Common use of 03Capitalization Clause in Contracts

03Capitalization. (a) As of the date of this Agreement, the authorized share capital of the Company consists of (i) 200,000,000 Class A Shares, (ii) 4,700,000,000 Class B Shares, and (iii) 100,000,000 shares of a par value of US$0.0001 each of such class or classes (however designated) as the Board may determine in accordance with our Memorandum and Articles. As of the date of this Agreement, (i) 86,383,174 Class A Shares are issued and outstanding, (ii) (A) 33,304,410 Class B Shares are issued pursuant to share-based compensation awards granted under the 2017 Equity Incentive Plan of the Company and the 2021 Equity Incentive Plan of the Company and (B) 613,185,365 Class B Shares are issued and outstanding. All outstanding Ordinary Shares are, and all such shares that may be issued prior to the date hereof will be, when issued, duly authorized, validly issued, fully paid and non-assessable. (b) All of the issued equity securities of each Subsidiary of the Company are validly issued, fully paid and non-assessable, and were issued in compliance with the applicable registration and qualification requirements of Applicable Laws.

03Capitalization. (a) As of the date of this Agreement, the authorized share capital of the Company consists of (i) 200,000,000 Class A Shares, (ii) 4,700,000,000 Class B Shares, and (iii) 100,000,000 shares of a par value of US$0.0001 each of such class or classes (however designated) as the Board may determine in accordance with our Memorandum and Articles. As of the date of this Agreement, (i) 86,383,174 Class A Shares are issued and outstanding, (ii) (A) 33,304,410 Class B Shares are issued pursuant to share-based compensation awards granted under the 2017 Equity Incentive Plan of the Company and the 2021 Equity Incentive Plan of the Company and (B) 613,185,365 Class B Shares are issued and outstanding. All outstanding Ordinary Shares are, and all such shares that may be issued prior to the date hereof will be, when issued, duly authorized, validly issued, fully paid and non-assessable.. ​ (b) All of the issued equity securities of each Subsidiary of the Company are validly issued, fully paid and non-assessable, and were issued in compliance with the applicable registration and qualification requirements of Applicable Laws.