Conversion and redemption right of ordinary shares

An ordinary share (a series K share) may be converted to a series A share according to the terms of Article 3 of the Articles of Association.

According to Article 4 of the Articles of Association, other shareholders of ordinary shares, i.e. shareholders of the K series, have the right to redeem the ordinary shares which are transferred to a new owner who is not a shareholder of the K series shares.