Proposal One: RESOLVED as an ordinary resolution that the authorized share capital of the Company be and is hereby increased from US$19,800,000 divided into 2,000,000,000 Class A ordinary shares of par value US$0.009 each (the “Class A Ordinary Shares”) and 200,000,000 Class B ordinary shares of par value US$0.009 each (the “Class B Ordinary Shares”) by the creation of additional 48,000,000,000 Class A Ordinary Shares and additional 4,800,000,000 Class B Ordinary Share to US$495,000,000 divided into 50,000,000,000 Class A Ordinary Shares of US$0.009 each and 5,000,000,000 Class B Ordinary Shares of par value US$0.009 each (the “Increase of Authorised Share Capital”).

Proposal Two: RESOLVED as a special resolution that the following proposed amendments to the existing second amended and restated memorandum and articles of association of the Company be and hereby are approved:

Proposal Three: RESOLVED as a special resolution that, subject to and conditional upon the approval for Proposals One and Two above, the third amended and restated memorandum and articles of association of the Company (the “Amended M&A”) be approved and adopted with immediate effect, in substitution for, and to the exclusion of, the existing second amended and restated memorandum and articles of association of the Company.

Proposal Four: RESOLVED as an ordinary resolution that, subject to and conditional upon the approval for Proposal One to Proposal Three above, any one or more of the directors and officers of the Company be and is hereby authorized to do all such acts and things and execute and deliver all such documents, which are ancillary to the Increase of Authorised Share Capital, the Proposed Amendments and the adoption of the Amended M&A, including but not limited to, making any relevant registrations and filings with any authorities in accordance with the applicable laws, rules and regulations, as any of them considers necessary, desirable or expedient to give effect to the foregoing resolutions; the registered office service provider of the Company be instructed to make all necessary filings with the Registrar of Companies of the Cayman Islands in connection with the Increase of Authorised Share Capital, the Proposed Amendments, the adoption of the Amended M&A, and the passing of the foregoing resolutions; and the Company’s transfer agent be instructed to update the shareholder lists of the Company and that upon the surrender to the Company of the existing share certificates (if any) that they be cancelled and that any director of the Company be instructed to prepare, sign, seal and deliver on behalf of the Company new share certificates accordingly.

Proposal Five: RESOLVED as ordinary resolutions that,

the Board be authorized to do all such acts and things and execute all such documents, including under seal where applicable, as the Board considers necessary or desirable to give effect to the Share Consolidation(s) and the transactions contemplated thereby, including fixing the exact ratio within the Range and the exact effective date of the Share Consolidation(s) and instructing the registered office service provider and/or the transfer agent of the Company (as the case may be) to complete the necessary corporate records and filings to reflect the Share Consolidation(s).

Proposal Six: RESOLVED as an ordinary resolution that, the chairman of the EGM be and hereby is authorized to adjourn the EGM to a later date or dates, if necessary, to permit further solicitation and vote of proxies if, based upon the tabulated vote at the time of the EGM, there are not sufficient votes to approve Proposal One to Proposal Five above.