<SEC-DOCUMENT>0001104659-22-077295.txt : 20220705
<SEC-HEADER>0001104659-22-077295.hdr.sgml : 20220705
<ACCEPTANCE-DATETIME>20220705160212
ACCESSION NUMBER:		0001104659-22-077295
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		6
CONFORMED PERIOD OF REPORT:	20220705
FILED AS OF DATE:		20220705
DATE AS OF CHANGE:		20220705

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MINISO Group Holding Ltd
		CENTRAL INDEX KEY:			0001815846
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-VARIETY STORES [5331]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-39601
		FILM NUMBER:		221064739

	BUSINESS ADDRESS:	
		STREET 1:		25/F, HEYE PLAZA
		STREET 2:		NO.486 KANGWANGZHONG ROAD,LIWAN DISTRICT
		CITY:			GUANGZHOU
		STATE:			F4
		ZIP:			510140
		BUSINESS PHONE:		862036228788

	MAIL ADDRESS:	
		STREET 1:		25/F, HEYE PLAZA
		STREET 2:		NO.486 KANGWANGZHONG ROAD,LIWAN DISTRICT
		CITY:			GUANGZHOU
		STATE:			F4
		ZIP:			510140
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>tm2210726d13_6k.htm
<DESCRIPTION>FORM 6-K
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WASHINGTON, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM&nbsp;6-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>REPORT OF FOREIGN PRIVATE ISSUER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>PURSUANT TO RULE 13a-16 OR 15d-16 UNDER</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE SECURITIES EXCHANGE ACT OF 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">For the month of July&nbsp;2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">Commission
File Number: </FONT>001-39601</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MINISO Group Holding Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">8F, M Plaza, No.&nbsp;109, Pazhou Avenue</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Haizhu District, Guangzhou 510000, Guangdong Province</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">The People&rsquo;s Republic of China<BR>
(Address of principal executive offices)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant files or will file annual
reports under cover of Form&nbsp;20-F or Form&nbsp;40-F.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Form&nbsp;20-F  <FONT STYLE="font-family: Wingdings">&#120;</FONT>&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;Form&nbsp;40-F <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form&nbsp;6-K
in paper as permitted by Regulation S-T Rule&nbsp;101(b)(1): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark if the registrant is submitting the Form&nbsp;6-K
in paper as permitted by Regulation S-T Rule&nbsp;101(b)(7): <FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>EXPLANATORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The exhibits to this current
report on Form&nbsp;6-K are incorporated by reference into the registration statement on Form&nbsp;F-3 of MINISO Group Holding Limited
(File No.&nbsp;333-264009) and shall be a part thereof from the date on which this report is furnished, to the extent not superseded by
documents or reports subsequently filed or furnished.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Exhibit&nbsp;Index</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><A HREF="tm2210726d13_ex1-1.htm">Exhibit&nbsp;1.1 &mdash; Form&nbsp;of International Underwriting Agreement</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><A HREF="tm2210726d13_ex1-2.htm">Exhibit&nbsp;1.2 &mdash; Hong Kong Underwriting Agreement dated June&nbsp;29, 2022</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-indent: -1in"><A HREF="tm2210726d13_ex4-1.htm">Exhibit&nbsp;4.1 &mdash; Registrant&rsquo;s Specimen Certificate for Ordinary Shares</A></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD COLSPAN="3"><B>MINISO Group Holding Limited</B></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD>
<TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
<TD STYLE="width: 50%">&nbsp;</TD>
<TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By</FONT></TD>
<TD STYLE="width: 2%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
<TD STYLE="border-bottom: Black 1pt solid; width: 43%">/s/ Saiyin Zhang</TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Saiyin Zhang</FONT></TD></TR>
<TR STYLE="vertical-align: top">
<TD>&nbsp;</TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">:</FONT></TD>
<TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director and Chief Financial Officer</FONT></TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 2in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date: July&nbsp;5, 2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<DOCUMENT>
<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>tm2210726d13_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B><I>Exhibit&nbsp;1.1</I></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MINISO Group Holding Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">36,990,000
International Offer Shares<BR>
(par value US$0.</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">0</FONT>0001 per International Offer Share)<BR>
<B>__________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>INTERNATIONAL UNDERWRITING AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">__________________________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">July&nbsp;[6],
202</FONT>2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Merrill Lynch (Asia Pacific) Limited (&ldquo;<B><U>BofA Securities</U></B>&rdquo;)<BR>
55/F, Cheung Kong Center<BR>
2 Queen&rsquo;s Road Central</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Central, Hong Kong</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Haitong International Securities Company Limited (&ldquo;<B><U>HIS</U></B>&rdquo;)<BR>
22/F, Li Po Chun Chambers<BR>
189 Des Voeux Road Central<BR>
Hong Kong</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UBS
AG Hong Kong Branch<SUP>1</SUP></FONT> (&ldquo;<B><U>UBS AG</U></B>&rdquo;)<FONT STYLE="font-family: Times New Roman, Times, Serif"><BR>
</FONT>52/F, Two International Finance Centre<BR>
8 Finance Street, Central<BR>
Hong Kong</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Merrill Lynch, HIS and UBS AG, collectively, as the joint global coordinators
(the &ldquo;Joint Global Coordinators&rdquo;) on behalf of the several International Underwriters named in <U>SCHEDULE I-B</U> hereto</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">UBS
</FONT>Securities LLC (&ldquo;<B><U>UBS Securities</U></B>&rdquo;)<BR>
1285 Avenue of the Americas, New York<BR>
New York 10019<BR>
United States</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">MINISO
Group Holding Limited</FONT>, an exempted company incorporated in the Cayman Islands with limited liability (the &ldquo;<B><U>Company</U></B>&rdquo;),
proposes, subject to the terms and conditions stated in this agreement (this &ldquo;Agreement&rdquo; or the &ldquo;International Underwriting
Agreement&rdquo;), to issue and sell to the purchasers (the &ldquo;<B><U>Subsequent Purchasers</U></B>&rdquo;) procured by the several
international underwriters named in <U>SCHEDULE I-B </U>hereto (the &ldquo;<B><U>International Underwriters</U></B>&rdquo;), or failing
which, to the International Underwriters ordinary shares of par value US$0.00001 per share to be listed on The Stock Exchange of Hong
Kong Limited (the &ldquo;<B><U>SEHK</U></B>&rdquo;) and traded in Hong Kong dollars (the &ldquo;<B><U>Shares</U></B>&rdquo;). The Company
proposes to initially issue and sell to the International Underwriters or to the Subsequent Purchasers an aggregate of 36,990,000 Shares
(the &ldquo;<B><U>Firm Shares</U></B>&rdquo;). In addition, the Company proposes to sell to the Subsequent Purchasers, or failing which,
to the International Underwriters, up to 6,165,000 additional Shares (the &ldquo;<B><U>Option Shares</U></B>&rdquo;). The Firm Shares
and the Option Shares are herein referred to collectively as the &ldquo;<B><U>International Offer Shares</U></B>.&rdquo; The offering
and sale of the International Offer Shares under this Agreement is herein referred to as the &ldquo;<B><U>International Offering</U></B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> UBS AG is incorporated in Switzerland with limited liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
</FONT>Company has entered into an agreement dated June&nbsp;29, 2022 (the &ldquo;<B><U>Hong Kong Underwriting Agreement</U></B>&rdquo;)
relating to the offering and sale by the Company to the public in the Hong Kong Special Administrative Region (&ldquo;<B><U>Hong Kong</U></B>&rdquo;)
of the People&rsquo;s Republic of China (the &ldquo;<B><U>PRC</U></B>&rdquo;) of initially an aggregate of 4,110,000 Shares (the &ldquo;<B><U>Hong
Kong Offer Shares</U></B>&rdquo;), to be underwritten through arrangements with certain underwriters in Hong Kong (the &ldquo;<B><U>Hong
Kong Underwriters</U></B>&rdquo;). The offering and sale of the Hong Kong Offer Shares is herein referred to as the &ldquo;<B><U>Hong
Kong Public Offering</U></B>.&rdquo; Except as the context may otherwise require, the International Underwriters and the Hong Kong Underwriters
are referred to herein collectively as the &ldquo;<B><U>Underwriters</U></B>&rdquo; and this Agreement and the Hong Kong Underwriting
Agreement are referred to herein collectively as the &ldquo;<B><U>Underwriting Agreements</U></B>,&rdquo; the International Offering
and the Hong Kong Public Offering are referred to herein collectively as the &ldquo;<B><U>Global Offering</U></B>,&rdquo; and the International
Offer Shares and the Hong Kong Offer Shares are referred to herein collectively as the &ldquo;<B><U>Offer Shares</U></B>.&rdquo; Anything
herein or therein to the contrary notwithstanding, the respective closings under this Agreement and the Hong Kong Underwriting Agreement
are hereby made expressly conditional on one another.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
</FONT>International Offer Shares are being offered at a price of HK$[.] per Share (the &ldquo;<B>International Offer Price</B>&rdquo;)
and the Hong Kong Offer Shares are being offered at a price of HK$[.] per Share (the &ldquo;<B>Hong Kong Offer Price</B>&rdquo;), which
is exclusive of brokerage per Share of 1.0% of the International Offer Price or the Hong Kong Offer Price, as the case may be (the &ldquo;<B><U>Brokerage</U></B>&rdquo;),
a trading fee per Share of 0.005% of the International Offer Price, or the Hong Kong Offer Price, as the case may be (the &ldquo;<B><U>Trading
Fee</U></B>&rdquo;) imposed by the SEHK, a transaction levy per Share of 0.0027% of the International Offer Price, or the Hong Kong Offer
Price, as the case may be (the &ldquo;<B><U>SFC Transaction Levy</U></B>&rdquo;) imposed by the Securities and Futures Commission of
Hong Kong (the &ldquo;<B><U>SFC</U></B>&rdquo;) and a transaction levy per Share of 0.00015% of the International Offer Price, or the
Hong Kong Offer Price, as the case may be (the &ldquo;<B><U>FRC Transaction Levy</U></B>&rdquo;) imposed by the Financial Reporting Council
of Hong Kong (the &ldquo;<B><U>FRC</U></B>&rdquo;), in each case payable by the purchasers of the International Offer Shares or Hong
Kong Offer Shares, as applicable (except in the event where the International Underwriters have to purchase Offer Shares pursuant to
their underwriting commitments under this Agreement, no Brokerage would be payable by such International Underwriters). The Trading Fee,
the SFC Transaction Levy and the FRC Transaction Levy are also payable by the Company with respect to the Offer Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
</FONT>International Underwriters and the Hong Kong Underwriters are simultaneously entering into an agreement between international
and Hong Kong underwriting syndicates (the &ldquo;<B><U>Agreement Between Syndicates</U></B>&rdquo;), which, among other things, confirms
that BofA Securities, HIS and UBS AG shall act as the Joint Global Coordinators of the Global Offering, BofA Securities, HIS, UBS AG
and UBS Securities (in relation to the International Offering only) shall act as the joint bookrunners (the &ldquo;<B><U>Joint Bookrunners</U></B>&rdquo;)
of the Global Offering, and BofA Securities, HIS, UBS AG, UBS Securities (in relation to the International Offering only), Futu Securities
International (Hong Kong) Limited and GF Securities (Hong Kong) Brokerage Limited shall act as the joint lead managers (the &ldquo;<B><U>Joint
Lead Managers</U></B>&rdquo;) of the Global Offering, and that the Joint Global Coordinators shall have the right to allocate Offer Shares
between the International Offering and the Hong Kong Public Offering. The Company hereby acknowledges the appointment of the Joint Global
Coordinators, the Joint Bookrunners and the Joint Lead Managers by the International Underwriters and/or the Hong Kong Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The obligations of each of
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the International Underwriters as stipulated in this
Agreement are several (and not joint or joint and several). None of the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead
Managers and the International Underwriters will be liable for any failure on the part of any of the other Joint Global Coordinators,
Joint Bookrunners, Joint Lead Managers or International Underwriters to perform their respective obligations under this Agreement and
no such failure shall affect the right of any of the other Joint Global Coordinators, Joint Bookrunners, Joint Lead Managers or International
Underwriters to enforce the terms of this Agreement. Notwithstanding the foregoing, each of the Joint Global Coordinators, the Joint
Bookrunners, the Joint Lead Managers and the International Underwriters shall be entitled to enforce any or all of its rights under this
Agreement either alone or jointly with the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the International
Underwriters. Some of the International Underwriters are expected to make offers and sales both inside and outside the United States
through their respective selling agents. Any offers or sales in the United States will be conducted by broker-dealers registered with
the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">An International Underwriter
can enter into sub-underwriting arrangements in respect of any part of its International Offering underwriting commitment, provided that
it cannot offer or sell any International Offer Shares in connection with any such sub-underwriting arrangements to any person in respect
of whom such offer or sale would be in contravention of applicable Laws or selling restrictions. All commissions payable for any sub-underwriting
arrangements will be borne by the relevant International Underwriter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Reference is made to a Stock
Borrowing Agreement (the &ldquo;<B><U>Stock Borrowing Agreement</U></B>&rdquo;), dated as of July&nbsp;6, 2022, between LMX MC Limited
(the &ldquo;<B><U>Lender</U></B>&rdquo;) and the Stabilizing Manager (as defined below) (the &ldquo;<B>Borrower</B>&rdquo;), pursuant
to which the Lender has agreed to lend to the Borrower up to an aggregate of up to 6,165,000 Shares during the term of Stock Borrowing
Agreement to facilitate the settlement of over-allocations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A
</FONT>prospectus dated June&nbsp;30, 2022 (the &ldquo;<B><U>Hong Kong Prospectus</U></B>&rdquo;) has been prepared and used in connection
with the Hong Kong Public Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company has prepared and filed with the U.S. Securities and Exchange Commission (the &ldquo;<B><U>Commission</U></B>&rdquo;) an &ldquo;automatic
shelf registration statement&rdquo; as defined under Rule&nbsp;405 of the U.S. Securities Act of 1933, as amended (together with the
rules&nbsp;and regulations promulgated thereunder, the &ldquo;<B><U>Securities Act</U></B>&rdquo;) on Form&nbsp;F-3 (File No.&nbsp;333-</FONT>264009)
relating to the registration of the Shares, including the Offer Shares and the borrowed shares made available for loan by the Lender
to the Borrower in accordance with the terms of the Stock Borrowing Agreement. Such registration statement, and any post-effective amendment
thereto, became effective on filing with the Commission. Such registration statement, at the time it became effective, or, if a post-effective
amendment is filed with respect thereto, as amended by such post-effective amendment at the time of its effectiveness, including the
exhibits and any schedules thereto, the documents incorporated or deemed to be incorporated by reference therein and the documents otherwise
deemed to be a part thereof at the time of effectiveness pursuant to Rule&nbsp;430A, Rule&nbsp;430B or Rule&nbsp;430C under the Securities
Act, is referred to herein as the&ldquo; <B><U>Registration Statement</U></B>&rdquo;; the base prospectus filed as part of such registration
statement, in the form in which it has most recently been filed with the Commission on or prior to the date of this Agreement, is hereinafter
called the &ldquo;<B><U>Base Prospectus</U></B>&rdquo;; any preliminary form of the prospectus (including the Base Prospectus and any
preliminary prospectus supplement) relating to the Offer Shares filed with the Commission pursuant to Rule&nbsp;424(b)&nbsp;under the
Securities Act is hereinafter called a &ldquo;<B><U>Preliminary Prospectus</U></B>&rdquo;; the Base Prospectus, as amended and supplemented
immediately prior to the Time of Sale (as defined below), is hereinafter called the &ldquo;<B><U>Pricing Prospectus</U></B>&rdquo;; the
Pricing Prospectus, as supplemented by the information and documents listed on <U>SCHEDULE II</U> hereto, is hereinafter called the &ldquo;<B><U>Pricing
Disclosure Package</U></B>&rdquo;; the Base Prospectus, as supplemented by the prospectus supplement specifically relating to the Offer
Shares in the form first used to confirm sales of the Offer Shares (or in the form first made available to the International Underwriters
by the Company to meet requests of purchasers pursuant to Rule&nbsp;173 under the Securities Act) is hereinafter called the &ldquo;<B><U>Prospectus</U></B>&rdquo;;
any reference herein to the Base Prospectus, the Pricing Prospectus, any Preliminary Prospectus or the Prospectus shall be deemed to
refer to and include the documents incorporated by reference therein; any reference to any amendment or supplement to the Registration
Statement, the Base Prospectus, any Preliminary Prospectus or the Prospectus shall be deemed to refer to and include any post-effective
amendment to the Registration Statement, any prospectus supplement relating to the Offer Shares filed with the Commission pursuant to
Rule&nbsp;424(b)&nbsp;under the Securities Act, and any documents filed or furnished by the Company under the U.S. Securities Exchange
Act of 1934, as amended (together with the rules&nbsp;and regulations promulgated thereunder, the &ldquo;<B><U>Exchange Act</U></B>&rdquo;)
and incorporated by reference therein, in each case after the date of the Base Prospectus, such Preliminary Prospectus, or the Prospectus,
as the case may be; any reference to any amendment to the Registration Statement shall be deemed to refer to and include any annual report
of the Company filed pursuant to Section&nbsp;13(a)&nbsp;or 15(d)&nbsp;of the Exchange Act after the effective date of the Registration
Statement that is incorporated by reference in the Registration Statement; any oral or written communication with potential investors
undertaken in reliance on Rule&nbsp;163B under the Securities Act is hereinafter called a &ldquo;<B><U>Testing-the-Waters Communication</U></B>&rdquo;;
any Testing-the-Waters Communication that is a written communication within the meaning of Rule&nbsp;405 under the Securities Act is
hereinafter called a &ldquo;<B><U>Written Testing-the-Waters Communication</U></B>&rdquo;; and any &ldquo;issuer free writing prospectus&rdquo;
as defined in Rule&nbsp;433 under the Securities Act relating to the Offer Shares is hereinafter called an &ldquo;<B><U>Issuer Free Writing
Prospectus</U></B>&rdquo;). For the purposes of this Agreement, the &ldquo;<B><U>Time of Sale</U></B>&rdquo; means the time when the
sales of the International Offer Shares were first made, which is [8:00 a.m.], New York City Time on the date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
</FONT>conjunction with the Global Offering, the Company has made an application for listing of the Shares on the Main Board of the SEHK.
BofA Securities, HIC and UBS Securities Hong Kong Limited are acting as the joint sponsors (the &ldquo;<B><U>Joint Sponsors</U></B>&rdquo;)
to the Company&rsquo;s application for listing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Capitalized terms used and
not defined herein shall have the meanings set forth in the Hong Kong Underwriting Agreement. The terms &ldquo;<B><U>herein</U></B>,&rdquo;
 &ldquo;<B><U>hereof</U></B>,&rdquo; &ldquo;<B><U>hereto</U></B>,&rdquo; &ldquo;<B><U>hereunder</U></B>,&rdquo; &ldquo;<B><U>hereby</U></B>,&rdquo;
 &ldquo;<B><U>hereinafter</U></B>&rdquo; and similar terms, as used in this Agreement, shall in each case refer to this Agreement as a
whole and not to any particular section, subsection, paragraph, sentence or other subdivision of this Agreement. The term &ldquo;<B><U>or</U></B>&rdquo;,
as used herein, is not exclusive, and the use of the term &ldquo;<B><U>including</U></B>&rdquo; shall be without limitation. The term
 &ldquo;<B><U>business day</U></B>,&rdquo; as used herein, shall mean a day (other than Saturday or Sunday) on which banking institutions
in the PRC, Hong Kong and New York are all open generally for normal banking business and on which the SEHK is open for business of dealing
in securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">As
used </FONT>herein, &ldquo;<B><U>Affiliate</U></B>&rdquo; has the meaning as defined in Rule&nbsp;501(b)&nbsp;under the Securities Act;
 &ldquo;<B><U>Authority</U></B>&rdquo; means any administrative, governmental or regulatory commission, board, body, authority or agency,
or any stock exchange, self-regulatory organization or other non-governmental regulatory authority, or any court, tribunal or arbitrator,
in each case whether national, central, federal, provincial, state, regional, municipal, local, domestic, foreign or supranational; &ldquo;<B><U>Encumbrance</U></B>&rdquo;
means any mortgage, charge, pledge, lien or other security interest or any option, restriction, right of first refusal, right of pre-emption
or other third party claim, right, interest or preference or any other encumbrance of any kind; &ldquo;<B><U>Laws</U></B>&rdquo; means
any and all national, central, federal, provincial, state, regional, municipal, local, domestic or foreign laws (including, without limitation,
any common law or case law), statutes, ordinances, legal codes, regulations or rules&nbsp;(including, without limitation, any and all
regulations, rules, orders, judgments, decrees, rulings, opinions, guidelines, measures, notices or circulars (in each case, whether
formally published or not and to the extent mandatory or, if not complied with, the basis for legal, administrative, regulatory or judicial
consequences) of any Authority (as defined below)); and &ldquo;<B><U>Taxes</U></B>&rdquo; or &ldquo;<B><U>Taxation</U></B>&rdquo; means
all forms of taxation whenever created, imposed or arising and whether of Hong Kong, the Cayman Islands, the PRC, the U.S. or of any
other part of the world and, without prejudice to the generality of the foregoing, includes all forms of taxation on or relating to profits,
salaries, interest and other forms of income, taxation on capital gains, sales and value added taxation, business tax, estate duty, death
duty, capital duty, stamp duty, payroll taxation, withholding taxation, rates and other taxes or charges relating to property, customs
and other import and excise duties, and generally any taxation, fee, assessment, duty, impost, levy, rate, charge or any amount payable
to taxing, revenue, customs or fiscal Authorities whether of Hong Kong, the Cayman Islands, the PRC, the U.S. or of any other part of
the world, whether by way of actual assessment, loss of allowance, withholding, deduction or credit available for relief or otherwise,
and including all interest, additions to tax, penalties or similar liabilities arising in respect of any taxation. References in this
Agreement to knowledge, information, belief or awareness or similar terms (&ldquo;<B><U>knowledge</U></B>&rdquo;) of any person shall
be treated as including but not limited to any knowledge, information, belief and awareness which the person would have had if such person
had made due and careful enquiries.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sale
and Purchase</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">Upon
                                            the basis of the representations and warranties and subject to the terms and conditions set
                                            forth herein, the Company agrees to issue and sell to the Subsequent Purchasers, or failing
                                            which, to the several International Underwriters, and each of the International Underwriters,
                                            severally (and not jointly or jointly and severally), agrees to procure purchasers for, or
                                            failing which, to purchase itself or through its Affiliates from the Company, the number
                                            of Firm Shares set forth opposite the name of such International Underwriter in <U>SCHEDULE
                                            I-B</U> hereto (subject to any reallocation by the Joint Global Coordinators of Offer Shares
                                            between the International Offering and the Hong Kong Public Offering and subject to adjustment
                                            in accordance with Section&nbsp;8 hereof), at the International Offer Price.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">In addition, the Company hereby grants
to the several International Underwriters an option (the &ldquo;<B><U>Over-allotment Option</U></B>&rdquo;) to procure purchasers for,
or failing which, to purchase themselves, and upon the basis of the representations and warranties and subject to the terms and conditions
set forth herein, the International Underwriters shall have the right, severally (and not jointly or jointly and severally), to procure
purchasers for, or failing which, to purchase themselves or through their respective Affiliates, from the Company, ratably in accordance
with the number of Firm Shares to be purchased by each of the International Underwriters or the Subsequent Purchasers procured by it
as applicable, all or a portion of the Option Shares as may be necessary to cover, among other things, over-allocations made in connection
with the offering of the Firm Shares, at the International Offer Price. The Over-allotment Option may be exercised by the Joint Global
Coordinators at their sole and absolute discretion on behalf of the several International Underwriters at any time and from time to time
on or before the expiration of the period of thirty (30) calendar days from the last day for the lodging of applications under the Hong
Kong Public Offering, by written notice, substantially in the form set forth in <U>EXHIBIT&nbsp;D</U> hereto, to the Company. Such notice
shall set forth the aggregate number of Option Shares as to which the Over-allotment Option is being exercised and the date and time
when the Option Shares are to be delivered; <I>provided, however,</I> that no such date and time of delivery of the Option Shares shall
be earlier than the First Time of Delivery (as defined in Section&nbsp;2 hereof). Upon any exercise of the Over-allotment Option, the
number of Option Shares to be purchased by the Subsequent Purchasers procured by each of the International Underwriters, or failing which,
such International Underwriter, shall be the number (subject to such adjustment as the Joint Global Coordinators may determine to avoid
fractional shares) which bears the same proportion to the total number of Option Shares being purchased by the several International
Underwriters or the Subsequent Purchasers pursuant to such exercise as the number of Firm Shares set forth opposite the name of such
International Underwriter in <U>SCHEDULE I-B</U> hereto bears to the total number of Firm Shares (subject to any reallocation by the
Joint Global Coordinators of the Offer Shares between the International Offering and the Hong Kong Public Offering), and subject to adjustment
in accordance with Section&nbsp;8 hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The Joint Global Coordinators, on behalf
of the Joint Bookrunners, the Joint Lead Managers and the International Underwriters, shall determine the manner and basis of allocation
of the International Offer Shares. Upon the authorization by the Joint Global Coordinators of the release of the Firm Shares, the several
International Underwriters propose to offer the Firm Shares for sale. The Company acknowledges and agrees that the sale of the International
Offer Shares by each International Underwriter shall be made by it either as agent of the Company under applicable Laws to procure purchasers
for the International Offer Shares (in which case the purchase obligation of such International Underwriter under this subsection (a)&nbsp;shall
be reduced <I>pro tanto</I>), or failing which, as principal to purchase the International Offer Shares itself or through its Affiliates,
and, accordingly, the Company appoints the International Underwriters as agents under applicable Laws and confers on them the powers,
authority and discretion on behalf of the Company that are necessary solely to procure purchasers for the International Offer Shares
upon the basis of the representations and warranties and subject to the terms and conditions herein set forth. In view of the foregoing,
a purchase of International Offer Shares may include a subscription for the International Offer Shares of the Company and a sale of International
Offer Shares may include an allotment of the International Offer Shares by the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">The
                                            Company and the International Underwriters agree as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">that under the direction of the Joint Global
                                            Coordinators:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">if the number of Hong Kong Offer Shares
                                            validly applied for under the Hong Kong Public Offering represents 15 times or more but less
                                            than 50 times the number of Hong Kong Offer Shares initially available under the Hong Kong
                                            Public Offering, then Firm Shares will be reallocated to the Hong Kong Public Offering from
                                            the International Offering so that the total number of Hong Kong Offer Shares available under
                                            the Hong Kong Public Offering will represent approximately 30% of the total number of Offer
                                            Shares (excluding the Option Shares);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">if the number of Hong Kong Offer Shares
                                            validly applied for under the Hong Kong Public Offering represents 50 times or more but less
                                            than 100 times the number of Hong Kong Offer Shares initially available under the Hong Kong
                                            Public Offering, then Firm Shares will be reallocated to the Hong Kong Public Offering from
                                            the International Offering so that the total number of Hong Kong Offer Shares available under
                                            the Hong Kong Public Offering will represent approximately 40% of the total number of Offer
                                            Shares (excluding the Option Shares);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">if the number of Hong Kong Offer Shares
                                            validly applied for under the Hong Kong Public Offering represents 100 times or more the
                                            number of Hong Kong Offer Shares initially available under the Hong Kong Public Offering,
                                            then Firm Shares will be reallocated to the Hong Kong Public Offering from the International
                                            Offering so that the total number of Hong Kong Offer Shares available under the Hong Kong
                                            Public Offering will represent approximately 50% of the total number of Offer Shares (excluding
                                            the Option Shares); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">subject
                                            to Clauses 1(b)(A)(i)&nbsp;through (iii)&nbsp;above, the Joint Global Coordinators, in their
                                            sole and absolute discretion, may (but shall not be obligated to) reallocate all or any of
                                            the Firm Shares from the International Offering to the Hong Kong Public Offering </FONT>to
                                            satisfy valid applications under the Hong Kong Public Offering,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">and, in each of the cases of
reallocation of Firm Shares to the Hong Kong Public Offering described in Clauses 1(b)(A)(i)&nbsp;through (iv)&nbsp;above (such
reallocated Firm Shares being referred to herein as the &ldquo;<B><U>Reallocated Shares</U></B>&rdquo;), the number of Firm Shares
available under the International Offering will be correspondingly reduced in such manner as the Joint Global Coordinators deem
appropriate, and the Reallocated Shares will be delivered to investors in the Hong Kong Public Offering specified by the Joint
Global Coordinators in the same manner and at the same time as the Hong Kong Offer Shares originally included in the Hong Kong
Public Offering; <I>provided,</I> that the International Underwriters shall be entitled to receive an amount equal to the
underwriting commission on the Reallocated Shares (which underwriting commission is to be calculated in accordance with subsection
(c)&nbsp;of this Section&nbsp;1 so that, expressed as a percentage, such commission shall be the same per Reallocated Share as per
International Offer Share) out of the amounts payable to the Company hereunder and, for the avoidance of doubt and without prejudice
to the payment by the Company of the incentive fee referred to in subsection (c)&nbsp;of this Section&nbsp;1, no
commission shall be payable by the Company to the Hong Kong Underwriters on any of the Reallocated Shares; <I>provided, further</I>,
that the International Underwriters shall have no further payment or other obligations to the Company with respect to the
Reallocated Shares; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(B)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">that
                                            the Joint Global Coordinators, in their sole and absolute discretion, may (but shall not
                                            be obligated to) reallocate all or any of the unsold Hong Kong Offer Shares in the event
                                            of a Hong Kong Public Offering Under-Subscription (as defined in the Hong Kong Underwriting
                                            Agreement) (the &ldquo;<B><U>Unsold Shares</U></B>&rdquo;) to the International Offering
                                            to one or more of the International Underwriters in such amounts as the Joint Global Coordinators
                                            and each such International Underwriter may agree, whereupon such International Underwriter
                                            shall become obligated to purchase, at the International Offer Price, the number of the Unsold
                                            Shares that are reallocated to such International Underwriter; <I>provided,</I> that such
                                            International Underwriter shall be entitled to receive an amount equal to the underwriting
                                            commission on the number of the Unsold Shares reallocated to it (which underwriting commission
                                            is to be calculated in accordance with subsection </FONT>(c)&nbsp;of this Section&nbsp;1
                                            so that, expressed as a percentage, such commission shall be the same per such reallocated
                                            Unsold Share as per International Offer Share) out of the amounts payable to the Company
                                            hereunder and, for the avoidance of doubt and without prejudice to the payment by the Company
                                            of the incentive fee referred to in subsection (c)&nbsp;of this Section&nbsp;1, no commission
                                            shall be payable by the Company to the Hong Kong Underwriters on any of the Unsold Shares
                                            reallocated to the International Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
                                            consideration of the agreement for </FONT>the International Underwriters to purchase or procure
                                            purchasers for the International Offer Shares, the Company agrees to pay to the Joint Global
                                            Coordinators (for themselves and on behalf of the International Underwriters) an underwriting
                                            commission at each Time of Delivery, equal to 3.5% of the International Offer Price (the
                                            &ldquo;<B>International Underwriters&rsquo; Commission</B>&rdquo;), for each International
                                            Offer Share (including each Unsold Share reallocated to the International Offering, each
                                            Reallocated Share reallocated to the Hong Kong Public Offering and each Option Share). The
                                            Joint Global Coordinators shall allocate the International Underwriters&rsquo; Commission
                                            among all International Underwriters in the same proportions, as nearly as may be practicable,
                                            as the percentage of Firm Shares set forth opposite the name of the relevant International
                                            Underwriter in <U>SCHEDULE I-B</U> hereto. The Company agrees to pay or cause to be paid,
                                            in respect of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated
                                            to the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International
                                            Offering under this Agreement), to the Joint Global Coordinators (for themselves and on behalf
                                            of the Hong Kong Underwriters), an underwriting commission pursuant to Clause 6.1 of the
                                            Hong Kong Underwriting Agreement (the &ldquo;<B>Hong Kong Underwriters&rsquo; Commission</B>&rdquo;).
                                            The Joint Global Coordinators shall allocate the Hong Kong Underwriters&rsquo; Commission
                                            among all Hong Kong Underwriters in the same proportions, as nearly as may be practicable,
                                            as the percentage of Hong Kong Offer Shares set forth opposite the name of the relevant Hong
                                            Kong Underwriter in <U>SCHEDULE I-C</U> hereto. Any outstanding Sponsors Fee payable to each
                                            of the Joint Sponsors (other than accrued out-of-pocket expenses) as defined in the Sponsors
                                            Engagement Letter shall be credited against the underwriting commission payable to each such
                                            Joint Sponsor or its affiliate in connection with the Global Offering pursuant to the terms
                                            of the Sponsors Engagement Letter.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In
addition, the </FONT>Company agrees to pay or cause to be paid to the Joint Global Coordinators (for themselves and on behalf of the
International Underwriters) an incentive fee equal to 1% of the aggregate International Offer Price in respect of the International
Offer Shares (including the International Offer Shares reallocated to the Hong Kong Public Offering and the Hong Kong Offer Shares
reallocated to the International Offering under this Agreement) (the &ldquo;<B>International Underwriters&rsquo; Incentive
Fee</B>&rdquo;). The Joint Global Coordinators shall allocate the International Underwriters&rsquo; Incentive Fee among all
International Underwriters in the same proportions, as nearly as may be practicable, as the percentage of Firm Shares set forth
opposite the name of the relevant International Underwriter in SCHEDULE I-B hereto. The Company agrees to pay or cause to be paid to
the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters) an incentive fee equal to 1% of the
aggregate Hong Kong Offer Price in respect of the Hong Kong Offer Shares (excluding any International Offer Shares reallocated to
the Hong Kong Public Offering and any Hong Kong Offer Shares reallocated to the International Offering under this Agreement) (the &ldquo;<B>Hong Kong Underwriters&rsquo; Incentive Fee</B>&rdquo;). The Joint Global Coordinators shall
allocate the Hong Kong Underwriters&rsquo; Incentive Fee among all Hong Kong Underwriters in the same proportions, as
nearly as may be practicable, as the percentage of Hong Kong Offer Shares set forth opposite the name of the relevant Hong Kong
Underwriter in <U>SCHEDULE I-C</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify">In
                                            connection with the Global Offering, Merrill Lynch International, to the exclusion of all
                                            others, is expected to act as stabilizing manager (the &ldquo;<B><U>Stabilizing Manager</U></B>&rdquo;)
                                            and may (but shall not be obligated to, and not as agent of the Company), to the extent permitted
                                            by applicable Laws, make purchases, over-allocate or effect transactions in the market or
                                            otherwise take such stabilizing action(s)&nbsp;(whether in Hong Kong or elsewhere) with a
                                            view to supporting the market price of the Shares at a level higher than that might otherwise
                                            prevail for a limited period after the Listing Date. The Stabilizing Manager may, in its
                                            sole and absolute discretion, appoint any person to be its agent(s)&nbsp;for the purposes
                                            of taking any stabilization actions pursuant to this subsection (d). Any such agent(s)&nbsp;shall
                                            have the rights and authorities conferred upon the Stabilizing Manager pursuant to this subsection
                                            (d). Any stabilization action taken by the Stabilizing Manager or any person acting for it
                                            as stabilizing manager shall be conducted in compliance with the Securities and Futures (Price
                                            Stabilizing) Rules&nbsp;under the Securities and Futures Ordinance and all other applicable
                                            Laws and may be discontinued at any time at the sole and absolute discretion of the Stabilizing
                                            Manager. Each of the International Underwriters (other than the Stabilizing Manager or any
                                            person acting for it) hereby undertakes severally (and not jointly or jointly and severally)
                                            to each other party (including the Stabilizing Manager) to this Agreement that it will not
                                            take or cause or authorize any person to take, and shall cause its respective Affiliates
                                            and/or agents not to take, directly or indirectly (in the open market or otherwise), any
                                            stabilization action or any action which is designed to or which constitutes or which might
                                            be expected to cause or result in the stabilization or maintenance, in violation of applicable
                                            Laws, of the price of any security of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">All liabilities, expenses and losses
arising from stabilization activities and transactions effected by the Stabilizing Manager or any person acting for it as stabilizing
manager shall be for the respective accounts of the International Underwriters in the same proportions, as nearly as may be practicable,
as the respective International Offering underwriting commitments of the International Underwriters, and may be deducted from the commissions
payable to the International Underwriters. All profits or gains arising from stabilizing activities and transactions effected by the
Stabilizing Manager or any person acting for it as stabilizing manager shall be for the respective accounts of the Joint Global Coordinators
in accordance with the proportions which their respective International Offering underwriting commitments bear to the total International
Offering underwriting commitments of the Joint Global Coordinators.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.25in">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
and Delivery</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">The
                                            deliveries and payments as described in subsection (b)&nbsp;of this Section&nbsp;2 shall
                                            be made (A)&nbsp;with respect to the Firm Shares, at or around 9:30 p.m., New York City Time
                                            on July&nbsp;12, 2022 or such other time and date as the Joint Global Coordinators and the
                                            Company may agree upon in writing, and (B)&nbsp;with respect to the Option Shares as to which
                                            the Over-allotment Option has been exercised, at or around 9:30 p.m., New York City Time
                                            on the date specified by the Joint Global Coordinators in the written notice given by the
                                            Joint Global Coordinators of their exercise on behalf of the International Underwriters of
                                            the Over-allotment Option to procure purchasers for or purchase themselves such Option Shares
                                            or such other time and date as the Joint Global Coordinators and the Company may agree upon
                                            in writing. Such time and date for delivery of, and payment for the Firm Shares is herein
                                            referred to as the &ldquo;<B><U>First Time of Delivery</U></B>&rdquo;; each time and date
                                            for delivery of, and payment for, the Option Shares, if not the First Time of Delivery, is
                                            herein referred to as an &ldquo;<B><U>Additional Time of Delivery</U></B>&rdquo;; each such
                                            time and date for delivery and payment is herein referred to as a &ldquo;<B><U>Time of Delivery</U></B>.&rdquo;
                                            The Company hereby appoints UBS AG as the settlement agent to the Global Offering (the &ldquo;<B><U>Settlement
                                            Agent</U></B>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">The
                                            International Offer Shares to be purchased by the Subsequent Purchasers or each International
                                            Underwriter hereunder (including any Unsold Shares reallocated to the International Offering
                                            to such International Underwriter pursuant to Section&nbsp;1 hereof) shall be delivered by
                                            or on behalf of the Company to the Joint Global Coordinators, in definitive form, and in
                                            such authorized denominations and registered in such names as the Joint Global Coordinators
                                            may, on behalf of such International Underwriter, request by at least two business days&rsquo;
                                            notice to the Company prior to each Time of Delivery, for dispatch or release to the purchasers
                                            of such International Offer Shares or, as the case may be, through the facilities of Hong
                                            Kong Securities Clearing Company Limited (&ldquo;<B><U>HKSCC</U></B>&rdquo;) for credit to
                                            such account or accounts in the Central Clearing and Settlement System (&ldquo;<B><U>CCASS</U></B>&rdquo;),
                                            as designated in each case by the Joint Global Coordinators on behalf of such International
                                            Underwriter, against payment by or on behalf of such International Underwriter of the aggregate
                                            International Offer Price therefor by wire transfer to such account or accounts specified
                                            by the Company by at least two business days&rsquo; notice prior to each Time of Delivery,
                                            the payment of which shall fully discharge any payment obligations of such International
                                            Underwriter and the Joint Global Coordinators to the Company in respect of the purchase of
                                            the International Offer Shares by such International Underwriter hereunder. The Company will
                                            cause the form of certificates representing the International Offer Shares to be made available
                                            for checking with respect thereto at the office of Computershare Hong Kong Investor Services
                                            Limited at least one business day prior to each Time of Delivery.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">It
                                            is understood and agreed by the parties hereto that no delivery of International Offer Shares
                                            to be issued and purchased hereunder at a Time of Delivery shall be effective unless and
                                            until (i)&nbsp;payment therefor has been made pursuant hereto and (ii)&nbsp;each of CCASS
                                            and the Company shall have furnished or caused to be furnished to the Joint Global Coordinators,
                                            on behalf of the International Underwriters, at such Time of Delivery, certificates and other
                                            evidence satisfactory to the Joint Global Coordinators of such delivery of the International
                                            Offer Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">
<TR STYLE="vertical-align: top">
  <TD STYLE="text-align: justify; width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in">(d)</TD>
  <TD STYLE="text-align: justify">At each Time of Delivery, (A) the Joint Global Coordinators shall be entitled to deduct, on behalf
of the International Underwriters, from the amounts payable to the Company hereunder at such Time of Delivery (i) the underwriting commission
payable to the International Underwriters and the incentive fee payable to the International Underwriters pursuant to Section 1 hereof,
(ii) the aggregate amounts of the Trading Fee, the SFC Transaction Levy and the FRC Transaction Levy payable by the Company, on the one
hand, and payable by the purchasers of the International Offer Shares, on the other hand, on the sale and purchase of the International
Offer Shares (including any Unsold Shares reallocated to the International Offering pursuant to Section 1 hereof), which the Joint Global
Coordinators will, on behalf of the Company, pay to the SEHK, the SFC and the FRC, as applicable, and (iii) the amounts payable by the
Company to the International Underwriters pursuant to Clauses [(a)], (n), (q), [(r)], [(s)] and (v) of Section 5 hereof, provided that
the Joint Global Coordinators shall provide [detailed] invoice for their respective out-of-pocket expenses to the Company at least one
business day before the Listing Date, and (B) the Settlement Agent shall, on behalf of the International Underwriters but subject to
receipt from the International Underwriters of the aggregate amounts of the Trading Fee and the Transaction Levy payable by purchasers
of the Firm Shares (including any Unsold Shares reallocated to the International Offering pursuant to Section 1 hereof), pay, or cause
to be paid, such amounts to the persons entitled thereto. To the extent that the amounts deducted at any Time of Delivery from the amounts
payable to the Company hereunder are insufficient to cover the amounts payable to the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the International Underwriters, as applicable, hereunder or otherwise payable by the Company hereunder, the
Company shall pay, or cause to be paid, in full the shortfall at such Time of Delivery or as soon as reasonably practicable upon demand
by the Joint Global Coordinators for themselves or on behalf of the International Underwriters (as applicable) or by the relevant party
to which the amount is payable by the Company. The Company hereby acknowledges and agrees that the International Underwriters will be
entitled to retain for their account the aggregate amount of the Brokerage payable by purchasers of the International Offer Shares (including
any Unsold Shares reallocated to the International Offering pursuant to Section 1 hereof), which shall be allocated by the Joint Global
Coordinators among the International Underwriters in the same proportions, as nearly as may be practicable, as the percentage of Firm
Shares set forth opposite the name of the relevant International Underwriter in SCHEDULE I-B hereto.</TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></TD><TD STYLE="text-align: justify">At
                                            each Time of Delivery or as soon as reasonably practicable upon demand after such Time of
                                            Delivery, to the extent that any amounts payable by the Company to the Joint Global Coordinators
                                            or the International Underwriters, as applicable, hereunder or otherwise payable by the Company
                                            hereunder are not or will not be deducted at such Time of Delivery from the amounts payable
                                            to the Company hereunder, the Company shall pay, or cause to be paid, in full such amounts
                                            to the Joint Global Coordinators for themselves or on behalf of the International Underwriters,
                                            as applicable, or to the relevant party to which the amount is payable by the Company, by
                                            wire transfer in Hong Kong dollars in immediately available funds to such account or accounts
                                            specified by the Settlement Agent, the Joint Global Coordinators or such relevant party.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></TD><TD STYLE="text-align: justify">The
                                            deliveries of the documents described in Section&nbsp;6 hereof shall be made (A)&nbsp;with
                                            respect to the Firm Shares, at or prior to the First Time of Delivery, and (B)&nbsp;with
                                            respect to the Option Shares as to which the Over-allotment Option has been exercised, at
                                            or prior to the Additional Time of Delivery of such Option Shares, in each case at the office
                                            of Sidley Austin, Level 39, Two International Finance Centre, 8 Finance Street, Central,
                                            Hong Kong (the &ldquo;<B><U>Closing Location</U></B>&rdquo;). A meeting will be held at the
                                            Closing Location at 6:00 p.m., Hong Kong Time, on the business day immediately preceding
                                            the relevant Time of Delivery, at which meeting the final drafts of the documents to be delivered
                                            pursuant to the preceding sentence will be available for review by the parties hereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties of the Company</U>. The Company represents and warrants to, and agrees with, each of the Joint Sponsors, the Joint Global
Coordinators, the Joint Bookrunners, the Joint Lead Managers and the International Underwriters as set forth in <U>SCHEDULE III</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company represents and
agrees that, without the prior consent of the Joint Global Coordinators, it has not made and will not make any offer relating to the
Offer Shares that would constitute a &ldquo;free writing prospectus&rdquo; as defined in Rule&nbsp;405 under the Securities Act; each
International Underwriter represents and agrees that, without the prior consent of the Company and the Joint Global Coordinators, it
has not made and will not make any offer relating to the Offer Shares that would constitute a free writing prospectus required to be
filed with the Commission; any such free writing prospectus the use of which has been consented to by the Company and the Joint Global
Coordinators is listed on <U>SCHEDULE II</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company has complied
and will comply with the requirements of Rule&nbsp;433 under the Securities Act applicable to any Issuer Free Writing Prospectus, including
timely filing with the Commission or retention where required and legending; the Company represents that it has satisfied and agrees
and undertakes that it will satisfy the conditions under Rule&nbsp;433 under the Securities Act to avoid a requirement to file with the
Commission any electronic roadshow.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company agrees and undertakes that if at any time following the issuance of an Issuer Free Writing Prospectus or Written Testing-the-Waters
Communication any event occurred or occurs as a result of which such Issuer Free Writing Prospectus or Written Testing-the-Waters Communication
would conflict with the information in the </FONT>Registration Statement, the Pricing Disclosure Package, or the Prospectus or would
include an untrue statement of a material fact or omit to state any material fact necessary in order to make the statements therein,
in the light of the circumstances then prevailing, not misleading, the Company will give prompt notice thereof to the Joint Global Coordinators
and, if requested by the Joint Global Coordinators, will prepare and furnish without charge to each International Underwriter an Issuer
Free Writing Prospectus, Written Testing-the-Waters Communication or other document which will correct such conflict, statement or omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company represents and
agrees that (i)&nbsp;it has not engaged in, or authorized any other person to engage in, any Testing-the-Waters Communications, other
than those with the prior consent of the Joint Global Coordinators with entities that the Company believes are qualified institutional
buyers as defined in Rule&nbsp;144A under the Securities Act or institutions that are accredited investors as defined in Rule&nbsp;501
of the Regulation D under the Securities Act; and (ii)&nbsp;it has not distributed, or authorized any other person to distribute, any
Written Testing-the-Waters Communications, other than those distributed with the prior consent of the Joint Global Coordinators; and
the Company reconfirms that the Joint Global Coordinators have been authorized to act on its behalf in engaging in Testing-the-Waters
Communications.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">In addition, any certificate
signed by any officer or director of the Company or of any of the other members of the Group and delivered to the Joint Sponsors, the
Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers or the International Underwriters or any of their counsel in
connection with the International Offering shall be deemed to be a representation and warranty by the Company, as to matters covered
thereby, to each of the Joint Sponsors, Joint Global Coordinators, Joint Bookrunners, Joint Lead Managers and International Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Certain
Covenants of the Company</U>. The Company agrees with each of the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the International Underwriters:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">to
                                            take such action as may be required by the Joint Global Coordinators and the Joint Sponsors
                                            to qualify the Offer Shares for offering and sale under the securities Laws of such jurisdictions
                                            as the Joint Global Coordinators or the Joint Sponsors may designate and comply with such
                                            Laws so as to permit the continuance of sales and dealings therein in such jurisdictions
                                            for as long as may be necessary to complete the distribution of the Offer Shares, <I>provided,
                                            however</I>, that the Company shall not be required to qualify as a foreign corporation or
                                            to consent to the service of process in any jurisdiction (except service of process with
                                            respect to the offering and sale of the Offer Shares); and to promptly advise the Joint Global
                                            Coordinators and the Joint Sponsors of the receipt by the Company of any notification with
                                            respect to the suspension of the qualification of the Offer Shares for offer or sale in any
                                            jurisdiction or the initiation or threatening of any proceeding for such purpose;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">to
                                            (A)&nbsp;promptly prepare each of the Pricing Disclosure Package and Prospectus in a form
                                            approved by the Joint Global Coordinators and the Joint Sponsors and to file such Prospectus
                                            pursuant to Rule&nbsp;424(b)&nbsp;under the Securities Act not later than the Commission&rsquo;s
                                            close of business on the second business day following the execution and delivery of this
                                            Agreement, or, if applicable, such earlier time as may be required by Rule&nbsp;430A(a)(3)&nbsp;under
                                            the Securities Act, (B)&nbsp;advise the Joint Global Coordinators and the Joint Sponsors,
                                            promptly after it receives notice thereof, of the time when any amendment to the Registration
                                            Statement has been filed or becomes effective or any amendment or supplement to the Prospectus
                                            has been filed and to furnish the Joint Global Coordinators and the Joint Sponsors with copies
                                            thereof, (C)&nbsp;file promptly all material required to be filed by the Company with the
                                            Commission pursuant to Rule&nbsp;433(d)&nbsp;under the Securities Act, and (D)&nbsp;make
                                            no further amendment or supplement to the Registration Statement or the Prospectus prior
                                            to the last Time of Delivery which shall be disapproved by the Joint Global Coordinators
                                            and the Joint Sponsors promptly after reasonable notice thereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">to
                                            furnish or make available without charge to the Joint Global Coordinators and the International
                                            Underwriters, prior to 9:00 a.m., New York City time, on the business day next succeeding
                                            the date hereof and thereafter from time to time, written and electronic copies of the Pricing
                                            Disclosure Package and the Prospectus (and of each amendment or supplement thereto if the
                                            Company shall have made any such amendment or supplement) in such quantities and in such
                                            jurisdictions as the Joint Global Coordinators or the International Underwriters may from
                                            time to time reasonably request, and, if the delivery of a prospectus (or in lieu thereof,
                                            the notice referred to in Rule&nbsp;173(a)&nbsp;under the Securities Act) is required at
                                            any time prior to the expiration of nine months after the time of issue of the Prospectus
                                            in connection with the offering or sale of the Offer Shares and if at such time any event
                                            shall have occurred as a result of which the Prospectus as then amended or supplemented would
                                            include an untrue statement of a material fact or omit to state any material fact necessary
                                            in order to make the statements therein, in the light of the circumstances under which they
                                            were made when such Prospectus (or in lieu thereof, the notice referred to in Rule&nbsp;173(a)&nbsp;under
                                            the Securities Act) is delivered, not misleading, or, if for any other reason it shall be
                                            necessary during such same period to amend or supplement the Prospectus in order to comply
                                            with the Securities Act, to notify you and upon your request to prepare and furnish without
                                            charge to each International Underwriter and to any dealer in securities as many written
                                            and electronic copies as you may from time to time reasonably request of an amended Prospectus
                                            or a supplement to the Prospectus which will correct such statement or omission or effect
                                            such compliance; and in case any Underwriter is required to deliver a prospectus (or in lieu
                                            thereof, the notice referred to in Rule&nbsp;173(a)&nbsp;under the Securities Act) in connection
                                            with sales of any of the Offer Shares at any time nine months or more after the time of issue
                                            of the Prospectus, upon your request but at the expense of such International Underwriter,
                                            to prepare and deliver to such International Underwriter as many written and electronic copies
                                            as you may request of an amended or supplemented Prospectus complying with Section&nbsp;10(a)(3)&nbsp;of
                                            the Securities Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify">to
                                            procure, subject to any waiver granted by the SEHK, that no connected person (as defined
                                            in the Listing Rules) of the Company will itself (or through a company controlled by it),
                                            apply to purchase International Offer Shares either in its own name or through nominees unless
                                            permitted to do so under the Listing Rules, and if the Company shall become aware of any
                                            application or indication of interest for International Offer Shares by any connected person,
                                            controlled company or nominee, it shall forthwith notify the Joint Sponsors and the Joint
                                            Global Coordinators (on behalf of the International Underwriters);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></TD><TD STYLE="text-align: justify">to
                                            advise the Joint Global Coordinators and the Joint Sponsors promptly if at any time prior
                                            to the later of the Option Expiration Date (as defined below) and the date on which the Joint
                                            Global Coordinators notify the Company that the distribution of the International Offer Shares
                                            is complete:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">any event shall occur or any circumstance
                                            shall exist which renders or could render untrue, inaccurate or misleading in any respect
                                            any of the representations and warranties and other statements of the Company herein; any
                                            event shall occur or any circumstance shall exist which give rise or could give rise to a
                                            claim under any of the indemnities (to the extent applicable) as contained in, or given pursuant
                                            to, this Agreement; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(B)</FONT></TD><TD STYLE="text-align: justify">any
                                            event shall occur or any circumstance shall exist which requires or could require the making
                                            of any change to the Registration Statement, the Pricing Disclosure Package, or the Prospectus
                                            so that the Registration Statement, the Pricing Disclosure Package, or the Prospectus, or
                                            any individual Supplemental Offering Material (as used herein, &ldquo;<B><U>Supplemental
                                            Offering Material</U></B>&rdquo; means any written communication (within the meaning of the
                                            Act) prepared by or on behalf of the Company, or used or referred to by the Company, that
                                            constitutes an offer to sell or a solicitation of an offer to buy the International Offer
                                            Shares, including, without limitation, all information, materials and documents issued, given
                                            or presented in any of the investor presentations and/or roadshow presentations conducted
                                            by or on behalf of the Company in connection with the Global Offering that constitute such
                                            written communication) when considered together with the Registration Statement, the Pricing
                                            Disclosure Package, or the Prospectus, would not include any untrue statement of a material
                                            fact or omit to state any material fact necessary in order to make the statements therein,
                                            in the light of the circumstances under which they were made when the Registration Statement,
                                            the Pricing Disclosure Package, or the Prospectus was delivered, not misleading; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(C)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">it
                                            shall become necessary or desirable for any other reason to amend or supplement the </FONT>Registration
                                            Statement, the Pricing Disclosure Package, or the Prospectus,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">and in each of the cases described in
Clauses (A)&nbsp;through (C)&nbsp;above, the Company shall promptly prepare, announce, issue, publish, distribute or otherwise make available,
at the Company&rsquo;s expense, amendments or supplements to the Registration Statement, the Pricing Disclosure Package, or the Prospectus
as the Joint Global Coordinators and the Joint Sponsors may require; <I>provided</I>, <I>however</I>, that any amendment or supplement
to the Registration Statement, the Pricing Disclosure Package, or the Prospectus (whether made pursuant to this subsection (e)&nbsp;or
otherwise) or any announcement, issue, publication or distribution, or delivery to investors, of such amendment or supplement or any
approval by or knowledge of the Joint Global Coordinators and/or the Joint Sponsors of such amendment or supplement, shall not in any
event and notwithstanding any other provision hereof constitute a waiver or modification of any of the conditions precedent to the obligations
of the International Underwriters as set forth in this Agreement&nbsp;or constitute a waiver or modification, or result in the loss,
of any rights hereunder of the Joint Global Coordinators or the International Underwriters, as the case may be, to terminate this Agreement
and/or seek indemnification or otherwise prejudice any other rights of the Joint Global Coordinators or the Joint Sponsors or the International
Underwriters, as the case may be, under this Agreement (in each case whether by reason of any misstatement or omission resulting in a
prior breach of any of the representations and warranties and other statements of the Company herein or otherwise) (as used herein, &ldquo;<B><U>Option
Expiration Date</U></B>&rdquo; means the date falling thirty (30) calendar days after the last day and for the lodging of applications
under the Hong Kong Public Offering, being the last day of the period during which the Over-allotment Option can be exercised pursuant
hereto);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Before
making, preparing, using, authorizing, approving, referring to or filing any Issuer Free Writing Prospectus, and before filing any amendment
or supplement to the Registration Statement, the Pricing Disclosure Package or the Prospectus, the Company will furnish to the </FONT>Joint
Global Coordinators and counsel for the Underwriters a copy of the proposed Issuer Free Writing Prospectus, amendment or supplement for
review and will not make, prepare, use, authorize, approve, refer to or file any such Issuer Free Writing Prospectus or file any such
proposed amendment or supplement to which the Joint Global Coordinators reasonably object;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></TD><TD STYLE="text-align: justify">to
                                            advise the Joint Global Coordinators promptly, confirming such advice in writing, of any
                                            request by any Authority in Hong Kong, the Cayman Islands, the PRC, or the United States
                                            or any other applicable jurisdiction for amendments or supplements to the Registration Statement,
                                            the Pricing Disclosure Package, or the Prospectus or for additional information with respect
                                            thereto, or of any notice of institution of proceedings for, or the entry of a stop or other
                                            order, suspending the qualification or exemption from qualification of any of the International
                                            Offer Shares for offering or sale in any jurisdiction, and if at any time any Authority in
                                            Hong Kong, the Cayman Islands, the PRC or the United States or any other applicable jurisdiction
                                            shall issue such stop or other order, to use its best efforts to obtain the withdrawal or
                                            lifting of such order as soon as possible;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT></TD><TD STYLE="text-align: justify">to
                                            make generally available to its security holders as soon as practicable, but in any event
                                            not later than sixteen months after the effective date of the Registration Statement (as
                                            defined in Rule&nbsp;158(c)&nbsp;under the Securities Act), an earnings statement of the
                                            Group (which need not be audited) complying with Section&nbsp;11(a)&nbsp;of the Securities
                                            Act and the rules&nbsp;and regulations of the Commission thereunder (including, at the option
                                            of the Company, Rule&nbsp;158);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT></TD><TD STYLE="text-align: justify">during
                                            a period of two years from the effective date of the Registration Statement, so long as the
                                            Company is subject to the reporting requirements of either Section&nbsp;13 or Section&nbsp;15(d)&nbsp;of
                                            the Exchange Act, to furnish to the Joint Global Coordinators copies of all reports or other
                                            communications (financial or other) furnished to shareholders, and to deliver to the Joint
                                            Global Coordinators as soon as they are available, copies of any reports and financial statements
                                            furnished to or filed with the Commission or any national securities exchange on which any
                                            class of securities of the Company is listed; and (ii)&nbsp;such additional information concerning
                                            the Company as you may from time to time reasonably request; <I>provided</I> that it is not
                                            required to furnish such reports, communications (financial or other) or financial statements
                                            to the extent they are publicly available on the website of the Company or the Commission;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">to
                                            comply with The Rules&nbsp;Governing the Listing of Securities on the SEHK (as amended from
                                            time to time) and the listing decisions, guidelines and other requirements of the SEHK (collectively,
                                            the &ldquo;<B><U>Listing Rules</U></B>&rdquo;) and/or any other applicable Law, including
                                            to disclose by way of announcement or otherwise and disseminate to the public, under certain
                                            circumstances, information affecting any estimated financial information contained in each
                                            of the Registration Statement, the Pricing Disclosure Package and the Prospectus and any
                                            information required by the SEHK, the Listing Rules&nbsp;and/or any other applicable Law
                                            or Authority to be disclosed and disseminated to the public by the Company; <I>provided,
                                            however</I>, that no such disclosure shall be made by the Company without first having been
                                            submitted to the Joint Global Coordinators and the Joint Sponsors for their review not less
                                            than two business day prior to such issuance;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT></TD><TD STYLE="text-align: justify">maintain
                                            accurate books and records and accounting and management systems that are relevant (i)&nbsp;to
                                            the obligations of the Company and its directors to comply with the Listing Rules&nbsp;and
                                            other legal regulatory requirements, in particular the financial reporting, disclosure of
                                            price sensitive information and notifiable and connected transaction requirements; and (ii)&nbsp;to
                                            make a proper assessment of the financial position and prospects of the Company and the other
                                            members of the Group, both before and after listing on the SEHK;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)</FONT></TD><TD STYLE="text-align: justify">not
                                            to, and to procure any member of the Group, and/or any of their respective directors, officers,
                                            employees, affiliates and/or agents, not to (whether directly or indirectly, formally or
                                            informally, in writing or verbally) provide any material information, including forward looking
                                            information (whether qualitative or quantitative) concerning the Company or any member of
                                            the Group that is not included in each of the Pricing Disclosure Package and the Prospectus
                                            or publicly available, to any research analyst at any time up to and including the fortieth
                                            day (40th) immediately following the date on which the Hong Kong Offer Price is determined;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT></TD><TD STYLE="text-align: justify">prior
                                            to the later of the Option Expiration Date and the date on which the Joint Global Coordinators
                                            notify the Company that the distribution of the International Offer Shares is complete, to,
                                            and to cause the other members of the Group and all other parties acting on its or their
                                            behalf to, issue no press announcement, press release or other communication directly or
                                            indirectly and hold no press conferences with respect to the Company or any other member
                                            of the Group, the financial condition results of operations, business, properties, assets
                                            or liabilities of the Company or any other member of the Group, or the offering of the Offer
                                            Shares, without the prior approval of the Joint Global Coordinators and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)</FONT></TD><TD STYLE="text-align: justify">during
                                            a period of three years from the effective date of the Registration Statement, to furnish
                                            to the Joint Global Coordinators and, upon request, to each of the other International Underwriters
                                            copies of its annual report to its shareholders, and to deliver to the Joint Global Coordinators
                                            (A)&nbsp;as soon as they are available, copies of any reports and financial statements furnished
                                            to or filed with the SEHK, the SFC, the Commission, any securities exchange on which any
                                            class of securities of the Company is listed or mailed to shareholders, and (B)&nbsp;such
                                            additional information concerning the business and financial condition of the Company as
                                            the Joint Global Coordinators may from time to time reasonably request (such financial information
                                            to be on a consolidated basis to the extent the accounts of the Company and other members
                                            of the Group are consolidated in reports furnished to the Company&rsquo;s shareholders generally
                                            or to the Commission)&#894; <I>provided, however</I>, that in each case, the Company will
                                            have no obligation to deliver such reports or other communications (financial or other) to
                                            the extent they are publicly available on the Company&rsquo;s website or the Commission&rsquo;s
                                            EDGAR system or the reporting system of such securities exchange;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)</FONT></TD><TD STYLE="text-align: justify">for
                                            so long as the Shares are outstanding, to file with the SEHK, the SFC, the Commission and
                                            any other relevant Authority in Hong Kong, the U.S. and other relevant jurisdictions, such
                                            relevant reports, documents, agreements and other information which may from time to time
                                            be required by applicable Laws to be so filed because the Shares are outstanding;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)</FONT></TD><TD STYLE="text-align: justify">at
                                            any time when the Company is not subject to Section&nbsp;13 or 15(d)&nbsp;of the Exchange
                                            Act nor exempt from reporting pursuant to Rule&nbsp;12g3-2(b)&nbsp;thereunder or not in compliance
                                            with the information furnishing requirements of Rule&nbsp;12g3-2(b)&nbsp;thereunder, for
                                            the benefit of holders from time to time of Shares, to furnish at its expense, upon request,
                                            to holders of Shares and prospective purchasers of securities information satisfying the
                                            requirements of subsection (d)(4)(i)&nbsp;of Rule&nbsp;144A under the Securities Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)</FONT></TD><TD STYLE="text-align: justify">prior
                                            to the expiration of one year after the latest Time of Delivery, not to, and not to permit
                                            any of its Affiliates to, resell any of the Shares which constitute &ldquo;restricted securities&rdquo;
                                            under Rule&nbsp;144 under the Securities Act that have been reacquired by any of them;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)</FONT></TD><TD STYLE="text-align: justify">not
                                            to be or become, at any time prior to the expiration of one year after the latest Time of
                                            Delivery, an open-end investment company, unit investment trust, closed-end investment company
                                            or face-amount certificate company that is or is required to be registered under Section&nbsp;8
                                            of the United States Investment Company Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(r)</FONT></TD><TD STYLE="text-align: justify">to
                                            apply the net proceeds from the sale of the Offer Shares in the manner set forth in the section
                                            of each of the Registration Statement, the Pricing Disclosure Package and the Prospectus
                                            headed &ldquo;Future Plans and Use of Proceeds&rdquo; and in compliance with any applicable
                                            laws, rules&nbsp;and regulations of any governmental body, agency or court having jurisdiction
                                            over the Group and to file such reports with the Commission with respect to the sale of the
                                            Offer Shares and the application of the proceeds therefrom as may be required by Rule&nbsp;463
                                            under the Securities Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(s)</FONT></TD><TD STYLE="text-align: justify">(i)&nbsp;
                                            not to attempt to avoid any judgment in connection with this Agreement obtained by it, applied
                                            to it, or denied to it in a court of competent jurisdiction outside the Cayman Islands; (ii)&nbsp;following
                                            the consummation of the Global Offering, it will use its reasonable efforts to obtain and
                                            maintain all approvals required, if any, in the Cayman Islands to pay and remit outside the
                                            Cayman Islands all dividends declared by the Company and payable on the Offer Shares; and
                                            (iii)&nbsp;it will use its reasonable efforts to obtain and maintain all approvals required,
                                            if any, in the Cayman Islands for the Company to acquire sufficient foreign exchange for
                                            the payment of dividends and all other relevant purposes;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(t)</FONT></TD><TD STYLE="text-align: justify">not
                                            to, and will not to cause any of the other members of the Group or any of its or their respective
                                            directors, officers, employees, Affiliates, agents or any person acting on its behalf or
                                            on behalf of any of foregoing persons not to, use, directly or indirectly, the proceeds from
                                            the sale of the Offer Shares, or lend, contribute or otherwise make available such proceeds
                                            to any subsidiary, joint venture partner or other person or entity (i)&nbsp;to fund or facilitate
                                            any activities of or business with any person that, at the time of such funding or facilitation,
                                            is the subject or the target of sanctions, (ii)&nbsp;to fund or facilitate any activities
                                            of or business in any Sanctioned Country (as defined herein), or (iii)&nbsp;in any other
                                            manner that will result in a violation by any person (including any person participating
                                            in the transaction, whether as underwriter, advisor, investor or otherwise) of sanctions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(u)</FONT></TD><TD STYLE="text-align: justify">except
                                            for the issue, offer or sale of the Offer Shares by the Company pursuant to the Global Offering
                                            (including pursuant to the Over-allotment Option), the issue of any Shares pursuant to the
                                            2020 Share Incentive Plan as disclosed in the Hong Kong Prospectus, during the period commencing
                                            on the date of this Agreement and ending on, and including, the date that is six months after
                                            the Listing Date (the &ldquo;<B><U>First Six-Month Period</U></B>&rdquo;), the Company hereby
                                            undertakes to each of the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners,
                                            the Joint Lead Managers and the International Underwriters not to, and to procure each other
                                            member of the Group not to, without the prior written consent of the Joint Global Coordinators
                                            (for themselves and on behalf of International Underwriters) and unless in compliance with
                                            the requirements of the Listing Rules:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(A)</FONT></TD><TD STYLE="text-align: justify">offer,
                                            allot, issue, sell, accept subscription for, offer to allot, issue or sell, contract or agree
                                            to allot, issue or sell, assign, mortgage, charge, pledge, hypothecate, hedge, lend, grant
                                            or sell any option, warrant, contract or right to subscribe for or purchase, grant or purchase
                                            any option, warrant, contract or right to allot, issue or sell, or otherwise transfer or
                                            dispose of or create an Encumbrance over, or agree to transfer or dispose of or create an
                                            Encumbrance over, either directly or indirectly, conditionally or unconditionally, or repurchase,
                                            any legal or beneficial interest in any Shares or other securities of the Company, or any
                                            interests in any of the foregoing (including, without limitation, any securities convertible
                                            into or exercisable or exchangeable for or that represent the right to receive, or any warrants
                                            or other rights to purchase, any Shares or other securities of the Company), or deposit any
                                            Shares or other securities of the Company, with a depositary in connection with the issue
                                            of depositary receipts; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(B)</FONT></TD><TD STYLE="text-align: justify">enter
                                            into any swap or other arrangement that transfers to another, in whole or in part, any of
                                            the economic consequences of subscription or ownership (legal or beneficial) of any Shares
                                            or other securities of the Company, or any interest therein (including, without limitation,
                                            any securities of which are convertible into or exchangeable or exercisable for, or represent
                                            the right to receive, or any warrants or other rights to purchase, any Shares); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(C)</TD><TD STYLE="text-align: justify">enter into any transaction with the same
                                            economic effect as any transaction specified in paragraphs (A)&nbsp;or (B)&nbsp;above; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(D)</TD><TD STYLE="text-align: justify">offer to or contract to or agree to, or
                                            publicly announce any intention to enter into any transaction described in paragraphs (A),
                                            (B)&nbsp;or (C)&nbsp;above,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify">in each case, whether any of the transactions
specified in paragraphs (A), (B)&nbsp;or (C)&nbsp;above is to be settled by delivery of Shares, in cash or otherwise (whether or not
the issue of such Shares or other securities will be completed within the First Six-month Period).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify">not
                                            to, and to cause its Affiliates or any person acting on its or their behalf (other than the
                                            International Underwriters and their respective Affiliates) not to, distribute prior to the
                                            Time of Delivery any offering material in connection with the offer and sale of the International
                                            Offer Shares other than the Registration Statement, the Pricing Disclosure Package and the
                                            Prospectus and any Supplemental Offering Material approved by the Joint Global Coordinators;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(w)</FONT></TD><TD STYLE="text-align: justify">until
                                            the Joint Global Coordinators have notified the Company of the completion of the distribution
                                            of the International Offer Shares, not to, and to cause any of the other members of the Group
                                            or any of its or their respective directors, officers, employees, Affiliates, agents or any
                                            persons acting on its behalf or on behalf of any of foregoing persons not to, either alone
                                            or with one or more other persons, do or engage in, directly or indirectly, any act or course
                                            of conduct (A)&nbsp;which creates a false or misleading impression as to the market in or
                                            the value of the Shares and any associated securities, or (B)&nbsp;the purpose of which is
                                            to create actual, or apparent, active trading in or to raise the price of the Shares, <I>provided,
                                            however</I>, that nothing in Clauses (A)&nbsp;and (B)&nbsp;above will prevent the Stabilizing
                                            Manager from engaging in transactions to stabilize the market price of the Offer Shares to
                                            the extent permitted by the Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)</FONT></TD><TD STYLE="text-align: justify">not
                                            to, and to cause any of the other members of the Group or any of its or their respective
                                            directors, officers, employees, Affiliates, agents or any person acting on its behalf or
                                            on behalf of any of the foregoing persons not to, (A)&nbsp;take or facilitate, directly or
                                            indirectly, any action which is designed to or which has constituted or which would reasonably
                                            be expected to cause or result in stabilization or manipulation of the price of any security
                                            of the Company to facilitate the sale or resale of any security of the Company or otherwise,
                                            (B)&nbsp;take, directly or indirectly, any action which would constitute a violation of the
                                            market misconduct provisions of Parts XIII and XIV of the Securities and Futures Ordinance,
                                            or (C)&nbsp;take or omit to take, directly or indirectly, any action which may result in
                                            the loss by any of the International Underwriters of the ability to rely on any stabilization
                                            safe harbor provided by the Securities and Futures (Price Stabilizing) Rules&nbsp;under the
                                            Securities and Futures Ordinance or otherwise; for the avoidance of doubt, the Stabilizing
                                            Manager may engage in transactions which stabilize the market price of the Offer Shares to
                                            the extent permitted by the Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(y)</FONT></TD><TD STYLE="text-align: justify">prior
                                            to the completion of the Global Offering as notified by the Joint Global Coordinators, without
                                            prior approval by the Joint Global Coordinators, not to, or not to procure or permit any
                                            of the other members of the Group to, (A)&nbsp;enter into or assume or otherwise agree to
                                            be bound by any contract or agreement, (B)&nbsp;incur, assume or acquire or otherwise agree
                                            to become subject to any liability, (C)&nbsp;cancel, waive, release or discount in whole
                                            or in part any debt or claim, or (D)&nbsp;acquire or dispose of or agree to acquire or dispose
                                            of any business or asset, which in each case would, or could reasonably be expected to, materially
                                            and adversely affect the Global Offering or result in a <FONT STYLE="font-size: 10pt">material
                                            adverse change, or any development involving a prospective material adverse change, on or
                                            affecting (i)&nbsp;the assets, liabilities, business, general affairs, management, prospects,
                                            shareholders&rsquo; equity, profits, losses, results of operations, business prospects, position
                                            or condition, financial or otherwise, or performance of the Company and the other members
                                            of the Group, taken as a whole (a &ldquo;</FONT><B><U>Material Adverse Effect</U></B>&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(z)</FONT></TD><TD STYLE="text-align: justify">upon
                                            request of any International Underwriter in writing, to furnish, or cause to be furnished,
                                            to such International Underwriter an electronic version of the Company&rsquo;s trademarks,
                                            service marks and corporate logo for use on the website, if any, operated by such International
                                            Underwriter for the purpose of facilitating the online offering of the Offer Shares (the
                                            &ldquo;<B><U>License</U></B>&rdquo;); <I>provided, however</I>, that the License shall be
                                            used solely for the purpose described above, is granted without any fee and may not be assigned
                                            or transferred and shall terminate upon completion of the distribution of the Offer Shares;
                                            in addition, each of the International Underwriters is permitted to use the License for the
                                            purposes of identifying the Company in such International Underwriter&rsquo;s list of completed
                                            deals posted on its website or contained in other materials prepared by such International
                                            Underwriter;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(aa)</FONT></TD><TD STYLE="text-align: justify">to
                                            have the Shares approved for listing on the SEHK by the First Time of Delivery; to maintain
                                            such listing on the Stock Exchange and will refrain from taking any action that could jeopardize
                                            the listing status, and comply with the Listing Rules&nbsp;and all requirements of the SEHK
                                            and the SFC, for at least one year after the First Time of Delivery, except following a withdrawal
                                            of such listing which has been approved by the shareholders of the Company in accordance
                                            with the Listing Rules&nbsp;and the applicable Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(bb)</FONT></TD><TD STYLE="text-align: justify">to
                                            do and perform all things required to be done and performed under this Agreement by it prior
                                            to or after each Time of Delivery and to satisfy all conditions precedent on its part to
                                            the delivery of the International Offer Shares as set forth herein;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(cc)</FONT></TD><TD STYLE="text-align: justify">to
                                            ensure that no preferential treatment has been or will be given to any placee and its associates
                                            by virtue of their relationship with the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(dd)</FONT></TD><TD STYLE="text-align: justify">to
                                            file with the Commission such information on Form&nbsp;6-K or Form&nbsp;20-F as may be required
                                            by Rule&nbsp;463 under the Securities Act;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ee)</FONT></TD><TD STYLE="text-align: justify">to
                                            conduct, and to cause the other members of the Group to conduct, its business in compliance
                                            with, all applicable anti-bribery laws and all applicable anti-money laundering laws and
                                            to continue to maintain policies and procedures designed to promote and achieve compliance
                                            with such foregoing laws, and not to engage in any dealings or transactions with any individual
                                            or entity, or in any country or territory, that at the time of the dealing or transaction
                                            is or was the subject of any Sanctions (as defined herein);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ff)</FONT></TD><TD STYLE="text-align: justify">not
                                            to, and to cause the other members of the Group and the directors, officers, employees, Affiliates,
                                            agents of the Company and the other members of the Group and any person acting on behalf
                                            of the Company or the other members of the Group or on behalf of any of the foregoing persons
                                            not to, use, directly or indirectly, any proceeds from the sale of the Offer Shares (A)&nbsp;to
                                            fund, directly or indirectly, activities or business with, or for the benefit of, any government,
                                            individual or entity that is the subject of any Sanctions (as defined here), or (B)&nbsp;in
                                            a manner that would result in a violation by any person or entity (including, any person
                                            or entity participating in the Global Offering, whether as underwriter, advisor, investor
                                            or otherwise) of any Sanctions. The Company and the other members of the Group will not engage
                                            in any dealings or transactions with any person or entity, or in any country or territory,
                                            that at the time of the dealing of transaction is the subject of any Sanctions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(gg)</FONT></TD><TD STYLE="text-align: justify">to indemnify and hold each of the Joint Sponsors, Joint Global Coordinators, Joint Bookrunners, Joint
Lead Managers and the International Underwriters and their respective Affiliates harmless against any documentary, stamp or similar issuance
or transfer Taxes and any transaction levies, commissions or brokerage charges, including, without limitation, any interest and penalties
which are or may be required to be paid in connection with the creation, allotment, issuance, offer and distribution of the Offer Shares
as contemplated in each of the Registration Statement, the Pricing Disclosure Package and the Prospectus and the execution and delivery
of this Agreement, and, in particular, to indemnify and hold each of the Joint Sponsors, Joint Global Coordinators, Joint Bookrunners,
Joint Lead Managers and the International Underwriters and their respective Affiliates harmless against the Trading Fee and Transaction
Levy, if any, which may be required to be paid in connection with the offer and sale of the Offer Shares and the listing of the Shares
on the SEHK (except where such International Underwriters purchase Offer Shares for their investment accounts). All payments to be made
by the Company hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental
charges whatsoever unless the Company is compelled by law to deduct or withhold such taxes, duties or charges. In that event, and except
for any net income, capital gains or franchise taxes imposed on the Joint Sponsors, Joint Global Coordinators, Joint Bookrunners, Joint
Lead Managers and the International Underwriters by a taxing jurisdiction as a result of any present or former connection (other than
any connection resulting solely from the transactions contemplated by this Agreement) between each of the Joint Sponsors, Joint Global
Coordinators, Joint Bookrunners, Joint Lead Managers and the International Underwriters and the jurisdiction imposing such withholding
or deductions, the Company shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding
or deduction shall equal the amounts that would have been received if no withholding or deduction had been made; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(hh)</FONT></TD><TD STYLE="text-align: justify">to ensure that any issues identified and as disclosed in any internal control report prepared by the Internal
Control Consultant have been, are being or will promptly be rectified or improved to a sufficient standard or level for the operation
and maintenance of efficient systems of internal accounting and financial reporting controls and disclosure and corporate governance controls
and procedures that are effective to perform the functions for which they were established and to allow compliance by the Company and
its board of directors with all applicable Laws and, without prejudice to the generality of the foregoing, to such standard or level recommended
or suggested by the Internal Control Consultant in its internal control report.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Covenant
of </U></FONT><U>the Company to Pay Costs</U>. The Company covenants and agrees with each of the Joint Sponsors, the Joint Global Coordinators,
the Joint Bookrunners, the Joint Lead Managers and the International Underwriters to pay or cause to be paid all costs, expenses, fees
and charges and Taxes in connection with or incidental to the Global Offering, the listing of the Shares on the Main Board of the SEHK
and this Agreement and the transactions contemplated thereby or hereby, including, without limitation, the following (where relevant,
in such amounts and subject to such terms as agreed with such parties in their respective engagement letters, services agreements or contracts):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">any outstanding payable out-of-pocket expenses payable pursuant to the Sponsors Engagement Letter;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of KPMG, the &ldquo;<B><U>Reporting Accountants</U></B>&rdquo;;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the Hong Kong Share Registrar and the White Form&nbsp;eIPO Service Provider;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of all legal advisers to the Company (including the Company&rsquo;s overseas counsels,
including without limitation, Shardul Amarchand Mangaldas&nbsp;&amp; Co, Hiswara Bunjamin&nbsp;&amp; Tandjung, Fasken Martineau Dumoulin
LLP, Morgan, Lewis&nbsp;&amp; Bockius LLP and Robertsons) and the fees and expenses of all legal advisers to the Underwriters in accordance
with the relevant engagement letters entered into between the Company and such legal advisers to the Underwriters;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of KPMG, the &ldquo;<B><U>Internal Control Consultant</U></B>&rdquo;;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of Frost&nbsp;&amp; Sullivan, the &ldquo;<B><U>Industry Consultant</U></B>&rdquo;;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of Jones Lang LaSalle Corporate Appraisal and Advisory Limited, the &ldquo;<B><U>Property
Valuer</U></B>&rdquo;;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of any public relations consultants engaged by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of any translators engaged by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the Receiving Bank and the Nominee;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the financial printer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT></TD><TD STYLE="text-align: justify">fees and expenses of other agents and advisers appointed by the Company relating to the Global Offering;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)</FONT></TD><TD STYLE="text-align: justify">fees and expenses related to the application for listing of the Shares on the SEHK, the registration of
any documents with any relevant Authority and the qualification of the Offer Shares in any jurisdiction;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)</FONT></TD><TD STYLE="text-align: justify">all printing and advertising costs in relation to the Global Offering as incurred on behalf of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">(o)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">all costs of preparing, printing, dispatch and distribution of the Offering
Documents in all relevant jurisdictions, and all amendments and supplements thereto;</FONT></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)</FONT></TD><TD STYLE="text-align: justify">all costs of preparing, printing, dispatch and distribution (including transportation, packaging and insurance)
of share certificates, letters of regret and refund cheques;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)</FONT></TD><TD STYLE="text-align: justify">the Trading Fee and the Transaction Levy payable by the Company, and all capital duty (if any), premium
duty (if any) and any other fees, charges, expenses, Taxes and levies payable, in respect of the creation, allotment, issue, sale and
delivery of the Offer Shares, and/or the execution, delivery and performance of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(r)</FONT></TD><TD STYLE="text-align: justify">all fees and expenses of conducting company searches, litigation and legal proceeding searches, bankruptcy
and insolvency searches and directorship searches in connection with the Global Offering;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(s)</FONT></TD><TD STYLE="text-align: justify">all costs and expenses related to the press conferences of the Company in relation to the International
Offering as incurred on behalf of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(t)</FONT></TD><TD STYLE="text-align: justify">all expenses and application fees incurred in connection with any filing with, and clearance of the offering
by Financial Industry Regulatory Authority,&nbsp;Inc. (&ldquo;<B><U>FINRA</U></B>&rdquo;), and the fees and disbursements of counsel for
the Underwriters in connection with, any required review by FINRA of the terms of the sale of the Offer Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(u)</FONT></TD><TD STYLE="text-align: justify">all CCASS transaction fees payable in connection with the Global Offering; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify">all fees and expenses relating to third party due diligence conducted in connection with the Global Offering
but not covered under subsection (a)&nbsp;of this Section&nbsp;5.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">It
is understood that the fees and expenses set forth above shall be reasonable and documented. If this Agreement shall be terminated
or</FONT> shall not become unconditional or, for any other reason, the Global Offering is not completed, the Company shall not be
liable to pay any underwriting commission and incentive fee under Section&nbsp;1(c), but the Company shall pay or
reimburse or cause to be paid or reimbursed all reasonable costs, expenses, fees, charges and Taxation referred to in this
Section&nbsp;5 which have been incurred or are liable to be paid by each of the Joint Global Coordinators and/or the International
Underwriters up to a maximum aggregate amount of US$200,000 for each of the Joint Global Coordinators and all other reasonable
costs, expenses, fees, charges and Taxation payable by the Company pursuant to this Section&nbsp;5, forthwith within twenty (20)
business days upon demand in writing by the Joint Global Coordinators and/or the International Underwriters or the relevant party
which incurred the costs, expenses, fees, charges and Taxation, as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Conditions
of the International Underwriters&rsquo; Obligations</U>. The several obligations of the International Underwriters hereunder are subject
to (i)&nbsp;all the respective representations and warranties and other statements herein on the part of the Company being true and accurate
in all material respects and not misleading at and as of the</FONT> Time of Sale,&nbsp;the date of the Prospectus, the date of any amendment
or supplement to the Registration Statement, the Pricing Disclosure Package and the Prospectus subsequent to the Time of Sale, the First
Time of Delivery and, if applicable, each Additional Time of Delivery, (ii)&nbsp;the performance by the Company of all their respective
obligations and undertakings hereunder and (iii)&nbsp;the following additional conditions precedent; <I>provided, however</I>, that the
Joint Global Coordinators may, in their sole and absolute discretion, waive or modify in favor of the Company (with or without condition(s)&nbsp;attached)
any condition precedent set forth in this Section&nbsp;6:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">the Prospectus shall have been filed with the Commission pursuant to Rule&nbsp;424(b)&nbsp;under the Securities
Act within the applicable time period prescribed for such filing by the rules&nbsp;and regulations under the Securities Act; all materials
required to be filed by the Company pursuant to Rule&nbsp;433(d)&nbsp;under the Securities Act shall have been filed with the Commission
within the applicable time period prescribed for such filing by Rule&nbsp;433; no stop order suspending the effectiveness of the Registration
Statement or any part thereof, or any post-effective amendment to the Registration Statement, shall have been issued and no proceeding
for that purpose shall have been initiated or threatened by the Commission; no stop order suspending or preventing the use of the Registration
Statement, the Preliminary Prospectus, the Pricing Prospectus, the Prospectus or any Issuer Free Writing Prospectus shall have been initiated
or threatened by the Commission and no notice of objection of the Commission to the use of the Registration Statement or any post-effective
amendment thereto pursuant to Rule&nbsp;401(g)(2)&nbsp;under the Securities Act shall have been received; and all requests for additional
information on the part of the Commission shall have been complied with to the reasonable satisfaction of the Joint Global Coordinators
and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">the Company shall, at the First Time of Delivery and, if applicable, at each Additional Time of Delivery,
have delivered to the Joint Global Coordinators and the Joint Sponsors a certificate of its Chief Executive Officer, dated the First Time
of Delivery or such Additional Time of Delivery, as the case may be, with executed originals for each of the Joint Global Coordinators
and the Joint Sponsors, in the form set forth in EXHIBIT&nbsp;A hereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">the Company shall, on the date of this Agreement, at the First Time of Delivery and, if applicable, at
each Additional Time of Delivery, have delivered to the Joint Global Coordinators and the Joint Sponsors a certificate of its Chief Executive
Officer and Chief Financial Officer, dated the date hereof, the First Time of Delivery or such Additional Time of Delivery, as the case
may be, with executed originals for each of the Joint Global Coordinators and the Joint Sponsors, in the form set forth in 0 hereto and
in substance satisfactory to the Joint Global Coordinators and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify">the Company shall, at the First Time of Delivery and, if applicable, at each Additional Time of Delivery,
have delivered to the Joint Global Coordinators and the Joint Sponsors a certificate of its joint company secretary, dated the First Time
of Delivery or such Additional Time of Delivery, as the case may be, with executed originals for each of the Joint Global Coordinators
and the Joint Sponsors, in the form set forth in <U>EXHIBIT&nbsp;C</U> hereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></TD><TD STYLE="text-align: justify">Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP, counsel for the Company as to U.S. Laws, shall have
furnished to the Joint Global Coordinators and the Joint Sponsors at the First Time of Delivery and, if applicable, at each Additional
Time of Delivery, a corporate legal opinion and a tax legal opinion addressed to the Company, the Joint Global Coordinators and the International
Underwriters, dated the First Time of Delivery or such Additional Time of Delivery, as the case may be, with executed originals for each
of the Joint Global Coordinators, in form and substance satisfactory to the Joint Global Coordinators;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></TD><TD STYLE="text-align: justify">Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP, counsel for the Company as to U.S. Laws, shall have
furnished to the Joint Global Coordinators and the Joint Sponsors at the First Time of Delivery and, if applicable, at each Additional
Time of Delivery, a Rule&nbsp;10b-5 disclosure letter addressed to the Joint Global Coordinators and the International Underwriters, dated
the First Time of Delivery or such Additional Time of Delivery, as the case may be, with executed originals for each of the Joint Global
Coordinators, in form and substance satisfactory to the Joint Global Coordinators;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT></TD><TD STYLE="text-align: justify">Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom LLP and affiliates, counsel for the Company as to Hong Kong
Laws, shall have furnished to the Joint Global Coordinators and the Joint Sponsors at the First Time of Delivery and, if applicable, at
each Additional Time of Delivery, a legal opinion addressed to the Joint Global Coordinators and the Joint Sponsors and the Hong Kong
Underwriters, dated the First Time of Delivery or such Additional Time of Delivery, as the case may be, with executed originals for each
of the Joint Global Coordinators and the Joint Sponsors, in form and substance satisfactory to the Joint Global Coordinators and the Joint
Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT></TD><TD STYLE="text-align: justify">JunHe LLP, counsel for the Company as to PRC Laws, shall have furnished to the Company at the First Time
of Delivery and, if applicable, at each Additional Time of Delivery, a legal opinion and a data compliance and cybersecurity legal opinion
addressed to the Company, expressly authorizing disclosure of such opinion to, and reliance on such opinion by, the Joint Global Coordinators
and the Joint Sponsors, dated the First Time of Delivery or such Additional Time of Delivery, as the case may be, with executed originals
for each of the Joint Global Coordinators and the Joint Sponsors, in form and substance satisfactory to the Joint Global Coordinators
and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">Maples and Calder (Hong Kong) LLP, counsel for the Company as to Cayman Islands Laws, shall have furnished
to the Joint Global Coordinators and the Joint Sponsors at the First Time of Delivery and, if applicable, at each Additional Time of Delivery,
a legal opinion addressed to the Company, the Joint Global Coordinators and the Joint Sponsors, dated the First Time of Delivery or such
Additional Time of Delivery, as the case may be, with executed originals for each of the Joint Global Coordinators and the Joint Sponsors,
in form and substance satisfactory to the Joint Global Coordinators and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(j)</FONT></TD><TD STYLE="text-align: justify">Sidley Austin, counsel for the International Underwriters as to U.S. Laws, shall have furnished to the
Joint Global Coordinators at the First Time of Delivery and, if applicable, at each Additional Time of Delivery, a legal opinion and rule&nbsp;10b-5
disclosure letter addressed to the Joint Global Coordinators, dated the First Time of Delivery or such Additional Time of Delivery, as
the case may be, with executed originals for each of the Joint Global Coordinators, in form and substance satisfactory to the Joint Global
Coordinators;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(k)</FONT></TD><TD STYLE="text-align: justify">Sidley Austin, counsel for the International Underwriters as to Hong Kong Laws, shall have furnished to
the Joint Global Coordinators, the Joint Sponsors and the Underwriters at the First Time of Delivery and, if applicable, at each Additional
Time of Delivery, a legal opinion addressed to the Joint Global Coordinators, the Joint Sponsors and the Underwriters, dated the First
Time of Delivery or such Additional Time of Delivery, as the case may be, with executed originals for each of the Joint Global Coordinators
and the Joint Sponsors, in form and substance satisfactory to the Joint Global Coordinators and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(l)</FONT></TD><TD STYLE="text-align: justify">Zhong Lun Law Firm, counsel for the International Underwriters as to PRC Laws, shall have furnished to
the Joint Global Coordinators and the Joint Sponsors at the First Time of Delivery and, if applicable, at each Additional Time of Delivery,
a legal opinion addressed to the Joint Global Coordinators and the Joint Sponsors, dated the First Time of Delivery or such Additional
Time of Delivery, as the case may be, with executed originals for each of the Joint Sponsors and the Joint Global Coordinators, in form
and substance satisfactory to the Joint Global Coordinators and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(m)</FONT></TD><TD STYLE="text-align: justify">legal opinions (together with the due diligence reports) from Shardul Amarchand Mangaldas&nbsp;&amp; Co,
the Company&rsquo;s legal adviser as to Indian law, Hiswara Bunjamin&nbsp;&amp; Tandjung, the Company&rsquo;s legal adviser as to Indonesian
law, Fasken Martineau DuMoulin LLP, the Company&rsquo;s legal adviser as to Canadian law, Morgan, Lewis&nbsp;&amp; Bockius LLP, the Company&rsquo;s
legal adviser as to United States law, and Robertsons, the Company&rsquo;s legal adviser as to Hong Kong law, furnished to the Joint Global
Coordinators and the Joint Sponsors at the First Time of Delivery and, if applicable, at each Additional Time of Delivery, addressed to
the Company, the Joint Global Coordinators and Joint Sponsors, dated the First Time of Delivery or such Additional Time of Delivery, as
the case may be, with executed originals for each of the Joint Global Coordinators and the Joint Sponsors, in form and substance satisfactory
to the Joint Global Coordinators and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(n)</FONT></TD><TD STYLE="text-align: justify">the Joint Global Coordinators and the Joint Sponsors shall have received from the Reporting Accountants
letters dated, respectively, the date of this Agreement, the First Time of Delivery and, if applicable, each Additional Time of Delivery,
addressed to the Joint Global Coordinators (on behalf of the International Underwriters), with executed originals for each of the Joint
Global Coordinators, in form and substance satisfactory to the Joint Global Coordinators, containing statements and information of the
type ordinarily included in accountants&rsquo; &ldquo;comfort letters&rdquo; to underwriters with respect to the financial statements
and certain financial information contained in each of the Registration Statement, the Pricing Disclosure Package, any Issuer Free Writing
Prospectus and the Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(o)</FONT></TD><TD STYLE="text-align: justify">the Lender shall have entered into the Stock Borrowing Agreement as of the date hereof, and the Borrower
shall have received executed copies thereof;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(p)</FONT></TD><TD STYLE="text-align: justify">the Company shall have furnished or caused to be furnished to the Joint Global Coordinators and the Joint
Sponsors such other information, documents and certificates as to the accuracy and completeness of any statement in each of the Registration
Statement, the Pricing Disclosure Package, the Issuer Free Writing Prospectus and the Prospectus at and as of the First Time of Delivery
and, if applicable, each Additional Time of Delivery, as the Joint Global Coordinators and the Joint Sponsors may request;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(q)</FONT></TD><TD STYLE="text-align: justify">no Preliminary Prospectus,&nbsp;Issuer Free Writing Prospectus, the Pricing Disclosure Package or Prospectus
or amendment or supplement to the Registration Statement, the Preliminary Prospectus, the Pricing Disclosure Package, and the Prospectus
shall have been announced, issued, published or delivered to investors or filed with the Commission without prior written approval by
the Joint Global Coordinators;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(r)</FONT></TD><TD STYLE="text-align: justify">prior to and at the First Time of Delivery and, if applicable, each Additional Time of Delivery, none
of the Registration Statement, the Pricing Disclosure Package, the Prospectus shall include an untrue statement of a material fact or
omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances under which they are
made, not misleading;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(s)</FONT></TD><TD STYLE="text-align: justify">none of the directors of the Company has revoked or withdrawn the authority and confirmations in the responsibility
letter, statement of interests and power of attorney issued by him or her to the Company and the Joint Sponsors, and such authority and
confirmations remain in full force and effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(t)</FONT></TD><TD STYLE="text-align: justify">none of the Joint Sponsors, the Reporting Accountants, JunHe LLP, Maples and Calder (Hong Kong) LLP, the
Industry Consultant and the Property Valuer has withdrawn its consent to the issue of each of the Registration Statement, the Pricing
Disclosure Package and the Prospectus with the inclusion of its reports, letters, summaries of valuations and legal opinions (as the case
may be) and references to its name included in the form and context in which it appears in the Registration Statement, the Pricing Disclosure
Package and the Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(u)</FONT></TD><TD STYLE="text-align: justify">the Company shall have obtained approval from the SEHK granting the listing of, and permission to deal
in, the Shares on the SEHK, and such approval shall not have been revoked or suspended;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(v)</FONT></TD><TD STYLE="text-align: justify">the Hong Kong Underwriting Agreement shall have been executed by the parties thereto and shall have become
unconditional and not have been terminated, voided or otherwise ceased to have effect, and the Hong Kong Public Offering contemplated
by the Hong Kong Underwriting Agreement shall have become unconditional and shall be closing substantially and concurrently with the closing
contemplated hereunder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(w)</FONT></TD><TD STYLE="text-align: justify">(i)&nbsp;neither the Company nor any other member of the Group shall have sustained, since the date of
the latest audited financial statements included in the Registration Statement, the Pricing Disclosure Package and the Prospectus any
loss liabilities, damages, payments, costs, charges, expenses, claims and Taxation or interference with its business from fire, explosion,
flood, windstorm, earthquake or other calamity, whether or not covered by insurance, or from any labor dispute or court or governmental
action, order or decree, and (ii)&nbsp;since the respective dates as of which information is given in the Registration Statement, the
Pricing Disclosure Package and the Prospectus there shall not have been any change in the share capital or long-term debt of the Company
or any other member of the Group or any material adverse change or effect, or any development involving a prospective change or effect,
in or affecting (x)&nbsp;the business, properties, general affairs, management, financial position, shareholders&rsquo; equity, results
of operations or prospects of the Company and the other members of the Group, taken as a whole, or (y)&nbsp;the ability of the Company
to perform its obligations under this Agreement, including the issuance and sale of the Offer Shares, or to consummate the transactions
contemplated in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the effect of which, in any such case described
in Clause (i)&nbsp;or (ii), is in the judgment of the Joint Global Coordinators so material and adverse as to make it impracticable or
inadvisable to proceed with the Global Offering or the delivery of the Offer Shares being delivered at such Time of Delivery on the terms
and in the manner contemplated in the Registration Statement, the Pricing Disclosure Package and the Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)</FONT></TD><TD STYLE="text-align: justify">on or after the Time of Sale there shall not have occurred any of the following: (i)&nbsp;a suspension
or material limitation in trading in securities generally on the New York Stock Exchange, the Nasdaq Stock Market or the SEHK; (ii)&nbsp;a
suspension or material limitation in trading in the Company&rsquo;s securities on the New York Stock Exchange; (iii)&nbsp;a general moratorium
on commercial banking activities declared by either Federal or New York State authorities, or Hong Kong or the PRC authorities, or a material
disruption in commercial banking or securities settlement or clearance services in the United States, Hong Kong or the PRC; (iv)&nbsp;the
imposition of the proposal of exchange controls by any Authority in Hong Kong or the PRC; (v)&nbsp;the outbreak or escalation of hostilities
involving the United States or the PRC or the declaration by the United States or the PRC of a national emergency or war, or (vi)&nbsp;the
occurrence of any other calamity or crisis or any material adverse change in financial, political or economic conditions in the United
States, Hong Kong, the PRC or the Cayman Islands or elsewhere, if the effect of any such event specified in Clause (v)&nbsp;or (vi)&nbsp;in
the judgment of the Joint Global Coordinators makes it impracticable or inadvisable to proceed with the public offering or the delivery
of the Offer Shares being delivered at such Time of Delivery on the terms and in the manner contemplated in the Registration Statement,
the Pricing Disclosure Package and the Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(y)</FONT></TD><TD STYLE="text-align: justify">arrangements satisfactory to the Joint Global Coordinators shall have been made for the payment and reimbursement
out of the proceeds of the Global Offering to the Joint Global Coordinators and the International Underwriters of all commissions, fees
and expenses contemplated to be paid or reimbursed by the Company to the Joint Global Coordinators and the International Underwriters
hereunder;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(z)</FONT></TD><TD STYLE="text-align: justify">subsequent to the respective dates of which information is given in the Registration Statement, the Pricing
Disclosure Package and the Prospectus, the Company shall not have purchased any of its issued share capital, nor declared, paid or otherwise
made any dividend or distribution of any kind on its capital of any class, nor transferred or distributed any cash or other assets to
any third party or Affiliate.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">7.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Effective
Date of Agreement; Termination</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">This Agreement shall become effective when the parties hereto have executed and delivered this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">This Agreement shall terminate without further act or deed if any of the conditions precedent to the obligations
of the International Underwriters hereunder, as set forth in Section&nbsp;6 hereof, shall not have been satisfied when and as required
by this Agreement to be satisfied (unless otherwise waived or modified by the Joint Global Coordinators).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">In addition, the Joint Global Coordinators (for themselves and on behalf of the International Underwriters),
in their sole and absolute discretion, shall be entitled by notice to the Company to terminate this Agreement with immediate effect if
any of the following events shall occur at any time prior to 8:00 a.m.&nbsp;on the Time of Delivery:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(A)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">there shall </FONT>develop,
occur, exist or come into effect:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any event, or series of events,
in the nature of force majeure (including, without limitation, any acts of government, declaration of a local, regional, national or international
emergency or war, calamity, crisis, epidemic, pandemic, large-scale outbreaks, escalation, aggravation of diseases (including, without
limitation, COVID-19, Severe Acute Respiratory Syndrome (SARS), swine or avian flu, H5N1, H1N1, H7N9, Ebola virus, Middle East respiratory
syndrome (MERS) and such related/mutated forms), economic sanctions, strikes, labor disputes, lock-outs, fire, explosion, flooding, tsunami,
earthquake, volcanic eruption, civil commotion, riots, rebellion, public disorder, acts of war, outbreak or escalation of hostilities
(whether or not war is declared), acts of God or acts of terrorism (whether or not responsibility has been claimed)) in or </FONT>affecting
Hong Kong, the PRC, the Cayman Islands, the United States, Canada,&nbsp;Indonesia,&nbsp;India, the United Kingdom, the European Union
(or any member thereof), Japan or Singapore (collectively, the &ldquo;<B><U>Relevant Jurisdictions</U></B>&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">any change or development involving a prospective change, or any event or circumstances or series of events
likely to result in any change or development involving a prospective change, in any local, national, regional or international financial,
economic, political, military, industrial, legal, fiscal, regulatory, currency, credit or market matters or conditions, equity securities
or exchange control or any monetary or trading settlement system or other financial markets (including, without limitation, conditions
in the stock and bond markets, money and foreign exchange markets, the interbank markets and credit markets), in or affecting any of the
Relevant Jurisdictions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iii)</FONT></TD><TD STYLE="text-align: justify">any moratorium, suspension or restriction (including, without limitation, any imposition of or requirement
for any minimum or maximum price limit or price range) in or on trading in securities generally on the SEHK, the NYSE, the NASDAQ Stock
Market, the London Stock Exchange, the Shanghai Stock Exchange, the Shenzhen Stock Exchange or Tokyo Stock Exchange;</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">a suspension or material limitation in trading of the Company&rsquo;s securities on the NYSE;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">any general moratorium on commercial banking activities in or affecting any of the Relevant Jurisdictions
(declared by the relevant authorities) or any disruption in commercial banking or foreign exchange trading or securities settlement or
clearance services, procedures or matters in or affecting any of the Relevant Jurisdictions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">the enactment, publication, decree or other promulgation of any new law, statute, rule, order or regulation
or any change or development involving a prospective change in existing laws or regulations, or any event or circumstance or series of
events likely to result in any change or development involving a prospective change in the interpretation or application thereof by any
court or any governmental or regulatory authority in or affecting any of the Relevant Jurisdictions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(vii)</TD><TD STYLE="text-align: justify">any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis
in any of the Relevant Jurisdictions or international financial, political or economic conditions or exchange controls;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">the imposition of economic sanctions on any of the Relevant Jurisdictions applicable to the business operations
of the Group;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">any change or development involving
a prospective change or amendment in or affecting taxation or foreign exchange control, currency exchange rates or foreign investment
regulations (including, without limitation, a material devaluation of the Hong Kong dollar, </FONT>United States dollar or RMB against
any foreign currency, a change in the system under which the value of the Hong Kong dollar is linked to that of the United States dollar
or RMB is linked to any foreign currency or currencies), or the implementation of any exchange control, in any of the Relevant Jurisdictions
which materially adversely affect an investment in the Offer Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(x)</TD><TD STYLE="text-align: justify">other than with the prior written consent of the Joint Sponsors and the Joint Global Coordinators, the
issue or requirement to issue by the Company of a supplement or amendment to the Hong Kong Prospectus, the Green Application Forms or
other documents in connection with the offer and sale of the Offer Shares pursuant to the Companies (Winding Up and Miscellaneous Provisions)
Ordinance or the Listing Rules&nbsp;or upon any requirement or request of the SEHK and/or the SFC;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xi)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">a valid demand by any creditor
for repayment or payment of any </FONT>indebtedness of any member of the Group or in respect of which any member of the Group is liable
prior to its stated maturity, to the extent that it will cause a material adverse impact to the Company&rsquo;s financial and business
operations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(xii)</TD><TD STYLE="text-align: justify">any litigation, dispute, legal action, process for administrative sanctions, or claim being threatened
or instigated against any member the Group or any Directors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(xiii)</TD><TD STYLE="text-align: justify">the Company withdraws the Hong Kong Prospectus (and/or any other documents issued or used in connection
with the Global Offering) or the Global Offering;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(xiv)</FONT></TD><TD STYLE="text-align: justify">the chairman, chief executive officer, chief financial officer, or any executive Director is vacating
his or her office or is being charged with an indictable offence or is prohibited by operation of Laws or otherwise disqualified from
taking part in the management or taking directorship of a company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(xv)</TD><TD STYLE="text-align: justify">there is a final adjudication by any Authority of any investigation or action against any Director, any
member of the Group or announcement by any Authority on such investigation or take any such action;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(xvi)</TD><TD STYLE="text-align: justify">there is any order or petition for the winding-up or liquidation of any member of the Group or any composition
or arrangement made by any member of the Group with its creditors or a scheme of arrangement entered into by any member of the Group or
any resolution for the winding-up of any member of the Group or the appointment of a provisional liquidator, receiver or manager over
all or part of the assets or undertaking of any member of the Group or anything analogous thereto occurring in respect of any member of
the Group;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(xvii)</TD><TD STYLE="text-align: justify">any contravention by the Company, any member of the Group, or any Directors of any applicable laws and
regulations including the Listing Rules; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(xviii)</TD><TD STYLE="text-align: justify">any non-compliance of the Hong Kong Prospectus (or any other documents used in connection with the contemplated
subscription and sale of the Offer Shares) or any aspect of the Global Offering with the Listing Rules&nbsp;or any other applicable laws
and regulations,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">which,
individually or in the aggregate, in the sole and absolute opinion of the Joint Global Coordinators (for themselves and on behalf of the
Hong Kong Underwriters), (1)&nbsp;has or will or is likely to have a Material Adverse Effect; (2)&nbsp;has or will or may have a material
adverse effect on the completion of the Global Offering; (3)&nbsp;makes, will make or is likely to make it inadvisable, inexpedient, impracticable
or incapable for the Hong Kong Public Offering and/or the International Offering to proceed or to market the Global Offering or the delivery
or distribution of the Offer Shares on the terms and in the manner contemplated by the Offering Documents; or (4)&nbsp;has or will or
may have the effect of making any material part of this Agreement (including underwriting) incapable of performance in accordance with
its terms or preventing the processing of applications and/or payments pursuant to the Global Offering or pursuant to the underwriting
thereof;</FONT> or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 30; Value: 1 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">(B)</TD><TD STYLE="text-align: justify">there has come to the notice of the Joint Sponsors and the Joint Global Coordinators that:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(i)</FONT></TD><TD STYLE="text-align: justify">any statement contained in the Offering Documents, the Operative Documents, the Preliminary Prospectus,
and/or any notices, announcements, advertisements, press release, communications, roadshow materials or other offering materials or documents
(including any announcement, circular, document or other communication pursuant to this Agreement) issued or used by or on behalf of the
Company in connection with the Hong Kong Public Offering and the Global Offering (including any supplement or amendment thereto, but excluding
factual information solely relating to the Underwriters which consists of only the Underwriters&rsquo; names, logos and addresses (the
 &ldquo;<B><U>Offer-Related Documents</U></B>&rdquo;) ) was, when it was issued, or has become, untrue, incorrect, inaccurate, incomplete
in any material respects or misleading or deceptive, or that any estimate, forecast, expression of opinion, intention or expectation contained
in any of such documents is not fair and honest and based on reasonable grounds or reasonable assumptions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">any matter has arisen or has been discovered which would, had it arisen or been discovered immediately
before the date of the Registration Statement, the Pricing Disclosure Package, the Prospectus, constitute a material omission from, or
misstatement in, any of the Offer-Related Documents;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">there is a material breach of any of the obligations imposed upon the Company under this Agreement or
the Hong Kong Underwriting Agreement, as applicable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(iv)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">there is an event, act or omission
which gives or is likely to give rise to any </FONT>material liability of the Company pursuant to the indemnities given by any of them
under this Agreement and the Hong Kong Underwriting Agreement, as applicable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(v)</TD><TD STYLE="text-align: justify">there is any Material Adverse Effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(vi)</TD><TD STYLE="text-align: justify">there is a breach of, or any event or circumstances rendering untrue, incorrect, incomplete or misleading
in any respect, any of the Warranties in either this Agreement or the Hong Kong Underwriting Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(vii)</FONT></TD><TD STYLE="text-align: justify">the approval by the Stock Exchange of the listing of, and permission to deal in, (i)&nbsp;the Shares in
issue and to be issued pursuant to the Global Offering (including the additional Shares which may be issued pursuant to the exercise of
the Over-allotment Option); and (ii)&nbsp;the Shares to be issued pursuant to the 2020 Share Incentive Plan, on the Main Board of the
SEHK is refused or not granted, other than subject to customary conditions, on or before the date of the Listing, or if granted, the approval
is subsequently withdrawn, cancelled, qualified (other than by customary conditions), revoked or withheld;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(viii)</TD><TD STYLE="text-align: justify">any experts specified in the Hong Kong Prospectus (other than the Joint Sponsors) has withdrawn its consent
to the issue of the Registration Statement, the Pricing Prospectus, the Prospectus with the inclusion of its reports, letters and/or legal
opinions (as the case may be) and references to its name included in the form and context in which it respectively appears;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(ix)</FONT></TD><TD STYLE="text-align: justify">the Company withdraws the Registration Statement, the Pricing Prospectus, the Prospectus (and/or any other
documents issued or used in connection with the Global Offering) or the Global Offering; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(x)</FONT></TD><TD STYLE="text-align: justify">there is a prohibition on the Company for whatever reason from offering, allotting, issuing or selling
any of the Offer Shares (including any additional Shares to be issued pursuant to the Over-allotment Option) pursuant to the terms of
the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">If the Joint Global Coordinators elect
to terminate this Agreement as provided in this Section&nbsp;7(c), the Company shall be notified promptly in writing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify">If, after the execution and delivery of this Agreement, the sale and delivery of the Offer Shares, as
contemplated by this Agreement, is not carried out as a result of any termination of this Agreement pursuant hereto or because the Company
shall be unable to comply with any of the terms of this Agreement, the Company shall not be under any obligation or liability under this
Agreement (except as provided in Sections 5 and 9 hereof) and the International Underwriters shall be under no obligation or liability
to the Company (except as provided in Section&nbsp;9 hereof) or to one another under this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Increase
in International Underwriters&rsquo; Commitments</U>. Subject to Sections 6 and 7 hereof, if any International Underwriter shall default
in its obligation to take up and pay for the International Offer Shares to be purchased by it hereunder (other than for a failure of a
condition precedent set forth in Section&nbsp;6 hereof or a reason sufficient to justify the termination of this Agreement under subsection
(c)&nbsp;of Section&nbsp;7 hereof) and</FONT> if the total number of International Offer Shares which such defaulting International Underwriter
or International Underwriters shall have agreed but failed to take up and pay for does not exceed 10% of the total number of International
Offer Shares which all International Underwriters agreed to purchase hereunder, the non-defaulting International Underwriters (including
International Underwriters substituted pursuant to the next following paragraph) shall take up and pay for (in addition to the aggregate
number of International Offer Shares they are obligated to purchase pursuant to Section&nbsp;1 hereof) the number of Firm Shares agreed
to be purchased by all such defaulting International Underwriters, as hereinafter provided. Such International Offer Shares shall be taken
up and paid for by such non-defaulting International Underwriters in such amount or amounts as the Joint Global Coordinators may designate
with the consent of each non-defaulting International Underwriter so designated or, in the event no such designation is made, such International
Offer Shares shall be taken up and paid for by all non-defaulting International Underwriters pro rata in proportion to the aggregate number
of Firm Shares set forth opposite the names of such non-defaulting International Underwriters in SCHEDULE I-B hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Joint Global Coordinators
may, in their sole and absolute discretion, or the Company may, without relieving any defaulting International Underwriter from its obligations,
if within 24 hours after such default by any International Underwriter(s)&nbsp;the Joint Global Coordinators fail to select any International
Underwriter(s)&nbsp;in substitution for the defaulting International Underwriter(s), select a party or parties as a new International
Underwriter or International Underwriters in substitution for a defaulting International Underwriter or International Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Without relieving any defaulting
International Underwriter from its obligations hereunder, the Company agrees with the non-defaulting International Underwriters that it
will not sell any International Offer Shares hereunder unless all of the International Offer Shares are purchased by the International
Underwriters (including International Underwriters substituted pursuant to the foregoing paragraph).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
a substitution of a new International Underwriter or International Underwriters is made in the manner set forth above, the Company or
the International Underwriters shall have the right to postpone the First Time of Delivery for a period not exceeding seven business days
in order that any changes that the Joint Global Coordinators and the Joint Sponsors consider necessary to be made to the Registration
Statement, the Pricing Disclosure Package, the Prospectus and other documents and arrangements may be effected, </FONT>and the Company
agrees to make promptly any such changes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The term &ldquo;<B><U>International
Underwriter</U></B>&rdquo; as used in this Agreement shall refer to and include any International Underwriter substituted under this Section&nbsp;8
with like effect as if such substituted International Underwriter had originally been named in <U>SCHEDULE I-B</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">If
the aggregate number of International Offer Shares which the defaulting International Underwriter or International Underwriters agreed
to purchase exceeds 10% of the total number of International Offer Shares which all International Underwriters agreed to purchase hereunder,
and if neither the non-defaulting International Underwriters nor the Company shall make arrangements within the period of seven business
days stated above for the purchase of all the International Offer Shares which the defaulting International Underwriter or International
Underwriters agreed to purchase hereunder, this Agreement shall terminate without further act or deed and without any obligation or liability
on the part of the Company hereunder </FONT>(except as provided in Sections 5 and 9 hereof) and without any obligation or liability on
the part of any non-defaulting International Underwriter to the Company (except as provided in Section&nbsp;9 hereof) or to any other
International Underwriter hereunder. Nothing in this Section&nbsp;8, and no action taken hereunder, shall relieve any defaulting International
Underwriter from liability in respect of any default of such International Underwriter under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Indemnity
and Contribution</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">The Company agrees to indemnify, defend and hold harmless each of the Joint Sponsors, the Joint Global
Coordinators, the Joint Bookrunners, the Joint Lead Managers, the International Underwriters and each of their respective Affiliates,
representatives, employees, agents, partners, directors, officers and members of each of the Joint Sponsors, the Joint Global Coordinators,
the Joint Bookrunners, the Joint Lead Managers, the International Underwriters and their respective Affiliates, any person who controls
any such Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter or Affiliate within
the meaning of Section&nbsp;15 of the Securities Act or Section&nbsp;20 of the Exchange Act, and any subsidiary, head office (including
branches thereof) or associate of any such Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager,&nbsp;International
Underwriter, and the successors and assigns of all of the foregoing persons (each, a &ldquo;<B><U>Company Indemnified Party</U></B>&rdquo;),
from and against any loss, damage, payment, cost, expense, liability or claim (and any action, suit or proceeding (including, without
limitation, any investigation or inquiry by or before any Authority) (each, a &ldquo;<B><U>Proceeding</U></B>&rdquo;)) which, jointly
or severally, any Company Indemnified Party may incur or become subject to under the Securities Act, the Exchange Act or the common law,
or with respect to any Authority, or otherwise (including, without limitation, all legal and other expenses incurred in investigating
or defending such loss, damage, payment, cost, expense, liability or claim (and such Proceeding)), insofar as such loss, damage, payment,
cost, expense, liability or claim (and such Proceeding) arises out of or is based upon any untrue statement or alleged untrue statement
of a material fact contained in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any &ldquo;roadshow&rdquo;
as defined in Rule&nbsp;433(h)&nbsp;under the Securities Act, any Testing-the-Waters Communications or any Supplemental Offering Material,
or any amendment or supplement to any of the foregoing, or arises out of or is based upon any omission or alleged omission to state therein
a material fact required to be stated or necessary in order to make the statements therein, in the light of the circumstances under which
they were made, not misleading, except insofar as any such loss, damage, payment, cost, expense, liability or claim arises out of or is
based upon any untrue statement or alleged untrue statement of a material fact or omission or alleged omission to state a material fact
contained in the Registration Statement, the Pricing Disclosure Package, the Prospectus, any roadshow, any Testing-the-Waters Communications
or any Supplemental Offering Material, or any amendment or supplement to any of the foregoing made in reliance upon, and in conformity
with, information concerning such Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter
or any such person furnished in writing (the only information to be furnished being specified in Section&nbsp;10 below) by or on behalf
of such Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter or any such person
through the Joint Global Coordinators to the Company expressly and specifically for use in the Registration Statement, the Pricing Disclosure
Package, the Prospectus, any roadshow and any Testing-the-Waters Communications. This indemnity agreement will be in addition to any liability
that the Company may otherwise have.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">Each of the Joint Sponsors, Joint Global Coordinators, Joint Bookrunners, Joint Lead Managers and International
Underwriters, severally (but not jointly or jointly and severally), agrees to indemnify, defend and hold harmless the Company from and
against any loss, damage, payment, cost, expense, liability or claim which the Company may incur under the Securities Act, the Exchange
Act, the common law or otherwise, insofar as such loss, damage, payment, cost, expense, liability or claim arises out of or is based upon
any untrue statement or alleged untrue statement of a material fact contained in the Registration Statement, the Pricing Disclosure Package
or the Prospectus made in reliance upon, and in conformity with, information concerning such Joint Sponsor, Joint Global Coordinator,
Joint Bookrunner, Joint Lead Manager or International Underwriter furnished in writing (the only information to be furnished being specified
in Section&nbsp;10 below) by or on behalf of such Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager, or International
Underwriter, through the Joint Global Coordinators to the Company expressly and specifically for use in the Registration Statement, the
Pricing Disclosure Package or the Prospectus, as set forth in Section&nbsp;10 below or arises out of or is based upon any omission or
alleged omission to state a material fact in the Registration Statement, the Pricing Disclosure Package or the Prospectus in reliance
upon, and in conformity with, such information, which material fact was not contained in the Registration Statement, the Pricing Disclosure
Package or the Prospectus and which material fact was necessary in order to make the statements in the Registration Statement, the Pricing
Disclosure Package or the Prospectus, in the light of the circumstances under which they were made, not misleading, provided, however,
that the parties acknowledge and agree that for the purpose of this Section&nbsp;9 hereunder, the only information furnished to the Company
by or on behalf of any International Underwriters for use in the Registration Statement, the Pricing Disclosure Package or the Prospectus
consists of the information described as such in Section&nbsp;10 hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">If any Proceeding is brought against a person (a &ldquo;<B><U>Relevant Party</U></B>&rdquo;) in respect
of which indemnity may be sought against the Company or a Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager,
or International Underwriter (as applicable, the &ldquo;<B><U>Applicable Party</U></B>&rdquo;) pursuant to either subsection (a)&nbsp;or
(b), respectively, of this Section&nbsp;9, such Relevant Party shall, subject to any restrictions imposed by any Law or obligation of
confidentiality, promptly notify such Applicable Party in writing of the institution of such Proceeding; <I>provided, however</I>, that
the omission to so notify such Applicable Party shall not relieve such Applicable Party from any liability which such Applicable Party
may have to any Relevant Party under this Section&nbsp;9 or otherwise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The Applicable Party may participate at
its expense in the defense of such Proceeding including appointing counsel at its expense to act for it in such Proceeding; <I>provided,
however</I>, that counsel to the Applicable Party shall not (except with the consent of any Relevant Party or Parties) also be counsel
to the Relevant Party or Parties. Unless such Relevant Party or Parties consent to counsel to the Applicable Party acting as counsel to
the Relevant Party or Parties in such Proceeding, any Relevant Party or Parties shall have the right to appoint its or their own separate
counsel (in addition to local counsel) in such Proceeding; <I>provided, however</I>, that the giving of such consent or the appointment
of such separate counsel (in addition to local counsel) shall be determined, as applicable, by the Joint Sponsors, the Joint Global Coordinators,
the Joint Bookrunners, the Joint Lead Managers and the International Underwriters (in the case of such Relevant Party or Parties being
any Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter, or any of their respective
Affiliates, or the representative, agent, partner, director, officer, employee and member of any Joint Sponsor, Joint Global Coordinator,
Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter and their respective Affiliates, any person who controls any such
Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager, or International Underwriter within the meaning of Section&nbsp;15
of the Securities Act or Section&nbsp;20 of the Exchange Act, and/or any successors and assigns of any of the foregoing persons), or by
the Company (in the case of such Relevant Party or Parties being the Company, as applicable. The fees and expenses of separate counsel
(in addition to local counsel) to the Relevant Party or Parties shall be borne by the Applicable Party and paid as incurred (it being
understood, however, that such Applicable Party shall not be liable for the fees and expenses of more than one separate counsel (in addition
to any local counsel) in any one Proceeding or series of related Proceedings in the same jurisdiction representing the Relevant Party
or Parties who is or are parties to such Proceeding or Proceedings).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The Applicable Party shall be liable for
any settlement or compromise by the Relevant Party or Parties of, or any judgment consented to by the Relevant Party or Parties with respect
to, any pending or threatened Proceeding, whether effected with or without the consent of such Applicable Party, and agrees to indemnify
and hold harmless the Relevant Party or Parties from and against any loss or liability by reason of such settlement, compromise or consent
judgement. No Applicable Party shall, without the written consent of the Relevant Party, effect any settlement or compromise of, or consent
to the entry of any judgment with respect to, any pending or threatened Proceeding in respect of which any Relevant Party is or could
be or could have been a party and indemnity or contribution could be or could have been sought hereunder by such Relevant Party, unless
such settlement, compromise or consent judgment includes an unconditional release of such Relevant Party, in form and substance reasonably
satisfactory to such Relevant Party, from all liability on claims that are the subject matter of such Proceeding and does not include
any statement as to or any admission of fault, culpability or a failure to act by or on behalf of such Relevant Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(d)</FONT></TD><TD STYLE="text-align: justify">If the indemnification provided for in this Section&nbsp;9 is unavailable to a Relevant Party under subsection
(a)&nbsp;or (b)&nbsp;of this Section&nbsp;9 or insufficient to hold a Relevant Party harmless in respect of any losses, damages, expenses,
liabilities or claims (or any Proceedings in respect thereof) referred to therein, then each Applicable Party shall contribute to the
amount paid or payable by such Relevant Party as a result of such losses, damages, expenses, liabilities or claims (or any Proceedings
in respect thereof) (A)&nbsp;in such proportion as is appropriate to reflect the relative benefits received by the Company on the one
hand, and by the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the International Underwriters
on the other hand, from the International Offering or (B)&nbsp;if the allocation provided by Clause (A)&nbsp;above is not permitted by
applicable Law, in such proportion as is appropriate to reflect not only the relative benefits referred to in Clause (A)&nbsp;above but
also the relative fault of the Company on the one hand, and of the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the International Underwriters on the other hand, in connection with the statements or omissions which resulted
in such losses, damages, expenses, liabilities or claims (or any Proceedings in respect thereof), as well as any other relevant equitable
considerations.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">The relative benefits received by
the Company on the one hand, and by the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead
Managers and the International Underwriters on the other hand, shall be deemed to be in the same respective proportions which the
total proceeds from the International Offering (net of the total commissions and incentive fee (if any) received by
the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the International Underwriters
pursuant to Section&nbsp;1 hereof but before deducting expenses) received by the Company, and the total commissions received by the
Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the International Underwriters
pursuant to Section&nbsp;1 hereof, bear to the aggregate Internatinoal Offer Price of the International Offer Shares. The relative
fault of the Company on the one hand, and of the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint
Lead Managers and the International Underwriters on the other hand, shall be determined by reference to, among other things, whether
the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact relates to
information supplied by the Company on the one hand, or by the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the International Underwriters on the other hand, and the parties&rsquo; relative intent, knowledge,
access to information and opportunity to correct or prevent such statement or omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(e)</FONT></TD><TD STYLE="text-align: justify">The Company, the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead
Managers and the International Underwriters agree that it would not be just and equitable if contribution pursuant to this Section&nbsp;9
were determined by pro rata allocation (even if the International Underwriters and their respective Affiliates were treated as one entity
for such purpose) or by any other method of allocation that does not take account of the equitable considerations referred to above in
subsection (d)&nbsp;of this Section&nbsp;9. For the avoidance of doubt, the amount paid or payable by a Relevant Party as a result of
the losses, damages, expenses, liabilities or claims (or the Proceedings in respect thereof) referred to above in subsection (d)&nbsp;of
this Section&nbsp;9 shall include all legal and other expenses incurred by such Relevant Party in connection with investigating or defending
such losses, damages, expenses, liabilities or claims (or such Proceedings in respect thereof). Notwithstanding the provisions of this
Section&nbsp;9, no Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager or International Underwriter shall be
required to contribute any amount in excess of the amount by which the commission received by such Joint Sponsor, Joint Global Coordinator,
Joint Bookrunner, Joint Lead Manager or International Underwriter pursuant to Section&nbsp;1 hereof exceeds the amount of any damage that
such Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager or International Underwriter has otherwise been required
to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation
shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Joint Sponsors&rsquo;,
the Joint Global Coordinators&rsquo;, the Joint Bookrunners&rsquo;, the Joint Lead Managers&rsquo; and the International Underwriters&rsquo;
obligations to contribute pursuant to this Section&nbsp;9 are several in proportion to their respective purchase obligations and not joint
or joint and several. The Company&rsquo; obligations to contribute pursuant to this Section&nbsp;9 will be in addition to any liability
that the Company may otherwise have.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(f)</FONT></TD><TD STYLE="text-align: justify">The indemnity and contribution provisions contained in this Section&nbsp;9 and the covenants, warranties
and representations and other statements of the Company contained in, or made by or on behalf of them pursuant to, this Agreement, shall
remain in full force and effect, regardless of any investigation (or any statement as to the results thereof) made by or on behalf of
any Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter or any of their respective
Affiliates, the representatives, agents, partners, directors, officers, employees or members of any Joint Sponsor, Joint Global Coordinator,
Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter or any of their respective Affiliates, any person (including each
representative, agent, partner, director, officer, employee or member of such person) who controls any Joint Sponsor, Joint Global Coordinator,
Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter or any of their respective Affiliates within the meaning of Section&nbsp;15
of the Securities Act or Section&nbsp;20 of the Exchange Act, or any head office (including branches thereof) or associate of any Joint
Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager or International Underwriter, or by or on behalf of the Company,
the Company&rsquo;s directors or officers, or any person who controls the Company within the meaning of Section&nbsp;15 of the Securities
Act or Section&nbsp;20 of the Exchange Act, and shall survive any termination of this Agreement or the issuance and delivery of and payment
for the Offer Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(g)</FONT></TD><TD STYLE="text-align: justify">All payments made by an Applicable Party under this Section&nbsp;9 shall be made gross, free of any right
of counterclaim or set off and without deduction or withholding of any kind, other than any deduction or withholding required by any Law.
If an Applicable Party makes a deduction under this Section&nbsp;9, the sum due from such Applicable Party shall be increased to the extent
necessary to ensure that, after the making of any deduction or withholding, the Relevant Party which is entitled to such payment receives
a sum equal to the sum it would have received had no deduction or withholding been made.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(h)</FONT></TD><TD STYLE="text-align: justify">If a payment under this Section&nbsp;9 will be or has been subject to Taxation, the Applicable Party shall
pay the Relevant Party on demand the amount (after taking into account any Taxation payable in respect of the amount and treating for
these purposes as payable any Taxation that would be payable but for a relief, clearance, deduction or credit) that will ensure that the
Relevant Party receives a net sum equal to the sum it would have received had the payment not been subject to Taxation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Information
Furnished by the International Underwriters</U>. The Company acknowledges and agrees that for the purposes of this Agreement (including
Section&nbsp;9), the only information furnished in writing to the Company by or on behalf of any International Underwriter through the
Joint Global Coordinators expressly and specifically for use in the </FONT>Registration Statement, the Pricing Disclosure Package or the
Prospectus is the name, logo and address of such International Underwriter appearing in the Registration Statement, the Pricing Disclosure
Package or the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Repetition
of Representations and Warranties</U>. The representations and warranties and other statements of the Company contained in, or made by
or on behalf of them pursuant to this Agreement shall be deemed to be repeated on and as at the Time of Sale and each Time of Delivery
with reference to the facts and circumstances then subsisting. For the purposes of this Agreement, if an amendment or supplement to the
Registration Statement, the Pricing Disclosure Package or the Prospectus is announced, issued, published, distributed or otherwise made
available subsequent to the Time of Sale pursuant to this Agreement or otherwise, the representations and warranties and other statements
of the Company contained in, or made by or on behalf of them pursuant to this Agreement relating to the Registration Statement, the Pricing
Disclosure Package, the Prospectus shall be deemed to be repeated on the date of such amendment or supplement and when so repeated, such
representations and warranties and other statements shall be read and construed subject to the provisions of this Agreement as if the
references therein to the Registration Statement, the Pricing Disclosure Package, the Prospectus means the Registration Statement, the
Pricing Disclosure Package, the Prospectus when read together with such amendment or supplement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">12.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Survival</U>.
All representations, warranties and agreements contained in this Agreement or in certificates of officers of the Company submitted pursuant
hereto, shall remain operative and in full force and effect regardless of (i)&nbsp;any investigation made by or on behalf of any International
Underwriter or its affiliates or selling agents, any person controlling any International Underwriter, its officers or directors or any
person controlling the Company and (ii)&nbsp;delivery of and payment for the Offer Shares. The consent to or knowledge of, and delivery
to investors of, any amendments or supplements to the Registration Statement, the Pricing Disclosure Package or the Prospectus will not
(i)&nbsp;constitute a waiver of any conditions precedent set forth in this Agreement; (ii)&nbsp;result in the loss of any termination
rights set forth in this Agreement; or (iii)&nbsp;be deemed to amend or otherwise change or cure any breach of or inaccuracy in, any representation
or warranty made by the Company set forth in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;</FONT><U>Notices</U>.
In all dealings hereunder, the Joint Global Coordinators shall act on behalf of each of the International Underwriters, and the parties
hereto shall be entitled to act and rely upon any statement, request, notice or agreement on behalf of any International Underwriter made
or given by the Joint Global Coordinators.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Except as otherwise herein provided,
all statements, requests, notices and agreements hereunder shall be in writing and delivered or sent by mail or fax, and (A)&nbsp;if to
the International Underwriters, shall be sufficient in all respects if delivered or sent to:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Merrill Lynch (Asia Pacific) Limited</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in">Address:</TD><TD>55/F, Cheung Kong Center<BR>
2 Queen&rsquo;s Road Central<BR>
Central, Hong Kong</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in; text-align: left">Fax number:</TD><TD STYLE="text-align: justify">*********</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in; text-align: left">Attention:</TD><TD STYLE="text-align: justify">*********</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>Haitong International Securities
Company Limited</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in">Address:</TD><TD>22/F, Li Po Chun Chambers<BR>
189 Des Voeux Road Central<BR>
Hong Kong</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in; text-align: left">Fax number:</TD><TD STYLE="text-align: justify">*********</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in; text-align: left">Attention:</TD><TD STYLE="text-align: justify">*********</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>UBS AG Hong Kong Branch</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in">Address:</TD><TD>52/F, Two International Finance Centre<BR>
8 Finance Street, Central<BR>
Hong Kong</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in; text-align: left">Fax number:</TD><TD STYLE="text-align: justify">*********</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in; text-align: left">Attention:</TD><TD STYLE="text-align: justify">*********</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><B>UBS Securities LLC</B></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Address:</FONT></TD><TD>1285 Avenue of the Americas, New York<BR>
New York 10019<BR>
United States</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in; text-align: left">Fax number:</TD><TD STYLE="text-align: justify">*********</TD>
</TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.9in; text-align: left">Attention:</TD><TD STYLE="text-align: justify">*********</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">(B)&nbsp;if to the Company, shall be
sufficient in all respects if delivered or sent to the Company at 8F, M Plaza, No.&nbsp;109, Pazhou Avenue, Haizhu District, Guangzhou
510000, Guangdong Province, China, attention: Zhang Saiyin</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">14.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Governing
Law; Construction</U>. This Agreement and any claim, counterclaim or dispute of any kind or nature whatsoever arising out of or in any
way relating to this Agreement or the subject matter of this Agreement, directly or indirectly, shall be governed by, and construed in
accordance with, the laws of the State of New York without regard to principles of conflicts of laws thereof. The section headings in
this Agreement have been inserted as a matter of convenience of reference and are not a part of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Submission
to Jurisdiction; Waiver of Immunity</U>. </FONT>Any action, proceeding, claim or counterclaim of any kind or nature whatsoever arising
out of or in any way relating to this Agreement, directly or indirectly, may be commenced, prosecuted or continued in each United States
federal court and New York state court located in the Borough of Manhattan, in the City of New York, New York, U.S.A. (each a &ldquo;<B><U>New
York Court</U></B>&rdquo;), which courts shall have non-exclusive jurisdiction over the adjudication of such matters, and, to the full
extent permitted by laws, the Company irrevocably consents to the jurisdiction of the New York Courts and personal service, and waives
any objection to any New York Court on grounds of inconvenient forum or otherwise, with respect thereto. The Company agrees that any International
Underwriter or any Relevant Party entitled to seek indemnity against the Company hereunder shall have the sole and absolute right to join
the Company as a party to any action, proceeding, claim or counterclaim arising out of or relating to this Agreement which is brought
in any court by any third party against such International Underwriter or Relevant Party or to otherwise pursue any claim (whether by
way of a claim for an indemnity, contribution or otherwise) against the Company in such action, proceeding, claim or counterclaim. The
Company hereby irrevocably consents to personal jurisdiction, service and venue in any court in which any action, proceeding, claim or
counterclaim arising out of or relating to this Agreement is brought by any third party against any International Underwriter or any Relevant
Party entitled to seek indemnity against the Company hereunder. Each International Underwriter, the Company irrevocably waives all right
to trial by jury in any action, proceeding, claim or counterclaim (whether based upon contract, tort or otherwise) in any way arising
out of or relating to this Agreement. The Company irrevocably agrees that a final judgment in any such action, proceeding, claim or counterclaim
brought in any New York Court shall be conclusive and binding upon the Company and may be enforced in any other courts to the jurisdiction
of which the Company is or may be subject, by suit upon such judgment. The Company irrevocably waives and agrees not to claim (or permit
to be claimed on its behalf) any immunity (whether characterized as sovereign immunity, crown immunity, immunity for &ldquo;acts of state&rdquo;,
or otherwise) from any action, suit or proceeding, from set-off or counterclaim, from the jurisdiction of any court, from service of process,
from attachment to or in aid of execution of any judgment, decision, determination, order or award, or from other action, suit or proceeding
for the giving of any relief or for the enforcement of any judgement, decision, determination, order or award, to which it or its properties,
assets or revenues may be or become entitled under the laws of any jurisdiction in any action, suit or proceeding brought in any New York
Courts or in any other courts, to the broadest extent permitted by the laws of such jurisdiction. The Company has appointed, without power
of revocation, Cogency Global Inc., as its agent (the &ldquo;<B><U>Authorized Agent</U></B>&rdquo;) to accept and acknowledge on its behalf
service of any and all process which may be served in any action, suit or proceeding, claim or counterclaim arising out of or relating
to this Agreement and commenced, prosecuted or continued in any New York Court. The Company represents and warrants that the Authorized
Agent has agreed to act as its agent for service of process and agrees to take any and all action, including, without limitation, the
filing of any and all documents and instruments, that may be necessary to continue such appointment in full force and effect as aforesaid.
Service of process upon the Authorized Agent and written notice of such service to the Company shall be deemed, in every respect, effective
service of process upon the Company, as the case may be.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">16.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Judgment
Currency Indemnity</U>. In respect of any judgment or order or award given or made for any amount due hereunder to the International Underwriters
that is expressed and paid in a currency (the &ldquo;<B><U>judgment currency</U></B>&rdquo;) other than United States dollars, the Company
will indemnify each International Underwriter against any loss incurred by such International Underwriter as a result of any variation
as between (A)&nbsp;the rate of exchange at which the United States dollar amount is converted into the judgment currency for the purpose
of such judgment or order and (B)&nbsp;the rate of exchange at which such International Underwriter is able to purchase United States
dollars with the amount of the judgment currency actually received by such International Underwriter. The foregoing indemnity shall constitute
a separate and independent obligation of the Company and shall continue in full force and effect notwithstanding any such judgment or
order as aforesaid. The term &ldquo;<B><U>rate of exchange</U></B>&rdquo; shall include any premiums and costs of exchange payable in
connection with the purchase of or conversion into United States dollars.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Taxes</U>.
All payments to be made by the Company under this Agreement and the Hong Kong Underwriting Agreement shall be paid free and clear of and
without deduction or withholding for or on account of, any and all Taxes. If any Taxes are required by any Law to be deducted or withheld
in connection with such payments, the Company will increase the amount paid so that the full amount of such payments as agreed herein
or in the Hong Kong Underwriting Agreement is received by the International Underwriters or the Hong Kong Underwriters </FONT>or the Joint
Global Coordinators or the Joint Sponsors, as applicable. If an International Underwriter, a Hong Kong Underwriter, a Joint Global Coordinator
or a Joint Sponsor (each a &ldquo;<B><U>Taxable Person</U></B>&rdquo;) is required by any Authority to pay any Taxes as a result of this
Agreement or the Hong Kong Underwriting Agreement, the Company will pay an additional amount to such Taxable Person so that the full amount
of such payments as agreed herein or in the Hong Kong Underwriting Agreement to be paid to such Taxable Person is received by such Taxable
Person and will further, if requested by such Taxable Person, use commercially reasonable efforts to give such assistance as such Taxable
Person may reasonably request to assist such Taxable Person in discharging its obligations in respect of such Taxes, including by (a)&nbsp;making
filings and submissions on such basis and such terms as such Taxable Person reasonably requests, (b)&nbsp;promptly making available to
such Taxable Person notices received from any Authority, and (c)&nbsp;subject to the receipt of funds from such Taxable Person, by making
payment of such funds on behalf of such Taxable Person to the relevant Authority in settlement of such Taxes.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Bail-
In Action</U>. Notwithstanding </FONT>and to the exclusion of any other term of this Agreement or any other agreement, arrangement or
understanding between the Parties, each BRRD Counterparty (as defined below) acknowledges and accepts that a BRRD Liability (as defined
below) arising under this Agreement may be subject to the exercise of Bail-in Powers (as defined below) by the Relevant Resolution Authority
(as defined below) and acknowledges, accepts and agrees to be bound by:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">the effect of the exercise of Bail-in Powers by the Relevant Resolution Authority in relation to any BRRD
Liability of the relevant BRRD Party (as defined below) to the relevant BRRD Counterparty under this Agreement, that (without limitation)
may include and result in any of the following, or some combination thereof:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">the reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">the conversion of all, or a portion, of the BRRD Liability into shares, other securities or other obligations
of the relevant BRRD Party or another person, and the issue to or conferral on the relevant BRRD Counterparty of such shares, securities
or obligations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">the cancellation of the BRRD Liability; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(iv)</TD><TD STYLE="text-align: justify">the amendment or alteration of any interest, if applicable, thereon, the maturity or the dates on which
any payments are due, including by suspending payment for a temporary period;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">the variation of the terms of this Agreement, as deemed necessary by the Relevant Resolution Authority,
to give effect to the exercise of Bail-in Powers by the Relevant Resolution Authority.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In this Clause:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B><U>Bail-In Legislation</U></B>&rdquo;
means in relation to the UK and a member state of the European Economic Area which has implemented, or which at any time implements, the
BRRD, the relevant implementing law, regulation, rule&nbsp;or requirement as described in the EU Bail-in Legislation Schedule from time
to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>B<U>ail-In Powers</U></B>&rdquo;
means any Write-down and Conversion Powers as defined in the EU Bail-in Legislation Schedule, in relation to the relevant Bail-in Legislation;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;<U>BRRD</U>&rdquo;
</B></FONT>means Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;<U>BRRD
Counterparty</U>&rdquo;</B></FONT> means any party to this Agreement to whom any BRRD Party owes a BRRD Liability under or in connection
with this Agreement from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;<U>BRRD
Liability</U>&rdquo;</B></FONT> means a liability in respect of which the relevant Write Down and Conversion Powers in the applicable
Bail-in Legislation may be exercised;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;<U>BRRD
Parties</U>&rdquo;</B></FONT> means the relevant International Underwriter to which the BRRD applies, and &ldquo;<B><U>BRRD Party</U></B>&rdquo;
shall mean any one of them, as the context shall require; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&ldquo;<U>Relevant
Resolution Authority</U>&rdquo;</B></FONT> means the resolution authority with the ability to exercise any Bail-in Powers in relation
to the BRRD Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">19.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Recognition
of the U.S. Special Resolution Regimes</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(a)</FONT></TD><TD STYLE="text-align: justify">In the event that any International Underwriter that is a Covered Entity becomes subject to a proceeding
under a U.S. Special Resolution Regime, the transfer from such Purchaser of this Agreement, and any interest and obligation in or under
this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this
Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(b)</FONT></TD><TD STYLE="text-align: justify">In the event that any International Underwriter that is a Covered Entity or a BHC Act Affiliate of such
International Underwriter becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement
that may be exercised against such International Underwriter are permitted to be exercised to no greater extent than such Default Rights
could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state
of the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(c)</FONT></TD><TD STYLE="text-align: justify">In this Section&nbsp;19:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&ldquo;<B>BHC Act Affiliate</B>&rdquo;
has the meaning assigned to the term &ldquo;affiliate&rdquo; in, and shall be interpreted in accordance with, 12 U.S.C. &sect; 1841(k).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&ldquo;<B>Covered Entity</B>&rdquo; means
any of the following:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(i)</TD><TD STYLE="text-align: justify">a &ldquo;covered entity&rdquo; as that term is defined in, and interpreted in accordance with, 12 C.F.R.
 &sect; 252.82(b);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(ii)</TD><TD STYLE="text-align: justify">a &ldquo;covered bank&rdquo; as that term is defined in, and interpreted in accordance with, 12 C.F.R.
 &sect; 47.3(b); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.5in"></TD><TD STYLE="width: 0.5in">(iii)</TD><TD STYLE="text-align: justify">a &ldquo;covered FSI&rdquo; as that term is defined in, and interpreted in accordance with, 12 C.F.R.
 &sect; 382.2(b).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&ldquo;<B>Default Right</B>&rdquo; has
the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. &sect;&sect; 252.81, 47.2 or 382.1, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">&ldquo;<B>U.S. Special Resolution Regime</B>&rdquo;
means each of (i)&nbsp;the Federal Deposit Insurance Act and the regulations promulgated thereunder and (ii)&nbsp;Title II of the Dodd-Frank
Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>No
Fiduciary Relationship</U>. The Company </FONT>acknowledges and agrees that the International Underwriters, in their roles as such, are
acting solely as underwriters in connection with the purchase and sale of the Shares, the Joint Global Coordinators, in their role as
such, are acting solely as global coordinators of the Global Offering; the Joint Bookrunners, in their role as such, are acting solely
as bookrunners of the Global Offering; the Joint Lead Managers, in their role as such, are acting solely as lead managers of the Global
Offering; and the Joint Sponsors, in their role as such, are acting solely as sponsors in connection with the listing of the Shares on
the SEHK.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company further acknowledges that the International Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead
Managers and the Joint Sponsors and their respective directors, officers, employees and Affiliates are acting pursuant to a contractual
relationship with the Company entered into on an arm&rsquo;s length basis, and in no event do the parties intend that the International
Underwriters, the Joint Global Coordinators, </FONT>the Joint Bookrunners, the Joint Lead Managers or the Joint Sponsors or their respective
directors, officers, employees and Affiliates, as applicable, act or be responsible as a fiduciary or adviser to the Company, its directors,
management, shareholders or creditors or any other person in connection with any activity that the International Underwriters, the Joint
Global Coordinators, the Joint Bookrunners, the Joint Lead Managers or the Joint Sponsors or their respective directors, officers, employees
and Affiliates, as applicable, may undertake or have undertaken in furtherance of the Global Offering or the purchase and sale of the
Company&rsquo;s securities or the listing of the Shares on the SEHK, either before or after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
International Underwriters, the Joint Global Coordinators, </FONT>the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors
and their respective directors, officers, employees and Affiliates hereby expressly disclaim any fiduciary or advisory or similar obligations
to the Company, either in connection with the transactions contemplated by this Agreement or otherwise by the Global Offering or the listing
of the Shares on the SEHK or any process or matters leading up to such transactions (except for, with respect to the Joint Sponsors, any
advice to the Company on matters in relation to the listing application as prescribed by and solely to the extent as required under the
Listing Rules&nbsp;and Paragraph 17 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission
in the capacity of the joint sponsors in connection with the proposed listing of the Company), and the Company hereby confirms its understanding
and agreement to that effect. The Company, on the one hand, and the International Underwriters, the Joint Global Coordinators, the Joint
Bookrunners, the Joint Lead Managers or the Joint Sponsors or their respective directors, officers, employees or Affiliates, as applicable,
on the other hand, agree that they are each responsible for making their own independent judgments with respect to any such transactions
and that any opinions or views expressed by the International Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the
Joint Lead Managers or the Joint Sponsors or their respective directors, officers, employees or Affiliates, as applicable, to the Company
regarding such transactions, including, but not limited to, any opinions or views with respect to the price or market for the Shares,
do not constitute advice or recommendations to the Company (except for, with respect to the Joint Sponsors, any advice to the Company
on matters in relation to the listing application as prescribed by and solely to the extent as required under the Listing Rules&nbsp;and
Paragraph 17 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission in the capacity of
the joint sponsors in connection with the proposed listing of the Company).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company, on the one hand, and the International Underwriters, the Joint Global Coordinators, </FONT>the Joint Bookrunners, the Joint Lead
Managers or the Joint Sponsors or their respective directors, officers, employees or Affiliates, as applicable, on the other hand, agree
that the International Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers or the Joint Sponsors
or their respective directors, officers, employees or Affiliates, as applicable, in their respective roles as such and with respect to
transactions carried out at the request of and for the Company pursuant to their respective appointments as such, are acting as principal
and not the agent or fiduciary of the Company nor the fiduciary or adviser of the Company, and none of the International Underwriters,
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors and their respective directors, officers,
employees or Affiliates has assumed, and will assume, any fiduciary or advisory or similar responsibility in favor of the Company with
respect to the transactions contemplated by this Agreement or otherwise by the Global Offering or the listing of the Shares on the SEHK
or any process or matters leading up to such transactions (irrespective of whether any of the International Underwriters, the Joint Global
Coordinators, the Joint Bookrunners, the Joint Lead Managers or the Joint Sponsors or their respective directors, officers, employees
or Affiliates has advised or is currently advising the Company on other matters) (except for, with respect to the Joint Sponsors, any
advice to the Company on matters in relation to the listing application as prescribed by and solely to the extent as required under the
Listing Rules&nbsp;and Paragraph 17 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission
in the capacity of the joint sponsors in connection with the proposed listing of the Company).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company further acknowledges and agrees that the International Underwriters, the Joint Global Coordinators, </FONT>the Joint Bookrunners,
the Joint Lead Managers and the Joint Sponsors and their respective directors, officers, employees or Affiliates are not advising the
Company, the Company&rsquo;s directors, officers, employees or shareholders or any other person as to any legal, tax, investment, accounting
or regulatory matters in any jurisdiction (except for, with respect to the Joint Sponsors, any advice to the Company on matters in relation
to the listing application as prescribed by and solely to the extent as required under the Listing Rules&nbsp;and Paragraph 17 of the
Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission in the capacity of the joint sponsors
in connection with the proposed listing of the Company). The Company shall consult with their own advisors concerning such matters and
shall be responsible for making their own independent investigation and appraisal of the transactions contemplated by this Agreement,
and none of the International Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint
Sponsors and their respective directors, officers, employees or Affiliates shall have any responsibility or liability to the Company with
respect thereto. Any review by the International Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers
and the Joint Sponsors of the Company, the transactions contemplated by this Agreement or other matters relating thereto shall be performed
solely for the benefit of the International Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers
and the Joint Sponsors and shall not be on behalf of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Company hereby waives and releases, to the fullest extent permitted by law, any claims that the Company may have against the International
Underwriters, the Joint Global Coordinators, </FONT>the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors and their respective
directors, officers, employees or Affiliates with respect to any breach or alleged breach of any fiduciary, advisory or similar duty to
the Company in connection with the transactions contemplated by this Agreement or otherwise by the Global Offering or the listing of the
Shares on the SEHK or any process or matters leading up to such transactions (except for, with respect to the Joint Sponsors, any advice
to the Company on matters in relation to the listing application as prescribed by and solely to the extent as required under the Listing
Rules&nbsp;and Paragraph 17 of the Code of Conduct for Persons Licensed by or Registered with the Securities and Futures Commission in
the capacity of the joint sponsors in connection with the proposed listing of the Company).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Notwithstanding
anything in this Agreement, none of the Joint Sponsors, the Joint Global Coordinators, </FONT>the Joint Bookrunners, the Joint Lead Managers,
the International Underwriters and their respective directors, officers, employees or Affiliates and any other Relevant Party shall have
any liability whatsoever to the Company or any other person in respect of any alleged insufficiency of the International Offer Price or
any dealing price of the Offer Shares (it being acknowledged by the parties that the Company is solely responsible in this regard).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">21.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Time
of the Essence</U>. Time shall be of the essence of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">22.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Counterparts</U>.
This Agreement may be signed by the parties hereto in one or more counterparts which together shall constitute one and the same agreement
among the parties hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Entire</U></FONT><U>
Agreement</U>. This Agreement constitutes the entire agreement between the Company and the International Underwriters relating to the
purchase of, or the procurement of purchasers for, the International Offer Shares by the International Underwriters and supersedes and
extinguishes any prior drafts, agreements, undertakings, understanding, representations, warranties and arrangements of any nature whatsoever,
whether or not in writing, relating to such matters as have been regulated by the provisions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">24.&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;&#8239;<U>Parties
at Interest; Successors and Assigns</U>. This Agreement herein set forth has been and is made solely for the benefit of the Joint Sponsors,
the Joint Global Coordinators, the International Underwriters, the Company and, to the extent provided in Section&nbsp;9 hereof, the controlling
persons, representatives, agents, partners, directors, officers, employees, members and Affiliates referred to in such Section, and each
person who controls, any Joint Sponsor, Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager,&nbsp;International Underwriter,
and their respective successors, assigns, heirs, personal representatives, executors and administrators. No other person, partnership,
association or corporation (including a purchaser, as such purchaser, from any of the International Underwriters, shall acquire or have
any right under or by virtue of this Agreement)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">If the foregoing correctly
sets forth the understanding among the Company and the several International Underwriters, please sign in the space provided below for
that purpose, whereupon this Agreement and your acceptance shall become a binding agreement among the Company and the International Underwriters,
severally.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature pages&nbsp;to follow</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">Very truly yours,</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">For and on behalf of</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"><B>MINISO Group Holding Limited</B></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">as the Company</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">By:</TD><TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">Name:</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2">Title:</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[Signature page to IUA]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 46 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2" STYLE="text-align: justify">Accepted and agreed to as of the date first above written, for and
on behalf of itself and each of the other International Underwriters other than UBS Securities LLC</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"><B>Merrill Lynch (Asia Pacific) Limited</B></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="text-align: left; width: 47%">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">By:</TD><TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Name: Yvonne Lo</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Title: Managing Director</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><I>[Signature page to IUA]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2" STYLE="text-align: justify">Accepted and agreed to as of the date first above written, for and
on behalf of itself and each of the other International Underwriters other than UBS Securities LLC</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"><B>Haitong International Securities Company Limited</B></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="text-align: left; width: 47%">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">By:</TD><TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Name: Ho, Kenneth Shiu Pong</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Title: Managing Director</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><I>[Signature page to IUA]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2" STYLE="text-align: justify">Accepted and agreed to as of the date first above written, as attorney
for and on behalf of each of the other International Underwriters other than UBS Securities LLC</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"><B>UBS AG Hong Kong Branch</B></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="text-align: left; width: 47%">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">By:</TD><TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Name: Bing Lei</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Title: Executive Director</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify"><TD STYLE="width: 3%">By:</TD><TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Name: Vincent Tang</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Title: Director</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR></TABLE>


<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><I>[Signature page to IUA]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 49 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2" STYLE="text-align: justify">Accepted and agreed to as of the date first above written, for and
on behalf of</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD COLSPAN="2"><B>UBS Securities LLC</B></TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
                                                                                                                                      <TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">&nbsp;</TD><TD STYLE="text-align: left; width: 47%">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 3%">By:</TD><TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Name:</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Title:</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>

<TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top; text-align: justify"><TD STYLE="width: 3%">By:</TD><TD STYLE="border-bottom: Black 1pt solid; width: 47%; text-align: left">&nbsp;</TD><TD STYLE="text-align: justify; width: 50%">&nbsp;</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Name:</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR>
     <TR STYLE="vertical-align: top; text-align: justify">
<TD>&nbsp;</TD><TD STYLE="text-align: left">Title:</TD><TD STYLE="text-align: justify">&nbsp;</TD></TR></TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0pt; margin-bottom: 0pt"><I>[Signature page to IUA]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE I-A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TOTAL UNDERWRITING COMMITMENT OF UNDERWRITERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">Underwriter</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center"> Offer Shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Percentage</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; text-align: left">Merrill Lynch (Asia Pacific) Limited</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Haitong International Securities Company Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">UBS AG Hong Kong Branch/UBS Securities LLC</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Futu Securities International (Hong Kong) Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">GF Securities (Hong Kong) Brokerage Limited</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">[&#9679;]</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">[&#9679;]</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">Total</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">41,100,000</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">%</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 51 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule I-A-</FONT>1</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE I-B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDERWRITING COMMITMENT OF INTERNATIONAL UNDERWRITERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">International Underwriter</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">Firm Shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: center; border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">Percentage</TD><TD STYLE="text-align: center; padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; text-align: left">Merrill Lynch (Asia Pacific) Limited</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Haitong International Securities Company Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">UBS AG Hong Kong Branch/UBS Securities LLC</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Futu Securities International (Hong Kong) Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">GF Securities (Hong Kong) Brokerage Limited</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">[&#9679;]</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">[&#9679;]</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; font: bold 10pt Times New Roman, Times, Serif">Total</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">36,990,000</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">%</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 52 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule I-B-</FONT>1</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE I-C</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNDERWRITING COMMITMENT OF HONG KONG UNDERWRITERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold">Hong Kong Underwriter</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Hong Kong Offer
    Shares</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Percentage</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; font-weight: bold">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 74%; font: 10pt Times New Roman, Times, Serif; text-align: left">Merrill Lynch (Asia Pacific) Limited</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="width: 1%; font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Haitong International Securities Company Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">UBS AG Hong Kong Branch</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">Futu Securities International (Hong Kong) Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[&#9679;]</FONT></TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 1pt; font: 10pt Times New Roman, Times, Serif; text-align: left">GF Securities (Hong Kong) Brokerage Limited</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">[&#9679;]</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt">&nbsp;</TD>
    <TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 1pt solid; font-size: 10pt; text-align: right">[&#9679;]</TD><TD STYLE="padding-bottom: 1pt; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: right">&nbsp;</TD><TD STYLE="font-size: 10pt; text-align: left">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold">Total </TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">4,110,000</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold">&nbsp;</TD>
    <TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">&nbsp;</TD><TD STYLE="border-bottom: Black 2.5pt double; font-size: 10pt; font-weight: bold; text-align: right">100.0</TD><TD STYLE="padding-bottom: 2.5pt; font-size: 10pt; font-weight: bold; text-align: left">%</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 53 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule I-C-</FONT>1</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE II</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(a)</TD><TD>Issuer Free Writing Prospectuses (Included in the Pricing Disclosure Package)</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">None</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(b)</TD><TD>Other Information Included in the Pricing Disclosure Package</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">The International Offer Price is HK$[&middot;] per Share
and the Hong Kong Offer Price is HK$[&middot;] per Share.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 54 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Schedule II-</FONT>1</TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SCHEDULE III</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE WARRANTIES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Representations and warranties of the Company</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Company represents, warrants
and undertakes to the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Underwriters
and each of them as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1</B></FONT></TD><TD STYLE="text-align: justify"><B>Accuracy of information</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1</FONT></TD><TD STYLE="text-align: justify">The Pricing Disclosure Package, as of the Time of Sale, did not, and as of each Time of Delivery will
not, include any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in
order to make the statements made therein, in the light of the circumstances under which they were made, not misleading, provided, however,
that this representation and warranty shall not apply to statements or omissions made in reliance upon and in conformity with information
relating to any Underwriter furnished to the Company by such Underwriter for use in the Registration Statement and the Prospectus and
any amendment or supplement thereto, it being understood and agreed that the only such information furnished by any Underwriter consists
of the name, logo, and address of such Underwriter (the &quot;<B>Underwriter Information</B>&quot;); and each Issuer Free Writing Prospectus
does not conflict with the information contained in the Registration Statement, the Pricing Prospectus or the Prospectus, and each Issuer
Free Writing Prospectus, as supplemented by and taken together with the Pricing Disclosure Package, as of the Time of Sale, did not, and
as of each Time of Delivery, will not, include any untrue statement of a material fact or omit to state any material fact necessary in
order to make the statements therein, in the light of the circumstances under which they were made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2</FONT></TD><TD STYLE="text-align: justify">The Registration Statement is an &ldquo;automatic shelf registration statement&rdquo; as defined under
Rule&nbsp;405 of the Securities Act that has been filed with the Commission not earlier than three years prior to the date hereof; and
no notice of objection of the Commission to the use of such Registration Statement or any post-effective amendment thereto pursuant to
Rule&nbsp;401(g)(2)&nbsp;under the Securities Act has been received by the Company. No order suspending the effectiveness of the Registration
Statement or any post-effective amendment thereto has been issued by the Commission, and no proceeding for that purpose or pursuant to
Section&nbsp;8A of the Securities Act against the Company or related to the offering of the Offer Shares has been initiated or threatened
by the Commission; as of the applicable effective date of the Registration Statement and any post-effective amendment thereto, the Registration
Statement and any such post-effective amendment complied and will comply in all material respects with the Securities Act and the rules&nbsp;and
regulations of the Commission thereunder, and did not and will not contain any untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances
under which they were made, not misleading; and as of the date of the Prospectus and any amendment or supplement thereto and as of each
Time of Delivery, as the case may be, the Prospectus and any amendment or supplement thereto complied and will comply in all material
respects with the Securities Act and the rules&nbsp;and regulations of the Commission thereunder, and did not and will not contain any
untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made therein, in the light
of the circumstances under which they were made, not misleading, provided that the Company makes no representation or warranty with respect
to any statements or omissions made in reliance upon and in conformity with the Underwriter Information.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<!-- Field: Page; Sequence: 55; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.3</FONT></TD><TD STYLE="text-align: justify">No order preventing or suspending the use of any Preliminary Prospectus or any Issuer Free Writing Prospectus
has been issued by the Commission, and each Preliminary Prospectus, at the time of filing thereof, conformed in all material respects
to the requirements of the Securities Act and the rules&nbsp;and regulations of the Commission thereunder, and did not contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements
made therein, in the light of the circumstances under which they were made, not misleading; provided that the Company makes no representation
or warranty with respect to any statements or omissions made in reliance upon and in conformity with the Underwriter Information.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.4</FONT></TD><TD STYLE="text-align: justify">None of the Company, its agents or representatives has prepared, made, used, authorized, approved or referred
to and will not prepare, make, use, authorize, approve or refer to any &ldquo;written communication&rdquo; (as defined in Rule&nbsp;405
under the Securities Act) that constitutes an offer to sell or solicitation of an offer to buy the Offer Shares other than (i)&nbsp;any
document not constituting a prospectus pursuant to Section&nbsp;2(a)(10)(a)&nbsp;of the Securities Act or Rule&nbsp;134 under the Securities
Act, (ii)&nbsp;the Registration Statement, the Preliminary Prospectus, the Pricing Disclosure Package and the Prospectus, (iii)&nbsp;the
documents listed on Schedule II hereto as constituting part of the Pricing Disclosure Package and (iv)&nbsp;any Written Testing-the-Waters
Communication, any electronic road show or other written communications, in each case approved in writing in advance by the Joint Global
Coordinators. Each such Issuer Free Writing Prospectus complies in all material respects with the Securities Act, and has been or will
be (within the time period specified in Rule&nbsp;433 under the Securities Act) filed in accordance with the Securities Act (to the extent
required thereby). Each Issuer Free Writing Prospectus, and each Written Testing-the-Waters Communication and each &ldquo;roadshow&rdquo;
as defined in Rule&nbsp;433(h)&nbsp;under the Securities Act (a &ldquo;roadshow&rdquo;) did not at the Time of Sale, and at each Time
of Delivery will not, conflict with the information contained in the Registration Statement, the Pricing Disclosure Package, or the Prospectus
and, when taken together with (A)&nbsp;the Pricing Disclosure Package and (B)&nbsp;any subsequent Issuer Free Writing Prospectus (dated
on or before the Time of Sale or the Time of Delivery, as appropriate), did not at the Time of Sale, and at each Time of Delivery will
not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made therein,
in the light of the circumstances under which they were made, not misleading, provided that the Company makes no representation or warranty
with respect to any statements or omissions made in reliance upon and in conformity with the Underwriter Information.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.5</FONT></TD><TD STYLE="text-align: justify">The Company (i)&nbsp;has not alone engaged in any Testing-the-Waters Communications other than Testing-the-Waters
Communications with the consent of the Joint Global Coordinators and (ii)&nbsp;has not authorized anyone other than the Joint Global Coordinators
to engage in Testing-the-Waters Communications. The Company reconfirms that the Joint Global Coordinators have been authorized to act
on its behalf in undertaking Testing-the-Waters Communications. The Company has not distributed or approved for distribution of any Written
Testing-the-Waters Communications other than those agreed to by the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.6</FONT></TD><TD STYLE="text-align: justify">The documents incorporated by reference in each of the Registration Statement, the Pricing Disclosure
Package and the Prospectus, when they were filed or furnished with the Commission conformed to the requirements of the Securities Act
or the Exchange Act, and none of such documents contained any untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances under which
they were made, not misleading; and any further documents so filed and incorporated by reference in the Registration Statement, the Pricing
Disclosure Package or the Prospectus, when such documents become effective or are filed or furnished with the Commission, as the case
may be, will conform to the requirements of the Securities Act or the Exchange Act, as applicable, and will not contain any untrue statement
of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements made therein,
in the light of the circumstances under which they were made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 56 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.7</FONT></TD><TD STYLE="text-align: justify">None of the Hong Kong Public Offering Documents contains any untrue statement of a material fact or omits
to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were
made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.8</FONT></TD><TD STYLE="text-align: justify">All statements or expressions of opinion or intention, forward-looking statements, forecasts and estimates
(including, without limitation, the statements regarding the future plans, sufficiency of working capital, use of proceeds, planned capital
expenditures, projected cash flows and working capital, profit forecast, critical accounting policies, indebtedness, prospects, dividends,
material contracts and litigation) contained in each of the Offering Documents (A)&nbsp;have been made after due, careful and proper consideration,
(B)&nbsp;are and will remain based on grounds and assumptions referred to in each of the Offering Documents, and (C)&nbsp;represent and
continue to represent reasonable and fair expectations honestly held based on facts known to the Company, any other member of the Group,
and/or any of their respective directors, officers or employees. There are no other material facts or matters the omission of which would
or may make any such expression, statement, forecast or estimate misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.9</FONT></TD><TD STYLE="text-align: justify">There are no contracts or documents which are required to be described in the Registration Statement,
the Pricing Disclosure Package and the Prospectus which have not be so described as required.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.10</FONT></TD><TD STYLE="text-align: justify">Each of the Offering Documents, as applicable, contains or includes (A)&nbsp;all information and particulars
required to be contained or included therein to comply with the Companies Ordinance, the Companies (Winding Up and Miscellaneous Provisions)
Ordinance, the Listing Rules&nbsp;and all other Laws so far as applicable to any of the foregoing, the Global Offering and/or the listing
of the Shares on the Stock Exchange and (B)&nbsp;all such information as investors and their professional advisers would reasonably require,
and reasonably expect to find therein, for the purpose of making an informed assessment of the business, conditions (financial or other),
activities, assets and liabilities, financial position, profits and losses, and management and prospects of the Company and the other
members of the Group, taken as a whole, and the rights attaching to the Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.11</FONT></TD><TD STYLE="text-align: justify">All public notices, announcements and advertisements in connection with the Global Offering (including,
without limitation the Formal Notice) and all filings and submissions provided by or on behalf of the Company, any other member of the
Group and/or any of their respective directors, officers, employees, affiliates or agents, to the SEHK, the SFC, the Commission and/or
any applicable Authority have complied and will comply with all applicable Laws, and other than advertisements, do not and will not, as
of the respective date on which such documents are issued include any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements made therein, in the light of the circumstances under which they
were made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 57 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12</FONT></TD><TD STYLE="text-align: justify">Without prejudice to any of the other Warranties:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12.1</FONT></TD><TD STYLE="text-align: justify">the statements contained in the section of each of the Hong Kong Prospectus, the Application Proof and
the PHIP headed &ldquo;Future Plans and Use of Proceeds&rdquo; and the statements in the section of each of the Registration Statement,
the Pricing Disclosure Package and the Prospectus headed &ldquo;Use of Proceeds&rdquo; represent the true and honest belief of the Directors
arrived at after due, proper and careful consideration and enquiry;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12.2</FONT></TD><TD STYLE="text-align: justify">the statements in relation to the Company&rsquo;s products and data contained in the section of each of
the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and the Prospectus
headed &ldquo;Business&rdquo; are complete, true and accurate in all material respects and not misleading and represent the true and honest
belief of the Directors or the management of the Company arrived at after due, proper and careful consideration and enquiry;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12.3</FONT></TD><TD STYLE="text-align: justify">the statements contained in each of the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration
Statement, the Pricing Disclosure Package and the Prospectus relating to the Group&rsquo;s indebtedness as of close of business on April&nbsp;30,
2022 are complete, true and accurate in all material respects and all material developments in relation to the Company&rsquo;s indebtedness
have been disclosed;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12.4</FONT></TD><TD STYLE="text-align: justify">the statements relating to the Group&rsquo;s working capital, liquidity and capital resources contained
in the section of each of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Financial Information&rdquo; and
in the section of each of the Registration Statement, the Pricing Disclosure Package and the Prospectus headed &ldquo;Certain Financial
Data&rdquo; are complete, true and accurate in all material respects and not misleading;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12.5</FONT></TD><TD STYLE="text-align: justify">the interests of the Directors in the share capital of the Company and in contracts with the Company and
other members of the Group are fully and accurately disclosed as required by applicable laws and regulations in each of the Hong Kong
Prospectus, the Application Proof and the PHIP;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12.6</FONT></TD><TD STYLE="text-align: justify">the statements contained in each of the Hong Kong Prospectus, the Application Proof and the PHIP in the
section headed &ldquo;Risk Factors&rdquo; and the statements in each of the Registration Statement, the Pricing Disclosure Package and
the Prospectus headed &ldquo;Risk Factors&rdquo; are complete, true and accurate and not misleading and represent the true and honest
belief of the Directors or the management of the Company arrived at after due, proper and careful consideration, and there are no other
material risks or matters associated with the Group, financial or otherwise, or the earnings, affairs or business or trading prospects
of the Group which have not been disclosed in each of the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement,
the Pricing Disclosure Package and the Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12.7</FONT></TD><TD STYLE="text-align: justify">the statements in the Registration Statement, the Pricing Disclosure Package and the Prospectus headed
 &ldquo;Prospectus Supplement Summary,&rdquo; &ldquo;Risk Factors,&rdquo; &ldquo;Certain Financial Data,&rdquo; &ldquo;Use of Proceeds,&rdquo;
 &ldquo;Dividend Policy,&rdquo; &ldquo;Shares Eligible for Future Sale,&rdquo; &ldquo;Enforceability of Civil Liabilities,&rdquo; &ldquo;Selling
Shareholders&rdquo; and insofar as they purport to describe the provisions of the laws and documents referred to therein, are accurate
and fair in all material respects; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.12.8</FONT></TD><TD STYLE="text-align: justify">the reply to each question set out in the Verification Notes given by or on behalf of the Company or the
Directors and all statements and information provided by or on behalf of the Company or the Directors in connection with any application
or submission to or correspondence with the SEHK, the SFC and/or any applicable Authority were so given by a person having appropriate
knowledge and duly authorized for such purposes and all such replies have been given in full and in good faith and were, and remain, complete,
true and accurate in all material respects and not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 58 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.13</FONT></TD><TD STYLE="text-align: justify">All statistical or market-related, operational or financial data included in each of the Offering Documents
provided by the Company are derived and extracted from records of the Company and the other members of the Group subject to or using systems
and procedures which incorporate adequate safeguards to ensure that the data are complete, true and accurate in all material respects
and not misleading; all statistical or market-related data included or incorporate by reference in each of the Offering Documents derived
from sources other than the Company are based on or derived and extracted from sources described therein which the Company believes in
good faith to be reliable and accurate and agrees with such sources, and the Company has obtained the written consent to the use of such
data from such sources to the extent required.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.14</FONT></TD><TD STYLE="text-align: justify">All information disclosed or made available in writing or orally from time to time (and any new or additional
information serving to update or amend such information) which was disclosed or made available by or on behalf of the Company, any other
member of the Group, and/or any of their respective directors, officers, employees, affiliates, advisers, or agents to the SEHK, the SFC,
the Commission, any applicable Authority, the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Underwriters,
the Reporting Accountants, the Internal Control Consultant, the Industry Consultant, the Property Valuer and<B>/</B>or the legal and other
professional advisers for the Company or the Underwriters for the purposes of the Global Offering and/or the listing of the Shares on
the SEHK (including, without limitation, the answers and documents contained in or referred to in the Verification Notes, the information,
answers and documents used as the basis of information contained in each of the Offering Documents or provided for or in the course of
due diligence or the discharge by the Joint Sponsors of their obligations as sponsors in relation to the listing of the Company, and the
responses to queries and comments raised by the SEHK, the SFC, the Commission or any applicable Authority) and the information contained
in the Investor Presentation Materials, was so disclosed or made available in full and in good faith and was, when given and, except as
subsequently disclosed in all of the Offering Documents or otherwise notified to the SEHK, the SFC, the Commission and/or any applicable
Authority, as applicable, remains complete, true and accurate in all material respects and not misleading; all such information comprising
expressions of opinion or intention, forward-looking statements, forecasts and estimates so disclosed or made available by the Company
have been made after due, careful and proper consideration and are and remain based on grounds and assumptions referred to therein (to
the extent there are any) or otherwise based on reasonable grounds and assumptions and represent reasonable and fair expectations honestly
held based on facts known to the Company, any other member of the Group, and/or any of their respective directors, officers, employees,
affiliates or agents; there is no other information which has not been provided the result of which would make the information so disclosed
or made available misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.15</FONT></TD><TD STYLE="text-align: justify">The Offer Shares conform to the descriptions thereof contained in each of the Offering Documents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.16</FONT></TD><TD STYLE="text-align: justify">No material information was withheld by the Company from the Joint Sponsors, the Joint Global Coordinators,
the Joint Bookrunners, the Underwriters, the Reporting Accountants, the Internal Control Consultant, the Industry Consultant, the Property
Valuer and<B>/</B>or the legal and other professional advisers for the Company or the Underwriters for the purposes of the Global Offering
and/or the listing of the Shares on the SEHK and all information given by the Company to the Joint Sponsors, the Joint Global Coordinators,
the Joint Bookrunners, the Underwriters, the Reporting Accountants, the Internal Control Consultant, the Industry Consultant, the Property
Valuer and<B>/</B>or the legal and other professional advisers for the Company or the Underwriters for such purposes was given in good
faith and there is no other material information which has not been provided the result of which would make the information so received
misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 59 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2</B></FONT></TD><TD STYLE="text-align: justify"><B>The Company and the Group</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.1</FONT></TD><TD STYLE="text-align: justify">As of the date of this Agreement, the Company has the authorized and issued share capital as set forth
in the section of each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP, and all of the issued shares of the Company (A)&nbsp;have been duly authorized and validly issued and are fully paid
and non-assessable, (B)&nbsp;have been issued in compliance with all applicable Laws, (C)&nbsp;were not issued in violation of any preemptive
right, resale right, right of first refusal or similar right, (D)&nbsp;are owned by the existing shareholders and in the amounts specified
in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof
and the PHIP, (E)&nbsp;conform to their description contained in each of the Hong Kong Prospectus, the Registration Statement, the Pricing
Disclosure Package, the Prospectus, the Application Proof and the PHIP, and (E)&nbsp;except as disclosed in the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, are not subject to any
Encumbrance or adverse claims.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.2</FONT></TD><TD STYLE="text-align: justify">Each of the Company and the other members of the Group (i)&nbsp;has been duly incorporated, organized
and is validly existing and in good standing (or in similar concept) under the laws of its jurisdiction of incorporation or organization,
with power and authority (corporate and other) to own, lease and operate its properties and conduct its business as described in the Hong
Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, (ii)&nbsp;is
duly qualified as a foreign corporation to transact business and is in good standing in each jurisdiction in which it owns or leases properties
or conducts any business and in which such qualification is required except, in the case of this clause (ii), where the failure to be
so qualified or in good standing would not, individually or in the aggregate, have a Material Adverse Effect. The currently effective
memorandum and articles of association or other constitutional or organizational documents of the Company and the other members of the
Group comply with the requirements of applicable Laws in jurisdiction of their incorporation or organization and are in full force and
effect; the Company has been duly registered as a non-Hong Kong company under Part&nbsp;16 of the Companies Ordinance and the Articles
of Association and other constituent or constitutive documents and the business license of the Company comply with the Laws of Hong Kong
(including, without limitation, the Listing Rules) where applicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 60 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></TD><TD STYLE="width: 33%; text-align: right">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<!-- Field: Split-Segment; Name: split004 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.3</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The Company has no principal subsidiaries other than those as set forth in the section of each
of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Appendix I &ndash; Accountants&rsquo; Report&rdquo;; (B)&nbsp;except
as disclosed in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package
and the Prospectus, the Company owns all of the issued or registered share capital or other equity interests of or in each of the other
members of the Group; (C)&nbsp;other than the share capital or other equity interests of or in the other members of the Group, the Company
does not own, directly or indirectly, any share capital or any other equity interests or long-term debt securities of or in any corporation,
firm, partnership, joint venture, association or other entity; (D)&nbsp;all of the issued shares of each of the members of the Group (other
than a PRC person) have been duly authorized and validly issued, are fully paid up and non-assessable, have been issued in compliance
with all applicable Laws and were not subject to any preemptive right, resale right, right of first refusal or similar right and are owned
by the Company (except as to the issued shares of the Company) subject to no Encumbrance or adverse claim, unless otherwise disclosed
in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof
and the PHIP; (E)&nbsp;the registered capital (in the form of shares or otherwise) of each of the members of the Group that is a PRC person
has been duly established, validly issued and fully paid up with all contributions to such registered capital having been paid within
the time periods in accordance with applicable PRC Laws and all payments of such contributions having been approved by the applicable
PRC Authorities, and no obligation for the payment of a contribution to such registered capital remains outstanding; all of such registered
capital has been issued in compliance with all applicable Laws and was not subject to any pre-emptive right, resale right, right of first
refusal or similar right and is owned by the Company subject to no Encumbrance or adverse claims, unless otherwise disclosed in each of
the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP;
(F)&nbsp;each of the other members of the Group and each associate of the Group is a legal person with limited liability, and the liability
of the Company in respect of equity interests held in each such member or associate of the Group is limited to its investment therein;
(G)&nbsp;except as disclosed in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure
Package and the Prospectus, none of the members of the Company&rsquo;s board of directors or management owns, directly or indirectly,
any shares of capital stock of, or equity interest in, or any rights, warrants or options to acquire, or instruments or securities convertible
into or exchangeable for, any share capital of, or direct interests in, any member of the Group; and (H)&nbsp;there are no outstanding
securities convertible into or exchangeable for, rights, warrants or options to acquire from the Company or any other member of the Group
or subscribe for, or obligations of the Company or any other member of the Group to issue or grant, share capital of or debentures or
direct interests in the Company or any other member of the Group, and there is no contract, agreement, commitment, understanding or arrangement
of any kind outstanding which calls for the allotment, issue or transfer of, or accords to any person the right to call for the allotment
or issue of, any shares or debentures in, or other securities of, the Company or any other member of the Group.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.4</FONT></TD><TD STYLE="text-align: justify">Each of the members of the Group that is a PRC person has passed each annual examination by the applicable
PRC Authorities without being found to have any deficiency or to be in default under applicable PRC Laws, except for such deficiency or
defaults as would not, individually or in the aggregate, have a Material Adverse Effect, and has timely received all requisite certifications
from each applicable PRC Authority. All Approvals and Filings applicable to or necessary for the establishment of each of the member of
the Group, any of its constitutive documents or its registered or authorized share capital have been duly obtained or made, and all such
Approvals and Filings are unconditional and in full force and effect. Each member of the Group has full power and authority to declare,
make or pay any dividend or other distribution and to repay loans to any of its shareholders without the need for any Approvals and Filings
from any Authority.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.5</FONT></TD><TD STYLE="text-align: justify">Neither the Company nor any of the other members of the Group acts or carries on business in partnership
with any other person, or is a member of any corporate or unincorporated body, undertaking or association, or holds or is liable for any
share or security which is not fully paid up or which carries any liability; each joint venture contract, shareholders&rsquo; agreement
or other cooperative agreement or arrangement in respect of which the Company or any of the other members of the Group is a party is legal,
valid, binding and enforceable in accordance with its terms under its governing Laws and all relevant Approvals and Filings in respect
thereof have been duly and validly obtained.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.6</FONT></TD><TD STYLE="text-align: justify">No member of the Group is conducting or proposes to conduct any business, or has or proposes to acquire
or incur any property or asset or liability or obligation (including, without limitation, contingent liability or off-balance sheet obligation),
which is not related to the business of such member of the Group or the business of the Group, taken as a whole, as described in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.7</FONT></TD><TD STYLE="text-align: justify">Except as described in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, each member of the Group that were incorporated outside of the PRC has taken, or is
in the process of taking, all reasonable steps to comply with, and to ensure compliance by each of its shareholders, directors, officers,
option holders and employees, that is, or is directly or indirectly owned or controlled by, a PRC resident or citizen, with any applicable
rules&nbsp;and regulations of the relevant PRC Authority (including but not limited to the Ministry of Commerce, the National Development
and Reform Commission and the State Administration of Foreign Exchange) relating to overseas investment by PRC residents and citizens
or the repatriation of the proceeds from overseas offering and listing by offshore special purpose vehicles controlled directly or indirectly
by PRC companies and individuals, such as the Company, (the &ldquo;<B>PRC Overseas Investment and Listing Regulations</B>&rdquo;), including,
without limitation, requesting each shareholder, director, officer, option holder and employee that is, or is directly or indirectly owned
or controlled by, a PRC resident or citizen, to complete any registration and other procedures required under applicable PRC Overseas
Investment and Listing Regulations. The Controlling Shareholders of the Company have completed Circular 37 initial registration to the
extent required by applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.8</FONT></TD><TD STYLE="text-align: justify">The Company is aware of and has been advised as to the content of the Rules&nbsp;on Mergers and Acquisitions
of Domestic Enterprises by Foreign Investors and any official clarifications, guidance, interpretations or implementation rules&nbsp;in
connection with or related thereto (the &ldquo;<B>PRC Mergers and Acquisitions Rules</B>&rdquo;) jointly promulgated by the Ministry of
Commerce, the State Assets Supervision and Administration Commission, the State Tax Administration, the State Administration of Industry
and Commerce (which has been merged into the State Administration for Market Regulation), the China Securities Regulatory Commission (the
 &ldquo;<B>CSRC</B>&rdquo;) and the State Administration of Foreign Exchange on August&nbsp;8, 2006 and amended on June&nbsp;22, 2009,
including the provisions thereof which purport to require offshore special purpose entities formed for listing purposes and controlled
directly or indirectly by PRC companies or individuals to obtain the approval of the CSRC prior to the listing and trading of their securities
on an overseas stock exchange. The Company has received legal advice specifically with respect to the PRC Mergers and Acquisitions Rules&nbsp;from
its PRC counsel, and the Company understands such legal advice. In addition, the Company has communicated such legal advice in full to
each of its directors that signed the Registration Statement and each such director has confirmed that he or she understands such legal
advice. Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the
Application Proof and the PHIP, the issuance and sale of the Offer Shares, the listing and trading of the Offer Shares on the SEHK and
the NYSE and the consummation of the transactions contemplated by this Agreement (i)&nbsp;are not and will not be, as of the date hereof
or as of each Time of Delivery, as the case may be, adversely affected by the PRC Mergers and Acquisitions Rules&nbsp;and (ii)&nbsp;do
not require the prior approval of the CSRC</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 62; Value: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.9</FONT></TD><TD STYLE="text-align: justify">The Company has not sold, issued or distributed any securities during the&nbsp;six-month&nbsp;period preceding
the date hereof, including any sales pursuant to Rule&nbsp;144A, Regulation D or Regulation S promulgated under the Securities Act, other
than shares issued pursuant to employee benefit plans, qualified share option plans or other employee compensation plans.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.10</FONT></TD><TD STYLE="text-align: justify">With respect to the options and restricted shares granted pursuant to the share incentive plan adopted
by the Company (the &ldquo;<B>Share Incentive Plan</B>&rdquo;), (i)&nbsp;each grant and issuance of such option or share was duly authorized
no later than the date on which the grant of such option or share was by its terms to be effective by all necessary corporate action,
including, as applicable, approval and/or ratification by the board of directors of the Company (or a duly constituted and authorized
committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement
governing such grant (if any) was duly executed and delivered by each party thereto, (ii)&nbsp;each such grant or issuance was made in
accordance with the terms of the Share Incentive Plan and all other applicable Laws, and (iii)&nbsp;each grant or issuance of such option
or share was properly accounted for in accordance with U.S. GAAP in the financial statements (including the related notes) of the Company
and disclosed in the Company&rsquo;s filings with the SEC in accordance with the Exchange Act and all other applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3</B></FONT></TD><TD STYLE="text-align: justify"><B>Offer Shares</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.1</FONT></TD><TD STYLE="text-align: justify">The ultimate legal and beneficial owners of the Shares, prior to the issuance of the Offer Shares by the
Company for subscription under the Global Offering, are fully and accurately disclosed in each of the Hong Kong Prospectus, the Registration
Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.2</FONT></TD><TD STYLE="text-align: justify">The Offer Shares have been duly and validly authorized and, when allotted, issued and delivered against
payment therefor as provided in this Agreement or the International Underwriting Agreement, as applicable, and registered in the register
of members of the Company, will be duly and validly authorized, allotted and issued, fully paid and non-assessable, free of any preemptive
right, resale right, right of first refusal or similar right and subject to no Encumbrance or adverse claims, and will have attached to
them the rights and benefits specified in the Articles of Associations as described in each of the Hong Kong Prospectus, the Registration
Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP and, in particular, will rank <I>pari passu</I>
in all respects with the existing issued Shares, including the right to rank in full for all distributions declared, paid or made by the
Company after the time of their allotment, and will be freely transferable by the Company to or for the account of the Hong Kong Underwriters
(or the applicants under the Hong Kong Public Offering) and the International Underwriters (or purchasers procured by the Joint Global
Coordinators or the International Underwriters). The certificates for the Offer Shares, when issued, will be in due and proper form such
as to be legal and valid under all applicable Laws. The Offer Shares, when issued and delivered against payment therefor as provided in
this Agreement or the International Underwriting Agreement, as applicable, will be free of any restriction upon the holding, voting or
transfer thereof pursuant to the Laws of the United States, the Cayman Islands, the PRC or Hong Kong or the Articles of Association or
other constituent or constitutive documents or the business license of the Company or any agreement or other instrument to which the Company
is party; no holder of Offer Shares after the completion of the Global Offering will be subject to personal liability in respect of the
Company&rsquo;s liabilities or obligations by reason of being such a holder. The subscribers or purchasers of all Offer Shares issued
or sold under the Global Offering will be entitled to participate in all dividends or other distributions which may be declared, paid
or made on or in respect of the Shares at any time on or after the Listing Date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 63; Value: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.3</FONT></TD><TD STYLE="text-align: justify">As of the Listing Date, the Company will have the authorized and issued share capital as set forth in
the section of each of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Share Capital&rdquo; and of each of
the Registration Statement, the Pricing Disclosure Package and the Prospectus headed &ldquo;Principal Shareholders&rdquo;, and, assuming
the full exercise of the Over-Allotment Option, as of the relevant settlement date for the Option Shares, the Company will have the authorized
and issued capital as set forth in the section of each of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Share
Capital&rdquo; and of each of the Registration Statement, the Pricing Disclosure Package and the Prospectus headed &ldquo;Principal Shareholders&rdquo;.
The share capital of the Company, including the Offer Shares, conforms to each description thereof contained in each of the Hong Kong
Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, and each such
description is complete, true, accurate and not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.4</FONT></TD><TD STYLE="text-align: justify">Each of the holders of the Offer Shares and the Underwriters is entitled to sue as plaintiff in the court
of the jurisdiction of formation and domicile of the Company for the enforcement of their respective rights under this Agreement or the
International Underwriting Agreement and the Offer Shares, and such access to such courts will not be subject to any conditions which
are not applicable to residents of such jurisdiction or a company incorporated in such jurisdiction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4</B></FONT></TD><TD STYLE="text-align: justify"><B>This Agreement, the International Underwriting Agreement and the Operative Documents</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1</FONT></TD><TD STYLE="text-align: justify">The Company has full right, power and authority to execute and deliver this Agreement, the International
Underwriting Agreement and each of the Operative Documents (collectively, the &ldquo;<B>Transaction Documents</B>&rdquo;) and to perform
its obligations under the Transaction Documents; all action required to be taken for the due and proper authorization, execution and delivery
by it of this Agreement and each of the Transaction Documents and the consummation by it of the transactions contemplated under the Transaction
Documents has been duly and validly taken.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2</FONT></TD><TD STYLE="text-align: justify">Each of the Transaction Documents and any other document required to be executed by the Company pursuant
to the provisions of the Transaction Documents, has been duly authorized, executed and delivered by the Company and, when validly authorized,
executed and delivered by the other parties hereto and thereto, constitutes a legal, valid and binding agreement of the Company, enforceable
in accordance with its terms; to ensure the legality, validity, enforceability or admissibility into evidence in the Cayman Islands of
any of the Transaction Documents, it is not necessary that any such Transaction Documents be filed, enrolled or recorded with any Authority
in the Cayman Islands, or that any stamp or similar tax in the Cayman Islands be paid on or in respect of any such Transaction Documents
or any other documents to be furnished hereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3</FONT></TD><TD STYLE="text-align: justify">The statements set forth in the sections of each of the Hong Kong Prospectus, the Registration Statement,
the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP headed, respectively, &ldquo;Structure of the Global
Offering&rdquo; and &ldquo;Underwriting&rdquo;, as applicable, insofar as they purport to describe the provisions of this Agreement and
the International Underwriting Agreement are complete, true and accurate in all material respects and not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5</B></FONT></TD><TD STYLE="text-align: justify"><B>No conflict, compliance and approvals</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT></TD><TD STYLE="text-align: justify">Neither the Company nor any other member of the Group is (i)&nbsp;in violation of its certificate of incorporation
or memorandum and articles of associations, by-laws (or other applicable organizational document), (ii)&nbsp;in violation of any Laws
from any Authority having jurisdiction over the Company or any other member of the Group or any of their assets or properties, or (iii)&nbsp;in
default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract, indenture, mortgage,
deed of trust, note, loan agreement, lease or other agreement or instrument to which it is a party or by which it or any of its assets
or properties may be bound, except, in the case of the foregoing clauses (ii)&nbsp;and (iii), for such violations or defaults as would
not, individually or in the aggregate, have a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 64; Value: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.2</FONT></TD><TD STYLE="text-align: justify">The issue and sale of the Offer Shares, the execution, delivery and performance of the Transaction Documents
and any other document required to be executed by the Company pursuant to the provisions of the Transaction Documents, the compliance
by the Company with the terms of the Offer Shares and the Transaction Documents, the consummation of the transactions herein or therein
contemplated, and the fulfillment of the terms hereof or thereof, do not and will not, whether with or without the giving of notice or
passage of time or fulfillment of any condition or compliance with any formality or all of the foregoing, conflict with, or result in
a breach or violation of, or constitute a default under (or constitute any event or condition which would result in a breach or violation
of, constitute a default under or give the holder of any indebtedness (or a person acting on such holder&rsquo;s behalf) the right to
require the repurchase, redemption or repayment of all or part of such indebtedness under), or result in the creation or imposition of
an Encumbrance on any property or assets of any member of the Group pursuant to (A)&nbsp;the articles of association or other constituent
or constitutive documents or the business license of any member of the Group, or (B)&nbsp;any note, indenture, mortgage, deed of trust,
loan or credit agreement or other evidence of indebtedness, or any license, lease, contract or other agreement or instrument to which
any member of the Group is a party or by which any member of the Group is bound or any of its properties or assets may be bound or affected,
or (C)&nbsp;any Law of any Authority having jurisdiction over any member of the Group or any of its properties or assets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.3</FONT></TD><TD STYLE="text-align: justify">Approval in principle has been obtained from the Listing Committee for the listing of, and permission
to deal in, the Shares on the Main Board of the SEHK and remains valid.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.4</FONT></TD><TD STYLE="text-align: justify">No Approval and Filing from any Authority is required for the issue, sale and delivery of the Offer Shares,
the execution, delivery or performance by the Company of the Transaction Documents or the performance by the Company of its respective
obligations hereunder or thereunder, or the consummation by the Company of the transactions contemplated by the Transaction Documents,
the issuance, publication, distribution or making available of each of the Offering Documents, and for the Company and the other members
of the Group to carry on their business and operations as described in each of the Hong Kong Prospectus, the Application Proof, the PHIP,
the Registration Statement, the Pricing Disclosure Package and the Prospectus, except (A)&nbsp;such as have been obtained, the approval
by the Financial Industry Regulatory Authority,&nbsp;Inc. (&ldquo;<B>FINRA</B>&rdquo;) of the underwriting terms and arrangements and
such Approvals and Filings as may be required under U.S. state securities laws or blue sky laws in connection with the purchase and distribution
of the Offer Shares by the Underwriters, and (B)&nbsp;the final approval from the SEHK for the listing of and permission to deal in the
Shares on the Main Board of the SEHK.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.5</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;No person has the right, contractual or otherwise, to cause the Company to issue or sell to it
any Shares or shares of any other capital stock of the Company, (B)&nbsp;no person has any preemptive rights, resale rights, rights of
first refusal or other rights to purchase any Shares or any other shares of the Company and (C)&nbsp;except as disclosed in the Hong Kong
Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package, and the Prospectus, no person
has the right to act as an underwriter or as a financial adviser to the Company in connection with the offer and sale of the Offer Shares;
and (D)&nbsp;except as disclosed in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing
Disclosure Package, and the Prospectus, no person has the right, contractual or otherwise, to cause the Company to include any Shares
or any other shares of the Company in the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.6</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The Company and the other members of the Group (i)&nbsp;have conducted and are conducting their
respective businesses and operations in compliance with all Laws applicable thereto in all material respects, and (ii)&nbsp;except as
disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP, have obtained or made and hold and are in compliance with all material Approvals and Filings under any Laws applicable
to, or from or with any Authority having jurisdiction over, any member of the Group or any of their respective properties or assets, or
otherwise from or with any other persons, required in order to own, lease, license and use its properties and assets and conduct its businesses
and operations and in connection with the use and application of the proceeds from the Global Offering for the purposes in the manner
presently conducted or proposed to be conducted as described in each of the Hong Kong Prospectus, the Registration Statement, the Pricing
Disclosure Package, the Prospectus, the Application Proof and the PHIP; (B)&nbsp;all such Approvals and Filings contain no conditions
precedent that have not been fulfilled or performed or other burdensome restrictions or conditions not described in each of the Hong Kong
Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP; (C)&nbsp;all
such Approvals and Filings are valid and in full force and effect, and no member of the Group is in violation of, or in default under,
or has received notice of any action, suit, proceeding, investigation or inquiry relating to revocation, suspension or modification of,
or has any reason to believe that any Authority is considering revoking, suspending or modifying, any such Approvals and Filings, and
there are no facts or circumstances existing or that have in the past existed which may lead to the revocation, rescission, avoidance,
repudiation, withdrawal, non-renewal or change, in whole or in part, of any of the existing Approvals and Filings, or any requirements
for additional Approvals and Filings which could prevent, restrict or hinder the operations of any member of the Group or cause any member
of the Group to incur additional material expenditures; and (D)&nbsp;no Authorities, in its inspection, examination or audit of any member
of the Group have reported findings or imposed penalties that have resulted in or could reasonably be expected to have individually or
in the aggregate, a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.7</FONT></TD><TD STYLE="text-align: justify">The use and application of the proceeds from the Global Offering, as set forth in and contemplated by
each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and
the PHIP, (i)&nbsp;will not conflict with, or result in a breach or violation of, or constitute a default under (or constitute any event
which would result in a breach or violation of, constitute a default under or give the holder of any indebtedness (or a person acting
on such holder&rsquo;s behalf) the right to require the repurchase, redemption or repayment of all or part of such indebtedness under),
or result in the creation or imposition of an Encumbrance upon any property or assets of any member of the Group pursuant to (A)&nbsp;the
articles of association or other constituent or constitutive documents or the business license of any member of the Group, or (B)&nbsp;any
note, indenture, mortgage, deed of trust, loan or credit agreement or other evidence of indebtedness, or any license, lease, contract
or other agreement (including any distributor agreement) or instrument to which any member of the Group is a party or by which any member
of the Group is bound or any of their respective properties or assets may be bound or affected, or (ii)&nbsp;will not violate any Laws
applicable to any member of the Group or any of its properties or assets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.8</FONT></TD><TD STYLE="text-align: justify">Hong Kong Public Offering, the International Offering and the other transactions provided for or contemplated
by the Transaction Documents and all related arrangements, in so far as they are the responsibility of the Company or any other member
of the Group, have been and will be carried out in accordance with all applicable Laws and regulatory requirements in the PRC, Hong Kong,
the United States, the Cayman Islands and any other relevant jurisdictions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6</B></FONT></TD><TD STYLE="text-align: justify"><B>Accounts and other financial information</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.1</FONT></TD><TD STYLE="text-align: justify">The Reporting Accountants, whose audit report on certain consolidated financial statements of the Group
is included or incorporated by reference in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, are independent public accountants as required by the Securities Act and the rules&nbsp;and
regulations of the Commission thereunder and the U.S. Public Company Accounting Oversight Board.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The audited consolidated financial statements (and the related schedules and notes thereto) of
the Group included or incorporated by reference in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP give a true and fair view of the consolidated financial position of the Group
as of the dates indicated and the consolidated results of operations, cash flows and changes in shareholders&rsquo; equity of the Group
for the periods specified, have been prepared in conformity with the International Financial Reporting Standards (&ldquo;<B>IFRSs</B>&rdquo;)
or U.S. generally accepted accounting principles (&ldquo;<B>GAAP</B>&rdquo;), as applicable, applied on a consistent basis throughout
the periods involved; (B)&nbsp;the supporting schedules, if any, present fairly in accordance with IFRS or GAAP, as applicable, the information
required to be stated therein; (C)&nbsp;all summary and selected financial data included or incorporated by reference in each of the Hong
Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP are derived
from the accounting records of the Group and present fairly the information shown therein and have been compiled on a basis consistent
with that of the audited consolidated financial statements of the Group included therein; (D)&nbsp;the pro forma net tangible assets (and
the related notes thereto) (and all other pro forma financial statements, information or data, if any) included or incorporated by reference
in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof
and the PHIP are presented in a fair manner as shown therein and have been prepared in accordance with the applicable requirements of
the Listing Rules&nbsp;on the basis set out in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP and are presented consistently with the relevant accounting principles adopted by the
Company; the assumptions used in the preparation of such pro forma net tangible assets (and other pro forma financial statements, information
and data, if any) are reasonable. The pro forma adjustments used therein are appropriate to give effect to the transactions or circumstances
described therein, and the pro forma adjustments have been properly applied to the historical amounts in the compilation of the pro forma
net tangible assets (and other pro forma financial statements, information and data, if any); (E)&nbsp;there are no financial statements
(historical or pro forma) or supporting schedules and notes that are required (including, without limitation, by the Listing Rules&nbsp;and
the Securities Act and the rules&nbsp;and regulations of the Commission thereunder) to be included or incorporated by reference in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP that are not included or incorporated by reference as required; and (F)&nbsp;each of the members of the Group does not have any liabilities
or obligations, direct or contingent (including, without limitation, any off-balance sheet obligations), not described in each of the
Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.3</FONT></TD><TD STYLE="text-align: justify">The memorandum of the Board on profit forecast for the year ending June&nbsp;30, 2022 and 2023 and on
working capital forecast for the fifteen months ending June&nbsp;30, 2023 has been approved by the Directors and reviewed by the Reporting
Accountants, has been prepared after due and careful enquiry and on the basis and assumptions stated in such memorandum which the Directors
honestly believe to be fair and reasonable and (A)&nbsp;all statements of fact in such memorandum are complete, true and accurate in all
material respects and not misleading, (B)&nbsp;all expressions of opinion contained in such memorandum are fair and reasonable, are honestly
held by the Directors and can be properly supported; and (C)&nbsp;there are no other material facts or assumptions which in any case ought
reasonably to have been taken into account which have not been taken into account in the preparation of such memorandum.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.4</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The prospective information (i)&nbsp;included in the profit forecast as set forth in the memorandum
of the Board on profit forecast for the year ending June&nbsp;30, 2022 and 2023 and on working capital forecast for the fifteen months
ending June&nbsp;30, 2023 and (ii)&nbsp;included or incorporated by reference in the planned capital expenditures and projected working
capital as set forth in the section of each of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Financial Information
- Liquidity and Capital Resources&rdquo; and in the section of each of the Registration Statement, the Pricing Disclosure Package and
the Prospectus headed &ldquo;Certain Financial Data&rdquo; (collectively, the &ldquo;<B>Prospective Financial Information</B>&rdquo;),
in each case has been prepared after due and proper consideration, and represents reasonable and fair expectations honestly held, by the
Company on the basis of facts known and the bases and assumptions stated in the memorandum and the Hong Kong Prospectus, the Application
Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and the Prospectus, and in accordance with the Company&rsquo;s
accounting policies described in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus,
the Application Proof and the PHIP consistently applied; (B)&nbsp;the bases and assumptions used in the preparation of the Prospective
Financial Information (i)&nbsp;are all those that the Company believes are significant in forecasting the consolidated profit attributable
to the shareholders of the Company for the year ending June&nbsp;30, 2022 and 2023 and estimating the capital expenditures and the projected
working capital of the Company for the fifteen months ending June&nbsp;30, 2023, as applicable, and (ii)&nbsp;reflect, for each relevant
period, a fair and reasonable forecast or estimate by the Company of the events, contingencies and circumstances described therein; and
(C)&nbsp;the Prospective Financial Information represents a fair and reasonable forecast by the Company of the consolidated profit attributable
to the shareholders of the Company for the year ending June&nbsp;30, 2022 and 2023 and fair and reasonable estimates by the Company of
the estimated capital expenditures and the projected working capital of the Company for the fifteen months ending June&nbsp;30, 2023,
as applicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.5</FONT></TD><TD STYLE="text-align: justify">The unaudited consolidated management financial information of the Company and the other members of the
Group as of March&nbsp;31, 2022 and for the period from January&nbsp;1, 2022 to March&nbsp;31, 2022 (and the related schedules and notes
thereto) and other accounting records of the Group (A)&nbsp;have been reviewed by the Reporting Accountants, (B)&nbsp;have been prepared
in conformity with IFRS or GAAP, as applicable, applied on a consistent basis throughout the period from January&nbsp;1, 2022 to March&nbsp;31,
2022, (C)&nbsp;have been compiled on a basis consistent with the audited consolidated financial statements of the Company included or
incorporated by reference in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus,
the Application Proof and the PHIP, (D)&nbsp;have been properly written up and give a true and fair view of, and reflect in conformity
with the accounting policies of the Company and IFRS or GAAP, as applicable, all the transactions entered into by the Company or any of
the other members of the Group or to which the Company or any other member of the Group was a party during the period from January&nbsp;1,
2022 to March&nbsp;31, 2022, (E)&nbsp;reflect normal recurring adjustments which are necessary for a fair presentation of the consolidated
results of operations of the Group for the period from January&nbsp;1, 2022 to March&nbsp;31, 2022, (F)&nbsp;contain no inaccuracies or
discrepancies of any kind, and (G)&nbsp;give a true and fair view of the consolidated financial position of the Group as of March&nbsp;31,
2022 and the consolidated results of operations of the Group for the period from January&nbsp;1, 2022 to March&nbsp;31, 2022.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 68; Value: 7 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.6</FONT></TD><TD STYLE="text-align: justify">The statements set forth in the section of each of the Hong Kong Prospectus, the Application Proof and
the PHIP headed &ldquo;Financial Information - Critical Accounting Policies And Estimates&rdquo;, and in the sections of each of the Registration
Statement, the Pricing Prospectus and the Prospectus headed &ldquo;Operating and Financial Review and Prospects&rdquo; and &ldquo;Certain
Financial Data&rdquo; (collectively the &ldquo;<B>MD&amp;A</B>&rdquo;) are complete, true and accurate in all material respects and not
misleading and fairly describe (A)&nbsp;accounting policies which the Company believes are the most material to the portrayal of the Company&rsquo;s
financial condition and results of operations (&ldquo;<B>Critical Accounting Policies</B>&rdquo;), (B)&nbsp;judgments and uncertainties
affecting the application of the Critical Accounting Policies, and (C)&nbsp;and explain the likelihood that materially different amounts
would be reported under different conditions or using different assumptions; and the Board, senior management and audit committee of the
Company have reviewed and agreed with the selection, application and disclosure of the Critical Accounting Policies and have consulted
the legal counsel and the Reporting Accountants with regard to such disclosure.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.7</FONT></TD><TD STYLE="text-align: justify">Each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus,
the Application Proof and the PHIP accurately and fully describes in all material respects (A)&nbsp;all trends, demands, commitments,
events, uncertainties and risks, and the potential effects thereof, that the Company believes would materially affect liquidity, financial
condition or results of operation of any member of the Group and could reasonably be expected to occur, and (B)&nbsp;all off-balance sheet
transactions, arrangements, obligations and liabilities, direct or contingent; no member of the Group has any relationships with unconsolidated
entities that are contractually limited to narrow activities that facilitate the transfer of or access to assets by any member of the
Group, such as structured finance entities and special purpose entities, which would, or could reasonably be expected to, have a material
effect on the liquidity of any member of the Group or the availability thereof or the requirements of any member of the Group for capital
resources.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.8</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The factual contents of the reports and letters of the Reporting Accountants are and will remain
complete, true and accurate in all material respects (and where such information is subsequently amended, updated or replaced, such amended,
updated or replaced information is complete, true and accurate in all material respects) and no material fact or matter has been omitted
therefrom which would make the contents of any of such reports or letters or certificates misleading, and the opinions attributed to the
Directors in such reports or letters or certificates are held in good faith based upon facts within their knowledge, and none of the Company
and the Directors disagrees with any aspect of the reports, letters or certificates prepared by the Reporting Accountants; (B)&nbsp;no
material information was withheld from the Reporting Accountants for the purposes of their preparation of their reports contained in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP and the comfort letters to be issued by the Reporting Accountants in connection with the Global Offering and all information given
to the Reporting Accountants by the Company for such purposes was given in good faith and there is no other information which has not
been provided the result of which would make the information so received misleading; and (C)&nbsp;no material information was withheld
from the Reporting Accountants, the Joint Sponsors or the Underwriters for the purposes of their review of the forecasts of profit and
earnings per share and the pro forma net tangible assets and all other pro forma financial statements, information or data, if any, of
the Company included or incorporated by reference in any of the Offering Documents or their review of the Company&rsquo;s profit forecast,
cash flow and working capital projections, estimated capital expenditures and financial reporting procedures.</TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.9</FONT></TD><TD STYLE="text-align: justify">The Company has not received any notice, oral or written, from its board of directors stating that it
is reviewing or investigating, and neither the Company&rsquo;s independent auditors nor its internal auditors have recommended that the
board of directors review or investigate, (i)&nbsp;adding to, deleting, changing the application of, or changing the Company&rsquo;s disclosure
with respect to, any of the Company&rsquo;s material accounting policies; or (ii)&nbsp;any matter which could result in a restatement
of the Company&rsquo;s financial statements for any annual or interim period during the current or prior three fiscal years.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>7</B></FONT></TD><TD STYLE="text-align: justify"><B>Indebtedness and material obligations</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.1</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, (A)&nbsp;no member of the Group has any material outstanding liabilities,
term loans, other borrowings or indebtedness in the nature of borrowings, including, without limitation, bank overdrafts and loans, debt
securities or similar indebtedness, subordinated bonds and hire purchase commitments, or any material mortgage or charge or any guarantee
or other contingent liabilities, (B)&nbsp;no outstanding indebtedness of any member of the Group has or will (or with notice or lapse
of time or fulfillment of any condition or compliance with any formality or all of the foregoing) become repayable before its stated maturity,
nor has or will (or with notice or lapse of time or fulfillment of any condition or compliance with any formality or all of the foregoing)
any security in respect of such indebtedness become enforceable by reason of default of such member of the Group, (C)&nbsp;to the best
knowledge of the Company after due and careful enquiry, no person to whom any material indebtedness of any member of the Group that is
repayable on demand is owed has demanded or threatened to demand repayment of, or to take steps to enforce any security for, the same,
and (D)&nbsp;to the best knowledge of the Company, no circumstance has arisen such that any person is now entitled to require payment
of any material indebtedness of any member of the Group or under any guarantee of any liability of any member of the Group by reason of
default of such member of the Group or any other person or under any material guarantee given by any member of the Group,.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The amounts borrowed by each member of the Group do not exceed any limitation on its borrowing
contained in its articles of association or other constituent or constitutive documents or its business license or in any debenture or
other deed or document binding upon it; (B)&nbsp;no member of the Group has factored any of its material debts or engaged in financing
of a type which would not be required to be shown or reflected in its audited accounts; and (C)&nbsp;with respect to each of the borrowing
facilities of any member of the Group, (i)&nbsp;such borrowing facility has been duly authorized, executed and delivered, is legal, valid,
binding and enforceable in accordance with is terms and is in full force and effect, (ii)&nbsp;all undrawn amounts under such borrowing
facility is or is expected to be capable of drawdown pursuant to the terms thereof, and (iii)&nbsp;to the best knowledge of the Company
after due and careful enquiry, no event has occurred, and no circumstances exist, which could cause any undrawn amounts under such borrowing
facility to be unavailable for drawing as required; and (D)&nbsp;to the best knowledge of the Company, no event has occurred, and no circumstances
exist, in relation to any investment grants, loan subsidies or financial assistance received by or granted to or committed to be granted
or pledged to the Company or any of the other members of the Group from or by any Authority in consequence of which the Company or the
relevant member of the Group is or could be held liable to forfeit or repay in whole or in part any such grant or loan or financial assistance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.3</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP and to the extent that the existence of any such guarantee or obligation would
not, individually or in the aggregate, be material to the Company and the other members of the Group, taken as a whole, there are no material
outstanding guarantee or contingent payment obligation of the Company or any other member of the Group in respect of indebtedness of third
parties.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8</B></FONT></TD><TD STYLE="text-align: justify"><B>Subsequent events</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.1</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, subsequent to the date of the latest audited consolidated financial statements
included or incorporated by reference in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP (the &ldquo;<B>Latest Audited Balance Sheet Date</B>&rdquo;), no member of the Group
has (A)&nbsp;entered into or assumed or otherwise agreed to be bound by any contract; agreement or arrangement (including any letter of
intent or memorandum of understanding), (B)&nbsp;incurred, assumed or acquired or otherwise agreed to become subject to any liability
or other obligation (including, without limitation, contingent liability or off-balance sheet obligations), (C)&nbsp;acquired or disposed
of or agreed to acquire or dispose of any business or asset, or (D)&nbsp;cancelled, waived, released or discounted in whole or in part
any debt or claim, (E)&nbsp;purchased or reduced, or agreed to purchase or reduce, its capital stock or other equity interest of any class,
(F)&nbsp;declared, made or paid any dividend or distribution of any kind on its capital stock of any class, (G)&nbsp;had any lapse of
any Intellectual Property (as defined below), or (H)&nbsp;entered into an agreement, a letter of intent or memorandum of understanding
(or announced an intention to do so) relating to any matters identified in clauses (A)&nbsp;through (G)&nbsp;above, except, in each of
the foregoing clauses (A)&nbsp;through (H), that would not, individually or in the aggregate, have a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.2</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, subsequent to the Latest Audited Balance Sheet Date, (A)&nbsp;no member of
the Group has sustained any loss or interference with its business from fire, explosion, flood, earthquake or other calamity, whether
or not covered by insurance, or from any labor dispute or any action, order or decree of any Authority, (B)&nbsp;each member of the Group
has carried on and will carry on business in the ordinary and usual course so as to maintain it as a going concern and in the same manner
as previously carried on, (C)&nbsp;each member of the Group has continued to pay its creditors in the ordinary course of business and
on arm&rsquo;s length terms, (D)&nbsp;there has been no material adverse change in the relations of the Group&rsquo;s business with its
suppliers, customers, partners, distributors, licensors or lenders, (E)&nbsp;there has been no damage, destruction or loss (whether or
not covered by insurance) materially and adversely affecting the Group taken as a whole, and (F)&nbsp;there has been no Material Adverse
Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.3</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, (A)&nbsp;there has been and will be no material change in the share capital,
or increases in current or non-current portion of loans and borrowings of the Group as of (i)&nbsp;the date of this Agreement, (ii)&nbsp;the
Hong Kong Prospectus Date, (iii)&nbsp;the Price Determination Date or (iv)&nbsp;the Listing Date, as applicable, in each case as compared
to amounts shown in the latest audited consolidated balance sheet of the Group as of December&nbsp;31, 2021 included or incorporated by
reference in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and
the Prospectus; and (B)&nbsp;except as described in the Memorandum on Profit Forecast for the Year Ending June&nbsp;30, 2022 and 2023
and Working Capital Forecast for the 15 Months Ending June&nbsp;30, 2023 dated June&nbsp;28, 2022, there has not been and is not expected
to have material decreases in revenues of the Group during the period from the Latest Audited Balance Sheet Date to (i)&nbsp;the date
of this Agreement, (ii)&nbsp;the Hong Kong Prospectus Date, (iii)&nbsp;the Price Determination Date or (iv)&nbsp;the Listing Date, as
applicable, in each case as compared to the corresponding period in the preceding financial year ended June&nbsp;30, 2021 of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>9</B></FONT></TD><TD STYLE="text-align: justify"><B>Assets</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.1</FONT></TD><TD STYLE="text-align: justify">The Company and the other members of the Group have good and marketable title (or, in the case of a real
property located in the PRC, valid land use rights and real property ownership certificates with respect to such real property) to the
real property and personal property owned by them which are in each case material to the business of the Company and the other members
of the Group taken as a whole, free and clear of all Encumbrances and defects except such as are described in each of the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP; any real property and
buildings held under lease by the Company and the other members of the Group are held by them under valid, subsisting and enforceable
leases with such exceptions as are not material and do not materially interfere with the use made and proposed to be made of such property
and buildings by the Company and the other members of the Group, and each member of the Group has rectified or is making its best efforts
to rectify, such title defects; each personal property or asset, as applicable, held under lease or license by the Company or any of the
other members of the Group is held by it under a lease or license in full force and effect that has been duly authorized, executed and
delivered and is legal, valid, binding and enforceable in accordance with its terms, with such exceptions as would not, individually or
in the aggregate, materially interfere with the use made and proposed to be made of such property or asset by the Company or the relevant
member of the Group, as applicable; no material default (or event which, with notice or lapse of time or fulfillment of any condition
or compliance with any formality or all of the foregoing, would constitute such a default) by the Company or any of the other members
of the Group has occurred and is continuing or is likely to occur under any of such leases or licenses; no member of the Group is aware
of any action, suits, claims, demands, investigations, judgment, awards and proceedings of any nature that has been asserted or, to the
best knowledge of the Company, threatened by any person which (i)&nbsp;may be materially adverse to the rights or interests of such member
of the Group under such lease or tenancy or (ii)&nbsp;which may materially affect the rights of such member of the Group to the continued
possession or use of such leased property or other asset; there are no Encumbrances, conditions, planning consents, orders, regulations
or other restrictions which may materially interfere or affect the use made or proposed to be made of such leased property or other asset
by any member of the Group; neither the Company nor any of the other members of the Group owns, operates, manages or neither the Company
nor any of the other members of the Group owns, leases, licenses, operates, manages, uses or has any other right or interest in any other
real property or building or personal property or asset, as applicable, of any kind that is material except as disclosed in the Hong Kong
Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, and no other
real properties or buildings and personal properties or assets are necessary in order for the Company and the other members of the Group
to carry on the business of the Company and the other members of the Group in the manner described in each of the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, other than those properties
and assets whose absence would not, individually or in the aggregate, result in a Material Adverse Effect; the use of all properties owned
or leased by each member of the Group is in accordance with its permitted use under all applicable Laws; and no member of the Group has
any existing or contingent liabilities in respect of any properties previously occupied by it or in which it has owned or held any material
interests.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->18<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.2</FONT></TD><TD STYLE="text-align: justify">Each member of the Group has valid title to all inventory used in its business free from any Encumbrances
or other third party rights (other than any Encumbrances arising by operation of law in the ordinary or usual course of business and without
fault on the part of the licensor or encumbrancer) and the inventory is of normal merchantable quality and capably of being used or sold
to a purchaser by such member of the Group in the ordinary course of business.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10</B></FONT></TD><TD STYLE="text-align: justify"><B>Intellectual Property</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, (A)&nbsp;the Company and the other members of the Group own, free of Encumbrances
or adverse claims, or have obtained (or can obtain on reasonable terms) licenses for, or other rights to use, all material patents, patent
applications, inventions, copyrights, trade or service marks (both registered and unregistered), trade or service names, domain names,
technology, know-how (including, without limitation, trade secrets and other unpatented and/or unpatentable proprietary or confidential
rights, information, systems or processes), and other proprietary information, rights or processes, including registrations and/or applications
for registration with respect to any of the foregoing, (collectively, the &ldquo;<B>Intellectual Property</B>&rdquo;) described in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP as being owned or licensed or used by them and such rights and licenses held by each member of the Group in any Intellectual Property
comprises all the rights and licenses that are necessary for the conduct of their respective businesses as currently conducted or as proposed
to be conducted; none of the Intellectual Property that is material to the Group is unenforceable or invalid; (B)&nbsp;each agreement
pursuant to which the Company or any other member of the Group has obtained licenses for, or other rights to use,&nbsp;Intellectual Property
is legal, valid, binding and enforceable in accordance with its terms, and is in full force and effect, the Company and the other members
of the Group have complied with the terms of each such agreement, and no material default (or event which would constitute such a default)
by the Company or any of the other members of the Group has occurred and is continuing or is likely to occur under any such agreement
and no notice has been given by or to any party to terminate any such agreement; (C)&nbsp;to the best knowledge of the Company after due
and careful enquiry, there is no claim to the contrary or any challenge by any other person to the rights of the Company or any of the
other members of the Group with respect to the Intellectual Property; (D)&nbsp;to the best knowledge of the Company after due and careful
enquiry, there are no third parties who have or will be able to establish rights to any Intellectual Property, except for the ownership
rights of the owners of the Intellectual Property which are licensed to the Company; (E)&nbsp;to the best knowledge of the Company after
due and careful enquiry, there is no infringement by third parties of any Intellectual Property of the members of the Group, except where
such infringement or claim would not and could not reasonably be expected to, individually or in the aggregate, result in a Material Adverse
Effect; (F)&nbsp;there is no pending or, to the best knowledge of the Company, threatened action, suit, proceeding or claim by others
challenging the Company&rsquo;s rights in or to any Intellectual Property or challenging the validity, enforceability or scope of any
Intellectual Property and there are no facts which could form a reasonable basis for any such action, suit, proceeding or claim; (H)&nbsp;to
the best knowledge of the Company, there is no pending or threatened action, suit, proceeding or claim by others that alleges the Company
or any other member of the Group infringes or otherwise violates, or would, upon the commercialization of any verticals, product or service
described in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP as under development or to be potentially developed, infringe or violate, any Intellectual Property rights of others,
and there are no facts which could form a reasonable basis for any such action, suit, proceeding or claim; (G)&nbsp;to the best knowledge
of the Company, there is no patent or patent application that contains claims that interfere with the issued or pending claims of any
of the Intellectual Property or that challenges the validity, enforceability or scope of any of the Intellectual Property; (H)&nbsp;to
the best knowledge of the Company, there is no prior art that may render any patent application within the Intellectual Property unpatentable
that has not been disclosed to any Authority having jurisdiction over intellectual property matters in the jurisdictions in which the
Group operates; (I)&nbsp;none of the members of the Group has received any notice alleging infringement, violation or conflict with, or
knows of any basis for such infringement, violation or conflict with, rights of others with respect to the Intellectual Property; and
(J)&nbsp;the discoveries, inventions, products or processes of the Company and the other members of the Group referenced in each of the
Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP do
not violate or conflict with any Intellectual Property right of any third party including any discovery, invention, product or process
that is the subject of a patent application filed by any third party; and (F)&nbsp;neither the Company nor any other member of the Group
are in breach of, and each member of the Group has complied with, any license or other agreement (to which it is a party) related to the
Intellectual Property rights of the Company, the other members of the Group or any third party.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.2</FONT></TD><TD STYLE="text-align: justify">The trademarks, patents, domain names and copyrights shown in the section headed &ldquo;Appendix V &ndash;
Statutory and General Information &ndash; B. Further Information about Our Business &ndash; 2. Intellectual Property Rights&rdquo; of
the Hong Kong Prospectus, the Application Proof and the PHIP are the registered trademarks, patented, domain names and copyrights owned
by the Group that are material to the business of the Group as currently conducted.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.3</FONT></TD><TD STYLE="text-align: justify">Each of the members of the Group has taken all necessary and appropriate steps to protect and preserve
the confidentiality of applicable Intellectual Property (&ldquo;<B>Confidential Information</B>&rdquo;): (i)&nbsp;all use or disclosure
of Confidential Information owned by the members of the Group to a third party has been pursuant to a written agreement between the members
of the Group and such third party, and (ii)&nbsp;all use or disclosure of Confidential Information not owned by the members of the Group
has been pursuant to the terms of a written agreement between the members of the Group and the owner of such Confidential Information,
or is otherwise lawful.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>11</B></FONT></TD><TD STYLE="text-align: justify"><B>Cybersecurity and Data Protection</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.1</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;All networks, computer systems, communications systems, software and hardware, websites, applications,
databases and other information technology assets and equipment which are currently owned, licensed or used by the Company or any other
member of the Group (collectively, the &ldquo;<B>IT System</B>&rdquo;) as disclosed in each of the Hong Kong Prospectus, the Application
Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and the Prospectus comprise all of the information technology
systems and related rights adequate for, or necessary to conduct the respective businesses of the Company and the other members of the
Group as currently conducted or as proposed to be conducted; (B)&nbsp;the Company and the other members of the Group either legally and
beneficially own, or have obtained licenses for, or other rights to use, all of the IT System; (C)&nbsp;each agreement pursuant to which
the Company or any other member of the Group has obtained licenses for, or other rights to use, the IT System is legal, valid, binding
and enforceable in accordance with its terms and is in full force and effect, the Company and the other members of the Group have complied
with the terms of each such agreement in all material respects, and no material default (or event which would constitute such a material
default) by the Company or any of the other members of the Group has occurred and is continuing or is likely to occur under any such agreement
and no notice has been given by or to any party to terminate any such agreement; (D)&nbsp;all the records and systems (including but not
limited to the IT System) and all data and information of the Company and the other members of the Group are maintained and operated by
the Company and the other members of the Group and are not wholly or partially dependent on any facilities not under the exclusive ownership
or control of the Company and the other members of the Group; (E)&nbsp;in the event that the persons providing maintenance or support
services for the Company and the other members of the Group with respect to the Information Technology cease or are unable to do so, the
Company and the other members of the Group have all the necessary rights and information to continue to maintain and support or have a
third party maintain or support the IT System; (F)&nbsp;there are no defects relating to the IT System; (G)&nbsp;the Group has in place
procedures to prevent unauthorized access and the introduction of viruses and to enable the taking and storing on-site and off-site of
back-up copies of the software and data; and (H)&nbsp;the Group has in place adequate back-up policies and disaster recovery arrangements
which enable its IT System and the data and information stored thereon to be replaced and substituted without disruption to the business
of the relevant member of the Group.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;the Group has implemented and maintained adequate controls, policies, procedures, and safeguards
to maintain and protect and their users&rsquo; confidential information and the integrity, continuous operation, redundancy and security
of all IT Systems and data (including all personal, personally identifiable, sensitive, confidential or regulated data (&ldquo;<B>Personal
Data</B>&rdquo;)) used in connection with its businesses, and there have been no breaches, violations, outages or unauthorized uses of
or accesses to the same; The Company and the other members of the Group have complied with, in all material respects, all applicable cybersecurity
and data privacy and protection Laws (including the Cybersecurity Law of the PRC, the Data Security Law of the PRC, the Personal Information
Protection Law of the PRC, and the related regulations and rules), internal policies and contractual obligations relating to the privacy
and security of IT Systems and Personal Data and to the protection of such IT Systems and Personal Data from unauthorized use, access,
misappropriation or modification; (B)&nbsp;neither the Company nor any other member of the Group has received any notice (including, without
limitation, any enforcement notice, de-registration notice or transfer prohibition notice), letter, complaint or allegation from the relevant
Authority alleging any breach or non-compliance by it of the applicable cybersecurity and data privacy and protection Laws or prohibiting
the transfer of data to a place outside the relevant jurisdiction; (C)&nbsp;neither the Company nor any other member of the Group has
received any claim for compensation from any person in respect of its business under the applicable cybersecurity and data privacy and
protection Laws and industry standards in respect of inaccuracy, loss, unauthorized destruction or unauthorized disclosure of data and
there is no outstanding notice or order against the Company or any other member of the Group in respect of the rectification or erasure
of data; and (D)&nbsp;no warrant has been issued authorizing the cybersecurity and data privacy and protection Authority (or any of its
officers, employees or agents) to enter any of the premises of the Company nor any other member of the Group for the purposes of, inter
alia, searching them or seizing any documents or other material found there.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">11.3</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;Neither the Company nor any other member of the Group has been designated as a &ldquo;critical
information infrastructure operator&rdquo; in the PRC under the Cybersecurity Law of the PRC; (B)&nbsp;neither the Company nor any other
member of the Group is subject to any communication, inquiry, notice, warning, investigation, or sanction relating to cybersecurity or
data privacy or protection from or any cybersecurity review by the Cyberspace Administration of the PRC (the &ldquo;<B>CAC</B>&rdquo;),
the CSRC or any other Authority, and none of the members of the Group is aware of any facts that would result in such proceedings; and
(C)&nbsp;none of the members of the Group has received any objection to this Offering or the transactions contemplated under this Agreement
or the International Underwriting Agreement from the CSRC, the CAC or any other relevant Authority.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>12</B></FONT></TD><TD STYLE="text-align: justify"><B>Compliance with employment and labor Laws</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.1</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, each member of the Group established in the PRC,&nbsp;India,&nbsp;Indonesia,
Canada, the United States and Hong Kong is making or has made any contribution to, or participates or has participated in, or has any
obligation to provide, housing provident fund, social insurance, severance, pension, retirement, healthcare, death, social security or
disability benefits or other actual or contingent employee benefits to any of its present or past employees or to any other person, and
does not have any material outstanding payment obligations or unsatisfied liabilities under the rules&nbsp;of such schemes or the applicable
Laws. There are no material amounts owing or promised to any present or former directors, employees or consultants of any member of the
Group other than remuneration accrued, due or for reimbursement of business expenses. No directors or senior management or key employees
of any member of the Group have given or been given notice terminating their contracts of employment; there are no proposals to terminate
the employment or consultancy of any directors, senior management, key employees or consultants of any member of the Group or to vary
or amend their terms of employment or consultancy (whether to their detriment or benefit). No member of the Group has any material undischarged
liability to pay to any Authority in any jurisdiction any taxation, contribution or other impost arising in connection with the employment
or engagement of directors, senior management, key employees or consultants by them. No material liability has been incurred by any member
of the Group for breach of any director&rsquo;s, employee&rsquo;s or consultant&rsquo;s contract of service, contract for services or
consultancy agreement, redundancy payments, compensation for wrongful, constructive, unreasonable or unfair dismissal, failure to comply
with any order for the reinstatement or re-engagement of any director, employee or consultant, or the actual or proposed termination or
suspension of employment or consultancy, or variation of any terms of employment or consultancy of any present or former employee, director,
senior management or consultant of any member of the Group.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.2</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, (A)&nbsp;there is (i)&nbsp;no pending or, to the best knowledge of the Company,
threatened dispute with the employees of any member of the Group, and no strike, labor dispute, slowdown or stoppage&nbsp;or other conflict
with the employees of any member of the Group, (ii)&nbsp;no union representation dispute currently existing concerning the employees of
any member of the Group, and (iii)&nbsp;no existing, imminent or, to the best knowledge of the Company, threatened labor disturbance by
the employees of any of the principal suppliers, manufacturers, contractors, customers, partners or distributors of any member of the
Group, and (B)&nbsp;all the members of the Group are and have been at all times in compliance with all applicable labor and employment
Laws in all material respects,</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>13</B></FONT></TD><TD STYLE="text-align: justify"><B>Compliance with environmental Laws</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.1</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The Company and the other members of the Group and their respective assets and operations are
in compliance with, and the Company and each of the other members of the Group have obtained or made and hold and are in compliance with
all Approvals and Filings required under, any and all applicable Environmental Laws (as defined below), except to the extent that failure
to so comply with Environmental Laws or to so obtain, make or hold or comply with such Approvals and Filings would not, individually or
in the aggregate, result in a Material Adverse Effect; (B)&nbsp;there are no past, present or, to the best knowledge of the Company, reasonably
anticipated future events, conditions, circumstances, activities, practices, actions, omissions or plans that could reasonably be expected
to give rise to any material costs, liabilities or obligations to any member of the Group under, or to interfere with or prevent compliance
by any member of the Group with, Environmental Laws; and (C)&nbsp;to the best knowledge of the Company after due and careful enquiry,
no member of the Group is the subject of any noncompliance or investigation, or has received any notice, letters, demand or claim, or
is a party to or affected by any pending or, to the best knowledge of the Company after due and careful enquiry, threatened action, suit,
proceeding or claim, or is bound by any judgment, decree or order, or has entered into any agreement, in each case relating to any alleged
violation of any Environmental Law or any actual or alleged release or threatened release or clean-up at any location of any Hazardous
Materials (as defined below) (as used herein, &ldquo;<B>Environmental Laws</B>&rdquo; means Laws relating to health, safety, the environment
(including, without limitation, the protection, clean-up and restoration thereof and timely and proper completion of all relevant environmental
protection acceptance procedures and receipt and renewal of all relevant pollutants emission permits), natural resources or Hazardous
Materials (including, without limitation, the distribution, processing, generation, treatment, storage, disposal, transportation, other
handling or release or threatened release of Hazardous Materials), and &ldquo;<B>Hazardous Materials</B>&rdquo; means any material (including,
without limitation, chemicals, pollutants, contaminants, petroleum, asbestos-containing materials, mold, hazardous or toxic substances
or wastes) that is regulated by or may give rise to liability under any Environmental Law).</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>14</B></FONT></TD><TD STYLE="text-align: justify"><B>Insurance</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">14.1</FONT></TD><TD STYLE="text-align: justify">The Company and each of the other members of the Group maintain insurance covering their respective businesses,
operations, properties, assets and personnel with insurers of recognized financial responsibility as the Company deems adequate; such
insurance insures against such losses and risks to an extent which is prudent and adequate in accordance with customary industry practice
to protect the Company and the other members of the Group and their respective businesses; all such insurance policies are in full force
on the date hereof and is reasonably expected to be fully in force at all other times when the Warranties are repeated pursuant to this
Agreement or the International Underwriting Agreement; all premiums due in respect of such insurance policies have been duly paid in full
and all conditions for the validity and effectiveness of such policies have been fully observed and performed by the Company and other
members of the Group; the Company and the other members of the Group are in compliance in all material respects with the terms of all
such insurance policies and there are no claims by the Company or any of the other members of the Group under any such insurance policy
as to which any insurance company is denying liability or defending under a reservation of rights clause; neither the Company nor any
of the other members of the Group has any reason to believe that it will not be able to renew any existing insurance as and when such
insurance expires or to obtain similar insurance from similar insurers as may be necessary to continue its business as now conducted;
neither the Company nor any of the other members of the Group has been refused any material insurance coverage sought or applied for.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>15</B></FONT></TD><TD STYLE="text-align: justify"><B>Internal controls</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.1</FONT></TD><TD STYLE="text-align: justify">The Company and any other member of the Group maintain a system of &ldquo;internal control over financial
reporting&rdquo; (as such term is defined in Rule&nbsp;13a-15(f)&nbsp;under the Exchange Act) that (i)&nbsp;complies with the requirements
of the Exchange Act, (ii)&nbsp;has been designed by the Company&rsquo;s principal executive officer and principal financial officer, or
under their supervision<B>,</B> to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles and (iii)&nbsp;is sufficient to
provide reasonable assurance that (A)&nbsp;transactions are executed in accordance with management&rsquo;s general or specific authorization,
(B)&nbsp;transactions are recorded as necessary to permit preparation of financial statements in compliance and conformity with GAAP or
such other accounting standards as are adopted by the relevant member of the Group and maintain accountability for assets, (C)&nbsp;access
to assets is permitted only in accordance with management&rsquo;s general or specific authorization, (D)&nbsp;the recorded accountability
for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any differences, (E)&nbsp;each
of the Company and the other members of the Group has made and kept books, records and accounts which, in detail, accurately and fairly
reflect the transactions of such entity and provide a sufficient basis for the preparation of financial statements in accordance with
GAAP or such other accounting standards as are adopted by the relevant member of the Group, and (F)&nbsp;the Directors are able to make
a proper assessment of the financial condition, results of operations and prospects of the Company and the other members of the Group,
and such internal accounting and financial reporting controls are effective to perform the functions for which they were established and
documented properly and the implementation of such internal accounting and financial reporting controls are monitored by the responsible
persons; and except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, the Company or any
other member of the Group is not aware of any material weaknesses in its internal control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.2</FONT></TD><TD STYLE="text-align: justify">Since the date of the latest audited financial statements included or incorporated by reference in the
Registration Statement, the Pricing Disclosure Package, and the Prospectus, there has been no change in the Company's internal control
over financial reporting that has materially and adversely affected, or is reasonably likely to materially and adversely affect, the Company's
internal control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.3</FONT></TD><TD STYLE="text-align: justify">The Company maintains and evaluates &ldquo;disclosure controls and procedures&rdquo; (as such term is
defined in Rule&nbsp;13a-15(e)&nbsp;under the Exchange Act) that comply with the requirements of the Exchange Act; such disclosure controls
and procedures have been designed to ensure that (A)&nbsp;material information relating to the Company and any other member of the Group
is made known in a timely manner to the Company&rsquo;s board of directors and management by others within those entities, and (B)&nbsp;the
Company and its board of directors comply in a timely manner with the requirements of the Listing Rules, the Hong Kong Codes on Takeovers
and Mergers and Share Buy-backs, the Securities and Futures Ordinance, the Companies Ordinance, the Companies (Winding Up and Miscellaneous
Provisions) Ordinance and any other applicable Laws relating to disclosure of information and reporting obligations, including, without
limitation, the requirements of the Listing Rules&nbsp;on disclosure of price-sensitive information, inside information and notifiable,
connected and other transactions required to be disclosed, and such disclosure and corporate governance controls and procedures are effective
to perform the functions for which they were established and documented properly and the implementation of such disclosure and corporate
governance controls and procedures policies are monitored by the responsible persons (as used herein, the term &ldquo;<B>disclosure and
corporate governance controls and procedures</B>&rdquo; means controls and other procedures that are designed to ensure that information
required to be disclosed by the Company, including, without limitation, information in reports that it files or submits under any applicable
Law, price-sensitive information, inside information (as defined in Part&nbsp;XIV of the Securities and Futures Ordinance) and information
on notifiable, connected and other transactions required to be disclosed, is recorded, processed, summarized and reported, in a timely
manner and in any event within the time period required by applicable Law).</TD></TR></TABLE>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.4</FONT></TD><TD STYLE="text-align: justify">Any issues or deficiencies identified and as disclosed in any internal control report prepared by the
Internal Control Consultant have been rectified or improved in accordance with the recommendations set out in the internal control report
to a sufficient standard or level for the operation and maintenance of efficient systems of internal accounting and financial reporting
controls and disclosure and corporate governance controls and procedures that are effective to perform the functions for which they were
established and to allow compliance by the Company and its board of directors with all applicable Laws, and no such issues have materially
and adversely affected, or could reasonably be expected to materially and adversely affect, such controls and procedures or such ability
to comply with all applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.5</FONT></TD><TD STYLE="text-align: justify">The statutory books, books of account and other records of whatsoever kind of each member of the Group
are in the proper possession, updated in a timely manner and contain complete and accurate records as required by Laws to be dealt with
in such books and no notice or allegation on the accuracy and rectification has been received; all accounts, documents and returns required
by Laws to be delivered or made to the Registrar of Companies in Hong Kong, SFC or any other Authority in any jurisdiction have been duly
and correctly delivered or made.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>16</B></FONT></TD><TD STYLE="text-align: justify"><B>Compliance with bribery, money laundering and sanctions Laws</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.1</FONT></TD><TD STYLE="text-align: justify">Neither the Company, nor any other member of the Group, nor any director, officer or employee of the Company
or any other member of the Group, nor, to the best knowledge of the Company, any person acting on behalf of any of them, is aware of or
has, directly or indirectly, (A)&nbsp;used any funds for any unlawful contribution, entertainment, payment, gift of funds, property or
other unlawful expenses to any public official (as defined below) or relating to any political activity, in any jurisdiction; (B)&nbsp;made,
or taken any action in furtherance of, an offer, promise or authorization of any bribe, rebate, payoff, influence payment, kickback or
other unlawful payment to any public official or relating to any political activity in any jurisdiction;(C), taken any action that would
result in a violation by such persons of any applicable anti-bribery Laws, including, but not limited to, the U.S. Foreign Corrupt Practices
Act of 1977, as amended, and the rules&nbsp;and regulations thereunder, or any applicable Laws or regulation implementing the OECD Convention
on Combating Bribery of Foreign Public Officials in International Business Transactions, or committed an offence under the United Kingdom
Bribery Act 2010, or any other applicable anti-bribery or anti-corruption Laws; or (D)&nbsp;made, offered, agreed, requested or taken
an act in furtherance of any unlawful bribe or other unlawful benefit, including, without limitation, any rebate, payoff, influence payment,
kickback or other unlawful or improper payment or benefit to other third parties, including but not limited to joint venture partners,
principal suppliers, contractors, manufacturers, customers, partners or distributors (as used herein, &ldquo;<B>public official</B>&rdquo;
includes any official, agent, employee or representative of, or any person acting in an official capacity on behalf of, any of the following
parties: a national, supranational, regional or local Authority, an agency, department or instrumentality of a government, a judicial
body, a public international organization, a political party, a body that exercises regulatory authority over any one of the Joint Sponsors
or Underwriters, or a government owned or controlled entity (an entity with an aggregate 25% or more government ownership or controlled
by any one of the foregoing parties); and also includes any candidate for public office or for any political party position and any member
of any royal or ruling family; the definition of &ldquo;<B>public official</B>&rdquo; further includes immediate family members and close
associates of all parties mentioned above). The Company will not directly or indirectly, use the proceeds from the Global Offering, or
lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner, principal suppliers, contractors,
customers, partners or distributors or other person or entity for matters identified in clauses (A)&nbsp;through (D)&nbsp;above. The Company
and the other members of the Group and their respective affiliates have instituted, maintain and enforce and will continue to maintain
and enforce policies and procedures designed to ensure continued compliance with all applicable anti-bribery and anti-corruption Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->25<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;Neither the Company nor any other member of the Group, nor any of their respective directors,
officers, employees, nor, to the best knowledge of the Company after due and careful enquiry, any agent, affiliate, representative or
other person associated with or acting on behalf of the Company or any other member of the Group, is or undertakes any business with an
individual or entity (&ldquo;<B>Person</B>&rdquo;) that is, or is owned or controlled by a Person that is (i)&nbsp;the subject or the
target of any sanctions or export control measures administered or enforced by the U.S. Government, (including, without limitation, the
Office of Foreign Assets Control of the U.S. Department of the Treasury (&ldquo;<B>OFAC</B>&rdquo;) or the U.S. Department of State including,
without limitation, the designation as a &ldquo;specially designated national&rdquo; or &ldquo;blocked person&rdquo;), the U.S. Department
of Commerce&rsquo;s Bureau of Industry and Security (&ldquo;<B>BIS</B>&rdquo;) the United Nations Security Council (&ldquo;<B>UNSC</B>&rdquo;),
the European Union, Her Majesty&rsquo;s Treasury (&ldquo;<B>HMT</B>&rdquo;), the Swiss State Secretariat for Economic Affairs (&ldquo;<B>SECO</B>&rdquo;),
the Monetary Authority of Singapore (&ldquo;<B>MAS</B>&rdquo;), the Hong Kong Monetary Authority (&ldquo;<B>HKMA</B>&rdquo;), or other
relevant sanctions authority (collectively, &ldquo;<B>Sanctions</B>&rdquo;), or (ii)&nbsp;located, organized or resident in a country,
region or territory that is, or whose government is, the subject or the target of Sanctions, including, without limitation, Crimea, the
Donetsk or Luhansk Regions, Cuba,&nbsp;Iran, Russia, North Korea, Sudan and Syria (each, a &ldquo;<B>Sanctioned Country</B>&rdquo;); and
the Company and the other members of the Group have not engaged in (except as disclosed in each of the Hong Kong Prospectus, the Application
Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and the Prospectus), are not now engaged in, and will not
engage in, any dealings or transactions with any person that at the time of the dealing or transaction is or was, or whose government
was, the subject or the target of Sanctions or with or in the territory of any Sanctioned Country; (B)&nbsp;the Company will use the proceeds
of the offering of the securities hereunder and thereunder exclusively in the manner set forth in the section headed &ldquo;Future Plans
and Use of Proceeds&rdquo; in the Hong Kong Prospectus, the Application Proof, the PHIP and in the section headed &ldquo;Use of Proceeds&rdquo;
in the Registration Statement, the Pricing Disclosure Package and the Prospectus; the Company will not, directly or indirectly, use the
proceeds from the Global Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner,
principal suppliers, contractors, customers, partners or distributors or other person or entity (i)&nbsp;to fund or facilitate any activities
of or business with any person that at the time of such funding or facilitation is, or whose government is, the subject or the target
of Sanctions, (ii)&nbsp;to fund or facilitate any activities of or business in any Sanctioned Country or (iii)&nbsp;in any other manner
that will result in a violation by any person (including any person participating in the transaction, whether as underwriter, advisor,
investor or otherwise) of Sanctions; (C)&nbsp;the Company is not controlled (within the meaning of the Executive Orders or regulations
promulgating such Sanctions or the Laws authorizing such promulgation) by any such government or person; and (D)&nbsp;the Company has
implemented and maintains internal controls and procedures to monitor and audit transactions that are reasonably designed to detect and
prevent any use of the proceeds from the Global Offering that is inconsistent with any of the Company&rsquo;s representations and obligations
in this clause 16.2 or any description in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing
Disclosure Package and the Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


<!-- Field: Split-Segment; Name: split005 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; margin-left: 0.25in; text-indent: 0in; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.3</FONT></TD><TD STYLE="text-align: justify">The operations of the Company and the other members of the Group are and have been conducted at all times
in compliance in all material respects with all applicable financial recordkeeping and reporting requirements, including those of the
Currency and Foreign Transactions Reporting Act of 1970, as amended, the applicable anti-money laundering laws, including, but not limited
to, the Bank Secrecy Act of 1970, as amended by the USA PATRIOT ACT of 2001, the Organized and Serious Crimes Ordinance (Chapter 455 of
the Laws of Hong Kong) and the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Chapter 615 of
the Laws of Hong Kong), and the anti-money laundering statutes of all jurisdictions where the Company or any other member of the Group
conducts business, and the rules&nbsp;and regulations thereunder and any related or similar Laws issued, administered or enforced by any
Authority (collectively, the &ldquo;<B>Anti-Money Laundering Laws</B>&rdquo;) and no action, suit or proceeding by or before any Authority
involving the Company or any other member of the Group with respect to the Anti-Money Laundering Laws is pending or, to the best knowledge
of the Company, threatened.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.4</FONT></TD><TD STYLE="text-align: justify">None of the issue and sale of the Offer Shares, the execution, delivery and performance of the Transaction
Documents, the consummation of any transaction contemplated by the Transactions Documents, or the provision of services contemplated by
this Agreement or the International Underwriting Agreement to the Company will result in a violation of any of the Anti-Money Laundering
Laws or Sanctions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>17</B></FONT></TD><TD STYLE="text-align: justify"><B>Experts</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17.1</FONT></TD><TD STYLE="text-align: justify">Each of the Reporting Accountants, the Industry Consultant, the Internal Control Consultant, the Property
Valuer and all legal counsels to the Company is independent of the Company (as determined by reference to Rule&nbsp;3A.07 of the Listing
Rules) and is able to form and report on its views free from any conflict of interest and has granted its consent to including its report,
opinions, letters or certificates (as the case may be) in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP and has not withdrawn its consent.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">17.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The factual contents of the reports, opinions, letters or certificates of the Reporting Accountants,
the Industry Consultant, the Internal Control Consultant, the Property Valuer and all legal counsels to the Company, respectively, are
and will remain complete, true and accurate in all material respects (and where such information is subsequently amended, updated or replaced,
such amended, updated or replaced information is complete, true and accurate in all material respects) and no material fact or matter
has been omitted therefrom which would make the contents of any of such reports, opinions, letters or certificates misleading, and the
opinions attributed to the Directors in such reports, opinions, letters or certificates are held in good faith based upon facts within
their best knowledge, and none of the Company and the Directors disagree with any aspect of such opinions, reports, letters or certificates;
and (B)&nbsp;no material information was withheld from the Reporting Accountants, the Industry Consultant, the Internal Control Consultant,
the Property Valuer or any legal counsels to the Company, as applicable, for the purposes of its preparation of its report, opinion, letter
or certificate, whether or not contained in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, and all information given to each of the foregoing persons for such purposes was given
in good faith and there is no other information which has not been provided the result of which would make the information so received
misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>18</B></FONT></TD><TD STYLE="text-align: justify"><B>Provision of information to research analysts</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">18.1</FONT></TD><TD STYLE="text-align: justify">None of the Company, any member of the Group and/or any of their respective directors, officers, employees,
or to the best of the Company&rsquo;s knowledge, their respective affiliates, representatives and/or agents, has (whether directly or
indirectly, formally or informally, in writing or verbally) provided to any research analyst any material information, including forward
looking information (whether qualitative or quantitative) concerning the Company or any member of the Group that is not, or is not reasonably
expected to be, included in each of the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing
Disclosure Package and the Prospectus or publicly available.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->27<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>19</B></FONT></TD><TD STYLE="text-align: justify"><B>Material contracts and connected transactions</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.1</FONT></TD><TD STYLE="text-align: justify">All material contracts or agreements entered into within two (2)&nbsp;years of the date of the Hong Kong
Prospectus (other than contracts entered into in the ordinary course of business) to which the Company or any of the other members of
the Group is a party and which are required to be disclosed as material contracts in each of the Hong Kong Prospectus, the Registration
Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP or filed therewith or filed as material
contracts with the Registrar of Companies in Hong Kong (the &ldquo;<B>material contracts</B>&rdquo;) have been so disclosed and filed,
in their entirety, without omission or redaction unless a certificate of exemption has been granted by the SFC; no material contracts
which have not been so disclosed and filed will, without the written consent of the Joint Sponsors and the Joint Global Coordinators,
be entered into, nor will the terms of any material contracts so disclosed and filed be changed, prior to or on the Listing Date; neither
the Company, any other member of the Group, nor any other party to any material contract, has sent or received any notice or communication
regarding termination of, or intent not to renew, any such material contract, and no such termination or non-renewal has been threatened
by the Company, any other member of the Group or, to the best of the Company&rsquo;s knowledge, any other party to any such material contract.
All contracts or agreements material to the business, properties or assets of the Company are valid, binding and enforceable and in compliance
with Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.2</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing
Disclosure Package, the Prospectus, the Application Proof and the PHIP, neither the Company nor any other member of the Group has entered
into any contract, agreement, letter of intent or memorandum of understanding in relation to a merger or consolidation or an establishment,
acquisition or disposition of assets, technologies, business units or businesses, joint venture, or strategic cooperation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.3</FONT></TD><TD STYLE="text-align: justify">Each of the contracts listed as being material contracts in the section of the Hong Kong Prospectus, the
Application Proof and the PHIP headed &ldquo;Appendix V &ndash; Statutory and General Information &ndash; B. Further Information about
the business &ndash; 1. Summary of Material Contracts&rdquo; and filed as exhibits to the Registration Statement has been duly authorized,
executed and delivered and is legal, valid, binding and enforceable in accordance with its terms.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.4</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, none of the Company and the other members of the Group has any material capital
commitment, or is, or has been, party to any unusual, long-term or onerous commitments, contracts or arrangements not on an arm&rsquo;s
length basis in the ordinary and usual course of business (for these purposes, a long-term contract, commitment, or arrangement is one
which is unlikely to have been fully performed in accordance with its terms more than six months after the date it was entered into or
undertaken or is incapable of termination by either the Company or any other member of the Group (as relevant) on six months&rsquo; notice
or less).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.5</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group is a party to any agreement or arrangement which
prevents or restricts it in any way from carrying on business in any jurisdiction, or is subject to any non-competition or other similar
restrictions or arrangements relating to any business or service anywhere in the world, except for any such agreement or arrangement that
would not, individually or in the aggregate, result in a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 82; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->28<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.6</FONT></TD><TD STYLE="text-align: justify">To the best knowledge of the Company, no partner, distributor, third-party contractor, manufacturer, customer
or supplier of the Group has failed to comply with Company&rsquo;s code of conduct applicable to such persons or is considering ceasing
to deal with the Company or the other members of the Group or reducing the extent or value of its dealings with the Company or the other
members of the Group, which would, or is likely to, individually or in the aggregate, result in a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.7</FONT></TD><TD STYLE="text-align: justify">Neither the Company nor any of the other members of the Group is engaged in any trading activities involving
commodity contracts or other trading contracts which are not currently traded on a securities or commodities exchange and for which the
market value cannot be determined.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.8</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group is a party to any agreement or arrangement or is
carrying on any practice (A)&nbsp;which in whole or in part contravenes or is invalidated by any anti-trust, anti-monopoly, competition,
fair trading, consumer protection or similar Laws in any jurisdiction where the Company or any of the other members of the Group has assets
or carries on business, or (B)&nbsp;in respect of which any filing, registration or notification is required or is advisable pursuant
to such Laws (whether or not the same has in fact been made).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.9</FONT></TD><TD STYLE="text-align: justify">In respect of the connected transactions (as defined in the Listing Rules) of the Company (the &ldquo;<B>Connected
Transactions</B>&rdquo;), (A)&nbsp;the statements set forth in each of the Hong Kong Prospectus, the Registration Statement, the Pricing
Disclosure Package, the Prospectus, the Application Proof and the PHIP relating to the Connected Transactions are complete, true and accurate
in all material respects, and there are no facts or matters the omission of which would make any such statements misleading, and there
are no other Connected Transactions which have not been disclosed in each of the Hong Kong Prospectus, the Registration Statement, the
Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP; (B)&nbsp;the Connected Transactions disclosed in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP have been entered into and carried out, and will be carried out, in the ordinary course of business and on normal commercial terms
and are fair and reasonable and in the interests of the Company and the shareholders of the Company, and the Directors, including, without
limitation, the independent non-executive Directors, in coming to their view have made due, careful and proper inquiries and investigations
of such Connected Transactions; (C)&nbsp;the Company has complied with and will continue to comply with the terms of the Connected Transactions
disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP so long as the agreement or arrangement relating thereto is in effect, and shall inform the Joint Sponsors and the
Joint Global Coordinators promptly should there be any breach of any such terms before or after the listing of the Shares on the Stock
Exchange; (D)&nbsp;the Connected Transactions and each of the related agreements as disclosed in each of the Hong Kong Prospectus, the
Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP has been duly authorized, executed
and delivered, constitutes a legal, valid and binding agreement or undertaking of the parties thereto, enforceable in accordance with
its terms, and is in full force and effect; (E)&nbsp;each of the Connected Transactions disclosed in each of the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP was and will be carried
out by the Group in compliance with all applicable Laws; and (F)&nbsp;the Directors are of the view that the Connected Transactions disclosed
in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof
and the PHIP are and will remain exempt from the reporting, annual review, announcement and independent shareholders&rsquo; approval requirements
under the Listing Rules.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 83; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->29<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.10</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, no material indebtedness (actual or contingent) and no material contract, agreement
or arrangement (other than employment contracts or service agreements with current directors or officers of the Company or of any other
member of the Group) is or will be outstanding between the Company or the relevant member of the Group, on the one hand, and any affiliate,
substantial shareholder, current or former director or officer of the Company or any member of the Group, or any associate (as the term
is defined in the Listing Rules) of any of the foregoing persons, on the other hand.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.11</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, neither the Controlling Shareholders, nor any of the directors or officers of any
member of the Group or any of their respective associates (as the term is defined in the Listing Rules), either alone or in conjunction
with or on behalf of any other person, is interested in any business that competes or is likely to compete, directly or indirectly, with
the business of any member of the Group, nor is any of the Controlling Shareholders, any of the directors or officers of any member of
the Group or any of their respective associates, interested, directly or indirectly, in any assets which have since the date two years
immediately preceding the date of the Hong Kong Prospectus been acquired or disposed of by or leased to either the Company or any other
member of the Group. Neither the Controlling Shareholders, nor any of the directors or officers of any member of the Group or any of their
respective associates (as the term is defined in the Listing Rules), is or will be interested in any agreement or arrangement with the
Company or any other member of the Group which is subsisting on the Listing Date and which is material to the business of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.12</FONT></TD><TD STYLE="text-align: justify">To the best knowledge of the Company, none of the Directors has revoked or withdrawn the authority and
confirmations in the responsibility letter, statement of interests and power of attorney issued by him to the Company and the Joint Sponsors,
and such authority and confirmations remain in full force and effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19.13</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, there are no relationships or transactions not in the ordinary course of business
or not on arm&rsquo;s length basis between the Company or any other member of the Group, on one hand, and their respective customers or
suppliers, partners or distributors, manufacturers or contractors, on the other hand.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>20</B></FONT></TD><TD STYLE="text-align: justify"><B>Taxation</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.1</FONT></TD><TD STYLE="text-align: justify">Each of the members of the Group has timely paid all material amounts of Taxes due or claimed to be due,
and timely complied with all applicable Laws and requirements for returns, reports or filings for Taxation purposes required to be filed
in the jurisdictions where the Company or any of the other members of the Group are incorporated, managed or engaged in business; all
such returns, reports or filings have been made up to date, are complete, true and accurate in all material respects and not misleading,
and are not the subject of any dispute, except for Taxes currently being contested in good faith and by appropriate proceedings, with
any taxing or other Authority and as to which adequate reserves have been provided; the provisions or reserves (if any) made in the audited
consolidated financial statements included or incorporated by reference in the Registration Statement, the Pricing Disclosure Package
and the Prospectus included appropriate provisions required under the IFRS or GAAP, as applicable, for all Taxation in respect of accounting
periods ended on or before the accounting reference date to which such audited accounts relate for which the Company and any other member
of the Group was then or would reasonably be expected thereafter to become liable; there is no deficiency for any Taxes of any amount
that has been asserted against the Company or any of the other members of the Group that would be reasonably anticipated to give rise
to a liability in excess of any reserves established with respect to Taxes; the statements set forth in the sections of each of the Hong
Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Appendix IV - Summary of the Constitution of the Company and Cayman
Islands Company Law &ndash; 19. Taxation&rdquo; and in the section of the Registration Statement, the Pricing Disclosure Package and the
Prospectus headed &ldquo;Taxation&rdquo; are complete, true and accurate in all material respects and not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 84; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->30<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.2</FONT></TD><TD STYLE="text-align: justify">Each of the waivers and other relief, concession and preferential treatment relating to Taxes granted
to the Company or any of the other members of the Group by any Authority is valid, binding and enforceable and in full force and effect,
and does not and will not conflict with, or result in a breach or violation of, or constitute a default under any applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.3</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, no stamp, registration, value-added, issuance, transfer or similar Taxes and no capital
gains, income, withholding or other Taxes are payable by or on behalf of the Company or any of the other members of the Group in Hong
Kong, the United States, the Cayman Islands, the PRC, or other relevant jurisdictions, or to any taxing or other Authority thereof or
therein in connection with (A)&nbsp;the execution, delivery, performance or enforcement of the Transaction Documents or the Stock Borrowing
Agreement (if applicable), or the consummation of the transactions contemplated by the Transaction Documents or the Stock Borrowing Agreement
(if applicable); (B)&nbsp;the creation, allotment and issuance of the Offer Shares, (C)&nbsp;the offer, sale and delivery of the Offer
Shares by the Company, or (D)&nbsp;the deposit of the Offer Shares with the HKSCC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">20.4</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP and save for any Trading Fee, Transaction Levy and stamp duty payable in connection
with on-market purchases of Shares conducted by the Stabilizing Manager and any subsequent transfer of such Shares to the lender thereof,
no transaction tax, issue tax, stamp duty or other issuance, capital, value-added, documentary or transfer Taxes or duties and no capital
gains, income, withholding or other Taxes are or will be payable by or on behalf of the Underwriters, or otherwise imposed on any payments
made to the Underwriters in connection with (A)&nbsp;the issuance of the Offer Shares by the Company to the Underwriters; (B)&nbsp;the
sale and delivery of the Offer Shares by the Underwriters; (C)&nbsp;the execution, delivery, performance and admission in court proceedings
of this Agreement and the International Underwriting Agreement and the consummation of the transactions contemplated hereby and thereby;
(D)&nbsp;any subsequent transfer of, or agreement to transfer, the Offer Shares through the facilities of the HKSCC (including such transfers
to purchasers procured by the International Underwriters); or (E)&nbsp;deposit of the Offer Shares with the HKSCC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>21</B></FONT></TD><TD STYLE="text-align: justify"><B>Dividends</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.1</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, all dividends and other distributions declared and payable to the shareholders of
the Group are not subject to, and may be paid freely and clear of and without deduction for or on account of, any withholding or other
Taxes imposed, assessed or levied by or under the Laws of Hong Kong, the Cayman Islands, the PRC or the United States or any other relevant
jurisdiction or any taxing or other Authority thereof or therein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 85; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->31<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">21.2</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, no member of the Group is currently prohibited, directly or indirectly, from paying
any dividends to the Company, from making any other distribution on the capital stock or other equity interests of or in such member of
the Group, from repaying to the Company any loans or advances to such member of the Group from the Company or from transferring any of
the properties or assets of such member of the Group to the Company or any other member of the Group. Each member of the Group has full
power and authority to freely pay, transfer and remit funds out of such member&rsquo;s jurisdiction of incorporation or tax residence
in respect of any such dividend, distribution or repayment in United States dollars, Hong Kong dollars or other freely exchangeable currency
without the need of obtaining any Approvals and Filings.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>22</B></FONT></TD><TD STYLE="text-align: justify"><B>Litigation and other proceedings</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.1</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, there are (A)&nbsp;no actions, suits, proceedings, investigations or inquiries in
any jurisdiction or under any Laws or by or before any Authority pending or, to the best knowledge of the Company, threatened or contemplated
to which any member of the Group or any of their respective directors, officers or employees is or may be a party or to which any of their
respective properties or assets is or may be subject, at law or in equity, or before or by any Authority, whether or not arising from
transactions in the ordinary course of business, (B)&nbsp;no Laws that have been enacted, adopted or issued or, to the best knowledge
of the Company, that has been proposed by any Authority, and (C)&nbsp;no judgments, decrees or orders of any Authority, to which any member
of the Group or any of their respective directors, officers or employees is or may be a party or to which any of their respective properties
or assets is or may be subject, which, in any such case described in clause (A), (B)&nbsp;or (C)&nbsp;above, would, or could reasonably
be expected to, result in, individually or in the aggregate, a Material Adverse Effect or materially and adversely affect the power or
ability of the Company to perform its obligations under the Transaction Documents, to offer, sell and deliver the Offer Shares or to consummate
the transactions contemplated by the Transaction Documents or otherwise materially and adversely affect the Global Offering, or are required
to be described in any of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP but are not so described.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.2</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group, nor, to the best knowledge of the Company, any
person acting on behalf of any of them, has taken any action, nor have any steps been taken or any actions, suits or proceedings under
any Laws been started or threatened, to (A)&nbsp;wind up, liquidate, dissolve, make dormant or eliminate or declare insolvent any member
of the Group, (B)&nbsp;to withdraw, revoke or cancel any Approvals and Filings under any Laws applicable to, or from or with any Authority
having jurisdiction over any member of the Group or any of its properties or assets, or otherwise from or with any other persons, required
in order to conduct the business of any member of the Group, or (C)&nbsp;to bring an adverse effect on the completion of the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">22.3</FONT></TD><TD STYLE="text-align: justify">No member of the Group which is a party to a joint venture or shareholders&rsquo; agreement is in material
dispute with the other parties to such joint venture or shareholders&rsquo; agreement and, to the best knowledge of the Company, there
are no circumstances which may give rise to any dispute or affect the relevant member&rsquo;s relationship with such other parties in
any material respect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 86; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->32<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>23</B></FONT></TD><TD STYLE="text-align: justify"><B>Market conduct</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.1</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group and their respective directors, officers, employees,
agents, representatives, affiliates or controlling persons, nor any person acting on behalf of any of them, has, at any time prior to
the date of this Agreement, done or engaged in, or will, until the Joint Global Coordinators have notified the Company of the completion
of the distribution of the Offer Shares, do or engage in, directly or indirectly, any act or course of conduct (A)&nbsp;which creates
a false or misleading impression as to the market in or the value of the Shares and any associated securities, (B)&nbsp;the purpose of
which is to create actual, or apparent, active trading in or to raise the price of the Shares, or (C)&nbsp;result in a violation of Regulation
M under the Exchange Act. For the avoidance of doubt, the appointment of the Stabilization Manager or otherwise pursuant to the Over-allotment
Option as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP do not constitute such act or course of conduct.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">23.2</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group and their respective directors, officers, employees,
agents, representatives, affiliates or controlling persons, nor any person acting on behalf of any of them, (A)&nbsp;has taken or facilitated
or will take or facilitate, directly or indirectly, any action which is designed to or which has constituted or which might reasonably
be expected to cause or result in stabilization or manipulation of the price of any security of the Company to facilitate the sale or
resale of any security of the Company or otherwise, (B)&nbsp;has taken or will take, directly or indirectly, any action which would constitute
a violation of any applicable Laws, including the market misconduct provisions of Parts XIII and XIV of the Securities and Futures Ordinance
and the Regulation M under the Exchange Act; or (C)&nbsp;has taken or will take or has omitted to take or will omit to take, directly
or indirectly, any action which may result in the loss by any of the Underwriters or any person acting for them as the stabilization manager
of the ability to rely on any stabilization safe harbor provided by the Securities and Futures (Price Stabilizing) Rules&nbsp;under the
Securities and Futures Ordinance or otherwise. For the avoidance of doubt, the appointment of the Stabilizing Manager or otherwise pursuant
to the Over-allotment Option as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the
Prospectus, the Application Proof and the PHIP do not constitute such action as described above.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>24</B></FONT></TD><TD STYLE="text-align: justify"><B>Immunity</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">24.1</FONT></TD><TD STYLE="text-align: justify">Under the Laws of Hong Kong, the Cayman Islands, the United States, the PRC or any other relevant jurisdiction,
neither the Company nor the other members of the Group, nor any of the properties, assets or revenues of the Company or the other members
of the Group is entitled to any right of immunity on any grounds from any action, suit or proceeding (including, without limitation, arbitration
proceedings), from set-off or counterclaim, from the jurisdiction of any court, from service of process, from attachment to or in aid
of execution of judgment, or from other action, suit or proceeding for the giving of any relief or for the enforcement of any judgment
or any arbitral award.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>25</B></FONT></TD><TD STYLE="text-align: justify"><B>Further Undertakings</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25.1</FONT></TD><TD STYLE="text-align: justify">As of the date hereof, the issued share capital comprises Class&nbsp;A ordinary shares and Class&nbsp;B
ordinary shares. Upon the Listing, the Company will not have a weighted voting rights structure and all Class&nbsp;B ordinary shares will
be converted and re-designed as Ordinary Shares without any super-voting rights.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 87; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->33<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>26</B></FONT></TD><TD STYLE="text-align: justify"><B>Choice of law and dispute resolution</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26.1</FONT></TD><TD STYLE="text-align: justify">The choice of law provisions set forth in this Agreement or the International Underwriting Agreement will
be recognized and given effect to by the courts of the PRC (subject to applicable PRC laws regarding choice of law and the discretion
of the relevant courts or public policies and other principles to be considered by such courts), Hong Kong, the Cayman Islands and any
other relevant jurisdiction; the Company can sue and be sued in its own name under the Laws of the United States, the PRC, the Cayman
Islands, Hong Kong and any other relevant jurisdiction; the irrevocable submission by the Company to the non-exclusive jurisdiction of
any New York Court (as defined in the International Underwriting Agreement), the waiver by the Company of any objection to the venue of
an action, suit or proceeding in any New York Court, the waiver and agreement not to plead an inconvenient forum, the waiver of all rights
to trial by jury, the irrevocable appointment of the Authorized Agent, the waiver of immunity on the grounds of sovereignty or otherwise,
and the agreement that this Agreement and the International Underwriting Agreement shall be governed by and construed in accordance with
the Laws of the State of New York without regard to any principles of conflict of laws are legal, valid and binding under the Laws of
the PRC, the Cayman Islands, Hong Kong and any other relevant jurisdiction and will be respected by the courts of the PRC (subject to
applicable PRC laws regarding submission to foreign jurisdiction for dispute resolution and the discretion of the relevant courts or public
policies and other principles to be considered by such courts), the Cayman Islands, Hong Kong and any other relevant jurisdiction; service
of process effected in the manner set forth in this Agreement will be effective to confer valid personal jurisdiction over the Company;
any judgment obtained in a New York Court arising out of or in relation to the obligations of the Company under this Agreement will be
recognized and enforced by the courts of the Cayman Islands, Hong Kong and, may be recognized and enforced by the courts of the PRC (subject
to the requirements of the Civil Procedure Law and any other applicable law of the PRC relating to the enforceability of foreign judgments
and the discretion of the relevant courts or public policies and other principles to be considered by such courts).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">26.2</FONT></TD><TD STYLE="text-align: justify">It is not necessary under the Laws of Hong Kong or the Cayman Islands that any of the International Underwriters
or Hong Kong Underwriters should be licensed, qualified or entitled to carry out business in Hong Kong or the Cayman Islands (A)&nbsp;to
enable them to enforce their respective rights under this Agreement or the International Underwriting Agreement or any other document
to be furnished hereunder or thereunder, or (B)&nbsp;solely by reason of the execution, delivery or performance of this Agreement and
the International Underwriting Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>27</B></FONT></TD><TD STYLE="text-align: justify"><B>No other arrangements relating to sale of Offer Shares</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27.1</FONT></TD><TD STYLE="text-align: justify">Except pursuant to this Agreement and the International Underwriting Agreement, neither the Company nor
any of the other members of the Group has incurred any liability, and, other than the sponsors engagement in connection with the Listing,
there are no contracts, agreements or understandings between the Company or any other member of the Group and any person that would give
rise to a valid claim against the Company or any other member of the Group or the Underwriters, for any finder&rsquo;s or broker&rsquo;s
fee or agent&rsquo;s commission or other payments in connection with the execution and delivery of this Agreement and the International
Underwriting Agreement or the offer and sale of the Offer Shares or the consummation of the transactions contemplated hereby and thereby
or by each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package and the Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 88; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->34<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27.2</FONT></TD><TD STYLE="text-align: justify">Neither the Company nor any of the other members of the Group has entered into any contractual arrangement
relating to the offer, sale, distribution or delivery of any Shares other than this Agreement or the International Underwriting Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>28</B></FONT></TD><TD STYLE="text-align: justify"><B>United States aspects</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.1</FONT></TD><TD STYLE="text-align: justify">The Registration Statement, Pricing Prospectus, Prospectus, any Issuer Free Writing Prospectus , and the
filing of the relevant documents with the Commission have been or will be duly authorized by and on behalf of the Company, and the Registration
Statement have been or will be duly executed pursuant to such authorization by and on behalf of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.2</FONT></TD><TD STYLE="text-align: justify">The Offer Shares have been duly registered under the Securities Act pursuant to the Registration Statement.
Except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, there are no persons with registration
rights or other similar rights to have any securities registered for sale pursuant to the Registration Statement or otherwise registered
for sale by the Company under the Securities Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.3</FONT></TD><TD STYLE="text-align: justify">The Company will qualify the Offer Shares for offering and sale under the applicable securities laws of
such states and other jurisdictions (domestic or foreign) as the Joint Global Coordinators may designate and maintain such qualifications
in effect so long as required to complete the distribution of the Offer Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.4</FONT></TD><TD STYLE="text-align: justify">There is and has been no failure on the part of the Company or any other member of the Group or any of
their respective directors or officers, in their capacities as such, to comply with any provision of the Sarbanes-Oxley Act of 2002, as
amended, and the rules&nbsp;and regulations promulgated in connection therewith, including Section&nbsp;402 thereof related to loans and
Sections 302 and 906 thereof related to certifications.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.5</FONT></TD><TD STYLE="text-align: justify">The Company is a &ldquo;foreign private issuer&rdquo; as defined in Rule&nbsp;405 under the Securities
Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.6</FONT></TD><TD STYLE="text-align: justify">Based on the current and anticipated value of the Company's assets and the composition of its income and
assets (taking into account the expected cash proceeds from the offering), including goodwill and other unbooked intangibles, the Company
does not presently expect to be a passive foreign investment company (&ldquo;<B>PFIC</B>&rdquo;) as defined in Section&nbsp;1297 of the
United States Internal Revenue Code of 1986, as amended, for the current taxable year or the foreseeable future.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.7</FONT></TD><TD STYLE="text-align: justify">The Company is not and, after giving effect to the offering and sale of the Offer Shares and the application
of the proceeds thereof as described in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, will not be an &ldquo;investment company&rdquo; within the meaning of the U.S. Investment
Company Act of 1940, as amended.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.8</FONT></TD><TD STYLE="text-align: justify">There are no debt securities or preferred stock of, or guaranteed by, the Company that are rated by a
 &ldquo;nationally recognized statistical rating organization&rdquo; as such term is defined in Section&nbsp;3(a)(62) of the Exchange Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.9</FONT></TD><TD STYLE="text-align: justify">There are no affiliations or associations between (A)&nbsp;any member of FINRA and (B)&nbsp;the Company
or any of the Company&rsquo;s officers, directors or 5% or greater security holders or any beneficial owner of the Company&rsquo;s unregistered
equity securities that were acquired at any time on or after the 180th day immediately preceding the date the Registration Statement was
first filed with the Commission.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 89; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->35<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.10</FONT></TD><TD STYLE="text-align: justify">At the time of filing the Registration Statement and any post-effective amendment thereto, and at the
date hereof, the Company was not and is not an &ldquo;ineligible issuer&rdquo; as defined in Rule&nbsp;405 under the Securities Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.11</FONT></TD><TD STYLE="text-align: justify">The Company was and is a &ldquo;well-known seasoned issuer&rdquo; (as defined in Rule&nbsp;405 under the
Securities Act) eligible to use the Registration Statement as an automatic shelf registration statement in connection with the offering
of the Offer Shares and the Company has not received notice that the SEC objects to the use of the Registration Statement as an automatic
shelf registration statement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.12</FONT></TD><TD STYLE="text-align: justify">The Company has not been identified as a &ldquo;commission-identified issuers&rdquo; as defined in the
Holding Foreign Companies Accountable Act and the rules&nbsp;and regulations thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.13</FONT></TD><TD STYLE="text-align: justify">The Company is subject to the reporting requirements of either Section&nbsp;13 or Section&nbsp;15(d)&nbsp;of
the Exchange Act and files and will file timely reports with the Commission on the Electronic Data Gathering, Analysis, and Retrieval
(EDGAR) system.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">28.14</FONT></TD><TD STYLE="text-align: justify">The interactive data in eXtensible Business Reporting Language included or incorporated by reference in
each of the Registration Statement, the Pricing Disclosure Package and the Prospectus fairly present the information called for and are
prepared in accordance with the Commission&rsquo;s rules&nbsp;and guidelines applicable thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, any certificate signed by any officer
or director of the Company and delivered to the Joint Global Coordinators, the Joint Sponsors, the Joint Bookrunners, the Joint Lead Managers,
the Hong Kong Underwriters and the International Underwriter or any legal counsels to the Hong Kong Underwriters, the International Underwriters
or the Joint Sponsors in connection with the Global Offering shall constitute and be deemed to be a representation and warranty by the
Company as to matters covered thereby, to each of the Joint Global Coordinators, the Joint Sponsors, the Joint Bookrunners, the Joint
Lead Managers, the Hong Kong Underwriters and the International Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 90; Value: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="font-size: 10pt; text-align: center; margin-top: 0pt; margin-bottom: 0pt">Schedule III-<!-- Field: Sequence; Type: Arabic; Name: PageNo -->36<!-- Field: /Sequence -->&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>EXHIBIT&nbsp;A</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OFFICER&rsquo;S CERTIFICATE OF THE COMPANY</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We,
</FONT>Ye Guofu, Chief Executive Officer of MINISO Group Holding Limited, an exempted company incorporated in the Cayman Islands with
limited liability (the &ldquo;<B>Company</B>&rdquo;), pursuant to Section&nbsp;6(b)&nbsp;of the International Underwriting Agreement,
dated July&nbsp;[6], 2022 (the &ldquo;<B>International Underwriting Agreement</B>&rdquo;), among the Company and the several International
Underwriters named therein, and pursuant to Schedule 3 &ndash; Part&nbsp;B - Clause 29 of the Hong Kong underwriting agreement, dated
July&nbsp;29, 2022 (the &ldquo;<B>Hong Kong Underwriting Agreement</B>&rdquo;), among the Company and the several Hong Kong Underwriters
named therein, hereby certify that, to the best of my knowledge after due and careful inquiry:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">The representations and warranties of the Company in the International Underwriting Agreement and the
Hong Kong Underwriting Agreement are true and accurate and not misleading as of the date hereof as though made on and as of this date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">The Company has performed all obligations and satisfied all conditions on its part to be performed or
satisfied pursuant to the International Underwriting Agreement and the Hong Kong Underwriting Agreement at or prior to the date hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There has been no material </FONT>adverse
change in the capital stock, total current assets, total current liabilities, shareholders&rsquo; equity or indebtedness of the Group
as of the date hereof, as compared to amounts shown in the latest audited consolidated balance sheet of the Group as of December&nbsp;31,
2021 included in each of the Registration Statement, the Pricing Disclosure Package and the Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">There have </FONT>been no material
decreases in revenue of the Group during the period from the date of the latest audited consolidated income statement of the Group for
the six months ended December&nbsp;31, 2021 included in each of the Registration Statement, the Pricing Disclosure Package and the Prospectus
to the date hereof, as compared to the corresponding period in the preceding financial year ended June&nbsp;30, 2021 of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Capitalized terms used herein
that are not otherwise defined shall have the same meanings as defined in the International Underwriting Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature page&nbsp;to follow</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IN
WITNESS WHEREOF</B></FONT>, the undersigned has hereunto executed this certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Ye Guofu (&#21494;&#22269;&#23500;)</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Executive Director, Chairman of the Board&nbsp;and Chief Executive Officer</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>EXHIBIT&nbsp;B</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OFFICER&rsquo;S CERTIFICATE OF COMPANY RE NON-COMFORTED
DATA</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I,
Zhang Saiyin, Chief Financial Officer of MINISO Group Holding Limited, </FONT>an exempted company incorporated in the Cayman Islands with
limited liability (the &ldquo;<B>Company</B>&rdquo;), pursuant to Section&nbsp;6(c)&nbsp;of the International Underwriting Agreement,
dated July&nbsp;[6], 2022 (the &ldquo;<B>International Underwriting Agreement</B>&rdquo;), among the Company and the several International
Underwriters named therein, and pursuant to Schedule 3 - Part&nbsp;B - Clause 30 of the Hong Kong underwriting agreement, dated June&nbsp;29,
2022 (the &ldquo;<B>Hong Kong Underwriting Agreement</B>&rdquo;), among the Company and the several Hong Kong Underwriters named therein,
hereby certify that, to the best of our knowledge after due and careful inquiry:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I am</FONT> familiar with the
accounting, operations, records systems and internal controls of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">I have participated in the preparation
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package and the Prospectus. In connection with such participation,&nbsp;I
have reviewed the disclosure in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package and the Prospectus
and have discussed such disclosure with other members of the senior management of the </FONT>Company, the counsels to the Company, the
Joint Global Coordinators, the counsels to the International Underwriters and KPMG as independent reporting accountants to the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">In particular,&nbsp;I have reviewed
the financial and operating data and other information that has been identified on the copies of the Hong Kong Prospectus, the Registration
Statement, the Pricing Disclosure Package and the Prospectus attached hereto as <U>Annex A</U> (the &ldquo;</FONT><B>Company Information</B>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Where the </FONT>Company Information
is derived from the Company&rsquo;s accounting, business and other records,&nbsp;I confirm that the Company Information has been properly
extracted from such records and is accurately reproduced in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package and the Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Capitalized terms used herein
that are not otherwise defined shall have the same meanings as defined in the International Underwriting Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature page&nbsp;to follow</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IN
WITNESS WHEREOF</B></FONT>, the undersigned has hereunto executed this certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Zhang Saiyin (&#24352;&#36187;&#38899;)</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Executive Director, Chief Financial Officer&nbsp;and Executive Vice President</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>EXHIBIT&nbsp;C</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECRETARY&rsquo;S CERTIFICATE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">We,
</FONT>Hoi Ting Wong and Jingjing Zhang, the joint secretary of MINISO Group Holding Limited, an exempted company incorporated in the
Cayman Islands with limited liability (the &ldquo;<B>Company</B>&rdquo;), hereby certify that:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">Attached hereto as Appendix A is a true, accurate and complete copy of the memorandum of association of
the Company (together with copies of resolutions annexed thereto), as amended on [July&nbsp;11], 2022, which are in full force and effect
at all times since the date of adoption (as so amended) to and including the date hereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">Attached hereto as Appendix B are true, accurate and complete copies of resolutions duly adopted by (i)&nbsp;the
board of directors of the Company or a committee thereof at meetings duly called and held on June&nbsp;24, 2022, and (ii)&nbsp;the Company&rsquo;s
shareholders at a meeting duly called and held on [July&nbsp;11], 2022, at each of which a quorum was present and acting throughout; such
resolutions have not been amended, modified or rescinded and remain in full force and effect; and such resolutions are the only resolutions
adopted by the Company&rsquo;s board of directors or any committee thereof or by the Company&rsquo;s shareholders relating to the Global
Offering. In connection with the Global Offering, the Company has entered into the International Underwriting Agreement, dated [July&nbsp;6],
2022 (the &ldquo;<B>International Underwriting Agreement</B>&rdquo;) with several International Underwriters named therein, and the Hong
Kong Underwriting Agreement dated June&nbsp;29, 2022 with several Hong Kong Underwriters named therein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The International Underwriting
Agreement and the Hong Kong Underwriting Agreement, as executed and delivered on behalf of the Company, is in the form or substantially
the form approved by the board of directors of the Company at its meeting held on </FONT>June&nbsp;24, 2022.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">There have not been any written communications, or any memoranda relating to conversations, between the
Company, its directors, officers and employees or, after due and careful inquiry, its accountants, counsel or representatives (excluding,
for the avoidance of doubt, the Joint Sponsors to the Company&rsquo;s application for the listing of the Shares on the SEHK) on the one
hand and the SEHK, the SFC or any applicable Authority, or their respective staff, on the other hand, relating to the Global Offering
and/or the listing of the Shares on the SEHK.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">Each person who, as a director or officer of the Company or attorney-in-fact of such director or officer,
signed the International Underwriting Agreement and the Hong Kong Underwriting Agreement and any other document delivered prior to or
on the date hereof in connection with the Global Offering was at the respective times of such signing and delivery and is now duly elected
or appointed, qualified and acting as such director or officer or duly appointed and acting as such attorney-in-fact, and the signatures
of such persons appearing on such documents are their genuine signatures.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">Capitalized terms used herein
that are not otherwise defined shall have the same meanings as defined in the International Underwriting Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[<I>Signature pages&nbsp;to
follow</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IN
WITNESS WHEREOF</B></FONT>, the undersigned has hereunto executed this certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Hoi Ting Wong</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Joint Company Secretary</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IN
WITNESS WHEREOF</B></FONT>, the undersigned has hereunto executed this certificate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Jingjing Zhang</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Joint Company Secretary</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>EXHIBIT&nbsp;D</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>OVER-ALLOTMENT OPTION EXERCISE NOTICE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[</FONT>&#9679;]
2022</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 4%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">To:</FONT></TD><TD STYLE="text-align: justify; width: 96%">MINISO Group Holding Limited</TD>
</TR><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: justify">(the &ldquo;<B>Company</B>&rdquo;)</TD></TR>
     </TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dear Sirs,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reference
is made to the International Underwriting Agreement dated [</FONT>&#9679;] 2022 (the &ldquo;<B>International Underwriting Agreement</B>&rdquo;)
between, <I>inter alios</I>, the Company and the several International Underwriters named therein in relation to the International Offering
of ordinary shares (the &ldquo;<B>Shares</B>&rdquo;) of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Capitalized terms used and not otherwise defined
herein shall have the meanings given to them in the International Underwriting Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
behalf of the International Underwriters, we hereby give you notice of the exercise by the International Underwriters of their right,
pursuant to Section&nbsp;1 of the International Underwriting Agreement, to elect to purchase a further [</FONT>&#9679;] Option Shares.
We hereby request that delivery of the Option Shares take place on or around [&#9679;] a.m.&nbsp;on [&#9679;] 2022.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This letter shall be governed by and construed
in accordance with the Laws of the State of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This letter may be executed in counterparts. Each
counterpart shall constitute an original of this letter but shall together constitute a single document.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We should be grateful if you would confirm your
acceptance of the above by countersigning below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signatures to Follow</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For and on behalf of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Merrill Lynch (Asia Pacific) Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Yvonne Lo</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For and on behalf of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Haitong International Securities Company Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Ho, Kenneth Shiu Pong</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Managing Director</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For and on behalf of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>UBS AG Hong Kong Branch</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Bing Lei</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Executive Director</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name: Vincent Tang</TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title: Director</TD>
    <TD>&nbsp;</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">For and on behalf of</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>UBS Securities LLC</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">For good and valuable consideration, we hereby
confirm our acceptance and acknowledgement of the terms set out herein</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>MINISO Group Holding Limited</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 4%">By:</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 46%">&nbsp;</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Name:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">Title:</TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1.2
<SEQUENCE>3
<FILENAME>tm2210726d13_ex1-2.htm
<DESCRIPTION>EXHIBIT 1.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit&nbsp;1.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DATED JUNE 29, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-transform: uppercase"><B>MINISO
group holding limited</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MERRILL LYNCH (ASIA PACIFIC) LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HAITONG INTERNATIONAL CAPITAL LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HAITONG INTERNATIONAL SECURITIES COMPANY LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UBS AG HONG KONG BRANCH</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UBS SECURITIES HONG KONG
LIMITED</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>THE HONG KONG UNDERWRITERS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>(named
in </B></FONT><B>&lrm;SCHEDULE 1)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>_____________________________________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>HONG KONG UNDERWRITING AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>relating to a public offering in Hong Kong
of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>initially 4,110,000 Shares of nominal value
of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>US$0.00001 per Share in the capital of</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MINISO Group Holding Limited,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>being part of a global offering of initially</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>41,100,000 Shares&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>_____________________________________________________</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>Table of Contents</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><U>Page</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>1.</B></FONT></TD>
    <TD STYLE="width: 90%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;DEFINITIONS AND INTERPRETATION</B></FONT></TD>
    <TD STYLE="text-align: right; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CONDITIONS</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>3.</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;APPOINTMENTS</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>4. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>THE HONG KONG PUBLIC OFFERING</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">19</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>5. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ALLOTMENT AND PAYMENT</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">25</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>6. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>COMMISSIONS AND COSTS</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">27</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>7. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>STABILIZATION</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">30</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>8. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">31</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>9. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RESTRICTIONS ON ISSUE OR DISPOSAL OF SECURITIES</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">34</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>10.</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;FURTHER UNDERTAKINGS</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">35</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>11. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>TERMINATION</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">39</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>12.</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;INDEMNITY</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">44</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>13. </B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>ANNOUNCEMENTS</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>14.</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;CONFIDENTIALITY</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">48</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>15.</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;NOTICES</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">49</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>16.</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;GOVERNING LAW; DISPUTE RESOLUTION; WAIVER
    OF IMMUNITY</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">51</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>17.</B></FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>&nbsp;GENERAL PROVISIONS</B></FONT></TD>
    <TD STYLE="text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">52</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Schedule
    </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1 THE HONG KONG UNDERWRITERS</FONT></B></TD>
    <TD STYLE="text-align: right">69</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Schedule
    </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2 THE WARRANTIES</FONT></B></TD>
    <TD STYLE="text-align: right">70</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Schedule
    </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3 CONDITIONS PRECEDENT DOCUMENTS</FONT></B></TD>
    <TD STYLE="text-align: right">110</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Schedule
    </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4 SET-OFF ARRANGEMENTS</FONT></B></TD>
    <TD STYLE="text-align: right">118</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Schedule
    </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5 ADVERTISING ARRANGEMENTS</FONT></B></TD>
    <TD STYLE="text-align: right">119</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><B>&nbsp;</B></TD>
    <TD><B>&nbsp;</B></TD>
    <TD STYLE="text-align: right">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; text-transform: uppercase"><B>Schedule
    </B></FONT><B><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6 PROFESSIONAL INVESTOR TREATMENT NOTICE</FONT></B></TD>
    <TD STYLE="text-align: right">120</TD></TR>
  </TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify; text-indent: -0.5in"><B>THIS AGREEMENT
is made on June&nbsp;29, 2022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>BETWEEN</B></FONT>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(1)</FONT></TD><TD STYLE="text-align: justify"><B>MINISO
                                            Group Holding Limited</B>, an exempted company with limited liability incorporated in the
                                            Cayman Islands having its registered address at PO Box 309, Ugland House, Grand Cayman, KY1-1104,
                                            Cayman Islands (the &ldquo;<B>Company</B>&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(2)</FONT></TD><TD STYLE="text-align: justify"><B>MERRILL
                                            LYNCH (ASIA PACIFIC) LIMITED</B> of 55/F, Cheung Kong Center, 2 Queen's Road Central, Central,
                                            Hong Kong (&ldquo;<B>BofA Securities</B>&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(3)</FONT></TD><TD STYLE="text-align: justify"><B>Haitong
                                            International Capital Limited</B> of Suites 3001-3006 and 3015-3016, One International Finance
                                            Centre, No.&nbsp;1 Harbour View Street, Hong Kong (&ldquo;<B>HIC</B>&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(4)</FONT></TD><TD STYLE="text-align: justify"><B>Haitong
                                            International Securities Company Limited</B> of 28/F, One International Finance Centre, No.1
                                            Harbour View Street, Central, Hong Kong (&ldquo;<B>HIS</B>&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(5)</FONT></TD><TD STYLE="text-align: justify"><B>UBS
                                            AG HONG KONG BRANCH<FONT STYLE="font-family: Times New Roman, Times, Serif"><SUP>1</SUP></FONT></B>
                                            of 52/F, Two International Finance Centre, 8 Finance Street, Central, Hong Kong (&ldquo;<B>UBS
                                            AG</B>&rdquo;);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(6)</FONT></TD><TD STYLE="text-align: justify"><B>UBS
                                            SECURITIES HONG KONG LIMITED</B> of 52/F, Two International Finance Centre, 8 Finance Street,
                                            Central, Hong Kong (&ldquo;<B>UBS Securities</B>&rdquo;);and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(7)</FONT></TD><TD STYLE="text-align: justify"><B>THE
                                            HONG KONG UNDERWRITERS </B>whose names and addresses are set out in Schedule 1 (the &ldquo;<B>Hong
                                            Kong Underwriters</B>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>RECITALS</B></FONT>:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(A)</TD><TD STYLE="text-align: justify">The Company is an exempted company incorporated
                                            in the Cayman Islands with limited liability and is registered in Hong Kong as a non-Hong
                                            Kong company under Part&nbsp;16 of the Companies Ordinance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(B)</FONT></TD><TD STYLE="text-align: justify">The
                                            Company proposes to conduct the Global Offering pursuant to which it will offer and sell
                                            Shares (as defined below) to the public in Hong Kong in the Hong Kong Public Offering and
                                            will concurrently offer and sell Shares pursuant to the registration statement on Form&nbsp;F-3
                                            ASR that was filed with the SEC on March&nbsp;31, 2022, including the preliminary prospectus
                                            supplement dated June&nbsp;30, 2022 and the final prospectus supplement to be filed with
                                            SEC on or about July&nbsp;6, 2022 in the United States and outside of the United States to
                                            institutional and professional investors and other investors expected to have a sizeable
                                            demand for the Shares in the International Offering. BofA Securities, HIS UBS AG are acting
                                            as the joint global coordinators of the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(C)</FONT></TD><TD STYLE="text-align: justify">In
                                            conjunction with the Global Offering, the Company has made an application to the SEHK for
                                            the listing of, and permission to deal in, (i)&nbsp;the Shares in issue and to be issued
                                            pursuant to the Global Offering (including the additional Shares which may be issued pursuant
                                            to the exercise of the Over-allotment Option); and (ii)&nbsp;the Shares to be issued pursuant
                                            to the 2020 Share Incentive Plan, on the Main Board of the SEHK. BofA Securities, HIC and
                                            UBS Securities are acting as the joint sponsors in relation to the Company&rsquo;s listing
                                            application.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>1</SUP> UBS AG is incorporated in Switzerland with limited liability.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(D)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
                                            Hong Kong Underwriters have agreed to </FONT>severally underwrite the Hong Kong Public Offering
                                            upon and subject to the terms and conditions hereinafter contained.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(E)</TD><TD STYLE="text-align: justify">The Company has agreed to give the representations,
                                            warranties, undertakings and indemnities hereinafter contained in favour of the Joint Sponsors,
                                            the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Hong
                                            Kong Underwriters.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(F)</TD><TD STYLE="text-align: justify">The Company and the International Underwriters
                                            intend to enter into the International Underwriting Agreement providing for the International
                                            Underwriters to severally purchase or procure investors to purchase the Shares offered by
                                            the Company in the International Offering, upon and subject to the terms and conditions therein
                                            contained. The Company further intends to grant the Over-allotment Option to the International
                                            Underwriters to severally purchase or procure investors to purchase from the Company additional
                                            Shares as may be necessary to cover, among other things, any over-allotments made in the
                                            International Offering, upon and subject to the terms and conditions of the International
                                            Underwriting Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(G)</TD><TD STYLE="text-align: justify">The Company has appointed Computershare Hong
                                            Kong Investor Services Limited to act as its Hong Kong share registrar and transfer agent
                                            for the Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(H)</TD><TD STYLE="text-align: justify">The Company has appointed Industrial and Commercial
                                            Bank of China (Asia) Limited to act as the receiving bank in relation to the Hong Kong Public
                                            Offering and ICBC(Asia) Nominee Limited to act as the nominee to hold the application monies
                                            received by the receiving bank under the Hong Kong Public Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(I)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Pursuant
                                            to the written resolutions of the board of directors of the Company passed on June&nbsp;24,
                                            2022</FONT>, inter alia, the Directors approved, and any one Director was authorized to sign
                                            on behalf of the Company, this Agreement and all the other relevant documents in connection
                                            with the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>NOW
IT IS HEREBY AGREED</B></FONT> as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>1.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>DEFINITIONS
                                            AND INTERPRETATION</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.1.</FONT></TD><TD STYLE="text-align: justify"><B>Defined
                                            terms and expressions</B>: Except where the context otherwise requires, in this Agreement,
                                            including the Recitals and the Schedules, the following terms and expressions shall have
                                            the respective meanings set out below:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>2020 Share Incentive Plan</B>&rdquo;
means the share incentive plan the Company adopted in September&nbsp;2020, as amended from time to time, the principal terms of which
are set out in &ldquo;Statutory and General Information&mdash; D. 2020 Share Incentive Plan&rdquo; in Appendix V to the Hong Kong Prospectus;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Acceptance
Date</B>&rdquo; means July&nbsp;6</FONT>, 2022, being the date on which the Application Lists close in accordance with the provisions
of Clause 4.4;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Accepted
Hong Kong Public Offering Applications</B>&rdquo;</FONT> means the Hong Kong Public Offering Applications which are from time to time
accepted in whole or in part, pursuant to Clause 4.5;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Admission</B>&rdquo;
</FONT>means the grant by the Listing Committee of the SEHK of the listing of, and permission to deal in, (i)&nbsp;the Shares in issue
and to be issued pursuant to the Global Offering (including the additional Shares which may be issued pursuant to the exercise of the
Over-allotment Option); and (ii)&nbsp;the Shares to be issued pursuant to the 2020 Share Incentive Plan, on the Main Board of the SEHK;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>ADS(s)</B>&rdquo; means American
Depositary Shares, each of which represents four Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Application Lists</B>&rdquo;
means the application lists in respect of the Hong Kong Public Offering referred to in Clause 4.4;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Application Proof</B>&rdquo;
means the application proof of the prospectus of the Company submitted to the SEHK on March&nbsp;31, 2022;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Approvals and Filings</B>&rdquo;
means any approvals, licences, consents, authorizations, permits, permissions, clearances, certificates, orders, concessions, qualifications,
registrations, declarations and/or filings;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Articles
of Association</B>&rdquo; means </FONT>the second amended and restated articles of association of the Company conditionally adopted by
a special resolutions of the shareholders of the Company on September&nbsp;22, 2020, the amendments to which will be put forth for voting
at the upcoming shareholders' meeting of the Company before the Listing Date and, upon adoption, will take effect upon the listing of
the Shares on the Main Board of the SEHK;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Authority</B>&rdquo; means
any legislative, administrative, governmental or regulatory commission, board, body, authority or agency, or any stock exchange, self-regulatory
organisation or other non-governmental regulatory authority, or any court, tribunal or arbitrator, in each case whether national, central,
federal, provincial, state, regional, municipal, local, domestic, foreign or supranational;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Authorized Agent</B>&rdquo;
shall have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Board</B>&rdquo; means the
board of Directors of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Brokerage</B>&rdquo;
means </FONT>the brokerage at the rate of 1.0% of the Public Offer Price in respect of the Hong Kong Offer Shares or 1.0% of the International
Offer Price in respect of the International Offer Shares (as the case may be), payable by investors in the Global Offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Business Day</B>&rdquo; means
a day (other than Saturday or Sunday) on which banking institutions in Hong Kong are open generally for normal banking business;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>CCASS</B>&rdquo; means the
Central Clearing and Settlement System established and operated by HKSCC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Companies Ordinance</B>&rdquo;
means the Companies Ordinance (Chapter 622 of the Laws of Hong Kong);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Companies (Winding Up and
Miscellaneous Provisions) Ordinance</B>&rdquo; means the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Chapter 32 of
the Laws of Hong Kong);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Conditions</B>&rdquo; means
the conditions precedent set out in Clause 2.1;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Conditions
Precedent Documents</B>&rdquo; means the documents listed in Parts A and B of </FONT>&lrm;Schedule 3 of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;</FONT><B>Contracts
(Rights of Third Parties) Ordinance</B>&rdquo; means the Contracts (Rights of Third Parties) Ordinance (Chapter 623 of the laws of Hong
Kong), as amended or supplemented from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Directors</B>&rdquo; means
the directors of the Company whose names are set out in the section headed &ldquo;Directors and Senior Management&rdquo; of the Hong
Kong Prospectus;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Encumbrance</B>&rdquo; means
any mortgage, charge, pledge, lien or other security interest or any option, restriction, right of first refusal, right of pre-emption
or other third party claim, right, interest or preference or any other encumbrance of any kind;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Exchange Act</B>&rdquo; means
the United States Securities Exchange Act of 1934, as amended from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>FINRA</B>&rdquo; means the
Financial Industry Regulatory Authority,&nbsp;Inc.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Formal Notice</B>&rdquo;
means the press announcement in agreed form to be issued in connection with the Hong Kong Public Offering pursuant to the Listing Rules;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>FRC</B>&rdquo; means the
Financial Reporting Council of Hong Kong;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Global Offering</B>&rdquo;
means the Hong Kong Public Offering and the International Offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&ldquo;Green
Application Form(s)</B></FONT>&rdquo; means the application form(s)&nbsp;to be completed by the White Form&nbsp;eIPO Service Provider
in connection with the Hong Kong Public Offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Group</B>&rdquo; means the
Company and all of its Subsidiaries, and the expression &ldquo;<B>member of the Group</B>&rdquo; shall be construed accordingly;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>HK$</B>&rdquo; or &ldquo;<B>Hong
Kong dollars</B>&rdquo; means Hong Kong dollars, the lawful currency of Hong Kong;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>HKSCC</B>&rdquo; means Hong
Kong Securities Clearing Company Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong</B>&rdquo; means
the Hong Kong Special Administrative Region of the PRC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Offer Shares</B>&rdquo;
means 4,110,000 new Shares being initially offered by the Company under the Hong Kong Public Offering, subject to adjustment and reallocation
as provided in Clauses 2.6, 4.11 and 4.12, as applicable;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Prospectus</B>&rdquo;
means the prospectus in agreed form, relating to the Hong Kong Public Offering, to be issued by the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Hong
Kong Prospectus Date</B>&rdquo; means the date of issue of the Hong Kong Prospectus, which is expected to be on or around June&nbsp;3</FONT><FONT STYLE="font-family: Symbol">0</FONT>,
2022;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Public Offering</B>&rdquo;
means the offering and sale of the Hong Kong Offer Shares to the public in Hong Kong upon and subject to the terms and conditions of
this Agreement and the Hong Kong Public Offering Documents;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Public Offering
Applications</B>&rdquo; means applications to purchase Hong Kong Offer Shares made online through the White Form&nbsp;eIPO Service at
<U>www.eipo.com.hk,</U> or through CCASS EIPO service to electronically cause HKSCC Nominees Limited to apply on an applicant&rsquo;s
behalf and otherwise made in compliance with the terms of the Hong Kong Public Offering Documents, including for the avoidance of doubt
the Hong Kong Underwriter&rsquo;s Applications;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Public Offering
Documents</B>&rdquo; means the Application Proof, the PHIP, the Hong Kong Prospectus, the Green Application Form&nbsp;and the Formal
Notice;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Public Offering
Over-Subscription</B>&rdquo; has the meaning ascribed to it in Clause 4.11;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Public Offering
Under-Subscription</B>&rdquo; has the meaning ascribed to it in Clause 4.6;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Hong
Kong Public Offering Underwriting Commitment</B>&rdquo; means, in relation to any Hong Kong Underwriter, the number of Hong Kong Offer
Shares which such Hong Kong Underwriter has agreed to procure applications to purchase, or failing which itself as principal apply to
purchase, pursuant to the terms of this Agreement, as set forth opposite the name of such Hong Kong Underwriter in </FONT>&lrm;Schedule
1, subject to reallocation as provided in Clauses 2.6 and 4.12;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Share Registrar</B>&rdquo;
means Computershare Hong Kong Investor Services Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Hong Kong Underwriter&rsquo;s
Application</B>&rdquo; means, in relation to any Hong Kong Underwriter, a Hong Kong Public Offering Application made or procured to be
made by such Hong Kong Underwriter as provided in Clause 4.7 which is applied to reduce the Hong Kong Public Offering Underwriting Commitment
of such Hong Kong Underwriter pursuant to Clause 4.7;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Industry Consultant</B>&rdquo;
means Frost&nbsp;&amp; Sullivan (Beijing) Inc., Shanghai Branch Co.;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Internal Control Consultant</B>&rdquo;
means KPMG Advisory (China) Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>International Offer Price</B>&rdquo;
means the final offer price per International Offer Share in Hong Kong dollars (exclusive of brokerage of 1%, SFC transaction levy of
0.0027%, Hong Kong Stock Exchange trading fee of 0.005% and the FRC transaction levy of 0.00015%);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>International
Offer Shares</B>&rdquo; means 36,990,000 </FONT>Shares initially proposed to be offered by the Company for purchase by, or by purchasers
procured by, the International Underwriters under the International Offering, subject to adjustment and reallocation in accordance with
the International Underwriting Agreement, together with the Option Shares;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>International
Offering</B>&rdquo; means the</FONT> offering and sale of the International Offer Shares under the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>International Offering Underwriting
Commitment</B>&rdquo; means, in relation to any International Underwriter, the number of International Offer Shares in respect of which
such International Underwriter has agreed to purchase or procure investors to purchase pursuant to the terms of the International Underwriting
Agreement, subject to adjustment and reallocation in accordance with the International Underwriting Agreement and subject to the Over-allotment
Option;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>International Underwriters</B>&rdquo;
mean the persons named as such in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>International Underwriting
Agreement</B>&rdquo; means the international underwriting agreement relating to the International Offering to be entered into between,
among others, the Company, the Joint Global Coordinators and the International Underwriters;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Investor Presentation Materials</B>&rdquo;
means all information, materials and documents issued, given or presented in any of the investor presentations and/or roadshow presentations
conducted by or on behalf of the Company in connection with the Global Offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Issuer Free Writing Prospectus</B>&rdquo;
shall have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Joint
Bookrunners</B>&rdquo; means BofA Securities, HIS, UBS AG </FONT>and UBS Securities LLC (in relation to the International Offering only);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Joint Global Coordinators</B>&rdquo;
means BofA Securities, HIS and UBS AG;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Joint
Lead Managers</B>&rdquo; means BofA Securities, HIS, UBS AG,</FONT> UBS Securities LLC (in relation to the International Offering only),
Futu Securities International (Hong Kong) Limited and GF Securities (Hong Kong) Brokerage Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Joint
Sponsors</B>&rdquo; means </FONT>BofA Securities, HIC and UBS Securities;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Laws</B>&rdquo; means any
and all national, central, federal, provincial, state, regional, municipal, local, domestic or foreign laws (including, without limitation,
any common law or case law), statutes, ordinances, legal codes, regulations or rules&nbsp;(including, without limitation, any and all
regulations, rules, orders, judgments, decrees, rulings, opinions, guidelines, measures, notices or circulars (in each case, whether
formally published or not and to the extent mandatory or, if not complied with, the basis for legal, administrative, regulatory or judicial
consequences) of any Authority);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Listing Committee</B>&rdquo;
means the listing committee of the SEHK;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Listing
Date</B>&rdquo; means the first day on which the Shares commence trading on the SEHK (which is expected to be on July&nbsp;</FONT>[<FONT STYLE="font-family: Symbol">13</FONT>],
2022);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Listing Rules</B>&rdquo;
means The Rules&nbsp;Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited and the listing decisions, guidelines
and other requirements of the SEHK;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Material Adverse Effect</B>&rdquo;
means a material adverse change, or any development involving a prospective material adverse change, on or affecting (i)&nbsp;the assets,
liabilities, business, general affairs, management, prospects, shareholders&rsquo; equity, profits, losses, results of operations, business
prospects, position or condition, financial or otherwise, or performance of the Company and the other members of the Group, taken as
a whole;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Nominee</B>&rdquo;
means </FONT>ICBC(Asia) Nominee Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>NYSE</B>&rdquo; means the
New York Stock Exchange;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Offer-Related
Documents</B>&rdquo; has the meaning set out in Clause 11.1.2</FONT>&lrm; of this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Offer
Shares</B>&rdquo; means </FONT>the Hong Kong Offer Shares offered at the Public Offer Price and the International Offer Shares offered
at the International Offer Price, each being offered under the Global Offering, together with any additional Shares to be issued pursuant
to the exercise of the Over-allotment Option;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Offering
Documents</B>&rdquo; means the Hong Kong Public Offering Documents, the Preliminary Prospectus, the Pricing Disclosure Package, the Registration
Statement,</FONT> the Issuer Free Writing Prospectus (if any) and any other document issued, given or used in connection with the contemplated
offering and sale of the Offer Shares or otherwise in connection with the Global Offering, including, without limitation, any Investor
Presentation Materials relating to the Offer Shares and, in each case, all amendments or supplements thereto, whether or not approved
by the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers or any of the Underwriters;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Operative Documents</B>&rdquo;
means the Price Determination Agreement, the Receiving Bank Agreement, and the Registrar Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Option Shares</B>&rdquo;
means up to 6,165,000 additional Shares to be purchased by, or by investors procured by, the International Underwriters from the Company
pursuant to the Over-allotment Option;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Over-allotment Option</B>&rdquo;
means the option to be granted under the International Underwriting Agreement by the Company to the International Underwriters, exercisable
by the Stabilizing Manager on behalf of the International Underwriters, to severally purchase or procure investors to purchase from the
Company all or a portion of the Option Shares as may be necessary to cover, among other things, over-allotments made in connection with
the International Offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>PHIP</B>&rdquo;
means the post hearing information pack of the Company </FONT>posted on the SEHK&rsquo;s website at <U>www.hkexnews.hk</U> on June&nbsp;27,
2022, including each amendment and supplement thereto posted on the SEHK&rsquo;s website;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>PRC</B>&rdquo; means the
People&rsquo;s Republic of China, which for the purposes of this Agreement shall not include Hong Kong, Taiwan and the Macau Special
Administrative Region of the People&rsquo;s Republic of China;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Preliminary Prospectus</B>&rdquo;
shall have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Price
Determination Agreement</B>&rdquo; means the agreement in agreed form to be entered into between the Company and the </FONT>Joint Global
Coordinators (for themselves and on behalf of the Underwriters) on the Price Determination Date to record the Public Offer Price and
the International Offer Price;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Price Determination Date</B>&rdquo;
means the date on which the Public Offer Price and the International Offer Price are fixed for the purposes of the Global Offering in
accordance with Clause 2.5;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Pricing Disclosure Package</B>&rdquo;
shall have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Pricing Prospectus</B>&rdquo;
shall have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Property
Valuer</B>&rdquo; means </FONT>Jones Lang LaSalle Corporate Appraisal and Advisory Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Prospectus</B>&rdquo; shall
have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Public Offer Price</B>&rdquo;
means the final offer price per Hong Kong Offer Share in Hong Kong dollars (exclusive of brokerage of 1%, SFC transaction levy of 0.0027%,
Hong Kong Stock Exchange trading fee of 0.005% and FRC transaction levy of 0.00015%);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Receiving
Bank</B>&rdquo; means </FONT>Industrial and Commercial Bank of China (Asia) Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Receiving
Bank Agreement</B>&rdquo; means the agreement dated</FONT> June&nbsp;27, 2022 entered into between the Company, the Receiving Bank, the
Joint Global Coordinators, the Joint Sponsors, the Hong Kong Share Registrar and the Nominee;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Registrar
Agreement</B>&rdquo; means the agreement dated</FONT> May&nbsp;30, 2022 entered into between the Company and the Hong Kong Share Registrar;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Registration Statement</B>&rdquo;
shall have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Reporting Accountants</B>&rdquo;
means KPMG;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>RMB</B>&rdquo; or &ldquo;<B>Renminbi</B>&rdquo;
means renminbi, the lawful currency of the PRC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>SEC</B>&rdquo; or &ldquo;Commission&rdquo;
means The U.S. Securities and Exchange Commission</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Securities Act</B>&rdquo;
means the United States Securities Act of 1933, as amended from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Securities and Futures Ordinance</B>&rdquo;
means the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong), as amended from time to time;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>SEHK</B>&rdquo; or &ldquo;<B>Stock
Exchange</B>&rdquo; means The Stock Exchange of Hong Kong Limited;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Securities
and Futures (Stock Market Listing) Rules</B>&rdquo; means the </FONT>Securities and Futures (Stock Market Listing) Rules&nbsp;(Chapter
571V of the Laws of Hong Kong);</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>SFC</B>&rdquo; means the
Securities and Futures Commission of Hong Kong;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Shares</B>&rdquo; means ordinary
shares of US$0.00001 each in the issued share capital of the Company, representing the Class&nbsp;A ordinary shares of the Company as
of the date of this Agreement, which shall be re-designated into ordinary Shares upon the Global Offering upon the approval of the amended
articles of association of the Company to be put forth at the shareholders' meeting of the Company before the proposed Listing Date;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Sponsors
Engagement Letter</B>&rdquo; means the sponsors engagement letter entered into between the Joint Sponsors and the Company dated January&nbsp;28,
2022 in connection </FONT>with the proposed listing of the Company;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Stabilizing Manager</B>&rdquo;
means Merrill Lynch International;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&ldquo;Stock
Borrowing Agreement&rdquo;</B></FONT> means the stock borrowing agreement to be entered into between LMX MC Limited and the Stabilizing
Manager pursuant to which the Stabilizing Manager may request LMX MC Limited to make available to the Stabilizing Manager on a temporary
basis of up to <FONT STYLE="font-family: Symbol">6,165,000</FONT> Shares to, among other things, cover part of the International Offering;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>Subsidiaries</B>&rdquo;
means the subsidiaries of the Company</FONT> as the term is defined under the Listing Rules, including, but not limited to the companies
named in Appendix I to the Hong Kong Prospectus as subsidiaries of the Company, and &ldquo;<B>Subsidiary</B>&rdquo; means any one of
them;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Taxation</B>&rdquo; or &ldquo;<B>Taxes</B>&rdquo;
means all forms of taxation whenever created, imposed or arising and whether of Hong Kong, the PRC or of any other part of the world
and, without prejudice to the generality of the foregoing, includes all forms of taxation on or relating to profits, salaries, interest
and other forms of income, taxation on capital gains, sales and value added taxation, estate duty, death duty, capital duty, stamp duty,
payroll taxation, withholding taxation, rates and other taxes or charges relating to property, customs and other import and excise duties,
and generally any taxation, duty, fee, assessment, impost, levy, rate, charge or any amount payable to taxing, revenue, customs or fiscal
Authorities whether of Hong Kong, the PRC or of any other part of the world, whether by way of actual assessment, loss of allowance,
withholding, deduction or credit available for relief or otherwise, and including all interest, additions to tax, penalties or similar
liabilities arising in respect of any taxation, other than taxation in whatever form imposed in respect of net income by a taxing jurisdiction
wherein the Joint Sponsors, the Joint Global Coordinators or the Hong Kong Underwriters are incorporated or resident for tax purposes
arising out of any commission or fees received by any of such parties pursuant to this Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Testing-the-Waters Communication</B>&rdquo;
shall have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Time of Delivery</B>&rdquo;
shall have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Time of Sale</B>&rdquo; shall
have the meaning ascribed thereto in the International Underwriting Agreement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Trading Fee</B>&rdquo; means
the trading fee at the rate of 0.005% of the Offer Price in respect of the Offer Shares imposed by the SEHK;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Transaction Levy</B>&rdquo;
means the transaction levy at the rate of 0.0027% of the Offer Price in respect of the Offer Shares imposed by the SFC and the transaction
levy at the rate of 0.00015% of the Offer Price in respect of the Offer Shares imposed by the FRC;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Underwriters</B>&rdquo; means
the Hong Kong Underwriters and the International Underwriters; &ldquo;<B>U.S.</B>&rdquo; and &ldquo;<B>United States</B>&rdquo; means
the United States of America;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;<B>US$</B>&rdquo; means United States dollars,
the lawful currency of the United States;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Verification Notes</B>&rdquo;
means the verification notes relating to the Hong Kong Prospectus, copies of which have been signed and approved by, among others, the
Directors;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Warranties</B>&rdquo; means
the representations, warranties, agreements and undertakings of the Company as set out in Schedule 2;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>&ldquo;White
Form&nbsp;eIPO Service</B></FONT>&rdquo; means the facility offered by the Company through the Hong Kong Share Registrar as the service
provider designated by the Company allowing investors to apply electronically to purchase the Offer Shares in the Hong Kong Public Offering
on a website designated for such purpose, as provided for and disclosed in the Hong Kong Prospectus;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>White Form&nbsp;eIPO Service
Provider</B>&rdquo; means Computershare Hong Kong Investor Services Limited; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">&ldquo;<B>Written Testing-the-Waters
Communication</B>&rdquo; shall have the meaning ascribed thereto in the International Underwriting Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.2.</FONT></TD><TD STYLE="text-align: justify"><B>Headings</B>:
                                            The headings in this Agreement are for convenience only and shall not affect the interpretation
                                            of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.3.</FONT></TD><TD STYLE="text-align: justify"><B>Recitals
                                            and Schedules</B>: The Recitals and Schedules form part of this Agreement and shall have
                                            the same force and effect as if expressly set out in the body of this Agreement and any reference
                                            to this Agreement shall include the Recitals and the Schedules.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.</FONT></TD><TD STYLE="text-align: justify"><B>References</B>:
                                            Except where the context otherwise requires, in this Agreement:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.1</FONT></TD><TD STYLE="text-align: justify">references
                                            to an &ldquo;<B>affiliate</B>&rdquo;, (i)&nbsp;in relation to any person, shall be to any
                                            other person which directly or indirectly through one or more intermediaries controls or
                                            is controlled by or is under common control with such person and (ii)&nbsp;in relation to
                                            a particular company, any company or other entity which is its holding company or subsidiary,
                                            or any subsidiary of its holding company or which directly or indirectly through one or more
                                            intermediaries, controls or is controlled by, or is under common control with, the company
                                            specified; for the purposes of the foregoing, &ldquo;<B>control</B>&rdquo; means the power,
                                            directly or indirectly, to direct or cause the direction of the management and policies of
                                            a person, whether through the ownership of voting securities, by contract or otherwise, and
                                            &ldquo;<B>controlled by</B>&rdquo; and &ldquo;<B>under common control with</B>&rdquo; shall
                                            be construed accordingly;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.2</FONT></TD><TD STYLE="text-align: justify">references
                                            to &ldquo;<B>Clauses</B>&rdquo;, &ldquo;<B>Recitals</B>&rdquo; and &ldquo;<B>Schedules</B>&rdquo;
                                            are to clauses of and recitals and schedules to this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.3</FONT></TD><TD STYLE="text-align: justify">the
                                            terms &ldquo;<B>herein</B>&rdquo;, &ldquo;<B>hereof</B>&rdquo;, &ldquo;<B>hereto</B>&rdquo;,
                                            &ldquo;<B>hereinafter</B>&rdquo; and similar terms, shall in each case refer to this Agreement
                                            as a whole and not to any particular clause, paragraph, sentence, schedule or other subdivision
                                            of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.4</FONT></TD><TD STYLE="text-align: justify">the
                                            term &ldquo;<B>or,</B>&rdquo; is not exclusive;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.5</FONT></TD><TD STYLE="text-align: justify">references
                                            to &ldquo;<B>persons</B>&rdquo; shall include bodies corporate, unincorporated associations
                                            and partnerships;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.6</FONT></TD><TD STYLE="text-align: justify">the
                                            terms &ldquo;<B>purchase</B>&rdquo; and &ldquo;<B>purchaser</B>&rdquo;, when used in relation
                                            to the Shares, shall include, respectively, a subscription for the Shares and a subscriber
                                            for the Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.7</FONT></TD><TD STYLE="text-align: justify">the
                                            terms &ldquo;<B>sell</B>&rdquo; and &ldquo;<B>sale</B>&rdquo;, when used in relation to the
                                            Shares, shall include an allotment or issuance of the Shares by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.8</FONT></TD><TD STYLE="text-align: justify">references
                                            to a &ldquo;<B>subsidiary</B>&rdquo; or &ldquo;<B>holding company</B>&rdquo; shall be to
                                            the same as defined in Part&nbsp;1 Division 4 of the Companies Ordinance;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.9</FONT></TD><TD STYLE="text-align: justify">references
                                            to any statute or statutory provisions, or rules&nbsp;or regulations (whether or not having
                                            the force of law), shall be construed as references to the same as amended, varied, modified,
                                            consolidated, re-enacted and/or replaced from time to time (whether before or after the date
                                            of this Agreement) and to any subordinate legislation made under such statutes or statutory
                                            provisions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.10</FONT></TD><TD STYLE="text-align: justify">references
                                            to a document being &ldquo;<B>in agreed form</B>&rdquo; shall mean in the form of the draft
                                            thereof agreed in writing between the Company and the Joint Global Coordinators;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.11</FONT></TD><TD STYLE="text-align: justify">references
                                            to a &ldquo;<B>certified copy</B>&rdquo; means a copy certified as a true copy by a Director
                                            or the secretary of the Company or the legal counsel to the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.12</FONT></TD><TD STYLE="text-align: justify">references
                                            to writing shall include any mode of reproducing words in a legible and non-transitory form;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.13</FONT></TD><TD STYLE="text-align: justify">references
                                            to times of day and dates are to Hong Kong times and dates, respectively;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.14</FONT></TD><TD STYLE="text-align: justify">references
                                            to one gender shall include the other genders; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4.15</FONT></TD><TD STYLE="text-align: justify">references
                                            to the singular shall include the plural and vice versa.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>2.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>CONDITIONS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.</FONT></TD><TD STYLE="text-align: justify"><B>Conditions
                                            precedent</B>: The obligations of the Hong Kong Underwriters under this Agreement are conditional
                                            on:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.1</FONT></TD><TD STYLE="text-align: justify">the
                                            Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters and
                                            the International Underwriters, as the case may be) receiving from the Company all Conditions
                                            Precedent Documents as set out in Part&nbsp;A of <B>&lrm;</B>Schedule 3 and Part&nbsp;B of
                                            <B>&lrm;</B>Schedule 3, in form and substance satisfactory to the Joint Global Coordinators,
                                            not later than 8:00 p.m.&nbsp;on the Business Day immediately before the Hong Kong Prospectus
                                            Date and 8:00 p.m.&nbsp;on the Business Day immediately before the Listing Date, respectively,
                                            or such later date and/or time as the Joint Global Coordinators (for themselves and on behalf
                                            of the Hong Kong Underwriters) may agree;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.2</FONT></TD><TD STYLE="text-align: justify">the
                                            issue by the SEHK of a certificate of authorization of registration in respect of the Hong
                                            Kong Prospectus and the Green Application Form&nbsp;and the registration by the Registrar
                                            of Companies in Hong Kong of one copy of each of the Hong Kong Prospectus and the Green Application
                                            Form, duly certified by two Directors (or by their attorneys duly authorized in writing)
                                            as having been approved by resolutions of the Board and having attached thereto all necessary
                                            consents and documents required by section 342C (subject to any certificate of exemption
                                            granted pursuant to section 342A) of the Companies (Winding Up and Miscellaneous Provisions)
                                            Ordinance, not later than 7:00 p.m.&nbsp;on the Business Day before the Hong Kong Prospectus
                                            Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.3</FONT></TD><TD STYLE="text-align: justify">admission
                                            having occurred and become effective (either unconditionally or subject only to allotment
                                            and issue of the relevant Offer Shares, dispatch or availability for collection of share
                                            certificates in respect of the Offer Shares and/or such other conditions as may be acceptable
                                            to the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters))
                                            on or before the Listing Date (or such later date as the Joint Global Coordinators (for themselves
                                            and on behalf of the Hong Kong Underwriters) may agree in writing)) and Admission not subsequently
                                            having been withdrawn, revoked or withheld prior to the commencement of trading of the Shares
                                            on the SEHK;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.4</FONT></TD><TD STYLE="text-align: justify">admission
                                            of the Shares into CCASS having occurred and become effective (either unconditionally or
                                            subject only to the allotment and issue of the relevant Offer Shares, despatch or availability
                                            for collection of share certificates in respect of the Offer Shares and/or such other conditions
                                            as may be acceptable to the Joint Global Coordinators (for themselves and on behalf of the
                                            Hong Kong Underwriters)) on or before the Listing Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.5</FONT></TD><TD STYLE="text-align: justify">the
                                            Public Offer Price and the International Offer Price having been fixed, and the Price Determination
                                            Agreement having been duly executed by the Company and the Joint Global Coordinators (for
                                            themselves and on behalf of the Underwriters), on the Price Determination Date (or such later
                                            date as the Joint Global Coordinators (for themselves and on behalf of the Underwriters))
                                            may agree in writing) in accordance with Clause 2.5 and such agreement not subsequently having
                                            been terminated;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.6</FONT></TD><TD STYLE="text-align: justify">the
                                            execution and delivery of the International Underwriting Agreement and the Stock Borrowing
                                            Agreement on or before the Price Determination Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.7</FONT></TD><TD STYLE="text-align: justify">the
                                            obligations of the International Underwriters under the International Underwriting Agreement
                                            having become unconditional in accordance with its terms, save for the condition therein
                                            relating to the obligations of the Hong Kong Underwriters under this Agreement (and any condition
                                            for this Agreement becoming unconditional) and the International Underwriting Agreement not
                                            having been terminated in accordance with its terms or otherwise, prior to 8:00 a.m.&nbsp;on
                                            the Listing Date; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.8</FONT></TD><TD STYLE="text-align: justify">the
                                            Warranties being true, accurate, not misleading and not breached on and as of the date of
                                            this Agreement and the dates and times on which they are deemed to be repeated under this
                                            Agreement (as though they had been given and made on such dates and times by reference to
                                            the facts and circumstances then subsisting).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.2.</FONT></TD><TD STYLE="text-align: justify"><B>Procure
                                            fulfilment</B>: The Company undertakes to the Hong Kong Underwriters to use its best endeavours
                                            to procure the fulfilment of the Conditions on or before the relevant time or date specified
                                            therefor and, in particular, shall furnish such information, supply such documents, pay such
                                            fees, give such undertakings and do all acts and things as may be reasonably required by
                                            the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters),
                                            the Joint Sponsors, the SEHK, the SFC and the Registrar of Companies in Hong Kong and any
                                            other relevant Authority for the purposes of or in connection with the listing of the Shares
                                            and the fulfilment of such Conditions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.3.</FONT></TD><TD STYLE="text-align: justify"><B>Extension</B>:
                                            The Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters)
                                            shall have the right, in their sole and absolute discretion, after consultation with the
                                            Company, on or before the last day on which each of the Conditions is required to be fulfilled,
                                            either:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.3.1</FONT></TD><TD STYLE="text-align: justify">to
                                            extend the deadline for the fulfilment of any Condition by such number of days or in such
                                            manner as the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters)
                                            may after consultation with the Company, determine (in which case the Joint Global Coordinators
                                            shall be entitled to extend the other dates or deadlines referred to in this Agreement in
                                            such manner as they deem appropriate, provided that no extension shall be made beyond the
                                            date which is the 30th day after the date of the Hong Kong Prospectus and any such extension
                                            and the new timetable shall be notified by the Joint Global Coordinators to the other parties
                                            to this Agreement as soon as practicable after any such extension is made); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.3.2</FONT></TD><TD STYLE="text-align: justify">in
                                            respect of the Condition set out in Clause <B>&lrm;</B>2.1.1, to modify or waive such Condition
                                            (in whole or in part).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.4.</FONT></TD><TD STYLE="text-align: justify"><B>Conditions
                                            not satisfied</B>: Without prejudice to Clause 2.3<B>&lrm;</B>, if any of the Conditions
                                            shall not have been fulfilled in accordance with the terms hereof on or before the date or
                                            time specified therefor without any subsequent extension of time or waiver or modification
                                            in accordance with the terms hereof, this Agreement shall terminate with immediate effect
                                            and the provisions of Clause 11.2 shall apply.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.5.</FONT></TD><TD STYLE="text-align: justify"><B>Determination
                                            of Public Offer Price and the International Offer Price: </B>The Company and the Joint Global
                                            Coordinators (on behalf of the Underwriters) shall meet or otherwise communicate as soon
                                            as reasonably practicable, after the book-building process in respect of the International
                                            Offering has been completed, with a view to agreeing the price at which the Hong Kong Offer
                                            Shares and the International Offer Shares will be offered pursuant to the Global Offering.
                                            The Company and the Joint Global Coordinators may agree on the price at which the International
                                            Offer Shares will be offered at a level higher than that of the Hong Kong Offer Shares if
                                            (a)&nbsp;the Hong Kong dollar equivalent of the closing trading price of the ADSs of the
                                            Company on the NYSE on the last trading day on or before the Price Determination Date were
                                            to exceed the maximum Public Offer Price as stated in the Hong Kong Prospectus and/or (b)&nbsp;the
                                            Company and the Joint Global Coordinators believe that it is in the best interest of the
                                            Company as a listed company to set the International Offer Price at a level higher than the
                                            maximum Public Offer Price based on the level of interest expressed by professional and institutional
                                            investors during the book-building process. If the International Offer Price is set at or
                                            lower than the maximum Public Offer Price, the Public Offer Price must be set at such price
                                            which is equal to the International Offer Price. In no circumstances will the Public Offer
                                            Price be set above the maximum Public Offer Price as stated in the Hong Kong Prospectus or
                                            the International Offer Price. If the Company and the Joint Global Coordinators reach agreement
                                            on the said prices, which is expected to be agreed by July&nbsp;6, 2022, then such agreed
                                            prices shall represent the International Offer Price and Public Offer Price for the purposes
                                            of the Global Offering and for this Agreement and the parties shall record the agreed price
                                            by executing the Price Determination Agreement. If no such agreement is reached and the Price
                                            Determination Agreement is not signed by July&nbsp;6, 2022, the provisions of Clause 2.4
                                            shall apply.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.6.</FONT></TD><TD STYLE="text-align: justify"><B>Reduction
                                            of number of Offer Shares</B>: The Joint Global Coordinators (for themselves and on behalf
                                            of the Underwriters) may, where considered appropriate, based on the level of interest expressed
                                            by prospective investors during the book-building process in respect of the International
                                            Offering, and with the consent of the Company, reduce the number of Offer Shares initially
                                            offered in the Global Offering that stated in the Hong Kong Prospectus at any time prior
                                            to the morning of the Acceptance Date, in which event the Company shall, as soon as practicable
                                            following the decision to make such reduction and, in any event, not later than the morning
                                            of the Acceptance Date, cause a notice of the reduction in the number of Offer Shares initially
                                            offered in the Global Offering to be posted on the website of the Stock Exchange at <U>www.hkexnews.hk
                                            </U>and on the website of the Company at <U>ir.miniso.com</U> and comply with the Laws applicable
                                            to that reduction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>3.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>APPOINTMENTS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.1.</FONT></TD><TD STYLE="text-align: justify"><B>Joint
                                            Global Coordinators, Joint Bookrunners and Joint Lead Managers</B>: The Company hereby confirms
                                            and acknowledges its appointment, to the exclusion of all others, of</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.1.1</FONT></TD><TD STYLE="text-align: justify">BofA
                                            Securities, HIS, and UBS AG as the joint global coordinators of the Global Offering, and
                                            each of BofA Securities, HIS and UBS AG, relying on the Warranties and subject as hereinafter
                                            mentioned, hereby confirms and acknowledges its acceptance of such appointment;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.1.2</FONT></TD><TD STYLE="text-align: justify">BofA
                                            Securities, HIS, UBS AG, and UBS Securities LLC (in relation to the International Offering
                                            only) as the joint bookrunners of the Global Offering, and each of BofA Securities, HIS,
                                            UBS AG and UBS Securities LLC (in relation to the International Offering only), relying on
                                            the Warranties and subject as hereinafter mentioned, hereby confirms and acknowledges its
                                            acceptance of such appointment; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.1.3</FONT></TD><TD STYLE="text-align: justify">BofA
                                            Securities, HIS, UBS AG, UBS Securities LLC (in relation to the International Offering only),
                                            Futu Securities International (Hong Kong) Limited and GF Securities (Hong Kong) Brokerage
                                            Limited, as the joint lead managers of the Global Offering, and each of BofA Securities,
                                            HIS, UBS AG, UBS Securities LLC (in relation to the International Offering only), Futu Securities
                                            International (Hong Kong) Limited and GF Securities (Hong Kong) Brokerage Limited, relying
                                            on the Warranties and subject as hereinafter mentioned, hereby confirms and acknowledges
                                            its acceptance of such appointment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.2.</FONT></TD><TD STYLE="text-align: justify"><B>Joint
                                            Sponsors</B>: The Company hereby confirms and acknowledges its appointment, to the exclusion
                                            of all others, of BofA Securities, HIC and UBS Securities to act as the joint sponsors of
                                            the Company in relation to its application for Admission. Each of BofA Securities, HIC and
                                            UBS Securities, relying on the Warranties and subject as hereinafter mentioned, hereby confirms
                                            its acceptance of such appointment. For the avoidance of doubt, the appointment of the Joint
                                            Sponsors hereunder is in addition to their engagement under the terms and conditions of the
                                            Sponsors Engagement Letter which shall remain in full force and effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.3.</FONT></TD><TD STYLE="text-align: justify"><B>Hong
                                            Kong Underwriters</B>: The Company hereby appoints the Hong Kong Underwriters, to the exclusion
                                            of all others, to underwrite the Hong Kong Public Offering, and the Hong Kong Underwriters,
                                            relying on the Warranties, severally (and not jointly or jointly and severally) accept such
                                            appointment, upon and subject to the terms and conditions of this Agreement. A Hong Kong
                                            Underwriter can enter into sub-underwriting arrangements in respect of any part of its Hong
                                            Kong Public Offering Underwriting Commitment, provided that it cannot offer or sell any Hong
                                            Kong Offer Shares in connection with any such sub-underwriting arrangements to any person
                                            in respect of whom such offer or sale would be in contravention of applicable Laws or selling
                                            restrictions. All commissions payable for any sub-underwriting arrangements will be borne
                                            by the relevant Hong Kong Underwriter.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.4.</FONT></TD><TD STYLE="text-align: justify"><B>Delegation</B>:
                                            Each appointment referred to in Clauses <B>&lrm;</B>3.1 to <B>&lrm;</B>3.3 is made on the
                                            basis, and on terms, that each appointee is irrevocably authorized to delegate all or any
                                            of its relevant rights, duties, powers and discretions in such manner and on such terms as
                                            it thinks fit (with or without formality and without prior notice of any such delegation
                                            being required to be given to the Company) to any one or more of its affiliates or any other
                                            person provided that such affiliate(s)&nbsp;or person(s)&nbsp;are permitted by the applicable
                                            Laws to discharge the duties conferred upon them by such delegation. Notwithstanding any
                                            such delegation, each of the abovenamed appointees shall remain liable for all acts and omissions
                                            of any of its affiliates or other persons to which it delegates its relevant rights, duties,
                                            powers and/or discretions pursuant to this Clause 3.4.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.5.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Conferment
                                            of authority</B>: The Company hereby confirms that the foregoing appointments under Clauses
                                            </FONT><FONT STYLE="font-size: 13pt"><B>&lrm;</B></FONT><FONT STYLE="font-size: 10pt">3.1
                                            to </FONT><FONT STYLE="font-size: 13pt"><B>&lrm;</B></FONT><FONT STYLE="font-size: 10pt">3.3
                                            confer on each of the appointees, affiliates and their respective delegates under Clause
                                            </FONT><FONT STYLE="font-size: 13pt"><B>&lrm;</B></FONT><FONT STYLE="font-size: 10pt">3.4
                                            all rights, powers, authorities and discretions on behalf of the Company which are necessary
                                            for, or incidental to, the performance of such appointee&rsquo;s roles as a sponsor, global
                                            coordinator, lead manager, bookrunner or Hong Kong Underwriter (as the case may be) and hereby
                                            agrees to ratify and confirm everything each such appointee, each such affiliate or each
                                            such delegate has done or shall do within the scope of such appointments or in the exercise
                                            of such rights, powers, authorities and discretions.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.6.</FONT></TD><TD STYLE="text-align: justify"><B>No
                                            fiduciary relationship</B>: The Company acknowledges and agrees that the Hong Kong Underwriters,
                                            in their roles as such, are acting solely as underwriters in connection with the Hong Kong
                                            Public Offering, the Joint Global Coordinators, in their role as such, are acting solely
                                            as global coordinators of the Global Offering, the Joint Bookrunners, in their role as such,
                                            are acting solely as bookrunners of the Global Offering, and the Joint Lead Managers, in
                                            their role as such, are acting solely as lead managers of the Global Offering and the Joint
                                            Sponsors, in their role as such, are acting solely as sponsors in connection with the listing
                                            of the Shares on the SEHK.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company further acknowledges that
the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors are
acting pursuant to a contractual relationship with the Company entered into on an arm&rsquo;s length basis, and in no event do the parties
intend that the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers or the Joint Sponsors,
as applicable, act or be responsible as a fiduciary or adviser to the Company, their respective directors, management, shareholders or
creditors or any other person in connection with any activity that the Hong Kong Underwriters, the Joint Global Coordinators, the Joint
Bookrunners, the Joint Lead Managers or the Joint Sponsors, as applicable, may undertake or have undertaken in furtherance of the Global
Offering or the listing of the Shares on the SEHK, either before or after the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors hereby expressly
disclaim any fiduciary or advisory or similar obligations to the Company or any of them, either in connection with the transactions contemplated
by this Agreement or otherwise by the Global Offering or the listing of the Shares on the SEHK or any process or matters leading up to
such transactions, and the Company hereby confirms its understanding and agreement to that effect. None of t</FONT>he Hong Kong Underwriters,
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors, as applicable, is advising the
Company or any other person as to any legal, tax, investment, accounting or regulatory matters (except for, with respect to the Joint
Sponsors, any advice to the Company on matters in relation to the listing application as prescribed by and solely to the extent as required
under the Listing Rules&nbsp;and the Corporate Finance Adviser Code of Conduct and the Code of Conduct for Persons Licensed by or Registered
with the Securities and Futures Commission, in their capacity of the joint sponsors in connection with the proposed listing of the Company)
in any jurisdiction. The Company has consulted its own advisors concerning such matters and shall be responsible for making its own independent
investigation and appraisal of the transactions contemplated by this Agreement, and none of the Hong Kong Underwriters, the Joint Global
Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors shall have any responsibility or liability to the
Company or any other person with respect thereto. The Company, on the one hand, and the Hong Kong Underwriters, the Joint Global Coordinators,
the Joint Bookrunners, the Joint Lead Managers or the Joint Sponsors, as applicable, on the other hand, agree that they are each responsible
for making their own independent judgments with respect to any such transactions and that any opinions or views expressed by the Hong
Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers or the Joint Sponsors, as applicable,
to the Company regarding such transactions, including, but not limited to, any opinions or views with respect to the price or market
for the Shares and/or the ADSs of the Company, do not constitute advice or recommendations to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Company, on the one hand, and the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers
or the Joint Sponsors, as applicable, on the other hand, agree that the Hong Kong Underwriters, the Joint Global Coordinators, the Joint
Bookrunners, the Joint Lead Managers or the Joint Sponsors, as applicable, in their respective roles as such and with respect to transactions
carried out at the request of and for the Company pursuant to their respective appointments as such, are acting as principal and not
the agent (except and solely, with respect to the Joint Global Coordinators, for the limited purposes of arranging payment on behalf
of the Company of the Trading Fee and the Transaction Levy as set forth in Clause 5.4 hereof, and with respect to the Hong Kong Underwriters,
for the limited purposes of procuring applications to purchase Unsold Hong Kong Offer Shares as set forth in Clause 4.6</FONT>&lrm; hereof)
nor the fiduciary or adviser of the Company, and none of the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the Joint Sponsors has assumed, or will assume, any fiduciary, agency or advisory or similar responsibility
in favour of the Company with respect to the transactions contemplated by this Agreement or otherwise by the Global Offering or the listing
of the Shares on the SEHK or any process or matters leading up to such transactions (irrespective of whether any of the Hong Kong Underwriters,
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors has advised or is currently advising
the Company on other matters). Additionally, the Company further acknowledges that the Hong Kong Underwriters, the Joint Global Coordinators,
the Joint Bookrunners or the Joint Lead Managers and their respective affiliates may be engaged in a broad range of transactions that
involve interests that differ from those of the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company hereby waives and releases,
to the fullest extent permitted by Laws, any conflict of interests and any claims that the Company may have against the Hong Kong Underwriters,
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors with respect to any breach or alleged
breach of any fiduciary, advisory or similar duty to the Company in connection with the transactions contemplated by this Agreement or
otherwise by the Global Offering or the listing of the Shares on the SEHK or any process or matters leading up to such transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.7.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B>No
                                            liability for Public Offer Price,&nbsp;International Offer Price and Offering Documents</B>:
                                            </FONT>Notwithstanding anything contained in this Agreement, none of the Hong Kong Underwriters,
                                            the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Joint
                                            Sponsors and the other Indemnified Parties (as defined in Clause 12.1<B>&lrm;</B> hereof)
                                            shall have any liability whatsoever to the Company or any other person in respect of the
                                            following matters (it being acknowledged by the parties that the Company is solely responsible
                                            in this regard):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.7.1</FONT></TD><TD STYLE="text-align: justify">any
                                            alleged insufficiency of the Public Offer Price, the International Offer Price or any dealing
                                            price of the Offer Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.7.2</FONT></TD><TD STYLE="text-align: justify">any
                                            of the matters referred to in Clauses 12.1.1<B>&lrm;</B> to 12.1.3; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.7.3</FONT></TD><TD STYLE="text-align: justify">any
                                            estimate, forecast, statement or expression of opinion, intention or expectation contained
                                            in any of the Offering Documents,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">and,
notwithstanding anything contained in Clause </FONT>&lrm;12, each Indemnified Party shall be entitled pursuant to the indemnities contained
in Clause &lrm;12 to recover any Loss (as defined in Clause 12.1) incurred or suffered or made as a result of or in connection with any
of the foregoing matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.8.</FONT></TD><TD STYLE="text-align: justify"><B>Several
                                            obligations</B>: Any transaction carried out by any of the appointees pursuant to its appointment
                                            under Clauses <B>&lrm;</B>3.1 to <B>&lrm;</B>3.3, as applicable, or by any of the delegates
                                            under Clause <B>&lrm;</B>3.4 of such appointee (other than a purchase of any Hong Kong Offer
                                            Shares by such appointee as principal and any stabilization activity) shall constitute a
                                            transaction carried out at the request of and for the Company and not on account of or for
                                            any of the other appointees under Clauses <B>&lrm;</B>3.1 to <B>&lrm;</B>3.3 or their respective
                                            delegates under Clause <B>&lrm;</B>3.4. None of the appointees under Clauses <B>&lrm;</B>3.1
                                            to <B>&lrm;</B>3.3 will be liable for any failure on the part of any of the other appointees
                                            to perform their respective obligations under this Agreement and no such failure shall affect
                                            the right of any of the other appointees to enforce the terms of this Agreement. Notwithstanding
                                            the foregoing, each of the appointees under Clauses <B>&lrm;</B>3.1 to <B>&lrm;</B>3.3 shall
                                            be entitled to enforce any or all of its rights under this Agreement either alone or jointly
                                            with the other appointees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>4.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>THE
                                            HONG KONG PUBLIC OFFERING</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.1.</FONT></TD><TD STYLE="text-align: justify"><B>Hong
                                            Kong Public Offering</B>: The Company shall offer and sell the Hong Kong Offer Shares upon
                                            and subject to the terms and conditions set out in the Hong Kong Public Offering Documents
                                            and this Agreement. Subject to the registration of the Hong Kong Prospectus and the Green
                                            Application Form&nbsp;by the Company or counsel for the Company on the Company&rsquo;s behalf,
                                            the Joint Sponsors shall arrange for and the Company shall cause, the Formal Notice to be
                                            published on the official website of the Company and SEHK on the day(s)&nbsp;specified in
                                            Schedule 5 (or such other publication(s)&nbsp;and/or day(s)) as may be agreed by the Company
                                            and the Joint Sponsors). The Company will, on the Hong Kong Prospectus Date, publish the
                                            Hong Kong Prospectus and the Green Application Form&nbsp;on the website of the Company at
                                            <U>ir.miniso.com</U>&#8239;and the website of the Stock Exchange at <U>www.hkexnews.hk</U>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.2.</FONT></TD><TD STYLE="text-align: justify"><B>Receiving
                                            Bank and Nominee</B>: The Company has appointed the Receiving Bank to receive applications
                                            and application monies under the Hong Kong Public Offering and has appointed the Nominee
                                            to hold the application monies received by the Receiving Bank under the Hong Kong Public
                                            Offering, in each case upon and subject to the terms and conditions contained in the Receiving
                                            Bank Agreement. The Company shall procure the Nominee to undertake to hold and deal with
                                            such application monies upon and subject to the terms and conditions contained in the Receiving
                                            Bank Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.3.</FONT></TD><TD STYLE="text-align: justify"><B>Hong
                                            Kong Share Registrar and White Form&nbsp;eIPO Service</B>: The Company has appointed the
                                            Hong Kong Share Registrar to provide services in connection with the processing of the Hong
                                            Kong Public Offering Applications and the provision of the White Form&nbsp;eIPO Service upon
                                            and subject to the terms and conditions of the Registrar Agreement. The Company undertakes
                                            with the Hong Kong Underwriters to procure that the Hong Kong Share Registrar shall do all
                                            such acts and things as may be reasonably required to be done by it in connection with the
                                            Hong Kong Public Offering and its associated transactions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.4.</FONT></TD><TD STYLE="text-align: justify"><B>Application
                                            Lists</B>: Subject as mentioned below, the Application Lists will open at 11:45 a.m.&nbsp;on
                                            the Acceptance Date and will close at 12:00 noon on the same day, provided that in the event
                                            of a tropical cyclone warning signal number 8 or above or a &ldquo;black&rdquo; rainstorm
                                            warning signal being in force or &quot;extreme condition&quot; caused by a super typhoon
                                            is announced in Hong Kong at any time between 9:00 a.m.&nbsp;and 12:00 noon on that day,
                                            then the Application Lists will open at 11:45 a.m.&nbsp;and close at 12:00 noon on the next
                                            Business Day on which no such signal remains in force at any time between 9:00 a.m.&nbsp;and
                                            12:00 noon. All references in this Agreement to the time of opening and closing of the Application
                                            Lists shall be construed accordingly.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.5.</FONT></TD><TD STYLE="text-align: justify"><B>Basis
                                            of allocation</B>: The Company agrees that the Joint Sponsors (together with the Joint Global
                                            Coordinators) shall have the exclusive right, in their sole and absolute discretion, upon
                                            and subject to the terms and conditions of the Hong Kong Public Offering Documents and this
                                            Agreement, to reject or accept in whole or in part any Hong Kong Public Offering Application
                                            and, where the number of Hong Kong Offer Shares being applied for exceeds the total number
                                            of the Hong Kong Offer Shares, to determine the basis of allocation of the Hong Kong Offer
                                            Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company shall, and shall use its
best endeavours to procure that the Receiving Bank and the Hong Kong Share Registrar shall, as soon as practicable after the close of
the Application Lists, provide the Joint Sponsors and the Joint Global Coordinators with such information, calculations and assistance
as the Joint Sponsors and the Joint Global Coordinators may require for the purposes of determining, inter alia:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.5.1</FONT></TD><TD STYLE="text-align: justify">in
                                            the event of a Hong Kong Public Offering Under-Subscription, the number of Hong Kong Offer
                                            Shares which have not been applied for pursuant to Accepted Hong Kong Public Offering Applications;
                                            or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.5.2</FONT></TD><TD STYLE="text-align: justify">in
                                            the event of a Hong Kong Public Offering Over-Subscription, the number of times by which
                                            the number of Hong Kong Offer Shares which have been applied for pursuant to Accepted Hong
                                            Kong Public Offering Applications exceeds the total number of Hong Kong Offer Shares initially
                                            available under the Hong Kong Public Offering; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.5.3</FONT></TD><TD STYLE="text-align: justify">the
                                            basis of allocation of the Hong Kong Offer Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.6.</FONT></TD><TD STYLE="text-align: justify"><B>Several
                                            underwriting commitments</B>: Upon and subject to the terms and conditions of this Agreement
                                            and in reliance upon the Warranties, if and to the extent that by 12:00 noon on the Acceptance
                                            Date there shall remain any Hong Kong Offer Shares which have not been applied for pursuant
                                            to Accepted Hong Kong Public Offering Applications (a &ldquo;<B>Hong Kong Public Offering
                                            Under-Subscription</B>&rdquo;), the Hong Kong Underwriters (other than any Hong Kong Underwriter
                                            whose Hong Kong Public Offering Underwriting Commitment has been reduced by the Hong Kong
                                            Underwriter&rsquo;s Applications of such Hong Kong Underwriter to zero pursuant to the provisions
                                            of Clause 4.7<B>&lrm;</B>) shall, subject as provided in Clauses <B>&lrm;</B>4.10 and 4.12<B>&lrm;</B>,
                                            procure applications to purchase, or failing which themselves as principals apply to purchase,
                                            the number of Hong Kong Offer Shares remaining available as a result of the Hong Kong Public
                                            Offering Under-Subscription (the &ldquo;<B>Unsold Hong Kong Offer Shares</B>&rdquo;) in accordance
                                            with the terms and conditions set out in the Hong Kong Public Offering Documents (other than
                                            as to the deadline for making the application), provided that:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.6.1</FONT></TD><TD STYLE="text-align: justify">the
                                            obligations of the Hong Kong Underwriters with respect to the Unsold Hong Kong Offer Shares
                                            under this Clause 4.6 shall be several (and not joint or joint and several);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.6.2</FONT></TD><TD STYLE="text-align: justify">the
                                            number of Unsold Hong Kong Offer Shares which each Hong Kong Underwriter is obligated to
                                            apply to purchase or procure applications to purchase under this Clause 4.6 shall be calculated
                                            by applying the formula below (but shall not in any event exceed the maximum number of Hong
                                            Kong Offer Shares as set forth opposite the name of such Hong Kong Underwriter in <B>&lrm;</B>Schedule
                                            1):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">where in relation to such Hong Kong Underwriter:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 2in">N = T x [(C-P) / (AC &ndash;
AP)]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">where in relation to such Hong Kong Underwriter:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">N</FONT></TD><TD STYLE="text-align: justify">is
                                            the number of Unsold Hong Kong Offer Shares which such Hong Kong Underwriter is obligated
                                            to apply to purchase or procure applications to purchase under this Clause 4.6, subject to
                                            such adjustment as the Joint Global Coordinators may determine to avoid fractional shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">T</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">is
                                            the total number of Unsold Hong Kong Offer Shares determined after taking into account any
                                            reduction pursuant to Clauses 4.10 and 4.12</FONT>&lrm;, as applicable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">C</FONT></TD><TD STYLE="text-align: justify">is
                                            the Hong Kong Public Offering Underwriting Commitment of such Hong Kong Underwriter;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">P</TD><TD STYLE="text-align: justify">is the number of Hong Kong Offer Shares comprised
                                            in the Hong Kong Underwriter&rsquo;s Applications of such Hong Kong Underwriter;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">AC</TD><TD STYLE="text-align: justify">is the aggregate number of Hong Kong Offer
                                            Shares determined after taking into account any reduction pursuant to Clauses 2.6 and 4.12,
                                            as applicable; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in">AP</TD><TD STYLE="text-align: justify">is the aggregate number of Hong Kong Offer
                                            Shares comprised in the Hong Kong Underwriter&rsquo;s Applications of all the Hong Kong Underwriters;
                                            to the extent any Hong Kong Underwriter makes or procures more Hong Kong Underwriter&rsquo;s
                                            Applications than its Hong Kong Public Offering Underwriting Commitment, the Hong Kong Underwriter&rsquo;s
                                            Applications for such Hong Kong Underwriter, for the purpose of calculating this AP only,
                                            shall be deemed to be equal to the Hong Kong Public Offering Underwriting Commitment of such
                                            Hong Kong Underwriter; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.6.3</FONT></TD><TD STYLE="text-align: justify">the
                                            determination of the Joint Global Coordinators of the obligations of the Hong Kong Underwriters
                                            with respect to the Unsold Hong Kong Offer Shares under this Clause 4.6<B>&lrm;</B> shall
                                            be final and conclusive.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">None
of the Hong Kong Underwriters will be liable for any failure on the part of any of the other Hong Kong Underwriters to perform its obligations
under this Clause 4.6</FONT>&lrm; or otherwise under this Agreement. Notwithstanding the foregoing, each of the Hong Kong Underwriters
shall be entitled to enforce any or all of its rights under this Agreement either alone or jointly with the other Hong Kong Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.7.</FONT></TD><TD STYLE="text-align: justify"><B>Hong
                                            Kong Underwriters&rsquo; set-off</B>: In relation to each Hong Kong Public Offering Application
                                            made or procured to be made by any of the Hong Kong Underwriters otherwise than pursuant
                                            to the provisions of Clause 4.9<B>&lrm;</B>, the Hong Kong Public Offering Underwriting Commitment
                                            of such Hong Kong Underwriter shall, subject to the applications having been marked or identified
                                            with the name of such Hong Kong Underwriter and to such Hong Kong Public Offering Application
                                            having been accepted (whether in whole or in part) pursuant to the provisions of Clause 4.5<B>&lrm;
                                            </B>and thus becoming an Accepted Hong Kong Public Offering Application, be reduced <I>pro
                                            tanto</I> by the number of Hong Kong Offer Shares accepted pursuant to and comprised in such
                                            Accepted Hong Kong Public Offering Application until the Hong Kong Public Offering Underwriting
                                            Commitment of such Hong Kong Underwriter is reduced to zero. Detailed provisions relating
                                            to the set-off of the Hong Kong Public Offering Underwriting Commitment of a Hong Kong Underwriter
                                            are set out in <B>&lrm;</B>Schedule 4.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.8.</FONT></TD><TD STYLE="text-align: justify"><B>Accepted
                                            Applications</B>: The Company agrees that all duly completed and submitted applications received
                                            prior to the closing of the Application Lists and accepted by the Joint Sponsors (together
                                            with the Joint Global Coordinators) pursuant to Clause 4.5, either in whole or in part, will
                                            be accepted by the Company before calling upon the Hong Kong Underwriters or any of them
                                            to perform their obligations under Clause 4.6<B>&lrm;</B>.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.9.</FONT></TD><TD STYLE="text-align: justify"><B>Applications
                                            and payment for Unsold Hong Kong Offer Shares</B>: In the event of a Hong Kong Public Offering
                                            Under-Subscription, the Joint Global Coordinators shall, subject to receiving the relevant
                                            information, calculations and assistance from the Receiving Bank and the Hong Kong Share
                                            Registrar pursuant to Clause 4.5.1, notify each of the Hong Kong Underwriters as soon as
                                            practicable and in any event by 5:00 p.m.&nbsp;on the first Business Day after the Acceptance
                                            Date of the number of Unsold Hong Kong Offer Shares to be taken up pursuant to Clause 4.6<B>&lrm;</B>,
                                            and each of the Hong Kong Underwriters shall, as soon as practicable and in any event not
                                            later than 10:00 a.m.&nbsp;on the first Business Day after such notification and subject
                                            to the Conditions having been duly fulfilled or waived in accordance with the terms of this
                                            Agreement:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.9.1</FONT></TD><TD STYLE="text-align: justify">make
                                            application for such number of Unsold Hong Kong Offer Shares as fall to be taken up by it
                                            pursuant to Clause 4.6 specifying the names and addresses of the applicants and the number
                                            of Hong Kong Offer Shares to be allocated to each such applicant and deliver to the Joint
                                            Sponsors and the Joint Global Coordinators records for the duly completed applications; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.9.2</FONT></TD><TD STYLE="text-align: justify">pay,
                                            or procure to be paid, to the Nominee the aggregate amount payable on application in respect
                                            of the Public Offer Price for such number of Unsold Hong Kong Offer Shares as fall to be
                                            taken up by it pursuant to Clause 4.6 (which shall include all amounts on account of the
                                            Brokerage, the Trading Fee and the Transaction Levy in accordance with the terms of the Hong
                                            Kong Public Offering),</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">and
the Company shall, as soon as practicable and in no event later than 9:00 a.m.&nbsp;on July&nbsp;12, 2022 (the date specified in the
Hong Kong Prospectus for the despatch of share certificates), duly allot and issue to the said applicants the Hong Kong Offer Shares
to be taken up as aforesaid and procure the Hong Kong Share Registrar to duly issue and deliver valid share certificates in respect of
such Hong Kong Offer Shares, in each case on the basis set out in Clause </FONT>&lrm;5.1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.10.</FONT></TD><TD STYLE="text-align: justify"><B>Power
                                            of the Joint Global Coordinators to make applications</B>: In the event of a Hong Kong Public
                                            Offering Under-Subscription, the Joint Global Coordinators shall have the right (to be exercised
                                            at their sole and absolute discretion (either acting individually or together in such proportions
                                            as shall be agreed between themselves) and in relation to which they are under no obligation
                                            to exercise) to apply to purchase or procure applications to purchase (subject to and in
                                            accordance with this Agreement) all or any of the Unsold Hong Kong Offer Shares which any
                                            Hong Kong Underwriter is required to take up pursuant to Clause 4.6. Any application submitted
                                            or procured to be submitted by any of the Joint Global Coordinators pursuant to this Clause
                                            4.10<B>&lrm;</B> in respect of which payment is made <I>mutatis mutandis</I> in accordance
                                            with Clause <B>&lrm;</B>4.9 shall satisfy <I>pro tanto</I> the obligation of the relevant
                                            Hong Kong Underwriter under Clause 4.6 but shall not affect any agreement or arrangement
                                            among the Hong Kong Underwriters regarding the payment of underwriting commission.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.11.</FONT></TD><TD STYLE="text-align: justify"><B>Reallocation
                                            from the International Offering to the Hong Kong Public Offering</B>: If the number of Hong
                                            Kong Offer Shares which are the subject of the Accepted Hong Kong Public Offering Applications
                                            exceeds the number of Hong Kong Offer Shares initially offered (a &ldquo;<B>Hong Kong Public
                                            Offering Over-Subscription</B>&rdquo;), then:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.11.1</FONT></TD><TD STYLE="text-align: justify">subject
                                            to any required reallocation as set forth below in Clause 4.11.2<B>&lrm;</B> and provisions
                                            set out in HKEX-GL91-18, the Joint Global Coordinators, in their sole and absolute discretion,
                                            may (but shall have no obligation to) reallocate Offer Shares from the International Offering
                                            to the Hong Kong Public Offering and make available such reallocated Offer Shares as additional
                                            Hong Kong Offer Shares to satisfy Hong Kong Public Offering Applications. In the event of
                                            such reallocation, the number of Offer Shares available under the International Offering
                                            and the respective International Offering Underwriting Commitments of the International Underwriters
                                            may be reduced in such manner and proportions as the Joint Global Coordinators may in their
                                            sole and absolute discretion determine and the Hong Kong Underwriters will not be entitled
                                            to the underwriting commission referred to in Clause 6.1 in respect of the Offer Shares reallocated
                                            to the Hong Kong Public Offering; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.11.2</FONT></TD><TD STYLE="text-align: justify">if
                                            the Hong Kong Public Offering Over-Subscription represents a subscription of (i)&nbsp;15
                                            times or more but less than 50 times, (ii)&nbsp;50 times or more but less than 100 times,
                                            or (iii)&nbsp;100 times or more, of the number of the Hong Kong Offer Shares initially available
                                            for subscription under the Hong Kong Public Offering, then Offer Shares shall be reallocated
                                            to the Hong Kong Public Offering from the International Offering so that the total number
                                            of Offer Shares available under the Hong Kong Public Offering shall be increased to 12,330,000,
                                            16,440,000 and 20,550,000 Shares, respectively, representing approximately 30% (in the case
                                            of (i)), 40% (in the case of (ii)) or 50% (in the case of (iii)), respectively, of the total
                                            number of Offer Shares initially available under the Global Offering (before any exercise
                                            of the Over-allotment Option).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">In each of the above cases, the number
of Offer Shares available under the International Offering and the respective International Offering Underwriting Commitments of the
International Underwriters shall be reduced accordingly and the Hong Kong Underwriters will not be entitled to the underwriting commission
referred to in Clause 6.1 in respect of the Offer Shares reallocated to the Hong Kong Public Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.12.</FONT></TD><TD STYLE="text-align: justify"><B>Reallocation
                                            from the Hong Kong Public Offering to the International Offering</B>: If a Hong Kong Public
                                            Offering Under-Subscription shall occur, the Joint Global Coordinators, in their sole and
                                            absolute discretion, may (but shall have no obligation to) reallocate all or any of the Unsold
                                            Hong Kong Offer Shares from the Hong Kong Public Offering to the International Offering and
                                            make available such reallocated Offer Shares as additional International Offer Shares to
                                            satisfy demand under the International Offering. In the event of such reallocation, the number
                                            of Unsold Hong Kong Offer Shares and the respective Hong Kong Public Offering Underwriting
                                            Commitments of the Hong Kong Underwriters shall be reduced in such manner and proportions
                                            as the Joint Global Coordinators may in their sole and absolute discretion determine. The
                                            Hong Kong Underwriters will not be entitled to the underwriting commission referred to in
                                            Clause 6.1 in respect of the Offer Shares reallocated to the International Offering. For
                                            the avoidance of doubt, any Unsold Hong Kong Offer Shares reallocated from the Hong Kong
                                            Public Offering to the International Offering shall for all purposes (including any fee arrangements)
                                            be deemed to be International Offer Shares and will be dealt with in accordance with the
                                            terms of the International Underwriting Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.13.</FONT></TD><TD STYLE="text-align: justify"><B>Hong
                                            Kong Underwriters&rsquo; obligations cease</B>: All obligations and liabilities of the Hong
                                            Kong Underwriters under this Agreement will cease following payment by or on behalf of the
                                            Hong Kong Underwriters in accordance with Clause 4.9 or Clause <B>&lrm;</B>4.10 or upon a
                                            Hong Kong Public Offering Over-Subscription having occurred (save in respect of any antecedent
                                            breaches under this Agreement).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.14.</FONT></TD><TD STYLE="text-align: justify"><B>Implementation
                                            of the Hong Kong Public Offering</B>: Without prejudice to the foregoing obligations, the
                                            Company undertakes with the Hong Kong Underwriters, the Joint Global Coordinators, the Joint
                                            Bookrunners, the Joint Lead Managers and the Joint Sponsors to take such action and do (or
                                            procure to be done) all such other acts and things required to implement the Hong Kong Public
                                            Offering and to comply with all relevant requirements so as to enable the listing of, and
                                            permission to deal in, the Shares on the SEHK to be granted by the Listing Committee.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>5.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>ALLOTMENT
                                            AND PAYMENT</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.1.</FONT></TD><TD STYLE="text-align: justify"><B>Issue
                                            of Hong Kong Offer Shares</B>: Upon receipt by the Hong Kong Share Registrar of the Accepted
                                            Hong Kong Public Offering Applications, the Company shall as soon as practicable following
                                            announcement of the basis of allocation of the Hong Kong Offer Shares and in any event no
                                            later than 9:00 a.m.&nbsp;on July&nbsp;[<FONT STYLE="font-family: Symbol">12</FONT>], 2022
                                            (the date specified in the Hong Kong Prospectus for the dispatch of share certificates):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.1.1</FONT></TD><TD STYLE="text-align: justify">duly
                                            allot and issue, conditional upon the fulfilment of the Conditions (unless modified or waived
                                            in accordance with the terms of this Agreement), the Hong Kong Offer Shares in accordance
                                            with the relevant sections of the Hong Kong Public Offering Documents and this Agreement
                                            to the successful applicants and in the numbers specified by the Joint Global Coordinators
                                            on terms that they rank <I>pari passu</I> in all respects with the existing issued Shares,
                                            including the right to rank in full for all distributions declared, paid or made by the Company
                                            after the time of their allotment, except for certain aspects described in the Hong Kong
                                            Prospectus, and that they will rank <I>pari passu</I> in all respects with the International
                                            Offer Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.1.2</FONT></TD><TD STYLE="text-align: justify">procure
                                            that the names of the successful applicants (or, where appropriate, HKSCC Nominees Limited)
                                            shall be entered in the register of members of the Company accordingly (without payment of
                                            any registration fee); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.1.3</FONT></TD><TD STYLE="text-align: justify">procure
                                            that share certificates in respect thereof (each in a form complying with the Listing Rules&nbsp;and
                                            in such number and denominations as directed by the Joint Global Coordinators) shall be issued
                                            and despatched, or delivered or released to successful applicants (or where appropriate,
                                            HKSCC for immediate credit to such CCASS stock accounts as shall be notified by the Joint
                                            Global Coordinators to the Company for such purpose), or made available for collection (as
                                            applicable) as provided for in the Hong Kong Public Offering Documents and this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.2.</FONT></TD><TD STYLE="text-align: justify"><B>Payment
                                            to the Company</B>: The application monies received in respect of Hong Kong Public Offering
                                            Applications and held by the Nominee will be paid in Hong Kong dollars to the Company on
                                            the Listing Date at or before 9:30 a.m.&nbsp;(subject to and in accordance with the provisions
                                            of the Receiving Bank Agreement and this Agreement) upon the Nominee receiving written confirmation
                                            from the Joint Global Coordinators that the Conditions have been fulfilled or waived and
                                            that share certificates have been dispatched to successful applicants of the Hong Kong Offer
                                            Shares (or to HKSCC Nominees Limited, as the case may be) by wire transfer to such account
                                            or accounts in Hong Kong specified by the Company and notified to the Joint Global Coordinators
                                            in writing as soon as practicable after the signing of this Agreement but, in any event,
                                            by no later than three Business Days immediately preceding the Listing Date) in immediately
                                            available funds, provided, however, that:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.2.1</FONT></TD><TD STYLE="text-align: justify">the
                                            Joint Global Coordinators are hereby irrevocably and unconditionally authorized by the Company
                                            to deduct or direct the Nominee (prior to payment of the application monies to the Company
                                            on and at the date and time as aforesaid) to deduct from such application monies and pay
                                            to the Joint Global Coordinators (and where a person other than the Joint Global Coordinators
                                            is entitled to any amount so deducted, such amount will be received by the Joint Global Coordinators
                                            on behalf of such person) the amounts payable by the Company pursuant to Clauses 5.3 (<I>Brokerage,
                                            Trading Fee and Transaction Levy for applicants</I>), <B>&lrm;</B>5.4 (<I>Trading Fee and
                                            Transaction Levy for the Company</I>) and <B>&lrm;</B>6 (<I>Commissions and Costs</I>); and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.2.2</FONT></TD><TD STYLE="text-align: justify">to the extent that the amounts deducted by the Nominee are insufficient to cover the amount to be deducted
under Clause 5.2.1 or the Nominee does not or will not deduct in accordance with Clause 5.2.1, the Company shall pay or cause to be paid
in full, on and at the date and time of payment of the application monies to the Company as aforesaid or as soon as reasonably practicable
but in any event within twenty Business Days: upon written demand, the shortfall or the amounts not so deducted, as applicable, to the
Joint Global Coordinators (for themselves or on behalf of the Hong Kong Underwriters, as applicable) or to the relevant party entitled
to the amount payable by the Company. For the avoidance of doubt, such commission referred in Clause <B>&lrm;</B>6.1 below shall be deducted
from the amount paid by the Nominee to the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The net amount payable to the Company
pursuant to this Clause 5.2 will (for the avoidance of doubt and if applicable) be calculated after allowing for entitlements of successful
applicants under the Hong Kong Public Offering to refunds of application monies if and to the extent that the Public Offer Price shall
be determined at below the maximum Public Offer Price per Hong Kong Offer Share to be disclosed in the Hong Kong Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.3.</FONT></TD><TD STYLE="text-align: justify"><B>Brokerage, Trading Fee and Transaction Levy for applicants</B>: The Joint Global Coordinators will,
for themselves and on behalf of the Hong Kong Underwriters, arrange for the payment by the Nominee on behalf of all successful applicants
under the Hong Kong Public Offering to the persons entitled thereto of the Brokerage, the Trading Fee and the Transaction Levy in respect
of the Accepted Hong Kong Public Offering Applications, such amounts to be paid out of the application monies received in respect of Hong
Kong Public Offering Applications. The Joint Global Coordinators are hereby irrevocably and unconditionally authorized by the Company
to direct the Nominee to deduct and pay such amounts.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.4.</FONT></TD><TD STYLE="text-align: justify"><B>Trading Fee and Transaction Levy for the Company</B>: The Joint Global Coordinators will, on behalf
of the Company, arrange for the payment by the Nominee to the persons entitled thereto of the Trading Fee and the Transaction Levy payable
by the Company in respect of the Accepted Hong Kong Public Offering Applications, such amounts to be paid out of the application monies
received in respect of Hong Kong Public Offering Applications. The Joint Global Coordinators are hereby irrevocably and unconditionally
authorized by the Company to direct the Nominee to deduct and pay such amounts.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.5.</FONT></TD><TD STYLE="text-align: justify"><B>Refund cheques</B>: The Company will procure that, in accordance with the terms of the Receiving Bank
Agreement and the Registrar Agreement, the Nominee will pay refunds of applications monies, and the Hong Kong Share Registrar will arrange
for the distribution of refund cheques, to those successful and unsuccessful applicants under the Hong Kong Public Offering who are or
may be entitled to receive refunds of application monies (in whole or in part) in accordance with the terms of the Hong Kong Public Offering
specified in the Hong Kong Public Offering Documents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.6.</FONT></TD><TD STYLE="text-align: justify"><B>Separate bank account</B>: The Company agrees that the application monies received in respect of Hong
Kong Public Offering Applications shall be credited to a separate bank account with the Nominee pursuant to the terms of the Receiving
Bank Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.7.</FONT></TD><TD STYLE="text-align: justify"><B>No responsibility for default</B>: The Company acknowledges and agrees that none of the Joint Sponsors,
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Hong Kong Underwriters or any of their respective affiliates
shall have any liability whatsoever under Clause 5, Clause 6 or otherwise for any default by the Nominee or any other application or otherwise
of funds.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>6.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>COMMISSIONS AND COSTS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.1.</FONT></TD><TD STYLE="text-align: justify"><B>Underwriting
                                            commission</B>: The Company shall pay to the Joint Global Coordinators (for themselves and
                                            on behalf of the Hong Kong Underwriters) an underwriting commission equal to <FONT STYLE="font-family: Symbol">3.5
                                            </FONT>per cent. of the aggregate Public Offer Price in respect of all of the Hong Kong Offer
                                            Shares (excluding any International Offer Shares reallocated to the Hong Kong Public Offering
                                            and any Hong Kong Offer Shares reallocated to the International Offering, in each case pursuant
                                            to Clause 4<B>&lrm;</B>). For the avoidance of doubt, no underwriting commission in respect
                                            of any International Offer Shares reallocated to the Hong Kong Public Offering and any Hong
                                            Kong Offer Shares reallocated to the International Offering shall be paid to the Hong Kong
                                            Underwriters as the relevant underwriting commission relating to such Offer Shares will be
                                            payable to the International Underwriters in accordance with the International Underwriting
                                            Agreement. The respective entitlement of the Joint Global Coordinators and the Hong Kong
                                            Underwriters to the underwriting commission will be set out in the International Underwriting
                                            Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.2.</FONT></TD><TD STYLE="text-align: justify"><B>Incentive
                                            Fee</B>: In addition, the Company may at its sole and absolute discretion pay to the Underwriters
                                            an incentive fee of up to <FONT STYLE="font-family: Symbol">1.0</FONT> per cent. of (i)&nbsp;the
                                            Public Offer Price for each Hong Kong Offer Share in respect of all the Hong Kong Offer Shares
                                            offered under the Global Offering, and (ii)&nbsp;the International Offer Price for each International
                                            Offer Share in respect of all the International Offer Shares offered under the Global Offering
                                            including any Offer Shares issued pursuant to the exercise of the Over-allotment Option,
                                            to be determined by the Company (including the allocation amongst the Underwriters)as notified
                                            to the Joint Global Coordinators on or before the Price Determination Date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.3.</FONT></TD><TD STYLE="text-align: justify"><B>Joint Sponsors&rsquo; Fee</B>: Any outstanding Sponsors Fee payable to each of the Joint Sponsors (other
than accrued out-of-pocket expenses) as defined in the Sponsors Engagement Letter shall be credited against the underwriting commission
payable to each such Joint Sponsor or its affiliate in connection with the Global Offering pursuant to the terms of the Sponsors Engagement
Letter.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.</FONT></TD><TD STYLE="text-align: justify"><B>Costs payable by the Company</B>: All costs, expenses, fees and charges and Taxes in connection with
or incidental to the Global Offering, the listing of the Shares on the Main Board of the SEHK and this Agreement and the transactions
contemplated thereby or hereby, including, without limitation, the following (where relevant, in such amounts and subject to such terms
as agreed with such parties in their respective engagement letters, services agreements or contracts):</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.1</FONT></TD><TD STYLE="text-align: justify">any outstanding payable out-of-pocket expenses payable pursuant to the Sponsors Engagement Letter;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.2</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the Reporting Accountants;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.3</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the Hong Kong Share Registrar and the White Form&nbsp;eIPO Service Provider;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.4</FONT></TD><TD STYLE="text-align: justify">fees and expenses of all legal advisers to the Company (including the Company&rsquo;s overseas counsels,
including without limitation, Shardul Amarchand Mangaldas&nbsp;&amp; Co, Hiswara Bunjamin&nbsp;&amp; Tandjung, Fasken Martineau Dumoulin
LLP, Morgan, Lewis&nbsp;&amp; Bockius LLP and Robertsons) and the fees and expenses of all legal advisers to the Underwriters in accordance
with the relevant engagement letters entered into between the Company and such legal advisers to the Underwriters;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.5</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the Internal Control Consultant;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.6</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the Industry Consultant;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.7</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the Property Valuer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.8</FONT></TD><TD STYLE="text-align: justify">fees and expenses of any public relations consultants engaged by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.9</FONT></TD><TD STYLE="text-align: justify">fees and expenses of any translators engaged by the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.10</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the Receiving Bank and the Nominee;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.11</FONT></TD><TD STYLE="text-align: justify">fees and expenses of the financial printer;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.12</FONT></TD><TD STYLE="text-align: justify">fees and expenses of other agents and advisers appointed by the Company relating to the Global Offering;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.13</FONT></TD><TD STYLE="text-align: justify">fees and expenses related to the application for listing of the Shares on the SEHK, the registration of
any documents with any relevant Authority and the qualification of the Offer Shares in any jurisdiction;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.14</FONT></TD><TD STYLE="text-align: justify">all printing and advertising costs in relation to the Global Offering as incurred on behalf of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.15</FONT></TD><TD STYLE="text-align: justify">all costs of preparing, printing, dispatch and distribution of the Offering Documents in all relevant
jurisdictions, and all amendments and supplements thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.16</FONT></TD><TD STYLE="text-align: justify">all costs of preparing, printing, dispatch and distribution (including transportation, packaging and insurance)
of share certificates, letters of regret and refund cheques;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.17</FONT></TD><TD STYLE="text-align: justify">the Trading Fee and the Transaction Levy payable by the Company, and all capital duty (if any), premium
duty (if any) and any other fees, charges and, expenses, Taxes and levies payable, in respect of the creation, allotment, issue, sale
and delivery of the Offer Shares, and/or the execution, delivery and performance of this Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.18</FONT></TD><TD STYLE="text-align: justify">all fees and expenses of conducting company searches, litigation and legal proceeding searches, bankruptcy
and insolvency searches and directorship searches in connection with the Global Offering;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.19</FONT></TD><TD STYLE="text-align: justify">all costs and expenses related to the press conferences of the Company in relation to the Hong Kong Public
Offering as incurred on behalf of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.20</FONT></TD><TD STYLE="text-align: justify">all expenses and application fees incurred in connection with any filing with, and clearance of the offering
by FINRA, and the fees and disbursements of counsel for the Underwriters in connection with, any required review by FINRA of the terms
of the sale of the Offer Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.21</FONT></TD><TD STYLE="text-align: justify">all CCASS transaction fees payable in connection with the Global Offering; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4.22</FONT></TD><TD STYLE="text-align: justify">all fees and expenses relating to third party due diligence conducted in connection with the Global Offering
but not covered under Clause 6.4.1 in this Agreement,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">shall be borne by the Company, and the
Company shall pay or cause to be paid all such costs, expenses, fees, charges and Taxation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.5.</FONT></TD><TD STYLE="text-align: justify"><B>Costs remaining payable if the Global Offering does not proceed</B>: If this Agreement shall be terminated
or shall not become unconditional or, for any other reason, the Global Offering is not completed, the Company shall not be liable to pay
any underwriting commission and incentive fee under Clauses 6.1 and 6.2, but the Company shall pay or reimburse or cause to be paid or
reimbursed all costs, expenses, fees, charges and Taxation referred to in Clause 6.4<B>&lrm;</B> which have been incurred or are liable
to be paid by the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and/or the Hong Kong Underwriters and all
other costs, expenses, fees, charges and Taxation payable by the Company pursuant to Clause 6.4, forthwith within twenty Business Days
upon demand by the Joint Global Coordinators and/or the Hong Kong Underwriters or the relevant party which incurred the costs, expenses,
fees, charges and Taxation, as the case may be.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>7.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>STABILIZATION</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.1.</FONT></TD><TD STYLE="text-align: justify"><B>Stabilizing manager and stabilization actions</B>: The Company acknowledges that Merrill Lynch International,
to the exclusion of all others, is expected to act as stabilizing manager in connection with the Global Offering and may (but with no
obligation and not as agent for the Company) make purchases, over-allocate or effect transactions in the market or otherwise take such
stabilizing action(s)&nbsp;with a view to supporting the market price of the Shares at a level higher than that which might otherwise
prevail for a limited period after the Listing Date. The Stabilizing Manager may, in its sole and absolute discretion, appoint any person
to be its agent for the purposes of taking any stabilization actions. Any such agent shall have the rights and authorities conferred upon
the Stabilizing Manager pursuant to this Clause. Any stabilization actions taken by the Stabilizing Manager or any person acting for it
as stabilizing manager shall be conducted in compliance with the Securities and Futures (Price Stabilizing) Rules&nbsp;under the Securities
and Futures Ordinance and all other applicable Laws and may be discontinued at any time. The Company shall not be responsible for any
liabilities, expenses and losses arising from stabilizing activities and transactions effected by the Stabilizing Manager. Each of the
Hong Kong Underwriters (other than the Stabilizing Manager or any person acting for it) hereby undertakes severally (and not jointly or
jointly and severally) to each other party (including the Joint Global Coordinators) to this Agreement that it will not take or cause
or authorize any person to take, and shall cause its affiliates and/or agents not to take, directly or indirectly, any stabilization action
or any action which is designed to or which constitutes or which might be expected to cause or result in the stabilization or maintenance
of the price of any security of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.2.</FONT></TD><TD STYLE="text-align: justify"><B>Stabilizing losses and profits.</B> All liabilities, expenses and losses arising from stabilization
activities and transactions effected by the Stabilizing Manager or any person acting for it as stabilizing manager shall be for the respective
accounts of the International Underwriters in the same proportions, as nearly as may be practicable, as the respective International Offering
Underwriting Commitments of the International Underwriters, and may be deducted from the commissions payable to the International Underwriters.
All profits or gains arising from stabilizing activities and transactions effected by the Stabilizing Manager or any person acting for
it as stabilizing manager shall be for the respective accounts of the Joint Global Coordinators in accordance with the proportions which
their respective International Offering Underwriting Commitments bear to the total International Offering Underwriting Commitments of
the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.3.</FONT></TD><TD STYLE="text-align: justify"><B>No stabilization by the Company</B>: The Company undertakes to each of the Joint Sponsors, the Joint
Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Hong Kong Underwriters that it will not, and will cause its
affiliates or any of its or its affiliates&rsquo; respective directors, officers, employees, or any person acting on its behalf or on
behalf of any of the foregoing persons not to:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.3.1</FONT></TD><TD STYLE="text-align: justify">take or facilitate, directly or indirectly, any action which is designed to or which has constituted or
which might reasonably be expected to cause or result in stabilization or manipulation of the price of any security of the Company to
facilitate the sale or resale of any security of the Company or otherwise;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.3.2</FONT></TD><TD STYLE="text-align: justify">take, directly or indirectly, any action which would constitute a violation of the market misconduct provisions
of Parts XIII and XIV of the Securities and Futures Ordinance; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.3.3</FONT></TD><TD STYLE="text-align: justify">take or omit to take, directly or indirectly, any action which may result in the loss by the Stabilizing
Manager or any person acting for it as stabilizing manager of the ability to rely on any stabilization safe harbour provided by the Securities
and Futures (Price Stabilizing) Rules&nbsp;under the Securities and Futures Ordinance or otherwise.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">provided that the granting of the Over-allotment
Option under the International Underwriting Agreement shall not constitute a breach of this Clause 7.3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>8.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>REPRESENTATIONS, WARRANTIES AND UNDERTAKINGS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.1.</FONT></TD><TD STYLE="text-align: justify"><B>Warranties</B>: The Company hereby represents, warrants, agrees and undertakes with respect to each
of the Warranties in Schedule 2 hereto, to each of the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint
Lead Managers and the Hong Kong Underwriters that each of the Warranties is true, accurate and not misleading at the date of this Agreement,
and the Company acknowledges that each of the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers
and the Hong Kong Underwriters is entering into this Agreement in reliance upon the Warranties. Each Warranty shall be construed separately
and independently and shall not be limited or restricted by reference to or inference from the terms of any other of the Warranties or
any other term of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2.</FONT></TD><TD STYLE="text-align: justify"><B>Warranties repeated</B>: The Warranties are given on and as at the date of this Agreement with respect
to the facts and circumstances subsisting as at the date of this Agreement. In addition, the Warranties shall be deemed to be repeated:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2.1</FONT></TD><TD STYLE="text-align: justify">on the date of registration of the Hong Kong Prospectus by the Registrar of Companies in Hong Kong as
required by section 342C of the Companies (Winding Up and Miscellaneous Provisions) Ordinance;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2.2</FONT></TD><TD STYLE="text-align: justify">on the Hong Kong Prospectus Date and the date of the supplemental Hong Kong Prospectus (if any);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2.3</FONT></TD><TD STYLE="text-align: justify">on the Acceptance Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2.4</FONT></TD><TD STYLE="text-align: justify">on the Price Determination Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2.5</FONT></TD><TD STYLE="text-align: justify">immediately prior to (i)&nbsp;the delivery by the Joint Global Coordinators and/or the other Hong Kong
Underwriters of duly completed applications and (ii)&nbsp;payment by the Joint Global Coordinators and/or the other Hong Kong Underwriters
for the Hong Kong Offer Shares to be taken up, respectively, pursuant to Clause 4.6 and/or Clause 4.10 (as the case may be);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2.6</FONT></TD><TD STYLE="text-align: justify">immediately prior to 8:00 a.m.&nbsp;on the Listing Date; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2.7</FONT></TD><TD STYLE="text-align: justify">immediately prior to commencement of dealings of the Offer Shares on the SEHK,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">in
each case with reference to the facts and circumstances then subsisting. For the avoidance of doubt, nothing in this Clause </FONT>&lrm;8.2
shall affect the on-going nature of the Warranties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.3.</FONT></TD><TD STYLE="text-align: justify"><B>Notice of breach of Warranties</B>: The Company hereby undertakes to forthwith notify the Joint Sponsors
and the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters) in writing if it comes to its knowledge
that any of the Warranties is untrue, inaccurate or misleading in any respect or ceases to be true and accurate or becomes misleading
in any respect at any time up to the last to occur of the dates specified in Clause <B>&lrm;</B>8.2 or if it becomes aware of any event
or circumstances which would or might cause any of the Warranties to become untrue, inaccurate or misleading in any respect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.4.</FONT></TD><TD STYLE="text-align: justify"><B>Undertakings not to breach Warranties</B>: The Company hereby undertakes to the Hong Kong Underwriters,
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors not to, and shall procure that neither
the Company nor any other member of the Group shall, do or omit to do anything or permit to occur any event which would or might render
any of the Warranties untrue, incorrect or misleading in any respect at any time up to the last to occur of the dates specified in Clause
<B>&lrm;</B>8.2 or which could materially and adversely affect the Global Offering. Without prejudice to the foregoing, the Company agrees
not to make any amendment or supplement to the Offering Documents or any of them without the prior approval of the Joint Sponsors and
the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.5.</FONT></TD><TD STYLE="text-align: justify"><B>Remedial action and announcements</B>: The Company shall notify the Joint Sponsors and the Joint Global
Coordinators promptly if at any time, by reference to the facts and circumstances then subsisting, on or prior to the last to occur of
the dates on which the Warranties are deemed to be given pursuant to the provisions of Clause <B>&lrm;</B>8.2, (i)&nbsp;any event shall
occur or any circumstance shall exist which renders or could render untrue or inaccurate or misleading in any respect any of the Warranties
or gives rise or could give rise to a claim under any of the indemnities as contained in or given pursuant to this Agreement, or (ii)&nbsp;any
event shall occur or any circumstance shall exist which requires or could require the making of any change to any of the Offering Documents
so that any such Offering Documents would not include any untrue or inaccurate statement of a fact or omit to state any fact necessary
in order to make the statements therein, in light of the circumstances under which they were made when any such Offering Documents were
delivered, not misleading, or (iii)&nbsp;it shall become necessary or desirable for any other reason to amend or supplement any of the
Offering Documents or any significant new factor likely to affect the Hong Kong Public Offering or the Global Offering shall arise, and,
in each of the cases described in clauses (i)&nbsp;through (iii)&nbsp;above, the Company, at its own expense, shall promptly take such
remedial action as may be required by the Joint Sponsors and/or the Joint Global Coordinators, including promptly preparing, announcing,
issuing, publishing, distributing or otherwise making available, at the Company&rsquo;s expense, such amendments or supplements to the
Offering Documents or any of them as the Joint Global Coordinators and the Joint Sponsors may require and supplying the Joint Sponsors
and the Joint Global Coordinators or such persons as they may direct, with such number of copies of such amendments or supplements as
they may require.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
Company agrees not to issue, publish, distribute or make publicly available any such announcement, circular</FONT>, supplement, amendment
or document or do any such act or thing without the prior written consent of the Joint Sponsors and the Joint Global Coordinators (for
themselves and on behalf of the Hong Kong Underwriters), except as required by Laws, in which case the Company shall first consult the
Joint Sponsors and the Joint Global Coordinators before such issue, publication or distribution or act or thing being done.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.6.</FONT></TD><TD STYLE="text-align: justify"><B>Company&rsquo;s knowledge</B>: A reference in this Clause <B>&lrm;</B>8 or in Schedule 2 to the Company&rsquo;s
knowledge, information, belief or awareness or any similar expression shall be deemed to include an additional statement that it has been
made after due and careful enquiry. Notwithstanding that any of the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the Joint Sponsors has knowledge or has conducted investigation or enquiry with respect to the information
given under the relevant Warranty, the rights of the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the
Joint Lead Managers and the Joint Sponsors under this Clause <B>&lrm;</B>8 shall not be prejudiced by such knowledge, investigation and/or
enquiry.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.7.</FONT></TD><TD STYLE="text-align: justify"><B>Obligations personal</B>: The obligations of the Company under this Agreement shall be binding on its
personal representatives or its successors in title.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.8.</FONT></TD><TD STYLE="text-align: justify"><B>Release of obligations</B>: Any liability to the Hong Kong Underwriters, the Joint Global Coordinators,
the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors or any of them hereunder may in whole or in part be released, compounded
or compromised and time or indulgence may be given by the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the Joint Sponsors or any of them as regards any person under such liability without prejudicing the rights
of the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors (or
the rights of any of the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the
Joint Sponsors) against any other person under the same or a similar liability.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.9.</FONT></TD><TD STYLE="text-align: justify"><B>Consideration</B>: The Company has entered into this Agreement, and agreed to give the representations,
warranties, agreements and undertakings herein, in consideration of the Hong Kong Underwriters, the Joint Global Coordinators, the Joint
Bookrunners, the Joint Lead Managers and the Joint Sponsors agreeing to enter into this Agreement on the terms set out herein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.10.</FONT></TD><TD STYLE="text-align: justify"><B>Full force</B>: For the purpose of this Clause <B>&lrm;</B>8:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.10.1</FONT></TD><TD STYLE="text-align: justify">the Warranties shall remain in full force and effect notwithstanding the completion of the Global Offering
and the matters and arrangements referred to or contemplated in this Agreement; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.10.2</FONT></TD><TD STYLE="text-align: justify">if an amendment or supplement to the Offering Documents or any of them is announced, issued, published,
distributed or otherwise made available after the date hereof pursuant to Clause 8.5<B>&lrm;</B> or otherwise, the Warranties relating
to any such documents given pursuant to this Clause <B>&lrm;</B>8 shall be deemed to be repeated on the date of such amendment or supplement
and when so repeated, the Warranties relating to any such documents shall be read and construed subject to the provisions of this Agreement
as if the references therein to such documents means such documents when read together with such amendment or supplement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.11.</FONT></TD><TD STYLE="text-align: justify"><B>Separate Warranties</B>: Each Warranty shall be construed separately and independently and shall not
be limited or restricted by reference to or inference from the terms of any other of the Warranties or any other term of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>9.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>RESTRICTIONS ON ISSUE OR DISPOSAL OF SECURITIES</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.1.</FONT></TD><TD STYLE="text-align: justify"><B>Lock-up on the Company</B>: Except for the issue, offer or sale of the Offer Shares by the Company
pursuant to the Global Offering (including pursuant to the Over-allotment Option), and the issue of any Shares pursuant to the 2020 Share
Incentive Plan as disclosed in the Hong Kong Prospectus, during the period commencing on the date of this Agreement and ending on, and
including, the date that is six months after the Listing Date (the &ldquo;<B>First Six-Month Period</B>&rdquo;), the Company hereby undertakes
to each of the Hong Kong Underwriters, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Joint Sponsors
not to, and to procure each other member of the Group not to, without the prior written consent of the Joint Global Coordinators (for
themselves and on behalf of the Hong Kong Underwriters) and unless in compliance with the requirements of the Listing Rules&nbsp;or pursuant
to the exceptions set out in Rule&nbsp;10.08 of the Listing Rules:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.1.1</FONT></TD><TD STYLE="text-align: justify">offer, allot, issue, sell, accept subscription for, offer to allot, issue or sell, contract or agree to
allot, issue or sell, assign, mortgage, charge, pledge, hypothecate, hedge, lend, grant or sell any option, warrant, contract or right
to subscribe for or purchase, grant or purchase any option, warrant, contract or right to allot, issue or sell, or otherwise transfer
or dispose of or create an Encumbrance over, or agree to transfer or dispose of or create an Encumbrance over, either directly or indirectly,
conditionally or unconditionally, or repurchase, any legal or beneficial interest in any Shares or other securities of the Company, or
any interests in any of the foregoing (including, without limitation, any securities convertible into or exercisable or exchangeable for
or that represent the right to receive, or any warrants or other rights to purchase, any Shares or other securities of the Company), or
deposit any Shares or other securities of the Company, with a depositary in connection with the issue of depositary receipts; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.1.2</FONT></TD><TD STYLE="text-align: justify">enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic
consequences of subscription or ownership (legal or beneficial) of any Shares or other securities of the Company, or any interest therein
(including, without limitation, any securities of which are convertible into or exchangeable or exercisable for, or represent the right
to receive, or any warrants or other rights to purchase, any Shares); or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.1.3</FONT></TD><TD STYLE="text-align: justify">enter into any transaction with the same economic effect as any transaction specified in Clause 9.1.1
or 9.1.2 above; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.1.4</FONT></TD><TD STYLE="text-align: justify">offer to or contract to or agree to, or publicly announce any intention to enter into any transaction
described in Clause 9.1.1, 9.1.2 or 9.1.3 above,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">in
each case, whether any of the transactions specified in Clause 9.1.1, 9.1.2 or </FONT>&lrm;9.1.3 above is to be settled by delivery of
Shares or other securities of the Company, in cash or otherwise (whether or not the issue of such Shares or other securities will be completed
within the First Six-month Period).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.2.</FONT></TD><TD STYLE="text-align: justify"><B>Maintenance of public float: </B>The Company agrees and undertakes to each of the Joint Sponsors, the
Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Hong Kong Underwriters, that it will not, effect any
purchase of Shares, or agree to do so, which may reduce the holdings of Shares held by the public (as defined in Rule&nbsp;8.24 of the
Listing Rules) below the minimum public float requirements specified in the Listing Rules&nbsp;on or before the date falling six months
after the Listing Date without first having obtained the prior written consent of the Joint Global Coordinators (for themselves and on
behalf of the Hong Kong Underwriters).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.3.</FONT></TD><TD STYLE="text-align: justify"><B>Full force</B>: The undertakings in this Clause 9 shall remain in full force and effect notwithstanding
the completion of the Global Offering and the matters and arrangements referred to or contemplated in this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>10.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>FURTHER UNDERTAKINGS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">The Company undertakes to the Joint
Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers and the Hong Kong Underwriters that it shall:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.</FONT></TD><TD STYLE="text-align: justify"><B>Global Offering</B>: comply with the terms and conditions of the Global Offering and all obligations
imposed upon it by the Companies Ordinance, the Companies (Winding Up and Miscellaneous Provisions) Ordinance, the Securities and Futures
Ordinance and the Listing Rules&nbsp;or other applicable laws, and all requirements of the SEHK, the SFC or any other relevant Authority
in respect of or by reason of the matters contemplated by this Agreement and otherwise in connection with the Global Offering, including,
without limitation:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.1</FONT></TD><TD STYLE="text-align: justify">doing all such things as are necessary to ensure that Admission is obtained and not cancelled or revoked;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.2</FONT></TD><TD STYLE="text-align: justify">making all necessary Approvals and Filings with the Registrar of Companies in Hong Kong, the SEHK and
the SFC (if applicable);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.3</FONT></TD><TD STYLE="text-align: justify">making available on display and publishment on the Stock Exchange&rsquo;s website at <U>www.hkexnews.hk</U>
and the Company&rsquo;s website at <U>ir.miniso.com</U>, the documents referred to in the section of the Hong Kong Prospectus headed &ldquo;Documents
Delivered to the Registrar of Companies in Hong Kong and Available on Display&rdquo; for the period and at the address stated therein;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.4</FONT></TD><TD STYLE="text-align: justify">procuring that the Hong Kong Share Registrar, the Receiving Bank and the Nominee shall comply in all respects
with the terms of their respective appointments under the terms of the Registrar Agreement and the Receiving Bank Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.5</FONT></TD><TD STYLE="text-align: justify">procuring that none of the Company and/or any member of the Group, the Controlling Shareholders and/or
any of their respective directors, officers, employees, affiliates and/or agents, shall (whether directly or indirectly, formally or informally,
in writing or verbally) provide any material information, including forward looking information (whether qualitative or quantitative)
concerning the Company or any member of the Group that is not, or is not reasonably expected to be, included in each of the Hong Kong
Prospectus and the Preliminary Prospectus or publicly available, to any research analyst at any time up to and including the fortieth
day immediately following the Price Determination Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.1.6</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt">subject to any waiver granted by the SEHK and without prejudice to Clause
10.1.4</FONT><B>&lrm;</B><FONT STYLE="font-size: 10pt">, procuring that no core connected person of the Company (as defined in the Listing
Rules) and using its commercially reasonable endeavors to procure that no connected person (as defined in the Listing Rules) of the Company
and that the relevant connected person to procure that none of their respective associates will itself (or through a company controlled
by it), apply to purchase Offer Shares either in its own name or through nominees unless permitted to do so under the Listing Rules, and
if the Company shall become aware of any application or indication of interest for Offer Shares by any connected person, controlled company
or nominee, it shall forthwith notify the Joint Sponsors and the Joint Global Coordinators (for themselves and on behalf of the Hong Kong
Underwriters);</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.7</FONT></TD><TD STYLE="text-align: justify">that no preferential treatment has been, nor will be, given to any placee and its close associates by
virtue of its relationship with the Company in any allocation in the placing tranche;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.8</FONT></TD><TD STYLE="text-align: justify">using or procuring the use of all of the net proceeds received by it pursuant to the Global Offering strictly
in the manner specified in the section of the Hong Kong Prospectus headed &ldquo;Future Plans and Use of Proceeds&rdquo; and will not,
directly or indirectly, use such proceeds, or lend, contribute or otherwise make available such proceeds to any member of the Group or
other person or entity, for the purpose of financing any activities or business of or with any person or entity, or of, with or in any
country or territory, that is subject to any sanctions Laws and regulations, or in any other manner that will result in a violation by
any individual or entity (including, without limitation, by the Hong Kong Underwriters) of any sanctions laws and regulations; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1.9</FONT></TD><TD STYLE="text-align: justify">prior to publishing any press release in connection with the Global Offering, submitting drafts of such
press release to the Joint Global Coordinators (for themselves and on behalf of the Underwriters) and the Joint Sponsors for their review.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.2.</FONT></TD><TD STYLE="text-align: justify"><B>Information</B>: provide to the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the Hong Kong Underwriters all such information known to the Company or which on due and careful enquiry ought
to be known to the Company and whether relating to the Group or the Company or any of the Controlling Shareholders or otherwise as may
be reasonably required by the Joint Sponsors and the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters)
in connection with the Global Offering for the purposes of complying with any requirements of applicable Laws (including, without limitation
and for the avoidance of doubt, the requirements of the SEHK or of the SFC or of any other relevant Authority);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.3.</FONT></TD><TD STYLE="text-align: justify"><B>Receiving Bank, Nominee and Hong Kong Share Registrar</B>: procure that each of the Receiving Bank,
the Nominee and the Hong Kong Share Registrar shall do all such acts and things as may be required to be done by it in connection with
the Global Offering and the transactions contemplated herein, including but not limited to providing the Joint Global Coordinators with
such information and assistance as the Joint Global Coordinators may reasonably require for the purposes of determining the level of acceptances
under the Hong Kong Public Offering and the basis of allocation of the Hong Kong Offer Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.4.</FONT></TD><TD STYLE="text-align: justify"><B>Restrictive covenants</B>: not, and procure that no other member of the Group will:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.4.1</FONT></TD><TD STYLE="text-align: justify">at any time after the date of this Agreement up to and including the date on which all of the Conditions
are fulfilled or waived in accordance with this Agreement, do or omit to do anything which causes or can reasonably be expected to cause
any of the Warranties to be untrue, inaccurate or misleading in any respect at any time prior to or on the Listing Date;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.4.2</FONT></TD><TD STYLE="text-align: justify">enter into any commitment or arrangement which in the sole opinion of the Joint Global Coordinators and
the Joint Sponsors has or will or may result in a material adverse effect on the Global Offering;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.4.3</FONT></TD><TD STYLE="text-align: justify">take any steps which, in the opinion of the Joint Global Coordinators and the Joint Sponsors, are or will
or may be materially inconsistent with any statement or expression, whether of fact, policy, expectation or intention, in the Hong Kong
Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.4.4</FONT></TD><TD STYLE="text-align: justify">amend any of the terms of the appointments of the Hong Kong Share Registrar, the Receiving Bank and the
Nominee without the prior written consent of the Joint Global Coordinators and the Joint Sponsors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.4.5</FONT></TD><TD STYLE="text-align: justify">at any time after the Listing Date or the date on which the Over-allotment Option is exercised, if applicable,
amend or agree to amend any material perspectives of any constitutional document of the Company or any other member of the Group, including,
without limitation, the Articles of Association; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.4.6</FONT></TD><TD STYLE="text-align: justify">without the prior notice to the Joint Sponsors and the Joint Global Coordinators (for themselves and on
behalf of the Hong Kong Underwriters), issue, publish, distribute or otherwise make available directly or indirectly to the public any
document (including any prospectus), material or information in connection with the Global Offering, or make any amendment to any of the
Offering Documents, or any amendment or supplement thereto, except for the Offering Documents, any written materials agreed between the
Company and the Joint Sponsors and the Joint Global Coordinators (for themselves and on behalf of the Underwriters) to be made available
during any selective marketing of the International Offer Shares or as otherwise provided pursuant to the provisions of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.5.</FONT></TD><TD STYLE="text-align: justify"><B>Maintaining listing</B>: use its best endeavours to procure that it will maintain a listing for and
will refrain from taking any action that could jeopardize the listing status of, the Shares on the SEHK, and comply with the Listing Rules&nbsp;and
all requirements of the SEHK and the SFC, for at least one year after all of the Conditions have been fulfilled (or waived) except following
a withdrawal of such listing which has been approved by the relevant shareholders of the Company in accordance with applicable Laws (including
the Listing Rules, the U.S. securities related laws and the NYSE rules) or following an offer (within the meaning of the Hong Kong Codes
on Takeovers and Mergers and Share Buy-backs) for the Company becoming unconditional;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.6.</FONT></TD><TD STYLE="text-align: justify"><B>Legal and regulatory compliance</B>: comply with all applicable Laws (including, without limitation
and for the avoidance of doubt, the rules, regulations and requirements of the SEHK, the SFC, the NYSE, the SEC and any other Authority)
including, without limitation:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.6.1</FONT></TD><TD STYLE="text-align: justify">delivering to the SEHK as soon as practicable before the commencing of dealings in the Shares on the SEHK
the declaration to be signed by the Company in the form set out in Appendix 5, Form&nbsp;F of the Listing Rules;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.6.2</FONT></TD><TD STYLE="text-align: justify">procuring that the audited consolidated financial statements of the Company for the financial year ending
June&nbsp;30, 2022 will be prepared on a basis consistent in all material respects with the accounting policies adopted for the purposes
of the financial statements contained in the report of the Reporting Accountants set out in Appendix I to the Hong Kong Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.6.3</FONT></TD><TD STYLE="text-align: justify">complying with the Listing Rules, Part&nbsp;XIVA of the Securities and Futures Ordinance and/or any other
applicable Law to disclose by way of announcement or otherwise and disseminate to the public, under certain circumstances, information
affecting any forecast or estimated financial information contained in the Offering Documents and any information required by the SEHK,
the Listing Rules&nbsp;and/or any other applicable Law to be disclosed and disseminated to the public by the Company, provided that no
such disclosure shall be made by the Company without having been submitted to the Joint Sponsors and the Joint Global Coordinators for
their review not less than three Business Days prior to such issuance or such shorter period of time as is necessary for the Company to
avoid violation of any Law applicable to it; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.6.4</FONT></TD><TD STYLE="text-align: justify">complying with all the undertakings and commitments made by it or the Directors in the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.7.</FONT></TD><TD STYLE="text-align: justify"><B>Internal controls</B>: ensure that any issues identified and as disclosed in any internal control report
prepared by the Internal Control Consultant have been, are being or will promptly be rectified or improved in accordance with the recommendations
set out in the report to a sufficient standard or level for the operation and maintenance of efficient systems of internal accounting
and financial reporting controls and disclosure and corporate governance controls and procedures that are effective to perform the functions
for which they were established and to allow compliance by the Company and its Board with all applicable Laws, and, without prejudice
to the generality of the foregoing, to such standard or level recommended or suggested by the Internal Control Consultant in its internal
control report;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.8.</FONT></TD><TD STYLE="text-align: justify"><B>Compliance</B>: ensure that any material issues identified and as disclosed in any legal opinions or
due diligence reports prepared by the Company&rsquo;s overseas counsels, have been substantively rectified or improved in accordance with
the recommendations or suggestions set out in the relevant legal opinions or due diligence reports to a sufficient standard or level that
will not cause any interruption to the operation of the Group and to allow compliance by the relevant member of the Group and its board
with the applicable Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.9.</FONT></TD><TD STYLE="text-align: justify"><B>Significant changes</B>: promptly provide full particulars thereof to the Joint Sponsors and the Joint
Global Coordinators if, at any time up to or on the date falling six months after the Listing Date, there is a significant change which
affects or is capable of affecting any information contained in the Offering Documents or a significant new matter arises, the inclusion
of information in respect of which would have been required in any of the Offering Documents had it arisen before any of them was issued,
and, in connection therewith,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.9.1</FONT></TD><TD STYLE="text-align: justify">inform the SEHK of such change or matter if so required by the Joint Sponsors or the Joint Global Coordinators;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.9.2</FONT></TD><TD STYLE="text-align: justify">at its expense, promptly prepare documentation containing details of such change or matter if so required
by the SEHK and/or the and in a form approved by the Joint Sponsors and the Joint Global Coordinators, deliver such documentation through
the Joint Sponsors to the SEHK and/or the SFC for approval and publish such documentation in such manner as the SEHK and/or the SFC may
require;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.9.3</FONT></TD><TD STYLE="text-align: justify">at its expense, make all necessary announcements on the websites of SEHK and the Company to avoid a false
market being created in the Offer Shares; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.9.4</FONT></TD><TD STYLE="text-align: justify">not issue, publish, distribute or make available publicly any announcement, circular, document or other
communication relating to any such change or matter without the prior notice of the Joint Sponsors,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">and for the purposes of this Clause,
 &ldquo;<B>significant</B>&rdquo; means significant for the purpose of making an informed assessment of the matters mentioned in Rule&nbsp;11.07
of the Listing Rules; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.10.</FONT></TD><TD STYLE="text-align: justify"><B>General</B>: without prejudice to the foregoing obligations, do all such other acts and things as may
be reasonably required to be done by it to carry into effect the Global Offering in accordance with the terms thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">The
undertakings in this Clause 10</FONT>&lrm; shall remain in full force and effect notwithstanding the completion of the Global Offering
and the matters and arrangements referred to or contemplated in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>11.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>TERMINATION</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.1.</FONT></TD><TD STYLE="text-align: justify"><B>Termination events</B>: The Joint Sponsors and Joint Global Coordinators (for themselves and on behalf
of the Hong Kong Underwriters), in their sole and absolute discretion, shall be entitled by notice to the Company to terminate this Agreement
with immediate effect if any of the following events shall occur at any time prior to 8:00 a.m.&nbsp;on the Listing Date:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.1.1</FONT></TD><TD STYLE="text-align: justify">there shall develop, occur, exist or come into effect:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="text-align: justify">any event, or series of events, in the nature of force majeure (including, without limitation, any acts
of government, declaration of a local, regional, national or international emergency or war, calamity, crisis, epidemic, pandemic, large-scale
outbreaks, escalation, aggravation of diseases (including, without limitation, COVID-19, SARS, swine or avian flu, H5N1, H1N1, H7N9, Ebola
virus, Middle East respiratory syndrome (MERS) and such related/mutated forms), economic sanctions, strikes, labour disputes, lock-outs,
fire, explosion, flooding, tsunami, earthquake, volcanic eruption, civil commotion, riots, rebellion, public disorder, acts of war, outbreak
or escalation of hostilities (whether or not war is declared), acts of God or acts of terrorism (whether or not responsibility has been
claimed)) in or affecting Hong Kong, the PRC, the Cayman Islands, the United States, Canada,&nbsp;Indonesia,&nbsp;India, the United Kingdom,
the European Union (or any member thereof), Japan or Singapore (collectively, the &ldquo;<B>Relevant Jurisdictions</B>&rdquo;) ;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="text-align: justify">any change or development involving a prospective change, or any event or circumstances or series of events
likely to result in any change or development involving a prospective change, in any local, national, regional or international financial,
economic, political, military, industrial, legal, fiscal, regulatory, currency, credit or market matters or conditions, equity securities
or exchange control or any monetary or trading settlement system or other financial markets (including, without limitation, conditions
in the stock and bond markets, money and foreign exchange markets, the interbank markets and credit markets), in or affecting any of the
Relevant Jurisdictions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD><TD STYLE="text-align: justify">any moratorium, suspension or restriction (including, without limitation, any imposition of or requirement
for any minimum or maximum price limit or price range) in or on trading in securities generally on SEHK, the NYSE, the NASDAQ Global Market,
the London Stock Exchange, the Shanghai Stock Exchange, the Shenzhen Stock Exchange or Tokyo Stock Exchange;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)</FONT></TD><TD STYLE="text-align: justify">a suspension or material limitation in trading in the Company&rsquo;s securities on the NYSE;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)</FONT></TD><TD STYLE="text-align: justify">any general moratorium on commercial banking activities in or affecting any of the Relevant Jurisdictions
(declared by the relevant authorities) or any disruption in commercial banking or foreign exchange trading or securities settlement or
clearance services, procedures or matters in or affecting any of the Relevant Jurisdictions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(f)</FONT></TD><TD STYLE="text-align: justify">the enactment, publication, decree or other promulgation of any new law, statute, rule, order or regulation
or any change or development involving a prospective change in existing laws or regulations, or any event or circumstance or series of
events likely to result in any change or development involving a prospective change in the interpretation or application thereof by any
court or any governmental or regulatory authority in or affecting any of the Relevant Jurisdictions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g)</FONT></TD><TD STYLE="text-align: justify">any outbreak or escalation of hostilities or any change in financial markets or any calamity or crisis
in any of the Relevant Jurisdictions or international financial, political or economic conditions or exchange controls;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(h)</FONT></TD><TD STYLE="text-align: justify">the imposition of economic sanctions on any of the Relevant Jurisdictions applicable to the business operations
of the Group;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)</FONT></TD><TD STYLE="text-align: justify">any change or development involving a prospective change or amendment in or affecting taxation or foreign
exchange control, currency exchange rates or foreign investment regulations (including, without limitation, a material devaluation of
the Hong Kong dollar, United States dollar or RMB against any foreign currency, a change in the system under which the value of the Hong
Kong dollar is linked to that of the United States dollar or RMB is linked to any foreign currency or currencies), or the implementation
of any exchange control, in any of the Relevant Jurisdictions which materially adversely affect an investment in the Offer Shares;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(j)</FONT></TD><TD STYLE="text-align: justify">other than with the prior written consent of the Joint Sponsors and the Joint Global Coordinators, the
issue or requirement to issue by the Company of a supplement or amendment to the Hong Kong Prospectus, the Green Application Forms or
other documents in connection with the offer and sale of the Offer Shares pursuant to the Companies (Winding Up and Miscellaneous Provisions)
Ordinance or the Listing Rules&nbsp;or upon any requirement or request of SEHK and/or the SFC;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(k)</FONT></TD><TD STYLE="text-align: justify">a valid demand by any creditor for repayment or payment of any indebtedness of any member of the Group
or in respect of which any member of the Group is liable prior to its stated maturity, to the extent that it will cause a material adverse
impact to the Company&rsquo;s financial and business operations;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(l)</FONT></TD><TD STYLE="text-align: justify">any litigation, dispute, legal action, process for administrative sanctions, or claim being threatened
or instigated against any member the Group or any Directors;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(m)</FONT></TD><TD STYLE="text-align: justify">the Company withdraws the Hong Kong Prospectus (and/or any other documents issued or used in connection
with the Global Offering) or the Global Offering;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(n)</FONT></TD><TD STYLE="text-align: justify">the chairman, chief executive officer, chief financial officer, or any executive Director is vacating
his or her office or is being charged with an indictable offence or is prohibited by operation of Laws or otherwise disqualified from
taking part in the management or taking directorship of a company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(o)</FONT></TD><TD STYLE="text-align: justify">there is a final adjudication by any Authority of any investigation or action against any Director any
member of the Group, or announcement by any Authority on such investigation or take any such action;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(p)</FONT></TD><TD STYLE="text-align: justify">there is any order or petition for the winding-up or liquidation of any member of the Group or any composition
or arrangement made by any member of the Group with its creditors or a scheme of arrangement entered into by any member of the Group or
any resolution for the winding-up of any member of the Group or the appointment of a provisional liquidator, receiver or manager over
all or part of the assets or undertaking of any member of the Group or anything analogous thereto occurring in respect of any member of
the Group;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(q)</FONT></TD><TD STYLE="text-align: justify">any contravention by the Company, any member of the Group, any Directors of any applicable laws and regulations
including the Listing Rules; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(r)</FONT></TD><TD STYLE="text-align: justify">any non-compliance of the Hong Kong Prospectus (or any other documents used in connection with the contemplated
subscription and sale of the Offer Shares) or any aspect of the Global Offering with the Listing Rules&nbsp;or any other applicable laws
and regulations,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">which, individually or in the aggregate,
in the sole and absolute opinion of the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters), (1)&nbsp;has
or will or is likely to have a Material Adverse Effect; (2)&nbsp;has or will or may have a material adverse effect on the completion of
the Global Offering; (3)&nbsp;makes, will make or is likely to make it inadvisable, inexpedient, impracticable or incapable for the Hong
Kong Public Offering and/or the International Offering to proceed or to market the Global Offering or the delivery or distribution of
the Offer Shares on the terms and in the manner contemplated by the Offering Documents; or (4)&nbsp;has or will or may have the effect
of making any material part of this Agreement (including underwriting) incapable of performance in accordance with its terms or preventing
the processing of applications and/or payments pursuant to the Global Offering or pursuant to the underwriting thereof; or</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.1.2</FONT></TD><TD STYLE="text-align: justify">there has come to the notice of the Joint Sponsors and Joint Global Coordinators that:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="text-align: justify">any statement contained in the Offering Documents, the Operative Documents, the Preliminary Prospectus,
and/or any notices, announcements, advertisements, press release, communications, roadshow materials or other offering materials or documents
(including any announcement, circular, document or other communication pursuant to this Agreement) issued or used by or on behalf of the
Company in connection with the Hong Kong Public Offering and the Global Offering (including any supplement or amendment thereto, <FONT STYLE="font-family: Times New Roman, Times, Serif">but
excluding factual information solely relating to the Underwriters which consists of onlythe Underwriters&rsquo; names, logos and addresses</FONT>
(the &ldquo;<B>Offer-Related Documents</B>&rdquo;)) was, when it was issued, or has become, untrue, incorrect, inaccurate, incomplete
in any material respects or misleading or deceptive, or that any estimate, forecast, expression of opinion, intention or expectation contained
in any of such documents is not fair and honest and based on reasonable grounds or reasonable assumptions;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="text-align: justify">any matter has arisen or has been discovered which would, had it arisen or been discovered immediately
before the date of the Hong Kong Prospectus, constitute a material omission from, or misstatement in, any of the Offer-Related Documents;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD><TD STYLE="text-align: justify">there is a material breach of any of the obligations imposed upon the Company under this Agreement or
the International Underwriting Agreement, as applicable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)</FONT></TD><TD STYLE="text-align: justify">there is an event, act or omission which gives or is likely to give rise to any material liability of
the Company pursuant to the indemnities given by any of them under this Agreement and International Underwriting Agreement, as applicable;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(e)</FONT></TD><TD STYLE="text-align: justify">there is any Material Adverse Effect;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(f)</FONT></TD><TD STYLE="text-align: justify">there is a breach of, or any event or circumstances rendering untrue, incorrect, incomplete or misleading
in any respect, any of the Warranties in either this Agreement or the International Underwriting Agreement;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(g)</FONT></TD><TD STYLE="text-align: justify">the approval by the Stock Exchange of the listing of, and permission to deal in, (i)&nbsp;the Shares in
issue and to be issued pursuant to the Global Offering (including the additional Shares which may be issued pursuant to the exercise of
the Over-allotment Option); and (ii)&nbsp;the Shares to be issued pursuant to the 2020 Share Incentive Plan, on the Main Board of the
SEHK is refused or not granted, other than subject to customary conditions, on or before the date of the Listing, or if granted, the approval
is subsequently withdrawn, cancelled, qualified (other than by customary conditions), revoked or withheld;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(h)</FONT></TD><TD STYLE="text-align: justify">any experts specified in the Hong Kong Prospectus (other than the Joint Sponsors) has withdrawn its consent
to the issue of the Hong Kong Prospectus with the inclusion of its reports, letters and/or legal opinions (as the case may be) and references
to its name included in the form and context in which it respectively appears;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(i)</FONT></TD><TD STYLE="text-align: justify">the Company withdraws the Hong Kong Prospectus (and/or any other documents issued or used in connection
with the Global Offering) or the Global Offering; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(j)</FONT></TD><TD STYLE="text-align: justify">there is a prohibition on the Company for whatever reason from offering, allotting, issuing or selling
any of the Offer Shares (including any additional Shares to be issued pursuant to the Over-allotment Option) pursuant to the terms of
the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.2.</FONT></TD><TD STYLE="text-align: justify"><B>Effect of termination</B>: Upon the termination of this Agreement pursuant to the provisions of Clause
11.1<B>&lrm;</B> or Clause 2.4<B>&lrm;</B>:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.2.1</FONT></TD><TD STYLE="text-align: justify">subject to Clause 11.2.3 below, each of the parties hereto shall cease to have any rights or obligations
under this Agreement except that Clauses 6.4<B>&lrm;</B>, 6.5, 11.2 and 12<B>&lrm;</B> to 17 and any rights or obligations that may have
accrued under this Agreement prior to such termination shall survive such termination;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.2.2</FONT></TD><TD STYLE="text-align: justify">the Company shall pay to the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the
Joint Lead Managers and the Hong Kong Underwriters, where applicable, as soon as practicable all costs, expenses, fees, charges and Taxation
in accordance with Clauses 6.4&lrm; and 6.5, and the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead
Managers and the Hong Kong Underwriters may, in accordance with the provisions of the Receiving Bank&rsquo;s Agreement, instruct the Nominee
to make such (or any part of such) payment; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.2.3</FONT></TD><TD STYLE="text-align: justify">the Company shall refund as soon as practicable all payments made by the Hong Kong Underwriters or any
of them pursuant to Clause 4.9<B>&lrm;</B> and/or by the <FONT STYLE="color: #231f20">Joint Global Coordinators pursuant to Clause 4.10
</FONT>and/or by applicants under the Hong Kong Public Offering (in the latter case, the Company shall procure that the Hong Kong Share
Registrar and the Nominee dispatch refund cheques to all applicants under the Hong Kong Public Offering in accordance with the Registrar
Agreement and the Receiving Bank Agreement).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>12.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>INDEMNITY</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.</FONT></TD><TD STYLE="text-align: justify"><B>Indemnity</B>: The Company (the &ldquo;<B>Indemnifying Party</B>&rdquo;) undertakes to the Joint Sponsors,
the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Hong Kong Underwriters and each of them (for themselves,
respectively, and on trust for their respective Indemnified Parties (as defined below)) to indemnify, hold harmless and keep fully indemnified
(on an after-Tax basis), on demand, defend, each such Indemnified Party against all losses, liabilities, damages, Taxes, payments, costs,
charges, expenses)(collectively, &ldquo;<B>Losses</B>&rdquo; and individually, a &ldquo;<B>Loss</B>&rdquo;) which, jointly or severally,
any such Indemnified Party may suffer or incur, and against all actions, suits and proceedings (including, without limitation, any investigation
or inquiry by or before any Authority), demands, judgement, awards and claims (whether or not any such claim involves or results in any
action, suit or proceeding) (collectively, &ldquo;<B>Proceedings</B>&rdquo; and individually, a &ldquo;<B>Proceeding</B>&rdquo;), which
may be brought or threatened to be brought or made against any such Indemnified Party jointly or severally, from time to time (including,
without limitation, all payments, costs (including, without limitation, legal costs and disbursements), charges, fees and expenses arising
out of or in connection with the investigation, response to, defense or settlement or compromise of, or the enforcement of any settlement
or compromise or judgment obtained with respect to, any such Loss or any such Proceeding), and, in each case, which, directly or indirectly,
arise out of or are in connection with:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.1</FONT></TD><TD STYLE="text-align: justify">the issue, publication, distribution, use or making available of any of the Offering Documents; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.2</FONT></TD><TD STYLE="text-align: justify">any of the Offering Documents containing any untrue or alleged untrue statement of a material fact, or
omitting or being alleged to have omitted to state a fact necessary in order to make the statements therein, in light of the circumstances
under which they were made, not misleading, or not containing or being alleged not to contain all information as investors and their professional
advisers would reasonably require, and reasonably expect to find therein, in the context of the Global Offering; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.3</FONT></TD><TD STYLE="text-align: justify">the offer, allotment, issue, sale or delivery of the Offer Shares; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.4</FONT></TD><TD STYLE="text-align: justify">any breach or alleged breach on the part of the Company of any of the provisions of this Agreement, the
Price Determination Agreement, the International Underwriting Agreement, the Articles of Association or applicable Laws; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.5</FONT></TD><TD STYLE="text-align: justify">any of the Warranties being untrue, inaccurate or misleading in any respect or having been breached in
any respect or being alleged to be untrue, inaccurate or misleading in any respect or alleged to have been breached in any respect; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.6</FONT></TD><TD STYLE="text-align: justify">the performance by the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint
Lead Managers, the Hong Kong Underwriters or any of them of their or its obligations and roles or any other actions or activities under
or referred to in this Agreement or the Offering Documents or otherwise in connection with the Global Offering; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.7</FONT></TD><TD STYLE="text-align: justify">any act or omission of any member of the Group in relation to the Global Offering; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.8</FONT></TD><TD STYLE="text-align: justify">the Global Offering or any of the Offering Documents failing or being alleged to fail to comply with the
requirements of the Listing Rules, or any Law of any applicable jurisdiction, or any condition or term of any Approvals and Filings in
connection with the Global Offering; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.9</FONT></TD><TD STYLE="text-align: justify">any failure or alleged failure by the Company, any of the Directors to comply with their respective obligations
under the Listing Rules;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.10</FONT></TD><TD STYLE="text-align: justify">any breach by any member of the Group of the Listing Rules&nbsp;or applicable Laws; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1.11</FONT></TD><TD STYLE="text-align: justify">any other matters arising out of or in connection with the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">provided
that the indemnity provided for in this Clause 12.1 shall not apply in respect of any Indemnified Party if any such Loss suffered or incurred
by such Indemnified Party is finally judicially determined by a court of competent jurisdiction or a properly constituted arbitral panel
(as the case may be) to have arisen solely out of the gross negligence or wilful default on the part of such Indemnified Party. As used
herein, &ldquo;<B>Indemnified Parties</B>&rdquo; mean the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint
Lead Managers and the Hong Kong Underwriters, their respective head offices (including branches thereof), subsidiaries, associates and
affiliates, their respective delegates referred to in Clause </FONT>&lrm;&lrm;3.4, their respective representatives, partners, directors,
officers, employees and agents, all directors, officers, employees and agents of their respective head offices (including branches thereof),
subsidiaries, associates and affiliates, and the successors and assigns of all of the foregoing persons, and &ldquo;<B>Indemnified Party</B>&rdquo;
means any one of them.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.2.</FONT></TD><TD STYLE="text-align: justify"><B>No claims against Indemnified Parties</B>: No Proceeding shall be brought against any Indemnified Party
by, and no Indemnified Party shall be liable to, any Indemnifying Party to recover any Loss which such Indemnifying Party may suffer or
incur by reason of or in any way arising out of the carrying out by any of the Indemnified Parties of any act in connection with the transactions
contemplated herein and in the documentation relating to the Global Offering, the performance by the Joint Sponsors, the Joint Global
Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Hong Kong Underwriters of their obligations hereunder or otherwise in
connection with the offer, allotment, issue, sale or delivery of the Offer Shares or the preparation or dispatch of the documentation
relating to the Global Offering, provided that the foregoing shall not exclude any liability of any Indemnified Party for such Loss which
has been finally judicially determined by a court of competent jurisdiction or a properly constituted arbitral panel (as the case may
be) to have arisen solely out of the gross negligence or wilful default on the part of such Indemnified Party.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.3.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Conduct of claims</B>: If any Proceeding is instituted involving any
Indemnified Party in respect of which the indemnity provided for in this Clause </FONT><FONT STYLE="font-size: 13pt"><B>&lrm;</B></FONT><FONT STYLE="font-size: 10pt">12
may apply, such Indemnified Party shall, subject to any restrictions imposed by any Law or obligation of confidentiality, promptly notify
the Indemnifying Party in writing of the institution of such Proceeding, provided, however, that the omission to so notify the Indemnifying
Party shall not relieve such Indemnifying Party from any liability which such Indemnifying Party may have to any Indemnified Party under
this Clause 12 or otherwise. The Indemnifying Party may participate at its expense in the defense of such Proceeding including appointing
counsel at its expense to act for it in such Proceeding; provided, however, that counsel to the Indemnifying Party shall not (except with
the prior written consent of any Indemnified Parties) also be counsel to the Indemnified Party. Unless the Joint Sponsors and the Joint
Global Coordinators (on behalf of any Indemnified Parties) consent to counsel to the Indemnifying Party acting as counsel to such Indemnified
Parties in such Proceeding, the Joint Sponsors and Joint Global Coordinators (on behalf of such Indemnified Parties) shall have the right
to appoint their own separate counsel (in addition to local counsel) in such Proceeding. The fees and expenses of separate counsel (in
addition to local counsel) to any Indemnified Parties shall be borne by the Indemnifying Parties and paid as incurred.</FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.4.</FONT></TD><TD STYLE="text-align: justify"><B>Settlement of claims</B>: No Indemnifying Party shall, without the prior written consent of an Indemnified
Party, effect, make, propose or offer any settlement or compromise of, or consent to the entry of any judgment with respect to, any pending
or threatened Proceeding in respect of which any Indemnified Party is or could be or could have been a party and indemnity could be or
could have been sought hereunder by such Indemnified Party, unless such settlement, compromise or consent judgement includes an unconditional
release of such Indemnified Party, in form and substance reasonably satisfactory to such Indemnified Party, from all liability on claims
that are the subject matter of such Proceeding and does not include any statement as to or any admission of fault, culpability or a failure
to act by or on behalf of such Indemnified Party. Any settlement or compromise by any Indemnified Party, or any consent by any Indemnified
Party to the entry of any judgment, in relation to any Proceeding shall be without prejudice to, and without (other than any obligations
imposed on it by law) any accompanying obligation or duty to mitigate the same in relation to, any Loss it may recover from, or any Proceeding
it may take against, any of the Indemnifying Parties under this Agreement. The Indemnifying Party shall be liable for any settlement or
compromise by any Indemnified Party of, or any judgment consented to by any Indemnified Party with respect to, any pending or threatened
Proceeding, whether effected with or without the consent of such Indemnifying Party, and agrees to indemnify and hold harmless the Indemnified
Party from and against any loss or liability by reason of such settlement, compromise or consent judgment. The rights of the Indemnified
Parties herein are in addition to any rights that each Indemnified Party may have at law or otherwise and the obligations of the Indemnifying
Parties herein shall be in addition to any liability which the Indemnifying Parties may otherwise have.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.5.</FONT></TD><TD STYLE="text-align: justify"><B>Arrangements with advisers</B>: If any Indemnifying Party enters into any agreement or arrangement
with any adviser for the purpose of or in connection with the Global Offering, the terms of which provide that the liability of the adviser
to the Indemnifying Party or any other person is excluded or limited in any manner, and any of the Indemnified Parties may have joint
and/or several liability with such adviser to the Indemnifying Party or to any other person arising out of the performance of its duties
under this Agreement, the Indemnifying Party shall:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.5.1</FONT></TD><TD STYLE="text-align: justify">not be entitled to recover any amount from any Indemnified Party which, in the absence of such exclusion
or limitation, the Indemnifying Party would not have been entitled to recover from such Indemnified Party; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.5.2</FONT></TD><TD STYLE="text-align: justify">indemnify the Indemnified Parties in respect of any increased liability to any third party which would
not have arisen in the absence of such exclusion or limitation; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.5.3</FONT></TD><TD STYLE="text-align: justify">take such other action as the Indemnified Parties may require to ensure that the Indemnified Parties are
not prejudiced as a consequence of such agreement or arrangement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.6.</FONT></TD><TD STYLE="text-align: justify"><B>Costs</B>: For the avoidance of doubt, the indemnity under this Clause <B>&lrm;</B>12 shall cover all
costs, charges, fees and expenses which any Indemnified Party may suffer, incur or pay in disputing, investigating, responding to, defending,
settling or compromising, or enforcing any settlement, compromise or judgment obtained with respect to, any Losses or any Proceedings
to which the indemnity may relate and in establishing its right to indemnification under this Clause <B>&lrm;</B>12.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.7.</FONT></TD><TD STYLE="text-align: justify"><B>Payment on demand</B>: All amounts subject to indemnity under this Clause <B>&lrm;</B>12 shall be paid
by an Indemnifying Party as and when they are incurred within ten Business Days of a written notice demanding payment being given to such
Indemnifying Party by or on behalf of the relevant Indemnified Party.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.8.</FONT></TD><TD STYLE="text-align: justify"><B>Payment free from counterclaims/set-offs</B>: All payments made by an Indemnifying Party under this
Clause <B>&lrm;</B>12 shall be made gross, free of any right of counterclaim or set off and without deduction or withholding of any kind,
other than any deduction or withholding required by any Law. If an Indemnifying Party makes a deduction under this Clause <B>&lrm;</B>12,
the sum due from such Indemnifying Party shall be increased to the extent necessary to ensure that, after the making of any deduction
or withholding, the relevant Indemnified Party which is entitled to such payment receives a sum equal to the sum it would have received
had no deduction or withholding been made.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.9.</FONT></TD><TD STYLE="text-align: justify"><B>Taxation</B>: If a payment under this Clause <B>&lrm;</B>12 will be or has been subject to Taxation,
the Indemnifying Parties shall pay the relevant Indemnified Party on demand the amount (after taking into account any Taxation payable
in respect of the amount and treating for these purposes as payable any Taxation that would be payable but for a relief, clearance, deduction
or credit) that will ensure that the relevant Indemnified Party receives a net sum equal to the sum it would have received had the payment
not been subject to Taxation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.10.</FONT></TD><TD STYLE="text-align: justify"><B>Full force</B>: The foregoing provisions of this Clause <B>&lrm;</B>12 will continue in full force
and effect notwithstanding the completion of the Global Offering and the matters and arrangements referred to or contemplated in this
Agreement or the termination of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>13.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>ANNOUNCEMENTS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">13.1.</FONT></TD><TD STYLE="text-align: justify"><B>Restrictions on announcements</B>: No announcement concerning this Agreement, any matter contemplated
herein or any ancillary matter hereto shall be made or dispatched by the Company (or by any of its respective directors, officers, employees
or agents) during the period of six months from the date of this Agreement without the prior written approval of the Joint Sponsors and
the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters) except in the event and to the extent that
any such announcement is required by applicable Laws or required by any Authority to which such party is subject or submits, wherever
situated, including, without limitation, the SEHK, the SFC, the NYSE and the SEC, whether or not the requirement has the force of law
and, to the extent permitted by applicable Laws and the relevant Authority, any such announcement so made by any of the parties shall
be made only after the Joint Sponsors and the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters) have
had a reasonable opportunity to review and comment on the final draft and their comments (if any) have been fully considered by the issuers
thereof.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">13.2.</FONT></TD><TD STYLE="text-align: justify"><B>Full force</B>: The restriction contained in this Clause 13<B>&lrm;</B> shall continue to apply after
the completion of the Global Offering and the matters and arrangements referred to or contemplated in this Agreement or, for so long as
any of the Joint Sponsors or the Joint Global Coordinators still remain as sponsor or adviser to the Company, the termination of this
Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>14.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>CONFIDENTIALITY</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.1.</FONT></TD><TD STYLE="text-align: justify"><B>Information confidential</B>: Subject to Clause 14.2, each party hereto shall, and shall procure that
its affiliates and its and their directors, officers, employees and agents will, treat as strictly confidential all information received
or obtained as a result of entering into or performing this Agreement which relates to the provisions of this Agreement, the negotiations
relating to this Agreement, the matters contemplated under this Agreement or the other parties to this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.2.</FONT></TD><TD STYLE="text-align: justify"><B>Exceptions</B>: Any party hereto may disclose, or permit its affiliates and its and their respective
directors, officers, employees and agents to disclose, information which would otherwise be confidential if and to the extent:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.2.1</FONT></TD><TD STYLE="text-align: justify">required by applicable Laws;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.2.2</FONT></TD><TD STYLE="text-align: justify">required by any Authority to which such party is subject or submits, wherever situated, including, without
limitation, the SEHK, the SFC, the NYSE and the SEC, whether or not the requirement for disclosure of information has the force of law;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.2.3</FONT></TD><TD STYLE="text-align: justify">required to vest the full benefit of this Agreement in such party;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.2.4</FONT></TD><TD STYLE="text-align: justify">disclosed to the professional advisers and auditors of such party;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.2.5</FONT></TD><TD STYLE="text-align: justify">the information has come into the public domain through no fault of such party;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.2.6</FONT></TD><TD STYLE="text-align: justify">required by any Hong Kong Underwriter or its affiliates for the purpose of the Global Offering or necessary
in the view of any Hong Kong Underwriter or its affiliates to seek to establish any defense or pursue any claim in any legal, arbitration
or regulatory proceeding or investigation in connection with the Global Offering or otherwise to comply with its or their own regulatory
obligations; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.2.7</FONT></TD><TD STYLE="text-align: justify">the other parties have given prior written approval to the disclosure (and in the case of the Hong Kong
Underwriters, by the Joint Global Coordinators (on behalf of the Hong Kong Underwriters)), such approval not to be unreasonably withheld
or delayed,</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">provided
that, in the cases of Clauses 14.2.3</FONT>&lrm; and 14.2.7&lrm;, any such information disclosed shall be disclosed only after consultation
with the other parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.3.</FONT></TD><TD STYLE="text-align: justify"><B>Full force</B>: The restrictions contained in this Clause 14<B>&lrm;</B> shall remain in full force
and effect notwithstanding the termination of this Agreement or the completion of the Global Offering and the matters and arrangements
referred to or contemplated in this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>15.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>NOTICES</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.1.</FONT></TD><TD STYLE="text-align: justify"><B>Language</B>: All notices or other communication delivered hereunder shall be in writing except as
otherwise provided in this Agreement and shall be in the English language.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.2.</FONT></TD><TD STYLE="text-align: justify"><B>Time of notice</B>: Any such notice or other communication shall be addressed as provided in Clause
15.3<B>&lrm;</B> and if so addressed, shall be deemed to have been duly given or made as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.2.1</FONT></TD><TD STYLE="text-align: justify">if sent by personal delivery, upon delivery at the address of the relevant party;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.2.2</FONT></TD><TD STYLE="text-align: justify">if sent by post, two Business Days after the date of posting;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.2.3</FONT></TD><TD STYLE="text-align: justify">if sent by airmail, five Business Days after the date of posting;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.2.4</FONT></TD><TD STYLE="text-align: justify">if sent by facsimile, when dispatched with confirmed receipt as evidenced by the transmission report generated
at the end of the transmission of such facsimile by the facsimile machine used for such transmission;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.2.5</FONT></TD><TD STYLE="text-align: justify">if sent by email, when sent.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify">Any notice received or deemed to be
received on a day which is not a Business Day shall be deemed to be received on the next Business Day.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.3.</FONT></TD><TD STYLE="text-align: justify"><B>Details of contact</B>: The relevant address and fax number of each of the parties hereto for the purpose
of this Agreement, subject to Clause 15.4<B>&lrm;</B>, are as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%">
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If to the <B>Company</B>, to:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 0.5in"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; width: 1in"><FONT STYLE="font-size: 10pt">Address</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; width: 0.65in"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">8/F, M Plaza, No.&nbsp;109, Pazhou
    Avenue, Haizhu District, Guangzhou 500000, Guangdong Province, China</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Email</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fax</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Attention</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If to <B>BofA Securities</B>, to:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Address</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">55/F, Cheung Kong Center, 2 Queen's Road Central,
    Central, Hong Kong</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Email</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fax</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Attention</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If to <B>HIC</B>, to:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Address</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Suites 3001-3006 and 3015-3016, One International
    Finance Centre, No.&nbsp;1 Harbour View Street, Hong Kong</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Email</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fax</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Attention</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If to <B>HIS</B>, to</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Address</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">28/F, One International Finance Centre, No.1 Harbour
    View Street, Central, Hong Kong</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Email</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fax</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Attention</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If to <B>UBS AG</B>, to:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Address</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">52/F, Two International Finance Centre, 8 Finance
    Street, Hong Kong</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Email</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fax</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Attention</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">If to <B>UBS Securities</B>, to:</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD COLSPAN="3" STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Address</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">52/F, Two International Finance Centre, 8 Finance
    Street, Hong Kong</FONT></TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Email</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Fax</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  <TR STYLE="vertical-align: bottom">
    <TD><FONT STYLE="font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">Attention</FONT></TD>
    <TD STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-size: 10pt">:</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif">***</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Split-Segment; Name: Split 0002 -->
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
to any of the Hong Kong Underwriters, to the address and fax number of such Hong Kong Underwriter, and for the attention of the person,
specified opposite the name of such Hong Kong Underwriter in </FONT>&lrm;Schedule 1.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.4.</FONT></TD><TD STYLE="text-align: justify"><B>Change of contact details</B>: A party may notify the other parties to this Agreement of a change of
its relevant address or facsimile number for the purposes of Clause 15.3, provided that such notification shall only be effective on:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.4.1</FONT></TD><TD STYLE="text-align: justify">the date specified in the notification as the date on which the change is to take place; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.4.2</FONT></TD><TD STYLE="text-align: justify">if no date is specified or the date specified is less than two Business Days after the date on which notice
is given, the date falling two Business Days after notice of any such change has been given.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>16.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>GOVERNING LAW; DISPUTE RESOLUTION; WAIVER OF IMMUNITY</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.1.</FONT></TD><TD STYLE="text-align: justify"><B>Governing law</B>: This Agreement shall be governed by and construed in accordance with the laws of
Hong Kong.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.2.</FONT></TD><TD STYLE="text-align: justify"><B>Arbitration</B>: Each party to this Agreement agrees, on behalf of itself and as agent for its respective
affiliates, that any dispute, controversy, difference or claim arising out of or relating to this Agreement, including the existence,
validity, interpretation, performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out
of or relating to it shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration
Centre (HKIAC) under the HKIAC Administered Arbitration Rules&nbsp;in force when the Notice of Arbitration is submitted. The law of this
arbitration clause shall be the law of Hong Kong. The seat of arbitration shall be Hong Kong. The number of arbitrators shall be three.
The arbitration proceedings shall be conducted in English. This arbitration agreement shall be governed by the law of Hong Kong. The rights
and obligations of the parties to submit disputes to arbitration pursuant to this Clause shall survive the termination of this Agreement
or the completion of the Global Offering and the matters and arrangements referred to or contemplated in this Agreement. Any party may
bring proceedings in any court of competent jurisdiction for ancillary, interim or interlocutory relief in relation to any arbitration
commenced under this Clause. Notwithstanding the above, each of the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers,
the Hong Kong Underwriters and the Joint Sponsors shall also have the sole right:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.2.1</FONT></TD><TD STYLE="text-align: justify">to commence proceedings or pursue a claim in any court of competent jurisdiction for injunctive relief
in relation to any dispute arising out of or in connection with this Agreement; or</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.2.2</FONT></TD><TD STYLE="text-align: justify">in circumstances in which they become or are joined as a defendant or third party in any proceedings,
to pursue claims against the Company in those proceedings (whether by way of a claim for an indemnity, contribution or otherwise).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.3.</FONT></TD><TD STYLE="text-align: justify"><B>Submission to jurisdiction</B>: Each of the parties hereto irrevocably submits to the jurisdiction
of the arbitral tribunal appointed or constituted for any arbitration commenced under Clause 16 and of any court of competent jurisdiction
in which proceedings may be brought in relation to or in support of such arbitration.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.4.</FONT></TD><TD STYLE="text-align: justify"><B>Waiver of objection to jurisdiction</B>: Each of the parties hereto irrevocably waives (and irrevocably
agrees not to raise) any objection (on the grounds of forum non conveniens or otherwise) which it may now or hereafter have to the arbitral
tribunal appointed or constituted for any arbitration commenced under Clause 16 and to any court of competent jurisdiction in which proceedings
may be brought in relation to or in support of such arbitration and further irrevocably agrees that a judgment or order of any such court
or an award of such arbitral tribunal shall be conclusive and binding upon it and may be enforced in any court of competent jurisdiction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.5.</FONT></TD><TD STYLE="text-align: justify"><B>Service of documents</B>: Each of the parties hereto irrevocably agrees that any writ, summons, order,
judgment or other notice of legal process shall be sufficiently and effectively served on it if delivered in accordance with Clause 15.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.6.</FONT></TD><TD STYLE="text-align: justify"><B>Waiver of immunity</B>: To the extent that in any proceedings in any jurisdiction (including, without
limitation, arbitration proceedings), the Company may now or hereafter have, or can claim for itself or its assets, properties or revenues,
any immunity on any grounds under the laws of any jurisdiction from any action, suit, proceeding or other legal process (including, without
limitation, arbitration proceedings), from set-off or counterclaim, from the jurisdiction of any court or arbitral tribunal, from service
of process, from attachment to or in aid of execution of any judgment, decision, determination, order or award including, without limitation,
any arbitral award, or from other action, suit or proceeding for the giving of any relief or for the enforcement of any judgment, decision,
determination, order or award including, without limitation, any arbitral award or to the extent that in any such proceedings there may
be attributed to itself or its assets, properties or revenues any such immunity (whether or not claimed) under the laws of any jurisdiction,
the Company hereby irrevocably waives and agrees not to plead or claim any such immunity in relation to any such proceedings, and declare
that such waiver shall be effective to the fullest extent permitted by such laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>17.</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>GENERAL PROVISIONS</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.1.</FONT></TD><TD STYLE="text-align: justify"><B>Time</B>: Save as otherwise expressly provided herein, time shall be of the essence of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.2.</FONT></TD><TD STYLE="text-align: justify"><B>Illegality, invalidity or unenforceability</B>: If, at any time, any provision hereof is or becomes
illegal, invalid or unenforceable in any respect under the Laws of any jurisdiction, neither the legality, validity or enforceability
in that jurisdiction of any other provisions hereof nor the legality, validity or enforceability of that or any other provision(s)&nbsp;hereof
under the Laws of any other jurisdiction shall in any way be affected or impaired thereby.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.3.</FONT></TD><TD STYLE="text-align: justify"><B>Assignment</B>: Each of the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the
Joint Lead Managers and the Hong Kong Underwriters may assign, in whole or in part, the benefits of this Agreement, including, without
limitation, the Warranties and the indemnities in Clauses 8 and 12<B>&lrm;</B>, respectively, to any of the persons who have the benefit
of the indemnities in Clause 12<B>&lrm;</B> and any successor entity to such Joint Sponsor, Joint Global Coordinator, Joint Bookrunner,
Joint Lead Manager or Hong Kong Underwriter or any of such persons, as applicable. Obligations under this Agreement shall not be assignable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.4.</FONT></TD><TD STYLE="text-align: justify"><B>Release or compromise</B>: Each party hereto may release, or compromise the liability of, the other
parties (or any of them) or grant time or other indulgence to the other parties (or any of them) without releasing or reducing the liability
of the other parties (or any of them) or any other party hereto. Without prejudice to the generality of the foregoing, the Company agrees
and acknowledges that any amendment or supplement to the Offering Documents or any of them (whether made pursuant to Clause 8.5<B>&lrm;</B>
or otherwise) or any announcement, issue, publication or distribution, or delivery to investors, of such amendment or supplement or any
approval by, or knowledge of, the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Hong
Kong Underwriters or any of them, of such amendment or supplement to any of the Offering Documents subsequent to its distribution shall
not in any event and notwithstanding any other provision hereof constitute a waiver or modification of any of the conditions precedent
to the obligations of the Hong Kong Underwriters as set forth in this Agreement&nbsp;or constitute a waiver or modification, or result
in the loss, of any rights hereunder of the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Joint Sponsors
or the Hong Kong Underwriters, as the case may be, to terminate this Agreement or otherwise prejudice any other rights of the Joint Global
Coordinators or the Joint Bookrunners or the Joint Lead Managers or the Joint Sponsors or the Hong Kong Underwriters, as the case may
be, under this Agreement (in each case whether by reason of any misstatement or omission resulting in a prior breach of any of the Warranties
or otherwise).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.5.</FONT></TD><TD STYLE="text-align: justify"><B>Exercise of rights</B>: No delay or omission on the part of any party hereto in exercising any right,
power or remedy under this Agreement shall impair such right, power or remedy or operate as a waiver thereof. The single or partial exercise
of any right, power or remedy under this Agreement shall not preclude any other or further exercise thereof or the exercise of any other
right, power or remedy. The rights, power and remedies provided in this Agreement are cumulative and not exclusive of any rights, powers
and remedies (whether provided by Laws or otherwise).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.6.</FONT></TD><TD STYLE="text-align: justify"><B>No partnership</B>: Nothing in this Agreement shall be deemed to give rise to a partnership or joint
venture, nor establish a fiduciary or similar relationship, between the parties hereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.7.</FONT></TD><TD STYLE="text-align: justify"><B>Entire agreement</B>: This Agreement, together with, in the case of the Joint Sponsors, the Sponsors
Engagement Letter, constitute the entire agreement between the Company, the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners,
the Joint Lead Managers and the Hong Kong Underwriters relating to the underwriting of the Hong Kong Public Offering and supersedes and
extinguishes any prior drafts, agreements, undertakings, understanding, representations, warranties and arrangements of any nature whatsoever,
whether or not in writing, relating to such matters as have been regulated by the provisions of this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.8.</FONT></TD><TD STYLE="text-align: justify"><B>Amendment and variations</B>: This Agreement may only be amended or supplemented in writing signed
by or on behalf of each of the parties hereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.9.</FONT></TD><TD STYLE="text-align: justify"><B>Counterparts</B>: This Agreement may be executed in any number of counterparts, each of which when
so executed and delivered shall be an original, but all of which shall together constitute one and the same instrument. Delivery of a
counterpart of this Agreement by email attachment or telecopy shall be an effective mode of delivery. In relation to such counterpart,
upon confirmation by or on behalf of a party that such party authorizes the attachment of the counterpart signature page&nbsp;to the final
text of this Agreement, such counterpart signature page&nbsp;shall take effect, together with such final text, as a complete authoritative
counterpart.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.10.</FONT></TD><TD STYLE="text-align: justify"><B>Judgment Currency Indemnity</B>: In respect of any judgment or order or award given or made for any
amount due under this Agreement to any of the Indemnified Parties that is expressed and paid in a currency (the &ldquo;<B>judgment currency</B>&rdquo;)
other than Hong Kong dollars, the Company will indemnify such Indemnified Party against any loss incurred by such Indemnified Party as
a result of any variation as between (A)&nbsp;the rate of exchange at which the Hong Kong dollar amount is converted into the judgment
currency for the purpose of such judgment or order and (B)&nbsp;the rate of exchange at which such Indemnified Party is able to purchase
Hong Kong dollars with the amount of the judgment currency actually received by such Indemnified Party on the date of actual receipt of
the amount of the judgment currency by the Indemnified Parties. The foregoing indemnity shall constitute a separate and independent obligation
of the Company and shall continue in full force and effect notwithstanding any such judgment or order as aforesaid. The term &ldquo;<B>rate
of exchange</B>&rdquo; shall include any premiums and costs of exchange payable in connection with the purchase of or conversion into
Hong Kong dollars.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.11.</FONT></TD><TD STYLE="text-align: justify"><B>Taxation</B>: All payments to be made by or on behalf of the Company under this Agreement shall be
paid free and clear of and without deduction or withholding for or on account of, any and all Taxes, except as required by applicable
Laws. If any Taxes are required by applicable Laws to be deducted or withheld in connection with such payments or if a Hong Kong Underwriter
or a Joint Global Coordinator is required by any Authority to pay any Taxes as a result of executing, delivering or performing its obligations
under, or receiving a payment under, this Agreement or the transaction contemplated hereunder, the Company will increase the amount paid
so that the full amount of such payments as agreed in this Agreement is received by the Hong Kong Underwriters or the Joint Global Coordinators,
as applicable. If a Hong Kong Underwriter or a Joint Global Coordinator is required by any PRC Authority to pay any PRC Taxes as a result
of this Agreement, the Company will pay an additional amount to such Hong Kong Underwriter or Joint Global Coordinator so that the full
amount of such payments as agreed in this Agreement to be paid to such Hong Kong Underwriter or Joint Global Coordinator is received by
such Hong Kong Underwriter or Joint Global Coordinator and will further, if requested by such Hong Kong Underwriter or Joint Global Coordinator,
use commercially reasonable efforts to give such assistance as such Hong Kong Underwriter or Joint Global Coordinator may reasonably request
to assist such Hong Kong Underwriter or Joint Global Coordinator in discharging its obligations in respect of such PRC Taxes, including
by making filings and submissions on such basis and such terms as such Hong Kong Underwriter or Joint Global Coordinator reasonably request,
promptly making available to such Hong Kong Underwriter or Joint Global Coordinator notices received from any PRC Authority and, subject
to the receipt of funds from such Hong Kong Underwriter or Joint Global Coordinator, by making payment of such funds on behalf of such
Hong Kong Underwriter or Joint Global Coordinator to the relevant PRC Authority in settlement of such PRC Taxes. For the avoidance of
doubt, the Company is not responsible for any income or other tax imposed on the Joint Sponsors, the Joint Global Coordinators or the
Hong Kong Underwriters having a connection with the relevant taxing jurisdiction other than a connection arising solely as a result of
the transactions contemplated hereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.12.</FONT></TD><TD STYLE="text-align: justify"><B>Authority to the Joint Global Coordinators</B>: Unless otherwise provided herein, each Hong Kong Underwriter
(other than the Joint Global Coordinators) hereby authorizes the Joint Global Coordinators to act on behalf of all the Hong Kong Underwriters
in their sole and absolute discretion in the exercise of all rights and discretions granted to the Hong Kong Underwriters or any of them
under this Agreement and authorizes the Joint Global Coordinators in relation thereto to take all actions they may consider desirable
and necessary to give effect to the transactions contemplated herein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.13.</FONT></TD><TD STYLE="text-align: justify"><B>Professional Investor Treatment Notice: </B>The Company has read and understood the Professional Investor
Treatment Notice set forth in Schedule 717.17.Schedule 6 17.17.Schedule 6and acknowledges and agrees to the representations, waivers and
consents contained in such notice, in which the expressions &ldquo;you&rdquo; or &ldquo;your&rdquo; mean the Company, and &ldquo;we&rdquo;
or &ldquo;us&rdquo; or &ldquo;our&rdquo; mean the Joint Sponsors and the Joint Global Coordinators (for themselves and on behalf of the
Hong Kong Underwriters).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.14.</FONT></TD><TD STYLE="text-align: justify"><B>Contracts (Rights of Third Parties) Ordinance</B>: A person who is not a party to this Agreement shall
not have any rights under the Contracts (Rights of Third Parties) Ordinance to enforce any terms of this Agreement but this does not affect
any right or remedy of a third party which exists or is available apart from the Contracts (Rights of Third Parties) Ordinance:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 49.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.14.1</FONT></TD><TD STYLE="text-align: justify">Indemnified Parties may enforce and rely on Clause 12 to the same extent as if they were a party to this
Agreement. An assignee pursuant to Clause <B>&lrm;</B>17.3 may enforce and rely on this Agreement as if it were a party to this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 49.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.14.2</FONT></TD><TD STYLE="text-align: justify">This Agreement may be terminated or rescinded and any term may be amended, varied or waived without the
consent of the persons referred to in Clause <B>&lrm;</B>17.14.1.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.15.</FONT></TD><TD STYLE="text-align: justify"><B>Recognition of the U.S. Special Resolution Regimes:</B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 49.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.15.1</FONT></TD><TD STYLE="text-align: justify">In the event that any Hong Kong Underwriter that is a Covered Entity becomes subject to a proceeding under
a U.S. Special Resolution Regime, the transfer from such Hong Kong Underwriter of this Agreement, and any interest and obligation in or
under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime
if this Agreement, and any interest and obligation in or under this Agreement, were governed by the laws of the United States or a state
of the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 49.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.15.2</FONT></TD><TD STYLE="text-align: justify">In the event that any Hong Kong Underwriter that is a Covered Entity or a Covered Affiliate of such Hong
Kong Underwriter becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement that may
be exercised against such Hong Kong Underwriter are permitted to be exercised to no greater extent than such Default Rights could be exercised
under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 36pt"></TD><TD STYLE="width: 49.05pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.15.3</FONT></TD><TD STYLE="text-align: justify">For the purposes of this Clause 17.15, the following definitions apply:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.18in"></TD><TD STYLE="width: 0.5in">(a)</TD><TD STYLE="text-align: justify">&ldquo;<B>Covered Affiliate</B>&rdquo; has the meaning assigned to the term &ldquo;affiliate&rdquo; in,
and shall be interpreted in accordance with, 12 United States Code &sect;1841(k).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.18in"></TD><TD STYLE="width: 0.5in">(b)</TD><TD STYLE="text-align: justify">&ldquo;<B>Covered Entity</B>&rdquo; means any of the following: (i)&nbsp;a &ldquo;covered entity&rdquo;
as that term is defined in, and interpreted in accordance with, 12 U.S. Code of Federal Regulations &sect;252.82(b); (ii)&nbsp;a &ldquo;covered
bank&rdquo; as that term is defined in, and interpreted in accordance with, 12 U.S. Code of Federal Regulations &sect;47.3(b); or (iii)&nbsp;a
 &ldquo;covered FSI&rdquo; as that term is defined in, and interpreted in accordance with, 12 U.S. Code of Federal Regulations &sect;382.2(b).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.18in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD><TD STYLE="text-align: justify">&ldquo;<B>Default Right</B>&rdquo; has the meaning assigned to that term in, and shall be interpreted
in accordance with, 12 U.S. Code of Federal Regulations &sect;&sect;252.81, 47.2 or 382.1, as applicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 1.18in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(d)</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;<B>U.S. Special Resolution Regime</B>&rdquo;
means each of (i)&nbsp;the U.S. Federal Deposit Insurance Act and the </FONT>regulations promulgated thereunder and (ii)&nbsp;Title II
of the U.S. Dodd-Frank Wall Street Reform and Consumer Protection Act and the regulations promulgated thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.16.</FONT></TD><TD STYLE="text-align: justify"><B>Survival</B>: The provisions in this Clause 17 shall remain in full force and effect notwithstanding
the completion of the Global Offering and the matters and arrangements referred to or contemplated in this Agreement or the termination
of this Agreement.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.17.</FONT></TD><TD STYLE="text-align: justify"><B>Officer&rsquo;s Certificates</B>: Any certificate signed by any authorized officer of the Company or
of any of the other members of the Group and delivered to the Joint Global Coordinators or the Joint Bookrunners or the Joint Lead Managers
or the Joint Sponsors or any Underwriter or any counsel for the Underwriters pursuant to this Agreement shall be deemed to be a representation
and warranty by the Company, as to matters covered thereby, to each Joint Global Coordinator, Joint Bookrunner, Joint Lead Manager, Joint
Sponsor or Underwriter.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>IN
WITNESS</B></FONT> whereof this Agreement has been entered into the day and year first before written.</P>

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    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Saiyin Zhang</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">duly authorized for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MINISO Group Holding Limited</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Saiyin Zhang</FONT></TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Yvonne Lo, Managing Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
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    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MERRILL LYNCH (ASIA PACIFIC) LIMITED</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Yvonne Lo </FONT></TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Ronny Chan, Managing Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HAITONG INTERNATIONAL</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>CAPITAL LIMITED</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ronny Chan </FONT></TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Ho, Kenneth Shiu Pong, Managing Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%">)</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HAITONG INTERNATIONAL SECURITIES</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>COMPANY LIMITED</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ho, Kenneth Shiu Pong </FONT></TD></TR>
  </TABLE>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Bing Lei, Executive Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UBS AG HONG KONG BRANCH</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Bing Lei </FONT></TD></TR>
  </TABLE>
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    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Vincent Tang, Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UBS AG HONG KONG BRANCH</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Vincent Tang </FONT></TD></TR>
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  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Bing Lei, Executive Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UBS SECURITIES HONG KONG LIMITED</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Bing Lei </FONT></TD></TR>
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    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Vincent Tang, Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UBS SECURITIES HONG KONG LIMITED</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Vincent Tang </FONT></TD></TR>
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    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Yvonne Lo, Managing Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MERRILL LYNCH (ASIA PACIFIC) LIMITED</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as attorney for and on behalf of each of the other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HONG KONG UNDERWRITERS</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(as defined herein)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Yvonne Lo </FONT></TD></TR>
  </TABLE>
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<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Ho, Kenneth Shiu Pong, Managing Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%">)</TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HAITONG INTERNATIONAL SECURITIES</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>)</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>COMPANY LIMITED</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as attorney for and on behalf of each of the other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HONG KONG UNDERWRITERS</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(as defined herein)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Ho, Kenneth Shiu Pong </FONT></TD></TR>
  </TABLE>
<P STYLE="margin: 0pt 0">&nbsp;</P>

<P STYLE="margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Bing Lei, Executive Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UBS AG HONG KONG BRANCH</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as attorney for and on behalf of each of the other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HONG KONG UNDERWRITERS</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(as defined herein)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Bing Lei </FONT></TD></TR>
  </TABLE>
<P STYLE="margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 45%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SIGNED</B> by Vincent Tang, Director</FONT></TD>
    <TD STYLE="text-align: center; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">for and on behalf of</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UBS AG HONG KONG BRANCH</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">as attorney for and on behalf of each of the other</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>HONG KONG UNDERWRITERS</B></FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD>&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">(as defined herein)</FONT></TD>
    <TD STYLE="text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">)</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Vincent Tang </FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Schedule
1</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
THE HONG KONG UNDERWRITERS</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 46%; text-align: left">Hong Kong Underwriter</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 25%; text-align: center">Maximum number of<BR>
 Hong Kong Offer<BR>
 Shares to be<BR>
 underwritten</TD><TD STYLE="font: bold 10pt Times New Roman, Times, Serif; width: 2%; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: bold 10pt Times New Roman, Times, Serif; width: 25%; text-align: center">Percentage<BR>
 to be<BR>
 underwritten</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">MERRILL LYNCH (ASIA PACIFIC) LIMITED</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">See below</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">See below</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Haitong International Securities Company Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">See below</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">See below</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">UBS AG HONG KONG BRANCH</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">See below</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">See below</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">Futu Securities International (Hong Kong) Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">See below</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; padding-bottom: 1pt">See below</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: bold 10pt Times New Roman, Times, Serif; text-align: left; padding-bottom: 1pt">GF Securities (Hong Kong) Brokerage Limited</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">See below</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right">See below</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD><TD STYLE="font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="text-align: right; font-size: 10pt; padding-bottom: 1pt">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">Total</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">4,110,000</TD><TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt">&nbsp;</TD>
    <TD STYLE="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right">100%</TD></TR>
  </TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The number of Hong Kong Offer Shares underwritten
by each of the Hong Kong Underwriters shall be determined in the manner set out below:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">A
= B/C x </FONT>4,110,000</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">where:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;A&rdquo;
is the number of the Hong Kong Offer Shares underwritten by the relevant Hong Kong Underwriter, provided that: (i)&nbsp;any fraction of
a Share shall be rounded to the nearest whole number of Share, (ii)&nbsp;the total number of Hong Kong Offer Shares to be underwritten
by the Hong Kong Underwriters shall be exactly </FONT>4,110,000, and (iii)&nbsp;the number underwritten by each Hong Kong Underwriter
may be adjusted as may be agreed by the Company and the Hong Kong Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;B&rdquo; is the number of Firm Shares (as
defined in the International Underwriting Agreement) which the relevant Hong Kong Underwriter or any of its affiliates has agreed to purchase
or procure purchasers for pursuant to the International Underwriting Agreement; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&ldquo;C&rdquo; is the aggregate number of Firm
Shares (as defined in the International Underwriting Agreement) which all the Hong Kong Underwriters or any of their respective affiliates
have agreed to purchase or procure purchasers for pursuant to the International Underwriting Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Schedule
2</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
THE WARRANTIES</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Representations and warranties of the Company</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company represents, warrants and undertakes
to the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Joint Lead Managers, the Underwriters and each of them
as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>1</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Accuracy of information</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.1</FONT></TD><TD STYLE="text-align: justify">The Pricing Disclosure Package, as of the Time of Sale, did not, and as of each Time of Delivery will
not, include any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary in
order to make the statements made therein, in the light of the circumstances under which they were made, not misleading, provided, however,
that this representation and warranty shall not apply to statements or omissions made in reliance upon and in conformity with information
relating to any Underwriter furnished to the Company by such Underwriter for use in the Registration Statement and the Prospectus and
any amendment or supplement thereto, it being understood and agreed that the only such information furnished by any Underwriter consists
of the name, logo, and address of such Underwriter (the &quot;<B>Underwriter Information</B>&quot;); and each Issuer Free Writing Prospectus
does not conflict with the information contained in the Registration Statement, the Pricing Prospectus or the Prospectus, and each Issuer
Free Writing Prospectus, as supplemented by and taken together with the Pricing Disclosure Package, as of the Time of Sale, did not, and
as of each Time of Delivery, will not, include any untrue statement of a material fact or omit to state any material fact necessary in
order to make the statements therein, in the light of the circumstances under which they were made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.2</FONT></TD><TD STYLE="text-align: justify">The Registration Statement is an &ldquo;automatic shelf registration statement&rdquo; as defined under
Rule&nbsp;405 of the Securities Act that has been filed with the Commission not earlier than three years prior to the date hereof; and
no notice of objection of the Commission to the use of such Registration Statement or any post-effective amendment thereto pursuant to
Rule&nbsp;401(g)(2)&nbsp;under the Securities Act has been received by the Company. No order suspending the effectiveness of the Registration
Statement or any post-effective amendment thereto has been issued by the Commission, and no proceeding for that purpose or pursuant to
Section&nbsp;8A of the Securities Act against the Company or related to the offering of the Offer Shares has been initiated or threatened
by the Commission; as of the applicable effective date of the Registration Statement and any post-effective amendment thereto, the Registration
Statement and any such post-effective amendment complied and will comply in all material respects with the Securities Act and the rules&nbsp;and
regulations of the Commission thereunder, and did not and will not contain any untrue statement of a material fact or omit to state a
material fact required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances
under which they were made, not misleading; and as of the date of the Prospectus and any amendment or supplement thereto and as of each
Time of Delivery, as the case may be, the Prospectus and any amendment or supplement thereto complied and will comply in all material
respects with the Securities Act and the rules&nbsp;and regulations of the Commission thereunder, and did not and will not contain any
untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made therein, in the light
of the circumstances under which they were made, not misleading, provided that the Company makes no representation or warranty with respect
to any statements or omissions made in reliance upon and in conformity with the Underwriter Information.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.3</FONT></TD><TD STYLE="text-align: justify">No order preventing or suspending the use of any Preliminary Prospectus or any Issuer Free Writing Prospectus
has been issued by the Commission, and each Preliminary Prospectus, at the time of filing thereof, conformed in all material respects
to the requirements of the Securities Act and the rules&nbsp;and regulations of the Commission thereunder, and did not contain an untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements
made therein, in the light of the circumstances under which they were made, not misleading; provided that the Company makes no representation
or warranty with respect to any statements or omissions made in reliance upon and in conformity with the Underwriter Information.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.4</FONT></TD><TD STYLE="text-align: justify">None of the Company, its agents or representatives has prepared, made, used, authorized, approved or referred
to and will not prepare, make, use, authorize, approve or refer to any &ldquo;written communication&rdquo; (as defined in Rule&nbsp;405
under the Securities Act) that constitutes an offer to sell or solicitation of an offer to buy the Offer Shares other than (i)&nbsp;any
document not constituting a prospectus pursuant to Section&nbsp;2(a)(10)(a)&nbsp;of the Securities Act or Rule&nbsp;134 under the Securities
Act, (ii)&nbsp;the Registration Statement, the Preliminary Prospectus, the Pricing Disclosure Package and the Prospectus, (iii)&nbsp;the
documents listed on Schedule II hereto as constituting part of the Pricing Disclosure Package and (iv)&nbsp;any Written Testing-the-Waters
Communication, any electronic road show or other written communications, in each case approved in writing in advance by the Joint Global
Coordinators. Each such Issuer Free Writing Prospectus complies in all material respects with the Securities Act, and has been or will
be (within the time period specified in Rule&nbsp;433 under the Securities Act) filed in accordance with the Securities Act (to the extent
required thereby). Each Issuer Free Writing Prospectus, and each Written Testing-the-Waters Communication and each &ldquo;roadshow&rdquo;
as defined in Rule&nbsp;433(h)&nbsp;under the Securities Act (a &ldquo;roadshow&rdquo;) did not at the Time of Sale, and at each Time
of Delivery will not, conflict with the information contained in the Registration Statement, the Pricing Disclosure Package, or the Prospectus
and, when taken together with (A)&nbsp;the Pricing Disclosure Package and (B)&nbsp;any subsequent Issuer Free Writing Prospectus (dated
on or before the Time of Sale or the Time of Delivery, as appropriate), did not at the Time of Sale, and at each Time of Delivery will
not, contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made therein,
in the light of the circumstances under which they were made, not misleading, provided that the Company makes no representation or warranty
with respect to any statements or omissions made in reliance upon and in conformity with the Underwriter Information.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.5</FONT></TD><TD STYLE="text-align: justify">The Company (i)&nbsp;has not alone engaged in any Testing-the-Waters Communications other than Testing-the-Waters
Communications with the consent of the Joint Global Coordinators and (ii)&nbsp;has not authorized anyone other than the Joint Global Coordinators
to engage in Testing-the-Waters Communications. The Company reconfirms that the Joint Global Coordinators have been authorized to act
on its behalf in undertaking Testing-the-Waters Communications. The Company has not distributed or approved for distribution of any Written
Testing-the-Waters Communications other than those agreed to by the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.6</FONT></TD><TD STYLE="text-align: justify">The documents incorporated by reference in each of the Registration Statement, the Pricing Disclosure
Package and the Prospectus, when they were filed or furnished with the Commission conformed to the requirements of the Securities Act
or the Exchange Act, and none of such documents contained any untrue statement of a material fact or omitted to state a material fact
required to be stated therein or necessary in order to make the statements made therein, in the light of the circumstances under which
they were made, not misleading; and any further documents so filed and incorporated by reference in the Registration Statement, the Pricing
Disclosure Package or the Prospectus, when such documents become effective or are filed or furnished with the Commission, as the case
may be, will conform to the requirements of the Securities Act or the Exchange Act, as applicable, and will not contain any untrue statement
of a material fact or omit to state a material fact required to be stated therein or necessary in order to make the statements made therein,
in the light of the circumstances under which they were made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.7</FONT></TD><TD STYLE="text-align: justify">None of the Hong Kong Public Offering Documents contains any untrue statement of a material fact or omits
to state any material fact necessary in order to make the statements made therein, in light of the circumstances under which they were
made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.8</FONT></TD><TD STYLE="text-align: justify">All statements or expressions of opinion or intention, forward-looking statements, forecasts and estimates
(including, without limitation, the statements regarding the future plans, sufficiency of working capital, use of proceeds, planned capital
expenditures, projected cash flows and working capital, profit forecast, critical accounting policies, indebtedness, prospects, dividends,
material contracts and litigation) contained in each of the Offering Documents (A)&nbsp;have been made after due, careful and proper consideration,
(B)&nbsp;are and will remain based on grounds and assumptions referred to in each of the Offering Documents, and (C)&nbsp;represent and
continue to represent reasonable and fair expectations honestly held based on facts known to the Company, any other member of the Group,
and/or any of their respective directors, officers or employees. There are no other material facts or matters the omission of which would
or may make any such expression, statement, forecast or estimate misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.9</FONT></TD><TD STYLE="text-align: justify">There are no contracts or documents which are required to be described in the Registration Statement,
the Pricing Disclosure Package and the Prospectus which have not be so described as required.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.10</FONT></TD><TD STYLE="text-align: justify">Each of the Offering Documents, as applicable, contains or includes (A)&nbsp;all information and particulars
required to be contained or included therein to comply with the Companies Ordinance, the Companies (Winding Up and Miscellaneous Provisions)
Ordinance, the Listing Rules&nbsp;and all other Laws so far as applicable to any of the foregoing, the Global Offering and/or the listing
of the Shares on the Stock Exchange and (B)&nbsp;all such information as investors and their professional advisers would reasonably require,
and reasonably expect to find therein, for the purpose of making an informed assessment of the business, conditions (financial or other),
activities, assets and liabilities, financial position, profits and losses, and management and prospects of the Company and the other
members of the Group, taken as a whole, and the rights attaching to the Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.11</FONT></TD><TD STYLE="text-align: justify">All public notices, announcements and advertisements in connection with the Global Offering (including,
without limitation the Formal Notice) and all filings and submissions provided by or on behalf of the Company, any other member of the
Group and/or any of their respective directors, officers, employees, affiliates or agents, to the SEHK, the SFC, the Commission and/or
any applicable Authority have complied and will comply with all applicable Laws, and other than advertisements, do not and will not, as
of the respective date on which such documents are issued include any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements made therein, in the light of the circumstances under which they
were made, not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.12</FONT></TD><TD STYLE="text-align: justify">Each of the Application Proof and the PHIP is in compliance with and has included appropriate warning
and disclaimer statements for publication as required in the guidance letters HKEX-GL56-13 and HKEX-GL57-13 published by the SEHK.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13</FONT></TD><TD STYLE="text-align: justify">Without prejudice to any of the other Warranties:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13.1</FONT></TD><TD STYLE="text-align: justify">the statements contained in the section of each of the Hong Kong Prospectus, the Application Proof and
the PHIP headed &ldquo;Future Plans and Use of Proceeds&rdquo; and the statements in the section of each of the Registration Statement,
the Pricing Disclosure Package and the Prospectus headed &ldquo;Use of Proceeds&rdquo; represent the true and honest belief of the Directors
arrived at after due, proper and careful consideration and enquiry;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13.2</FONT></TD><TD STYLE="text-align: justify">the statements in relation to the Company&rsquo;s products and data contained in the section of each of
the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and the Prospectus
headed &ldquo;Business&rdquo; are complete, true and accurate in all material respects and not misleading and represent the true and honest
belief of the Directors or the management of the Company arrived at after due, proper and careful consideration and enquiry;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13.3</FONT></TD><TD STYLE="text-align: justify">the statements contained in each of the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration
Statement, the Pricing Disclosure Package and the Prospectus relating to the Group&rsquo;s indebtedness as of close of business on April&nbsp;30,
2022 are complete, true and accurate in all material respects and all material developments in relation to the Company&rsquo;s indebtedness
have been disclosed;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13.4</FONT></TD><TD STYLE="text-align: justify">the statements relating to the Group&rsquo;s working capital, liquidity and capital resources contained
in the section of each of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Financial Information&rdquo; and
in the section of each of the Registration Statement, the Pricing Disclosure Package and the Prospectus headed &ldquo;Certain Financial
Data&rdquo; are complete, true and accurate in all material respects and not misleading;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13.5</FONT></TD><TD STYLE="text-align: justify">the interests of the Directors in the share capital of the Company and in contracts with the Company and
other members of the Group are fully and accurately disclosed as required by applicable laws and regulations in each of the Hong Kong
Prospectus, the Application Proof and the PHIP;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13.6</FONT></TD><TD STYLE="text-align: justify">the statements contained in each of the Hong Kong Prospectus, the Application Proof and the PHIP in the
section headed &ldquo;Risk Factors&rdquo; and the statements in each of the Registration Statement, the Pricing Disclosure Package and
the Prospectus headed &ldquo;Risk Factors&rdquo; are complete, true and accurate and not misleading and represent the true and honest
belief of the Directors or the management of the Company arrived at after due, proper and careful consideration, and there are no other
material risks or matters associated with the Group, financial or otherwise, or the earnings, affairs or business or trading prospects
of the Group which have not been disclosed in each of the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement,
the Pricing Disclosure Package and the Prospectus;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13.7</FONT></TD><TD STYLE="text-align: justify">the statements in the Registration Statement, the Pricing Disclosure Package and the Prospectus headed
 &ldquo;Prospectus Supplement Summary,&rdquo; &ldquo;Risk Factors,&rdquo; &ldquo;Certain Financial Data,&rdquo; &ldquo;Use of Proceeds,&rdquo;
 &ldquo;Dividend Policy,&rdquo; &ldquo;Shares Eligible for Future Sale,&rdquo; &ldquo;Enforceability of Civil Liabilities,&rdquo; &ldquo;Selling
Shareholders&rdquo; and insofar as they purport to describe the provisions of the laws and documents referred to therein, are accurate
and fair in all material respects; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.13.8</FONT></TD><TD STYLE="text-align: justify">the reply to each question set out in the Verification Notes given by or on behalf of the Company or the
Directors and all statements and information provided by or on behalf of the Company or the Directors in connection with any application
or submission to or correspondence with the SEHK, the SFC and/or any applicable Authority were so given by a person having appropriate
knowledge and duly authorized for such purposes and all such replies have been given in full and in good faith and were, and remain, complete,
true and accurate in all material respects and not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.14</FONT></TD><TD STYLE="text-align: justify">All statistical or market-related, operational or financial data included in each of the Offering Documents
provided by the Company are derived and extracted from records of the Company and the other members of the Group subject to or using systems
and procedures which incorporate adequate safeguards to ensure that the data are complete, true and accurate in all material respects
and not misleading; all statistical or market-related data included or incorporate by reference in each of the Offering Documents derived
from sources other than the Company are based on or derived and extracted from sources described therein which the Company believes in
good faith to be reliable and accurate and agrees with such sources, and the Company has obtained the written consent to the use of such
data from such sources to the extent required.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.15</FONT></TD><TD STYLE="text-align: justify">All information disclosed or made available in writing or orally from time to time (and any new or additional
information serving to update or amend such information) which was disclosed or made available by or on behalf of the Company, any other
member of the Group, and/or any of their respective directors, officers, employees, affiliates, advisers, or agents to the SEHK, the SFC,
the Commission, any applicable Authority, the Joint Sponsors, the Joint Global Coordinators, the Joint Bookrunners, the Underwriters,
the Reporting Accountants, the Internal Control Consultant, the Industry Consultant, the Property Valuer and<B>/</B>or the legal and other
professional advisers for the Company or the Underwriters for the purposes of the Global Offering and/or the listing of the Shares on
the SEHK (including, without limitation, the answers and documents contained in or referred to in the Verification Notes, the information,
answers and documents used as the basis of information contained in each of the Offering Documents or provided for or in the course of
due diligence or the discharge by the Joint Sponsors of their obligations as sponsors in relation to the listing of the Company, and the
responses to queries and comments raised by the SEHK, the SFC, the Commission or any applicable Authority) and the information contained
in the Investor Presentation Materials, was so disclosed or made available in full and in good faith and was, when given and, except as
subsequently disclosed in all of the Offering Documents or otherwise notified to the SEHK, the SFC, the Commission and/or any applicable
Authority, as applicable, remains complete, true and accurate in all material respects and not misleading; all such information comprising
expressions of opinion or intention, forward-looking statements, forecasts and estimates so disclosed or made available by the Company
have been made after due, careful and proper consideration and are and remain based on grounds and assumptions referred to therein (to
the extent there are any) or otherwise based on reasonable grounds and assumptions and represent reasonable and fair expectations honestly
held based on facts known to the Company, any other member of the Group, and/or any of their respective directors, officers, employees,
affiliates or agents; there is no other information which has not been provided the result of which would make the information so disclosed
or made available misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.16</FONT></TD><TD STYLE="text-align: justify">The Offer Shares conform to the descriptions thereof contained in each of the Offering Documents.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.17</FONT></TD><TD STYLE="text-align: justify">No material information was withheld by the Company from the Joint Sponsors, the Joint Global Coordinators,
the Joint Bookrunners, the Underwriters, the Reporting Accountants, the Internal Control Consultant, the Industry Consultant, the Property
Valuer and<B>/</B>or the legal and other professional advisers for the Company or the Underwriters for the purposes of the Global Offering
and/or the listing of the Shares on the SEHK and all information given by the Company to the Joint Sponsors, the Joint Global Coordinators,
the Joint Bookrunners, the Underwriters, the Reporting Accountants, the Internal Control Consultant, the Industry Consultant, the Property
Valuer and<B>/</B>or the legal and other professional advisers for the Company or the Underwriters for such purposes was given in good
faith and there is no other material information which has not been provided the result of which would make the information so received
misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>2</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>The Company and the Group</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1</FONT></TD><TD STYLE="text-align: justify">As of the date of this Agreement, the Company has the authorized and issued share capital as set forth
in the section of each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP, and all of the issued shares of the Company (A)&nbsp;have been duly authorized and validly issued and are fully paid
and non-assessable, (B)&nbsp;have been issued in compliance with all applicable Laws, (C)&nbsp;were not issued in violation of any preemptive
right, resale right, right of first refusal or similar right, (D)&nbsp;are owned by the existing shareholders and in the amounts specified
in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof
and the PHIP, (E)&nbsp;conform to their description contained in each of the Hong Kong Prospectus, the Registration Statement, the Pricing
Disclosure Package, the Prospectus, the Application Proof and the PHIP, and (E)&nbsp;except as disclosed in the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, are not subject to any
Encumbrance or adverse claims.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.2</FONT></TD><TD STYLE="text-align: justify">Each of the Company and the other members of the Group (i)&nbsp;has been duly incorporated, organized
and is validly existing and in good standing (or in similar concept) under the laws of its jurisdiction of incorporation or organization,
with power and authority (corporate and other) to own, lease and operate its properties and conduct its business as described in the Hong
Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, (ii)&nbsp;is
duly qualified as a foreign corporation to transact business and is in good standing in each jurisdiction in which it owns or leases properties
or conducts any business and in which such qualification is required except, in the case of this clause (ii), where the failure to be
so qualified or in good standing would not, individually or in the aggregate, have a Material Adverse Effect. The currently effective
memorandum and articles of association or other constitutional or organizational documents of the Company and the other members of the
Group comply with the requirements of applicable Laws in jurisdiction of their incorporation or organization and are in full force and
effect; the Company has been duly registered as a non-Hong Kong company under Part&nbsp;16 of the Companies Ordinance and the Articles
of Association and other constituent or constitutive documents and the business license of the Company comply with the Laws of Hong Kong
(including, without limitation, the Listing Rules) where applicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.3</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The Company has no principal subsidiaries other than those as set forth in the section of each
of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Appendix I &ndash; Accountants&rsquo; Report&rdquo;; (B)&nbsp;except
as disclosed in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package
and the Prospectus, the Company owns all of the issued or registered share capital or other equity interests of or in each of the other
members of the Group; (C)&nbsp;other than the share capital or other equity interests of or in the other members of the Group, the Company
does not own, directly or indirectly, any share capital or any other equity interests or long-term debt securities of or in any corporation,
firm, partnership, joint venture, association or other entity; (D)&nbsp;all of the issued shares of each of the members of the Group (other
than a PRC person) have been duly authorized and validly issued, are fully paid up and non-assessable, have been issued in compliance
with all applicable Laws and were not subject to any preemptive right, resale right, right of first refusal or similar right and are owned
by the Company (except as to the issued shares of the Company) subject to no Encumbrance or adverse claim, unless otherwise disclosed
in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof
and the PHIP; (E)&nbsp;the registered capital (in the form of shares or otherwise) of each of the members of the Group that is a PRC person
has been duly established, validly issued and fully paid up with all contributions to such registered capital having been paid within
the time periods in accordance with applicable PRC Laws and all payments of such contributions having been approved by the applicable
PRC Authorities, and no obligation for the payment of a contribution to such registered capital remains outstanding; all of such registered
capital has been issued in compliance with all applicable Laws and was not subject to any pre-emptive right, resale right, right of first
refusal or similar right and is owned by the Company subject to no Encumbrance or adverse claims, unless otherwise disclosed in each of
the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP;
(F)&nbsp;each of the other members of the Group and each associate of the Group is a legal person with limited liability, and the liability
of the Company in respect of equity interests held in each such member or associate of the Group is limited to its investment therein;
(G)&nbsp;except as disclosed in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure
Package and the Prospectus, none of the members of the Company&rsquo;s board of directors or management owns, directly or indirectly,
any shares of capital stock of, or equity interest in, or any rights, warrants or options to acquire, or instruments or securities convertible
into or exchangeable for, any share capital of, or direct interests in, any member of the Group; and (H)&nbsp;there are no outstanding
securities convertible into or exchangeable for, rights, warrants or options to acquire from the Company or any other member of the Group
or subscribe for, or obligations of the Company or any other member of the Group to issue or grant, share capital of or debentures or
direct interests in the Company or any other member of the Group, and there is no contract, agreement, commitment, understanding or arrangement
of any kind outstanding which calls for the allotment, issue or transfer of, or accords to any person the right to call for the allotment
or issue of, any shares or debentures in, or other securities of, the Company or any other member of the Group.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.4</FONT></TD><TD STYLE="text-align: justify">Each of the members of the Group that is a PRC person has passed each annual examination by the applicable
PRC Authorities without being found to have any deficiency or to be in default under applicable PRC Laws, except for such deficiency or
defaults as would not, individually or in the aggregate, have a Material Adverse Effect, and has timely received all requisite certifications
from each applicable PRC Authority. All Approvals and Filings applicable to or necessary for the establishment of each of the member of
the Group, any of its constitutive documents or its registered or authorized share capital have been duly obtained or made, and all such
Approvals and Filings are unconditional and in full force and effect. Each member of the Group has full power and authority to declare,
make or pay any dividend or other distribution and to repay loans to any of its shareholders without the need for any Approvals and Filings
from any Authority.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.5</FONT></TD><TD STYLE="text-align: justify">Neither the Company nor any of the other members of the Group acts or carries on business in partnership
with any other person, or is a member of any corporate or unincorporated body, undertaking or association, or holds or is liable for any
share or security which is not fully paid up or which carries any liability; each joint venture contract, shareholders&rsquo; agreement
or other cooperative agreement or arrangement in respect of which the Company or any of the other members of the Group is a party is legal,
valid, binding and enforceable in accordance with its terms under its governing Laws and all relevant Approvals and Filings in respect
thereof have been duly and validly obtained.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.6</FONT></TD><TD STYLE="text-align: justify">No member of the Group is conducting or proposes to conduct any business, or has or proposes to acquire
or incur any property or asset or liability or obligation (including, without limitation, contingent liability or off-balance sheet obligation),
which is not related to the business of such member of the Group or the business of the Group, taken as a whole, as described in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.7</FONT></TD><TD STYLE="text-align: justify">Except as described in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, each member of the Group that were incorporated outside of the PRC has taken, or is
in the process of taking, all reasonable steps to comply with, and to ensure compliance by each of its shareholders, directors, officers,
option holders and employees, that is, or is directly or indirectly owned or controlled by, a PRC resident or citizen, with any applicable
rules&nbsp;and regulations of the relevant PRC Authority (including but not limited to the Ministry of Commerce, the National Development
and Reform Commission and the State Administration of Foreign Exchange) relating to overseas investment by PRC residents and citizens
or the repatriation of the proceeds from overseas offering and listing by offshore special purpose vehicles controlled directly or indirectly
by PRC companies and individuals, such as the Company, (the &ldquo;<B>PRC Overseas Investment and Listing Regulations</B>&rdquo;), including,
without limitation, requesting each shareholder, director, officer, option holder and employee that is, or is directly or indirectly owned
or controlled by, a PRC resident or citizen, to complete any registration and other procedures required under applicable PRC Overseas
Investment and Listing Regulations. The Controlling Shareholders of the Company have completed Circular 37 initial registration to the
extent required by applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.8</FONT></TD><TD STYLE="text-align: justify">The Company is aware of and has been advised as to the content of the Rules&nbsp;on Mergers and Acquisitions
of Domestic Enterprises by Foreign Investors and any official clarifications, guidance, interpretations or implementation rules&nbsp;in
connection with or related thereto (the &ldquo;<B>PRC Mergers and Acquisitions Rules</B>&rdquo;) jointly promulgated by the Ministry of
Commerce, the State Assets Supervision and Administration Commission, the State Tax Administration, the State Administration of Industry
and Commerce (which has been merged into the State Administration for Market Regulation), the China Securities Regulatory Commission (the
 &ldquo;<B>CSRC</B>&rdquo;) and the State Administration of Foreign Exchange on August&nbsp;8, 2006 and amended on June&nbsp;22, 2009,
including the provisions thereof which purport to require offshore special purpose entities formed for listing purposes and controlled
directly or indirectly by PRC companies or individuals to obtain the approval of the CSRC prior to the listing and trading of their securities
on an overseas stock exchange. The Company has received legal advice specifically with respect to the PRC Mergers and Acquisitions Rules&nbsp;from
its PRC counsel, and the Company understands such legal advice. In addition, the Company has communicated such legal advice in full to
each of its directors that signed the Registration Statement and each such director has confirmed that he or she understands such legal
advice. Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the
Application Proof and the PHIP, the issuance and sale of the Offer Shares, the listing and trading of the Offer Shares on the SEHK and
the NYSE and the consummation of the transactions contemplated by this Agreement (i)&nbsp;are not and will not be, as of the date hereof
or as of each Time of Delivery, as the case may be, adversely affected by the PRC Mergers and Acquisitions Rules&nbsp;and (ii)&nbsp;do
not require the prior approval of the CSRC</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.9</FONT></TD><TD STYLE="text-align: justify">The Company has not sold, issued or distributed any securities during the&nbsp;six-month&nbsp;period preceding
the date hereof, including any sales pursuant to Rule&nbsp;144A, Regulation D or Regulation S promulgated under the Securities Act, other
than shares issued pursuant to employee benefit plans, qualified share option plans or other employee compensation plans.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.10</FONT></TD><TD STYLE="text-align: justify">With respect to the options and restricted shares granted pursuant to the share incentive plan adopted
by the Company (the &ldquo;<B>Share Incentive Plan</B>&rdquo;), (i)&nbsp;each grant and issuance of such option or share was duly authorized
no later than the date on which the grant of such option or share was by its terms to be effective by all necessary corporate action,
including, as applicable, approval and/or ratification by the board of directors of the Company (or a duly constituted and authorized
committee thereof) and any required shareholder approval by the necessary number of votes or written consents, and the award agreement
governing such grant (if any) was duly executed and delivered by each party thereto, (ii)&nbsp;each such grant or issuance was made in
accordance with the terms of the Share Incentive Plan and all other applicable Laws, and (iii)&nbsp;each grant or issuance of such option
or share was properly accounted for in accordance with U.S. GAAP in the financial statements (including the related notes) of the Company
and disclosed in the Company&rsquo;s filings with the SEC in accordance with the Exchange Act and all other applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>3</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Offer Shares</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.1</FONT></TD><TD STYLE="text-align: justify">The ultimate legal and beneficial owners of the Shares, prior to the issuance of the Offer Shares by the
Company for subscription under the Global Offering, are fully and accurately disclosed in each of the Hong Kong Prospectus, the Registration
Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.2</FONT></TD><TD STYLE="text-align: justify">The Offer Shares have been duly and validly authorized and, when allotted, issued and delivered against
payment therefor as provided in this Agreement or the International Underwriting Agreement, as applicable, and registered in the register
of members of the Company, will be duly and validly authorized, allotted and issued, fully paid and non-assessable, free of any preemptive
right, resale right, right of first refusal or similar right and subject to no Encumbrance or adverse claims, and will have attached to
them the rights and benefits specified in the Articles of Associations as described in each of the Hong Kong Prospectus, the Registration
Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP and, in particular, will rank <I>pari passu</I>
in all respects with the existing issued Shares, including the right to rank in full for all distributions declared, paid or made by the
Company after the time of their allotment, and will be freely transferable by the Company to or for the account of the Hong Kong Underwriters
(or the applicants under the Hong Kong Public Offering) and the International Underwriters (or purchasers procured by the Joint Global
Coordinators or the International Underwriters). The certificates for the Offer Shares, when issued, will be in due and proper form such
as to be legal and valid under all applicable Laws. The Offer Shares, when issued and delivered against payment therefor as provided in
this Agreement or the International Underwriting Agreement, as applicable, will be free of any restriction upon the holding, voting or
transfer thereof pursuant to the Laws of the United States, the Cayman Islands, the PRC or Hong Kong or the Articles of Association or
other constituent or constitutive documents or the business license of the Company or any agreement or other instrument to which the Company
is party; no holder of Offer Shares after the completion of the Global Offering will be subject to personal liability in respect of the
Company&rsquo;s liabilities or obligations by reason of being such a holder. The subscribers or purchasers of all Offer Shares issued
or sold under the Global Offering will be entitled to participate in all dividends or other distributions which may be declared, paid
or made on or in respect of the Shares at any time on or after the Listing Date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.3</FONT></TD><TD STYLE="text-align: justify">As of the Listing Date, the Company will have the authorized and issued share capital as set forth in
the section of each of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Share Capital&rdquo; and of each of
the Registration Statement, the Pricing Disclosure Package and the Prospectus headed &ldquo;Principal Shareholders&rdquo;, and, assuming
the full exercise of the Over-Allotment Option, as of the relevant settlement date for the Option Shares, the Company will have the authorized
and issued capital as set forth in the section of each of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Share
Capital&rdquo; and of each of the Registration Statement, the Pricing Disclosure Package and the Prospectus headed &ldquo;Principal Shareholders&rdquo;.
The share capital of the Company, including the Offer Shares, conforms to each description thereof contained in each of the Hong Kong
Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, and each such
description is complete, true, accurate and not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.4</FONT></TD><TD STYLE="text-align: justify">Each of the holders of the Offer Shares and the Underwriters is entitled to sue as plaintiff in the court
of the jurisdiction of formation and domicile of the Company for the enforcement of their respective rights under this Agreement or the
International Underwriting Agreement and the Offer Shares, and such access to such courts will not be subject to any conditions which
are not applicable to residents of such jurisdiction or a company incorporated in such jurisdiction.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>4</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>This Agreement, the International Underwriting Agreement and
the Operative Documents</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.1</FONT></TD><TD STYLE="text-align: justify">The Company has full right, power and authority to execute and deliver this Agreement, the International
Underwriting Agreement and each of the Operative Documents (collectively, the &ldquo;<B>Transaction Documents</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&rdquo;</FONT>)
and to perform its obligations under the Transaction Documents; all action required to be taken for the due and proper authorization,
execution and delivery by it of this Agreement and each of the Transaction Documents and the consummation by it of the transactions contemplated
under the Transaction Documents has been duly and validly taken.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.2</FONT></TD><TD STYLE="text-align: justify">Each of the Transaction Documents and any other document required to be executed by the Company pursuant
to the provisions of the Transaction Documents, has been duly authorized, executed and delivered by the Company and, when validly authorized,
executed and delivered by the other parties hereto and thereto, constitutes a legal, valid and binding agreement of the Company, enforceable
in accordance with its terms; to ensure the legality, validity, enforceability or admissibility into evidence in the Cayman Islands of
any of the Transaction Documents, it is not necessary that any such Transaction Documents be filed, enrolled or recorded with any Authority
in the Cayman Islands, or that any stamp or similar tax in the Cayman Islands be paid on or in respect of any such Transaction Documents
or any other documents to be furnished hereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.3</FONT></TD><TD STYLE="text-align: justify">The statements set forth in the sections of each of the Hong Kong Prospectus, the Registration Statement,
the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP headed, respectively, &ldquo;Structure of the Global
Offering&rdquo; and &ldquo;Underwriting&rdquo;, as applicable, insofar as they purport to describe the provisions of this Agreement and
the International Underwriting Agreement are complete, true and accurate in all material respects and not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>5</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>No conflict, compliance and approvals</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.1</FONT></TD><TD STYLE="text-align: justify">Neither the Company nor any other member of the Group is (i)&nbsp;in violation of its certificate of incorporation
or memorandum and articles of associations, by-laws (or other applicable organizational document), (ii)&nbsp;in violation of any Laws
from any Authority having jurisdiction over the Company or any other member of the Group or any of their assets or properties, or (iii)&nbsp;in
default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract, indenture, mortgage,
deed of trust, note, loan agreement, lease or other agreement or instrument to which it is a party or by which it or any of its assets
or properties may be bound, except, in the case of the foregoing clauses (ii)&nbsp;and (iii), for such violations or defaults as would
not, individually or in the aggregate, have a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.2</FONT></TD><TD STYLE="text-align: justify">The issue and sale of the Offer Shares, the execution, delivery and performance of the Transaction Documents
and any other document required to be executed by the Company pursuant to the provisions of the Transaction Documents, the compliance
by the Company with the terms of the Offer Shares and the Transaction Documents, the consummation of the transactions herein or therein
contemplated, and the fulfillment of the terms hereof or thereof, do not and will not, whether with or without the giving of notice or
passage of time or fulfillment of any condition or compliance with any formality or all of the foregoing, conflict with, or result in
a breach or violation of, or constitute a default under (or constitute any event or condition which would result in a breach or violation
of, constitute a default under or give the holder of any indebtedness (or a person acting on such holder&rsquo;s behalf) the right to
require the repurchase, redemption or repayment of all or part of such indebtedness under), or result in the creation or imposition of
an Encumbrance on any property or assets of any member of the Group pursuant to (A)&nbsp;the articles of association or other constituent
or constitutive documents or the business license of any member of the Group, or (B)&nbsp;any note, indenture, mortgage, deed of trust,
loan or credit agreement or other evidence of indebtedness, or any license, lease, contract or other agreement or instrument to which
any member of the Group is a party or by which any member of the Group is bound or any of its properties or assets may be bound or affected,
or (C)&nbsp;any Law of any Authority having jurisdiction over any member of the Group or any of its properties or assets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.3</FONT></TD><TD STYLE="text-align: justify">Approval in principle has been obtained from the Listing Committee for the listing of, and permission
to deal in, the Shares on the Main Board of the SEHK and remains valid.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.4</FONT></TD><TD STYLE="text-align: justify">No Approval and Filing from any Authority is required for the issue, sale and delivery of the Offer Shares,
the execution, delivery or performance by the Company of the Transaction Documents or the performance by the Company of its respective
obligations hereunder or thereunder, or the consummation by the Company of the transactions contemplated by the Transaction Documents,
the issuance, publication, distribution or making available of each of the Offering Documents, and for the Company and the other members
of the Group to carry on their business and operations as described in each of the Hong Kong Prospectus, the Application Proof, the PHIP,
the Registration Statement, the Pricing Disclosure Package and the Prospectus, except (A)&nbsp;such as have been obtained, the approval
by the Financial Industry Regulatory Authority,&nbsp;Inc. (&ldquo;<B>FINRA</B>&rdquo;) of the underwriting terms and arrangements and
such Approvals and Filings as may be required under U.S. state securities laws or blue sky laws in connection with the purchase and distribution
of the Offer Shares by the Underwriters, and (B)&nbsp;the final approval from the SEHK for the listing of and permission to deal in the
Shares on the Main Board of the SEHK.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.5</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;No person has the right, contractual or otherwise, to cause the Company to issue or sell to it
any Shares or shares of any other capital stock of the Company, (B)&nbsp;no person has any preemptive rights, resale rights, rights of
first refusal or other rights to purchase any Shares or any other shares of the Company and (C)&nbsp;except as disclosed in the Hong Kong
Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package, and the Prospectus, no person
has the right to act as an underwriter or as a financial adviser to the Company in connection with the offer and sale of the Offer Shares;
and (D)&nbsp;except as disclosed in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing
Disclosure Package, and the Prospectus, no person has the right, contractual or otherwise, to cause the Company to include any Shares
or any other shares of the Company in the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.6</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The Company and the other members of the Group (i)&nbsp;have conducted and are conducting their
respective businesses and operations in compliance with all Laws applicable thereto in all material respects, and (ii)&nbsp;except as
disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP, have obtained or made and hold and are in compliance with all material Approvals and Filings under any Laws applicable
to, or from or with any Authority having jurisdiction over, any member of the Group or any of their respective properties or assets, or
otherwise from or with any other persons, required in order to own, lease, license and use its properties and assets and conduct its businesses
and operations and in connection with the use and application of the proceeds from the Global Offering for the purposes in the manner
presently conducted or proposed to be conducted as described in each of the Hong Kong Prospectus, the Registration Statement, the Pricing
Disclosure Package, the Prospectus, the Application Proof and the PHIP; (B)&nbsp;all such Approvals and Filings contain no conditions
precedent that have not been fulfilled or performed or other burdensome restrictions or conditions not described in each of the Hong Kong
Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP; (C)&nbsp;all
such Approvals and Filings are valid and in full force and effect, and no member of the Group is in violation of, or in default under,
or has received notice of any action, suit, proceeding, investigation or inquiry relating to revocation, suspension or modification of,
or has any reason to believe that any Authority is considering revoking, suspending or modifying, any such Approvals and Filings, and
there are no facts or circumstances existing or that have in the past existed which may lead to the revocation, rescission, avoidance,
repudiation, withdrawal, non-renewal or change, in whole or in part, of any of the existing Approvals and Filings, or any requirements
for additional Approvals and Filings which could prevent, restrict or hinder the operations of any member of the Group or cause any member
of the Group to incur additional material expenditures; and (D)&nbsp;no Authorities, in its inspection, examination or audit of any member
of the Group have reported findings or imposed penalties that have resulted in or could reasonably be expected to have individually or
in the aggregate, a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.7</FONT></TD><TD STYLE="text-align: justify">The use and application of the proceeds from the Global Offering, as set forth in and contemplated by
each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and
the PHIP, (i)&nbsp;will not conflict with, or result in a breach or violation of, or constitute a default under (or constitute any event
which would result in a breach or violation of, constitute a default under or give the holder of any indebtedness (or a person acting
on such holder&rsquo;s behalf) the right to require the repurchase, redemption or repayment of all or part of such indebtedness under),
or result in the creation or imposition of an Encumbrance upon any property or assets of any member of the Group pursuant to (A)&nbsp;the
articles of association or other constituent or constitutive documents or the business license of any member of the Group, or (B)&nbsp;any
note, indenture, mortgage, deed of trust, loan or credit agreement or other evidence of indebtedness, or any license, lease, contract
or other agreement (including any distributor agreement) or instrument to which any member of the Group is a party or by which any member
of the Group is bound or any of their respective properties or assets may be bound or affected, or (ii)&nbsp;will not violate any Laws
applicable to any member of the Group or any of its properties or assets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.8</FONT></TD><TD STYLE="text-align: justify">Hong Kong Public Offering, the International Offering and the other transactions provided for or contemplated
by the Transaction Documents and all related arrangements, in so far as they are the responsibility of the Company or any other member
of the Group, have been and will be carried out in accordance with all applicable Laws and regulatory requirements in the PRC, Hong Kong,
the United States, the Cayman Islands and any other relevant jurisdictions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>6</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Accounts and other financial information</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.1</FONT></TD><TD STYLE="text-align: justify">The Reporting Accountants, whose audit report on certain consolidated financial statements of the Group
is included or incorporated by reference in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, are independent public accountants as required by the Securities Act and the rules&nbsp;and
regulations of the Commission thereunder and the U.S. Public Company Accounting Oversight Board.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The audited consolidated financial statements (and the related schedules and notes thereto) of
the Group included or incorporated by reference in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP give a true and fair view of the consolidated financial position of the Group
as of the dates indicated and the consolidated results of operations, cash flows and changes in shareholders&rsquo; equity of the Group
for the periods specified, have been prepared in conformity with the International Financial Reporting Standards (&ldquo;<B>IFRSs</B>&rdquo;)
or U.S. generally accepted accounting principles (&ldquo;<B>GAAP</B>&rdquo;), as applicable, applied on a consistent basis throughout
the periods involved; (B)&nbsp;the supporting schedules, if any, present fairly in accordance with IFRS or GAAP, as applicable, the information
required to be stated therein; (C)&nbsp;all summary and selected financial data included or incorporated by reference in each of the Hong
Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP are derived
from the accounting records of the Group and present fairly the information shown therein and have been compiled on a basis consistent
with that of the audited consolidated financial statements of the Group included therein; (D)&nbsp;the pro forma net tangible assets (and
the related notes thereto) (and all other pro forma financial statements, information or data, if any) included or incorporated by reference
in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof
and the PHIP are presented in a fair manner as shown therein and have been prepared in accordance with the applicable requirements of
the Listing Rules&nbsp;on the basis set out in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP and are presented consistently with the relevant accounting principles adopted by the
Company; the assumptions used in the preparation of such pro forma net tangible assets (and other pro forma financial statements, information
and data, if any) are reasonable. The pro forma adjustments used therein are appropriate to give effect to the transactions or circumstances
described therein, and the pro forma adjustments have been properly applied to the historical amounts in the compilation of the pro forma
net tangible assets (and other pro forma financial statements, information and data, if any); (E)&nbsp;there are no financial statements
(historical or pro forma) or supporting schedules and notes that are required (including, without limitation, by the Listing Rules&nbsp;and
the Securities Act and the rules&nbsp;and regulations of the Commission thereunder) to be included or incorporated by reference in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP that are not included or incorporated by reference as required; and (F)&nbsp;each of the members of the Group does not have any liabilities
or obligations, direct or contingent (including, without limitation, any off-balance sheet obligations), not described in each of the
Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.3</FONT></TD><TD STYLE="text-align: justify">The memorandum of the Board on profit forecast for the year ending June&nbsp;30, 2022 and 2023 and on
working capital forecast for the fifteen months ending June&nbsp;30, 2023 has been approved by the Directors and reviewed by the Reporting
Accountants, has been prepared after due and careful enquiry and on the basis and assumptions stated in such memorandum which the Directors
honestly believe to be fair and reasonable and (A)&nbsp;all statements of fact in such memorandum are complete, true and accurate in all
material respects and not misleading, (B)&nbsp;all expressions of opinion contained in such memorandum are fair and reasonable, are honestly
held by the Directors and can be properly supported; and (C)&nbsp;there are no other material facts or assumptions which in any case ought
reasonably to have been taken into account which have not been taken into account in the preparation of such memorandum.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.4</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The prospective information (i)&nbsp;included in the profit forecast as set forth in the memorandum
of the Board on profit forecast for the year ending June&nbsp;30, 2022 and 2023 and on working capital forecast for the fifteen months
ending June&nbsp;30, 2023 and (ii)&nbsp;included or incorporated by reference in the planned capital expenditures and projected working
capital as set forth in the section of each of the Hong Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Financial Information
- Liquidity and Capital Resources&rdquo; and in the section of each of the Registration Statement, the Pricing Disclosure Package and
the Prospectus headed &ldquo;Certain Financial Data&rdquo; (collectively, the &ldquo;<B>Prospective Financial Information</B>&rdquo;),
in each case has been prepared after due and proper consideration, and represents reasonable and fair expectations honestly held, by the
Company on the basis of facts known and the bases and assumptions stated in the memorandum and the Hong Kong Prospectus, the Application
Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and the Prospectus, and in accordance with the Company&rsquo;s
accounting policies described in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus,
the Application Proof and the PHIP consistently applied; (B)&nbsp;the bases and assumptions used in the preparation of the Prospective
Financial Information (i)&nbsp;are all those that the Company believes are significant in forecasting the consolidated profit attributable
to the shareholders of the Company for the year ending June&nbsp;30, 2022 and 2023 and estimating the capital expenditures and the projected
working capital of the Company for the fifteen months ending June&nbsp;30, 2023, as applicable, and (ii)&nbsp;reflect, for each relevant
period, a fair and reasonable forecast or estimate by the Company of the events, contingencies and circumstances described therein; and
(C)&nbsp;the Prospective Financial Information represents a fair and reasonable forecast by the Company of the consolidated profit attributable
to the shareholders of the Company for the year ending June&nbsp;30, 2022 and 2023 and fair and reasonable estimates by the Company of
the estimated capital expenditures and the projected working capital of the Company for the fifteen months ending June&nbsp;30, 2023,
as applicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.5</FONT></TD><TD STYLE="text-align: justify">The unaudited consolidated management financial information of the Company and the other members of the
Group as of March&nbsp;31, 2022 and for the period from January&nbsp;1, 2022 to March&nbsp;31, 2022 (and the related schedules and notes
thereto) and other accounting records of the Group (A)&nbsp;have been reviewed by the Reporting Accountants, (B)&nbsp;have been prepared
in conformity with IFRS or GAAP, as applicable, applied on a consistent basis throughout the period from January&nbsp;1, 2022 to March&nbsp;31,
2022, (C)&nbsp;have been compiled on a basis consistent with the audited consolidated financial statements of the Company included or
incorporated by reference in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus,
the Application Proof and the PHIP, (D)&nbsp;have been properly written up and give a true and fair view of, and reflect in conformity
with the accounting policies of the Company and IFRS or GAAP, as applicable, all the transactions entered into by the Company or any of
the other members of the Group or to which the Company or any other member of the Group was a party during the period from January&nbsp;1,
2022 to March&nbsp;31, 2022, (E)&nbsp;reflect normal recurring adjustments which are necessary for a fair presentation of the consolidated
results of operations of the Group for the period from January&nbsp;1, 2022 to March&nbsp;31, 2022, (F)&nbsp;contain no inaccuracies or
discrepancies of any kind, and (G)&nbsp;give a true and fair view of the consolidated financial position of the Group as of March&nbsp;31,
2022 and the consolidated results of operations of the Group for the period from January&nbsp;1, 2022 to March&nbsp;31, 2022.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.6</FONT></TD><TD STYLE="text-align: justify">The statements set forth in the section of each of the Hong Kong Prospectus, the Application Proof and
the PHIP headed &ldquo;Financial Information - Critical Accounting Policies And Estimates&rdquo;, and in the sections of each of the Registration
Statement, the Pricing Prospectus and the Prospectus headed &ldquo;Operating and Financial Review and Prospects&rdquo; and &ldquo;Certain
Financial Data&rdquo; (collectively the &ldquo;<B>MD&amp;A</B>&rdquo;) are complete, true and accurate in all material respects and not
misleading and fairly describe (A)&nbsp;accounting policies which the Company believes are the most material to the portrayal of the Company&rsquo;s
financial condition and results of operations (&ldquo;<B>Critical Accounting Policies</B>&rdquo;), (B)&nbsp;judgments and uncertainties
affecting the application of the Critical Accounting Policies, and (C)&nbsp;and explain the likelihood that materially different amounts
would be reported under different conditions or using different assumptions; and the Board, senior management and audit committee of the
Company have reviewed and agreed with the selection, application and disclosure of the Critical Accounting Policies and have consulted
the legal counsel and the Reporting Accountants with regard to such disclosure.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.7</FONT></TD><TD STYLE="text-align: justify">Each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus,
the Application Proof and the PHIP accurately and fully describes in all material respects (A)&nbsp;all trends, demands, commitments,
events, uncertainties and risks, and the potential effects thereof, that the Company believes would materially affect liquidity, financial
condition or results of operation of any member of the Group and could reasonably be expected to occur, and (B)&nbsp;all off-balance sheet
transactions, arrangements, obligations and liabilities, direct or contingent; no member of the Group has any relationships with unconsolidated
entities that are contractually limited to narrow activities that facilitate the transfer of or access to assets by any member of the
Group, such as structured finance entities and special purpose entities, which would, or could reasonably be expected to, have a material
effect on the liquidity of any member of the Group or the availability thereof or the requirements of any member of the Group for capital
resources.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.8</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The factual contents of the reports and letters of the Reporting Accountants are and will remain
complete, true and accurate in all material respects (and where such information is subsequently amended, updated or replaced, such amended,
updated or replaced information is complete, true and accurate in all material respects) and no material fact or matter has been omitted
therefrom which would make the contents of any of such reports or letters or certificates misleading, and the opinions attributed to the
Directors in such reports or letters or certificates are held in good faith based upon facts within their knowledge, and none of the Company
and the Directors disagrees with any aspect of the reports, letters or certificates prepared by the Reporting Accountants; (B)&nbsp;no
material information was withheld from the Reporting Accountants for the purposes of their preparation of their reports contained in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP and the comfort letters to be issued by the Reporting Accountants in connection with the Global Offering and all information given
to the Reporting Accountants by the Company for such purposes was given in good faith and there is no other information which has not
been provided the result of which would make the information so received misleading; and (C)&nbsp;no material information was withheld
from the Reporting Accountants, the Joint Sponsors or the Underwriters for the purposes of their review of the forecasts of profit and
earnings per share and the pro forma net tangible assets and all other pro forma financial statements, information or data, if any, of
the Company included or incorporated by reference in any of the Offering Documents or their review of the Company&rsquo;s profit forecast,
cash flow and working capital projections, estimated capital expenditures and financial reporting procedures.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.9</FONT></TD><TD STYLE="text-align: justify">The Company has not received any notice, oral or written, from its board of directors stating that it
is reviewing or investigating, and neither the Company&rsquo;s independent auditors nor its internal auditors have recommended that the
board of directors review or investigate, (i)&nbsp;adding to, deleting, changing the application of, or changing the Company&rsquo;s disclosure
with respect to, any of the Company&rsquo;s material accounting policies; or (ii)&nbsp;any matter which could result in a restatement
of the Company&rsquo;s financial statements for any annual or interim period during the current or prior three fiscal years.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>7</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Indebtedness and material obligations</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.1</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, (A)&nbsp;no member of the Group has any material outstanding liabilities,
term loans, other borrowings or indebtedness in the nature of borrowings, including, without limitation, bank overdrafts and loans, debt
securities or similar indebtedness, subordinated bonds and hire purchase commitments, or any material mortgage or charge or any guarantee
or other contingent liabilities, (B)&nbsp;no outstanding indebtedness of any member of the Group has or will (or with notice or lapse
of time or fulfillment of any condition or compliance with any formality or all of the foregoing) become repayable before its stated maturity,
nor has or will (or with notice or lapse of time or fulfillment of any condition or compliance with any formality or all of the foregoing)
any security in respect of such indebtedness become enforceable by reason of default of such member of the Group, (C)&nbsp;to the best
knowledge of the Company after due and careful enquiry, no person to whom any material indebtedness of any member of the Group that is
repayable on demand is owed has demanded or threatened to demand repayment of, or to take steps to enforce any security for, the same,
and (D)&nbsp;to the best knowledge of the Company, no circumstance has arisen such that any person is now entitled to require payment
of any material indebtedness of any member of the Group or under any guarantee of any liability of any member of the Group by reason of
default of such member of the Group or any other person or under any material guarantee given by any member of the Group,.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The amounts borrowed by each member of the Group do not exceed any limitation on its borrowing
contained in its articles of association or other constituent or constitutive documents or its business license or in any debenture or
other deed or document binding upon it; (B)&nbsp;no member of the Group has factored any of its material debts or engaged in financing
of a type which would not be required to be shown or reflected in its audited accounts; and (C)&nbsp;with respect to each of the borrowing
facilities of any member of the Group, (i)&nbsp;such borrowing facility has been duly authorized, executed and delivered, is legal, valid,
binding and enforceable in accordance with is terms and is in full force and effect, (ii)&nbsp;all undrawn amounts under such borrowing
facility is or is expected to be capable of drawdown pursuant to the terms thereof, and (iii)&nbsp;to the best knowledge of the Company
after due and careful enquiry, no event has occurred, and no circumstances exist, which could cause any undrawn amounts under such borrowing
facility to be unavailable for drawing as required; and (D)&nbsp;to the best knowledge of the Company, no event has occurred, and no circumstances
exist, in relation to any investment grants, loan subsidies or financial assistance received by or granted to or committed to be granted
or pledged to the Company or any of the other members of the Group from or by any Authority in consequence of which the Company or the
relevant member of the Group is or could be held liable to forfeit or repay in whole or in part any such grant or loan or financial assistance.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.3</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP and to the extent that the existence of any such guarantee or obligation would
not, individually or in the aggregate, be material to the Company and the other members of the Group, taken as a whole, there are no material
outstanding guarantee or contingent payment obligation of the Company or any other member of the Group in respect of indebtedness of third
parties.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>8</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Subsequent events</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.1</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, subsequent to the date of the latest audited consolidated financial statements
included or incorporated by reference in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP (the &ldquo;<B>Latest Audited Balance Sheet Date</B>&rdquo;), no member of the Group
has (A)&nbsp;entered into or assumed or otherwise agreed to be bound by any contract; agreement or arrangement (including any letter of
intent or memorandum of understanding), (B)&nbsp;incurred, assumed or acquired or otherwise agreed to become subject to any liability
or other obligation (including, without limitation, contingent liability or off-balance sheet obligations), (C)&nbsp;acquired or disposed
of or agreed to acquire or dispose of any business or asset, or (D)&nbsp;cancelled, waived, released or discounted in whole or in part
any debt or claim, (E)&nbsp;purchased or reduced, or agreed to purchase or reduce, its capital stock or other equity interest of any class,
(F)&nbsp;declared, made or paid any dividend or distribution of any kind on its capital stock of any class, (G)&nbsp;had any lapse of
any Intellectual Property (as defined below), or (H)&nbsp;entered into an agreement, a letter of intent or memorandum of understanding
(or announced an intention to do so) relating to any matters identified in clauses (A)&nbsp;through (G)&nbsp;above, except, in each of
the foregoing clauses (A)&nbsp;through (H), that would not, individually or in the aggregate, have a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.2</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, subsequent to the Latest Audited Balance Sheet Date, (A)&nbsp;no member of
the Group has sustained any loss or interference with its business from fire, explosion, flood, earthquake or other calamity, whether
or not covered by insurance, or from any labor dispute or any action, order or decree of any Authority, (B)&nbsp;each member of the Group
has carried on and will carry on business in the ordinary and usual course so as to maintain it as a going concern and in the same manner
as previously carried on, (C)&nbsp;each member of the Group has continued to pay its creditors in the ordinary course of business and
on arm&rsquo;s length terms, (D)&nbsp;there has been no material adverse change in the relations of the Group&rsquo;s business with its
suppliers, customers, partners, distributors, licensors or lenders, (E)&nbsp;there has been no damage, destruction or loss (whether or
not covered by insurance) materially and adversely affecting the Group taken as a whole, and (F)&nbsp;there has been no Material Adverse
Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.3</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, (A)&nbsp;there has been and will be no material change in the share capital,
or increases in current or non-current portion of loans and borrowings of the Group as of (i)&nbsp;the date of this Agreement, (ii)&nbsp;the
Hong Kong Prospectus Date, (iii)&nbsp;the Price Determination Date or (iv)&nbsp;the Listing Date, as applicable, in each case as compared
to amounts shown in the latest audited consolidated balance sheet of the Group as of December&nbsp;31, 2021 included or incorporated by
reference in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and
the Prospectus; and (B)&nbsp;except as described in the Memorandum on Profit Forecast for the Year Ending June&nbsp;30, 2022 and 2023
and Working Capital Forecast for the 15 Months Ending June&nbsp;30, 2023 dated June&nbsp;28, 2022, there has not been and is not expected
to have material decreases in revenues of the Group during the period from the Latest Audited Balance Sheet Date to (i)&nbsp;the date
of this Agreement, (ii)&nbsp;the Hong Kong Prospectus Date, (iii)&nbsp;the Price Determination Date or (iv)&nbsp;the Listing Date, as
applicable, in each case as compared to the corresponding period in the preceding financial year ended June&nbsp;30, 2021 of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>9</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Assets</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.1</FONT></TD><TD STYLE="text-align: justify">The Company and the other members of the Group have good and marketable title (or, in the case of a real
property located in the PRC, valid land use rights and real property ownership certificates with respect to such real property) to the
real property and personal property owned by them which are in each case material to the business of the Company and the other members
of the Group taken as a whole, free and clear of all Encumbrances and defects except such as are described in each of the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP; any real property and
buildings held under lease by the Company and the other members of the Group are held by them under valid, subsisting and enforceable
leases with such exceptions as are not material and do not materially interfere with the use made and proposed to be made of such property
and buildings by the Company and the other members of the Group, and each member of the Group has rectified or is making its best efforts
to rectify, such title defects; each personal property or asset, as applicable, held under lease or license by the Company or any of the
other members of the Group is held by it under a lease or license in full force and effect that has been duly authorized, executed and
delivered and is legal, valid, binding and enforceable in accordance with its terms, with such exceptions as would not, individually or
in the aggregate, materially interfere with the use made and proposed to be made of such property or asset by the Company or the relevant
member of the Group, as applicable; no material default (or event which, with notice or lapse of time or fulfillment of any condition
or compliance with any formality or all of the foregoing, would constitute such a default) by the Company or any of the other members
of the Group has occurred and is continuing or is likely to occur under any of such leases or licenses; no member of the Group is aware
of any action, suits, claims, demands, investigations, judgment, awards and proceedings of any nature that has been asserted or, to the
best knowledge of the Company, threatened by any person which (i)&nbsp;may be materially adverse to the rights or interests of such member
of the Group under such lease or tenancy or (ii)&nbsp;which may materially affect the rights of such member of the Group to the continued
possession or use of such leased property or other asset; there are no Encumbrances, conditions, planning consents, orders, regulations
or other restrictions which may materially interfere or affect the use made or proposed to be made of such leased property or other asset
by any member of the Group; neither the Company nor any of the other members of the Group owns, operates, manages or neither the Company
nor any of the other members of the Group owns, leases, licenses, operates, manages, uses or has any other right or interest in any other
real property or building or personal property or asset, as applicable, of any kind that is material except as disclosed in the Hong Kong
Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, and no other
real properties or buildings and personal properties or assets are necessary in order for the Company and the other members of the Group
to carry on the business of the Company and the other members of the Group in the manner described in each of the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, other than those properties
and assets whose absence would not, individually or in the aggregate, result in a Material Adverse Effect; the use of all properties owned
or leased by each member of the Group is in accordance with its permitted use under all applicable Laws; and no member of the Group has
any existing or contingent liabilities in respect of any properties previously occupied by it or in which it has owned or held any material
interests.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.2</FONT></TD><TD STYLE="text-align: justify">Each member of the Group has valid title to all inventory used in its business free from any Encumbrances
or other third party rights (other than any Encumbrances arising by operation of law in the ordinary or usual course of business and without
fault on the part of the licensor or encumbrancer) and the inventory is of normal merchantable quality and capably of being used or sold
to a purchaser by such member of the Group in the ordinary course of business.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>10</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Intellectual Property</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.1</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, (A)&nbsp;the Company and the other members of the Group own, free of Encumbrances
or adverse claims, or have obtained (or can obtain on reasonable terms) licenses for, or other rights to use, all material patents, patent
applications, inventions, copyrights, trade or service marks (both registered and unregistered), trade or service names, domain names,
technology, know-how (including, without limitation, trade secrets and other unpatented and/or unpatentable proprietary or confidential
rights, information, systems or processes), and other proprietary information, rights or processes, including registrations and/or applications
for registration with respect to any of the foregoing, (collectively, the &ldquo;<B>Intellectual Property</B>&rdquo;) described in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP as being owned or licensed or used by them and such rights and licenses held by each member of the Group in any Intellectual Property
comprises all the rights and licenses that are necessary for the conduct of their respective businesses as currently conducted or as proposed
to be conducted; none of the Intellectual Property that is material to the Group is unenforceable or invalid; (B)&nbsp;each agreement
pursuant to which the Company or any other member of the Group has obtained licenses for, or other rights to use,&nbsp;Intellectual Property
is legal, valid, binding and enforceable in accordance with its terms, and is in full force and effect, the Company and the other members
of the Group have complied with the terms of each such agreement, and no material default (or event which would constitute such a default)
by the Company or any of the other members of the Group has occurred and is continuing or is likely to occur under any such agreement
and no notice has been given by or to any party to terminate any such agreement; (C)&nbsp;to the best knowledge of the Company after due
and careful enquiry, there is no claim to the contrary or any challenge by any other person to the rights of the Company or any of the
other members of the Group with respect to the Intellectual Property; (D)&nbsp;to the best knowledge of the Company after due and careful
enquiry, there are no third parties who have or will be able to establish rights to any Intellectual Property, except for the ownership
rights of the owners of the Intellectual Property which are licensed to the Company; (E)&nbsp;to the best knowledge of the Company after
due and careful enquiry, there is no infringement by third parties of any Intellectual Property of the members of the Group, except where
such infringement or claim would not and could not reasonably be expected to, individually or in the aggregate, result in a Material Adverse
Effect; (F)&nbsp;there is no pending or, to the best knowledge of the Company, threatened action, suit, proceeding or claim by others
challenging the Company&rsquo;s rights in or to any Intellectual Property or challenging the validity, enforceability or scope of any
Intellectual Property and there are no facts which could form a reasonable basis for any such action, suit, proceeding or claim; (H)&nbsp;to
the best knowledge of the Company, there is no pending or threatened action, suit, proceeding or claim by others that alleges the Company
or any other member of the Group infringes or otherwise violates, or would, upon the commercialization of any verticals, product or service
described in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP as under development or to be potentially developed, infringe or violate, any Intellectual Property rights of others,
and there are no facts which could form a reasonable basis for any such action, suit, proceeding or claim; (G)&nbsp;to the best knowledge
of the Company, there is no patent or patent application that contains claims that interfere with the issued or pending claims of any
of the Intellectual Property or that challenges the validity, enforceability or scope of any of the Intellectual Property; (H)&nbsp;to
the best knowledge of the Company, there is no prior art that may render any patent application within the Intellectual Property unpatentable
that has not been disclosed to any Authority having jurisdiction over intellectual property matters in the jurisdictions in which the
Group operates; (I)&nbsp;none of the members of the Group has received any notice alleging infringement, violation or conflict with, or
knows of any basis for such infringement, violation or conflict with, rights of others with respect to the Intellectual Property; and
(J)&nbsp;the discoveries, inventions, products or processes of the Company and the other members of the Group referenced in each of the
Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP do
not violate or conflict with any Intellectual Property right of any third party including any discovery, invention, product or process
that is the subject of a patent application filed by any third party; and (F)&nbsp;neither the Company nor any other member of the Group
are in breach of, and each member of the Group has complied with, any license or other agreement (to which it is a party) related to the
Intellectual Property rights of the Company, the other members of the Group or any third party.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.2</FONT></TD><TD STYLE="text-align: justify">The trademarks, patents, domain names and copyrights shown in the section headed &ldquo;Appendix V &ndash;
Statutory and General Information &ndash; B. Further Information about Our Business &ndash; 2. Intellectual Property Rights&rdquo; of
the Hong Kong Prospectus, the Application Proof and the PHIP are the registered trademarks, patented, domain names and copyrights owned
by the Group that are material to the business of the Group as currently conducted.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.3</FONT></TD><TD STYLE="text-align: justify">Each of the members of the Group has taken all necessary and appropriate steps to protect and preserve
the confidentiality of applicable Intellectual Property (&ldquo;<B>Confidential Information</B>&rdquo;): (i)&nbsp;all use or disclosure
of Confidential Information owned by the members of the Group to a third party has been pursuant to a written agreement between the members
of the Group and such third party, and (ii)&nbsp;all use or disclosure of Confidential Information not owned by the members of the Group
has been pursuant to the terms of a written agreement between the members of the Group and the owner of such Confidential Information,
or is otherwise lawful.</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>11</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Cybersecurity and Data Protection</B></FONT></TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.1</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;All networks, computer systems, communications systems, software and hardware, websites, applications,
databases and other information technology assets and equipment which are currently owned, licensed or used by the Company or any other
member of the Group (collectively, the &ldquo;<B>IT System</B>&rdquo;) as disclosed in each of the Hong Kong Prospectus, the Application
Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and the Prospectus comprise all of the information technology
systems and related rights adequate for, or necessary to conduct the respective businesses of the Company and the other members of the
Group as currently conducted or as proposed to be conducted; (B)&nbsp;the Company and the other members of the Group either legally and
beneficially own, or have obtained licenses for, or other rights to use, all of the IT System; (C)&nbsp;each agreement pursuant to which
the Company or any other member of the Group has obtained licenses for, or other rights to use, the IT System is legal, valid, binding
and enforceable in accordance with its terms and is in full force and effect, the Company and the other members of the Group have complied
with the terms of each such agreement in all material respects, and no material default (or event which would constitute such a material
default) by the Company or any of the other members of the Group has occurred and is continuing or is likely to occur under any such agreement
and no notice has been given by or to any party to terminate any such agreement; (D)&nbsp;all the records and systems (including but not
limited to the IT System) and all data and information of the Company and the other members of the Group are maintained and operated by
the Company and the other members of the Group and are not wholly or partially dependent on any facilities not under the exclusive ownership
or control of the Company and the other members of the Group; (E)&nbsp;in the event that the persons providing maintenance or support
services for the Company and the other members of the Group with respect to the Information Technology cease or are unable to do so, the
Company and the other members of the Group have all the necessary rights and information to continue to maintain and support or have a
third party maintain or support the IT System; (F)&nbsp;there are no defects relating to the IT System; (G)&nbsp;the Group has in place
procedures to prevent unauthorized access and the introduction of viruses and to enable the taking and storing on-site and off-site of
back-up copies of the software and data; and (H)&nbsp;the Group has in place adequate back-up policies and disaster recovery arrangements
which enable its IT System and the data and information stored thereon to be replaced and substituted without disruption to the business
of the relevant member of the Group.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;the Group has implemented and maintained adequate controls, policies, procedures, and safeguards
to maintain and protect and their users&rsquo; confidential information and the integrity, continuous operation, redundancy and security
of all IT Systems and data (including all personal, personally identifiable, sensitive, confidential or regulated data (&ldquo;<B>Personal
Data</B>&rdquo;)) used in connection with its businesses, and there have been no breaches, violations, outages or unauthorized uses of
or accesses to the same; The Company and the other members of the Group have complied with, in all material respects, all applicable cybersecurity
and data privacy and protection Laws (including the Cybersecurity Law of the PRC, the Data Security Law of the PRC, the Personal Information
Protection Law of the PRC, and the related regulations and rules), internal policies and contractual obligations relating to the privacy
and security of IT Systems and Personal Data and to the protection of such IT Systems and Personal Data from unauthorized use, access,
misappropriation or modification; (B)&nbsp;neither the Company nor any other member of the Group has received any notice (including, without
limitation, any enforcement notice, de-registration notice or transfer prohibition notice), letter, complaint or allegation from the relevant
Authority alleging any breach or non-compliance by it of the applicable cybersecurity and data privacy and protection Laws or prohibiting
the transfer of data to a place outside the relevant jurisdiction; (C)&nbsp;neither the Company nor any other member of the Group has
received any claim for compensation from any person in respect of its business under the applicable cybersecurity and data privacy and
protection Laws and industry standards in respect of inaccuracy, loss, unauthorized destruction or unauthorized disclosure of data and
there is no outstanding notice or order against the Company or any other member of the Group in respect of the rectification or erasure
of data; and (D)&nbsp;no warrant has been issued authorizing the cybersecurity and data privacy and protection Authority (or any of its
officers, employees or agents) to enter any of the premises of the Company nor any other member of the Group for the purposes of, inter
alia, searching them or seizing any documents or other material found there.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.3</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;Neither the Company nor any other member of the Group has been designated as a &ldquo;critical
information infrastructure operator&rdquo; in the PRC under the Cybersecurity Law of the PRC; (B)&nbsp;neither the Company nor any other
member of the Group is subject to any communication, inquiry, notice, warning, investigation, or sanction relating to cybersecurity or
data privacy or protection from or any cybersecurity review by the Cyberspace Administration of the PRC (the &ldquo;<B>CAC</B>&rdquo;),
the CSRC or any other Authority, and none of the members of the Group is aware of any facts that would result in such proceedings; and
(C)&nbsp;none of the members of the Group has received any objection to this Offering or the transactions contemplated under this Agreement
or the International Underwriting Agreement from the CSRC, the CAC or any other relevant Authority.</TD></TR></TABLE>

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<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>12</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Compliance with employment and labor Laws</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.1</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, each member of the Group established in the PRC,&nbsp;India,&nbsp;Indonesia,
Canada, the United States and Hong Kong is making or has made any contribution to, or participates or has participated in, or has any
obligation to provide, housing provident fund, social insurance, severance, pension, retirement, healthcare, death, social security or
disability benefits or other actual or contingent employee benefits to any of its present or past employees or to any other person, and
does not have any material outstanding payment obligations or unsatisfied liabilities under the rules&nbsp;of such schemes or the applicable
Laws. There are no material amounts owing or promised to any present or former directors, employees or consultants of any member of the
Group other than remuneration accrued, due or for reimbursement of business expenses. No directors or senior management or key employees
of any member of the Group have given or been given notice terminating their contracts of employment; there are no proposals to terminate
the employment or consultancy of any directors, senior management, key employees or consultants of any member of the Group or to vary
or amend their terms of employment or consultancy (whether to their detriment or benefit). No member of the Group has any material undischarged
liability to pay to any Authority in any jurisdiction any taxation, contribution or other impost arising in connection with the employment
or engagement of directors, senior management, key employees or consultants by them. No material liability has been incurred by any member
of the Group for breach of any director&rsquo;s, employee&rsquo;s or consultant&rsquo;s contract of service, contract for services or
consultancy agreement, redundancy payments, compensation for wrongful, constructive, unreasonable or unfair dismissal, failure to comply
with any order for the reinstatement or re-engagement of any director, employee or consultant, or the actual or proposed termination or
suspension of employment or consultancy, or variation of any terms of employment or consultancy of any present or former employee, director,
senior management or consultant of any member of the Group.</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.2</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, (A)&nbsp;there is (i)&nbsp;no pending or, to the best knowledge of the Company,
threatened dispute with the employees of any member of the Group, and no strike, labor dispute, slowdown or stoppage&nbsp;or other conflict
with the employees of any member of the Group, (ii)&nbsp;no union representation dispute currently existing concerning the employees of
any member of the Group, and (iii)&nbsp;no existing, imminent or, to the best knowledge of the Company, threatened labor disturbance by
the employees of any of the principal suppliers, manufacturers, contractors, customers, partners or distributors of any member of the
Group, and (B)&nbsp;all the members of the Group are and have been at all times in compliance with all applicable labor and employment
Laws in all material respects,</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>13</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Compliance with environmental Laws</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">13.1</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The Company and the other members of the Group and their respective assets and operations are
in compliance with, and the Company and each of the other members of the Group have obtained or made and hold and are in compliance with
all Approvals and Filings required under, any and all applicable Environmental Laws (as defined below), except to the extent that failure
to so comply with Environmental Laws or to so obtain, make or hold or comply with such Approvals and Filings would not, individually or
in the aggregate, result in a Material Adverse Effect; (B)&nbsp;there are no past, present or, to the best knowledge of the Company, reasonably
anticipated future events, conditions, circumstances, activities, practices, actions, omissions or plans that could reasonably be expected
to give rise to any material costs, liabilities or obligations to any member of the Group under, or to interfere with or prevent compliance
by any member of the Group with, Environmental Laws; and (C)&nbsp;to the best knowledge of the Company after due and careful enquiry,
no member of the Group is the subject of any noncompliance or investigation, or has received any notice, letters, demand or claim, or
is a party to or affected by any pending or, to the best knowledge of the Company after due and careful enquiry, threatened action, suit,
proceeding or claim, or is bound by any judgment, decree or order, or has entered into any agreement, in each case relating to any alleged
violation of any Environmental Law or any actual or alleged release or threatened release or clean-up at any location of any Hazardous
Materials (as defined below) (as used herein, &ldquo;<B>Environmental Laws</B>&rdquo; means Laws relating to health, safety, the environment
(including, without limitation, the protection, clean-up and restoration thereof and timely and proper completion of all relevant environmental
protection acceptance procedures and receipt and renewal of all relevant pollutants emission permits), natural resources or Hazardous
Materials (including, without limitation, the distribution, processing, generation, treatment, storage, disposal, transportation, other
handling or release or threatened release of Hazardous Materials), and &ldquo;<B>Hazardous Materials</B>&rdquo; means any material (including,
without limitation, chemicals, pollutants, contaminants, petroleum, asbestos-containing materials, mold, hazardous or toxic substances
or wastes) that is regulated by or may give rise to liability under any Environmental Law).</TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>14</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Insurance</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.1</FONT></TD><TD STYLE="text-align: justify">The Company and each of the other members of the Group maintain insurance covering their respective businesses,
operations, properties, assets and personnel with insurers of recognized financial responsibility as the Company deems adequate; such
insurance insures against such losses and risks to an extent which is prudent and adequate in accordance with customary industry practice
to protect the Company and the other members of the Group and their respective businesses; all such insurance policies are in full force
on the date hereof and is reasonably expected to be fully in force at all other times when the Warranties are repeated pursuant to this
Agreement or the International Underwriting Agreement; all premiums due in respect of such insurance policies have been duly paid in full
and all conditions for the validity and effectiveness of such policies have been fully observed and performed by the Company and other
members of the Group; the Company and the other members of the Group are in compliance in all material respects with the terms of all
such insurance policies and there are no claims by the Company or any of the other members of the Group under any such insurance policy
as to which any insurance company is denying liability or defending under a reservation of rights clause; neither the Company nor any
of the other members of the Group has any reason to believe that it will not be able to renew any existing insurance as and when such
insurance expires or to obtain similar insurance from similar insurers as may be necessary to continue its business as now conducted;
neither the Company nor any of the other members of the Group has been refused any material insurance coverage sought or applied for.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>15</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Internal controls</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.1</FONT></TD><TD STYLE="text-align: justify">The Company and any other member of the Group maintain a system of &ldquo;internal control over financial
reporting&rdquo; (as such term is defined in Rule&nbsp;13a-15(f)&nbsp;under the Exchange Act) that <FONT STYLE="font-family: Times New Roman, Times, Serif">(i)&nbsp;complies
with the requirements of the Exchange Act, (ii)&nbsp;</FONT>has been designed by the Company&rsquo;s principal executive officer and principal
financial officer, or under their supervision<B>,</B> to provide reasonable assurance regarding the reliability of financial reporting
and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles and (iii)&nbsp;is
sufficient to provide reasonable assurance that (A)&nbsp;transactions are executed in accordance with management&rsquo;s general or specific
authorization, (B)&nbsp;transactions are recorded as necessary to permit preparation of financial statements in compliance and conformity
with GAAP or such other accounting standards as are adopted by the relevant member of the Group and maintain accountability for assets,
(C)&nbsp;access to assets is permitted only in accordance with management&rsquo;s general or specific authorization, (D)&nbsp;the recorded
accountability for assets is compared with existing assets at reasonable intervals and appropriate action is taken with respect to any
differences, (E)&nbsp;each of the Company and the other members of the Group has made and kept books, records and accounts which, in detail,
accurately and fairly reflect the transactions of such entity and provide a sufficient basis for the preparation of financial statements
in accordance with GAAP or such other accounting standards as are adopted by the relevant member of the Group, and (F)&nbsp;the Directors
are able to make a proper assessment of the financial condition, results of operations and prospects of the Company and the other members
of the Group, and such internal accounting and financial reporting controls are effective to perform the functions for which they were
established and documented properly and the implementation of such internal accounting and financial reporting controls are monitored
by the responsible persons; and except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus,
the Company or any other member of the Group is not aware of any material weaknesses in its internal control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.2</FONT></TD><TD STYLE="text-align: justify">Since the date of the latest audited financial statements included or incorporated by reference in the
Registration Statement, the Pricing Disclosure Package, and the Prospectus, there has been no change in the Company's internal control
over financial reporting that has materially and adversely affected, or is reasonably likely to materially and adversely affect, the Company's
internal control over financial reporting.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.3</FONT></TD><TD STYLE="text-align: justify">The Company maintains and evaluates &ldquo;disclosure controls and procedures&rdquo; (as such term is
defined in Rule&nbsp;13a-15(e)&nbsp;under the Exchange Act) that comply with the requirements of the Exchange Act; such disclosure controls
and procedures have been designed to ensure that (A)&nbsp;material information relating to the Company and any other member of the Group
is made known in a timely manner to the Company&rsquo;s board of directors and management by others within those entities, and (B)&nbsp;the
Company and its board of directors comply in a timely manner with the requirements of the Listing Rules, the Hong Kong Codes on Takeovers
and Mergers and Share Buy-backs, the Securities and Futures Ordinance, the Companies Ordinance, the Companies (Winding Up and Miscellaneous
Provisions) Ordinance and any other applicable Laws relating to disclosure of information and reporting obligations, including, without
limitation, the requirements of the Listing Rules&nbsp;on disclosure of price-sensitive information, inside information and notifiable,
connected and other transactions required to be disclosed, and such disclosure and corporate governance controls and procedures are effective
to perform the functions for which they were established and documented properly and the implementation of such disclosure and corporate
governance controls and procedures policies are monitored by the responsible persons (as used herein, the term &ldquo;<B>disclosure and
corporate governance controls and procedures</B>&rdquo; means controls and other procedures that are designed to ensure that information
required to be disclosed by the Company, including, without limitation, information in reports that it files or submits under any applicable
Law, price-sensitive information, inside information (as defined in Part&nbsp;XIV of the Securities and Futures Ordinance) and information
on notifiable, connected and other transactions required to be disclosed, is recorded, processed, summarized and reported, in a timely
manner and in any event within the time period required by applicable Law).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.4</FONT></TD><TD STYLE="text-align: justify">Any issues or deficiencies identified and as disclosed in any internal control report prepared by the
Internal Control Consultant have been rectified or improved in accordance with the recommendations set out in the internal control report
to a sufficient standard or level for the operation and maintenance of efficient systems of internal accounting and financial reporting
controls and disclosure and corporate governance controls and procedures that are effective to perform the functions for which they were
established and to allow compliance by the Company and its board of directors with all applicable Laws, and no such issues have materially
and adversely affected, or could reasonably be expected to materially and adversely affect, such controls and procedures or such ability
to comply with all applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.5</FONT></TD><TD STYLE="text-align: justify">The statutory books, books of account and other records of whatsoever kind of each member of the Group
are in the proper possession, updated in a timely manner and contain complete and accurate records as required by Laws to be dealt with
in such books and no notice or allegation on the accuracy and rectification has been received; all accounts, documents and returns required
by Laws to be delivered or made to the Registrar of Companies in Hong Kong, SFC or any other Authority in any jurisdiction have been duly
and correctly delivered or made.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>16</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Compliance with bribery, money laundering and sanctions Laws</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.1</FONT></TD><TD STYLE="text-align: justify">Neither the Company, nor any other member of the Group, nor any director, officer or employee of the Company
or any other member of the Group, nor, to the best knowledge of the Company, any person acting on behalf of any of them, is aware of or
has, directly or indirectly, (A)&nbsp;used any funds for any unlawful contribution, entertainment, payment, gift of funds, property or
other unlawful expenses to any public official (as defined below) or relating to any political activity, in any jurisdiction; (B)&nbsp;made,
or taken any action in furtherance of, an offer, promise or authorization of any bribe, rebate, payoff, influence payment, kickback or
other unlawful payment to any public official or relating to any political activity in any jurisdiction;(C), taken any action that would
result in a violation by such persons of any applicable anti-bribery Laws, including, but not limited to, the U.S. Foreign Corrupt Practices
Act of 1977, as amended, and the rules&nbsp;and regulations thereunder, or any applicable Laws or regulation implementing the OECD Convention
on Combating Bribery of Foreign Public Officials in International Business Transactions, or committed an offence under the United Kingdom
Bribery Act 2010, or any other applicable anti-bribery or anti-corruption Laws; or (D)&nbsp;made, offered, agreed, requested or taken
an act in furtherance of any unlawful bribe or other unlawful benefit, including, without limitation, any rebate, payoff, influence payment,
kickback or other unlawful or improper payment or benefit to other third parties, including but not limited to joint venture partners,
principal suppliers, contractors, manufacturers, customers, partners or distributors (as used herein, &ldquo;<B>public official</B>&rdquo;
includes any official, agent, employee or representative of, or any person acting in an official capacity on behalf of, any of the following
parties: a national, supranational, regional or local Authority, an agency, department or instrumentality of a government, a judicial
body, a public international organization, a political party, a body that exercises regulatory authority over any one of the Joint Sponsors
or Underwriters, or a government owned or controlled entity (an entity with an aggregate 25% or more government ownership or controlled
by any one of the foregoing parties); and also includes any candidate for public office or for any political party position and any member
of any royal or ruling family; the definition of &ldquo;<B>public official</B>&rdquo; further includes immediate family members and close
associates of all parties mentioned above). The Company will not directly or indirectly, use the proceeds from the Global Offering, or
lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner, principal suppliers, contractors,
customers, partners or distributors or other person or entity for matters identified in clauses (A)&nbsp;through (D)&nbsp;above. The Company
and the other members of the Group and their respective affiliates have instituted, maintain and enforce and will continue to maintain
and enforce policies and procedures designed to ensure continued compliance with all applicable anti-bribery and anti-corruption Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;Neither the Company nor any other member of the Group, nor any of their respective directors,
officers, employees, nor, to the best knowledge of the Company after due and careful enquiry, any agent, affiliate, representative or
other person associated with or acting on behalf of the Company or any other member of the Group, is or undertakes any business with an
individual or entity (&ldquo;<B>Person</B>&rdquo;) that is, or is owned or controlled by a Person that is (i)&nbsp;the subject or the
target of any sanctions or export control measures administered or enforced by the U.S. Government, (including, without limitation, the
Office of Foreign Assets Control of the U.S. Department of the Treasury (&ldquo;<B>OFAC</B>&rdquo;) or the U.S. Department of State including,
without limitation, the designation as a &ldquo;specially designated national&rdquo; or &ldquo;blocked person&rdquo;), the U.S. Department
of Commerce&rsquo;s Bureau of Industry and Security (&ldquo;<B>BIS</B>&rdquo;) the United Nations Security Council (&ldquo;<B>UNSC</B>&rdquo;),
the European Union, Her Majesty&rsquo;s Treasury (&ldquo;<B>HMT</B>&rdquo;), the Swiss State Secretariat for Economic Affairs (&ldquo;<B>SECO</B>&rdquo;),
the Monetary Authority of Singapore (&ldquo;<B>MAS</B>&rdquo;), the Hong Kong Monetary Authority (&ldquo;<B>HKMA</B>&rdquo;), or other
relevant sanctions authority (collectively, &ldquo;<B>Sanctions</B>&rdquo;), or (ii)&nbsp;located, organized or resident in a country,
region or territory that is, or whose government is, the subject or the target of Sanctions, including, without limitation, Crimea, the
Donetsk or Luhansk Regions, Cuba,&nbsp;Iran, Russia, North Korea, Sudan and Syria (each, a &ldquo;<B>Sanctioned Country</B>&rdquo;); and
the Company and the other members of the Group have not engaged in (except as disclosed in each of the Hong Kong Prospectus, the Application
Proof, the PHIP, the Registration Statement, the Pricing Disclosure Package and the Prospectus), are not now engaged in, and will not
engage in, any dealings or transactions with any person that at the time of the dealing or transaction is or was, or whose government
was, the subject or the target of Sanctions or with or in the territory of any Sanctioned Country; (B)&nbsp;the Company will use the proceeds
of the offering of the securities hereunder and thereunder exclusively in the manner set forth in the section headed &ldquo;Future Plans
and Use of Proceeds&rdquo; in the Hong Kong Prospectus, the Application Proof, the PHIP and in the section headed &ldquo;Use of Proceeds&rdquo;
in the Registration Statement, the Pricing Disclosure Package and the Prospectus; the Company will not, directly or indirectly, use the
proceeds from the Global Offering, or lend, contribute or otherwise make available such proceeds to any subsidiary, joint venture partner,
principal suppliers, contractors, customers, partners or distributors or other person or entity (i)&nbsp;to fund or facilitate any activities
of or business with any person that at the time of such funding or facilitation is, or whose government is, the subject or the target
of Sanctions, (ii)&nbsp;to fund or facilitate any activities of or business in any Sanctioned Country or (iii)&nbsp;in any other manner
that will result in a violation by any person (including any person participating in the transaction, whether as underwriter, advisor,
investor or otherwise) of Sanctions; (C)&nbsp;the Company is not controlled (within the meaning of the Executive Orders or regulations
promulgating such Sanctions or the Laws authorizing such promulgation) by any such government or person; and (D)&nbsp;the Company has
implemented and maintains internal controls and procedures to monitor and audit transactions that are reasonably designed to detect and
prevent any use of the proceeds from the Global Offering that is inconsistent with any of the Company&rsquo;s representations and obligations
in this clause 16.2 or any description in the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing
Disclosure Package and the Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.3</FONT></TD><TD STYLE="text-align: justify">The operations of the Company and the other members of the Group are and have been conducted at all times
in compliance in all material respects with all applicable financial recordkeeping and reporting requirements, including those of the
Currency and Foreign Transactions Reporting Act of 1970, as amended, the applicable anti-money laundering laws, including, but not limited
to, the Bank Secrecy Act of 1970, as amended by the USA PATRIOT ACT of 2001, the Organized and Serious Crimes Ordinance (Chapter 455 of
the Laws of Hong Kong) and the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) Ordinance (Chapter 615 of
the Laws of Hong Kong), and the anti-money laundering statutes of all jurisdictions where the Company or any other member of the Group
conducts business, and the rules&nbsp;and regulations thereunder and any related or similar Laws issued, administered or enforced by any
Authority (collectively, the &ldquo;<B>Anti-Money Laundering Laws</B>&rdquo;) and no action, suit or proceeding by or before any Authority
involving the Company or any other member of the Group with respect to the Anti-Money Laundering Laws is pending or, to the best knowledge
of the Company, threatened.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.4</FONT></TD><TD STYLE="text-align: justify">None of the issue and sale of the Offer Shares, the execution, delivery and performance of the Transaction
Documents, the consummation of any transaction contemplated by the Transactions Documents, or the provision of services contemplated by
this Agreement or the International Underwriting Agreement to the Company will result in a violation of any of the Anti-Money Laundering
Laws or Sanctions.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>17</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Experts</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.1</FONT></TD><TD STYLE="text-align: justify">Each of the Reporting Accountants, the Industry Consultant, the Internal Control Consultant, the Property
Valuer and all legal counsels to the Company is independent of the Company (as determined by reference to Rule&nbsp;3A.07 of the Listing
Rules) and is able to form and report on its views free from any conflict of interest and has granted its consent to including its report,
opinions, letters or certificates (as the case may be) in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP and has not withdrawn its consent.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.2</FONT></TD><TD STYLE="text-align: justify">(A)&nbsp;The factual contents of the reports, opinions, letters or certificates of the Reporting Accountants,
the Industry Consultant, the Internal Control Consultant, the Property Valuer and all legal counsels to the Company, respectively, are
and will remain complete, true and accurate in all material respects (and where such information is subsequently amended, updated or replaced,
such amended, updated or replaced information is complete, true and accurate in all material respects) and no material fact or matter
has been omitted therefrom which would make the contents of any of such reports, opinions, letters or certificates misleading, and the
opinions attributed to the Directors in such reports, opinions, letters or certificates are held in good faith based upon facts within
their best knowledge, and none of the Company and the Directors disagree with any aspect of such opinions, reports, letters or certificates;
and (B)&nbsp;no material information was withheld from the Reporting Accountants, the Industry Consultant, the Internal Control Consultant,
the Property Valuer or any legal counsels to the Company, as applicable, for the purposes of its preparation of its report, opinion, letter
or certificate, whether or not contained in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, and all information given to each of the foregoing persons for such purposes was given
in good faith and there is no other information which has not been provided the result of which would make the information so received
misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>18</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Provision of information to research analysts</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">18.1</FONT></TD><TD STYLE="text-align: justify">None of the Company, any member of the Group and/or any of their respective directors, officers, employees,
or to the best of the Company&rsquo;s knowledge, their respective affiliates, representatives and/or agents, has (whether directly or
indirectly, formally or informally, in writing or verbally) provided to any research analyst any material information, including forward
looking information (whether qualitative or quantitative) concerning the Company or any member of the Group that is not, or is not reasonably
expected to be, included in each of the Hong Kong Prospectus, the Application Proof, the PHIP, the Registration Statement, the Pricing
Disclosure Package and the Prospectus or publicly available.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>19</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Material contracts and connected transactions</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.1</FONT></TD><TD STYLE="text-align: justify">All material contracts or agreements entered into within two (2)&nbsp;years of the date of the Hong Kong
Prospectus (other than contracts entered into in the ordinary course of business) to which the Company or any of the other members of
the Group is a party and which are required to be disclosed as material contracts in each of the Hong Kong Prospectus, the Registration
Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP or filed therewith or filed as material
contracts with the Registrar of Companies in Hong Kong (the &ldquo;<B>material contracts</B>&rdquo;) have been so disclosed and filed,
in their entirety, without omission or redaction unless a certificate of exemption has been granted by the SFC; no material contracts
which have not been so disclosed and filed will, without the written consent of the Joint Sponsors and the Joint Global Coordinators,
be entered into, nor will the terms of any material contracts so disclosed and filed be changed, prior to or on the Listing Date; neither
the Company, any other member of the Group, nor any other party to any material contract, has sent or received any notice or communication
regarding termination of, or intent not to renew, any such material contract, and no such termination or non-renewal has been threatened
by the Company, any other member of the Group or, to the best of the Company&rsquo;s knowledge, any other party to any such material contract.
All contracts or agreements material to the business, properties or assets of the Company are valid, binding and enforceable and in compliance
with Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.2</FONT></TD><TD STYLE="text-align: justify">Except as otherwise disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing
Disclosure Package, the Prospectus, the Application Proof and the PHIP, neither the Company nor any other member of the Group has entered
into any contract, agreement, letter of intent or memorandum of understanding in relation to a merger or consolidation or an establishment,
acquisition or disposition of assets, technologies, business units or businesses, joint venture, or strategic cooperation.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.3</FONT></TD><TD STYLE="text-align: justify">Each of the contracts listed as being material contracts in the section of the Hong Kong Prospectus, the
Application Proof and the PHIP headed &ldquo;Appendix V &ndash; Statutory and General Information &ndash; B. Further Information about
the business &ndash; 1. Summary of Material Contracts&rdquo; and filed as exhibits to the Registration Statement has been duly authorized,
executed and delivered and is legal, valid, binding and enforceable in accordance with its terms.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.4</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure
Package, the Prospectus, the Application Proof and the PHIP, none of the Company and the other members of the Group has any material capital
commitment, or is, or has been, party to any unusual, long-term or onerous commitments, contracts or arrangements not on an arm&rsquo;s
length basis in the ordinary and usual course of business (for these purposes, a long-term contract, commitment, or arrangement is one
which is unlikely to have been fully performed in accordance with its terms more than six months after the date it was entered into or
undertaken or is incapable of termination by either the Company or any other member of the Group (as relevant) on six months&rsquo; notice
or less).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 101; Value: 2 -->
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.5</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group is a party to any agreement or arrangement which
prevents or restricts it in any way from carrying on business in any jurisdiction, or is subject to any non-competition or other similar
restrictions or arrangements relating to any business or service anywhere in the world, except for any such agreement or arrangement that
would not, individually or in the aggregate, result in a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.6</FONT></TD><TD STYLE="text-align: justify">To the best knowledge of the Company, no partner, distributor, third-party contractor, manufacturer, customer
or supplier of the Group has failed to comply with Company&rsquo;s code of conduct applicable to such persons or is considering ceasing
to deal with the Company or the other members of the Group or reducing the extent or value of its dealings with the Company or the other
members of the Group, which would, or is likely to, individually or in the aggregate, result in a Material Adverse Effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.7</FONT></TD><TD STYLE="text-align: justify">Neither the Company nor any of the other members of the Group is engaged in any trading activities involving
commodity contracts or other trading contracts which are not currently traded on a securities or commodities exchange and for which the
market value cannot be determined.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.8</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group is a party to any agreement or arrangement or is
carrying on any practice (A)&nbsp;which in whole or in part contravenes or is invalidated by any anti-trust, anti-monopoly, competition,
fair trading, consumer protection or similar Laws in any jurisdiction where the Company or any of the other members of the Group has assets
or carries on business, or (B)&nbsp;in respect of which any filing, registration or notification is required or is advisable pursuant
to such Laws (whether or not the same has in fact been made).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.9</FONT></TD><TD STYLE="text-align: justify">In respect of the connected transactions (as defined in the Listing Rules) of the Company (the &ldquo;<B>Connected
Transactions</B>&rdquo;), (A)&nbsp;the statements set forth in each of the Hong Kong Prospectus, the Registration Statement, the Pricing
Disclosure Package, the Prospectus, the Application Proof and the PHIP relating to the Connected Transactions are complete, true and accurate
in all material respects, and there are no facts or matters the omission of which would make any such statements misleading, and there
are no other Connected Transactions which have not been disclosed in each of the Hong Kong Prospectus, the Registration Statement, the
Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP; (B)&nbsp;the Connected Transactions disclosed in each
of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the
PHIP have been entered into and carried out, and will be carried out, in the ordinary course of business and on normal commercial terms
and are fair and reasonable and in the interests of the Company and the shareholders of the Company, and the Directors, including, without
limitation, the independent non-executive Directors, in coming to their view have made due, careful and proper inquiries and investigations
of such Connected Transactions; (C)&nbsp;the Company has complied with and will continue to comply with the terms of the Connected Transactions
disclosed in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP so long as the agreement or arrangement relating thereto is in effect, and shall inform the Joint Sponsors and the
Joint Global Coordinators promptly should there be any breach of any such terms before or after the listing of the Shares on the Stock
Exchange; (D)&nbsp;the Connected Transactions and each of the related agreements as disclosed in each of the Hong Kong Prospectus, the
Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP has been duly authorized, executed
and delivered, constitutes a legal, valid and binding agreement or undertaking of the parties thereto, enforceable in accordance with
its terms, and is in full force and effect; (E)&nbsp;each of the Connected Transactions disclosed in each of the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP was and will be carried
out by the Group in compliance with all applicable Laws; and (F)&nbsp;the Directors are of the view that the Connected Transactions disclosed
in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof
and the PHIP are and will remain exempt from the reporting, annual review, announcement and independent shareholders&rsquo; approval requirements
under the Listing Rules.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.10</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, no material indebtedness (actual or contingent) and no material contract, agreement
or arrangement (other than employment contracts or service agreements with current directors or officers of the Company or of any other
member of the Group) is or will be outstanding between the Company or the relevant member of the Group, on the one hand, and any affiliate,
substantial shareholder, current or former director or officer of the Company or any member of the Group, or any associate (as the term
is defined in the Listing Rules) of any of the foregoing persons, on the other hand.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.11</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, neither the Controlling Shareholders, nor any of the directors or officers of any
member of the Group or any of their respective associates (as the term is defined in the Listing Rules), either alone or in conjunction
with or on behalf of any other person, is interested in any business that competes or is likely to compete, directly or indirectly, with
the business of any member of the Group, nor is any of the Controlling Shareholders, any of the directors or officers of any member of
the Group or any of their respective associates, interested, directly or indirectly, in any assets which have since the date two years
immediately preceding the date of the Hong Kong Prospectus been acquired or disposed of by or leased to either the Company or any other
member of the Group. Neither the Controlling Shareholders, nor any of the directors or officers of any member of the Group or any of their
respective associates (as the term is defined in the Listing Rules), is or will be interested in any agreement or arrangement with the
Company or any other member of the Group which is subsisting on the Listing Date and which is material to the business of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.12</FONT></TD><TD STYLE="text-align: justify">To the best knowledge of the Company, none of the Directors has revoked or withdrawn the authority and
confirmations in the responsibility letter, statement of interests and power of attorney issued by him to the Company and the Joint Sponsors,
and such authority and confirmations remain in full force and effect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 103; Value: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.13</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">Except as disclosed in the Hong Kong Prospectus,
the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application Proof and the PHIP, </FONT>there are no relationships
or transactions not in the ordinary course of business or not on arm&rsquo;s length basis between the Company or any other member of the
Group, on one hand, and their respective customers or suppliers, partners or distributors, manufacturers or contractors, on the other
hand.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>20</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Taxation</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">20.1</FONT></TD><TD STYLE="text-align: justify">Each of the members of the Group has timely paid all material amounts of Taxes due or claimed to be due,
and timely complied with all applicable Laws and requirements for returns, reports or filings for Taxation purposes required to be filed
in the jurisdictions where the Company or any of the other members of the Group are incorporated, managed or engaged in business; all
such returns, reports or filings have been made up to date, are complete, true and accurate in all material respects and not misleading,
and are not the subject of any dispute, except for Taxes currently being contested in good faith and by appropriate proceedings, with
any taxing or other Authority and as to which adequate reserves have been provided; the provisions or reserves (if any) made in the audited
consolidated financial statements included or incorporated by reference in the Registration Statement, the Pricing Disclosure Package
and the Prospectus included appropriate provisions required under the IFRS or GAAP, as applicable, for all Taxation in respect of accounting
periods ended on or before the accounting reference date to which such audited accounts relate for which the Company and any other member
of the Group was then or would reasonably be expected thereafter to become liable; there is no deficiency for any Taxes of any amount
that has been asserted against the Company or any of the other members of the Group that would be reasonably anticipated to give rise
to a liability in excess of any reserves established with respect to Taxes; the statements set forth in the sections of each of the Hong
Kong Prospectus, the Application Proof and the PHIP headed &ldquo;Appendix IV - Summary of the Constitution of the Company and Cayman
Islands Company Law &ndash; 19. Taxation&rdquo; and in the section of the Registration Statement, the Pricing Disclosure Package and the
Prospectus headed &ldquo;Taxation&rdquo; are complete, true and accurate in all material respects and not misleading.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">20.2</FONT></TD><TD STYLE="text-align: justify">Each of the waivers and other relief, concession and preferential treatment relating to Taxes granted
to the Company or any of the other members of the Group by any Authority is valid, binding and enforceable and in full force and effect,
and does not and will not conflict with, or result in a breach or violation of, or constitute a default under any applicable Laws.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">20.3</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, no stamp, registration, value-added, issuance, transfer or similar Taxes and no capital
gains, income, withholding or other Taxes are payable by or on behalf of the Company or any of the other members of the Group in Hong
Kong, the United States, the Cayman Islands, the PRC, or other relevant jurisdictions, or to any taxing or other Authority thereof or
therein in connection with (A)&nbsp;the execution, delivery, performance or enforcement of the Transaction Documents or the Stock Borrowing
Agreement (if applicable), or the consummation of the transactions contemplated by the Transaction Documents or the Stock Borrowing Agreement
(if applicable); (B)&nbsp;the creation, allotment and issuance of the Offer Shares, (C)&nbsp;the offer, sale and delivery of the Offer
Shares by the Company, or (D)&nbsp;the deposit of the Offer Shares with the HKSCC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 104; Value: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">20.4</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP and save for any Trading Fee, Transaction Levy and stamp duty payable in connection
with on-market purchases of Shares conducted by the Stabilizing Manager and any subsequent transfer of such Shares to the lender thereof,
no transaction tax, issue tax, stamp duty or other issuance, capital, value-added, documentary or transfer Taxes or duties and no capital
gains, income, withholding or other Taxes are or will be payable by or on behalf of the Underwriters, or otherwise imposed on any payments
made to the Underwriters in connection with (A)&nbsp;the issuance of the Offer Shares by the Company to the Underwriters; (B)&nbsp;the
sale and delivery of the Offer Shares by the Underwriters; (C)&nbsp;the execution, delivery, performance and admission in court proceedings
of this Agreement and the International Underwriting Agreement and the consummation of the transactions contemplated hereby and thereby;
(D)&nbsp;any subsequent transfer of, or agreement to transfer, the Offer Shares through the facilities of the HKSCC (including such transfers
to purchasers procured by the International Underwriters); or (E)&nbsp;deposit of the Offer Shares with the HKSCC.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>21</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Dividends</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">21.1</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, all dividends and other distributions declared and payable to the shareholders of
the Group are not subject to, and may be paid freely and clear of and without deduction for or on account of, any withholding or other
Taxes imposed, assessed or levied by or under the Laws of Hong Kong, the Cayman Islands, the PRC or the United States or any other relevant
jurisdiction or any taxing or other Authority thereof or therein.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">21.2</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, no member of the Group is currently prohibited, directly or indirectly, from paying
any dividends to the Company, from making any other distribution on the capital stock or other equity interests of or in such member of
the Group, from repaying to the Company any loans or advances to such member of the Group from the Company or from transferring any of
the properties or assets of such member of the Group to the Company or any other member of the Group. Each member of the Group has full
power and authority to freely pay, transfer and remit funds out of such member&rsquo;s jurisdiction of incorporation or tax residence
in respect of any such dividend, distribution or repayment in United States dollars, Hong Kong dollars or other freely exchangeable currency
without the need of obtaining any Approvals and Filings.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>22</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Litigation and other proceedings</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">22.1</FONT></TD><TD STYLE="text-align: justify">Except as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, there are (A)&nbsp;no actions, suits, proceedings, investigations or inquiries in
any jurisdiction or under any Laws or by or before any Authority pending or, to the best knowledge of the Company, threatened or contemplated
to which any member of the Group or any of their respective directors, officers or employees is or may be a party or to which any of their
respective properties or assets is or may be subject, at law or in equity, or before or by any Authority, whether or not arising from
transactions in the ordinary course of business, (B)&nbsp;no Laws that have been enacted, adopted or issued or, to the best knowledge
of the Company, that has been proposed by any Authority, and (C)&nbsp;no judgments, decrees or orders of any Authority, to which any member
of the Group or any of their respective directors, officers or employees is or may be a party or to which any of their respective properties
or assets is or may be subject, which, in any such case described in clause (A), (B)&nbsp;or (C)&nbsp;above, would, or could reasonably
be expected to, result in, individually or in the aggregate, a Material Adverse Effect or materially and adversely affect the power or
ability of the Company to perform its obligations under the Transaction Documents, to offer, sell and deliver the Offer Shares or to consummate
the transactions contemplated by the Transaction Documents or otherwise materially and adversely affect the Global Offering, or are required
to be described in any of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP but are not so described.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">22.2</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group, nor, to the best knowledge of the Company, any
person acting on behalf of any of them, has taken any action, nor have any steps been taken or any actions, suits or proceedings under
any Laws been started or threatened, to (A)&nbsp;wind up, liquidate, dissolve, make dormant or eliminate or declare insolvent any member
of the Group, (B)&nbsp;to withdraw, revoke or cancel any Approvals and Filings under any Laws applicable to, or from or with any Authority
having jurisdiction over any member of the Group or any of its properties or assets, or otherwise from or with any other persons, required
in order to conduct the business of any member of the Group, or (C)&nbsp;to bring an adverse effect on the completion of the Global Offering.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">22.3</FONT></TD><TD STYLE="text-align: justify">No member of the Group which is a party to a joint venture or shareholders&rsquo; agreement is in material
dispute with the other parties to such joint venture or shareholders&rsquo; agreement and, to the best knowledge of the Company, there
are no circumstances which may give rise to any dispute or affect the relevant member&rsquo;s relationship with such other parties in
any material respect.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>23</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Market conduct</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.1</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group and their respective directors, officers, employees,
agents, representatives, affiliates or controlling persons, nor any person acting on behalf of any of them, has, at any time prior to
the date of this Agreement, done or engaged in, or will, until the Joint Global Coordinators have notified the Company of the completion
of the distribution of the Offer Shares, do or engage in, directly or indirectly, any act or course of conduct (A)&nbsp;which creates
a false or misleading impression as to the market in or the value of the Shares and any associated securities, (B)&nbsp;the purpose of
which is to create actual, or apparent, active trading in or to raise the price of the Shares, or (C)&nbsp;result in a violation of Regulation
M under the Exchange Act. For the avoidance of doubt, the appointment of the Stabilization Manager or otherwise pursuant to the Over-allotment
Option as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the Prospectus, the Application
Proof and the PHIP do not constitute such act or course of conduct.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.2</FONT></TD><TD STYLE="text-align: justify">None of the Company and the other members of the Group and their respective directors, officers, employees,
agents, representatives, affiliates or controlling persons, nor any person acting on behalf of any of them, (A)&nbsp;has taken or facilitated
or will take or facilitate, directly or indirectly, any action which is designed to or which has constituted or which might reasonably
be expected to cause or result in stabilization or manipulation of the price of any security of the Company to facilitate the sale or
resale of any security of the Company or otherwise, (B)&nbsp;has taken or will take, directly or indirectly, any action which would constitute
a violation of any applicable Laws, including the market misconduct provisions of Parts XIII and XIV of the Securities and Futures Ordinance
and the Regulation M under the Exchange Act; or (C)&nbsp;has taken or will take or has omitted to take or will omit to take, directly
or indirectly, any action which may result in the loss by any of the Underwriters or any person acting for them as the stabilization manager
of the ability to rely on any stabilization safe harbor provided by the Securities and Futures (Price Stabilizing) Rules&nbsp;under the
Securities and Futures Ordinance or otherwise. For the avoidance of doubt, the appointment of the Stabilizing Manager or otherwise pursuant
to the Over-allotment Option as disclosed in the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package, the
Prospectus, the Application Proof and the PHIP do not constitute such action as described above.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>24</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Immunity</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">24.1</FONT></TD><TD STYLE="text-align: justify">Under the Laws of Hong Kong, the Cayman Islands, the United States, the PRC or any other relevant jurisdiction,
neither the Company nor the other members of the Group, nor any of the properties, assets or revenues of the Company or the other members
of the Group is entitled to any right of immunity on any grounds from any action, suit or proceeding (including, without limitation, arbitration
proceedings), from set-off or counterclaim, from the jurisdiction of any court, from service of process, from attachment to or in aid
of execution of judgment, or from other action, suit or proceeding for the giving of any relief or for the enforcement of any judgment
or any arbitral award.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>25</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Further Undertakings</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps">25.1</FONT></TD><TD STYLE="text-align: justify">As of the date hereof, the issued share capital comprises Class&nbsp;A ordinary shares and Class&nbsp;B
ordinary shares. Upon the Listing, the Company will not have a weighted voting rights structure and all Class&nbsp;B ordinary shares will
be converted and re-designed as Ordinary Shares without any super-voting rights.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>26</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>Choice of law and dispute resolution</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">26.1</FONT></TD><TD STYLE="text-align: justify">The choice of law provisions set forth in this Agreement or the International Underwriting Agreement will
be recognized and given effect to by the courts of the PRC (subject to applicable PRC laws regarding choice of law and the discretion
of the relevant courts or public policies and other principles to be considered by such courts), Hong Kong, the Cayman Islands and any
other relevant jurisdiction; the Company can sue and be sued in its own name under the Laws of the United States, the PRC, the Cayman
Islands, Hong Kong and any other relevant jurisdiction; the irrevocable submission by the Company to the non-exclusive jurisdiction of
any New York Court (as defined in the International Underwriting Agreement), the waiver by the Company of any objection to the venue of
an action, suit or proceeding in any New York Court, the waiver and agreement not to plead an inconvenient forum, the waiver of all rights
to trial by jury, the irrevocable appointment of the Authorized Agent, the waiver of immunity on the grounds of sovereignty or otherwise,
and the agreement that this Agreement and the International Underwriting Agreement shall be governed by and construed in accordance with
the Laws of the State of New York without regard to any principles of conflict of laws are legal, valid and binding under the Laws of
the PRC, the Cayman Islands, Hong Kong and any other relevant jurisdiction and will be respected by the courts of the PRC (subject to
applicable PRC laws regarding submission to foreign jurisdiction for dispute resolution and the discretion of the relevant courts or public
policies and other principles to be considered by such courts), the Cayman Islands, Hong Kong and any other relevant jurisdiction; service
of process effected in the manner set forth in this Agreement will be effective to confer valid personal jurisdiction over the Company;
any judgment obtained in a New York Court arising out of or in relation to the obligations of the Company under this Agreement will be
recognized and enforced by the courts of the Cayman Islands, Hong Kong and, may be recognized and enforced by the courts of the PRC (subject
to the requirements of the Civil Procedure Law and any other applicable law of the PRC relating to the enforceability of foreign judgments
and the discretion of the relevant courts or public policies and other principles to be considered by such courts).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">26.2</FONT></TD><TD STYLE="text-align: justify">It is not necessary under the Laws of Hong Kong or the Cayman Islands that any of the International Underwriters
or Hong Kong Underwriters should be licensed, qualified or entitled to carry out business in Hong Kong or the Cayman Islands (A)&nbsp;to
enable them to enforce their respective rights under this Agreement or the International Underwriting Agreement or any other document
to be furnished hereunder or thereunder, or (B)&nbsp;solely by reason of the execution, delivery or performance of this Agreement and
the International Underwriting Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>27</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>No other arrangements relating to sale of Offer Shares</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">27.1</FONT></TD><TD STYLE="text-align: justify">Except pursuant to this Agreement and the International Underwriting Agreement, neither the Company nor
any of the other members of the Group has incurred any liability, and, other than the sponsors engagement in connection with the Listing,
there are no contracts, agreements or understandings between the Company or any other member of the Group and any person that would give
rise to a valid claim against the Company or any other member of the Group or the Underwriters, for any finder&rsquo;s or broker&rsquo;s
fee or agent&rsquo;s commission or other payments in connection with the execution and delivery of this Agreement and the International
Underwriting Agreement or the offer and sale of the Offer Shares or the consummation of the transactions contemplated hereby and thereby
or by each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package and the Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">27.2</FONT></TD><TD STYLE="text-align: justify">Neither the Company nor any of the other members of the Group has entered into any contractual arrangement
relating to the offer, sale, distribution or delivery of any Shares other than this Agreement or the International Underwriting Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-variant: small-caps"><B>28</B></FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-variant: small-caps"><B>United States aspects</B></FONT></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.1</FONT></TD><TD STYLE="text-align: justify">The Registration Statement, Pricing Prospectus, Prospectus, any Issuer Free Writing Prospectus , and the
filing of the relevant documents with the Commission have been or will be duly authorized by and on behalf of the Company, and the Registration
Statement have been or will be duly executed pursuant to such authorization by and on behalf of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.2</FONT></TD><TD STYLE="text-align: justify">The Offer Shares have been duly registered under the Securities Act pursuant to the Registration Statement.
Except as disclosed in the Registration Statement, the Pricing Disclosure Package and the Prospectus, there are no persons with registration
rights or other similar rights to have any securities registered for sale pursuant to the Registration Statement or otherwise registered
for sale by the Company under the Securities Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.3</FONT></TD><TD STYLE="text-align: justify">The Company will qualify the Offer Shares for offering and sale under the applicable securities laws of
such states and other jurisdictions (domestic or foreign) as the Joint Global Coordinators may designate and maintain such qualifications
in effect so long as required to complete the distribution of the Offer Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.4</FONT></TD><TD STYLE="text-align: justify">There is and has been no failure on the part of the Company or any other member of the Group or any of
their respective directors or officers, in their capacities as such, to comply with any provision of the Sarbanes-Oxley Act of 2002, as
amended, and the rules&nbsp;and regulations promulgated in connection therewith, including Section&nbsp;402 thereof related to loans and
Sections 302 and 906 thereof related to certifications.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.5</FONT></TD><TD STYLE="text-align: justify">The Company is a &ldquo;foreign private issuer&rdquo; as defined in Rule&nbsp;405 under the Securities
Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.6</FONT></TD><TD STYLE="text-align: justify">Based on the current and anticipated value of the Company's assets and the composition of its income and
assets (taking into account the expected cash proceeds from the offering), including goodwill and other unbooked intangibles, the Company
does not presently expect to be a passive foreign investment company (&ldquo;<B>PFIC</B>&rdquo;) as defined in Section&nbsp;1297 of the
United States Internal Revenue Code of 1986, as amended, for the current taxable year or the foreseeable future.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.7</FONT></TD><TD STYLE="text-align: justify">The Company is not and, after giving effect to the offering and sale of the Offer Shares and the application
of the proceeds thereof as described in each of the Hong Kong Prospectus, the Registration Statement, the Pricing Disclosure Package,
the Prospectus, the Application Proof and the PHIP, will not be an &ldquo;investment company&rdquo; within the meaning of the U.S. Investment
Company Act of 1940, as amended.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.8</FONT></TD><TD STYLE="text-align: justify">There are no debt securities or preferred stock of, or guaranteed by, the Company that are rated by a
 &ldquo;nationally recognized statistical rating organization&rdquo; as such term is defined in Section&nbsp;3(a)(62) of the Exchange Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.9</FONT></TD><TD STYLE="text-align: justify">There are no affiliations or associations between (A)&nbsp;any member of FINRA and (B)&nbsp;the Company
or any of the Company&rsquo;s officers, directors or 5% or greater security holders or any beneficial owner of the Company&rsquo;s unregistered
equity securities that were acquired at any time on or after the 180th day immediately preceding the date the Registration Statement was
first filed with the Commission.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.10</FONT></TD><TD STYLE="text-align: justify">At the time of filing the Registration Statement and any post-effective amendment thereto, and at the
date hereof, the Company was not and is not an &ldquo;ineligible issuer&rdquo; as defined in Rule&nbsp;405 under the Securities Act.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.11</FONT></TD><TD STYLE="text-align: justify">The Company was and is a &ldquo;well-known seasoned issuer&rdquo; (as defined in Rule&nbsp;405 under the
Securities Act) eligible to use the Registration Statement as an automatic shelf registration statement in connection with the offering
of the Offer Shares and the Company has not received notice that the SEC objects to the use of the Registration Statement as an automatic
shelf registration statement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.12</FONT></TD><TD STYLE="text-align: justify">The Company has not been identified as a &ldquo;commission-identified issuers&rdquo; as defined in the
Holding Foreign Companies Accountable Act and the rules&nbsp;and regulations thereunder.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.13</FONT></TD><TD STYLE="text-align: justify">The Company is subject to the reporting requirements of either Section&nbsp;13 or Section&nbsp;15(d)&nbsp;of
the Exchange Act and files and will file timely reports with the Commission on the Electronic Data Gathering, Analysis, and Retrieval
(EDGAR) system.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.14</FONT></TD><TD STYLE="text-align: justify">The interactive data in eXtensible Business Reporting Language included or incorporated by reference in
each of the Registration Statement, the Pricing Disclosure Package and the Prospectus fairly present the information called for and are
prepared in accordance with the Commission&rsquo;s rules&nbsp;and guidelines applicable thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in; text-align: justify">In addition, any certificate signed
by any officer or director of the Company and delivered to the Joint Global Coordinators, the Joint Sponsors, the Joint Bookrunners, the
Joint Lead Managers, the Hong Kong Underwriters and the International Underwriter or any legal counsels to the Hong Kong Underwriters,
the International Underwriters or the Joint Sponsors in connection with the Global Offering shall constitute and be deemed to be a representation
and warranty by the Company as to matters covered thereby, to each of the Joint Global Coordinators, the Joint Sponsors, the Joint Bookrunners,
the Joint Lead Managers, the Hong Kong Underwriters and the International Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Schedule
3</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
CONDITIONS PRECEDENT DOCUMENTS</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Part&nbsp;A</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of the resolutions of the Board:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.1.</TD><TD STYLE="text-align: justify">approving and authorising this Agreement and each of the Operative Documents and such documents as may
be required to be executed by the Company pursuant to each such Operative Document or which are necessary or incidental to the Global
Offering and the execution on behalf of the Company of, and the performance by the Company of its obligations under, each such document;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.2.</TD><TD STYLE="text-align: justify">approving the Global Offering and any issue of Shares pursuant thereto;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.3.</TD><TD STYLE="text-align: justify">approving and authorising the issue of the Hong Kong Public Offering Documents, the Preliminary Prospectus,
Pricing Disclosure Package and the Formal Notice;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.4.</TD><TD STYLE="text-align: justify">approving and authorising the issue and the registration of the Hong Kong Public Offering Documents with
the Registrar of Companies in Hong Kong; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.5.</TD><TD STYLE="text-align: justify">approving the Verification Notes.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: justify">6 printed copies of each of the Hong Kong Public Offering Documents duly signed by two Directors or their
respective duly authorized attorneys and, if signed by their respective duly authorized attorneys, certified true copies of the relevant
powers of attorney.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of each of the responsibility letters, powers of attorney and statements of interests
signed by each of the Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of each of the written confirmation from the Registrar of Companies in Hong Kong
confirming the registration of the Hong Kong Public Offering Documents and the authorization to register the Hong Kong Public Offering
Documents issued by the SEHK.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.</FONT></TD><TD STYLE="text-align: justify">6 signed originals of the Verification Notes duly signed by or on behalf of each person to whom responsibility
is therein assigned (other than the Joint Sponsors and the Joint Global Coordinators).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.</FONT></TD><TD STYLE="text-align: justify">6 signed copies of the accountants&rsquo; report dated the Hong Kong Prospectus Date from the Reporting
Accountants, the text of which is contained in Appendix IA to the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.</FONT></TD><TD STYLE="text-align: justify">6 signed copies of the letter from the Reporting Accountants, dated the Hong Kong Prospectus Date and
addressed to the Company, relating to the unaudited pro forma financial information relating to the adjusted net tangible assets and fully
diluted forecast earnings per Share, the text of which is contained in Appendix II to the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.</FONT></TD><TD STYLE="text-align: justify">6 signed copies of the letter from the Reporting Accountants, dated the Hong Kong Prospectus Date and
addressed to the Company, the Joint Sponsors, the Joint Global Coordinators and the Underwriters, and in form and substance satisfactory
to the Joint Sponsors and the Joint Global Coordinators, which letter shall, <I>inter alia</I>, confirm the indebtedness statement contained
in the Hong Kong Prospectus and comment on the statement contained in the Hong Kong Prospectus as to the sufficiency of the Group&rsquo;s
working capital contained in the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.</FONT></TD><TD STYLE="text-align: justify">6 signed copies of the comfort letter from the Reporting Accountants, dated the date of the Hong Kong
Prospectus and addressed to the Joint Sponsors, the Joint Global Coordinators and the Underwriters, in form and substance satisfactory
to the Joint Sponsors and the Joint Global Coordinators, which letter shall cover, without limitation, the various financial information
disclosed in the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of the memorandum on the profit forecast for the year ending June&nbsp;30, 2022
and 2023 and the working capital forecast for the 15 months ending June&nbsp;30, 2023 approved by the Board.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.</FONT></TD><TD STYLE="text-align: justify">6 signed copies of the legal opinion from JunHe LLP, the Company&rsquo;s legal adviser as to PRC law,
dated the Hong Kong Prospectus Date, addressed to the Company in respect of (i)&nbsp;the properties leased by the Group and (ii)&nbsp;the
establishment, business and legal status of the Group under PRC law, in form and substance satisfactory to the Joint Sponsors and the
Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.</FONT></TD><TD STYLE="text-align: justify">6 signed copies of the legal opinion from JunHe LLP, the Company&rsquo;s legal adviser as to PRC law,
dated the Hong Kong Prospectus Date, addressed to the Company in respect of data security compliance under PRC law, in form and substance
satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">13.</FONT></TD><TD STYLE="text-align: justify">6 signed copies of the legal opinion from Zhong Lun Law Firm, the Underwriters&rsquo; legal adviser as
to PRC law, dated the Hong Kong Prospectus Date, addressed to the Joint Sponsors, the Joint Global Coordinators (for themselves and on
behalf of the Hong Kong Underwriters) and the Underwriters and in respect of (i)&nbsp;the properties leased by the Group and (ii)&nbsp;the
establishment, business and legal status of the Group under PRC law, in form and substance satisfactory to the Joint Sponsors and the
Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">14.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6 signed </FONT>copies of the legal opinion (together
with the due diligence report) from Shardul Amarchand Mangaldas&nbsp;&amp; Co, the Company&rsquo;s legal adviser as to Indian law, dated
the Hong Kong Prospectus Date, addressed to the Company, the Joint Sponsors, the Joint Global Coordinators and the Underwriters, in form
and substance satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">15.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6 signed </FONT>copies of the legal opinion (together
with the due diligence report) from Hiswara Bunjamin&nbsp;&amp; Tandjung, the Company&rsquo;s legal adviser as to Indonesian law, dated
the Hong Kong Prospectus Date, addressed to the Company, the Joint Sponsors, the Joint Global Coordinators and the Underwriters, in form
and substance satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">16.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6 signed </FONT>copies of the legal opinion (together
with the due diligence report) from Fasken Martineau DuMoulin LLP, the Company&rsquo;s legal adviser as to Canadian law, dated the Hong
Kong Prospectus Date, addressed to the Company, the Joint Sponsors, the Joint Global Coordinators and the Underwriters, in form and substance
satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6 signed </FONT>copies of the legal opinion (together
with the due diligence report) from Morgan, Lewis&nbsp;&amp; Bockius LLP, the Company&rsquo;s legal adviser as to United States law, dated
the Hong Kong Prospectus Date, addressed to the Company, the Joint Sponsors, the Joint Global Coordinators and the Underwriters, in form
and substance satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">18.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6 signed </FONT>copies of the legal opinion from
Robertsons, the Company&rsquo;s legal adviser as to Hong Kong law, dated the Hong Kong Prospectus Date, addressed to the Company, the
Joint Sponsors, the Joint Global Coordinators and the Underwriters, in form and substance satisfactory to the Joint Sponsors and the Joint
Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.</FONT></TD><TD STYLE="text-align: justify">6 signed originals or certified true copies of the letter summarizing certain aspects of Cayman Islands
law from Maples and Calder (Hong Kong) LLP, the Company&rsquo;s legal adviser as to Cayman Islands law, dated the Hong Kong Prospectus
Date, addressed to the Company, the Joint Sponsors, the Joint Global Coordinators and the Underwriters, in form and substance satisfactory
to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">20.</FONT></TD><TD STYLE="text-align: justify">6 signed originals of the property valuation report from the Property Valuer, dated the Hong Kong Prospectus
Date, the text of which is contained in Appendix III to the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">21.</FONT></TD><TD STYLE="text-align: justify">6 signed originals of the report from the Industry Consultant, dated the Hong Kong Prospectus Date.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">22.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of the letter from each of the experts stated in the section headed &ldquo;E.
Other Information &ndash; 4. Consents of Experts&rdquo; in Appendix V to the Hong Kong Prospectus, dated the Hong Kong Prospectus Date,
consenting to the issue of the Hong Kong Prospectus with the inclusion of references to them and of their report and letter in the form
and context in which they are included.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.</FONT></TD><TD STYLE="text-align: justify">6 signed originals of the internal control report from the Internal Control Consultant.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">24.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of the Receiving Bank Agreement duly signed by the parties thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">25.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of the Registrar Agreement duly signed by the parties thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">26.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of the Articles of Association.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">27.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of the undertaking from the Controlling Shareholders to the SEHK pursuant to Rule&nbsp;10.08
of the Listing Rules.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">28.</FONT></TD><TD STYLE="text-align: justify">6 certified true copies of the undertaking from the Company to the SEHK pursuant to Rule&nbsp;10.08 of
the Listing Rules.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">29.</FONT></TD><TD STYLE="text-align: justify">6
                                            certified true copies of each of the certificate given by the relevant translator relating
                                            to the translation of the Hong Kong Public Offering Documents and the Formal Notice and a
                                            certificate by Toppan Merrill Limited as to the competency of such translator.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">30.</FONT></TD><TD STYLE="text-align: justify">6
                                            certified true copies of the compliance adviser agreement between the Company and the compliance
                                            adviser.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">31.</FONT></TD><TD STYLE="text-align: justify">6
                                            certified true copies of the service contracts (or the letter of appointment in respect of
                                            the independent non-executive Directors) of each of the Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">32.</FONT></TD><TD STYLE="text-align: justify">6
                                            certified copies of each of the following:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(a)</FONT></TD><TD STYLE="text-align: justify">the
                                            certificate of incorporation of the Company;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(b)</FONT></TD><TD STYLE="text-align: justify">the
                                            certificate of registration of the Company under Part&nbsp;16 of the Companies Ordinance;
                                            and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">(c)</FONT></TD><TD STYLE="text-align: justify">the
                                            current business registration certificate of the Company issued pursuant to the Business
                                            Registration Ordinance (Chapter 310 of the Laws of Hong Kong).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Part&nbsp;B</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of each of the comfort letters from the Reporting Accountants, dated, respectively,
                                            the date of the International Underwriting Agreement and the Listing Date and addressed to
                                            the Joint Global Coordinators, the International Underwriters and Joint Sponsors, in form
                                            and substance satisfactory to the Joint Global Coordinators and the Joint Sponsors, which
                                            letters shall cover, without limitation, the various financial information disclosed in each
                                            of the Preliminary Prospectus, the Pricing Disclosure Package.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the bringdown comfort letter from the Reporting Accountants, dated the
                                            Listing Date and addressed to the Joint Sponsors, the Joint Global Coordinators and the Underwriters,
                                            in form and substance satisfactory to the Joint Sponsors and the Joint Global Coordinators,
                                            which letter shall cover, without limitation, the various financial information disclosed
                                            in the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the accountants&rsquo; report dated the Hong Kong Prospectus Date from
                                            the Reporting Accountants, the text of which is contained in Appendix IA to the Hong Kong
                                            Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">4.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the letter from the Reporting Accountants, dated the Hong Kong Prospectus
                                            Date and addressed to the Company, relating to the unaudited pro forma financial information
                                            relating to the adjusted net tangible assets and fully diluted forecast earnings per Share,
                                            the text of which is contained in Appendix II to the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">5.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the letter from the Reporting Accountants, dated the Hong Kong Prospectus
                                            Date and addressed to the Company, the Joint Sponsors, the Joint Global Coordinators and
                                            the Underwriters, and in form and substance satisfactory to the Joint Sponsors and the Joint
                                            Global Coordinators, which letter shall, <I>inter alia</I>, confirm the indebtedness statement
                                            contained in the Hong Kong Prospectus and comment on the statement contained in the Hong
                                            Kong Prospectus as to the sufficiency of the Group&rsquo;s working capital contained in the
                                            Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">6.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the comfort letter from the Reporting Accountants, dated the date of
                                            the Hong Kong Prospectus and addressed to the Joint Sponsors, the Joint Global Coordinators
                                            and the Underwriters, in form and substance satisfactory to the Joint Sponsors and the Joint
                                            Global Coordinators, which letter shall cover, without limitation, the various financial
                                            information disclosed in the Hong Kong Prospectus.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">7.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the legal opinion from JunHe LLP, the Company&rsquo;s legal adviser as
                                            to PRC law, dated the Hong Kong Prospectus Date, addressed to the Company in respect of (i)&nbsp;the
                                            properties leased by the Group and (ii)&nbsp;the establishment, business and legal status
                                            of the Group under PRC law, in form and substance satisfactory to the Joint Sponsors and
                                            the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">8.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed originals of the legal opinion from </FONT>JunHe LLP, the legal adviser to the Company
                                            as to PRC law, dated the Listing Date, addressed to the Company, in form and substance satisfactory
                                            to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">9.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the legal opinion from JunHe LLP, the Company&rsquo;s legal adviser as
                                            to PRC law, dated the Hong Kong Prospectus Date, addressed to the Company in respect of data
                                            security compliance under PRC law, in form and substance satisfactory to the Joint Sponsors
                                            and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">10.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the legal opinion from JunHe LLP, the Company&rsquo;s legal adviser as
                                            to PRC law, dated the Listing Date, addressed to the Company in respect of data security
                                            compliance under PRC law, in form and substance satisfactory to the Joint Sponsors and the
                                            Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">11.</FONT></TD><TD STYLE="text-align: justify">6
                                            signed originals of the legal opinion from Zhong Lun Law Firm, the Underwriters&rsquo; legal
                                            adviser as to PRC law, dated the Hong Kong Prospectus Date, addressed to the Joint Sponsors,
                                            the Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters)
                                            and the Underwriters and in respect of (i)&nbsp;the properties leased by the Group and (ii)&nbsp;the
                                            establishment, business and legal status of the Group under PRC law, in form and substance
                                            satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">12.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed originals of the legal opinion from </FONT>Zhong Lun Law Firm, the Underwriters&rsquo;
                                            legal adviser as to PRC law, dated the Listing Date, addressed to the Joint Sponsors, the
                                            Joint Global Coordinators (for themselves and on behalf of the Hong Kong Underwriters) and
                                            the Underwriters, in form and substance satisfactory to the Joint Sponsors and the Joint
                                            Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">13.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed originals of the legal opinion from Maples and Calder (Hong Kong) LLP, the legal adviser
                                            to the Company as to Cayman Islands law, dated the Listing Date, addressed to the Company,
                                            the Joint Sponsors, the Joint Global Coordinators (for themselves and on behalf of the Hong
                                            Kong Underwriters)</FONT> and the Underwriters, in form and substance satisfactory to the
                                            Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">14.</TD><TD STYLE="text-align: justify">6 signed originals of the legal opinion from
                                            Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom, the legal adviser to the Company as to United
                                            States law, dated the Listing Date, addressed to the Company, the Joint Sponsors, the Joint
                                            Global Coordinators and the Underwriters, in form and substance satisfactory to the Joint
                                            Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">15.</TD><TD STYLE="text-align: justify">6 signed originals of the disclosure letter
                                            from Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom, the legal adviser to the Company as to
                                            United States law, dated the Listing Date, addressed to the Company, the Joint Sponsors,
                                            the Joint Global Coordinators and the Underwriters, in the form and substance satisfactory
                                            to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">16.</TD><TD STYLE="text-align: justify">6 signed originals of the legal opinion from
                                            Skadden, Arps, Slate, Meagher&nbsp;&amp; Flom, the legal adviser to the Company as to Hong
                                            Kong law, dated the Listing Date, addressed to the Company, the Joint Sponsors, the Joint
                                            Global Coordinators and the Underwriters, in form and substance satisfactory to the Joint
                                            Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">17.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed </FONT>originals of the legal opinion (together with the due diligence report) from
                                            Shardul Amarchand Mangaldas&nbsp;&amp; Co, the Company&rsquo;s legal adviser as to Indian
                                            law, dated the Hong Kong Prospectus Date, addressed to the Company, the Joint Sponsors, the
                                            Joint Global Coordinators and the Underwriters, in form and substance satisfactory to the
                                            Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">18.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed originals of the legal opinion </FONT>(together with the due diligence report) from
                                            Shardul Amarchand Mangaldas&nbsp;&amp; Co, the Company&rsquo;s legal adviser as to Indian
                                            law, dated the Listing Date, addressed to the Company, the Joint Sponsors, the Joint Global
                                            Coordinators and the Underwriters, in form and substance satisfactory to the Joint Sponsors
                                            and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">19.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed </FONT>originals of the legal opinion (together with the due diligence report) from
                                            Hiswara Bunjamin&nbsp;&amp; Tandjung, the Company&rsquo;s legal adviser as to Indonesian
                                            law, dated the Hong Kong Prospectus Date, addressed to the Company, the Joint Sponsors, the
                                            Joint Global Coordinators and the Underwriters, in form and substance satisfactory to the
                                            Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">20.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed originals of the legal opinion </FONT>(together with the due diligence report) from
                                            Hiswara Bunjamin&nbsp;&amp; Tandjung, the Company&rsquo;s legal adviser as to Indonesian
                                            law, dated the Listing Date, addressed to the Company, the Joint Sponsors, the Joint Global
                                            Coordinators and the Underwriters, in form and substance satisfactory to the Joint Sponsors
                                            and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">21.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed </FONT>originals of the legal opinion (together with the due diligence report) from
                                            Fasken Martineau DuMoulin LLP, the Company&rsquo;s legal adviser as to Canadian law, dated
                                            the Hong Kong Prospectus Date, addressed to the Company, the Joint Sponsors, the Joint Global
                                            Coordinators and the Underwriters, in form and substance satisfactory to the Joint Sponsors
                                            and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">22.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed originals of the legal opinion </FONT>(together with the due diligence report) from
                                            Fasken Martineau DuMoulin LLP, the Company&rsquo;s legal adviser as to Canadian law, dated
                                            the Listing Date, addressed to the Company, the Joint Sponsors, the Joint Global Coordinators
                                            and the Underwriters, in form and substance satisfactory to the Joint Sponsors and the Joint
                                            Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">33.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed </FONT>originals of the legal opinion (together with the due diligence report) from
                                            Morgan, Lewis&nbsp;&amp; Bockius LLP, the Company&rsquo;s legal adviser as to United States
                                            law, dated the Hong Kong Prospectus Date, addressed to the Company, the Joint Sponsors, the
                                            Joint Global Coordinators and the Underwriters, in form and substance satisfactory to the
                                            Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">23.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed originals of the legal opinion </FONT>(together with the due diligence report) from
                                            Morgan, Lewis&nbsp;&amp; Bockius LLP, the Company&rsquo;s legal adviser as to United States
                                            law, dated the Listing Date, addressed to the Company, the Joint Sponsors, the Joint Global
                                            Coordinators and the Underwriters, in form and substance satisfactory to the Joint Sponsors
                                            and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">24.</FONT></TD><TD STYLE="text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">6
                                            signed </FONT>originals of the legal opinion from Robertsons, the Company&rsquo;s legal adviser
                                            as to Hong Kong law, dated the Hong Kong Prospectus Date, addressed to the Company, the Joint
                                            Sponsors, the Joint Global Coordinators and the Underwriters, in form and substance satisfactory
                                            to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">25.</TD><TD STYLE="text-align: justify">6 signed originals of the legal opinion from
                                            Robertsons, the Company&rsquo;s legal adviser as to Hong Kong law, dated the Listing Date,
                                            addressed to the Company, the Joint Sponsors, the Joint Global Coordinators and the Underwriters,
                                            in form and substance satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">26.</TD><TD STYLE="text-align: justify">6 signed originals of the legal opinion of
                                            Sidley Austin, the Underwriters&rsquo; legal adviser as to United States law, dated the Listing
                                            Date, addressed to the Joint Sponsors, the Joint Global Coordinators and the Underwriters,
                                            in form and substance satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">27.</TD><TD STYLE="text-align: justify">6 signed originals of the disclosure letter
                                            from Sidley Austin, the Underwriters&rsquo; legal adviser as to United States law, dated
                                            the Listing Date, addressed to the Joint Sponsors, the Joint Global Coordinators and the
                                            Underwriters, in form and substance satisfactory to the Joint Sponsors and the Joint Global
                                            Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">28.</TD><TD STYLE="text-align: justify">6 signed originals of the legal opinion of
                                            Sidley Austin, the Underwriters&rsquo; legal adviser as to Hong Kong law, dated the Listing
                                            Date, addressed to the Joint Sponsors, the Joint Global Coordinators and the Underwriters,
                                            in form and substance satisfactory to the Joint Sponsors and the Joint Global Coordinators.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">29.</TD><TD STYLE="text-align: justify">6 signed originals of the certificate of the
                                            Chief Executive Officer of the Company, dated the Listing Date, and in form and substance
                                            satisfactory to the Joint Sponsors and the Joint Global Coordinators, which certificate shall
                                            cover, inter alia, the truth and accuracy as of the Listing Date of the representations and
                                            warranties of the Company contained in this Agreement.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">30.</TD><TD STYLE="text-align: justify">6 signed originals of the certificate of the
                                            Chief Executive Officer and the Chief Financial Officer of the Company, dated the Listing
                                            Date, and in form and substance satisfactory to the Joint Global Coordinators, which certificate
                                            shall cover financial, operational and business data contained in each of the Hong Kong Prospectus,
                                            the Preliminary Prospectus, the Pricing Disclosure Package and the Issuer Free Writing Prospectus
                                            (if any) that are not comforted by the Reporting Accountants.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">31.</TD><TD STYLE="text-align: justify">6 certified true copies of the Price Determination
                                            Agreement duly signed by the parties thereto.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">32.</TD><TD STYLE="text-align: justify">6 certified true copies of the Forms B duly
                                            completed and signed by each of the Directors.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">33.</FONT></TD><TD STYLE="text-align: justify">6
                                            certified true copies of the written resolutions by the authorized attorneys or committee
                                            of the Board approving the determination of final Public Offer Price and International Offer
                                            Price, the basis of allocation and the allotment and issue of the Offer Shares to the allottees.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Schedule
4</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
SET-OFF ARRANGEMENTS</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">1.</FONT></TD><TD STYLE="text-align: justify">This
                                            Schedule sets out the arrangements and terms pursuant to which the Hong Kong Public Offering
                                            Underwriting Commitment of each Hong Kong Underwriter will be reduced to the extent that
                                            it makes (or procures to be made on its behalf) one or more valid Hong Kong Underwriter&rsquo;s
                                            Applications pursuant to the provisions of Clause 4.7. These arrangements mean that in no
                                            circumstances will any Hong Kong Underwriter have any further liability as a Hong Kong Underwriter
                                            to apply to purchase or procure applications to purchase Hong Kong Offer Shares if one or
                                            more Hong Kong Underwriter&rsquo;s Applications, duly made by it or procured by it to be
                                            made is/are validly made and accepted for an aggregate number of Hong Kong Offer Shares being
                                            not less than the number of Hong Kong Offer Shares comprised in its Hong Kong Public Offering
                                            Underwriting Commitment.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.</FONT></TD><TD STYLE="text-align: justify">In
                                            order to qualify as Hong Kong Underwriter&rsquo;s Applications, such applications must be
                                            made online through the White Form&nbsp;eIPO Service at <U>www.eipo.com.hk</U> or by giving
                                            electronic application instructions through the CCASS Internet System (<U>https://ip.ccass.com</U>)
                                            complying in all respects with the terms set out in the section headed &ldquo;How to apply
                                            for Hong Kong Offer Shares&rdquo; in the Hong Kong Prospectus by not later than 12:00 noon
                                            on the Acceptance Date in accordance with Clause 4.4. Copies of records for such applications
                                            will have to be faxed to the Joint Global Coordinators immediately after completion of such
                                            applications. Each such application must bear the name of the Hong Kong Underwriter by whom
                                            or on whose behalf the application is made and there must be clearly marked on the application(s)&nbsp;&ldquo;Hong
                                            Kong Underwriter&rsquo;s Application&rdquo;, to the extent practicable.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">3.</FONT></TD><TD STYLE="text-align: justify">No
                                            preferential consideration under the Hong Kong Public Offering will be given in respect of
                                            Hong Kong Underwriter&rsquo;s Applications.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Schedule
5</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
ADVERTISING ARRANGEMENTS</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Formal Notice is to be published on the official
website of the SEHK and in the Company's website on the following dates:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Name
    of Publication</B></FONT></TD>
    <TD STYLE="width: 50%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Date
    of Advertisement</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">SEHK
    website</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June&nbsp;30,
    2022 </FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Company&rsquo;s
    website</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">June&nbsp;30,
    2022</FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 120; Value: 2 -->
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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt"></P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; text-transform: uppercase"><B>Schedule
6</B></FONT><B><FONT STYLE="text-transform: uppercase"><BR>
PROFESSIONAL INVESTOR TREATMENT NOTICE</FONT></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">1.</TD><TD STYLE="text-align: justify">For the purposes of the Code of Conduct for
                                            Persons Licensed by or Registered with the Securities and Futures Commission (the &ldquo;<B>Code</B>&rdquo;),
                                            you are a Professional Investor by reason of your being within a category of person described
                                            in section 3(a), (c)&nbsp;or (d)&nbsp;of the Securities and Futures (Professional Investor)
                                            Rules, as follows:</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.1.</TD><TD STYLE="text-align: justify">a trust corporation having been entrusted
                                            under one or more trusts of which it acts as a trustee with total assets of not less than
                                            HK$40 million (or equivalent) at the relevant date or as ascertained by: (i)&nbsp;the most
                                            recent audited financial statement of the trust corporation or a trust of which it acts as
                                            a trustee (no less recent than 16 months before the relevant date); or (ii)&nbsp;one or more
                                            of the following documents issued or submitted within 12 months before the relevant date:
                                            (a)&nbsp;a statement of account or a certificate issued by a custodian; (b)&nbsp;a certificate
                                            issued by an auditor or a certified public accountant; or (c)&nbsp;a public filing submitted
                                            by or on behalf of the trust corporation (whether on its own behalf or in respect of a trust
                                            of which it acts as a trustee);</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.2.</TD><TD STYLE="text-align: justify">a corporation having total assets of
                                            at least HK$40 million (or equivalent) or a portfolio of at least HK$8 million (or equivalent)
                                            at the relevant date or as ascertained by: (i)&nbsp;the most recent audited financial statement
                                            of the corporation (no less recent than 16 months before the relevant date); or (ii)&nbsp;one
                                            or more of the following documents issued or submitted within 12 months before the relevant
                                            date: (a)&nbsp;a statement of account or a certificate issued by a custodian; (b)&nbsp;a
                                            certificate issued by an auditor or a certified public accountant; or (c)&nbsp;a public filing
                                            submitted by or on behalf of the corporation;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.3.</TD><TD STYLE="text-align: justify">a corporation the principal business
                                            of which at the relevant date is to hold investments and which at the relevant date is wholly
                                            owned by any one or more of the following persons: (i)&nbsp;a trust corporation that falls
                                            within paragraph 1.1 above; (ii)&nbsp;an individual who falls within the definition under
                                            section 5(1)&nbsp;of the Securities and Futures (Professional Investor) Rules; (iii)&nbsp;a
                                            corporation that falls within this paragraph 1.3; (iv)&nbsp;a corporation that falls within
                                            paragraph 1.2 above; (v)&nbsp;a partnership that falls within paragraph 1.5 below; and (vi)&nbsp;a
                                            professional investor within the meaning of paragraph (a), (d), (e), (f), (g)&nbsp;or (h)&nbsp;of
                                            the definition of &quot;professional investor&quot; in section 1 of Part&nbsp;1 of Schedule
                                            1 to the Securities and Futures Ordinance;</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.4.</TD><TD STYLE="text-align: justify">a corporation which, at the relevant
                                            date, wholly owns a corporation referred to in paragraph 1.2 above; and</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">1.5.</TD><TD STYLE="text-align: justify">a partnership with a portfolio of no
                                            less than HK$ 8 million or total assets of not less than HK$40 million (or equivalent) at
                                            the relevant date or as ascertained by: (i)&nbsp;the most recent audited financial statement
                                            of the partnership (no less recent than 16 months before the relevant date); or (ii)&nbsp;one
                                            or more of the following documents issued or submitted within 12 months before the relevant
                                            date: (a)&nbsp;a statement of account or a certificate issued by a custodian; (b)&nbsp;a
                                            certificate issued by an auditor or a certified public accountant; or (c)&nbsp;a public filing
                                            submitted by or on behalf of the partnership.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">We have categorized you as a Corporate
Professional Investor based on information you have given us. You will inform us promptly in the event any such information ceases to
be true and accurate. You will be treated as a Corporate Professional Investor in relation to all investment products and markets.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">2.</TD><TD STYLE="text-align: justify">As a consequence of your categorization as
                                            a Corporate Professional Investor and our assessment of you as satisfying the criteria set
                                            out in paragraph 15.3A(b)&nbsp;of the Code, we are not required to fulfil certain requirements
                                            under paragraphs 15.4 and 15.5 of the Code and other Hong Kong regulations (summarised below),
                                            provided that we take certain actions beforehand (including, providing you with the information
                                            contained in this Schedule and obtaining your consent to be treated as Corporate Professional
                                            Investor and to dispense with the relevant requirements). While we may in fact do some or
                                            all of the following in providing services to you, we have no regulatory responsibility to
                                            do so.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.1.</FONT></TD><TD STYLE="text-align: justify">Client
                                            agreement</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">We are not required to enter into a written
agreement complying with the Code relating to the services that are to be provided to you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.2.</FONT></TD><TD STYLE="text-align: justify">Risk
                                            disclosures</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">We are not required by the Code to provide
you with written risk warnings or risk disclosure statements in respect of the risks involved in any transactions entered into with you,
or to bring those risks to your attention.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.3.</FONT></TD><TD STYLE="text-align: justify">Information
                                            about us</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">We are not required to provide you with
information about our business or the identity and status of employees and others acting on our behalf with whom you will have contact.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.4.</FONT></TD><TD STYLE="text-align: justify">Prompt
                                            confirmation</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">We are not required by the Code to promptly
confirm the essential features of a transaction after effecting a transaction for you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.5.</FONT></TD><TD STYLE="text-align: justify">Information
                                            about clients</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">We are not required to establish your
financial situation, investment experience or investment objectives, except where we are providing advice on corporate finance work.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif">2.6.</FONT></TD><TD STYLE="text-align: justify">Nasdaq&ndash;Amex
                                            Pilot Program</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify">If you wish to deal through the Stock
Exchange in securities admitted to trading on the Stock Exchange under the Nasdaq-Amex Pilot Program, we are not required to provide
you with documentation on that program.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.7.</TD><TD STYLE="text-align: justify">Suitability</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">When
making a recommendation or solicitation, we are not required to ensure that such </FONT>recommendation or solicitation is suitable for
you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.8.</TD><TD STYLE="text-align: justify">Investor characterisation/disclosure
                                            of transaction related information</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
shall not be subject to the requirements of paragraph 5.1A of the Code relating to know your </FONT>client investor characterisation
and paragraph 8.3A of the Code relating to disclosure of transaction related information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.9.</TD><TD STYLE="text-align: justify">Discretionary accounts</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
are not required, in respect of any discretionary account, to obtain authority in writing from </FONT>you prior to effecting transactions
for your account without your specific authority, or to explain such authority or re-confirm it on an annual basis, or to disclose benefits
receivable for effecting transactions for you under a discretionary account.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">2.10.</TD><TD STYLE="text-align: justify">Complex products</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif">We
are not </FONT>required to ensure the suitability of a transaction in a complex product, to provide sufficient information about a complex
product or to provide warning statements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">3.</TD><TD STYLE="text-align: justify">You have the right to withdraw from being treated
                                            as a Corporate Professional Investor at any time in respect of all or any investment products
                                            or markets on giving written notice to our Compliance Departments.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">4.</TD><TD STYLE="text-align: justify">By entering into this Agreement, you represent
                                            and warrant to us that you are knowledgeable and have sufficient expertise in the products
                                            and markets that you are dealing in and are aware of the risks in trading in the products
                                            and markets that you are dealing in.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">5.</TD><TD STYLE="text-align: justify">By entering into this Agreement, you hereby
                                            agree and acknowledge that you have read and understood and have had explained to you the
                                            consequences of consenting to being treated as a Corporate Professional Investor and the
                                            right to withdraw from being treated as such as set out herein and that you hereby consent
                                            to being treated as a Corporate Professional Investor in relation to all investment products
                                            and markets.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">6.</TD><TD STYLE="text-align: justify">By entering into this Agreement, you hereby
                                            agree and acknowledge that we or our affiliates (and any person acting as the settlement
                                            agent for the Hong Kong Public Offering and/or the Global Offering) will not provide you
                                            with any contract notes, statements of account or receipts under the Hong Kong Securities
                                            and Futures (Contract Notes, Statements of Account and Receipts) Rules&nbsp;where such would
                                            otherwise be required.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>4
<FILENAME>tm2210726d13_ex4-1.htm
<DESCRIPTION>EXHIBIT 4.1
<TEXT>
<html><head><TITLE> </TITLE></head><body link=blue lang="EN-US"><div  align="center"><p align="right" style="margin: 0in 0in 0pt; text-align: right;"><b><font face="Times New Roman" size="2" style="font-size: 10pt; font-weight: bold;">Exhibit 4.1</font></b></p></div><div><div align="center"><div align="center"><table border="0" cellspacing="0" cellpadding="0" style="width:100%;border-collapse:collapse;"><tr style="page-break-inside:avoid;"><td width="92.3%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:92.3%;"><p align="center" style="margin:0in 0in .0001pt;text-align:center;"><img width="975" height="850"src="tm2210726d13_ex4-1img001.jpg" alt="GRAPHIC"></p></td><td width="7.7%" valign="middle" style="padding:0in 5.4pt 0in 5.4pt;width:7.7%;"><p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Arial" style="color:white;font-size:1.0pt;">SHARE CERTIFICATE
HONG KONG SHARE REGISTER
DATE OF ISSUE CERTIFICATE NUMBER RUN/TFR. NO. REGISTER NUMBER OF SHARE(S)
CODE:
NUMBER OF SHARE(S):
GIVEN UNDER THE SECURITIES SEAL OF THE COMPANY ON THE DATE OF ISSUE STATED ABOVE.
DIRECTOR DIRECTOR
NO TRANSFER OF THE WHOLE OR ANY PORTION OF THE ABOVE SHARE(S) CAN BE REGISTERED UNLESS ACCOMPANIED BY THIS SHARE CERTIFICATE.
HONG KONG SHARE REGISTRAR: COMPUTERSHARE HONG KONG INVESTOR SERVICES LIMITED, SHOPS 1712-1716, 17TH FLOOR, HOPEWELL CENTRE, 183 QUEEN&#x2019;S ROAD EAST, WANCHAI, HONG KONG.
THIS IS TO CERTIFY THAT THE UNDERMENTIONED PERSON(S) IS/ARE THE REGISTERED HOLDER(S) OF FULLY PAID ORDINARY
SHARE(S) OF NOMINAL VALUE US$0.00001 PER SHARE IN THE SHARE CAPITAL OF MINISO GROUP HOLDING LIMITED (THE
 &#x201C;COMPANY&#x201D;) AS DETAILED BELOW SUBJECT TO THE MEMORANDUM AND ARTICLES OF ASSOCIATION OF THE COMPANY.
MINISO Group Holding Limited
(A company incorporated in the Cayman Islands with limited liability)</font></p></td></tr></table></div><div style="margin-left:2.6515151515151%;margin-right:2.65151515151515%;page-break-after:always;" ><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div><div align="center"><table border="0" cellspacing="0" cellpadding="0" style="width:100%;border-collapse:collapse;"><tr style="page-break-inside:avoid;"><td width="92.3%" valign="top" style="padding:0in 5.4pt 0in 5.4pt;width:92.3%;"><p style="margin-top: 0in; margin-bottom: 0pt; text-align: center"><img width="850" height="975"src="tm2210726d13_ex4-1img002.jpg" alt="GRAPHIC"></p></td><td width="7.7%" valign="middle" style="padding:0in 5.4pt 0in 5.4pt;width:7.7%;"><p style="margin:0in 0in .0001pt;"><font size="1" color="white" face="Arial" style="color:white;font-size:1.0pt;">Personal Information Collection Statement
The main provisions of the Personal Data (Privacy) Ordinance, Chapter 486 of the laws of Hong Kong (the &#x201C;Ordinance&#x201D;) came into effect on 20 December
1996.  This Personal Information Collection Statement informs holders of securities as the data subject of the policies and practices of the registrars of the
securities issuers in relation to personal data and the Ordinance.
Reasons for the Collections of your Personal Data
From time to time it is necessary for the registered holders of securities to supply their latest correct personal data to the registrars when transferring securities
into or out of their names or in procuring the services of the registrars.
Failure or refusal to supply the requested data may result in a delay or the withholding, failure or inability of the registrars to effect the securities transfers or
render their services.
It is important that holders of securities inform the registrars concerned immediately of any inaccuracies in the data supplied and make the correction or an
update thereof.
Purposes
The personal data of the holders of securities may be used, held and/or stored (by whatever means) for the following purposes:
 &#x2022;  registering securities transfers into or out of the name of holders of securities
 &#x2022;  maintaining or updating the registers of securities holders
 &#x2022;  conducting or assisting to conduct signature veri cations, any veri cation or exchange of information
 &#x2022;  establishing bene t entitlements, such as dividends, distributions in specie, rights issues, open offers and bonus issues etc.
 &#x2022;  distributing communications of the related securities issuers
 &#x2022;  compiling statistical information and securities holders&#x2019; pro les
 &#x2022;  making disclosures as required by laws, rules, codes or regulations
 &#x2022;  disclosing relevant information to facilitate claims on entitlements
 &#x2022;  any other incidental or associated purposes relating to the above and any other purpose which the holders of securities may from time to time agree
Transfer of Personal Data
Data held by the registrars relating to the holders of securities will be kept con dential but the registrars may, to the extent necessary for achieving the above
purposes or any of them, make such enquiries as they consider necessary to con rm the accuracy and completeness of the personal data and in particular, they
may disclose, obtain or transfer (whether within or outside Hong Kong) the personal data of the holders of securities to, from or with any and all of the
following persons and entities:
 &#x2022;  the securities issuers or their appointed agents such as  nancial advisors and overseas principal registrars
 &#x2022;  any agents, contractors or third-party service providers who/which offer administrative, telecommunications, computer, payment or other data processing
  services to the registrars in connection with the operation of their business
 &#x2022;  any statutory, regulatory or governmental bodies, administrative authorities or courts
 &#x2022;  any other persons or institutions with which the holders of securities have or propose to have dealings, such as their bankers, solicitors, accountants,
  independent  nancial advisors or licensed securities dealers etc.
Retention of Personal Data
The registrars will keep the personal data of the holders of securities for as long as necessary to ful l the purposes for which the personal data were collected.
Personal data which is no longer required will be destroyed or dealt with in accordance with the Ordinance and any other applicable law.
Access and Correction of Personal Data
The Ordinance provides the holders of securities with the rights to ascertain whether the registrars hold their personal data, to obtain a copy of that data, and
to correct any data that is inaccurate. In accordance with other applicable law, the holders of securities may have the right to request for any other information
required under other applicable law or the deletion of personal data that the registrars no longer have any lawful ground for use.
In accordance with the Ordinance, the registrars have the right to charge a reasonable fee for the processing of any data access request.  However, the
registrars shall not charge any fee if it is not permitted under applicable law. All requests for access to data, correction of data or deletion of data or for
information regarding policies and practices and kinds of data held should be addressed to the registrars of the securities issuers concerned for the attention
of the Privacy Compliance Of cer.
 &#x500B;&#x4EBA;&#x8CC7;&#x6599;&#x6536;&#x96C6;&#x8072;&#x660E;
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MINISO Group Holding Limited</font></p></td></tr></table></div><div style="margin-left:2.6515151515151%;margin-right:2.65151515151515%;page-break-after:avoid;" ><div style="background-color:#000000;clear:both;height:2pt;border:0;margin:30pt 0pt 30pt 0pt;"></div></div></div></div></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>5
<FILENAME>tm2210726d13_ex4-1img001.jpg
<DESCRIPTION>GRAPHIC
<TEXT>
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