the Board of Directors to re-delegate the Chairman and its authorized persons to determine to allot, issue and deal with D-shares of up to 10% of the number of the D-shares in issue of the Company, or securities, share options, warrants, or the similar rights which may be converted into such shares to subscribe for the D-shares of the Company (hereinafter referred to as the "Similar Rights", and the above-mentioned authorization is hereinafter referred to as the "General Mandate"). The specific authorization is as follows: I. To generally and unconditionally authorize the Board of Directors to re-delegate the Chairman and its authorized persons to determine to allot, issue and deal with the D-Shares or Similar Rights, and to determine the terms and conditions for allotment, issuance and disposal of new shares or issue Similar Rights, including but not limited to: 1. Class and number of new shares to be issued; 2. Pricing mechanism and/or issue price of the new shares to be issued (including price range); 3. The starting and closing dates of such issue; II. The number of the D-shares (excluding the shares issued by way of the conversion of public reserve into share capital) to be allotted, issued and dealt with (whether pursuant to an option or otherwise) by the Board of Directors or the Chairman and its authorized persons in accordance with the General Mandate referred to in the first paragraph above shall not exceed 10% of the number of the D-shares in issue of the Company at the time when this resolution is considered and passed at the General Meeting of the Company. III. To authorize the Board of Directors or the Chairman and its authorized persons to obtain approvals from all relevant government departments and/or regulatory authorities (if applicable) in accordance with the applicable laws to exercise the General Mandate. IV. To authorize the Board of Directors or the Chairman and its authorized persons to approve, execute, modify and do or procure to be executed and done, all such documents, deeds and things as it may consider necessary in connection with the allotment, issuance and disposal of any new shares under the abovementioned General Mandate, handle the necessary procedures and take other necessary actions. V. Where the Board of Directors or the Chairman and its authorized persons have, during the effective period of the General Mandate, determined to allot, issue and deal with the D-shares or Similar Rights, and the Company also has, during the effective period of the General Mandate, obtained the relevant approval, permission from, or registration (if applicable) with the regulatory authorities, and the Board of Directors of the Company or the Chairman and its authorized persons may, during the effective period of such approval, permission or registration, complete the relevant allotment, issuance and disposal of such shares. VI. To authorize the Board of Directors or the Chairman and its authorized persons to increase the registered capital of the Company and make appropriate and necessary amendments to the Articles of Association of the Company in accordance with the way, type and number of the allotment and issuance of new shares of the Company and the actual shareholding structure of the Company upon completion of the allotment and issuance of new shares. VII. The effective period of the General Mandate shall be from the passing of this proposal to the following date, whichever is earlier: 1. The date of the conclusion of the 2021 annual general meeting of the Company; 2. At the time of passing a proposal at any General Meeting to revoke or vary the mandate under this resolution. This resolution is subject to the submission to the 2020 Annual General Meeting for consideration and approval. XVII. Resolution on Proposing the General Meeting to Grant the General Mandate to the Board of Directors to Repurchase not more than 10% of the Total Number of H-shares of the Company in Issue (Voting results: For 12, Against 0, Abstain 0) The Company convened the 2021 First Extraordinary General Meeting, the First A-shares Class Meeting of 2021, the First D-shares Class Meeting of 2021 and the First H-shares Class Meeting of 2021 on 5 March 2021, which considered and approved the Resolution on the General Mandate to Repurchase H-shares after the Listing by way of Introduction. It approved to authorize the Board of Directors of the Company to repurchase H-shares subject to the Articles of Association and the relevant laws, regulations and rules of the place where the securities of the Company are listed. The number of H-shares proposed to be repurchased shall not exceed 10% of the total number of H-shares of the Company in issue as at the date of the passing of this resolution at the general meeting and class meetings. It is expected that the total repurchase amount within one year from the effective date of the authorization will be no less than HKD1.0 billion. Such authorization shall lapse upon the conclusion of the 2020 Annual General Meeting of the Company. In order to strengthen the market value management of the Company and meet the needs of the Company's operation, in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Hong Kong Listing Rules") and the Articles of Association and based on the current operation and financial conditions and the development prospects of the Company, the Board of Directors intends to propose at the general meeting and the class meeting of the Company to authorize the Board of Directors the general mandate to repurchase certain H-shares of the Company in issue. The specific authorization is as follows: I. To authorize the Board of Directors during the effective period of the general mandate to exercise the rights of the Company to repurchase H-shares of the Company in issue and listed on the Hong Kong Stock Exchange in accordance with the regulations of the domestic competent securities authorities or regulatory authorities and applicable laws, regulation and/or rules on the Hong Kong Stock Exchange and the Shanghai Stock Exchange; II. The aggregate nominal amount of H-shares of the Company authorized to be repurchased by the Board of Directors pursuant to the approval mentioned above during the effective period of the general mandate shall not exceed 10% of the number of H-shares of the Company in issue as at the date of the consideration and passing of this resolution at the general meeting, the A-shares, D-shares and H-shares Class Meetings of the Company, respectively; The effective period of the general mandate to repurchase H-shares mentioned above shall be from the passing of this resolution at the general meeting and class meetings to the following date, whichever is earlier: 1. the date of conclusion of the 2021 annual general meeting of the Company; 2. at the time of passing a resolution at any general meeting to revoke or vary the mandate under this resolution. Meanwhile, the Board of Directors proposes to the general meeting to authorize the Board of Directors or the Chairman and its authorized persons to take all necessary acts as they consider necessary to execute, complete and deliver all documents as they consider necessary to implement the authorization mentioned in this resolution, including but not limited to: (i) formulate and implement the specific repurchase plans, including but not limited to repurchase price and number of repurchased shares, and determine the time and duration of repurchase, etc.; (ii) notify creditors and issue announcements in accordance with the requirements of the Company Law of the People's Republic of China and other relevant laws, regulations, normative documents and the Articles of Association (if necessary); (iii) open overseas share accounts and carry out the related changes of foreign exchange registration procedures (if necessary); (iv) carry out the relevant approval and filing procedures as required by regulatory authorities and the stock exchanges in the place where the shares of the Company are listed (if necessary); (v) carry out, execute and implement all such documents, do all such acts and things or take any steps as they consider desirable, necessary or expedient in connection with and to give effect to the repurchase of shares in accordance with the requirements of relevant laws and regulations and the listing rules of the stock exchanges in the place where the shares of the Company are listed; (vi) carry out the cancellation procedures for repurchased shares, reduce the registered capital, and make amendments which it deems appropriate to the Articles of Association of the Company to reflect the relevant provisions such as the total share capital and shareholding structure of the Company, and carry out the relevant statutory registrations and filings procedures at home and abroad; (vii) execute and handle other documents and matters related to the repurchase of shares. This resolution is subject to the submission to the 2020 Annual General Meeting and the Second A-shares / D-shares / H-shares Class Meetings of 2021 for consideration. XVIII. Resolution on Proposing the General Meeting to Grant the General Mandate to the Board of Directors to Repurchase not more than 10% of the Total Number of D-shares of the Company in Issue (Voting results: For 12, Against 0, Abstain 0) In order to strengthen the market value management of the Company and meet the needs of the Company's operation, in accordance with the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the EU Market Abuse Regulation and relevant EU regulations on securities issuance and trading (collectively, the "Relevant Listing Regulations") and the Articles of Association and based on the current operation and financial conditions and the development prospects of the Company, the Board of Directors intends to propose at the general
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