 

  
 15 

 9.3 Outstanding Awards — Other Changes. In the event of any other change in the
capitalization of the Company or corporate change other than those specifically referred to in this Article 9, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards outstanding on
the date on which such change occurs and in the per share grant or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement of rights. 

9.4 No Other Rights. Except as expressly provided in the Plan, no Participant shall have any rights by reason of any subdivision
or consolidation of Shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation. Except as
expressly provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason thereof shall be
made with respect to, the number of shares subject to an Award or the grant or exercise price of any Award. 
 ARTICLE 10 

ADMINISTRATION 

10.1 Committee. The Plan shall be administered by the Board or a committee of one or more members of the Board to whom the Board shall
delegate the authority to grant or amend Awards to Participants other than any of the Committee members. Any grant or amendment of Awards to any Committee member shall then require an affirmative vote of a majority of the Board members who are not
on the Committee. 
 10.2 Action by the Committee. A majority of the Committee shall constitute a quorum. The acts of a majority of
the members of the Committee present at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee in lieu of a meeting, shall be deemed the acts of the Committee. Each member of the Committee is entitled
to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of the Company or any Subsidiary, the Company’s independent certified public accountants, or any executive
compensation consultant or other professional retained by the Company to assist in the administration of the Plan. 

  
 16 

 10.3 Authority of the Committee. Subject to any specific designation in the Plan, the
Committee has the exclusive power, authority and discretion to: 
 (a) designate Participants to receive Awards; 

(b) determine the type or types of Awards to be granted to each Participant; 

(c) determine the number of Awards to be granted and the number of Shares to which an Award will relate; 

(d) determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise price, grant
price, or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof, any provisions related to
non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines; 

(e) determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise price of an Award may be
paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 
 (f) prescribe the form of
each Award Agreement, which need not be identical for each Participant; 
 (g) decide all other matters that must be determined in
connection with an Award; 
 (h) establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer
the Plan; 
 (i) interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and 

(j) make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems necessary or advisable to
administer the Plan. 
 10.4 Decisions Binding. The Committee’s interpretation of the Plan, any Awards granted pursuant to the
Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties. 

  
 17 

 ARTICLE 11 

EFFECTIVE AND EXPIRATION DATE 

11.1 Effective Date. The Plan is effective the date the Plan is adopted and approved by the Board (the “Effective
Date”). The Plan will be deemed to be approved by the shareholders if it receives the affirmative vote of the holders of a majority of the share capital of the Company present or represented and entitled to vote at a meeting duly held in
accordance with the applicable provisions of the Company’s Memorandum of Association and Articles of Association. 
 11.2 Expiration
Date. The Plan will expire on, and no Award may be granted pursuant to the Plan after, the tenth anniversary of the Effective Date. Any Awards that are outstanding on the tenth anniversary of the Effective Date shall remain in force according to
the terms of the Plan and the applicable Award Agreement. 
 ARTICLE 12 

AMENDMENT, MODIFICATION, AND TERMINATION 

12.1 Amendment, Modification, and Termination. With the approval of the Board, at any time and from time to time, the Committee may
terminate, amend or modify the Plan; provided, however, that (a) to the extent necessary and desirable to comply with Applicable Laws or stock exchange rules, the Company shall obtain shareholder approval of any Plan amendment in such a
manner and to such a degree as required, unless the Company decides to follow home country practice, and (b) unless the Company decides to follow home country practice, shareholder approval is required for any amendment to the Plan that
(i) increases the number of Shares available under the Plan (other than any adjustment as provided by Article 9), or (ii) permits the Committee to extend the term of the Plan or the exercise period for an Option beyond ten years from the
date of grant. 
 12.2 Awards Previously Granted. Except with respect to amendments made pursuant to Section 12.1, no
termination, amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted pursuant to the Plan without the prior written consent of the Participant. 

  
 18 

 ARTICLE 13 

GENERAL PROVISIONS 

13.1 No Rights to Awards. No Participant, employee, or other person shall have any claim to be granted any Award pursuant to the Plan,
and neither the Company nor the Committee is obligated to treat Participants, employees, and other persons uniformly. 
 13.2 No
Shareholders Rights. No Award gives the Participant any of the rights of a Shareholder of the Company unless and until Shares are in fact issued to such person in connection with such Award. 

13.3 Taxes. No Shares shall be delivered under the Plan to any Participant until such Participant has made arrangements acceptable to
the Committee for the satisfaction of any income and employment tax withholding obligations under Applicable Laws. The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to the
Company, an amount sufficient to satisfy all applicable taxes (including the Participant’s payroll tax obligations) required or permitted by Applicable Laws to be withheld with respect to any taxable event concerning a Participant arising as a
result of this Plan. The Committee may in its discretion and in satisfaction of the foregoing requirement allow a Participant to elect to have the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a
Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision of the Plan, the number of Shares which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be
repurchased from the Participant of such Award after such Shares were acquired by the Participant from the Company) in order to satisfy any income and payroll tax liabilities applicable to the Participant with respect to the issuance, vesting,
exercise or payment of the Award shall, unless specifically approved by the Committee, be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based
on the minimum statutory withholding rates for the applicable income and payroll tax purposes that are applicable to such supplemental taxable income. 

13.4 No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall interfere with or limit in any way the right
of the Service Recipient to terminate any Participant’s employment or services at any time, nor confer upon any Participant any right to continue in the employment or services of any Service Recipient. 

13.5 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any
payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary. 

  
 19 

 13.6 Indemnification. To the extent allowable pursuant to Applicable Laws, each member of
the Committee or of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action,
suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction of judgment in
such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Memorandum of Association and Articles of Association, as a matter of law, or
otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
 13.7 Relationship to other Benefits. No
payment pursuant to the Plan shall be taken into account in determining any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except to the extent
otherwise expressly provided in writing in such other plan or an agreement thereunder. 
 13.8 Expenses. The expenses of
administering the Plan shall be borne by the Company and its Subsidiaries. 
 13.9 Titles and Headings. The titles and headings of
the Sections in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 

13.10 Fractional Shares. No fractional Shares shall be issued and the Committee shall determine, in its discretion, whether cash shall
be given in lieu of fractional Shares or whether such fractional Shares shall be eliminated by rounding up or down as appropriate. 
 13.11
Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan, the Plan, and any Award granted or awarded to any Participant who is then subject to Section 16 of the Exchange Act, shall be subject to
any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the
extent permitted by the Applicable Laws, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

  
 20 

 13.12 Government and Other Regulations. The obligation of the Company to make payment of
awards in Shares or otherwise shall be subject to all Applicable Laws, and to such approvals by government agencies as may be required. The Company shall be under no obligation to register any of the Shares paid pursuant to the Plan under the
Securities Act or any other similar law in any applicable jurisdiction. If the Shares paid pursuant to the Plan may in certain circumstances be exempt from registration pursuant to the Securities Act or other Applicable Laws, the Company may
restrict the transfer of such Shares in such manner as it deems advisable to ensure the availability of any such exemption. 
 13.13
Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of the Cayman Islands. 

13.14 Section 409A. To the extent that the Committee determines that any Award granted under the Plan is or may become subject to
Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and the Award Agreements shall be interpreted in
accordance with Section 409A of the Code and the U.S. Department of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulation or other guidance that may be issued after the
Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Committee determines that any Award may be subject to Section 409A of the Code and related Department of Treasury
guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Committee may adopt such amendments to the Plan and the applicable Award agreement or adopt other policies and procedures (including amendments,
policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax treatment of the
benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related U.S. Department of Treasury guidance. 

13.15 Appendices. The Committee may approve such supplements, amendments or appendices to the Plan as it may consider necessary or
appropriate for purposes of compliance with Applicable Laws or otherwise and such supplements, amendments or appendices shall be considered a part of the Plan; provided, however, that no such supplements shall increase the share limitation contained
in Section 3.1 of the Plan without the approval of the Board. 

  
 21 

 Huami Corporation 

2015 Share Incentive Plan (United States) 

 HUAMI CORPORATION 

2015 SHARE INCENTIVE PLAN 

Huami Corporation, a company formed under the laws of the Cayman Islands (the “Company”), adopts herein the terms and
conditions of its 2015 Share Incentive Plan (the “Plan”) as follows: 
 ARTICLE 1  

PURPOSE  
 The
purpose of the Plan is to promote the success and enhance the value of the Company, by linking the personal interests of the members of the Board, Employees, and Consultants to those of the Company’s shareholders and by providing such
individuals with an incentive for outstanding performance to generate superior returns to the Company’s shareholders. The Plan is further intended to provide flexibility to the Company in its ability to motivate, attract, and retain the
services of members of the Board, Employees, and Consultants upon whose judgment, interest, and special effort the successful conduct of the Company’s operation is largely dependent. 

ARTICLE 2 

DEFINITIONS AND CONSTRUCTION 

Wherever the following terms are used in the Plan they shall have the meanings specified below, unless the context clearly indicates
otherwise. The singular pronoun shall include the plural where the context so indicates. 
 2.1 “Applicable Laws” means the
legal requirements relating to the Plan and the Awards under applicable provisions of the corporate, securities, tax and other laws, rules, regulations and government orders, and the rules of any applicable stock exchange or national market system,
of any jurisdiction applicable to Awards granted to residents therein. 
 2.2 “Award” means an Option, Restricted Share or
Restricted Share Unit award granted to a Participant pursuant to the Plan. 
 2.3 “Award Agreement” means any written
agreement, contract, or other instrument or document evidencing an Award, including through electronic medium. 
 2.4
“Board” means the Board of Directors of the Company. 

 2.5 “Cause” with respect to a Participant means (unless otherwise expressly
provided in the applicable Award Agreement, or another applicable contract with the Participant that defines such term for purposes of determining the effect that a “for cause” termination has on the Participant’s Awards) a
termination of Service based upon a finding by the Service Recipient, acting in good faith and based on its reasonable belief at the time, that the Participant: 

(a) has been negligent in the discharge of his or her duties to the Service Recipient, has refused to perform stated or assigned duties or is
incompetent in or (other than by reason of a disability or analogous condition) incapable of performing those duties; 
 (b) has been
dishonest or committed or engaged in an act of theft, embezzlement or fraud, a breach of confidentiality, an unauthorized disclosure or use of inside information, customer lists, trade secrets or other confidential information; 

(c) has breached a fiduciary duty, or willfully and materially violated any other duty, law, rule, regulation or policy of the Service
Recipient; or has been convicted of, or plead guilty or nolo contendere to, a felony or misdemeanor (other than minor traffic violations or similar offenses); 

(d) has materially breached any of the provisions of any agreement with the Service Recipient; 

(e) has engaged in unfair competition with, or otherwise acted intentionally in a manner injurious to the reputation, business or assets of,
the Service Recipient; or 
 (f) has improperly induced a vendor or customer to break or terminate any contract with the Service Recipient
or induced a principal for whom the Service Recipient acts as agent to terminate such agency relationship. 
 A termination for Cause shall
be deemed to occur (subject to reinstatement upon a contrary final determination by the Committee) on the date on which the Service Recipient first delivers written notice to the Participant of a finding of termination for Cause. 

2.6 “Code” means the Internal Revenue Code of 1986 of the United States, as amended. 

2.7 “Committee” means the Board or a committee of the Board described in Article 10. 

2.8 “Consultant” means any consultant or adviser if: (a) the consultant or adviser renders bona fide services to a
Service Recipient; (b) the services rendered by the consultant or adviser are not in connection with the offer or sale of securities in a capital-raising transaction and do not directly or indirectly promote or maintain a market for the
Company’s securities; and (c) the consultant or adviser is a natural person who has contracted directly with the Service Recipient to render such services. 

  
 2 

 2.9 “Corporate Transaction”, unless otherwise defined in an Award Agreement,
means any of the following transactions, provided, however, that the Committee shall determine under (d) and (e) whether multiple transactions are related, and its determination shall be final, binding and conclusive: 

(a) an amalgamation, arrangement or consolidation or scheme of arrangement (i) in which the Company is not the surviving entity, except for a
transaction the principal purpose of which is to change the jurisdiction in which the Company is incorporated or (ii) following which the holders of the voting securities of the Company do not continue to hold more than 50% of the combined voting
power of the voting securities of the surviving entity; 
 (b) the sale, transfer or other disposition of all or substantially all of the
assets of the Company; 
 (c) the complete liquidation or dissolution of the Company; 

(d) any reverse takeover or series of related transactions culminating in a reverse takeover (including, but not limited to, a tender offer
followed by a reverse takeover) in which the Company is the surviving entity but (A) the Company’s equity securities outstanding immediately prior to such takeover are converted or exchanged by virtue of the takeover into other property,
whether in the form of securities, cash or otherwise, or (B) in which securities possessing more than fifty percent (50%) of the total combined voting power of the Company’s outstanding securities are transferred to a person or
persons different from those who held such securities immediately prior to such takeover or the initial transaction culminating in such takeover, but excluding any such transaction or series of related transactions that the Committee determines
shall not be a Corporate Transaction; or 
 (e) acquisition in a single or series of related transactions by any person or related group of
persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting
power of the Company’s outstanding securities but excluding any such transaction or series of related transactions that the Committee determines shall not be a Corporate Transaction. 

A transaction shall not constitute a Corporate Transaction if its sole purpose is to change the state of the Company’s incorporation or to create a
holding company that will be owned in substantially the same proportions by the persons who held the Company’s securities immediately before such transaction. In addition, if a Corporate Transaction constitutes a payment event with respect to
any Award which provides for a deferral of compensation and is subject to Code Section 409A, then notwithstanding anything to the contrary in the Plan or the applicable Award Agreement the transaction with respect to such Award must also
constitute a “change in control event” as defined in Treasury Regulation Section 1.409A-3(i)(5) to the extent required by Code Section 409A. For the avoidance of doubt, an initial public offering or any subsequent public offering
or other capital raising event shall not constitute a Corporate Transaction. 

  
 3 

 2.10 “Date of Grant” means the date of grant specified in the applicable Award
Agreement, which date shall be the later of (i) the date on which the Committee resolved to grant the Award or (ii) the first day of the Participant’s Service 

2.11 “Disability” unless otherwise defined in an Award Agreement, means that the Participant qualifies to receive long-term
disability payments under the Service Recipient’s long-term disability insurance program, as it may be amended from time to time, to which the Participant provides services regardless of whether the Participant is covered by such policy. If the
Service Recipient to which the Participant provides service does not have a long-term disability plan in place, “Disability” means that a Participant is unable to carry out the responsibilities and functions of the position held by the
Participant by reason of any medically determinable physical or mental impairment for a period of not less than ninety (90) consecutive days. A Participant will not be considered to have incurred a Disability unless he or she furnishes proof of
such impairment sufficient to satisfy the Committee in its discretion. 
 2.12 “Effective Date” shall have the meaning set
forth in Article 11.1. 
 2.13 “Employee” means any person, including an officer or a member of the Board of the Company or
any Parent, Subsidiary or Affiliate of the Company, who is in the employment of a Service Recipient, subject to the control and direction of the Service Recipient as to both the work to be performed and the manner and method of performance. The
payment of a director’s fee by a Service Recipient shall not be sufficient to constitute “employment” by the Service Recipient. 

2.14 “Exchange Act” means the Securities Exchange Act of 1934 of the United States, as amended. 

2.15 “Fair Market Value” means, as of any date, the value of Shares determined as follows: 

(a) If the Shares are listed on one or more established stock exchanges or national market systems, including without limitation, the New York
Stock Exchange and the Nasdaq Stock Market, its Fair Market Value shall be the closing sales price for such shares (or the closing bid, if no sales were reported) as quoted on the principal exchange or system on which the Shares are listed (as
determined by the Committee) on the date of determination (or, if no closing sales price or closing bid was reported on that date, as applicable, on the last trading date such closing sales price or closing bid was reported), as reported in the Wall
Street Journal or such other source as the Committee deems reliable; 

  
 4 

 (b) If the Shares are regularly quoted on an automated quotation system (including the OTC
Bulletin Board) or by a recognized securities dealer, its Fair Market Value shall be the closing sales price for such shares as quoted on such system or by such securities dealer on the date of determination, but if selling prices are not reported,
the Fair Market Value of a Share shall be the mean between the high bid and low asked prices for the Shares on the date of determination (or, if no such prices were reported on that date, on the last date such prices were reported), as reported in
The Wall Street Journal or such other source as the Committee deems reliable; or 
 (c) In the absence of an established market for the
Shares of the type described in (a) and (b), above, the Fair Market Value thereof shall be determined by the Committee in good faith and in its discretion by reference to (i) the placing price of the latest private placement of the Shares
and the development of the Company’s business operations and the general economic and market conditions since such latest private placement, (ii) other third party transactions involving the Shares and the development of the Company’s
business operation and the general economic and market conditions since such sale, (iii) an independent valuation of the Shares, or (iv) such other methodologies or information as the Committee determines to be indicative of Fair Market
Value and relevant. 
 2.16 “Incentive Share Option” means an Option that is intended to meet the requirements of
Section 422 of the Code or any successor provision thereto. 
 2.17 “Independent Director” means (i) before the
Shares or other securities representing the Shares are listed on a stock exchange, a member of the Board who is a Non-Employee Director; and (ii) after the Shares or other securities representing the Shares are listed on a stock exchange, a
member of the Board who meets the independence standards under the applicable corporate governance rules of the stock exchange. 
 2.18
“Non-Employee Director” means a member of the Board who is not an employee. 
 2.19 “Non-Qualified Share
Option” means an Option that is not intended to be an Incentive Share Option. 
 2.20 “Option” means a right
granted to a Participant pursuant to Article 5 of the Plan to purchase a specified number of Shares at a specified price during specified time periods. An Option may be either an Incentive Share Option or a Non-Qualified Share Option. 

2.21 “Participant” means a person who, as a Non-Employee Director, Consultant or Employee, has been granted an Award pursuant
to the Plan. 

  
 5 

 2.22 “Parent” has the definition assigned to such under Section 424(e) of
the Code. 
 2.23 “Plan” means this Huami Corporation 2015 Share Incentive Plan, as it may be amended from time to time.

 2.24 “Related Entity” means any business, corporation, partnership, limited liability company or other entity in which
the Company, a Parent or Subsidiary of the Company holds a substantial ownership interest, directly or indirectly, but which is not a Subsidiary and which the Board designates as a Related Entity for purposes of the Plan. 

2.25 “Restricted Share” means a Share awarded to a Participant pursuant to Article 6 that is subject to certain restrictions
and may be subject to risk of forfeiture. 
 2.26 “Restricted Share Unit” means the right granted to a Participant pursuant
to Article 7 to receive a Share at a future date. 
 2.27 “Securities Act” means the Securities Act of 1933 of the United
States, as amended. 
 2.28 “Service” means service as an Employee, Non-Employee Director or Consultant. Service shall be
deemed to continue while the Participant is on a bona fide leave of absence, if such leave was approved by the Company in writing and if continued crediting of Service for this purpose is expressly required by the terms of such leave or by
Applicable Laws (as determined by the Company). 
 2.29 “Service Recipient” means the Company, any Parent or Subsidiary of
the Company and any Related Entity to which a Participant provides services as an Employee, a Consultant or a Director. 
 2.30
“Share” means ordinary shares of the Company, and such other securities of the Company that may be substituted for Shares pursuant to Article 9. 

2.31 “Subsidiary” has the definition assigned to such term under Section 424(f) of the Code. 

2.32 “Trading Date” means the closing of the first sale to the general public of the Shares pursuant to a registration
statement filed with and declared effective by the U.S. Securities and Exchange Commission under the Securities Act. 

  
 6 

 ARTICLE 3 

SHARES SUBJECT TO THE PLAN 

3.1 Number of Shares. 

(a) Subject to the provisions of Article 9 and Article 3.1(b), the maximum aggregate number of Shares which may be issued pursuant to all
Awards (including Incentive Share Options) shall be 14,328,358 ordinary shares of the Company. 
 (b) To the extent that an Award
terminates, expires, or lapses for any reason, any Shares subject to the Award shall again be available for the grant of an Award pursuant to the Plan. To the extent permitted by Applicable Laws, Shares issued in assumption of, or in substitution
for, any outstanding awards of any entity acquired in any form or combination by the Company or any Parent or Subsidiary of the Company shall not be counted against Shares available for grant pursuant to the Plan. Shares delivered by the Participant
or withheld by the Company upon the exercise of any Award under the Plan, in payment of the exercise price thereof or tax withholding thereon, may again be optioned, granted or awarded hereunder, subject to the limitations of Article 3.1(a). If any
Restricted Shares are forfeited by the Participant or repurchased by the Company, such Shares may again be optioned, granted or awarded hereunder, subject to the limitations of Article 3.1(a). Notwithstanding the provisions of this Article 3.1(b),
no Shares may again be optioned, granted or awarded if such action would cause an Incentive Share Option to fail to qualify as an Incentive Share Option under Section 422 of the Code. 

3.2 Shares Distributed. Any Shares distributed pursuant to an Award may consist, in whole or in part, of authorized and unissued
Shares, treasury shares (subject to Applicable Laws) or Shares purchased on the open market. Additionally, in the discretion of the Committee, American Depository Shares in an amount equal to the number of Shares which otherwise would be distributed
pursuant to an Award may be distributed in lieu of Shares in settlement of any Award. If the number of Shares represented by an American Depository Share is other than on a one-to-one basis, the limitations of Article 3.1 shall be adjusted to
reflect the distribution of American Depository Shares in lieu of Shares. 
 ARTICLE 4 

ELIGIBILITY AND PARTICIPATION 

4.1 Eligibility. Persons eligible to participate in this Plan include Employees, Consultants, and all Non-Employee Directors, as
determined by the Committee. Only Employees shall be eligible for the grant of Incentive Share Options. 

  
 7 

 4.2 Participation. Subject to the provisions of the Plan, the Committee may, from time to
time, select from among all eligible individuals, those to whom Awards shall be granted and shall determine the nature and amount of each Award. No individual shall have any right to be granted an Award pursuant to this Plan. 

4.3 Jurisdictions. In order to assure the viability of Awards granted to Participants employed in various jurisdictions, the Committee
may provide for such special terms as it may consider necessary or appropriate to accommodate differences in local law, tax policy, or custom applicable in the jurisdiction in which the Participant resides or is employed. Moreover, the Committee may
approve such supplements to, or amendments, restatements, or alternative versions of, the Plan as it may consider necessary or appropriate for such purposes without thereby affecting the terms of the Plan as in effect for any other purpose;
provided, however, that no such supplements, amendments, restatements, or alternative versions shall increase the share limitations contained in Article 3.1 of the Plan. Notwithstanding the foregoing, the Committee may not take any actions
hereunder, and no Awards shall be granted, that would violate any Applicable Laws. 
 ARTICLE 5  

OPTIONS  
 5.1
General. The Committee is authorized to grant Options to Participants on the following terms and conditions: 
 (a) Exercise
Price. The exercise price per Share subject to an Option shall be determined by the Committee and set forth in the Award Agreement. Notwithstanding the foregoing, the exercise price per Share of an Option granted to a Participant subject to
taxation under the laws of the United Shares shall not be less than 100% of the Fair Market Value of a Share on the Date of Grant, and in the case of an Incentive Share Option a higher percentage may be required by Article 5.2(b). This Subsection
(a) shall not apply to an Option granted pursuant to an assumption of, or substitution for, another option in a manner that complies with Code Section 424(a) (whether or not such Option is an Incentive Share Option). 

(b) Time and Conditions of Exercise. The Committee shall determine the time or times at which an Option may be exercised in
whole or in part, including exercise prior to vesting; provided that the term of any Option granted under the Plan shall not exceed ten years (and, in the case of an Incentive Share Option, a shorter term may be required by Article 5.2(b)).
The Committee shall also determine any conditions, if any, that must be satisfied before all or part of an Option may be exercised. 

  
 8 

 (c) Payment. The Committee shall determine the methods by which the exercise price
of an Option may be paid, the form of payment, including, without limitation (i) cash or check denominated in U.S. Dollars, (ii) to the extent permissible under the Applicable Laws, cash or check in Chinese Renminbi, (iii) cash or
check denominated in any other local currency as approved by the Committee, (iv) Shares held for such period of time as may be required by the Committee in order to avoid adverse financial accounting consequences and having a Fair Market Value
on the date of delivery equal to the aggregate exercise price of the Option or exercised portion thereof, (v) after the Trading Date the delivery of a notice that the Participant has placed a market sell order with a broker with respect to
Shares then issuable upon exercise of the Option, and that the broker has been directed to pay a sufficient portion of the net proceeds of the sale to the Company in satisfaction of the Option exercise price; provided that payment of such
proceeds is then made to the Company upon settlement of such sale, (vi) other property acceptable to the Committee with a Fair Market Value equal to the exercise price, (vii) any other form permitted by Applicable Laws, including without
limitation a full-recourse promissory note or a “net exercise” arrangement or (vii) any combination of the foregoing. Notwithstanding any other provision of the Plan to the contrary, no Participant who is a member of the Board or an
“executive officer” of the Company within the meaning of Section 13(k) of the Exchange Act shall be permitted to pay the exercise price of an Option in any method which would violate Section 13(k) of the Exchange Act, if at such
time the Company is subject to the Exchange Act. 
 (d) Evidence of Grant. All Options shall be evidenced by an Award
Agreement between the Company and the Participant. The Award Agreement shall include such additional provisions as may be specified by the Committee. The provisions of such Award Agreements shall in any event specify the number of Shares subject to
the Option, whether the Option is an Incentive Share Option or a Non-Qualified Share Option, and shall provide for the adjustment of the number of Shares subject to the Option in accordance with Article 9. 

(e) Effects of Termination of Service on Options. Termination of Service shall have the following effects on Options
granted to the Participants. Notwithstanding anything to the contrary in this Subsection (e), an Option shall in any event expire and terminate no later than the date determined pursuant to Subsection (b) above. 

(i) Dismissal for Cause. Unless otherwise provided in the Award Agreement, if a Participant’s Service to the Service
Recipient is terminated by the Service Recipient for Cause, the Participant’s Options will terminate upon such termination, whether or not the Option is then vested and/or exercisable; 

(ii) Death or Disability. Unless otherwise provided in the Award Agreement, if a Participant’s Service to the Service
Recipient terminates as a result of the Participant’s death or Disability: 
 a) the Participant (or his or her legal representative
or beneficiary, in the case of the Participant’s Disability or death, respectively), will have until the date that is 6 months after the Participant’s termination of Service to exercise the Participant’s Options (or portion thereof)
to the extent that such Options were vested and exercisable on the date of the Participant’s termination of Service on account of death or Disability; 

  
 9 

 b) the Options, to the extent not vested and exercisable on the date of the Participant’s
termination of Service, shall terminate upon the Participant’s termination of Service on account of death or Disability; and 
 c) the
Options, to the extent exercisable for the 6-month period following the Participant’s termination of Service and not exercised during such period, shall terminate at the close of business on the last day of the 6-month period. 

(iii) Other Terminations of Service. Unless otherwise provided in the Award Agreement, if a Participant’s Service to the Service
Recipient terminates for any reason other than a termination by the Service Recipient for Cause or because of the Participant’s death or Disability: 

a) the Participant will have until the date that is 90 days after the Participant’s termination of Service to exercise his or her
Options (or portion thereof) to the extent that such Options were vested and exercisable on the date of the Participant’s termination of Service; 

b) the Options, to the extent not vested and exercisable on the date of the Participant’s termination of Service, shall terminate upon
the Participant’s termination of Service; and 
 c) the Options, to the extent exercisable for the 90-day period following the
Participant’s termination of Service and not exercised during such period, shall terminate at the close of business on the last day of the 90-day period. 

5.2 Incentive Share Options. Incentive Share Options may be granted to Employees of the Company, a Parent or Subsidiary of the Company.
Incentive Share Options may not be granted to Employees of a Related Entity or to Independent Directors or Consultants. The terms of any Incentive Share Options granted pursuant to the Plan, in addition to the requirements of Article 5.1, must
comply with the following additional provisions of this Article 5.2: 
 (a) Individual Dollar Limitation. The aggregate Fair Market
Value (determined as of the time the Option is granted) of all Shares with respect to which Incentive Share Options are first exercisable by a Participant in any calendar year may not exceed $100,000 or such other limitation as imposed by
Section 422(d) of the Code, or any successor provision. To the extent that Incentive Share Options are first exercisable by a Participant in excess of such limitation, the excess shall be considered Non-Qualified Share Options. 

  
 10 

 (b) Exercise Price; Term. The exercise price of an Incentive Share Option shall be
equal to the Fair Market Value on the date of grant. However, the exercise price of any Incentive Share Option granted to any individual who, at the date of grant, owns Shares possessing more than ten percent of the total combined voting power of
all classes of shares of the Company (determined in accordance with Section 424(b) of the Code) may not be less than 110% of the Fair Market Value on the date of grant and such Option may not be exercisable for more than five years from the
date of grant. 
 (c) Transfer Restrictions. The Participant shall give the Company prompt notice of any disposition of Shares
acquired by exercise of an Incentive Share Option within (i) two years from the date of grant of such Incentive Share Option or (ii) one year after the transfer of such Shares to the Participant. 

(d) Right to Exercise. During a Participant’s lifetime, an Incentive Share Option may be exercised only by the Participant
or by the Participant’s guardian or legal representative. 
 ARTICLE 6 

RESTRICTED SHARES 

6.1 Grant of Restricted Shares. The Committee, at any time and from time to time, may grant Restricted Shares to Participants as the
Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Shares to be granted to each Participant. 

6.2 Restricted Shares Award Agreement. Each Award of Restricted Shares shall be evidenced by an Award Agreement that shall specify the
period of restriction, the number of Restricted Shares granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. Unless the Committee determines otherwise, Restricted Shares shall be held by the Company
as escrow agent until the restrictions on such Restricted Shares have lapsed. The Committee shall determine the purchase price, if any, of Restricted Shares to be offered under the Plan, which such purchase price shall be payable either in
(x) one of the forms described in Article 5.1(c) or (y) in consideration of services rendered to the Company, a Parent or Subsidiary prior to the award. Any right to purchase Restricted Shares shall automatically expire if not exercised by
the Participant within 30 days (or such other period as may be specified in the Award Agreement) after the grant of such right was communicated to the Participant by the Company. 

  
 11 

 6.3 Issuance and Restrictions. Restricted Shares shall be subject to such restrictions on
transferability and other restrictions as the Committee may impose (including, without limitation, limitations on the right to vote Restricted Shares or the right to receive dividends on the Restricted Share). These restrictions may lapse separately
or in combination at such times, pursuant to such circumstances, in such installments, or otherwise, as the Committee determines at the time of the grant of the Award or thereafter. 

6.4 Forfeiture/Repurchase. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon
termination of Service during the applicable restriction period, Restricted Shares that are at that time subject to restrictions shall be forfeited or repurchased in accordance with the Award Agreement; provided, however, the Committee may
(a) provide in any Restricted Share Award Agreement that restrictions or forfeiture and repurchase conditions relating to Restricted Shares will be waived in whole or in part in the event of terminations resulting from specified causes, and
(b) in other cases waive in whole or in part restrictions or forfeiture and repurchase conditions relating to Restricted Shares. 
 6.5
Certificates for Restricted Shares. Restricted Shares granted pursuant to the Plan may be evidenced in such manner as the Committee shall determine. If certificates representing Restricted Shares are registered in the name of the Participant,
certificates must bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Restricted Shares, and the Company may, at its discretion, retain physical possession of the certificate until such time as all
applicable restrictions lapse. 
 6.6 Removal of Restrictions. Except as otherwise provided in this Article 6, Restricted Shares
granted under the Plan shall be released from escrow as soon as practicable after the last day of the period of restriction. The Committee, in its discretion, may accelerate the time at which any restrictions shall lapse or be removed. After the
restrictions have lapsed, the Participant shall be entitled to have any legend or legends under Article 6.5 removed from his or her Share certificate. The Committee (in its discretion) may establish procedures regarding the release of Shares from
escrow and the removal of legends, as necessary or appropriate to minimize administrative burdens on the Company. 
 ARTICLE 7 

RESTRICTED SHARE UNITS 

7.1 Grant of Restricted Share Units. The Committee, at any time and from time to time, may grant Restricted Share Units to Participants
as the Committee, in its sole discretion, shall determine. The Committee, in its sole discretion, shall determine the number of Restricted Share Units to be granted to each Participant. No cash consideration shall be required of the recipient of
Restricted Stock Units. 

  
 12 

 7.2 Restricted Share Unit Award Agreement. Each Award of Restricted Share Units shall be
evidenced by an Award Agreement that shall specify any vesting conditions, the number of Restricted Share Units granted, and such other terms and conditions as the Committee, in its sole discretion, shall determine. 

7.3 Performance Objectives and Other Terms. The Committee, in its discretion, may set performance objectives or other vesting criteria
which, depending on the extent to which they are met, will determine the number or value of Restricted Share Units that will be paid out to the Participants. 

7.4 Form and Timing of Payment of Restricted Share Units. At the time of grant, the Committee shall specify the date or dates on which
the Restricted Share Units shall become fully vested and nonforfeitable. Upon vesting, the Committee, in its sole discretion, may pay Restricted Share Units in the form of cash, in Shares or in a combination thereof. 

7.5 Forfeiture. Except as otherwise determined by the Committee at the time of the grant of the Award or thereafter, upon termination
of Service during the applicable restriction period, Restricted Share Units that are at that time unvested shall be forfeited in accordance with the Award Agreement; provided, however, the Committee may (a) provide in any Restricted
Share Unit Award Agreement that restrictions or forfeiture conditions relating to Restricted Share Units will be waived in whole or in part in the event of terminations resulting from specified causes, and (b) in other cases waive in whole or
in part restrictions or forfeiture conditions relating to Restricted Share Units. 
 7.6 Voting and Dividend Rights. The holder of a
Restricted Stock Unit granted under the Plan shall have no voting rights. Prior to settlement or forfeiture, any Restricted Stock Unit granted under the Plan may, at the discretion of the Committee, carry with it a right to dividend equivalents.
Such right entitles the holder to be credited with an amount equal to all cash dividends paid on one Share while the Restricted Stock Unit is outstanding. Dividend equivalents may be converted into additional Restricted Stock Units. Settlement of
dividend equivalents may be made in the form of cash, in the form of Shares, or in a combination of both. Prior to distribution, any dividend equivalents that are not paid shall be subject to the same conditions and restrictions as the Restricted
Stock Unit to which they attach. 
 ARTICLE 8 

PROVISIONS APPLICABLE TO AWARDS 

8.1 Award Agreement. Awards under the Plan shall be evidenced by Award Agreements that set forth the terms, conditions and limitations
for each Award which may include the term of an Award, the provisions applicable in the event the Participant’s Service terminates, and the Company’s authority to unilaterally or bilaterally amend, modify, suspend, cancel or rescind an
Award. 

  
 13 

 8.2 No Transferability; Limited Exception to Transfer Restrictions. 

(a) Limits on Transfer. Unless otherwise expressly provided in (or pursuant to) this Article 8.2, by Applicable Laws and by the Award
Agreement, as the same may be amended: 
 (i) all Awards are non-transferable and will not be subject in any manner to sale, transfer,
anticipation, alienation, assignment, pledge, encumbrance or charge; 
 (ii) Awards will be exercised (where applicable) only by the
Participant; and 
 (iii) amounts payable or shares issuable pursuant to an Award will be delivered only to (or for the account of), and,
in the case of Shares, registered in the name of, the Participant. 
 In addition, the shares shall be subject to the restrictions set
forth in the applicable Award Agreement. 
 (b) Further Exceptions to Limits on Transfer. The exercise and transfer restrictions in
Article 8.2(a) will not apply to: 
 (i) transfers to the Company or a Subsidiary; 

(ii) transfers by gift to “immediate family” as that term is defined in SEC Rule 16a-1(e) promulgated under the Exchange Act; 

(iii) the designation of a beneficiary to receive benefits if the Participant dies or, if the Participant has died, transfers to or exercises
by the Participant’s beneficiary, or, in the absence of a validly designated beneficiary, transfers by will or the laws of descent and distribution; or 

(iv) if the Participant has suffered a disability, permitted transfers or exercises on behalf of the Participant by the Participant’s
duly authorized legal representative; or 
 (v) subject to the prior approval of the Committee or an executive officer or director of the
Company authorized by the Committee, transfer to one or more natural persons who are the Participant’s family members or entities owned and controlled by the Participant and/or the Participant’s family members, including but not limited to
trusts or other entities whose beneficiaries or beneficial owners are the Participant and/or the Participant’s family members, or to such other persons or entities as may be expressly approved by the Committee, pursuant to such conditions and
procedures as the Committee or may establish. Any permitted transfer shall be subject to the condition that the Committee receives evidence satisfactory to it that the transfer is being made for estate and/or tax planning purposes and on a basis
consistent with the Company’s lawful issue of securities. 

  
 14 

 Notwithstanding anything else in this Article 8.2(b) to the contrary, but subject to compliance
with all Applicable Laws, Options (including Incentive Share Options), Restricted Shares and Restricted Share Units will be subject to any and all transfer restrictions under the Code applicable to such Awards or necessary to maintain the intended
tax consequences of such Awards. Notwithstanding clause (b) above but subject to compliance with all Applicable Laws, any contemplated transfer by gift to “immediate family” as referenced in clause (b) above is subject to the
condition precedent that the transfer be approved by the Administrator in order for it to be effective. 
 8.3 Beneficiaries.
Notwithstanding Article 8.2, a Participant may, in the manner determined by the Committee, designate a beneficiary to exercise the rights of the Participant and to receive any distribution with respect to any Award upon the Participant’s death.
A beneficiary, legal guardian, legal representative, or other person claiming any rights pursuant to the Plan is subject to all terms and conditions of the Plan and any Award Agreement applicable to the Participant, except to the extent the Plan and
Award Agreement otherwise provide, and to any additional restrictions deemed necessary or appropriate by the Committee. If the Participant is married and resides in a community property state, a designation of a person other than the
Participant’s spouse as his or her beneficiary with respect to more than 50% of the Participant’s interest in the Award shall not be effective without the prior written consent of the Participant’s spouse. If no beneficiary has been
designated or survives the Participant, payment shall be made to the person entitled thereto pursuant to the Participant’s will or the laws of descent and distribution. Subject to the foregoing, a beneficiary designation may be changed or
revoked by a Participant at any time provided the change or revocation is filed with the Committee. 
 8.4 Share Certificates.
Notwithstanding anything herein to the contrary, the Company shall not be required to issue or deliver any certificates evidencing the Shares pursuant to the exercise of any Award, unless and until the Committee has determined, with advice of
counsel, that the issuance and delivery of such certificates is in compliance with all Applicable Laws, regulations of governmental authorities and, if applicable, the requirements of any exchange on which the Shares are listed or traded. All Share
certificates delivered pursuant to the Plan are subject to any stop-transfer orders and other restrictions as the Committee deems necessary or advisable to comply with all Applicable Laws, and the rules of any national securities exchange or
automated quotation system on which the Shares are listed, quoted, or traded. The Committee may place legends on any Share certificate to reference restrictions applicable to the Shares. In addition to the terms and conditions provided herein, the
Committee may require that a Participant make such reasonable covenants, agreements, and representations as the Committee, in its discretion, deems advisable in order to comply with any such laws, regulations, or requirements. The Committee shall
have the right to require any Participant to comply with any timing or other restrictions with respect to the settlement or exercise of any Award, including a window-period limitation, as may be imposed in the discretion of the Committee. 

  
 15 

 8.5 Paperless Administration. Subject to Applicable Laws, the Committee may make Awards,
provide applicable disclosure and procedures for exercise of Awards by an internet website or interactive voice response system for the paperless administration of Awards. 

8.6 Foreign Currency. A Participant may be required to provide evidence that any currency used to pay the exercise price of any Award
were acquired and taken out of the jurisdiction in which the Participant resides in accordance with Applicable Laws, including foreign exchange control laws and regulations. In the event the exercise price for an Award is paid in Chinese Renminbi or
other foreign currency, as permitted by the Committee, the amount payable will be determined by conversion from U.S. dollars at the official rate promulgated by the People’s Bank of China for Chinese Renminbi, or for jurisdictions other than
the People’s Republic of China, the exchange rate as selected by the Committee on the date of exercise. 
 8.7 Company’s Right
to Cancel Certain Awards. Any other provision of the Plan or an Award Agreement notwithstanding, the Company shall have the right at any time to cancel an Award that was not granted in compliance with Rule 701 under the Securities Act. Prior to
canceling such Award, the Company shall give the Participant not less than 30 days’ notice in writing. If the Company elects to cancel such Award, it shall deliver to the Participant consideration with an aggregate Fair Market Value equal to
the excess of (i) the Fair Market Value of the vested Shares subject to such Award as of the time of the cancellation over (ii) the exercise price of such portion of the Award (if any). The consideration may be delivered in the form of
cash or cash equivalents, in the form of Shares, or a combination of both. If the consideration would be a negative amount, such Award may be cancelled without the delivery of any consideration. 

8.8 Modification, Extension and Assumption of Awards. Within the limitations of the Plan, the Board may modify or assume (or, with
respect to Options, extend) outstanding Awards or may accept the cancellation of outstanding Awards (whether granted by the Company or another issuer) in return for the grant of new Awards or a different type of award for the same or a different
number of Shares and at the same or a different exercise price (if applicable). The foregoing notwithstanding, no modification of an Award shall, without the consent of the Participant, impair the Participant’s rights or increase the
Participant’s obligations under such Award. 

  
 16 

 ARTICLE 9 

CHANGES IN CAPITAL STRUCTURE 

9.1 Adjustments. In the event of any reclassification, dividend payable in Shares, share split, combination or exchange of Shares or
any other change affecting the number of issued Shares effected without receipt of consideration by the Company, the Committee shall make proportionate adjustments with respect to (a) the aggregate number and type of shares that may be issued
under the Plan (including, but not limited to, adjustments of the limitations in Article 3.1); (b) the terms and conditions of any outstanding Awards (including the number and kind of Shares covered by each outstanding Award and, at the
Committee’s discretion, any applicable performance targets or criteria with respect thereto); (c) the purchase or exercise price per share for any outstanding Awards under the Plan; and (d) any repurchase price that applies to
outstanding Awards under the Plan. In the event of a declaration of an extraordinary dividend payable in a form other than Shares in an amount that has a material effect on the Fair Market Value of the Shares, a recapitalization, a spin-off,
amalgamation, arrangement or consolidation, or a similar occurrence, the Committee at its sole discretion may make appropriate adjustments in one or more of the items listed in clauses (a) through (d) above; provided, however, that the
Committee shall in any event make such adjustments as may be required by Section 25102(o) of the California Corporations Code with respect to a Participant subject thereto. 

9.2 Corporate Transactions. All Shares acquired under the Plan and all Awards outstanding on the effective date of a Corporate
Transaction shall be treated in the manner described in the definitive transaction agreement (or, in the event the transaction does not entail a definitive agreement to which the Company is party, in the manner determined by the Committee, with such
determination having final and binding effect on all parties), which agreement or determination need not treat all Awards (or all portions of an Award) in an identical manner. Except as may otherwise be provided in any Award Agreement or any other
written agreement entered into by and between the Company and a Participant, if the Committee anticipates the occurrence, or upon the occurrence, of a Corporate Transaction, such treatment may include, without limitation (i) that any and all
Awards outstanding hereunder shall terminate at a specific time in the future with each Participant having the right to exercise the vested portion of such Awards during a period of time as the Committee shall determine, (ii) the cancellation
of any Award for an amount of cash or other property equal to the amount that could have been attained upon the exercise of such Award (and, for the avoidance of doubt, if as of such date the Committee determines in good faith that no amount would
have been attained upon the exercise of such Award, then such Award may be terminated by the Company without payment), (iii) the replacement of such Award with other rights or property selected by the Committee in its sole discretion or the
assumption of or substitution of such Award by the successor or surviving corporation, or a Parent or Subsidiary thereof, with appropriate adjustments as to the number and kind of Shares and prices, or (iv) payment of an Award in cash based on
the value of Shares on the date of the Corporate Transaction plus reasonable interest on the Award on each date when such Award would otherwise be vested or have been paid in accordance with its original terms, if necessary to comply with
Section 409A of the Code. For the avoidance of doubt, the Committee has discretion to accelerate, in whole or part, the vesting and exercisability of an Award in connection with, or in anticipation of, a Corporate Transaction. 

  
 17 

 9.3 Outstanding Awards — Other Changes. In the event of any other change in the
capitalization of the Company or corporate change other than those specifically referred to in this Article 9, the Committee may, in its absolute discretion, make such adjustments in the number and class of shares subject to Awards outstanding on
the date on which such change occurs and in the per share grant or exercise price of each Award as the Committee may consider appropriate to prevent dilution or enlargement of rights. 

9.4 No Other Rights. Except as expressly provided in the Plan, no Participant shall have any rights by reason of any subdivision or
consolidation of Shares of any class, the payment of any dividend, any increase or decrease in the number of shares of any class or any dissolution, liquidation, merger, or consolidation of the Company or any other corporation. Except as expressly
provided in the Plan or pursuant to action of the Committee under the Plan, no issuance by the Company of shares of any class, or securities convertible into shares of any class, shall affect, and no adjustment by reason thereof shall be made with
respect to, the number of shares subject to an Award or the grant or exercise price of any Award. 
 ARTICLE 10 

ADMINISTRATION 

10.1 Committee. The Plan shall be administered by the Board or a committee or committees consisting of one or more members of the Board
to whom the Board shall delegate the authority to grant or amend Awards to Participants. If no Committee has been appointed, the entire Board of Directors shall administer the Plan. Any reference to the Board in the Plan shall be construed as a
reference to the Committee (if any) to whom the Board has assigned a particular function. 
 10.2 Action by the Committee. A majority
of the Committee shall constitute a quorum. The acts of a majority of the members of the Committee present at any meeting at which a quorum is present, and acts approved in writing by a majority of the Committee in lieu of a meeting, shall be deemed
the acts of the Committee. Each member of the Committee is entitled to, in good faith, rely or act upon any report or other information furnished to that member by any officer or other employee of the Company or any Subsidiary, the Company’s
independent certified public accountants, or any executive compensation consultant or other professional retained by the Company to assist in the administration of the Plan. 

  
 18 

 10.3 Authority of the Committee. Subject to any specific designation in the Plan, the
Committee has the exclusive power, authority and discretion to: 
 (a) designate Participants to receive Awards; 

(b) determine the type or types of Awards to be granted to each Participant; 

(c) determine the number of Awards to be granted and the number of Shares to which an Award will relate; 

(d) determine the terms and conditions of any Award granted pursuant to the Plan, including, but not limited to, the exercise price, grant
price, or purchase price, any restrictions or limitations on the Award, any schedule for lapse of forfeiture restrictions or restrictions on the exercisability of an Award, and accelerations or waivers thereof, any provisions related to
non-competition and recapture of gain on an Award, based in each case on such considerations as the Committee in its sole discretion determines; 

(e) determine whether, to what extent, and pursuant to what circumstances an Award may be settled in, or the exercise price of an Award may be
paid in, cash, Shares, other Awards, or other property, or an Award may be canceled, forfeited, or surrendered; 
 (f) prescribe the form of
each Award Agreement, which need not be identical for each Participant; 
 (g) decide all other matters that must be determined in
connection with an Award; 
 (h) establish, adopt, or revise any rules and regulations as it may deem necessary or advisable to administer
the Plan; 
 (i) interpret the terms of, and any matter arising pursuant to, the Plan or any Award Agreement; and 

(j) make all other decisions and determinations that may be required pursuant to the Plan or as the Committee deems necessary or advisable to
administer the Plan. 
 10.4 Decisions Binding. The Committee’s interpretation of the Plan, any Awards granted pursuant to the
Plan, any Award Agreement and all decisions and determinations by the Committee with respect to the Plan are final, binding, and conclusive on all parties. 

  
 19 

 ARTICLE 11 

EFFECTIVE AND EXPIRATION DATE 

11.1 Effective Date. The Plan is effective the date the Plan is adopted and approved by the Board (the “Effective
Date”), subject to approval of the Company’s shareholders under Article 11.3 below. The Plan shall terminate automatically 10 years after the later of (i) the Effective Date or (ii) the date when the Board approved the most
recent increase in the number of Shares reserved under the Plan that was also approved by the Company’s shareholders. The Plan will be deemed to be approved by the shareholders if it receives the affirmative vote of the holders of a majority of
the share capital of the Company present or represented and entitled to vote at a meeting duly held in accordance with the applicable provisions of the Company’s Memorandum of Association and Articles of Association. 

11.2 Expiration Date. No Award may be granted pursuant to the Plan after the termination of the Plan. Any Awards that are outstanding
on the termination date of the Plan shall remain in force according to the terms of the Plan and the applicable Award Agreement. 
 11.3
Shareholder Approval. To the extent required by Applicable Laws, the Plan will be subject to approval of the Company’s shareholders within 12 months of the Effective Date. 

ARTICLE 12 

AMENDMENT, MODIFICATION, AND TERMINATION 

12.1 Amendment, Modification, and Termination. With the approval of the Board, at any time and from time to time, the Committee may
terminate, amend, suspend or modify the Plan; provided, however, that (a) to the extent necessary and desirable to comply with Applicable Laws or stock exchange rules, the Company shall obtain shareholder approval of any Plan amendment
in such a manner and to such a degree as required, unless the Company decides to follow home country practice, and (b) unless the Company decides to follow home country practice with respect to Participants not subject to taxation under the
laws of the United States, shareholder approval is required for any amendment to the Plan that (i) increases the number of Shares available under the Plan (other than any adjustment as provided by Article 9), or (ii) materially changes the
class of persons who are eligible for the grant of Incentive Share Options. 
 12.2 Awards Previously Granted. Except with respect to
amendments made pursuant to Article 12.1, no termination, amendment, or modification of the Plan shall adversely affect in any material way any Award previously granted pursuant to the Plan without the prior written consent of the Participant. 

  
 20 

 ARTICLE 13 

GENERAL PROVISIONS 

13.1 No Rights to Awards. No Participant, employee, or other person shall have any claim to be granted any Award pursuant to the Plan,
and neither the Company nor the Committee is obligated to treat Participants, employees, and other persons uniformly. 
 13.2 No
Shareholders Rights. No Award gives the Participant any of the rights of a Shareholder of the Company unless and until Shares are in fact issued to such person in connection with such Award. 

13.3 Taxes. No Shares shall be delivered under the Plan to any Participant until such Participant has made arrangements acceptable to
the Committee for the satisfaction of any income and employment tax withholding obligations under Applicable Laws. The Company or any Subsidiary shall have the authority and the right to deduct or withhold, or require a Participant to remit to the
Company, an amount sufficient to satisfy all applicable taxes (including the Participant’s payroll tax obligations) required or permitted by Applicable Laws to be withheld with respect to any taxable event concerning a Participant arising as a
result of this Plan. The Committee may in its discretion and in satisfaction of the foregoing requirement allow a Participant to elect to have the Company withhold Shares otherwise issuable under an Award (or allow the return of Shares) having a
Fair Market Value equal to the sums required to be withheld. Notwithstanding any other provision of the Plan, the number of Shares which may be withheld with respect to the issuance, vesting, exercise or payment of any Award (or which may be
repurchased from the Participant of such Award after such Shares were acquired by the Participant from the Company) in order to satisfy any income and payroll tax liabilities applicable to the Participant with respect to the issuance, vesting,
exercise or payment of the Award shall, unless specifically approved by the Committee, be limited to the number of Shares which have a Fair Market Value on the date of withholding or repurchase equal to the aggregate amount of such liabilities based
on the minimum statutory withholding rates for the applicable income and payroll tax purposes that are applicable to such supplemental taxable income. 

13.4 No Right to Employment or Services. Nothing in the Plan or any Award Agreement shall interfere with or limit in any way the right
of the Service Recipient to terminate any Participant’s Service at any time, nor confer upon any Participant any right to continue in Service with any Service Recipient. 

13.5 Unfunded Status of Awards. The Plan is intended to be an “unfunded” plan for incentive compensation. With respect to any
payments not yet made to a Participant pursuant to an Award, nothing contained in the Plan or any Award Agreement shall give the Participant any rights that are greater than those of a general creditor of the Company or any Subsidiary. 

  
 21 

 13.6 Indemnification. To the extent allowable pursuant to Applicable Laws, each member of
the Committee or of the Board shall be indemnified and held harmless by the Company from any loss, cost, liability, or expense that may be imposed upon or reasonably incurred by such member in connection with or resulting from any claim, action,
suit, or proceeding to which he or she may be a party or in which he or she may be involved by reason of any action or failure to act pursuant to the Plan and against and from any and all amounts paid by him or her in satisfaction of judgment in
such action, suit, or proceeding against him or her; provided he or she gives the Company an opportunity, at its own expense, to handle and defend the same before he or she undertakes to handle and defend it on his or her own behalf. The
foregoing right of indemnification shall not be exclusive of any other rights of indemnification to which such persons may be entitled pursuant to the Company’s Memorandum of Association and Articles of Association, as a matter of law, or
otherwise, or any power that the Company may have to indemnify them or hold them harmless. 
 13.7 Relationship to other Benefits. No
payment pursuant to the Plan shall be taken into account in determining any benefits pursuant to any pension, retirement, savings, profit sharing, group insurance, welfare or other benefit plan of the Company or any Subsidiary except to the extent
otherwise expressly provided in writing in such other plan or an agreement thereunder. 
 13.8 Expenses. The expenses of
administering the Plan shall be borne by the Company and its Subsidiaries. 
 13.9 Titles and Headings. The titles and headings of
the Articles in the Plan are for convenience of reference only and, in the event of any conflict, the text of the Plan, rather than such titles or headings, shall control. 

13.10 Fractional Shares. No fractional Shares shall be issued and the Committee shall determine, in its discretion, whether cash shall
be given in lieu of fractional Shares or whether such fractional Shares shall be eliminated by rounding up or down as appropriate. 
 13.11
Limitations Applicable to Section 16 Persons. Notwithstanding any other provision of the Plan, the Plan, and any Award granted or awarded to any Participant who is then subject to Section 16 of the Exchange Act, shall be subject to
any additional limitations set forth in any applicable exemptive rule under Section 16 of the Exchange Act (including any amendment to Rule 16b-3 of the Exchange Act) that are requirements for the application of such exemptive rule. To the
extent permitted by the Applicable Laws, the Plan and Awards granted or awarded hereunder shall be deemed amended to the extent necessary to conform to such applicable exemptive rule. 

  
 22 

 13.12 Government and Other Regulations. The obligation of the Company to make payment of
awards in Shares or otherwise shall be subject to all Applicable Laws, and to such approvals by government agencies as may be required. Shares shall not be issued under the Plan unless, in the opinion of counsel acceptable to the Board, the issuance
and delivery of such Shares comply with (or are exempt from) all applicable requirements of law, including (without limitation) the Securities Act, the rules and regulations promulgated thereunder, state securities laws and regulations, and the
regulations of any stock exchange or other securities market on which the Company’s securities may then be traded; provided, however, that the Company shall be under no obligation to register any of the Shares paid pursuant to the Plan
under the Securities Act or any other similar law in any applicable jurisdiction. The Company shall not be liable for a failure to issue Shares as a result of such requirements. If the Shares paid pursuant to the Plan may in certain circumstances be
exempt from registration pursuant to the Securities Act or other Applicable Laws, the Company may restrict the transfer of such Shares in such manner as it deems advisable to ensure the availability of any such exemption. 

13.13 Governing Law. The Plan and all Award Agreements shall be construed in accordance with and governed by the laws of the Cayman
Islands. 
 13.14 Section 409A. To the extent that the Committee determines that any Award granted under the Plan is or may
become subject to Section 409A of the Code, the Award Agreement evidencing such Award shall incorporate the terms and conditions required by Section 409A of the Code. To the extent applicable, the Plan and the Award Agreements shall be
interpreted in accordance with Section 409A of the Code and the U.S. Department of Treasury regulations and other interpretative guidance issued thereunder, including without limitation any such regulation or other guidance that may be issued
after the Effective Date. Notwithstanding any provision of the Plan to the contrary, in the event that following the Effective Date the Committee determines that any Award may be subject to Section 409A of the Code and related Department of
Treasury guidance (including such Department of Treasury guidance as may be issued after the Effective Date), the Committee may adopt such amendments to the Plan and the applicable Award agreement or adopt other policies and procedures (including
amendments, policies and procedures with retroactive effect), or take any other actions, that the Committee determines are necessary or appropriate to (a) exempt the Award from Section 409A of the Code and/or preserve the intended tax
treatment of the benefits provided with respect to the Award, or (b) comply with the requirements of Section 409A of the Code and related U.S. Department of Treasury guidance. Unless otherwise expressly set forth in an Award Agreement, it
is intended that Awards shall be exempt from Code Section 409A, and any ambiguity in the terms of an Award Agreement and the Plan shall be interpreted consistently with this intent. To the extent an Award is not exempt from Code
Section 409A (any such award, a “409A Award”), any ambiguity in the terms of such Award and the Plan shall be interpreted in a manner that to the maximum extent permissible supports the award’s compliance with the
requirements of that statute. Notwithstanding anything to the contrary permitted under the Plan, in no event shall a modification of an Award not already subject to Code Section 409A be given effect if such modification would cause the Award to
become subject to Code Section 409A unless the parties explicitly acknowledge and consent to the modification as one having that effect. A 409A Award shall be subject to such additional rules and requirements as specified by the Committee from
time to time in order for it to comply with the requirements of Code Section 409A. In this regard, if any amount under a 409A Award is payable upon a “separation from service” to an individual who is considered a “specified
employee” (as each term is defined under Code Section 409A), then no such payment shall be made prior to the date that is the earlier of (i) six months and one day after the Participant’s separation from service or (ii) the
Participant’s death, but only to the extent such delay is necessary to prevent such payment from being subject to Section 409A(a)(1). 

  
 23 

 13.15 Appendices. The Committee may approve such supplements, amendments or appendices to
the Plan as it may consider necessary or appropriate for purposes of compliance with Applicable Laws or otherwise and such supplements, amendments or appendices shall be considered a part of the Plan; provided, however, that no such supplements
shall increase the share limitation contained in Article 3.1 of the Plan without the approval of the Board and, if required by Applicable Laws, the Company’s shareholders. 

  
 24

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00278-of-00352.parquet"}]]