Document:

EX-4.7

 Exhibit 4.7 

Exclusive Option Agreement 
 This
Exclusive Option Agreement (“this Agreement”) was signed by the following parties on October 25, 2021: 
 Party A: Jiangsu Manyun
Logistics Information Co., Ltd. (originally Beijing Manyun Logistics Information Co., Ltd.), a wholly foreign-owned enterprise established and validly existing under Chinese laws, with its registered address at 3F, Building A, Wanbo
Science & Technology Park, No.66 Huashen Avenue, Yuhuatai District, Nanjing; 
 Party B: 

 

	1.	 Hui Zhang, ID Number **********; 

 

	2.	 Guizhen Ma, ID Number **********; 

Party C: Jiangsu Manyun Software Technology Co., Ltd., a limited liability company established and validly existing under Chinese law, with its
registered address at 3-6F, Building 3 (Building A), Wanbo Science & Technology Park, No. 20 Fengxin Road, Yuhuatai District, Nanjing. 

(Party A, Party B and Party C are individually referred to as a “Party” and collectively referred to as the “Parties”.) 

Whereas: 
 (1) Party B is a registered shareholder of Party C,
and holds 100% equity of Party C in total. On the signing date of this Agreement, its capital contribution and shareholding ratio in the registered capital of Party C are shown in Annex I of this Agreement. 

(2) Party B agrees to grant Party A an irrevocable call option exclusively. According to such call option, Party B shall transfer the underlying equity to
Party A and/or any other third party designated by Party A according to the requirements of Party A under the premise permitted by Chinese laws. 
 In
witness whereof, all parties have reached the following agreement through consensus: 
 1. Call Option 

1.1 During the validity period of this Agreement, Party A has the right to request all natural persons of Party B to transfer all or part of the equity of
Party C (“Underlying Equity”) according to the specific requirements of Party A at any time under the following circumstances, and Party B shall transfer the underlying equity to Party A and/or the third party designated by Party A
according to Party A’s requirements: 
 (1) According to Chinese laws, Party A and/or the third party designated by Party A may hold all or part of the
underlying equity; or 
 (2) Other circumstances deemed appropriate or necessary by Party A. 

The call options obtained by Party A under this Agreement are exclusive, unconditional and irrevocable. 

1.2 All parties agree that Party A has the right to exercise all or part of the call options and obtain all or part of the underlying equity at its own
discretion. All parties further agree that when Party A exercises the call option according to the provisions of this Agreement, the time, manner, quantity and frequency are not limited. 

 1.3 All parties agree that Party A may designate any third party to receive all or part of the underlying
equity, and Party B shall not refuse to transfer all or part of the underlying equity to the designated third party except in cases explicitly prohibited by Chinese laws. 

1.4 Before the underlying equity is transferred to Party A or the third party designated by Party A according to the provisions of this Agreement, Party B
shall not transfer the underlying equity to any third party without the prior written consent of Party A, otherwise such transfer will be invalid. 
 2.
Procedure 
 2.1 Party B shall sign the Equity Transfer Contract in the format specified in Annex II of this Agreement while signing this Agreement, and
submit this document to Party A. 
 2.2 If Party A decides to exercise the call option in accordance with Article 1.1 above, it shall send a written
exercise notice to Party B (in the format specified in Annex III of this Agreement), and shall state the proportion or quantity of the underlying equity to be transferred and the name and identity of the transferee in the notice. Party B and Party C
shall provide all necessary information and documents for handling the equity transfer procedures within seven days after receiving the notice from Party A. 

2.3 Except for the conditions mentioned in Article 1.1 and the notice mentioned in Article 2.2 of this Agreement, when Party A transfers the underlying
equity, there are no other prerequisite or incidental conditions or procedures. 
 2.4 Party B shall provide necessary and timely support to Party C, and
assist Party C to handle the approval procedures in the approval authority in accordance with applicable Chinese laws (if required by law) and handle the equity transfer procedures in the administrative department for industry and commerce. 

2.5 The date when the transfer procedures for the underlying equity are completed is the date when the exercise of the call option is completed. 

3. Transfer Price 
 3.1 The total transfer price of the
underlying equity shall be the lowest price allowed by Chinese laws and regulations when the equity is transferred. If the underlying equity is transferred by stages or in batches, the corresponding transfer price shall be determined according to
the specific transfer time and transfer ratio. 
 3.2 The taxes arising from the transfer of the underlying equity shall be borne by each party according to
law. 
 3.3 Party B agrees that all the exercise price (if any) obtained by Party B when Party A or the third party designated by Party A exercises the
right will be freely given to Party C in a manner permitted by law. 
 4. Representations, Warranties and Undertakings 

4.1 Any party hereby represents and warrants to the other parties as follows: 

(1) The party has complete and independent legal status and legal ability to sign, deliver and perform this Agreement, and can independently act as the
litigation subject; 
 (2) The party has all necessary rights, capabilities and authority to sign this Agreement and perform all obligations and
responsibilities under this Agreement; 
 (3) The party has handled all necessary internal procedures for signing this Agreement and obtained all necessary
internal and external authorizations and approvals; 

 (4) When signing and performing this Agreement, the party will not violate any major contract or agreement
that binds the party or its assets; and 
 (5) This Agreement shall be legally and properly signed and delivered by the party. This Agreement constitutes a
legal and binding obligation of the party. 
 4.2 Party B and Party C jointly make further representations and guarantees to Party A as follows: 

(1) On the effective date of this Agreement, Party B legally owns the equity of Party C, and has complete and effective right to dispose of the equity. The
registered capital of Party C has been fully paid up. Except for the pledge right stipulated in the Equity Interest Pledge Agreement, the authority stipulated in the Voting Agreement, the call option stipulated in this Agreement and other rights
agreed by Party A in writing, the equity of Party C owned by Party B shall be free from any mortgage, pledge, guarantee or other third party right, and shall not be subject to any third party recourse; and any third party has no right to allocate,
issue, sell, transfer or convert any equity of Party C according to any Call Option Agreement, Equity Replacement Agreement, Stock Option Agreement or other agreements. 

(2) Within the validity period of this Agreement, Party B shall not transfer any equity held by Party C to any third party, or the transferred equity shall be
free and clean of any mortgage, pledge, any other types of encumbrances without the prior written consent of Party A. 
 (3) Where permitted by relevant
Chinese laws, Party B and Party C will extend the operating period of Party C according to the approved operating period of Party A, so that the operating period of Party C is equal to the operating period of Party A (if applicable). 

(4) Within the validity period of this Agreement, without the written consent of Party A, Party B: 

(i) shall not increase or decrease the registered capital of Party C, or cause Party C to merge with any other entity; 

(ii) shall not dispose of or urge the management of Party C to dispose of any major assets of Party C; 

(iii) shall not terminate or urge the management of Party C to terminate any major agreement signed by Party C, or sign any other agreement that conflicts
with the existing major agreement. 
 (iv) shall not appoint or replace any director, supervisor or other management personnel of Party C; 

(v) shall not urge Party C to announce the distribution or actually distribute any distributable profits or dividends; 

(vi) shall ensure that Party C effectively survives and is not terminated, liquidated or dissolved; 

(vii) shall not amend the articles of association of Party C; and 

(viii) shall ensure that Party C will not lend or borrow loans, provide guarantees or issue the guarantees in other forms, or undertake any substantive
obligations besides the normal business activities. 
 (5) Once Party A issues a written exercise notice: 

(i) Party B shall immediately convene the shareholders’ meeting, pass the resolutions of the shareholder meeting and take other necessary actions, and
agree to transfer the underlying equity to Party A and/or its designated third party at the agreed share price, and waive its first refusal right; 

 (ii) According to the signed Equity Transfer Contract, Party B shall immediately transfer the underlying
equity to Party A and/or its designated third party at the agreed transfer price, and provide necessary support (including providing and signing all relevant legal documents, performing all government approval and registration procedures and
undertaking all relevant obligations) to Party A and/or its designated third party to obtain the underlying equity, and the underlying equity shall be free of any legal defects and free from encumbrances and rights such as security interests, third
party restrictions or any other restrictions on the equity. 
 (6) If Party C is dissolved or liquidated in accordance with the laws and regulations of the
PRC, all remaining assets attributable to Party B will be transferred to Party A or a third party designated by Party A in accordance with the minimum purchase price permitted by the laws and regulations of the PRC. Each of Party B and Party C
undertakes that it will return the consideration received in respect of such transfer to Party A or a third party designated by it in full in accordance with the laws of the PRC; 

(7) If the bankruptcy, reorganization or merger of Party C, the disappearance, death, incapacity, divorce, marriage or any other event of Party B results in a
change in the equity in Party C held by Party B or results in circumstances affecting the exercise by Party B of its shareholder rights in Party C, then: 

(i) the successor of the equity in Party C held by Party B or any other person entitled to claim rights or benefits in respect of the equity in Party C held by
Party B and any interest attached thereto shall be bound by this Agreement; and 
 (ii) unless otherwise agreed by Party A in writing, the sale of the
equity in Party C shall also be bound by this Agreement. 
 5. Confidentiality 

The existence and terms of this Agreement are confidential information. Without the prior written consent of the other parties, any party shall not disclose
the confidential information to any third party, except the senior staff, directors, employees, agents and professional consultants related to the project, unless all parties shall disclose the information about this Agreement to the government, the
public or shareholders according to law, or submit this Agreement to relevant institutions for filing. This article shall survive any change, cancellation or termination of this Agreement. 

6. Notice 
 Any notice, consent, contract or other
communication issued under or in connection with this Agreement shall be in written form and shall be sent to the following address or other address known by all parties. 

Party A: Jiangsu Manyun Logistics Information Co., Ltd. 

Address: 3F, Building A, Wanbo Science & Technology Park, No.66 Huashen Avenue, Yuhuatai District, Nanjing, China 

Party B: Hui Zhang 
 Address: ********** 

Party B: Guizhen Ma 
 Address: ********** 

Party C: Jiangsu Manyun Software Technology Co., Ltd. 
 Address:
3-6F, Building 3 (Building A), Wanbo Science & Technology Park, No. 20 Fengxin Road, Yuhuatai District, Nanjing 

 Unless otherwise specified in this Agreement, the notice or communication delivered in person shall be
deemed to have been delivered at the time of delivery. Any notice or communication sent in the form of prepaid envelope shall be deemed to have been delivered forty-eight (48) hours after being posted. 

7. Default Liability 
 If one party fails to perform any
of its obligations under this Agreement, or any statement or guarantee made by it under this Agreement is untrue or inaccurate, the party is in violation of this Agreement and should compensate for the actual losses caused to the other parties. 

8. Force Majeure 
 Force Majeure refers to events
(including but not limited to earthquake, typhoon, flood, fire, strike, war or riot) that any party cannot foresee and cannot avoid, control and overcome when this Agreement is signed. If the performance of the Agreement is affected by force
majeure, the party suffering from force majeure shall immediately (i) notify the other parties by telegraph, fax or other electronic form and provide corresponding documentary evidence within fifteen (15) working days; (ii) take all
reasonable measures to eliminate or mitigate the impact caused by the force majeure, and resume the performance of relevant obligations after the impact caused by the force majeure is eliminated or mitigated. According to the degree of impact on the
performance of this Agreement, all parties shall decide through negotiation whether to cancel the Agreement, or whether to partially waive the responsibility for the performance of the Agreement, or whether to delay the performance of the Agreement.

 9. Supplementary Provisions 
 9.1 This Agreement
shall be governed by the laws of China in all respects. All disputes arising from the performance of this Agreement shall be settled by all parties through friendly negotiation. If all parties fail to reach consensus within thirty (30) days
after the disputes arise, the disputes shall be submitted to Shanghai Branch of China International Economic and Trade Arbitration Commission for arbitration in accordance with the arbitration rules then in effect. The seat of arbitration shall be
Shanghai. The arbitration shall be made in Chinese. The arbitration award shall be final and binding on all parties. Except for the part being submitted for arbitration, other parts of this agreement shall remain valid. During the arbitration, all
parties have the right to apply to the people’s court where the Party C is located for property preservation or take other measures permitted by law, so as to support the arbitration. 

9.2 This Agreement shall come into force from the date of its execution by all parties, and shall be terminated after Party A exercises its call option
according to this Agreement and obtains all the underlying equity of Party C or when all parties reach any agreement on dissolution of this Agreement. 

9.3 The Annexes to this Agreement shall be an integral part of this Agreement and have the same effect as the text of this Agreement. 

9.4 Each article of this Agreement shall be separable and independent from other articles. If any one or more articles of this Agreement become invalid,
illegal or unenforceable at any time, the validity, legality and enforceability of other articles will not be affected. 
 9.5 This Agreement shall be
binding on the legal assignees or successors of all parties. 
 9.6 All parties shall bear and pay the taxes involved in this Agreement according to law.

 9.7 This Agreement and its annexes constitute the entire agreement concerning the transactions under this Agreement, and shall replace any and all oral
or written communications, commitments, memos or any other discussions made by all parties on matters related to this Agreement. 

 9.8 Any amendment or supplement to this Agreement must be made in written form, and shall come into effect
only after being effectively signed by all parties to this Agreement. 
 9.9 This Agreement shall be made in Chinese and in quadruplicate. Party A and Party
C shall hold one copy respectively; and Party B shall hold two copies. 
 (No text below) 

 (Signature page to Exclusive Option Agreement) 

 

					
	 Party A: Jiangsu Manyun Logistics Information Co., Ltd.
	  	
			
	 Legal Representative (signature)
	 	 /s/ Guizhen Ma
	  	
		 	 Guizhen Ma
	  	

  

					
	 Party B:
	  	
			
	By:	 	 /s/ Hui Zhang
	  	
	Name:	 	 Hui Zhang
	  	
			
	By:	 	 /s/ Guizhen Ma
	  	
	Name:	 	 Guizhen Ma
	  	

  

					
	 Party C: Jiangsu Manyun Software Technology Co., Ltd.
	  	
			
	Legal Representative (signature)	 	 /s/ Zhengju Qian
	  	
		 	 Zhengju Qian
	  	

 [This page is Annex I to the Exclusive Option Agreement] 

Basic information 
 Company name: Jiangsu
Manyun Software Technology Co., Ltd. 
 Registered capital: RMB 10,000,000 

Paid-in capital: RMB 0 

Legal representative: Zhengju Qian 
 Equity structure: 

													
	Name of stockholder	  	 Amount of
contribution

(RMB
10,000)
	 	  	Ratio of
contribution
(%)	 	 	Method of
contribution	 
	 Hui Zhang
	  	 	700	 	  	 	70	% 	 	 	Currency	 
	 Guizhen Ma
	  	 	300	 	  	 	30	% 	 	 	Currency	 

 [This page is Annex II to the Exclusive Option Agreement ] 

Equity Transfer Contract 
 This Equity
Transfer Contract (the “Contract”) is signed by both parties on MM/DD/YY: 
 Transferor (Party A): 

 

	1.	 Hui Zhang, ID Number ************; 

 

	2.	 Guizhen Ma, ID Number ************; 

Transferee (Party B): 
 (Party A and Party B are individually
referred to as “one party” and collectively as “both parties”) 
 Through friendly negotiation, the two parties have
reached the following agreement on matters regarding the equity transfer: 
 1. The Transferor agrees to transfer __% of its equity in Jiangsu Manyun
Software Technology Co., Ltd. (the “Target Equity”) to the Transferee at RMB ___, and the Transferee agrees to accept the Target Equity. 

2. After the equity transfer, the Transferor shall no longer enjoy shareholder’s rights or assume shareholder’s obligations of the Target Equity,
and the Transferee shall enjoy shareholder’s rights and assume shareholder’s obligations of the Target Equity. 
 3. For matters not mentioned
herein, a supplementary agreement may be signed by both parties. 
 4. This Contract shall come into force on the date of signature of both parties hereto.

 5. This Contract shall be made in _ copies. Party A and Party B shall each hold one copy and the rest shall be used for industrial and commercial
registration of changes. 
 (No text below) 

 [This page is the signature page of the Equity Transfer Contract] 

 

			
	 Transferor:
	 	
	 Hui Zhang (signature):
	 	 
	 Guizhen Ma (signature):
	 	 

 Transferee: 

			
	 	 	

 [This page is Annex III to the Exclusive Option Agreement] 

NOTICE OF EXERCISE 
 To: Jiangsu Manyun
Software Technology Co., Ltd. (“you”) and your shareholders 
 Whereas we signed an Exclusive Option Agreement with you and your
shareholders on (MM/DD/YY), it is agreed that under the conditions permitted by the relevant laws and regulations of China, your shareholders shall, at the request of us, sell the equity they hold in you to us or the transferee designated by
us. 
 Therefore, we hereby sends this notice to you and your shareholders as follows: 

We hereby request to exercise the call option under the Exclusive Option Agreement at a price of RMB __. We/the transferee designated by us
shall purchase the equity held by your shareholders that accounts for ___% of your registered capital (the “equity to be transferred”). Upon receipt of this notice, you and your shareholders shall, in accordance with the
terms of the Exclusive Option Agreement , go through the necessary procedures for selling all the equity to be transferred to us/the transferee designated by the us within ___workdays. 

 

	
	 Jiangsu Manyun Logistics Information Co., Ltd.

	(Stamp)

  

			
	 Signature:
	 	 
	 Name:
	 	 
	 Position:
	 	 
	 Date:EX-4.8

 Exhibit 4.8 

Equity Interest Pledge Agreement 
 This
Equity Interest Pledge Agreement (this “Agreement”) is signed by the following parties on November 16, 2021: 
 Party A: Full
Truck Alliance Information Consulting Co., Ltd., a wholly foreign-owned enterprise established and validly existing under Chinese laws, with its registered address at No.123 Kaifa Road, Economic and Technical Development Area, Guiyang, Guizhou;

 Party B: 
 1. Hui Zhang, ID Number **********; 

2. Guizhen Ma, ID Number **********; 
 Party C: Guiyang
Shan’en Technology Co., Ltd., a limited liability company established and validly existing under Chinese law, with its registered address at No.123 Kaifa Road, Economic and Technical Development Area, Guiyang, Guizhou. 

(Party A, Party B and Party C are individually referred to as a “Party” and collectively referred to as the “Parties”.) 

Whereas: 
 (1) Party A, Party B and Party C have respectively
signed the agreements listed in the annex to this Agreement and the annexes to such agreements (collectively referred to as the “Master Contract”); 

(2) Party B holds totally 100% equity of Party C; Party B intends to unconditionally and irrevocably pledge its equity of Party C to Party A as a guarantee
for Party B and Party C to perform all their obligations under the Master Contract. Party A also agrees to accept the aforementioned secured interest (the “Pledge Right”). 

Whereas, after friendly negotiation, Party A, Party B and Party C have agreed the following agreement for joint compliance: 

1. Pledge 
 Party B agrees to unconditionally and
irrevocably pledge all 100% equity of Party C (the “Pledged Equity”) to Party A as a guarantee for Party B and Party C to perform all their obligations under the Master Contract. The amount and ratio of capital contribution pledged
by each shareholder are as follows: 
  

									
	Name of shareholders	  	Pledge capital contribution (RMB: 10,000)	 	  	Pledge capital contribution ratio (%)	 
	 Hui Zhang
	  	 	700	 	  	 	70	% 
	 Guizhen Ma
	  	 	300	 	  	 	30	% 
	 Total
	  	 	1,000	 	  	 	100	% 

 2. Scope of Warranty 
 The
scope of warranty of the pledged equity under this Agreement includes all the obligations of Party B and Party C under the Master Contract (including but not limited to any payment due but yet not paid to Party A, liquidated damages, damage awards,
etc.), the costs for the realization of the principal creditor’s right and the pledge right, and all other related costs. 

 3. Pledge Period 

The equity pledge under this Agreement shall be established from the date when it is registered in the administrative department for industry and commerce of
Party C, and shall be terminated when all the master contracts have been fulfilled, expired or terminated (whichever is later). Within the pledge period, if Party B, Party C, and/or their legal assignees or successors fail to fulfill any of their
obligations under any master contract, or any event of default under Article 8.1 of this Agreement occurs, Party A shall have the right to dispose of the pledge equity according to the provisions of this Agreement. 

4. Registration 
 4.1 Party B and C undertake to Party A
that they will (i) record the equity pledge issue under this Agreement on the register of shareholders of Party C on the signing date of this Agreement and will submit the register of shareholders after the equity pledge is recorded to Party A;
(ii) deliver the capital contribution certificate issued by Party C to Party B to Party A on the signing date of this Agreement; and (iii) within ten working days since the signing date of this Agreement or with other feasible shortest
period, register the aforementioned equity pledge to the relevant industrial and commercial registration authority for filing, and obtain the relevant registration and filing written certificates from the registration authority. On the premise of
abiding by other provisions of this Agreement, during the term of this Agreement, except for registration and amendment required by Party C’s operation, Party C’s register of shareholders will be kept by Party A or its designated
personnel. 
 4.2 Party B and Party C further undertake that after the signing of this Agreement, with Party A’s prior written consent, Party B can
increase the capital on Party C; after the capital increase, Party B and Party C shall sign an Equity Interest Pledge Agreement with Party A additionally, and shall pledge all equity after capital increase to Party A; at the same time, carry out
necessary amendments to the register of shareholders and the amount of equity contribution of the relevant company immediately, and perform the pledge procedure stipulated in Article 4.1. 

4.3 All costs and actual expenses related to this Agreement, including but not limited to registration fee, cost of production, stamp duty, and any other
taxes and expenses, shall be borne by each party respectively according to the relevant laws and regulations. 
 5. Representations and Warranties of
Party B and Party C 
 Party B and Party C hereby separately and jointly represent and warrant to Party A as follows: 

5.1 Party B, as the legal owner of the pledge equity, has no dispute about the ownership of the pledge equity that has or may occur. Party B has the right to
dispose of part and/or all of the pledge equity, and such right to dispose of is not restricted by any third party. 
 5.2 Except for the pledge right
stipulated in this Agreement, the power of attorney stipulated in the Power of Attorney and the call option stipulated in the Exclusive Option Agreement, Party B has not set any other security rights or third party rights and other
encumbrances on the pledge equity. 
 5.3 This Agreement is properly signed between Party B and Party C, constituting legal, effective and binding
obligations on them. 
 5.4 Party B and Party C sign and fulfill this Agreement and all applicable laws, any agreement with them as one party or with
binding force on their assets, any court decision, any arbitration organ’s arbitrament, and any administrative organ’s decision (if any), without any violation or conflict. 

5.5 On the premise of permitted by Chinese law, the pledge under this Agreement constitutes the security interest of the first order for the pledge equity.

 5.6 Party B and Party C fully understand the content of this Agreement, and their signing and performance of this Agreement are voluntary, with all the
meanings true. Party B and Party C have taken all necessary measures according to Party A’s reasonable requirements, obtained all internal authorizations required by the signing and performance of this Agreement, and signed all necessary
documents to ensure that the equity pledge under this Agreement is legal and effective. 

 5.7 In the duration of this Agreement, Party B and Party C shall abide by and implement all Chinese laws and
regulations related to the pledge of rights. Upon receipt of notices, instructions or suggestions issued by the relevant competent authorities on pledge equity, they shall show the above notices, instructions or suggestions to Party A within five
(5) working days, and at the same time abide by the above notices, instructions or suggestions, or raise objections and statements on the above matters according to Party A’s reasonable requirements or with Party A’s written consent.

 5.8 Party B and Party C will not implement, nor promote or allow other parties to conduct any behaviors that may detract, harm or otherwise damage the
value of the pledge equity or the pledge right of Party A. Party B and Party C shall notify Party A in writing within five (5) working days from the date when they have known any events and behaviors that may affect the value of the pledge
equity or the pledge right of Party A. Party A shall take no responsibility for any decrease in the value of the pledge equity, and Party B and Party C shall have no right to recourse or make any request to Party A in any form. 

5.9 Under the condition of complying with the relevant Chinese laws and regulations, the equity pledge under this Agreement is a continuing guaranty and
remains fully effective in the duration of this Agreement. Even if Party B or Party C is insolvent, liquidated, incapacitated, or has changes in organization or status, or has any capital offset between the parties, or any other event, the equity
pledge under this Agreement will not be affected. 
 5.10 For the purpose of implementing this Agreement, Party A has the right to dispose of the pledge
equity in the way stipulated in this Agreement, and Party A shall not be subject to any interruption or impairment through the legal process by Party B or Party C, or the successor of Party B or Party C, or the consignor of Party B or Party C or
anyone else, when Party A exercises its rights according to the terms of this Agreement. 
 5.11 In order to protect or improve this Agreement’s
guarantee for Party B and Party C to fulfill the obligations under the Master Contract, Party B and Party C will sign in good faith, and urge other interested parties related to the pledge equity to sign all the certificates and contracts of rights
related to the implementation of this Agreement and required by Party A, and/or perform or urge other interested parties to fulfill behaviors required by Party A and related to the implementation of this Agreement, and provide convenience for the
exercise of the rights and authorizations granted to Party A under this Agreement. 
 In order to guarantee the interests of Party A, Party B and Party C
will abide by and perform all warranties, undertakings, agreements, representations and conditions. If Party B and/or Party C fails to perform or incompletely performs their warranties, undertakings, agreements, representations and conditions,
causing damages to Party A, Party B and/or Party C shall compensate Party A for all losses incurred thereby. 
 6. Undertakings by Party B 

Party B hereby undertakes to Party A as follows: 
 6.1 Without
Party A’s prior written consent, Party B shall not re-establish or allow to establish any new pledge or any other security interest on the pledge equity, and any fully or partly established pledge on the
pledge equity without Party A’s prior written consent or any other security interest will be invalid. 
 6.2 Without prior written notice to Party A
and obtaining its prior written consent, Party B shall not transfer the pledge equity, and all of Party B’s actions of transferring the pledge equity without Party A’s prior written consent will be invalid. 

 6.3 When any lawsuit, arbitration or other request occurs, and may adversely affect Party A’s rights
and interests or pledge equity under this Agreement, Party B shall warrant to immediately notify Party A in writing and shall take all necessary measures according to Party A’s reasonable requirements, to ensure Party A’s pledge rights and
interests on pledge equity. 
 6.4 Party B shall not conduct or allow any behavior that may adversely affect Party A’s interests and rights or pledge
equity under the Master Contract and this Agreement. 
 6.5 Party B shall warrant to take all necessary measures and sign all necessary documents (including
but not limited to the supplementary agreement of this Agreement) according to Party A’s reasonable requirements to ensure Party A’s pledge rights and interests on the pledge equity and the exercise and realization of such rights. 

6.6 If any transfer of pledge equity is caused by the exercise of the pledge right under this Agreement, Party B shall warrant to take all measures to realize
such transfer. 
 6.7 Party B will provide Party A with Party C’s financial statements of the previous Gregorian calendar quarter within the first
month of each Gregorian calendar quarter, including (but not limited to) balance sheet, income statement and cash flow statement. 
 7. Undertakings by
Party C 
 Party C hereby further undertakes to Party A as follows: 

7.1 Without Party A’s prior written consent, Party C will not assist or allow Party B to re-establish any new
pledge or any other security interest on the pledge equity. 
 7.2 Without the prior written consent of Party A, Party C will not assist or allow Party B to
transfer the pledge equity. 
 7.3 When any lawsuit, arbitration or other request occurs, and may adversely affect the pledge equity or Party A’s
rights and interests under this Agreement, Party C shall warrant to immediately notify Party A in writing and shall take all necessary measures according to Party A’s reasonable requirements, to ensure Party A’s pledge rights and interests
on pledge equity. 
 7.4 Party C shall not conduct or allow any behavior that may adversely affect Party A’s interests and rights or pledge equity
under the Master Contract and this Agreement. 
 7.5 Party C shall warrant to take all necessary measures and sign all necessary documents (including but
not limited to the supplementary agreement of this Agreement) according to Party A’s reasonable requirements to ensure Party A’s pledge rights and interests on the pledge equity and the exercise and realization of such rights. 

7.6 If any transfer of pledge equity is caused by the exercise of the pledge right under this Agreement, Party C shall warrant to take all reasonable measures
to realize such transfer. 
 8. Event of Exercise and Exercise of Pledge 

8.1 In case of any of the following events (the “Event of Exercise”), Party A may choose to request Party B or Party C to immediately and
fully perform all of its obligations under this Agreement, and the pledge right established under this Agreement can also be exercised immediately: 
 (a)
Any representations, warranties or undertakings made by Party B and Party C in this Agreement or the Master Contract are inconsistent, incorrect, untrue or no longer correct or true in any respect; or Party B, Party C or their legal assignees or
successors violate or fail to abide by any of its obligations under this Agreement or the Master Contract or any undertakings and warranties that made; or 

 (b) Any one or more of the obligations of Party B, Party C or their legal assignees or successors under this
Agreement or any master contract are deemed as illegal or invalid transactions; or 
 (c) Party B or Party C or their legal assignees or successors
seriously violate their obligations under this Agreement. 
 8.2 In case of any of the above exercise events, Party A may exercise the pledge right by
purchasing at a discount, appointing other party to purchase at a discount, auction or sell the pledge equity according to the relevant Chinese laws and regulations. Party A can exercise the pledge right under this Agreement without needing to first
exercise other guarantees or rights, or take other measures or procedures against Party B and/or Party C or anyone else. 
 8.3 Upon the request of Party A,
Party B and Party C shall take all legal and appropriate actions required by Party A to enable it to exercise the pledge right according to this Agreement. For this purpose, Party B and Party C shall sign all the documents and materials reasonably
required by Party A, and shall implement and handle all actions and issues reasonably required by Party A. 
 9. Transfer 

9.1 Unless with the prior written consent of Party A, Party B and Party C shall have no right to grant or transfer any of their rights and obligations under
this Agreement to any third party, but not including the Exclusive Option Agreement signed between Party B and Party A. 
 9.2 This Agreement is
binding upon Party B and its legal assignees or successors, and is valid for Party A and each legal assignee or successor. 
 9.3 Party A may transfer all
or any of its rights and obligations under the Master Contract to its designated party (which may be a natural person/legal person) at any time, in this case, the assignee shall enjoy and assume the rights and obligations that Party A enjoys and
assumes under this Agreement, just as it shall enjoy and assume as a party to this Agreement. When Party A transfers the rights and obligations under the Master Contract, upon the request of Party A, Party B and/or Party C shall sign relevant
agreements and documents with regard to such transfer. 
 9.4 If any change of Party in this Agreement is caused by the above transfer of Party A, both
parties to the new pledge shall sign another pledge agreement, and Party B and Party C shall assist the assignee in handling all the equity pledge registration changes (if applicable). 

10. Fundamental Change of Circumstances 
 10.1 As a
supplement, and without violating other terms of the Master Contract and this Agreement, if at any time, due to the promulgation or change of any Chinese laws, regulations or rules, or due to the change of interpretation or application of such laws,
regulations or rules, or due to the change of related registration procedures, Party A deems that it becomes illegal to keep this Agreement effective and/or dispose of the pledge equity in the way stipulated in this Agreement or violates such laws,
regulations or rules, Party B and C Party shall immediately take any action, and/or sign any agreements or other documents following Party A’s written instructions and according to Party A’s reasonable requirements, so as to: 

(a) Maintain this Agreement effective; 
 (b) Facilitate to
dispose of the pledge equity in the way stipulated in this Agreement; and/or 
 (c) Maintain or realize the guarantee established or intended to be
established in this Agreement. 

 11. Confidentiality 

The existence and terms of this Agreement are confidential information. Without the prior written consent of the other parties, any party shall not disclose
the confidential information to any third party, except the senior staff, directors, employees, agents and professional consultants related to the project, unless all parties shall disclose the information about this Agreement to the government, the
public or shareholders according to law, or submit this Agreement to relevant institutions for filing. This article shall survive any change, cancellation or termination of this Agreement. 

12. Default Liability 
 If one party fails to perform any
of its obligations under this Agreement, or any statement or guarantee made by it under this Agreement is untrue or inaccurate, the party is in violation of this Agreement and should compensate for the actual losses caused to the other parties. 

13. Force Majeure 
 Force Majeure refers to events
(including but not limited to earthquake, typhoon, flood, fire, strike, war or riot) that any party cannot foresee and cannot avoid, control and overcome when this Agreement is signed. If the performance of the Agreement is affected by force
majeure, the party suffering from force majeure shall immediately (i) notify the other parties by telegraph, fax or other electronic form and provide corresponding documentary evidence within fifteen (15) working days; (ii) take all
reasonable measures to eliminate or mitigate the impact caused by the force majeure, and resume the performance of relevant obligations after the impact caused by the force majeure is eliminated or mitigated. According to the degree of impact on the
performance of this Agreement, all parties shall decide through negotiation whether to cancel the Agreement, or whether to partially waive the responsibility for the performance of the Agreement, or whether to delay the performance of the Agreement.

 14. Notice 
 Any notice, consent, contract or other
communication issued under or in connection with this Agreement shall be in written form and shall be sent to the following address or other address known by all parties. 

Party A: Full Truck Alliance Information Consulting Co., Ltd. 

Address: No.123 Kaifa Road, Economic and Technical Development Area, Guiyang, Guizhou 

Party B: Hui Zhang 
 Address: ********** 

Party B: Guizhen Ma 
 Address: ********** 

Party C: Guiyang Shan’en Technology Co., Ltd. 
 Address:
No.123 Kaifa Road, Economic and Technical Development Area, Guiyang, Guizhou 
 Unless otherwise specified in this Agreement, the notice or communication
delivered in person shall be deemed to have been delivered at the time of delivery. Any notice or communication sent in the form of prepaid envelope shall be deemed to have been delivered forty-eight (48) hours after being posted. 

 15. Supplementary Provisions 

15.1 This Agreement shall be governed by the laws of China in all respects. All disputes arising from the performance of this Agreement shall be settled by all
parties through friendly negotiation. If all parties fail to reach consensus within thirty (30) days after the disputes arise, the disputes shall be submitted to Shanghai Branch of China International Economic and Trade Arbitration Commission
for arbitration in accordance with the arbitration rules then in effect. The seat of arbitration shall be Shanghai. The arbitration shall be made in Chinese. The arbitration award shall be final and binding on all parties. Except for the part being
submitted for arbitration, other parts of this agreement shall remain valid. During the arbitration, all parties have the right to apply to the people’s court where the Party C is located for property preservation or take other measures
permitted by law, so as to support the arbitration. 
 15.2 This Agreement shall take effect since the date of signing by all parties and will be terminated
after all obligations under the Master Contract are fully implemented or terminated for any reason. 
 15.3 The Annexes to this Agreement shall be an
integral part of this Agreement and have the same effect as the text of this Agreement. 
 15.4 Each article of this Agreement shall be separable and
independent from other articles. If any one or more articles of this Agreement become invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other articles will not be affected. 

15.5 All parties shall bear and pay the taxes involved in this Agreement according to law. 

15.6 Any amendment or supplement to this Agreement must be made in written form, and shall come into effect only after being effectively signed by all parties
to this Agreement. 
 15.7 This Agreement is written in Chinese. The original is made in sextuplicate. Party A and Party C hold one copy for each; Party B
holds two copies; the remaining two originals shall be submitted to the related industrial and commercial registration authority for filing. 

(No text below) 

 (Signature page to Equity Interest Pledge Agreement) 

 

					
	Party A: Full Truck Alliance Information Consulting Co., Ltd.	  	
			
	Legal Representative (signature)	 	 /s/ Zhengju Qian
	  	
		 	Zhengju Qian	  	
		
	Party B:	  	
			
	Hui Zhang (signature):	 	 /s/ Hui Zhang
	  	
		 	 Hui Zhang
	  	
			
	Guizhen Ma (signature):	 	 /s/ Guizhen Ma
	  	
		 	 Guizhen Ma
	  	
		
	Party C: Guiyang Shan’en Technology Co., Ltd.	  	
			
	Legal Representative (signature)	 	 /s/ Zhengju Qian
	  	
		 	 Zhengju Qian
	  	

 [This page is an annex to the Equity Interest Pledge Agreement] 

List of Agreements 
 1. Exclusive Service Agreement 

2. Exclusive Option Agreement 
 3. Power of Attorney

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00343-of-00352.parquet"}]]