Document:

EX-4.3

 Exhibit 4.3 

 

 

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 PARTIES
	  	 	1	  
	 RECITALS
	  	 	1	  
			
	 Section 1.
	 	 Certain Definitions
	  			
	 (a)
	 	 ADR Register
	  	 	1	  
	 (b)
	 	 ADRs; Direct Registration ADRs
	  	 	1	  
	 (c)
	 	 ADS
	  	 	1	  
	 (d)
	 	 Custodian
	  	 	1	  
	 (e)
	 	 Deliver, execute, issue et al.
	  	 	1	  
	 (f)
	 	 Delivery Order
	  	 	2	  
	 (g)
	 	 Deposited Securities
	  	 	2	  
	 (h)
	 	 Direct Registration System
	  	 	2	  
	 (i)
	 	 Holder
	  	 	2	  
	 (j)
	 	 Securities Act of 1933
	  	 	2	  
	 (k)
	 	 Securities Exchange Act of 1934
	  	 	2	  
	 (l)
	 	 Shares
	  	 	2	  
	 (m)
	 	 Transfer Office
	  	 	2	  
	 (n)
	 	 Withdrawal Order
	  	 	2	  
	 Section 2.
	 	 ADRs
	  	 	2	  
	 Section 3.
	 	 Deposit of Shares
	  	 	3	  
	 Section 4.
	 	 Issue of ADRs
	  	 	3	  
	 Section 5.
	 	 Distributions on Deposited Securities
	  	 	4	  
	 Section 6.
	 	 Withdrawal of Deposited Securities
	  	 	4	  
	 Section 7.
	 	 Substitution of ADRs
	  	 	4	  
	 Section 8.
	 	 Cancellation and Destruction of ADRs
	  	 	4	  
	 Section 9.
	 	 The Custodian
	  	 	4	  
	 Section 10.
	 	 Lists of Holders
	  	 	5	  
	 Section 11.
	 	 Depositary’s Agents
	  	 	5	  
	 Section 12.
	 	 Successor Depositary
	  	 	5	  
	 Section 13.
	 	 Reports
	  	 	6	  
	 Section 14.
	 	 Additional Shares
	  	 	6	  
	 Section 15.
	 	 Indemnification
	  	 	7	  
	 Section 16.
	 	 Notices
	  	 	8	  
	 Section 17.
	 	 Miscellaneous
	  	 	8	  
	 Section 18.
	 	 Consent to Jurisdiction
	  	 	9	  
	 TESTIMONIUM
	  	 	13	  
	 SIGNATURES
	  	 	13	  

  
 – i – 

 

 
  

							
	 	 	 	  	Page	 
	
	EXHIBIT A	  
		
	 FORM OF FACE OF ADR
	  	 	A-1	  
		
	 Introductory Paragraph
	  	 	A-1	  
			
	 (1)
	 	 Issuance and Pre-Release of ADSs
	  	 	A-2	  
	 (2)
	 	 Withdrawal of Deposited Securities
	  	 	A-3	  
	 (3)
	 	 Transfers of ADRs
	  	 	A-4	  
	 (4)
	 	 Certain Limitations
	  	 	A-4	  
	 (5)
	 	 Taxes
	  	 	A-5	  
	 (6)
	 	 Disclosure of Interests
	  	 	A-6	  
	 (7)
	 	 Charges of Depositary
	  	 	A-6	  
	 (8)
	 	 Available Information
	  	 	A-8	  
	 (9)
	 	 Execution
	  	 	A-8	  
		
	 Signature of Depositary
	  	 	A-8	  
		
	 Address of Depositary’s Office
	  	 	A-8	  
		
	 FORM OF REVERSE OF ADR
	  	 	A-9	  
			
	 (10)
	 	 Distributions on Deposited Securities
	  	 	A-9	  
	 (11)
	 	 Record Dates
	  	 	A-10	  
	 (12)
	 	 Voting of Deposited Securities
	  	 	A-10	  
	 (13)
	 	 Changes Affecting Deposited Securities
	  	 	A-11	  
	 (14)
	 	 Exoneration
	  	 	A-11	  
	 (15)
	 	 Resignation and Removal of Depositary; the Custodian
	  	 	A-14	  
	 (16)
	 	 Amendment
	  	 	A-14	  
	 (17)
	 	 Termination
	  	 	A-15	  
	 (18)
	 	 Appointment
	  	 	A-16	  
	 (19)
	 	 Waiver
	  	 	A-16	  

  
 – ii – 

 

 
  

 DEPOSIT AGREEMENT dated as of [DATE]     , 2014 (the “Deposit
Agreement”) among ZHAOPIN LIMITED and its successors (the “Company”), JPMORGAN CHASE BANK, N.A., as depositary hereunder (the “Depositary”), and all holders from time to time of American Depositary Receipts issued hereunder
(“ADRs”) evidencing American Depositary Shares (“ADSs”) representing deposited Shares (defined below). The Company hereby appoints the Depositary as depositary for the Deposited Securities and hereby authorizes and directs the
Depositary to act in accordance with the terms set forth in this Deposit Agreement. All capitalized terms used herein have the meanings ascribed to them in Section 1 or elsewhere in this Deposit Agreement. The parties hereto agree as follows:

 1. Certain Definitions. 

(a) “ADR Register” is defined in paragraph (3) of the form of ADR. 

(b) “ADRs” mean the American Depositary Receipts executed and delivered hereunder. ADRs may be either in physical
certificated form or Direct Registration ADRs (as hereinafter defined). ADRs in physical certificated form, and the terms and conditions governing the Direct Registration ADRs, shall be substantially in the form of Exhibit A annexed hereto (the
“form of ADR”). The term “Direct Registration ADR” means an ADR, the ownership of which is recorded on the Direct Registration System. References to “ADRs” shall include certificated ADRs and Direct
Registration ADRs, unless the context otherwise requires. The form of ADR is hereby incorporated herein and made a part hereof; the provisions of the form of ADR shall be binding upon the parties hereto. 

(c) Subject to paragraph (13) of the form of ADR, each “ADS” evidenced by an ADR represents the right to receive two
Shares and a pro rata share in any other Deposited Securities. 
 (d) “Custodian” means the agent or agents of the
Depositary (singly or collectively, as the context requires) and any additional or substitute Custodian appointed pursuant to Section 9. 

(e) The terms “deliver”, “execute”, “issue”, “register”,
“surrender”, “transfer” or “cancel”, when used with respect to Direct Registration ADRs, shall refer to an entry or entries or an electronic transfer or transfers in the Direct Registration System,
and, when used with respect to ADRs in physical certificated form, shall refer to the physical delivery, execution, issuance, registration, surrender, transfer or cancellation of certificates representing the ADRs. 

  
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 (f) “Delivery Order” is defined in Section 3. 

(g) “Deposited Securities” as of any time means all Shares at such time deposited under this Deposit Agreement and any and
all other shares, securities, property and cash at such time held by the Depositary or the Custodian in respect or in lieu of such deposited Shares and other shares, securities, property and cash. 

(h) “Direct Registration System” means the system for the uncertificated registration of ownership of securities established
by The Depository Trust Company (“DTC”) and utilized by the Depositary pursuant to which the Depositary may record the ownership of ADRs without the issuance of a certificate, which ownership shall be evidenced by periodic
statements issued by the Depositary to the Holders entitled thereto. For purposes hereof, the Direct Registration System shall include access to the Profile Modification System maintained by DTC which provides for automated transfer of ownership
between DTC and the Depositary. 
 (i) “Holder” means the person or persons in whose name an ADR is registered on the ADR
Register. 
 (j) “Securities Act of 1933” means the United States Securities Act of 1933, as from time to time amended.

 (k) “Securities Exchange Act of 1934” means the United States Securities Exchange Act of 1934, as from time to time
amended. 
 (l) “Shares” mean the Class A ordinary shares of the Company, and shall include the rights to receive
Shares specified in paragraph (1) of the form of ADR. 
 (m) “Transfer Office” is defined in paragraph (3) of the
form of ADR. 
 (n) “Withdrawal Order” is defined in Section 6. 

2. ADRs. (a) ADRs in certificated form shall be engraved, printed or otherwise reproduced at the discretion of the Depositary in
accordance with its customary practices in its American depositary receipt business, or at the request of the Company typewritten and photocopied on plain or safety paper, and shall be substantially in the form set forth in the form of ADR, with
such changes as may be required by the Depositary or the Company to comply with their obligations hereunder, any applicable law, regulation or usage or to indicate any special limitations or restrictions to which any particular ADRs are subject.
ADRs may be issued in denominations of any number of ADSs. ADRs in certificated form shall be executed by the Depositary by the manual or facsimile signature of a duly authorized officer of the Depositary. ADRs in certificated form bearing the
facsimile signature of anyone who was at the time of execution a duly authorized officer of the Depositary shall bind the Depositary, notwithstanding that such officer has ceased to hold such office prior to the delivery of such ADRs. 

  
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 (b) Direct Registration ADRs. Notwithstanding anything in this Deposit Agreement or in
the form of ADR to the contrary, ADSs shall be evidenced by Direct Registration ADRs, unless certificated ADRs are specifically requested by the Holder. 

(c) Holders shall be bound by the terms and conditions of this Deposit Agreement and of the form of ADR, regardless of whether their ADRs are
Direct Registration ADRs or certificated ADRs. 
 3. Deposit of Shares. In connection with the deposit of Shares hereunder, the
Depositary or the Custodian shall require a written order, in a form satisfactory to the Depositary, directing the Depositary to issue to, or upon the written order of, the person or persons designated in such order a Direct Registration ADR or ADRs
evidencing the number of ADSs representing such deposited Shares (a “Delivery Order”). Shares presented for deposit shall, at the time of such deposit, be registered in the name of JPMorgan Chase Bank, N.A., as depositary for the
benefit of holders of ADRs or in such other name as the Depositary shall direct. Deposited Securities shall be held by the Custodian for the account and to the order of the Depositary for the benefit of Holders of ADRs (to the extent not prohibited
by law) at such place or places and in such manner as the Depositary shall determine. Deposited Securities may be delivered by the Custodian to any person only under the circumstances expressly contemplated in this Deposit Agreement. To the extent
that the provisions of or governing the Shares make delivery of certificates therefor impracticable, Shares may be deposited hereunder by such delivery thereof as the Depositary or the Custodian may reasonably accept, including, without limitation,
by causing them to be credited to an account maintained by the Custodian for such purpose with the Company or an accredited intermediary, such as a bank, acting as a registrar for the Shares, together with delivery of the documents, payments and
Delivery Order referred to herein to the Custodian or the Depositary. 
 4. Issue of ADRs. After any such deposit of Shares, the
Custodian shall notify the Depositary of such deposit and of the information contained in any related Delivery Order by letter, first class airmail postage prepaid, or, at the request, risk and expense of the person making the deposit, by SWIFT,
cable, telex or facsimile transmission. After receiving such notice from the Custodian, the Depositary, subject to this Deposit Agreement, shall properly issue at the Transfer Office, to or upon the order of any person named in such notice, an ADR
or ADRs registered as requested and evidencing the aggregate ADSs to which such person is entitled. 

  
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 5. Distributions on Deposited Securities. To the extent that the Depositary determines
in its discretion that any distribution pursuant to paragraph (10) of the form of ADR is not practicable with respect to any Holder, the Depositary may make such distribution as it so deems practicable, including the distribution of foreign
currency, securities or property (or appropriate documents evidencing the right to receive foreign currency, securities or property) or the retention thereof as Deposited Securities with respect to such Holder’s ADRs (without liability for
interest thereon or the investment thereof). 
 6. Withdrawal of Deposited Securities. In connection with any surrender of an ADR for
withdrawal of the Deposited Securities represented by the ADSs evidenced thereby, the Depositary may require proper endorsement in blank of such ADR (or duly executed instruments of transfer thereof in blank) and the Holder’s written order
directing the Depositary to cause the Deposited Securities represented by the ADSs evidenced by such ADR to be withdrawn and delivered to, or upon the written order of, any person designated in such order (a “Withdrawal Order”).
Directions from the Depositary to the Custodian to deliver Deposited Securities shall be given by letter, first class airmail postage prepaid, or, at the request, risk and expense of the Holder, by SWIFT, cable, telex or facsimile transmission.
Delivery of Deposited Securities may be made by the delivery of certificates (which, if required by law, shall be properly endorsed or accompanied by properly executed instruments of transfer or, if such certificates may be registered, registered in
the name of such Holder or as ordered by such Holder in any Withdrawal Order) or by such other means as the Depositary may deem practicable, including, without limitation, by transfer of record ownership thereof to an account designated in the
Withdrawal Order maintained either by the Company or an accredited intermediary, such as a bank, acting as a registrar for the Deposited Securities. 

7. Substitution of ADRs. The Depositary shall execute and deliver a new Direct Registration ADR in exchange and substitution for any
mutilated certificated ADR upon cancellation thereof or in lieu of and in substitution for such destroyed, lost or stolen certificated ADR, unless the Depositary has notice that such ADR has been acquired by a bona fide purchaser, upon the Holder
thereof filing with the Depositary a request for such execution and delivery and a sufficient indemnity bond and satisfying any other reasonable requirements imposed by the Depositary. 

8. Cancellation and Destruction of ADRs. All ADRs surrendered to the Depositary shall be cancelled by the Depositary. The Depositary is
authorized to destroy ADRs in certificated form so cancelled in accordance with its customary practices. 
 9. The Custodian. Any
Custodian in acting hereunder shall be subject to the directions of the Depositary and shall be responsible solely to it. The Depositary reserves the right to add, replace or remove a Custodian. The Depositary will give prompt notice of any such
action, which will be advance notice if practicable. 

  
 4 

 

 
  

 Any Custodian may resign from its duties hereunder by at least 30 days written notice to the
Depositary. The Depositary may discharge any Custodian at any time upon notice to the Custodian being discharged. Any Custodian ceasing to act hereunder as Custodian shall deliver, upon the instruction of the Depositary, all Deposited Securities
held by it to a Custodian continuing to act. Notwithstanding anything to the contrary contained in this Deposit Agreement (including the ADRs) and subject to the penultimate sentence of paragraph (14) of the form of ADR, the Depositary shall
not be responsible for, and shall incur no liability in connection with or arising from, any act or omission to act on the part of the Custodian except to the extent that the Custodian has (i) committed fraud or willful misconduct in the
provision of custodial services to the Depositary or (ii) failed to use reasonable care in the provision of custodial services to the Depositary as determined in accordance with the standards prevailing in the jurisdiction in which the
Custodian is located. 
 10. Lists of Holders. The Company shall have the right to inspect transfer records of the Depositary and its
agents and the ADR Register, take copies thereof and require the Depositary and its agents to supply copies of such portions of such records as the Company may request. The Depositary or its agent shall furnish to the Company promptly upon the
written request of the Company, a list of the names, addresses and holdings of ADSs by all Holders as of a date within seven days of the Depositary’s receipt of such request. 

11. Depositary’s Agents. The Depositary may perform its obligations under this Deposit Agreement through any agent appointed by
it, provided that the Depositary shall notify the Company of such appointment and shall remain responsible for the performance of such obligations as if no agent were appointed, subject to paragraph (14) of the form of ADR. 

12. Successor Depositary. The Depositary may at any time resign as Depositary hereunder by written notice of its election so to do
delivered to the Company, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided. The Depositary may at any time be removed by the Company by providing no less
than 120 days prior written notice of such removal to the Depositary, such removal to take effect the later of (i) the 120th day after such notice of removal is first provided and
(ii) the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided. Notwithstanding the foregoing, if upon the resignation or removal of the Depositary a successor depositary is not appointed within
the applicable 60-day period (in the case of resignation) or 120-day period (in the case of removal) as specified in paragraph (17) of the form of ADR, then the Depositary may elect to terminate this Deposit Agreement and the ADR and the
provisions of said paragraph (17) shall thereafter govern the Depositary’s obligations hereunder. In case at any time the Depositary acting hereunder shall resign or be removed, the Company shall use its best efforts to appoint a successor
depositary, which shall be a bank or trust company having an office in the Borough of Manhattan, The City of New York. Every successor depositary shall execute and deliver to its predecessor and to the Company an instrument in writing accepting its
appointment hereunder, and thereupon such successor depositary, without any further act or deed, shall become fully vested with all the rights, powers, duties and obligations of its predecessor. The predecessor depositary, only upon payment of all
sums due to it and on the written request of the Company, shall (i) execute and deliver an instrument transferring to such successor all rights and powers of such predecessor hereunder (other than its rights to indemnification and fees owing,
each of which shall survive any such removal and/or resignation), (ii) duly assign, transfer and deliver all right, title and interest to the Deposited Securities to such successor, and (iii) deliver to such successor a list of the Holders
of all outstanding ADRs. Any such successor depositary shall promptly mail notice of its appointment to such Holders. Any bank or trust company into or with which the Depositary may be merged or consolidated, or to which the Depositary shall
transfer substantially all its American depositary receipt business, shall be the successor of the Depositary without the execution or filing of any document or any further act. 

  
 5 

 

 
  

 13. Reports. On or before the first date on which the Company makes any communication
available to holders of Deposited Securities or any securities regulatory authority or stock exchange, by publication or otherwise, the Company shall transmit to the Depositary a copy thereof in English or with an English translation or summary. The
Company has delivered to the Depositary, the Custodian and any Transfer Office, a copy of all provisions of or governing the Shares and any other Deposited Securities issued by the Company or any affiliate of the Company and, promptly upon any
change thereto, the Company shall deliver to the Depositary, the Custodian and any Transfer Office, a copy (in English or with an English translation) of such provisions as so changed. The Depositary and its agents may rely upon the Company’s
delivery of all such communications, information and provisions for all purposes of this Deposit Agreement and the Depositary shall have no liability for the accuracy or completeness of any thereof. 

14. Additional Shares. The Company agrees with the Depositary that neither the Company nor any company controlling, controlled by or
under common control with the Company shall issue additional Shares, rights to subscribe for Shares, securities convertible into or exchangeable for Shares or rights to subscribe for any such securities or shall deposit any Shares under this Deposit
Agreement, except under circumstances complying in all respects with the Securities Act of 1933. At the reasonable request of the Depositary where it deems necessary in the case of any such issuance, subscription, conversion, exchange or deposit,
the Company will furnish the Depositary with legal opinions, in forms and from counsels reasonably acceptable to the Depositary, dealing with such issues requested by the Depositary. The Depositary will use reasonable efforts to comply with written
instructions of the Company not to accept for deposit hereunder any Shares identified in such instructions at such times and under such circumstances as may reasonably be specified in such instructions in order to facilitate the Company’s
compliance with securities laws in the United States. 

  
 6 

 

 
  

 15. Indemnification. The Company shall indemnify, defend and save harmless each of the
Depositary, the Custodian and their respective directors, officers, employees, agents and affiliates against any loss, liability or expense (including reasonable fees and expenses of counsel) which may arise out of acts performed or omitted, in
connection with the provisions of this Deposit Agreement and of the ADRs, as the same may be amended, modified or supplemented from time to time in accordance herewith (i) by either the Depositary or a Custodian or their respective directors,
officers, employees, agents and affiliates, except for any liability or expense directly arising out of the negligence or willful misconduct of the Depositary or its directors, officers or affiliates acting in their capacities as such hereunder, or
(ii) by the Company or any of its directors, officers, employees, agents and affiliates. 
 The indemnities set forth in the preceding
paragraph shall also apply to any liability or expense which may arise out of any misstatement or alleged misstatement or omission or alleged omission in any registration statement, proxy statement, prospectus (or placement memorandum), or
preliminary prospectus (or preliminary placement memorandum) relating to the offer or sale of ADSs, except to the extent any such liability or expense arises out of (i) information relating to the Depositary or its agents (other than the
Company), as applicable, furnished in writing by the Depositary and not changed or altered by the Company expressly for use in any of the foregoing documents or (ii) if such information is provided, the failure to state a material fact
necessary to make the information provided not misleading. 
 Except as provided in the next succeeding paragraph or contemplated in
Section 9 hereof, the Depositary shall indemnify, defend and save harmless the Company against any direct loss, liability or expense (including reasonable fees and expenses of counsel) incurred by the Company in respect of this Deposit
Agreement to the extent such loss, liability or expense is due to the negligence or willful misconduct of the Depositary or its agents acting in their capacities as such hereunder. 

Notwithstanding any other provision of this Deposit Agreement or the ADRs to the contrary, neither the Company nor the Depositary, nor any of
their agents shall be liable to the other for any indirect, special, punitive or consequential damages (including, without limitation, lost profits but excluding legal fees and expenses) (collectively “Special Damages”) of any form
incurred by any of them or any other person or entity, whether or not foreseeable and regardless of the type of action in which such a claim may be brought; provided, however, that to the extent Special Damages arise from or out of a claim brought
by a third party (including, without limitation, Holders) against the Depositary or any of its agents acting under the Deposit Agreement, the Depositary and its agents shall be entitled to full indemnification from the Company for all such Special
Damages, unless such Special Damages are found to have been a direct result of the gross negligence or willful misconduct of the Depositary. 

  
 7 

 

 
  

 The obligations set forth in this Section 15 shall survive the termination of this
Deposit Agreement and the succession or substitution of any indemnified person. 
 16. Notices. Notice to any Holder shall be deemed
given when first mailed, first class postage prepaid, to the address of such Holder on the ADR Register or received by such Holder. Failure to notify a Holder or any defect in the notification to a Holder shall not affect the sufficiency of
notification to other Holders or to the beneficial owners of ADSs held by such other Holders. Notice to the Depositary or the Company shall be deemed given when first received by it at the address or facsimile transmission number set forth in
(a) or (b), respectively, or at such other address or facsimile transmission number as either may specify to the other by written notice: 
  

			
	(a)	  	JPMorgan Chase Bank, N.A.
		  	1 Chase Manhattan Plaza, Floor 58
		  	New York, New York, 10005-1401
		  	Attention: Depositary Receipts Group
		  	Fax: (212) 552-2614

  

			
	(b)	  	Zhaopin Limited
		  	6/F, Fosun International Centre
		  	237 Chaoyang North Road
		  	Chaoyang District
		  	Beijing, 100020
		  	People’s Republic of China
		  	Attention: Chief Financial Officer
		  	Fax: +86-10 5869 2929

 17. Miscellaneous. This Deposit Agreement is for the exclusive benefit of the Company, the Depositary,
the Holders, and their respective successors hereunder, and shall not give any legal or equitable right, remedy or claim whatsoever to any other person. The Holders and owners of ADRs from time to time shall be parties to this Deposit Agreement and
shall be bound by all of the provisions hereof. If any such provision is invalid, illegal or unenforceable in any respect, the remaining provisions shall in no way be affected thereby. This Deposit Agreement may be executed in any number of
counterparts, each of which shall be deemed an original and all of which shall constitute one instrument. 

  
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 18. Consent to Jurisdiction. (a) The Company irrevocably agrees that any legal
suit, action or proceeding against the Company brought by the Depositary or any Holder, arising out of or based upon this Deposit Agreement or the transactions contemplated hereby, may be instituted in any state or federal court in New York, New
York, and irrevocably waives any objection which it may now or hereafter have to the laying of venue of any such proceeding, and irrevocably submits to the non-exclusive jurisdiction of such courts in any such
suit, action or proceeding. The Company also irrevocably agrees that any legal suit, action or proceeding against the Depositary brought by the Company, arising out of or based upon this Deposit Agreement or the transactions contemplated hereby, may
only be instituted in a state or federal court in New York, New York. Notwithstanding the foregoing, any action against the Company based on this Deposit Agreement or the transactions contemplated hereby may be instituted by the Depositary in any
competent court in the Cayman Islands, Hong Kong, the People’s Republic of China and/or the United States, or through the commencement of an arbitration pursuant to Section 18(b) of this Deposit Agreement. The Company has appointed Law
Debenture Corporate Services Inc., 400 Madison Avenue, 4th Floor, New York, New York, 10017 as its authorized agent (the “Authorized Agent”) upon which process may be served in any such action or proceeding arising out of or based
on this Deposit Agreement or the transactions contemplated hereby which may be instituted in any state or federal court in New York, New York by the Depositary or any Holder, and waives any other requirements of or objections to personal
jurisdiction with respect thereto. Subject to the Company’s rights to replace the Authorized Agent, such appointment shall be irrevocable. The Company represents and warrants that the Authorized Agent has agreed to act as said agent for service
of process, and the Company agrees to take any and all action, including the filing of any and all documents and instruments, that may be necessary to continue such appointment in full force and effect as aforesaid. The Company further hereby
irrevocably consents and agrees to the service of any and all legal process, summons, notices and documents in any suit, action or proceeding against the Company, by service by mail of a copy thereof upon the Authorized Agent (whether or not the
appointment of such Authorized Agent shall for any reason prove to be ineffective or such Authorized Agent shall fail to accept or acknowledge such service), with a copy mailed to the Company by registered or certified air mail, postage prepaid, to
its address provided in Section 16(b) hereof. The Company agrees that the failure of the Authorized Agent to give any notice of such service to it shall not impair or affect in any way the validity of such service or any judgment or award
rendered in any action or proceeding based thereon. If, for any reason, the Authorized Agent named above or its successor shall no longer serve as agent of the Company to receive service of process, notice or papers, the Company shall promptly
appoint a successor that is a legal entity with offices in New York, New York, to serve as Authorized Agent hereunder, which successor shall be acceptable to the Depositary, and will promptly advise the Depositary thereof. In the event the Company
fails to continue such designation and appointment in full force and effect as aforesaid, the Company hereby waives personal service of process upon it and consents that any such service of process may be made by certified or registered mail, return
receipt requested, directed to the Company at its address last specified for notices hereunder, and service so made shall be deemed completed five (5) days after the same shall have been so mailed. 

  
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 (b) Optional Arbitration. Notwithstanding anything in this Deposit Agreement to the contrary,
each of the parties hereto (i.e. the Company, the Depositary and all Holders from time to time of ADRs issued hereunder (and any persons holding interests in ADSs)) agrees that: (i) the Depositary may, in its sole discretion, elect to institute
any action, controversy, claim or dispute directly or indirectly based on, arising out of or relating to this Deposit Agreement or the ADRs or the transactions contemplated hereby or thereby, including without limitation any question regarding its
or their existence, validity, interpretation, performance or termination (a “Dispute”) against any other party or parties hereto (including, without limitation, Disputes brought against Holders and owners of interests in ADSs), by
having the Dispute referred to and finally resolved by an arbitration conducted under the terms set out below, and (ii) the Depositary may in its sole discretion require, by written notice to the relevant party or parties, that any Dispute,
legal suit, action or proceeding brought by any party or parties hereto (including, without limitation, Disputes, legal suits, actions or proceedings brought by Holders and owners of interests in ADSs) against the Depositary shall be referred to and
finally settled by an arbitration conducted under the terms set out below; provided however, notwithstanding the Depositary’s written notice under this (ii), to the extent there are securities law violation aspects to any claims against the
Depositary brought by any Holder, the securities law violation aspects to such claims brought by a Holder against the Depositary may, at the option of such Holder, remain in state or federal court in New York, New York and all other aspects, claims,
Disputes, legal suits, actions and/or proceedings brought by such Holder against the Depositary, including those brought along with, or in addition to, securities law violation claims, would be referred to arbitration in accordance herewith. Any
such arbitration shall at the Depositary’s election be conducted either in New York, New York in accordance with the Commercial Arbitration Rules of the American Arbitration Association or in Hong Kong following the arbitration rules of the
United Nations Commission on International Trade Law (UNCITRAL) with the Hong Kong International Arbitration Centre serving as the appointing authority, and the language of any such arbitration shall be English. A notice of arbitration may be mailed
to the Company at its address last specified for notices under this Deposit Agreement, and, if applicable, to any Holders at their addresses on the ADR Register. In any case where the Depositary exercises its right to arbitrate hereunder,
arbitration of the Dispute shall be mandatory and any pending litigation arising out of or related to such Dispute shall be stayed. Judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction thereof. The
number of arbitrators shall be three, each of whom shall be disinterested in the dispute or controversy, shall have no connection with any party thereto, and shall be an attorney experienced in international securities transactions. Each of the
Company and the Depositary shall appoint one arbitrator and the two arbitrators shall select a third arbitrator who shall serve as chairperson of the tribunal. If a Dispute shall involve more than two parties, the parties shall attempt to align
themselves in two sides (i.e., claimant and respondent), each of which shall appoint one arbitrator as if there were only two parties to such Dispute. If either or both parties fail to select an arbitrator, or if such alignment (in the event there
are more than two parties) shall not have occurred, within thirty (30) calendar days after the Depositary serves the arbitration demand or the two arbitrators fail to select a third arbitrator within thirty (30) calendar days of the
selection of the second arbitrator, the American Arbitration Association in the case of an arbitration in New York, or the Hong Kong International Arbitration Centre in the case of an arbitration in Hong Kong, shall appoint the remaining arbitrator
or arbitrators in accordance with its rules. The parties and the American Arbitration Association and/or the Hong Kong International Arbitration Centre, as the case may be, may appoint the arbitrators from among the nationals of any country, whether
or not the appointing party or any other party to the arbitration is a national of that country. The arbitrators shall have no authority to award damages against any party not measured by the prevailing party’s actual damages and shall have no
authority to award any consequential, special or punitive damages against any party and may not, in any event, make any ruling, finding or award that does not conform to the terms and conditions of this Deposit Agreement. In all cases, the fees of
the arbitrators and other costs incurred by the parties in connection with such arbitration shall be paid by the party (or parties) that is (or are) unsuccessful in such arbitration. No party hereto shall be entitled to join or consolidate disputes
by or against others in any arbitration, or to include in any arbitration any dispute as a representative or member of a class, or act in any arbitration in the interest of the general public or in a private attorney general capacity. 

  
 10 

 

 
  

 (c) Actions by Holders etc. By holding an ADS or an interest therein, Holders and owners of
ADSs each irrevocably agree that any legal suit, action or proceeding against or involving the Company or the Depositary, arising out of or based upon this Deposit Agreement or the transactions contemplated hereby, may only be instituted in a state
or federal court in New York, New York, and by holding an ADS or an interest therein each irrevocably waives any objection which it may now or hereafter have to the laying of venue of any such proceeding, and irrevocably submits to the exclusive
jurisdiction of such courts in any such suit, action or proceeding. 
 To the extent that the Company or any of its properties, assets or
revenues may have or may hereafter be entitled to, or have attributed to it, any right of immunity, on the grounds of sovereignty or otherwise, from any legal action, suit or proceeding (including any arbitration), from the giving of any relief in
respect thereof, from setoff or counterclaim, from the jurisdiction of any court, from service of process, from attachment upon or prior to judgment, from attachment in aid of execution or judgment, or from execution of judgment, or other legal
process or proceeding for the giving of any relief or for the enforcement of any judgment or arbitral award, in any jurisdiction in which proceedings may at any time be commenced, with respect to its obligations, liabilities or other matters under
or arising out of or in connection with the Shares or Deposited Securities, the ADSs, the ADRs or this Deposit Agreement, the Company, to the fullest extent permitted by law, hereby irrevocably and unconditionally waives, and agrees not to plead or
claim, any such immunity and consents to such relief and enforcement. 

  
 11 

 

 
  

 (d) Waiver. EACH PARTY TO THIS DEPOSIT AGREEMENT (INCLUDING, FOR AVOIDANCE OF DOUBT, EACH
HOLDER AND BENEFICIAL OWNER AND/OR HOLDER OF INTERESTS IN ADRS) HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING AGAINST THE DEPOSITARY AND/OR
THE COMPANY DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THE SHARES OR OTHER DEPOSITED SECURITIES, THE ADSs OR THE ADRs, THE DEPOSIT AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREIN OR THEREIN, OR THE BREACH HEREOF OR THEREOF (WHETHER BASED
ON CONTRACT, TORT, COMMON LAW OR ANY OTHER THEORY). 

  
 12 

 

 
  

 IN WITNESS WHEREOF, ZHAOPIN LIMITED and JPMORGAN CHASE BANK, N.A. have duly executed this
Deposit Agreement as of the day and year first above set forth and all holders of ADRs shall become parties hereto upon acceptance by them of ADRs issued in accordance with the terms hereof. 

 

			
	ZHAOPIN LIMITED
		
	By:	 	  

	Name:	 	
	Title	 	
	
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	  

	Name:	 	
	Title:	 	Executive Director

  
 13 

 

 
  

 EXHIBIT A 

ANNEXED TO AND INCORPORATED IN 

DEPOSIT AGREEMENT 
 [FORM OF
FACE OF ADR] 
  

							
	        	 		 	No. of ADSs:
	Number	 		 		 	
				
		 		 		 	                     

Each ADS represents

		 		 		 	two Shares
				
		 		 		 	CUSIP:

 AMERICAN DEPOSITARY RECEIPT 

evidencing 
 AMERICAN DEPOSITARY
SHARES 
 representing 

CLASS A ORDINARY SHARES 
 of

 ZHAOPIN LIMITED 

(Incorporated under the laws of the Cayman Islands) 

JPMORGAN CHASE BANK, N.A., a national banking association organized under the laws of the United States of America, as depositary hereunder
(the “Depositary”), hereby certifies that                      is the registered owner (a “Holder”) of
                     American Depositary Shares (“ADSs”), each (subject to paragraph (13)) representing two Class A ordinary
shares (including the rights to receive Shares described in paragraph (1), “Shares” and, together with any other securities, cash or property from time to time held by the Depositary in respect or in lieu of deposited Shares, the
“Deposited Securities”), of Zhaopin Limited, a corporation organized under the laws of the Cayman Islands (the “Company”), deposited under the Deposit Agreement dated as of [DATE]     , 2014 (as amended from
time to time, the “Deposit Agreement”) among the Company, the Depositary and all Holders from time to time of American Depositary Receipts issued thereunder (“ADRs”), each of whom by accepting an ADR becomes a party thereto. The
Deposit Agreement and this ADR (which includes the provisions set forth on the reverse hereof) shall be governed by and construed in accordance with the laws of the State of New York. 

  
 A-1 

 

 
  

 (1) Issuance and Pre-Release of ADSs. This ADR is one of the ADRs issued under the
Deposit Agreement. Subject to the other provisions hereof, the Depositary may so issue ADRs for delivery at the Transfer Office (as hereinafter defined) only against deposit of: (a) Shares in a form satisfactory to the Custodian;
(b) rights to receive Shares from the Company or any registrar, transfer agent, clearing agent or other entity recording Share ownership or transactions; or (c) in accordance with the next paragraph hereof. 

In its capacity as Depositary, the Depositary shall not lend Shares or ADSs; provided, however, that the Depositary may issue ADSs prior to
the receipt of Shares (each such transaction a “Pre-Release”). The Depositary may receive ADSs in lieu of Shares under the preceding sentence (which ADSs will promptly be canceled by the Depositary upon receipt by the Depositary). Each
such Pre-Release will be subject to a written agreement whereby the person or entity (the “Applicant”) to whom ADSs or Shares are to be delivered (a) represents that at the time of the Pre-Release the Applicant or its customer owns
the Shares or ADSs that are to be delivered by the Applicant under such Pre-Release, (b) agrees to indicate the Depositary as owner of such Shares or ADSs in its records and to hold such Shares or ADSs in trust for the Depositary until such
Shares or ADSs are delivered to the Depositary or the Custodian, (c) unconditionally guarantees to deliver to the Depositary or the Custodian, as applicable, such Shares or ADSs, and (d) agrees to any additional restrictions or
requirements that the Depositary deems appropriate. Each such Pre-Release will be at all times fully collateralized with cash, U.S. government securities or such other collateral as the Depositary deems appropriate, terminable by the Depositary on
not more than five (5) business days’ notice and subject to such further indemnities and credit regulations as the Depositary deems appropriate. The Depositary will normally limit the number of ADSs and Shares involved in such Pre-Release
at any one time to thirty percent (30%) of the ADSs outstanding (without giving effect to ADSs outstanding under Pre-Release transactions), provided, however, that the Depositary reserves the right to change or disregard such limit from time to
time as it deems appropriate. The Depositary may also set limits with respect to the number of ADSs and Shares involved in Pre-Release with any one person on a case-by-case basis as it deems appropriate. The Depositary may retain for its own account
any compensation received by it in conjunction with the foregoing. Collateral provided in connection with Pre-Release transactions, but not the earnings thereon, shall be held for the benefit of the Holders (other than the Applicant). 

  
 A-2 

 

 
  

 Every person depositing Shares under the Deposit Agreement represents and warrants that
(a) such Shares and the certificates therefor are duly authorized, validly issued and outstanding, fully paid, nonassessable and legally obtained by such person (b) all pre-emptive and comparable rights, if any, with respect to such Shares
have been validly waived or exercised, (c) the person making such deposit is duly authorized so to do, (d) the Shares presented for deposit are free and clear of any lien, encumbrance, security interest, charge, mortgage or adverse claim
and (e) such Shares (A) are not “restricted securities” as such term is defined in Rule 144 under the Securities Act of 1933 (“Restricted Securities”) unless at the time of deposit the requirements of paragraphs (c),
(e), (f) and (h) of Rule 144 shall not apply and such Shares may be freely transferred and may otherwise be offered and sold freely in the United States or (B) have been registered under the Securities Act of 1933. To the extent the
person depositing Shares is an “affiliate” of the Company as such term is defined in Rule 144, the person also represents and warrants that upon the sale of the ADSs, all of the provisions of Rule 144 which enable the Shares to be freely
sold (in the form of ADSs) will be fully complied with and, as a result thereof, all of the ADSs issued in respect of such Shares will not be on the sale thereof, Restricted Securities. Such representations and warranties shall survive the deposit
and withdrawal of Shares and the issuance and cancellation of ADSs in respect thereof and the transfer of such ADSs. The Depositary will not knowingly accept for deposit under the Deposit Agreement any Shares required to be registered under the
Securities Act of 1933 and not so registered; the Depositary may refuse to accept for such deposit any Shares identified by the Company in order to facilitate the Company’s compliance with the requirements of the Securities Act of 1933 or the
Rules made thereunder. 
 (2) Withdrawal of Deposited Securities. Subject to paragraphs (4) and (5), upon surrender of
(i) a certificated ADR in form satisfactory to the Depositary at the Transfer Office or (ii) proper instructions and documentation in the case of a Direct Registration ADR, the Holder hereof is entitled to delivery at, or to the extent in
dematerialized form from, the Custodian’s office of the Deposited Securities at the time represented by the ADSs evidenced by this ADR. At the request, risk and expense of the Holder hereof, the Depositary may deliver such Deposited Securities
at such other place as may have been requested by the Holder. Notwithstanding any other provision of the Deposit Agreement or this ADR, the withdrawal of Deposited Securities may be restricted only for the reasons set forth in General Instruction
I.A.(1) of Form F-6 (as such instructions may be amended from time to time) under the Securities Act of 1933. 

  
 A-3 

 

 
  

 (3) Transfers of ADRs. The Depositary or its agent will keep, at a designated transfer
office (the “Transfer Office”), (a) a register (the “ADR Register”) for the registration, registration of transfer, combination and split-up of ADRs, and, in the case of Direct Registration ADRs, shall include the Direct
Registration System, which at all reasonable times will be open for inspection by Holders and the Company for the purpose of communicating with Holders in the interest of the business of the Company or a matter relating to the Deposit Agreement and
(b) facilities for the delivery and receipt of ADRs. The term ADR Register includes the Direct Registration System. Title to this ADR (and to the Deposited Securities represented by the ADSs evidenced hereby), when properly endorsed (in the
case of ADRs in certificated form) or upon delivery to the Depositary of proper instruments of transfer, is transferable by delivery with the same effect as in the case of negotiable instruments under the laws of the State of New York;
provided that the Depositary, notwithstanding any notice to the contrary, may treat the person in whose name this ADR is registered on the ADR Register as the absolute owner hereof for all purposes and neither the Depositary nor the Company
will have any obligation or be subject to any liability under the Deposit Agreement to any holder of an ADR, unless such holder is the Holder thereof. Subject to paragraphs (4) and (5), this ADR is transferable on the ADR Register and may be
split into other ADRs or combined with other ADRs into one ADR, evidencing the aggregate number of ADSs surrendered for split-up or combination, by the Holder hereof or by duly authorized attorney upon surrender of this ADR at the Transfer Office
properly endorsed (in the case of ADRs in certificated form) or upon delivery to the Depositary of proper instruments of transfer and duly stamped as may be required by applicable law; provided that the Depositary may close the ADR Register
at any time or from time to time when deemed expedient by it or when reasonably requested by the Company solely in order to enable the Company to comply with applicable law. At the request of a Holder, the Depositary shall, for the purpose of
substituting a certificated ADR with a Direct Registration ADR, or vice versa, execute and deliver a certificated ADR or a Direct Registration ADR, as the case may be, for any authorized number of ADSs requested, evidencing the same aggregate number
of ADSs as those evidenced by the certificated ADR or Direct Registration ADR, as the case may be, substituted. 
 (4) Certain
Limitations. Prior to the issue, registration, registration of transfer, split-up or combination of any ADR, the delivery of any distribution in respect thereof, or, subject to the last sentence of paragraph (2), the withdrawal of any Deposited
Securities, and from time to time in the case of clause (b)(ii) of this paragraph (4), the Company, the Depositary or the Custodian may require: (a) payment with respect thereto of (i) any stock transfer or other tax or other governmental
charge, (ii) any stock transfer or registration fees in effect for the registration of transfers of Shares or other Deposited Securities upon any applicable register and (iii) any applicable charges as provided in paragraph (7) of
this ADR; (b) the production of proof satisfactory to it of (i) the identity of any signatory and genuineness of any signature and (ii) such other information, including without limitation, information as to citizenship, residence,
exchange control approval, beneficial ownership of any securities, compliance with applicable law, regulations, provisions of or governing Deposited Securities and terms of the Deposit Agreement and this ADR, as it may deem necessary or proper; and
(c) compliance with such regulations as the Depositary may establish consistent with the Deposit Agreement. The issuance of ADRs, the acceptance of deposits of Shares, the registration, registration of transfer,
split-up or combination of ADRs or, subject to the last sentence of paragraph (2), the withdrawal of Deposited Securities may be suspended, generally or in particular instances, when the ADR Register or any
register for Deposited Securities is closed or when any such action is deemed advisable by the Depositary. 

  
 A-4 

 

 
  

 (5) Taxes. If any tax or other governmental charges (including any penalties and/or
interest) shall become payable by or on behalf of the Custodian or the Depositary with respect to this ADR, any Deposited Securities represented by the ADSs evidenced hereby or any distribution thereon, including, without limitation, any Chinese
Enterprise Income Tax owing if the Circular Guoshuifa [2009] No. 82 issued by the Chinese State Administration of Taxation (SAT) or any other circular, edict, order or ruling, as issued and as from time to time amended, is applied or otherwise,
such tax or other governmental charge shall be paid by the Holder hereof to the Depositary and by holding or having held an ADR the Holder and all prior Holders hereof, jointly and severally, agree to indemnify, defend and save harmless each of the
Depositary and its agents in respect thereof. The Depositary may refuse to effect any registration, registration of transfer, split-up or combination hereof or, subject to the last sentence of paragraph (2),
any withdrawal of such Deposited Securities until such payment is made. The Depositary may also deduct from any distributions on or in respect of Deposited Securities, or may sell by public or private sale for the account of the Holder hereof any
part or all of such Deposited Securities (after attempting by reasonable means to notify the Holder hereof prior to such sale), and may apply such deduction or the proceeds of any such sale in payment of such tax or other governmental charge, the
Holder hereof remaining liable for any deficiency, and shall reduce the number of ADSs evidenced hereby to reflect any such sales of Shares. In connection with any distribution to Holders, the Company will remit to the appropriate governmental
authority or agency all amounts (if any) required to be withheld and owing to such authority or agency by the Company; and the Depositary and the Custodian will remit to the appropriate governmental authority or agency all amounts (if any) required
to be withheld and owing to such authority or agency by the Depositary or the Custodian. If the Depositary determines that any distribution in property other than cash (including Shares or rights) on Deposited Securities is subject to any tax that
the Depositary or the Custodian is obligated to withhold, the Depositary may dispose of all or a portion of such property in such amounts and in such manner as the Depositary deems necessary and practicable to pay such taxes, by public or private
sale, and the Depositary shall distribute the net proceeds of any such sale or the balance of any such property after deduction of such taxes to the Holders entitled thereto. Each Holder of an ADR or an interest therein agrees to indemnify the
Depositary, the Company, the Custodian and any of their respective officers, directors, employees, agents and affiliates against, and hold each of them harmless from, any claims by any governmental authority with respect to taxes, additions to tax,
penalties or interest arising out of any refund of taxes, reduced rate of withholding at source or other tax benefit obtained. 

  
 A-5 

 

 
  

 (6) Disclosure of Interests. To the extent that the provisions of or governing any
Deposited Securities may require disclosure of or impose limits on beneficial or other ownership of Deposited Securities, other Shares and other securities and may provide for blocking transfer, voting or other rights to enforce such disclosure or
limits, Holders and all persons holding ADRs agree to comply with all such disclosure requirements and ownership limitations and to comply with any reasonable Company instructions in respect thereof. The Company reserves the right to instruct
Holders to deliver their ADSs for cancellation and withdrawal of the Deposited Securities so as to permit the Company to deal directly with the Holder thereof as a holder of Shares and Holders agree to comply with such instructions. The Depositary
agrees to cooperate with the Company in its efforts to inform Holders of the Company’s exercise of its rights under this paragraph and agrees to consult with, and provide reasonable assistance without risk, liability or expense on the part of
the Depositary, to the Company on the manner or manners in which it may enforce such rights with respect to any Holder. 
 (7) Charges of
Depositary. The Depositary may charge, and collect from, (i) each person to whom ADSs are issued, including, without limitation, issuances against deposits of Shares, issuances in respect of Share Distributions, Rights and
Other Distributions (as such terms are defined in paragraph (10)), issuances pursuant to a stock dividend or stock split declared by the Company, or issuances pursuant to a merger, exchange of securities or any other transaction or event
affecting the ADSs or the Deposited Securities, and (ii) each person surrendering ADSs for withdrawal of Deposited Securities or whose ADSs are cancelled or reduced for any other reason, U.S.$5.00 for each 100 ADSs (or portion thereof) issued,
delivered, reduced, cancelled or surrendered (as the case may be). The Depositary may sell (by public or private sale) sufficient securities and property received in respect of Share Distributions, Rights and Other Distributions prior to such
deposit to pay such charge. The following additional charges shall be incurred by the Holders, by any party depositing or withdrawing Shares or by any party surrendering ADSs, to whom ADSs are issued (including, without limitation, issuances
pursuant to a stock dividend or stock split declared by the Company or an exchange of stock regarding the ADSs or the Deposited Securities or a distribution of ADSs pursuant to paragraph (10)), whichever is applicable (i) a fee of U.S.$0.05 or
less per ADS for any Cash distribution made pursuant to the Deposit Agreement, (ii) a fee of U.S.$1.50 per ADR or ADRs for transfers made pursuant to paragraph (3) hereof, (iii) a fee for the distribution or sale of securities
pursuant to paragraph (10) hereof, such fee being in an amount equal to the fee for the execution and delivery of ADSs referred to above which would have been charged as a result of the deposit of such securities (for purposes of this paragraph
(7) treating all such securities as if they were Shares) but which securities or the net cash proceeds from the sale thereof are instead distributed by the Depositary to Holders entitled thereto, (iv) an aggregate fee of U.S.$0.05 per ADS
per calendar year (or portion thereof) for services performed by the Depositary in administering the ADRs (which fee may be charged on a periodic basis during each calendar year and shall be assessed against Holders as of the record date or record
dates set by the Depositary during each calendar year and shall be payable at the sole discretion of the Depositary by billing such Holders or by deducting such charge from one or more cash dividends or other cash distributions), and (v) a fee
for the reimbursement of such fees, charges and expenses as are incurred by the Depositary and/or any of its agents (including, without limitation, the Custodian and expenses incurred on behalf of Holders in connection with compliance with foreign
exchange control regulations or any law or regulation relating to foreign investment) in connection with the servicing of the Shares or other Deposited Securities, the sale of securities (including, without limitation, Deposited Securities), the
delivery of Deposited Securities or otherwise in connection with the Depositary’s or its Custodian’s compliance with applicable law, rule or regulation (which fees and charges shall be assessed on a proportionate basis against Holders as
of the record date or dates set by the Depositary and shall be payable at the sole discretion of the Depositary by billing such Holders or by deducting such charge from one or more cash dividends or other cash distributions). The Company will pay
all other charges and expenses of the Depositary and any agent of the Depositary (except the Custodian) pursuant to agreements from time to time between the Company and the Depositary, except (i) stock transfer or other taxes and other
governmental charges (which are payable by Holders or persons depositing Shares), (ii) cable, telex and facsimile transmission and delivery charges incurred at the request of persons depositing, or Holders delivering Shares, ADRs or Deposited
Securities (which are payable by such persons or Holders), (iii) transfer or registration fees for the registration or transfer of Deposited Securities on any applicable register in connection with the deposit or withdrawal of Deposited
Securities (which are payable by persons depositing Shares or Holders withdrawing Deposited Securities; there are no such fees in respect of the Shares as of the date of the Deposit Agreement), and (iv) in connection with the conversion of
foreign currency into U.S. dollars, JPMorgan Chase Bank, N.A. (“JPMorgan”) shall deduct out of such foreign currency the fees, expenses and other charges charged by it and/or its agent (which may be a division, branch or affiliate) so
appointed in connection with such conversion. JPMorgan and/or its agent may act as principal for such conversion of foreign currency. Such charges may at any time and from time to time be changed by agreement between the Company and the Depositary.

  
 A-6 

 

 
  

 The Depositary anticipates reimbursing the Company for certain expenses incurred by the
Company that are related to the establishment and maintenance of the ADR program upon such terms and conditions as the Company and the Depositary may agree from time to time. The Depositary may make available to the Company a set amount or a
portion of the Depositary fees charged in respect of the ADR program or otherwise upon such terms and conditions as the Company and the Depositary may agree from time to time.

The right of the Depositary to receive payment of fees, charges and expenses as provided above shall survive the termination of the Deposit
Agreement. As to any Depositary, upon the resignation or removal of such Depositary, such right shall extend for those fees, charges and expenses incurred prior to the effectiveness of such resignation or removal.

  
 A-7 

 

 
  

 (8) Available Information. The Deposit Agreement, the provisions of or governing
Deposited Securities and any written communications from the Company, which are both received by the Custodian or its nominee as a holder of Deposited Securities and made generally available to the holders of Deposited Securities, are available for
inspection by Holders at the offices of the Depositary and the Custodian and at the Transfer Office. The Depositary will distribute copies of such communications (or English translations or summaries thereof) to Holders when furnished by the
Company. The Company is subject to the periodic reporting requirements of the Securities Exchange Act of 1934 and accordingly files certain reports with the United States Securities and Exchange Commission (the “Commission”). Such reports
and other information may be inspected and copied at public reference facilities maintained by the Commission located at the date hereof at 100 F Street, NE, Washington, DC 20549. 

(9) Execution. This ADR shall not be valid for any purpose unless executed by the Depositary by the manual or facsimile signature of a
duly authorized officer of the Depositary. 
 Dated: 
  

			
	JPMORGAN CHASE BANK, N.A., as Depositary
		
	By	 	  

	Authorized Officer

 The Depositary’s office is located at 1 Chase Manhattan Plaza, Floor 58, New York, New York,
10005-1401. 

  
 A-8 

 [FORM OF REVERSE OF ADR] 

(10) Distributions on Deposited Securities. Subject to paragraphs (4) and (5), to the extent practicable, the Depositary will
distribute to each Holder entitled thereto on the record date set by the Depositary therefor at such Holder’s address shown on the ADR Register, in proportion to the number of Deposited Securities (on which the following distributions on
Deposited Securities are received by the Custodian) represented by ADSs evidenced by such Holder’s ADRs: (a) Cash. Any U.S. dollars available to the Depositary resulting from a cash dividend or other cash distribution or the net
proceeds of sales of any other distribution or portion thereof authorized in this paragraph (10) (“Cash”), on an averaged or other practicable basis, subject to (i) appropriate adjustments for taxes withheld, (ii) such
distribution being impermissible or impracticable with respect to certain Holders, and (iii) deduction of the Depositary’s and/or its agents’ fees and expenses in (1) converting any foreign currency to U.S. dollars by sale or in
such other manner as the Depositary may determine to the extent that it determines that such conversion may be made on a reasonable basis, (2) transferring foreign currency or U.S. dollars to the United States by such means as the Depositary
may determine to the extent that it determines that such transfer may be made on a reasonable basis, (3) obtaining any approval or license of any governmental authority required for such conversion or transfer, which is obtainable at a
reasonable cost and within a reasonable time and (4) making any sale by public or private means in any commercially reasonable manner. (b) Shares. (i) Additional ADRs evidencing whole ADSs representing any Shares available to
the Depositary resulting from a dividend or free distribution on Deposited Securities consisting of Shares (a “Share Distribution”) and (ii) U.S. dollars available to it resulting from the net proceeds of sales of Shares received in a
Share Distribution, which Shares would give rise to fractional ADSs if additional ADRs were issued therefor, as in the case of Cash. (c) Rights. (i) Warrants or other instruments in the discretion of the Depositary representing
rights to acquire additional ADRs in respect of any rights to subscribe for additional Shares or rights of any nature available to the Depositary as a result of a distribution on Deposited Securities (“Rights”), to the extent that the
Company timely furnishes to the Depositary evidence satisfactory to the Depositary that the Depositary may lawfully distribute the same (the Company has no obligation to so furnish such evidence), or (ii) to the extent the Company does not so
furnish such evidence and sales of Rights are practicable, any U.S. dollars available to the Depositary from the net proceeds of sales of Rights as in the case of Cash, or (iii) to the extent the Company does not so furnish such evidence and
such sales cannot practicably be accomplished by reason of the nontransferability of the Rights, limited markets therefor, their short duration or otherwise, nothing (and any Rights may lapse). (d) Other Distributions.
(i) Securities or property available to the Depositary resulting from any distribution on Deposited Securities other than Cash, Share Distributions and Rights (“Other Distributions”), by any means that the Depositary may deem
equitable and practicable, or (ii) to the extent the Depositary deems distribution of such securities or property not to be equitable and practicable, any U.S. dollars available to the Depositary from the net proceeds of sales of Other
Distributions as in the case of Cash. The Depositary reserves the right to utilize a division, branch or affiliate of JPMorgan Chase Bank, N.A. to direct, manage and/or execute any public and/or private sale of securities hereunder. Such division,
branch and/or affiliate may charge the Depositary a fee in connection with such sales, which fee is considered an expense of the Depositary contemplated above and/or under paragraph (7) hereof. Any U.S. dollars available will be distributed by
checks drawn on a bank in the United States for whole dollars and cents. Fractional cents will be withheld without liability and dealt with by the Depositary in accordance with its then current practices. The Company agrees that it shall not make
cash distributions (including, without limitation, cash dividends) to shareholders in a currency other than U.S. dollars. 

  
 A-9 

 (11) Record Dates. The Depositary may, after consultation with the Company if practicable,
fix a record date (which, to the extent applicable, shall be as near as practicable to any corresponding record date set by the Company) for the determination of the Holders who shall be responsible for the fee assessed by the Depositary for
administration of the ADR program and for any expenses provided for in paragraph (7) hereof as well as for the determination of the Holders who shall be entitled to receive any distribution on or in respect of Deposited Securities, to give
instructions for the exercise of any voting rights, to receive any notice or to act in respect of other matters and only such Holders shall be so entitled or obligated. 

(12) Voting of Deposited Securities. As soon as practicable after receipt from the Company of notice of any meeting or solicitation of
consents or proxies of holders of Shares or other Deposited Securities, the Depositary shall distribute to Holders a notice stating (a) such information as is contained in such notice and any solicitation materials, (b) that each Holder on
the record date set by the Depositary therefor will, subject to any applicable provisions of Cayman Island law, be entitled to instruct the Depositary as to the exercise of the voting rights, if any, pertaining to the Deposited Securities
represented by the ADSs evidenced by such Holder’s ADRs and (c) the manner in which such instructions may be given, including instructions to give a discretionary proxy to a person designated by the Company. Upon actual receipt by the ADR
department of the Depositary of instructions of a Holder on such record date in the manner and on or before the time established by the Depositary for such purpose, the Depositary shall endeavor insofar as practicable and permitted under the
provisions of or governing Deposited Securities to vote or cause to be voted the Deposited Securities represented by the ADSs evidenced by such Holder’s ADRs in accordance with such instructions. The Depositary will not itself exercise any
voting discretion in respect of any Deposited Securities. There is no guarantee that Holders generally or any Holder in particular will receive the notice described above with sufficient time to enable such Holder to return any voting instructions
to the Depositary in a timely manner. Notwithstanding anything contained in the Deposit Agreement or any ADR, the Depositary may, to the extent not prohibited by law or regulations, or by the requirements of the stock exchange on which the ADSs are
listed, in lieu of distribution of the materials provided to the Depositary in connection with any meeting of, or solicitation of consents or proxies from, holders of Deposited Securities, distribute to the Holders a notice that provides Holders
with, or otherwise publicizes to Holders, instructions on how to retrieve such materials or receive such materials upon request (i.e., by reference to a website containing the materials for retrieval or a contact for requesting copies of the
materials). Holders are strongly encouraged to forward their voting instructions as soon as possible. Voting instructions will not be deemed received until such time as the ADR department responsible for proxies and voting has received such
instructions notwithstanding that such instructions may have been physically received by JPMorgan Chase Bank, N.A., as Depositary, prior to such time. 

  
 A-10 

 (13) Changes Affecting Deposited Securities. Subject to paragraphs (4) and (5), the
Depositary may, in its discretion, and shall if reasonably requested by the Company, amend this ADR or distribute additional or amended ADRs (with or without calling this ADR for exchange) or cash, securities or property on the record date set by
the Depositary therefor to reflect any change in par value, split-up, consolidation, cancellation or other reclassification of Deposited Securities, any Share Distribution or Other Distribution not distributed
to Holders or any cash, securities or property available to the Depositary in respect of Deposited Securities from (and the Depositary is hereby authorized to surrender any Deposited Securities to any person and, irrespective of whether such
Deposited Securities are surrendered or otherwise cancelled by operation of law, rule, regulation or otherwise, to sell by public or private sale any property received in connection with) any recapitalization, reorganization, merger, consolidation,
liquidation, receivership, bankruptcy or sale of all or substantially all the assets of the Company, and to the extent the Depositary does not so amend this ADR or make a distribution to Holders to reflect any of the foregoing, or the net proceeds
thereof, whatever cash, securities or property results from any of the foregoing shall constitute Deposited Securities and each ADS evidenced by this ADR shall automatically represent its pro rata interest in the Deposited Securities as then
constituted. Promptly upon the occurrence of any of the aforementioned changes affecting Deposited Securities, the Company shall notify the Depositary in writing of such occurrence and as soon as practicable after receipt of such notice from the
Company, may instruct the Depositary to give notice thereof, at the Company’s expense, to Holders in accordance with the provisions hereof. Upon receipt of such instruction, the Depositary shall give notice to the Holders in accordance with the
terms thereof, as soon as reasonably practicable. 

  
 A-11 

 (14) Exoneration. The Depositary, the Company, their agents and each of them shall:
(a) incur no liability (i) if any present or future law, rule, regulation, fiat, order or decree of the United States, the Cayman Islands, The People’s Republic of China (including the Hong Kong Special Administrative Region, the
People’s Republic of China) or any other country, or of any governmental or regulatory authority or any securities exchange or market or automated quotation system, the provisions of or governing any Deposited Securities, any present or future
provision of the Company’s charter, any act of God, war, terrorism, nationalization or other circumstance beyond its control shall prevent or delay, or shall cause any of them to be subject to any civil or criminal penalty in connection with,
any act which the Deposit Agreement or this ADR provides shall be done or performed by it or them (including, without limitation, voting pursuant to paragraph (12) hereof), or (ii) by reason of any exercise or failure to exercise any
discretion given it in the Deposit Agreement or this ADR (including, without limitation, any failure to determine that any distribution or action may be lawful or reasonably practicable); (b) assume no liability except to perform its
obligations to the extent they are specifically set forth in this ADR and the Deposit Agreement without gross negligence or willful misconduct; (c) in the case of the Depositary and its agents, be under no obligation to appear in, prosecute or
defend any action, suit or other proceeding in respect of any Deposited Securities or this ADR; (d) in the case of the Company and its agents hereunder be under no obligation to appear in, prosecute or defend any action, suit or other
proceeding in respect of any Deposited Securities or this ADR, which in its opinion may involve it in expense or liability, unless indemnity satisfactory to it against all expense (including fees and disbursements of counsel) and liability be
furnished as often as may be required; or (e) not be liable for any action or inaction by it in reliance upon the advice of or information from legal counsel, accountants, any person presenting Shares for deposit, any Holder, or any other
person believed by it to be competent to give such advice or information. The Depositary shall not be liable for the acts or omissions made by, or the insolvency of, any securities depository, clearing agency or settlement system. The Depositary
shall not be responsible for, and shall incur no liability in connection with or arising from, the insolvency of any Custodian that is not a branch or affiliate of JPMorgan Chase Bank, N.A. The Depositary shall not have any liability for the price
received in connection with any sale of securities, the timing thereof or any delay in action or omission to act nor shall it be responsible for any error or delay in action, omission to act, default or negligence on the part of the party so
retained in connection with any such sale or proposed sale. Notwithstanding anything to the contrary contained in the Deposit Agreement (including the ADRs), subject to the penultimate sentence of this paragraph (14), the Depositary shall not be
responsible for, and shall incur no liability in connection with or arising from, any act or omission to act on the part of the Custodian except to the extent that the Custodian has (i) committed fraud or willful misconduct in the provision of
custodial services to the Depositary or (ii) failed to use reasonable care in the provision of custodial services to the Depositary as determined in accordance with the standards prevailing in the jurisdiction in which the Custodian is located.
The Depositary, its agents and the Company may rely and shall be protected in acting upon any written notice, request, direction, instruction or document believed by them to be genuine and to have been signed, presented or given by the proper party
or parties. 

  
 A-12 

 
The Depositary shall be under no obligation to inform Holders or any other holders of an interest in any ADSs about the requirements of Cayman Island or People’s Republic of China (including
the Hong Kong Special Administrative Region, the People’s Republic of China) law, rules or regulations or any changes therein or thereto. The Depositary and its agents will not be responsible for any failure to carry out any instructions to
vote any of the Deposited Securities, for the manner in which any such vote is cast or for the effect of any such vote. The Depositary may rely upon instructions from the Company or its counsel in respect of any approval or license required for any
currency conversion, transfer or distribution. The Depositary and its agents may own and deal in any class of securities of the Company and its affiliates and in ADRs. Notwithstanding anything to the contrary set forth in the Deposit Agreement or an
ADR, the Depositary and its agents may fully respond to any and all demands or requests for information maintained by or on its behalf in connection with the Deposit Agreement, any Holder or Holders, any ADR or ADRs or otherwise related hereto or
thereto to the extent such information is requested or required by or pursuant to any lawful authority, including without limitation laws, rules, regulations, administrative or judicial process, banking, securities or other regulators. None of the
Depositary, the Custodian or the Company shall be liable for the failure by any Holder or beneficial owner to obtain the benefits of credits on the basis of non-U.S. tax paid against such Holder’s or beneficial owner’s income tax
liability. The Depositary and the Company shall not incur any liability for any tax consequences that may be incurred by Holders and beneficial owners on account of their ownership of the ADRs or ADSs. The Depositary shall not incur any liability
for the content of any information submitted to it by or on behalf of the Company for distribution to the Holders or for any inaccuracy of any translation thereof, for any investment risk associated with acquiring an interest in the Deposited
Securities, for the validity or worth of the Deposited Securities, for the credit-worthiness of any third party, for allowing any rights to lapse upon the terms of the Deposit Agreement or for the failure or timeliness of any notice from the
Company. The Depositary shall not be liable for any acts or omissions made by a successor depositary in connection with any matter arising wholly after the removal or resignation of the Depositary, provided that in connection with the issue out of
which such potential liability arises JPMorgan Chase Bank, N.A., in its capacity as Depositary performed its obligations without negligence while it acted as Depositary. By holding an ADS or an interest therein, Holders and owners of ADSs each
irrevocably agree that any legal suit, action or proceeding against or involving the Company or the Depositary, arising out of or based upon the Deposit Agreement or the transactions contemplated hereby, may only be instituted in a state or federal
court in New York, New York, and by holding an ADS or an interest therein each irrevocably waives any objection which it may now or hereafter have to the laying of venue of any such proceeding, and irrevocably submits to the exclusive jurisdiction
of such courts in any such suit, action or proceeding. The Company has agreed to indemnify the Depositary and its agents under certain circumstances and the Depositary has agreed to indemnify the Company under certain circumstances. Neither the
Depositary nor any of its agents shall be liable to Holders or beneficial owners of interests in ADSs for any indirect, special, punitive or consequential damages (including, without limitation, lost profits) of any form incurred by any person or
entity, whether or not foreseeable and regardless of the type of action in which such a claim may be brought. No disclaimer of liability under the Securities Act of 1933 is intended by any provision hereof. 

  
 A-13 

 (15) Resignation and Removal of Depositary; the Custodian. The Depositary may resign as
Depositary by written notice of its election so to do delivered to the Company, such resignation to take effect upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement. The
Depositary may at any time be removed by the Company by no less than 120 days prior written notice of such removal, to become effective upon the later of (i) the 120th day after delivery of the notice to the Depositary and (ii) the
appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement. The Depositary may appoint substitute or additional Custodians and the term “Custodian” refers to each Custodian or
all Custodians as the context requires. 
 (16) Amendment. Subject to the last sentence of paragraph (2), the ADRs and the Deposit
Agreement may be amended by the Company and the Depositary, provided that any amendment that imposes or increases any fees or charges (other than stock transfer or other taxes and other governmental charges, transfer or registration fees,
cable, telex or facsimile transmission costs, delivery costs or other such expenses), or that shall otherwise prejudice any substantial existing right of Holders, shall become effective 30 days after notice of such amendment shall have been given to
the Holders. Every Holder of an ADR at the time any amendment to the Deposit Agreement so becomes effective shall be deemed, by continuing to hold such ADR, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended
thereby. In no event shall any amendment impair the right of the Holder of any ADR to surrender such ADR and receive the Deposited Securities represented thereby, except in order to comply with mandatory provisions of applicable law. Any amendments
or supplements which (i) are reasonably necessary (as agreed by the Company and the Depositary) in order for (a) the ADSs to be registered on Form F-6 under the Securities Act of 1933 or (b) the ADSs or Shares to be traded solely in
electronic book-entry form and (ii) do not in either such case impose or increase any fees or charges to be borne by Holders, shall be deemed not to prejudice any substantial rights of Holders. Notwithstanding the foregoing, if any governmental
body or regulatory body should adopt new laws, rules or regulations which would require amendment or supplement of the Deposit Agreement or the form of ADR to ensure compliance therewith, the Company and the Depositary may amend or supplement the
Deposit Agreement and the ADR at any time in accordance with such changed laws, rules or regulations. Such amendment or supplement to the Deposit Agreement in such circumstances may become effective before a notice of such amendment or supplement is
given to Holders or within any other period of time as required for compliance. Notice of any amendment to the Deposit Agreement or form of ADRs shall not need to describe in detail the specific amendments effectuated thereby, and failure to
describe the specific amendments in any such notice shall not render such notice invalid, provided, however, that, in each such case, the notice given to the Holders identifies a means for Holders to retrieve or receive the text of such amendment
(i.e., upon retrieval from the Commission’s, the Depositary’s or the Company’s website or upon request from the Depositary). 

  
 A-14 

 (17) Termination. The Depositary may, and shall at the written direction of the Company,
terminate the Deposit Agreement and this ADR by mailing notice of such termination to the Holders at least 30 days prior to the date fixed in such notice for such termination; provided, however, if the Depositary shall have (i) resigned as
Depositary hereunder, notice of such termination by the Depositary shall not be provided to Holders unless a successor depositary shall not be operating hereunder within 60 days of the date of such resignation, or (ii) been removed as
Depositary hereunder, notice of such termination by the Depositary shall not be provided to Holders unless a successor depositary shall not be operating hereunder on the 120th day after the Company’s notice of removal was first provided to the
Depositary. After the date so fixed for termination, (a) all Direct Registration ADRs shall cease to be eligible for the Direct Registration System and shall be considered ADRs issued on the ADR Register and (b) the Depositary shall use
its reasonable efforts to ensure that the ADSs cease to be DTC eligible so that neither DTC nor any of its nominees shall thereafter be a Holder. At such time as the ADSs cease to be DTC eligible and/or neither DTC nor any of its nominees is a
Holder, the Depositary shall (a) instruct its Custodian to deliver all Deposited Securities to the Company along with a general stock power that refers to the names set forth on the ADR Register and (b) provide the Company with a copy of
the ADR Register (which copy may be sent by email or by any means permitted under the notice provisions of the Deposit Agreement). Upon receipt of such Deposited Securities and the ADR Register, the Company shall use its best efforts to issue to
each Holder a Share certificate representing the Shares represented by the ADSs reflected on the ADR Register in such Holder’s name and to deliver such Share certificate to the Holder at the address set forth on the ADR Register. After
providing such instruction to the Custodian and delivering a copy of the ADR Register to the Company, the Depositary and its agents will perform no further acts under the Deposit Agreement and this ADR and shall cease to have any obligations under
the Deposit Agreement and/or the ADRs. After the Company receives the copy of the ADR Register and the Deposited Securities, the Company shall be discharged from all obligations under the Deposit Agreement except (i) to distribute the Shares to
the Holders entitled thereto and (ii) for its obligations to the Depositary and its agents. 

  
 A-15 

 (18) Appointment. Each Holder and each person holding an interest in ADSs, upon acceptance
of any ADSs (or any interest therein) issued in accordance with the terms and conditions of the Deposit Agreement shall be deemed for all purposes to (a) be a party to and bound by the terms of the Deposit Agreement and the applicable ADR(s),
and (b) appoint the Depositary its attorney-in-fact, with full power to delegate, to act on its behalf and to take any and all actions contemplated in the Deposit Agreement and the applicable ADR(s), to adopt any and all procedures necessary to
comply with applicable law and to take such action as the Depositary in its sole discretion may deem necessary or appropriate to carry out the purposes of the Deposit Agreement and the applicable ADR(s), the taking of such actions to be the
conclusive determinant of the necessity and appropriateness thereof. 
 (19) Waiver. EACH PARTY TO THE DEPOSIT AGREEMENT (INCLUDING,
FOR AVOIDANCE OF DOUBT, EACH HOLDER AND BENEFICIAL OWNER AND/OR HOLDER OF INTERESTS IN ADRS) HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION OR PROCEEDING
AGAINST THE DEPOSITARY AND/OR THE COMPANY DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THE SHARES OR OTHER DEPOSITED SECURITIES, THE ADSs OR THE ADRs, THE DEPOSIT AGREEMENT OR ANY TRANSACTION CONTEMPLATED HEREIN OR THEREIN, OR THE BREACH
HEREOF OR THEREOF (WHETHER BASED ON CONTRACT, TORT, COMMON LAW OR ANY OTHER THEORY). 

  
 A-16EX-10.32

 Exhibit 10.32 
  

 
 Share Purchase Agreement 

Zhaopin Limited 
 Jobs DB Inc. 

 
  

 Contents 
  

 
  

							
	 Clause

Number
	 	Heading	  	Page	 
			
	 1
	 	Definitions and Interpretation	  	 	1	  
			
	 2
	 	Sale and Purchase of Shares	  	 	4	  
			
	 3
	 	Consideration	  	 	5	  
			
	 4
	 	Closing	  	 	5	  
			
	 5
	 	Post-Closing Undertakings	  	 	7	  
			
	 6
	 	Seller’s Representations and Warranties	  	 	7	  
			
	 7
	 	Purchaser’s Representations and Warranties	  	 	10	  
			
	 8
	 	Announcements and Confidentiality	  	 	10	  
			
	 9
	 	Counterparts	  	 	11	  
			
	 10
	 	Variation, Waiver and Consent	  	 	11	  
			
	 11
	 	Rights and Remedies	  	 	12	  
			
	 12
	 	Entire Agreement	  	 	12	  
			
	 13
	 	Notices	  	 	12	  
			
	 14
	 	Costs and Stamp Duty	  	 	13	  
			
	 15
	 	Severability	  	 	13	  
			
	 16
	 	Governing Law and Submission to Jurisdiction	  	 	14	  
			
		 	Schedule 1	  	 	15	  
		 	Warranties	  	 	15	  
			
		 	Execution	  	 	20	  

  

					
		 	i	 	Share Purchase Agreement

			
	Date	  	22 May 2014
		
	Parties	  	Zhaopin Limited, a company incorporated in the Cayman Islands with its registered office at PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands (Purchaser)
		
		  	Jobs DB Inc., a company incorporated in the British Virgin Islands with its registered office at P.O. Box 3340, Road Town, Tortola, British Virgin Islands (Seller)

  
  

Recitals 
  

	A	The Seller is the legal and beneficial owner of 10,000 ordinary shares in the Company, representing 100% of the total issued and outstanding share capital of the Company. 

 

	B	The Company has entered into certain agreements with LUO Yan and WANG Guanzhu in relation to Guangzhou Hou Bo, which is the owner of 75.5814% of CJOL. 

 

	C	The Seller has agreed to sell and the Purchaser has agreed to purchase the Shares on the terms set out in this Agreement. 

Operative Provisions 
  

 
  

	1	Definitions and Interpretation 

 Defined terms 

 

	1.1	In this Agreement, the following words and expressions shall, unless the context requires otherwise, have the following meanings: 

CJOL means Shenzhen CJOL Human Resources Co., Ltd.
(深圳市希捷尔人力资源有限公司). 
 Closing
means closing of the sale and purchase of the Shares in accordance with Clause 4. 
 Closing Date has the meaning given to that
term in Clause 4.1. 
 Company means Jobs DB China Investments Limited, a company incorporated in Hong Kong. 

Encumbrance means any claim, mortgage, charge, pledge, lien, restriction, assignment, power of sale, hypothecation, security
interest, title retention, trust arrangement, subordination arrangement, contractual right of set-off or any other agreement or arrangement the effect of which is the creation of security, or any other interest, equity or other right of any person
(including any right to acquire, option, right of first refusal or right of pre-emption), or any agreement, arrangement or obligation to create any of the same. 

Equity Pledge Agreements means the Equity Pledge Agreements dated 26 July 2011 entered into by LUO Yan and WANG Guanzhu with
Job Network. 

  

					
		 	1	 	Share Purchase Agreement

 Exclusive Technical and Consulting Services Agreement means the Exclusive Technical
and Consulting Services Agreement entered into by and between Job Network and Guangzhou Hou Bo dated 26 July 2011. 
 Existing
Guangzhou Hou Bo Agreements means the Exclusive Technical and Consulting Services Agreement, Equity Pledge Agreements, Powers of Attorney, Existing Option Agreement and Existing Loan Agreements. 

Existing Loan Agreement means the loan assignment agreement dated 1 July 2011 entered into between LUO Yan, WANG Guanzhu,
the Company, Chen Dayi and Guangzhou Hou Bo. 
 Existing Option Agreement means the equity option agreement dated 1 July
2011 entered into between LUO Yan, WANG Guanzhu and the Company. 
 Financial Statements has the meaning given to that term in
paragraph 13 of Schedule 1. 
 Guangzhou Hou Bo means Guangzhou Hou Bo Information Technology Co., Ltd.
(广州厚博信息科技有限公司), a limited liability company established under the laws of the People’s Republic of China and legally owned as to 50% by LUO Yan and 50% by WANG
Guanzhu (LUO Yan and WANG Guanzhu together the Nominee Shareholders). 
 Hong Kong means the Hong Kong Special
Administrative Region of the People’s Republic of China. 
 Indemnified Parties has the meaning given to that term in
Clause 6.2. 
 Job Network means Job Opportunity Network Information Technology (Shenzhen) Co., Ltd.
(就业网络信息技术(深圳)有限公司), a wholly foreign-owned enterprise of Jobs DB Hong Kong Limited. 

Loss includes, in respect of any matter, event or circumstance, all demands, claims, actions, proceedings, damages, payments,
fines, penalties, losses, costs (including legal costs in investigating, disputing and defending any claim, action or proceeding), expenses (including tax), disbursements and other liabilities in any case of any nature whatsoever. 

Parties means the named parties to this Agreement and Party means any one of them. 

Powers of Attorney mean the Powers of Attorney granted by each of LUO Yan and WANG Guanzhu in favour of Job Network on
1 July 2011. 
 PRC Companies means Guangzhou Hou Bo and CJOL. 

  

					
		 	2	 	Share Purchase Agreement

 Seller’s Account means: 

Bank Name: The Hongkong and Shanghai Banking Corporation Limited 

Beneficiary bank address: 1 Queen’s Road, Central, Hong Kong 

Name of Beneficiary: Jobs DB Inc 

Account Number: 404-405110-838 

Bank SWIFT Code: HSBCHKHHHKH 

Share Consideration has the meaning given to that term in Clause 3.1. 

Shares means 10,000 ordinary shares representing all of the issued shares in the capital of the Company. 

Transaction Documents means this Agreement and any document entered into pursuant to this Agreement. 

Warranties means the representations and warranties given in Clause 6 and Schedule 1 (Warranties). 

Statutory provisions 
  

	1.2	All references to statutes, statutory provisions or enactments shall include references to any consolidation, re-enactment, modification or replacement of the same, any statute, statutory provision or enactment of which
it is a consolidation, re-enactment, modification or replacement and any subordinate legislation in force under any of the same from time to time except to the extent that any consolidation, re-enactment, modification or replacement enacted after
the date of this Agreement would extend or increase the liability of any Party to another under this Agreement. 

 Parties, Recitals,
Schedules and Clauses 
  

	1.3	References to this Agreement include the Recitals, Schedules and Annexures which form part of this Agreement for all purposes. References in this Agreement to the Parties, the Recitals, Schedules, Annexures and Clauses
are references respectively to the parties to this Agreement and their legal personal representatives, successors and permitted assigns, the recitals, schedules and annexures to and clauses of this Agreement. 

Meaning of references 
  

	1.4	Save where specifically required or indicated otherwise: 

  

	 	(a)	words importing one gender shall be treated as importing any gender, words importing individuals shall be treated as importing corporations and vice versa, words importing the singular shall be treated as importing the
plural and vice versa, and words importing the whole shall be treated as including a reference to any part thereof; 

  

	 	(b)	references to a person shall include any individual, firm, body corporate, unincorporated association, government, state or agency of state, association, joint venture or partnership, in each case whether or not having
a separate legal personality. References to a company shall be construed so as to include any company, corporation or other body corporate wherever and however incorporated or established; 

 

	 	(c)	references to the word include or including (or any similar term) are not to be construed as implying any limitation and general words introduced by the word other (or any
similar term) shall not be given a restrictive meaning by reason of the fact that they are preceded by words indicating a particular class of acts, matters or things; 

  

					
		 	3	 	Share Purchase Agreement

	 	(d)	references to any Hong Kong statutory provision or legal term for any action, remedy, method of judicial proceeding, legal document, legal status, court, official or other legal concept, state of affairs or thing shall
in respect of any jurisdiction other than Hong Kong (including the jurisdiction of incorporation of the Company, whether in the context of the Warranties or otherwise) be deemed to include that which most nearly approximates in that jurisdiction to
the Hong Kong statutory provision or legal term or other legal concept, state of affairs or thing; 

  

	 	(e)	any reference to writing or written includes any method of reproducing words or text in a legible and non-transitory form but, for the avoidance of doubt, shall not include e-mail;

  

	 	(f)	references to United States dollars or US$ are to the lawful currency of the United State of America as at the date of this Agreement; and 

 

	 	(g)	references to times of the day are to that time in Hong Kong and references to a day are to a period of 24 hours running from midnight to midnight. 

Headings 
  

	1.5	Clause and paragraph headings and the table of contents are inserted for ease of reference only and shall not affect construction. 

Awareness 
  

	1.6	Where any statement in the Warranties is qualified by the expression “so far as the Seller is aware” or any similar expression, the Seller’s awareness shall be limited to only those matters that the
Seller has actual knowledge at the date of this Agreement. 

  

 
  

	2	Sale and Purchase of Shares 

 Sale and purchase of Shares 

 

	2.1	Upon the terms and subject to the conditions contained herein, the Seller shall at Closing sell and the Purchaser shall purchase, the entire legal and beneficial ownership, in the Shares free and clear of any
Encumbrances. 

  

	2.2	The Seller covenants with the Purchaser that it has now and at all times up to and at Closing shall have full power and the right to sell and transfer the legal and beneficial title in, the Shares free from all
Encumbrances on the terms set out in this Agreement. 

 Rights attaching to the Shares 

 

	2.3	The Shares shall be sold together with all rights now or hereafter attaching to them, including all rights to any dividend or other distribution declared, made or paid after the date of this Agreement.

 Waiver of restrictions on transfer 
  

	2.4	The Seller hereby irrevocably waives and shall procure, at or prior to Closing, the irrevocable waiver of any restrictions on transfer (including rights of pre-emption) which may exist in relation to the Shares, whether
under the articles of association of the Company or otherwise. 

  

					
		 	4	 	Share Purchase Agreement

  
  

	3	Consideration 

 Consideration 

 

	3.1	The total price for the Shares to be paid by the Purchaser to the Seller is US$ 15,720,000 (fifteen million, seven hundred and twenty thousand United States dollars) (Share Consideration).

  

	3.2	The payment by the Purchaser of the Share Consideration shall be satisfied by the Purchaser paying to the Seller on Closing the Share Consideration in accordance with Clause 4.4(a). 

 
  
  

	4	Closing 

 Timing 
  

	4.1	Closing shall take place on the date of this Agreement or such date as may be agreed in writing between the Purchaser and the Seller (such date, the Closing Date). 

Location 
  

	4.2	Closing shall take place at a location to be agreed by the Parties when all (but not some only) of the events detailed in Clauses 4.3 and 4.4 shall occur (if they have not already occurred). 

Seller’s obligations at Closing 
  

	4.3	At Closing, the Seller shall: 

  

	 	(a)	deliver (or cause to be delivered) to the Purchaser: 

  

	 	(i)	duly executed instrument of transfer and sold note in respect of all of the Shares in favour of the Purchaser or its nominee together with the relative share certificates (or indemnities in respect thereof in the agreed
form); 

  

	 	(ii)	certified copies of any powers of attorney under which any of the documents referred to in this Clause 4.3 are executed or evidence satisfactory to the Purchaser of the authority of any person signing on behalf of the
Seller; 

  

	 	(iii)	a copy of a resolution of the board of directors of the Seller (certified by a duly appointed officer as true and correct) authorising the execution of and the performance by that entity of its obligations under this
Agreement, the other Transaction Documents to which it is a party and each of the other documents to be executed by that entity; 

  

	 	(iv)	all the statutory and other books and records (including financial records) (duly written up to, but not including, Closing) of the Company and its certificate of incorporation, any certificates of incorporation on
change of name, current business registration certificates, common seal and any other chops; 

  

	 	(v)	duly executed documents required for the change of the authorized bank signatories of the PRC Companies to such persons designated by the Purchaser in the form agreed by the Parties prior to the execution of this
Agreement; 

  

					
		 	5	 	Share Purchase Agreement

	 	(vi)	letters of resignation, in the agreed form, from: 

  

	 	(A)	each of the Directors of the Company; 

  

	 	(B)	Tony Lau (刘加立) as legal representative and executive director, Ashley Pun (潘志华) as manager and Luo Yan (罗燕) as commissioner of Guangzhou Hou Bo respectively;

  

	 	(C)	Wang Guanzhu (王冠珠) ,Tony Lau (刘加立), Ashley Pun (潘志华), Thomas Yue (余永江) as directors, Jeff Shi (施瑜) as manager and Luo Yan
(罗燕) as commissioner of CJOL respectively, 

 such resignations to take effect from Closing;

  

	 	(vii)	revocation letters from each of LUO Yan and WANG Guanzhu to revoke the Powers of Attorney; 

  

	 	(viii)	duly executed termination agreement of the Exclusive Technical and Consulting Services Agreement; 

  

	 	(ix)	duly executed discharge agreements of the Equity Pledge Agreements and duly executed application documents, in the form agreed by the Parties prior to the execution of this Agreement to discharge the pledge over the
equity interest in Guangzhou Hou Bo granted by LUO Yan and WANG Guanzhu in favour of Job Network; 

  

	 	(x)	duly executed equity interests transfer agreements and duly executed application documents, in the form agreed by the Parties prior to the execution of this Agreement to transfer WANG Guanzhu and LUO Yan’s equity
interests in Guangzhou Hou Bo to the entity/individual designated by the Purchaser; 

  

	 	(xi)	a copy of a resolution of the board of directors of the PRC Companies and Job Network approving the execution and delivery of each Transaction Document to which it is a party; 

 

	 	(b)	cause the Directors to pass resolutions of the board of the Company, in the agreed form, to: 

  

	 	(i)	approve the registration of the Purchaser or its nominee as holders of the Shares and members of the Company; 

  

	 	(ii)	appoint such persons as the Purchaser may nominate as directors of the Company and accept the resignation of the directors, of the Company referred to in Clause 4.3(a)(vi); 

 

	 	(iii)	revoke all authorities to the bankers of the Company relating to bank accounts and to give authority to such persons as the Purchaser may nominate to operate the same; 

 

	 	(iv)	approve the execution and delivery of each Transaction Document to which it is a party; 

  

	 	(c)	deliver to the Purchaser signed minutes of meeting or resolutions referred to in Clause (b). 

  

					
		 	6	 	Share Purchase Agreement

 Purchaser’s obligations 
  

	4.4	At Closing, the Purchaser shall: 

  

	 	(a)	pay (or procure that another person, on the Purchaser’s behalf, pays) to the Seller’s Account the Share Consideration by automated transfer in immediately available funds; and 

 

	 	(b)	deliver to the Seller a copy of a resolution of the board of directors of the Purchaser (certified by a duly appointed officer as true and correct) authorising the execution of and the performance by the Purchaser of
its obligations under the Transaction Documents and each of the other documents to be executed by the Purchaser. 

 Failure by Seller or
Purchaser to complete 
  

	4.5	Without prejudice to any other remedies available to the Purchaser and Seller, if the provisions of Clauses 4.3 and 4.4 are not complied with by the respective Party in any respect on or prior to the Closing Date, the
other Party (being the Purchaser or Seller) shall not be obliged to complete the purchase of the Shares and may in its absolute discretion (in addition and without prejudice to any other right or remedy available to it) by written notice to the
other Party: 

  

	 	(a)	defer Closing by a period of not more than 7 days to such other date as it may specify in such notice (and so that the provisions of this Clause 4, other than Clause 4.1, shall apply to Closing as so deferred);

  

	 	(b)	waive all or any of the requirements contained or referred to in Clause 4.3 or Clause 4.4, as applicable, at its discretion (and without prejudice to its rights under this Agreement) and proceed to Closing so far as
practicable; or 

  

	 	(c)	terminate this Agreement without liability on its part but without prejudice to any rights accruing prior to the termination. 

  

 
  

	5	Post-Closing Undertakings 

  

	5.1	The Purchaser shall procure that, as soon as reasonably practicable after Closing and in any event within one months afterwards, the name of the Company shall be changed so as to omit the word or symbol “Jobs
DB” or any confusingly similar word, name or symbol in any language and shall stop using or displaying in any way any trade or service marks, trade or service names, registered designs or logos used or held by the Seller or any of its
affiliates. Until the name of the Company is changed in accordance with this Clause 5, the Purchaser shall procure that the Company only operates as a holding company. 

 

	5.2	The Seller shall take such steps as the Purchaser reasonably requests, at the Purchaser’s cost, to duly register with the relevant PRC government authorities the equity interest transfer agreements and related
application documents to transfer WANG Guanzhu and LUO Yan’s equity interests in Guangzhou Hou Bo to the entity/individual designated by the Purchaser. 

  

 
  

	6	Seller’s Representations and Warranties 

  

	6.1	The Seller represents and warrants to the Purchaser that each of the statements set out in this Clause 6 and in Schedule 1 (Warranties) is now and will at Closing and at all times before Closing (by reference to
the facts and circumstances existing at the relevant time) be true, accurate and not misleading. 

  

					
		 	7	 	Share Purchase Agreement

	6.2	From and after the Closing, the Seller agrees to indemnify and hold harmless the Purchaser and its directors and officers (the Indemnified Parties) from and against any and Loss arising out of or resulting
from any breach of the Warranties made by the Seller. 

  

	6.3	The Seller shall be under no liability in respect of any claim and any such claim shall be wholly barred and unenforceable unless notice of such claim (stating in reasonable detail the legal and factual bases of such
claim and, so far as practicable, an estimate of the maximum amount of the claim) shall have been served upon the Seller by the Indemnified Parties within eighteen months after the Closing Date, provided that the liability of the
Seller against which any claim specified in such notice shall have been made shall absolutely determine and cease (if such claim has not been previously satisfied, settled or withdrawn) if: 

 

	 	(a)	legal proceedings in respect of the claim shall not have been commenced against the Seller by being both properly issued and validly served on the Seller; or 

 

	 	(b)	such claim, once commenced, shall not have been progressed by the Seller with reasonable diligence, 

within six months after the date of service of such notice. 
  

	6.4	No liability shall attach to the Seller to the extent that a claim has arisen or the amount of the claim has been increased because notice was not given to Seller of the relevant facts of that claim as soon as
reasonably practicable and in any event no later than 60 days after any Indemnified Party became aware thereof. 

  

	6.5	The maximum aggregate liability of the Seller in respect of all claims under this Agreement (including all legal, accountancy and other costs and expenses) shall not exceed 40% of the Share Consideration.

  

	6.6	No liability shall attach to the Seller in respect of any claims under this Agreement unless the aggregate amount of such claims for which they would, in the absence of this provision, be liable shall exceed US$150,000
(one hundred and fifty thousand United States dollars) and in such event the liability of the Seller shall be for the entire amount. 

  

	6.7	Notwithstanding anything to the contrary in this Agreement: 

  

	 	(a)	in calculating amounts payable to the Purchaser, no amount shall be payable in respect of a Loss: (i) to the extent of any insurance proceeds actually recovered by the Purchaser, the Company, the PRC Companies or
any of their affiliates with respect to such Loss; (ii) to the extent of any reduction in the amount of taxes payable by the Purchaser, the Company, the PRC Companies or any of their affiliates as a result of the occurrence of such Loss;
(iii) to the extent of any indemnity, contribution or other similar payment recovered by the Purchaser, the Company, the PRC Companies or any of their affiliates from any third party with respect to such Loss; (iv) to the extent that
allowance, provision or reserve in respect of the matter or thing giving rise to such claim has been made in the Financial Statements or that such matter or thing has been taken into account therein; (v) to the extent the claim arises as a
result of any change in legislation, rule or regulation, order or judgment in any jurisdiction or in any accounting basis, method, policy or practice after the date of this Agreement; (vi) to the extent that such claim would not have arisen (or
the amount of the claim would not have been increased) but for an omission or a voluntary act or transaction by the Purchaser, the Company, the PRC Companies or any of their affiliates, officers, employees or agents after the date of this Agreement;

  

					
		 	8	 	Share Purchase Agreement

	 	(b)	the Purchaser shall not be entitled to bring any claim in respect of any act, transaction or omission whatsoever carried out at the written request or with the written approval of the Purchaser or its authorised agent
or representative or which is expressly authorised by this Agreement; 

  

	 	(c)	no liability shall attach to the Seller in respect of any claim to the extent that the claim is based upon a liability which is contingent only or is otherwise not capable of being quantified unless and until such
liability ceases to be contingent and becomes an actual liability or becomes capable of being quantified, as the case may be; 

  

	 	(d)	the Purchaser shall not be entitled to recover damages or obtain payment, reimbursement, restitution or indemnity more than once for the same Loss; 

 

	 	(e)	no liability shall attach to the Seller in respect of any claim if and to the extent that the breach giving rise to such claim is capable of remedy (at the costs and expenses of the Seller) except to the extent that the
relevant breach remains and has not been so remedied after the expiry of 30 days after the date of receipt by the Seller of notice from the Purchaser of such claim in reasonable detail as provided in this Clause 6; 

 

	 	(f)	the liability of the Seller shall cease and any subsisting claim shall be withdrawn in respect of the Company or a PRC Company upon that entity ceasing for any reason to be directly or indirectly owned by the Purchaser
or its affiliate; 

  

	 	(g)	no liability shall attach to the Seller in respect of any claim under this Agreement resulting from or arising out of any event, fact, matter, circumstances or omission which the Purchaser was aware of when entering
into this Agreement or had been disclosed by the Seller to the Purchaser prior to the Purchaser entering into this Agreement. 

  

	6.8	In case any action, suit, claim or proceeding is brought against an Indemnified Party in relation to which the Indemnified Party is entitled to make a claim under this Agreement, the Indemnified Party shall first enable
the Seller to defend such action, suit, claim or proceeding. If the Seller determines not to defend such action, suit, claim or proceeding, the Indemnified Party shall be entitled to hire, at the cost and expense of the Seller, counsel and
participate in the defence thereof. If the Seller participates in the defence of any claim, all Indemnified Parties shall thereafter deliver to the Seller copies of all notices and documents (including court papers) received by the Indemnified
Parties relating to the claim, and shall cooperate in the defence or prosecution of such claim. Such cooperation shall include the retention and (upon the Seller’s request) the provision to the Seller of records and information that are
reasonably relevant to such claim, and making employees available on a mutually convenient basis to provide additional information and explanation of any material provided hereunder. The Seller shall not be liable for any settlement of any action,
suit, claim or proceeding effected without its written consent; provided, however, that the Seller shall not unreasonably withhold, delay or condition its consent. Each Indemnifying Party further agrees that it will not, without the Seller’s
prior written consent (which shall not be unreasonably withheld or delayed), settle or compromise any claim or consent to entry of any judgment in respect thereof in any pending or threatened action, suit, claim or proceeding in respect of which
indemnification has been sought hereunder unless such settlement or compromise includes an unconditional release of such Indemnified Party from all liability arising out of such action, suit, claim or proceeding. 

 

	6.9	With the exception of claims based upon Fraud or wilful misconduct, the indemnification under this Clause 6 shall be the exhaustive recourse of Indemnified Parties from and after the Closing Date for Losses or other
damages for breach of the Warranties by the Seller. 

  

					
		 	9	 	Share Purchase Agreement

	6.10	Notwithstanding anything in this Agreement, none of the Parties shall, in any event, be liable or otherwise responsible to the other party for any Loss which is not directly caused by a breach of this Agreement, any
Loss that is contingent, any loss of profit, goodwill, reputation or possible business or any consequential, special or punitive damages arising out of or relating to this Agreement or the performance or breach of this agreement. 

 

	6.11	Nothing in this Agreement shall relieve the Purchaser of any common law or other duty to mitigate any Loss suffered or incurred by it. The Purchaser shall, and shall procure that the Company and the PRC Companies shall,
take all reasonable steps to avoid or mitigate any Loss which may give rise to a claim under this Agreement, provided that the Seller shall compensate the Purchaser for any such reasonable steps that are taken. 

 
  
  

	7	Purchaser’s Representations and Warranties 

  

	7.1	The Purchaser represents and warrants to the Seller that each of the following statements is now and will at Closing and at all times before Closing (by reference to the facts and circumstances existing at the relevant
time) be true, accurate and not misleading: 

  

	 	(a)	the Purchaser has full power, authority and capacity to enter into and perform each of the Transaction Documents to which it is a party and each of the Transaction Documents constitutes or will, when executed,
constitute legal, valid and binding obligations on the Purchaser enforceable in accordance with their terms, subject to any principles of equity or insolvency law. The Purchaser has all requisite corporate powers and authority to own its assets and
to conduct the business being carried on by it; 

  

	 	(b)	the Purchaser has been duly incorporated and is validly existing under the laws of its jurisdiction of incorporation. 

  

 
  

	8	Announcements and Confidentiality 

 Prior approval 

 

	8.1	No disclosure or announcement relating to the existence or subject matter of this Agreement shall be made or issued by or on behalf of the Seller or the Purchaser or any member of the Seller’s Group without the
prior written approval of the other Parties (which approval may be subject to reasonable conditions) provided that these restrictions shall not apply to any disclosure or announcement if required by any law, applicable securities exchange,
supervisory, regulatory or governmental body. 

 Consultation 
  

	8.2	The Party making the disclosure or announcement shall consult with the other Parties in advance as to the form, content and timing of the disclosure or announcement. 

Confidentiality 
  

	8.3	Each Party to this Agreement shall treat as confidential all information obtained as a result of entering into or performing the Transaction Documents which relates to: 

 

	 	(a)	the provisions of the Transaction Documents; 

  

	 	(b)	the negotiations relating to the Transaction Documents; 

  

					
		 	10	 	Share Purchase Agreement

	 	(c)	the subject matter of the Transaction Documents; or 

  

	 	(d)	the other parties to the Transaction Documents. 

  

	8.4	Clause 8.3 shall not prohibit disclosure or use of any information if and to the extent: 

  

	 	(a)	the disclosure or use is required by law, any regulatory body or any recognized stock exchange; 

  

	 	(b)	the disclosure is to the Company, but only for the purpose of implementing the matters to be undertaken at Closing; 

  

	 	(c)	the disclosure or use is required for the purpose of any judicial proceedings arising out of the Transaction Documents or any other agreement entered into under or pursuant to the Transaction Documents or the disclosure
is required to be made to a tax authority in connection with the taxation affairs of the disclosing Party; 

  

	 	(d)	the disclosure is made to current or prospective auditors, professional advisers, financier, bankers, shareholders, investors or purchaser of the Shares on terms that such auditors, professional advisers, financiers,
bankers, shareholders, investors or purchaser will comply with the provisions of Clause 8.3 in respect of such information as if they were a Party to the Transaction Documents; 

 

	 	(e)	the disclosure is made to directors, officers or employees of a Party and/or its affiliates (and their respective directors, officers or employees) on a need-to-know basis; 

 

	 	(f)	the information is or becomes publicly available (other than by breach of the Transaction Documents); 

  

	 	(g)	the Seller has given prior written approval to the Purchaser for the disclosure or use, or the Purchaser has given prior written approval to the Seller for the disclosure or use; 

 

	 	(h)	the information is independently developed, 

 provided that prior to disclosure or use of any
information pursuant to Clauses 8.4(a) or (c) and to the extent permissible by law, the Party concerned shall promptly notify the other Parties of such requirement with a view to providing the other Parties with the opportunity to contest such
disclosure or use or otherwise to agree the timing and content of such disclosure or use. 
  

	8.5	The restrictions contained in this Clause 8 shall continue to apply after Closing or termination of the Transaction Documents without limit in time. 

 
  
  

	9	Counterparts 

 This Agreement may be executed in any number of counterparts and by the
Parties on separate counterparts and each such counterpart shall constitute an original of this Agreement but all of which shall together constitute one and the same instrument. This Agreement shall not be effective until each Party has executed at
least one counterpart. 
  
  

 

	10	Variation, Waiver and Consent 

  

	10.1	No variation or waiver of any provision or condition of this Agreement shall be effective unless it is in writing and signed by or on behalf of each of the Parties (or, in the case of a waiver, by or on behalf of the
Party waiving compliance). 

  

					
		 	11	 	Share Purchase Agreement

	10.2	Unless expressly agreed, no variation or waiver of any provision or condition of this Agreement shall constitute a general variation or waiver of any provision or condition of this Agreement, nor shall it affect any
rights, obligations or liabilities under or pursuant to this Agreement which have already accrued up to the date of variation or waiver, and the rights and obligations of the Parties under or pursuant to this Agreement shall remain in full force and
effect, except and only to the extent that they are so varied or waived. 

  

	10.3	Any consent granted under this Agreement shall be effective only if given in writing and signed by the consenting Party and then only in the instance and for the purpose for which it was given. 

 
  
  

	11	Rights and Remedies 

  

	11.1	No failure or delay by a Party in exercising any right or remedy provided by law or under or pursuant to this Agreement shall impair such right or remedy or operate or be construed as a waiver or variation of it or
preclude its exercise at any subsequent time. No single or partial exercise of any right or remedy by a Party shall preclude any other or further exercise of such right or remedy or the exercise of any other right or remedy. 

 

	11.2	The rights and remedies of a Party under or pursuant to this Agreement are cumulative, may be exercised as often as the Party considers appropriate and are in addition to its rights and remedies under general law.

  

	11.3	After Closing, no Party shall be entitled to terminate this Agreement. 

  

	11.4	Each provision of this Agreement shall continue in full force and effect after Closing, except to the extent that a provision has been fully performed on or before Closing. 

 
  
  

	12	Entire Agreement 

 Subject to any terms implied by law, the Transaction Documents
together represent the whole and only agreement between the Parties in relation to the sale and purchase of the Shares and supersede any previous agreement (whether written or oral) between the Parties in relation to the subject matter of any such
document save that nothing in this Agreement shall exclude any liability for, or remedy in respect of, fraudulent misrepresentation. 
  

 
  

	13	Notices 

  

	13.1	Save as otherwise provided in this Agreement, any notice, demand or other communication (Notice) to be given by any Party under, or in connection with, this Agreement shall be in writing, in English and
signed by or on behalf of the Party giving it. Any Notice shall be served by sending it by fax to the number set out in Clause 13.2 (Notices), or delivering it by hand to the address set out in Clause 13.2 (Notices) and in each case
marked for the attention of the relevant Party set out in Clause 13.2 (Notices) (or as otherwise notified from time to time in accordance with the provisions of this Clause 13 (Notices)). Any Notice so served by fax or hand shall be
deemed to have been duly given or made as follows: 

  

	 	(a)	if sent by fax, at the time of transmission; or 

  

	 	(b)	in the case of delivery by hand, when delivered, 

  

					
		 	12	 	Share Purchase Agreement

 provided that in each case where delivery by fax or by hand occurs after 6pm on a
business day or on a day which is not a business day, service shall be deemed to occur at 9am on the next following business day. 

References to time in this Clause are to local time in the country of the addressee. 

 

	13.2	The addresses and fax numbers of the Parties for the purpose of Clause 13.1 (Notices) are as follows: 

  

	 	(a)	Seller 

 Address: 11/F, Guardian House, 32 Oi Kwan Road, Wan Chai, Hong Kong 

For the attention of: Ashley Pun 
  

	 	(b)	Purchaser 

 Address: 6/F, Fosun International Centre, 237 Chaoyang North Road, Chaoyang
District, Beijing 100020, People’s Republic of China 
 For the attention of: James Guo 

 

	13.3	A Party may notify the other Parties to this Agreement of a change to its name, relevant addressee, address or fax number for the purposes of this Clause 13 (Notices), provided that such notice shall only be
effective on: 

  

	 	(a)	the date specified in the notification as the date on which the change is to take place; or 

  

	 	(b)	if no date is specified or the date specified is less than five business days after the date on which notice is given, the date following five business days after notice of any change has been given. 

 

	13.4	In proving service it shall be sufficient to prove that the envelope containing the Notice was properly addressed and delivered to the address shown thereon or that the fax transmission was made and a fax confirmation
report was received, as the case may be. 

  
  

 

	14	Costs and Stamp Duty 

  

	14.1	Each of the Parties shall be responsible for its own legal, accountancy and other costs, charges and expenses incurred in connection with the negotiation, preparation and implementation of this Agreement and any other
Transaction Document. 

  

	14.2	The Purchaser shall be responsible for the payment of all stamp duty payable in respect of the transfer and the sale and purchase of the Shares and for any tax in relation to or arising from the transfer of equity in
Guangzhou Hou Bo contemplated in Clause 4.3(a)(x). 

  
  

 

	15	Severability 

 If any provision of this Agreement is held by a court of competent
jurisdiction to be illegal, invalid or unenforceable in any respect under the law of any jurisdiction, then such provision shall (so far as it is invalid or unenforceable) be given no effect and shall be deemed not to be included in this Agreement
but without invalidating any of the remaining provisions of this Agreement. Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.
The Parties shall then use all reasonable endeavours to replace the invalid or unenforceable provision(s) by a valid and enforceable substitute provision the effect of which is as close as possible to the intended effect of the invalid or
unenforceable provision. 

  

					
		 	13	 	Share Purchase Agreement

  
  

	16	Governing Law and Submission to Jurisdiction 

 Governing law 

 

	16.1	This Agreement (including this Clause 16) shall be governed by, and construed in accordance with, the laws of Hong Kong. 

Submission to jurisdiction 
  

	16.2	The Parties hereby irrevocably submit to the non-exclusive jurisdiction of the Hong Kong courts as regards any proceeding, claim, dispute or matter arising (or which may arise) out of or in connection with or relating
to this Agreement or any document to be executed pursuant to this Agreement. 

 IN WITNESS whereof the Parties have executed this
Agreement at the end of the Schedules on the date first above written. 

  

					
		 	14	 	Share Purchase Agreement

 Schedule 1 

Warranties 
  

 
  

	1.	The Seller has full power, authority and capacity to enter into and perform each of the Transaction Documents to which they are a party and each of the Transaction Documents constitutes or will, when executed,
constitute legal, valid and binding obligations on the Seller enforceable in accordance with their terms, subject to any principles of equity or insolvency law. The Seller has all requisite corporate powers and authority to own its assets and to
conduct the business being carried on by it. 

  

	2.	The Seller has obtained all approvals and authorisations from applicable governmental or other authorities and other consents, licences, waivers and exemptions required to empower it to enter into and to perform its
obligations under the Transaction Documents. 

  

	3.	The Seller has been duly incorporated and is validly existing under the laws of its jurisdiction of incorporation. 

  

	4.	None of the Seller Entities has stopped payment, nor is any Seller Entity insolvent or deemed unable to pay its debts. No order has been made, petition presented or meeting convened for the purpose of considering a
resolution for the winding-up of any Seller Entity or for the appointment of any provisional liquidator. No petition has been presented for an administration order to be made in relation to any Seller Entity, and no administrator or receiver
(including any administrative receiver) has been appointed in respect of the whole or any part of any of the property, assets and/or undertaking of any Seller Entity. No composition in satisfaction of the debts of any Seller Entity, or scheme of
arrangement of its affairs, or compromise or arrangement between it and its creditors and/or members (or any class of its creditors and/or members) has been proposed, sanctioned or approved. No distress, distraint, charging order, garnishee order,
execution or other process has been levied or applied for in respect of the whole or any part of any of the property, assets and/or undertaking of any Seller Entity. As at the date of this Agreement, the Seller is not aware of any circumstances
which exist which are likely to give rise to the occurrence of any events or circumstances described in the preceding sentences within two years after the date of this Agreement. In this paragraph, Seller Entities means the Seller, the
Company and the PRC Companies, provided that the Warranties in this paragraph 4 in respect of the PRC Companies are only given so far as the Seller is aware. 

  

	5.	The Company has been duly incorporated and is validly existing under the laws of Hong Kong. 

  

	6.	All of the Shares are validly allotted and issued and fully paid or properly credited as fully paid. 

  

	7.	There are in existence no rights to or options for the issue, allotment or transfer of any loan or share capital of the Company nor any rights to convert any loan or share capital into the share capital of the Company
of any nature. 

  

					
	8. 	 	(a)	  	The Company and Job Network have the power and authority to enter into and perform their obligations under the Existing Guangzhou Hou Bo Agreements to which they are a party and have taken all necessary corporate action to
authorize the execution, delivery and performance of, and has authorized, executed and delivered the Existing Guangzhou Hou Bo Agreements to which they are a party.

  

					
		 	15	 	Share Purchase Agreement

	 	(b)	Each of the Existing Guangzhou Hou Bo Agreements constitutes a valid and binding obligation of the Company and Job Network, as applicable, enforceable in accordance with its terms to the extent permitted by applicable
laws, except (i) as limited by applicable bankruptcy, insolvency, reorganization, moratorium, fraudulent conveyance, or other laws of general application relating to or affecting the enforcement of creditors’ rights generally, (ii) as
limited by laws relating to the availability of specific performance, injunctive relief, or other equitable remedies. 

  

	 	(c)	The execution and delivery by the Company and Job Network of the Existing Guangzhou Hou Bo Agreements to which they are a party, and the performance by such party of its obligations thereunder and the consummation by it
of the transactions contemplated therein shall not (i) result in any violation of, be in conflict with, or constitute a default under, with or without the passage of time or the giving of notice, any provision of its constitutional documents as
in effect at the date hereof, (ii) accelerate, or constitute an event entitling any person to accelerate, the maturity of any indebtedness or other liability of the Company or to increase the rate of interest presently in effect with respect to
any indebtedness of the Company, or (iii) result in the creation of any lien, claim, charge or encumbrance upon any of the properties or assets of the Company. 

 

	 	(d)	Each Existing Guangzhou Hou Bo Agreement is in full force and effect and the Company and Job Network and, so far as the Seller is aware, no other party to the Existing Guangzhou Hou Bo Agreements is in breach or default
in the performance or observance of any of the terms or provisions of such Existing Guangzhou Hou Bo Agreements. The Company and Job Network have not and, so far as the Seller is aware, none of the other parties to the Existing Guangzhou Hou Bo
Agreements has sent or received any communication regarding termination of any Existing Guangzhou Hou Bo Agreements, and so far as the Seller is aware no such termination has been threatened by any of the parties thereto. 

 

	9.	Immediately prior to the Closing, the Company has a share capital of HK$10,000.00 with 10,000 issued ordinary shares. Except for this Agreement, there are no options, warrants, conversion privileges, agreements or
rights of any kind with respect to the issuance or purchase of the Shares. No Shares are subject to any pre-emptive rights, rights of first refusal or other rights of any kind to purchase such Shares (whether in favour of the Company or any other
person). 

  

	10.	Other than the PRC Companies, the Company does not presently own or control, directly or indirectly, any interest in any other corporation, partnership, trust, joint venture, association, or other entity.

  

	11.	So far as the Seller is aware, the Company and each PRC Company possesses all requisite approvals, permits and licenses for the conduct of the business of such companies as currently conducted and proposed to be
conducted and for the ownership and operation of each of their assets and property. 

  

	12.	The Company and the PRC Companies have duly executed each Transaction Document to which they are a party and have taken all corporate action necessary for the authorisation, execution and delivery of, and the
performance of the obligations under each of the Transaction Documents to which it is a party. 

  

					
		 	16	 	Share Purchase Agreement

	13.	The Seller has made available to the Purchaser the management accounts and any notes thereto (the Financial Statements) for each PRC Company for the respective periods from 1 January 2011 to
31 December 2013 (the Financial Statements Date). The Financial Statements: (a) were prepared in accordance with the books and records of the PRC Companies in all material respects; (b) were properly prepared in
accordance with the PRC generally accepted accounting principles and the accounting policies of the PRC Company and in a manner consistent with that adopted in the preparation of its management accounts for all periods ended during the twelve months
prior to the Financial Statements Date; and (c) so far as the Seller is aware, they are true, correct and complete, and fairly reflect the financial position and financial performance of the relevant PRC Company at the relevant Financial
Statements Date, are not misleading in any material respect and neither materially overstate the value of the assets nor materially understate the liabilities of the relevant PRC Company and do not materially overstate the profits of the relevant
PRC Company in respect of the period(s) to which they relate. 

  

	14.	Except as reflected in the Financial Statements, so far as the Seller is aware and excluding loans made to LUO Yan and WANG Guanzhu by the Company, none of the Company or the PRC Companies has any indebtedness for
borrowed money that it has directly or indirectly created, incurred, assumed, or guaranteed, or with respect to which the Company or PRC Companies has otherwise become directly or indirectly liable other than indebtedness incurred in the ordinary
course of business. 

  

	15.	So far as the Seller is aware, the Company and each PRC Company has good and marketable title to the real property and assets it owns, in each case subject to no mortgage, pledge, lien, encumbrance, security interest or
charge of any kind. So far as the Seller is aware, with respect to real property and assets it leases, the Company and each PRC Company is in compliance with such leases and such Company or PRC Company holds valid leasehold interests in such assets
free of any liens, encumbrances, security interests or claims of any party other than the lessors of such property and assets. 

  

	16.	So far as the Seller is aware, the Company and each PRC Company (i) has independently developed and owns free and clear of all claims, security interests, liens or other encumbrances, or (ii) has a valid right
or license to use, all Proprietary Assets (as defined below), including without limitation all Registered Intellectual Property (as defined below), necessary and appropriate for the business of the Company and the PRC Companies and without any
conflict with or infringement of the rights of others. For purpose of this Agreement, (i) Proprietary Assets shall mean all patents, patent applications, trademarks, service marks, trade names, domain names, copyrights, copyright
registrations and applications and all other rights corresponding thereto, inventions, databases and all rights therein, all computer software including all source code, object code, firmware, development tools, files, records and data, including
all media on which any of the foregoing is stored, formulas, designs, business methods, trade secrets, confidential and proprietary information, proprietary rights, know-how and processes, and all documentation related to any of the foregoing; and
(ii) Registered Intellectual Property means all Proprietary Assets of the Company or any PRC Company, wherever located, that are the subject of an application, certificate, filing, registration or other document issued by, filed
with or recorded by any government authority. 

  

					
		 	17	 	Share Purchase Agreement

	17.	So far as the Seller is aware, (i) a complete list of Proprietary Assets has been provided to the Purchaser, including all Registered Intellectual Property, of the Company and each PRC Company, (ii) there are
no outstanding options, licenses, agreements or rights of any kind granted by the Company or any PRC Company or any other party relating to any of the Company’s or any PRC Company’s, nor is the Company or any PRC Company bound by or a
party to any options, licenses, agreements or rights of any kind with respect to the Proprietary Assets of any other person or entity, (iii) neither the Company nor any PRC Company has received any written communications alleging that it has
violated or, by conducting its business as proposed, would violate any Proprietary Assets of any other person or entity, nor, to the best knowledge of the Seller, is there any reasonable basis therefor, (iv) at the date of this Agreement, none
of the Company or the PRC Companies use any inventions of any of the Company’s or any PRC Company’s employees (or people the Company or any PRC Company currently intends to hire) made prior to or outside the scope of their employment by
the Company or any PRC Company, and (v) no government funding, facilities of any educational institution or research centre, or funding from third parties has been used in the development of any Proprietary Assets of the Company or any PRC
Company. 

  

	18.	All of the PRC Companies’ resume and customer databases and any passwords or other items necessary to manage the same are held by the PRC Companies. 

 

	19.	Neither the Company nor any of the PRC Companies are currently involved in any court or arbitration proceedings (other than those disclosed to the Purchaser prior to entering into this Agreement) and, so far as the
Seller is aware, there are no actions, suits, proceedings, claims, arbitrations or investigations against the Company or PRC Companies pending or currently threatened in writing against the Company or any of the PRC Companies (other than those
disclosed to the Purchaser in writing prior to entering into this Agreement).  

  

	20.	So far as the Seller is aware, none of the PRC Companies is or has been in violation of any material applicable statute, rule, regulation, order or restriction of any domestic or foreign government or any
instrumentality or agency thereof in respect of the conduct of its business or the ownership of its properties. 

  

	21.	So far as the Seller is aware, neither the Company nor any of the PRC Companies is or has been in, nor shall the conduct of its business as currently or proposed to be conducted result in, violation, breach or default
of any term of any of the constitutional documents of the respective Company or PRC Company, or in any material respect of any term or provision of any contract to which such Company or PRC Company is a party, or of any provision of any judgment,
decree, order, statute, rule or regulation applicable to or binding upon the Company or PRC Company. So far as the Seller is aware, none of the activities, agreements, commitments or rights of any Company or PRC Company is ultra vires or invalid, or
unauthorized. 

  

	22.	So far as the Seller is aware, since the Financial Statements Date, with respect to the Company and each PRC Company, there has not been: 

 

	 	(a)	any material change in the assets, liabilities, financial condition or operating results of the Company or the PRC Company from that reflected in the Financial Statements, except changes in the ordinary course of
business; 

  

	 	(b)	any material change in the contingent obligations of Company or the PRC Company by way of guarantee, endorsement, indemnity, warranty or otherwise; 

 

	 	(c)	any material damage, destruction or loss, whether or not covered by insurance, materially and adversely affecting the assets, properties, financial condition, operating results, prospects or business of the Company or
PRC Company; 

  

	 	(d)	any waiver by the Company or PRC Company of a valuable and material right or of a material debt other than in the ordinary course of business; 

 

	 	(e)	any satisfaction or discharge of any material lien, claim or encumbrance or payment of any obligation by the Company or PRC Company; 

 

	 	(f)	any material change or amendment to a material contract or arrangement by which the Company or PRC Company or any of its assets or properties is bound or subject, except for changes or amendments which are expressly
provided for or disclosed in this Agreement and except for such changes or amendments made in the ordinary course of business; 

  

					
		 	18	 	Share Purchase Agreement

	 	(g)	any sale, assignment or transfer of any material Proprietary Assets or other material intangible assets of the Company or PRC Company other than in the ordinary course of business; 

 

	 	(h)	any mortgage, pledge, transfer of a security interest in, or lien created by the Company or PRC Company, with respect to any of the Company or PRC Company’s properties or assets, except liens for taxes not yet due
or payable or in the ordinary course of business; 

  

	 	(i)	any debt, obligation, or liability incurred, assumed or guaranteed by the Company or PRC Company other than in the ordinary course of business in excess of US$100,000 in the aggregate; 

 

	 	(j)	any declaration, setting aside or payment or other distribution in respect of any of the share capital of the Company or PRC Company, or any direct or indirect redemption, purchase or other acquisition of any of such
share capital by the Company or PRC Company; or 

  

	 	(k)	any agreement or commitment by the Company or PRC Company or the Seller to do any of the things described in this section. 

  

	23.	Other than those disclosed to the Purchaser prior to entering into this Agreement, so far as the Seller is aware, there have been no examinations or audits of any tax returns or reports by any applicable governmental
agency and the Company and each PRC Company has duly filed all tax returns required to have been filed by it and paid all taxes shown to be due on such returns. So far as the Seller is aware, since the Financial Statements Date, none of the Company
or the PRC Companies have incurred any taxes, assessments or governmental charges other than in the ordinary course of business and the Company and each PRC Company has made adequate provisions on its books of account for all taxes, assessments and
governmental charges with respect to its business, properties and operations for such period. The Seller shall, if required under applicable laws and regulations of the People’s Republic of China (excluding Hong Kong) (“PRC”)
pay any tax levied by a taxation authority in the PRC levied against the Seller in relation to the sale of the Shares under this Agreement. 

  

	24.	So far as the Seller is aware, none of the Seller, its officers and directors or its affiliates has any agreement (whether oral or written) with, or is indebted to, the Company or any PRC Company, nor is the Company or
any PRC Company indebted (or committed to make loans or extend or guarantee credit) to any of such persons (other than for accrued salaries, reimbursable expenses or other standard employee benefits). 

 

	25.	So far as the Seller is aware, none of the Company or PRC Companies is in violation of any applicable statute, law, or regulation relating to the environment or occupational health and safety and no material
expenditures are or will be required in order to comply with any such existing statute, law or regulation. 

  

	26.	Other than those disclosed to the Purchaser prior to entering into this Agreement, so far as the Seller is aware, the Company and the PRC Companies have complied in all material aspects with all employment contracts to
which they are a party and all applicable employment and labor laws. So far as the Seller is aware, the Company and PRC Companies are not party to or bound by any currently effective incentive plan, profit sharing plan, retirement agreement or other
employee compensation agreement. 

  

	27.	The minute books of the Company and each PRC Company have been made available to the Purchaser and, so far as the Seller is aware, there are no material omissions from such minute books. 

 

	28.	So far as the Seller is aware, information provided to the Purchaser in relation to the transaction contemplated by this Agreement was, when given, materially true and did not make any material omissions. So far as the
Seller is aware, it has (i) not intentionally withheld any information which would reasonably be considered to be material to a reasonable purchaser, (ii) fully provided the Purchaser with all the information that the Purchaser has
requested and (iii) not knowingly withheld from the Purchaser any information requested by the Purchaser. 

  

					
		 	19	 	Share Purchase Agreement

 Execution 
  

 
 Executed as an agreement. 

 

					
	Signed for and on behalf of	  	)	  	
	Zhaopin Limited	  	)	  	
	by its duly authorised representative	  	)	  	
	in the presence of:	  	)	  	
			
	 /s/ Lior Harel
	  		  	 /s/ Jason Lenga

	Signature of witness	  		  	Signature of authorised representative
			
	 Lior Harel
	  		  	 Jason Lenga

	Name of witness (please print)	  		  	Name of authorised representative
		  		  	(please print)

  

					
	Signed for and on behalf of	  	)	  	
	Jobs DB Inc.	  	)	  	
	by its duly authorised representative	  	)	  	
	in the presence of:	  	)	  	
			
	 /s/ Derek Miller
	  		  	 /s/ Ronnie Fink

	Signature of witness	  		  	Signature of director
			
	 Derek Miller
	  		  	 Ronnie Fink

	Name of witness (please print)	  		  	Name of director
		  		  	(please print)

  

					
		 	20	 	Share Purchase Agreement

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