Undersubscription; Reallocation. Each of the Hong Kong Underwriters acknowledges and agrees that:
Undersubscription; Reallocation. Each of the Hong Kong Underwriters acknowledges and agrees that: The Global Coordinator has the sole and absolute discretion in the event of a Hong Kong Public Offering Under-Subscription to reallocate any Hong Kong Offer Shares, which have not been applied for pursuant to Accepted Hong Kong Public Offer Applications, from the Hong Kong Public Offering to the International Offering in accordance with the Hong Kong Underwriting Agreement. In such event, the respective Hong Kong Public Offering Underwriting Commitments of the Hong Kong Underwriters may be reduced in such proportion as the Global Coordinator may in its sole and absolute discretion determine. Any Hong Kong Offer Shares which are so reallocated from the Hong Kong Public Offering to the International Offering shall for all purposes (including underwriting commission and expenses) be deemed to be International Offer Shares and will be allocated to increase the Purchase Obligations of the International Underwriters.
