Document:

Exhibit 10.22

 

	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

 

EQUITY PLEDGE AGREEMENT

 

THIS EQUITY PLEDGE AGREEMENT (the “Agreement”)
is entered into by and between the following parties on this 1st day of April, 2021 in Shanghai, the People’s Republic of China
(hereinafter referred to as the “PRC”, and, for the purpose of this Agreement, excluding Hong Kong SAR, Macau SAR and
Taiwan):

 

Party A: Shanghai Santeng Technology Co., Ltd.
(the “Pledgee”)

Legal representative: LU Qiaoling

Registered address: Room JT19736, Building No.4,
Zone B, No.925 Yecheng Road, Jiading Industrial Zone, Shanghai

 

Party B: LU Qiaoling (the “Pledgor”)

Identification No.: 370206198001304022

 

Party C: Zhenyi Information Technology (Shanghai)
Co., Ltd. (the “Domestic Company”)

Legal representative: LU Qiaoling

Registered address: Room 239, Building K, No.68
Dongheyan, Chengqiao Town, Chongming District, Shanghai (Chengqiao Economic Development Zone, Shanghai)

 

In this Agreement, the Pledgee, the Pledgor and
the Domestic Company are hereinafter collectively referred to as the “Parties” and individually a “Party”.

 

WHEREAS:

 

	1.	The Pledgor is a natural person of the PRC nationality and owns 81.5% of the equity interest in the Domestic
Company as of the execution date hereof, representing RMB16,300,000 of the Domestic Company’s registered capital. The Domestic Company
is a limited liability company duly registered and legally existing in the PRC. The Domestic Company intends to hereby confirm the rights
and obligations of the Pledgor and Pledgee hereunder and offers necessary assistance in the registration of such Pledge.

 

	2.	The Pledgee is a wholly foreign-owned enterprise registered in the PRC. The Pledgee has entered into the
Exclusive Business Cooperation Agreement (as defined below) with the Domestic Company; the Pledgee, the Pledgor and the Domestic Company
have executed the Exclusive Option Agreement (as defined below); the Pledgee and the Pledgor have signed the Loan Contract (as defined
below); and the Pledgor has signed the Power of Attorney (as defined below) authorizing the Pledgee.

 

	3.	In order to ensure that the Domestic Company and the Pledgor duly perform their respective obligations
under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Contract and the Power of Attorney, the Pledgor
pledges to the Pledgee all the equity interests he owns in the Domestic Company as security for the performance of his obligations under
the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Contract and the Power of Attorney.

 

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For performance of the terms of the Transaction
Documents (as defined below), upon negotiations, the Parties have agreed to enter into this Agreement in accordance with the following
terms:

 

Article 1 Definitions

 

Unless otherwise specified in this Agreement,
the terms below shall have the following meanings:

 

	1.1	“Pledge” means the security interest granted by the Pledgor to the Pledgee pursuant
to Article 2 of this Agreement, being the right of the Pledgee to be compensated on a preferential basis with the equity interest pledged
by the Pledgor to the Pledgee or any proceeds received from the conversion, auction or sale of such pledged equity interest;

 

	1.2	“Pledged Equity” means the 81.5% of the equity interest in the Domestic Company owned
by the Pledgor now or in the future, representing RMB 16.3 million of the Domestic Company’s registered capital, and all the equity
interests held by the Pledgor in the Domestic Company in the Company.

 

	1.3	“Pledge Term” means the period set forth in Article 3 hereof.

 

	1.4	“Transaction Documents” means the Exclusive Business Cooperation Agreement executed
by and between the Domestic Company and the Pledgee on April 1, 2021 (the “Exclusive Business Cooperation Agreement”),
the Loan Contract dated April 1, 2021 between the Pledgor and the Pledgee (the “Loan Contract”), the Exclusive Purchase
Option Agreement executed by and among the Domestic Company, the Pledgor and the Pledgee on April 1, 2021 (the “Exclusive Option
Agreement”), the Power of Attorney signed by the Pledgor on April 1, 2021 (the “Power of Attorney”), and
any supplement amendment and/or restatement of the foregoing.

 

	1.5	“Contractual Obligations” means all the obligations of the Pledgor under the Exclusive
Option Agreement, the Loan Contract, the Power of Attorney and this Agreement, and all the obligations of the Domestic Company under the
Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement.

 

	1.6	“Secured Debts” means all direct, indirect and derivative losses and losses of anticipated
profits suffered by the Pledgee as a result of any Default Event of the Pledgor and/or the Domestic Company. The basis for the amount
of such losses includes without limitation reasonable business plans and profit forecasts of the Pledgee, the service fees that the Domestic
Company is obliged to pay under the Exclusive Business Cooperation Agreement, the amount of loan that the Pledgor is obliged to repay
under the Loan Contract, as well as all the expenses incurred by the Pledgee in connection with its enforcement for the performance of
the Contractual Obligations against the Pledgor and/or the Domestic Company.

 

	1.7	“Default Event” means any of the circumstances set forth in Article 7 hereof.

 

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	1.8	“Default Notice” means the notice to be issued by the Pledgee in accordance with this
Agreement declaring a Default Event.

 

Article 2 Pledge

 

	2.1	The Pledgor hereby agrees to pledge to the Pledgor the Pledged Equity on terms of this Agreement as security
for his performance of the Contractual Obligations and repayment of the Secured Debts. The Domestic Company hereby agree that the Pledgor
may pledge the Pledged Equity to the Pledgee in accordance with the terms of this Agreement.

 

	2.2	During the Pledge Term, the Pledgee shall be entitled to receive bonus or dividend generated by the Pledged
Equity. The Pledgor may not receive any dividend or bonus without the prior written consent of the Pledgee. After deduction of the individual
income tax to be paid by the Pledgor, the dividend or bonus received by the Pledgor for the Pledged Equity shall, at the request of the
Pledgee, (i) be deposited in the bank account designated by the Pledgee, being supervised and administrated by the Pledgee, and shall
be used to secure the Contractual Obligations and repay the Secured Debts first; or (ii) be unconditionally donated to the Pledgee or
its designated person to the extent permitted by the PRC laws.

 

	2.3	Without the Pledgee’s prior written consent, the Pledgor shall not increase the registered capital
of the Domestic Company. Any additional contribution amount of the Pledgor to the registered capital of the Domestic Company arising from
the Pledgor’s increase of the capital shall also be deemed as the Pledged Equity.

 

	2.4	In the event that the Domestic Company is required to be dissolved or liquidated in accordance with the
mandatory provisions of the PRC laws, any proceeds lawfully distributed to the Pledgor after completion of such dissolution or liquidation
of the Domestic Company shall, at the request of the Pledgee, (i) be deposited in the bank account designated by the Pledgee, being supervised
and administrated by the Pledgee, and shall be used to secure the Contractual Obligations and repay the Secured Debts first; or (ii) be
unconditionally donated to the Pledgee or its designated person to the extent permitted by the PRC laws.

 

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Article 3 Pledge Term

 

	3.1	The Pledge shall take effect as of the date on which the pledge of the Pledged Equity hereunder has been
registered with the competent industrial and commercial authority and shall remain valid until all the Contractual Obligations have been
fulfilled and all the Secured Debts have been paid. The Pledgor and the Domestic Company shall: (i) record the Pledge hereunder in the
register of shareholders of the Domestic Company within three (3) business days from the execution of this Agreement; and (ii) submit
an application to the competent industrial and commercial authority for the registration of the Pledge hereunder within thirty (30) business
days from the execution of this Agreement. The Parties acknowledge that, for the purpose of registering the equity pledge contemplated
hereunder with competent industrial and commercial authority, the Parties and other shareholders of the Domestic Company shall submit
to the competent industrial and commercial authority this Agreement or an equity pledge contract executed in the form as required by the
administration for industry and commerce at the place of the Domestic Company, and reflecting true information about the Pledge hereunder
(the “Contract for Registration”), and matters not specified in the Contract for Registration shall be subject to terms
of this Agreement. The Pledgor and the Domestic Company shall submit all necessary documents and complete all necessary procedures in
accordance with the PRC laws and regulations and all requirements of relevant industrial and commercial authority to assure that the Pledge
can be registered as soon as possible after submission of the registration application.

 

	3.2	During the Pledge Term, the Pledgee shall have the right, but not the obligation, to exercise the Pledge
in accordance with the provisions of this Agreement if the Pledgor and/or the Domestic Company fails to perform the Contractual Obligations
or pay the Secured Debts.

 

Article 4 Safekeeping of Documents

 

	4.1	During the Pledge Term set forth in this Agreement, the Pledgor shall, within one (1) week from the execution
date hereof, deliver his Certificate of Capital Contribution to the Domestic Company and the register of shareholders recording the Pledge
to the Pledgee for safekeeping. The Pledgee will keep such documents during the entire Pledge Term under this Agreement.

 

Article 5 Representations and Warranties

 

	5.1	The Pledgor and the Domestic Company hereby jointly and severally makes the following representations
and warranties to the Pledgee as of the execution date of this Agreement:

 

		5.1.1	the Pledgor is the sole lawful owner of the Pledged Equity;

 

		5.1.2	the Pledgee has the right to dispose of and transfer the Pledged Equity in the manner specified in this
Agreement;

 

		5.1.3	other than the Pledge, the Pledgor has not created any other pledge right or security interest on the
Pledged Equity;

 

		5.1.4	the Pledgor and the Domestic Company have obtained the consents and approvals (if necessary) from governmental
authorities and third parties to execute, deliver and perform this Agreement; and

 

		5.1.5	none pf the execution, delivery and performance of this Agreement will: (i) result in a violation of any
relevant PRC laws; (ii) be in conflict with the articles of association or other organizational documents of the Domestic Company; (iii)
result in a breach of, or constitute a default under, any contract or document to which any of them is a party or by which he/it may be
bound; (iv) result in a violation of any condition in connection with the grant and/or survival of any licenses or approvals issued to
any of them; or (v) result in the suspension or revocation of, or imposition of additional conditions to, any licenses or approvals issued
to any of them;

 

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Article 6 Undertakings

 

	6.1	During the term of this Agreement, the Pledgor and the Domestic Company jointly and severally undertake
to the Pledgee that:

 

		6.1.1	except for the purpose of performing the Transaction Documents, without the Pledgee’s prior written
consent, the Pledgor shall not transfer all or any part of the Pledged Equity, nor create or permit the existence of any security interest
or other encumbrance on the Pledged Equity;

 

		6.1.2	the Pledgor and the Domestic Company will comply with and implement all the provisions of laws and regulations
in connection with pledge of rights, and shall, within five (5) days upon receipt of any notice, order or advice given or made by relevant
regulatory authority in respect of the Pledge, present such notice, order or advice to the Pledgee, and shall either comply with the same,
or submit any objection or statement in respect of such matter upon the Pledgee’s reasonable request or with the Pledgee’s
consent;

 

		6.1.3	the Pledgor and the Domestic Company shall timely notify the Pledgee of any event or received notice which
may result in any impact on the right to all or any part of the Pledged Equity, as well as any event or received notice which may change
any warranties or obligations of the Pledgor hereunder or may affect the Pledgor’s performance of his obligations hereunder; and

 

		6.1.4	the Domestic Company shall, within three (3) months prior to the expiration of its business term, complete
the registration procedure for extension of its business term to enable this Agreement to continue to be valid.

 

	6.2	The Pledgor agrees that the Pledgee’s right to the Pledge obtained on terms of this Agreement shall
not be suspended or impaired by any legal proceeding initiated by the Pledgor, any successor of the Pledgor, any person entrusting the
Pledgor, or any other person.

 

	6.3	The Pledgor warrants to the Pledgee that, in order to protect and perfect the security for the performance
of the Contractual Obligations and payment of Secured Debts hereunder, the Pledgor will execute in good faith and cause other parties
who have interests in the Pledge to execute, all such title certificates and contracts, and/or take and cause such other interested parties
to take, all such actions, as may be required by the Pledgee, facilitate the exercise of the rights and authority granted to the Pledgee
hereunder, enter into all documents regarding the ownership of the Pledged Equity with the Pledgee or its designated person (natural or
legal person), and provide the Pledgee with all the notices, orders and decisions in relation to the Pledge which it deems necessary.

 

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	6.4	The Pledgor warrants to the Pledgee that the Pledgor will comply with and perform all the warranties,
undertakings, agreements, representations and conditions hereunder. If the Pledgor fails to perform or fully perform his warranties, undertakings,
agreements, representations and conditions, the Pledgor shall indemnify the Pledgee against all the losses which may arise from such failure.

 

Article 7 Default Event

 

	7.1	Each of the following events shall be deemed as a Default Event:

 

		7.1.1	the Pledgor breaches any of his obligations under the Transaction Documents and/or this Agreement; or

 

		7.1.2	the Domestic Company breaches any of its obligations under the Transaction Documents and/or this Agreement.

 

	7.2	The Pledgor and the Domestic Company shall immediately notify the Pledgee in writing upon awareness or
discovery of the occurrence of any circumstances referred in above Article 7.1 or any event that may lead to any such circumstances.

 

	7.3	Unless a Default Event under Article 7.1 is remedied at the request of the Pledgee within twenty (20)
days after the Pledgee’s delivery of a notice to the Pledgor and/or the Domestic Company requesting a remedy thereof, the Pledgee
may at any time thereafter send a notice of default to the Pledgor in writing to request the exercise of the Pledge in accordance with
Article 8.

 

Article 8 Exercise of the Pledge

 

	8.1	The Pledgee shall issue a written notice of default to the Pledgor at the time of exercising the Pledge.

 

	8.2	Subject to Article 7.3 hereof, the Pledgor may exercise the Pledge at any time after delivery of the notice
of default as set forth in Article 8.1. When the Pledge decides to exercise the Pledge, the Pledgor shall no longer have any rights or
interests in respect of the Pledged Equity.

 

	8.3	After the delivery of the default notice as set forth in Article 8.1, the Pledgee shall have the right
to exercise all the remedies for breach of agreement to which it may be entitled under the PRC laws, the Transaction Documents and this
Agreement, including but not limited to being compensated on a preferential basis with the proceeds from the conversion, auction or sale
of the Pledged Equity. The Pledgee shall not be liable for any losses arising from its reasonable exercise of such rights and powers

 

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	8.4	The proceeds from the Pledgee’s exercise of the Pledge shall be first used to pay the taxes and
expenses which become payable as a result of the disposition of the Pledged Equity, to perform the Contractual Obligations to the Pledgee,
and to repay the Secured Debts. If there is any remaining amount after payment of the foresaid sums, the Pledgee shall return such remaining
amount to the Pledgor or any other person who is entitled to such remaining amount under applicable laws and regulations, or deposit the
same with the notary public at the place where the Pledgor is located, and the Pledgor shall be solely liable for any costs and expenses
that may arise therefrom. To the extent permitted by the PRC laws, the Pledgor shall unconditionally donate such remaining sum to the
Pledgee or its designated person.

 

	8.5	The Pledgee shall have the right to select to exercise, either simultaneously or successively, any remedies
for breach of agreement available to it. The Pledgee shall not be required to exercise other remedies before it exercises its right to
get compensated on a preferential basis with the proceeds from the conversion, auction or sale of the Pledged Equity.

 

	8.6	The Pledgee has the right to designate its lawyer or other agent in writing to exercise the Pledge on
its behalf, and neither the Pledgor nor the Domestic Company may raise any objection thereto.

 

	8.7	When the Pledgee exercise the Pledge in accordance with this Agreement, the Pledgor and the Domestic Company
shall offer necessary assistance to enable the Pledgee to realize its right to the Pledge.

 

	8.8	The Pledgor shall be solely liable for any costs and expenses that may arise from the Pledgee’s
exercise of the Pledge (including an exercise by its designated lawyer or other agent).

 

Article 9 Liability for Breach of Agreement

 

	9.1	If the Pledgor or the Domestic Company commits a material breach of any terms hereunder, the Pledgee shall
have the right to terminate this Agreement and/or request the Pledgor or the Domestic Company to make compensation for the damages, and
this Article 9 shall not prejudice or impair any other rights of the Pledgee under this Agreement.

 

	9.2	Unless otherwise specified by laws, the Pledgor and the Domestic Company shall in no event have the right
to terminate or rescind this Agreement.

 

Article 10 Assignment

 

	10.1	Without the prior written consent of the Pledgee, neither the Pledgor nor the Domestic Company may donate
or transfer any of their respective rights and obligations under this Agreement.

 

	10.2	This Agreement shall be binding upon the Pledgor and his successors and permitted assignees, and shall
be effective on the Pledgor and each of his successors and permitted assignees.

 

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	10.3	The Pledgee may at any time transfer all or any of its rights and obligations in the Transaction Documents
and this Agreement to its designated person(s), in which case, the assignee(s) shall have the rights and obligations which the Pledgee
have under the Transaction Documents and this Agreement, as if such assignee(s) was an original party hereto.

 

	10.4	After a change of Pledgee as a result of a transfer or assignment, at the Pledgee’s request, the
Pledgor and/or the Domestic Company shall enter into a new equity pledge agreement with the new pledgee on the same terms and conditions
of this Agreement, and shall register such change with competent industrial and commercial authority.

 

	10.5	The Pledgor and the Domestic Company shall strictly comply with the provisions of this Agreement and other
relevant agreements individually or jointly signed by the Parties, including the Transaction Documents, perform their obligations under
the Transaction Documents, and shall refrain from any action/inaction that is sufficient to affect the validity and enforceability hereof
and thereof. Unless instructed by the Pledgee in writing, the Pledgor shall not exercise any of his remaining rights with respect to the
Pledged Equity.

 

Article 11 Termination

 

	11.1	After full and complete performance of all the Contractual Obligations and full repayment of all the Secured
Debts by the Pledgor and the Domestic Company, the Pledgee shall, at the request of the Pledgor, release the pledge of the Pledged Equity
under this Agreement as soon as reasonably practicable and cooperate with the Pledgor to deregister the equity pledge recorded in the
register of shareholders of the Domestic Company and to deregister the pledge with the competent industrial and commercial authority.

 

	11.2	The provisions of Article 9, 13 and 14 and this Article 11.2 shall survive the termination of this Agreement.

 

Article 12 Handling Charges and Other Expenses

 

	12.1	Unless otherwise specified in this Agreement, all costs and expenses actually incurred in connection with
this Agreement, including without limitation the legal fees, cost of production, stamp duty and any other taxes and expenses, shall be
solely borne by the Domestic Company.

 

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Article 13 Confidentiality Obligations

 

	13.1	The Parties acknowledge and confirm that this Agreement, its contents and any oral or written information
exchanged among the Parties in connection with the preparation and performance of this Agreement shall be deemed as confidential information.
The Parties shall maintain the confidentiality of all such confidential information, and shall not disclose any confidential information
to any third party without the written consent of the other Party or Parties, except for the information which: (a) is or becomes known
to the public (without unauthorized disclosure by the receiving Party); (b) is required to be disclosed under applicable laws or regulations,
stock trading rules or orders of governmental authorities or courts; or (c) is required to be disclosed by a Party to its shareholders,
directors, employees, legal or financial advisors for the transactions contemplated hereunder, provided that such shareholders, directors,
employees and legal or financial advisors shall be subject to the confidentiality obligations similar to those set forth in this Article.
Any disclosure of confidential information by a shareholder, director, employee or engaged agency of a Party shall be deemed as a disclosure
of such confidential information by such Party, who shall be liable for breach of contract in accordance with this Agreement.

 

Article 14 Governing Law and Dispute Resolution

 

	14.1	The conclusion, effectiveness, interpretation, performance, amendment and termination of this Agreement
and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

	14.2	In the event of any dispute arising from the
performance of this Agreement or in connection with this Agreement, any Party may submit the dispute to Shanghai International Economic
and Trade Arbitration Commission for arbitration in Shanghai in accordance with its arbitration procedures and rules then in effect. The
arbitration tribunal shall consist of three arbitrators who shall be appointed in accordance with the arbitration rules. The claimant
and the respondent shall respectively appoint one arbitrator, and the third arbitrator shall be appointed by the first two arbitrators
through negotiations. The arbitration proceedings shall be conducted in Chinese in a confidential manner. The arbitration award shall
be final and binding upon the parties thereto. In appropriate circumstances, the arbitration tribunal or arbitrators may award remedial
measures in relation to the equities or assets of the Domestic Company or the Pledgor’s assets in accordance with the dispute resolution
clause and/or applicable PRC laws, including restriction on conduct of business, restriction or prohibition of transfer or sale of equities
or assets, or proposal for the winding-up of the Domestic Company. In addition, in the course of forming the tribunal, the Pledgee shall
have the right to file an application to any court with competent jurisdiction (including courts in the PRC, Hong Kong and Cayman Islands)
for grant of temporary reliefs. 

 

	14.3	During the arbitration proceeding, the Parties shall continue to own their respective rights hereunder
and perform their respective obligations hereunder, other than those which are under dispute and subject to arbitration.

 

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Article 15 Notices

 

	15.1	All notices and other communications required or given under this Agreement shall be delivered or sent
to the receiving Party by way of personal delivery, registered mail (postage prepaid), commercial courier service or facsimile. Each notice
shall also be served by email. The dates on which such notices shall be deemed to have been effectively given shall be determined as follows:

 

		15.1.1	Notices given by personal delivery (including express mail service) shall be deemed effectively given
on the day when an acknowledgement of receipt thereof is signed;

 

		15.1.2	Notices given by registered mail (postage prepaid) shall be deemed effectively given on the 15th
day after the date of the return receipt thereof;

 

		15.1.3	Notices given by way of facsimile shall be deemed effectively given on the date of transmission as shown
on the facsimile, provided that, if such facsimile is given after 5 p.m. or on a non-business day at the place of receipt, it shall be
deemed given on the business day immediately following the transmission date shown on such facsimile.

 

Article 16 Severability

 

	16.1	In the event that one or more provisions of this Agreement are held to be invalid, illegal or unenforceable
in any aspect under any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall
not be affected or impaired thereby in any aspect. The Parties shall, through negotiations in good faith, strive to replace such invalid,
illegal or unenforceable provisions with the provisions which are valid to the greatest extent permitted by laws and desired by the Parties,
and the economic effect of such valid provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

Article 17 Miscellaneous

 

	17.1	This Agreement shall come into effect upon signature by the Parties. Any modification, supplement or amendment
to this Agreement must be made in writing and shall not become effective until it is signed by the Parties.

 

	17.2	This Agreement shall be executed in four counterparts, with each Party holding one counterpart hereof,
and the remaining counterparts shall be used for the registration of the Pledge. Each counterpart of this Agreement shall have the same
legal effect.

 

(The
Remainder of this Page is Intentionally Left Blank)

 

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(Signature
Page of the Equity Pledge Agreement)

 

Party A: 

Shanghai Santeng Technology Co., Ltd. (official
seal)

 

	By:	LU Qiaoling

Its Legal or Authorized Representative

 

Signed on this 1st day of April, 2021

 

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(Signature
Page of the Equity Pledge Agreement)

 

Party B: 

LU Qiaoling

 

Signature: LU Qiaoling

 

Signed on this 1st day of April, 2021

 

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(Signature
Page of the Equity Pledge Agreement)

 

Party C: 

Zhenyi Information Technology (Shanghai) Co.,
Ltd. (official seal)

 

	By:	LU Qiaoling

Its Legal or Authorized Representative

 

Signed on this 1st day of April, 2021

 

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EQUITY PLEDGE AGREEMENT

 

THIS EQUITY PLEDGE AGREEMENT (the “Agreement”)
is entered into by and between the following parties on this 1st day of April, 2021 in Shanghai, the People’s Republic of China
(hereinafter referred to as the “PRC”, and, for the purpose of this Agreement, excluding Hong Kong SAR, Macau SAR and
Taiwan):

 

Party A: Shanghai Santeng Technology Co., Ltd.
(the “Pledgee”)

Legal representative: LU Qiaoling

Registered address: Room JT19736, Building No.4,
Zone B, No.925 Yecheng Road, Jiading Industrial Zone, Shanghai

 

Party B: GUO Yiheng (the “Pledgor”)

Identification No.: 320502198307020534

 

Party C: Zhenyi Information Technology (Shanghai)
Co., Ltd. (the “Domestic Company”)

Legal representative: LU Qiaoling

Registered address: Room 239, Building K, No.68
Dongheyan, Chengqiao Town, Chongming District, Shanghai (Chengqiao Economic Development Zone, Shanghai)

 

In this Agreement, the Pledgee, the Pledgor and
the Domestic Company are hereinafter collectively referred to as the “Parties” and individually a “Party”.

 

WHEREAS:

 

	4.	The Pledgor is a natural person of the PRC nationality and owns 6.5% of the equity interest in the Domestic
Company as of the execution date hereof, representing RMB1,300,000 of the Domestic Company’s registered capital. The Domestic Company
is a limited liability company duly registered and legally existing in the PRC. The Domestic Company intends to hereby confirm the rights
and obligations of the Pledgor and Pledgee hereunder and offers necessary assistance in the registration of such Pledge.

 

	5.	The Pledgee is a wholly foreign-owned enterprise registered in the PRC. The Pledgee has entered into the
Exclusive Business Cooperation Agreement (as defined below) with the Domestic Company; the Pledgee, the Pledgor and the Domestic Company
have executed the Exclusive Option Agreement (as defined below); the Pledgee and the Pledgor have signed the Loan Contract (as defined
below); and the Pledgor has signed the Power of Attorney (as defined below) authorizing the Pledgee.

 

	6.	In order to ensure that the Domestic Company and the Pledgor duly perform their respective obligations
under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Contract and the Power of Attorney, the Pledgor
pledges to the Pledgee all the equity interests he owns in the Domestic Company as security for the performance of his obligations under
the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Contract and the Power of Attorney.

 

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For performance of the terms of the Transaction
Documents (as defined below), upon negotiations, the Parties have agreed to enter into this Agreement in accordance with the following
terms:

 

Article 1 Definitions

 

Unless otherwise specified in this Agreement,
the terms below shall have the following meanings:

 

	1.9	“Pledge” means the security interest granted by the Pledgor to the Pledgee pursuant
to Article 2 of this Agreement, being the right of the Pledgee to be compensated on a preferential basis with the equity interest pledged
by the Pledgor to the Pledgee or any proceeds received from the conversion, auction or sale of such pledged equity interest;

 

	1.10	“Pledged Equity” means the 6.5% of the equity interest in the Domestic Company owned
by the Pledgor now or in the future, representing RMB 1.3 million of the Domestic Company’s registered capital, and all the equity
interests held by the Pledgor in the Domestic Company in the Company.

 

	1.11	“Pledge Term” means the period set forth in Article 3 hereof.

 

	1.12	“Transaction Documents” means the Exclusive Business Cooperation Agreement executed
by and between the Domestic Company and the Pledgee on April 1, 2021 (the “Exclusive Business Cooperation Agreement”),
the Loan Contract dated April 1, 2021 between the Pledgor and the Pledgee (the “Loan Contract”), the Exclusive Purchase
Option Agreement executed by and among the Domestic Company, the Pledgor and the Pledgee on April 1, 2021 (the “Exclusive Option
Agreement”), the Power of Attorney signed by the Pledgor on April 1, 2021 (the “Power of Attorney”), and
any supplement amendment and/or restatement of the foregoing.

 

	1.13	“Contractual Obligations” means all the obligations of the Pledgor under the Exclusive
Option Agreement, the Loan Contract, the Power of Attorney and this Agreement, and all the obligations of the Domestic Company under the
Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement.

 

	1.14	“Secured Debts” means all direct, indirect and derivative losses and losses of anticipated
profits suffered by the Pledgee as a result of any Default Event of the Pledgor and/or the Domestic Company. The basis for the amount
of such losses includes without limitation reasonable business plans and profit forecasts of the Pledgee, the service fees that the Domestic
Company is obliged to pay under the Exclusive Business Cooperation Agreement, the amount of loan that the Pledgor is obliged to repay
under the Loan Contract, as well as all the expenses incurred by the Pledgee in connection with its enforcement for the performance of
the Contractual Obligations against the Pledgor and/or the Domestic Company.

 

	1.15	“Default Event” means any of the circumstances set forth in Article 7 hereof.

 

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	1.16	“Default Notice” means the notice to be issued by the Pledgee in accordance with this
Agreement declaring a Default Event.

 

Article 2 Pledge

 

	2.1	The Pledgor hereby agrees to pledge to the Pledgor the Pledged Equity on terms of this Agreement as security
for his performance of the Contractual Obligations and repayment of the Secured Debts. The Domestic Company hereby agree that the Pledgor
may pledge the Pledged Equity to the Pledgee in accordance with the terms of this Agreement.

 

	2.2	During the Pledge Term, the Pledgee shall be entitled to receive bonus or dividend generated by the Pledged
Equity. The Pledgor may not receive any dividend or bonus without the prior written consent of the Pledgee. After deduction of the individual
income tax to be paid by the Pledgor, the dividend or bonus received by the Pledgor for the Pledged Equity shall, at the request of the
Pledgee, (i) be deposited in the bank account designated by the Pledgee, being supervised and administrated by the Pledgee, and shall
be used to secure the Contractual Obligations and repay the Secured Debts first; or (ii) be unconditionally donated to the Pledgee or
its designated person to the extent permitted by the PRC laws.

 

	2.3	Without the Pledgee’s prior written consent, the Pledgor shall not increase the registered capital
of the Domestic Company. Any additional contribution amount of the Pledgor to the registered capital of the Domestic Company arising from
the Pledgor’s increase of the capital shall also be deemed as the Pledged Equity.

 

	2.4	In the event that the Domestic Company is required to be dissolved or liquidated in accordance with the
mandatory provisions of the PRC laws, any proceeds lawfully distributed to the Pledgor after completion of such dissolution or liquidation
of the Domestic Company shall, at the request of the Pledgee, (i) be deposited in the bank account designated by the Pledgee, being supervised
and administrated by the Pledgee, and shall be used to secure the Contractual Obligations and repay the Secured Debts first; or (ii) be
unconditionally donated to the Pledgee or its designated person to the extent permitted by the PRC laws.

 

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Article 3 Pledge Term

 

	3.1	The Pledge shall take effect as of the date on which the pledge of the Pledged Equity hereunder has been
registered with the competent industrial and commercial authority and shall remain valid until all the Contractual Obligations have been
fulfilled and all the Secured Debts have been paid. The Pledgor and the Domestic Company shall: (i) record the Pledge hereunder in the
register of shareholders of the Domestic Company within three (3) business days from the execution of this Agreement; and (ii) submit
an application to the competent industrial and commercial authority for the registration of the Pledge hereunder within thirty (30) business
days from the execution of this Agreement. The Parties acknowledge that, for the purpose of registering the equity pledge contemplated
hereunder with competent industrial and commercial authority, the Parties and other shareholders of the Domestic Company shall submit
to the competent industrial and commercial authority this Agreement or an equity pledge contract executed in the form as required by the
administration for industry and commerce at the place of the Domestic Company, and reflecting true information about the Pledge hereunder
(the “Contract for Registration”), and matters not specified in the Contract for Registration shall be subject to terms
of this Agreement. The Pledgor and the Domestic Company shall submit all necessary documents and complete all necessary procedures in
accordance with the PRC laws and regulations and all requirements of relevant industrial and commercial authority to assure that the Pledge
can be registered as soon as possible after submission of the registration application.

 

	3.2	During the Pledge Term, the Pledgee shall have the right, but not the obligation, to exercise the Pledge
in accordance with the provisions of this Agreement if the Pledgor and/or the Domestic Company fails to perform the Contractual Obligations
or pay the Secured Debts.

 

Article 4 Safekeeping of Documents

 

	4.1	During the Pledge Term set forth in this Agreement, the Pledgor shall, within one (1) week from the execution
date hereof, deliver his Certificate of Capital Contribution to the Domestic Company and the register of shareholders recording the Pledge
to the Pledgee for safekeeping. The Pledgee will keep such documents during the entire Pledge Term under this Agreement.

 

Article 5 Representations and Warranties

 

	5.1	The Pledgor and the Domestic Company hereby jointly and severally makes the following representations
and warranties to the Pledgee as of the execution date of this Agreement:

 

		5.1.1	the Pledgor is the sole lawful owner of the Pledged Equity;

 

		5.1.2	the Pledgee has the right to dispose of and transfer the Pledged Equity in the manner specified in this
Agreement;

 

		5.1.3	other than the Pledge, the Pledgor has not created any other pledge right or security interest on the
Pledged Equity;

 

		5.1.4	the Pledgor and the Domestic Company have obtained the consents and approvals (if necessary) from governmental
authorities and third parties to execute, deliver and perform this Agreement; and

 

		5.1.5	none pf the execution, delivery and performance of this Agreement will: (i) result in a violation of any
relevant PRC laws; (ii) be in conflict with the articles of association or other organizational documents of the Domestic Company; (iii)
result in a breach of, or constitute a default under, any contract or document to which any of them is a party or by which he/it may be
bound; (iv) result in a violation of any condition in connection with the grant and/or survival of any licenses or approvals issued to
any of them; or (v) result in the suspension or revocation of, or imposition of additional conditions to, any licenses or approvals issued
to any of them;

 

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Article 6 Undertakings

 

	6.1	During the term of this Agreement, the Pledgor and the Domestic Company jointly and severally undertake
to the Pledgee that:

 

		6.1.1	except for the purpose of performing the Transaction Documents, without the Pledgee’s prior written
consent, the Pledgor shall not transfer all or any part of the Pledged Equity, nor create or permit the existence of any security interest
or other encumbrance on the Pledged Equity;

 

		6.1.2	the Pledgor and the Domestic Company will comply with and implement all the provisions of laws and regulations
in connection with pledge of rights, and shall, within five (5) days upon receipt of any notice, order or advice given or made by relevant
regulatory authority in respect of the Pledge, present such notice, order or advice to the Pledgee, and shall either comply with the same,
or submit any objection or statement in respect of such matter upon the Pledgee’s reasonable request or with the Pledgee’s
consent;

 

		6.1.3	the Pledgor and the Domestic Company shall timely notify the Pledgee of any event or received notice which
may result in any impact on the right to all or any part of the Pledged Equity, as well as any event or received notice which may change
any warranties or obligations of the Pledgor hereunder or may affect the Pledgor’s performance of his obligations hereunder; and

 

		6.1.4	the Domestic Company shall, within three (3) months prior to the expiration of its business term, complete
the registration procedure for extension of its business term to enable this Agreement to continue to be valid.

 

	6.2	The Pledgor agrees that the Pledgee’s right to the Pledge obtained on terms of this Agreement shall
not be suspended or impaired by any legal proceeding initiated by the Pledgor, any successor of the Pledgor, any person entrusting the
Pledgor, or any other person.

 

	6.3	The Pledgor warrants to the Pledgee that, in order to protect and perfect the security for the performance
of the Contractual Obligations and payment of Secured Debts hereunder, the Pledgor will execute in good faith and cause other parties
who have interests in the Pledge to execute, all such title certificates and contracts, and/or take and cause such other interested parties
to take, all such actions, as may be required by the Pledgee, facilitate the exercise of the rights and authority granted to the Pledgee
hereunder, enter into all documents regarding the ownership of the Pledged Equity with the Pledgee or its designated person (natural or
legal person), and provide the Pledgee with all the notices, orders and decisions in relation to the Pledge which it deems necessary.

 

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	6.4	The Pledgor warrants to the Pledgee that the Pledgor will comply with and perform all the warranties,
undertakings, agreements, representations and conditions hereunder. If the Pledgor fails to perform or fully perform his warranties, undertakings,
agreements, representations and conditions, the Pledgor shall indemnify the Pledgee against all the losses which may arise from such failure.

 

Article 7 Default Event

 

	7.1	Each of the following events shall be deemed as a Default Event:

 

		7.1.1	the Pledgor breaches any of his obligations under the Transaction Documents and/or this Agreement; or

 

		7.1.2	the Domestic Company breaches any of its obligations under the Transaction Documents and/or this Agreement.

 

	7.2	The Pledgor and the Domestic Company shall immediately notify the Pledgee in writing upon awareness or
discovery of the occurrence of any circumstances referred in above Article 7.1 or any event that may lead to any such circumstances.

 

	7.3	Unless a Default Event under Article 7.1 is remedied at the request of the Pledgee within twenty (20)
days after the Pledgee’s delivery of a notice to the Pledgor and/or the Domestic Company requesting a remedy thereof, the Pledgee
may at any time thereafter send a notice of default to the Pledgor in writing to request the exercise of the Pledge in accordance with
Article 8.

 

Article 8 Exercise of the Pledge

 

	8.1	The Pledgee shall issue a written notice of default to the Pledgor at the time of exercising the Pledge.

 

	8.2	Subject to Article 7.3 hereof, the Pledgor may exercise the Pledge at any time after delivery of the notice
of default as set forth in Article 8.1. When the Pledge decides to exercise the Pledge, the Pledgor shall no longer have any rights or
interests in respect of the Pledged Equity.

 

	8.3	After the delivery of the default notice as set forth in Article 8.1, the Pledgee shall have the right
to exercise all the remedies for breach of agreement to which it may be entitled under the PRC laws, the Transaction Documents and this
Agreement, including but not limited to being compensated on a preferential basis with the proceeds from the conversion, auction or sale
of the Pledged Equity. The Pledgee shall not be liable for any losses arising from its reasonable exercise of such rights and powers.

 

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	8.4	The proceeds from the Pledgee’s exercise of the Pledge shall be first used to pay the taxes and
expenses which become payable as a result of the disposition of the Pledged Equity, to perform the Contractual Obligations to the Pledgee,
and to repay the Secured Debts. If there is any remaining amount after payment of the foresaid sums, the Pledgee shall return such remaining
amount to the Pledgor or any other person who is entitled to such remaining amount under applicable laws and regulations, or deposit the
same with the notary public at the place where the Pledgor is located, and the Pledgor shall be solely liable for any costs and expenses
that may arise therefrom. To the extent permitted by the PRC laws, the Pledgor shall unconditionally donate such remaining sum to the
Pledgee or its designated person.

 

	8.5	The Pledgee shall have the right to select to exercise, either simultaneously or successively, any remedies
for breach of agreement available to it. The Pledgee shall not be required to exercise other remedies before it exercises its right to
get compensated on a preferential basis with the proceeds from the conversion, auction or sale of the Pledged Equity.

 

	8.6	The Pledgee has the right to designate its lawyer or other agent in writing to exercise the Pledge on
its behalf, and neither the Pledgor nor the Domestic Company may raise any objection thereto.

 

	8.7	When the Pledgee exercise the Pledge in accordance with this Agreement, the Pledgor and the Domestic Company
shall offer necessary assistance to enable the Pledgee to realize its right to the Pledge.

 

	8.8	The Pledgor shall be solely liable for any costs and expenses that may arise from the Pledgee’s
exercise of the Pledge (including an exercise by its designated lawyer or other agent).

 

Article 9 Liability for Breach of Agreement

 

	9.1	If the Pledgor or the Domestic Company commits a material breach of any terms hereunder, the Pledgee shall
have the right to terminate this Agreement and/or request the Pledgor or the Domestic Company to make compensation for the damages, and
this Article 9 shall not prejudice or impair any other rights of the Pledgee under this Agreement.

 

	9.2	Unless otherwise specified by laws, the Pledgor and the Domestic Company shall in no event have the right
to terminate or rescind this Agreement.

 

Article 10 Assignment

 

	10.1	Without the prior written consent of the Pledgee, neither the Pledgor nor the Domestic Company may donate
or transfer any of their respective rights and obligations under this Agreement.

 

	10.2	This Agreement shall be binding upon the Pledgor and his successors and permitted assignees, and shall
be effective on the Pledgor and each of his successors and permitted assignees.

 

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	10.3	The Pledgee may at any time transfer all or any of its rights and obligations in the Transaction Documents
and this Agreement to its designated person(s), in which case, the assignee(s) shall have the rights and obligations which the Pledgee
have under the Transaction Documents and this Agreement, as if such assignee(s) was an original party hereto.

 

	10.4	After a change of Pledgee as a result of a transfer or assignment, at the Pledgee’s request, the
Pledgor and/or the Domestic Company shall enter into a new equity pledge agreement with the new pledgee on the same terms and conditions
of this Agreement, and shall register such change with competent industrial and commercial authority.

 

	10.5	The Pledgor and the Domestic Company shall strictly comply with the provisions of this Agreement and other
relevant agreements individually or jointly signed by the Parties, including the Transaction Documents, perform their obligations under
the Transaction Documents, and shall refrain from any action/inaction that is sufficient to affect the validity and enforceability hereof
and thereof. Unless instructed by the Pledgee in writing, the Pledgor shall not exercise any of his remaining rights with respect to the
Pledged Equity.

 

Article 11 Termination

 

	11.1	After full and complete performance of all the Contractual Obligations and full repayment of all the Secured
Debts by the Pledgor and the Domestic Company, the Pledgee shall, at the request of the Pledgor, release the pledge of the Pledged Equity
under this Agreement as soon as reasonably practicable and cooperate with the Pledgor to deregister the equity pledge recorded in the
register of shareholders of the Domestic Company and to deregister the pledge with the competent industrial and commercial authority.

 

	11.2	The provisions of Article 9, 13 and 14 and this Article 11.2 shall survive the termination of this Agreement.

 

Article 12 Handling Charges and Other Expenses

 

	12.1	Unless otherwise specified in this Agreement, all costs and expenses actually incurred in connection with
this Agreement, including without limitation the legal fees, cost of production, stamp duty and any other taxes and expenses, shall be
solely borne by the Domestic Company.

 

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Article 13 Confidentiality Obligations

 

	13.1	The Parties acknowledge and confirm that this Agreement, its contents and any oral or written information
exchanged among the Parties in connection with the preparation and performance of this Agreement shall be deemed as confidential information.
The Parties shall maintain the confidentiality of all such confidential information, and shall not disclose any confidential information
to any third party without the written consent of the other Party or Parties, except for the information which: (a) is or becomes known
to the public (without unauthorized disclosure by the receiving Party); (b) is required to be disclosed under applicable laws or regulations,
stock trading rules or orders of governmental authorities or courts; or (c) is required to be disclosed by a Party to its shareholders,
directors, employees, legal or financial advisors for the transactions contemplated hereunder, provided that such shareholders, directors,
employees and legal or financial advisors shall be subject to the confidentiality obligations similar to those set forth in this Article.
Any disclosure of confidential information by a shareholder, director, employee or engaged agency of a Party shall be deemed as a disclosure
of such confidential information by such Party, who shall be liable for breach of contract in accordance with this Agreement.

 

Article 14 Governing Law and Dispute Resolution

 

	14.1	The conclusion, effectiveness, interpretation, performance, amendment and termination of this Agreement
and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

	14.2	In the event of any dispute arising from the
performance of this Agreement or in connection with this Agreement, any Party may submit the dispute to Shanghai International Economic
and Trade Arbitration Commission for arbitration in Shanghai in accordance with its arbitration procedures and rules then in effect. The
arbitration tribunal shall consist of three arbitrators who shall be appointed in accordance with the arbitration rules. The claimant
and the respondent shall respectively appoint one arbitrator, and the third arbitrator shall be appointed by the first two arbitrators
through negotiations. The arbitration proceedings shall be conducted in Chinese in a confidential manner. The arbitration award shall
be final and binding upon the parties thereto. In appropriate circumstances, the arbitration tribunal or arbitrators may award remedial
measures in relation to the equities or assets of the Domestic Company or the Pledgor’s assets in accordance with the dispute resolution
clause and/or applicable PRC laws, including restriction on conduct of business, restriction or prohibition of transfer or sale of equities
or assets, or proposal for the winding-up of the Domestic Company. In addition, in the course of forming the tribunal, the Pledgee shall
have the right to file an application to any court with competent jurisdiction (including courts in the PRC, Hong Kong and Cayman Islands)
for grant of temporary reliefs. 

 

	14.3	During the arbitration proceeding, the Parties shall continue to own their respective rights hereunder
and perform their respective obligations hereunder, other than those which are under dispute and subject to arbitration.

 

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Article 15 Notices

 

	15.1	All notices and other communications required or given under this Agreement shall be delivered or sent
to the receiving Party by way of personal delivery, registered mail (postage prepaid), commercial courier service or facsimile. Each notice
shall also be served by email. The dates on which such notices shall be deemed to have been effectively given shall be determined as follows:

 

		15.1.1	Notices given by personal delivery (including express mail service) shall be deemed effectively given
on the day when an acknowledgement of receipt thereof is signed;

 

		15.1.2	Notices given by registered mail (postage prepaid) shall be deemed effectively given on the 15th
day after the date of the return receipt thereof;

 

		15.1.3	Notices given by way of facsimile shall be deemed effectively given on the date of transmission as shown
on the facsimile, provided that, if such facsimile is given after 5 p.m. or on a non-business day at the place of receipt, it shall be
deemed given on the business day immediately following the transmission date shown on such facsimile.

 

Article 16 Severability

 

	16.1	In the event that one or more provisions of this Agreement are held to be invalid, illegal or unenforceable
in any aspect under any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall
not be affected or impaired thereby in any aspect. The Parties shall, through negotiations in good faith, strive to replace such invalid,
illegal or unenforceable provisions with the provisions which are valid to the greatest extent permitted by laws and desired by the Parties,
and the economic effect of such valid provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

Article 17 Miscellaneous

 

	17.1	This Agreement shall come into effect upon signature by the Parties. Any modification, supplement or amendment
to this Agreement must be made in writing and shall not become effective until it is signed by the Parties.

 

	17.2	This Agreement shall be executed in four counterparts, with each Party holding one counterpart hereof,
and the remaining counterparts shall be used for the registration of the Pledge. Each counterpart of this Agreement shall have the same
legal effect.

 

(The
Remainder of this Page is Intentionally Left Blank)

 

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(Signature
Page of the Equity Pledge Agreement)

 

Party A: 

Shanghai Santeng Technology Co., Ltd. (official
seal)

 

	By:	LU Qiaoling

Its Legal or Authorized Representative

 

Signed on this 1st day of April, 2021

 

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(Signature
Page of the Equity Pledge Agreement)

 

Party B: 

GUO Yiheng

 

Signature: GUO Yiheng

 

Signed on this 1st day of April, 2021

 

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(Signature
Page of the Equity Pledge Agreement)

 

Party C: 

Zhenyi Information Technology (Shanghai) Co.,
Ltd. (official seal)

 

	By:	LU Qiaoling

Its Legal or Authorized Representative

 

Signed on this 1st day of April, 2021

 

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EQUITY PLEDGE AGREEMENT

 

THIS EQUITY PLEDGE AGREEMENT (the “Agreement”)
is entered into by and between the following parties on this 1st day of April, 2021 in Shanghai, the People’s Republic of China
(hereinafter referred to as the “PRC”, and, for the purpose of this Agreement, excluding Hong Kong SAR, Macau SAR and
Taiwan):

 

Party A: Shanghai Santeng Technology Co., Ltd.
(the “Pledgee”)

Legal representative: LU Qiaoling

Registered address: Room JT19736, Building No.4,
Zone B, No.925 Yecheng Road, Jiading Industrial Zone, Shanghai

 

Party B: WANG Hua (the “Pledgor”)

Identification No.: 320503196005062525

 

Party C: Zhenyi Information Technology (Shanghai)
Co., Ltd. (the “Domestic Company”)

Legal representative: LU Qiaoling

Registered address: Room 239, Building K, No.68
Dongheyan, Chengqiao Town, Chongming District, Shanghai (Chengqiao Economic Development Zone, Shanghai)

 

In this Agreement, the Pledgee, the Pledgor and
the Domestic Company are hereinafter collectively referred to as the “Parties” and individually a “Party”.

 

WHEREAS:

 

	7.	The Pledgor is a natural person of the PRC nationality and owns 6% of the equity interest in the Domestic
Company as of the execution date hereof, representing RMB1,200,000 of the Domestic Company’s registered capital. The Domestic Company
is a limited liability company duly registered and legally existing in the PRC. The Domestic Company intends to hereby confirm the rights
and obligations of the Pledgor and Pledgee hereunder and offers necessary assistance in the registration of such Pledge.

 

	8.	The Pledgee is a wholly foreign-owned enterprise registered in the PRC. The Pledgee has entered into the
Exclusive Business Cooperation Agreement (as defined below) with the Domestic Company; the Pledgee, the Pledgor and the Domestic Company
have executed the Exclusive Option Agreement (as defined below); the Pledgee and the Pledgor have signed the Loan Contract (as defined
below); and the Pledgor has signed the Power of Attorney (as defined below) authorizing the Pledgee.

 

	9.	In order to ensure that the Domestic Company and the Pledgor duly perform their respective obligations
under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Contract and the Power of Attorney, the Pledgor
pledges to the Pledgee all the equity interests he owns in the Domestic Company as security for the performance of his obligations under
the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Contract and the Power of Attorney.

 

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For performance of the terms of the Transaction
Documents (as defined below), upon negotiations, the Parties have agreed to enter into this Agreement in accordance with the following
terms:

 

Article 1 Definitions

 

Unless otherwise specified in this Agreement,
the terms below shall have the following meanings:

 

	1.17	“Pledge” means the security interest granted by the Pledgor to the Pledgee pursuant
to Article 2 of this Agreement, being the right of the Pledgee to be compensated on a preferential basis with the equity interest pledged
by the Pledgor to the Pledgee or any proceeds received from the conversion, auction or sale of such pledged equity interest;

 

	1.18	“Pledged Equity” means the 6% of the equity interest in the Domestic Company owned
by the Pledgor now or in the future, representing RMB 1.2 million of the Domestic Company’s registered capital, and all the equity
interests held by the Pledgor in the Domestic Company in the Company.

 

	1.19	“Pledge Term” means the period set forth in Article 3 hereof.

 

	1.20	“Transaction Documents” means the Exclusive Business Cooperation Agreement executed
by and between the Domestic Company and the Pledgee on April 1, 2021 (the “Exclusive Business Cooperation Agreement”),
the Loan Contract dated April 1, 2021 between the Pledgor and the Pledgee (the “Loan Contract”), the Exclusive Purchase
Option Agreement executed by and among the Domestic Company, the Pledgor and the Pledgee on April 1, 2021 (the “Exclusive Option
Agreement”), the Power of Attorney signed by the Pledgor on April 1, 2021 (the “Power of Attorney”), and
any supplement amendment and/or restatement of the foregoing.

 

	1.21	“Contractual Obligations” means all the obligations of the Pledgor under the Exclusive
Option Agreement, the Loan Contract, the Power of Attorney and this Agreement, and all the obligations of the Domestic Company under the
Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement.

 

	1.22	“Secured Debts” means all direct, indirect and derivative losses and losses of anticipated
profits suffered by the Pledgee as a result of any Default Event of the Pledgor and/or the Domestic Company. The basis for the amount
of such losses includes without limitation reasonable business plans and profit forecasts of the Pledgee, the service fees that the Domestic
Company is obliged to pay under the Exclusive Business Cooperation Agreement, the amount of loan that the Pledgor is obliged to repay
under the Loan Contract, as well as all the expenses incurred by the Pledgee in connection with its enforcement for the performance of
the Contractual Obligations against the Pledgor and/or the Domestic Company.

 

	1.23	“Default Event” means any of the circumstances set forth in Article 7 hereof.

 

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	1.24	“Default Notice” means the notice to be issued by the Pledgee in accordance with this
Agreement declaring a Default Event.

 

Article 2 Pledge

 

	2.1	The Pledgor hereby agrees to pledge to the Pledgor the Pledged Equity on terms of this Agreement as security
for his performance of the Contractual Obligations and repayment of the Secured Debts. The Domestic Company hereby agree that the Pledgor
may pledge the Pledged Equity to the Pledgee in accordance with the terms of this Agreement.

 

	2.2	During the Pledge Term, the Pledgee shall be entitled to receive bonus or dividend generated by the Pledged
Equity. The Pledgor may not receive any dividend or bonus without the prior written consent of the Pledgee. After deduction of the individual
income tax to be paid by the Pledgor, the dividend or bonus received by the Pledgor for the Pledged Equity shall, at the request of the
Pledgee, (i) be deposited in the bank account designated by the Pledgee, being supervised and administrated by the Pledgee, and shall
be used to secure the Contractual Obligations and repay the Secured Debts first; or (ii) be unconditionally donated to the Pledgee or
its designated person to the extent permitted by the PRC laws.

 

	2.3	Without the Pledgee’s prior written consent, the Pledgor shall not increase the registered capital
of the Domestic Company. Any additional contribution amount of the Pledgor to the registered capital of the Domestic Company arising from
the Pledgor’s increase of the capital shall also be deemed as the Pledged Equity.

 

	2.4	In the event that the Domestic Company is required to be dissolved or liquidated in accordance with the
mandatory provisions of the PRC laws, any proceeds lawfully distributed to the Pledgor after completion of such dissolution or liquidation
of the Domestic Company shall, at the request of the Pledgee, (i) be deposited in the bank account designated by the Pledgee, being supervised
and administrated by the Pledgee, and shall be used to secure the Contractual Obligations and repay the Secured Debts first; or (ii) be
unconditionally donated to the Pledgee or its designated person to the extent permitted by the PRC laws.

 

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Article 3 Pledge Term

 

	3.1	The Pledge shall take effect as of the date on which the pledge of the Pledged Equity hereunder has been
registered with the competent industrial and commercial authority and shall remain valid until all the Contractual Obligations have been
fulfilled and all the Secured Debts have been paid. The Pledgor and the Domestic Company shall: (i) record the Pledge hereunder in the
register of shareholders of the Domestic Company within three (3) business days from the execution of this Agreement; and (ii) submit
an application to the competent industrial and commercial authority for the registration of the Pledge hereunder within thirty (30) business
days from the execution of this Agreement. The Parties acknowledge that, for the purpose of registering the equity pledge contemplated
hereunder with competent industrial and commercial authority, the Parties and other shareholders of the Domestic Company shall submit
to the competent industrial and commercial authority this Agreement or an equity pledge contract executed in the form as required by the
administration for industry and commerce at the place of the Domestic Company, and reflecting true information about the Pledge hereunder
(the “Contract for Registration”), and matters not specified in the Contract for Registration shall be subject to terms
of this Agreement. The Pledgor and the Domestic Company shall submit all necessary documents and complete all necessary procedures in
accordance with the PRC laws and regulations and all requirements of relevant industrial and commercial authority to assure that the Pledge
can be registered as soon as possible after submission of the registration application.

 

	3.2	During the Pledge Term, the Pledgee shall have the right, but not the obligation, to exercise the Pledge
in accordance with the provisions of this Agreement if the Pledgor and/or the Domestic Company fails to perform the Contractual Obligations
or pay the Secured Debts.

 

Article 4 Safekeeping of Documents

 

	4.1	During the Pledge Term set forth in this Agreement, the Pledgor shall, within one (1) week from the execution
date hereof, deliver his Certificate of Capital Contribution to the Domestic Company and the register of shareholders recording the Pledge
to the Pledgee for safekeeping. The Pledgee will keep such documents during the entire Pledge Term under this Agreement.

 

Article 5 Representations and Warranties

 

	5.1	The Pledgor and the Domestic Company hereby jointly and severally makes the following representations
and warranties to the Pledgee as of the execution date of this Agreement:

 

		5.1.1	the Pledgor is the sole lawful owner of the Pledged Equity;

 

		5.1.2	the Pledgee has the right to dispose of and transfer the Pledged Equity in the manner specified in this
Agreement;

 

		5.1.3	other than the Pledge, the Pledgor has not created any other pledge right or security interest on the
Pledged Equity;

 

		5.1.4	the Pledgor and the Domestic Company have obtained the consents and approvals (if necessary) from governmental
authorities and third parties to execute, deliver and perform this Agreement; and

 

		5.1.5	none pf the execution, delivery and performance of this Agreement will: (i) result in a violation of any
relevant PRC laws; (ii) be in conflict with the articles of association or other organizational documents of the Domestic Company; (iii)
result in a breach of, or constitute a default under, any contract or document to which any of them is a party or by which he/it may be
bound; (iv) result in a violation of any condition in connection with the grant and/or survival of any licenses or approvals issued to
any of them; or (v) result in the suspension or revocation of, or imposition of additional conditions to, any licenses or approvals issued
to any of them;

 

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Article 6 Undertakings

 

	6.1	During the term of this Agreement, the Pledgor and the Domestic Company jointly and severally undertake
to the Pledgee that:

 

		6.1.1	except for the purpose of performing the Transaction Documents, without the Pledgee’s prior written
consent, the Pledgor shall not transfer all or any part of the Pledged Equity, nor create or permit the existence of any security interest
or other encumbrance on the Pledged Equity;

 

		6.1.2	the Pledgor and the Domestic Company will comply with and implement all the provisions of laws and regulations
in connection with pledge of rights, and shall, within five (5) days upon receipt of any notice, order or advice given or made by relevant
regulatory authority in respect of the Pledge, present such notice, order or advice to the Pledgee, and shall either comply with the same,
or submit any objection or statement in respect of such matter upon the Pledgee’s reasonable request or with the Pledgee’s
consent;

 

		6.1.3	the Pledgor and the Domestic Company shall timely notify the Pledgee of any event or received notice which
may result in any impact on the right to all or any part of the Pledged Equity, as well as any event or received notice which may change
any warranties or obligations of the Pledgor hereunder or may affect the Pledgor’s performance of his obligations hereunder; and

 

		6.1.4	the Domestic Company shall, within three (3) months prior to the expiration of its business term, complete
the registration procedure for extension of its business term to enable this Agreement to continue to be valid.

 

	6.2	The Pledgor agrees that the Pledgee’s right to the Pledge obtained on terms of this Agreement shall
not be suspended or impaired by any legal proceeding initiated by the Pledgor, any successor of the Pledgor, any person entrusting the
Pledgor, or any other person.

 

	6.3	The Pledgor warrants to the Pledgee that, in order to protect and perfect the security for the performance
of the Contractual Obligations and payment of Secured Debts hereunder, the Pledgor will execute in good faith and cause other parties
who have interests in the Pledge to execute, all such title certificates and contracts, and/or take and cause such other interested parties
to take, all such actions, as may be required by the Pledgee, facilitate the exercise of the rights and authority granted to the Pledgee
hereunder, enter into all documents regarding the ownership of the Pledged Equity with the Pledgee or its designated person (natural or
legal person), and provide the Pledgee with all the notices, orders and decisions in relation to the Pledge which it deems necessary.

 

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	6.4	The Pledgor warrants to the Pledgee that the Pledgor will comply with and perform all the warranties,
undertakings, agreements, representations and conditions hereunder. If the Pledgor fails to perform or fully perform his warranties, undertakings,
agreements, representations and conditions, the Pledgor shall indemnify the Pledgee against all the losses which may arise from such failure.

 

Article 7 Default Event

 

	7.1	Each of the following events shall be deemed as a Default Event:

 

		7.1.1	the Pledgor breaches any of his obligations under the Transaction Documents and/or this Agreement; or

 

		7.1.2	the Domestic Company breaches any of its obligations under the Transaction Documents and/or this Agreement.

 

	7.2	The Pledgor and the Domestic Company shall immediately notify the Pledgee in writing upon awareness or
discovery of the occurrence of any circumstances referred in above Article 7.1 or any event that may lead to any such circumstances.

 

	7.3	Unless a Default Event under Article 7.1 is remedied at the request of the Pledgee within twenty (20)
days after the Pledgee’s delivery of a notice to the Pledgor and/or the Domestic Company requesting a remedy thereof, the Pledgee
may at any time thereafter send a notice of default to the Pledgor in writing to request the exercise of the Pledge in accordance with
Article 8.

 

Article 8 Exercise of the Pledge

 

	8.1	The Pledgee shall issue a written notice of default to the Pledgor at the time of exercising the Pledge.

 

	8.2	Subject to Article 7.3 hereof, the Pledgor may exercise the Pledge at any time after delivery of the notice
of default as set forth in Article 8.1. When the Pledge decides to exercise the Pledge, the Pledgor shall no longer have any rights or
interests in respect of the Pledged Equity.

 

	8.3	After the delivery of the default notice as set forth in Article 8.1, the Pledgee shall have the right
to exercise all the remedies for breach of agreement to which it may be entitled under the PRC laws, the Transaction Documents and this
Agreement, including but not limited to being compensated on a preferential basis with the proceeds from the conversion, auction or sale
of the Pledged Equity. The Pledgee shall not be liable for any losses arising from its reasonable exercise of such rights and powers

 

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	8.4	The proceeds from the Pledgee’s exercise of the Pledge shall be first used to pay the taxes and
expenses which become payable as a result of the disposition of the Pledged Equity, to perform the Contractual Obligations to the Pledgee,
and to repay the Secured Debts. If there is any remaining amount after payment of the foresaid sums, the Pledgee shall return such remaining
amount to the Pledgor or any other person who is entitled to such remaining amount under applicable laws and regulations, or deposit the
same with the notary public at the place where the Pledgor is located, and the Pledgor shall be solely liable for any costs and expenses
that may arise therefrom. To the extent permitted by the PRC laws, the Pledgor shall unconditionally donate such remaining sum to the
Pledgee or its designated person.

 

	8.5	The Pledgee shall have the right to select to exercise, either simultaneously or successively, any remedies
for breach of agreement available to it. The Pledgee shall not be required to exercise other remedies before it exercises its right to
get compensated on a preferential basis with the proceeds from the conversion, auction or sale of the Pledged Equity.

 

	8.6	The Pledgee has the right to designate its lawyer or other agent in writing to exercise the Pledge on
its behalf, and neither the Pledgor nor the Domestic Company may raise any objection thereto.

 

	8.7	When the Pledgee exercise the Pledge in accordance with this Agreement, the Pledgor and the Domestic Company
shall offer necessary assistance to enable the Pledgee to realize its right to the Pledge.

 

	8.8	The Pledgor shall be solely liable for any costs and expenses that may arise from the Pledgee’s
exercise of the Pledge (including an exercise by its designated lawyer or other agent).

 

Article 9 Liability for Breach of Agreement

 

	9.1	If the Pledgor or the Domestic Company commits a material breach of any terms hereunder, the Pledgee shall
have the right to terminate this Agreement and/or request the Pledgor or the Domestic Company to make compensation for the damages, and
this Article 9 shall not prejudice or impair any other rights of the Pledgee under this Agreement.

 

	9.2	Unless otherwise specified by laws, the Pledgor and the Domestic Company shall in no event have the right
to terminate or rescind this Agreement.

 

Article 10 Assignment

 

	10.1	Without the prior written consent of the Pledgee, neither the Pledgor nor the Domestic Company may donate
or transfer any of their respective rights and obligations under this Agreement.

 

	10.2	This Agreement shall be binding upon the Pledgor and his successors and permitted assignees, and shall
be effective on the Pledgor and each of his successors and permitted assignees.

 

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	10.3	The Pledgee may at any time transfer all or any of its rights and obligations in the Transaction Documents
and this Agreement to its designated person(s), in which case, the assignee(s) shall have the rights and obligations which the Pledgee
have under the Transaction Documents and this Agreement, as if such assignee(s) was an original party hereto.

 

	10.4	After a change of Pledgee as a result of a transfer or assignment, at the Pledgee’s request, the
Pledgor and/or the Domestic Company shall enter into a new equity pledge agreement with the new pledgee on the same terms and conditions
of this Agreement, and shall register such change with competent industrial and commercial authority.

 

	10.5	The Pledgor and the Domestic Company shall strictly comply with the provisions of this Agreement and other
relevant agreements individually or jointly signed by the Parties, including the Transaction Documents, perform their obligations under
the Transaction Documents, and shall refrain from any action/inaction that is sufficient to affect the validity and enforceability hereof
and thereof. Unless instructed by the Pledgee in writing, the Pledgor shall not exercise any of his remaining rights with respect to the
Pledged Equity.

 

Article 11 Termination

 

	11.1	After full and complete performance of all the Contractual Obligations and full repayment of all the Secured
Debts by the Pledgor and the Domestic Company, the Pledgee shall, at the request of the Pledgor, release the pledge of the Pledged Equity
under this Agreement as soon as reasonably practicable and cooperate with the Pledgor to deregister the equity pledge recorded in the
register of shareholders of the Domestic Company and to deregister the pledge with the competent industrial and commercial authority.

 

	11.2	The provisions of Article 9, 13 and 14 and this Article 11.2 shall survive the termination of this Agreement.

 

Article 12 Handling Charges and Other Expenses

 

	12.1	Unless otherwise specified in this Agreement, all costs and expenses actually incurred in connection with
this Agreement, including without limitation the legal fees, cost of production, stamp duty and any other taxes and expenses, shall be
solely borne by the Domestic Company.

 

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Article 13 Confidentiality Obligations

 

	13.1	The Parties acknowledge and confirm that this Agreement, its contents and any oral or written information
exchanged among the Parties in connection with the preparation and performance of this Agreement shall be deemed as confidential information.
The Parties shall maintain the confidentiality of all such confidential information, and shall not disclose any confidential information
to any third party without the written consent of the other Party or Parties, except for the information which: (a) is or becomes known
to the public (without unauthorized disclosure by the receiving Party); (b) is required to be disclosed under applicable laws or regulations,
stock trading rules or orders of governmental authorities or courts; or (c) is required to be disclosed by a Party to its shareholders,
directors, employees, legal or financial advisors for the transactions contemplated hereunder, provided that such shareholders, directors,
employees and legal or financial advisors shall be subject to the confidentiality obligations similar to those set forth in this Article.
Any disclosure of confidential information by a shareholder, director, employee or engaged agency of a Party shall be deemed as a disclosure
of such confidential information by such Party, who shall be liable for breach of contract in accordance with this Agreement.

 

Article 14 Governing Law and Dispute Resolution

 

	14.1	The conclusion, effectiveness, interpretation, performance, amendment and termination of this Agreement
and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

	14.2	In the event of any dispute arising from the
performance of this Agreement or in connection with this Agreement, any Party may submit the dispute to Shanghai International Economic
and Trade Arbitration Commission for arbitration in Shanghai in accordance with its arbitration procedures and rules then in effect. The
arbitration tribunal shall consist of three arbitrators who shall be appointed in accordance with the arbitration rules. The claimant
and the respondent shall respectively appoint one arbitrator, and the third arbitrator shall be appointed by the first two arbitrators
through negotiations. The arbitration proceedings shall be conducted in Chinese in a confidential manner. The arbitration award shall
be final and binding upon the parties thereto. In appropriate circumstances, the arbitration tribunal or arbitrators may award remedial
measures in relation to the equities or assets of the Domestic Company or the Pledgor’s assets in accordance with the dispute resolution
clause and/or applicable PRC laws, including restriction on conduct of business, restriction or prohibition of transfer or sale of equities
or assets, or proposal for the winding-up of the Domestic Company. In addition, in the course of forming the tribunal, the Pledgee shall
have the right to file an application to any court with competent jurisdiction (including courts in the PRC, Hong Kong and Cayman Islands)
for grant of temporary reliefs. 

 

	14.3	During the arbitration proceeding, the Parties shall continue to own their respective rights hereunder
and perform their respective obligations hereunder, other than those which are under dispute and subject to arbitration.

 

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Article 15 Notices

 

	15.1	All notices and other communications required or given under this Agreement shall be delivered or sent
to the receiving Party by way of personal delivery, registered mail (postage prepaid), commercial courier service or facsimile. Each notice
shall also be served by email. The dates on which such notices shall be deemed to have been effectively given shall be determined as follows:

 

		15.1.1	Notices given by personal delivery (including express mail service) shall be deemed effectively given
on the day when an acknowledgement of receipt thereof is signed;

 

		15.1.2	Notices given by registered mail (postage prepaid) shall be deemed effectively given on the 15th
day after the date of the return receipt thereof;

 

		15.1.3	Notices given by way of facsimile shall be deemed effectively given on the date of transmission as shown
on the facsimile, provided that, if such facsimile is given after 5 p.m. or on a non-business day at the place of receipt, it shall be
deemed given on the business day immediately following the transmission date shown on such facsimile.

 

Article 16 Severability

 

	16.1	In the event that one or more provisions of this Agreement are held to be invalid, illegal or unenforceable
in any aspect under any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall
not be affected or impaired thereby in any aspect. The Parties shall, through negotiations in good faith, strive to replace such invalid,
illegal or unenforceable provisions with the provisions which are valid to the greatest extent permitted by laws and desired by the Parties,
and the economic effect of such valid provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

Article 17 Miscellaneous

 

	17.1	This Agreement shall come into effect upon signature by the Parties. Any modification, supplement or amendment
to this Agreement must be made in writing and shall not become effective until it is signed by the Parties.

 

	17.2	This Agreement shall be executed in four counterparts, with each Party holding one counterpart hereof,
and the remaining counterparts shall be used for the registration of the Pledge. Each counterpart of this Agreement shall have the same
legal effect.

 

(The
Remainder of this Page is Intentionally Left Blank)

 

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(Signature
Page of the Equity Pledge Agreement)

 

Party A: 

Shanghai Santeng Technology Co., Ltd. (official
seal)

 

	By:	LU Qiaoling

Its Legal or Authorized Representative

 

Signed on this 1st day of April, 2021

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

(Signature
Page of the Equity Pledge Agreement)

 

Party B: 

WANG Hua

 

Signature: WANG Hua

 

Signed on this 1st day of April, 2021

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

(Signature
Page of the Equity Pledge Agreement)

 

Party C: 

Zhenyi Information Technology (Shanghai) Co.,
Ltd. (official seal)

 

	By:	LU Qiaoling

Its Legal or Authorized Representative

 

Signed on this 1st day of April, 2021

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

EQUITY PLEDGE AGREEMENT

 

THIS EQUITY PLEDGE AGREEMENT (the “Agreement”)
is entered into by and between the following parties on this 1st day of April, 2021 in Shanghai, the People’s Republic of China
(hereinafter referred to as the “PRC”, and, for the purpose of this Agreement, excluding Hong Kong SAR, Macau SAR and
Taiwan):

 

Party A: Shanghai Santeng Technology Co., Ltd.
(the “Pledgee”)

Legal representative: LU Qiaoling

Registered address: Room JT19736, Building No.4,
Zone B, No.925 Yecheng Road, Jiading Industrial Zone, Shanghai

 

Party B: LI Jianxiu (the “Pledgor”)

Identification No.: 370221195306140022

 

Party C: Zhenyi Information Technology (Shanghai)
Co., Ltd. (the “Domestic Company”)

Legal representative: LU Qiaoling

Registered address: Room 239, Building K, No.68
Dongheyan, Chengqiao Town, Chongming District, Shanghai (Chengqiao Economic Development Zone, Shanghai)

 

In this Agreement, the Pledgee, the Pledgor and
the Domestic Company are hereinafter collectively referred to as the “Parties” and individually a “Party”.

 

WHEREAS:

 

	10.	The Pledgor is a natural person of the PRC nationality and owns 6% of the equity interest in the Domestic
Company as of the execution date hereof, representing RMB1,200,000 of the Domestic Company’s registered capital. The Domestic Company
is a limited liability company duly registered and legally existing in the PRC. The Domestic Company intends to hereby confirm the rights
and obligations of the Pledgor and Pledgee hereunder and offers necessary assistance in the registration of such Pledge.

 

	11.	The Pledgee is a wholly foreign-owned enterprise registered in the PRC. The Pledgee has entered into the
Exclusive Business Cooperation Agreement (as defined below) with the Domestic Company; the Pledgee, the Pledgor and the Domestic Company
have executed the Exclusive Option Agreement (as defined below); the Pledgee and the Pledgor have signed the Loan Contract (as defined
below); and the Pledgor has signed the Power of Attorney (as defined below) authorizing the Pledgee.

 

	12.	In order to ensure that the Domestic Company and the Pledgor duly perform their respective obligations
under the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Contract and the Power of Attorney, the Pledgor
pledges to the Pledgee all the equity interests he owns in the Domestic Company as security for the performance of his obligations under
the Exclusive Business Cooperation Agreement, the Exclusive Option Agreement, the Loan Contract and the Power of Attorney.

 

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For performance of the terms of the Transaction
Documents (as defined below), upon negotiations, the Parties have agreed to enter into this Agreement in accordance with the following
terms:

 

Article 1 Definitions

 

Unless otherwise specified in this Agreement,
the terms below shall have the following meanings:

 

	1.25	“Pledge” means the security interest granted by the Pledgor to the Pledgee pursuant
to Article 2 of this Agreement, being the right of the Pledgee to be compensated on a preferential basis with the equity interest pledged
by the Pledgor to the Pledgee or any proceeds received from the conversion, auction or sale of such pledged equity interest;

 

	1.26	“Pledged Equity” means the 6% of the equity interest in the Domestic Company owned
by the Pledgor now or in the future, representing RMB 1.2 million of the Domestic Company’s registered capital, and all the equity
interests held by the Pledgor in the Domestic Company in the Company.

 

	1.27	“Pledge Term” means the period set forth in Article 3 hereof.

 

	1.28	“Transaction Documents” means the Exclusive Business Cooperation Agreement executed
by and between the Domestic Company and the Pledgee on April 1, 2021 (the “Exclusive Business Cooperation Agreement”),
the Loan Contract dated April 1, 2021 between the Pledgor and the Pledgee (the “Loan Contract”), the Exclusive Purchase
Option Agreement executed by and among the Domestic Company, the Pledgor and the Pledgee on April 1, 2021 (the “Exclusive Option
Agreement”), the Power of Attorney signed by the Pledgor on April 1, 2021 (the “Power of Attorney”), and
any supplement amendment and/or restatement of the foregoing.

 

	1.29	“Contractual Obligations” means all the obligations of the Pledgor under the Exclusive
Option Agreement, the Loan Contract, the Power of Attorney and this Agreement, and all the obligations of the Domestic Company under the
Exclusive Business Cooperation Agreement, the Exclusive Option Agreement and this Agreement.

 

	1.30	“Secured Debts” means all direct, indirect and derivative losses and losses of anticipated
profits suffered by the Pledgee as a result of any Default Event of the Pledgor and/or the Domestic Company. The basis for the amount
of such losses includes without limitation reasonable business plans and profit forecasts of the Pledgee, the service fees that the Domestic
Company is obliged to pay under the Exclusive Business Cooperation Agreement, the amount of loan that the Pledgor is obliged to repay
under the Loan Contract, as well as all the expenses incurred by the Pledgee in connection with its enforcement for the performance of
the Contractual Obligations against the Pledgor and/or the Domestic Company.

 

	1.31	“Default Event” means any of the circumstances set forth in Article 7 hereof.

 

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	1.32	“Default Notice” means the notice to be issued by the Pledgee in accordance with this
Agreement declaring a Default Event.

 

Article 2 Pledge

 

	2.1	The Pledgor hereby agrees to pledge to the Pledgor the Pledged Equity on terms of this Agreement as security
for his performance of the Contractual Obligations and repayment of the Secured Debts. The Domestic Company hereby agree that the Pledgor
may pledge the Pledged Equity to the Pledgee in accordance with the terms of this Agreement.

 

	2.2	During the Pledge Term, the Pledgee shall be entitled to receive bonus or dividend generated by the Pledged
Equity. The Pledgor may not receive any dividend or bonus without the prior written consent of the Pledgee. After deduction of the individual
income tax to be paid by the Pledgor, the dividend or bonus received by the Pledgor for the Pledged Equity shall, at the request of the
Pledgee, (i) be deposited in the bank account designated by the Pledgee, being supervised and administrated by the Pledgee, and shall
be used to secure the Contractual Obligations and repay the Secured Debts first; or (ii) be unconditionally donated to the Pledgee or
its designated person to the extent permitted by the PRC laws.

 

	2.3	Without the Pledgee’s prior written consent, the Pledgor shall not increase the registered capital
of the Domestic Company. Any additional contribution amount of the Pledgor to the registered capital of the Domestic Company arising from
the Pledgor’s increase of the capital shall also be deemed as the Pledged Equity.

 

	2.4	In the event that the Domestic Company is required to be dissolved or liquidated in accordance with the
mandatory provisions of the PRC laws, any proceeds lawfully distributed to the Pledgor after completion of such dissolution or liquidation
of the Domestic Company shall, at the request of the Pledgee, (i) be deposited in the bank account designated by the Pledgee, being supervised
and administrated by the Pledgee, and shall be used to secure the Contractual Obligations and repay the Secured Debts first; or (ii) be
unconditionally donated to the Pledgee or its designated person to the extent permitted by the PRC laws.

 

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Article 3 Pledge Term

 

	3.1	The Pledge shall take effect as of the date on which the pledge of the Pledged Equity hereunder has been
registered with the competent industrial and commercial authority and shall remain valid until all the Contractual Obligations have been
fulfilled and all the Secured Debts have been paid. The Pledgor and the Domestic Company shall: (i) record the Pledge hereunder in the
register of shareholders of the Domestic Company within three (3) business days from the execution of this Agreement; and (ii) submit
an application to the competent industrial and commercial authority for the registration of the Pledge hereunder within thirty (30) business
days from the execution of this Agreement. The Parties acknowledge that, for the purpose of registering the equity pledge contemplated
hereunder with competent industrial and commercial authority, the Parties and other shareholders of the Domestic Company shall submit
to the competent industrial and commercial authority this Agreement or an equity pledge contract executed in the form as required by the
administration for industry and commerce at the place of the Domestic Company, and reflecting true information about the Pledge hereunder
(the “Contract for Registration”), and matters not specified in the Contract for Registration shall be subject to terms
of this Agreement. The Pledgor and the Domestic Company shall submit all necessary documents and complete all necessary procedures in
accordance with the PRC laws and regulations and all requirements of relevant industrial and commercial authority to assure that the Pledge
can be registered as soon as possible after submission of the registration application.

 

	3.2	During the Pledge Term, the Pledgee shall have the right, but not the obligation, to exercise the Pledge
in accordance with the provisions of this Agreement if the Pledgor and/or the Domestic Company fails to perform the Contractual Obligations
or pay the Secured Debts.

 

Article 4 Safekeeping of Documents

 

	4.1	During the Pledge Term set forth in this Agreement, the Pledgor shall, within one (1) week from the execution
date hereof, deliver his Certificate of Capital Contribution to the Domestic Company and the register of shareholders recording the Pledge
to the Pledgee for safekeeping. The Pledgee will keep such documents during the entire Pledge Term under this Agreement.

 

Article 5 Representations and Warranties

 

	5.1	The Pledgor and the Domestic Company hereby jointly and severally makes the following representations
and warranties to the Pledgee as of the execution date of this Agreement:

 

		5.1.1	the Pledgor is the sole lawful owner of the Pledged Equity;

 

		5.1.2	the Pledgee has the right to dispose of and transfer the Pledged Equity in the manner specified in this
Agreement;

 

		5.1.3	other than the Pledge, the Pledgor has not created any other pledge right or security interest on the
Pledged Equity;

 

		5.1.4	the Pledgor and the Domestic Company have obtained the consents and approvals (if necessary) from governmental
authorities and third parties to execute, deliver and perform this Agreement; and

 

		5.1.5	none pf the execution, delivery and performance of this Agreement will: (i) result in a violation of any
relevant PRC laws; (ii) be in conflict with the articles of association or other organizational documents of the Domestic Company; (iii)
result in a breach of, or constitute a default under, any contract or document to which any of them is a party or by which he/it may be
bound; (iv) result in a violation of any condition in connection with the grant and/or survival of any licenses or approvals issued to
any of them; or (v) result in the suspension or revocation of, or imposition of additional conditions to, any licenses or approvals issued
to any of them;

 

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Article 6 Undertakings

 

	6.1	During the term of this Agreement, the Pledgor and the Domestic Company jointly and severally undertake
to the Pledgee that:

 

		6.1.1	except for the purpose of performing the Transaction Documents, without the Pledgee’s prior written
consent, the Pledgor shall not transfer all or any part of the Pledged Equity, nor create or permit the existence of any security interest
or other encumbrance on the Pledged Equity;

 

		6.1.2	the Pledgor and the Domestic Company will comply with and implement all the provisions of laws and regulations
in connection with pledge of rights, and shall, within five (5) days upon receipt of any notice, order or advice given or made by relevant
regulatory authority in respect of the Pledge, present such notice, order or advice to the Pledgee, and shall either comply with the same,
or submit any objection or statement in respect of such matter upon the Pledgee’s reasonable request or with the Pledgee’s
consent;

 

		6.1.3	the Pledgor and the Domestic Company shall timely notify the Pledgee of any event or received notice which
may result in any impact on the right to all or any part of the Pledged Equity, as well as any event or received notice which may change
any warranties or obligations of the Pledgor hereunder or may affect the Pledgor’s performance of his obligations hereunder; and

 

		6.1.4	the Domestic Company shall, within three (3) months prior to the expiration of its business term, complete
the registration procedure for extension of its business term to enable this Agreement to continue to be valid.

 

	6.2	The Pledgor agrees that the Pledgee’s right to the Pledge obtained on terms of this Agreement shall
not be suspended or impaired by any legal proceeding initiated by the Pledgor, any successor of the Pledgor, any person entrusting the
Pledgor, or any other person.

 

	6.3	The Pledgor warrants to the Pledgee that, in order to protect and perfect the security for the performance
of the Contractual Obligations and payment of Secured Debts hereunder, the Pledgor will execute in good faith and cause other parties
who have interests in the Pledge to execute, all such title certificates and contracts, and/or take and cause such other interested parties
to take, all such actions, as may be required by the Pledgee, facilitate the exercise of the rights and authority granted to the Pledgee
hereunder, enter into all documents regarding the ownership of the Pledged Equity with the Pledgee or its designated person (natural or
legal person), and provide the Pledgee with all the notices, orders and decisions in relation to the Pledge which it deems necessary.

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

	6.4	The Pledgor warrants to the Pledgee that the Pledgor will comply with and perform all the warranties,
undertakings, agreements, representations and conditions hereunder. If the Pledgor fails to perform or fully perform his warranties, undertakings,
agreements, representations and conditions, the Pledgor shall indemnify the Pledgee against all the losses which may arise from such failure.

 

Article 7 Default Event

 

	7.1	Each of the following events shall be deemed as a Default Event:

 

		7.1.1	the Pledgor breaches any of his obligations under the Transaction Documents and/or this Agreement; or

 

		7.1.2	the Domestic Company breaches any of its obligations under the Transaction Documents and/or this Agreement.

 

	7.2	The Pledgor and the Domestic Company shall immediately notify the Pledgee in writing upon awareness or
discovery of the occurrence of any circumstances referred in above Article 7.1 or any event that may lead to any such circumstances.

 

	7.3	Unless a Default Event under Article 7.1 is remedied at the request of the Pledgee within twenty (20)
days after the Pledgee’s delivery of a notice to the Pledgor and/or the Domestic Company requesting a remedy thereof, the Pledgee
may at any time thereafter send a notice of default to the Pledgor in writing to request the exercise of the Pledge in accordance with
Article 8.

 

Article 8 Exercise of the Pledge

 

	8.1	The Pledgee shall issue a written notice of default to the Pledgor at the time of exercising the Pledge.

 

	8.2	Subject to Article 7.3 hereof, the Pledgor may exercise the Pledge at any time after delivery of the notice
of default as set forth in Article 8.1. When the Pledge decides to exercise the Pledge, the Pledgor shall no longer have any rights or
interests in respect of the Pledged Equity.

 

	8.3	After the delivery of the default notice as set forth in Article 8.1, the Pledgee shall have the right
to exercise all the remedies for breach of agreement to which it may be entitled under the PRC laws, the Transaction Documents and this
Agreement, including but not limited to being compensated on a preferential basis with the proceeds from the conversion, auction or sale
of the Pledged Equity. The Pledgee shall not be liable for any losses arising from its reasonable exercise of such rights and powers

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

	8.4	The proceeds from the Pledgee’s exercise of the Pledge shall be first used to pay the taxes and
expenses which become payable as a result of the disposition of the Pledged Equity, to perform the Contractual Obligations to the Pledgee,
and to repay the Secured Debts. If there is any remaining amount after payment of the foresaid sums, the Pledgee shall return such remaining
amount to the Pledgor or any other person who is entitled to such remaining amount under applicable laws and regulations, or deposit the
same with the notary public at the place where the Pledgor is located, and the Pledgor shall be solely liable for any costs and expenses
that may arise therefrom. To the extent permitted by the PRC laws, the Pledgor shall unconditionally donate such remaining sum to the
Pledgee or its designated person.

 

	8.5	The Pledgee shall have the right to select to exercise, either simultaneously or successively, any remedies
for breach of agreement available to it. The Pledgee shall not be required to exercise other remedies before it exercises its right to
get compensated on a preferential basis with the proceeds from the conversion, auction or sale of the Pledged Equity.

 

	8.6	The Pledgee has the right to designate its lawyer or other agent in writing to exercise the Pledge on
its behalf, and neither the Pledgor nor the Domestic Company may raise any objection thereto.

 

	8.7	When the Pledgee exercise the Pledge in accordance with this Agreement, the Pledgor and the Domestic Company
shall offer necessary assistance to enable the Pledgee to realize its right to the Pledge.

 

	8.8	The Pledgor shall be solely liable for any costs and expenses that may arise from the Pledgee’s
exercise of the Pledge (including an exercise by its designated lawyer or other agent).

 

Article 9 Liability for Breach of Agreement

 

	9.1	If the Pledgor or the Domestic Company commits a material breach of any terms hereunder, the Pledgee shall
have the right to terminate this Agreement and/or request the Pledgor or the Domestic Company to make compensation for the damages, and
this Article 9 shall not prejudice or impair any other rights of the Pledgee under this Agreement.

 

	9.2	Unless otherwise specified by laws, the Pledgor and the Domestic Company shall in no event have the right
to terminate or rescind this Agreement.

 

Article 10 Assignment

 

	10.1	Without the prior written consent of the Pledgee, neither the Pledgor nor the Domestic Company may donate
or transfer any of their respective rights and obligations under this Agreement.

 

	10.2	This Agreement shall be binding upon the Pledgor and his successors and permitted assignees, and shall
be effective on the Pledgor and each of his successors and permitted assignees.

 

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	10.3	The Pledgee may at any time transfer all or any of its rights and obligations in the Transaction Documents
and this Agreement to its designated person(s), in which case, the assignee(s) shall have the rights and obligations which the Pledgee
have under the Transaction Documents and this Agreement, as if such assignee(s) was an original party hereto.

 

	10.4	After a change of Pledgee as a result of a transfer or assignment, at the Pledgee’s request, the
Pledgor and/or the Domestic Company shall enter into a new equity pledge agreement with the new pledgee on the same terms and conditions
of this Agreement, and shall register such change with competent industrial and commercial authority.

 

	10.5	The Pledgor and the Domestic Company shall strictly comply with the provisions of this Agreement and other
relevant agreements individually or jointly signed by the Parties, including the Transaction Documents, perform their obligations under
the Transaction Documents, and shall refrain from any action/inaction that is sufficient to affect the validity and enforceability hereof
and thereof. Unless instructed by the Pledgee in writing, the Pledgor shall not exercise any of his remaining rights with respect to the
Pledged Equity.

 

Article 11 Termination

 

	11.1	After full and complete performance of all the Contractual Obligations and full repayment of all the Secured
Debts by the Pledgor and the Domestic Company, the Pledgee shall, at the request of the Pledgor, release the pledge of the Pledged Equity
under this Agreement as soon as reasonably practicable and cooperate with the Pledgor to deregister the equity pledge recorded in the
register of shareholders of the Domestic Company and to deregister the pledge with the competent industrial and commercial authority.

 

	11.2	The provisions of Article 9, 13 and 14 and this Article 11.2 shall survive the termination of this Agreement.

 

Article 12 Handling Charges and Other Expenses

 

	12.1	Unless otherwise specified in this Agreement, all costs and expenses actually incurred in connection with
this Agreement, including without limitation the legal fees, cost of production, stamp duty and any other taxes and expenses, shall be
solely borne by the Domestic Company.

 

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Article 13 Confidentiality Obligations

 

	13.1	The Parties acknowledge and confirm that this Agreement, its contents and any oral or written information
exchanged among the Parties in connection with the preparation and performance of this Agreement shall be deemed as confidential information.
The Parties shall maintain the confidentiality of all such confidential information, and shall not disclose any confidential information
to any third party without the written consent of the other Party or Parties, except for the information which: (a) is or becomes known
to the public (without unauthorized disclosure by the receiving Party); (b) is required to be disclosed under applicable laws or regulations,
stock trading rules or orders of governmental authorities or courts; or (c) is required to be disclosed by a Party to its shareholders,
directors, employees, legal or financial advisors for the transactions contemplated hereunder, provided that such shareholders, directors,
employees and legal or financial advisors shall be subject to the confidentiality obligations similar to those set forth in this Article.
Any disclosure of confidential information by a shareholder, director, employee or engaged agency of a Party shall be deemed as a disclosure
of such confidential information by such Party, who shall be liable for breach of contract in accordance with this Agreement.

 

Article 14 Governing Law and Dispute Resolution

 

	14.1	The conclusion, effectiveness, interpretation, performance, amendment and termination of this Agreement
and the resolution of disputes hereunder shall be governed by the laws of the PRC.

 

	14.2	In the event of any dispute arising from the
performance of this Agreement or in connection with this Agreement, any Party may submit the dispute to Shanghai International Economic
and Trade Arbitration Commission for arbitration in Shanghai in accordance with its arbitration procedures and rules then in effect. The
arbitration tribunal shall consist of three arbitrators who shall be appointed in accordance with the arbitration rules. The claimant
and the respondent shall respectively appoint one arbitrator, and the third arbitrator shall be appointed by the first two arbitrators
through negotiations. The arbitration proceedings shall be conducted in Chinese in a confidential manner. The arbitration award shall
be final and binding upon the parties thereto. In appropriate circumstances, the arbitration tribunal or arbitrators may award remedial
measures in relation to the equities or assets of the Domestic Company or the Pledgor’s assets in accordance with the dispute resolution
clause and/or applicable PRC laws, including restriction on conduct of business, restriction or prohibition of transfer or sale of equities
or assets, or proposal for the winding-up of the Domestic Company. In addition, in the course of forming the tribunal, the Pledgee shall
have the right to file an application to any court with competent jurisdiction (including courts in the PRC, Hong Kong and Cayman Islands)
for grant of temporary reliefs. 

 

	14.3	During the arbitration proceeding, the Parties shall continue to own their respective rights hereunder
and perform their respective obligations hereunder, other than those which are under dispute and subject to arbitration.

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

Article 15 Notices

 

	15.1	All notices and other communications required or given under this Agreement shall be delivered or sent
to the receiving Party by way of personal delivery, registered mail (postage prepaid), commercial courier service or facsimile. Each notice
shall also be served by email. The dates on which such notices shall be deemed to have been effectively given shall be determined as follows:

 

		15.1.1	Notices given by personal delivery (including express mail service) shall be deemed effectively given
on the day when an acknowledgement of receipt thereof is signed;

 

		15.1.2	Notices given by registered mail (postage prepaid) shall be deemed effectively given on the 15th
day after the date of the return receipt thereof;

 

		15.1.3	Notices given by way of facsimile shall be deemed effectively given on the date of transmission as shown
on the facsimile, provided that, if such facsimile is given after 5 p.m. or on a non-business day at the place of receipt, it shall be
deemed given on the business day immediately following the transmission date shown on such facsimile.

 

Article 16 Severability

 

	16.1	In the event that one or more provisions of this Agreement are held to be invalid, illegal or unenforceable
in any aspect under any laws or regulations, the validity, legality or enforceability of the remaining provisions of this Agreement shall
not be affected or impaired thereby in any aspect. The Parties shall, through negotiations in good faith, strive to replace such invalid,
illegal or unenforceable provisions with the provisions which are valid to the greatest extent permitted by laws and desired by the Parties,
and the economic effect of such valid provisions shall be as close as possible to the economic effect of those invalid, illegal or unenforceable
provisions.

 

Article 17 Miscellaneous

 

	17.1	This Agreement shall come into effect upon signature by the Parties. Any modification, supplement or amendment
to this Agreement must be made in writing and shall not become effective until it is signed by the Parties.

 

	17.2	This Agreement shall be executed in four counterparts, with each Party holding one counterpart hereof,
and the remaining counterparts shall be used for the registration of the Pledge. Each counterpart of this Agreement shall have the same
legal effect.

 

(The
Remainder of this Page is Intentionally Left Blank)

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

(Signature
Page of the Equity Pledge Agreement)

 

Party A: 

Shanghai Santeng Technology Co., Ltd. (official
seal)

 

	By:	LU Qiaoling

Its Legal or Authorized Representative

 

Signed on this 1st day of April, 2021

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

(Signature
Page of the Equity Pledge Agreement)

 

Party B: 

LI Jianxiu

 

Signature: LI Jianxiu

 

Signed on this 1st day of April, 2021

 

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    	Zhenyi Information Technology (Shanghai) Co., Ltd.	Equity Pledge Agreement

    

 

(Signature
Page of the Equity Pledge Agreement)

 

Party C: 

Zhenyi Information Technology (Shanghai) Co.,
Ltd. (official seal)

 

	By:	LU Qiaoling

Its Legal or Authorized Representative

 

Signed on this 1st day of April, 2021

 

 

52Exhibit 10.23

 

	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

 

EXCLUSIVE PURCHASE OPTION AGREEMENT

 

THIS EXCLUSIVE PURCHASE OPTION AGREEMENT (the
“Agreement”) is entered into by and between the following parties on this 1st day of April, 2021 in Shanghai, the People’s
Republic of China (hereinafter referred to as the “PRC”, and, for the purpose of this Agreement, excluding Hong Kong
SAR, Macau SAR and Taiwan):

 

Party A: Shanghai Santeng Technology Co., Ltd.
(the “WFOE”)

Legal representative: LU Qiaoling

Registered address: Room JT19736, Building No.4,
Zone B, No.925 Yecheng Road, Jiading Industrial Zone, Shanghai

 

Party B-1: LU Qiaoling

Identification No.: 370206198001304022

 

Party B-2: GUO Yiheng

Identification No.: 320502198307020534

 

Party B-3: WANG Hua

Identification No.: 320503196005062525

 

Party B-4: LI Jianxiu

Identification No.: 370221195306140022

 

Party C: Zhenyi Information Technology (Shanghai)
Co., Ltd. (the “Domestic Company”)

Legal representative: LU Qiaoling

Registered address: Room 239, Building K, No.68
Dongheyan, Chengqiao Town, Chongming District, Shanghai (Chengqiao Economic Development Zone, Shanghai)

 

In this Agreement, Party B-1, Party B-2, Party
B-3 and Party B-4 are hereinafter collectively referred to as “Party B” or the “Existing Shareholders”,
and the WFOE, the Existing Shareholders and the Domestic Company are hereinafter collectively referred to as the “Parties”
and individually a “Party”.

 

WHEREAS:

 

		1.	As of the execution date hereof, the Existing Shareholders are all the existing shareholders of the Domestic
Company. In particular, Party B-1 holds 81.5% of the equity interest in the Domestic Company, representing RMB 16.3 million of its registered
capital; Party B-2 holds 6.5% of the equity interest in the domestic company, representing RMB 1.3 million of its registered capital;
Party B-3 and Party B-4 respectively holds 6% of the equity interest therein, respectively representing RMB 1.2 million of its registered
capital.

 

		2.	The WFOE and the Existing Shareholders have entered into a Loan Contract on this 1st day of April, 2021
(hereinafter referred to as the “Loan Contract”), pursuant to which the WFOE confirms that it has offered a loan totaling
RMB 200,000 to the Existing Shareholders for the use approved by the WFOE. Please refer to Schedule 1 hereto for details of the loan.

 

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

NOW, THEREFORE, upon mutual negotiation, the Parties
hereby reach the following agreements:

  

Article 1 Sale and Purchase of Equity

 

		1.1	Grant of Option

 

The Existing Shareholders hereby irrevocably
grants to the WFOE an irrevocable exclusive right (the “Option”) to purchase, or designate one or more persons (the
“Designee”) to purchase all or any part of the equity interests then held by the Existing Shareholders in the Domestic
Company from the Existing Shareholders once or at multiple times at any time, at the price set forth in Article 1.3 hereof by following
the steps for exercise of the Option as determined at the sole discretion of the WFOE to the extent permitted by the PRC laws. Except
for WFOE and the Designee(s), no other person shall be entitled to the Option or any other rights in connection with the equity interest
of the Existing Shareholders. The Domestic Company hereby agrees to the grant of the Option by the Existing Shareholders to the WFOE.
The term “person” or “persons” referred in this sub-article and this Agreement shall mean any individuals, companies,
joint ventures, partnerships, enterprises, trusts or unincorporated organizations.

 

		1.2	Steps for Exercise of the Option

 

The exercise of the Option by the
WFOE shall be subject to the provisions of the PRC laws and regulations. When exercising the Option, the WFOE shall issue a written notice
(the “Purchase Notice”) to the Existing Shareholders, specifying: (a) the decision of the WFOE or its Designee(s) on
the exercise of the Option; (b) the portion of equity interests to be purchased from the Existing Shareholders by the WFOE (the “Purchased
Equities”); and (c) the purchase / transfer date of the Purchased Equities.

 

		1.3	Purchase Price of Equities

 

The total price for purchase of all
the equity interests held by the Existing Shareholders in the Domestic Company through the WFOE’s exercise of the Option shall be
RMB 200,000. Where the WFOE exercises the Option to purchase part of the equity interests held by the Existing Shareholders in the Domestic
Company, the purchase price shall be calculated on a pro rata basis. If the minimum price permitted by the PRC laws at the time of exercise
by the WFOE is higher than the aforesaid price, the transfer price shall be the minimum price permitted by the PRC Laws, regulations and
relevant rules (collectively, the “Purchase Price”)。

 

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

		1.4	Transfer of the Purchased Equities

 

For each exercise of the Option by
the WFOE:

 

		1.4.1	The Existing Shareholders shall cause the Domestic Company to promptly convene a shareholders’ meeting,
at which a resolution shall be adopted approving the transfer of the Purchased Equities by the Existing Shareholder to the WFOE and/or
the Designee(s);

 

		1.4.2	The Existing Shareholders shall, in respect of their transfer of the Purchased Equities to the WFOE and/or
the Designee(s), obtain written statements from the other shareholders giving consent to such transfer and waiving any right of first
refusal related thereto; and the other shareholders of the Domestic Company shall give written consent in respect of the transfer of the
Purchased Equities by the transferring shareholder to the WFOE and/or the Designee(s) and waive their right of first refusal related thereto;

 

		1.4.3	The Existing Shareholders shall execute an equity transfer contract with the WFOE and/or the Designee(s)
(as applicable) for each transfer of the equity interest in accordance with the terms of this Agreement and the Purchase Notice;

 

		1.4.4	The relevant parties shall execute all other necessary contracts, agreements or documents, obtain all
necessary governmental approvals and consents and take all necessary actions to transfer valid ownership of the Purchased Equities to
the WFOE and/or the Designee(s), free of any Security Interests, and cause the WFOE and/or the Designee(s) to become the registered owner(s)
of the Purchased Equities. For the purpose of this sub-article and this Agreement, “Security Interests” shall include
securities, mortgages, third-party rights or interests, any equity call options, acquisition rights, right of first refusal, right to
offset, retention of ownership or other security arrangements, etc.; provided that, for the purpose of clarification, any security interest
that may arise under this Agreement, the Existing Shareholders’ Equity Pledge Agreement and the Existing Shareholders’ Power
of Attorney shall be excluded. The “Existing Shareholders’ Equity Pledge Agreements” as referred in this Agreement
shall mean the equity pledge agreements to be executed by and among the WFOE, the Existing Shareholders and the Domestic Company on the
execution date hereof as well as any amendments and restatements thereof. The “Existing Shareholders’ Power of Attorney”
referred in this Agreement shall mean the power of attorney authorizing the WFOE to be executed by the Existing Shareholders on the execution
date hereof and any amendment, revision or restatement thereof.

 

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

		1.4.5	Payment

 

Whereas, the Existing
Shareholders has agreed in the Loan Contract that all incomes which they may receive from their equity interests in the Domestic Company
shall be transferred and used to repay the loans owed by the Existing Shareholders to the WFOE pursuant to the Loan Contract. Therefore,
when the WFOE exercises the Option, the WFOE may choose to pay the Purchase Price by offsetting the loans owed by the Existing Shareholders
to the WFOE; and, if the applicable laws do not require any adjustment to the Purchase Price agreed herein, the WFOE will not be required
to pay any additional price to the Existing Shareholders. Subject to relevant laws and regulations of the PRC, the Existing Shareholders
agree to refund any Purchase Price already received by them to the WFOE.

 

Article 2 Undertakings

 

		2.1	Undertakings Regarding the Domestic Company

 

The Existing Shareholders
and the Domestic Company hereby undertake that:

 

		2.1.1	without the prior written consent of the WFOE, they will not, in any way, supplement, change or amend
the articles of association of the Domestic Company, increase or decrease its registered capital, or change the structure of its registered
capital in any other form;

 

		2.1.2	they will maintain the existence of their company, obtain and maintain all the governmental licenses and
permits necessary for the Domestic Company’s conducting of its business, and prudently and effectively operate its business and
deal with its affairs, in accordance with good financial and business standards and practices; and that the Domestic Company’s annual
budget and final account shall be approved by the WFOE in writing in advance;

 

		2.1.3	without the prior written consent of the WFOE, they will not, at any time upon the effective date of this
Agreement, sell, transfer, mortgage or otherwise dispose of any equities of the subsidiaries and branches of the Domestic Company, or
allow any other Security Interest to be created thereon;

 

		2.1.4	without the prior written consent of the WFOE, they will not, at any time upon the effective date of this
Agreement, sell, transfer, mortgage or otherwise dispose of any legal or beneficial interests in the material assets (with a value exceeding
RMB 200,000), business or income of the Domestic Company and its subsidiaries and branches, or allow any other Security Interest to be
created thereon, except for expenses and disposition in the ordinary business course (including but not limited to payment of salaries
and benefits to employees, lease expenses of business premises, daily operating expenses and other expenses necessary for maintaining
the normal operation and business conduct of the company);

 

		2.1.5	without the prior written consent of the WFOE, none of the Domestic Company and its subsidiaries and branches
will incur, succeed, secure, or allow the existence of, any debt, except for accounts payable arising in the normal or ordinary business
course other than by way of loans, and debts between the Domestic Company and its subsidiaries/branches;

 

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

		2.1.6	they shall always operate all business in the normal business course to maintain the asset value of the
Domestic Company and its subsidiaries and branches, and will refrain from any action or omission that is sufficient to affect the operating
status and asset value of such companies;

 

		2.1.7	without the written consent of the WFOE, they shall not cause the Domestic Company and its subsidiaries
and branches to enter into any material contract, except for the contracts made in the ordinary business course;

 

		2.1.8	without the prior written consent of the WFOE, none of the Domestic Company and its subsidiaries and branches
will provide any person with any loan or credit (except for those provided to the wholly-owned subsidiaries of the Domestic Company);

 

		2.1.9	at the request of the WFOE, they will provide the WOFE with all information in connection with the operation
and financial condition of the Domestic Company and its subsidiaries and branches;

 

		2.1.10	if requested by the WFOE, the Domestic Company shall procure and maintain insurance for its assets and
business from an insurance carrier acceptable to the WFOE and its subsidiaries and branches, at an amount and type of coverage typical
for companies engaging in similar businesses;

 

		2.1.11	without the prior written consent of the WFOE, none of the Domestic Company and its subsidiaries and branches
shall merge or consolidate with, or acquire or invest in, any person;

 

		2.1.12	they shall immediately notify the WFOE of the occurrence or possible occurrence of any litigation, arbitration
or administrative proceedings in relation to the assets, business or income of the Domestic Company and its subsidiaries and branches;

 

		2.1.13	they shall execute all necessary or appropriate documents, take all necessary or appropriate actions,
make all necessary or appropriate claims, and raise necessary and appropriate defenses against all claims, in order for the Domestic Company
and its subsidiaries and branches to maintain the ownership of all of their assets;

 

		2.1.14	without the prior written consent of the WFOE, no dividends will be distributed to the shareholders in
any form, provided that, upon the request of the WFOE, the Domestic Company shall immediately distribute all of its distributable profits
to its shareholders;

 

		2.1.15	on basis of the WFOE’s request, they will appoint any persons designated by the WFOE as the directors,
supervisors (if applicable) and senior officers of the Domestic Company and its subsidiaries and branches;

 

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

		2.1.16	without the prior written consent, none of the Domestic Company and its subsidiaries and branches shall
engage in any business competing with those of the WFOE or its affiliated companies; and

 

		2.1.17	unless mandatorily required by the PRC laws, the Domestic Company and its subsidiaries shall not be dissolved
or liquidated without the written consent of the WFOE.

 

		2.2	Undertakings of the Existing Shareholders

 

The Existing Shareholders hereby undertake
that:

 

		2.2.1	without the prior written consent of the WFOE, they will not sell, transfer, mortgage or otherwise dispose
of any legal or beneficial interest in the equity interest in the Domestic Company owned by them, or allow any other Security Interest
to be created thereon, except for encumbrance created under the Existing Shareholders’ Equity Pledge Agreements and the Existing
Shareholders’ Power of Attorney;

 

		2.2.2	they will cause the shareholders’ meeting and/or the board of directors of the Domestic Company
not to approve the sale, transfer, mortgage or other disposition of any legal or beneficial interest in the equity interests therein held
by the Existing Shareholders, or allow any other Security Interests to be created thereon, without the prior written consent of the WFOE,
except for consents to encumbrances created under the Existing Shareholders’ Equity Pledge Agreements and the Existing Shareholders’
Power of Attorney;

 

		2.2.3	without the prior written consent of the WFOE, they shall cause the shareholders’ meeting and/or
the board of directors of the Domestic Company not to approve the merger or consolidation with, or the acquisition of or investment in,
any person;

 

		2.2.4	they will immediately notify the WFOE of the occurrence or possible occurrence of any litigation, arbitration
or administrative proceeding in connection with the equity interests owned by them;

 

		2.2.5	they will cause the shareholders’ meeting or the board of directors of the Domestic Company to vote
for the transfer of the Purchased Equities set forth in this Agreement, and take any other actions as may be requested by the WFOE;

 

		2.2.6	for the purpose of maintain their ownership of the relevant equity interests, the Existing Shareholders
will execute all necessary or appropriate documents, take all necessary or appropriate actions, make all necessary or appropriate claims,
and raise all necessary and appropriate defenses against all claims;

 

		2.2.7	at the request of the WFOE, they will appoint any persons designated by the WFOE as the directors, supervisors
(if applicable) and senior officers of the Domestic Company;

 

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

		2.2.8	the Existing Shareholders hereby waive their right of first refusal (if any) to purchase the equity interest
which may be transferred by the other shareholders of the Domestic Company to the WFOE, agree that the other shareholders of the Domestic
Company may execute the exclusive purchase option agreement, equity interest pledge agreement and power of attorney similar to this Agreement,
the Existing Shareholders’ Equity Pledge Agreements and the Existing Shareholders’ Power of Attorney with the WFOE and the
Domestic Company, and warrant that they will not take any action which may conflict with any such documents executed by the other shareholders;

 

		2.2.9	Subject to compliance with the PRC laws, the Existing Shareholders shall promptly donate any profits,
dividends, bonuses or liquidation proceeds which they may receive from the Domestic Company to the WFOE or any person designated by the
WFOE; and

 

		2.2.10	they shall strictly comply with the provisions of this Agreement and other agreements jointly or separately
executed by the Existing Shareholders, the Domestic Company and the WFOE, duly perform the obligations hereunder and thereunder, and refrain
from any action/omission that is sufficient to affect the effectiveness and enforceability of such agreements. In the event that the Existing
Shareholders have any remaining rights with respect to the equity interests hereunder or under the Existing Shareholders’ Equity
Pledge Agreements or Existing Shareholders’ Power of Attorney, the Existing Shareholders shall not exercise such rights except in
accordance with the written instructions of the WFOE.

 

Article 3 Representations and Warranties

 

		3.1	The Existing Shareholders and the Domestic Company hereby jointly and severally make the following representations
and warranties to the WFOE as of the execution date of this Agreement and each transfer date:

 

		3.1.1	They have the power, capacity and authority to execute and deliver this Agreement and any equity transfer
contract, to which they are a party, and which is made hereunder for each transfer of the Purchased Equities (each, a “Transfer
Contract”), and to perform their obligations under this Agreement and any Transfer Contract. The Existing Shareholders and the
Domestic Company agree that they will execute a Transfer Contract consistent with the terms of this Agreement upon the WFOE’s exercise
of the Option. This Agreement and each Transfer Contract to which any Existing Shareholders and the Domestic Company are a party constitute
or will constitute their legal, valid and binding obligations and shall be enforceable against them in accordance with the terms hereof
and thereof;

 

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		3.1.2	The Existing Shareholders and the Domestic Company have obtained consents and approvals (if necessary)
from the third parties and governmental authorities to execute, deliver and perform this Agreement;

 

		3.1.3	Neither their execution and delivery of this Agreement or any Transfer Contracts nor their performance
of the obligations under this Agreement or any Transfer Contracts will: (i) result in a violation of any relevant PRC laws; (ii) be in
conflict with the articles of association or other organizational documents of the Domestic Company; (iii) cause a violation of, or constitute
a breach or default under, any contracts or document to which any of them is a party or by which it may be bound; (iv) result in a violation
of any condition in connection with the grant and/or survival of any licenses or approvals issued to any of them; or (v) cause the suspension
or revocation of or imposition of additional conditions to any licenses or approvals issued to any of them;

 

		3.1.4	The Existing Shareholders have good and merchantable title to the equity interests in the Domestic Company
which they hold, and have not created any Security Interests thereon except for the Existing Shareholders’ Equity Pledge Agreements
and the Existing Shareholders’ Power of Attorney;

 

		3.1.5	Except as disclosed by the Domestic Company to the WFOE, the Domestic Company has good and merchantable
title to all of its assets, and has not created any Security Interests thereon;

 

		3.1.6	The Domestic Company has no outstanding debts, other than (i) the debt incurred in the ordinary course
of business; and (ii) the debts which have been disclosed to the WFOE and require the WFOE’s written consent pursuant to this Agreement,
and for which the WFOE’s written consent has been obtained;

 

		3.1.7	The Domestic Company is in compliance with all applicable laws and regulations in relation to asset acquisition;
and

 

		3.1.8	Except as disclosed to the WFOE, there is no pending or threatened litigation, arbitration or administrative
penalty in connection with the Domestic Company, its equities and assets.

 

Article 4 Effective Term

 

		4.1	The Parties acknowledge and confirm that this Agreement shall come into force after being officially signed
by the Parties, which means this Agreement shall be binding upon the Parties on and from April 1, 2021, whereupon the Parties shall have
all rights hereunder and perform all the obligations hereunder. This Agreement shall be terminated after all the equity interests held
by the Existing Shareholders or their successors or assignees in the Domestic Company have been lawfully transferred to the WFOE and/or
its designated person(s) in accordance with this Agreement.

 

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Article 5 Governing Law and Dispute Resolution

 

		5.1	Governing Law

 

The conclusion, effectiveness, interpretation,
performance, amendment and termination of this Agreement and the resolution of disputes hereunder shall be governed by the laws of the
PRC.

 

		5.2	Dispute Resolution

 

In the event of any dispute arising
from the performance of this Agreement or in connection with this Agreement, either Party may submit the dispute to Shanghai International
Economic and Trade Arbitration Commission for arbitration in Shanghai in accordance with its arbitration procedures and rules then in
effect. The arbitration tribunal shall consist of three arbitrators who shall be appointed in accordance with the arbitration rules. The
claimant and the respondent shall respectively appoint one arbitrator, and the third arbitrator shall be appointed by the first two arbitrators
through negotiations. Subject to provisions of the PRC laws, the arbitration tribunal or arbitrators may award remedial measures in respect
of equities or assets of the Domestic Company or assets of the Existing Shareholders in accordance with the dispute resolution clause
and/or applicable PRC laws, including restriction on conduct of business, restriction or prohibition of transfer or sale of equities or
assets, or proposal for the winding-up of the Domestic Company. In addition, in the course of forming the tribunal, Party A shall have
the right to file an application to any court with competent jurisdiction (including courts in the PRC, Hong Kong and Cayman Islands)
for grant of temporary reliefs. The arbitration proceedings shall be conducted in Chinese in a confidential manner. The arbitration award
shall be final and binding upon the parties thereto. During a pending arbitration, the Parties shall continue to own their respective
rights under this Agreement and perform their respective obligations hereunder, other than those under dispute and subject to arbitration.

 

Article 6 Taxes and Expenses

 

		6.1	Each Party shall be liable for any and all transfer and registration taxes, costs and expenses incurred
by or imposed on such Party in accordance with the PRC laws for the preparation and execution of this Agreement and each Transfer Contract
as well as the consummation of the transactions contemplated hereunder and thereunder.

 

Article 7 Notices

 

		7.1	All notices and other communications required or given under this Agreement shall be delivered or sent
to the receiving Party by way of personal delivery, registered mail (postage prepaid), commercial courier service or facsimile transmission.
Each notice shall also be served by email. The dates on which such notices shall be deemed to have been effectively given shall be determined
as follows:

 

		7.1.1	Notices given by personal delivery (including express mail service) shall be deemed effectively given
on the day when an acknowledgement of receipt thereof is signed.

 

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		7.1.2	Notices given by registered mail (postage prepaid) shall be deemed effectively given on the 15th
day after the date of the return receipt thereof.

 

		7.1.3	Notices given by way of facsimile transmission shall be deemed effectively given on the date of transmission
as shown on the facsimile, provided that, if such facsimile is given after 5 p.m. or on a non-business day at the place of receipt, it
shall be deemed given on the business day immediately following the transmission date shown on such facsimile.

 

Article 8 Confidentiality Obligation

 

		8.1	The Parties acknowledge and confirm that this Agreement, its contents and any oral or written information
exchanged among the Parties in connection with the preparation and performance of this Agreement shall be deemed as confidential information.
The Parties shall maintain the confidentiality of all such confidential information, and shall not disclose any confidential information
to any third party without the written consent of the other Party or Parties, except for the information which: (a) is or will be known
to the public (without unauthorized disclosure by the receiving Party); (b) is required to be disclosed under the applicable laws or regulations,
stock trading rules or orders of governmental authorities or courts; or (c) is required to be disclosed by a Party to its shareholders,
directors, supervisors (if any), employees, legal or financial advisors for the transactions contemplated hereunder, provided that such
shareholders, directors, supervisors (if any), employees, legal or financial advisors shall be subject to the confidentiality obligations
similar to those set forth in this Article. Any disclosure of confidential information by a shareholder, director, supervisor (if any)
or employee of a Party or any agency engaged by it shall be deemed as a disclosure of such confidential information by such Party, who
shall be liable for breach of agreement in accordance with this Agreement.

 

Article 9 Further Assurance

 

		9.1	The Parties agree to promptly execute such documents and take such further actions as may be reasonably
necessary or desirable to implement the terms and purpose of this Agreement.

 

Article 10 Liability for Breach of Agreement

 

		10.1	If any of the Existing Shareholders or the Domestic Company commits a material breach of any terms hereunder,
the WFOE shall have the right to terminate this Agreement and/or request the Existing Shareholder or the Domestic Company to make compensation
for the damages, and this Article 10 shall not prejudice or impair any other rights of the WFOE under this Agreement.

 

		10.2	Unless otherwise provided by laws, the Existing Shareholders and the Domestic Company shall in no event
have the right to terminate or rescind this Agreement.

 

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Article 11 Miscellaneous

 

		11.1	Amendment, Modification and Supplement

 

Any amendment, modification and supplement
to this Agreement shall be subject to a written agreement executed by each Party.

 

		11.2	Entire Agreement

 

Except for the written amendments,
supplements or modifications executed after the execution of this Agreement, this Agreement shall constitute the entire agreement among
the Parties with respect to the subject matter of this Agreement, and supersede all prior oral and written negotiation, representations
and agreements reached in respect of the subject matter hereof.

 

		11.3	Headings

 

The headings of this Agreement are
inserted for convenience only and shall not be used to interpret, explain or otherwise affect the meaning of the provisions of this Agreement.

 

		11.4	Severability

 

In the event that one or more provisions
of this Agreement are held to be invalid, illegal or unenforceable in any aspect under any laws or regulations, the validity, legality
or enforceability of the remaining provisions of this Agreement shall not be affected or impaired thereby in any aspect. The Parties shall,
through negotiations in good faith, strive to replace such invalid, illegal or unenforceable provisions with the provisions which are
valid to the greatest extent permitted by laws and desired by the Parties, and the economic effect of such valid provisions shall be as
close as possible to the economic effect of those invalid, illegal or unenforceable provisions.

 

		11.5	Successor

 

This Agreement shall bind on and inure
to the benefit of the Parties and their respective successors and permitted assignees.

 

		11.6	Survival

 

		11.6.1	Any obligations accruing or becoming due under this Agreement prior to the expiration or early termination
of this Agreement shall survive the expiration or early termination of this Agreement.

 

		11.6.2	The provisions of Articles 5, 8 and 10 and this Article 11.6 shall survive the termination of this Agreement.

 

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		11.7	Waiver

 

Any Party may waive the terms and
conditions of this Agreement, provided that such waiver must be made in writing and signed by all the Parties. A Party’s waiver
of any breach by another Party in certain circumstance shall not be treated as a waiver made by such Party in other circumstances in respect
of a similar breach.

 

		11.8	Language and Counterpart

 

This Agreement is made in Chinese
in five counterparts, with each Party holding one counterpart hereof, and each counterpart of this Agreement shall have the same legal
effect.

 

(THE REMAINDER
OF THIS PAGE IS INTENTIONALLY LEFT BLANK)

 

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(Signature
Page of the Exclusive Purchase Option Agreement)

  

Party A: 

 

Shanghai Santeng Technology Co.,
Ltd. (official seal)

  

	By:	LU Qiaoling	 
	 	Its Legal or Authorized
Representative	 
	 	 	 

Dated this 1st day of April, 2021

  

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

(Signature
Page of the Exclusive Purchase Option Agreement)

  

Party B-1: 

 

LU Qiaoling

  

Signature: LU Qiaoling

 

Dated this 1st day of April, 2021

 

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

(Signature
Page of the Exclusive Purchase Option Agreement)

  

Party B-2: 

 

GUO Yiheng

 

Signature: GUO Yiheng

 

Dated this 1st day of April, 2021

 

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	Zhenyi Information Technology (Shanghai) Co., Ltd.	Exclusive Purchase Option Agreement

    

 

(Signature
Page of the Exclusive Purchase Option Agreement)

  

Party B-3: 

 

WANG Hua

 

Signature: WANG Hua

 

Dated this 1st day of April, 2021

 

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(Signature
Page of the Exclusive Purchase Option Agreement)

  

Party B-4: 

 

LI Jianxiu

 

Signature: LI Jianxiu

 

Dated this 1st day of April, 2021

 

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(Signature
Page of the Exclusive Business Cooperation Agreement)

  

Party C: 

 

Zhenyi Information Technology (Shanghai)
Co., Ltd. (official seal)

 

	By:	LU Qiaoling	 
	 	Its Legal or Authorized
Representative	 
	 	 	 

Dated this 1st day of April,
2021

 

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Schedule
1Details of Loans

  

	Reference	 	Name	 	PRC Identification No.	 	Loan Amount
 (RMB)
	Party B-1	 	LU Qiaoling	 	370206198001304022	 	163,000
	Party B-2	 	GUO Yiheng	 	320502198307020534	 	13,000
	Party B-3	 	WANG Hua	 	320503196005062525	 	12,000
	Party B-4	 	LI Jianxiu	 	370221195306140022	 	12,000

 

 

19

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