What shall be noted when signing the Equity Transaction Contract?

(1) The Equity Transaction Contract shall include the necessary clauses stipulated in No.3 Code, the transaction conditions announced in the Equity Transaction Announcement and qualification requirements on the transferee and the commitment and guarantee the transferee made in the outcry document;

(2) If the transferee is combined, the Equity Transaction Contract shall explicitly state the acquisition proportion and price of the transferees;

(3) The equity transaction involves the principal qualification review and the anti-trust review. If the transferee’s qualification shall be approved by the relevant authority, the parties shall submit the Equity Transaction Contract and the relevant materials to the relevant authority for approval;

(4) If the equity transfer involves changes of the ownership of the state-owned equity, the relevant review and approval shall be obtained in accordance with the relevant provision after confirming the content of the Equity Transaction Contract.

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