<SEC-DOCUMENT>0001213900-23-030410.txt : 20230418
<SEC-HEADER>0001213900-23-030410.hdr.sgml : 20230418
<ACCEPTANCE-DATETIME>20230418060215
ACCESSION NUMBER:		0001213900-23-030410
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		3
CONFORMED PERIOD OF REPORT:	20230418
FILED AS OF DATE:		20230418
DATE AS OF CHANGE:		20230418

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GLORY STAR NEW MEDIA GROUP HOLDINGS Ltd
		CENTRAL INDEX KEY:			0001738758
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38631
		FILM NUMBER:		23825409

	BUSINESS ADDRESS:	
		STREET 1:		22ND FLOOR, BLOCK B, XINHUA TECH BLDG.
		STREET 2:		NO. 8 TUOFANGYING ROAD
		CITY:			CHAOYANG DISTRICT, BEIJING
		STATE:			F4
		ZIP:			00000
		BUSINESS PHONE:		86-13810355988

	MAIL ADDRESS:	
		STREET 1:		22ND FLOOR, BLOCK B, XINHUA TECH BLDG.
		STREET 2:		NO. 8 TUOFANGYING ROAD
		CITY:			CHAOYANG DISTRICT, BEIJING
		STATE:			F4
		ZIP:			00000

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	TKK SYMPHONY ACQUISITION Corp
		DATE OF NAME CHANGE:	20180426
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>ea177056-6k_glorystar.htm
<DESCRIPTION>REPORT OF FOREIGN PRIVATE ISSUER
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

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

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

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



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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

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

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

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

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

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



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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>For the month of April, 2023</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Commission File Number: 001-38631 </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>GLORY STAR NEW MEDIA GROUP HOLDINGS LIMITED</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>22F, Block B, Xinhua Technology Building,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>No. 8 Tuofangying South Road,</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Jiuxianqiao, Chaoyang District, Beijing, China
100016</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></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">Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:</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">&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">Form
20-F &#9746; Form 40-F &#9744;</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">&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></P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; border-bottom: Black 2pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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


<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->



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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On April 18, 2023, Glory Star New Media Group Holdings Limited (the &ldquo;Company&rdquo;) entered into a Share Subscription Agreement
(the &ldquo;Subscription Agreement&rdquo;) with two (2) accredited investors (the &ldquo;Investors&rdquo;), each of whom represented that
it was a &ldquo;non-U.S. Persons&rdquo; as defined in Regulation S of the Securities Act of 1933, as amended (the &ldquo;Securities Act&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant
to the Subscription Agreement, the Company agreed to issue and sell to the Investors an aggregate of 24,193,548 ordinary shares of the
Company, par value $0.0001 (the &ldquo;Shares&rdquo;), at a price per share of $2.48 (the &ldquo;Private Placement&rdquo;). The gross
proceeds from the Private Placement will be $60,000,000. The purchase price was determined based off of the privatization price of US
$1.55 per share approved by the Company&rsquo;s shareholders on November 11, 2022, with a 60% premium as agreed to by the Company and
the Investors. The closing of the Private Placement is anticipated to occur on or about May 9, 2023.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company intends to use the net
proceeds from the private placement for general corporate purposes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Shares have not been registered under the Securities Act, and may
not be offered or sold in the United States absent a registration statement or exemption from registration. The Shares to be issued in
the Private Placement are exempt from the registration requirements of the Securities Act of 1933, as amended, pursuant to Section 4(a)(2)
of the Securities Act and Regulation S.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing descriptions of the material terms of the Subscription Agreement is qualified in
its entirety by reference to the full text of the form of Subscription Agreement which is filed as Exhibit 4.1 to this Form 6-K and incorporated
herein by reference.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This report and Exhibit 4.1 to this Form 6-K shall
be deemed to be incorporated by reference in the registration statements of on <A HREF="http://www.sec.gov/Archives/edgar/data/1738758/000121390020009818/ea120861-s8_glorystarnew.htm">Form S-8</A> (File No. 333-237788) and on <A HREF="http://www.sec.gov/Archives/edgar/data/1738758/000121390020025033/ea126257-f3_glorystar.htm">Form F-3</A> (File No.
333-248554), each as filed with the Securities and Exchange Commission, to the extent not superseded by documents or reports subsequently
filed.</P>

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

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

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

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">Exhibit&#9;</TD>
    <TD>&nbsp;</TD><TD STYLE="border-bottom: Black 1.5pt solid; text-align: left">Exhibit Description</TD></TR>
                                                                                                                                          <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
<TD STYLE="text-align: left; width: 9%">4.1</TD>
    <TD STYLE="width: 1%">&nbsp;</TD><TD STYLE="text-align: left; width: 90%"><A HREF="ea177056ex4-1_glorystar.htm">Form of Share Subscription Agreement dated April 18, 2023</A></TD></TR><TR STYLE="vertical-align: top; background-color: White">
<TD STYLE="text-align: left">99.1</TD>
    <TD>&nbsp;</TD><TD STYLE="text-align: left"><A HREF="ea177056ex99-1_glorystar.htm">Press Release dated April 18, 2023</A></TD></TR>
                                                                                                                                                             </TABLE>


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

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

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->


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

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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify"><FONT STYLE="font-size: 10pt"><B>Glory Star New Media Group Holdings Limited</B></FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="width: 60%; text-align: justify">&nbsp;</TD>
    <TD STYLE="width: 5%; text-align: justify"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 35%; border-bottom: black 1.5pt solid; text-align: justify"><FONT STYLE="font-size: 10pt">/s/ Bing Zhang</FONT></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Name:&nbsp;</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Title: &nbsp;</P></TD>
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Bing Zhang</P>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Chief Executive Officer</P></TD></TR>
  <TR STYLE="vertical-align: top">
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top">
    <TD>
    <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dated: April 18, 2023</P></TD>
    <TD STYLE="text-align: justify">&nbsp;</TD>
    <TD STYLE="text-align: justify">&nbsp;</TD></TR>
  </TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-4.1
<SEQUENCE>2
<FILENAME>ea177056ex4-1_glorystar.htm
<DESCRIPTION>FORM OF SHARE SUBSCRIPTION AGREEMENT DATED APRIL 18, 2023
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="text-align: right; margin: 0"><B>Exhibit 4.1</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#12304;&#20080;&#26041;&#12305;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#20851;&#20110;</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#20043;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#32929;&#20221;&#35748;&#36141;&#21327;&#35758;</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2023<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>
4 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT> 18<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;</FONT></B></P>

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

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

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

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

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>April 18, 2023 </B></P>

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

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

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

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

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

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

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

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

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

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

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

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

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

<!-- Field: Page; Sequence: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#30446;&#24405;</B></P>

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD STYLE="width: 90%"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&nbsp;&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#37322;&#20041;</FONT>/ARTICLE 1 DEFINITIONS</TD>
    <TD STYLE="text-align: center; width: 10%">2</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#32929;&#20221;&#21457;&#34892;</FONT>/ARTICLE 2 ISSUANCE OF SHARES</TD>
    <TD STYLE="text-align: center">4</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#20808;&#20915;&#26465;&#20214;</FONT>/ARTICLE 3 CONDITIONS PRECEDENT</TD>
    <TD STYLE="text-align: center">4</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#25903;&#20184;&#26041;&#24335;</FONT>/ARTICLE 4 PAYMENT METHOD</TD>
    <TD STYLE="text-align: center">5</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT> 5 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#38472;&#36848;&#21644;&#20445;&#35777;</FONT>/ARTICLE 5 REPRESENTATIONS AND WARRANTIES</TD>
    <TD STYLE="text-align: center">5</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#36829;&#32422;&#36131;&#20219;</FONT>/ARTICLE 6 DEFAULT</TD>
    <TD STYLE="text-align: center">10</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#20445;&#23494;</FONT>/ARTICLE 7 CONFIDENTIALITY</TD>
    <TD STYLE="text-align: center">11</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT> 8 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#36866;&#29992;&#27861;&#24459;&#21450;&#20105;&#35758;&#35299;&#20915;</FONT>/ARTICLE 8 GOVERNING LAW AND DISPUTE RESOLUTION</TD>
    <TD STYLE="text-align: center">11</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#19981;&#21487;&#25239;&#21147;</FONT>/ARTICLE 9 FORCE MAJEURE</TD>
    <TD STYLE="text-align: center">12</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT> 10 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#21327;&#35758;&#29983;&#25928;&#12289;&#21464;&#26356;&#21450;&#32456;&#27490;</FONT>/ARTICLE 10 EFFECTIVENESS, AMENDMENT AND TERMINATION</TD>
    <TD STYLE="text-align: center">13</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT> 11 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#36890;&#30693;&#21450;&#36865;&#36798;</FONT>/ARTICLE 11 SERVICE OF NOTICES AND SERVICE OF PROCESS</TD>
    <TD STYLE="text-align: center">14</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#36153;&#29992;</FONT>/ARTICLE 12 FEES</TD>
    <TD STYLE="text-align: center">14</TD></TR>
  <TR STYLE="vertical-align: top; background-color: White">
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">&nbsp;</TD></TR>
  <TR STYLE="vertical-align: top; background-color: rgb(204,238,255)">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>13<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465; &#20854;&#20182;</FONT>/ARTICLE 13 MISCELLANEOUS</TD>
    <TD STYLE="text-align: center">14</TD></TR>
  </TABLE>

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

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

<!-- Field: Page; Sequence: 2; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: LowerRoman; Name: PageNo -->i<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&#32929;&#20221;&#35748;&#36141;&#21327;&#35758;</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#20110;</FONT>
2023 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>&#9;4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>&#9;18<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#30001;&#20197;&#19979;&#21508;&#26041;&#22312;
&#21271;&#20140;&#24066; &#31614;&#35746;&#65306;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This Agreement is made and entered into on April 18, 2023, in Beijing,
by and between:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif"><B></B></FONT><B>&#65288;1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12304;&#20080;&#26041;&#12305;</FONT></B><FONT STYLE="font-family: Times New Roman, Times, Serif">
&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;<B>&#20080;&#26041;</B>&rdquo;&#65289;</FONT>/[Purchaser] (&ldquo;<B>Purchaser</B>&rdquo;)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#20303;&#25152;&#65306;&#12304;&#22320;&#22336;&#12305;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&#65288;2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT>Glory
Star New Media Group Holdings Limited</B><FONT STYLE="font-family: Times New Roman, Times, Serif">&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;</FONT>Glory
Star&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&ldquo;&#20844;&#21496;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;</FONT>/
Glory Star New Media Group Holdings Limited (&ldquo;<B>Glory Star</B>&rdquo; or the &ldquo;<B>Company</B>&rdquo;)</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#20303;&#25152;&#65306;</FONT>Sertus
Chambers, Governors Square, Suite#5-204, 23 Line Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Island.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Registered Address: Sertus Chambers, Governors Square, Suite # 5-204,
23 Line Tree Bay Avenue, P.O. Box 2547, Grand Cayman, KY1-1104, Cayman Island.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#37492;&#20110;&#65306;</P>

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

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

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> 1&#12289; <FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT>Glory Star <FONT STYLE="font-family: Times New Roman, Times, Serif">&#31995;&#19968;&#23478;&#20381;&#25454;&#24320;&#26364;&#32676;&#23707;&#27861;&#24459;&#26377;&#25928;&#35774;&#31435;&#21644;&#23384;&#32493;&#30340;&#20844;&#21496;&#65292;&#25130;&#33267;&#26412;&#21327;&#35758;&#31614;&#32626;&#20043;&#26085;&#65292;</FONT>Glory Star <FONT STYLE="font-family: Times New Roman, Times, Serif">&#24050;&#20844;&#24320;&#21457;&#34892;</FONT> 68,124,402 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#32929;&#20221;&#12290;</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: 10pt">&nbsp;</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: 10pt">Glory
Star is a company validly incorporated and existing under the laws of the Cayman Islands. As of the execution date of this Agreement,
Glory Star has publicly issued 68,124,402 shares.</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: 10pt">&nbsp;</FONT></P>

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2&#12289;
&#20080;&#26041;&#26377;&#24847;&#25353;&#29031;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#65292;&#25112;&#30053;&#25237;&#36164;&#35748;&#36141;
Glory Star &#32929;&#20221;&#65292;&#27599;&#20221;&#38754;&#20540;0.0001&#32654;&#20803;&#65288;&ldquo;&#30446;&#26631;&#32929;&#20221;&rdquo;&#65289;&#12290;</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: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Purchaser intends to make an strategic investment, to subscribe for
and purchase ordinary shares, par value $0.0001 per share (&ldquo;Shares&rdquo;), from Glory Star, in accordance with the terms and conditions
set forth in this Agreement.</P>

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

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

<!-- Field: Page; Sequence: 3; Options: NewSection; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->1<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#29616;&#21508;&#26041;&#22312;&#24179;&#31561;&#12289;&#33258;&#24895;&#12289;&#35802;&#20449;&#30340;&#22522;&#30784;&#19978;&#65292;&#20381;&#25454;&#30456;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#21450;&#35268;&#33539;&#24615;&#27861;&#24459;&#25991;&#20214;&#65292;&#32463;&#21451;&#22909;&#21327;&#21830;&#65292;&#36798;&#25104;&#26412;&#21327;&#35758;&#65292;&#20197;&#20857;&#20849;&#21516;&#36981;&#23432;&#65306;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">NOW, THEREFORE, on the basis of the principle of equality, mutual assent
and good faith, in accordance with relevant laws, regulations and regulatory legal documents, the Parties have reached this Agreement
through friendly negotiations:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#22312;&#26412;&#21327;&#35758;&#20013;&#65292;&#20197;&#19978;&#21508;&#26041;&#21333;&#29420;&#31216;&#20026;&ldquo;&#19968;&#26041;&rdquo;&#65292;&#21512;&#24182;&#31216;&#20026;&ldquo;&#21508;&#26041;&rdquo;&#12290;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The foregoing parties are referred to herein individually as a &ldquo;Party&rdquo;
and collectively as the &ldquo;Parties&rdquo;.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>1<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#37322;&#20041;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 1 DEFINITIONS</P>

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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> 1.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#38750;&#20855;&#20307;&#26465;&#27454;&#21478;&#26377;&#32422;&#23450;&#65292;&#19979;&#21015;&#35789;&#35821;&#22312;&#26412;&#21327;&#35758;&#20013;&#20351;&#29992;&#26102;&#20855;&#26377;&#20197;&#19979;&#21547;&#20041;&#65306;</FONT></P>



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

<P STYLE="text-align: justify; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> 1.1 Unless otherwise specified in specific terms, the following terms used herein shall have the following meanings:</P>



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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#65292;&#25351;&#21508;&#26041;&#31614;&#32626;&#30340;&#26412;&#32929;&#20221;&#35748;&#36141;&#21327;&#35758;&#65292;&#21253;&#25324;&#23545;&#26412;&#32929;&#20221;&#35748;&#36141;&#21327;&#35758;&#30340;&#20219;&#20309;&#20462;&#25913;&#12289;&#21464;&#26356;&#12289;&#20462;&#35746;&#25110;&#34917;&#20805;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.1 &ldquo;<B>Agreement</B>&rdquo; means this Share Subscription
Agreement among the Parties, including any change, revision, amendment or supplement to this Share Subscription Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#27425;&#35748;&#36141;&#65292;&#25351;&#20080;&#26041;&#25110;&#20854;&#25351;&#23450;&#20851;&#32852;&#26041;&#26681;&#25454;&#26412;&#21327;&#35758;&#32422;&#23450;&#30340;&#26465;&#27454;&#21644;&#26465;&#20214;&#21450;&#32435;&#26031;&#36798;&#20811;&#30456;&#20851;&#35268;&#21017;&#35748;&#36141;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26032;&#21457;&#34892;&#30446;&#26631;&#32929;&#20221;&#30340;&#34892;&#20026;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.2 &ldquo;<B>Subscription</B>&rdquo; means the subscription
by Purchaser or its designated affiliate for the newly issued Shares of the Glory Star pursuant to the terms and conditions of this Agreement
and under the relevant NASDAQ rules.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#65292;&#25351;</FONT>
U.S. Securities and Exchange Commission<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.3 &ldquo;<B>SEC</B>&rdquo; means the United States Securities
and Exchange Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.4&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32435;&#26031;&#36798;&#20811;&#65292;&#25351;&#32654;&#22269;&#20840;&#22269;&#35777;&#21048;&#20132;&#26131;&#21830;&#21327;&#20250;&#33258;&#21160;&#25253;&#20215;&#34920;&#65288;</FONT>National
Association of Securities Dealers Automated Quotations<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.4 &ldquo;<B>NASDAQ</B>&rdquo; means the US National Association
of Securities Dealers Automated Quotation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.5&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20851;&#32852;&#26041;&#65292;&#25351;&#23601;&#20219;&#20309;&#20027;&#20307;&#32780;&#35328;&#65292;&#19968;&#20010;&#25110;&#19968;&#20010;&#20197;&#19978;&#30340;&#20027;&#20307;&#30452;&#25509;&#25110;&#38388;&#25509;&#25511;&#21046;&#35813;&#20027;&#20307;&#25110;&#21463;&#21040;&#35813;&#20027;&#20307;&#30340;&#25511;&#21046;&#25110;&#19982;&#35813;&#20027;&#20307;&#20849;&#21516;&#21463;&#20854;&#20182;&#20027;&#20307;&#30340;&#25511;&#21046;&#30340;&#24773;&#24418;&#12290;&#26412;&#27454;&#20043;&ldquo;&#25511;&#21046;&rdquo;</FONT>
(<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21253;&#25324;&ldquo;&#34987;&#25511;&#21046;&rdquo;&#21450;&ldquo;&#34987;&#20849;&#21516;&#25511;&#21046;&rdquo;</FONT>)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26159;&#25351;&#36890;&#36807;&#25345;&#26377;&#20855;&#26377;&#34920;&#20915;&#26435;&#30340;&#32929;&#26435;&#12289;&#32929;&#20221;&#12289;&#20854;&#20182;&#26377;&#20215;&#35777;&#21048;&#12289;&#21512;&#21516;&#12289;&#21327;&#35758;&#25110;&#20854;&#20182;&#26041;&#24335;&#65292;&#21487;&#20915;&#23450;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35843;&#25972;&#26576;&#19968;&#26041;&#30340;&#32463;&#33829;&#21450;&#25919;&#31574;&#25110;&#30452;&#25509;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38388;&#25509;&#25317;&#26377;&#20351;&#35813;&#31561;&#20915;&#23450;&#25110;&#35843;&#25972;&#25104;&#20026;&#21487;&#33021;&#30340;&#26435;&#21033;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt"></P>

<!-- Field: Page; Sequence: 4; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.5 &ldquo;<B>Affiliate</B>&rdquo; means, with respect to
any Person, any circumstance that one or more Persons directly or indirectly Controlling or Controlled by or under common Control with
such Person. For the purpose of this section, &ldquo;Control&rdquo; (including the terms &ldquo;controlled by&rdquo; and &ldquo;under common
control with&rdquo;) means the possession of the power to determine/adjust the operation and policies of a party or the possession, directly
or indirectly, of the power to make such determination or adjustment possible, whether through the ownership of voting equity interests,
shares, other securities, contracts, agreements or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.6&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24037;&#20316;&#26085;&#65292;&#25351;&#38500;&#21608;&#20845;&#12289;&#21608;&#26085;&#20197;&#21450;&#20013;&#22269;&#25110;&#32654;&#22269;&#30340;&#20844;&#20241;&#26085;&#20197;&#22806;&#20043;&#26085;&#20013;&#65292;&#20013;&#22269;&#25110;&#32654;&#22269;&#38134;&#34892;&#33829;&#19994;&#20043;&#26085;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.6 &ldquo;<B>Business Day</B>&rdquo; means a day (other than
a Saturday or a Sunday) that the banks in the United States and PRC are generally open for business.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.7&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32452;&#32455;&#25991;&#20214;&#65292;&#23545;&#20110;&#20219;&#20309;&#19968;&#26041;&#32780;&#35328;&#65292;&#25351;&#35813;&#26041;&#30340;&#20844;&#21496;&#31456;&#31243;&#12289;&#33829;&#19994;&#25191;&#29031;&#12289;&#25209;&#20934;&#35777;&#20070;&#12289;&#32929;&#19996;&#21327;&#35758;&#12289;&#25110;&#19982;&#27492;&#30456;&#24403;&#30340;&#31649;&#29702;&#25110;&#32452;&#32455;&#25991;&#20214;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.7 &ldquo;<B>Constitutional Documents</B>&rdquo; means, in
respect of any Party, the articles of association, business license, approval certificate, shareholders&rsquo; agreement, or any equivalent
governing or constitutional documents of such Party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.8&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36866;&#29992;&#27861;&#24459;&#65292;&#23545;&#20110;&#20219;&#20309;&#19968;&#26041;&#32780;&#35328;&#65292;&#25351;&#36866;&#29992;&#20110;&#35813;&#26041;&#25110;&#23545;&#35813;&#26041;&#25110;&#20854;&#20219;&#20309;&#36130;&#20135;&#26377;&#32422;&#26463;&#21147;&#30340;&#12289;&#20844;&#24320;&#12289;&#26377;&#25928;&#24182;&#19988;&#36866;&#29992;&#30340;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#20915;&#23450;&#12289;&#21629;&#20196;&#12289;&#30456;&#20851;&#25919;&#24220;&#37096;&#38376;&#35268;&#31456;&#21644;&#22320;&#26041;&#25919;&#24220;&#35268;&#31456;&#20197;&#21450;&#20854;&#20182;&#24418;&#24335;&#30340;&#20855;&#26377;&#27861;&#24459;&#32422;&#26463;&#21147;&#30340;&#35268;&#33539;&#24615;&#25991;&#20214;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.8 &ldquo;<B>Applicable Law</B>&rdquo; means, in respect
of any Party, public, valid and applicable laws, regulations, decisions, orders, relevant governmental rules and local government regulations
and regulatory documents in other forms legally binding as applicable to such Party or binding upon such Party or any of its properties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.9&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#22269;&#65292;&#25351;&#20013;&#21326;&#20154;&#27665;&#20849;&#21644;&#22269;&#65292;&#20026;&#26412;&#21327;&#35758;&#20043;&#30446;&#30340;&#65292;&#19981;&#21253;&#25324;&#20013;&#22269;&#39321;&#28207;&#12289;&#28595;&#38376;&#29305;&#21035;&#34892;&#25919;&#21306;&#21644;&#20013;&#22269;&#21488;&#28286;&#30465;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">1.1.9 &ldquo;<B>PRC</B>&rdquo; means the People&rsquo;s Republic
of China and for purposes of this Agreement, excludes Hong Kong, Macao Special Administrative Region and Taiwan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#26412;&#21327;&#35758;&#20013;&#38500;&#38750;&#19978;&#19979;&#25991;&#21478;&#26377;&#35268;&#23450;&#65306;</FONT>(i)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20961;&#25552;&#21450;&#26412;&#21327;&#35758;&#24212;&#21253;&#25324;&#23545;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#20462;&#35746;&#25110;&#34917;&#20805;&#30340;&#25991;&#20214;&#65307;</FONT>(ii)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20961;&#25552;&#21450;&#26465;&#27454;&#26159;&#25351;&#26412;&#21327;&#35758;&#30340;&#26465;&#27454;&#65307;</FONT>(iii)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30340;&#30446;&#24405;&#21644;&#26465;&#27454;&#30340;&#26631;&#39064;&#20165;&#20026;&#26597;&#38405;&#26041;&#20415;&#32780;&#35774;&#32622;&#65292;&#19981;&#24212;&#26500;&#25104;&#23545;&#26412;&#21327;&#35758;&#30340;&#20219;&#20309;&#35299;&#37322;&#65292;&#19981;&#23545;&#26631;&#39064;&#20043;&#19979;&#30340;&#20869;&#23481;&#21450;&#20854;&#33539;&#22260;&#26377;&#20219;&#20309;&#38480;&#23450;&#65307;</FONT>(iv)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#21478;&#26377;&#32422;&#23450;&#22806;&#65292;&#26412;&#21327;&#35758;&#25552;&#21450;&#30340;&#26085;&#12289;&#22825;&#22343;&#20026;&#33258;&#28982;&#26085;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.2 In this Agreement, unless otherwise expressly provided therein:
(i) any reference to &ldquo;this Agreement&rdquo; shall include any documents that modify or supplement this Agreement; (ii) any reference
to &ldquo;Articles&rdquo; or &ldquo;Sections&rdquo; means a reference to a &ldquo;Section&rdquo; or &ldquo;Sections&rdquo; of this Agreement;
(iii) the table of contents and headings to Articles are inserted for ease of reference only and shall not be construed as interpreting
this Agreement or limiting the matters under such headings or the scope thereof; (iv) unless otherwise agreed, any reference to &ldquo;day&rdquo;
or &ldquo;day&rdquo; in this Agreement means a natural day.</P>

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

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

<!-- Field: Page; Sequence: 5; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#20221;&#21457;&#34892;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 2 &#9;ISSUANCE OF SHARES</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#22312;&#26412;&#21327;&#35758;&#31532;</FONT>
3.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#30340;&#20808;&#20915;&#26465;&#20214;&#20840;&#37096;&#33719;&#24471;&#28385;&#36275;&#30340;&#24773;&#20917;&#19979;&#65292;&#20080;&#26041;&#25110;&#20854;&#25351;&#23450;&#20851;&#32852;&#26041;&#23558;&#35748;&#36141;</FONT>
Glory Star <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26032;&#22686;&#21457;&#34892;&#30340;</FONT>___<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#30446;&#26631;&#32929;&#20221;&#65292;&#35748;&#36141;&#24635;&#20215;&#20026;</FONT>___<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19975;&#32654;&#20803;&#65288;&ldquo;&#35748;&#36141;&#20215;&#27454;&rdquo;&#65289;&#65292;&#25240;&#21512;&#27599;&#32929;</FONT>2.48<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#20803;&#65288;&ldquo;&#26412;&#27425;&#35748;&#36141;&rdquo;&#65289;&#12290;&#21508;&#26041;&#30830;&#35748;&#65292;&#35748;&#36141;&#20215;&#26684;&#26159;&#22522;&#20110;</FONT>Glory
Star <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20110;</FONT>2022<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;</FONT>11<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26376;</FONT>11<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#30340;&#32929;&#19996;&#22823;&#20250;&#25209;&#20934;&#30340;&#31169;&#26377;&#21270;&#20215;&#26684;</FONT>1.55<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#20803;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32929;&#65292;&#24182;&#19988;&#21508;&#26041;&#21516;&#24847;&#35813;&#20215;&#26684;&#30340;&#28322;&#20215;&#20026;</FONT>60%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.1 The Parties agree that, upon satisfaction of all the conditions
precedent set forth in Article 3.1 hereof, Purchaser or its designated affiliate shall subscribe for ___________ newly issued Shares for
an aggregate purchase price of US $[__] (the &ldquo;Subscription Price&rdquo;), or US $2.48 per share (this &ldquo;Subscription&rdquo;). The
Parties acknowledge that the Subscription Price is based off of the privatization price of US $1.55 per share approved by the shareholders&rsquo;
meeting of Glory Star dated November 11, 2022, with a 60 % premium as agreed to by the Parties.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#26412;&#27425;&#35748;&#36141;&#24212;&#31526;&#21512;&#30456;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#21644;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#12289;&#32435;&#26031;&#36798;&#20811;&#30340;&#30456;&#20851;&#35268;&#23450;&#65292;&#21508;&#26041;&#24212;&#23601;&#28385;&#36275;&#35813;&#31561;&#35268;&#23450;&#21450;&#26102;&#25552;&#20379;&#24517;&#35201;&#30340;&#37197;&#21512;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.2 The Parties agree that this Subscription shall be in compliance
with relevant laws and regulations and relevant rules of the SEC and NASDAQ, and the Parties shall timely provide necessary cooperation
for the satisfaction of such rules.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#20445;&#35777;&#20854;&#25110;&#20854;&#25351;&#23450;&#30340;&#20851;&#32852;&#26041;&#20316;&#20026;&#26412;&#27425;&#35748;&#36141;&#30340;&#25237;&#36164;&#20027;&#20307;&#65292;&#22312;&#31614;&#32626;&#26412;&#21327;&#35758;&#26102;&#24050;&#30830;&#23450;&#26080;&#38656;&#25110;&#24050;&#21462;&#24471;&#30456;&#20851;&#22791;&#26696;&#65292;&#19981;&#23384;&#22312;&#24433;&#21709;&#26412;&#27425;&#35748;&#36141;&#20132;&#26131;&#36827;&#31243;&#30340;&#31243;&#24207;&#38556;&#30861;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.3 Purchaser warrants that it or its designated affiliate (s), as
the investor of this Subscription, is not required or has already obtained relevant filing and there is no procedural obstacle that may
affect the progress of this Subscription.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20808;&#20915;&#26465;&#20214;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 3 &#9;CONDITIONS PRECEDENT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#27425;&#35748;&#36141;&#21457;&#34892;&#24212;&#20197;&#19979;&#36848;&#20808;&#20915;&#26465;&#20214;&#30340;&#25104;&#23601;&#20026;&#21069;&#25552;&#65306;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3.1 This Subscription shall be subject to the fulfillment of the following
conditions precedent:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">3.1.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#27425;&#35748;&#36141;&#33719;&#24471;&#20080;&#26041;&#25237;&#36164;&#22996;&#21592;&#20250;&#30340;&#25209;&#20934;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">3.1.1 This Subscription has been approved by Purchaser&rsquo;s Investment
Committee.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">3.1.2&nbsp;Glory Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20869;&#37096;&#25209;&#20934;&#12290;&#26681;&#25454;&#30456;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#65292;&#32452;&#32455;&#25991;&#20214;&#21644;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#12289;&#32435;&#26031;&#36798;&#20811;&#30340;&#30456;&#20851;&#35268;&#23450;&#65292;&#26412;&#27425;&#35748;&#36141;&#26377;&#20851;&#20107;&#23452;&#33719;&#24471;&#20102;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#33891;&#20107;&#20250;&#12289;&#32929;&#19996;&#22823;&#20250;&#65288;&#22914;&#28041;&#21450;&#65289;&#30340;&#26377;&#25928;&#25209;&#20934;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">3.1.2 Internal Approval of the Glory Star. In accordance with
relevant laws, regulations, organizational documents, and the relevant provisions of the SEC and NASDAQ, the matters related to this Subscription
have obtained the effective approval of the Glory Star&rsquo;s board of directors and, if applicable, the shareholders of Glory Star.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">3.1.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#27425;&#35748;&#36141;&#26377;&#20851;&#20107;&#23452;&#24050;&#26681;&#25454;&#30456;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#21644;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#12289;&#32435;&#26031;&#36798;&#20811;&#30340;&#30456;&#20851;&#35268;&#23450;&#33719;&#24471;&#20102;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#25209;&#20934;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22791;&#26696;&#65288;&#22914;&#39035;&#65289;&#31561;&#22806;&#37096;&#30417;&#31649;&#37096;&#38376;&#23601;&#26412;&#27425;&#35748;&#36141;&#25152;&#24517;&#39035;&#30340;&#25209;&#20934;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22791;&#26696;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">3.1.3 The matters relating to this Subscription have obtained
approval/finished filing, as required, from/with the SEC and other external regulatory agencies in accordance with relevant laws, regulations,
and the relevant provisions of the SEC and NASDAQ.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt"></P>

<!-- Field: Page; Sequence: 6; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->4<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>4<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25903;&#20184;&#26041;&#24335;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 4 &#9;PAYMENT METHOD</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">4.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#21516;&#24847;&#65292;&#22312;&#26412;&#21327;&#35758;&#31532;</FONT>
3.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#30340;&#20808;&#20915;&#26465;&#20214;&#20840;&#37096;&#33719;&#24471;&#28385;&#36275;&#30340;&#21069;&#25552;&#19979;&#65292;&#20080;&#26041;&#24212;&#25353;&#29031;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30830;&#23450;&#30340;&#20855;&#20307;&#32564;&#27454;&#26085;&#26399;&#23558;&#26412;&#27425;&#35748;&#36141;&#27454;&#36275;&#39069;&#32564;&#20184;&#33267;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#25351;&#23450;&#36134;&#25143;</FONT>(<FONT STYLE="font-family: Times New Roman, Times, Serif">&ldquo;&#20132;&#21106;&#26085;&rdquo;</FONT>)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">4.1 Purchaser agrees that, subject to the satisfaction of all conditions
precedent set forth in Section 3.1 hereof, Purchaser shall make full payment of the Subscription Price to the designated account of the
Glory Star on the payment date determined by the Glory Star (&ldquo;Closing Date&rdquo;).</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>
5 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38472;&#36848;&#21644;&#20445;&#35777;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ARTICLE 5&#9; REPRESENTATIONS AND WARRANTIES</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20110;&#26412;&#21327;&#35758;&#31614;&#32626;&#26085;&#65292;&#26412;&#21327;&#35758;&#21508;&#26041;&#30456;&#20114;&#20570;&#20986;&#22914;&#19979;&#38472;&#36848;&#21644;&#20445;&#35777;&#65306;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5.1 Each of the Parties to this Agreement hereby represents and warrants
to each other that, as of the date of this Agreement:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32452;&#32455;&#21644;&#29366;&#20917;&#12290;&#21327;&#35758;&#21508;&#26041;&#24050;&#26681;&#25454;&#36866;&#29992;&#27861;&#24459;&#21512;&#27861;&#35774;&#31435;&#12289;&#26377;&#25928;&#23384;&#32493;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20855;&#26377;&#23436;&#20840;&#30340;&#27665;&#20107;&#26435;&#21033;&#33021;&#21147;&#21450;&#27665;&#20107;&#34892;&#20026;&#33021;&#21147;&#35746;&#31435;&#26412;&#21327;&#35758;&#65292;&#24182;&#25353;&#26412;&#21327;&#35758;&#34892;&#20351;&#26435;&#21033;&#21450;&#23653;&#34892;&#20041;&#21153;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.1 Organization and Status. Each of the Parties to this
Agreement has been duly organized and validly existing/in full force and effect under applicable laws, and has the civil rights capacity
and the civil capacity to enter into this Agreement and to exercise its rights and perform obligations in accordance herewith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#12290;&#38500;&#26412;&#21327;&#35758;&#21478;&#26377;&#35268;&#23450;&#22806;&#65292;&#21327;&#35758;&#21508;&#26041;&#26377;&#26435;&#21147;&#21644;&#25480;&#26435;&#31614;&#32626;&#21644;&#23653;&#34892;&#26412;&#21327;&#35758;&#24182;&#23436;&#25104;&#26412;&#27425;&#35748;&#36141;&#65292;&#19988;&#21069;&#36848;&#34892;&#20026;&#24050;&#32463;&#33719;&#24471;&#25152;&#26377;&#24517;&#35201;&#30340;&#25480;&#26435;&#65292;&#23545;&#20854;&#26500;&#25104;&#26377;&#25928;&#21644;&#20855;&#26377;&#27861;&#24459;&#32422;&#26463;&#21147;&#30340;&#20041;&#21153;&#24182;&#20855;&#26377;&#24378;&#21046;&#25191;&#34892;&#21147;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.2 Authorization. Except as otherwise provided in this
Agreement, each of the Parties to this Agreement has the power and authority to enter into and perform this Agreement, and to consummate
this Subscription, and such actions have been duly authorized, constitute valid and legally binding obligations of the Parties and are
enforceable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26080;&#20914;&#31361;&#12290;&#21327;&#35758;&#21508;&#26041;&#31614;&#32626;&#21644;&#23653;&#34892;&#26412;&#21327;&#35758;&#19981;&#20250;</FONT>(i)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23548;&#33268;&#36829;&#21453;&#20854;&#32452;&#32455;&#25991;&#20214;&#30340;&#20219;&#20309;&#26465;&#27454;&#65288;&#22914;&#26377;&#65289;&#65307;</FONT>(ii)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23548;&#33268;&#36829;&#21453;&#25110;&#25269;&#35302;&#20854;&#20026;&#19968;&#26041;&#24403;&#20107;&#20154;&#32780;&#31614;&#32626;&#30340;&#20854;&#20182;&#21512;&#21516;&#12289;&#21327;&#35758;&#25110;&#20855;&#26377;&#27861;&#24459;&#32422;&#26463;&#21147;&#30340;&#23433;&#25490;&#30340;&#20219;&#20309;&#26465;&#27454;&#25110;&#35268;&#23450;&#65292;&#25110;&#32773;&#26500;&#25104;&#35813;&#31561;&#21327;&#35758;&#25110;&#23433;&#25490;&#39033;&#19979;&#30340;&#36829;&#32422;&#65307;</FONT>(iii)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23548;&#33268;&#20854;&#36829;&#21453;&#20219;&#20309;&#36866;&#29992;&#27861;&#24459;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.3 No Conflicts. The execution and performance of this
Agreement by each of the Parties to this Agreement will not (i) result in a breach of any of its constitutional documents, if any; (ii)
result in a breach of or be in conflict with any term or provision of any other contract, agreement or legally binding arrangement to
which it is a party or constitute a default under any such agreement or arrangement; or (iii) result in a breach of any applicable Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt"></P>

<!-- Field: Page; Sequence: 7; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->5<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.4&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26080;&#36827;&#19968;&#27493;&#35201;&#27714;&#12290;&#38500;&#26412;&#21327;&#35758;&#21478;&#26377;&#35268;&#23450;&#22806;&#65292;&#20854;&#23436;&#25104;&#26412;&#21327;&#35758;&#25152;&#36848;&#30340;&#20132;&#26131;&#26080;&#38656;&#33719;&#21462;&#26469;&#33258;&#20219;&#20309;&#31532;&#19977;&#26041;&#25110;&#30456;&#20851;&#20027;&#31649;&#37096;&#38376;&#30340;&#21516;&#24847;&#12289;&#25209;&#20934;&#12289;&#25480;&#26435;&#12289;&#21629;&#20196;&#12289;&#30331;&#35760;&#12289;&#22791;&#26696;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.4 No Further Requirements. Except as otherwise required
in this Agreement, the consummation by it of the transactions contemplated hereby shall not be required to obtain/finish any consent,
approval, authorization or order of, registration or filings with any third party or competent authority.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.5&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26080;&#27861;&#24459;&#31243;&#24207;&#12290;&#19981;&#23384;&#22312;&#19979;&#36848;&#24773;&#20917;&#30340;&#37325;&#22823;&#26410;&#20915;&#27861;&#24459;&#32416;&#32439;&#65306;</FONT>(i)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35797;&#22270;&#38480;&#21046;&#25110;&#31105;&#27490;&#20854;&#31614;&#32626;&#21644;&#23653;&#34892;&#26412;&#21327;&#35758;&#24182;&#23436;&#25104;&#26412;&#27425;&#35748;&#36141;&#65292;&#25110;</FONT>(ii)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32463;&#21512;&#29702;&#39044;&#26399;&#21487;&#33021;&#23545;&#20854;&#23653;&#34892;&#26412;&#21327;&#35758;&#39033;&#19979;&#20041;&#21153;&#30340;&#33021;&#21147;&#25110;&#23436;&#25104;&#26412;&#27425;&#35748;&#36141;&#30340;&#33021;&#21147;&#36896;&#25104;&#37325;&#22823;&#19981;&#21033;&#24433;&#21709;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.5 No Legal Proceedings. There are no material unresolved
legal disputes which could (i) attempt to limit or prohibit the execution and performance of this Agreement and completion of this Subscription,
or (ii) reasonably be expected to have a material adverse effect on any Party&rsquo;s ability to perform its obligations under this Agreement
or complete this subscription.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.6&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23613;&#21147;&#37197;&#21512;&#12290;&#21327;&#35758;&#21508;&#26041;&#20445;&#35777;&#23613;&#21147;&#33258;&#34892;&#21450;&#37197;&#21512;&#20854;&#20182;&#26041;&#33719;&#24471;&#23653;&#34892;&#26412;&#21327;&#35758;&#25152;&#38656;&#30340;&#25919;&#24220;&#25110;&#26377;&#20851;&#20027;&#31649;&#37096;&#38376;&#30340;&#23457;&#25209;&#12289;&#26680;&#20934;&#12289;&#22791;&#26696;&#12289;&#30331;&#35760;&#12289;&#21516;&#24847;&#12289;&#35768;&#21487;&#25991;&#20214;&#21450;&#20854;&#20182;&#31532;&#19977;&#26041;&#30340;&#21516;&#24847;&#25991;&#20214;&#65307;&#20197;&#21450;&#20026;&#39034;&#21033;&#23454;&#26045;&#26412;&#27425;&#35748;&#36141;&#26681;&#25454;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#30340;&#35268;&#23450;&#31614;&#32626;&#30456;&#20851;&#20132;&#26131;&#25991;&#20214;&#65288;&#22914;&#38656;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.1.6 Good Faith Cooperation. Each Party warrants that it
shall use its best efforts to obtain, on its own and in cooperation with the other Party, the approvals, consents, permits, registrations,
authorizations, filings and other third-party agreements necessary for the performance of this Agreement from the relevant government
or regulatory authorities, as well as to sign the relevant transaction documents required under the regulations of the SEC for the successful
implementation of this Subscription (if necessary).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#38472;&#36848;&#21644;&#20445;&#35777;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5.2&nbsp;Representations and warranties
of Purchaser</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#20080;&#26041;&#23601;&#25130;&#33267;&#31614;&#23383;&#26085;&#21644;&#20132;&#21106;&#26085;&#29616;&#20917;&#65292;&#23545;&#20844;&#21496;&#20570;&#20986;&#20197;&#19979;&#38472;&#36848;&#21644;&#20445;&#35777;&#65306;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Purchaser hereby represents and warrants to Glory Star, as of the date
hereof and as of the closing date, as follows:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21830;&#19994;&#21644;&#36130;&#21153;&#32463;&#39564;&#12290;&#20080;&#26041;&#23646;&#20110;&#12298;</FONT>1933<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#35777;&#21048;&#27861;&#20462;&#27491;&#26696;&#12299;&#65288;&ldquo;&#35777;&#21048;&#27861;&rdquo;&#65289;&#30340;</FONT>D<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#31532;</FONT>501<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#23450;&#20041;&#19979;&#30340;&#21512;&#26684;&#25237;&#36164;&#32773;&#65292;&#24182;&#20855;&#22791;&#30456;&#24212;&#30340;&#21830;&#19994;&#21644;&#36130;&#21153;&#30693;&#35782;&#21644;&#32463;&#39564;&#26469;&#23457;&#26680;&#27492;&#30446;&#26631;&#32929;&#20221;&#36141;&#20080;&#20132;&#26131;&#30340;&#20869;&#23481;&#21644;&#39118;&#38505;&#12290;&#20080;&#26041;&#30340;&#36130;&#21153;&#29366;&#20917;&#20801;&#35768;&#20854;&#21435;&#25215;&#25285;&#22312;&#19981;&#23450;&#26399;&#38388;&#20869;&#25345;&#26377;&#35813;&#30446;&#26631;&#32929;&#20221;&#21644;&#25439;&#22833;&#20840;&#37096;&#25237;&#36164;&#30340;&#32463;&#27982;&#39118;&#38505;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.1&nbsp;Business and
Financial Experience. Purchaser is an accredited investor within the meaning of Rule 501 of Regulation D promulgated under the Securities
Act of 1933, as amended (&ldquo;Securities Act&rdquo;) and has such knowledge and experience in financial and business matters that Purchaser
is capable of evaluating the merits and risks of Purchaser&rsquo;s purchase of Shares as contemplated by this Agreement. Purchaser&rsquo;s
financial situation is such that it can afford to bear the economic risk of holding the Shares for an indefinite period of time and suffer
complete loss of such Purchaser&rsquo;s investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.2 &nbsp;&#33258;&#26377;&#36134;&#25143;&#36141;&#20080;&#12290;&#20080;&#26041;
a&#65289;&#20197;&#25237;&#36164;&#30446;&#30340;&#32780;&#38750;&#21517;&#20041;&#20154;&#25110;&#20195;&#29702;&#20154;&#30340;&#36523;&#20221;&#36141;&#20080;&#32929;&#31080;&#65292;&#19988;&#26080;&#24847;&#25110;&#39044;&#26399;&#21435;&#36716;&#21806;&#12289;&#27966;&#21457;&#12289;&#20998;&#38144;&#37096;&#20998;&#25110;&#20840;&#37096;&#30446;&#26631;&#32929;&#20221;&#20221;&#39069;&#65292;b)
&#26410;&#19982;&#20219;&#20309;&#20027;&#20307;&#23601;&#20219;&#20309;&#30446;&#26631;&#32929;&#20221;&#36798;&#25104;&#21521;&#35813;&#20027;&#20307;&#25110;&#20219;&#20309;&#31532;&#19977;&#26041;&#20027;&#20307;&#20986;&#21806;&#12289;&#36716;&#35753;&#25110;&#25480;&#20104;&#21442;&#19982;&#26435;&#30340;&#20219;&#20309;&#21512;&#21516;&#12289;&#25215;&#35834;&#12289;&#21327;&#35758;&#25110;&#23433;&#25490;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.2 &nbsp;Purchase for
Own Account. Purchaser (a) is purchasing the Shares for its own account (not as a nominee or agent) for investment purposes only and not
with an intent or view to, or for, resale, distribution, or fractionalization thereof, in whole or in part, (b) has no present arrangement
or intention to sell or distribute the Shares, or to grant participation in the Shares, and (c) does not have any contract, undertaking,
agreement, or arrangement with any person to sell, transfer, or grant participation to such person, or to any third person, with respect
to any of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt"></P>

<!-- Field: Page; Sequence: 8; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->6<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.3 &nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27809;&#26377;&#24191;&#21578;&#25110;&#20844;&#20247;&#28216;&#35828;&#12290;&#20080;&#26041;&#36141;&#20080;&#35813;&#30446;&#26631;&#32929;&#20221;&#19981;&#26159;&#22522;&#20110;&#20219;&#20309;&#25253;&#32440;&#12289;&#26434;&#24535;&#25110;&#31867;&#20284;&#23186;&#20307;&#19978;&#30340;&#24191;&#21578;&#12289;&#25991;&#31456;&#12289;&#36890;&#30693;&#25110;&#20854;&#20182;&#36890;&#35759;&#65292;&#25110;&#22312;&#30005;&#35270;&#25110;&#24191;&#25773;&#20013;&#25773;&#20986;&#12289;&#25110;&#22312;&#20219;&#20309;&#30740;&#35752;&#20250;&#25110;&#20250;&#35758;&#20013;&#21576;&#29616;&#30340;&#20869;&#23481;&#65292;&#25110;&#20219;&#20309;&#20080;&#26041;&#20043;&#21069;&#26410;&#30693;&#30340;&#20154;&#22312;&#35777;&#21048;&#25237;&#36164;&#26041;&#38754;&#30340;&#28216;&#35828;&#12290;&#23601;&#27492;&#30446;&#26631;&#32929;&#20221;&#20986;&#21806;&#36141;&#20080;&#65292;&#20844;&#21496;&#21644;&#20080;&#26041;&#22343;&#27809;&#26377;&#20174;&#20107;&#20219;&#20309;</FONT>
&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24341;&#23548;&#24615;&#38144;&#21806;&#34892;&#20026;&rdquo;&#65288;&#35777;&#21048;&#27861;</FONT>S<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#23450;&#20041;&#65289;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.3 &nbsp;No Advertisement
or General Solicitation. Purchaser is not purchasing the Shares as a result of or subsequent to any advertisement, article, notice or
other communication published in any newspaper, magazine or similar media or broadcast over television or radio, or presented at any seminar
or meeting, or any solicitation of a subscription by a person not previously known to the Purchaser in connection with investments in
securities generally. In connection with the offer and sale of Shares to Purchaser, neither the Company nor Purchaser has engaged in any
&ldquo;directed selling efforts&rdquo; (as defined in Regulation S under the Securities Act).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.4&nbsp; <FONT STYLE="font-family: Times New Roman, Times, Serif">&#38750;&#25215;&#38144;&#21830;&#12290;&#20080;&#26041;&#19981;&#23646;&#20110;&#25215;&#38144;&#21830;&#25110;&#30446;&#26631;&#32929;&#20221;&#20013;&#20171;&#65292;&#19988;&#24182;&#19981;&#26159;&#22312;&#25353;&#26576;&#31181;&#21512;&#21516;&#21327;&#35758;&#26469;&#21442;&#19982;&#20998;&#38144;&#30446;&#26631;&#32929;&#20221;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.4&nbsp; Not an Underwriter.
Purchaser is not an underwriter or dealer in the Shares and it is not participating, pursuant to a contractual agreement, in a distribution
of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.5&nbsp; <FONT STYLE="font-family: Times New Roman, Times, Serif">&#38750;&#32654;&#22269;&#20154;&#12290;&#20080;&#26041;&#38750;</FONT>S<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#23450;&#20041;&#19979;&#30340;</FONT>
&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20154;&rdquo;&#65292;&#19988;&#19981;&#26159;&#20195;&#29702;&#32654;&#22269;&#20154;&#26469;&#36141;&#20080;&#35813;&#30446;&#26631;&#32929;&#20221;&#12290;&#20080;&#26041;&#30830;&#35748;&#22312;&#25910;&#21040;&#20844;&#21496;&#21457;&#20986;&#30340;&#36141;&#20080;&#30446;&#26631;&#32929;&#20221;&#30340;&#35201;&#32422;&#26102;&#65292;&#20854;&#24182;&#27809;&#26377;&#22312;&#32654;&#22269;&#22659;&#20869;&#65292;&#19988;&#20080;&#26041;&#21644;</FONT>Glory
Star <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20043;&#38388;&#23454;&#36136;&#24615;&#30340;&#35848;&#21028;&#21644;&#27807;&#36890;&#27809;&#26377;&#21457;&#29983;&#22312;&#32654;&#22269;&#22659;&#20869;&#12290;&#20080;&#26041;&#21516;&#24847;&#19981;&#20351;&#29992;&#35813;&#30446;&#26631;&#32929;&#20221;&#26469;&#36827;&#34892;&#23545;&#20914;&#20132;&#26131;&#65292;&#38500;&#38750;&#31526;&#21512;&#35777;&#21048;&#27861;&#35268;&#23450;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.5&nbsp; Non-U.S.
Person. Purchaser is not a &ldquo;U.S. Person&rdquo; as defined by Regulation S and is not acquiring the Shares for the account or benefit
of a U.S. Person. Purchaser acknowledges that the it was not in the United States at the time the offer to purchase the Shares was received
from the Company and that all substantive negotiations and communications between Purchaser and Glory Star have occurred outside the United
States. Purchaser agrees not to engage in hedging transactions with regard to the Shares unless in compliance with the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.6 &nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22806;&#22269;&#25237;&#36164;&#20154;&#12290;&#20080;&#26041;&#19981;&#26159;</FONT>
&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32654;&#22269;&#20154;&rdquo;&#65288;&#32654;&#22269;&#31246;&#27861;</FONT>1986<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#27861;&#26696;&#30340;</FONT>7701(a)(30)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#23450;&#20041;&#19979;&#65289;&#65292;&#19988;&#20080;&#26041;&#29616;&#38472;&#36848;&#20854;&#28385;&#36275;&#20102;&#25152;&#22312;&#30340;&#31649;&#36758;&#22320;&#26377;&#20851;&#35813;&#21327;&#35758;&#35268;&#23450;&#19979;&#30340;&#30446;&#26631;&#32929;&#20221;&#20132;&#26131;&#30340;&#30456;&#20851;&#27861;&#24459;&#35201;&#27714;&#65292;&#21253;&#25324;&#65288;</FONT>a<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25152;&#22312;&#31649;&#36758;&#22320;&#30340;&#26377;&#20851;&#32929;&#20221;&#36141;&#20080;&#30340;&#30456;&#20851;&#27861;&#24459;&#35268;&#23450;</FONT>,
(b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20219;&#20309;&#19982;&#35813;&#20132;&#26131;&#30456;&#20851;&#30340;&#22806;&#27719;&#31649;&#21046;&#35268;&#23450;&#65292;</FONT>(c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20219;&#20309;&#24517;&#39035;&#33719;&#24471;&#30340;&#25919;&#24220;&#21644;&#20854;&#20182;&#35768;&#21487;&#65292;&#20197;&#21450;&#65288;</FONT>d<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22914;&#26377;&#65292;&#19982;&#35813;&#32929;&#20221;&#36141;&#20080;&#65292;&#25345;&#26377;&#65292;&#20817;&#25442;&#65292;&#20986;&#21806;&#25110;&#36716;&#31227;&#30456;&#20851;&#30340;&#25910;&#20837;&#31246;&#25110;&#20854;&#20182;&#31246;&#25910;&#24433;&#21709;&#12290;&#20080;&#26041;&#30340;&#32929;&#20221;&#36141;&#20080;&#21644;&#25903;&#20184;&#23545;&#20215;&#32473;&#19982;&#20854;&#23545;&#32929;&#20221;&#30340;&#25152;&#26377;&#26435;&#65292;&#19981;&#20250;&#36829;&#21453;&#20080;&#26041;&#25152;&#22312;&#31649;&#36758;&#22320;&#30340;&#35777;&#21048;&#27861;&#21644;&#20854;&#20182;&#36866;&#29992;&#27861;&#24459;&#27861;&#35268;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.6 &nbsp;Foreign
Investor. Purchaser is not a &ldquo;U.S. Person&rdquo; (as defined by Section 7701(a)(30) of the Internal Revenue Code of 1986, as amended),
and Purchaser hereby represents that it has satisfied itself as to the full observance of the laws of its jurisdiction in connection with
any offer and sale of the Shares or any use of this Agreement, including (a) the legal requirements within its jurisdiction for the purchase
of the Shares, (b) any foreign exchange restrictions applicable to such purchase, (c) any governmental or other consents that may need
to be obtained, and (d) the income tax and other tax consequences, if any, that may be relevant to the purchase, holding, redemption,
sale or transfer of the Shares. Purchaser&rsquo;s purchase and payment for, its beneficial ownership of the Shares, will not violate any
applicable securities or other laws of Purchaser&rsquo;s jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.7 &nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25237;&#36164;&#24847;&#21521;&#65307;&#34013;&#22825;&#27861;&#12290;&#20080;&#26041;&#20026;&#33258;&#24049;&#36134;&#25143;&#36141;&#20080;&#35813;&#30446;&#26631;&#32929;&#20221;&#65292;&#32780;&#38750;&#20195;&#25345;&#25110;&#21463;&#25176;&#20154;&#65292;&#19988;&#19981;&#26159;&#24847;&#21521;&#20110;&#20998;&#38144;&#36716;&#21806;&#12290;&#20080;&#26041;&#20102;&#35299;&#65292;&#22240;&#20854;&#20381;&#36182;&#20110;&#35777;&#21048;&#27861;&#30456;&#20851;&#35268;&#23450;&#19979;&#35905;&#20813;&#27880;&#20876;&#30340;&#35201;&#27714;&#65292;&#35813;&#32929;&#20221;&#30340;&#21457;&#34892;&#27809;&#26377;&#20063;&#19981;&#20250;&#25353;&#35777;&#21048;&#27861;&#35201;&#27714;&#27880;&#20876;&#12290;&#35813;&#35905;&#20813;&#24773;&#24418;&#23558;&#20915;&#23450;&#20110;&#65292;&#21253;&#25324;&#20854;&#20182;&#22240;&#32032;&#65292;&#20080;&#26041;&#30340;&#30495;&#23454;&#21644;&#20934;&#30830;&#30340;&#23621;&#20303;&#22320;&#65292;&#20844;&#21496;&#23558;&#20381;&#36182;&#27492;&#38472;&#36848;&#26469;&#28385;&#36275;&#34013;&#22825;&#27861;&#30340;&#27861;&#35268;&#35201;&#27714;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.7&nbsp; Investment
Intent; Blue Sky. Purchaser is acquiring the Shares for investment for its own account, not as a nominee or agent, and not with a view
to or for resale in connection with any distribution thereof. Purchaser understands that the issuance of the Shares has not been, and
will not be, registered under the Securities Act by reason of a specific exemption from the registration provisions of the Securities
Act, the availability of which depends upon, among other things, the bona fide nature of Purchaser&rsquo;s true and correct state of domicile,
upon which the Company may rely for the purpose of complying with applicable Blue Sky laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt"></P>

<!-- Field: Page; Sequence: 9; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->7<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.8&nbsp;&#36716;&#21806;&#38480;&#21046;&#12290;&#20080;&#26041;&#25110;&#20195;&#29702;&#20080;&#26041;&#30340;&#20219;&#20309;&#20154;&#65292;&#26410;&#26366;&#21442;&#19982;&#25110;&#19981;&#20250;&#21442;&#19982;&#20219;&#20309;&#38024;&#23545;&#32654;&#22269;&#20154;&#25110;&#22312;&#32654;&#22269;&#22659;&#20869;&#30340;&#38024;&#23545;&#35813;&#32929;&#20221;&#36827;&#34892;&#30340;&ldquo;&#24341;&#23548;&#24615;&#38144;&#21806;&#34892;&#20026;&rdquo;&#65288;S&#35268;&#21017;&#23450;&#20041;&#65289;&#65292;&#19988;&#20080;&#26041;&#21450;&#20854;&#20195;&#34920;&#24050;&#32463;&#24182;&#23558;&#20250;&#36981;&#23432;&#35777;&#21048;&#27861;S&#35268;&#21017;&#30340;&#30456;&#20851;&#38480;&#21046;&#24615;&#21457;&#34892;&#35201;&#27714;&#12290;&#22312;&#20174;&#32929;&#20221;&#21457;&#34892;&#26085;&#20854;&#21040;&#35813;&#26085;&#26399;&#19968;&#21608;&#24180;&#30340;&#26399;&#38388;&#20869;&#65292;&#25110;&#32773;S&#35268;&#21017;&#25110;&#20854;&#20182;&#30456;&#24212;&#35777;&#21048;&#27861;&#35268;&#23450;&#20801;&#35768;&#30340;&#26356;&#30701;&#26399;&#38388;&#20869;&#65288;&ldquo;&#38480;&#21046;&#26399;&rdquo;&#65289;&#65292;&#20080;&#26041;&#19981;&#24471;&#36827;&#34892;&#35201;&#32422;&#65292;&#20986;&#21806;&#65292;&#36136;&#25276;&#25110;&#32773;&#36716;&#21806;&#36825;&#20123;&#30446;&#26631;&#32929;&#20221;&#32473;&#32654;&#22269;&#20154;&#65292;&#25110;&#32773;&#22312;&#32654;&#22269;&#26412;&#22303;&#20869;&#36827;&#34892;&#20132;&#26131;&#65292;&#25110;&#32773;&#36827;&#34892;&#20854;&#20182;&#36829;&#21453;S&#35268;&#21017;&#30340;&#34892;&#20026;&#12290;&#20080;&#26041;&#27809;&#26377;&#22312;&#32654;&#22269;&#36827;&#34892;&#65292;&#19988;&#19981;&#20250;&#22312;&#38480;&#21046;&#26399;&#20869;&#23545;&#35813;&#32929;&#20221;&#36827;&#34892;&#20219;&#20309;&#20570;&#31354;&#65292;&#25110;&#23545;&#20914;&#20132;&#26131;&#34892;&#20026;&#65292;&#21253;&#25324;&#20219;&#20309;&#26399;&#26435;&#65292;&#21334;&#26435;&#21450;&#20854;&#20182;&#36873;&#25321;&#26435;&#20132;&#26131;&#65292;&#26399;&#26435;&#21512;&#21516;&#25110;&#32929;&#26435;&#20132;&#25442;&#31561;&#12290;&#20080;&#26041;&#22312;&#38480;&#21046;&#26399;&#32467;&#26463;&#21518;&#30340;&#20986;&#21806;&#35201;&#32422;&#65292;&#36136;&#25276;&#25110;&#32773;&#36716;&#31227;&#35813;&#32929;&#26435;&#24517;&#39035;&#25353;&#29031;S&#35268;&#21017;&#35201;&#27714;&#36827;&#34892;&#20132;&#26131;&#65292;&#25353;&#29031;&#35777;&#21048;&#27861;&#27880;&#20876;&#35201;&#27714;&#25110;&#20854;&#21512;&#35268;&#30340;&#35905;&#20813;&#65292;&#36981;&#23432;&#32852;&#37030;&#25110;&#36866;&#24403;&#30340;&#24030;&#27861;&#65292;&#24182;&#25215;&#35834;&#19981;&#23545;&#27492;&#32929;&#20221;&#36827;&#34892;&#23545;&#20914;&#20132;&#26131;&#65292;&#38500;&#38750;&#31526;&#21512;&#35777;&#21048;&#27861;&#35268;&#23450;&#38500;&#22806;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.8 &nbsp;Transfer
Restrictions. Purchaser or any person acting on the Purchaser&rsquo;s behalf has not engaged, or will not engage, in any &ldquo;directed
selling efforts&rdquo; (as defined under Regulation S) to U.S. Persons or in the U.S. with respect to the Shares and Purchaser and any
person acting on its behalf have complied and will comply with the &ldquo;offering restrictions&rdquo; requirements of Regulation S under
the Securities Act. Purchaser will not, during the period commencing on the date of issuance of the Shares and ending on the first anniversary
of such date, or such shorter period as may be permitted by Regulation S or other applicable securities law (the &ldquo;Restricted Period&rdquo;),
offer, sell, pledge or otherwise transfer the Shares in the U.S., or to a U.S. Person for the account or benefit of a U.S. Person, or
otherwise in a manner that is not in compliance with Regulation S. Purchaser has not in the U.S., engaged in, and prior to the expiration
of the Restricted Period will not engage in, any short selling of or any hedging transaction with respect to the Shares, including without
limitation, any put, call or other option transaction, option writing or equity swap. Purchaser will, after expiration of the Restricted
Period in compliance with Regulation S, offer, sell, pledge or otherwise transfer the Shares only in accordance with the provisions of
Regulation S, pursuant to registration under the Securities Act or an available exemption therefrom and, in accordance with all applicable
state and federal securities laws, and agrees not to engage in hedging transactions with regard to such Shares unless in compliance with
the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.9 &nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38480;&#21046;&#24615;&#32929;&#20221;&#12290;&#20080;&#26041;&#26126;&#30333;&#65292;&#20854;&#36141;&#20080;&#30340;&#32929;&#20221;&#26681;&#25454;&#32852;&#37030;&#35777;&#21048;&#27861;&#35268;&#23450;&#24615;&#36136;&#20026;&ldquo;&#38480;&#21046;&#24615;&#30446;&#26631;&#32929;&#20221;&rdquo;&#65292;&#21363;&#20174;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36141;&#20080;&#35813;&#30446;&#26631;&#32929;&#20221;&#19981;&#28041;&#21450;&#20844;&#24320;&#21457;&#34892;&#30340;&#20132;&#26131;&#65292;&#19988;&#35813;&#30446;&#26631;&#32929;&#20221;&#22312;&#27809;&#26377;&#25353;&#35777;&#21048;&#27861;&#27880;&#20876;&#30340;&#21069;&#25552;&#19979;&#20165;&#33021;&#22312;&#26576;&#31181;&#26377;&#38480;&#30340;&#24773;&#24418;&#25353;&#29031;&#35777;&#21048;&#27861;&#30456;&#24212;&#30340;&#27861;&#35268;&#25165;&#33021;&#36827;&#34892;&#36716;&#21806;&#12290;&#20080;&#26041;&#29087;&#24713;&#30446;&#21069;&#29983;&#25928;&#30340;</FONT>144<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#65292;&#24182;&#26126;&#30333;&#20854;&#20197;&#21450;&#35777;&#21048;&#27861;&#23545;&#36716;&#21806;&#30340;&#30456;&#20851;&#38480;&#21046;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.9 &nbsp;Restricted
Shares. Purchaser understands that the Shares it is purchasing are characterized as &ldquo;restricted securities&rdquo; under the federal
securities laws inasmuch as they are being acquired from Glory Star in a transaction not involving a public offering and that under such
laws and regulations such securities may be resold without registration under the Securities Act only in certain limited circumstances.
Purchaser is familiar with Rule 144, as presently in effect, and understands the resale limitations imposed thereby and by the Securities
Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">(i) &nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38480;&#21046;&#24615;&#26631;&#35760;&#12290;&#20080;&#26041;&#21516;&#24847;&#19981;&#22788;&#32622;&#35813;&#30446;&#26631;&#32929;&#20221;&#65292;&#38500;&#38750;&#25353;&#29031;&#29983;&#25928;&#30340;&#31526;&#21512;&#35777;&#21048;&#27861;&#35268;&#23450;&#30340;&#27880;&#20876;&#25991;&#26412;&#65292;&#25110;&#32773;&#25353;&#29031;&#30456;&#20851;&#32852;&#37030;&#21644;&#24030;&#35777;&#21048;&#27861;&#35268;&#23450;&#30340;&#35905;&#20813;&#26469;&#36827;&#34892;&#20132;&#26131;&#12290;&#20080;&#26041;&#30830;&#35748;&#21644;&#21516;&#24847;&#32929;&#20221;&#20973;&#35777;&#24212;&#21360;&#26377;</FONT>144<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#35201;&#27714;&#26631;&#35760;&#25110;&#20197;&#19979;&#26631;&#35782;&#65292;&#20197;&#21450;&#20854;&#20182;&#32852;&#37030;&#21644;&#24030;&#35777;&#21048;&#27861;&#35201;&#27714;&#30340;&#21360;&#35760;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">(i) &nbsp;Restrictive
Legend. Purchaser covenants not to dispose of any of the Shares other than in conjunction with an effective registration statement under
the Securities Act or pursuant to another exemption from registration and in compliance with the applicable federal and states securities
laws. Purchaser acknowledges and agrees that the certificate representing the Shares shall be endorsed with a Rule 144 legend or the following
legends, as well as any other legend required to be placed thereon by applicable federal or state securities laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35813;&#32929;&#20221;&#20986;&#21806;&#32473;&#38750;&#32654;&#22269;&#20154;&#30340;&#36141;&#20080;&#32773;&#65288;&#25353;</FONT>1933<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#35777;&#21048;&#27861;&#20197;&#21450;&#20854;&#20462;&#25913;&#26696;&#19979;&#30340;</FONT>S<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#65288;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35777;&#21048;&#27861;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#65289;&#65292;&#19988;&#20381;&#25454;&#32654;&#22269;&#35777;&#21048;&#27861;</FONT>S<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#27809;&#26377;&#22312;&#32654;&#22269;&#35777;&#30417;&#20250;&#27880;&#20876;&#12290;</FONT>&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left">&ldquo;THE SHARES ARE BEING OFFERED TO
PURCHASERS WHO ARE NOT U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT OF 1933, AS AMENDED (&ldquo;THE SECURITIES ACT&rdquo;))
AND WITHOUT REGISTRATION WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION UNDER THE SECURITIES ACT IN RELIANCE UPON <FONT STYLE="font-size: 10pt">REGULATION</FONT>
S PROMULGATED UNDER THE SECURITIES ACT.&rdquo;</P>

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35813;&#32929;&#20221;&#30340;&#36716;&#21806;&#26159;&#34987;&#31105;&#27490;&#30340;&#65292;&#38500;&#38750;&#26681;&#25454;</FONT>S<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#30340;&#30456;&#20851;&#35201;&#27714;&#65292;&#25110;&#35777;&#21048;&#27861;&#30340;&#27880;&#20876;&#35201;&#27714;&#65292;&#25110;&#20854;&#20182;&#21512;&#35268;&#30340;&#35905;&#20813;&#35201;&#27714;&#12290;&#27492;&#32929;&#20221;&#19981;&#24471;&#36827;&#34892;&#23545;&#20914;&#20132;&#26131;&#65292;&#38500;&#38750;&#36981;&#23432;&#35777;&#21048;&#27861;&#30340;&#30456;&#20851;&#35268;&#23450;&#36827;&#34892;&#20132;&#26131;&#38500;&#22806;&#12290;</FONT>&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left">&ldquo;TRANSFER OF THESE SHARES IS PROHIBITED,
EXCEPT IN ACCORDANCE WITH THE PROVISIONS OF REGULATION S, PURSUANT TO REGISTRATION UNDER THE SECURITIES ACT, OR PURSUANT TO AVAILABLE
EXEMPTION FROM REGISTRATION. HEDGING TRANSACTIONS MAY NOT BE CONDUCTED UNLESS IN COMPLIANCE WITH THE SECURITIES ACT.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in"></P>

<!-- Field: Page; Sequence: 10; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->8<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in">&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35813;&#32929;&#20221;&#27809;&#26377;&#25353;</FONT>1933<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24180;&#35777;&#21048;&#27861;&#65288;&#21450;&#20462;&#25913;&#26696;&#65292;</FONT>&ldquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#27861;&#26696;</FONT>&rdquo;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#25110;&#32773;&#25353;&#32654;&#22269;&#21508;&#24030;&#35777;&#21048;&#27861;&#36827;&#34892;&#27880;&#20876;&#12290;&#35813;&#32929;&#20221;&#19981;&#24471;&#34987;&#36716;&#21806;&#65292;&#20986;&#21806;&#65292;&#35201;&#32422;&#20986;&#21806;&#65292;&#36136;&#25276;&#25110;&#25269;&#25276;</FONT>
(A)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#27809;&#26377;</FONT>(1)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26681;&#25454;&#35777;&#21048;&#27861;&#26696;&#26469;&#36827;&#34892;&#26377;&#25928;&#30340;&#27880;&#20876;&#65292;&#65288;</FONT>2<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#35777;&#21048;&#27861;&#26696;&#25110;&#20854;&#20182;&#36866;&#29992;&#35777;&#21048;&#27861;&#30340;&#35905;&#20813;&#35201;&#27714;&#65292;&#25110;&#65288;</FONT>3<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#32473;&#20844;&#21496;&#25552;&#20379;&#21512;&#29702;&#28385;&#36275;&#30340;&#27861;&#24459;&#24847;&#35265;&#26469;&#35828;&#26126;&#19981;&#38656;&#35201;&#27880;&#20876;&#65307;&#20197;&#21450;&#65288;</FONT>B<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65289;&#22312;&#36141;&#20080;&#20132;&#21106;&#21518;&#30340;</FONT>40<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22825;&#20869;&#65292;&#22312;&#32654;&#22269;&#22659;&#20869;&#20986;&#21806;&#25110;&#32773;&#20986;&#21806;&#32473;&#32654;&#22269;&#20154;&#65292;&#26681;&#25454;&#35777;&#21048;&#27861;&#26696;&#30340;</FONT>S<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#23450;&#20041;&#12290;&#20219;&#20309;&#36829;&#21453;&#36825;&#20123;&#38480;&#21046;&#35201;&#27714;&#30340;&#35797;&#22270;&#36716;&#21806;&#65292;&#20986;&#21806;&#65292;&#36136;&#25276;&#25110;&#25269;&#25276;&#35813;&#32929;&#20221;&#30340;&#34892;&#20026;&#22343;&#20026;&#26080;&#25928;&#30340;&#12290;</FONT>&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: left">&ldquo;THIS SECURITY HAS NOT BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933 (AS AMENDED, THE &ldquo;ACT&rdquo;) OR UNDER THE SECURITIES LAWS OF ANY STATE. THIS SECURITY MAY NOT
BE TRANSFERRED, SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED: (A) IN THE ABSENCE OF (1) AN EFFECTIVE REGISTRATION STATEMENT UNDER THE
ACT, (2) AN EXEMPTION OR QUALIFICATION UNDER THE ACT AND OTHER APPLICABLE SECURITIES LAWS OR (3) DELIVERY TO THE COMPANY OF AN OPINION
OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED; AND (B) WITHIN THE UNITED STATES OR TO ANY U.S.
PERSON, AS EACH OF THOSE TERMS IS DEFINED IN REGULATION S UNDER THE ACT, DURING THE 40 DAYS FOLLOWING CLOSING OF THE PURCHASE. ANY ATTEMPT
TO TRANSFER, SELL, PLEDGE OR HYPOTHECATE THIS SECURITY IN VIOLATION OF THESE RESTRICTIONS SHALL BE VOID.&rdquo;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&#20080;&#26041;&#21516;&#24847;&#20844;&#21496;&#23545;&#27492;&#35760;&#24405;&#20570;&#26631;&#35782;&#65292;&#25110;&#32473;&#19982;&#35777;&#21048;&#20132;&#26131;&#25805;&#20316;&#20013;&#20171;&#25351;&#20196;&#26469;&#25191;&#34892;&#23545;&#30446;&#26631;&#32929;&#20221;&#30340;&#38480;&#21046;&#24615;&#12290;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">Purchaser consents to the Company making a notation on its
records or giving instructions to any transfer agent of the Company in order to implement the restrictions on transfer of the Shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 31.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.10&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22659;&#22806;&#20132;&#26131;&#12290;&#20080;&#26041;&#24050;&#34987;&#21578;&#30693;&#24182;&#30830;&#35748;&#65292;&#20844;&#21496;&#20381;&#36182;&#35777;&#21048;&#27861;&#39041;&#24067;&#30340;</FONT>S<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#20197;&#21450;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#35777;&#21048;&#27861;&#31532;</FONT>4(a)(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25552;&#20379;&#30340;&#30340;&#27880;&#20876;&#35905;&#20813;&#26469;&#36827;&#34892;&#35813;&#30446;&#26631;&#32929;&#20221;&#30340;&#20986;&#21806;&#12290;&#20080;&#26041;&#36141;&#20080;&#35813;&#32929;&#20221;&#23646;&#22659;&#22806;&#20132;&#26131;&#20381;&#36182;&#35777;&#21048;&#27861;&#39041;&#24067;&#30340;</FONT>S<FONT STYLE="font-family: Times New Roman, Times, Serif">&#35268;&#21017;&#20197;&#21450;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#35777;&#21048;&#27861;&#31532;</FONT>4(a)(2)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25552;&#20379;&#30340;&#30340;&#27880;&#20876;&#35905;&#20813;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.10 &nbsp;Offshore
Transaction. Purchaser has been advised and acknowledges that in issuing Shares to it pursuant hereto, the Company is relying upon the
exemption from registration provided by Regulation S and/or Section 4(a)(2) promulgated under the Securities Act. Purchaser is acquiring
its Shares in an offshore transaction in reliance upon the exemption from registration provided by Regulation S and/or Section 4(a)(2)
promulgated under the Securities Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.11&nbsp; <FONT STYLE="font-family: Times New Roman, Times, Serif">&#29420;&#31435;&#23457;&#26680;&#12290;&#20080;&#26041;&#22312;&#20915;&#23450;&#36141;&#20080;&#35813;&#30446;&#26631;&#32929;&#20221;&#26102;&#65292;</FONT>a)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24050;&#32463;&#33719;&#24471;&#65292;&#23457;&#38405;&#65292;&#24182;&#29702;&#35299;&#35813;&#21327;&#35758;&#20869;&#23481;</FONT>;
b)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#20132;&#26131;&#21069;&#24050;&#34987;&#25552;&#20379;&#20844;&#21496;&#20449;&#24687;&#65292;&#24182;&#19988;&#26377;&#26426;&#20250;&#35810;&#38382;&#26377;&#20851;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#65292;&#19994;&#21153;&#35745;&#21010;&#65292;&#31649;&#29702;&#23618;&#21644;&#36130;&#21153;&#29366;&#20917;&#21450;&#26377;&#20851;&#35813;&#32929;&#20221;&#20132;&#26131;&#30340;&#26465;&#20214;&#30456;&#20851;&#38382;&#39064;&#65292;&#24471;&#21040;&#20844;&#21496;&#25110;&#20219;&#20309;&#20195;&#34920;&#20844;&#21496;&#30340;&#20010;&#20154;&#30340;&#31572;&#22797;&#65292;&#19988;&#20080;&#26041;&#24050;&#24471;&#21040;&#23436;&#25972;&#28385;&#24847;&#30340;&#22238;&#22797;&#65307;</FONT>c)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20165;&#20381;&#36182;&#27492;&#21327;&#35758;&#25552;&#20379;&#30340;&#20449;&#24687;&#25110;&#36890;&#36807;&#33258;&#34892;&#35843;&#26597;&#24471;&#21040;&#30340;&#20449;&#24687;&#65307;</FONT>d)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#29702;&#35299;&#24459;&#24072;&#65292;&#20250;&#35745;&#24072;&#25110;&#20854;&#20182;&#32856;&#35831;&#26469;&#20195;&#34920;&#20844;&#21496;&#25552;&#20379;&#26381;&#21153;&#30340;&#19987;&#19994;&#20154;&#22763;&#24182;<B>&#19981;&#26159;</B>&#34987;&#32856;&#35831;&#26469;&#20195;&#34920;&#20080;&#26041;&#30340;&#21033;&#30410;&#65292;&#24182;&#38472;&#36848;&#30830;&#35748;&#20854;&#24050;&#32463;&#23601;&#27492;&#32929;&#20221;&#20132;&#26131;&#36827;&#34892;&#21672;&#35810;&#24182;&#20381;&#36182;&#20854;&#33258;&#24049;&#30340;&#24459;&#24072;&#25110;&#39038;&#38382;&#26469;&#20570;&#20986;&#29420;&#31435;&#30340;&#27861;&#24459;&#65292;&#20250;&#35745;&#65292;&#36130;&#21153;&#21644;&#31246;&#25910;&#24847;&#35265;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#26377;&#20851;&#32929;&#20221;&#30340;&#36716;&#21806;&#24615;&#65292;&#31246;&#25910;&#20197;&#21450;&#35813;&#25237;&#36164;&#30340;&#24433;&#21709;&#65292;&#20197;&#21450;&#20080;&#26041;&#36827;&#34892;&#35813;&#25237;&#36164;&#30340;&#36866;&#24403;&#24615;&#65307;</FONT>e)<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30830;&#35748;&#65292;&#20844;&#21496;&#30340;&#36134;&#26412;&#24050;&#32463;&#22312;&#21512;&#29702;&#36890;&#30693;&#21069;&#25552;&#19979;&#22312;&#20844;&#21496;&#20027;&#35201;&#36816;&#33829;&#22320;&#21644;&#24037;&#20316;&#26102;&#38388;&#34987;&#25552;&#20379;&#20104;&#20197;&#23457;&#26597;&#65292;&#19988;&#20844;&#21496;&#30340;&#31649;&#29702;&#23618;&#23545;&#35813;&#20132;&#26131;&#30340;&#30456;&#20851;&#38382;&#39064;&#25552;&#20379;&#22238;&#22797;</FONT>;
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19988;</FONT>f) <FONT STYLE="font-family: Times New Roman, Times, Serif">&#30830;&#35748;&#35813;&#32929;&#20221;&#30340;&#36141;&#20080;&#28041;&#21450;&#39640;&#39118;&#38505;&#65292;&#24182;&#36827;&#19968;&#27493;&#30830;&#35748;&#20854;&#33021;&#22815;&#25215;&#25285;&#36141;&#20080;&#32929;&#20221;&#30340;&#32463;&#27982;&#39118;&#38505;&#65292;&#21253;&#25324;&#25215;&#25285;&#20854;&#25237;&#36164;&#30340;&#20840;&#37096;&#25439;&#22833;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.11&nbsp; Independent
Review. Purchaser in making the decision to purchase the Shares subscribed for: (a) has received, read and is familiar with this Agreement;
(b) has, prior to any sale, been given access and the opportunity to ask any and all questions it had, and to receive answers from the
Company or any person acting on its behalf concerning the Glory Star, its business plan, management and current financial condition, and/or
the terms and conditions of the offer and sale of the Shares, and Purchaser has received complete and satisfactory answers to any such
inquiries; (c) has relied solely upon the information contained within this Agreement or upon information obtained in its own investigation;
(d) understands that the attorneys, accountants or other professionals who have been employed to perform services on Glory Star&rsquo;s
behalf have NOT been employed to represent the interests of Purchaser, and represents that it has consulted with and is relying on its
own counsel or advisors for independent legal, accounting, financial and tax advice concerning this investment in Glory Star, including
but not limited to advice as to the legality of any resale of the Shares, tax or other consequences of such investment in Glory Star,
and the suitability of the investment for Purchaser; (e) acknowledges that the books and records of Glory Star have been available for
inspection upon reasonable notice and during reasonable business hours at Glory Star&rsquo;s principal place of business and that the
appropriate officers of Glory Star have been available to answer any questions concerning this investment; and (f) acknowledges that the
purchase of the Shares involves a high degree of risk and further acknowledges that it can bear the economic risk of the purchase of the
Shares, including the total loss of its investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.12&nbsp; <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20013;&#20171;&#25110;&#20013;&#38388;&#20154;&#12290;&#20080;&#26041;&#30446;&#21069;&#21644;&#23558;&#26469;&#22343;&#19981;&#20250;&#22240;&#20854;&#37319;&#21462;&#30340;&#20219;&#20309;&#34892;&#21160;&#32780;&#30452;&#25509;&#25110;&#38388;&#25509;&#22320;&#21457;&#29983;&#19982;&#26412;&#21327;&#35758;&#25110;&#26412;&#21327;&#35758;&#25311;&#35758;&#20132;&#26131;&#30456;&#20851;&#30340;&#32463;&#32426;&#36153;&#12289;&#20013;&#20171;&#36153;&#25110;&#20195;&#29702;&#36153;&#25110;&#20219;&#20309;&#31867;&#20284;&#25910;&#36153;&#30340;&#20219;&#20309;&#36127;&#20538;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">5.2.12&nbsp; Brokers or
Finders. Purchaser has not and will not incur, directly or indirectly, as a result of any action taken by it, any liability for brokerage
or finders&rsquo; fees or agents&rsquo; commissions or any similar charges in connection with this Agreement or the transactions contemplated
hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt"></P>

<!-- Field: Page; Sequence: 11; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->9<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 27pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36829;&#32422;&#36131;&#20219;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 6 &#9;DEFAULT</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#19981;&#21487;&#25239;&#21147;&#22240;&#32032;&#22806;&#65292;&#26412;&#21327;&#35758;&#20219;&#20309;&#19968;&#26041;&#26410;&#23653;&#34892;&#25110;&#26410;&#36866;&#24403;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#25215;&#25285;&#30340;&#20219;&#20309;&#20041;&#21153;&#65292;&#25110;&#36829;&#21453;&#20854;&#22312;&#21327;&#35758;&#39033;&#19979;&#20316;&#20986;&#30340;&#20219;&#20309;&#38472;&#36848;&#21644;</FONT>/<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25110;&#20445;&#35777;&#65292;&#22343;&#35270;&#20026;&#36829;&#32422;&#65292;&#35813;&#26041;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;&#36829;&#32422;&#26041;&rdquo;&#65289;&#24212;&#22312;&#26410;&#36829;&#21453;&#26412;&#21327;&#35758;&#19968;&#26041;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;&#23432;&#32422;&#26041;&rdquo;&#65289;&#21521;&#20854;&#36865;&#36798;&#35201;&#27714;&#32416;&#27491;&#30340;&#36890;&#30693;&#20043;&#26085;&#36215;</FONT>
30 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20869;&#65288;&#20197;&#19979;&#31616;&#31216;&ldquo;&#32416;&#27491;&#26399;&#38480;&rdquo;&#65289;&#32416;&#27491;&#20854;&#36829;&#32422;&#34892;&#20026;&#65307;&#22914;&#32416;&#27491;&#26399;&#38480;&#23626;&#28385;&#21518;&#65292;&#36829;&#32422;&#26041;&#20173;&#26410;&#32416;&#27491;&#20854;&#36829;&#32422;&#34892;&#20026;&#65292;&#21017;&#23432;&#32422;&#26041;&#26377;&#26435;&#35201;&#27714;&#36829;&#32422;&#26041;&#25215;&#25285;&#36829;&#32422;&#36131;&#20219;&#65292;&#24182;&#36180;&#20607;&#30001;&#27492;&#32473;&#23432;&#32422;&#26041;&#36896;&#25104;&#30340;&#20840;&#37096;&#25439;&#22833;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.1 Except for the cause of Force Majeure, the failure or inadequate
performance by either Party under this Agreement, or the breach of any representation and/or warranty made by such party under this agreement,
shall be deemed a default, except for circumstances beyond their control. The Party in default (hereinafter referred to as the &ldquo;Defaulting
Party&rdquo;) shall correct its default within 30 days (hereinafter referred to as the &ldquo;Cure Period&rdquo;) from the date the other
Party (hereinafter referred to as the &ldquo;Non-defaulting Party&rdquo;) delivers a notice requesting correction of the default, unless
otherwise provided in this Agreement. If the Defaulting Party fails to correct its default within the Cure Period, the Non-defaulting
Party shall be entitled to demand the Defaulting Party to assume its liability for the default and to compensate for all the losses incurred
as a result.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#29983;&#25928;&#21518;&#65292;&#20080;&#26041;&#36829;&#21453;&#26412;&#21327;&#35758;&#30340;&#32422;&#23450;&#36831;&#24310;&#25903;&#20184;&#35748;&#36141;&#27454;&#65292;&#27599;&#24310;&#36831;&#19968;&#26085;&#24212;&#21521;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25903;&#20184;&#26412;&#27425;&#35748;&#36141;&#27454;</FONT> 0.05%<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#28382;&#32435;&#37329;&#65292;&#19988;&#20080;&#26041;&#24212;&#36127;&#36131;&#36180;&#20607;&#20854;&#36831;&#24310;&#25903;&#20184;&#34892;&#20026;&#32473;&#26412;&#21327;&#35758;</FONT>
Glory Star <FONT STYLE="font-family: Times New Roman, Times, Serif">&#36896;&#25104;&#30340;&#19968;&#20999;&#30452;&#25509;&#32463;&#27982;&#25439;&#22833;&#65292;&#24182;&#32487;&#32493;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20184;&#27454;&#20041;&#21153;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.2 After this Agreement comes into effect, if Purchaser delays the
payment of the Subscription Price, which is in breach of this Agreement, it will be required to pay a late fee of 0.05% of the subscription
amount for each day of delay. In addition, Purchaser will be responsible for compensating Glory Star for any direct economic losses caused
by the delayed payment and must continue to fulfill the payment obligations under this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20026;&#36991;&#20813;&#30097;&#20041;&#65292;&#26412;&#21327;&#35758;&#31614;&#32626;&#21518;&#65292;&#22240;&#26412;&#21327;&#35758;&#31532;</FONT>
3.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#21327;&#35758;&#29983;&#25928;&#30340;&#20808;&#20915;&#26465;&#20214;&#26410;&#25104;&#23601;&#32780;&#23548;&#33268;&#26412;&#21327;&#35758;&#26410;&#29983;&#25928;&#65292;&#19981;&#24212;&#35270;&#20026;&#30456;&#20851;&#26041;&#36829;&#21453;&#26412;&#21327;&#35758;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.3 For the avoidance of doubt, after the execution of this Agreement,
if this Agreement fails to become effective due to the dissatisfaction of the conditions precedent to the effectiveness of this Agreement
as set forth in Article 3.1, the relevant Party shall not be deemed to have breached this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.4 &nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20080;&#26041;&#21516;&#24847;&#36180;&#20607;&#24182;&#20445;&#25252;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21450;</FONT>Glory Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#25511;&#21046;&#20154;&#65288;&#25353;&#35777;&#21048;&#27861;&#30340;</FONT>15<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#65289;&#65292;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30340;&#39640;&#31649;&#12289;&#32463;&#29702;&#12289;&#25104;&#21592;&#12289;&#33891;&#20107;&#12289;&#20195;&#29702;&#20154;&#21644;&#20851;&#32852;&#26041;&#20813;&#21463;&#30001;&#20110;&#20080;&#26041;&#22312;&#26412;&#21327;&#35758;&#20013;&#30340;&#20219;&#20309;&#34394;&#20551;&#38472;&#36848;&#25110;&#36829;&#21453;&#20219;&#20309;&#20445;&#35777;&#65292;&#25110;&#22312;&#19982;&#20854;&#22312;</FONT>Glory
Star<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25237;&#36164;&#30456;&#20851;&#30340;&#20219;&#20309;&#25991;&#20214;&#20013;&#21521;&#20844;&#21496;&#25552;&#20379;&#30340;&#20449;&#24687;&#32780;&#24341;&#36215;&#30340;&#20219;&#20309;&#25439;&#23475;&#12289;&#25439;&#22833;&#12289;&#36153;&#29992;&#21644;&#25903;&#20986;&#30340;&#36131;&#20219;&#65292;&#21253;&#25324;&#21512;&#29702;&#30340;&#24459;&#24072;&#36153;&#29992;&#21644;&#35843;&#26597;&#25110;&#31609;&#22791;&#20219;&#20309;&#24050;&#24320;&#22987;&#25110;&#21487;&#33021;&#38754;&#20020;&#30340;&#35785;&#35772;&#25110;&#20219;&#20309;&#32034;&#36180;&#25152;&#38656;&#30340;&#36153;&#29992;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.4 &nbsp;Purchaser agrees to indemnify
and hold Glory Star and any person, if any, who controls the Company, within the meaning of Section 15 of the Securities Act, and Glory
Star&rsquo;s officers, managers, members, directors, agents, attorneys, and affiliates harmless from and against all damages, losses,
costs and expenses, including reasonable attorneys&rsquo; fees and expenses reasonably incurred in the investigation or preparation in
defense of any litigation commenced or threatened or any claim whatsoever, which they may incur by reason of any misrepresentation or
breach of any warranty made by Purchaser herein, or in any document provided by Purchaser to the Company in connection with Purchaser&rsquo;s
investment in Glory Star.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.5&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#31532;</FONT>6<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#22312;&#26412;&#21327;&#35758;&#35299;&#38500;&#25110;&#32456;&#27490;&#21518;&#25345;&#32493;&#26377;&#25928;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.5 This Article 6 shall survive rescission or termination of this
Agreement.</P>

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

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

<!-- Field: Page; Sequence: 12; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->10<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>7<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20445;&#23494;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 7 &#9;CONFIDENTIALITY</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">7.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#30456;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#25110;&#35268;&#33539;&#24615;&#25991;&#20214;&#21478;&#26377;&#35268;&#23450;&#65292;&#25110;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#12289;&#32435;&#26031;&#36798;&#20811;&#25552;&#20986;&#20219;&#20309;&#35201;&#27714;&#22806;&#65292;&#26412;&#21327;&#35758;&#20219;&#20309;&#19968;&#26041;&#22343;&#24212;&#24403;&#65292;&#24182;&#24212;&#24403;&#20419;&#20351;&#20854;&#20195;&#29702;&#20154;&#12289;&#21592;&#24037;&#21644;&#39038;&#38382;&#65292;&#23545;&#21478;&#19968;&#26041;&#30340;&#20445;&#23494;&#20449;&#24687;&#20104;&#20197;&#20005;&#26684;&#20445;&#23494;&#65292;&#26410;&#32463;&#23545;&#26041;&#20070;&#38754;&#21516;&#24847;&#65292;&#20219;&#20309;&#19968;&#26041;&#22343;&#19981;&#24471;&#23558;&#19978;&#36848;&#20445;&#23494;&#20449;&#24687;&#20104;&#20197;&#25259;&#38706;&#65288;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#36890;&#36807;&#25509;&#21463;&#37319;&#35775;&#12289;&#22238;&#31572;&#38382;&#39064;&#25110;&#25509;&#21463;&#35843;&#26597;&#12289;&#20030;&#34892;&#26032;&#38395;&#21457;&#24067;&#25110;&#32773;&#20854;&#20182;&#26041;&#24335;&#65289;&#12290;&#22312;&#26412;&#21327;&#35758;&#20013;&#65292;&ldquo;&#20445;&#23494;&#20449;&#24687;&rdquo;&#26159;&#25351;&#26412;&#21327;&#35758;&#30340;&#23384;&#22312;&#21450;&#20854;&#20869;&#23481;&#65292;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20132;&#26131;&#12289;&#23433;&#25490;&#25110;&#20219;&#20309;&#20854;&#20182;&#38468;&#23646;&#20107;&#39033;&#21450;&#26412;&#27425;&#35748;&#36141;&#25152;&#28041;&#21450;&#30340;&#25152;&#26377;&#36164;&#26009;&#12290;&#20445;&#23494;&#20449;&#24687;&#19981;&#21253;&#25324;</FONT>(i)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#25259;&#38706;&#26041;&#20316;&#20986;&#25259;&#38706;&#30340;&#26102;&#20505;&#24050;&#32463;&#34987;&#25509;&#21463;&#26041;&#25152;&#25484;&#25569;&#30340;&#20449;&#24687;&#65307;</FONT>(ii)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#24182;&#38750;&#30001;&#20110;&#25509;&#21463;&#26041;&#30340;&#19981;&#24403;&#34892;&#20026;&#32780;&#20247;&#25152;&#21608;&#30693;&#30340;&#20449;&#24687;&#65307;</FONT>(iii)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#30001;&#25509;&#21463;&#26041;&#36890;&#36807;&#31532;&#19977;&#26041;&#27491;&#24403;&#33719;&#21462;&#30340;&#20449;&#24687;&#65307;</FONT>(iv)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20219;&#20309;&#26681;&#25454;&#27861;&#24459;&#12289;&#27861;&#35268;&#12289;&#35268;&#33539;&#24615;&#25991;&#20214;&#25110;&#32654;&#22269;&#35777;&#21048;&#20132;&#26131;&#22996;&#21592;&#20250;&#12289;&#32435;&#26031;&#36798;&#20811;&#30340;&#35268;&#23450;&#32780;&#34987;&#35201;&#27714;&#25259;&#38706;&#30340;&#20449;&#24687;&#65307;&#25110;</FONT>(v)
<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21521;&#25259;&#38706;&#26041;&#30340;&#19987;&#19994;&#39038;&#38382;&#25259;&#38706;&#65292;&#20294;&#35813;&#31561;&#19987;&#19994;&#39038;&#38382;&#23601;&#25259;&#38706;&#32473;&#20854;&#30340;&#20219;&#20309;&#20449;&#24687;&#23545;&#25259;&#38706;&#26041;&#36127;&#26377;&#20445;&#23494;&#20041;&#21153;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">7.1 Except as otherwise provided under Applicable Laws, regulations
or regulatory documents, or unless otherwise provided by the SEC or NASDAQ, each Party shall, and shall cause its agents and employees
and consultants to maintain in strict confidence of the other Party&rsquo;s Confidential Information. Without obtaining the other Party&rsquo;s prior
written consent in writing: neither Party shall disclose such Confidential Information to the other Party (including, without limitation,
by accepting interviews, answering questions or surveys, news releases or otherwise). For the purposes of this Agreement: &ldquo;Confidential
Information &ldquo;means the existence of this Agreement and its contents, the transactions, arrangements or other ancillary matters contemplated
by this Agreement, and all information relating to this Subscription. The Confidential Information shall not include information which
(i) was already in the possession of the Receiving Party at the time of such disclosure by the Disclosing Party, (ii) general public knowledge,
otherwise than as a result of improper conduct by the Receiving Party; (iii) properly obtained by the Receiving Party through a third
party; (iv) is required to be disclosed under provisions of law, regulation, regulatory document or rules of the SEC or NASDAQ; or (v)
is disclosed to professional advisors of the Disclosing Party, provided that such advisors are under a duty of confidence, bound to the
Disclosing Party, regarding any information disclosed to them.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">7.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#20445;&#23494;&#26465;&#27454;&#22312;&#26412;&#21327;&#35758;&#35299;&#38500;&#25110;&#32456;&#27490;&#21518;&#20173;&#28982;&#26377;&#25928;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">7.2 This Confidentiality Section shall survive rescission or termination
of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>
8 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36866;&#29992;&#27861;&#24459;&#21450;&#20105;&#35758;&#35299;&#20915;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 8 &#9;GOVERNING LAW AND DISPUTE RESOLUTION</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30340;&#35746;&#31435;&#12289;&#23653;&#34892;&#12289;&#35299;&#37322;&#21450;&#19982;&#26412;&#21327;&#35758;&#30456;&#20851;&#30340;&#19968;&#20999;&#20107;&#23452;&#36866;&#29992;&#20013;&#22269;&#27861;&#24459;&#12290;&#22914;&#26524;&#20219;&#20309;&#19968;&#26041;&#30340;&#26435;&#30410;&#22240;&#26032;&#39041;&#24067;&#30340;&#27861;&#24459;&#12289;&#27861;&#35268;&#21463;&#21040;&#20005;&#37325;&#19981;&#21033;&#24433;&#21709;&#65292;&#21508;&#26041;&#24212;&#21327;&#21830;&#20570;&#20986;&#24517;&#35201;&#30340;&#35843;&#25972;&#65292;&#20197;&#32500;&#25252;&#21508;&#26041;&#30340;&#21033;&#30410;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8.1 The execution, performance and interpretation of this Agreement
and all matters related hereto shall be governed by the laws of the People&rsquo;s Republic of China. If the rights and interests of any Party
are adversely and materially affected due to new laws and regulations, the Parties shall negotiate to make necessary adjustments in order
to protect the rights and interests of each Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#39033;&#19979;&#21457;&#29983;&#30340;&#20219;&#20309;&#32416;&#32439;&#65292;&#21508;&#26041;&#24212;&#39318;&#20808;&#36890;&#36807;&#21451;&#22909;&#21327;&#21830;&#26041;&#24335;&#35299;&#20915;&#12290;&#21327;&#21830;&#19981;&#25104;&#30340;&#65292;&#20219;&#20309;&#19968;&#26041;&#22343;&#21487;&#23558;&#35813;&#20105;&#35758;&#25552;&#20132;&#20013;&#22269;&#22269;&#38469;&#32463;&#27982;&#36152;&#26131;&#20210;&#35009;&#22996;&#21592;&#20250;&#65292;&#25353;&#29031;&#30003;&#35831;&#20210;&#35009;&#26102;&#35813;&#20250;&#29616;&#34892;&#26377;&#25928;&#30340;&#20210;&#35009;&#35268;&#21017;&#36827;&#34892;&#20210;&#35009;&#12290;&#20210;&#35009;&#22320;&#28857;&#20026;&#21271;&#20140;&#12290;&#20210;&#35009;&#20197;&#20013;&#25991;&#36827;&#34892;&#12290;&#20210;&#35009;&#35009;&#20915;&#26159;&#32456;&#23616;&#30340;&#65292;&#23545;&#21508;&#26041;&#22343;&#26377;&#32422;&#26463;&#21147;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8.2 Any dispute arising from or in connection with this Agreement shall
be first resolved by the Parties through friendly negotiation. Should such negotiation fail, any Party may refer such dispute to the China
International Economic and Trade Arbitration Commission for arbitration in accordance with its arbitration rules then in effect. The arbitration
shall be conducted in Beijing. The arbitration proceedings shall be conducted in Chinese. The arbitration award shall be final and binding
on all Parties.</P>

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

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

<!-- Field: Page; Sequence: 13; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->11<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#38500;&#38750;&#20105;&#35758;&#20107;&#39033;&#28041;&#21450;&#26681;&#26412;&#24615;&#36829;&#32422;&#65292;&#22312;&#20105;&#35758;&#35299;&#20915;&#26399;&#38388;&#65292;&#21508;&#26041;&#24212;&#32487;&#32493;&#23653;&#34892;&#26412;&#21327;&#35758;&#20854;&#20182;&#26465;&#27454;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8.3 Unless the matter in dispute involves a fundamental breach, during
the period of dispute resolution, the Parties shall continue to perform other terms of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>9<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19981;&#21487;&#25239;&#21147;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 9 &#9;FORCE MAJEURE</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#19981;&#21487;&#25239;&#21147;&#26159;&#25351;&#21508;&#26041;&#25110;&#32773;&#19968;&#26041;&#19981;&#21487;&#39044;&#35265;&#65292;&#25110;&#21363;&#20351;&#21487;&#39044;&#35265;&#20063;&#19981;&#21487;&#36991;&#20813;&#24182;&#19981;&#21487;&#20811;&#26381;&#30340;&#23458;&#35266;&#20107;&#20214;&#65292;&#21253;&#25324;&#20294;&#19981;&#38480;&#20110;&#25112;&#20105;&#12289;&#22320;&#38663;&#12289;&#27946;&#27700;&#12289;&#28779;&#28798;&#12289;&#25112;&#20105;&#12289;&#32610;&#24037;&#31561;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.1 &ldquo;Force Majeure&rdquo; means any objective event which is unforeseeable,
or unavoidable and insurmountable even if foreseeable, including but not limited to wars, earthquakes, floods, fires, wars and strikes.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#19968;&#26041;&#22240;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#32780;&#19981;&#33021;&#23653;&#34892;&#20854;&#20219;&#20309;&#20041;&#21153;&#65292;&#22240;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#32780;&#19981;&#33021;&#23653;&#34892;&#30340;&#26412;&#21327;&#35758;&#39033;&#19979;&#20041;&#21153;&#30340;&#23653;&#34892;&#26102;&#38388;&#24212;&#20104;&#24310;&#38271;&#65292;&#24310;&#38271;&#30340;&#26102;&#38388;&#31561;&#20110;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#25152;&#23548;&#33268;&#30340;&#24310;&#35823;&#26102;&#38388;&#12290;&#22768;&#31216;&#36973;&#36935;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#32780;&#19981;&#33021;&#23653;&#34892;&#20041;&#21153;&#30340;&#19968;&#26041;&#24212;&#37319;&#21462;&#36866;&#24403;&#25514;&#26045;&#20943;&#23569;&#25110;&#28040;&#38500;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#30340;&#24433;&#21709;&#65292;&#24182;&#24212;&#23613;&#21512;&#29702;&#21162;&#21147;&#23613;&#24555;&#24674;&#22797;&#23653;&#34892;&#21463;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#24433;&#21709;&#30340;&#20041;&#21153;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.2 If a Party is unable to perform any of its obligations because
of an event of Force Majeure, the time for performance of the obligations under this Agreement of such prevention shall be extended by
a period equal to the delay caused by the event of Force Majeure. The Party claiming inability to perform its obligations due to an event
of Force Majeure shall take appropriate means to minimize or remove the effects of the event of Force Majeure, and shall use reasonable
efforts to resume performance of the obligation affected by the event of Force Majeure as soon as possible.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21463;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#24433;&#21709;&#30340;&#19968;&#26041;&#24212;&#22312;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#21457;&#29983;&#21518;&#30340;</FONT>
5 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#24037;&#20316;&#26085;&#20869;&#36890;&#30693;&#21478;&#19968;&#26041;&#24182;&#25552;&#20379;&#20854;&#25152;&#33021;&#24471;&#21040;&#30340;&#35777;&#25454;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.3 The affected Party shall notify the other Party and provide available
evidences within five (5) business days after the occurrence of the event of Force Majeure.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.4&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#20219;&#20309;&#19968;&#26041;&#22240;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#32780;&#26080;&#27861;&#20840;&#37096;&#25110;&#37096;&#20998;&#23653;&#34892;&#20854;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20219;&#20309;&#20041;&#21153;&#65292;&#21017;&#35813;&#26041;&#19981;&#35270;&#20026;&#36829;&#32422;&#65292;&#19981;&#25215;&#25285;&#36829;&#32422;&#36131;&#20219;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.4 Should any Party be prevented from performing all or any part of
its obligations under this Agreement as a result of an event of Force Majeure, such Party shall not be deemed to be in breach of this
Agreement, and shall not be liable for breach of this Agreement.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.5&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#21450;&#20854;&#24433;&#21709;&#25345;&#32493;</FONT>
30 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#25110;&#20197;&#19978;&#24182;&#19988;&#33268;&#20351;&#20219;&#20309;&#19968;&#26041;&#20007;&#22833;&#32487;&#32493;&#23653;&#34892;&#26412;&#21327;&#35758;&#30340;&#33021;&#21147;&#65292;&#21017;&#26412;&#21327;&#35758;&#20219;&#20309;&#19968;&#26041;&#26377;&#26435;&#20197;&#20070;&#38754;&#36890;&#30693;&#30340;&#26041;&#24335;&#35299;&#38500;&#26412;&#21327;&#35758;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.5 If such event of Force Majeure and its effect continue for thirty
(30) days or more and, as a result, forfeiture of any Party&rsquo;s ability to continue performance of this Agreement, either Party shall have
the right to terminate this Agreement by written notice.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.6&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22312;&#21457;&#29983;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#26399;&#38388;&#65292;&#38500;&#22240;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#23548;&#33268;&#19981;&#33021;&#23653;&#34892;&#30340;&#26041;&#38754;&#22806;&#65292;&#21508;&#26041;&#24212;&#22312;&#20854;&#20182;&#21508;&#20010;&#26041;&#38754;&#32487;&#32493;&#23653;&#34892;&#26412;&#21327;&#35758;&#12290;&#22312;&#19981;&#21487;&#25239;&#21147;&#21457;&#29983;&#26399;&#38388;&#20013;&#27490;&#23653;&#34892;&#30340;&#20041;&#21153;&#24212;&#20110;&#19981;&#21487;&#25239;&#21147;&#20107;&#20214;&#25110;&#20854;&#24433;&#21709;&#32456;&#27490;&#25110;&#28040;&#38500;&#21518;&#31435;&#21363;&#24674;&#22797;&#23653;&#34892;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.6 During the occurrence of an event of Force Majeure, the Parties
shall in all other respects continue their performance of this Agreement except to the extent such non-performance is due to such event
of Force Majeure. The obligations suspended during the occurrence of an event of Force Majeure shall be resumed as soon as the event of
Force Majeure or the effect thereof has been cured or removed.</P>

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

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

<!-- Field: Page; Sequence: 14; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->12<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>
10 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT> &#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21327;&#35758;&#29983;&#25928;&#12289;&#21464;&#26356;&#21450;&#32456;&#27490;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ARTICLE 10 &#9;EFFECTIVENESS, AMENDMENT AND TERMINATION</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10.1&nbsp;&#26412;&#21327;&#35758;&#32463;&#25480;&#26435;&#20195;&#34920;&#31614;&#23383;&#20043;&#26085;&#36215;&#29983;&#25928;&#12290;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10.1 This Agreement shall come into effect from the date when it is
signed by the authorized representatives.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#30340;&#21464;&#26356;&#38656;&#32463;&#21508;&#26041;&#21327;&#21830;&#19968;&#33268;&#24182;&#21478;&#34892;&#31614;&#32626;&#20070;&#38754;&#34917;&#20805;&#21327;&#35758;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10.2 Any amendment of this Agreement shall be agreed upon by the Parties
through negotiations and a written supplemental agreement shall be separately executed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#21487;&#20381;&#25454;&#19979;&#21015;&#24773;&#20917;&#20043;&#19968;&#32780;&#32456;&#27490;&#65306;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10.3 This Agreement may be terminated in any of the following circumstances:</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.1&nbsp; <FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26412;&#21327;&#35758;&#31532;</FONT>
3.1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#25152;&#36848;&#20808;&#20915;&#26465;&#20214;&#26410;&#33021;&#23436;&#25104;&#65292;&#20219;&#20309;&#19968;&#26041;&#22343;&#26377;&#26435;&#20197;&#20070;&#38754;&#36890;&#30693;&#30340;&#26041;&#24335;&#32456;&#27490;&#26412;&#21327;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.1 If the conditions precedent set forth in Article 3.1
of this Agreement are not fulfilled, either Party shall have the right to terminate this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#26524;&#26377;&#20851;&#20027;&#31649;&#37096;&#38376;&#12289;&#35777;&#21048;&#20132;&#26131;&#25152;&#20316;&#20986;&#30340;&#38480;&#21046;&#12289;&#31105;&#27490;&#21644;&#24223;&#27490;&#23436;&#25104;&#26412;&#27425;&#35748;&#36141;&#30340;&#27704;&#20037;&#31105;&#20196;&#12289;&#27861;&#35268;&#12289;&#35268;&#21017;&#12289;&#35268;&#31456;&#21644;&#21629;&#20196;&#24050;&#23646;&#32456;&#23616;&#19988;&#19981;&#21487;&#19978;&#35785;&#65292;&#20219;&#20309;&#19968;&#26041;&#22343;&#26377;&#26435;&#20197;&#20070;&#38754;&#36890;&#30693;&#26041;&#24335;&#32456;&#27490;&#26412;&#21327;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.2 If the regulatory authorities or securities exchanges
have issued permanent restrictions, prohibitions, or cancellations on the completion of this subscription, and these regulations have
already been concluded and cannot be appealed, and these permanent injunctions, regulations, rules, regulations and orders are final and
non-appealable; either Party shall have the right to terminate this Agreement by written notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32463;&#21508;&#26041;&#21327;&#21830;&#19968;&#33268;&#24182;&#31614;&#32626;&#20070;&#38754;&#21327;&#35758;&#65292;&#21487;&#32456;&#27490;&#26412;&#21327;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.3 This Agreement may be terminated by the Parties upon
the mutual agreement and execution of a written agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.4&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#22914;&#20219;&#20309;&#19968;&#26041;&#20005;&#37325;&#36829;&#21453;&#26412;&#21327;&#35758;&#35268;&#23450;&#65292;&#22312;&#23432;&#32422;&#26041;&#21521;&#36829;&#32422;&#26041;&#36865;&#36798;&#20070;&#38754;&#36890;&#30693;&#35201;&#27714;&#36829;&#32422;&#26041;&#23545;&#27492;&#31561;&#36829;&#32422;&#34892;&#20026;&#31435;&#21363;&#37319;&#21462;&#34917;&#25937;&#25514;&#26045;&#20043;&#26085;&#36215;</FONT>
30 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26085;&#20869;&#65292;&#27492;&#31561;&#36829;&#32422;&#34892;&#20026;&#20173;&#26410;&#33719;&#24471;&#34917;&#25937;&#65292;&#23432;&#32422;&#26041;&#26377;&#26435;&#21333;&#26041;&#20197;&#20070;&#38754;&#36890;&#30693;&#26041;&#24335;&#32456;&#27490;&#26412;&#21327;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.4 If any Party is in material breach of this Agreement,
the non-breaching Party shall serve a written notice on the breaching Party requiring the breaching Party to take immediate measures to
remedy such breach. If such breach remains unremedied within 30 days from the date of delivery of the notice, the non-breaching Party
shall have the right to terminate this Agreement unilaterally by written notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.5&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21463;&#19981;&#21487;&#25239;&#21147;&#24433;&#21709;&#65292;&#20219;&#20309;&#19968;&#26041;&#21487;&#20381;&#25454;&#26412;&#21327;&#35758;&#31532;</FONT>
9.5 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;&#35268;&#23450;&#32456;&#27490;&#26412;&#21327;&#35758;&#12290;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">10.3.5 Arising out of Force Majeure, either Party can terminate
this Agreement in accordance with Article 9.5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

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

<!-- Field: Page; Sequence: 15; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->13<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>
11 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT> &#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36890;&#30693;&#21450;&#36865;&#36798;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">ARTICLE 11 &#9;SERVICE OF NOTICES AND SERVICE OF PROCESS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26412;&#21327;&#35758;&#39033;&#19979;&#20219;&#20309;&#19968;&#26041;&#21521;&#21478;&#19968;&#26041;&#21457;&#20986;&#30340;&#25152;&#26377;&#36890;&#30693;&#25110;&#20070;&#38754;&#36890;&#35759;&#24212;&#20197;&#21452;&#26041;&#21487;&#20197;&#25509;&#25910;&#30340;&#26041;&#24335;&#21457;&#36865;&#12290;&#26681;&#25454;&#26412;&#21327;&#35758;&#21457;&#20986;&#30340;&#36890;&#30693;&#25110;&#36890;&#35759;&#65292;&#22914;&#20197;&#24555;&#36882;&#30340;&#26041;&#24335;&#21457;&#20986;&#65292;&#36890;&#30693;&#20449;&#20214;&#20132;&#32473;&#24555;&#36882;&#26381;&#21153;&#20844;&#21496;&#21518;&#31614;&#25910;&#35270;&#20026;&#36865;&#36798;&#26085;&#26399;&#65307;&#22914;&#20197;&#24494;&#20449;&#25110;&#30005;&#23376;&#37038;&#20214;&#30340;&#26041;&#24335;&#21457;&#20986;&#65292;&#21017;&#22312;&#21457;&#36865;&#21518;&#30340;&#31532;</FONT>
1 <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20010;&#24037;&#20316;&#26085;&#20026;&#36865;&#36798;&#26085;&#26399;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11.1 All notices or written communications to be given by any Party
to the other hereunder shall be made in a manner that both Parties could receive such communications. All notices and other communications
made pursuant to this Agreement shall be conclusively deemed to have been duly given: (a) at the date of receipt upon signature by the
recipient after deposit with an overnight delivery service; or (b) at the next business day when sent via Wechat or E-mail.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25152;&#26377;&#36890;&#30693;&#21644;&#36890;&#35759;&#24212;&#21457;&#24448;&#21452;&#26041;&#23454;&#38469;&#21150;&#20844;&#22320;&#22336;&#65292;&#25110;&#32773;&#20219;&#20309;&#19968;&#26041;&#20197;&#20070;&#38754;&#26041;&#24335;&#36890;&#30693;&#21478;&#19968;&#26041;&#30340;&#20854;&#20182;&#25910;&#20214;&#22320;&#22336;&#12290;&#22914;&#19968;&#26041;&#21464;&#26356;&#22320;&#22336;&#21518;&#26410;&#21450;&#26102;&#36890;&#30693;&#21478;&#19968;&#26041;&#65292;&#21017;&#21478;&#19968;&#26041;&#22312;&#26410;&#24471;&#21040;&#27491;&#24335;&#36890;&#30693;&#20043;&#21069;&#65292;&#23558;&#26377;&#20851;&#25991;&#20214;&#36865;&#36798;&#35813;&#26041;&#21407;&#22320;&#22336;&#21363;&#35270;&#20026;&#24050;&#36865;&#36798;&#35813;&#26041;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11.2 All notices and communications shall be sent to the actual business
addresses of the Parties or other mailing address notified by any Party to the other Party. If a Party fails to notify the other Party
of a change of address in a timely manner after such change is addressed, documents delivered to the original address of such Party without
formal notice to the other Party shall be deemed served to such Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>12<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#36153;&#29992;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 12 &#9;FEES</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">12.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26080;&#35770;&#26412;&#21327;&#35758;&#25152;&#36848;&#20132;&#26131;&#26159;&#21542;&#23436;&#25104;&#65292;&#22240;&#26412;&#21327;&#35758;&#21644;&#26412;&#27425;&#35748;&#36141;&#32780;&#21457;&#29983;&#30340;&#20840;&#37096;&#25104;&#26412;&#21644;&#24320;&#25903;&#65292;&#22343;&#24212;&#30001;&#21457;&#29983;&#35813;&#31561;&#25104;&#26412;&#21644;&#24320;&#25903;&#30340;&#19968;&#26041;&#33258;&#34892;&#25903;&#20184;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">12.1 Any and all of the costs and expenses to be incurred in connection
with this Agreement and this Subscription shall be paid by the Party incurring such costs and expenses, whether or not the transactions
contemplated by this Agreement are completed.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">12.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21508;&#26041;&#21516;&#24847;&#65292;&#22240;&#26412;&#27425;&#35748;&#36141;&#25152;&#24212;&#32564;&#32435;&#30340;&#21508;&#39033;&#31246;&#36153;&#65292;&#30001;&#21508;&#26041;&#25353;&#29031;&#30456;&#20851;&#27861;&#24459;&#12289;&#27861;&#35268;&#30340;&#35268;&#23450;&#21508;&#33258;&#25215;&#25285;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">12.2 The Parties agree that all the taxes payable as a result of this
Subscription shall be respectively borne by the Parties in accordance with the relevant laws and regulations.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#31532;</FONT>13<FONT STYLE="font-family: Times New Roman, Times, Serif">&#26465;</FONT>&#9;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20854;&#20182;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Article 13 &#9;MISCELLANEOUS</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.1&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#32487;&#21463;&#21450;&#36716;&#35753;&#65292;&#20219;&#20309;&#19968;&#26041;&#22343;&#19981;&#21463;&#38480;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.1 No Party shall be subject to succession or assignment restrictions.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.2&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#21487;&#20998;&#21106;&#24615;&#12290;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#19981;&#21512;&#27861;&#12289;&#26080;&#25928;&#25110;&#19981;&#33021;&#24378;&#21046;&#25191;&#34892;&#65292;&#22343;&#19981;&#24433;&#21709;&#26412;&#21327;&#35758;&#20219;&#20309;&#20854;&#20182;&#26465;&#27454;&#30340;&#21512;&#27861;&#24615;&#12289;&#25928;&#21147;&#25110;&#21487;&#24378;&#21046;&#25191;&#34892;&#24615;&#12290;&#22914;&#26524;&#26412;&#21327;&#35758;&#20219;&#20309;&#26465;&#27454;&#34987;&#35009;&#23450;&#20026;&#26080;&#25928;&#25110;&#19981;&#20855;&#26377;&#21487;&#24378;&#21046;&#25191;&#34892;&#24615;&#65292;&#20294;&#33509;&#36827;&#34892;&#37096;&#20998;&#21024;&#38500;&#25110;&#20462;&#25913;&#20173;&#21487;&#20351;&#20043;&#25104;&#20026;&#26377;&#25928;&#25110;&#20855;&#26377;&#21487;&#24378;&#21046;&#25191;&#34892;&#24615;&#65292;&#35813;&#31561;&#26465;&#27454;&#21487;&#22312;&#36827;&#34892;&#24517;&#35201;&#30340;&#21024;&#38500;&#25110;&#20462;&#25913;&#21518;&#32487;&#32493;&#23454;&#26045;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.2 Severability. The illegality, invalidity or unenforceability of
any provision of this Agreement shall not affect the legality, validity or enforceability of any other provision of this Agreement. If
any provision of this Agreement is held to be invalid or unenforceable, but would be valid and enforceable if deleted or modified in part,
the provision shall be deemed to be modified or partially deleted as necessary and shall continue to be in effect as modified or partially
deleted.</P>

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

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

<!-- Field: Page; Sequence: 16; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->14<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.3&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#20462;&#35746;&#12290;&#20219;&#20309;&#23545;&#26412;&#21327;&#35758;&#30340;&#20462;&#25913;&#25110;&#34917;&#20805;&#65292;&#24517;&#39035;&#32463;&#21508;&#26041;&#21327;&#21830;&#19968;&#33268;&#24182;&#31614;&#35746;&#20070;&#38754;&#20462;&#25913;&#25110;&#34917;&#20805;&#25991;&#20214;&#12290;&#20219;&#20309;&#23545;&#26412;&#21327;&#35758;&#30340;&#20462;&#25913;&#25110;&#34917;&#20805;&#25991;&#20214;&#22343;&#26159;&#26412;&#21327;&#35758;&#19981;&#21487;&#20998;&#21106;&#30340;&#19968;&#37096;&#20998;&#65292;&#19982;&#26412;&#21327;&#35758;&#20855;&#26377;&#21516;&#31561;&#25928;&#21147;&#12290;&#20462;&#25913;&#25110;&#34917;&#20805;&#25991;&#20214;&#19982;&#26412;&#21327;&#35758;&#21457;&#29983;&#20914;&#31361;&#26102;&#65292;&#20197;&#20462;&#25913;&#25110;&#34917;&#20805;&#25991;&#20214;&#20026;&#20934;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.3 Amendment. Any amendment or supplement to this Agreement shall
be agreed upon by the Parties, and a written amendment or supplement document shall be executed by the Parties through mutual assent.
Any amendment or supplement document shall be an integral part of this Agreement and shall have equal force and effect as this Agreement.
In the event that there is any conflict between the amendment or supplement document and this Agreement, the amendment or supplement document
shall prevail.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.4&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#25918;&#24323;&#12290;&#22914;&#26412;&#21327;&#35758;&#20219;&#20309;&#19968;&#26041;&#25918;&#24323;&#36861;&#31350;&#20854;&#20182;&#26041;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20219;&#20309;&#36829;&#32422;&#36131;&#20219;&#65292;&#21017;&#35813;&#39033;&#25918;&#24323;&#24212;&#24403;&#30001;&#25918;&#24323;&#36861;&#31350;&#30340;&#19968;&#26041;&#20197;&#32463;&#20854;&#31614;&#32626;&#30340;&#20070;&#38754;&#26041;&#24335;&#20316;&#20986;&#65292;&#19988;&#35813;&#39033;&#25918;&#24323;&#19981;&#24212;&#34987;&#35270;&#20026;&#25918;&#24323;&#36861;&#31350;&#20854;&#20182;&#26041;&#22312;&#26412;&#21327;&#35758;&#39033;&#19979;&#30340;&#20854;&#20182;&#36829;&#32422;&#36131;&#20219;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.4 Waiver. If any Party to this Agreement waives any breach of this
Agreement by the other Party, such waiver shall be made in a written instrument signed by the waiving Party, which shall not be deemed
as a waiver of any other breach of this Agreement by the other Party.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.5&nbsp;<FONT STYLE="font-family: Times New Roman, Times, Serif">&#23436;&#25972;&#21327;&#35758;&#12290;&#26412;&#21327;&#35758;&#26500;&#25104;&#20102;&#21508;&#26041;&#23601;&#26412;&#21327;&#35758;&#39033;&#19979;&#26631;&#30340;&#20107;&#39033;&#30340;&#20840;&#37096;&#21327;&#35758;&#65292;&#24182;&#21462;&#20195;&#27492;&#21069;&#21508;&#26041;&#23601;&#26412;&#21327;&#35758;&#39033;&#19979;&#26631;&#30340;&#20107;&#39033;&#30340;&#25152;&#26377;&#20070;&#38754;&#21644;&#21475;&#22836;&#30340;&#21327;&#35758;&#21450;&#27492;&#21069;&#30340;&#25152;&#26377;&#20854;&#20182;&#36890;&#20449;&#21450;&#23433;&#25490;&#12290;</FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.5 Entire Agreement. This Agreement constitutes the entire agreement
among the Parties with respect to the subject matter hereunder and supersedes all prior written and oral agreements and all prior other
communications and arrangements among the Parties with respect to the subject matter hereunder.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.6&nbsp;&#26412;&#21327;&#35758;&#37319;&#29992;&#20013;&#33521;&#25991;&#20070;&#20889;&#65292;&#21508;&#26041;&#31614;&#23383;&#21363;&#29983;&#25928;&#12290;&#27491;&#26412;&#19968;&#24335;&#36144;&#20221;&#65292;&#21508;&#26041;&#21508;&#25191;&#22777;&#20221;&#65292;&#21508;&#20221;&#20855;&#26377;&#21516;&#31561;&#30340;&#27861;&#24459;&#25928;&#21147;&#12290;&#22914;&#20013;&#25991;&#29256;&#26412;&#21644;&#33521;&#25991;&#29256;&#26412;&#26377;&#20219;&#20309;&#20914;&#31361;&#65292;&#20197;&#20013;&#25991;&#29256;&#26412;&#20026;&#20934;&#12290;</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">13.6 This Agreement is written in Chinese and English and shall become
effective upon signature by the Parties. This Agreement is made in two originals, with each Party holding one original, with each original
having the same legal effect. In case there is any conflict between the Chinese version and the English version, the Chinese version shall
prevail.</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&#65288;&#20197;&#19979;&#26080;&#27491;&#25991;&#65289;</I></FONT><I>/
(The remainder of this page is intentionally left blank.)</I></P>

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

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

<!-- Field: Page; Sequence: 17; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->15<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&#65288;&#26412;&#39029;&#26080;&#27491;&#25991;&#65292;&#20026;&#12298;&#12304;&#20080;&#26041;&#12305;&#20851;&#20110;</I></FONT><I>
Glory Star New Media Group Holdings Limited <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20043;&#32929;&#20221;&#35748;&#36141;&#21327;&#35758;&#12299;&#20043;&#31614;&#32626;&#39029;&#65289;</FONT></I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>(Intentionally Left Blank. Signature Page to the Share Subscription
Agreement)</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&#12304;&#20080;&#26041;&#12305;</P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#20195;&#34920;&#65288;&#31614;&#23383;&#65289;&#65306;</FONT>________________</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Authorized Representative (Signature):</P>

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

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

<!-- Field: Page; Sequence: 18; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1.5pt solid"><P STYLE="text-align: center; margin-top: 0pt; margin-bottom: 0pt"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->16<!-- Field: /Sequence --></P></DIV>
    <DIV STYLE="break-before: page; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif"><I>&#65288;&#26412;&#39029;&#26080;&#27491;&#25991;&#65292;&#20026;&#12298;&#12304;&#20080;&#26041;&#12305;&#20851;&#20110;</I></FONT><I>
Glory Star New Media Group Holdings Limited <FONT STYLE="font-family: Times New Roman, Times, Serif">&#20043;&#32929;&#20221;&#35748;&#36141;&#21327;&#35758;&#12299;&#20043;&#31614;&#32626;&#39029;&#65289;</FONT></I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><I>(Intentionally Left Blank. Signature Page to the Share Subscription
Agreement)</I></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Glory Star New Media Group Holdings Limited<FONT STYLE="font-family: Times New Roman, Times, Serif"></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Glory Star New Media Group Holdings Limited</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">&#25480;&#26435;&#20195;&#34920;&#65288;&#31614;&#23383;&#65289;&#65306;</FONT>________________</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Authorized Representative (Signature):</P>

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

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

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">17</P>

<!-- Field: Rule-Page --><DIV STYLE="margin-top: 0pt; margin-bottom: 0pt; width: 100%"><DIV STYLE="font-size: 1pt; border-top: Black 1.5pt solid">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>ea177056ex99-1_glorystar.htm
<DESCRIPTION>PRESS RELEASE DATED APRIL 18, 2023
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0; text-align: right"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Glory Star Announces Signing of $60 Million
Strategic Investment with</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Two Institutional Investors at $2.48 per Share</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">BEIJING,&nbsp;April
18, 2023&nbsp;/PRNewswire/ --&nbsp;Glory Star New Media Group Holdings Limited, (&ldquo;Glory Star&rdquo;, the &ldquo;Company&rdquo; or &ldquo;we&rdquo;)
(NASDAQ:&nbsp;GSMG), a leading digital media platform and content-driven e-commerce company in&nbsp;China, today announced that it has
entered into a Share Subscription Agreement with two institutional investors (the &ldquo;Investors&rdquo;), for the issuance of 24,193,548
ordinary shares in aggregate, at a purchase price of $2.48 per share. The gross proceeds will be $60,000,000. </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: 0pt 0; text-align: left"><FONT STYLE="background-color: white">The purchase
price was determined based off of the privatization price of US $1.55 per share approved by the Company&rsquo;s shareholders on November
11, 2022, with a 60% premium as agreed to by the Company and the Investors. The closing of the private placement is anticipated to occur
on or about May 9, 2023.</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: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>About&nbsp;Glory
Star</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Since its
establishment in 2016,&nbsp;Glory Star&nbsp;has been focused on developing an ecosystem for its users that incorporates quality content,
e-commerce, social networking, and gaming. The Company continues to integrate its cutting edge blockchain technologies, massive user base
from its CHEERS ecosystem, quality content offerings, and its well-established e-commerce platform, and through the right application
of 5G, AR, VR and NFT technologies to develop a metaverse boasting a wide range of &ldquo;online + offline&rdquo; and &ldquo;virtual + reality&rdquo;
scenarios.&nbsp;Glory Star&rsquo;s&nbsp;CHEERS Video and e-Mall platforms provide a solid foundation for it to rapidly develop different entertainment
and shopping applications for the metaverse.&nbsp;Glory Star&nbsp;also provides a suite of tools for its users to facilitate the development
of new content by creators. The Company is remaining at the forefront of disrupting the way new media and e-commerce is operated. For
more information, please visit&nbsp;http://ir.gsmg.co/.</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: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>Safe
Harbor Statement</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><FONT STYLE="background-color: white">Certain
statements made in this release are &ldquo;forward looking statements&rdquo; within the meaning of the &ldquo;safe harbor&rdquo; provisions
of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words &ldquo;estimates,&rdquo;
&ldquo;projected,&rdquo; &ldquo;expects,&rdquo; &ldquo;anticipates,&rdquo; &ldquo;forecasts,&rdquo; &ldquo;plans,&rdquo; &ldquo;intends,&rdquo; &ldquo;believes,&rdquo;
&ldquo;seeks,&rdquo; &ldquo;may,&rdquo; &ldquo;will,&rdquo; &ldquo;should,&rdquo; &ldquo;future,&rdquo; &ldquo;propose&rdquo; and variations of these
words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements.
These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown
risks, uncertainties, assumptions and other important factors, many of which are outside the Company&rsquo;s control, that could cause actual
results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, are:
the ability to manage growth; ability to identify and integrate other future acquisitions; ability to obtain additional financing in the
future to fund capital expenditures; fluctuations in general economic and business conditions; costs or other factors adversely affecting
our profitability; litigation involving patents, intellectual property, and other matters; potential changes in the legislative and regulatory
environment; a pandemic or epidemic; the occurrence of any event, change or other circumstances that could affect the Company&rsquo;s ability
to continue successful development and launch of its metaverse experience centers; the possibility that the Company may not succeed in
developing its new lines of businesses due to, among other things, changes in the business environment, competition, changes in regulation,
or other economic and policy factors; the possibility that the Company&rsquo;s new lines of business may be adversely affected by other economic,
business, and/or competitive factors; other factors, risks and uncertainties set forth in documents filed by the Company with the Securities
and Exchange Commission from time to time, including the Company&rsquo;s latest Annual Report on Form 20-F filed with the SEC on&nbsp;March
22, 2023. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information,
future events or otherwise, except as required by applicable law. Such information speaks only as of the date of this release.</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: 0pt 0; text-align: justify"><FONT STYLE="background-color: white"><B>For investor
and media inquiries, please contact:</B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">Wealth Financial
Services LLC</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">Connie Kang,
Partner</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">Email:&nbsp;ckang@wealthfsllc.com</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="background-color: white">Tel: +86
1381 185 7742 (CN)</FONT></P>

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

</BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
