The Offer Shares. 4.1 the Offer Shares to be issued and sold by the Company have been duly authorized and, when issued and delivered against payment therefor as provided in this Agreement or the International Underwriting Agreement, as applicable, will be validly issued and fully paid and non-assessable, free and clear of all Encumbrances and adverse claims and free of any pre-emptive right, resale rights, rights of first refusal or other similar rights;
The Offer Shares. 4.1 the Offer Shares to be issued and sold by the Company have been duly authorized and, when issued and delivered against payment therefor as provided in this Agreement or the Hong Kong Underwriting Agreement, as applicable, will be validly issued and fully paid and non-assessable, free and clear of all Encumbrances and adverse claims and free of any pre-emptive right, resale rights, rights of first refusal or other similar rights;