Common use of Sub-underwriting Clause in Contracts

Sub-underwriting. The Hong Kong Underwriters shall be entitled to enter into sub-underwriting arrangements in respect of any part of their respective Hong Kong Underwriting Commitments, provided that no Hong Kong Underwriter shall offer or sell Hong Kong Offer Shares in connection with any such sub-underwriting to any person in respect of whom such offer or sale would be in contravention of applicable Laws and the selling restrictions set out in the Hong Kong Prospectus. All sub-underwriting commission shall be borne by the relevant Hong Kong Underwriter absolutely. For the avoidance of doubt, in the event a sub-underwriter is appointed under this Clause 3.12, such relevant Hong Kong Underwriter shall remain liable for the acts and omissions of the sub-underwriter with whom it has entered into sub-underwriting arrangements, and none of the Warrantors owes any duty or obligations to any of the sub-underwriters so appointed nor any of the representations and warranties set out in Schedule 3 are for the benefit of such sub-underwriter.‌

Sub-underwriting. The Hong Kong Underwriters shall be entitled to enter into sub-underwriting arrangements in respect of any part of their respective Hong Kong Public Offering Underwriting Commitments, provided that no Hong Kong Underwriter shall offer or sell Hong Kong Public Offer Shares in connection with any such sub-underwriting to any person in respect of whom such offer or sale would be in contravention of applicable Laws and the selling restrictions set out in the Hong Kong ProspectusLaws. All sub-sub- underwriting commission shall be borne by the relevant Hong Kong Underwriter absolutelyabsolutely and shall not be for the account of the Company. For The entitlement of the avoidance of doubt, in the event a sub-underwriter is appointed under this Clause 3.12, such relevant Hong Kong Underwriter shall remain liable for the acts and omissions of the sub-underwriter with whom it has entered Underwriters to enter into sub-underwriting arrangementsagreements in respect of any part of their respective commitments under the Hong Kong Public Offering shall not affect any of the obligations of the Hong Kong Underwriters under this Agreement, which shall remain in full force and none effect at all times. Each of the Warrantors owes any no duty or obligations to any of the sub-underwriters so appointed nor any and none of the representations and warranties set out in Schedule 3 are for the benefit of such sub-underwriter.‌underwriter.