Document:

EX-10.4

 Exhibit 10.4 
  

 
  

Hangzhou Shiqu Information and Technology Co., Ltd. 

[Name of VIE Shareholder] 

And 
 [Name of VIE]

 Amended and Restated Shareholder Voting Proxy Agreement 

 
  

 
 [Date] 

 Amended and Restated Shareholder Voting Proxy Agreement 

This Amended and Restated Shareholder Voting Proxy Agreement (this “Agreement”) is entered into on [Date] by and among: 

 

	(1)	 Hangzhou Shiqu Information and Technology Co., Ltd. (the “WFOE”), a
wholly foreign-owned enterprise incorporated and validly existing under the laws of China, with the registered address: Room 1001, Building 1, Zheshang Fortune Center, Xihu District, Hangzhou. 

 

	(2)	 [Name of VIE Shareholder], citizen of PRC, ID Card No.: ******; and 

([Name of VIE Shareholder] shall be hereinafter referred to individually as a “Shareholder” and collectively as the
“Shareholders”) 
  

	(3)	 [Name of VIE] (the “Company”), a limited liability company incorporated and
validly existing under the laws of China, with the registered address: Room 1201, Building 1, Zheshang Fortune Center, Xihu District, Hangzhou. 

(In this Agreement, the parties above shall be hereinafter referred to individually as a “Party” or collectively as the
“Parties”.) 
 Whereas: 
  

	1.	 The Shareholders are all the shareholders of the Company and jointly own 100% equity of the company according
to the law; of which, [Name of VIE Shareholder] holds [Percentage of Capital Contribution] in the Company; 

  

	2.	 The Shareholders intend to respectively entrust the person designated by the WFOE to exercise their voting
rights in the Company as the shareholder of the Company, and such person designated by the WFOE is willing to accept such entrustment. 

THEREFORE, the Parties, upon friendly negotiation, hereby agree as follows: 

Article 1 Voting Rights Entrustment 
  

	1.1	 The Shareholders hereby irrevocably undertake that they authorize the WFOE or the person then designated by the
WFOE to exercise, on their behalf, the following rights available to them in their capacity as a shareholder of the Company under the then effective articles of association of the Company (collectively, “Proxy Rights”), and they
undertake that they will severally execute a power of attorney in the form and substance of Exhibit A attached hereto upon execution of this Agreement; 

  

	 	(1)	 to attend the shareholder meetings as the proxy of the Shareholders; 

  
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	 	(2)	 to exercise voting rights and sell or transfer the shareholder’s whole or part of their equity in the
company, on behalf of the Shareholders on all matters required to be deliberated and resolved by the shareholder meeting, including without limitation the appointment, election and dismissal of the directors and supervisors, and deciding hire or
dismiss the general manager, vice general manager and financial officers and other senior executives; 

  

	 	(3)	 to propose the interim shareholder meeting; 

 

	 	(4)	 to exercise other shareholders’ voting rights under the articles of association of the Company (including
any other shareholders’ voting rights stipulated upon an amendment to such articles of association); and 

  

	 	(5)	 other voting rights extended by the PRC laws and regulations (including the modification, alteration,
supplement and rewrite the content, regardless of the effect of time on this agreement concluded before and after). 

  

	1.2	 The premise of the authorization and entrust above is the Proxy is Chinese citizen and owned the WFOE’s
permission of the authorization and entrust above. The Shareholders shall not revoke the authorization and entrustment accorded to the Proxy other than in the case where the WFOE gives the Shareholders a written notice requesting the replacement of
the Proxy, in which event the Shareholders shall immediately appoint such other person as then designated by the WFOE to exercise the foregoing Proxy Rights and such new authorization and entrustment shall supersede, immediately upon its grant, the
original authorization and entrustment. 

  

	1.3	 The Proxy shall, acting with care and diligence, lawfully fulfill the entrusted rights and duties within the
scope of authorization hereunder; the Shareholders acknowledge, and assume liability for, any legal consequences arising out of the exercise by the Proxy of the Proxy Rights. 

 

	1.4	 The Shareholders hereby acknowledge that the Proxy will not be required to solicit the opinions of the
Shareholders when exercising the foregoing Proxy Rights instead of noticing, provided that the Proxy shall promptly inform the Shareholders (on an ex-post basis) of all resolutions adopted or any proposal for
an extraordinary shareholder meeting. 

 Article 2 Information Rights 

For the purpose of the exercise of the Proxy Rights hereunder, the Proxy shall have the right to access to information regarding the
operations, business, customers, finances, employees and other matters of the Company and look up relevant documents of the Company; the Company shall provide full cooperation with respect thereto. 

  
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 Article 3 Exercise of Proxy Rights 

 

	3.1.	 The Shareholders shall provide full assistance with respect to the exercise by the Proxy of the Proxy Rights,
including, where necessary (e.g., to meet the document submission requirements in connection with governmental authority approval, registration and filing), timely executing the shareholder meeting resolutions adopted by the Proxy or other relevant
legal documents. 

  

	3.2.	 If at any time during the term hereof, the grant or exercise of the Proxy Rights hereunder cannot be realized
for any reason (other than a breach by the Shareholders or the Company), the Parties shall immediately seek an alternative scheme closest to the unrealizable provisions and shall, when necessary, enter into a supplementary agreement to amend or
modify the terms hereof so that the purpose of this Agreement may continue to be achieved. 

  

	3.3.	 At any time during the term hereof, if any shareholder, with the approval of the WFOE to sell or transfer the
whole or part of their holding equity to any third party, the shareholder must ensure that the third party sign a form and content are basic consistent agreement with this agreement before the equity transfer, unless the prior written consent of the
WFOE by saving the request. 

 Article 4 Exculpation and Indemnification 

 

	4.1.	 The Parties acknowledge that in no event shall the WFOE be required to bear any liability or provide any
economic or other compensation to the other Parties or to any third party in connection with the exercise of the Proxy Rights hereunder by the WFOE or the person(s) designated by the WFOE. 

 

	4.2.	 The Shareholders agree to indemnify and hold harmless the WFOE against any and all losses the WFOE suffers or
may suffer as a result of the exercise of the Proxy Rights by Proxy , including without limitation any losses arising out of any suit, recourse, arbitration or claims brought by any third party against the WFOE or any administrative investigation or
sanction by any governmental authorities, unless such losses are caused by any willful misconduct or gross negligence of the WFOE. 

Article 5 Representations and Warranties 
  

	5.1.	 The Shareholders hereby severally and jointly represent and warrant that: 

 

	 	5.1.1.	 The shareholders are Chinese citizens and/or legal person respectively with full capacity for conduct; have
full and independent legal status and capacity, and may sue or be sued as an independent party. 

  

	 	5.1.2.	 They have full power and authorization to execute and deliver this Agreement and all other documents to be
executed by them in connection with the transactions contemplated hereunder as well as full power and authorization to consummate the transactions contemplated hereunder. 

 

	 	5.1.3.	 This Agreement will be lawfully and duly executed and delivered by them and will constitute their legal and
binding obligations enforceable against them in accordance with its terms. 

  
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	 	5.1.4.	 They are the legal owners of record of the Company as of the time of effectiveness of this Agreement; other
than the rights created under this Agreement and the Amended and Restated Equity Interest Pledge Agreement and the Amended and Restated Exclusive Option Agreement signed by and among the Company and the WFOE on [Date], the Proxy Rights are free from
any third party rights. Pursuant to this Agreement, the Proxy may fully and completely exercise the Proxy Rights under the effective articles of association of the Company. 

 

	5.2.	 The WFOE and the Company hereby severally represent and warrant that: 

 

	 	5.2.1.	 They are each a limited liability company duly registered and lawfully existing under the PRC laws with
independent legal personality, have full and independent legal status and capacity to execute, deliver and perform this Agreement and may sue or be sued as an independent party. 

 

	 	5.2.2.	 They have full internal corporate power and authorization to execute and deliver this Agreement and all other
documents to be executed by them in connection with the transactions contemplated hereunder as well as full power and authorization to consummate the transactions contemplated hereunder. 

 

	5.3.	 The Company further represents and warrants that the Shareholders are the legal owners of record of the Company
as of the time of effectiveness of this Agreement. The Proxy may fully and completely exercise the Proxy Rights under the effective articles of association of the Company according to the Agreement. 

Article 6 Confidentiality 
  

	6.1.	 Irrespective of whether this Agreement has been terminated, each of the Parties for the following information
shall have a confidentiality obligation: 

  

	 	(1)	 The signing and performing of this agreement, and the content of this Agreement; 

 

	 	(2)	 the trade secrets, proprietary information and customer information (collectively, the “Confidential
Information”) of the WFOE coming into its/his knowledge during the conclusion and performance of this Agreement. 

Any Party can only use such Confidential Information with the purpose of performing its obligations under this Agreement. Any Party shall not
disclose any Confidential Information above to any third party without the prior written consent made by the other Party. 

  
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	6.2.	 After the termination of this Agreement, any Party shall return, destroy or through other appropriate treatment
on the all documents and materials containing Confidential Information or software on the request by the other party, and stop using such Confidential Information. 

 

	6.3.	 Notwithstanding any other provisions of this Agreement, the validity of this Article shall not be affected by
suspension or termination of this Agreement. 

 Article 7 Term of Agreement 

 

	7.1.	 This Agreement shall become effective as from the date it is duly executed or sealed by the Parties and the
Shareholders become the shareholder of the Company after completion of the industrial and commercial alteration of the registered. Unless terminated early by the Parties by written agreement or in accordance with Article 9.1 hereof, so that the term
of this Agreement may continue. 

  

	7.2.	 If either of the Shareholder assigns, with prior written consent of the WFOE, all of his equity in the Company,
the transferring Shareholder shall cease to be a Party hereto, while the obligations and covenants of other Parities hereunder shall not be adversely affected thereby. 

Article 8 Notice 
 All notices and other
communications required to be given pursuant to this Agreement shall be delivered personally, or sent by registered mail, prepaid postage, a commercial courier service or facsimile transmission to the address of such Party set forth below. The dates
on which notices shall be deemed to have been effectively given shall be determined as follows: 
 Notices given by personal delivery,
courier service, registered mail or prepaid postage shall be deemed effectively given on the date of sending. 
 Notices given by facsimile
transmission shall be deemed effectively given on the date of successful transmission (as evidenced by an automatically generated confirmation of transmission). 

For the purpose of notices, the addresses of the Parties are as follows: 

Hangzhou Shiqu Information and Technology Co., Ltd. 

Address: Room 1001, Zheshang Fortune Center Block 1, 99 Gudun Road, 

Hangzhou 
 Fax: 0571-88867550 

[Name of VIE Shareholder] 

Address: ****** 
 Fax: ****** 

[Name of VIE] 
 Address: ******

 Fax: ****** 

  
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 Any Party may at any time change its address for notices by a notice delivered to the other
Party in accordance with the terms of this Section. 
 Article 9 Breach 
  

	9.1.	 The Parties agree and confirm that if any Party hereto (the “Breaching Party”) materially
breaches any provision hereof, or materially fails to perform any obligation hereunder, it shall constitute a default hereunder, and any of other Non-breaching Parties (the “Non-breaching Parties”) may request the Breaching Party to make correction or take remedy within a reasonable time limit. Should the Breaching Party still fail to make correction or take remedy within such
reasonable time limit or fifteen (15) days after the other Party notifies the Breaching Party in writing and requests for correction, then: 

  

	 	9.1.1.	 If the Breaching Party is any Shareholder or the Company, the WFOE shall have the right to terminate this
Agreement and request the Breaching Party to pay liquidated damages; or request the Breaching Party to continue to perform its obligations under this agreement, and request the Breaching Party to pay the all liquidated damages;

  

	 	9.1.2.	 If the Breaching Party is the WFOE, the Non-Breaching Party shall have
the right request the Breaching Party to pay liquidated damages, provided that the Non-Breaching Party shall have no right to terminate or rescind this Agreement, unless otherwise stipulated by the laws or
this Agreement. 

  

	9.2.	 In order to avoid doubt, shareholders or company can only terminate this agreement in accordance with the
provisions of this article only when the WFOE is in breach of contract. 

  

	9.3.	 Notwithstanding any other provisions of this Agreement, the validity of this Article shall not be affected by
any rescission or termination of this Agreement. 

 Article 10 Miscellaneous 

 

	10.1.	 This Agreement shall be written in Chinese and made in sextuplicate, with each Party hereto holding one copy.

  

	10.2.	 The execution, validity, performance, modification, explanation and the termination shall be governed by the
PRC laws. 

  

	10.3.	 Any dispute arising out of or in connection with this Agreement shall be resolved by the Parties upon
negotiation, If any dispute cannot reach an agreement within 30 days after the dispute arises, this dispute shall be submitted to Shanghai Arbitration Commission for arbitration in Shanghai, in accordance with its arbitration rules in effect at the
time of the arbitration. The arbitration award shall be final and binding on all Parties. 

  
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	10.4.	 Any rights, powers and remedies given to the Parties by any clause under this Agreement shall not exclude any
other rights, powers or remedies that the party entitles in accordance with the provisions of law and other provisions of this Agreement, and the exercise of the rights, powers and remedies of one party does not exclude the exercise of other rights,
powers and remedies that the party entitles. 

  

	10.5.	 The failure of one party to exercise or postpone the exercise of any rights, powers and remedies it entitles
under this Agreement or law (hereinafter referred to as “the right of the Party”), will not result in the waiving of such rights, and, the waiver of any single or part of the rights of the party shall not exclude the exercise of
such rights in other ways by the party or other rights of the party. 

  

	10.6.	 The exhibits to this Agreement are an integral part of this Agreement, and have the same legal effect as the
main text of this contract. 

  

	10.7.	 The headings of each provision of this Agreement are for indexing only. In any case, such headings shall not be
used to or affect the interpretation of the provisions of this Agreement. 

  

	10.8.	 Any provision of this Agreement is severable and independent of each other, If any one or more provisions of
this Agreement become invalid, illegal or unenforceable at any time, the validity, legality and enforceability of other provisions of the Agreement will not be affected. 

 

	10.9.	 Any amended and supplement to this Agreement shall be made in written and duly signed by the Parties
appropriately before it becomes effective. 

  

	10.10.	 Since the date of the enforcement of this Agreement, this agreement and its exhibits constitute an entire
agreement of the Parties regarding this Agreement. 

  

	10.11.	 Without prior written consent of other parties, neither Party may not transfer its rights or obligations to any
third party under this Agreement; the Shareholders and Company hereby agree that the WFOE has the right to transfer any of its rights or obligations under this Agreement to any third party after notifying all shareholders and Company in written.

  

	10.12.	 This Agreement is binding on all Parties’ legal successors. 

[REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK] 

  
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 [Signature Page to the Amended and Restated Shareholder Voting Proxy Agreement] 

IN WITNESS WHEREOF, the following Parties execute this Amended and Restated Shareholder Voting Proxy Agreement as of the date and address first above written.

 Hangzhou Shiqu Information and Technology Co., Ltd. 

(Seal: /s/ Hangzhou Shiqu Information and Technology Co., Ltd.) 

 [Signature Page to the Amended and Restated Shareholder Voting Proxy Agreement] 

IN WITNESS WHEREOF, the following Parties execute this Amended and Restated Shareholder Voting Proxy Agreement as of the date and address first above written.

  

			
	[Name of VIE Shareholder]
		
	By:	 	 /s/ [Name of VIE Shareholder]

 [Signature Page to the Amended and Restated Shareholder Voting Proxy Agreement] 

IN WITNESS WHEREOF, the following Parties execute this Amended and Restated Shareholder Voting Proxy Agreement as of the date and address first above written.

 [Name of VIE] 
 (Seal: /s/ [Name of VIE]) 

 Schedule of Material Differences 

One or more persons entered into an amended and restated shareholder voting proxy agreement using this form. Pursuant to Instruction ii to Item 601 of
Regulation S-K, the Registrant may only file this form as an exhibit with a schedule setting forth the material details in which the executed agreements differ from this form: 

 

											
	 No.
	  	 Name of VIE

Shareholder
	  	 Name of VIE
	  	 Date
	  	 Amount of

Capital

Contribution
	  	 Percentage of

Capital

Contribution

	1.	  	CHEN Qi	  	Hangzhou Juangua Network Co., Ltd.	  	July 18, 2018	  	5,867,000	  	58.67%
						
	2.	  	WEI Yibo	  	Hangzhou Juangua Network Co., Ltd.	  	July 18, 2018	  	2,362,000	  	23.62%
						
	3.	  	YUE Xuqiang	  	Hangzhou Juangua Network Co., Ltd.	  	July 18, 2018	  	1,771,000	  	17.71%
						
	4.	  	CHEN Qi	  	Beijing Meilishikong Network and Technology Co., Ltd.	  	August 20, 2017	  	1,075,020	  	52.44%
						
	5.	  	WEI Yibo	  	Beijing Meilishikong Network and Technology Co., Ltd.	  	August 20, 2017	  	547,760	  	26.72%
						
	6.	  	YUE Xuqiang	  	Beijing Meilishikong Network and Technology Co., Ltd.	  	August 20, 2017	  	406,720	  	19.81%
						
	7.	  	XU Yirong	  	Beijing Meilishikong Network and Technology Co., Ltd.	  	August 20, 2017	  	20,500	  	1.00%EX-10.5

 Exhibit 10.5 
  

 
  

CHEN Qi 
 WEI Yibo

 YUE Xuqiang 

Hangzhou Shiqu Information and Technology Co., Ltd. 

And 
 Hangzhou Juangua
Network Co., Ltd. 
 Amended and Restated Equity Interest Pledge Agreement 

 
  

 
 July 18, 2018 

 Amended and Restated Equity Interest Pledge Agreement 

This Amended and Restated Equity Interest Pledge Agreement (this “Agreement”) is made on July 18, 2018 by and among: 

 

	(1)	 CHEN Qi, a Chinese citizen with ID Card No.: ******; 

 

	(2)	 WEI Yibo, a Chinese citizen with ID Card No.: ******; and 

 

	(3)	 YUE Xuqiang, a Chinese citizen with ID Card No.: ******; 

(CHEN Qi, WEI Yibo and YUE Xuqiang respectively and jointly referred to as the “Pledgor” as following) 

 

	(4)	 Hangzhou Shiqu Information and Technology Co., Ltd. (the “Pledgee”), with its registered
address at 1001, Building 1, Zheshang Fortune Center, Xihu District, Hangzhou; and 

  

	(5)	 Hangzhou Juangua Network Co., Ltd. (the “Company”), with its registered address at 1201,
Building 1, Zheshang Fortune Center, Xihu District, Hangzhou. 

 (In this Agreement, each of the Party shall be hereinafter referred to as
a “Party” individually, and as the “Parties” collectively.) 
 Whereas: 

 

	1.	 On the effective date, the Pledgor shall become the registered shareholder of the Company and shall hold all
the shares of the Company, and the Pledgor’s contribution and shareholding in the Company’s registered capital are set forth in Exhibit A of this Agreement. 

 

	2.	 In accordance with the provisions of the amended and restated exclusive option agreement (the “Option
Agreement “) signed by the Pledgor, the Pledgee and the Company on July 18, 2018, the Pledgor shall, under the conditions permitted by the PRC laws, as required by the Pledgee, transfers all or part of his shareholdings in the Company
to the Pledgee and/or any other person designated by the Pledgee. 

  

	3.	 In accordance with the provisions of the amended and restated shareholder voting proxy agreement (the
“Voting Proxy Agreement”), signed by the Pledgor, the Pledgee and the Company on July 18, 2018, the Pledgor has fully entrusted the person designated by the Pledgor to represent the Pledgor to exercise the whole voting right
which he has owned as a shareholder of the Company. 

	4.	 According to the provisions of the second amended and restated exclusive consultation and service agreement
(the “Service Agreement”) signed by the Pledgee and the Company on July 18, 2018, the Company has engaged in exclusive employment of the Pledgee to provide relevant technical advice and services and will pay the Pledgee for the
consultations and services fee. 

  

	5.	 According to the provisions of the Loan Agreement (the “Loan Agreement”, together with the
Option Agreement, the Voting Proxy Agreement and the Service Agreement, the “Transaction Documents”) signed by the Pledgor and the Pledgee on the July 18, 2018, the Pledgee agrees to provide the Pledgor a total loan of
RMB10,000,000 to pay the registered capital to the target company. 

  

	6.	 The Pledgor agrees to pledge the ownership of all the shares of the Company to the Pledgee, and give the
Pledgee the right to be paid in the first order. These two above are as the guaranty and the Company’s performance of the contractual obligation (hereinafter defined) and the guarantee for the payment of the secured obligation (hereinafter
defined). 

 THEREFORE, the Parties, upon friendly negotiation, hereby agree as follows: 

Article 1 Definitions 
  

	1.1.	 Unless otherwise provided herein, in this Agreement, the terms below shall have the following meanings:

 “Contract Obligations”: shall refer to all the obligations of the Pledgor under the Transaction
Documents; and the obligations of the Pledgor under this Agreement. 
 “Secured Indebtedness”: shall refer to the all the
service fees, interests, liquidated damages and compensations stipulated under the transaction agreement, including the Pledgor should transfer to the Pledgee and/or its designated any other entity or individual combined ten million Yuan for the
transfer of the total amount is RMB 10,000,000.00 under the certain conditions of the conventions based on the Option Agreement . And all the direct, indirect, derivative losses and anticipated profits losses (The basis of the amount of such losses
including but not limited to the Pledgee’s reasonable business plan and profit forecast and the all reasonable fees due to the Pledgee enforce the Pledgor and/or the Company to execute the obligations of contracts.) And all the fees results of
the Pledgee enforce the Pledgor and/or the Company to execute the obligations of contracts ( including but not limited to attorney fees, arbitration fee, supervision, assessment, auction fees and any taxes). 

“Event of Default”: shall refer to any of the Pledgors or the Company violates any contractual obligations under the
Transaction Documents. 
 “Pledge”: shall refer to the full share of the Company legally owned by the Pledgor on the
effective date of this Agreement and in accordance with the provisions of this Agreement, the share shall be pledged to the Pledgee as the guarantee for the performance of the contractual obligations by the Pledgor and the Company. As well as the
increased contribution and dividends described in accordance with Articles 2.6 and 2.7 of this Agreement. 

 “PRC Laws”: shall refer to the valid laws, administrative regulations,
administrative regulations, local laws and regulations, judicial interpretations and other valid binding normative documents of the People’s Republic of China. 
  

	1.2.	 The reference of any PRC Laws by this Agreement shall be considered as (1) including the amendment,
alteration, supplement and reformulation of these PRC Laws, regardless of the time before or after the effective date of the Agreement, and (2) including other decisions, notices and rules which are formulated in accordance with the provisions
or by which it is effective. 

  

	1.3.	 Except as otherwise stated in the context of this Agreement, the terms, paragraphs, terms and passages of this
Agreement shall refer to the corresponding contents of this Agreement. 

 Article 2 Equity Pledge 

 

	2.1.	 Pledgor agrees to pledge all the pledge, which is duly owned and entitled to dispose by the Pledgor, as
security for performance of the Contract Obligations and payment of the Secured Indebtedness under this Agreement. Among: (1) CHEN Qi agrees to have the disposable right of his lawfully owned company’s amount of the registered capital RMB
5,867,000.00 pledged to the Pledgee as the guarantee for the timely and complete performance of the contractual obligation and the repayment of the secured debt. The amount of the secured claim shall be the sum of the total RMB 5,867,000.00 in the
case of a specific condition to the Pledgee and/or any other entity or person designated by the Pledgee under the Option Agreement; (2) WEI Yibo agrees to have the disposable right of his lawfully owned company’s amount of RMB 2,362,000.00
to the Pledgee, and as a guarantee for the timely and complete performance of the contractual obligation and the repayment of the secured debt. The amount of the secured claim shall be the sum of the total RMB 2,362,000.00 in the case of a specific
condition to the Pledgee and/or any other entity or person designated by the Pledgee under the Option Agreement; (3) YUE Xuqiang agrees to have the disposable right of his lawfully owned company’s amount of RMB 1,771,000.00 to the Pledgee,
and as a guarantee for the timely and complete performance of the contractual obligation and the repayment of the secured debt. The amount of the secured claim shall be the sum of the total RMB 1,771,000.00 in the case of a specific condition to the
Pledgee and/or any other entity or person designated by the Pledgee under the Option Agreement; and other secured debts as agreed in this Agreement. The company agrees that the Pledgor holding the shares shall pledge the pledge to the Pledgee in
accordance with the provisions of this Agreement. 

  

	2.2.	 The Pledgor shall record the stock pledge arrangement under this Agreement (“Equity Pledge”)
in the Company’s shareholder name list on the date of this Agreement signed by the Pledgor, and shall provide the Pledgee the record with the form of the Pledgee’s satisfaction, and the Pledgor shall provide a certificate of AIC’s
registration related to the share pledge to the Pledgee within 15 days from the date of signing this Agreement or within the other time limit agreed by the Parties. 

	2.3.	 During the term of this Agreement, the Pledgee does not have any responsibilities for any reduction of the
pledge’s value, and the Pledgee does not have the right to pursue any form of claim or requests to the Pledgee unless due to the Pledgee’s intention or a major fault which has a direct relationship with the result. 

 

	2.4.	 Without violating the provisions of Article 2.3, if the pledge has any significant reduction in value, and
those sufficient to endanger the rights of the Pledgee, the Pledgee may request the Pledgor to provide the corresponding guarantees, and also may agents the Pledgor to auction or sale the Pledge at any time. And the Pledgee may negotiate with the
Pledgor to make the amount of auction or the sale use in advance to repay the guarantee debt or drawing from the notary authority of the Pledgee’s place (any costs arising shall be borne by the Pledgor). 

 

	2.5.	 The Pledgee enjoys the first order security interest of the Pledge. When any default occurs, the Pledgee has
the right to dispose the Pledge in accordance with the fourth provision of this Agreement. 

  

	2.6.	 In the case of the Pledgee’s prior written consent, the Pledgor may increase the capital of the Company.
The amount of capital invested by the Pledgor in the incorporation of the Company is also automatically attributed to the pledged property. 

  

	2.7.	 In the case of the Pledgee’s prior written consent, the Pledgor can get the share interests or dividends
based on the Pledge. The share interests or dividend paid by the Pledgor for the Pledge shall be deposited in the account designated by the Pledgee, and shall be subjected to the supervision of the Pledgee and be used as a pledge for the first
settlement of the secured debt. 

  

	2.8.	 The Pledgee shall have the right to dispose of any pledge of any Pledgor in accordance with the provisions of
this Agreement after the Event of the Breach. 

 Article 3 Release of Equity Pledge 

The Pledgee shall remove the share pledge under this Agreement according to the requests of the relevant Pledgor after the Pledgor and the
Company sufficiently and fully execute all Contract Obligations and pay off all Secured Indebtedness. And the Pledgee shall assist the relevant Pledgee to manage the deregister of the share pledge in the Company’s shareholder name list and the
remove of the share pledge. The reasonable expenses arising from removing the share pledge shall be borne by the Pledgee. 

 Article 4 Disposition of pledge 

 

	4.1.	 The Pledgor, Company and the Pledgee hereby agrees that, in the Event of Default, the Pledgee have the right to
exercise the all remedy rights and power after sending the written consent to the Pledgor under the PRC laws, the terms of the Transaction Documents, including but not limited to get the prior compensation via auctioning or selling the Pledge. The
Pledgee shall not be liable for any loss incurred by its duly exercise of such rights and powers. 

  

	4.2.	 The Pledgee is entitled to designate attorney or other representatives to exercise any or all rights above in
written forms , and the Pledgor or Company shall not raise any objection to such action. 

  

	4.3.	 The Pledgee’s reasonable expenses incurred by the execution of any or all of the rights mentioned above
are borne by the Pledgor, and the Pledgee has the right to deduct such expenses in accordance with the amounts obtained from executing his right. 

  

	4.4.	 The amounts of executing the rights of the Pledgee shall be dealt with in the following order:

 First, pay all expenses arising from the disposition of the Pledge and the Pledgee execute their rights (including pay
the attorney fee and agent’s remuneration); 
 Second, pay the tax fees which results of disposing the Pledge; and 

Third, the Secured Indebtedness payed to the Pledgee. 

If there are remaining balance after paying above amounts, the remaining balance shall be returned to Pledgor or any other person who have
rights to such balance under applicable laws or be deposited to the local notary public office where the Pledgor resides by the Pledgee. (All expenses incurred are borne by the Pledgor). 

 

	4.5.	 The Pledgee has the right to execute the pledge right of company shares which held by any Pledgor
simultaneously or in any order. The Pledgee doesn’t need to preferentially execute the other remedies before executing the auction or selling of the Pledge under this Agreement. And the Pledgor or the Company also have no right to raise an
objection on the situations that whether the Pledgee execute part of their pledge right or the orders of executing the pledge right. 

Article 5 Costs and Expenses 
 All the
actual expenses related to the setting of the equity pledge under this Agreement, including but not limited to stamp duty, any other tax and all legal expenses, shall be borne by Parties separately. 

 Article 6 Persistence and non-waiver 

The equity pledge set up under this Agreement is a continuing guarantee, and its validity shall continue until the contract obligation is fully
fulfilled and the secured debt is fully liquidated. The Pledgee’s waiver, grace or delay in exercising any rights under the transaction agreements and this Agreement, which shall not affect the rights of the Pledgee. And the Pledgee’s
rights includes the rights requires the Pledgor to strictly execute the transaction agreements and this Agreement at any time later under this Agreement and the relevant PRC Laws and transactions agreement. And the rights also includes the rights
owned by the Pledgee after the Pledgor breach the obligations of the transaction agreements and / or this Agreement. 
 Article 7 Representations and
Warranties of the Pledgor 
 The Pledgor hereby severally and jointly represent and warrant to the Pledgee that: 

 

	7.1.	 The Pledgor are Chinese citizens and/or legal persons with full capacity, and they all have full and
independent legal status and ability, and have been duly authorized to sign, deliver and perform this Agreement, and they can act independently as the subject of litigation. 

 

	7.2.	 The company holding shares is a limited liability company which is properly registered and lawfully maintained
in accordance with PRC laws and has an independent legal personality. It has the complete and independent legal status and legal capacity to sign, deliver and fulfill this Agreement, and can independently act as the subject of litigation. It has
complete authority and authorization for the signing and delivery of this Agreement and all other documents relating to the transaction described in this Agreement, and the complete authority and authorization of the documents to be signed, and to
complete the complete power and authority to complete the Transactions described in this Agreement. 

  

	7.3.	 All reports, documents and information prepared by the Pledgor to the Pledgee before the effective date of this
Agreement, all matters relating to the Pledgor and the requirements of this Agreement are true, accurate and effective in all substantive respects on the effective date of this Agreement. 

 

	7.4.	 All reports, documents and information prepared by the Pledgor to the Pledgee after the effective date of this
Agreement, all matters relating to the Pledgor and the requirements of this Agreement are true, accurate and effective in all substantive respects at the time of preparing those. 

 

	7.5.	 When this Agreement comes into effect, the Pledgor is the sole legal owner of the pledge, and there is no
dispute about the ownership of the pledge. The Pledgor has the right to dispose of the pledge and any part thereof. 

  

	7.6.	 In addition to the rights set in the pledge on the pledge by this Agreement and the rights set under the
transaction agreement, there are no other security interests or the rights and interests of the third party on the pledge. 

	7.7.	 A pledge can be made in accordance with the law and transferred, and the Pledgor has full rights to pledge the
pledge to the Pledgee according to the provisions of this Agreement. 

  

	7.8.	 This agreement is duly signed by the Pledgor and constitutes a lawful, effective and binding obligation to the
Pledgor. 

  

	7.9.	 The signing and performance of this Agreement and the consent of any third party under this Agreement shall be
obtained, permission, waiver, authorization, or approval, permission, waiver or registration or filing procedures (if required by law) of any government agency are obtained or processed and shall be fully effective within the validity of this
Agreement. 

  

	7.10.	 The Pledgor does not violate or contradict with any of its applicable laws, any agreement binding on one party
or its assets, any court decision, any arbitral agency’s decision, and any administrative authority’s decision while comparing with the Pledgor sign and perform this Agreement. 

 

	7.11.	 The equity pledge under this Agreement constitutes a security interest in the first order of the pledge.

  

	7.12.	 All taxes and charges payable on the acquisition of the property have been paid in full by the Pledgor.

  

	7.13.	 In any court or arbitral tribunal, there is no litigation, legal procedure or request known as a threat to the
pledger, or of its property, or of the pledge, or in any government agency or administrative organ, which is unknown to the Pledgor, or its property, or the pledge, or to the quality of the Pledgor. A threat of litigation, legal proceedings or
requests will have a significant negative impact on the economic situation of the Pledgor, or its ability to fulfil its obligations and security responsibilities under this Agreement. 

 

	7.14.	 The Pledgor will assure the Pledgee that the afore-mentioned statement and guarantee will be true and correct
at any time before the contract obligation is fully fulfilled or the guarantee is fully liquidated, and will be fully observed. 

Article 8 Representations and Warranties of the Company 

The Company hereby represent and warrant to the Pledgee that: 
  

	8.1.	 The Company is a limited liability company duly registered and lawfully surviving under PRC Laws and has an
independent legal personality, and has a complete and independent legal status and legal capacity to sign, deliver and perform this Agreement, and may independently act as the subject of litigation. 

 

	8.2.	 All reports, documents and information prepared by the Company to the Pledgee before the effective date of this
Agreement, all matters relating to the Pledgor and the requirements of this Agreement are true, accurate and effective in all substantive respects on the effective date of this Agreement. 

	8.3.	 All reports, documents and information prepared by the Company to the Pledgee after the effective date of this
Agreement, all matters relating to the Pledgor and the requirements of this Agreement are true, accurate and effective in all substantive respects at the time of preparing those. 

 

	8.4.	 It has complete right and authorization for the signing and delivery of this Agreement and all other documents
relating to the transaction described in this Agreement, and the complete right and authorization of the documents to be signed, which have complete power and authority to complete the Transactions described in this Agreement. 

 

	8.5.	 In any court or arbitral tribunal, there are no claims against a company or its assets (including but not
limited to pledge) or in respect of a lawsuit, legal procedure or request known as a threat to the Company, nor in any government or administrative organ or any of the companies or its assets (including but not limited to the pledge). The threat of
a lawsuit, legal procedure or request known to the Company will have a significant negative impact on the Company’s economic situation or the Company’s ability to fulfil its obligations under this Agreement and the ability to guarantee it.

  

	8.6.	 The company hereby agrees to undertake joint and several liability to the Pledgee on the statements and
guarantees made by the relevant Pledgor under Article 7.5, Article 7.6, Article 7.7, Article 7.9 and Article 7.11 of this Agreement. 

  

	8.7.	 The company hereby certifies to the Pledgee that the afore-mentioned statement and guarantee will be true and
accurate in any case at any time before its contractual obligation is fully fulfilled or the guarantee is fully liquidated, and will be fully observed. 

Article 9 Covenants of the Pledgor: 
 The
Pledgor hereby severally and jointly covenant to the Pledgee: 
  

	9.1.	 The Pledgor shall not establish or permit any new pledge or other security interest on the pledge thereof,
without the prior written consent of the Pledgee. Any pledge or other security interest that has been established in whole or in part of the pledge without any prior consent in writing is invalid. 

 

	9.2.	 Without prior written notice to the Pledgee and get the prior written consent from the Pledgee, the Pledgor
shall not assign the pledge, otherwise all the transfer of the pledge shall be invalid. The Pledgor shall first pay the pledge to the Pledgee for the advance payment of the secured debt or to the third person agreed to the Pledgee after the
Pledgee’s prior written consent is obtained. 

  

	9.3.	 When any legal proceedings, arbitral or other requests take place, and may have adverse effects on the Pledgor
or the Pledgee in the interests or the Pledge under this Agreement, the Pledgor shall guarantee the Pledgee in writing as soon as possible and in time and take all necessary measures in accordance with the reasonable requirements of the Pledgee to
ensure that the Pledgee have the pledge interests of the pledge. 

	9.4.	 A Pledgor shall not conduct or allow any act or omission which may have a significant adverse effect on the
rights of the Pledgee in the transaction agreement and the interests or collateral under this Agreement. The Pledgor waiver the pre-emptive right of the Pledgee when he implements the pledge.

  

	9.5.	 The Pledgor ensures, in accordance with the Pledgee’s reasonable requirements, to take all necessary
measures and to sign all necessary documents (including but not limited to the supplementary agreement of this Agreement) so as to ensure the interests of the Pledgor on the pledge and the exercise and realization of such rights.

  

	9.6.	 If a pledge is transferred due to the exercise of the right of Pledge under this Agreement, the Pledgor
guarantees that all measures shall be taken to achieve such transfer. 

  

	9.7.	 If the Company needs to be dissolved or liquidated according to the mandatory provisions of the applicable law,
after the Pledgor has completed the dissolution or liquidation procedure according to law in the Company, the interests assigned legally by the Company, the Pledgor shall give the Pledgee or the entity / individuals designated by the Pledgee on the
premise of not violating the PRC law. 

  

	9.8.	 After a breach of contract, the Pledgor agrees to grant such dividends, bonus, share interests, or other profit
distribution (after deducting the related taxes) to the Pledgee or the entity /individuals designated by the Pledgee unconditionally. And such dividends, bonus, share interests, or other profit distribution are obtained from the Company within the
term of this Agreement. 

 Article 10 Covenants of the Company 

 

	10.1.	 The execution and performance of this Agreement and the pledge of equity under this Agreement shall be granted,
authorized, abstained, authorized by any third party or approved, licensed, exempt from or registered or filed with any government agency (as required by law) by any government agency, and the Company will do its best to assist in obtaining and
maintaining that it is fully effective during the period of validity in this association. 

  

	10.2.	 Without the prior written consent of the Pledgee, the Company will not assist or allow the Pledgor to establish
any new pledge or other security interest on the pledge. 

  

	10.3.	 Without the prior written consent of the Pledgee, the Company will not assist or allow the Pledgor to transfer
the pledge. 

  

	10.4.	 When any legal proceedings, arbitral or other requests take place, and may have an adverse effect on the
Company, the stock of the Company as a pledge, or the Pledgee’s interests under the transaction agreement and the interests of this Agreement, the Company shall guarantee that the Pledgee will be notified in writing as soon as possible and in
time, and all measures must be taken to ensure the pledge interests on the pledge of the Pledgee in accordance with the reasonable requirements of the Pledgee. 

	10.5.	 The company shall not carry out or allow any act or action which may adversely affect the rights of the Pledgee
or pledge in the transaction agreement and this Agreement. 

  

	10.6.	 In the first month of each Gregorian quarter, the Company will provide the Pledgee with the Company’s
previous calendar quarter financial statements, including (but not limited to) the balance sheet, profit statement and cash flow statement. 

  

	10.7.	 The company shall take all necessary measures and sign all necessary documents (including but not limited to
the supplemental agreement of this Agreement) in accordance with the reasonable requirements of the Pledgee to ensure that the interests on the pledge of the Pledgee and the exercise and realization of such rights. 

 

	10.8.	 If any pledge is transferred as a result of the exercise of the pledge right under this Agreement, the Company
shall ensure that all measures are taken to achieve the transfer. 

 Article 11 Change of Circumstances 

As a supplement, and not contrary to the Transaction Documents, if at any time, the promulgation or change of any PRC Laws, regulation or
rules, or the change in the interpretation or application of such laws, regulations or rules, or the change in the registration procedure, which makes it illegal for the Pledgee to maintain the validity of this Agreement and / or to punish the
pledge in accordance with the provisions of this Agreement or in violation of such laws, regulations or rules. The Pledgor and the Company shall immediately take written instructions from the Pledgee, and take any action, and / or sign any agreement
or other documents in accordance with the Pledgee’s reasonable requirements: 
 (1) to maintain the validity of this Agreement; 

(2) facilitate the disposition of pledge in accordance with the provisions of this Agreement; and / or 

(3) maintain or realize the guarantee established or intended to establish in this Agreement. 

Article 12 Confidentiality 
  

	12.1.	 Whether or not this Agreement has been terminated, either party shall have a confidentiality obligation for the
following information; 

	 	(1)	 The signing and performance of this Agreement and the contents of this Agreement; 

 

	 	(2)	 The trade secrets, proprietary information and customer information (hereinafter referred to as
“Confidential Information”) of the Pledgee that they have known or received for signing and performing of this Agreement. 

A party may use such Confidential Information only for the purpose of fulfilling its obligations under this Agreement. The other party shall
not disclose such Confidential Information to any third party without the written permission of any party, otherwise the it shall be borne the liability for breach of contract and paid the loss. 

 

	12.2.	 Upon the termination of this Agreement, any Party shall, at the request of the other party, return, destroy or
otherwise dispose of all documents, information or software which contains Confidential Information, and stop the use of such Confidential Information. 

  

	12.3.	 Notwithstanding the provisions of this Agreement, the effect of this article shall not be affected by the
remove or termination of this Agreement. 

 Article 13 Effective and duration of this Agreement 

 

	13.1.	 This Agreement shall become effective upon the date of the execution by the Parties and the Pledgor become the
shareholder of the Company after completion of the industrial and commercial alteration of the registered. 

  

	13.2.	 This Agreement shall be until the Contract Obligations have been fully performed and the Secured Indebtedness
have been fully paid. 

 Article 14 Notices 

All notices and other communications required to be given pursuant to this Agreement shall be delivered personally, or sent by registered mail,
prepaid postage, a commercial courier service or facsimile transmission to the address of such Party set forth below. The dates on which notices shall be deemed to have been effectively given shall be determined as follows: 

Notices given by personal delivery, courier service, registered mail or prepaid postage shall be deemed effectively given on the date of
sending. 
 Notices given by facsimile transmission shall be deemed effectively given on the date of successful transmission (as evidenced by
an automatically generated confirmation of transmission). 
 For the purpose of notices, the addresses of the Parties are as follows: 

Pledgor: CHEN Qi 
 Address: 3/F,
Zheshang Fortune Center Block 1, 99 Gudun Road, Hangzhou 
 Fax: 0571-88867550 

 Pledgor: WEI Yibo 

Address: 3/F, Zheshang Fortune Center Block 1, 99 Gudun Road, Hangzhou 

Fax: 0571-88867550 
 Pledgor: YUE
Xuqiang 
 Address: 3/F, Zheshang Fortune Center Block 1, 99 Gudun Road, Hangzhou 

Fax: 0571-88867550 
 Pledgee:
Hangzhou Shiqu Information and Technology Co., Ltd. 
 Address: Room 1001, Zheshang Fortune Center Block 1, 99 Gudun Road, Hangzhou 

Fax: 0571-88867550 
 Company:
Hangzhou Juangua Network Co., Ltd. 
 Address: Room 1201, Zheshang Fortune Center Block 1, 99 Gudun Road, Hangzhou 

Fax: 0571-88868502 
 Any Party
may at any time change its address for notices by a notice delivered to the other Party in accordance with the terms of this Section. 
 Article 15
Miscellaneous 
  

	15.1.	 A Pledgor or the Company may not transfer any of its rights, obligations or liabilities under this Agreement to
any third party without the prior written consent of the Pledgee. But the Pledgee, without the consent of the Pledgor or the Company, may transfer the rights, obligations or responsibilities under this Agreement to any third party after the Pledgee
is notified of the Pledgor and the Company. The successors or authorized assignee (if any) of the Parties shall continue to perform the obligations of the Pledgor and the Company under this Agreement. 

 

	15.2.	 The amount of the secured debt secured by the pledge shall be determined by the parties concerned and shall be
regarded as the final evidence of the secured obligation under this Agreement. 

  

	15.3.	 This Agreement shall be written in Chinese and made in seven duplicates, with each Party hereto holding one
copy and for the purposes of registration or filing can increase the original signed copies (if necessary). 

  

	15.4.	 The execution, effectiveness, performance, amendment and termination of this Agreement hereunder shall be
governed by the laws of China. 

  

	15.5.	 Any dispute arising under this Agreement and in connection with this Agreement shall be settled by the Parties
through friendly negotiations. If the Parties cannot reach Agreement within 30 days after the disputes arises, either Party may submit the relevant dispute to the Shanghai Arbitration Commission for arbitration, in accordance with the arbitration
rules of such arbitration commission effective at that time. The place of the hearing of the arbitration shall be Shanghai. The arbitration award shall be final and binding on the Parties. 

	15.6.	 Any right, power and remedy given to the parties in this clause shall not exclude any other rights, powers or
remedies that the party enjoys in accordance with the provisions of the law and the other provisions under this Agreement, and that the exercise of the rights, powers and remedies of one party does not exclude the other rights, powers and remedies
that the party has the right to exercise. 

  

	15.7.	 A party who fails or delay to exercise any rights, powers and remedies that it owns under this Agreement or law
(the “Right”) will not cause the waiver of such rights, and any single or part waiver of the right does not exclude the exercise of such rights in other ways and exercise the right to the other party. 

 

	15.8.	 The headings of the articles of this Agreement are only indexed, and in no case shall they be used or affect
the interpretation of the provisions of this Agreement. 

  

	15.9.	 Each clause of this Agreement can be separated and independent of every other clause. If one or several of the
provisions of this Agreement are held to be invalid, illegal or unenforceable at any time, the validity, legality or enforceability of the remaining provisions of this Agreement shall not be affected in any respect. 

 

	15.10.	 Any amendments and additions to this Agreement shall be made in writing, unless the Pledgee transfers its
rights under this Agreement in accordance with the provisions of Article 15.1, the amendment and supplement of this Agreement shall become effective by the parties to which this Agreement is properly signed. 

 

	15.11.	 This Agreement shall be binding on the lawful successors of the Parties. 

 

	15.12.	 At the same time as this Agreement signed, Pledgor shall sign a power of attorney (the “Power of
Attorney”, in the form of Exhibit B of this Agreement), entrust any person designated by it to sign any and all necessary legal documents under this Agreement for the exercise of his rights under this Agreement. The Power of Attorney shall
be kept by the Pledgee, where necessary, a Pledgee may submit the Power of Attorney to the relevant government department at any time. 

[REMAINDER OF PAGE IS INTENTIONALLY LEFT BLANK] 

 (Signature Page to the Amended and Restated Equity Interest Pledge Agreement) 

IN WITNESS WHEREOF, the Parties have executed this Amended and Restated Equity Interest Pledge Agreement on the date and the place first written above. 

 

			
	CHEN Qi
		
	By:	 	 /s/ CHEN Qi

	
	WEI Yibo
		
	By:	 	 /s/ WEI Yibo

	
	YUE Xuqiang
		
	By:	 	 /s/ YUE Xuqiang

 (Signature Page to the Amended and Restated Equity Interest Pledge Agreement) 

IN WITNESS WHEREOF, the Parties have executed this Amended and Restated Equity Interest Pledge Agreement on the date and the place first written above. 

Hangzhou Shiqu Information and Technology Co., Ltd. 

(Seal: /s/ Hangzhou Shiqu Information and Technology Co., Ltd.) 

 (Signature Page to the Amended and Restated Equity Interest Pledge Agreement) 

IN WITNESS WHEREOF, the Parties have executed this Amended and Restated Equity Interest Pledge Agreement on the date and the place first written above. 

Hangzhou Juangua Network Co., Ltd. 
 (Seal: /s/ Hangzhou
Juangua Network Co., Ltd.)

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