<SUBMISSION>
<ACCESSION-NUMBER>0001144204-13-050576
<TYPE>S-8
<PUBLIC-DOCUMENT-COUNT>4
<FILING-DATE>20130913
<DATE-OF-FILING-DATE-CHANGE>20130913
<EFFECTIVENESS-DATE>20130913
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>Actions Semiconductor Co., Ltd.
<CIK>0001342068
<ASSIGNED-SIC>3674
<IRS-NUMBER>000000000
<STATE-OF-INCORPORATION>E9
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>S-8
<ACT>33
<FILE-NUMBER>333-191134
<FILM-NUMBER>131095300
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>15-1, NO.1, HIT ROAD,
<CITY>TANGJIA, ZHUHAI, GUANGDONG
<STATE>F4
<ZIP>519085
<PHONE>(87-756) 339-2353
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>15-1, NO.1, HIT ROAD,
<CITY>TANGJIA, ZHUHAI, GUANGDONG
<STATE>F4
<ZIP>519085
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>S-8
<SEQUENCE>1
<FILENAME>v354946_s8.htm
<DESCRIPTION>FORM S-8
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0"></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>As filed with the Securities and Exchange
Commission on September 13, 2013</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Registration No.&nbsp;333-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</B>&nbsp;</P>

<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

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

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>FORM S-8 </B></P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>REGISTRATION STATEMENT </B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B><I>The Securities Act of 1933</I></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-indent: 0.5in"></P>

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>ACTIONS SEMICONDUCTOR CO., LTD.</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-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Exact name of Registrant
as specified in its charter)</B></P>

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

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

<P STYLE="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"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr>
    <td style="vertical-align: top; width: 51%; font-size: 10pt; text-align: center"><font style="font-size: 10pt"><b>Cayman Islands</b></font></td>
    <td style="vertical-align: bottom; width: 1%; font-size: 10pt">&nbsp;</td>
    <td style="vertical-align: top; width: 48%; font-size: 10pt; text-align: center"><font style="font-size: 10pt"><b>Not Applicable</b></font></td></tr>
<tr>
    <td style="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(State or other jurisdiction of</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>incorporation or organization)</b></P></td>
    <td style="vertical-align: bottom; font-size: 10pt">&nbsp;</td>
    <td style="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>(I.R.S. Employer</b></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><b>Identification Number)</b></P></td></tr>
</table>
<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-top: 0pt; margin-bottom: 0pt; text-align: center"><B>No. 1, Ke Ji Si Road, Technology Innovation
Coast of Hi-Tech Zone</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Zhuhai, Guangdong, 519085</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>The People&rsquo;s Republic of China</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-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Address of Principal Executive Offices
including Zip Code)</B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Third Amended and Restated 2007 Equity
Performance and Incentive Plan</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(Full title of the
plan) </B></P>

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

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>570 Lexington Avenue, 44th Floor</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>New York, New York 10022</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(212) 319-4800</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(Name, address, including zip code, and
telephone number, including area code, of agent for service)</B></P>

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

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&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; text-align: center"><B><I>&nbsp;</I></B></P>

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

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Silicon Valley Center, 801 California
Street, Mountain View, CA 94041</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>(650) 988-8500</B></P>

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

<!-- Field: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of &ldquo;large accelerated
filer,&rdquo; &ldquo;accelerated filer&rdquo; and &ldquo;smaller reporting company&rdquo; in Rule 12b-2 of the Exchange Act.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="CENTER" STYLE="font: 10pt Times New Roman, Times, Serif; width: 90%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 30%"><font style="font-size: 10pt">Large accelerated filer</font></td>
    <TD STYLE="width: 20%"><font style="font: 10pt Wingdings">&uml;</font></td>
    <TD STYLE="width: 30%"><font style="font-size: 10pt">Accelerated filer</font></td>
    <TD STYLE="width: 20%"><font style="font: 10pt Wingdings">x</font></td></tr>
<tr style="vertical-align: top">
    <td><font style="font-size: 10pt">Non-accelerated filer</font></td>
    <td><font style="font: 10pt Wingdings">&uml;</font></td>
    <td><font style="font-size: 10pt">Smaller reporting company</font></td>
    <td><font style="font: 10pt Wingdings">&uml;</font></td></tr>
</table>
<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: Rule-Page --><DIV ALIGN="CENTER" STYLE="margin-top: 3pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 1pt solid; width: 25%">&nbsp;</DIV></DIV><!-- Field: /Rule-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>CALCULATION OF REGISTRATION FEE </B>&nbsp;</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="border: windowtext 1pt solid; font: 10pt Times New Roman, Times, Serif; width: 92%; margin-left: 0.25in">
<tr style="vertical-align: bottom">
    <TD NOWRAP STYLE="width: 27%; border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Title&nbsp;of&nbsp;securities&nbsp;to&nbsp;be</b></font><br>
<font style="font-size: 10pt"><b>registered<font style="font-family: Times New Roman, Times, Serif"><sup>(1)</sup></font></b></font></td>
    <TD NOWRAP STYLE="width: 24%; border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Amount&nbsp;to&nbsp;be&nbsp;registered<font style="font-family: Times New Roman, Times, Serif"><sup>(2)</sup></font></b></font></td>
    <TD NOWRAP STYLE="width: 18%; border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Proposed&nbsp;maximum</b></font><br>
<font style="font-size: 10pt"><b>offering&nbsp;price&nbsp;per</b></font><br>
<font style="font-size: 10pt"><b>share</b></font></td>
    <TD NOWRAP STYLE="width: 17%; border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Proposed&nbsp;maximum</b></font><br>
<font style="font-size: 10pt"><b>Aggregate&nbsp;offering</b></font><br>
<font style="font-size: 10pt"><b>price</b></font></td>
    <TD NOWRAP STYLE="border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Amount&nbsp;of</b></font><br>
<font style="font-size: 10pt"><b>registration</b></font><br>
<font style="font-size: 10pt"><b>fee</b></font></td>
    <TD NOWRAP STYLE="border: windowtext 1pt solid">&nbsp;</td></tr>
<tr style="vertical-align: bottom">
    <td style="border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt">Ordinary Shares, par value $0.000001 per share</font></td>
    <td style="border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt">12,000,000 Ordinary Shares<sup>(3)</sup></font></td>
    <td style="border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt">$0.437<sup>(4)</sup></font></td>
    <td style="border: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt">$5,244,000<sup>(4)</sup></font></td>
    <td colspan="2" style="border: windowtext 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt">$715.28</FONT></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt; color: black"><SUP>(1)</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt; color: black">The ordinary shares, par value </FONT><FONT STYLE="font-size: 10pt">$0.000001 per
share<FONT STYLE="color: black"> (the &ldquo;<B>Ordinary Shares</B>&rdquo;), of the Registrant may be represented by the Registrant&rsquo;s
American Depositary Shares (&ldquo;<B>ADSs</B>&rdquo;), each of which represents six Ordinary Shares. Separate registration statements
on Form F-6 have been filed on July 22, 2008 and November 10, 2005 for the registration of ADSs evidenced by American Depositary
Receipts issuable upon deposit of Ordinary Shares.</FONT></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt; color: black"><SUP>(2)</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt; color: black">The amount being registered also includes an indeterminate number of Ordinary Shares
which may be offered as a result of any stock splits, stock dividends and anti-dilution provisions and other terms in accordance
with Rule 416 under the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;).</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt; color: black"><SUP>(3)</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt; color: black">Represents an increase approved by the Registrant&rsquo;s Board of Directors on
</FONT><FONT STYLE="font-size: 10pt">April 1<FONT STYLE="color: black">, 2013 of 2,000,000 ADSs, equivalent to 12,000,000 Ordinary
Shares,</FONT> reserved for future grant under the Actions Semiconductor Co., Ltd. Third Amended and Restated 2007 Equity Performance
and Incentive Plan. </FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><FONT STYLE="font-size: 10pt; color: black"><SUP>(4)</SUP></FONT></TD><TD><FONT STYLE="font-size: 10pt; color: black">Estimated solely for the purpose of computing the amount of the registration
                                                                                                                          fee pursuant to Rule 457(h) under the Securities Act. The proposed maximum offering price per share and the proposed maximum
                                                                                                                          aggregate offering price for 12,000,000 Ordinary Shares are based on $</FONT>2.62<FONT STYLE="font-size: 10pt"> <FONT STYLE="color: black">per
                                                                                                                          ADS (the average of the high and low prices of the Registrant&rsquo;s ADSs as reported in the Nasdaq Global Market on </FONT>September
                                                                                                                          12<FONT STYLE="color: black">, 2013), or $0.437 per Ordinary Share.</FONT></FONT></TD></TR></TABLE>

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

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

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


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<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; text-align: center"><B>PART I</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">INFORMATION REQUIRED IN THE</P>

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

<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>Item 1. Plan Information </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The documents containing the information
specified in this Item 1 will be sent or given to employees, directors or others as specified by Rule 428(b)(1) under the Securities
Act. In accordance with the rules and regulations of the Securities and Exchange Commission (the &ldquo;<B>Commission</B>&rdquo;)
and the instructions to Form S-8, such documents are not being filed with the Commission either as part of this Registration Statement
or as prospectuses or prospectus supplements pursuant to Rule 424 under the Securities Act.</P>

<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>Item 2. Registrant Information and Employee Plan Annual Information
</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The documents containing the information
specified in this Item 2 will be sent or given to employees, directors or others as specified by Rule 428(b)(1) under the Securities
Act. In accordance with the rules and regulations of the Commission and the instructions to Form S-8, such documents are not being
filed with the Commission either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to
Rule 424 under the Securities Act.</P>

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


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

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

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

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 9%"><font style="font-size: 10pt"><b>Item&nbsp;3.</b></font></td>
    <TD STYLE="width: 91%"><font style="font-size: 10pt"><b>Incorporation of Certain Documents by Reference </b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">The following documents of the Registrant
filed with the Commission are incorporated herein by reference:</P>

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

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">(a)</font></td>
    <td style="vertical-align: top"><font style="font-size: 10pt">The Registrant&rsquo;s Annual Report on Form 20-F for the fiscal year ended December 31, 2012 filed with the Commission on April 25, 2013;</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">(b)</font></td>
    <td style="vertical-align: top"><font style="font-size: 10pt">All other reports filed by the Registrant pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the &ldquo;<b>Exchange Act</b>&rdquo;), since December 31, 2012; and</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr>
    <td style="width: 4%">&nbsp;</td>
    <td style="vertical-align: top; width: 4%"><font style="font-size: 10pt">(c)</font></td>
    <td style="vertical-align: top"><font style="font-size: 10pt">The description of the Registrant&rsquo;s Ordinary Shares set forth in the Registrant&rsquo;s Registration Statement on Form&nbsp;8-A filed with the Commission on November 4, 2005 and any description of the Ordinary Shares which is contained in a later registration statement filed by the Registrant pursuant to the Exchange Act, including any amendment or report filed for the purpose of updating such description.</font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">All documents subsequently filed by the
Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Exchange Act, prior to the filing of a post-effective amendment
which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall
be deemed to be incorporated by reference into this Registration Statement and to be a part hereof from the date of filing of such
documents; provided, however, that documents or information deemed to have been furnished and not filed in accordance with Commission
rules shall not be deemed incorporated by reference into this Registration Statement. Any statement contained herein or in a document,
all or a portion of which is incorporated or deemed to be incorporated by reference herein, shall be deemed to be modified or superseded
for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed
document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement
so modified or superseded shall not be deemed, except as so modified or amended, to constitute a part of this Registration Statement.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 9%"><font style="font-size: 10pt"><b>Item&nbsp;4.</b></font></td>
    <TD STYLE="width: 91%"><font style="font-size: 10pt"><b>Description of Securities </b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Not applicable.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 9%"><font style="font-size: 10pt"><b>Item&nbsp;5.</b></font></td>
    <TD STYLE="width: 91%"><font style="font-size: 10pt"><b>Interests of Named Experts and Counsel </b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Not applicable.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 9%"><font style="font-size: 10pt"><b>Item&nbsp;6.</b></font></td>
    <TD STYLE="width: 91%"><font style="font-size: 10pt"><b>Indemnification of Directors and Officers </b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Cayman Islands law does not limit the extent
to which a company&rsquo;s articles of association may provide for indemnification of officers and directors, except to the extent
any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification
against civil fraud or the consequences of committing a crime. The Registrant&rsquo;s Amended and Restated Articles of Association
provide for indemnification of officers and directors out of the assets of the Registrant against any liability incurred by them
as a result of any act or failure to act in carrying out their functions other than such liability (if any) that they may incur
by their own willful neglect or default<FONT STYLE="color: black">. </FONT></P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 9%"><font style="font-size: 10pt"><b>Item&nbsp;7.</b></font></td>
    <TD STYLE="width: 91%"><font style="font-size: 10pt"><b>Exemption from Registration Claimed </b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Not applicable.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 9%"><font style="font-size: 10pt"><b>Item&nbsp;8.</b></font></td>
    <TD STYLE="width: 91%"><font style="font-size: 10pt"><b>Exhibits </b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.45pt">The Exhibits listed on the accompanying
Exhibit Index are filed as a part of, or incorporated by reference into, this Registration Statement. (See Exhibit Index below.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 9%"><font style="font-size: 10pt"><b>Item&nbsp;9.</b></font></td>
    <TD STYLE="width: 91%"><font style="font-size: 10pt"><b>Undertakings </b></font></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.45pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.45pt">(a) The undersigned Registrant hereby
undertakes:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt; text-indent: 24.5pt">(1) To file, during any period
in which offers or sales are being made, a post-effective amendment to this Registration Statement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79.55pt">(i) To include any prospectus required by Section&nbsp;10(a)(3)
of the Securities Act;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79.55pt">(ii) To reflect in the prospectus any facts or events
arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually
or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding
the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would
not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be
reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume
and price represent no more than 20% change in the maximum aggregate offering price set forth in the &ldquo;Calculation of Registration
Fee&rdquo; table in the effective Registration Statement; and &nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79.55pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 79.55pt">(iii) To include any material information with respect
to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information
in this Registration Statement;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt"><I>&nbsp;</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt"><I>provided, however,</I> that paragraphs (a)(1)(i)
and (a)(1)(ii) do not apply if the registration statement is on Form S-8, and the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to Section&nbsp;13
or 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt; text-indent: 24.5pt">(2) That, for the purpose of
determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration
statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the
initial <I>bona fide</I> offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 24.45pt; text-indent: 24.5pt">(3) To remove from registration
by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">(b) The undersigned Registrant hereby undertakes
that, for purposes of determining any liability under the Securities Act, each filing of the Registrant&rsquo;s annual report pursuant
to Section&nbsp;13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&rsquo;s annual
report pursuant to Section&nbsp;15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall
be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at
that time shall be deemed to be the initial <I>bona fide</I> offering thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">(c) Insofar as indemnification for liabilities
arising under the Securities Act may be permitted to directors, officers and controlling persons of the Registrant pursuant to
the provisions described in Item&nbsp;6 above, or otherwise, the Registrant has been advised that in the opinion of the Commission
such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event
that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid
by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is
asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will,
unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction
the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed
by the final adjudication of such issue.</P>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<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>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Pursuant to the requirements of the Securities
Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form
S-8 and has duly caused this Form S-8 Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized,
in Zhuhai, People&rsquo;s Republic of China on September 13, 2013.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 50%">
<tr style="vertical-align: top">
    <td colspan="3"><font style="font-size: 10pt"><b>Actions Semiconductor Co., Ltd.</b></font></td></tr>
<tr>
    <td>&nbsp;</td>
    <td colspan="2">&nbsp;</td></tr>
<tr>
    <TD STYLE="vertical-align: top"><font style="font-size: 10pt">By:</font></td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; width: 81%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ I-Hung (Nigel) Liu</P></td></tr>
<tr>
    <td style="vertical-align: top"><font style="font-size: 10pt">Name:</font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom"><font style="font-size: 10pt">I-Hung (Nigel) Liu</font></td></tr>
<tr>
    <td style="vertical-align: top"><font style="font-size: 10pt">Title:</font></td>
    <td style="vertical-align: bottom">&nbsp;</td>
    <td style="vertical-align: bottom"><font style="font-size: 10pt">Chief Financial Officer</font></td></tr>
</table><BR STYLE="clear: both">
<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>POWER OF ATTORNEY </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Each person whose signature appears below
constitutes and appoints I-Hung (Nigel) Liu as his or her true and lawful attorneys-in-fact and agents, with full power of substitution
and resubstitution, for him or her and in his or her name, place, and stead, in any and all capacities, to sign any and all amendments
(including post-effective amendments, exhibits thereto and other documents in connection therewith) to this Registration Statement,
and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Commission, granting unto
said attorneys-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite
and necessary to be done in and about the premises, as fully to all intents and purposes as he or she might or could do in person,
hereby ratifying and confirming all that said attorneys-in-fact and agents, or either of them individually, or their or his substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Pursuant to the requirements of the Securities
Act, this Registration Statement has been signed below by the following persons in the capacities and on the dates indicated.</P>

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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 34%; border-bottom: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Signature</b></font></td>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</td>
    <TD STYLE="width: 36%; border-bottom: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Title</b></font></td>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</td>
    <TD STYLE="width: 28%; border-bottom: windowtext 1pt solid; text-align: center"><font style="font-size: 10pt"><b>Date</b></font></td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid"><font style="font-size: 10pt">/s/ Zhenyu Zhou</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font-size: 10pt">Chief Executive Officer</font></td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center"><font style="font-size: 10pt">September 13, 2013</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Zhenyu Zhou</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font-size: 10pt">(Principal Executive Officer)</font></td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid"><font style="font-size: 10pt">/s/ I-Hung (Nigel) Liu</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font-size: 10pt">Chief Financial Officer</font></td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center"><font style="font-size: 10pt">September 13, 2013</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">I-Hung (Nigel) Liu</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font-size: 10pt">(Principal Financial and Accounting Officer)</font></td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid"><font style="font-size: 10pt">/s/ Hsiang-Wei (David) Lee</font></td>
    <TD>&nbsp;</td>
    <TD><font style="font-size: 10pt">Chairman of the Board of Directors</font></td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center"><font style="font-size: 10pt">September 13, 2013</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Hsiang-Wei (David) Lee</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid"></td>
    <TD><font style="font-size: 10pt">&nbsp;</font></td>
    <TD><font style="font-size: 10pt">Director</font></td>
    <TD><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="text-align: center"></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Nan-Horng Yeh</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 34%; border-bottom: windowtext 1pt solid"><font style="font-size: 10pt">/s/ Yu-Hsin (Casper) Lin</font></td>
    <TD STYLE="width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="width: 36%"><font style="font-size: 10pt">Director</font></td>
    <TD STYLE="width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="width: 28%; text-align: center"><font style="font-size: 10pt">September 13, 2013</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Yu-Hsin (Casper) Lin</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid"><font style="font-size: 10pt">/s/ Chin-Hsin (Fred) Chen</font></td>
    <TD><font style="font-size: 10pt">&nbsp;</font></td>
    <TD><font style="font-size: 10pt">Director</font></td>
    <TD><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="text-align: center"><font style="font-size: 10pt">September 13, 2013</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Chin-Hsin (Fred) Chen</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid"><font style="font-size: 10pt">/s/ Shao Chuan (Shawn) Li</font></td>
    <TD><font style="font-size: 10pt">&nbsp;</font></td>
    <TD><font style="font-size: 10pt">Director</font></td>
    <TD><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="text-align: center"><font style="font-size: 10pt">September 13, 2013</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Shao Chuan (Shawn) Li</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 34%; border-bottom: windowtext 1pt solid"><font style="font-size: 10pt">/s/ Jun-Tse (Walter) Huang</font></td>
    <TD STYLE="width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="width: 36%"><font style="font-size: 10pt">Director</font></td>
    <TD STYLE="width: 1%"><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="width: 28%; text-align: center"><font style="font-size: 10pt">September 13, 2013</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">Jun-Tse (Walter) Huang</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-bottom: windowtext 1pt solid"><font style="font-size: 10pt">/s/ I-Ming (Robin) Pan</font></td>
    <TD><font style="font-size: 10pt">&nbsp;</font></td>
    <TD><font style="font-size: 10pt">Director</font></td>
    <TD><font style="font-size: 10pt">&nbsp;</font></td>
    <TD STYLE="text-align: center"><font style="font-size: 10pt">September 13, 2013</font></td></tr>
<tr style="vertical-align: top">
    <TD><font style="font-size: 10pt">I-Ming (Robin) Pan</font></td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD>&nbsp;</td>
    <TD STYLE="text-align: center">&nbsp;</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>


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<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>SIGNATURE OF AUTHORIZED REPRESENTATIVE
IN THE UNITED STATES </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 24.5pt">Pursuant to the requirements of the Securities
Act, the undersigned, the duly authorized representative in the United States of the Registrant, has signed this registration statement
on September 13, 2013.</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-align: right">Depositary Management Corporation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right; text-indent: -0.25in">(Authorized Representative
in the United States)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.15in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" ALIGN="RIGHT" STYLE="font: 10pt Times New Roman, Times, Serif; width: 40%">
<tr>
    <TD STYLE="vertical-align: top; width: 5%"><font style="font-size: 10pt">By:</font></td>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</td>
    <TD STYLE="vertical-align: bottom; width: 44%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; border-bottom: black 0.75pt solid">/s/ Scott A. Ziegler</P></td></tr>
<tr>
    <TD STYLE="vertical-align: top"><font style="font-size: 10pt"><b>Name:</b></font></td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: bottom"><font style="font-size: 10pt">Scott A. Ziegler</font></td></tr>
<tr>
    <TD STYLE="vertical-align: top"><font style="font-size: 10pt"><b>Title:</b></font></td>
    <TD STYLE="vertical-align: bottom">&nbsp;</td>
    <TD STYLE="vertical-align: bottom"><font style="font-size: 10pt">Managing Director</font></td></tr>
</table><BR STYLE="clear: both"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>


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<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>EXHIBIT INDEX </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"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR>
    <TD STYLE="vertical-align: top; width: 8%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: black 0.75pt solid"><B>Exhibit<BR>
        Number</B></P></TD>
    <TD STYLE="vertical-align: bottom; width: 1%">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; width: 91%; border-bottom: black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Description&nbsp;of&nbsp;Exhibit</B></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">4.1</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s Article of Association, as amended. Filed as Exhibit 99.2 to Form 6-K filed with the Commission on May 20, 2010 (File No. 000-51604) and incorporated herein by reference</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">4.2</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Registrant&rsquo;s Form of American Depositary Receipt. Filed
        as Exhibit A to the Form of Deposit Agreement filed as Exhibit (a) to the Registrant&rsquo;s Registration Statement on Form F-6
        filed on November 2, 2005 (File No. 333-129375) and incorporated herein by reference</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">4.3</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s Form of Certificate for Ordinary Shares. Filed as Exhibit 4.1 to the Registrant&rsquo;s Registration Statement on Form F-1 filed with the Commission on October 24, 2005 (File&nbsp;No.&nbsp;333-129208) and incorporated herein by reference&nbsp;</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">4.4</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Registrant&rsquo;s Form of Deposit Agreement. Filed as Exhibit (a) to the Registrant&rsquo;s Registration Statement on Form F-6 filed on November 2, 2005 (File No. 333-129375) and incorporated herein by reference</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">4.5</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Actions Semiconductor Co., Ltd. Third Amended and Restated 2007 Equity Performance and Incentive Plan </FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">5.1</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Opinion of Maples and Calder, Cayman Islands counsel to the Registrant, regarding the validity of the Ordinary Shares being registered</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">23.1</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;Consent of Deloitte Touche Tohmatsu CPA Ltd.</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 12pt; text-indent: -12pt"><FONT STYLE="font-size: 10pt">23.2</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">&nbsp;Consent of Maples and Calder (included in Exhibit&nbsp;5.1)</FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top">&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">24.1</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: top"><FONT STYLE="font-size: 10pt">Power of Attorney (included on the signature page to the Registration Statement)</FONT></TD></TR>
</TABLE>


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


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<DOCUMENT>
<TYPE>EX-4.5
<SEQUENCE>2
<FILENAME>v354946_ex4-5.htm
<DESCRIPTION>EXHIBIT 4.5
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

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

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: Black"><B><U>ACTIONS
SEMICONDUCTOR CO., LTD.</U></B></FONT></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="text-underline-style: double; color: Black"><B>Third
Amended and Restated </B></FONT><B><FONT STYLE="color: Black">2007 Equity Performance and Incentive Plan</FONT></B></P>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">1.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Purpose.
                                                                                            </B></FONT><FONT STYLE="color: Black">The
                                                                                            purpose of the<FONT STYLE="text-underline-style: double">
                                                                                            Third Amended and Restated</FONT>
                                                                                            2007 Equity Performance and Incentive
                                                                                            Plan (the &ldquo;Plan&rdquo;) is to
                                                                                            attract and retain officers, employees,
                                                                                            non-employee directors and consultants
                                                                                            for Actions Semiconductor Co., Ltd.,
                                                                                            a Cayman Islands exempted company,
                                                                                            and its Subsidiaries and to provide
                                                                                            to such persons incentives to stay
                                                                                            with the Company and make superior
                                                                                            contributions to the Company in the
                                                                                            future.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">2.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Definitions.
                                                          </B></FONT><FONT STYLE="color: Black">As used in this Plan,</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(a)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Board&rdquo;
                                                               means the Board of Directors of the Company and, to the extent
                                                               of any delegation by the Board to a committee (or subcommittee
                                                               thereof) pursuant to Section 13 of this Plan, such committee (or
                                                               subcommittee).</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(b)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Company&rdquo;
                                                               means Actions Semiconductor Co., Ltd., a Cayman Islands exempted
                                                               company, or any successor corporation thereto.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(c)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Date
                                                                                                 of Grant&rdquo; means the date
                                                                                                 specified by the Board on which
                                                                                                 a grant of Option Rights or a
                                                                                                 grant or sale of Restricted Shares
                                                                                                 or Restricted Share Units will
                                                                                                 become effective (which date
                                                                                                 will not be earlier than the
                                                                                                 <FONT STYLE="text-underline-style: double">later
                                                                                                 of (i) the </FONT>date on which
                                                                                                 the Board takes action with respect
                                                                                                 thereto<FONT STYLE="text-underline-style: double">;
                                                                                                 or (ii) the date on which a Participant
                                                                                                 commences the provision of services
                                                                                                 to the Company or any one or
                                                                                                 more of its Subsidiaries</FONT>).</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(d)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Director&rdquo;
                                                               means a member of the Board of Directors of the Company.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(e)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Employee&rdquo;
                                                               means any person employed by the Company or any of the Company&rsquo;s
                                                               present or future parent or<B> </B>subsidiary corporations as defined
                                                               in sections 424(e) or (f) of the U.S. Code, and any other entities
                                                               the employees of which are eligible to receive incentive stock
                                                               options under the U.S. Code. Neither service as a Director nor
                                                               payment of a director&rsquo;s fee by the Company will be sufficient
                                                               to constitute &ldquo;employment&rdquo; by the Company.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(f)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Evidence
                                                               of Award&rdquo; means an agreement, certificate, resolution or
                                                               other type or form of writing or other evidence approved by the
                                                               Board that sets forth the terms and conditions of the awards granted.
                                                               An Evidence of Award may be in an electronic medium, may be limited
                                                               to notation on the books and records of the Company and, with the
                                                               approval of the Board, need not be signed by a representative of
                                                               the Company or a Participant.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(g)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Market
                                                               Value per Share&rdquo; means, as of any particular date, the fair
                                                               market value of one of the Shares of the Company as determined
                                                               by the Board.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(h)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Optionee&rdquo;
                                                               means the optionee named in an Evidence of Award evidencing an
                                                               outstanding Option Right.</FONT></TD></TR></TABLE>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(i)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Option
                                                               Price&rdquo; means the purchase price payable on exercise of an
                                                               Option Right.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(j)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Option
                                                               Right&rdquo; means the right to purchase Shares upon exercise of
                                                               an option granted pursuant to Section 4 of this Plan.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(k)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Participant&rdquo;
                                                                                                 means a person who is selected
                                                                                                 by the Board to receive benefits
                                                                                                 under this Plan and who is at
                                                                                                 the time an officer, employee,
                                                                                                 non-employee director or consultant
                                                                                                 of the Company or any one or
                                                                                                 more of its Subsidiaries, or
                                                                                                 who has agreed to commence serving
                                                                                                 in any of such capacities within
                                                                                                 90 days of the <FONT STYLE="text-underline-style: double">date
                                                                                                 on which the Board takes action
                                                                                                 to approve a grant of an award
                                                                                                 under this Plan</FONT>. The term
                                                                                                 &ldquo;Participant&rdquo; shall
                                                                                                 also include any person who provides
                                                                                                 services to the Company or a
                                                                                                 Subsidiary that are equivalent
                                                                                                 to those typically provided by
                                                                                                 an employee.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(l)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;PRC&rdquo;
                                                               means the People&rsquo;s Republic of China.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(m)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Restriction
                                                               Period&rdquo; means the period of time during which Restricted
                                                               Share Units are subject to deferral limitations under Section 6
                                                               of this Plan.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(n)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Restricted
                                                               Shares&rdquo; means Shares granted or sold pursuant to Section
                                                               5 of this Plan as to which neither the risk of forfeiture nor the
                                                               prohibition on transfers referred to in such Section 5 has expired.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(o)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Restricted
                                                               Share Units&rdquo; means an award made pursuant to Section 6 of
                                                               this Plan of the right to receive Shares at the end of a specified
                                                               Restriction Period.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(p)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Shares&rdquo;
                                                               means the American Depositary Shares representing ordinary shares,
                                                               par value US $0.000001 per share, of the Company, or any security
                                                               into which such Shares may be changed by reason of any transaction
                                                               or event of the type referred to in Section 9 of this Plan.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(q)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;Subsidiary&rdquo;
                                                               means a corporation, company or other entity (i) more than 50 percent
                                                               of whose outstanding shares or securities (representing the right
                                                               to vote for the election of directors or other managing authority)
                                                               are, or (ii) which does not have outstanding shares or securities
                                                               (as may be the case in a partnership, joint venture or unincorporated
                                                               association), but more than 50 percent of whose ownership interest
                                                               representing the right generally to make decisions for such other
                                                               entity is, now or hereafter, owned or controlled, directly or indirectly,
                                                               by the Company.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(r)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">&ldquo;U.S.
                                                               Code&rdquo; means the United States Internal Revenue Code of 1986,
                                                               as amended.</FONT></TD></TR></TABLE>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-weight: normal; color: Black">3.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Shares
                                                                                                                 Available Under
                                                                                                                 the Plan. <FONT STYLE="font-weight: normal">Subject
                                                                                                                 to adjustment
                                                                                                                 as provided in
                                                                                                                 Section 9 of
                                                                                                                 this Plan, the
                                                                                                                 number of Shares
                                                                                                                 that may be issued
                                                                                                                 or transferred
                                                                                                                 <FONT STYLE="font-family: Times New Roman, Times, Serif">(i)
                                                                                                                 upon the exercise
                                                                                                                 of Option Rights,
                                                                                                                 (ii) as Restricted
                                                                                                                 Shares and released
                                                                                                                 from the risk
                                                                                                                 of forfeiture
                                                                                                                 thereof, (iii)
                                                                                                                 upon payment
                                                                                                                 of Restricted
                                                                                                                 Share Units,
                                                                                                                 or (iv) in payment
                                                                                                                 of dividend equivalents
                                                                                                                 paid with respect
                                                                                                                 to awards made
                                                                                                                 under the Plan
                                                                                                                 shall not exceed
                                                                                                                 in the aggregate
                                                                                                                 11</FONT><FONT STYLE="text-underline-style: double">,400,000
                                                                                                                 </FONT><FONT STYLE="font-family: Times New Roman, Times, Serif">Shares,
                                                                                                                 all of which
                                                                                                                 are available
                                                                                                                 to be granted
                                                                                                                 as incentive
                                                                                                                 stock options
                                                                                                                 </FONT>within
                                                                                                                 the meaning of
                                                                                                                 section 422 of
                                                                                                                 the U.S. Code<FONT STYLE="font-family: Times New Roman, Times, Serif">.
                                                                                                                 In addition to
                                                                                                                 the Shares authorized
                                                                                                                 by the preceding
                                                                                                                 sentence, </FONT>to
                                                                                                                 the extent any
                                                                                                                 award under this
                                                                                                                 Plan otherwise
                                                                                                                 terminates without
                                                                                                                 the issuance
                                                                                                                 of some or all
                                                                                                                 of the Shares
                                                                                                                 underlying the
                                                                                                                 award to a <FONT STYLE="text-underline-style: double">Participant
                                                                                                                 </FONT>or if
                                                                                                                 any Option Right
                                                                                                                 under this Plan
                                                                                                                 terminates without
                                                                                                                 having been exercised
                                                                                                                 in full, the
                                                                                                                 Shares underlying
                                                                                                                 such award, to
                                                                                                                 the extent of
                                                                                                                 any such forfeiture
                                                                                                                 or termination,
                                                                                                                 shall be available
                                                                                                                 for future grant
                                                                                                                 under this Plan
                                                                                                                 and credited
                                                                                                                 toward the Plan
                                                                                                                 limit. <FONT STYLE="font-family: Times New Roman, Times, Serif">Such
                                                                                                                 Shares may be
                                                                                                                 Shares of original
                                                                                                                 issuance or Shares
                                                                                                                 that have been
                                                                                                                 previously issued
                                                                                                                 and acquired
                                                                                                                 by the Company
                                                                                                                 or a combination
                                                                                                                 of the foregoing.
                                                                                                                 </FONT>The Board
                                                                                                                 may, at any time,
                                                                                                                 increase or reduce
                                                                                                                 the number of
                                                                                                                 Shares subject
                                                                                                                 to this Plan,
                                                                                                                 but not below
                                                                                                                 the number of
                                                                                                                 Shares then issuable
                                                                                                                 upon outstanding,
                                                                                                                 unexercised Option
                                                                                                                 Rights and unvested
                                                                                                                 Restricted Shares
                                                                                                                 and Restricted
                                                                                                                 Share Units.
                                                                                                                 </FONT></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-weight: normal; color: Black">4.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Option
                                                                                                   Rights.</B></FONT><FONT STYLE="color: Black">
                                                                                                   <FONT STYLE="font-weight: normal">The
                                                                                                   Board may, from time to time
                                                                                                   and upon such terms and conditions
                                                                                                   as it may determine, authorize
                                                                                                   the granting to Participants
                                                                                                   of options to purchase Shares.
                                                                                                   Such options may be &ldquo;incentive
                                                                                                   stock options&rdquo; (within
                                                                                                   the meaning of section 422
                                                                                                   of the U.S. Code. Each such
                                                                                                   grant may utilize any or all
                                                                                                   of the authorizations, and
                                                                                                   will be subject to all of the
                                                                                                   requirements, contained in
                                                                                                   the following provisions:</FONT></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(a)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               grant will specify the number of Shares to which it pertains subject
                                                               to the limitations set forth in Section 3 of this Plan.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(b)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                                                                 grant will specify an Option
                                                                                                 Price per Share<FONT STYLE="text-underline-style: double">
                                                                                                 as determined by the Board, provided
                                                                                                 that, if the Participant receiving
                                                                                                 such grant is a United States
                                                                                                 taxpayer, such Option Price per
                                                                                                 Share shall</FONT> not be less
                                                                                                 than <FONT STYLE="text-underline-style: double">100%
                                                                                                 of </FONT>the Market Value per
                                                                                                 Share on the Date of Grant. In
                                                                                                 the case of an incentive stock
                                                                                                 option (A) granted to an Employee
                                                                                                 who, at the time the incentive
                                                                                                 stock option is granted, owns
                                                                                                 Shares representing more than
                                                                                                 ten percent (10%) of the voting
                                                                                                 power of all classes of share
                                                                                                 capital of the Company or any
                                                                                                 of the Company&rsquo;s present
                                                                                                 or future parent or<B> </B>subsidiary
                                                                                                 corporations as defined in sections
                                                                                                 424(e) or (f) of the U.S. Code,
                                                                                                 the Option Price per Share will
                                                                                                 be no less than one hundred ten
                                                                                                 percent (110%) of the Market
                                                                                                 Value per Share on the Date of
                                                                                                 Grant; and (B) granted to any
                                                                                                 Employee other than an Employee
                                                                                                 described in paragraph (A) immediately
                                                                                                 above, the Option Price per Share
                                                                                                 will be no less than one hundred
                                                                                                 percent (100%) of the Market
                                                                                                 Value per Share on the Date of
                                                                                                 Grant.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(c)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               grant will specify whether the Option Price will be payable (i)
                                                               in cash or by check acceptable to the Company in a currency determined
                                                               by the Board, (ii) to the extent authorized by the Board, by the
                                                               actual or constructive transfer to the Company of Shares owned
                                                               by the Optionee having a value at the time of exercise equal to
                                                               the total Option Price, (iii) by such other method of payment authorized
                                                               by the Board, or (iv) by a combination of such methods of payment.</FONT></TD></TR></TABLE>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(d)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">To the
                                                               extent permitted by law, any grant may provide for deferred payment
                                                               of the Option Price from the proceeds of sale through a broker
                                                               on a date satisfactory to the Company of some or all of the Shares
                                                               to which such exercise relates.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(e)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Successive
                                                               grants may be made to the same Participant whether or not any Option
                                                               Rights previously granted to such Participant remain unexercised.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(f)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               grant will specify the period or periods of continuous service
                                                               by the Optionee with the Company or any Subsidiary that is necessary
                                                               before the Option Rights or installments thereof will become exercisable.
                                                               Notwithstanding the foregoing, any such grant of Option Rights
                                                               may provide for the immediate exercisability of the Option Right.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(g)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Any
                                                               grant of Option Rights may specify management objectives that must
                                                               be achieved as a condition to the exercise of such rights.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(h)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
                                                               Board may, on or after the Date of Grant of any Option Rights,
                                                               provide for the payment of dividend equivalents to the Optionee
                                                               on either a current or deferred or contingent basis or may provide
                                                               that such equivalents will be credited against the Option Price.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(i)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">No Option
                                                               Right will be exercisable more than 10 years from the Date of Grant,
                                                               except that an Option Right intended to be an incentive stock option
                                                               issued to an individual who owns more than ten percent of the total
                                                               outstanding voting power of the Company&rsquo;s outstanding stock
                                                               (within the meaning of section 422 of the U.S. Code) will not have
                                                               a term of more than 5 years.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(j)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
                                                               Board reserves the discretion after the Date of Grant to provide
                                                               for (i) the payment of a cash bonus at the time of exercise; (ii)
                                                               the availability of a loan at exercise; (iii) the right to tender
                                                               in satisfaction of the Option Price nonforfeitable, unrestricted
                                                               Shares, which are already owned by the Optionee and have a value
                                                               at the time of exercise that is equal to the Option Price.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(k)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               grant of Option Rights will be evidenced by an Evidence of Award.
                                                               Each Evidence of Award shall be subject to the Plan and shall contain
                                                               such terms and provisions as the Board may approve.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(l)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">A grant
                                                               of Option Rights that is not intended to be an incentive stock
                                                               option shall be designated as a &ldquo;Nonstatutory Stock Option&rdquo;
                                                               or a &ldquo;Nonqualified Stock Option.&rdquo; Each grant that is
                                                               intended to be an incentive stock option shall be subject to the
                                                               following additional terms and conditions: (i) it shall only be
                                                               granted to Employees, and shall be subject to and construed consistently
                                                               with the requirements of section 422 of the U.S. Code, (ii) it
                                                               shall be treated as a nonqualified stock option to the extent that,
                                                               in the calendar year in which the Option is first exercisable,
                                                               the aggregate fair market value of the Shares subject to the Option
                                                               Right (when added to other awards granted to the same individual
                                                               that are intended to be incentive stock options under any plan
                                                               maintained by the Company and certain related corporations) exceeds
                                                               US$100,000 or such other limitation as might apply under section
                                                               422 of the U.S. Code, (iii) it must be granted within 10 years
                                                               from the adoption of the Plan or the date that it is approved by
                                                               shareholders, whichever is earlier, (iv) it is not transferable
                                                               other than by the laws of descent and distribution, and, during
                                                               the optionholder&rsquo;s lifetime, can be exercised only by the
                                                               optionholder, and (iii) the Company shall have no liability to
                                                               a Participant, or any other party, if an Option Right (or any part
                                                               thereof) that is intended to be an incentive stock option is not
                                                               an incentive stock option, or for any action taken by the Board,
                                                               including without limitation the conversion of an incentive stock
                                                               option to a nonstatutory stock option.</FONT></TD></TR></TABLE>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">5.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Restricted
                                                          Shares.</B></FONT><FONT STYLE="color: Black"> The Board may also authorize
                                                          the grant or sale of Restricted Shares to Participants. Each such grant
                                                          or sale may utilize any or all of the authorizations, and will be subject
                                                          to all of the requirements, contained in the following provisions:</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(a)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               such grant or sale will constitute an immediate transfer of the
                                                               ownership of Shares to the Participant in consideration of the
                                                               performance of services, entitling such Participant to voting,
                                                               dividend and other ownership rights, but subject to the risk of
                                                               forfeiture and restrictions on transfer hereinafter referred to.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(b)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               such grant or sale may be made without additional consideration
                                                               or in consideration of a payment by such Participant that is less
                                                               than the Market Value per Share at the Date of Grant.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(c)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               such grant or sale will provide that the Restricted Shares covered
                                                               by such grant or sale will be subject to a risk of forfeiture for
                                                               a period to be determined by the Board at the Date of Grant.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(d)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               such grant or sale will provide that during the period for which
                                                               such risk of forfeiture is to continue, the transferability of
                                                               the Restricted Shares will be prohibited or restricted in the manner
                                                               and to the extent prescribed by the Board at the Date of Grant
                                                               (which restrictions may include, without limitation, rights of
                                                               repurchase or first refusal in the Company or provisions subjecting
                                                               the Restricted Shares to a continuing risk of repurchase in the
                                                               hands of any transferee).</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(e)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Any
                                                               grant of Restricted Shares may specify management objectives that,
                                                               if achieved, will result in termination or early termination of
                                                               the restrictions applicable to such Shares.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(f)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Any
                                                               such grant or sale of Restricted Shares may require that any or
                                                               all dividends or other distributions paid thereon during the period
                                                               of such restrictions be automatically deferred and reinvested in
                                                               additional Restricted Shares, which may be subject to the same
                                                               restrictions as the underlying award.</FONT></TD></TR></TABLE>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(g)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               grant or sale of Restricted Shares will be evidenced by an Evidence
                                                               of Award and will contain such terms and provisions, consistent
                                                               with this Plan, as the Board may approve. Unless otherwise directed
                                                               by the Board, all certificates representing Restricted Shares will
                                                               be held in custody by the Company until all restrictions thereon
                                                               will have lapsed, together with a stock power or powers executed
                                                               by the Participant in whose name such certificates are registered,
                                                               endorsed in blank and covering such Shares.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">6.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>Restricted
                                                          Share Units</B>. The Board may also authorize the granting or sale of
                                                          Restricted Share Units to Participants. Each such grant or sale may
                                                          utilize any or all of the authorizations, and shall be subject to all
                                                          of the requirements, contained in the following provisions:</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(a)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               such grant or sale shall constitute the agreement by the Company
                                                               to deliver Shares to the Participant in the future in consideration
                                                               of the performance of services, but subject to the fulfillment
                                                               of such conditions during the Restriction Period as the Board may
                                                               specify.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(b)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               such grant or sale may be made without additional consideration
                                                               or in consideration of a payment by such Participant that is less
                                                               than the Market Value per Share at the Date of Grant.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(c)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               such grant or sale shall be subject to a Restriction Period, as
                                                               determined by the Board at the Date of Grant.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(d)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">During
                                                               the Restriction Period, the Participant shall have no right to
                                                               transfer any rights under his or her award and shall have no rights
                                                               of ownership in the Restricted Share Units and shall have no right
                                                               to vote them, but the Board may, at or after the Date of Grant,
                                                               authorize the payment of dividend equivalents on the Shares underlying
                                                               such units on either a current or deferred or contingent basis,
                                                               either in cash or in additional Shares.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(e)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               grant will specify whether the Restricted Share Units will be payable
                                                               at the end of the Restriction Period (i) in cash in a currency
                                                               determined by the Board, (ii) by the actual transfer to the Participant
                                                               of Shares, or (iii) by a combination of such methods of payment.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(f)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Any
                                                               grant of Restricted Share Units may specify management objectives
                                                               that, if achieved, will result in termination or early termination
                                                               of the Restriction Period.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(g)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Each
                                                               grant or sale of Restricted Share Units shall be evidenced by an
                                                               Evidence of Award and shall contain such terms and provisions,
                                                               consistent with this Plan, as the Board may approve.</FONT></TD></TR></TABLE>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-weight: normal; color: Black">7.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Type
                                                                                                                 of Securities
                                                                                                                 Issued.<FONT STYLE="font-weight: normal">
                                                                                                                 In lieu of delivering
                                                                                                                 Shares in connection
                                                                                                                 with an award
                                                                                                                 of Option Rights,
                                                                                                                 Restricted Shares,
                                                                                                                 or Restricted
                                                                                                                 Shares Units
                                                                                                                 under this Plan,
                                                                                                                 the Board may
                                                                                                                 provide, at or
                                                                                                                 after the Date
                                                                                                                 of Grant, that
                                                                                                                 the securities
                                                                                                                 to be issued
                                                                                                                 or transferred
                                                                                                                 in connection
                                                                                                                 with such awards
                                                                                                                 shall be ordinary
                                                                                                                 shares, par value
                                                                                                                 US $<FONT STYLE="text-underline-style: double">0.000001
                                                                                                                 per ordinary
                                                                                                                 share,</FONT>
                                                                                                                 of the Company.
                                                                                                                 </FONT></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-weight: normal; color: Black">8.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Transferability.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(a)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Except
                                                               as otherwise determined by the Board, no Option Right or other
                                                               security granted under this Plan shall be transferable by a Participant
                                                               other than by will or the laws of descent and distribution. Except
                                                               as otherwise determined by the Board, Option Rights shall be exercisable
                                                               during the Optionee&rsquo;s lifetime only by him or her or by his
                                                               or her guardian or legal representative.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(b)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
                                                               Board may specify at the Date of Grant that part or all of the
                                                               Shares that are (i) to be issued or transferred by the Company
                                                               upon the exercise of Option Rights or upon the termination of the
                                                               Restriction Period applicable to Restricted Share Units or (ii)
                                                               no longer subject to the risk of forfeiture and restrictions on
                                                               transfer referred to in Sections 5 and 6 of this Plan, will be
                                                               subject to further restrictions on transfer.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">9.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Adjustments.
                                                                                            </B></FONT><FONT STYLE="color: Black">The
                                                                                            Board shall make or provide for such
                                                                                            adjustments in the numbers of Shares
                                                                                            covered by outstanding Option Rights
                                                                                            granted hereunder, in the Option Price,
                                                                                            and in the kind of shares covered
                                                                                            thereby<FONT STYLE="text-underline-style: double">
                                                                                            and such other amendments to the terms
                                                                                            of any outstanding awards granted
                                                                                            hereunder</FONT>, as the Board, in
                                                                                            its sole discretion, exercised in
                                                                                            good faith, may determine is equitably
                                                                                            required<FONT STYLE="text-underline-style: double">
                                                                                            or appropriate</FONT> to prevent dilution
                                                                                            or enlargement of the rights of Participants
                                                                                            that otherwise would result from (a)
                                                                                            any stock dividend, stock split, combination
                                                                                            of shares, recapitalization or other
                                                                                            change in the capital structure of
                                                                                            the Company, (b) any merger, consolidation,
                                                                                            spin-off, split-off, spin-out, split-up,
                                                                                            reorganization, partial or complete
                                                                                            liquidation or other distribution
                                                                                            of assets, issuance of rights or warrants
                                                                                            to purchase securities, or (c) any
                                                                                            other corporate transaction or event
                                                                                            having an effect similar to any of
                                                                                            the foregoing. Moreover, in the event
                                                                                            of any such transaction or event,
                                                                                            the Board, in its discretion, may
                                                                                            provide in substitution for any or
                                                                                            all outstanding awards under this
                                                                                            Plan such alternative consideration
                                                                                            as it, in good faith, may determine
                                                                                            to be equitable in the circumstances
                                                                                            and may require in connection therewith
                                                                                            the surrender of all awards so replaced.
                                                                                            The Board shall also make or provide
                                                                                            for such adjustments in the number
                                                                                            of Shares specified in Section 3 of
                                                                                            this Plan as the Board in its sole
                                                                                            discretion, exercised in good faith,
                                                                                            may determine is appropriate to reflect
                                                                                            any transaction or event described
                                                                                            in this Section 9.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">10.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Fractional
                                                           Shares.</B></FONT><FONT STYLE="color: Black"> The Company shall not
                                                           be required to issue any fractional Shares pursuant to this Plan. The
                                                           Board may provide for the elimination of fractions or for the settlement
                                                           of fractions in cash.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">11.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Withholding
                                                           Taxes.</B></FONT><FONT STYLE="color: Black"> To the extent that the
                                                           Company is required to withhold PRC or other taxes in connection with
                                                           any payment made or benefit realized by a Participant or other person
                                                           under this Plan, and the amounts available to the Company for such
                                                           withholding are insufficient, it will be a condition to the receipt
                                                           of such payment or the realization of such benefit that the Participant
                                                           or such other person make arrangements satisfactory to the Company
                                                           for payment of the balance of such taxes required to be withheld, which
                                                           arrangements (in the discretion of the Board) may include relinquishment
                                                           of a portion of such benefit.</FONT></TD></TR></TABLE>

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


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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-weight: normal; color: Black">12.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>Multiple
                                                                                                                                                Jurisdictions.
                                                                                                                                                </B>In
                                                                                                                                                order
                                                                                                                                                to
                                                                                                                                                facilitate
                                                                                                                                                the
                                                                                                                                                making
                                                                                                                                                of
                                                                                                                                                any
                                                                                                                                                grant
                                                                                                                                                under
                                                                                                                                                this
                                                                                                                                                Plan,
                                                                                                                                                the
                                                                                                                                                Board
                                                                                                                                                may
                                                                                                                                                provide
                                                                                                                                                for
                                                                                                                                                such
                                                                                                                                                special
                                                                                                                                                terms
                                                                                                                                                for
                                                                                                                                                awards
                                                                                                                                                to
                                                                                                                                                Participants
                                                                                                                                                who
                                                                                                                                                are
                                                                                                                                                employed
                                                                                                                                                by
                                                                                                                                                the
                                                                                                                                                Company
                                                                                                                                                or
                                                                                                                                                any
                                                                                                                                                of
                                                                                                                                                its
                                                                                                                                                Subsidiaries
                                                                                                                                                in
                                                                                                                                                any
                                                                                                                                                particular
                                                                                                                                                jurisdiction
                                                                                                                                                other
                                                                                                                                                than
                                                                                                                                                the
                                                                                                                                                PRC,
                                                                                                                                                or
                                                                                                                                                who
                                                                                                                                                are
                                                                                                                                                nationals
                                                                                                                                                of
                                                                                                                                                any
                                                                                                                                                particular
                                                                                                                                                jurisdiction
                                                                                                                                                other
                                                                                                                                                than
                                                                                                                                                the
                                                                                                                                                PRC,
                                                                                                                                                as
                                                                                                                                                the
                                                                                                                                                Board
                                                                                                                                                may
                                                                                                                                                consider
                                                                                                                                                necessary
                                                                                                                                                or
                                                                                                                                                appropriate
                                                                                                                                                to
                                                                                                                                                accommodate
                                                                                                                                                differences
                                                                                                                                                in
                                                                                                                                                local
                                                                                                                                                law,
                                                                                                                                                tax
                                                                                                                                                policy
                                                                                                                                                or
                                                                                                                                                custom.
                                                                                                                                                In
                                                                                                                                                addition,
                                                                                                                                                the
                                                                                                                                                Board
                                                                                                                                                may
                                                                                                                                                approve
                                                                                                                                                such
                                                                                                                                                supplements
                                                                                                                                                to
                                                                                                                                                or
                                                                                                                                                restatements
                                                                                                                                                or
                                                                                                                                                alternative
                                                                                                                                                versions
                                                                                                                                                of
                                                                                                                                                this
                                                                                                                                                Plan,
                                                                                                                                                including,
                                                                                                                                                without
                                                                                                                                                limitation,
                                                                                                                                                a
                                                                                                                                                sub-plan
                                                                                                                                                to
                                                                                                                                                this
                                                                                                                                                Plan,
                                                                                                                                                as
                                                                                                                                                it
                                                                                                                                                may
                                                                                                                                                consider
                                                                                                                                                necessary
                                                                                                                                                or
                                                                                                                                                appropriate
                                                                                                                                                for
                                                                                                                                                such
                                                                                                                                                purposes,
                                                                                                                                                without
                                                                                                                                                thereby
                                                                                                                                                affecting
                                                                                                                                                the
                                                                                                                                                terms
                                                                                                                                                of
                                                                                                                                                this
                                                                                                                                                Plan
                                                                                                                                                as
                                                                                                                                                in
                                                                                                                                                effect
                                                                                                                                                for
                                                                                                                                                any
                                                                                                                                                other
                                                                                                                                                purpose,
                                                                                                                                                and
                                                                                                                                                the
                                                                                                                                                Company
                                                                                                                                                Secretary
                                                                                                                                                or
                                                                                                                                                other
                                                                                                                                                appropriate
                                                                                                                                                officer
                                                                                                                                                of
                                                                                                                                                the
                                                                                                                                                Company
                                                                                                                                                may
                                                                                                                                                certify
                                                                                                                                                any
                                                                                                                                                such
                                                                                                                                                document
                                                                                                                                                as
                                                                                                                                                having
                                                                                                                                                been
                                                                                                                                                approved
                                                                                                                                                and
                                                                                                                                                adopted
                                                                                                                                                in
                                                                                                                                                the
                                                                                                                                                same
                                                                                                                                                manner
                                                                                                                                                as
                                                                                                                                                this
                                                                                                                                                Plan.
                                                                                                                                                No
                                                                                                                                                such
                                                                                                                                                special
                                                                                                                                                terms,
                                                                                                                                                supplements
                                                                                                                                                or
                                                                                                                                                restatements,
                                                                                                                                                however,
                                                                                                                                                shall
                                                                                                                                                include
                                                                                                                                                any
                                                                                                                                                provisions
                                                                                                                                                that
                                                                                                                                                are
                                                                                                                                                inconsistent
                                                                                                                                                with
                                                                                                                                                the
                                                                                                                                                terms
                                                                                                                                                of
                                                                                                                                                this
                                                                                                                                                Plan
                                                                                                                                                as
                                                                                                                                                then
                                                                                                                                                in
                                                                                                                                                effect
                                                                                                                                                unless
                                                                                                                                                this
                                                                                                                                                Plan
                                                                                                                                                could
                                                                                                                                                have
                                                                                                                                                been
                                                                                                                                                amended
                                                                                                                                                to
                                                                                                                                                eliminate
                                                                                                                                                such
                                                                                                                                                inconsistency
                                                                                                                                                without
                                                                                                                                                further
                                                                                                                                                approval
                                                                                                                                                by
                                                                                                                                                the
                                                                                                                                                shareholders
                                                                                                                                                of
                                                                                                                                                the
                                                                                                                                                Company.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">13.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black"><B>Administration
                                                           of the Plan.</B></FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(a)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">This
                                                               Plan will be administered by the Board, which may from time to
                                                               time delegate all or any part of its authority under this Plan
                                                               to the Compensation Committee of the Board (or a subcommittee thereof),
                                                               as constituted from time to time. A majority of the committee (or
                                                               subcommittee) will constitute a quorum, and the action of the members
                                                               of the committee (or subcommittee) present at any meeting at which
                                                               a quorum is present, or acts unanimously approved in writing, will
                                                               be the acts of the committee (or subcommittee). To the extent of
                                                               any such delegation, references in this Plan to the Board will
                                                               be deemed to be references to such committee or subcommittee.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(b)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
                                                               interpretation and construction by the Board of any provision of
                                                               this Plan or of any agreement, notification or document evidencing
                                                               the grant of Option Rights, Restricted Shares or Restricted Share
                                                               Units and any determination by the Board pursuant to any provision
                                                               of this Plan or of any such agreement, notification or document
                                                               will be final and conclusive. No member of the Board will be liable
                                                               for any such action or determination made in good faith.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="font-weight: normal; color: Black">14.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">Amendments,
                                                                                                    Etc.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(a)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
                                                               Board may at any time and from time to time amend the Plan in whole
                                                               or in part; <U>provided</U>, <U>however</U>, that any amendment
                                                               which must be approved by the shareholders of the Company in order
                                                               to comply with applicable law or the rules of the NASDAQ Global
                                                               Market or, if the Shares are not quoted on the NASDAQ Global Market,
                                                               the principal national securities exchange upon which the Shares
                                                               are traded or quoted (&ldquo;Applicable Law&rdquo;), will not be
                                                               effective unless and until such approval has been obtained. Nothing
                                                               herein shall be construed to limit the Company&rsquo;s authority
                                                               to offer similar or dissimilar benefits under other plans or otherwise
                                                               with or without further shareholder approval.</FONT></TD></TR></TABLE>

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


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif"><TR><TD STYLE="text-align: center; width: 100%">&nbsp;</TD></TR></TABLE></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify; text-indent: -0.5in"><FONT STYLE="color: Black">&nbsp;</FONT></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(b)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
                                                               Board also may permit Participants to elect to defer the issuance
                                                               of Shares or the settlement of awards in cash under the Plan pursuant
                                                               to such rules, procedures or programs as it may establish for purposes
                                                               of this Plan. The Board also may provide that deferred issuances
                                                               and settlements include the payment or crediting of dividend equivalents
                                                               or interest on the deferral amounts.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(c)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">The
                                                               Board may condition the grant of any award or combination of awards
                                                               authorized under this Plan on the surrender or deferral by the
                                                               Participant of his or her right to receive a cash bonus or other
                                                               compensation otherwise payable by the Company or a Subsidiary to
                                                               the Participant.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(d)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">In case
                                                               of termination of employment by reason of death, disability or
                                                               normal or early retirement, or in the case of hardship or other
                                                               special circumstances, of a Participant who holds an Option Right
                                                               not immediately exercisable in full, or any Restricted Shares as
                                                               to which the risk of forfeiture or the prohibition or restriction
                                                               on transfer has not lapsed, or any Restricted Share Units as to
                                                               which the Restriction Period has not been completed, or who holds
                                                               Shares subject to any transfer restriction imposed pursuant to
                                                               Section 8(b) of this Plan, the Board may, in its sole discretion,
                                                               accelerate the time at which such Option Right may be exercised
                                                               or the time at which such risk of forfeiture or prohibition or
                                                               restriction on transfer will lapse or the time when such Restriction
                                                               Period will end or the time when such transfer restriction will
                                                               terminate or may waive any other limitation or requirement under
                                                               any such award.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(e)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">This
                                                               Plan shall not confer upon any Participant any right with respect
                                                               to employment or other service with the Company or any Subsidiary
                                                               (including, without limitation, continuation of employment), nor
                                                               shall it interfere in any way with any right the Company or any
                                                               Subsidiary would otherwise have to terminate such Participant&rsquo;s
                                                               employment or other service at any time, with or without cause.
                                                               The terms of employment of an employee shall not be affected by
                                                               the execution of this Plan. Awards granted under this Plan shall
                                                               not form a part of the terms of employment of an employee or entitle
                                                               such employee to take into account awards granted under this Plan
                                                               when calculating any compensation or damages upon the termination
                                                               of such employee&rsquo;s employment for any reason.</FONT></TD></TR></TABLE>

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

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">(f)</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="color: Black">This Plan shall be effective immediately
                                                               upon its adoption by the Board; provided, however, that this Plan
                                                               will be subject to approval by the shareholders of the Company
                                                               within 12 months after the date this Plan is adopted by the Board,
                                                               which shareholder approval will be obtained in the manner and to
                                                               the degree required under Applicable Law. Any Option Rights intended
                                                               to be granted as incentive stock options under this Plan shall
                                                               be deemed nonstatutory stock options or nonqualified stock options
                                                               if the Plan is not approved by the shareholders within such 12-month
                                                               period.</FONT></TD></TR></TABLE>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">15.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Governing
                                                           Law.</B></FONT><FONT STYLE="color: Black"> The Plan and all grants
                                                           and awards and actions taken thereunder shall be governed by and construed
                                                           in accordance with the internal substantive laws of the Cayman Islands.</FONT></TD></TR></TABLE>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">16.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Compliance
                                                           with Law.</B></FONT><FONT STYLE="color: Black"> The grant of awards
                                                           and the issuance of Shares in connection with such awards under this
                                                           Plan shall be subject to compliance with all applicable requirements
                                                           of the laws of the PRC, the laws of the Cayman Islands, and United
                                                           States federal and state law<B> </B>with respect to such securities.
                                                           Option Rights may not be exercised and Restricted Share Units may not
                                                           be paid out if the issuance of Shares would constitute a violation
                                                           of any such applicable or other laws or regulations or the requirements
                                                           of any stock exchange or market system upon which the Shares may then
                                                           be listed. In addition, no Option Rights may be exercised and no Restricted
                                                           Share Units may be paid out unless (a) a registration statement under
                                                           the United States Securities Act of 1933, as amended (the &ldquo;Securities
                                                           Act&rdquo;), shall at the time of exercise of the Option Rights or
                                                           the payment of the Restricted Share Units be in effect with respect
                                                           to the shares issuable upon exercise of the Option Rights or the payment
                                                           of the Restricted Share Units or (b) in the opinion of legal counsel
                                                           to the Company, the shares issuable upon exercise of the Option Rights
                                                           or payment of the Restricted Share Units may be issued in accordance
                                                           with the terms of an applicable exemption or exception from the registration
                                                           requirements of the Securities Act. The inability of the Company to
                                                           obtain from any regulatory body having jurisdiction the authority,
                                                           if any, deemed by the Company&rsquo;s legal counsel to be necessary
                                                           to the lawful issuance and sale of any Shares hereunder shall relieve
                                                           the Company of any liability in respect of the failure to issue or
                                                           sell such shares as to which such requisite authority shall not have
                                                           been obtained. As a condition to the exercise of any Option Rights
                                                           or payment of Restricted Share Units, the Company may require the Participant
                                                           to satisfy any qualifications that may be necessary or appropriate,
                                                           to evidence compliance with any applicable law or regulation and to
                                                           make any representation or warranty with respect thereto as may be
                                                           requested by the Company.</FONT></TD></TR></TABLE>

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

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in"><FONT STYLE="color: Black">17.</FONT></TD><TD STYLE="text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; color: Black"><B>Termination.
                                                           </B></FONT><FONT STYLE="color: Black">No grant will be made under this
                                                           Plan after a term of ten (10) years after the effectiveness of the
                                                           Plan as provided in Section 14(f), but all grants made on or prior
                                                           to such date will continue in effect thereafter subject to the terms
                                                           thereof and of this Plan.</FONT></TD></TR></TABLE>

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<SEQUENCE>3
<FILENAME>v354946_ex5-1.htm
<DESCRIPTION>EXHIBIT 5.1
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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    <TD STYLE="width: 14%; font-weight: bold">Our Ref</TD>
    <TD STYLE="width: 86%; font-weight: bold"><FONT STYLE="font-weight: normal">RDS/613112-000001/6032699v1</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">Direct tel</TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-weight: normal">+852 2971 3046</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-weight: bold">Email</TD>
    <TD STYLE="font-weight: bold"><FONT STYLE="font-weight: normal">richard.spooner@maplesandcalder.com</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>&nbsp;</B></P>

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        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Actions Semiconductor Co., Ltd</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">No. 1, Ke Ji&nbsp;Si Road, Technology Innovation
        Coast of Hi-Tech Zone</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">Zhuhai, Guangdong, 519085</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">People&rsquo;s Republic of China</P></TD>
    <TD STYLE="width: 43%; font-size: 10pt; text-align: left">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">13 September 2013</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">Dear Sirs</P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><B>Actions Semiconductor Co., Ltd</B></P>

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

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">We have examined the Registration Statement
on Form S-8 to be filed by Actions Semiconductor Co., Ltd., a Cayman Islands exempted company incorporated with limited liability
(the &ldquo;<B>Company</B>&rdquo;), with the Securities and Exchange Commission (the &ldquo;<B>Registration Statement&rdquo;</B>),
relating to the registration under the Securities Act of 1933, as amended, of an aggregate amount of 12,000,000 Ordinary Shares
of par value US$0.000001 per share in the capital of the Company (the &ldquo;<B>Shares</B>&rdquo;) for issuance pursuant to its
Third Amended and Restated 2007 Equity Performance and Incentive Plan as approved by the Board of Directors of the Company on 1
April 2013 and by the shareholders of the Company on 7 May 2013 (the &quot;<B>Plan</B>&quot;).</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">As Cayman Islands counsel to the Company,
we have examined the corporate authorisations of the Company in connection with the Plan and the issue of the Shares by the Company
and have assumed that the Shares will be issued in accordance with the Plan and the resolutions authorising their issue.</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">It is our opinion that the Shares to be
issued by the Company have been duly and validly authorised, and when issued, sold and paid for in the manner described in the
Plan and in accordance with the resolutions adopted by the Board of Directors of the Company (or any committee to whom the Board
of Directors have delegated their powers with respect to administration of the Plan) and when appropriate entries have been made
in the Register of Members of the Company, will be legally issued and credited as fully paid and non-assessable (meaning that no
further sums are payable to the Company with respect to the holding of such Shares).</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">This opinion is subject to the qualification
that under the Companies Law (2012 Revision) of the Cayman Islands, the register of members of a Cayman Islands company is by statute
regarded as <I>prima facie</I> evidence of any matters which the Companies Law (2012 Revision) directs or authorises to be inserted
therein. An entry in the register of members may yield to a court order for rectification (for example, in the event of fraud or
manifest error).</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">We consent to the use of this opinion as
an exhibit to the Registration Statement and further consent to all references to us in the Registration Statement and any amendments
thereto. In giving such consent, we do not consider that we are &ldquo;experts&rdquo; within the meaning of such term as used in
the Securities Act of 1933, as amended, or the rules and regulations of the Securities and Exchange Commission issued thereunder,
with respect to any part of the Registration Statement, including this opinion as an exhibit or otherwise.</P>

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


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

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


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<DESCRIPTION>EXHIBIT 23.1
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<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>CONSENT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">We consent to the incorporation
by reference in this Registration Statement on Form S-8 of our reports <FONT STYLE="color: black">dated April 25, 2013, </FONT>relating
to the consolidated financial statements and related financial statement schedules of Actions Semiconductor Co., Ltd. and the
effectiveness of Actions Semiconductor Co., Ltd.'s internal control over financial reporting<FONT STYLE="color: black">, appearing
</FONT>in the Annual Report on Form 20-F of Actions Semiconductor Co., Ltd. for the year ended December 31, 2012<FONT STYLE="color: black">.
</FONT></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">/s/ Deloitte Touche Tohmatsu</FONT></P>

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt"><B>Deloitte Touche Tohmatsu</B></FONT></P>

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

<P STYLE="font: 12pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><FONT STYLE="font-size: 10pt">September
13, 2013</FONT></P>

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



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