Document:

EX-10.2

 Exhibit 10.2 

Employment Agreement 
  

					
	Party A:	 		 	
			
	Registered Address:	 		 	
			
	Party B:	 	Gender:	 	 ID Card No.:

			
	Residential Address:	 		 	
			
	Emergency Contact:	 		 	Contact No.:

 In accordance with the provisions of the Labor Contract Law of the People’s Republic of China,
Party A and Party B enter into this Agreement on the basis of equality, voluntariness and mutual agreement to specify the rights and obligations of the Parties for mutual compliance. 

Article 1 Term of Employment Agreement 
  

	1.1	 From (Date) to (Date); 

 

	1.2	 The probation period is from (Date) to (Date). 

Article 2 Work Scope and Location 
 Party B will be
assigned to work at the position of          according to needs of Party A and Party B’s ability; 
  

	2.1	 Party A sets forth the job description and the quality control standards, with which Party B shall comply.
Party B shall follow the job arrangement and be in strict compliance with the employees handbook; 

  

	2.2	 Where Party B is not suitable for or competent with his/her job, Party A has the right to determine the need of
providing Party B with training or adjusting his/her position. If Party B remains incompetent in his/her job after training or new position, Party A has the right to terminate this Employment Agreement; 

 

	2.3	 Party A may temporarily adjust or arrange Party B’s position according to the needs, which shall be
complied with by Party B; 

  

	2.4	 The principal place of work under this Agreement shall be: Shanghai, in which Party B has
confirmed. Party B understands and agrees that, due to the nature of work, Party A may appoint Party B to work temporarily at other places; 

  

	2.5	 Party B is entitled to paid holidays which include marriage leave, bereavement leave, maternity leave as
stipulated by the State. 

 Article 3    Work Place, During the employment with Party A, Party B shall
perform his/her duties in the following places according to Party A’s arrangement: 
 (1) the place where Party A’s headquarters is located; 

(2) the place where the wholly-owned subsidiary to which Party A is affiliated or the joint company at which Party A participates is located; 

(3) the place where Party A’s domestic institution or overseas institution is located; 

(4) the place where Party B shall travel to provide services. 

Article 4    Party B’s job responsibilities and work matters shall be determined by Party A according to Party B’s duties
or position, Party B’s competence and Party A’s needs. 
 Article 5    Party B shall cooperate when Party A requires
him/her to work overtime according to the needs of work, except for the event of force majeure. 
 Article 6 Working Hours and Leaves 

 

	6.1	 According to the needs of work, the Parties agree that item         
working hours system in the following will apply to Party B. 

  

	 	1.	 Standard working hours, which is 8 working hours a day, from 9:00 to 12:00 and from 13:00 to 18:00, and the
lunch period is from 12:00 to 13:00. 

  

	 	2.	 Flexible working hours. 

 

	 	3.	 Comprehensive working hours. 

 

	6.2	 Party A shall agree with Party B’ entitlement to the statutory holidays according to the applicable
regulations. 

 Article 7 Remuneration 
  

	7.1	 The level of Party B’s salary is level          grade
         as set out in the Classification of Grade Level, and the base salary and allowance of Party B during the probation period shall be 80% of the said standard. 

	7.2	 Party A will pay the salary of the previous month on the 5th of each month. If the date on which salary is paid
is a weekend or holiday, Party A shall pay the same two days in advance or within two days thereafter. 

 Article
8    Social Insurances and Labor Protection: Both Party A and Party B shall join and pay for the social insurances according to the national and government regulations on the social insurances. 

Article 9    Labor Protection, Working Conditions and Protection Against Occupational Hazards: Party A shall provide Party B
with a workplace that meets the work safety and health standard of national regulations, to ensure that Party B works in an environment that is appropriate to the nature of his/her job. 

Article 10    Amendment to this Agreement 
  

	10.1	 In the events of the followings, Party A and Party B shall amend this Agreement and comply with the amendment
procedure without delay: 

  

	 	1.	 Without prejudice to the interest of the State, the collective and others, Party A and Party B reach agreement
through negotiation; 

  

	 	2.	 The laws, regulations or rules on which this Contract is based have changed, affecting the continuous
performance of this Agreement; 

  

	 	3.	 The objective situation on which this Employment Agreement was based has significantly changed, and Party A has
reached agreement with Party B through negotiation; 

  

	 	4.	 The occurrence of the earthquake, typhoon, flood, fire, war, strike and other unforeseeable force majeure
events of which the occurrence and consequences are unpreventable or unavoidable, affecting the performance of relevant provisions hereof; 

  

	 	5.	 Other circumstances provided by laws and regulations. 

 

	10.2	 In case of merger or spin-off of Party A, the successor of rights and
obligations hereunder is not required to enter into a new employment agreement with Party B and the original employment agreement shall continue to be effective. 

	10.3	 If Party A conducts economic redundancy, strategic adjustment of its industry or any force majeure event
occurs, rendering it impossible for Party A and Party B to continue the performance hereof, Party A and Party B shall negotiate to amend this Agreement. 

Article 11 Termination of this Agreement 
  

	11.1	 Upon mutual agreement through negotiations by the Parties, this Agreement may be terminated.

  

	11.2	 Party A shall be entitled to terminate this Agreement if: 

 

	 	1.	 Party B is proved to be incompetent during the probation period, including but not limited to the followings:

  

	 	1)	 failing in the monthly performance appraisal twice cumulatively during the probation period;

  

	 	2)	 being late for work twice or more (inclusive) cumulatively during the probation period; 

 

	 	2.	 Party B seriously violates the rules of Party A as follows: 

 

	 	1)	 Party B receives the Confirmation of Disciplinary Action three times cumulatively during the term hereof;

  

	 	2)	 Being late for work more than three times (inclusive) cumulatively during the term hereof;

  

	 	3)	 Taking early leave more than three times (inclusive) cumulatively during the term hereof;

  

	 	4)	 Being absent from work without permission twice or more (inclusive) cumulatively during the term hereof;

  

	 	5)	 Party B fails in the monthly performance appraisal twice or more (inclusive) cumulatively during the term
hereof; 

  

	 	6)	 Party B commits serious dereliction of duty, misconduct, corruption, theft or malpractice, causing significant
damage to and adverse impact on the interest of Party A; 

	 	7)	 All materials and documents of Party A obtained by Party B during the course of his/her performance of duties
or those relating to the obligations to Party A or its affiliates are the properties of Party A, while Party B refuses to return such materials and documents as required by Party A; 

 

	 	8)	 Party B refuses to follow the ordinary work adjustment made by Party A and does not follow the arrangement made
by his/her supervisor; 

  

	 	9)	 Party B gathers people to make troubles, causing interruption of the ordinary order of work;

  

	 	10)	 Party B forges any official document of Party A or any of its affiliates, or cause loss of any important
official document without prompt report, or causing leak of the trade secrets of Party A or any of its affiliates; 

  

	 	11)	 Party B solicits business for personal interest under the name of Party A or any of its affiliates;

  

	 	12)	 Party B illegally accepts bribes or kickback, or uses any improper means for personal interest;

  

	 	13)	 Party B uses the name of Party A or any of its affiliates to bluff, causing reputation or economic losses to
Party A or any of its affiliates, the amount of which is more than RMB1,000; 

  

	 	14)	 Party B forges, produces or stamps without authorization the company seal, contract seal, legal
representative’s seal, financial seal and other particular seals of Party A or any of its affiliates; 

  

	 	15)	 Party B commits serious dereliction of duty, misconduct, corruption, theft or malpractice, causing significant
damages (the amount of economic loss exceeds RMB1,000) to the interest of and serious adverse influence to the reputation of Party A or any of its affiliates; 

 

	 	16)	 Party B enters into employment relationship with any other employer at the same time, or provides part-time
services without Party A’s consent, or refuses to rectify as required by Party A; 

  

	 	17)	 Party B causes any loss to Party A or any of its affiliates in an amount exceeding RMB1,000;

	 	18)	 Party B provides Party A with false information, including without limitation, education certificates and
professional certificates. 

  

	 	3.	 Party B through the means of fraud, coercion or taking advantage of the unfavorable position of Party A to have
Party A execute or modify this Agreement against its true intention, which renders this Agreement invalid; 

  

	 	4.	 Party B is prosecuted for criminal offence pursuant to law, or is subject to the punishment of administrative
or criminal detention; 

  

	 	5.	 Other serious violations of Party A’s rules. 

 

	11.3	 Party A may cancel this Employment Agreement by a 30-day written notice
to Party B if: 

  

	 	1.	 Party B is sick or suffers from non-work related injury and is unable
to resume his/her position before illness or injury or unwilling to engage in other position otherwise arranged by Party A upon the completion of the specified medical treatment period; 

 

	 	2.	 Party B is incompetent in his/her position and fails to be competent in his/her position after training or re-position to another position; 

  

	 	3.	 The objective conditions based on which this Agreement was signed have undergone material changes, which
results in the impossibility to perform this Agreement, and the Parties fail to reach an agreement in respect of modification to this Agreement through negotiation. 

 

	11.4	 During the probation period, if Party B intends to termination this Employment Agreement, he/she shall give a 3
days written notice . Upon the expiry of the probation period, if Party B intends to terminate this Employment Agreement, he/she shall give a 30 days written notice. 

Article 12 Termination of this Agreement 
  

	12.1	 This Agreement will be automatically terminated if: 

 

	 	1.	 This Employment Agreement expires; 

 

	 	2.	 Party B starts to receive basic pension according to law; 

 

	 	3.	 Party B becomes deceased or legally declared to be dead or missing by the court; 

	 	4.	 Party A is declared bankrupt according to law; 

 

	 	5.	 Party A’s business license is revoked, or Party A is ordered to close down or deregister the company, or
decides to dissolve the company early; or 

  

	 	6.	 Any other circumstance provided by laws and administrative regulations occurs. 

Article 13 Labor Discipline 
  

	13.1	 Party B shall abide by the national laws, regulations and social morality and maintain the company’s
reputation. 

  

	13.2	 Party A shall improve various rules and regulations and labor discipline in accordance with relevant national
regulations. Party B shall comply with the company’s disciplinary rules and various rules and regulations, as well as labor safety and health and job specifications; shall protect Party A’s properties and abide by the professional ethnics;
and proactively participate in the training organized by Party A to improve his/her person quality. 

  

	13.3	 If Party B breaches the rules and regulations or the labor disciplinary rules, Party A is entitled to take
disciplinary action or terminate this Employment Agreement according to the laws, regulations and rules. 

  

	13.4	 During the performance hereof, Party A may develop new rules and regulations or amend its current rules and
regulations according to the relevant national rules. Such rules and regulations shall be legally binding on Party B upon notification to Party B. 

Article 14 Post-contract Obligations 
  

	14.1	 Upon the cancellation or termination hereof, Party B shall perform the following obligations:

  

	 	1.	 If this Employment Agreement is canceled or terminated for any reason, Party B shall comply with the
termination procedure in accordance with the procedures required by Party A and comply with the handover procedures with the person designated by Party A; 

  

	 	2.	 Party B shall return all office supplies, documents, equipment and other tangible or intangible assets in
possession of Party B to Party A in good condition; 

	 	3.	 Party B shall return any carrier that carries important information of Party A to Party A in complete status;

  

	 	4.	 Party B shall assist Party A to clear any creditor’s rights or debts arising out of the course of business
incurred by Party B; 

  

	 	5.	 Party B shall comply with and complete the termination procedures required by Party A; 

 

	 	6.	 Others: Party B shall settle incomplete matters which he/she is responsible for. 

 

	14.2	 Upon cancellation or termination of this Agreement, Party A shall comply with the following obligations:

  

	 	1.	 Party A shall complete the procedure of termination of employment for Party B. 

 

	 	2.	 Party A shall complete the procedure of transferring or closing Party B’s social insurances and housing
provident fund accounts within 15 days from the termination of employment relationship. 

  

	 	3.	 Party A needs to make payment of economic compensation to Party B if Party B meets the statutory circumstances,
which shall be paid after the completion of all procedures for termination of employment by Party B. If Party B fails to perform the obligations above and conduct the handover procedure as required, Party A may suspend the payment of economic
compensation, and if Party A suffers any loss therefrom, Party A shall be entitled to recover the same from Party B. 

  

	14.3	 If Party B terminates the employment without notice, or is missing, or fails to perform the obligations as
required, rendering Party A impossible to or delay the procedure for termination of employment, Party B hereby irrecoverably acknowledges that he/she is at fault and will assume the relevant liability. 

Article 15 Liability for Breach 
  

	15.1	 Any breach shall be offered the opportunity of rectification first and either Party is obligated to conduct
such rectification. 

  

	15.2	 If this Agreement is canceled according to Article 11.2, Party A will record the event in Party B’s file,
and if Party A suffers any loss therefrom, Party A is entitled to recover the same from Party B. 

	15.3	 If Party B breaches any labor discipline, rules and regulations or the provisions hereof on the labor
discipline, rules and regulations, Party A shall have the right to hold Party B liable under the labor discipline, rules and regulations and the provisions hereof, and to recover the losses therefrom (if any) Party B. 

 

	15.4	 In the event Party B breaches the provisions hereof rendering the termination of this Employment Agreement, or
breaches the confidentiality obligations or non-competition provisions set out herein and in the schedules hereto, causing losses to Party A, Party B shall assume the liability for making compensation.

  

	15.5	 In the event Party B owns any money to Party A, or breaches the provisions hereof rendering the termination of
this Employment Agreement , or causes any economic loss to Party A due to any other reason, for which Party B shall be liable for making compensation according to the laws and regulations and this Agreement, Party A shall have the right to deduct
the same from (including without limitation) the salary, bonus and allowance, subsidy and economic compensation of Party B, provided that such deduction complies with the laws and regulations; if it is insufficient for cover the losses, Party A may
recover the rest from Party B. 

 Article 16 Miscellaneous 

 

	16.1	 During the performance hereof, if this Agreement or certain provisions of any document executed based on this
Agreement are invalid due to changes in laws and regulations or related policies, the remaining terms of this Agreement shall remain effective and legally binding on both Parties. 

 

	16.2	 Party B acknowledges that he/she has read and acknowledged the content of Party A’s rules and regulations
when signing this Agreement, and warrants to comply with such rules and regulations during the performance hereof. 

  

	16.3	 Where Party A provides training to Party B at the cost of Party A, the Parties shall separately sign a
Training/Education Agreement. If this Employment Agreement is terminated early due to the cause of Party B, Party B shall compensate Party A for such training costs as set out therein. 

	16.4	 Party B is required to deliver the following documents to Party A within three working days from his/her
commencement of work, including without limitation: 

  

	 	1.	 Copies of ID card and household register, employee registration form, photos, form of transfer of relationship
with an organization, labor handbook, notice of employment termination or separation certificate, relevant supporting documents for storage of files, and information of social insurances and other related accounts. 

 

	 	2.	 Based on Party B’s personal situations, Party B shall deliver the materials as notified by Party A.

  

	16.5	 Party B undertakes that he/she is in good health condition, and shall take physical examination in the hospital
designated by Party A and submit the physical examination report, indicating that all indicator examined falls in the normal range. 

Under special circumstances, Party B may submit the physical examination report within 15 days after being on board. If Party B fails to
submit the physical examination report on time or some indicators on the physical examination report are beyond the normal range, Party A shall have the right to terminate this Employment Agreement. 

 

	16.6	 Party B is obligated to assist Party A to go through the legal employment procedure and related matters, and to
deliver the executed employment agreement to Party A. If Party A is unable to go through such procedure and related matters due to any reason attributable to Party B, Party B shall be held liable therefor. Party B acknowledges that if Party A is
unable to directly deliver certain documents to Party B (including without limitation, Party B refusing to receive such documents or the missing of Party B), the residential address of Party B set out herein shall be the contact address for
delivering such documents to Party B by Party A. 

  

	16.7	 If Party B’s personal information (including without limitation, residential address) changes, Party B
shall notify Party A in writing within 10 days, and obtain and properly keep the acknowledgment of receipt of such notice from Party A, which shall be taken as an evidence therefor. The Parties shall thereby amend the content hereof.

	16.8	 All consequences arising from the failure of Party B to provide materials and updated information on a timely
basis shall be assumed by Party B. 

  

	16.9	 Party B agrees that, if Party B cannot be reached (including but not limited to, Party B being hospitalized due
to illness and loss of personal freedom), the “emergency contact” set out at the beginning of this Agreement will be taken as the representative of Party B, who will have the authority to conduct settlement and mediation, receive and sign
relevant documents on behalf of Party B. 

  

	16.10	 The employment relationship of Party B with Party A may be transferred to any branch or subsidiary of the group
to which Party A is affiliated according to the needs. 

  

	16.11	 This Employment Agreement shall be made in two copies, with Party A and Party B each holding one copy, both of
which shall have the same legal effect. 

  

	16.12	 This Agreement will come into force upon signing and affixing the seals by the legal representative (or
authorized representative) of Party A and by Party B personally. 

  

	16.13	 The Employee Handbook of Party A will be taken as an appendix hereto, which shall have the same legal
effect of this Agreement. 

  

	16.14	 Party B has agreed to the relevant provisions of the Agreement on Confidential Information, Transfer of
Inventions, Non-competition and Non-solicitation, which will be taken as a schedule hereto and shall have the same legal effect of this Agreement.

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	Party A (seal):	 		 	Party B (signature):
			
	Authorized Representative:	 		 	
			
	Date:	 		 	Date:

 Agreement on Confidential Information, Invention Transfer,
Non-competition and Non-solicitation 
 Party A: 

Party B: 
 ID No.: 

This Agreement on Confidential Information, Invention Transfer, Non-competition and
Non-solicitation (“Agreement”) shall take effect upon signing of the Employment Agreement between Party A (“Company”), a limited liability company established and existing under the laws of
the People’s Republic of China (“China”), and the individual (“Employee”) who signs at the end of the Agreement. Except as otherwise required by the context, the term “Company” in this Agreement shall also include
all subsidiaries, parent companies or affiliates of the Company. 
 The Employee acknowledges that the Company’s employment of him/her establishes a
trust relationship between the Employee and the Company with respect to all confidential information of the Company (as defined below). As a consideration and a condition of employment and payment of salaries and benefits by the Company (the
adequacy of which has been confirmed here), the Employee agrees to the following terms: 
 1. Confidential Information 

(a) Confidentiality. Except as otherwise provided in this Agreement, the Employee agrees that during and after the employment with the Company, he/she
(i) shall keep confidential of all confidential information (as defined below) and shall not directly or indirectly use, reveal, make public or disclose in other ways or allow other parties to disclose any aspect of the confidential information
without prior written consent of the Company; (ii) shall not take any action or behavior that is reasonable or foreseeable to affect the confidentiality or exclusivity of the confidential information; and (iii) shall follow suggestions of
the confidential information proposed by the Board of Directors, Company’s management or Supervisors at times. “Confidential Information” includes, but not limited to, the Company’s inventions (as defined in Article 3(b) below),
trade secrets, confidential information, knowledge or data, or any of the Company’s clients, customers, consultants, shareholders, licensees, licensors, suppliers or affiliates, including but not limited to business plans, records and
transactions; profiles and the list of clients; special customer matters; sales practices; methods and techniques; sales concepts, strategies and plans; source of goods and suppliers; special business relationships with suppliers, agents and
brokers; promotional materials and information; financial matters; merger; acquisition; equipment, technology and process; selective human resources affairs; invention; improvement; product specifications; process; pricing information; intellectual
property; exclusive knowledge; technical data; software programs; algorithms; operating and production costs; process; designs; formulation; creativity; plans; devices; materials; and other similar confidential matters that may be produced, obtained
or otherwise acquired or contacted by the Employee during his/her employment with the Company (whether occurring before or after the effective date of this Agreement). All confidential information and physical materials containing confidential
information are the exclusive property of the Company. The Employee agrees that the Company is not obligated to pay any compensation for any of the Employees’ obligations under this Article 1. 

 (b) Limitations. The Employee is not obligated under this Agreement to keep the following information
confidential; (i) information in the public domain at the time of disclosure; (ii) information, although initially confidential, entering into the public domain thereafter not because the Employee violates the obligations under this
Agreement or confidentiality obligations of any other individual or entity; or (iii) information that was known to the Employee before the Company made any disclosure to him/her as demonstrated by documented evidences. 

(c) Former employer information. The Employee agrees that in the period of his/her employment he/she has not and shall not: (i) improperly use or
disclose any proprietary information or trade secrets of any former employer or other individual or entity (the Employee ever reached an agreement with such individual or entity or is obligated for such individual or entity to keep confidentiality
of the information obtained, if any), (ii) bring any documents, or confidential or proprietary information of the above employer, individual or entity to the Company premises unless agreed in writing by the above employer, individual or entity. In
the event of any claims, liabilities, damages and expenses, including reasonable counsel fees and legal costs, arising out of or relating to the violation of the foregoing provisions, the Employee shall compensate the Company for such claims,
liabilities, damages and expenses and protect the Company from damages. 
 (d) Third party information. The Employee recognizes that the Company may
have received or will receive third parties’ confidential or proprietary information and the Company is obligated to keep such information confidential and use it only for limited purposes. The Employee agrees that he/she is obligated to the
Company and such third parties during and after the termination of the employment with the Company that such confidential and proprietary information shall be kept strictly confidential, such information shall not be disclosed to any individual or
organization, and such information shall be used in ways of and for the limited purposes of using the information specified in the agreement reached between the Company and the third parties. 

(e) Conflict activities. During employment with the Company, the Employee shall not serve as an employee or a consultant of any other organizations or
carry out any other activities that conflict with the Employee’s obligations to the Company without the prior written consent of the Company. 
 2.
Return of Confidential Materials 
 Where the Employee terminates the employment relationship with the Company for any reason, the Employee agrees to
immediately submit and deliver to the Company any records, materials, equipment, drawings, documents and data of any nature related to the confidential information or the Employee’s working tasks. The Employee shall not retain or carry with
him/her the tangible materials or electronically stored data containing any confidential information or related to the confidential information that are produced, obtained, or accessed during the employment with the Company. 

3. Invention 
 (a) Retention and licensing of inventions. The
Employee provides in Schedule 1 a catalogue of all inventions, discoveries, ideas, original works, developments, improvements, technical methods, know-how and trade secrets (collectively referred to as “pre-employment inventions”) which were made prior to the employment with the Company and belong to the Employee, are related to the Company’s intended businesses, products or R&Ds, but have not
been transferred to the Company. 

 The Employee’s failure to provide the above-mentioned catalogue means he/she declares that there is no pre-employment invention. Where during the employment with the Company, the Employee applies a pre-employment invention owned or the rights of which owned by him/her to a
Company’s product, process or machine, the Company is therefore granted and shall obtain a non-exclusive, royalty-free, irrevocable and permanent license that is valid worldwide. Under this license, the
Company may take such pre-employment invention as part of such products, processes or machines, or manufacture, entrust others to manufacture, modify, use and sell such
pre-employment invention in conjunction with such products, processes or machines. 
 (b) Transfer of invention. The
Employee hereby acknowledges and agrees that for all inventions, discoveries, ideas, designs, copyrightable works, original works, developments, improvements, concepts, technical methods, know-how, trade
secrets and other productions or projects containing any intellectual property right of the Employee, whether patentable or may be registered under the laws of any country, whether can be put into practice or fabricated or imagined by the Employee,
whether completed by the Employee alone or conceived and completed together with others (a) during the employment of the Employee that are: (i) in any way related to the Company’s foreseeable businesses, works, R&Ds; or
(ii) completed by the Employee partly or entirely during the Employee’s working hours or with the Company’s equipment, materials, facilities, or confidential information; or (iii) resulted from the assignment of the Company to
the Employee, or the Employee’s performance of his/her work or duties, and (b) all of the above-mentioned inventions (hereinafter collectively referred to as “inventions”) related to any of the Employee’s activities during
the employment with the Company within one (1) year after termination of the Employee’s employment relationship with the Company, the Company is entitled to full, absolute and exclusive rights, proprietorship and interests. The Employee
hereby transfers any rights, proprietorship or interests in any invention (if any) to the Company. Where the Employee fails to transfer the rights, proprietorship or interests in such inventions to the Company, the Employee hereby grants the Company
an exclusive, royalty-free, transferable, irrevocable license that is applicable worldwide (including the right to re-license of multi-layer sublicense), under which the Company may execute such non-transferable rights, proprietorship or interests. Where the Employee fails to transfer the rights, proprietorship or interests of such invention to the Company, nor grant the Company a license, the Employee
hereby irrevocably waives the right to make a claim against the Company or any successor of the Company with respect to such non-transferable or non-licensable rights,
proprietorship or interests and agrees that such claim will never be filed. 
 (c) Disclosure and record of the invention. For any invention, the Employee
agrees that (i) whether the Employee believes that the invention under this Agreement shall be protected by the Chinese Patent Law, the Chinese Copyright Law or other laws and regulations, in order to protect the Company’s rights under
this Agreement, the Employee shall immediately disclose the invention in secret written form to his/her direct supervisor in the Company and send the disclosure document to the Chairman of the Company; and (ii) upon the request of the Company,
the Employee shall immediately sign a written invention transfer agreement to transfer the proprietorship related to the invention to the Company and treat the invention confidential. The Employee agrees to keep up-to-date and complete written records of all inventions with his/her signature on the records during the employment with the Company. Such records shall be in the form of notes, sketches, drawings and other
formats or forms as may be specified by the Company at times. Such records are accessible to the Company and are always exclusively owned by the Company. 

 (d) Patent and copyright registration. The Employee agrees to assist the Company or its designee in
obtaining the Company’s rights of invention as well as all copyright, patent, integrated circuit layout design rights or other intellectual property rights related to the invention in any and all countries in any proper manners, including
disclosing to the Company all relevant information and data, and signing all applications, instructions, declarations, transfer agreements, and all documents that the Company considers necessary to apply for and obtain the above rights, transfer to
the Company, its successors, assignees or designees the exclusive rights, proprietorship and interests of the above invention, and all relevant copyright, patent, integrated circuit layout design rights or other intellectual property rights, but all
costs associated with it are borne by the Company. The Employee further agrees that the obligation of signing or entrusting others to sign any of the above documents within the scope of having the right to entrust others to sign shall be effective
after the termination of this Agreement. Where the Company applies for patent or copyright registration in China or other countries with respect to the invention or original work assigned to the Company in accordance with the above Articles, the
Employee hereby irrevocably designates and appoints the Company and its duly authorized senior staff and agents as his/her agent or representative to sign any of the above applications and take all other legally permitted actions on behalf of
him/her to facilitate the filing and issuance of patent certificates or copyright registrations for inventions or original works. The above agent’s act of agency is as effective as the Employee himself/herself. 

(e) Reward, remuneration and other rights. The Employee hereby agrees that the Company may reward the Employee for his/her invention in accordance with the
Company’s incentive policy. The Employee understands that such reward and the remuneration paid by the Company under the Employment Agreement entered into between the Company and the Employee represents the entirety of the rewards and
remuneration that the employee is entitled to for the invention (including but not limited to “reward” and “reasonable remuneration” provided in Article 16 of the Patent Law of the People’s Republic of China). The Employee
hereby irrevocably waives the right to require the Company to pay any other reward or remuneration for any invention, whether or not the Company implements or licenses the invention, or whether the Company obtains profits, royalties or license fees
from such inventions. The Employee hereby irrevocably waives any remaining rights (including but not limited to the priority set forth in the Chinese Contract Law) that the Employee may have in the invention when the Company sells, transfers or
otherwise disposes the invention. 

 4. Non-competition Obligations 

Whereas the Employee will be exposed to the confidential information of the Company (or the entities in close cooperation with the Company) and the
Employee’s work involves the trade secrets of the Company (or the entities in close cooperation with the Company), the Employee agrees to perform the obligations under this Article and confirms that such obligations are applicable to him/her in
accordance with applicable laws and regulations (including but not limited to the Labor Contract Law of the People’s Republic of China). The Employee agrees not to directly or indirectly participate as an employee, consultant or other roles in
the development, operation or sale of the technology or product-related businesses (including the Employee’s own business) that are the same as or similar to those businesses that the Company develops, operates or sells, nor engage in other
services that are the same as or similar to those of the Company (or the entities in close cooperation with the Company), nor participate directly or indirectly in the long-term rental business as an employee, consultant or other roles. The Company
agrees to pay the Employee the statutory non-competition compensation in accordance with the applicable laws at the time of termination or expiration of this Agreement. Where the applicable law does not
stipulate the minimum non-competition compensation then, the two parties hereby agree that 20% of the monthly basic salary (excluding bonus) before the Employee’s termination of the employment shall be
the monthly non-competition compensation. 
 The Employee agrees to submit to the Company all supporting materials
required by the Company (including but not limited to the employment certificate issued by the new employer) to verify his eligibility to receive such non-competition compensation. On the Company’s
satisfaction with the certification materials, the non-competition compensation will be paid to the Employee on a monthly basis during the non-competition period (24
months). Where the Employee violates the non-competition obligations of this Article, he/she hereby agrees to pay damages to the Company in an amount equivalent to 48 months of the monthly non-competition compensation. Where the damages are insufficient to fully cover the losses suffered by the Company, the Employee agrees to compensate the Company for the remaining of the losses caused to the
Company. This Article does not in any way limit other remedies available to the Company under the applicable laws or contract. 
 The Employee agrees that
the company has the right, at its sole discretion, to choose to pay the statutory compensation for the Employee’s non-competition obligation or to exempt the Employee from such obligations. Where a court
of competent jurisdiction or a legally constituted arbitral tribunal determines that any provision of this Article is unenforceable due to its long duration, the broad geographic coverage or the extensive scope of the activities covered, the
provisions shall be interpreted as valid for the longest duration, the broadest geographic coverage, or the most extensive scope of activities within the executable range. 

5. Non-solicitation Obligations 

The Employee agrees that during the employment with the Company and within two (2) years after the termination of the Employee’s employment
relationship with the Company, either for the Employee him/herself or for any other person or entity, the Employee shall not (i) directly or indirectly tempt, prevail on, encourage any employee of the Company to leave the Company, or hire,
employ the Company’s employees, or attempt to tempt, prevail on, encourage any employee of the Company to leave the Company, or attempt to hire, employ the Company’s employees; or (ii) directly or indirectly solicit the businesses
from any clients or customers of the Company (except on behalf of the Company), or directly or indirectly lobby or influence clients or customers of the Company to restrict or cancel businesses with the Company. The Employee hereby agrees that the
Company shall not pay additional consideration to the Employee for the non-solicitation obligations. 

 6. Remedies of Breach 

The Employee hereby confirms that the Employee’s obligations set forth in this Agreement are reasonable and necessary to protect the legitimate interests
of the Company. Where the Employee violates this Agreement, the Employee agrees to indemnify the Company for all incurred losses. The Employee acknowledges that any violation of this Agreement may cause significant and irreparable damages to the
Company, so that the financial compensation is not enough to constitute adequate remedies for the Company. Therefore, where the Company reasonably believes that breach of this Agreement has occurred or is likely to occur, the Company, on top of
other remedies available to it, is also entitled to obtaining restraining orders and other similar remedies to enforce the provisions of this Agreement. 

7. Validity of Agreement 
 Where a court of competent
jurisdiction or a legally constituted arbitral tribunal determines that any provision of this Article is unenforceable due to its long duration, the broad geographic coverage or the extensive scope of the activities covered, the provisions shall be
interpreted as valid for the longest duration, the broadest geographic coverage, or the most extensive scope of activities within the executable range. 

8. Notification to New Employer 
 Where this Employment Contract
terminates, the Employee hereby agrees and undertakes to notify the new employer of the rights and obligations of the Employee under this Agreement and agrees that the Company will notify the Employee’s new employer of the rights and
obligations of the Employee under this Agreement. 
 9. Warranties and Covenants 

The Employee agrees to sign any other relevant documents in order to perform or demonstrate compliance with the terms of this Agreement. The Employee
undertakes that he/she will perform in accordance with all the terms of this Agreement and as an employee of the Company, will not violate any confidentiality agreement involving proprietary information obtained by the Employee in a confidential
manner or based on trust before being employed by the Company. The Employee warrants that no oral or written agreement that conflicts with this Agreement has been reached and the Employee agrees that no such agreement shall be reached. 

10. Dispute Resolution 
 For any dispute arising out of or
related to this Agreement, either Party may, within the time limit prescribed by law, file an arbitration with a competent labor dispute arbitration committee at the place where the Company was established. Subject to the relevant laws and
regulations, where one Party refuses to accept the arbitral award within fifteen (15) days after receiving the arbitral award, it may file a lawsuit with the competent people’s court at the place where the Company was established. To the
extent permitted by law, a Party may file a lawsuit with or seek relief directly from a competent people’s court at the place where the Company was established after the dispute has occurred without a labor arbitration procedure. 

11. Applicable Law 
 This Agreement shall be governed by the laws
of the People’s Republic of China, whereas its conflict of laws principle is not applicable. 

 12. Entire Agreement 

This Agreement sets out the full agreement and understanding of the Company and Employee regarding the subject matter of this Agreement and includes all
previous discussions and agreements between the Parties regarding the subject matter. Any amendments or modifications to this Agreement and the waiver of any rights under this Agreement shall not be effective without written agreement between the
Parties of this Agreement. Subsequent adjustments to the Employee’s obligations, salaries or remuneration shall not affect the validity or scope of this Agreement. 

13. Severability 
 This Agreement, as an attachment to the
Employment Agreement, shall become effective on the effective date of the Employment Agreement. Where one or more of the Articles of this Agreement are found to be invalid by law, the remaining Articles will continue to have full effect. 

 

					
	Party A: (Seal)	 		 	Party B (Signature):
			
	Date:	 		 	    Date:EX-10.3

 Exhibit 10.3 

Execution Version 
 Equity
Pledge Agreement 
 This Equity Pledge Agreement (this “Agreement”) is signed by and among the following parties in Shanghai,
the People’s Republic of China (“China”) on April 21, 2015: 
  

	(1)	 Guangjie Jin, a Chinese citizen (ID Card No.: [***]) 

 

	(2)	 Bing Xiao, a Chinese citizen (ID Card No.: [***]) 

 

	(3)	 Xiamen Siyuan Investment Management Co., Ltd. 

Registered address: Section B, Room 365, 859 Lianqian West Road, Siming 

District, Xiamen City  

Legal representative: Xuejun Xie 

(The parties mentioned in Items 1, 2 and 3 above, collectively as the “Pledgors”) 

 

	(4)	 Shanghai Qingke Investment Consulting Co., Ltd. (the “Pledgee”) 

 Registered address: Room C4, F/2, Building No.2, 317 Meigui North Road, 

China (Shanghai) Free Trade Pilot Area  

Legal representative: Guangjie Jin 
  

	(5)	 Shanghai Qingke E-commerce Co., Ltd. (the
“Company”)  

 Registered address: Section A, F/3, Building No.1, 1288 Boxue Road, Malu 

Town, Jiading District, Shanghai  

Legal representative: Guangjie Jin 
 (The
above parties are hereinafter individually referred to as a “Party” and collectively as the “Parties”.) 
 WHEREAS: 

 

	(1)	 The Pledgors are the registered shareholders of the Company and lawfully hold 100% equity of the Company (the
“Pledged Equity”), in which Guangjie Jin holds 74.53%, Bing Xiao 10.47%, and Xiamen Siyuan Investment Management Co., Ltd 15%. 

  

	(2)	 In accordance with the provisions of the Exclusive Option Agreement (“Option
Agreement”) concluded by and among the Pledgors, the Pledgee and the Company on the date of this Agreement, the Pledgors shall, to the extent permitted by the Laws of China, transfer all or part of the equity they hold in the Company and/or
all or part of assets of the Company to the Pledgee and/or any other entity or individual designated by the Pledgee at the request of the Pledgee,. 

  

	(3)	 In accordance with the provisions of the Shareholder Voting Proxy Agreement (the “Entrustment
Agreement”) concluded by and among the Pledgors, the Pledgee and the Company on the date of this Agreement, the Pledgors entirely entrusts the individual designated by the Pledgee to exercise all the voting rights the Pledgors have as the
shareholders of the Company. 

  
 1 

	(4)	 In accordance with the provisions of the Exclusive Technical Services Agreement (the “Service
Agreement”) concluded by and among the Pledgee and the Company on the date of this Agreement, the Company has exclusively engaged the Pledgee to provide relevant consultancy, technical licensing and technical support services for it, and
will pay the corresponding licensing and service fees for such services. 

  

	(5)	 To guarantee the Pledgors and the Company’s performance of the Contractual Obligations (as defined below)
and the repayment of the Guaranteed Liabilities (as defined below), the Pledgors agree to pledge all the Pledged Equity held by them to the Pledgee, and grant the Pledgee the first priority of repayment, and the Company agrees to such equity pledge
arrangement. 

 THEREFORE, the Parties, through mutual discussion, have reached the agreement as follows: 

Article 1      Definition 
  

	1.1	 Unless the context requires otherwise, the following words shall have the following meanings when used herein:

  

					
	        	 	“Contractual Obligations”:	  	refer to Contractual Obligations of the Pledgors under the Option Agreement, the Entrustment Agreement and this Agreement, as well as all Contractual Obligations of the Company under the Option Agreement, the Entrustment Agreement
and the Service Agreement.
			
		 	“Event of Default”:	  	 refers to the breach of any Contractual Obligation under the Entrustment Agreement, the Option Agreement and/or this Agreement by any
Pledgor, as well as the breach of any Contractual Obligations under the Entrustment Agreement, the Service Agreement, the Option Agreement and/or this Agreement by the Company. including but not limited to any of the following events:

 
 (i)  The Pledgor fails to fulfill or
repay in full and on time any of its Guaranteed Liabilities under the Option Agreement, the Entrustment Agreement or this Agreement;
  

(ii)  The Company fails to fulfill or repay in full and on time any of its Guaranteed Liabilities under
the Option Agreement, the Entrustment Agreement, the Service Agreement and this Agreement;
  

(iii)   Any representations or warranties made by the Pledgor hereunder is false, fraudulent,
misleading or incorrect;
  
 (iv) The
Pledgor breaches any commitment under this Agreement;

  
 2 

					
	        	 		  	 (v)   The Pledgor violates any other provisions of this Agreement;

 
 (vi) Any external loan, guarantee,
indemnity, undertaking or other liabilities undertaken by the Pledgor (a) encounters request for early repayment or performance; or (b) expires but the Pledgor fails to repay or perform as scheduled, in each case, causing the Pledgee to
reasonably believe that the ability of the Pledgor to fulfill its obligations hereunder has been materially adversely affected:
  

(vii)  Any property owned by the Pledgor encounters material adverse change, causing the Pledgee to
reasonably believe that the ability of the Pledgors to fulfill its obligations hereunder has been materially adversely affected;
  

(viii)  The successor or administrator of the Pledgor cannot fully perform, or refuse to perform, any of
its obligations under the Transaction Agreements;
  

(ix) The Pledgors, without prior consent of the Pledgee, revoke the Equity Pledge, or sell or transfer any
Pledged Property to a third party; or
  

(x)   The Company has lost its ability to pay off its debts.

			
		 	“Equity Pledge”:	  	has the meaning set out in Article 2.2 hereof.
			
		 	“Guaranteed Liabilities”:	  	refer to all direct, indirect, derivative loss and anticipated loss of interest suffered by the Pledgee as a result of any Event of Default by the Pledgors and/or the Company, (the amount of which shall be determined by the Pledgee
at its own discretion to the extent permitted by the Laws of China, and the Pledgee shall be totally bound by), as well as all expenses incurred by the Pledgee to enforce the Pledgors and/or the Company to perform their Contractual
Obligations.
			
		 	“Pledged Property”:	  	refers to all Pledged Equity legally owned by the Pledgors at the time of the entry into force of this Agreement and pledged to the Pledgee in accordance with the provisions of this Agreement as guarantee for the performance of the
Contractual Obligations by the Pledgors and the Company (the Pledged Equity of the Pledgors and the certificate of contribution are set out in Appendix I), as well as the additional capital contribution and dividend as referred to in Articles 2.6
and 2.7 hereof.

  
 3 

					
	        	 	“Laws of China”:	  	refer to the laws, administrative regulations, administrative rules, local regulations, judicial interpretations and other binding normative documents of China in force at that time.
			
		 	“Power of Attorney”:	  	has the meaning set out in Article 15.12 hereof.
			
		 	“The Rights”	  	have the meaning set out in Article 15.7 hereof.
			
		 	“Transaction Agreements”:	  	refers to the Option Agreement, the Entrustment Agreement and the Service Agreement.

  

	1.2	 Any reference to the Laws of China herein shall be deemed to: 

 

	 	(1)	 be the Laws of China as amended, modified, added and re-enacted from
time to time, whether they take effect before or after the date hereof; and 

  

	 	(2)	 include other decisions, notifications and regulations formulated in accordance with, or take effect as a
result of, the Laws of China. 

  

	1.3	 Unless otherwise specified herein, any reference to article, clause or provision shall mean the article, clause
or provision of this Agreement. 

 Article 2      Equity Pledge 

 

	2.1	 The Pledgors hereby agree to pledge the Pledged Property legally owned and entitled to dispose of by them to
the Pledgee in accordance with the provisions hereof as a guarantee of the performance of the Contractual Obligations and the repayment of the Guaranteed Liabilities. The Company hereby agrees that such Pledgors pledge the Pledged Property to the
Pledgee in accordance with the provisions hereof. 

  

	2.2	 The Pledgors undertake that they shall record the equity pledge arrangement hereunder (the “Equity
Pledge”) in the register of members of the Company on the date hereof, and shall provide the said recorded certificate and the original certificates of capital contribution to the Pledgee in the form satisfactory to the Pledgee, and shall
complete the industrial and commercial registration of Equity Pledge in accordance with the provisions of Article 2.3. 

  

	2.3	 The Pledgors undertake that it will cause and cooperate with the Company to submit an application to the
relevant industrial and commercial registration authorities for the registration of the Equity Pledge (the “Registration of Equity Pledge”) within seven (7) working days after the date hereof, and shall complete the
Registration of Equity Pledge within a reasonable time to the extent permitted by relevant laws and policies, and the Equity Pledge will take effect on the date of the completion of the Registration of Equity Pledge. The Pledgors shall, within
fifteen (15) days from the date hereof or other period as agreed by all Parties, provide the Pledgee with the certificate of industrial and commercial registration of the Equity Pledge and the certificate of contribution of the Pledgors, which
shall be placed in the custody of the Pledgee during the pledge period stipulated herein. 

  
 4 

	2.4.	 During the term hereof, the Pledgee shall not be liable for any reduction in the value of the Pledged Property,
unless it is due to the Pledgee’s intentional misconduct or gross negligence which directly leads to the result, and the Pledgors shall not be entitled to any form of recourse or claim against the Pledgee. If there is any possibility that the
value of the Pledged Property will be reduced significantly which may sufficiently endanger the rights of the Pledgee, the Pledgee may at any time request the Pledgors to provide relevant guarantees as a supplemental security. If the Pledgors refuse
to provide or fails to provide the same, the Pledgee may sell or sell by auction the Pledged Property on behalf of the Pledgors, and negotiate with the Pledgors as to the use of the proceeds from the auction or sale for the early repayment of the
Guaranteed Liabilities or deposit them with the notary office in the place where the Pledgee is located (all the expenses arising therefrom shall be borne by the Pledgors). 

 

	2.5	 In case of any Event of Default, the Pledgee shall have the right to dispose of the Pledged Property in the
manner specified in Article 4 hereof. 

  

	2.6	 The Pledgors may increase the capital of the Company with prior consent of the Pledgee. The increased amount of
capital contribution of the Pledgors due to such capital increase shall be regarded as a Pledged Property as well. In case of any change of Equity Pledge (including but not limited to the said capital increase), the Company shall, and the Pledgors
shall cause the Company to, enter such change in the register of members of the Company within the day of change, and complete the procedures for the registration of change with relevant industrial and commercial authority within fifteen
(15) days after the change or other periods as agreed by all Parties, and provide the Pledgee with the certificate of such registration, which shall be placed in the custody of the Pledgee during the pledge period specified herein.

  

	2.7	 The Pledgors may receive a dividend or profit distribution on the Pledged Property with prior consent of the
Pledgee. Such dividend or profit distribution received by the Pledgors on the Pledged Property shall be deposited in the account designated by the Pledgee and supervised by the Pledgee, and will be regarded as a Pledged Property to be used for
repaying the Guaranteed Liabilities in the first place. 

  

	2.8	 In the case of any Event of Default, the Pledgee shall have the right to dispose of any Pledged Property of any
Pledgor in accordance with the provisions hereof. 

 Article 3      Release of Pledged
Property 
 After the Pledgors and the Company have fully fulfilled all Contractual Obligations and repaid all the Guaranteed Liabilities, the Pledgee
shall, at the request of the Pledgors, release the Pledged Property hereunder, and cooperate with the Pledgors to deregister the Equity Pledge in the register of members of the Company and in the relevant industrial and commercial authority. All
reasonable expenses arising from the release of the Pledged Property shall be borne by the Pledgors. 

  
 5 

 Article 4      Disposal of Pledged Property 

 

	4.1	 If the Pledgors are aware of or ought to be aware of any Event of Default that has occurred or any
circumstances that may lead to such Event of Default, the Pledgors shall immediately notify the Pledgee in writing. 

  

	4.2	 The Pledgors and the Pledgee hereby agree that, in the occurrence of any Event of Default, the Pledgee, after
serving the Pledgors a written notice, shall have the right to exercise all the rights and powers of relief enjoyed by it under the Laws of China, the Transaction Agreements and this Agreement, , including but not limited to getting repaid in
priority by discounting, auctioning or selling the Pledged Property. The Pledgee shall not be liable to any loss caused by the reasonable exercise of such rights and powers. 

 

	4.3	 The Pledgee shall have the right to appoint its lawyer or other agent in writing to exercise any and all of the
said rights and powers, and the Pledgor shall not object to the same. 

  

	4.4	 All reasonable expenses incurred by the Pledgee in the exercise of any or all of the rights and powers
mentioned above shall be borne by the Pledgors, and the Pledgee shall have the right to deduct such expenses in real terms from the proceeds it obtains in the exercise of its rights and powers. 

 

	4.5	 Proceeds obtained by the Pledgee in the exercise of its rights and powers shall be used in the following order:

 First, to pay all expenses arising from the disposal of the Pledged Property and the exercise of its rights and powers
by the Pledgee (including but not limited to the fees of the court and the remuneration of its lawyer and agent): 
 Second, to pay the taxes
and fees arising from the disposal of the Pledged Property; and 
 Third, to repay the Guaranteed Liabilities to the Pledgee. 

If there is any balance after deduction of the said amount, the Pledgee shall return it to the Pledgors or any other person who is entitled to
it in accordance with relevant laws and regulations, or deposit it with the notary office in the place where the Pledgee is located (all the expenses arising therefrom shall be borne by the Pledgors). 

 

	4.6	 The Pledgee shall have the right to choose to exercise each remedy for the Event of Default simultaneously or
successively. The Pledgee shall not be required to exercise any other remedy for the Event of Default before exercising the right to sell or sell by auction the Pledged Property hereunder. Neither the Pledgors nor the Company shall object to whether
or not the Pledgee exercises part of its rights over the Pledged Property or the order in which he exercises its rights over the Pledged Property. 

Article 5      Expenses and Costs 

All actual expenses incurred by the establishment of the Equity Pledge hereunder, including but not limited to stamp duties, any other taxes and all legal
expenses, shall be borne by the Pledgors. 

  
 6 

 Article 6      Continuity and Non-waiver 

The Equity Pledge created hereunder is a continuous guarantee and its validity shall continue until the Contractual Obligations are fully fulfilled or the
Guaranteed Liabilities are fully repaid. Neither the Pledgee’s waiver or grace of any breach by the Pledgors, nor the Pledgee’s delay in exercising any of its rights hereunder shall affect the Pledgee’s right to require the Pledgors
to strictly enforce the Transaction Agreements and this Agreement at any time thereafter, or any right the Pledgee may enjoy in case of the Pledgors’ subsequent breach of their obligations under the Transaction Agreements and/or this Agreement,
both in accordance with this Agreement, relevant Laws of China’s and the Transaction Agreements. 
 Article
7      Representations and Warranties of the Pledgors 
 Each Pledgor hereby makes representations and warranties to the
Pledgee as follows: 
  

	7.1	 It is a Chinese citizen with full capacity (in case it is a natural person) or an enterprise duly registered
and legally existing under the Laws of China and with independent qualification of a legal person (in case it is an enterprise). It has full and independent legal status and legal capacity and has been duly authorized to execute, deliver and perform
this Agreement, and can independently act as a subject of an action. 

  

	7.2	 The company in which it holds shares is a limited liability company duly registered and legally existing under
the Laws of China, and with independent qualification of a legal person. It has full power and authority to execute and deliver this Agreement and all other documents related to the transactions contemplated hereunder that it will execute, and to
complete the transactions contemplated hereunder. Shareholders of the Company has passed, in shareholders meeting, a resolution in accordance with the Company’s articles of association, approving the Pledgors to pledge the Pledged Equity in
accordance with the provisions hereof. 

  

	7.3	 All reports, documents and information provided by it to the Pledgee before the date hereof in connection with
it and all matters required hereunder are true, accurate and valid in all material respects as of the date hereof. 

  

	7.4	 All reports, documents and information provided by it to the Pledgee after the date hereof in connection with
it and all matters required hereunder are true, accurate and valid in all material respects at the time when it is provided. 

  

	7.5	 At the time of entry into force of this Agreement, it is the sole legal owner of the Pledged Property it owns,
and has the right to dispose of such Pledged Property or any part thereof, and there is no dispute concerning the ownership of such Pledged Property. 

  

	7.6	 There is no encumbrance or third party interest on the Pledged Property, other than the encumbrance created
hereunder and the interests created under the Transaction Agreements. 

  
 7 

	7.7	 The Pledged Property can be pledged and transferred in accordance with the law, and it has full rights and
powers to pledge the Pledged Property to the Pledgee in accordance with the provisions hereof. 

  

	7.8	 This Agreement, once duly executed by it, shall constitute a lawful, effective and binding obligation on it.

  

	7.9	 All necessary consent, license, waiver or authorization of any third party, or any approval, license or waiver
of any government authority, or any registration or filing procedures with any government authority (if required by law) for the purpose of execution and performance of this Agreement and the Equity Pledge hereunder have been obtained or completed
(except for the procedures for Registration of Equity Pledge), and will be fully effective during the term hereof. 

  

	7.10	 The execution and performance of this Agreement by it will not violate or conflict with the applicable laws, or
any agreement, court judgment, arbitral award or administrative decision to which it is a party or by which its assets are bound by. 

  

	7.11	 The Equity Pledge hereunder shall constitute a first-order security interest over the Pledged Property.

  

	7.12	 There is no pending, or, to the knowledge of it, threats of action, legal proceedings or claim brought to any
court, arbitration tribunal, governmental or administrative entity against it, its assets or the Pledged Property, which will have a material or adverse impact on its economic condition or its ability to perform its obligations and guarantees
hereunder. 

  

	7.13	 It hereby undertakes to the Pledgee that the above representations and warranties are true and accurate and
will be fully complied with at any time before the Contractual Obligations are fully fulfilled or the Guaranteed Liabilities are fully repaid. 

Article 8      Representations and Warranties of the Company 

The Company hereby makes the representations and warranties to the Pledgee as follows: 

 

	8.1	 It is a limited liability company duly registered and legally existing under the Laws of China and with
independent qualification of a legal person. It has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and can independently act as a subject of action. 

 

	8.2	 All reports, documents and information provided by it to the Pledgee before the date hereof in connection with
the Pledged Property and all matters required hereunder are true and accurate in all material respects as of the date hereof. 

  
 8 

	8.3	 All reports, documents and information provided by it to the Pledgee after the date hereof in connection with
the Pledged Property and all matters required hereunder are true and accurate in all material respects at the time when it is provided. 

  

	8.4	 This Agreement, once duly executed by it, shall constitute a lawful, effective and binding obligation on it.

  

	8.5	 It has full power and authority to execute and deliver this Agreement and all other documents related to the
transactions contemplated hereunder that it will execute, and to complete the transactions contemplated hereunder. 

  

	8.6	 There is no pending, or, to the knowledge of it, threats of action, legal proceedings or claim brought to any
court, arbitration tribunal, governmental or administrative entity against it, its assets or the Pledged Property, which will have a material or adverse impact on its economic condition or its ability to perform its obligations and guarantees
hereunder. 

  

	8.7	 It hereby agrees to be jointly and severally liable to the Pledgee for the representations and warranties made
by the Pledgors under Articles 7.3, 7,4, 7.5, 7.8 and 7.11 hereof. 

  

	8.8	 It hereby undertakes to the Pledgee that the above representations and warranties will be true and accurate and
will be fully complied with at any time before the Contractual Obligations are fully fulfilled or the Guaranteed Liabilities are fully repaid. 

Article 9      Undertakings of the Pledgors 

Each Pledgor hereby undertake to the Pledgee that: 
  

	9.1	 For the purpose hereof, it shall submit an application for the Registration of Equity Pledge to relevant
industrial and commercial authority in accordance with the provisions of Article 2.3 hereof, and complete the registration of Equity Pledge and any other procedures as required by laws and regulations to effect the arrangement hereunder within a
reasonable time to the extent permitted by relevant laws and policies. 

  

	9.2	 It undertakes that it will do its utmost to complete the registration procedures for the extension of the
operating term of the Company within three (3) months before the expiration of such operating term, so as to maintain the validity of this Agreement. 

  

	9.3	 It shall ensure that the convening procedures, voting methods and contents of any shareholders meeting or board
meeting convened for the purpose of the execution of this Agreement or the creation and exercise of the Equity Pledge do not violate laws, administrative regulations or the articles of association of the Company. 

 

	9.4	 Without prior written consent of the Pledgee, it shall not re-create or permit the creation of any new pledge
or any other encumbrance on the Pledged Property. Any pledge or any other encumbrance created on the Pledged Property or any part thereof without prior written consent of the Pledgee shall be invalid. 

  
 9 

	9.5	 Without prior written consent of the Pledgee, it shall not transfer the Pledged Property, and all such intended
transfer shall be invalid. The proceeds from the Pledged Property transferred by it shall be first used to early repay the Guaranteed Liabilities or deposited with a third party agreed by the Pledgee. 

 

	9.6	 It undertakes that, in the event of any lawsuit, arbitration or other claim that may adversely affect it, or
the interests of the Pledgee under the Transaction Agreements and this Agreement, or the Pledged Property, it will notify the Pledgee in writing in a timely manner and take all necessary measures at the reasonable request of the Pledgee to secure
the Pledgee’s right over the Pledged Property. 

  

	9.7	 It shall not use, or allow others to use, the Pledged Property in any act or event contrary to the laws or this
Agreement. 

  

	9.8	 It further agrees that the rights of the Pledgee hereunder shall not be interrupted or impaired through legal
proceedings by it or any its successor, agent or any other person. 

  

	9.9	 It will not engage in or permit any conduct or act that may adversely affect the interests of the Pledgee under
the Transaction Agreements and this Agreement or the Pledged Property. 

  

	9.10	 It hereby undertakes to abide by and fulfill any and all its warranties, undertakings, agreements,
representations and conditions under the Transaction Agreements. If it fails to fulfill, or fails to fully fulfill, such warranties, undertakings, agreements, representations and conditions, it shall compensate the Pledgee for all losses incurred
thereby. 

  

	9.11	 It undertakes to, and will cause the other parties interested in the Pledged Property to, take all necessary
measures and execute all necessary documents (including but not limited to any supplementary agreement of this Agreement, certificates of rights and contract) at the reasonable request of the Pledgee, and facilitate the Pledgee’s exercise of
the rights and authorizations conferred hereunder, so as to secure the Pledgee’s interest over the Pledged Property and the exercise and realization of the Rights. 

 

	9.12	 In case the exercise of right over the Pledged Property results in the transfer of the Pledged Property, it
will waive the right of first refusal over the Pledged Property and will take all necessary measures to achieve such transfer. 

  

	9.13	 If the Company is subject to any mandatory dissolution or liquidation under the applicable laws, any proceeds
distributed to it after the Company is dissolved or liquidated in accordance with the law shall be given to the Pledgee or the entity/individual designated by the Pledgee to the extent permitted by the Laws of China. 

  
 10 

 Article 10      Undertakings of the Company 

 

	10.1	 For all necessary consent, license, waiver or authorization of any third party, or any approval, license or
waiver of any government authority, or any registration or filing procedures with any government authority (if required by law) for the purpose of execution and performance of this Agreement and the Equity Pledge hereunder, it will do its utmost to
assist obtaining or completing, and maintaining their full validity during the term hereof. 

  

	10.2	 Without prior written consent of the Pledgee, it will not assist the Pledgors in creation of, or allow the
Pledgors to create any new pledge or any other encumbrance on the Pledged Property. 

  

	10.3	 Without prior written consent of the Pledgee, it will not assist the Pledgors in transferring, or allow the
Pledgors to transfer, the Pledged Property. 

  

	10.4	 It undertakes that, in the event of any lawsuit, arbitration or other claim that may adversely affect it, or
the Pledged Equity, or the interests of the Pledgee under the Transaction Agreements and this Agreement, it will notify the Pledgee in writing in a timely manner and take all necessary measures at the reasonable request of the Pledgee to secure the
Pledgee’s right over the Pledged Property. 

  

	10.5	 It undertakes that it will do its utmost to complete the registration procedures for the extension of its
operating term within three (3) months before the expiration of the operating term, so as to maintain the validity of this Agreement. 

  

	10.6	 It will not engage in or permit any conduct or act that may adversely affect the interests of the Pledgee under
the Transaction Agreements and this Agreement or the Pledged Property, including but not limited to any conduct or act restricted by Article 9. 

  

	10.7	 It shall, within the first month of each calendar quarter, provide the Pledgee with its financial statements of
the previous calendar quarter, including but not limited to balance sheets, income statement and statement of cash flows. 

  

	10.8	 It undertakes to, at the reasonable request of the Pledgee, take all necessary measures and execute all
necessary documents (including but not limited to any supplementary agreement of this Agreement), to secure the Pledgee’s interest over the Pledged Property and the exercise and realization of the rights. 

 

	10.9	 If the exercise of right over the Pledged Property hereunder results in the transfer of the Pledged Property,
it undertakes to take all necessary measures to achieve such transfer. 

  
 11 

 Article 11      Change of Condition 

As a supplement and not contrary to any other provisions of this Agreement and the Transaction Agreements, if at any time the Pledgee believes that the
maintenance of the validity of this Agreement, the Pledged Property hereunder and/or the disposal of the Pledged Property in the manner specified herein becomes unlawful or contrary to the laws, regulations or rules of China, due to any promulgation
of or change in such laws, regulation or rules, or any change in the interpretation or application of such laws, regulation or rules, or any change in relevant registration procedures, the Pledgors shall immediately take all necessary action and/or
execute all necessary agreement or other documents according to the written instruction and at reasonable request of the Pledgee, to: 
  

	(1)	 maintain the validity of this Agreement and the Pledged Property hereunder: 

 

	(2)	 facilitate the disposal of the Pledged Property in the manner specified herein; and/or 

 

	(3)	 maintain or realize the intention of this Agreement or the pledge created hereunder. 

Article 12      Effectiveness and Term 

 

	12.1	 This Agreement shall enter into force upon the satisfaction of all the following conditions:

  

	 	(1)	 This Agreement has been duly executed by the Parties; 

 

	 	(2)	 The Equity Pledge hereunder has been recorded in the register of members of the Company in accordance with law.

 The Pledgors shall provide the Pledgee with the recorded certificate with respect to the said entries of the Equity
Pledge in the register of members in the form satisfactory to the Pledgee, and upon the entry into force of this Agreement and to the extent permitted by the Laws of China, provide the Pledgee with the pledge certificate issued by relevant
industrial and commercial authority at the request of the Pledgee. 
  

	12.2	 The term of this Agreement shall remain effective until the full completion of Contractual Obligations or the
full payment of Guaranteed Liabilities. 

 Article 13      Notice 

 

	13.1	 All notice, request, demand and other communication required or sent under this Agreement shall be served in
writing to the Party concerned. 

  

	13.2	 The above notice and other communications, if sent by fax or telex, shall be deemed to have been served once it
is delivered; if sent in person, shall be deemed to have been served once it is delivered face-to-face; if sent by post, shall be deemed to have been served five
(5) days after posting. 

 Article 14      Confidentiality 

 

	14.1	 Whether or not this Agreement is terminated, all Parties shall abide by confidentiality obligations with
respect to the following information: 

  

	 	(1)	 The execution, performance and contents of this Agreement; 

 

	 	(2)	 The business secrets, know-how and customer information of the Pledgee
that it gets knowledge of or obtains due to its execution and performance of this Agreement (the “Confidential Information”). 

  
 12 

 Each Party shall use such Confidential Information only for the purpose of fulfilling its
obligations hereunder, and shall not disclose the Confidential Information to any third party without written consent of the other Parties; otherwise it shall be accountable for the liability of breach of the Agreement and be liable to any loss
resulting therefrom. 
  

	14.2	 After the termination of this Agreement, each Party shall return, destroy or otherwise dispose of all
documents, data or software containing Confidential Information at the request of the other Parties, and cease to use such Confidential information. 

Article 15      Miscellaneous 
  

	15.1	 The Pledgee may transfer any of its rights and/or obligations hereunder to any third party without prior
consent of the Pledgors, provided that the Pledgor has been notified of such arrangement in advance. However, the Pledgors shall not transfer any of its rights, obligations or liabilities hereunder to any third party without prior written consent of
the Pledgee. The successor of each Pledgor (including but not limited to the successors of the Pledged Property in case any of the Pledgors dies (as a natural person) or goes bankrupt (as an enterprise)) or the permitted transferee (if any) of each
Pledgor shall continue to perform the obligations of the Pledgor hereunder. 

  

	15.2	 The amount of the Guaranteed Liabilities determined by the Pledgee at its own discretion when exercising its
right over the Pledged Property in accordance with the provisions hereof shall be deemed conclusive. 

  

	15.3	 This Agreement is made in Chinese and in sextuplicate, with each Party holding one (1) of them and the
last one (1) for the purpose of registering the Equity Pledge with relevant industrial and commercial authority, all of which shall have the same legal effect. 

 

	15.4	 The execution, validity, performance, modification, interpretation and termination of this Agreement shall be
governed by the Laws of China. 

  

	15.5	 Any dispute arising out of or in connection with this Agreement shall be settled by all Parties through
negotiation. If such negotiation fails to reach an agreement within thirty (30) days after the dispute arises, either Party may file the dispute with the Shanghai International Economic and Trade Arbitration Commission for arbitration by three
arbitrators appointed in accordance with the then effective rules of the arbitration center. The arbitral award shall be conclusive and binding upon all Parties. 

 

	15.6	 Any rights, powers and remedies granted to each Party by any provision hereof shall not preclude any other
rights, powers or remedies enjoyed by the Party pursuant to law and other provisions hereof, nor the exercise of any rights, powers and remedies by either Party shall preclude the exercise of any other rights, powers and remedies by such Party.

  
 13 

	15.7	 Any failure or postpone by either Party to exercise any of its rights, powers and remedies hereunder (the
“Rights”) shall not constitute the waiver by such Party of the Rights, nor any single or partial waiver of the Rights shall preclude any exercise of the Rights in the future. 

 

	15.8	 The headings of the articles of this Agreement are for reference only and shall not be used or affect the
interpretation of such articles. 

  

	15.9	 Each provision of this Agreement shall be severable and independent of each other. If any provisions of this
Agreement become invalid, illegal or unenforceable, the validity, legality and enforceability of other provisions shall not be affected. 

  

	15.10	 Any amendment or supplement to this Agreement shall be made in writing. Except that the Pledgee transfers its
rights hereunder in accordance with Article 15.1, the amendment or supplement hereto shall not take effect unless it is duly signed by the Parties. If any amendment or supplement hereto requires the approval from, or the completion of any
registration or filing procedures with any government authority pursuant to the law, the Parties shall obtain such approval and/or complete such procedures accordingly. 

 

	15.11	 Subject to the provisions of Article 15.1 above, this Agreement shall be binding upon the legitimate successors
of all Parties, including but not limited to the successors of the Pledged Property in the case any of the Pledgors dies (as a natural person) or goes bankrupt (as an enterprise). 

 

	15.12	 Upon the execution of this Agreement, the Pledgors shall execute a Power of Attorney (in the form set out in
Appendix hereto, the “Power of Attorney”), entrusting any person designated by the Pledgee (the “Trustee”) to execute on their behalf any and all legal documents necessary for the Pledgee to exercise its rights
hereunder. Such Power of Attorney shall be placed in the custody of the Pledgee, and, if necessary, the Pledgee shall have the right to submit such Power of Attorney to government authorities at any time. If and only if the Pledgee gives the
Pledgors a written notice of the removal of the Trustee, the Pledgors shall immediately remove the existing Trustee, and entrust other Trustee designated by the Pledgee as a replacement to sign any and all legal documents required for exercising
rights granted to the Pledgee under this Agreement. The new Power of Attorney, once issued, shall replace the original Power of Attorney. Except for the circumstance set forth in the preceding sentence, under no circumstances the Pledgors shall
revoke the Power of Attorney issue to the Trustee. 

 (No Body Text Below) 

  
 14 

 (This is the signing page of the Equity Pledge Agreement only) 

IN WITNESS WHEREOF, this Agreement is duly executed by the following Parties on the date and place first written above. 

Shanghai Qingke E-commerce Co., Ltd. (seal) 

(Sealed) 
 Legal representative: Guangjie Jin 

Authorized representative (signature): /s/ Guangjie
Jin                                 

 (This is the signing page of the Equity Pledge Agreement only) 

IN WITNESS WHEREOF, this Agreement is duly executed by the following Parties on the date and place first written above. 

Guangjie Jin 
 Signature: /s/ Guangjie
Jin                                 

 (This is the signing page of the Equity Pledge Agreement only) 

IN WITNESS WHEREOF, this Agreement is duly executed by the following Parties on the date and place first written above. 

Bing Xiao 
 Signature: /s/ Bing
Xiao                                 

 (This is the signing page of the Equity Pledge Agreement only) 

IN WITNESS WHEREOF, this Agreement is duly executed by the following Parties on the date and place first written above. 

Shanghai Qingke Investment Consulting Co., Ltd. (Seal) 

(Sealed) 
 Legal representative: Guangjie Jin 

Authorized representative (signature): /s/ Guangjie
Jin                                 

 (This is the signing page of the Equity Pledge Agreement only) 

IN WITNESS WHEREOF, this Agreement is duly executed by the following Parties on the date and place first written above. 

Xiamen Siyuan Investment Management Co., Ltd. (Seal) 
 (Sealed)

 Legal representative: Xuejun Xie 
 Authorized
representative (signature): /s/ Xuejun Xie                                 

 Appendix I: 

Basic Information of the Company 
  

			
	Company name:	  	Shanghai Qingke E-commerce Co., Ltd.
		
	Registered address:	  	Section A, F/3, Building No.1, 1288 Boxue Road, Malu Town, Jiading District, Shanghai
		
	Registered capital:	  	RMB 10 million
		
	Legal representative:	  	Guangjie Jin
		
	 Ownership structure:
	  	

  

									
	 Name of

shareholders
	 	
Amount of contribution
to the registered capital

(RMB/Yuan)
	 	 Proportion of

contribution
	 	 Way of

investment
	 	 Pledge registration

	 Guangjie Jin
	 	7,453,000	 	74.53%	 	Currency	 	To be pledged to Shanghai Qingke Investment Consulting Co., Ltd
					
	 Bing Xiao
	 	1,047,000	 	10.47%	 	Currency	 	To be pledged to Shanghai Qingke Investment Consulting Co., Ltd
					
	 Xiamen Siyuan Investment Management Co., Ltd.
	 	1,500,000	 	15.00%	 	Currency	 	To be pledged to Shanghai Qingke Investment Consulting Co., Ltd
					
	 Total
	 	10,000,000	 	100%	 	/	 	/

 (No Body Text Below) 

 (This is the signing page of the Appendix I: Basic Information of the Company to the
Equity Pledge Agreement only) 
 Shanghai Qingke E-commerce Co., Ltd. (Seal) 

(Sealed) 
 Legal representative: Guangjie Jin 

Authorized representative (signature): /s/ Guangjie
Jin                                 

Date:                      

 Register of Members of Shanghai Qingke E-commerce
Co., Ltd 
 This is to certify that, 

Guangjie Jin (ID Card No. [***]) has contributed RMB 7.453 million and owned 74.53% of the equity, which is to be pledged in its
entirety to Shanghai Qingke Investment Consulting Co., Ltd. 
 Bing Xiao (ID Card No. [***]) has contributed RMB 1.047 million and
owned 10.47% of the equity, which is to be pledged in its entirety to Shanghai Qingke Investment Consulting Co., Ltd. 
 Xiamen Siyuan
Investment Management Co., Ltd (Registered address: Section B, Room 365, 859 Lianqian West Road, Siming District, Xiamen City) has contributed RMB 1.5 million and owned 15% of the equity, which is to be pledged in its entirety to Shanghai
Qingke Investment Consulting Co., Ltd. 
 (No Body Text Below) 

 (This is the signing page of the Appendix I: Register of Members of Shanghai Qingke E-commerce Co., Ltd to the Equity Pledge Agreement only) 
 Shanghai Qingke
E-commerce Co., Ltd. (Seal) 
 (Sealed) 

Legal representative: Guangjie Jin 
 Authorized representative
(signature): /s/ Guangjie Jin                                 

Date:                      

 Appendix II: 

Form of Power of Attorney 
 I,
Bing Xiao, hereby irrevocably entrust Guangjie Jin ID Card No. [***], as my entrusted agent, with the power and authority to execute all legal documents necessary or useful for Shanghai Qingke Investment Consulting Co., Ltd to
exercise its rights under the Equity Pledge Agreement, and complete all procedures for registration with industrial and commercial authorities with respect to the Equity Pledge. 

(No Body Text Below) 
 Signature:
                     
 Date:

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