Common use of SAFE Compliance Clause in Contracts

SAFE Compliance. Each of the Company and the subsidiaries has taken all necessary steps to comply with any applicable rules and regulations of the State Administration of Foreign Exchange (the “SAFE Rules and Regulations”) of the People’s Republic of China (“PRC”). Each subsidiary of the Company established in the PRC has completed all relevant registration and other procedures required under SAFE Rules and Regulations. The Company has used reasonable efforts to ensure the compliance of current shareholders and beneficial owners of the Company’s securities who are, to the Company’s knowledge, PRC residents or PRC citizens, with all registration and other procedures required under applicable SAFE Rules and Regulations for their ownership interests in the Company.

SAFE Compliance. Each of the Company and the subsidiaries has taken all necessary steps to comply with any applicable rules and regulations of the State Administration of Foreign Exchange (the “SAFE Rules and Regulations”) of the People’s Republic of China (“PRC”). Each subsidiary of the Company established in the PRC has (i) completed all relevant registration and other procedures required under SAFE Rules and Regulations. The Company has Regulations and (ii) used reasonable efforts to ensure the compliance of current shareholders and beneficial owners of the Company’s its securities who are, to the Company’s knowledge, PRC residents or PRC citizens, with all registration and other procedures required under applicable SAFE Rules and Regulations for their ownership interests in the Companyinterests.

SAFE Compliance. Each of the The Company and the subsidiaries has taken all necessary reasonable steps to comply with, and to ensure compliance by all of the Company’s shareholders who are PRC residents or PRC citizens with any applicable rules and regulations of the State Administration of Foreign Exchange (the “SAFE Rules and Regulations”) of the People’s Republic of China (“PRC”). Each subsidiary of the Company established in the , including without limitation, taking reasonable steps to ensure each shareholder that is, or is directly or indirectly owned or controlled by, a PRC has completed all relevant resident or PRC citizen to complete any registration and other procedures required under applicable SAFE Rules and Regulations. The Company has used reasonable efforts to ensure the compliance of All current shareholders and beneficial owners of the Company’s securities Company who are, to the Company’s knowledge, are PRC residents or PRC citizens, citizens have complied with all registration and other procedures required under applicable SAFE Rules and Regulations for their ownership interests in the CompanyRegulations.