Common use of Authorization of Deposit Agreement Clause in Contracts

Authorization of Deposit Agreement. The Deposit Agreement has been duly authorized, and when executed and delivered by the Company, and assuming due authorization, execution and delivery by the Depositary, constitute a valid and legally binding obligation of the Company, enforceable in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles; upon due issuance by the Depositary of the ADRs evidencing the Offered ADSs against the deposit of the Underlying Shares in respect thereof in accordance with the provisions of the Deposit Agreement, such Offered ADSs and ADRs will be duly and validly issued, and the persons in whose names the Offered ADSs and ADRs are registered will be entitled to the rights specified therein, respectively, and in the Deposit Agreement; and the Deposit Agreement and the ADRs conform in all material respects to the descriptions thereof contained in the Registration Statement and the General Disclosure Package.

Authorization of Deposit Agreement. The Deposit Agreement has been duly authorized, and when executed and delivered by the CompanyCompany and, and assuming due authorization, execution and delivery by the Depositary, constitute constitutes a valid and legally binding obligation of the Company, enforceable against the Company in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles; upon due issuance by the Depositary of the ADRs evidencing the Offered ADSs Securities against the deposit of the Underlying Offered Shares in respect thereof in accordance with the provisions of the Deposit Agreement, such Offered ADSs and ADRs will be duly and validly issued, issued and the persons in whose names the Offered ADSs and ADRs are registered will be entitled to the rights specified therein, respectively, therein and in the Deposit Agreement; and the Deposit Agreement and the ADRs conform in all material respects to the descriptions thereof contained in the Registration Statement General Disclosure Package and the General Disclosure PackageFinal Prospectus.

Authorization of Deposit Agreement. The Deposit Agreement has been duly authorized, and when executed and delivered by the Company, ; and assuming due authorization, execution and delivery by the Depositary, constitute constitutes a valid and legally binding obligation agreement of the Company, enforceable in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, reorganization, moratorium reorganization and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles; , and upon due issuance by the Depositary of the ADRs evidencing the Offered ADSs against the deposit of the Underlying Ordinary Shares in respect thereof of the Placement ADSs in accordance with the provisions of the Deposit Agreement, the Placement ADSs, when issued, will be validly issued and fully paid, and upon issuance by the Depositary of the Placement ADSs, such Offered ADSs and ADRs will be duly and validly issued, issued and the persons in whose names the Offered ADSs and ADRs are registered will be entitled to the rights specified therein, respectively, therein and in the Deposit Agreement; and the Deposit Agreement and the ADRs Placement ADSs conform in all material respects to the descriptions thereof contained in the Registration Statement and the General Disclosure Package.Prospectus;

Authorization of Deposit Agreement. The Deposit Agreement has been duly authorized, and when executed and delivered by the Company, and assuming due authorization, execution and delivery by the Depositary, constitute constitutes a valid and legally binding obligation of the Company, enforceable in accordance with its terms, subject, as to enforceability, to bankruptcy, insolvency, reorganization, moratorium and similar laws of general applicability relating to or affecting creditors’ rights and to general equity principles; upon due issuance by the Depositary of the ADRs evidencing the Offered ADSs against the deposit of the Underlying underlying Shares in respect thereof in accordance with the provisions of the Deposit Agreement, such Offered ADSs and ADRs will be duly and validly issued, and the persons in whose names the Offered ADSs and ADRs are registered will be entitled to the rights specified therein, respectively, and in the Deposit Agreement; and the Deposit Agreement and the ADRs conform in all material respects to the descriptions thereof contained in the Registration Statement and Statement, the General Disclosure PackagePackage and the Prospectus.