Securities Registration: Employee Benefit Plan (s-8)
October 19 2018 - 8:57AM
Edgar (US Regulatory)
As filed with the Securities and Exchange
Commission on October 19, 2018
Registration No. 333-
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES
ACT OF 1933
RENREN
INC.
(Exact name of registrant as specified
in its charter)
_______________
Cayman Islands
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Not Applicable
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(State or other jurisdiction of
incorporation or organization)
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(I.R.S. Employer
Identification Number)
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5/F, North Wing
18 Jiuxianqiao Middle Road
Chaoyang District, Beijing, 100016
People’s Republic of China
+86 (10) 8448-1818
(Address, including zip code, and telephone
number, including area code, of registrant’s principal executive offices)
_______________
2018 Share
Incentive Plan
(Full title of the plan)
_______________
Puglisi & Associates
850 Library Avenue, Suite 204
Newark, Delaware 19711
(Name, address, including zip code, and
telephone number, including area code, of agent for service)
_______________
Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions
of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging
growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
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¨
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Accelerated filer
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x
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Non-accelerated filer
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¨
(Do not check if a smaller reporting company)
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Smaller reporting company
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¨
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Emerging growth company
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¨
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If .an emerging growth company,
indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised
financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.
¨
Copies to:
Thomas Jintao Ren
Chief Financial Officer
5/F, North Wing
18 Jiuxianqiao Middle Road
Chaoyang District, Beijing, 100016
People’s Republic of China
+86 10 8448-1818
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Z. Julie Gao, Esq.
Will H. Cai, Esq.
Skadden, Arps, Slate, Meagher & Flom
LLP
c/o 42/F, Edinburgh Tower, The Landmark
15 Queen’s Road Central
Hong Kong
+852 3740-4700
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Calculation
of Registration Fee
Title of Securities to be Registered
(1)
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Amount to be Registered
(2)
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Proposed Maximum
Offering Price Per Share
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Proposed Maximum Aggregate Offering Price
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Amount of Registration
Fee
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Class A Ordinary Shares, par value $0.001 per share
(2)
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86,944,572
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(3)
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$0.10
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(3)
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$8,694,457
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$1,053.77
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Class A Ordinary Shares, par value $0.001 per share
(2)
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20,155,428
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(4)
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$0.10
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(4)
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$2,015,543
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$224.28
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Total
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107,100,000
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(5)
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—
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$10,710,000
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$1,298.05
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(1)
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These shares may be represented by the Registrant’s American Depositary Shares, or ADSs,
each of which represents 15 Class A ordinary shares. The Registrant’s ADSs issuable upon deposit of the Class A ordinary
shares registered hereby have been registered under a separate registration statement on Form F-6 (333-173515).
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(2)
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Pursuant to Rule 416(a) under the Securities Act of 1933, as amended (the “Securities Act”),
this registration statement also covers an indeterminate number of additional shares which may be offered and issued to prevent
dilution from share splits, share dividends or similar transactions as provided in the 2018 Share Incentive Plan (the “Plan”).
Any Class A ordinary shares covered by an award granted under the Plan (or portion of an award) that terminates, expires or lapses
for any reason will be deemed not to have been issued for purposes of determining the maximum aggregate number of Class A ordinary
shares that may be issued under the Plan.
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(3)
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These shares represent Class A ordinary shares issuable upon the vesting of outstanding restricted
shares granted under the Plan and upon exercise of outstanding options granted under the Plan, and the corresponding proposed maximum
offering price per share, which is estimated solely for the purposes of calculating the registration fee under Rule 457(h) and
Rule 457(c) under the Securities Act, is based on $1.51 per ADS, the average of the high and low prices for the Registrant’s
ADSs as quoted on the New York Stock Exchange on October 15, 2018.
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(4)
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These shares represent Class A ordinary shares reserved for future award grants under the Plan,
and the corresponding proposed maximum offering price per share, which is estimated solely for the purposes of calculating the
registration fee under Rule 457(h) and Rule 457(c) under the Securities Act, is based on $1.51 per ADS, the average of the high
and low prices for the Registrant’s ADSs as quoted on the New York Stock Exchange on October 15, 2018.
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(5)
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Any Class A ordinary shares covered by an award granted under the Plan (or portion of an award)
that terminates, expires or lapses for any reason will be deemed not to have been issued for purposes of determining the maximum
aggregate number of Class A ordinary shares that may be issued under the Plan.
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PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
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Item 1.
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Plan Information*
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Item 2.
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Registrant Information and Employee Plan Annual Information*
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* Information
required by Part I to be contained in the Section 10(a) prospectus is omitted from this registration statement in accordance with
Rule 428 under the Securities Act and the Note to Part I of Form S-8. The documents containing information specified in this Part
I will be separately provided to the participants covered by the Plan, as specified by Rule 428(b)(1) under the Securities Act.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
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Item 3.
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Incorporation of Documents by Reference
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The following documents
previously filed by the Registrant with the Securities and Exchange Commission (the “Commission”) are incorporated
by reference herein:
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(a)
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The Registrant’s annual report on Form 20-F for the fiscal year ended December 31, 2017, filed with the Commission on
May 14, 2018; and
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(b)
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The description of the Registrant’s Class A ordinary shares incorporated by reference in the Registrant’s registration
statement on Form 8-A (File No. 001-35147) filed with the Commission on April 19, 2011, including any amendment and report subsequently
filed for the purpose of updating that description.
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All documents subsequently
filed by the Registrant pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934 (the “Exchange
Act”), after the date of this registration statement and prior to the filing of a post-effective amendment to this registration
statement which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold,
shall be deemed to be incorporated by reference in this registration statement and to be part hereof from the date of filing of
such documents. Any statement in a document incorporated or deemed to be incorporated by reference in this registration statement
will be deemed to be modified or superseded to the extent that a statement contained in this registration statement or in any other
later filed document that also is or is deemed to be incorporated by reference modifies or supersedes such statement. Any such
statement so modified or superseded will not be deemed, except as so modified or superseded, to be a part of this registration
statement.
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Item 4.
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Description of Securities
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Not applicable.
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Item 5.
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Interests of Named Experts and Counsel
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Not applicable.
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Item 6.
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Indemnification of Directors and Officers
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Cayman Islands law
does not limit the extent to which a company’s articles of association may provide for indemnification of directors and officers,
except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide
indemnification against civil fraud or the consequences of committing a crime. The Registrant’s currently effective articles
of association provides that the Registrant shall indemnify its directors and officers against all actions, proceedings, costs,
charges, expenses, losses, damages or liabilities incurred by such persons in their capacity as such (“D&O Liabilities”),
except for D&O Liabilities due to such director or officer’s willful misconduct as determined by a competent court or
regulatory body or in the case of an officer who is not a director, by the Company’s board of directors.
Pursuant to the indemnification
agreements that the Registrant has signed with its directors and officers, the form of which was filed as Exhibit 10.5 to the Registrant’s
registration statement on Form F-1, as amended (File No. 333-173548), the Registrant agrees to indemnify its directors and officers
against certain liabilities and expenses incurred by such persons in connection with claims arising from their services as directors
or officers of the Registrant.
Insofar as indemnification
for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling the Registrant
pursuant to the foregoing provisions, the Registrant has been informed that in the opinion of the Commission such indemnification
is against public policy as expressed in the Securities Act and is therefore unenforceable.
The Registrant also
maintains a directors and officers liability insurance policy for its directors and officers.
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Item 7.
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Exemption From Registration Claimed
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Not applicable.
See the Index
to Exhibits attached hereto.
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(a)
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The undersigned Registrant hereby undertakes:
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(1)
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To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
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(i)
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to include any prospectus required by Section 10(a)(3) of the Securities Act;
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(ii)
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to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most
recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information
set forth in this registration statement; and
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(iii)
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to include any material information with respect to the plan of distribution not previously disclosed in the registration statement
or any material change to that information in the registration statement;
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provided,
however
, that paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the information required to be included in a post-effective
amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the Registrant pursuant to
Section 13 or Section 15(d) of the Exchange Act that are incorporated by reference in this registration statement;
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(2)
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That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed
to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time
shall be deemed to be the initial bona fide offering thereof.
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(3)
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To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold
at the termination of the offering.
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(b)
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The undersigned Registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each
filing of the Registrant’s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each
filing of an employee benefit plan’s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by
reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered
therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
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(c)
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Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling
persons of the Registrant pursuant to the foregoing provisions, or otherwise, the Registrant has been advised that in the opinion
of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable.
In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred
or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding)
is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant
will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will
be governed by the final adjudication of such issue.
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SIGNATURES
Pursuant to the requirements
of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements
for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto
duly authorized, in Beijing, the People’s Republic of China, on October 19, 2018.
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Renren Inc.
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By:
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/s/ Joseph Chen
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Name: Joseph Chen
Title: Chairman and Chief Executive Officer
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SIGNATURE
OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES
Pursuant to the Securities
Act of 1933, the undersigned, the duly authorized representative in the United States of Renren Inc. has signed this registration
statement or amendment thereto in Newark, Delaware on October 19, 2018.
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Authorized U.S. Representative
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By:
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/s/ Donald J. Puglisi
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Name: Donald J. Puglisi
Title: Service of Process Officer
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POWER
OF ATTORNEY
KNOW ALL PERSONS BY
THESE PRESENTS, that each person whose signature appears below constitutes and appoints, severally and not jointly, each of Joseph
Chen and Thomas Jintao Ren, with full power to act alone, as his or her true and lawful attorney-in-fact, with the power of substitution,
for and in such person’s name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective
amendments) to this Registration Statement, and to file the same, with all exhibits thereto, and other documents in connection
therewith, with the Securities and Exchange Commission, granting unto each said attorney-in-fact full power and authority to do
and perform each and every act and thing requisite and necessary to be done as fully to all intents and purposes as he or she might
or could do in person, hereby ratifying and confirming all that each said attorney-in-fact may lawfully do or cause to be done
by virtue hereof.
Pursuant to the requirements
of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities
and on the dates indicated.
Signature
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Title
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Date
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/s/ Joseph
Chen
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Chairman and Chief Executive Officer
(principal executive officer)
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October 19, 2018
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Joseph Chen
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/s/ Thomas
Jintao Ren
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Chief Financial Officer
(principal financial and accounting officer)
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October 19, 2018
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Thomas Jintao Ren
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/s/ James
Jian Liu
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Director
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October 19, 2018
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James Jian Liu
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/s/ Hui
Huang
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Director
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October 19, 2018
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Hui Huang
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/s/ Chuanfu
Wang
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Director
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October 19, 2018
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Chuanfu Wang
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/s/ Tianruo
Pu
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Director
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October 19, 2018
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Tianruo Pu
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/s/ Stephen
Elliot Tappin
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Director
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October 19, 2018
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Stephen Elliot Tappin
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EXHIBIT
INDEX
Exhibit Number
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Description
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4.1
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Amended and Restated Memorandum and Articles of Association of the Registrant (incorporated herein by reference to Exhibit 3.2 to the Registrant’s registration statement on Form F-1 (File No. 333-173548), initially filed with the Commission on April 15, 2011)
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4.2
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Registrant’s Specimen Certificate for Class A Ordinary Shares (incorporated herein by reference to Exhibit 4.2 to the Registrant’s registration statement on Form F-1 (File No. 333-173548), initially filed with the Commission on April 15, 2011)
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4.3
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Deposit Agreement, dated as of May 4, 2011, by and among the Registrant, Citibank, N.A., as depositary, and the holders of the American Depositary Receipts (incorporated by reference to Exhibit 4.3 to our Registration Statement on Form S-8 (File No. 333-177366), filed with the SEC on October 18, 2011)
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5.1*
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Opinion of Maples and Calder, Cayman Islands counsel to the Registrant, regarding the legality of the Class A ordinary shares being registered
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10.1*
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2018 Share Incentive Plan
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23.1*
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Consent of Deloitte Touche Tohmatsu Certified Public Accountants LLP
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23.2*
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Consent of Maples and Calder (included in Exhibit 5.1)
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24.1*
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Power of Attorney (included on signature page hereto)
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