<SEC-DOCUMENT>0001829126-25-003482.txt : 20250508
<SEC-HEADER>0001829126-25-003482.hdr.sgml : 20250508
<ACCEPTANCE-DATETIME>20250508161506
ACCESSION NUMBER:		0001829126-25-003482
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		5
CONFORMED PERIOD OF REPORT:	20250508
FILED AS OF DATE:		20250508
DATE AS OF CHANGE:		20250508

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MicroAlgo Inc.
		CENTRAL INDEX KEY:			0001800392
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROGRAMMING SERVICES [7371]
		ORGANIZATION NAME:           	06 Technology
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-40024
		FILM NUMBER:		25926293

	BUSINESS ADDRESS:	
		STREET 1:		340 MADISON AVENUE,19TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10173
		BUSINESS PHONE:		781-460-3801

	MAIL ADDRESS:	
		STREET 1:		340 MADISON AVENUE,19TH FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10173

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Venus Acquisition Corp
		DATE OF NAME CHANGE:	20200116
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>microalgoinc_6k.htm
<DESCRIPTION>6-K
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>UNITED
STATES</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>SECURITIES
AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>FORM
6-K</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>REPORT
OF FOREIGN PRIVATE ISSUER<BR>
PURSUANT TO RULE 13a-16 OR 15d-16</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>For
the month of May 2025</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 14pt"><B>MICROALGO
INC.</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Registrant&rsquo;s
Name)</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Unit
507, Building C, Taoyuan Street,</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Long
Jing High and New Technology Jingu Pioneer Park,</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Nanshan
District, Shenzhen, People&rsquo;s Republic of China</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>(Address
of principal executive office)</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Indicate
by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Form
20-F&nbsp;&#9746;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Form 40-F&nbsp;&#9744;</FONT></P>

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Convertible
Note Transaction with Certain Investors</B></FONT></P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">On
May 6, 2025, the Company entered into Convertible Note Purchase Agreements (&ldquo;Purchase Agreements&rdquo;) with certain investors
(the &ldquo;Investors&rdquo;). On May 8, 2025, the Company issued to each Investor an Unsecured Convertible Promissory Note (the &ldquo;Notes&rdquo;)
pursuant to the relevant Purchase Agreements. The aggregate original principal amount of the Notes is $36,000,000.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Note has a term of 360 days commencing on the earlier of May 8, 2025 or the effective date of each of the Notes. The Notes carry an aggregate
original issue discount of $2,880,000. The Company bore the costs and other transaction expenses incurred in connection with the purchase
and sale of the Notes.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each
Investor has the right to elect to convert all or a portion of the outstanding balance under the Note into Class A ordinary shares of
US$0.2 each in the capital of the Company (the &quot;ordinary shares&quot;) pursuant to the following formula: conversion shares equals
amount being converted&nbsp;<I>divided by</I>&nbsp;the conversion price, which is calculated as (A) the lowest market closing price of
the Company&rsquo;s ordinary shares in the 60 trading days preceding the date of conversion request (B)&nbsp;<I>multiplied by</I>&nbsp;70%
and (C) rounded down to the nearest 2 decimal places. The conversion is subject to adjustment in the event of a share subdivision, share
dividend, recapitalization, or similar transaction.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Ownership
Limitation: The Company may at it option decline to effect any conversion of the outstanding balance under the Note to the extent that
after giving effect to such conversion would cause the Investors (on an individual basis) to beneficially own a number of shares exceeding
9.99% of the number of ordinary shares outstanding on such date</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon
occurrence of an Event of Default (as defined in the Note), the interest rate shall accrue on the outstanding balance at the rate equal
to 10% per annum. In the event of a default, Investors will continue to have the right to make conversions until such time the outstanding
balance is paid in full.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Registrant will use the net proceeds from the offering of the Note for working capital and general corporate purposes.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
foregoing descriptions of the Purchase Agreements and the Notes are summaries of the material terms of such agreements, do not purport
to be complete and are qualified in their entirety by reference to the Purchase Agreements, and the Notes, which are attached hereto
as Exhibits 99.1, and 99.2. The prospectus supplement relating to the Offering is filed on the SEC&rsquo;s web site at http://www.sec.gov.</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
current report on Form&nbsp;6-K,&nbsp;including the exhibit hereto, is incorporated by reference into the registration statement on Form&nbsp;F-3&nbsp;of
the Company (File&nbsp;No.&nbsp;333-283522)&nbsp;and shall be a part thereof from the date on which this current report is furnished,
to the extent not superseded by documents or reports subsequently filed or furnished.</FONT></P>

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



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>EXHIBIT
INDEX</B></FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif">
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 8%; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
    No.</B></FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 1%; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 91%; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Description</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="microalgoinc_ex5-1.htm">Opinion of Ogier</A></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: White">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.1</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="microalgoinc_ex99-1.htm">Form of Convertible Note Purchase Agreement</A></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">99.2</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><A HREF="microalgoinc_ex99-2.htm">Form of Note</A></FONT></TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Date:
May&nbsp;8, 2025</FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MicroAlgo
    Inc.</B></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/
    <I>Min Shu</I></FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Min
    Shu</FONT></TD></TR>
  <TR STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
    <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chief
    Executive Officer</FONT></TD></TR>
  </TABLE>


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<TYPE>EX-5.1
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<FILENAME>microalgoinc_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
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<P STYLE="text-align: right; font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit 5.1</B></FONT></P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; color: #346094; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">MicroAlgo Inc.</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; color: #346094; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Unit 507, Building C, Taoyuan Street</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; color: #346094; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Long Jing High and New Technology Jingu Pioneer Park</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; color: #346094; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Nanshan District</FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; color: #346094; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">People&rsquo;s Republic of China</FONT></P></TD>
    <TD STYLE="width: 0.2in; text-align: left; font-size: 10pt; color: #346094"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>D</B></FONT></TD>
    <TD STYLE="text-align: left; font-size: 10pt; color: #346094"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>+852 3656 6054 / +852 3656 6010</B></FONT></TD></TR>
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    <TD STYLE="text-align: left; font-size: 10pt; color: #346094"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>E</B></FONT></TD>
    <TD STYLE="text-align: left">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; color: #346094; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>nathan.powell@ogier.com</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; color: #346094; margin: 0pt 0; text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black"><B>cecilia.li@ogier.com</B></FONT></P></TD></TR>
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    <TD STYLE="text-align: left; font-size: 10pt; color: #346094"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left; font-size: 10pt; color: #346094"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: left; font-size: 10pt; color: #346094"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD>
    <TD STYLE="text-align: left"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">&nbsp;</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="text-align: left; font-size: 10pt; color: #346094"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; color: Black">Reference: NMP/CQL/509534.00001</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0">8 May&nbsp;2025</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0"><B>MicroAlgo Inc. (the Company)</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0">We have acted as Cayman Islands counsel to the Company in connection with the Company&rsquo;s registration statement on Form F-3, including all amendments and supplements thereto (the <B>Registration Statement</B>), initially filed on 29 November&nbsp;2024 with the U.S. Securities and Exchange Commission (the <B>Commission</B>) under the United States Securities Act of 1933, as amended to date (the <B>Act</B>) relating to securities to be issued and sold by the Company from time to time, and the prospectus supplement dated 8 May&nbsp;2025 (the <B>Prospectus Supplement</B>). The Registration Statement and the Prospectus Supplement relate to the sale of (a) up to US$36,000,000 aggregate principal amount of a series of unsecured convertible promissory notes due 2026 (the <B>Convertible Notes</B>) convertible into class A ordinary shares of the Company of a par value of US$0.2 each (the <B>Shares</B>) in accordance with certain convertible note purchase agreements dated 6 May&nbsp;2025 (together, the <B>CNPAs</B>) entered into between the Company and the relevant purchasers named therein (the <B>Purchasers</B>) and (b) the Shares underlying the Convertible Notes pursuant to certain convertible promissory notes dated 8 May&nbsp;2025 issued by the Company in favour of the Purchasers (the <B>Convertible Notes Documents</B>).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0">We are furnishing this opinion as Exhibit 5.1 to the Company&rsquo;s current report on Form 6-K which will be incorporated by reference into the Registration Statement and the Prospectus Supplement (the <B>Form 6-K</B>).</P>

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

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top"><B>1</B></TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in"><B>Documents examined</B></TD> </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0 0 0 0.5in">For the purposes of giving this opinion, we have examined originals, copies, or drafts of the documents set forth in Schedule&nbsp;1. In addition, we have examined the corporate and other documents and conducted the searches listed in Schedule&nbsp;1. We have not made any searches or enquiries concerning, and have not examined any documents entered into by or affecting the Company or any other person, save for the searches, enquiries and examinations expressly referred to in Schedule&nbsp;1.</P>

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

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

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

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><B>Ogier</B></FONT></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Providing advice on British Virgin Islands,</FONT></P>
        <P STYLE="margin: 0pt 0; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Cayman Islands and Guernsey laws</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">&nbsp;</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Floor 11 Central Tower</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">28 Queen&rsquo;s Road Central</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Central</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Hong Kong</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">&nbsp;</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">T +852 3656 6000</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">F +852 3656 6001</FONT></P>
        <P STYLE="font: bold 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">ogier.com</FONT></P></TD>
    <TD STYLE="text-align: left; font-size: 8pt; width: 20%; vertical-align: bottom">
        <P STYLE="font: bold 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Partners</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Nicholas Plowman</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Nathan Powell</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Anthony Oakes</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Oliver Payne</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Kate Hodson</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">David Nelson</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Justin Davis</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Joanne Collett</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Dennis Li</FONT></P></TD>
    <TD STYLE="text-align: left; font-size: 8pt; width: 20%; vertical-align: bottom">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Cecilia Li**</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Rachel Huang**</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Yuki Yan**</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Florence Chan*<SUP>&Dagger;</SUP></FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">Richard Bennett**<SUP>&Dagger;</SUP></FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">James
Bergstrom<SUP>&Dagger;</SUP></FONT></P></TD>
    <TD STYLE="text-align: left; width: 0.2in; vertical-align: bottom">
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><SUP>*</SUP></FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><SUP>**</SUP></FONT></P>
        <P STYLE="margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt"><SUP>&Dagger;</SUP></FONT></P></TD>
    <TD STYLE="text-align: left; font-size: 8pt; width: 25%; vertical-align: bottom">
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">admitted in New Zealand</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">admitted in England and Wales</FONT></P>
        <P STYLE="font: 8pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 8pt">not ordinarily resident in Hong Kong</FONT></P></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Page <B><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --> </B><FONT STYLE="font-style: normal; font-weight: normal">of </FONT><B>9</B></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top"><B>2</B></TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in"><B>Assumptions</B></TD> </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0 0 0 0.5in">In giving this opinion we have relied upon the assumptions set forth in this paragraph 2 without having carried out any independent investigation or verification in respect of those assumptions:</P>

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

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(a)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">all original documents examined by us are authentic and complete;</TD> </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(b)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">all copies of documents examined by us (whether in facsimile, electronic or other form) conform to the originals and those originals are authentic and complete;</TD> </TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(c)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">all signatures, seals, dates, stamps and markings (whether on original or copy documents) are genuine;</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(d)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">each of the Good Standing Certificate, the Register and the Director&rsquo;s Certificate (each as defined in Schedule&nbsp;1) is accurate and complete as at the date of this opinion;</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(e)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the CORIS Search (as defined in Schedule&nbsp;1) which we have examined is accurate and that the information disclosed by the CORIS Search is true and complete and that such information has not since been altered;</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(f)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">all copies of the Registration Statement, the Prospectus Supplement, the CNPAs and the Convertible Notes Documents are true and correct copies and the Registration Statement, the Prospectus Supplement, the CNPAs and the Convertible Notes Documents conform in every material respect to the latest drafts of the same produced to us and, where the Registration Statement, the Prospectus Supplement, the CNPAs or the Convertible Notes Documents have been provided to us in successive drafts marked-up to indicate changes to such documents, all such changes have been so indicated;</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(g)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the Board Resolutions (as defined in Schedule&nbsp;1) remain in full force and effect and each of the directors of the Company has acted in good faith with a view to the best interests of the Company and has exercised the standard of care, diligence and skill that is required of him or her in approving the Registration Statement, the Prospectus Supplement, the CNPAs and the Convertible Notes Documents and no director has a financial interest in or other relationship to a party of the transactions contemplated by the Registration Statement, the Prospectus Supplement, the CNPAs and the Convertible Notes Documents which has not been properly disclosed in the Board Resolutions;</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(h)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">each of the parties to the CNPAs and the Convertible Notes Documents other than the Company is duly incorporated, formed or organised (as applicable), validly existing and in good standing under all relevant laws;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(i)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">each of the CNPAs and the Convertible Notes Documents has been authorised and duly executed and unconditionally delivered by or on behalf of all parties to it in accordance with all applicable laws (other than, in the case of the Company, the laws of the Cayman Islands);</TD> </TR>
  </TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Page <B><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --> </B><FONT STYLE="font-style: normal; font-weight: normal">of </FONT><B>9</B></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(j)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">each of the CNPAs and the Convertible Notes Documents is legal, valid and binding and enforceable against all relevant parties in accordance with its terms under relevant law (other than, in the case of the Company, the laws of the Cayman Islands);</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(k)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">none of the opinions expressed herein will be adversely affected by the laws or public policies of any jurisdiction other than the Cayman Islands. In particular, but without limitation to the previous sentence:</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 1in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(i)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the laws or public policies of any jurisdiction other than the Cayman Islands will not adversely affect the capacity or authority of the Company; and</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 1in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(ii)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">neither the execution or delivery of the Registration Statement, the Prospectus Supplement, the CNPAs or the Convertible Notes Documents nor the exercise by any party to the Registration Statement, the Prospectus Supplement, the CNPAs or the Convertible Notes Documents of its rights or the performance of its obligations under them contravene those laws or public policies;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(l)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">there are no agreements, documents or arrangements (other than the documents expressly referred to in this opinion as having been examined by us) that materially affect or modify the Registration Statement, the Prospectus Supplement, the CNPAs, the Convertible Notes Documents or the transactions contemplated by them or restrict the powers and authority of the Company in any way;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(m)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">no monies paid to or for the account of any party under the Registration Statement, the Prospectus Supplement, the CNPAs and the Convertible Notes Documents represent or will represent criminal property or terrorist property (as defined in the Proceeds of Crime Act (as revised) and the Terrorism Act (as revised), respectively);</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(n)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the issue of the Shares upon the conversion of the Convertible Notes pursuant to the Convertible Notes Documents at the time of issuance, whether as principal issue or on the conversion, exchange or exercise of any Convertible Notes, would not result in the Company exceeding its authorised share capital; and upon the issue of any Shares, the Company will receive consideration for the full issue price thereof which shall be equal to at least the par value thereof and that such issuance will be duly registered, and will continue to be registered, in the Company&rsquo;s register of members;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(o)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">there are no circumstances or matters of fact existing which may properly form the basis for an application for an order for rectification of the register of members of the Company;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(p)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the certificates for the Shares will conform to the specimen as set out thereof and upon issuance will have been duly countersigned by the transfer agent and duly registered by the registrar for the Shares, or, if uncertificated, valid book-entry notations for the issuance of the Shares in uncertificated form will have been duly made in the share register of the Company;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(q)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">no invitation has been or will be made by or on behalf of the Company to the public in the Cayman Islands to subscribe for any of the Shares;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(r)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">at the time of the conversion of the Convertible Notes in accordance with its terms (the <B>Conversion</B>):</TD> </TR>
  </TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Page <B><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --> </B><FONT STYLE="font-style: normal; font-weight: normal">of </FONT><B>9</B></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 1in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(i)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the Company will not have been struck off or placed in liquidation; and</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 1in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(ii)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the issue price for each share issued upon the Conversion will not be less than the par value of such share;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(s)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">neither the directors nor the shareholders of the Company have taken any steps to appoint a liquidator of the Company and no receiver or restructuring officer has been appointed over any of the Company&rsquo;s property or assets;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(t)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">there is no provision of the law of any jurisdiction, other than the Cayman Islands, which would have any implication in relation to the opinions expressed herein; and</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(u)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the Register of Writs (as defined in Schedule&nbsp;1) constitutes a complete and accurate record of the proceedings affecting the Company before the Grand Court as at the time we conducted our investigation of such Register.</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top"><B>3</B></TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in"><B>Opinions</B></TD> </TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0 0 0 0.5in">On the basis of the examinations and assumptions referred to above and subject to the qualifications set forth in Schedule&nbsp;2 and the limitations set forth below, we are of the opinion that:</P>

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

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

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(a)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The Company has been duly incorporated as an exempted company with limited liability and is validly existing and in good standing with the Registrar.</TD> </TR>
  </TABLE>

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

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

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(b)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The authorised share capital of the Company is US$200,000,000 divided into 1,000,000,000 shares comprising of (i) 800,000,000 class A ordinary shares of a par value of US$0.2 each and (ii) 200,000,000 class B ordinary shares of a par value of US$0.2 each.</TD> </TR>
  </TABLE>

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

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

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(c)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The Shares to be offered and issued by the Company as contemplated by the Registration Statement, the Prospectus Supplement and the CNPAs (including the issuance of the Shares upon the conversion of the Convertible Notes in accordance with the Convertible Notes Documents) have been duly authorised and, when issued by the Company upon:</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 1in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(i)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">payment in full of the consideration as set out in the Registration Statement, the Prospectus Supplement and the CNPAs and in accordance with the terms set out in the Registration Statement, the Prospectus Supplement and the CNPAs (including the issuance of the Shares upon the conversion of the Convertible Notes in accordance with the Convertible Notes Documents) and in accordance with the Board Resolutions and the Memorandum and Articles; and</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 1in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(ii)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">the entry of those Shares as fully paid on the register of members of the Company,</TD> </TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1.5in; text-align: justify">shall be validly issued, fully paid and non-assessable.</P>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Page <B><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --> </B><FONT STYLE="font-style: normal; font-weight: normal">of </FONT><B>9</B></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(d)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The statements contained in the Prospectus Supplement forming part of the Registration Statement in the section headed &ldquo;<I>Cayman Islands Taxation</I>&rdquo;, insofar as they purport to summarise the laws or regulations of the Cayman Islands, are accurate in all material respects and that such statements constitute our opinion.</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top"><B>4</B></TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in"><B>Matters not covered</B></TD> </TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0 0 0 0.5in">We offer no opinion:</P>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(a)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">as to any laws other than the laws of the Cayman Islands, and we have not, for the purposes of this opinion, made any investigation of the laws of any other jurisdiction, and we express no opinion as to the meaning, validity, or effect of references in the documents reviewed to statutes, rules, regulations, codes or judicial authority of any jurisdiction other than the Cayman Islands;</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(b)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">except to the extent that this opinion expressly provides otherwise, as to the commercial terms of, or the validity, enforceability or effect of the documents reviewed (or as to how the commercial terms of such documents reflect the intentions of the parties), the accuracy of representations, the fulfilment of warranties or conditions, the occurrence of events of default or terminating events or the existence of any conflicts or inconsistencies among the documents reviewed and any other agreements into which the Company may have entered or any other documents; or</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(c)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">as to whether the acceptance, execution or performance of the Company&rsquo;s obligations under the documents reviewed will result in the breach of or infringe any other agreement, deed or document (other than the Memorandum and Articles) entered into by or binding on the Company.</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top"><B>5</B></TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in"><B>Governing law of this opinion</B></TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">5.1</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">This opinion is:</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(a)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">governed by, and shall be construed in accordance with, the laws of the Cayman Islands;</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(b)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">limited to the matters expressly stated in it; and</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">(c)</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">confined to, and given on the basis of, the laws and practice in the Cayman Islands at the date of this opinion.</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">5.2</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">Unless otherwise indicated, a reference to any specific Cayman Islands legislation is a reference to that legislation as amended to, and as in force at, the date of this opinion.</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top"><B>6</B></TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in"><B>Who can rely on this opinion</B></TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">6.1</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">We hereby consent to the filing of this opinion as an exhibit to the Form 6-K to the reference to our firm under the heading &ldquo;<I>Legal Matters</I>&rdquo; of the Prospectus Supplement. In giving such consent, we do not thereby admit that we come within the category of persons whose consent is required under Section&nbsp;7 of the Act, or the Rules and Regulations of the Commission thereunder.</TD> </TR>
  </TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Page <B><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --> </B><FONT STYLE="font-style: normal; font-weight: normal">of </FONT><B>9</B></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">6.2</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">This opinion may be used only in connection with the Shares by the Company while the Registration Statement and the Prospectus Supplement are effective. With the exception of your professional advisers (acting only in that capacity), it may not be relied upon by any person, other than persons entitled to rely upon it pursuant to the provisions of the Act, without our prior written consent.</TD> </TR>
  </TABLE>

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

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

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

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<TD STYLE="border-bottom: Black 1pt solid; text-align: left; width: 50%"><B>/s/ Ogier</B></TD>
    <TD STYLE="text-align: left; width: 50%">&nbsp;</TD>
</TR>
<TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="text-align: left"><B>Ogier</B></TD>
    <TD STYLE="text-align: left">&nbsp;</TD>
</TR></TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Page <B><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --> </B><FONT STYLE="font-style: normal; font-weight: normal">of </FONT><B>9</B></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0"><B>SCHEDULE 1</B></P>

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

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

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

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    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">1</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The certificate of incorporation of the Company dated 14 May&nbsp;2018 and the certificate of incorporation on change of name of the Company dated 9 December&nbsp;2022 issued by the Registrar of Companies of the Cayman Islands (the <B>Registrar</B>).</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">2</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The amended and restated memorandum and articles of association of the Company adopted by special resolution passed on 21 October&nbsp;2022 with effect from 9 December&nbsp;2022 and filed with the Registrar on 12 December&nbsp;2022 and the minutes of the extraordinary general meeting of the Company held on 15 March&nbsp;2024 and filed with the Registrar on 15 March&nbsp;2024.</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">3</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The amended and restated memorandum and articles of association of the Company adopted by special resolution passed on 29 November&nbsp;2024 with effect from 29 November&nbsp;2024 and filed with the Registrar on 4 December&nbsp;2024 (the <B>Memorandum and Articles</B>);</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">4</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The certificate of good standing dated 6 May&nbsp;2025 (the <B>Good Standing Certificate</B>) issued by the Registrar in respect of the Company.</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">5</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The register of directors and officers of the Company dated 12 January&nbsp;2024 (the <B>Register</B>).</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">6</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">A certificate from a director of the Company dated 8 May&nbsp;2025 as to certain matters of facts (the <B>Director&rsquo;s Certificate</B>).</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">7</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The Register of Writs at the office of the Clerk of Courts in the Cayman Islands as inspected by us on 8 May&nbsp;2025 (the <B>Register of Writs</B>).</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">8</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">A search on the Cayman Online Registry Information Service conducted against the Company at the Registrar on 8 May&nbsp;2025 (the <B>CORIS Search</B>).</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">9</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The unanimous written resolutions of the board of directors of the Company passed on 25 November&nbsp;2024 approving, among other things, the Registration Statement.</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">10</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The unanimous written resolutions of the board of directors of the Company passed on 6 May&nbsp;2025 approving, among other things, the Prospectus Supplement and the CNPAs and the issuance of the Shares and the Convertible Notes (together with item 9, collectively referred to as the <B>Board Resolutions</B>).</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">11</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The Registration Statement and the Form 6-K.</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">12</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The Prospectus Supplement.</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">13</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The CNPAs.</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">14</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">The Convertible Notes Documents.</TD> </TR>
  </TABLE>

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

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    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 6pt"><P STYLE="font: normal 10pt Times New Roman, Times, Serif; text-align: left; margin-top: 0pt; margin-bottom: 0pt">Page <B><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --> </B><FONT STYLE="font-style: normal; font-weight: normal">of </FONT><B>9</B></P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0"><B>SCHEDULE 2</B></P>

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

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

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

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

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

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    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">1</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">Under the Companies Act (Revised) (<B>Companies Act</B>) of the Cayman Islands, annual returns in respect of the Company must be filed with the Registrar, together with payment of annual filing fees. A failure to file annual returns and pay annual filing fees may result in the Company being struck off the Register of Companies, following which its assets will vest in the Financial Secretary of the Cayman Islands and will be subject to disposition or retention for the benefit of the public of the Cayman Islands.</TD> </TR>
  </TABLE>

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

<TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">2</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">In <B>good standing</B> means only that as of the date of the Good Standing Certificate the Company is up-to-date with the filing of its annual returns and payment of annual fees with the Registrar. We have made no enquiries into the Company&rsquo;s good standing with respect to any filings or payment of fees, or both, that it may be required to make under the laws of the Cayman Islands other than the Companies Act.</TD> </TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0"><B>Register of members</B></P>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">3</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">Under the Companies Act, the register of members of a Cayman Islands company is by statute regarded as <I>prima facie</I> evidence of any matters which the Companies Act directs or authorises to be inserted therein. A third party interest in the shares in question would not appear. An entry in the register of members may yield to a court order for rectification (for example, in the event of fraud or manifest error).</TD> </TR>
  </TABLE>

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

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

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

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    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">4</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">In this opinion, the phrase &ldquo;non-assessable&rdquo; means, with respect to the Shares, that a shareholder shall not, solely by virtue of its status as a shareholder, be liable for additional assessments or calls on the Shares by the Company or its creditors (except in exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other circumstance in which a court may be prepared to pierce or lift the corporate veil).</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">5</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">We are not aware of any Cayman Islands authority as to when the courts would set aside the limited liability of a shareholder in a Cayman Islands company. Our opinion on the subject is based on the Companies Act and English common law authorities, the latter of which are persuasive but not binding in the courts of the Cayman Islands. Under English authorities, circumstances in which a court would attribute personal liability to a shareholder are very limited, and include: (a) such shareholder expressly assuming direct liability (such as a guarantee); (b) the company acting as the agent of such shareholder; (c) the company being incorporated by or at the behest of such shareholder for the purpose of committing or furthering such shareholder&rsquo;s fraud, or for a sham transaction otherwise carried out by such shareholder. In the absence of these circumstances, we are of the opinion that a Cayman Islands&rsquo; court would have no grounds to set aside the limited liability of a shareholder.</TD> </TR>
  </TABLE>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0"><B>Register of Writs</B></P>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">6</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">Our examination of the Register of Writs cannot conclusively reveal whether or not there is:</TD> </TR>
  </TABLE>

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

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    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">a.</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">any current or pending litigation in the Cayman Islands against the Company; or</TD> </TR>
  </TABLE>

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

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  <TR>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: right; vertical-align: top"></TD>
    <TD STYLE="vertical-align: top; width: 0.5in; text-align: left; text-indent: 0in; vertical-align: top">b.</TD>
    <TD STYLE="vertical-align: top; text-align: justify; text-indent: 0in">any application for the winding up or dissolution of the Company or the appointment of any liquidator, trustee in bankruptcy or restructuring officer in respect of the Company or any of its assets,</TD> </TR>
  </TABLE>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0 0 0 0.5in">as notice of these matters might not be entered on the Register of Writs immediately or updated expeditiously or the court file associated with the matter or the matter itself may not be publicly available (for example, due to sealing orders having been made). Furthermore, we have not conducted a search of the summary court. Claims in the summary court are limited to a maximum of CI $20,000.</P>

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

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>microalgoinc_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: right; margin: 0"><B>Exhibit 99.1</B></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0"><B><FONT STYLE="font-variant: small-caps">Convertible Note Purchase Agreement</FONT></B></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; margin: 0">This Convertible Note Purchase Agreement (this &ldquo;Agreement&rdquo;), dated as of [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 2025 is entered into by and between MicroAlgo Inc<FONT STYLE="font-variant: small-caps">.</FONT>, a Cayman Islands exempted company (the &ldquo;<B>Company</B>&rdquo;), and the purchaser identified on the signature page hereto (including its successors
         and assigns, the &ldquo;<B>Purchaser</B>&rdquo;).</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">A. The Company and the Purchaser are executing and delivering this Agreement in reliance
         upon an exemption from securities registration afforded by the Securities Act of 1933,
         as amended (the &ldquo;<B>1933 Act</B>&rdquo;), and the rules and regulations promulgated thereunder by the United States Securities
         and Exchange Commission.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">B. The Purchaser desires to
      purchase and the Company desires to Issue and sell, upon the terms and conditions set forth in this Agreement, that certain
      Convertible Promissory Note in the form attached hereto as <U>Exhibit A</U>, in the original principal amount of
      US$[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;] (the &ldquo;<B>Note</B>&rdquo;). The Note shall be convertible into Class A ordinary
      shares of par value US$0.2 each of the Company (&ldquo;<B>Shares</B>&rdquo;), upon the terms and subject to the limitations and
      conditions set forth in the Note.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">C. This Agreement, the Note, and all other certificates, documents, agreements, resolutions
         and instruments delivered to any party under or in connection with this Agreement,
         as the same may be amended from time to time, are collectively referred to herein
         as the &ldquo;<B>Transaction Documents</B>&rdquo;.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">D. For purposes of this Agreement: &ldquo;<B>Conversion Shares</B>&rdquo; means all Shares issuable upon conversion of all or any portion of the Note; and
         &ldquo;<B>Securities</B>&rdquo; means the Note and the Conversion Shares.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0"><B>NOW, THEREFORE</B>, in consideration of the above recitals and other good and valuable consideration,
         the receipt and sufficiency of which are hereby acknowledged, the Company and the
         Purchaser hereby agree as follows:</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">1. <U>Purchase and Sale of Securities</U>.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">1.1. <U>Purchase of Securities</U>. The Company shall issue and sell to Purchaser and each Purchaser shall purchase
         from the Company the Note. In consideration thereof, the Purchaser shall pay the purchase
         price in an amount equal to 92% of the original principal amount of the Note (the
         &ldquo;<B>Purchase Price</B>&rdquo;) to the Company.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">1.2. <U>Form of Payment</U>. On the Closing Date (as defined below), the Purchaser shall pay the Purchase Price
         to the Company via wire transfer of immediately available funds against delivery of
         the Note.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">1.3. <U>Closing Date</U>.
      Subject to the satisfaction (or written waiver) of the conditions set forth in Section&nbsp;5 and Section&nbsp;6 below, the date of
      the issuance and sale of the Note pursuant to this Agreement (the &ldquo;<B>Closing Date</B>&rdquo;) shall be within 30 days after
      the date of this Agreement, or another mutually agreed upon date. The closing of the transactions contemplated by this Agreement
      (the &ldquo;<B>Closing</B>&rdquo;) shall occur on the Closing Date by means of the exchange by email of signed. pdf documents, but
      shall be deemed for all purposes to have occurred at the Company&rsquo;s principal executive offices in Shenzhen, People&rsquo;s
      Republic of China.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">2. <U>Purchaser&rsquo;s Representations and Warranties</U>. The Purchaser represents and warrants to the Company that as of the date hereof
         and as of the Closing Date as follows (unless as of a specific date therein, in which
         case they shall be accurate as of such date):</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(a) <U>Or</U>g<U>anization;
      Authority</U>. The Purchaser is either an individual or an entity duly incorporated or formed, validly existing and in good standing
      under the laws of the jurisdiction of its incorporation or formation with full right, corporate, partnership limited liability
      company or similar power and authority to enter into and to consummate the transactions contemplated by this Agreement and otherwise
      to carry out its obligations hereunder and thereunder. The execution and delivery of this Agreement and performance by the Purchaser
      of the transactions contemplated by this Agreement have been duly authorized by all necessary corporate, partnership, limited
      liability company or similar action, as applicable, on the part of the Purchaser. Each Transaction Document to which it is a party
      has been duly executed by the Purchaser, and when delivered by the Purchaser in accordance with the terms hereof, will constitute
      the valid and legally binding obligation of the Purchaser, enforceable against it in accordance with its terms, except: (i) as
      limited by general equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium and other laws of general
      application affecting enforcement of creditors&rsquo; rights generally, (ii) as limited by laws relating to the availability of
      specific performance, injunctive relief or other equitable remedies and (iii) insofar as indemnification and contribution provisions
      may be limited by applicable law.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1.5in">(b) <U>Purchaser Status</U>.
At the time the Purchaser was offered the Securities, it was, and as of the date hereof it is, and on the Closing Date, it will be either
an &ldquo;accredited investor&rdquo; as defined in Rule 501(a) under the 1933 Act. The Purchaser is acquiring the Securities for its own
account for investment purposes only and not with a view towards, or for resale in connection with, the public sale or distribution thereof
in violation of applicable securities laws, except pursuant to sales registered or exempted under the 1933 Act. The Purchaser understands
that the Securities are &ldquo;restricted securities&rdquo; within the meaning of Rule 144 promulgated under the 1933 Act and have not been
registered under the 1933 Act or any state securities laws. The Purchaser acknowledges that the Securities may not be offered, sold, pledged,
assigned or otherwise transferred unless (i) subsequently registered under the 1933 Act and applicable state securities laws, (ii) pursuant
to Rule 144, or (iii) pursuant to another available exemption from the registration requirements of the 1933 Act and applicable state
securities laws. The Purchaser acknowledges that the certificates or book-entry notations representing the Securities will bear a legend
reflecting the foregoing restrictions on transfer. The Purchaser understands that its investment in the Securities involves a high degree
of risk.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(c) <U>Experience of Purchaser</U>. The Purchaser, either alone or together with its representatives, has such knowledge,
         sophistication and experience in business and financial matters so as to be capable
         of evaluating the merits and risks of the prospective investment in the Securities,
         and has so evaluated the merits and risks of such investment. The Purchaser is able
         to bear the economic risk of an investment in the Securities and, at the present time,
         is able to afford a complete loss of such investment.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(d) <U>Restricted Securities</U>. The Purchaser acknowledges that absent an effective registration under the 1933
         Act, the Securities may only be offered, sold or otherwise transferred (i) to the
         Company, or (ii) pursuant to an exemption from registration under the 1933 Act.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(e) <U>Access to Information</U>. The Purchaser acknowledges that it has had the opportunity to review the Transaction
         Documents (including all exhibits and schedules thereto) and all reports, schedules,
         forms, statements and other documents filed by the Company under the 1933 Act and
         Securities Exchange Act of 1934, as amended (the &ldquo;<B>1934 Act</B>&rdquo;), including pursuant to Section&nbsp;13(a) or 15(d) thereof, including the exhibits thereto and documents incorporated by
         reference therein and has been afforded (i) the opportunity to ask such questions
         as it has deemed necessary of, and to receive answers from, representatives of the
         Company concerning the terms and conditions of the offering of the Securities and
         the merits and risks of investing in the Securities; (ii) access to information about
         the Company and its financial condition, results of operations, business, properties,
         management and prospects sufficient to enable it to evaluate its investment; and (iii)
         the opportunity to obtain such additional information that the Company possesses or
         can acquire without unreasonable effort or expense that is necessary to make an informed
         investment decision with respect to the investment.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(f) <U>General Solicitation</U>. The Purchaser is not purchasing the Securities as a result of any advertisement,
         article, notice or other communication regarding the Securities published in any newspaper,
         magazine or similar media or broadcast over television or radio or presented at any
         seminar or, to our knowledge, any other general solicitation or general advertisement.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">3. <U>Company&rsquo;s Representations and Warranties</U>. The Company represents and warrants to the Purchaser that as of the Closing Date:</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(a) <U>Organization and Qualification</U>. The Company is an exempted company with limited liability duly incorporated, validly
         existing and in good standing under the laws of the Cayman Islands, and each subsidiary
         of the Company is duly incorporated or organized, validly existing and in good standing
         (with respect to jurisdictions that recognize the concept of good standing) under
         the laws of its jurisdiction of organization. Each of the Company and its subsidiaries
         has the requisite power and authority to own, lease and operate its properties and
         to carry on its business as currently being conducted, and is duly qualified or licensed
         to do business in all material respects in each jurisdiction in which the property
         owned, leased or operated by it or the nature of the business conducted by it makes
         such qualification or licensing necessary.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(b) <U>Authorization; Enforcement; Validity</U>. The Company has the requisite corporate power and authority to execute and deliver
         the Transaction Documents and to perform its obligations thereunder. The execution,
         delivery and performance by the Company of the Transaction Documents, including the
         issuance of the Note and the Conversion Shares, have been duly authorized by all necessary
         corporate action on the part of the Company. Each Transaction Document to which the
         Company is a party has been or will be duly executed and delivered by the Company,
         and, assuming the due authorization, execution and delivery by the Purchaser and the
         other parties thereto, constitutes a legal, valid and binding obligation of the Company,
         enforceable against it in accordance with its terms, except as limited by general
         equitable principles and applicable bankruptcy, insolvency, reorganization, moratorium
         and other laws of general application affecting enforcement of creditors&rsquo; rights generally.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(c) <U>Issuance of the Conversion Shares</U>. The Conversion Shares are duly authorized and, when issued and paid for in accordance
         with the applicable Transaction Documents, will be duly and validly issued, fully
         paid and nonassessable, free and clear of all liens imposed by the Company.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(d) <U>Capitalization</U>. All issued and outstanding ordinary shares have been duly authorized and validly
         issued and are fully paid and non-assessable, were issued in compliance with applicable
         U.S. and other applicable securities laws and were not issued in violation of any
         preemptive right, resale right or right of first refusal.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(e) <U>No Conflicts</U>. The execution, delivery and performance by the Company of the Transaction Documents,
         including the issuance of the Note and the Conversion Shares, will not (i) result
         in a violation of the Memorandum and Articles, (ii) conflict with, or constitute a
         default (or an event which with notice or lapse of time or both would become a default)
         under, or give to others any rights of termination, amendment, acceleration or cancellation
         of, any agreement to which the Company is a party, or (iii) result in a violation
         of any law applicable to the Company or by which any property or asset thereof is
         bound, except in the case of clauses (ii) and (iii) above, for such conflicts, defaults,
         rights or violations which would not, individually or in the aggregate, reasonably
         be expected to have a material adverse effect on the ability of the Company to perform
         its obligations under the Transaction Documents to which it is a party.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(f) <U>Filings, Consents and Approvals</U>. The Company is not required to obtain any consent, waiver, authorization or order
         of, give any notice to, or make any filing or registration with, any court or other
         federal, state, local or other governmental authority or other person in connection
         with the execution, delivery and performance by the Company of the Transaction Documents,
         other than such filings as are required to be made under applicable federal securities
         laws and the laws of the PRC.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1.5in; margin: 0">(g) <U>No Additional Representations</U>. The Company makes no representations or warranties as to any matter whatsoever except
         as expressly set forth in the Transaction Documents or in any certificate delivered
         by the Company to the Purchaser in accordance with the terms thereof.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">4. <U>Company Covenants</U>.
Until all of Company&rsquo;s obligations under the Note are paid and performed in full, or within the timeframes otherwise specifically
set forth below, so long as Purchaser beneficially owns Company&rsquo;s securities, Company will at all times comply with the following
covenants: (i) Company will timely file on the applicable deadline all reports required to be filed with the SEC pursuant to Sections&nbsp;13
or 15(d) of the 1934 Act, and will take all reasonable action under its control to ensure that adequate current public information with
respect to Company, as required in accordance with Rule&nbsp;144 of the 1933 Act, is publicly available, and will not terminate its status
as an issuer required to file reports under the 1934 Act even if the 1934 Act or the rules and regulations thereunder would permit such
termination; (ii) the Shares shall be listed or quoted for trading on NYSE or NASDAQ; and (iii) trading in Company&rsquo;s Shares will
not be suspended, halted, chilled, frozen, reach zero bid or otherwise cease trading on Company&rsquo;s principal trading market; (iv)
for a period of six months following the Closing Date, while Company may raise any capital it deems necessary for its operations, Company
shall not enter into any agreement or otherwise agree to any covenant, condition, or obligation that locks up, restricts in any way or
otherwise prohibits Company (without the consent by each Purchaser): (a) from entering into a variable rate transaction with Purchaser
or any affiliate of Purchaser, or (b) from issuing Shares, preferred stock, warrants, convertible notes, other debt securities, or any
other Company securities to Purchaser or any affiliate of Purchaser; and (v) Company will file, within 30 days following the Closing Date,
a prospectus supplement under its effective registration statement on Form F-3 (No. 333-283522) (the &lsquo;Registration Statement&rsquo;) covering
the resale by the Purchaser of at least 2 times the maximum number of Conversion Shares initially issuable upon full conversion of the
Note (calculated based on the Conversion Price in effect as of the Closing Date, without regard to any future adjustments or beneficial
ownership limitations), and shall use its commercially reasonable efforts to keep such Registration Statement effective until such time
as all Conversion Shares registered thereunder have been sold or may be sold without restriction under Rule 144..</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">5. <U>Conditions to Company&rsquo;s Obligation to Sell</U>. The obligation of the Company hereunder to issue and sell the Securities to the
         Purchaser at the Closing is subject to the satisfaction, on or before the Closing
         Date, of each of the following conditions:</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">5.1. The Purchaser shall have executed this Agreement and delivered the same to the
         Company.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">5.2. The Purchaser shall have delivered the Purchase Price to the Company in accordance
         with Section&nbsp;1.2 above.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">6. <U>Conditions to Purchaser&rsquo;s Obligation to Purchase</U>. The obligation of the Purchaser hereunder to purchase the Securities at the Closing
         is subject to the satisfaction, on or before the Closing Date, of each of the following
         conditions, provided that these conditions may be waived by the Purchaser at any time
         in its sole discretion:</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">6.1. The Company shall have executed this Agreement and the Note and delivered the
         same to the Purchaser.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">6.2. The Company shall have delivered to the Purchaser fully executed copies of all
         other Transaction Documents required to be executed by the Company herein or therein.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">7. <U>Miscellaneous</U>.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7.1. <U>Termination</U>. This
Agreement may be terminated by the Company by written notice to the Purchaser if the Closing has not been consummated on or before May
30, 2025.</P>

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



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.2. <U>Governing Law; Dispute Resolution</U>. This Agreement shall be governed by and construed exclusively in accordance with
         the laws of New York, without giving effect to any choice of law rule that would cause
         the application of the laws of any jurisdiction to the rights and duties of the parties
         hereunder. The Company and the Purchaser agree to negotiate in good faith to resolve
         any dispute, controversy, difference or claim arising out of or relating to or regarding
         this Agreement including the existence, validity, interpretation, performance, breach
         or termination thereof or any dispute regarding non-contractual obligations arising
         out of or relating to it (each, a &ldquo;<B>Dispute</B>&rdquo;).</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.3. <U>Counterparts</U>. This Agreement may be executed in two (2) or more counterparts, each of which shall
         be deemed an original, but all of which together shall constitute one and the same
         instrument. Counterparts may be delivered via facsimile, electronic mail (including
         pdf or any electronic signature complying with the U.S. federal ESIGN Act of 2000,
         e.g., www.docusign.com) or other transmission method and any counterpart so delivered
         shall be deemed to have been duly and validly delivered and be valid and effective
         for all purposes.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.4. <U>Headings</U>. The headings of this Agreement are for convenience of reference only and shall not
         form part of, or affect the interpretation of, this Agreement.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.5. <U>Severability</U>. In the event that any provision of this Agreement is invalid or unenforceable under
         any applicable statute or rule of law, then such provision shall be deemed inoperative
         to the extent that it may conflict therewith and shall be deemed modified to conform
         to such statute or rule of law. Any provision hereof which may prove invalid or unenforceable
         under any law shall not affect the validity or enforceability of any other provision
         hereof.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.6. <U>Entire Agreement</U>. This Agreement, together with the other Transaction Documents, contains the entire
         understanding of the parties with respect to the matters covered herein and therein
         and, except as specifically set forth herein or therein, neither Company nor the Purchaser
         makes any representation, warranty, covenant or undertaking with respect to such matters.
         For the avoidance of doubt, all prior term sheets or other documents between Company
         and the Purchaser, or any affiliate thereof, related to the transactions contemplated
         by the Transaction Documents (collectively, &ldquo;<B>Prior Agreements</B>&rdquo;), that may have been entered into between Company and the Purchaser, or any affiliate
         thereof, are hereby null and void and deemed to be replaced in their entirety by the
         Transaction Documents. To the extent there is a conflict between any term set forth
         in any Prior Agreement and the term(s) of the Transaction Documents, the Transaction
         Documents shall govern.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.7. <U>Amendments</U>. No provision of this Agreement may be waived or amended other than by an instrument
         in writing signed by both parties hereto.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.8. <U>Notices</U>. Any notice required or permitted hereunder shall be given in writing (unless otherwise
         specified herein) and shall be deemed effectively given on the earliest of: (i) the
         date delivered, if delivered by personal delivery as against written receipt therefor
         or by email to an executive officer named below or such officer&rsquo;s successor, or by facsimile (with successful transmission confirmation which is kept
         by sending party), (ii) the earlier of the date delivered or the third Business Day
         after deposit, postage prepaid, in the United States Postal Service by certified mail,
         or (iii) the earlier of the date delivered or the third Business Day after mailing
         by express courier, with delivery costs and fees prepaid, in each case, addressed
         to each of the other parties thereunto (or at such other addresses as such party may
         designate by five (5) calendar days&rsquo; advance written notice similarly given to each of the other parties hereto). The
         address for such notices and communications shall be as set forth on the signature
         pages attached hereto. &ldquo;<B>Business Day</B>&rdquo; means any day that is not a Saturday, a Sunday or other day on which banks are required
         or authorized by applicable laws to be closed in Beijing, Cayman Islands, Hong Kong
         or New York.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7.9. <U>Successors and Assigns</U>.
Neither party may assign its rights or delegate its duties under this Agreement or the other Transaction Documents without the prior written
consent of the other party, which consent shall not be unreasonably withheld, conditioned, or delayed; provided, however, that the Purchaser
may assign its rights and delegate its duties hereunder, in whole or in part, to any affiliate of the Purchaser without the prior written
consent of the Company, upon providing prompt written notice of such assignment to the Company. This Agreement shall be binding upon and
inure to the benefit of the parties hereto and their respective successors and permitted assigns. Any attempted assignment in violation
of this Section 7.9 shall be null and void.&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">7.10. <U>Survival and Indemnification
      </U>.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(a) The representations and
warranties of the Company and the Purchaser contained herein or in any other Transaction Document, and the agreements and covenants set
forth herein and therein, shall survive the Closing hereunder notwithstanding any due diligence investigation conducted by or on behalf
of the other party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(b) The Company agrees to indemnify
and hold harmless the Purchaser and its officers, directors, employees, affiliates, attorneys, and agents (collectively, &ldquo;Purchaser
Indemnitees&rdquo;) from and against any and all losses, claims, damages, liabilities, costs, and expenses (including reasonable attorneys&rsquo;
fees and expenses) (collectively, &ldquo;Losses&rdquo;) arising out of or related to any breach of any representation or warranty made by
the Company in this Agreement or any other Transaction Document, or any breach or non-fulfillment of any covenant or agreement made by
the Company in this Agreement or any other Transaction Document, including advancement of reasonable expenses as they are incurred by
such Purchaser Indemnitee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">(c) The Purchaser agrees to
indemnify and hold harmless the Company and its officers, directors, employees, affiliates, attorneys, and agents (collectively, &ldquo;Company
Indemnitees&rdquo;) from and against any and all Losses arising out of or related to any breach of any representation or warranty made
by the Purchaser in this Agreement, or any breach or non-fulfillment of any covenant or agreement made by the Purchaser in this Agreement,
including advancement of reasonable expenses as they are incurred by such Company Indemnitee.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">Explanation of Changes to 7.10:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1in">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.11. <U>Further Assurances</U>. Each party shall do and perform, or cause to be done and performed, all such further
         acts and things, and shall execute and deliver all such other agreements, certificates,
         instruments and documents, as the other party may reasonably request in order to carry
         out the intent and accomplish the purposes of this Agreement and the consummation
         of the transactions contemplated hereby.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.12. <U>Purchaser&rsquo;s Rights and Remedies Cumulative</U>. All rights, remedies, and powers conferred in this Agreement and the Transaction
         Documents are cumulative and not exclusive of any other rights or remedies, and shall
         be in addition to every other right, power, and remedy that the Purchaser may have,
         whether specifically granted in this Agreement or any other Transaction Document,
         or existing at law, in equity, or by statute, and any and all such rights and remedies
         may be exercised from time to time and as often and in such order as the Purchaser
         may deem expedient.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.13. <U>Fees and Expenses</U>. Except as expressly set forth in the Transaction Documents to the contrary, each
         party shall pay the fees and expenses of its advisers, counsel, accountants and other
         experts, if any, and all other expenses incurred by such party incident to the negotiation,
         preparation, execution, delivery and performance of this Agreement.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.14. <U>No Third-Party Beneficiaries</U>. This Agreement is intended for the benefit of the parties hereto and their respective
         successors and permitted assigns and is not for the benefit of, nor may any provision
         hereof be enforced by, any other person.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 1in; margin: 0">7.15. <U>Waiver</U>. No waiver of any provision of this Agreement shall be effective unless it is in
         the form of a writing signed by the party granting the waiver. No waiver of any provision
         or consent to any prohibited action shall constitute a waiver of any other provision
         or consent to any other prohibited action, whether or not similar. No waiver or consent
         shall constitute a continuing waiver or consent or commit a party to provide a waiver
         or consent in the future except to the extent specifically set forth in writing.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: center; margin: 0">[<I>Remainder of page intentionally left blank; signature page follows</I>]</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; text-align: justify; text-indent: 0.5in; margin: 0">IN WITNESS WHEREOF, the undersigned the Purchaser and the Company have caused this
         Agreement to be duly executed as of the date first above written.</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>
      <TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD COLSPAN="2" STYLE="text-align: left; vertical-align: bottom">PURCHASER:</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD COLSPAN="2" STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; width: 50%; vertical-align: bottom">&nbsp;</TD>
            <TD STYLE="white-space: nowrap; text-align: left; vertical-align: bottom; width: 5%; vertical-align: bottom">By:</TD>
            <TD STYLE="text-align: left; vertical-align: bottom; width: 45%; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp;</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD STYLE="white-space: nowrap; text-align: left; vertical-align: bottom; vertical-align: bottom">Printed Name:&nbsp;</TD>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD STYLE="white-space: nowrap; text-align: left; vertical-align: bottom; vertical-align: bottom">Title:</TD>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD COLSPAN="2" STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD COLSPAN="2" STYLE="text-align: left; vertical-align: bottom">COMPANY:</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD COLSPAN="2" STYLE="text-align: left; vertical-align: bottom">&nbsp;</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD STYLE="white-space: nowrap; text-align: left; vertical-align: bottom; vertical-align: bottom">By:</TD>
            <TD STYLE="text-align: left; vertical-align: bottom; border-bottom: Black 1pt solid; vertical-align: bottom">&nbsp;</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD STYLE="white-space: nowrap; text-align: left; vertical-align: bottom; vertical-align: bottom">Printed Name:&nbsp;</TD>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">Min Shu</TD>
         </TR>
         <TR>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">&nbsp;</TD>
            <TD STYLE="white-space: nowrap; text-align: left; vertical-align: bottom; vertical-align: bottom">Title: </TD>
            <TD STYLE="text-align: left; vertical-align: bottom; vertical-align: bottom">Director</TD>
         </TR>
      </TABLE>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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



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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>4
<FILENAME>microalgoinc_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
   <HEAD>
      <TITLE></TITLE>
   </HEAD>
   <BODY STYLE="font: 10pt Times New Roman, Times, Serif">

      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
      99.2</B></FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; font-variant: small-caps"><B>CONVERTIBLE
      PROMISSORY NOTE</B></FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Effective
            Date: [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]</FONT></TD>
            <TD STYLE="font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 50%; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">U.S.
            $[&nbsp;&nbsp;&nbsp;]</FONT></TD>
         </TR>
      </TABLE>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR
      VALUE RECEIVED, MicroAlgo Inc., a Cayman Islands exempted company (&ldquo;<B>Borrower</B>&rdquo;), promises to pay to _______,
      a __________ company, or its successors or assigns (&ldquo;<B>Lender</B>&rdquo;), $[&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;]
      and any interest, fees, charges, and late fees accrued hereunder on the date (the &ldquo;<B>Maturity Date</B>&rdquo;) that is 360
      days after the date the Purchase Price for this Note is delivered by Lender to Borrower (the &ldquo;<B>Purchase Price Date</B>&rdquo;)
      in accordance with the terms set forth herein and to pay interest on the Outstanding Balance (as defined below) at the simple rate
      of 0% per annum from the Purchase Price Date until the same is paid in full. All interests hereunder (if applicable) shall be computed
      on the basis of a 360-day year comprised of twelve (12) thirty (30) day months, and shall be payable on the Maturity Date.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">This Convertible Promissory
Note (this &ldquo;<B>Note</B>&rdquo;) is issued and made effective as of [&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;], 2025 (the &ldquo;<B>Effective
Date</B>&rdquo;). This Note is issued pursuant to that certain Convertible Note Purchase Agreement dated May 6 , 2025, as the same may
be amended from time to time, by and between Borrower and Lender (the &ldquo;<B>Purchase Agreement</B>&rdquo;). For all purposes of this
Note, (a) the &ldquo;<B>Outstanding Balance</B>&rdquo; means, as of any date of determination, the Purchase Price, as reduced or increased,
as the case may be, pursuant to the terms hereof for payment, Conversion (as defined below), offset, or otherwise, plus accrued but unpaid
interest, and (b) &ldquo;<B>Business Day</B>&rdquo; means any day that is not a Saturday, a Sunday or other day on which banks are required
or authorized by applicable laws to be closed in Beijing, Cayman Islands, Hong Kong or New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
      purchase price for this Note shall be $8,280,000.00 (the &ldquo;<B>Purchase Price</B>&rdquo;).
      The Purchase Price shall be payable by Lender by wire transfer of immediately available funds.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.
      <U>Payment; Prepayment</U>.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.1.
      <U>Payment</U>. All payments owing hereunder shall be in lawful money of the United States of America or Conversion Shares (as
      defined below), as provided for herein, and delivered to Lender at the address or bank account furnished to Borrower for that purpose.
      All payments shall be applied first to (a) costs of collection, if any, then to (b) fees and charges, if any, then to (c) accrued
      and unpaid interest, and thereafter, to (d) principal.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>






      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.2.
      <U>Prepayment</U>. Notwithstanding the foregoing, Borrower shall have the right to prepay all or any portion of the Outstanding
      Balance (less such portion of the Outstanding Balance for which Borrower has received a Conversion Notice (as defined below) from
      Lender where the applicable Conversion Shares have not yet been delivered).</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>






      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.
      <U>Security</U>. This Note is unsecured.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">3.
      <U>Lender Optional Conversion</U>.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.1. <U>Conversions</U>. Lender
has the right at any time after the Purchase Price Date until the Outstanding Balance has been paid in full, at its election, to convert
(&ldquo;<B>Conversion</B>&rdquo;) all, or a portion of the Outstanding Balance into Class A ordinary shares of par value US$0.2 each of
Borrower (&ldquo;<B>Conversion Shares</B>&rdquo;) as per the following conversion formula: the number of Conversion Shares equals the
amount being converted (the &ldquo;<B>Conversion Amount</B>&rdquo;) divided by the Conversion Price. Conversion notices shall be in the
form attached hereto as <U>Exhibit A</U> (each, a &ldquo;<B>Conversion Notice</B>&rdquo;) and may be effectively delivered to Borrower
by any method set forth in the &ldquo;Notices&rdquo; section of the Purchase Agreement. Borrower shall take necessary actions to enable
the share registrar or transfer agent to deliver the Conversion Shares from any Conversion to Lender or its Permitted Designee (as defined
below) in accordance with Section 7 below. &ldquo;<B>Permitted Designee</B>&rdquo; means any individual, partnership, firm, corporation,
association, trust, unincorporated organization or other entity which directly, legally and beneficially owns any issued and outstanding
equity securities of Lender.</P>

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in">3.2. <U>Conversion Price</U>. Subject to adjustment as set forth in
this Note, the price at which Lender has the right to convert all, and no less than all, of the Outstanding Balance into Conversion Shares
is the Conversion Price, which shall be calculated as (A) the lowest market closing price of the Company&rsquo;s Class A ordinary shares
in the sixty (60) trading days preceding the date of the Conversion Notice (the &ldquo;<B>Reference Price</B>&rdquo;), (B) <I>multiplied
by</I> 70%, and (C) rounded down to the nearest 2 decimal places, subject to adjustment in the event of a stock split, stock dividend,
recapitalization, or similar transactions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.
      <U>Trigger Events; Defaults; and Remedies</U>.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.1.
      <U>Trigger Events</U>. The following are trigger events under this Note (each, a &ldquo;<B>Trigger Event</B>&rdquo;): (a) Borrower
      fails to pay any principal, interest, fees, charges, or any other amount when due and payable hereunder; (b) a receiver, trustee
      or other similar official shall be appointed over Borrower or a material part of its assets and such appointment shall remain uncontested
      for 60 days or shall not be dismissed or discharged within 60 days; (c) Borrower files a petition for relief under any bankruptcy,
      insolvency or similar law (domestic or foreign); (d) an involuntary bankruptcy proceeding is commenced or filed against Borrower.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.2.
      <U>Defaults</U>. At any time following the occurrence of a Trigger Event, Lender may, at its option, send written notice to Borrower
      demanding that Borrower cure the Trigger Event within 60 Business Days. If Borrower fails to cure the Trigger Event within the
      required 60 Business Day cure period, the Trigger Event will automatically become an event of default hereunder (each, an &ldquo;<B>Event
      of Default</B>&rdquo;) and the date of the Event of Default shall be the 60<SUP>th</SUP> Business Day following the occurrence
      of the relevant Trigger Event.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 1in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">4.3.
      <U>Default Remedies</U>. At any time and from time to time following the occurrence of any Event of Default, Lender may accelerate
      this Note by written notice to Borrower, with the Outstanding Balance becoming immediately due and payable in cash. At any time
      following the occurrence of any Event of Default, upon written notice given by Lender to Borrower to accelerate this Note, interest
      shall accrue on the Outstanding Balance beginning on the date the applicable Event of Default occurred at an interest rate equal
      to 10% per annum (&ldquo;<B>Default Interest</B>&rdquo;) until the Outstanding Balance is paid in full. For the avoidance of doubt,
      the foregoing interest rate of 10% per annum shall be the only interest that may accrue on the Outstanding Balance beginning on
      the date of the applicable Event of Default, and the original interest rate of 0% per annum shall cease to have effect from the
      date of the applicable Event of Default. Lender may continue making Conversions at any time following a Trigger Event or an Event
      of Default until such time as the Outstanding Balance is paid in full. Such acceleration may be rescinded and annulled by Lender
      at any time prior to payment hereunder and Lender shall have all rights as a holder of the Note until such time, if any, as Lender
      receives full payment pursuant to this Section&nbsp;4.3. No such rescission or annulment shall affect any subsequent Event of Default
      or impair any right consequent thereon. Nothing herein shall limit Lender&rsquo;s right to pursue any other remedies available
      to it at law or in equity including, without limitation, a decree of specific performance and/or injunctive relief with respect
      to Borrower&rsquo;s failure to timely deliver Conversion Shares upon Conversion of the Note as required pursuant to the terms hereof.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">5.
      <U>Waiver</U>. No waiver of any provision of this Note shall be effective unless it is in the form of a writing signed by the party
      granting the waiver. No waiver of any provision or consent to any prohibited action shall constitute a waiver of any other provision
      or consent to any other prohibited action, whether or not similar. No waiver or consent shall constitute a continuing waiver or
      consent or commit a party to provide a waiver or consent in the future except to the extent specifically set forth in writing.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">6. <U>Adjustment of Conversion
Price upon Share Subdivision or Combination</U>. Without limiting any provision hereof, if Borrower at any time on or after the Effective
Date subdivides (by any stock split, stock dividend, recapitalization, ratio change or otherwise) its outstanding ordinary shares into
a greater number of shares, the Conversion Price in effect immediately prior to such subdivision will be proportionately reduced. Without
limiting any provision hereof, if Borrower at any time on or after the Effective Date combines (by combination, reverse stock split, ratio
change or otherwise) its outstanding Class A ordinary shares into a smaller number of shares, the Conversion Price in effect immediately
prior to such combination will be proportionately increased. Any adjustment pursuant to this Section 6 shall become effective immediately
after the effective date of such subdivision or combination. If any event requiring an adjustment under this Section 6 occurs during the
period that a Conversion Price is calculated hereunder, then the calculation of such Conversion Price shall be adjusted appropriately
to reflect such event.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.
      <U>Method of Conversion Share Delivery</U>. On or before the close of business on the 10<SUP>th</SUP> Business Day following the
      date of delivery of a Conversion Notice (the &ldquo;<B>Delivery Date</B>&rdquo;), Borrower shall deliver or cause its share registrar
      or transfer agent to deliver the applicable Conversion Shares and a certificate representing the number of Conversion Shares to
      which Lender shall be entitled, registered in the name of Lender or its Permitted Designee. Moreover, and notwithstanding anything
      to the contrary herein or in any other Transaction Document, in the event Borrower or its share registrar or transfer agent refuses
      to deliver any Conversion Shares without a restrictive securities legend to Lender on grounds that such issuance is in violation
      of Rule&nbsp;144 under the Securities Act of 1933, as amended (&ldquo;<B>Rule&nbsp;144</B>&rdquo;), Borrower shall deliver or cause
      its share registrar or transfer agent to deliver the applicable Conversion Shares to Lender with a restricted securities legend,
      but otherwise in accordance with the provisions of this Section&nbsp;7.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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

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






      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.
      <U>Issuance Fees</U>. Lender will be solely liable for any fees that must be paid by Borrower in order to issue any Conversion
      Shares.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>






      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.
      <U>Ownership Limitation</U>. Notwithstanding anything to the contrary contained in this Note or the other Transaction Documents,
      Borrower may, at its option, decline to effect any conversion of this Note to the extent that after giving effect to such conversion
      would cause each of Lender or any Permitted Designee to, on an individual basis, beneficially own a number of shares exceeding
      9.99% of the number of shares outstanding on such date (including for such purpose the Conversion Shares issuable upon such issuance)
      (the &ldquo;<B>Maximum Percentage</B>&rdquo;). For purposes of this section, beneficial ownership of shares will be determined
      pursuant to Section&nbsp;13(d) of the 1934 Act. Borrower and Lender may, by written agreement, increase, decrease or waive the
      Maximum Percentage as to Lender.</FONT></P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.
      <U>Opinion of Counsel</U>. In the event that an opinion of counsel is needed for any matter related to this Note, Lender has the
      right to have any such opinion provided by its counsel at its own costs.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">11. <U>Governing Law; Dispute
Resolution</U>. This Agreement shall be governed by and construed exclusively in accordance with the laws of New York, without giving
effect to any choice of law rule that would cause the application of the laws of any jurisdiction to the rights and duties of the parties
hereunder. The Borrower and the Lender agree to negotiate in good faith to resolve any dispute, controversy, difference or claim arising
out of or relating to or regarding this Agreement including the existence, validity, interpretation, performance, breach or termination
thereof or any dispute regarding non-contractual obligations arising out of or relating to it (each, a &ldquo;<B>Dispute</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">12.
      <U>Cancellation</U>. After repayment or conversion of the entire Outstanding Balance, this Note shall be deemed paid in full, shall
      automatically be deemed canceled, and shall not be reissued.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">13.
      <U>Amendments</U>. The prior written consent of both parties hereto shall be required for any change or amendment to this Note.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">14. <U>Assignments</U>. Neither
party may assign its rights or delegate its duties under this Agreement or the other Transaction Documents without the prior written consent
of the other party, which consent shall not be unreasonably withheld, conditioned, or delayed; provided, however, that the Lender may
assign its rights and delegate its duties hereunder, in whole or in part, to any affiliate of the Lender without the prior written consent
of the Borrower, upon providing prompt written notice of such assignment to the Borrower. This Agreement shall be binding upon and inure
to the benefit of the parties hereto and their respective successors and permitted assigns. Any attempted assignment in violation of this
Section 14 shall be null and void.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">15.
      <U>Notices</U>. Whenever notice is required to be given under this Note, unless otherwise provided herein, such notice shall be
      given in accordance with the section of the Purchase Agreement titled &ldquo;Notices.&rdquo;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">16.
      <U>Severability</U>. If any part of this Note is construed to be in violation of any law, such part shall be modified to achieve
      the objective of Borrower and Lender to the fullest extent permitted by law and the balance of this Note shall remain in full force
      and effect.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[<I>Remainder
      of page intentionally left blank; signature page follows</I>]</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



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



      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">IN
      WITNESS WHEREOF, Borrower has caused this Note to be duly executed as of the Effective Date.</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
            <TD COLSPAN="2" STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">BORROWER:</FONT></TD>
         </TR>
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
            <TD COLSPAN="2" STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
         </TR>
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 50%; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 5%; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; width: 45%; border-bottom: Black 1pt solid; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
         </TR>
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Min
            Shu</FONT></TD>
         </TR>
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Director</FONT></TD>
         </TR>
      </TABLE>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><U>ACKNOWLEDGED,
      ACCEPTED AND AGREED</U>:</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">LENDER:</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <TABLE BORDER="0" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">By:</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 45%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top; width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
         </TR>
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name:</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
         </TR>
         <TR STYLE="font: 10pt Times New Roman, Times, Serif">
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title:</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
            <TD STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; vertical-align: top"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
         </TR>
      </TABLE>
      <P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">[<I>Signature
      Page to Convertible Promissory Note</I>]</FONT></P>
      <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>



<!-- Field: Page; Sequence: 5; Value: 2 -->
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