<SEC-DOCUMENT>0001019155-13-000574.txt : 20131205
<SEC-HEADER>0001019155-13-000574.hdr.sgml : 20131205
<ACCEPTANCE-DATETIME>20131205142559
ACCESSION NUMBER:		0001019155-13-000574
CONFORMED SUBMISSION TYPE:	F-6 POS
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20131205
DATE AS OF CHANGE:		20131205
EFFECTIVENESS DATE:		20131205

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Silicon Motion Technology CORP
		CENTRAL INDEX KEY:			0001329394
		STANDARD INDUSTRIAL CLASSIFICATION:	SEMICONDUCTORS & RELATED DEVICES [3674]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		F-6 POS
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-125801
		FILM NUMBER:		131259632

	BUSINESS ADDRESS:	
		STREET 1:		8F-1,  NO. 36, TAIYUAN STREET
		STREET 2:		JHUBEI CITY
		CITY:			HSINCHU COUNTY
		STATE:			F5
		ZIP:			302
		BUSINESS PHONE:		886-3-552-6888

	MAIL ADDRESS:	
		STREET 1:		8F-1,  NO. 36, TAIYUAN STREET
		STREET 2:		JHUBEI CITY
		CITY:			HSINCHU COUNTY
		STATE:			F5
		ZIP:			302

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BANK OF NEW YORK / ADR DIVISION
		CENTRAL INDEX KEY:			0001201935
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 8880 [8880]
		IRS NUMBER:				135160382
		STATE OF INCORPORATION:			NY

	FILING VALUES:
		FORM TYPE:		F-6 POS

	BUSINESS ADDRESS:	
		STREET 1:		AMERICAN DEPOSITARY RECEIPTS DIVISION
		STREET 2:		101 BARCLAY STREET - 22WEST
		CITY:			NYC
		STATE:			NY
		ZIP:			10286
		BUSINESS PHONE:		212-815-4601

	MAIL ADDRESS:	
		STREET 1:		ATTN: THERESA BOTROS - 15EAST
		STREET 2:		101 BARCLAY STREET
		CITY:			NYC
		STATE:			NY
		ZIP:			10286

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	BANK OF NEW YORK/ADR DIVISION
		DATE OF NAME CHANGE:	20021028
</SEC-HEADER>
<DOCUMENT>
<TYPE>F-6 POS
<SEQUENCE>1
<FILENAME>sila924437f6.htm
<DESCRIPTION>POST EFFECTIVE AMENDMENT NO.1 TO THE FORM F-6
<TEXT>
<HTML>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center; border-bottom: Black 2.25pt double"><B>As filed
with the Securities and Exchange Commission on&nbsp;December 5,
2013. &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Registration No. 333-125801</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right; text-indent: 3.5in">&nbsp;</P>

<P STYLE="font: normal 14pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in">SECURITIES AND EXCHANGE
COMMISSION</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">Washington, D.C. 20549</P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">POST-EFFECTIVE AMENDMENT NO. 1</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">TO</P>

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

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center">REGISTRATION STATEMENT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">THE SECURITIES ACT OF 1933</P>

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

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SILICON MOTION TECHNOLOGY CORPORATION</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of issuer of deposited securities
as specified in its charter)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Translation of issuer's name into English)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Jurisdiction of incorporation or organization
of issuer)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: normal 14pt Times New Roman, Times, Serif; margin: 0; text-align: center; text-indent: 0in"><B>THE BANK OF NEW
YORK MELLON</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact name of depositary as specified in its
charter)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">One Wall Street New York, N.Y. 10286</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(212) 495-1784</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address, including zip code, and telephone number,
including area code, of depositary's principal executive offices)</P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>One Wall Street, 11<SUP>th</SUP> Floor</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10286</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(212) 495-1784</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Address, including zip code, and telephone number,
including area code, of agent for service)</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Emmet, Marvin &amp; Martin, LLP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>120 Broadway</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>New York, New York 10271</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>(212) 238-3032</B></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">It is proposed that this filing become effective
under Rule 466</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">[ ] on ( Date ) at ( Time ).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">If a separate registration statement has been
filed to register the deposited shares, check the following box. [ ]</P>

<P STYLE="font: 8pt Univers Condensed,sans-serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

<P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="letter-spacing: -0.1pt"><B>&nbsp;</B></FONT></P>

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<P STYLE="font: 8pt/85% Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/85% Times New Roman, Times, Serif; margin: 0 0 0 0.5in; text-align: justify; text-indent: 0in">The prospectus
consists of the proposed form of American Depositary Receipt (&ldquo;Receipt&rdquo;) included as Exhibit A to the form of Amended
and Restated Deposit Agreement filed as Exhibit 1 to this Registration Statement, which is incorporated herein by reference.</P>

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item - 1.&#9;<U>Description of Securities to
be Registered</U></P>

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

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

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

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

<TABLE CELLSPACING="3" CELLPADDING="3" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 66%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0; text-align: left"><U>Item Number and Caption</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0; text-align: left">&nbsp;</P></TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">Location in Form of Receipt<BR>
        <U>Filed Herewith as Prospectus</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
<OL START="1" TYPE="1" STYLE="margin-top: 0in">

        <LI STYLE="margin: 0 44.1pt 0 0; font-size: 10pt">Name and address of depositary</LI>
</OL>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0.25in; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Introductory Article</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
<OL START="2" TYPE="1" STYLE="margin-top: 0in">

        <LI STYLE="margin: 0 44.1pt 0 0; font-size: 10pt">Title of the depositary shares and identity of deposited securities</LI>
</OL>

        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0.25in; text-align: justify">&nbsp;</P></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Face of Receipt, top center</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0; text-align: justify; text-indent: 0.5in">Terms of Deposit:</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 44.1pt 0 0; text-align: justify; text-indent: 0.5in">&nbsp;</P></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: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(i)&nbsp;&nbsp; The amount of deposited securities represented by one unit of depositary receipts</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Face of Receipt, upper right corner</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(ii)&nbsp;&nbsp; The procedure for voting, if any, the deposited securities</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 15 and 16</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(iii)&nbsp;&nbsp; The procedure for collection and distribution of dividends</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 4, 6, 12, 13, 15 and 21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(iv)&nbsp; The procedure for transmission of notices, reports and proxy soliciting material</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 11, 15 and 16</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(v)&nbsp;&nbsp; The sale or exercise of rights</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 13, 14, 15 and 18</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(vi)&nbsp; The deposit or sale of securities resulting from dividends, splits or plans of reorganization</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 12, 13, 14, 15, 17 and 21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(vii)&nbsp; Amendment, extension or termination of the deposit agreement</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 20 and 21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(viii)&nbsp; Rights of holders of depositary receipts to inspect the transfer books of the depositary and the list of holders of depositary receipts</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Article number 11</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(ix)&nbsp; Restrictions upon the right to transfer or withdraw the underlying securities</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 2, 3, 4, 6, 8 and 21</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.5in; padding-bottom: 6pt; padding-left: 0.5in; text-align: justify">(x)&nbsp;&nbsp; Limitation upon the liability of the depositary</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 14, 18 and 21</TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&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 STYLE="width: 66%; padding-right: 44.1pt; padding-left: 5.4pt; text-align: justify">3.&nbsp; Fees and Charges</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Articles number 2, 3, 7, 8, 12 and 13</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">4. Describe fees paid and payment made by depositary
to foreign private issuer, if any.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item - 2.&#9;<U>Available Information</U></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 STYLE="width: 66%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Public reports furnished by issuer</TD>
    <TD STYLE="width: 34%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Article number 11</TD></TR>
</TABLE>
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    <DIV STYLE="page-break-before: always; margin-top: 6pt">&nbsp;</DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">PART II</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">INFORMATION NOT REQUIRED IN PROSPECTUS</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Item - 3.&#9;<U>Exhibits</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">a.</TD><TD STYLE="text-align: justify">Form of Amended and Restated Deposit Agreement dated as of ____________, 2013 among Silicon Motion
Technology Corporation, The Bank of New York Mellon, as Depositary, and all Owners and Beneficial Owners<B> </B>from time to time
of American Depositary Receipts issued thereunder. &ndash; Filed herewith as Exhibit 1.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">b.</TD><TD STYLE="text-align: justify">Any other agreement, to which the depositary is a party, relating to the issuance of the Depositary
Shares registered hereby or the custody of the deposited securities represented thereby &ndash; Not applicable.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">c.</TD><TD STYLE="text-align: justify">Every material contract relating to the deposited securities between the Depositary and the issuer
of the deposited securities in effect at any time within the last three years. &ndash; See (a) above.</TD></TR></TABLE>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">d.</TD><TD STYLE="text-align: justify">Opinion of Emmet, Marvin &amp; Martin, LLP, counsel for the Depositary, as to legality of the securities
to be registered. &ndash; Filed previously.</TD></TR></TABLE>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 12pt">
<TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">e.</TD><TD STYLE="text-align: justify">Certification
under Rule 466. </FONT>&ndash;<FONT STYLE="font-size: 10pt"> Not applicable.</FONT></TD></TR>
</TABLE>
<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-size: 10pt"></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">Item - 4.&#9;<U>Undertakings</U></P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(a)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">The Depositary hereby undertakes to make available at the principal office of the Depositary
in the United States, for inspection by holders of the depositary shares, any reports and communications received from the issuer
of the deposited securities which are both (1) received by the Depositary as the holder of the deposited securities, and (2) made
generally available to the holders of the underlying securities by the issuer.</FONT></P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="font-size: 10pt">(b)</FONT><FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><FONT STYLE="font-size: 10pt">If the amounts of fees charged are not disclosed in the prospectus, the Depositary undertakes
to prepare a separate document stating the amount of any fee charged and describing the service for which it is charged and to
deliver promptly a copy of such fee schedule without charge to anyone upon request. The Depositary undertakes to notify each registered
holder of depositary receipts thirty days before any change in the fee schedule.</FONT></P>

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 0.5in">Pursuant to the
requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that all the requirements
for filing on Form F-6 are met and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in the City of New York, State of New York, on December 5, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 3.5in; text-align: justify">Legal entity created by the agreement
for the issuance of depositary shares representing ordinary shares of Silicon Motion Technology Corporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.5in; text-align: justify">By:&#9;The Bank of New York Mellon,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 24pt 4in; text-align: justify">As Depositary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in; text-align: justify">By:&#9; <U>/s/ Joanne Di Giovanni Hawke</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 4in; text-align: justify">Name: Joanne Di Giovanni Hawke</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 4in; text-align: justify">Title: Managing Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt 4in; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.75in; text-align: justify; text-indent: 4.5in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3.75in; text-align: justify; text-indent: 4.5in">&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 6pt; text-align: left; text-indent: 1in">Pursuant to the requirements
of the Securities Act of 1933, Silicon Motion Technology Corporation has caused this Registration Statement to be signed on its
behalf by the undersigned thereunto duly authorized, in Taipei, Taiwan, on December 5, 2013.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 12pt 0 12pt 3in; text-align: justify"><B>Silicon Motion Technology
Corporation</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">By: <U>/s/ Wallace C. Kou</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in; text-align: justify">Wallace C. Kou</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 3.25in; text-align: justify">President and Chief Executive Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 238.3pt; text-align: justify; text-indent: 0.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Each person whose signature appears below hereby
constitutes and appoints James Chow and Wallace C. Kou, and each of them severally, his or her true and lawful attorney-in-fact
with power of substitution and resubstitution to sign in his or her name, place and stead in any and all capacities the Registration
Statement and any and all amendments thereto (including post-effective amendments) and any documents in connection therewith, and
to file the same with the Securities and Exchange Commission, granting unto each of said attorneys full power to act with or without
the other, and full power and authority to do and perform, in his or her name and on his or her behalf, every act whatsoever which
such attorneys, or any one of them, may deem necessary or desirable to be done in connection therewith as fully and to all intents
and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact, or any of
them, or their substitute or substitutes, may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 238.3pt; text-align: justify; text-indent: 0.2pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0.25in; text-align: justify; text-indent: 1in">Pursuant to the
requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities
indicated on December 5, 2013.</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 STYLE="width: 46%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-weight: bold; text-decoration: underline">Signature</TD>
    <TD STYLE="width: 9%">&nbsp;</TD>
    <TD STYLE="width: 45%; padding-right: 5.4pt; padding-left: 5.4pt; text-align: center; font-weight: bold; text-decoration: underline">Title</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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">&nbsp;</TD>
    <TD>&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">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ James
        Chow</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;Chairman of the Board of Directors</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">James Chow</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Wallace
        C. Kou</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;President and Chief Executive Officer, Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">Wallace C. Kou</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;and Authorized Representative in the United States</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;(principal executive officer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Riyadh
        Lai</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;Chief Financial Officer</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">Riyadh Lai</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;(principal financial and accounting officer)</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Steve
        Chen</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">Steve Chen</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Tsung-Ming
        Chung</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">Tsung-Ming Chung</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Kenneth
        Kuan-Ming Lin</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">Kenneth Kuan-Ming Lin</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Lien-Chun
        Liu</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">Lien-Chun Liu</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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: 57.25pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD>
    <TD>&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">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; border-bottom: Black 0.5pt solid">/s/ Yung-Chien
        Wang</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;Director</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 57.25pt; padding-left: 5.4pt; text-align: justify">Yung-Chien Wang</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="width: 19%; vertical-align: top; padding-right: 5.4pt; padding-left: 5.4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Exhibit</U></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><U>Number </U></P></TD>
    <TD STYLE="width: 81%; vertical-align: bottom; padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify; text-decoration: underline">Exhibit</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&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: left">1</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">Form of Amended and Restated Deposit Agreement dated as of __________, 2013 among Silicon Motion Technology Corporation, The Bank of New York Mellon, as Depositary, and all Owners and Beneficial from time to time of American Depositary Receipts issued thereunder.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: left">&nbsp;</TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; text-align: justify">&nbsp;</TD></TR>
</TABLE>
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<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>silicondepnreccomp.htm
<DESCRIPTION>FORM OF DEPOSIT AGREEMENT
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<P STYLE="margin: 0"></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 48pt; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-underline-style: double"><B><U>&#9;</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: center"><B>SILICON MOTION TECHNOLOGY CORPORATION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: center"><B>and</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>THE BANK OF NEW YORK<FONT STYLE="text-underline-style: double; color: blue"><U>
MELLON</U></FONT></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in 3.5in; text-align: left"><B>As Depositary</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: center"><B>and</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: center"><B>OWNERS AND BENEFICIAL OWNERS OF<BR>
AMERICAN DEPOSITARY RECEIPTS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: center"><FONT STYLE="text-underline-style: double; color: blue"><B><U>Amended
and Restated </U></B></FONT><B>Deposit Agreement</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.5in; text-align: center"><B>Dated as of <FONT STYLE="color: red"><STRIKE>June
29, 2005</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><U>_______, 2013</U></FONT></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="text-underline-style: double"><B><U>&#9;</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: right">Page</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ARTICLE 1.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>DEFINITIONS&#9;1</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.01.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>American
Depositary Shares.&#9;1</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.02.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Beneficial
Owner.&#9;2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.03.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Commission.&#9;2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.04.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Company.&#9;2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.05.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Consultation.&#9;2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.06.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Custodian.&#9;2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.07.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Deliver;
Surrender.&#9;2</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.08.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Deposit
Agreement.&#9;3</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.09.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Depositary;
Corporate Trust Office.&#9;3</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.10.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Deposited
Securities.&#9;3</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.11.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Dollars.&#9;3</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.12.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Foreign
Registrar.&#9;3</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.13.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Owner.&#9;<FONT STYLE="color: red"><STRIKE>3</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>4</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.14.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Receipts.&#9;<FONT STYLE="color: red"><STRIKE>3</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>4</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.15.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Registrar.&#9;4</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.16.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Restricted
Securities.&#9;4</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.17.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Securities
Act of 1933.&#9;4</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 1.18.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Shares.&#9;4</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ARTICLE 2.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>FORM
OF RECEIPTS, DEPOSIT OF SHARES, EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS&#9;5</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.01.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Form
and Transferability of Receipts.&#9;5</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.02.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Deposit
of Shares.&#9;<FONT STYLE="color: red"><STRIKE>5</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>6</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.03.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Execution
and Delivery of Receipts.&#9;6</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.04.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Registration
of Transfer of Receipts; Combination and Split-up of Receipts.&#9;7</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.05.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Surrender
of Receipts and Withdrawal of Shares.&#9;8</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.06.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Limitations
on Execution and Delivery, Transfer and Surrender of Receipts.&#9;9</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.07.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Lost
Receipts, etc.&#9;9</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.08.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Cancellation
and Destruction of Surrendered Receipts.&#9;10</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 2.09.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Pre-Release
of Receipts.&#9;10</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ARTICLE 3.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>CERTAIN
OBLIGATIONS OF OWNERS AND BENEFICIAL OWNERS OF RECEIPTS&#9;10</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 3.01.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Filing
Proofs, Certificates and Other Information.&#9;10</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 3.02.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Liability
of Owner or Beneficial Owner for Taxes.&#9;11</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 3.03.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Warranties
on Deposit of Shares.&#9;11</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 3.04.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Disclosure
of Interests.&#9;11</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ARTICLE 4.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>THE
DEPOSITED SECURITIES&#9;12</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.01.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Cash
Distributions.&#9;12</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.02.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Distributions
Other Than Cash, Shares or Rights.&#9;12</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.03.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Distributions
in Shares.&#9;13</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.04.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Rights.&#9;13</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.05.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Conversion
of Foreign Currency.&#9;15</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.06.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Fixing
of Record Date.&#9;16</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.07.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Voting
of Deposited Securities.&#9;17</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.08.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Changes
Affecting Deposited Securities.&#9;18</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.09.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Reports.&#9;18</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.10.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Lists
of Owners.&#9;18</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 4.11.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Withholding.&#9;18</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ARTICLE 5.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>THE
DEPOSITARY, THE CUSTODIANS AND THE COMPANY&#9;19</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.01.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Maintenance
of Office and Transfer Books by the Depositary.&#9;19</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.02.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Prevention
or Delay in Performance by the Depositary or the Company.&#9;19</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.03.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Obligations
of the Depositary, the Custodian and the Company.&#9;20</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.04.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Resignation
and Removal of the Depositary.&#9;21</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.05.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>The
Custodians.&#9;21</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.06.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Notices
and Reports.&#9;22</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.07.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Distribution
of Additional Shares, Rights, etc.&#9;23</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.08.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Indemnification.&#9;23</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.09.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Charges
of Depositary.&#9;25</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.10.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Retention
of Depositary Documents.&#9;26</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.11.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Exclusivity.&#9;26</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 5.12.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>List
of Restricted Securities Owners.&#9;26</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ARTICLE 6.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>AMENDMENT
AND TERMINATION&#9;26</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 6.01.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Amendment.&#9;26</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 6.02.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Termination.&#9;27</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ARTICLE 7.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>MISCELLANEOUS&#9;28</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 7.01.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Counterparts.&#9;28</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 7.02.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>No
Third Party Beneficiaries.&#9;28</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 7.03.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Severability.&#9;28</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 7.04.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Owners
and Beneficial Owners as Parties; Binding Effect.&#9;28</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 7.05.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Notices.&#9;28</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 7.06.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Submission
to Jurisdiction; Appointment of Agent for Service of Process.&#9;29</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 27pt 0 45pt; text-align: justify; text-indent: -35pt">SECTION 7.07.<FONT STYLE="font: 11pt Calibri, Helvetica, Sans-Serif">&#9;</FONT>Governing
Law.&#9;30</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center">EXHIBIT A</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center">Form of Receipt</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"><FONT STYLE="text-underline-style: double; color: blue"><B><U>AMENDED
AND RESTATED </U></B></FONT><B>DEPOSIT AGREEMENT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="text-underline-style: double; color: blue"><B><U>AMENDED
AND RESTATED </U></B></FONT><B>DEPOSIT AGREEMENT</B> dated as of <FONT STYLE="color: red"><STRIKE>June 29, 2005</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>__________,
2013</U></B></FONT> among SILICON MOTION TECHNOLOGY CORPORATION, incorporated under the laws of the Cayman Islands (herein called
the Company), THE BANK OF NEW YORK<FONT STYLE="text-underline-style: double; color: blue"><B><U> MELLON (formerly known as The
Bank of New York)</U></B></FONT>, a New York banking corporation (herein called the Depositary), and all Owners and Beneficial
Owners from time to time of American Depositary Receipts issued hereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>W I T N E S S E T H :</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, <FONT STYLE="text-underline-style: double; color: blue"><B><U>the
Company and the Depositary entered into a deposit agreement dated as of June 29, 2005 (the &ldquo;Prior Deposit Agreement&rdquo;)
for the purposes stated in that agreement; and</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; color: blue"><FONT STYLE="text-underline-style: double"><B><U>WHEREAS,
the Company and the Depositary now wish to amend and restate the Prior Deposit Agreement to, among other things, change the charges
of the Depositary; and</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><FONT STYLE="text-underline-style: double; color: blue"><B><U>WHEREAS,
</U></B></FONT>the Company desires to provide, as hereinafter set forth in this <FONT STYLE="text-underline-style: double; color: blue"><B><U>Amended
and Restated </U></B></FONT>Deposit Agreement, for the deposit of Shares (as hereinafter defined) of the Company from time to time
with the Depositary or with the Custodian (as hereinafter defined) <FONT STYLE="color: red"><STRIKE>as agent of the Depositary
</STRIKE></FONT>for the purposes set forth in this <FONT STYLE="text-underline-style: double; color: blue"><B><U>Amended and Restated
</U></B></FONT>Deposit Agreement, for the creation of American Depositary Shares representing the Shares so deposited and for the
execution and delivery of American Depositary Receipts evidencing the American Depositary Shares; and</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><B>WHEREAS</B>, the
American Depositary Receipts are to be substantially in the form of Exhibit A annexed hereto, with appropriate insertions, modifications
and omissions, as hereinafter provided in this <FONT STYLE="text-underline-style: double; color: blue"><B><U>Amended and Restated
</U></B></FONT>Deposit Agreement;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in"><B>NOW, THEREFORE</B>,
in consideration of the premises, it is agreed by and between the parties hereto <FONT STYLE="text-underline-style: double; color: blue"><B><U>that
the Prior Deposit Agreement is hereby amended and restated </U></B></FONT>as follows:</P>

<P STYLE="font: bold 12pt Times New Roman Bold; margin: 0 0 12pt; text-indent: 0in">ARTICLE 1.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>DEFINITIONS</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The following definitions
shall for all purposes, unless otherwise clearly indicated, apply to the respective terms used in this Deposit Agreement:</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.01.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>American Depositary Shares</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;American
Depositary Shares&rdquo; shall mean the securities representing the interests in the Deposited Securities and evidenced by the
Receipts issued hereunder. Each American Depositary Share shall represent the number of Shares specified in Exhibit A to this Deposit
Agreement, until there shall occur a distribution upon Deposited Securities covered by Section 4.03 or a change in Deposited Securities
covered by Section 4.08 with respect to which additional Receipts are not executed and delivered, and thereafter American Depositary
Shares shall represent the amount of Shares or Deposited Securities specified in such Sections.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.02.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Beneficial Owner</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Beneficial
Owner&rdquo; shall mean each person owning from time to time any beneficial interest in the American Depositary Shares evidenced
by any Receipt.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.03.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Commission</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Commission&rdquo;
shall mean the Securities and Exchange Commission of the United States or any successor governmental agency in the United States.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.04.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Company</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Company&rdquo;
shall mean Silicon Motion Technology Corporation, incorporated under the laws of the Cayman Islands, and its successors.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.05.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Consultation</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Consultation&rdquo;
shall mean the good faith attempt by the Depositary to discuss, if practicable, the relevant issue in a timely manner with a person
reasonably believed by the Depositary to be empowered by the Company to engage in such discussion on behalf of the Company.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.06.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Custodian</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Custodian&rdquo;
shall mean the principal Hong Kong office of Hongkong and Shanghai Banking Corporation, as agent of the Depositary for the purposes
of this Deposit Agreement, and any other firm or corporation which may hereafter be appointed by the Depositary pursuant to the
terms of Section 5.05, as substitute or additional custodian or custodians hereunder, as the context shall require and shall also
mean all of them collectively.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.07.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Deliver; Surrender</U>.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(a)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT>The term &ldquo;deliver&rdquo;, or its noun form, when used with respect to Shares shall mean (i) one or more book-entry
transfers to an account or accounts maintained with a depository institution authorized under applicable law to effect book-entry
transfers of such securities or (ii) the physical transfer of certificates representing Shares.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(b)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>The term &ldquo;deliver&rdquo;, or its noun form, when used with respect to Receipts, shall mean (i) one or more book-entry
transfers of American Depositary Shares to an account or accounts at The Depository Trust Company (&ldquo;DTC&rdquo;) designated
by the person entitled to such delivery or (ii) if requested by the person entitled to such delivery, delivery at the Corporate
Trust Office of the Depositary of one or more Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">(c)<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;
</FONT>The term &ldquo;surrender&rdquo;, when used with respect to Receipts, shall mean (i) one or more book-entry transfers of
American Depositary Shares to the DTC account of the Depositary or (ii) surrender to the Depositary at its Corporate Trust Office
of one or more Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.08.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Deposit Agreement</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Deposit
Agreement&rdquo; shall mean this <FONT STYLE="text-underline-style: double; color: blue"><B><U>Amended and Restated </U></B></FONT>Deposit
Agreement, as the same may be amended from time to time in accordance with the provisions of this Deposit Agreement.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.09.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Depositary; Corporate Trust Office</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Depositary&rdquo;
shall mean The Bank of New York<FONT STYLE="text-underline-style: double; color: blue"><B><U> Mellon</U></B></FONT>, a New York
banking corporation, and any successor as depositary hereunder. The term &ldquo;Corporate Trust Office&rdquo;, when used with respect
to the Depositary, shall mean the office of the Depositary which at the date of this Agreement is 101 Barclay Street, New York,
New York 10286.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.10.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Deposited Securities</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Deposited
Securities&rdquo; as of any time shall mean Shares at such time deposited or deemed to be deposited under this Deposit Agreement
and any and all other securities, property and cash received by the Depositary or the Custodian in respect thereof and at such
time held hereunder, subject as to cash to the provisions of Section 4.05.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.11.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Dollars</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Dollars&rdquo;
shall mean United States dollars. <U> </U></P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.12.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Foreign Registrar</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Foreign
Registrar&rdquo; shall mean the entity that carries out the duties of registrar for the Shares and any other appointed agent of
the Company for the transfer and registration of Shares.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.13.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Owner</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Owner&rdquo;
shall mean the person in whose name a Receipt is registered on the books of the Depositary maintained for such purpose.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.14.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Receipts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Receipts&rdquo;
shall mean the American Depositary Receipts issued hereunder evidencing American Depositary Shares.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.15.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Registrar</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Registrar&rdquo;
shall mean any bank or trust company having an office in the Borough of Manhattan, The City of New York, which shall be appointed
to register Receipts and transfers of Receipts as herein provided.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.16.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Restricted Securities</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Restricted
Securities&rdquo; shall mean Shares, or Receipts representing such Shares, which are acquired directly or indirectly from the Company,
or any affiliate (as defined in Rule 144 to the Securities Act of 1933) of the Company, in a transaction or chain of transactions
not involving any public offering, or which are held by an officer, director (or persons performing similar functions) or other
affiliate of the Company, or which would require registration under the Securities Act of 1933 in connection with the public offer
and sale thereof in the United States, or which are subject to other restrictions on sale or deposit under the laws of the United
States or the Cayman Islands, or under a shareholder agreement or the articles of association or similar document of the Company.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.17.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Securities Act of 1933</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Securities
Act of 1933&rdquo; shall mean the United States Securities Act of 1933, as from time to time amended.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 1.18.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Shares</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The term &ldquo;Shares&rdquo;
shall mean ordinary shares in registered form of the Company, heretofore validly issued and outstanding and fully paid, nonassessable
and that were not issued in violation of any pre-emptive or similar rights of the holders of outstanding Shares or hereafter validly
issued and outstanding and fully paid, nonassessable and that are not issued in violation of any pre-emptive or similar rights
of the holders of outstanding Shares or interim certificates representing such Shares; <U>provided</U>, <U>however</U>, that, if
there shall occur any change in nominal value, a split-up or consolidation or any other reclassification or, upon the occurrence
of an event described in Section 4.08, an exchange or conversion in respect of the Shares of the Company, the term &ldquo;Shares&rdquo;
shall thereafter also mean the successor securities resulting from such change in nominal value, split-up or consolidation or such
other reclassification or such exchange or conversion.</P>

<P STYLE="font: bold 12pt Times New Roman Bold; margin: 0 0 12pt; text-indent: 0in">ARTICLE 2.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>FORM OF RECEIPTS, DEPOSIT OF SHARES, EXECUTION AND DELIVERY, TRANSFER AND SURRENDER OF RECEIPTS</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.01.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Form and Transferability of Receipts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Definitive Receipts
shall be substantially in the form set forth in Exhibit A annexed to this Deposit Agreement, with appropriate insertions, modifications
and omissions, as hereinafter provided. No Receipt shall be entitled to any benefits under this Deposit Agreement or be valid or
obligatory for any purpose, unless such Receipt shall have been executed by the Depositary by the manual or facsimile signature
of a duly authorized signatory of the Depositary and, if a Registrar for the Receipts shall have been appointed, countersigned
by the manual signature of a duly authorized officer of the Registrar. The Depositary shall maintain books on which each Receipt
so executed and delivered as hereinafter provided and the transfer of each such Receipt shall be registered. Receipts bearing the
manual or facsimile signature of a duly authorized signatory of the Depositary who was at any time a proper signatory of the Depositary
shall bind the Depositary, notwithstanding that such signatory has ceased to hold such office prior to the execution and delivery
of such Receipts by the Registrar or did not hold such office on the date of issuance of such Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Receipts may be
endorsed with or have incorporated in the text thereof such legends or recitals or modifications not inconsistent with the provisions
of this Deposit Agreement as may be required by the Depositary or required to comply with any applicable law or regulations thereunder
or with the rules and regulations of any securities exchange upon which American Depositary Shares may be listed or to conform
with any usage with respect thereto, or to indicate any special limitations or restrictions to which any particular Receipts are
subject by reason of the date of issuance of the underlying Deposited Securities or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Title to a Receipt
(and to the American Depositary Shares evidenced thereby), when properly endorsed or accompanied by proper instruments of transfer,
shall be transferable by delivery with the same effect as in the case of a negotiable instrument under the laws of New York; <U>provided</U>,
<U>however</U>, that the Depositary, notwithstanding any notice to the contrary, may treat the Owner thereof as the absolute owner
thereof for the purpose of determining the person entitled to distribution of dividends or other distributions or to any notice
provided for in this Deposit Agreement and for all other purposes.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.02.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Deposit of Shares</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Subject to the terms
and conditions of this Deposit Agreement, Shares or evidence of rights to receive Shares may be deposited by delivery thereof to
any Custodian hereunder, accompanied by any appropriate instrument or instruments of transfer, or endorsement, in form satisfactory
to the Custodian, together with all such certifications as may reasonably be required by the Depositary or the Custodian in accordance
with the provisions of this Deposit Agreement, and, if the Depositary requires, together with a written order directing the Depositary
to execute and deliver to, or upon the written order of, the person or persons stated in such order, a Receipt or Receipts for
the number of American Depositary Shares representing such deposit. No Share shall be accepted for deposit unless accompanied by
evidence, if any is required by the Depositary, that is reasonably satisfactory to the Depositary that any necessary approval has
been granted by any governmental body in the Republic of China that is then performing the function of the regulation of currency
exchange. If required by the Depositary, Shares presented for deposit at any time, whether or not the transfer books of the Company
or the Foreign Registrar, if applicable, are closed, shall also be accompanied by an agreement or assignment, or other instrument
satisfactory to the Depositary, which will provide for the prompt transfer to the Custodian of any dividend, or right to subscribe
for additional Shares or to receive other property which any person in whose name the Shares are or have been recorded may thereafter
receive upon or in respect of such deposited Shares, or in lieu thereof, such agreement of indemnity or other agreement as shall
be satisfactory to the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">At the request and
risk and expense of any person proposing to deposit Shares, and for the account of such person, the Depositary may receive certificates
for Shares to be deposited, together with the other instruments herein specified, for the purpose of forwarding such Share certificates
to the Custodian for deposit hereunder.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon each delivery
to a Custodian of a certificate or certificates for Shares to be deposited hereunder, together with the other documents above specified,
such Custodian shall, as soon as transfer and recordation can be accomplished, present such certificate or certificates to the
Company or the Foreign Registrar, if applicable, for transfer and recordation of the Shares being deposited in the name of the
Depositary or its nominee or such Custodian or its nominee.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Deposited Securities
shall be held by the Depositary or by a Custodian for the account and to the order of the Depositary or at such other place or
places as the Depositary shall determine.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; color: red"><STRIKE>Except
for Shares deposited by the Company or by persons named as selling shareholders in the final prospectus relating to the Company&rsquo;s
initial public offering of American Depositary Shares, no Shares shall be accepted for deposit under this Deposit Agreement without
the prior written consent of the Company during a period of 180 days following the date of that final prospectus.</STRIKE></P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.03.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Execution and Delivery of Receipts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon receipt by any
Custodian of any deposit pursuant to Section 2.02 hereunder (and in addition, if the transfer books of the Company or the Foreign
Registrar, if applicable, are open, the Depositary may in its sole discretion require a proper acknowledgment or other evidence
from the Company that any Deposited Securities have been recorded upon the books of the Company or the Foreign Registrar, if applicable,
in the name of the Depositary or its nominee or such Custodian or its nominee), together with the other documents required as above
specified, such Custodian shall notify the Depositary of such deposit and the person or persons to whom or upon whose written order
a Receipt or Receipts are deliverable in respect thereof and the number of American Depositary Shares to be evidenced thereby.
Such notification shall be made by letter or, at the request, risk and expense of the person making the deposit, by cable, telex
or facsimile transmission. Upon receiving such notice from such Custodian, or upon the receipt of Shares by the Depositary, the
Depositary, subject to the terms and conditions of this Deposit Agreement, shall execute and deliver at its Corporate Trust Office,
to or upon the order of the person or persons entitled thereto, a Receipt or Receipts, registered in the name or names and evidencing
any authorized number of American Depositary Shares requested by such person or persons, but only upon payment to the Depositary
of the fees and expenses of the Depositary for the execution and delivery of such Receipt or Receipts as provided in Section 5.09,
and of all taxes and governmental charges and fees payable in connection with such deposit and the transfer of the Deposited Securities.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.04.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Registration of Transfer of Receipts; Combination and Split-up of Receipts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary, subject
to the terms and conditions of this Deposit Agreement, shall register transfers of Receipts on its transfer books from time to
time, upon any surrender of a Receipt, by the Owner in person or by a duly authorized attorney, properly endorsed or accompanied
by proper instruments of transfer, and duly stamped as may be required by the laws of the State of New York and of the United States
of America. Thereupon the Depositary shall execute a new Receipt or Receipts and deliver the same to or upon the order of the person
entitled thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary, subject
to the terms and conditions of this Deposit Agreement, shall upon surrender of a Receipt or Receipts for the purpose of effecting
a split-up or combination of such Receipt or Receipts, execute and deliver a new Receipt or Receipts for any authorized number
of American Depositary Shares requested, evidencing the same aggregate number of American Depositary Shares as the Receipt or Receipts
surrendered.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
appoint one or more co-transfer agents for the purpose of effecting transfers, combinations and split-ups of Receipts at designated
transfer offices on behalf of the Depositary. In carrying out its functions, a co-transfer agent may require evidence of authority
and compliance with applicable laws and other requirements by Owners or persons entitled to Receipts and will be entitled to protection
and indemnity to the same extent as the Depositary.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.05.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Surrender of Receipts and Withdrawal of Shares</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon surrender at
the Corporate Trust Office of the Depositary of a Receipt for the purpose of withdrawal of the Deposited Securities represented
by the American Depositary Shares evidenced by such Receipt, and upon payment of the fee of the Depositary for the surrender of
Receipts as provided in Section 5.09 and payment of all taxes and governmental charges payable in connection with such surrender
and withdrawal of the Deposited Securities, and subject to the terms and conditions of this Deposit Agreement, the Owner of such
Receipt shall be entitled to delivery, to him or upon his order, of the amount of Deposited Securities at the time represented
by the American Depositary Shares evidenced by such Receipt. Delivery of such Deposited Securities may be made by the delivery
of (a) certificates in the name of such Owner or as ordered by him or certificates properly endorsed or accompanied by proper instruments
of transfer to such Owner or as ordered by him and (b) any other securities, property and cash to which such Owner is then entitled
in respect of such Receipts to such Owner or as ordered by him. Such delivery shall be made, as hereinafter provided, without unreasonable
delay.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">A Receipt surrendered
for such purposes may be required by the Depositary to be properly endorsed in blank or accompanied by proper instruments of transfer
in blank, and if the Depositary so requires, the Owner thereof shall execute and deliver to the Depositary a written order directing
the Depositary to cause the Deposited Securities being withdrawn to be delivered to or upon the written order of a person or persons
designated in such order. Thereupon the Depositary shall direct the Custodian to deliver at the office of such Custodian, subject
to Sections 2.06, 3.01 and 3.02 and to the other terms and conditions of this Deposit Agreement, to or upon the written order of
the person or persons designated in the order delivered to the Depositary as above provided, the amount of Deposited Securities
represented by the American Depositary Shares evidenced by such Receipt, except that the Depositary may make delivery to such person
or persons at the Corporate Trust Office of the Depositary of any dividends or distributions with respect to the Deposited Securities
represented by the American Depositary Shares evidenced by such Receipt, or of any proceeds of sale of any dividends, distributions
or rights, which may at the time be held by the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">At the request, risk
and expense of any Owner so surrendering a Receipt, and for the account of such Owner, the Depositary shall direct the Custodian
to forward any cash or other property (other than rights) comprising, and forward a certificate or certificates, if applicable,
and other proper documents of title for, the Deposited Securities represented by the American Depositary Shares evidenced by such
Receipt to the Depositary for delivery at the Corporate Trust Office of the Depositary. Such direction shall be given by letter
or, at the request, risk and expense of such Owner, by cable, telex or facsimile transmission.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.06.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Limitations on Execution and Delivery, Transfer and Surrender of Receipts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">As a condition precedent
to the execution and delivery, registration of transfer, split-up, combination or surrender of any Receipt or withdrawal of any
Deposited Securities, the Depositary, Custodian or Registrar may require payment from the depositor of Shares or the presenter
of the Receipt of a sum sufficient to reimburse it for any tax or other governmental charge and any stock transfer or registration
fee with respect thereto (including any such tax or charge and fee with respect to Shares being deposited or withdrawn) and payment
of any applicable fees as herein provided, may require the production of proof satisfactory to it as to the identity and genuineness
of any signature and may also require compliance with any regulations the Depositary may establish consistent with the provisions
of this Deposit Agreement, including, without limitation, this Section 2.06.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The delivery of Receipts
against deposit of Shares generally or against deposit of particular Shares may be suspended, or the transfer of Receipts in particular
instances may be refused, or the registration of transfer of outstanding Receipts generally may be suspended, during any period
when the transfer books of the Depositary are closed, or if any such action is deemed necessary or advisable by the Depositary
or the Company at any time or from time to time because of any requirement of law or of any government or governmental body or
commission, or under any provision of this Deposit Agreement, or for any other reason, subject to the provisions of the following
sentence. Notwithstanding anything to the contrary in this Deposit Agreement, the surrender of outstanding Receipts and withdrawal
of Deposited Securities may not be suspended subject only to (i) temporary delays caused by closing the transfer books of the Depositary
or the Company or the deposit of Shares in connection with voting at a shareholders&rsquo; meeting, or the payment of dividends,
(ii) the payment of fees, taxes and similar charges, and (iii) compliance with any U.S. or foreign laws or governmental regulations
relating to the Receipts or to the withdrawal of the Deposited Securities. Without limitation of the foregoing, the Depositary
shall not knowingly accept for deposit under this Deposit Agreement any Shares which would be required to be registered under the
provisions of the Securities Act of 1933 for the public offer and sale thereof in the United States unless a registration statement
is in effect as to such Shares for such offer and sale.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.07.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Lost Receipts, etc.</U></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In case any Receipt
shall be mutilated, destroyed, lost or stolen, the Depositary shall execute and deliver a new Receipt of like tenor in exchange
and substitution for such mutilated Receipt upon cancellation thereof, or in lieu of and in substitution for such destroyed, lost
or stolen Receipt. Before the Depositary shall execute and deliver a new Receipt in substitution for a destroyed, lost or stolen
Receipt, the Owner thereof shall have (a) filed with the Depositary (i) a request for such execution and delivery before the Depositary
has notice that the Receipt has been acquired by a bona fide purchaser and (ii) a sufficient indemnity bond and (b) satisfied any
other reasonable requirements imposed by the Depositary.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.08.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Cancellation and Destruction of Surrendered Receipts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">All Receipts surrendered
to the Depositary shall be canceled by the Depositary. The Depositary is authorized to destroy Receipts so canceled.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 2.09.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Pre-Release of Receipts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Notwithstanding Section
2.03 hereof, the Depositary may execute and deliver Receipts prior to the receipt of Shares pursuant to Section 2.02 (a &ldquo;Pre-Release&rdquo;).
The Depositary may, pursuant to Section 2.05, deliver Shares upon the receipt and cancellation of Receipts which have been Pre-Released,
whether or not such cancellation is prior to the termination of such Pre-Release or the Depositary knows that such Receipt has
been Pre-Released. The Depositary may receive Receipts in lieu of Shares in satisfaction of a Pre-Release. Each Pre-Release will
be (a) preceded or accompanied by a written representation from the person to whom Receipts or Shares are to be delivered, that
such person, or its customer, owns the Shares or Receipts to be remitted, as the case may be, (b) at all times fully collateralized
with cash or such other collateral as the Depositary deems appropriate, (c) terminable by the Depositary on not more than five
(5) business days<FONT STYLE="text-underline-style: double; color: blue"><B><U>&rsquo;</U></B></FONT> notice, and (d) subject to
such further indemnities and credit regulations as the Depositary deems appropriate. The number of Shares represented by American
Depositary Shares which are outstanding at any time as a result of Pre-Release will not normally exceed thirty percent (30%) of
the Shares deposited hereunder; <U>provided</U>, <U>however</U>, that the Depositary reserves the right to change or disregard
such limit from time to time as it deems appropriate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
retain for its own account any compensation received by it in connection with the foregoing.</P>

<P STYLE="font: bold 12pt Times New Roman Bold; margin: 0 0 12pt; text-indent: 0in">ARTICLE 3.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>CERTAIN OBLIGATIONS OF OWNERS AND BENEFICIAL OWNERS OF RECEIPTS</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 3.01.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Filing Proofs, Certificates and Other Information</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Any person presenting
Shares for deposit or any Owner or Beneficial Owner of a Receipt may be required from time to time to file with the Depositary
or the Custodian such proof of citizenship or residence, exchange control approval, or such information relating to the registration
on the books of the Company or the Foreign Registrar, if applicable, to execute such certificates and to make such representations
and warranties, as the Depositary may deem necessary or proper. The Depositary may withhold the delivery or registration of transfer
of any Receipt or the distribution of any dividend or sale or distribution of rights or of the proceeds thereof or the delivery
of any Deposited Securities until such proof or other information is filed or such certificates are executed or such representations
and warranties made. If requested in writing by the Company, the Depositary shall, as promptly as practicable, provide the Company,
at the expense of the Company, with copies of any proofs, certificates or other information it receives pursuant to this Section
3.01, to the extent that disclosure is permitted by applicable law.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 3.02.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Liability of Owner or Beneficial Owner for Taxes</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any tax or other
governmental charge shall become payable by the Custodian or the Depositary with respect to any Receipt or any Deposited Securities
represented by any Receipt, such tax or other governmental charge shall be payable by the Owner or Beneficial Owner of such Receipt
to the Depositary. The Depositary may refuse to effect any transfer of such Receipt or any withdrawal of Deposited Securities represented
by American Depositary Shares evidenced by such Receipt until such payment is made, and may withhold any dividends or other distributions,
or may sell for the account of the Owner or Beneficial Owner thereof any part or all of the Deposited Securities represented by
the American Depositary Shares evidenced by such Receipt, and may apply such dividends or other distributions or the proceeds of
any such sale in payment of such tax or other governmental charge and the Owner or Beneficial Owner of such Receipt shall remain
liable for any deficiency.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 3.03.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Warranties on Deposit of Shares</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Every person depositing
Shares under this Deposit Agreement shall be deemed thereby to represent and warrant that such Shares and each certificate therefor,
if applicable, are validly issued, fully paid, nonassessable and were not issued in violation of any preemptive rights of the holders
of outstanding Shares and that the person making such deposit is duly authorized so to do. Every such person shall also be deemed
to represent that such Shares are not, and American Depositary Shares representing such Shares would not be, Restricted Securities.
Such representations and warranties shall survive the deposit of Shares and delivery of Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 3.04.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Disclosure of Interests</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Notwithstanding any
other provision of this Deposit Agreement, each Owner and Beneficial Owner agrees to comply with requests from the Company pursuant
to applicable law or the Memorandum and Articles of Association of the Company to provide information, inter alia, as to the capacity
in which such Owner or Beneficial Owner owns American Depositary Shares (and Shares, as the case may be) and regarding the identity
of any other person or persons interested in such American Depositary Shares (and Shares, as the case may be) and the nature of
such interest and various other matters, whether or not they are Owners or Beneficial Owners at the time of such request. The Depositary
agrees to use its reasonable efforts to forward, upon the reasonable written request of the Company and at the expense of the Company,
any such written request from the Company to the Owners and to forward, as promptly as practicable, to the Company any responses
to such requests received by the Depositary. If the Company requests information from the Depositary, the Custodian or the nominee
of either, as the registered owner of the Shares, the obligations of the Depositary, Custodian or such nominee, as the case may
be, shall be limited to disclosing to the Company the information contained in the register.</P>

<P STYLE="font: bold 12pt Times New Roman Bold; margin: 0 0 12pt; text-indent: 0in">ARTICLE 4.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>THE DEPOSITED SECURITIES</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.01.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Cash Distributions</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever the Depositary
shall receive any cash dividend or other cash distribution on any Deposited Securities, the Depositary shall, subject to the provisions
of Section 4.05, convert, as promptly as practicable, such dividend or distribution into Dollars and shall distribute, as promptly
as practicable, the amount thus received (net of the fees and expenses of the Depositary as provided in Section 5.09, if applicable)
to the Owners entitled thereto, in proportion to the number of American Depositary Shares representing such Deposited Securities
held by them respectively; <U>provided</U>, <U>however</U>, that in the event that the Company or the Depositary shall be required
to withhold and does withhold from such cash dividend or such other cash distribution an amount on account of taxes, the amount
distributed to the Owner of the Receipts evidencing American Depositary Shares representing such Deposited Securities shall be
reduced accordingly. The Depositary shall distribute only such amount, however, as can be distributed without attributing to any
Owner a fraction of one cent. Any such fractional amounts shall be rounded to the nearest whole cent and so distributed to Owners
entitled thereto. The Company or its agent will remit to the appropriate governmental agency in the Republic of China all amounts
withheld and owing to such agency. The Depositary will forward to the Company or its agent such information from its records as
the Company may reasonably request to enable the Company or its agent to file necessary reports with governmental agencies, and
the Depositary or the Company or its agent may file any such reports necessary to obtain benefits under the applicable tax treaties
for the Owners of Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.02.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Distributions Other Than Cash, Shares or Rights</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Subject to the provisions
of Sections 4.11 and 5.09, whenever the Depositary shall receive any distribution other than a distribution described in Section
4.01, 4.03 or 4.04, the Depositary shall cause the securities or property received by it to be distributed to the Owners entitled
thereto, after deduction or upon payment of any fees and expenses of the Depositary or any taxes or other governmental charges,
in proportion to the number of American Depositary Shares representing such Deposited Securities held by them respectively, in
any manner that the Depositary may deem equitable and practicable for accomplishing such distribution; <U>provided</U>, <U>however</U>,
that if in the opinion of the Depositary such distribution cannot be made proportionately among the Owners entitled thereto, or
if for any other reason (including, but not limited to, any requirement that the Company or the Depositary withhold an amount on
account of taxes or other governmental charges or that such securities must be registered under the Securities Act of 1933 in order
to be distributed to Owners or Beneficial Owners) the Depositary deems such distribution not to be feasible, the Depositary may,
after Consultation with the Company to the extent practicable, adopt such method as it may deem equitable and practicable for the
purpose of effecting such distribution, including, but not limited to, the public or private sale of the securities or property
thus received, or any part thereof, and the net proceeds of any such sale (net of the fees and expenses of the Depositary as provided
in Section 5.09) shall be distributed by the Depositary to the Owners entitled thereto, all in the manner and subject to the conditions
described in Section 4.01. The Depositary may withhold any distribution of securities under this Section 4.02 if it has not received
satisfactory assurances from the Company that the distribution does not require registration under the Securities Act of 1933.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.03.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Distributions in Shares</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any distribution
upon any Deposited Securities consists of a dividend in, or free distribution of, Shares, the Depositary may, and shall if the
Company requests in writing, distribute to the Owners of outstanding Receipts entitled thereto, in proportion to the number of
American Depositary Shares representing such Deposited Securities held by them respectively, additional Receipts evidencing an
aggregate number of American Depositary Shares representing the amount of Shares received as such dividend or free distribution,
subject to the terms and conditions of the Deposit Agreement with respect to the deposit of Shares and the issuance of American
Depositary Shares evidenced by Receipts, including the withholding of any tax or other governmental charge as provided in Section
4.11 and the payment of the fees and expenses of the Depositary as provided in Section 5.09. The Depositary may withhold any such
distribution of Receipts if it has not received satisfactory assurances from the Company that such distribution does not require
registration under the Securities Act of 1933. In lieu of delivering Receipts for fractional American Depositary Shares in any
such case, the Depositary shall sell the amount of Shares represented by the aggregate of such fractions and distribute the net
proceeds to the Owners entitled to them, all in the manner and subject to the conditions described in Section 4.01. If additional
Receipts are not so distributed, each American Depositary Share shall thenceforth also represent the additional Shares distributed
upon the Deposited Securities represented thereby.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.04.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Rights</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In the event that
the Company shall offer or cause to be offered to the holders of any Deposited Securities any rights to subscribe for additional
Shares or any rights of any other nature, the Depositary shall, after Consultation with the Company, have discretion as to the
procedure to be followed in making such rights available to any Owners entitled to them or in disposing of such rights on behalf
of any Owners otherwise entitled to them and making the net proceeds available to such Owners or, if by the terms of such rights
offering or for any other reason, the Depositary may not either make such rights available to any Owners or dispose of such rights
and make the net proceeds available to such Owners, then the Depositary shall allow the rights to lapse. If at the time of the
offering of any rights the Depositary determines in its discretion that it is lawful and feasible to make such rights available
to all or certain Owners but not to other Owners, the Depositary may, after Consultation with the Company, distribute to any Owner
to whom it determines the distribution to be lawful and feasible, in proportion to the number of American Depositary Shares held
by such Owner, warrants or other instruments therefor in such form as it deems appropriate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In circumstances in
which rights would otherwise not be distributed, if an Owner of Receipts requests the distribution of warrants or other instruments
in order to exercise the rights allocable to the American Depositary Shares of such Owner hereunder, the Depositary will make such
rights available to such Owner upon written notice from the Company to the Depositary that (a) the Company has elected in its sole
discretion to permit such rights to be exercised and (b) such Owner has executed such documents as the Company has determined in
its sole discretion are reasonably required under applicable law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If the Depositary
has distributed warrants or other instruments for rights to all or certain Owners, then upon instruction from such an Owner pursuant
to such warrants or other instruments to the Depositary from such Owner to exercise such rights, upon payment by such Owner to
the Depositary for the account of such Owner of an amount equal to the purchase price of the Shares to be received upon the exercise
of the rights, and upon payment of the fees and expenses of the Depositary and any other charges as set forth in such warrants
or other instruments, the Depositary shall, on behalf of such Owner, exercise the rights and purchase the Shares, and the Company
shall cause the Shares so purchased to be delivered to the Depositary on behalf of such Owner. As agent for such Owner, the Depositary
will cause the Shares so purchased to be deposited pursuant to Section 2.02 of this Deposit Agreement, and shall, pursuant to Section
2.03 of this Deposit Agreement, execute and deliver Receipts to such Owner; <U>provided</U>, <U>however</U>, that in the case of
a distribution pursuant to the second paragraph of this Section, such deposit shall be made, and depositary shares shall be delivered,
under depositary arrangements which provide for issuance of depositary receipts subject to the appropriate restrictions on sale,
deposit, cancellation, and transfer under applicable United States laws.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If the Depositary
determines in its discretion that it is not lawful and feasible to make such rights available to all or certain Owners, it may
sell the rights, warrants or other instruments in proportion to the number of American Depositary Shares held by the Owners to
whom it has determined it may not lawfully or feasibly make such rights available, and allocate the net proceeds of such sales
(net of the fees and expenses of the Depositary as provided in Section 5.09 and all taxes and governmental charges payable in connection
with such rights and subject to the terms and conditions of this Deposit Agreement) for the account of such Owners otherwise entitled
to such rights, warrants or other instruments, upon an averaged or other practical basis without regard to any distinctions among
such Owners because of exchange restrictions or the date of delivery of any Receipt or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Except as otherwise
provided in the third preceding paragraph, the Depositary will not offer rights to Owners unless both the rights and the securities
to which such rights relate are either exempt from registration under the Securities Act of 1933 with respect to a distribution
to all Owners or are registered under the provisions of such Act. Nothing in this Deposit Agreement shall create any obligation
on the part of the Company to file a registration statement with respect to such rights or underlying securities or to endeavor
to have such a registration statement declared effective. If an Owner of Receipts requests the distribution of warrants or other
instruments, notwithstanding that there has been no such registration under such Act, the Depositary shall not effect such distribution
unless it has received an opinion from recognized counsel in the United States for the Company upon which the Depositary may rely
that such distribution to such Owner is exempt from such registration; <U>provided</U>, <U>however</U>, that the Company will have
no obligation to cause its counsel to issue such opinion at the request of such Owner.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary shall
not be responsible for any reasonable failure by it, or any failure by the Company, to determine that it may be lawful or feasible
to make such rights available to Owners in general or any Owner in particular.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.05.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Conversion of Foreign Currency</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever the Depositary
or the Custodian shall receive foreign currency, by way of dividends or other distributions or the net proceeds from the sale of
securities, property or rights, and if at the time of the receipt thereof the foreign currency so received can in the judgment
of the Depositary be converted on a reasonable basis into Dollars and the resulting Dollars transferred to the United States, the
Depositary shall, as promptly as practicable, convert or cause to be converted, by sale or in any other manner that it may determine,
such foreign currency into Dollars, and such Dollars shall be distributed, as promptly as practicable, to the Owners entitled thereto
or, if the Depositary shall have distributed any warrants or other instruments which entitle the holders thereof to such Dollars,
then to the holders of such warrants or instruments upon surrender thereof for cancellation. Such distribution may be made upon
an averaged or other practicable basis without regard to any distinctions among Owners on account of exchange restrictions, the
date of delivery of any Receipt or otherwise and shall be net of any expenses of conversion into Dollars incurred by the Depositary
as provided in Section 5.09.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If such conversion
or distribution can be effected only with the approval or license of any government or agency thereof, the Depositary shall file
such application for approval or license, if any, as it may deem desirable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If at any time the
Depositary shall determine that in its judgment any foreign currency received by the Depositary or the Custodian is not convertible
on a reasonable basis into Dollars transferable to the United States, or if any approval or license of any government or agency
thereof which is required for such conversion is denied or in the opinion of the Depositary is not obtainable, or if any such approval
or license is not obtained within a reasonable period as determined by the Depositary, the Depositary may distribute the foreign
currency (or an appropriate document evidencing the right to receive such foreign currency) received by the Depositary to, or in
its discretion may hold such foreign currency uninvested and without liability for interest thereon for the respective accounts
of, the Owners entitled to receive the same.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any such conversion
of foreign currency, in whole or in part, cannot be effected for distribution to some of the Owners entitled thereto, the Depositary
may in its discretion make such conversion and distribution in Dollars to the extent permissible to the Owners entitled thereto
and may distribute the balance of the foreign currency received by the Depositary to, or hold such balance uninvested and without
liability for interest thereon for the respective accounts of, the Owners entitled thereto.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.06.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Fixing of Record Date</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever any cash
dividend or other cash distribution shall become payable or any distribution other than cash shall be made, or whenever rights
shall be issued with respect to the Deposited Securities, or whenever the Depositary shall receive notice of any meeting of holders
of Shares or other Deposited Securities, or whenever for any reason the Depositary causes a change in the number of Shares that
are represented by each American Depositary Share, or whenever the Depositary shall find it necessary or convenient, the Depositary
shall fix a record date (a) for the determination of the Owners who shall be (i) entitled to receive such dividend, distribution
or rights or the net proceeds of the sale thereof or (ii) entitled to give instructions for the exercise of voting rights at any
such meeting or (iii) responsible for any fee or charges assessed by the Depositary pursuant to this Deposit Agreement, or (b)
on or after which each American Depositary Share will represent the changed number of Shares. Subject to the provisions of Sections
4.01 through 4.05 and to the other terms and conditions of this Deposit Agreement, the Owners on such record date shall be entitled,
as the case may be, to receive the amount distributable by the Depositary with respect to such dividend or other distribution or
such rights or the net proceeds of sale thereof in proportion to the number of American Depositary Shares held by them respectively,
to give voting instructions or to act in respect of any other such matter.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.07.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Voting of Deposited Securities</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon receipt from
the Company of notice of any meeting or solicitation of proxies or consents of holders of Shares or other Deposited Securities,
the Depositary shall, if requested in writing by the Company, as soon as practicable thereafter, mail to the Owners a notice, the
form of which notice shall be in the sole discretion of the Depositary, which shall contain (a) such information as is contained
in such notice of meeting received by the Depositary from the Company, (b) a statement that the Owners as of the close of business
on a specified record date will be entitled, subject to any applicable provision of Cayman Islands law and of the articles of association
or similar document of the Company, to instruct the Depositary as to the exercise of the voting rights, if any, pertaining to the
amount of Shares or other Deposited Securities represented by their respective American Depositary Shares and (c) a statement as
to the manner in which such instructions may be given (including an express indication that, if no instruction is received, instructions
may be deemed given in accordance with the last sentence of this paragraph to give a discretionary proxy to a person designated
by the Company). Upon the written request of an Owner of a Receipt on such record date, received on or before the date established
by the Depositary for such purpose (the &ldquo;Instruction Date&rdquo;), the Depositary shall endeavor, in so far as practicable,
to vote or cause to be voted the amount of Shares or other Deposited Securities represented by the American Depositary Shares evidenced
by such Receipt in accordance with the instructions set forth in such request. The Depositary shall not vote or attempt to exercise
the right to vote that attaches to such Shares or other Deposited Securities other than in accordance with such instructions or
deemed instructions. If (i) the Company made a request to the Depositary as contemplated by the first sentence of this Section
4.07 and complied with the following paragraph of this Section 4.07 and (ii) no instructions are received by the Depositary from
an Owner with respect to an amount of Deposited Securities represented by the American Depositary Shares evidenced by such Owner's
Receipts on or before the Instruction Date, the Depositary shall deem such Owner to have instructed the Depositary to give, and
the Depositary shall give, a discretionary proxy to a person designated by the Company with respect to that amount of Deposited
Securities; <U>provided</U>, <U>however</U>, that no such instruction shall be deemed given and no such discretionary proxy shall
be given with respect to any matter as to which the Company informs the Depositary (and the Company agrees to provide such information
as promptly as practicable in writing, if applicable) that (x) the Company does not wish such proxy given, (y) the Company is aware
that substantial opposition exists or (z) such matter materially and adversely affects the rights of holders of Shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In order to give Owners
a reasonable opportunity to instruct the Depositary as to the exercise of voting rights relating to Deposited Securities, if the
Company request the Depositary to act under the preceding paragraph, the Company shall give the Depositary notice of any such meeting
or solicitation not less than 45 days prior to the meeting date or date for giving such proxies or consents.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.08.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Changes Affecting Deposited Securities</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In circumstances where
the provisions of Section 4.03 do not apply, upon any change in nominal value, change in par value, split-up, consolidation or
any other reclassification of Deposited Securities, or upon any recapitalization, reorganization, merger or consolidation or sale
of assets affecting the Company or to which it is a party, any securities which shall be received by the Depositary or a Custodian
in exchange for or in conversion of or in respect of Deposited Securities, shall be treated as new Deposited Securities under this
Deposit Agreement, and American Depositary Shares shall thenceforth represent, in addition to the existing Deposited Securities,
the right to receive the new Deposited Securities so received in exchange or conversion, unless additional Receipts are delivered
pursuant to the following sentence. In any such case the Depositary may, and shall at the Company&rsquo;s written request, execute
and deliver additional Receipts as in the case of a dividend in Shares, or call for the surrender of outstanding Receipts to be
exchanged for new Receipts specifically describing such new Deposited Securities.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.09.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Reports</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary shall
make available for inspection by Owners at its Corporate Trust Office any reports and communications, including any proxy soliciting
material, received from the Company which are both (a) received by the Depositary as the holder of the Deposited Securities and
(b) made generally available to the holders of such Deposited Securities by the Company. The Depositary shall also send to the
Owners copies of such reports when furnished by the Company pursuant to Section 5.06. Any such reports and communications, including
any such proxy soliciting material, furnished to the Depositary by the Company shall be furnished in English, to the extent such
materials are required to be translated into English pursuant to any regulations of the Commission.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.10.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Lists of Owners</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Promptly upon request
by the Company, the Depositary shall, at the expense of the Company, furnish to it a list, as of a recent date, of the names, addresses
and holdings of American Depositary Shares by all persons in whose names Receipts are registered on the books of the Depositary.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 4.11.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Withholding</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In the event that
the Depositary determines that any distribution in property (including Shares and rights to subscribe therefor) is subject to any
tax or other governmental charge which the Depositary is obligated to withhold, the Depositary may by public or private sale dispose
of all or a portion of such property (including Shares and rights to subscribe therefor) in such amounts and in such manner as
the Depositary deems necessary and practicable to pay such taxes or charges and the Depositary shall distribute the net proceeds
of any such sale after deduction of such taxes or charges to the Owners entitled thereto in proportion to the number of American
Depositary Shares held by them respectively.</P>

<P STYLE="font: bold 12pt Times New Roman Bold; margin: 0 0 12pt; text-indent: 0in">ARTICLE 5.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>THE DEPOSITARY, THE CUSTODIANS AND THE COMPANY</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.01.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Maintenance of Office and Transfer Books by the Depositary</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Until termination
of this Deposit Agreement in accordance with its terms, the Depositary shall maintain in the Borough of Manhattan, The City of
New York, facilities for the execution and delivery, registration, registration of transfers and surrender of Receipts in accordance
with the provisions of this Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary shall
keep books, at its Corporate Trust Office, for the registration of Receipts and transfers of Receipts which at all reasonable times
shall be open for inspection by the Owners and the Company, provided that such inspection shall not be for the purpose of communicating
with Owners in the interest of a business or object other than the business of the Company or a matter related to this Deposit
Agreement or the Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
close the transfer books, at any time or from time to time, when deemed expedient by it in connection with the performance of its
duties hereunder or at the reasonable request of the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any Receipts or
the American Depositary Shares evidenced thereby are listed on one or more stock exchanges in the United States, the Depositary
shall act as Registrar or appoint a Registrar or one or more co-registrars for registry of such Receipts in accordance with any
requirements of such exchange or exchanges.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.02.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Prevention or Delay in Performance by the Depositary or the Company</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Neither the Depositary
nor the Company nor any of their respective directors, officers, employees, agents or affiliates shall incur any liability to any
Owner or Beneficial Owner if, by reason of any provision of any present or future law or regulation of the United States or any
other country, or of any governmental or regulatory authority or stock exchange, or by reason of any provision, present or future,
of the articles of association or similar document of the Company, or by reason of any provision of any securities issued or distributed
by the Company, or any offering or distribution thereof, or by reason of any act of God or war or terrorism or other circumstances
beyond its control, the Depositary or the Company shall be prevented, delayed or forbidden from, or be subject to any civil or
criminal penalty on account of, doing or performing any act or thing which by the terms of this Deposit Agreement or Deposited
Securities it is provided shall be done or performed; nor shall the Depositary or the Company or any of their respective directors,
officers, employees, agents or affiliates incur any liability to any Owner or Beneficial Owner of any Receipt by reason of any
nonperformance or delay, caused as aforesaid, in the performance of any act or thing which by the terms of this Deposit Agreement
it is provided shall or may be done or performed, or by reason of any exercise of, or failure to exercise, any discretion provided
for in this Deposit Agreement. Where, by the terms of a distribution pursuant to Section 4.01, 4.02, or 4.03, or an offering or
distribution pursuant to Section 4.04, or for any other reason, such distribution or offering may not be made available to Owners,
and the Depositary may not dispose of such distribution or offering on behalf of such Owners and make the net proceeds available
to such Owners, then the Depositary shall not make such distribution or offering, and shall allow any rights, if applicable, to
lapse.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.03.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Obligations of the Depositary, the Custodian and the Company</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company assumes
no obligation nor shall it be subject to any liability under this Deposit Agreement to Owners or Beneficial Owners, except that
it agrees to perform its obligations specifically set forth in this Deposit Agreement without negligence or bad faith.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary assumes
no obligation nor shall it be subject to any liability under this Deposit Agreement to any Owner or Beneficial Owner (including,
without limitation, liability with respect to the validity or worth of the Deposited Securities), except that it agrees to perform
its obligations specifically set forth in this Deposit Agreement without negligence or bad faith.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Neither the Depositary
nor the Company shall be under any obligation to appear in, prosecute or defend any action, suit or other proceeding in respect
of any Deposited Securities or in respect of the Receipts on behalf of any Owner, Beneficial Owner or other person, and the Custodian
shall not be under any obligation whatsoever with respect to such proceedings, the responsibility of the Custodian being solely
to the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Neither the Depositary
nor the Company shall be liable for any action or nonaction by it in reliance upon the advice of or information from legal counsel,
accountants, any person presenting Shares for deposit, any Owner or any other person believed by it in good faith to be competent
to give such advice or information.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary shall
not be liable for any acts or omissions made by a successor depositary whether in connection with a previous act or omission of
the Depositary or in connection with any matter arising wholly after the removal or resignation of the Depositary, provided that
in connection with the issue out of which such potential liability arises the Depositary performed its obligations without negligence
or bad faith while it acted as Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary shall
not be responsible for any failure to carry out any instructions to vote any of the Deposited Securities, or for the manner in
which any such vote is cast or the effect of any such vote, provided that any such action or nonaction is in good faith.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">No disclaimer of liability
under the Securities Act of 1933 is intended by any provision of this Deposit Agreement.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.04.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Resignation and Removal of the Depositary</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
at any time resign as Depositary by written notice of its election so to do delivered to the Company, such resignation to take
effect upon the appointment of a successor depositary and its acceptance of such appointment as hereinafter provided.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
at any time be removed by the Company by 90 days&rsquo; prior written notice of such removal, to become effective upon the later
of (i) the 90th day after delivery of the notice to the Depositary or (ii) the appointment of a successor depositary and its acceptance
of such appointment as hereinafter provided.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In case at any time
the Depositary acting hereunder shall resign or be removed, the Company shall use its reasonable efforts to appoint a successor
depositary, which shall be a bank or trust company having an office in the Borough of Manhattan, The City of New York. Every successor
depositary shall execute and deliver to its predecessor and to the Company an instrument in writing accepting its appointment hereunder,
and thereupon such successor depositary, without any further act or deed, shall become fully vested with all the rights, powers,
duties and obligations of its predecessor; but such predecessor, nevertheless, upon payment of all sums due it and on the written
request of the Company shall execute and deliver an instrument transferring to such successor all rights and powers of such predecessor
hereunder, shall duly assign, transfer and deliver all right, title and interest in the Deposited Securities to such successor,
and shall deliver to such successor a list of the Owners of all outstanding Receipts. Any such successor depositary shall promptly
mail notice of its appointment to the Owners.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Any corporation into
or with which the Depositary may be merged or consolidated shall be the successor of the Depositary without the execution or filing
of any document or any further act.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.05.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>The Custodians</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Custodian shall
be subject at all times and in all respects to the directions of the Depositary and shall be responsible solely to it. Any Custodian
may resign and be discharged from its duties hereunder by notice of such resignation delivered to the Depositary at least 30 days
prior to the date on which such resignation is to become effective. If upon the effectiveness of such resignation there would be
no Custodian acting hereunder, the Depositary shall, as promptly as practicable after receiving such notice, appoint a substitute
custodian or custodians, each of which shall thereafter be a Custodian hereunder. Whenever the Depositary in its discretion determines
that it is in the best interest of the Owners to do so, it may appoint a substitute or additional custodian or custodians, each
of which shall thereafter be one of the Custodians hereunder. Upon demand of the Depositary any Custodian shall deliver such of
the Deposited Securities held by it as are requested of it to any other Custodian or such substitute or additional custodian or
custodians. Each such substitute or additional custodian shall deliver to the Depositary, forthwith upon its appointment, an acceptance
of such appointment satisfactory in form and substance to the Depositary. The Depositary shall notify the Company as promptly as
practicable of any change in Custodians.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon the appointment
of any successor depositary hereunder, each Custodian then acting hereunder shall forthwith become, without any further act or
writing, the agent hereunder of such successor depositary and the appointment of such successor depositary shall in no way impair
the authority of each Custodian hereunder; but the successor depositary so appointed shall, nevertheless, on the written request
of any Custodian, execute and deliver to such Custodian all such instruments as may be proper to give to such Custodian full and
complete power and authority as agent hereunder of such successor depositary.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.06.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notices and Reports</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">On or before the first
date on which the Company gives notice, by publication or otherwise, of any meeting of holders of Shares or other Deposited Securities,
or of any adjourned meeting of such holders, or of the taking of any action in respect of any cash or other distributions or the
offering of any rights, the Company agrees to transmit to the Depositary and the Custodian a copy of the notice thereof in English
but otherwise in the form given or to be given to holders of Shares or other Deposited Securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company will arrange
for the translation into English, if not already in English, to the extent required pursuant to any regulations of the Commission,
and the prompt transmittal by the Company to the Depositary and the Custodian of such notices and any other reports and communications
which are made generally available by the Company to holders of its Shares. If requested in writing by the Company, the Depositary
will arrange for the mailing, at the Company&rsquo;s expense, of copies of such notices, reports and communications to all Owners.
The Company will timely provide the Depositary with the quantity of such notices, reports, and communications, as requested by
the Depositary from time to time, in order for the Depositary to effect such mailings.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company has delivered
to the Depositary and the Custodian a copy (in English or with an English translation) of all provisions of or governing the Shares
and any other Deposited Securities. Promptly upon any change in such provisions, the Company shall deliver promptly to the Depositary
and the Custodian a copy (in English or with an English translation) of such provisions as so changed. The Depositary and its agents
may rely on the copy of such provisions as so delivered for all purposes of this Deposit Agreement.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.07.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Distribution of Additional Shares, Rights, etc</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If the Company or
any affiliate of the Company determines to make any issuance or distribution of (1) additional Shares, (2) rights to subscribe
for Shares, (3) securities convertible into Shares, or (4) rights to subscribe for such securities (each a &ldquo;Distribution&rdquo;),
the Company shall notify the Depositary in writing in English as promptly as practicable and in any event before the Distribution
starts and, if requested in writing by the Depositary, the Company shall promptly furnish to the Depositary a written opinion from
U.S. counsel for the Company that is reasonably satisfactory to the Depositary, stating whether or not the Distribution requires,
or, if made in the United States, would require, registration under the Securities Act of 1933. If, in the opinion of that counsel,
the Distribution requires, or, if made in the United States, would require, registration under the Securities Act of 1933, that
counsel shall furnish to the Depositary a written opinion as to whether or not there is a registration statement under the Securities
Act of 1933 in effect that will cover that Distribution.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company agrees
with the Depositary that neither the Company nor any company controlled by, controlling or under common control with the Company
will at any time deposit any Shares, either originally issued or previously issued and reacquired by the Company or any such affiliate,
unless a Registration Statement is in effect as to such Shares under the Securities Act of 1933.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">To the extent the
Company in its discretion deems it necessary or advisable in order to avoid any requirement to register any securities under the
Securities Act of 1933, the Company may prevent Owners in the United States from receiving any distribution and from purchasing
any additional securities (whether pursuant to preemptive rights or otherwise) pursuant to that distribution, and the Company may
direct the Depositary to refuse deposits of Shares for such period of time following that distribution and to adopt such other
specific measures as the Company and the Depositary may agree.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.08.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Indemnification</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company agrees
to indemnify the Depositary, its directors, employees, agents and affiliates and any Custodian against, and hold each of them harmless
from, any liability or expense (including, but not limited to, the fees and expenses of counsel) which may arise out of (a) any
registration with the Commission of American Depositary Shares or Deposited Securities or the offer or sale thereof in the United
States or (b) acts performed or omitted, pursuant to the provisions of this Deposit Agreement and of the Receipts, as the same
may be amended, modified or supplemented from time to time, (i) by either the Depositary or a Custodian or their respective directors,
employees, agents and affiliates, except for any liability or expense arising out of the negligence or bad faith of either of them,
or (ii) by the Company or any of its directors, employees, agents and affiliates.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary agrees
to indemnify the Company, its directors, employees, agents and affiliates and hold them harmless from any liability or expense
which may arise out of acts performed or omitted by the Depositary or its Custodian or their respective directors, employees, agents
and affiliates due to their negligence or bad faith.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If an action, proceeding
(including, but not limited to, any governmental investigation), claim or dispute (collectively, a &quot;Proceeding&quot;) in respect
of which indemnity may be sought by either party is brought or asserted against the other party, the party seeking indemnification
(the &quot;Indemnitee&quot;) shall promptly (and in no event more than ten (10) days after receipt of notice of such Proceeding)
notify the party obligated to provide such indemnification (the &quot;Indemnitor&quot;) of such Proceeding. The failure of the
Indemnitee to so notify the Indemnitor shall not impair the Indemnitee's ability to seek indemnification from the Indemnitor (but
only for costs, expenses and liabilities incurred after such notice) unless such failure adversely affects the Indemnitor's ability
to adequately oppose or defend such Proceeding. Upon receipt of such notice from the Indemnitee, the Indemnitor shall be entitled
to participate in such Proceeding and, to the extent that it shall so desire and provided no conflict of interest exists as specified
in subparagraph (b) below or there are no other defenses available to Indemnitee as specified in subparagraph (d) below, to assume
the defense thereof with counsel reasonably satisfactory to the Indemnitee (in which case all attorney's fees and expenses shall
be borne by the Indemnitor and the Indemnitor shall in good faith defend the Indemnitee). The Indemnitee shall have the right to
employ separate counsel in any such Proceeding and to participate in the defense thereof, but the fees and expenses of such counsel
shall be borne by the Indemnitee unless (a) the Indemnitor agrees in writing to pay such fees and expenses, (b) the Indemnitee
shall have reasonably and in good faith concluded that there is a conflict of interest between the Indemnitor and the Indemnitee
in the conduct of the defense of such action, (c) the Indemnitor fails, within ten (10) days prior to the date the first response
or appearance is required to be made in such Proceeding, to assume the defense of such Proceeding with counsel reasonably satisfactory
to the Indemnitee or (d) there are legal defenses available to Indemnitee that are different from or are in addition to those available
to the Indemnitor. No compromise or settlement of such Proceeding may be effected by either party without the other party's consent
unless (i) there is no finding or admission of any violation of law and no effect on any other claims that may be made against
such other party and (ii) the sole relief provided is monetary damages that are paid in full by the party seeking the settlement.
Neither party shall have any liability with respect to any compromise or settlement effected without its consent, which shall not
be unreasonably withheld. The Indemnitor shall have no obligation to indemnify and hold harmless the Indemnitee from any loss,
expense or liability incurred by the Indemnitee as a result of a default judgment entered against the Indemnitee unless such judgment
was entered after the Indemnitor agreed, in writing, to assume the defense of such Proceeding.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.09.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Charges of Depositary</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company agrees
to pay the fees, reasonable expenses and out-of-pocket charges of the Depositary and those of any Registrar only in accordance
with agreements in writing entered into between the Depositary and the Company from time to time. The Depositary shall present
its statement for such charges and expenses to the Company once every three months. The charges and expenses of the Custodian are
for the sole account of the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The following charges
shall be incurred by any party depositing or withdrawing Shares or by any party surrendering Receipts or to whom Receipts are issued
(including, without limitation, issuance pursuant to a stock dividend or stock split declared by the Company or an exchange of
stock regarding the Receipts or Deposited Securities or a distribution of Receipts pursuant to Section 4.03) or by Owners, as applicable:
(1) taxes and other governmental charges, (2) such registration fees as may from time to time be in effect for the registration
of transfers of Shares generally on the Share register of the Company or Foreign Registrar and applicable to transfers of Shares
to the name of the Depositary or its nominee or the Custodian or its nominee on the making of deposits or withdrawals hereunder,
(3) such cable, telex and facsimile transmission expenses as are expressly provided in this Deposit Agreement, (4) such expenses
as are incurred by the Depositary in the conversion of foreign currency pursuant to Section 4.05, (5) a fee of $5.00 or less per
100 American Depositary Shares (or portion thereof) for the execution and delivery of Receipts pursuant to Section 2.03, 4.03 or
4.04 and the surrender of Receipts pursuant to Section 2.05 or 6.02, (6) a fee of $.<FONT STYLE="color: red"><STRIKE>02</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>05</U></B></FONT>
or less per American Depositary Share (or portion thereof) for any cash distribution made pursuant to this Deposit Agreement, including,
but not limited to Sections 4.01 through 4.04, (7) a fee for the distribution of securities pursuant to Section 4.02, such fee
being in an amount equal to the fee for the execution and delivery of American Depositary Shares referred to above which would
have been charged as a result of the deposit of such securities (for purposes of this <FONT STYLE="color: red"><STRIKE>clause</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>item</U></B></FONT>
7 treating all such securities as if they were Shares) but which securities are instead distributed by the Depositary to Owners,
(8) <FONT STYLE="text-underline-style: double; color: blue"><B><U>in addition to any fee charged under item 6 above, </U></B></FONT>a
fee of $.<FONT STYLE="color: red"><STRIKE>02</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>05</U></B></FONT>
or less per American Depositary Share (or portion thereof)<FONT STYLE="text-underline-style: double; color: blue"><B><U> per annum</U></B></FONT>
for depositary services, which will <FONT STYLE="color: red"><STRIKE>accrue on the last day of each calendar year and will </STRIKE></FONT>be
payable as provided in <FONT STYLE="color: red"><STRIKE>clause 9 below; </STRIKE><U>provided</U><STRIKE>, </STRIKE><U>however</U><STRIKE>,
that no fee will be assessed under this clause 8 to the extent that a fee of $.02 was charged pursuant to clause 6 above during
that calendar year</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>item 9 below,</U></B></FONT> and
(9) any other charges payable by the Depositary, any of the Depositary&rsquo;s agents, including the Custodian, or the agents of
the Depositary&rsquo;s agents in connection with the servicing of Shares or other Deposited Securities (which charge shall be assessed
against Owners as of the date or dates set by the Depositary in accordance with Section 4.06 and shall be collected at the sole
discretion of the Depositary by billing such Owners for such charge or by deducting such charge from one or more cash dividends
or other cash distributions).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; color: blue"><FONT STYLE="text-underline-style: double"><B><U>The
Depositary may collect any of its fees by deduction from any cash distribution payable to Owners that are obligated to pay those
fees.</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary, subject
to Section 2.09, may own and deal in any class of securities of the Company and its affiliates and in Receipts.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.10.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Retention of Depositary Documents</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary is
authorized to destroy those documents, records, bills and other data compiled during the term of this Deposit Agreement at the
times permitted by the laws or regulations governing the Depositary unless the Company reasonably requests that such papers be
retained for a longer period.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.11.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Exclusivity</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company agrees
not to appoint any other depositary for issuance of American or global depositary receipts so long as The Bank of New York<FONT STYLE="text-underline-style: double; color: blue"><B><U>
Mellon</U></B></FONT> is acting as Depositary hereunder.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 5.12.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>List of Restricted Securities Owners</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company shall
provide to the Depositary a list setting forth, to the actual knowledge of the Company, those persons or entities who beneficially
own Restricted Securities as of the date hereof and the Company shall update that list as changes occur. The Company agrees to
advise in writing each of the persons or entities so listed that such Restricted Securities, so long as they remain such, are ineligible
for deposit hereunder. The Depositary may rely on the list provided under this Section 5.12, as most recently updated, but shall
not be liable for any action or omission made in reliance thereon.</P>

<P STYLE="font: bold 12pt Times New Roman Bold; margin: 0 0 12pt; text-indent: 0in">ARTICLE 6.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>AMENDMENT AND TERMINATION</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 6.01.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Amendment</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The form of the Receipts
and any provisions of this Deposit Agreement may at any time and from time to time be amended by agreement between the Company
and the Depositary without the consent of Owners or Beneficial Owners in any respect which they may deem necessary or desirable.
Any amendment which shall impose or increase any fees or charges (other than taxes and other governmental charges, registration
fees, cable, telex or facsimile transmission costs, delivery costs or other such expenses), or which shall otherwise prejudice
any substantial existing right of Owners, shall, however, not become effective as to outstanding Receipts until the expiration
of 30 days after notice of such amendment shall have been given to the Owners of outstanding Receipts. Every Owner and Beneficial
Owner, at the time any amendment so becomes effective, shall be deemed, by continuing to hold such Receipt or any interest therein,
to consent and agree to such amendment and to be bound by the Deposit Agreement as amended thereby. In no event shall any amendment
impair the right of the Owner of any Receipt to surrender such Receipt and receive therefor the Deposited Securities represented
thereby, except in order to comply with mandatory provisions of applicable law.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 6.02.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Termination</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary shall,
at any time at the direction of the Company, terminate this Deposit Agreement by mailing notice of termination to the Owners of
all Receipts then outstanding at least 30 days prior to the date fixed in such notice for such termination. The Depositary may
likewise terminate this Deposit Agreement by mailing notice of termination to the Company and the Owners of all Receipts then outstanding
if at least 90 days have passed since the Depositary delivered to the Company a written notice of its election to resign and a
successor depositary has not been appointed and accepted its appointment as provided in Section 5.04. On and after the date of
termination, the Owner of a Receipt will, upon (a) surrender of such Receipt at the Corporate Trust Office of the Depositary, (b)
payment of the fee of the Depositary for the surrender of Receipts referred to in Section 2.05, and (c) payment of any applicable
taxes or governmental charges, be entitled to delivery, to him or upon his order, of the amount of Deposited Securities represented
by the American Depositary Shares evidenced by such Receipt. If any Receipts shall remain outstanding after the date of termination,
the Depositary thereafter shall discontinue the registration of transfers of Receipts, shall suspend the distribution of dividends
to the Owners thereof, and shall not give any further notices or perform any further acts under this Deposit Agreement, except
that the Depositary shall continue to collect dividends and other distributions pertaining to Deposited Securities, shall sell
rights and other property as provided in this Deposit Agreement, and shall continue to deliver Deposited Securities, together with
any dividends or other distributions received with respect thereto and the net proceeds of the sale of any rights or other property,
in exchange for Receipts surrendered to the Depositary (after deducting, in each case, the fee of the Depositary for the surrender
of a Receipt, any expenses for the account of the Owner of such Receipt in accordance with the terms and conditions of this Deposit
Agreement, and any applicable taxes or governmental charges). At any time after the expiration of one year from the date of termination,
the Depositary may sell the Deposited Securities then held hereunder and may thereafter hold uninvested the net proceeds of any
such sale, together with any other cash then held by it hereunder, unsegregated and without liability for interest, for the pro
rata benefit of the Owners of Receipts which have not theretofore been surrendered, such Owners thereupon becoming general creditors
of the Depositary with respect to such net proceeds. After making such sale, the Depositary shall be discharged from all obligations
under this Deposit Agreement, except for its obligations to the Company under Section 5.08 and to account for such net proceeds
and other cash (after deducting, in each case, the fee of the Depositary for the surrender of a Receipt, any expenses for the account
of the Owner of such Receipt in accordance with the terms and conditions of this Deposit Agreement, and any applicable taxes or
governmental charges). Upon the termination of this Deposit Agreement, the Company shall be discharged from all obligations under
this Deposit Agreement except for its obligations to the Depositary under Sections 5.08 and 5.09.</P>

<P STYLE="font: bold 12pt Times New Roman Bold; margin: 0 0 12pt; text-indent: 0in">ARTICLE 7.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;
</FONT>MISCELLANEOUS</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 7.01.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Counterparts</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">This Deposit Agreement
may be executed in any number of counterparts, each of which shall be deemed an original and all of such counterparts shall constitute
one and the same instrument. Copies of this Deposit Agreement shall be filed with the Depositary and the Custodians and shall be
open to inspection by any Owner or Beneficial Owner during business hours.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 7.02.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>No Third Party Beneficiaries</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">This Deposit Agreement
is for the exclusive benefit of the parties hereto and shall not be deemed to give any legal or equitable right, remedy or claim
whatsoever to any other person.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 7.03.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Severability</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In case any one or
more of the provisions contained in this Deposit Agreement or in the Receipts should be or become invalid, illegal or unenforceable
in any respect, the validity, legality and enforceability of the remaining provisions contained herein or therein shall in no way
be affected, prejudiced or disturbed thereby.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 7.04.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Owners and Beneficial Owners as Parties; Binding Effect</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Owners and Beneficial
Owners of Receipts from time to time shall be parties to this Deposit Agreement and shall be bound by all of the terms and conditions
hereof and of the Receipts by acceptance thereof or any interest therein.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 7.05.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Notices</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Any and all notices
to be given to the Company shall be deemed to have been duly given if personally delivered or sent by mail or cable, telex or facsimile
transmission confirmed by letter, addressed to Silicon Motion Technology Corporation, No. 20-1, Taiyan Street, Jhubei City, Hsinchu
County 302, Taiwan, Attention: Wallace C. Kou, Facsimile No.: +886 3 552 6988, or any other place to which the Company may have
transferred its principal office with notice to the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Any and all notices
to be given to the Depositary shall be deemed to have been duly given if in English and personally delivered or sent by mail or
cable, telex or facsimile transmission confirmed by letter, addressed to The Bank of New York<FONT STYLE="text-underline-style: double; color: blue"><B><U>
Mellon</U></B></FONT>, 101 Barclay Street, New York, New York 10286, Attention: American Depositary Receipt Administration, or
any other place to which the Depositary may have transferred its Corporate Trust Office with notice to the Company.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Any and all notices
to be given to any Owner shall be deemed to have been duly given if personally delivered or sent by mail or cable, telex or facsimile
transmission confirmed by letter, addressed to such Owner at the address of such Owner as it appears on the transfer books for
Receipts of the Depositary, or, if such Owner shall have filed with the Depositary a written request that notices intended for
such Owner be mailed to some other address, at the address designated in such request.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Delivery of a notice
sent by mail or cable, telex or facsimile transmission shall be deemed to be effective at the time when a duly addressed letter
containing the same (or a confirmation thereof in the case of a cable, telex or facsimile transmission) is deposited, postage prepaid,
in a post-office letter box. The Depositary or the Company may, however, act upon any cable, telex or facsimile transmission received
by it, notwithstanding that such cable, telex or facsimile transmission shall not subsequently be confirmed by letter as aforesaid.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 7.06.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Submission to Jurisdiction; Appointment of Agent for Service of Process</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company hereby
(i) irrevocably designates and appoints PTSGE Corp., 925 Fourth Avenue, Suite 2900, Seattle, Washington 98104 as the Company&rsquo;s
authorized agent upon which process may be served in any suit or proceeding arising out of or relating to the Shares or Deposited
Securities, the American Depositary Shares, the Receipts or this Deposit Agreement, (ii) consents and submits to the jurisdiction
of any state or federal court in the State of New York in which any such suit or proceeding may be instituted, and (iii) agrees
that service of process upon said authorized agent shall be deemed in every respect effective service of process upon the Company
in any such suit or proceeding. The Company agrees to deliver, upon the execution and delivery of this Deposit Agreement, a written
acceptance by such agent of its appointment as such agent. The Company further agrees to take any and all action, including the
filing of any and all such documents and instruments, as may be necessary to continue such designation and appointment in full
force and effect for so long as any American Depositary Shares or Receipts remain outstanding or this Agreement remains in force.
In the event the Company fails to continue such designation and appointment in full force and effect, the Company hereby waives
personal service of process upon it and consents that any such service of process may be made by certified or registered mail,
return receipt requested, directed to the Company at its address last specified for notices hereunder, and service so made shall
be deemed completed five (5) days after the same shall have been so mailed.</P>

<P STYLE="font: normal 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">SECTION 7.07.<FONT STYLE="font: 7pt Times New Roman, Times, Serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</FONT><U>Governing Law</U>.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">This Deposit Agreement
and the Receipts shall be interpreted and all rights hereunder and thereunder and provisions hereof and thereof shall be governed
by the laws of the State of New York, except with respect to its authorization and execution by the Company, which shall be governed
by the laws of the Cayman Islands.</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">IN WITNESS WHEREOF,
SILICON MOTION TECHNOLOGY CORPORATION and THE BANK OF NEW YORK<FONT STYLE="text-underline-style: double; color: blue"><B><U> MELLON</U></B></FONT>
have duly executed this Deposit Agreement as of the day and year first set forth above and all Owners and Beneficial Owners shall
become parties hereto upon acceptance by them of Receipts issued in accordance with the terms hereof or any interest therein.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: left">SILICON MOTION TECHNOLOGY CORPORATION&#9;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 3in">By:&#9;<U>&#9;</U>____________________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 238.5pt">Name:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 30pt 238.5pt">Title:</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 3in; text-align: justify">THE BANK OF NEW YORK<FONT STYLE="text-underline-style: double; color: blue"><B><U>
MELLON</U></B></FONT>,</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 3in">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 12pt 0 0 3in">By:&#9;<U>&#9;</U>____________________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0 238.5pt">Name:&#9;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt 238.5pt">Title:&#9;</P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 24pt; text-align: center"><B>EXHIBIT A</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>No. &#9;<U>&#9;</U></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><B>&#9;AMERICAN DEPOSITARY SHARES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 0.25in 225pt; text-align: justify">(Each American Depositary Share
represents four deposited Shares)</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE BANK OF NEW YORK<FONT STYLE="text-underline-style: double; color: blue"><U>
MELLON</U></FONT></B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>AMERICAN DEPOSITARY RECEIPT</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FOR ORDINARY SHARES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>PAR VALUE $0.01 EACH OF</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>SILICON MOTION TECHNOLOGY CORPORATION</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>(INCORPORATED UNDER THE LAWS OF THE
CAYMAN ISLANDS)</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Bank of New York<FONT STYLE="text-underline-style: double; color: blue"><B><U>
Mellon</U></B></FONT>, as depositary (herein called the Depositary), hereby certifies that<FONT STYLE="color: red"><STRIKE>___________
_</STRIKE></FONT> ___________________________________________, or registered assigns IS THE OWNER OF _____________________________</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>AMERICAN DEPOSITARY SHARES</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">representing deposited ordinary shares (herein
called Shares) of Silicon Motion Technology Corporation, incorporated under the laws of the Cayman Islands (herein called the Company).
At the date hereof, each American Depositary Share represents four Shares deposited or subject to deposit under the Deposit Agreement
(as such term is hereinafter defined) at the principal Hong Kong office of Hongkong and Shanghai Banking Corporation (herein called
the Custodian). The Depositary&rsquo;s Corporate Trust Office is located at a different address than its principal executive office.
Its Corporate Trust Office is located at 101 Barclay Street, New York, N.Y. 10286, and its principal executive office is located
at One Wall Street, New York, N.Y. 10286.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>THE DEPOSITARY&rsquo;S CORPORATE TRUST OFFICE
ADDRESS IS </B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>101 BARCLAY STREET, NEW YORK, N.Y.
10286</B></P>

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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left"><B>1.&#9;<U>THE DEPOSIT AGREEMENT</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">This American Depositary
Receipt is one of an issue (herein called Receipts), all issued and to be issued upon the terms and conditions set forth in the
<FONT STYLE="color: red"><STRIKE>deposit agreement,</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>Amended
and Restated Deposit Agreement</U></B></FONT> dated as of <FONT STYLE="color: red"><STRIKE>June 29, 2005,</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>______,
2013,</U></B></FONT> as the same may be amended from time to time in accordance with its terms (the &ldquo;Deposit Agreement&rdquo;),
<FONT STYLE="color: red"><STRIKE>by and </STRIKE></FONT>among the Company, the Depositary, and all Owners and Beneficial Owners
from time to time of Receipts issued thereunder, each of whom by accepting a Receipt or any interest therein agrees to become a
party thereto and become bound by all the terms and conditions thereof. The Deposit Agreement sets forth the rights of Owners and
Beneficial Owners of the Receipts and the rights and duties of the Depositary in respect of the Shares deposited thereunder and
any and all other securities, property and cash from time to time received in respect of such Shares and held thereunder (such
Shares, securities, property, and cash are herein called Deposited Securities). Copies of the Deposit Agreement are on file at
the Depositary&rsquo;s Corporate Trust Office in New York City and at the office of the Custodian.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The statements made
on the face and reverse of this Receipt are summaries of certain provisions of the Deposit Agreement and are qualified by and subject
to the detailed provisions of the Deposit Agreement, to which reference is hereby made. Capitalized terms defined in the Deposit
Agreement and not defined herein shall have the meanings set forth in the Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>2.&#9;<U>SURRENDER
OF RECEIPTS AND WITHDRAWAL OF SHARES</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon surrender at
the Corporate Trust Office of the Depositary of this Receipt, and upon payment of the fee of the Depositary provided in this Receipt,
and subject to the terms and conditions of the Deposit Agreement, the Owner hereof is entitled to delivery, to him or upon his
order, of the Deposited Securities at the time represented by the American Depositary Shares for which this Receipt is issued.
Delivery of such Deposited Securities may be made by the delivery of (a) certificates in the name of the Owner hereof or as ordered
by him or certificates properly endorsed or accompanied by proper instruments of transfer and (b) any other securities, property
and cash to which such Owner is then entitled in respect of this Receipt. Such delivery will be made at the option of the Owner
hereof, either at the office of the Custodian or at the Corporate Trust Office of the Depositary, provided that the forwarding
of certificates for Shares or other Deposited Securities for such delivery at the Corporate Trust Office of the Depositary shall
be at the risk and expense of the Owner hereof.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>3.&#9;<U>TRANSFERS,
SPLIT-UPS, AND COMBINATIONS OF RECEIPTS</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The transfer of this
Receipt is registrable on the books of the Depositary at its Corporate Trust Office by the Owner hereof in person or by a duly
authorized attorney, upon surrender of this Receipt properly endorsed for transfer or accompanied by proper instruments of transfer
and funds sufficient to pay any applicable transfer taxes and the expenses of the Depositary and upon compliance with such regulations,
if any, as the Depositary may establish for such purpose. This Receipt may be split into other such Receipts, or may be combined
with other such Receipts into one Receipt, evidencing the same aggregate number of American Depositary Shares as the Receipt or
Receipts surrendered. As a condition precedent to the execution and delivery, registration of transfer, split-up, combination,
or surrender of any Receipt or withdrawal of any Deposited Securities, the Depositary, the Custodian, or Registrar may require
payment from the depositor of the Shares or the presenter of the Receipt of a sum sufficient to reimburse it for any tax or other
governmental charge and any stock transfer or registration fee with respect thereto (including any such tax or charge and fee with
respect to Shares being deposited or withdrawn) and payment of any applicable fees as provided in this Receipt, may require the
production of proof satisfactory to it as to the identity and genuineness of any signature and may also require compliance with
any regulations the Depositary may establish consistent with the provisions of the Deposit Agreement or this Receipt, including,
without limitation, this Article 3.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The delivery of Receipts
against deposit of Shares generally or against deposit of particular Shares may be suspended, or the transfer of Receipts in particular
instances may be refused, or the registration of transfer of outstanding Receipts generally may be suspended, during any period
when the transfer books of the Depositary are closed, or if any such action is deemed necessary or advisable by the Depositary
or the Company at any time or from time to time because of any requirement of law or of any government or governmental body or
commission, or under any provision of the Deposit Agreement or this Receipt, or for any other reason, subject to the provisions
of the following sentence. Notwithstanding anything to the contrary in the Deposit Agreement or this Receipt, the surrender of
outstanding Receipts and withdrawal of Deposited Securities may not be suspended subject only to (i) temporary delays caused by
closing the transfer books of the Depositary or the Company or the deposit of Shares in connection with voting at a shareholders&rsquo;
meeting, or the payment of dividends, (ii) the payment of fees, taxes and similar charges, and (iii) compliance with any U.S. or
foreign laws or governmental regulations relating to the Receipts or to the withdrawal of the Deposited Securities. Without limitation
of the foregoing, the Depositary shall not knowingly accept for deposit under the Deposit Agreement any Shares which would be required
to be registered under the provisions of the Securities Act of 1933 for the public offer and sale thereof in the United States
unless a registration statement is in effect as to such Shares for such offer and sale.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; color: red"><STRIKE>Except
for Shares deposited by the Company or by persons named as selling shareholders in the final prospectus relating to the Company&rsquo;s
initial public offering of American Depositary Shares, no Shares shall be accepted for deposit under the Deposit Agreement without
the prior written consent of the Company during a period of 180 days following the date of that final prospectus.</STRIKE></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>4.&#9;<U>LIABILITY
OF OWNER OR BENEFICIAL OWNER FOR TAXES</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any tax or other
governmental charge shall become payable with respect to any Receipt or any Deposited Securities represented hereby, such tax or
other governmental charge shall be payable by the Owner or Beneficial Owner hereof to the Depositary. The Depositary may refuse
to effect any transfer of this Receipt or any withdrawal of Deposited Securities represented by American Depositary Shares evidenced
by such Receipt until such payment is made, and may withhold any dividends or other distributions, or may sell for the account
of the Owner or Beneficial Owner hereof any part or all of the Deposited Securities represented by the American Depositary Shares
evidenced by this Receipt, and may apply such dividends or other distributions or the proceeds of any such sale in payment of such
tax or other governmental charge and the Owner or Beneficial Owner hereof shall remain liable for any deficiency.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>5.&#9;<U>WARRANTIES
ON DEPOSIT OF SHARES</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Every person depositing
Shares under the Deposit Agreement shall be deemed thereby to represent and warrant that such Shares and each certificate therefore,
if applicable, are validly issued, fully paid, non-assessable, and were not issued in violation of any preemptive rights of the
holders of outstanding Shares and that the person making such deposit is duly authorized so to do. Every such person shall also
be deemed to represent that such Shares are not, and American Depositary Shares representing such Shares would not be, Restricted
Securities. Such representations and warranties shall survive the deposit of Shares and delivery of Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>6.&#9;<U>FILING PROOFS,
CERTIFICATES, AND OTHER INFORMATION</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Any person presenting
Shares for deposit or any Owner or Beneficial Owner of a Receipt may be required from time to time to file with the Depositary
or the Custodian such proof of citizenship or residence, exchange control approval, or such information relating to the registration
on the books of the Company or the Foreign Registrar, if applicable, to execute such certificates and to make such representations
and warranties, as the Depositary may deem necessary or proper. The Depositary may withhold the delivery or registration of transfer
of any Receipt or the distribution of any dividend or sale or distribution of rights or of the proceeds thereof or the delivery
of any Deposited Securities until such proof or other information is filed or such certificates are executed or such representations
and warranties made. No Share shall be accepted for deposit unless accompanied by evidence satisfactory to the Depositary that
any necessary approval has been granted by any governmental body in the Republic of China that is then performing the function
of the regulation of currency exchange.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>7.&#9;<U>CHARGES OF
DEPOSITARY</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company agrees
to pay the fees, reasonable expenses and out-of-pocket charges of the Depositary and those of any Registrar only in accordance
with agreements in writing entered into between the Depositary and the Company from time to time. The Depositary shall present
its statement for such charges and expenses to the Company once every three months. The charges and expenses of the Custodian are
for the sole account of the Depositary.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The following charges
shall be incurred by any party depositing or withdrawing Shares or by any party surrendering Receipts or to whom Receipts are issued
(including, without limitation, issuance pursuant to a stock dividend or stock split declared by the Company or an exchange of
stock regarding the Receipts or Deposited Securities or a distribution of Receipts pursuant to Section 4.03 of the Deposit Agreement),
or by Owners, as applicable: (1) taxes and other governmental charges, (2) such registration fees as may from time to time be in
effect for the registration of transfers of Shares generally on the Share register of the Company or Foreign Registrar and applicable
to transfers of Shares to the name of the Depositary or its nominee or the Custodian or its nominee on the making of deposits or
withdrawals under the terms of the Deposit Agreement, (3) such cable, telex and facsimile transmission expenses as are expressly
provided in the Deposit Agreement, (4) such expenses as are incurred by the Depositary in the conversion of foreign currency pursuant
to Section 4.05 of the Deposit Agreement, (5) a fee of $5.00 or less per 100 American Depositary Shares (or portion thereof) for
the execution and delivery of Receipts pursuant to Section 2.03, 4.03 or 4.04 of the Deposit Agreement and the surrender of Receipts
pursuant to Section 2.05 or 6.02 of the Deposit Agreement, (6) a fee of $.<FONT STYLE="color: red"><STRIKE>02</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>05</U></B></FONT>
or less per American Depositary Share (or portion thereof) for any cash distribution made pursuant to Sections 4.01 through 4.04
of the Deposit Agreement, (7) a fee for the distribution of securities pursuant to Section 4.02 of the Deposit Agreement, such
fee being in an amount equal to the fee for the execution and delivery of American Depositary Shares referred to above which would
have been charged as a result of the deposit of such securities (for purposes of this <FONT STYLE="color: red"><STRIKE>clause</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>item</U></B></FONT>
7 treating all such securities as if they were Shares), but which securities are instead distributed by the Depositary to Owners,
(8) <FONT STYLE="color: red"><STRIKE>)</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>in addition
to any fee charged under item 6 above,</U></B></FONT> a fee of $.<FONT STYLE="color: red"><STRIKE>02</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>05</U></B></FONT>
or less per American Depositary Share (or portion thereof)<FONT STYLE="text-underline-style: double; color: blue"><B><U> per annum</U></B></FONT>
for depositary services, which will <FONT STYLE="color: red"><STRIKE>accrue on the last day of each calendar year and will </STRIKE></FONT>be
payable as provided in <FONT STYLE="color: red"><STRIKE>clause 9 below; </STRIKE><U>provided</U><STRIKE>, </STRIKE><U>however</U><STRIKE>,
that no fee will be assessed under this clause 8 to the extent that a fee of $.02 was charged pursuant to clause 6 above during
that calendar year</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>item 9 below,</U></B></FONT> and
(9) any other charges payable by the Depositary, any of the Depositary&rsquo;s agents, including the Custodian, or the agents of
the Depositary&rsquo;s agents in connection with the servicing of Shares or other Deposited Securities (which charge shall be assessed
against Owners as of the date or dates set by the Depositary in accordance with Section 4.06 of the Deposit Agreement and shall
be collected at the sole discretion of the Depositary by billing such Owners for such charge or by deducting such charge from one
or more cash dividends or other cash distributions).</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in; color: blue"><FONT STYLE="text-underline-style: double"><B><U>The
Depositary may collect any of its fees by deduction from any cash distribution payable to Owners that are obligated to pay those
fees.</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary, subject
to Article 8 hereof, may own and deal in any class of securities of the Company and its affiliates and in Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>8.&#9;<U>PRE-RELEASE
OF RECEIPTS</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Notwithstanding Section
2.03 of the Deposit Agreement, the Depositary may execute and deliver Receipts prior to the receipt of Shares pursuant to Section
2.02 of the Deposit Agreement (a &ldquo;Pre-Release&rdquo;). The Depositary may, pursuant to Section 2.05 of the Deposit Agreement,
deliver Shares upon the receipt and cancellation of Receipts which have been Pre-Released, whether or not such cancellation is
prior to the termination of such Pre-Release or the Depositary knows that such Receipt has been Pre-Released. The Depositary may
receive Receipts in lieu of Shares in satisfaction of a Pre-Release. Each Pre-Release will be (a) preceded or accompanied by a
written representation from the person to whom Receipts or Shares are to be delivered that such person, or its customer, owns the
Shares or Receipts to be remitted, as the case may be, (b) at all times fully collateralized with cash or such other collateral
as the Depositary deems appropriate, (c) terminable by the Depositary on not more than five (5) business days<FONT STYLE="text-underline-style: double; color: blue"><B><U>&rsquo;</U></B></FONT>
notice, and (d) subject to such further indemnities and credit regulations as the Depositary deems appropriate. The number of Shares
represented by American Depositary Shares which are outstanding at any time as a result of Pre-Releases will not normally exceed
thirty percent (30%) of the Shares deposited under the Deposit Agreement; <U>provided</U>, <U>however</U>, that the Depositary
reserves the right to change or disregard such limit from time to time as it deems appropriate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
retain for its own account any compensation received by it in connection with the foregoing.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>9.&#9;<U>TITLE TO
RECEIPTS</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">It is a condition
of this Receipt and every successive Owner and Beneficial Owner of this Receipt by accepting or holding the same consents and agrees,
that title to this Receipt when properly endorsed or accompanied by proper instruments of transfer, is transferable by delivery
with the same effect as in the case of a negotiable instrument under the laws of New York; <U>provided</U>, <U>however</U>, that
the Depositary, notwithstanding any notice to the contrary, may treat the person in whose name this Receipt is registered on the
books of the Depositary as the absolute owner hereof for the purpose of determining the person entitled to distribution of dividends
or other distributions or to any notice provided for in the Deposit Agreement or for all other purposes.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>10.&#9;<U>VALIDITY
OF RECEIPT</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">This Receipt shall
not be entitled to any benefits under the Deposit Agreement or be valid or obligatory for any purpose, unless this Receipt shall
have been executed by the Depositary by the manual or facsimile signature of a duly authorized signatory of the Depositary and,
if a Registrar for the Receipts shall have been appointed, countersigned by the manual signature of a duly authorized officer of
the Registrar.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>11.&#9;<U>REPORTS;
INSPECTION OF TRANSFER BOOKS</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Company is subject
to the periodic reporting requirements of the Securities Exchange Act of 1934 and, accordingly, files certain reports with the
Commission. Such reports will be available for inspection and copying by Owners and Beneficial Owners<FONT STYLE="text-underline-style: double; color: blue"><B><U>
through the Commission&rsquo;s EDGAR system on the Internet at www.sec.gov or</U></B></FONT> at the public reference facilities
maintained by the Commission located at <FONT STYLE="color: red"><STRIKE>450 Fifth</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>100
F.</U></B></FONT> Street, N.<FONT STYLE="color: red"><STRIKE>W</STRIKE></FONT><FONT STYLE="text-underline-style: double; color: blue"><B><U>E</U></B></FONT>.,
Washington, D.C. 20549.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary will
make available for inspection by Owners of Receipts at its Corporate Trust Office any reports and communications, including any
proxy soliciting material, received from the Company which are both (a) received by the Depositary as the holder of the Deposited
Securities and (b) made generally available to the holders of such Deposited Securities by the Company. The Depositary will also
send to Owners of Receipts copies of such reports when furnished by the Company pursuant to the Deposit Agreement. Any such reports
and communications, including any such proxy soliciting material, furnished to the Depositary by the Company shall be furnished
in English to the extent such materials are required to be translated into English pursuant to any regulations of the Commission.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary will
keep books, at its Corporate Trust Office, for the registration of Receipts and transfers of Receipts which at all reasonable times
shall be open for inspection by the Owners of Receipts and the Company provided that such inspection shall not be for the purpose
of communicating with Owners of Receipts in the interest of a business or object other than the business of the Company or a matter
related to the Deposit Agreement or the Receipts.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>12.&#9;<U>DIVIDENDS
AND DISTRIBUTIONS</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever the Depositary
receives any cash dividend or other cash distribution on any Deposited Securities, the Depositary will, if at the time of receipt
thereof any amounts received in a foreign currency can in the judgment of the Depositary be converted on a reasonable basis into
United States dollars transferable to the United States, and subject to the Deposit Agreement, convert, as promptly as practicable,
such dividend or distribution into dollars and will distribute, as promptly as practicable, the amount thus received (net of the
fees and expenses of the Depositary as provided in Section 5.09 of the Deposit Agreement, if applicable) to the Owners of Receipts
entitled thereto; <U>provided</U>, <U>however</U>, that in the event that the Company or the Depositary is required to withhold
and does withhold from any cash dividend or other cash distribution in respect of any Deposited Securities an amount on account
of taxes, the amount distributed to the Owners of the Receipts evidencing American Depositary Shares representing such Deposited
Securities shall be reduced accordingly.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Subject to the provisions
of Sections 4.11 and 5.09 of the Deposit Agreement, whenever the Depositary receives any distribution other than a distribution
described in Section 4.01, 4.03 or 4.04 of the Deposit Agreement, the Depositary will cause the securities or property received
by it to be distributed to the Owners entitled thereto, in any manner that the Depositary may deem equitable and practicable for
accomplishing such distribution; <U>provided</U>, <U>however</U>, that if in the opinion of the Depositary such distribution cannot
be made proportionately among the Owners of Receipts entitled thereto, or if for any other reason the Depositary deems such distribution
not to be feasible, the Depositary may, after Consultation with the Company to the extent practicable, adopt such method as it
may deem equitable and practicable for the purpose of effecting such distribution, including, but not limited to, the public or
private sale of the securities or property thus received, or any part thereof, and the net proceeds of any such sale (net of the
fees and expenses of the Depositary as provided in Section 5.09 of the Deposit Agreement) will be distributed by the Depositary
to the Owners of Receipts entitled thereto all in the manner and subject to the conditions described in Section 4.01 of the Deposit
Agreement.<FONT STYLE="text-underline-style: double; color: blue"><B><U> The Depositary may withhold any distribution of securities
under Section 4.02 of the Deposit Agreement if it has not received satisfactory assurances from the Company that the distribution
does not require registration under the Securities Act of 1933.</U></B></FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any distribution
consists of a dividend in, or free distribution of, Shares, the Depositary may, and shall if the Company requests in writing, distribute
to the Owners of outstanding Receipts entitled thereto, additional Receipts evidencing an aggregate number of American Depositary
Shares representing the amount of Shares received as such dividend or free distribution subject to the terms and conditions of
the Deposit Agreement with respect to the deposit of Shares and the issuance of American Depositary Shares evidenced by Receipts,
including the withholding of any tax or other governmental charge as provided in Section 4.11 of the Deposit Agreement and the
payment of the fees and expenses of the Depositary as provided in Section 5.09 of the Deposit Agreement. <FONT STYLE="text-underline-style: double; color: blue"><B><U>The
Depositary may withhold any such delivery of American Depositary Shares if it has not received satisfactory assurances from the
Company that such distribution does not require registration under the Securities Act of 1933. </U></B></FONT>In lieu of delivering
Receipts for fractional American Depositary Shares in any such case, the Depositary will sell the amount of Shares represented
by the aggregate of such fractions and distribute the net proceeds, all in the manner and subject to the conditions described in
Section 4.01 of the Deposit Agreement. If additional Receipts are not so distributed, each American Depositary Share shall thenceforth
also represent the additional Shares distributed upon the Deposited Securities represented thereby.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In the event that
the Depositary determines that any distribution in property (including Shares and rights to subscribe therefor) is subject to any
tax or other governmental charge which the Depositary is obligated to withhold, the Depositary may by public or private sale dispose
of all or a portion of such property (including Shares and rights to subscribe therefor) in such amounts and in such manner as
the Depositary deems necessary and practicable to pay any such taxes or charges, and the Depositary shall distribute the net proceeds
of any such sale after deduction of such taxes or charges to the Owners of Receipts entitled thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>13.&#9;<U>RIGHTS</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In the event that
the Company shall offer or cause to be offered to the holders of any Deposited Securities any rights to subscribe for additional
Shares or any rights of any other nature, the Depositary shall, after Consultation with the Company, have discretion as to the
procedure to be followed in making such rights available to any Owners entitled to them or in disposing of such rights on behalf
of any Owners otherwise entitled to them and making the net proceeds available to such Owners or, if by the terms of such rights
offering or for any other reason, the Depositary may not either make such rights available to any Owners or dispose of such rights
and make the net proceeds available to such Owners, then the Depositary shall allow the rights to lapse. If at the time of the
offering of any rights the Depositary determines in its discretion that it is lawful and feasible to make such rights available
to all or certain Owners but not to other Owners, the Depositary may, after Consultation with the Company, distribute to any Owner
to whom it determines the distribution to be lawful and feasible, in proportion to the number of American Depositary Shares held
by such Owner, warrants or other instruments therefor in such form as it deems appropriate.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In circumstances in
which rights would otherwise not be distributed, if an Owner of Receipts requests the distribution of warrants or other instruments
in order to exercise the rights allocable to the American Depositary Shares of such Owner hereunder, the Depositary will make such
rights available to such Owner upon written notice from the Company to the Depositary that (a) the Company has elected in its sole
discretion to permit such rights to be exercised and (b) such Owner has executed such documents as the Company has determined in
its sole discretion are reasonably required under applicable law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If the Depositary
has distributed warrants or other instruments for rights to all or certain Owners, then upon instruction from such an Owner pursuant
to such warrants or other instruments to the Depositary from such Owner to exercise such rights, upon payment by such Owner to
the Depositary for the account of such Owner of an amount equal to the purchase price of the Shares to be received upon the exercise
of the rights, and upon payment of the fees and expenses of the Depositary and any other charges as set forth in such warrants
or other instruments, the Depositary shall, on behalf of such Owner, exercise the rights and purchase the Shares, and the Company
shall cause the Shares so purchased to be delivered to the Depositary on behalf of such Owner. As agent for such Owner, the Depositary
will cause the Shares so purchased to be deposited pursuant to Section 2.02 of the Deposit Agreement, and shall, pursuant to Section
2.03 of the Deposit Agreement, execute and deliver Receipts to such Owner; <U>provided</U>, <U>however</U>, that in the case of
a distribution pursuant to the preceding paragraph, such deposit shall be made, and depositary shares shall be delivered, under
depositary arrangements which provide for issuance of depositary receipts subject to the appropriate restrictions on sale, deposit,
cancellation, and transfer under applicable United States laws.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If the Depositary
determines in its discretion that it is not lawful and feasible to make such rights available to all or certain Owners, it may
sell the rights, warrants or other instruments in proportion to the number of American Depositary Shares held by the Owners to
whom it has determined it may not lawfully or feasiblely make such rights available, and allocate the net proceeds of such sales
(net of the fees and expenses of the Depositary as provided in Section 5.09 of the Deposit Agreement and all taxes and governmental
charges payable in connection with such rights and subject to the terms and conditions of the Deposit Agreement) for the account
of such Owners otherwise entitled to such rights, warrants or other instruments, upon an averaged or other practical basis without
regard to any distinctions among such Owners because of exchange restrictions or the date of delivery of any Receipt or otherwise.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Except as otherwise
provided in the third preceding paragraph, the Depositary will not offer rights to Owners unless both the rights and the securities
to which such rights relate are either exempt from registration under the Securities Act of 1933 with respect to a distribution
to all Owners or are registered under the provisions of such Act. Nothing in the Deposit Agreement shall create any obligation
on the part of the Company to file a registration statement with respect to such rights or underlying securities or to endeavor
to have such a registration statement declared effective. If an Owner of Receipts requests the distribution of warrants or other
instruments, notwithstanding that there has been no such registration under such Act, the Depositary shall not effect such distribution
unless it has received an opinion from recognized counsel in the United States for the Company upon which the Depositary may rely
that such distribution to such Owner is exempt from such registration.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary shall
not be responsible for any reasonable failure by it, or any failure by the Company, to determine that it may be lawful or feasible
to make such rights available to Owners in general or any Owner in particular.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>14.&#9;<U>CONVERSION
OF FOREIGN CURRENCY</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever the Depositary
or the Custodian shall receive foreign currency, by way of dividends or other distributions or the net proceeds from the sale of
securities, property or rights, and if at the time of the receipt thereof the foreign currency so received can in the judgment
of the Depositary be converted on a reasonable basis into Dollars and the resulting Dollars transferred to the United States, the
Depositary shall, as promptly as practicable, convert or cause to be converted, by sale or in any other manner that it may determine,
such foreign currency into Dollars, and such Dollars shall be distributed, as promptly as practicable, to the Owners entitled thereto
or, if the Depositary shall have distributed any warrants or other instruments which entitle the holders thereof to such Dollars,
then to the holders of such warrants or instruments upon surrender thereof for cancellation. Such distribution may be made upon
an averaged or other practicable basis without regard to any distinctions among Owners on account of exchange restrictions, the
date of delivery of any Receipt or otherwise and shall be net of any expenses of conversion into Dollars incurred by the Depositary
as provided in Section 5.09 of the Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If such conversion
or distribution can be effected only with the approval or license of any government or agency thereof, the Depositary shall file
such application for approval or license, if any, as it may deem desirable.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If at any time the
Depositary shall determine that in its judgment any foreign currency received by the Depositary or the Custodian is not convertible
on a reasonable basis into Dollars transferable to the United States, or if any approval or license of any government or agency
thereof which is required for such conversion is denied or in the opinion of the Depositary is not obtainable, or if any such approval
or license is not obtained within a reasonable period as determined by the Depositary, the Depositary may distribute the foreign
currency (or an appropriate document evidencing the right to receive such foreign currency) received by the Depositary to, or in
its discretion may hold such foreign currency uninvested and without liability for interest thereon for the respective accounts
of, the Owners entitled to receive the same.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">If any such conversion
of foreign currency, in whole or in part, cannot be effected for distribution to some of the Owners entitled thereto, the Depositary
may in its discretion make such conversion and distribution in Dollars to the extent permissible to the Owners entitled thereto
and may distribute the balance of the foreign currency received by the Depositary to, or hold such balance uninvested and without
liability for interest thereon for the respective accounts of, the Owners entitled thereto.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>15.&#9;<U>RECORD DATES</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Whenever any cash
dividend or other cash distribution shall become payable or any distribution other than cash shall be made, or whenever rights
shall be issued with respect to the Deposited Securities, or whenever the Depositary shall receive notice of any meeting of holders
of Shares or other Deposited Securities, or whenever for any reason the Depositary causes a change in the number of Shares that
are represented by each American Depositary Share, or whenever the Depositary shall find it necessary or convenient, the Depositary
shall fix a record date (a) for the determination of the Owners of Receipts who shall be (i) entitled to receive such dividend,
distribution or rights or the net proceeds of the sale thereof, (ii) entitled to give instructions for the exercise of voting rights
at any such meeting or (iii) responsible for any fees or charges assessed by the Depositary pursuant to the Deposit Agreement,
or (b) on or after which each American Depositary Share will represent the changed number of Shares, subject to the provisions
of the Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>16.&#9;<U>VOTING OF
DEPOSITED SECURITIES</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Upon receipt from
the Company of notice of any meeting or solicitation of proxies or consents of holders of Shares or other Deposited Securities,
the Depositary shall, if requested in writing by the Company, as soon as practicable thereafter, mail to the Owners of Receipts
a notice, the form of which notice shall be in the sole discretion of the Depositary, which shall contain (a) such information
as is contained in such notice of meeting received by the Depositary from the Company, (b) a statement that the Owners of Receipts
as of the close of business on a specified record date will be entitled, subject to any applicable provision of Cayman Islands
law and of the articles of association or similar document of the Company, to instruct the Depositary as to the exercise of the
voting rights, if any, pertaining to the amount of Shares or other Deposited Securities represented by their respective American
Depositary Shares and (c) a statement as to the manner in which such instructions may be given (including an express indication
that, if no instruction is received, instructions may be deemed given in accordance with the last sentence of this paragraph to
give a discretionary proxy to a person designated by the Company). Upon the written request of an Owner of a Receipt on such record
date, received on or before the date established by the Depositary for such purpose (the &ldquo;Instruction Date&rdquo;), the Depositary
shall endeavor, in so far as practicable, to vote or cause to be voted the amount of Shares or other Deposited Securities represented
by the American Depositary Shares evidenced by such Receipt in accordance with the instructions set forth in such request. The
Depositary shall not vote or attempt to exercise the right to vote that attaches to such Shares or other Deposited Securities other
than in accordance with such instructions or deemed instructions. If (i) the Company made a request to the Depositary as contemplated
by the first sentence of this paragraph and complied with the following paragraph and (ii) no instructions are received by the
Depositary from an Owner with respect to an amount of Deposited Securities represented by the American Depositary Shares evidenced
by such Owner's Receipts on or before the Instruction Date, the Depositary shall deem such Owner to have instructed the Depositary
to give, and the Depositary shall give, a discretionary proxy to a person designated by the Company with respect to that amount
of Deposited Securities; <U>provided</U>, <U>however</U>, that no such instruction shall be deemed given and no such discretionary
proxy shall be given with respect to any matter as to which the Company informs the Depositary (and the Company agrees to provide
such information as promptly as practicable in writing, if applicable) that (x) the Company does not wish such proxy given, (y)
the Company is aware that substantial opposition exists or (z) such matter materially and adversely affects the rights of holders
of Shares.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In order to give Owners
a reasonable opportunity to instruct the Depositary as to the exercise of voting rights relating to Deposited Securities, if the
Company request the Depositary to act under the preceding paragraph, the Company shall give the Depositary notice of any such meeting
or solicitation not less than 45 days prior to the meeting date or date for giving such proxies or consents.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>17.&#9;<U>CHANGES
AFFECTING DEPOSITED SECURITIES</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In circumstances where
the provisions of Section 4.03 of the Deposit Agreement do not apply, upon any change in nominal value, change in par value, split-up,
consolidation, or any other reclassification of Deposited Securities, or upon any recapitalization, reorganization, merger or consolidation,
or sale of assets affecting the Company or to which it is a party, any securities which shall be received by the Depositary or
a Custodian in exchange for or in conversion of or in respect of Deposited Securities shall be treated as new Deposited Securities
under the Deposit Agreement, and American Depositary Shares shall thenceforth represent, in addition to the existing Deposited
Securities, the right to receive the new Deposited Securities so received in exchange or conversion, unless additional Receipts
are delivered pursuant to the following sentence. In any such case the Depositary may, and shall at the Company&rsquo;s written
request, execute and deliver additional Receipts as in the case of a dividend in Shares, or call for the surrender of outstanding
Receipts to be exchanged for new Receipts specifically describing such new Deposited Securities.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>18.&#9;<U>LIABILITY
OF THE COMPANY AND DEPOSITARY</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Neither the Depositary
nor the Company nor any of their respective directors, officers, employees, agents or affiliates shall incur any liability to any
Owner or Beneficial Owner if, by reason of any provision of any present or future law or regulation of the United States or any
other country, or of any other governmental or regulatory authority, or by reason of any provision, present or future, of the articles
of association or similar document of the Company, or by reason of any provision of any securities issued or distributed by the
Company, or any offering or distribution thereof, or by reason of any act of God or war or terrorism or other circumstances beyond
its control, the Depositary or the Company shall be prevented, delayed or forbidden from or be subject to any civil or criminal
penalty on account of doing or performing any act or thing which by the terms of the Deposit Agreement or Deposited Securities
it is provided shall be done or performed; nor shall the Depositary or the Company or any of their respective directors, officers,
employees, agents or affiliates incur any liability to any Owner or Beneficial Owner of a Receipt by reason of any non-performance
or delay, caused as aforesaid, in the performance of any act or thing which by the terms of the Deposit Agreement it is provided
shall or may be done or performed, or by reason of any exercise of, or failure to exercise, any discretion provided for in the
Deposit Agreement. Where, by the terms of a distribution pursuant to Section 4.01, 4.02 or 4.03 of the Deposit Agreement, or an
offering or distribution pursuant to Section 4.04 of the Deposit Agreement, such distribution or offering may not be made available
to Owners of Receipts, and the Depositary may not dispose of such distribution or offering on behalf of such Owners and make the
net proceeds available to such Owners, then the Depositary shall not make such distribution or offering, and shall allow any rights,
if applicable, to lapse. Neither the Company nor the Depositary assumes any obligation or shall be subject to any liability under
the Deposit Agreement to Owners or Beneficial Owners of Receipts, except that they agree to perform their obligations specifically
set forth in the Deposit Agreement without negligence or bad faith. The Depositary shall not be subject to any liability with respect
to the validity or worth of the Deposited Securities. Neither the Depositary nor the Company shall be under any obligation to appear
in, prosecute or defend any action, suit, or other proceeding in respect of any Deposited Securities or in respect of the Receipts
on behalf of any Owner, Beneficial Owner or other person, and the Custodian shall not be under any obligation whatsoever with respect
to such proceedings, the responsibility of the Custodian being solely to the Depositary. Neither the Depositary nor the Company
shall be liable for any action or nonaction by it in reliance upon the advice of or information from legal counsel, accountants,
any person presenting Shares for deposit, any Owner or Beneficial Owner of a Receipt, or any other person believed by it in good
faith to be competent to give such advice or information. The Depositary shall not be responsible for any failure to carry out
any instructions to vote any of the Deposited Securities, or for the manner in which any such vote is cast or the effect of any
such vote, provided that any such action or nonaction is in good faith. The Depositary shall not be liable for any acts or omissions
made by a successor depositary whether in connection with a previous act or omission of the Depositary or in connection with a
matter arising wholly after the removal or resignation of the Depositary, provided that in connection with the issue out of which
such potential liability arises, the Depositary performed its obligations without negligence or bad faith while it acted as Depositary.
No disclaimer of liability under the Securities Act of 1933 is intended by any provision of the Deposit Agreement.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>19.&#9;<U>RESIGNATION
AND REMOVAL OF THE DEPOSITARY; APPOINTMENT OF SUCCESSOR CUSTODIAN</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary may
at any time resign as Depositary by written notice of its election so to do delivered to the Company, such resignation to take
effect upon the appointment of a successor depositary and its acceptance of such appointment as provided in the Deposit Agreement.
The Depositary may at any time be removed by the Company by 90 days&rsquo; prior written notice of such removal, to become effective
upon the later of (i) the 90th day after delivery of the notice to the Depositary or (ii) the appointment of a successor depositary
and its acceptance of such appointment as provided in the Deposit Agreement. Whenever the Depositary in its discretion determines
that it is in the best interest of the Owners of Receipts to do so, it may appoint a substitute or additional custodian or custodians.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>20.&#9;<U>AMENDMENT</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The form of the Receipts
and any provisions of the Deposit Agreement may at any time and from time to time be amended by agreement between the Company and
the Depositary without the consent of Owners or Beneficial Owners in any respect which they may deem necessary or desirable. Any
amendment which shall impose or increase any fees or charges (other than taxes and other governmental charges, registration fees
and cable, telex or facsimile transmission costs, delivery costs or other such expenses), or which shall otherwise prejudice any
substantial existing right of Owners of Receipts, shall, however, not become effective as to outstanding Receipts until the expiration
of thirty days after notice of such amendment shall have been given to the Owners of outstanding Receipts. Every Owner and Beneficial
Owner of a Receipt at the time any amendment so becomes effective shall be deemed, by continuing to hold such Receipt or any interest
therein, to consent and agree to such amendment and to be bound by the Deposit Agreement as amended thereby. In no event shall
any amendment impair the right of the Owner of any Receipt to surrender such Receipt and receive therefor the Deposited Securities
represented thereby except in order to comply with mandatory provisions of applicable law.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>21.&#9;<U>TERMINATION
OF DEPOSIT AGREEMENT</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">The Depositary at
any time at the direction of the Company, shall terminate the Deposit Agreement by mailing notice of termination to the Owners
of all Receipts then outstanding at least 30 days prior to the date fixed in such notice for such termination. The Depositary may
likewise terminate the Deposit Agreement by mailing notice of termination to the Company and the Owners of all Receipts then outstanding
if at least 90 days have passed since the Depositary delivered to the Company a written notice of its election to resign and a
successor depositary has not been appointed and accepted its appointment as provided in the Deposit Agreement. On and after the
date of termination, the Owner of a Receipt will, upon (a) surrender of such Receipt at the Corporate Trust Office of the Depositary,
(b) payment of the fee of the Depositary for the surrender of Receipts referred to in Section 2.05 of the Deposit Agreement, and
(c) payment of any applicable taxes or governmental charges, be entitled to delivery, to him or upon his order, of the amount of
Deposited Securities represented by the American Depositary Shares evidenced by such Receipt. If any Receipts shall remain outstanding
after the date of termination, the Depositary thereafter shall discontinue the registration of transfers of Receipts, shall suspend
the distribution of dividends to the Owners thereof, and shall not give any further notices or perform any further acts under the
Deposit Agreement, except that the Depositary shall continue to collect dividends and other distributions pertaining to Deposited
Securities, shall sell rights and other property as provided in the Deposit Agreement, and shall continue to deliver Deposited
Securities, together with any dividends or other distributions received with respect thereto and the net proceeds of the sale of
any rights or other property, in exchange for Receipts surrendered to the Depositary (after deducting, in each case, the fee of
the Depositary for the surrender of a Receipt, any expenses for the account of the Owner of such Receipt in accordance with the
terms and conditions of the Deposit Agreement, and any applicable taxes or governmental charges). At any time after the expiration
of one year from the date of termination, the Depositary may sell the Deposited Securities then held under the Deposit Agreement
and may thereafter hold uninvested the net proceeds of any such sale, together with any other cash then held by it thereunder,
unsegregated and without liability for interest, for the pro rata benefit of the Owners of Receipts which have not theretofore
been surrendered, such Owners thereupon becoming general creditors of the Depositary with respect to such net proceeds. After making
such sale, the Depositary shall be discharged from all obligations under the Deposit Agreement, except for its obligations to the
Company under Section 5.08 of the Deposit Agreement and to account for such net proceeds and other cash (after deducting, in each
case, the fee of the Depositary for the surrender of a Receipt, any expenses for the account of the Owner of such Receipt in accordance
with the terms and conditions of the Deposit Agreement, and any applicable taxes or governmental charges). Upon the termination
of the Deposit Agreement, the Company shall be discharged from all obligations under the Deposit Agreement except for its obligations
to the Depositary with respect to indemnification, charges, and expenses.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>22.&#9;<U>SUBMISSION
TO JURISDICTION</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">In the Deposit Agreement,
the Company has (i) appointed PTSGE Corp., 925 Fourth Avenue, Suite 2900, Seattle, Washington 98104 as the Company&rsquo;s authorized
agent upon which process may be served in any suit or proceeding arising out of or relating to the Shares or Deposited Securities,
the American Depositary Shares, the Receipts or this Agreement, (ii) consented and submitted to the jurisdiction of any state or
federal court in the State of New York in which any such suit or proceeding may be instituted, and (iii) agreed that service of
process upon said authorized agent shall be deemed in every respect effective service of process upon the Company in any such suit
or proceeding.</P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0in"><B>23.&#9;<U>DISCLOSURE
OF INTERESTS</U>.</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: justify; text-indent: 1in">Notwithstanding any
other provision of the Deposit Agreement, each Owner and Beneficial Owner agrees to comply with requests from the Company pursuant
to applicable law or the Memorandum and Articles of Association of the Company to provide information, inter alia, as to the capacity
in which such Owner or Beneficial Owner owns American Depositary Shares (and Shares, as the case may be) and regarding the identity
of any other person or persons interested in such American Depositary Shares (and Shares, as the case may be) and the nature of
such interest and various other matters, whether or not they are Owners or Beneficial Owners at the time of such request.</P>

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