UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE
13D
Under the Securities Exchange Act of 1934
(Amendment No. )*
Genetron Holdings Limited
(Name of Issuer)
Ordinary Shares, par value US$0.00002 per share
(Title of Class
of Securities)
37186H100**
(CUSIP Number)
Johnson Huang
25th Floor and 26th Floor, China World Tower
B, No.1 Jian Guo Men Wai Avenue
Beijing 100004, People’s Republic of China
Tel: +86 (10) 6505-1166 |
(Name, Address and
Telephone Number of Person Authorized to Receive Notices and Communications)
October 11, 2023
(Date of Event which
Requires Filing of this Statement)
If the filing
person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(e), Rule 13-d1(f) or Rule 13d-1(g), check the following box. ☒
Note: Schedules
filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
| * | The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover
page. |
| ** | There
is no CUSIP number assigned to the ordinary shares. CUSIP number 37186H100 has been assigned to the American depositary shares (“ADSs”)
of the Issuer, which are quoted on Nasdaq Stock Market under the symbol “GTH.” Each ADS represents five ordinary shares,
par value US$0.00002 per share (“ordinary shares”). On October 11, 2023, the Issuer announced a change of the ratio of its
ADS to ordinary shares from one ADS representing five ordinary shares to one ADS representing fifteen ordinary shares effective on or
about October 26, 2023. |
The information
required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities
Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
China International Capital Corporation Limited |
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
AF |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
People’s Republic of China |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
57,824,500 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
57,824,500 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
57,824,500 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
12.6% |
14. |
TYPE OF REPORTING
PERSON |
CO |
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
CICC Capital Management Co., Ltd. |
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
AF |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
People’s Republic of China |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
57,824,500 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
57,824,500 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
57,824,500 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
12.6% |
14. |
TYPE OF REPORTING
PERSON |
CO |
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
CICC Kangzhi (Ningbo) Equity Investment Management Co., Ltd. |
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
AF |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
People’s Republic of China |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
44,165,500 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
44,165,500 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
44,165,500 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
9.6% |
14. |
TYPE OF REPORTING
PERSON |
CO |
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
CICC Kangrui (No.1) Ningbo Equity Investment Fund Partnership (Limited Partnership)
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
AF |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
People’s Republic of China |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
44,165,500 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
44,165,500 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
44,165,500 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
9.6% |
14. |
TYPE OF REPORTING
PERSON |
PN |
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
Tianjin Kangyue Business Management Partnership (Limited Partnership)
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
OO |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
People’s Republic of China |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
44,165,500 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
44,165,500 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
44,165,500 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
9.6% |
14. |
TYPE OF REPORTING
PERSON |
PN |
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
China International Capital Corporation (International) Limited
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
AF |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
Hong Kong |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
13,659,000 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
13,659,000 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
13,659,000 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
3.0% |
14. |
TYPE OF REPORTING
PERSON |
CO |
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
CICC Capital (Cayman) Limited
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
AF |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
Cayman Islands |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
13,659,000 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
13,659,000 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
13,659,000 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
3.0% |
14. |
TYPE OF REPORTING
PERSON |
CO |
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
CICC Healthcare Investment Management Limited
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
AF |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
Cayman Islands |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
13,659,000 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
13,659,000 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
13,659,000 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
3.0% |
14. |
TYPE OF REPORTING
PERSON |
CO |
CUSIP No. 37186H100
1. |
NAME OF REPORTING PERSONS |
|
CICC Healthcare Investment Fund, L.P.
|
2. |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP |
(a) ☐ |
(b) ☐ |
3. |
SEC USE ONLY |
|
4. |
SOURCE OF FUNDS |
OO |
5. |
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM
2(d) OR 2(e) |
☐ |
6. |
CITIZENSHIP OR PLACE OF ORGANIZATION |
Cayman Islands |
NUMBER
OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON
WITH |
7. |
SOLE
VOTING POWER |
0 |
8. |
SHARED VOTING POWER |
13,659,000 |
9. |
SOLE DISPOSITIVE POWER |
0 |
10. |
SHARED DISPOSITIVE POWER |
13,659,000 |
11. |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
13,659,000 |
12. |
CHECK IF THE AGGREGATE
AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
☐ |
13. |
PERCENT OF CLASS
REPRESENTED BY AMOUNT IN ROW (11) |
3.0% |
14. |
TYPE OF REPORTING
PERSON |
PN |
CUSIP No. 37186H100
Item 1. Security and Issuer
This Schedule 13D relates to the ordinary shares
of Genetron Holdings Limited, par value US$0.00002 (“Ordinary Shares”), an exempted company incorporated under the laws of
the Cayman Islands (the “Issuer”), whose principal executive offices are located at 1-2/F, Building 11, Zone 1, No.8 Life
Science Parkway, Changping District, Beijing, 102206, People’s Republic of China.
The Issuer’s ADS, each representing five
ordinary shares, are listed on NASDAQ Global Market under the symbol “GTH.” On October 11, 2023, the Issuer announced a change
of the ratio of its ADS to ordinary shares from one ADS representing five ordinary shares to one ADS representing fifteen ordinary shares
effective on or about October 26, 2023.
Item 2. Identity and Background
(a) This Schedule 13D is being
filed jointly by the following reporting persons (each a “Reporting Person” and collectively, the “Reporting Persons”):
| (1) | China International Capital Corporation Limited (“CICC Listco”), a company established in People’s Republic of China; |
| (2) | CICC Capital Management Co., Ltd. (“CICC Capital Management”), a company established in People’s Republic of China; |
| (3) | CICC Kangzhi (Ningbo) Equity Investment Management Co., Ltd. (“CICC Kangzhi”), a company established in People’s
Republic of China; |
| (4) | CICC Kangrui (No.1) Ningbo Equity Investment Fund Partnership (Limited Partnership) (“CICC Kangrui”), a partnership established
in People’s Republic of China; |
| (5) | Tianjin Kangyue Business Management Partnership (Limited Partnership) (“Tianjin Kangyue”), a partnership established in
People’s Republic of China; |
| (6) | China International Capital Corporation (International) Limited (“CICC International”), a company incorporated in Hong
Kong; |
| (7) | CICC Capital (Cayman) Limited (“CICC Capital Cayman”), a company incorporated in the Cayman Islands; |
| (8) | CICC Healthcare Investment Management Limited (“CICC HIM”), a company incorporated in the Cayman Islands; and |
| (9) | CICC Healthcare Investment Fund, L.P. (“CICC Healthcare Investment”), an entity incorporated in the Cayman Islands. |
(b) The principal business
address of CICC Listco is 27th and 28th Floor, China World Office 2, 1 Jianguomenwai Avenue, Chaoyang District, Beijing, People’s
Republic of China. The principal business address of CICC Capital Management is 25th Floor and 26th Floor, China World Tower B, No.1 Jian
Guo Men Wai Avenue, Beijing 100004, People’s Republic of China. The principal business address of CICC Kangzhi is Section A C0049,
Room 401, Building 1, 88 Qixing Road, Meishan, Beilun District, Ningbo, Zhejiang, People’s Republic of China. The principal business
address of CICC Kangrui is Section A C0866, Room 401, Building 1, 88 Qixing Road, Meishan, Beilun District, Ningbo, Zhejiang, People’s
Republic of China. The principal business address of Tianjin Kangyue is 113, Tower 2, Guotai Building, Yingbin Avenue (Ease Side), Tianjin
Pilot Free Trade Zone (Central Business District), Tianjin, People’s Republic of China. The principal business address of CICC International
is 29th Floor, One International Finance Centre, No.1 Harbour View Street, Central, Hong Kong. The registered address of each of CICC
Capital Cayman, CICC HIM and CICC Healthcare Investment is PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.
CUSIP No. 37186H100
(c) The principal business
of Tianjin Kangyue is business management. The principal business of CICC Healthcare Investment is investment holding. The principal business
of CICC Kangrui is private equity investment. The principal business of CICC Kangzhi is equity investment management. The principal business
of CICC HIM is investment management. The principal business of CICC Capital Cayman is investment holding. The principal businesses of
CICC Capital Management are asset management, investment management, project investment and investment consulting. The principal business
of CICC International is overseas investment holding. The principal businesses of CICC Listco are investment banking, equities business,
fixed income, commodities and currency, asset management, private equity, wealth management and relevant financial services.
Attached hereto as Schedule A, and incorporated
herein by reference, is information concerning each director and executive officer of the Reporting Persons (collectively, the “Related
Persons”), which is required to be disclosed in response to Item 2 and General Instruction C to Schedule 13D.
(d)-(e) During the last five years, none of the Reporting Persons
nor, to the best of the Reporting Persons’ knowledge, any of the Related Persons, has been convicted in a criminal proceeding
(excluding traffic violations and similar misdemeanors) or been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and as a result of such proceeding was or is subject to a judgment, decree, or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation
with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration
Prior to the Issuer’s initial public offering
(the “IPO”) on June 26, 2020, Tianjin Kangyue acquired 44,165,500 series C preferred shares of the Issuer at RMB300 million
in equivalent U.S. dollars and CICC Healthcare Investment acquired a total of 13,659,000 series D preferred shares of the Issuer at an
aggregate amount of US$20 million from the Issuer in certain private placements. Upon the completion of the IPO in June 2020, all of the
issued and outstanding preferred shares of the Issuer, including those preferred shares held by Tianjin Kangyue and CICC Healthcare Investment,
automatically converted into and were re-designated as Ordinary Shares on a one-to-one basis.
Tianjin Kangyue’s source of fund was through
the capital contributions from its limited partner, CICC Kangrui. CICC Healthcare Investment’s source of fund was through the capital
contributions from its general partner, CICC HIM, and limited partners.
On October 11, 2023, the Issuer publicly announced
that it had entered into an agreement and plan of merger, dated as of October 11, 2023 (the “Merger Agreement”), among New
Genetron Holding Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands (“Parent”),
Genetron New Co Limited, an exempted company incorporated with limited liability under the laws of the Cayman Islands and a wholly-owned
subsidiary of Parent (“Merger Sub”) and the Issuer. Pursuant to the Merger Agreement, Merger Sub will merge with and into
the Issuer, with the Issuer continuing as the surviving company and a wholly owned subsidiary of Parent (the “Merger”).
It is anticipated that approximately US$50.9 million
will be expended in acquiring the outstanding Ordinary Shares other than the Rollover Shares (as defined below) pursuant to the Merger
Agreement. The Merger will be funded through cash contribution by Wealth Strategy Holding Limited, Surrich International Company Limited,
Tianjin Kangyue, CICC Healthcare Investment, CCB (Beijing) Investment Fund Management Co., Ltd. and Wuxi Huihongyingkang Investment Partnership
(Limited Partnership) or their respective affiliates (each a “Sponsor” and collectively the “Sponsors”). Parent
has entered into certain equity commitment letters with the Sponsors, each dated October 11, 2023 (the “Equity Commitment Letters”),
pursuant to which the Sponsors have agreed, subject to the terms and conditions thereof, to provide the financing amounts, up to US$52.4
million, for the purpose of financing the Merger consideration and certain other expenses in connection with the Merger. Each Sponsor
has entered into a limited guarantee (collectively, the “Limited Guarantees”) in favor of the Issuer or Genetron Health (Beijing)
Co., Ltd. (“Genetron Beijing”), a wholly-owned subsidiary of the Issuer, each dated October 11, 2023, with respect to a portion
of the payment obligations of Parent under the Merger Agreement for the termination fee that may become payable to the Issuer and/or Genetron
Beijing by Parent under certain circumstances and certain costs and expenses, as set forth in the Merger Agreement. Each of Tianjin Kangyue,
CICC Healthcare Investment and certain other shareholders of the Issuer has agreed to roll over certain ordinary shares (including ordinary
shares represented by ADS) he or it beneficially owns (the “Rollover Shares,” and the holder thereof, “Rollover Shareholders”)
in connection with the Merger in accordance with the terms and conditions of the relevant rollover and support agreement entered into
with Parent dated October 11, 2023 (the “Support Agreement”).
The descriptions of the Merger, the Merger Agreement,
the Equity Commitment Letters, the Limited Guarantees and the Support Agreement set forth in Item 4 below are incorporated by reference
in their entirety into this Item 3.
CUSIP No. 37186H100
Item 4. Purpose of Transaction
On October 11, 2023, the Issuer entered into the
Merger Agreement with Parent and Merger Sub. Pursuant to the Merger Agreement, Merger Sub will merge with and into the Issuer, with the
Issuer continuing as the surviving company and a wholly owned subsidiary of Parent. At the effective time of the Merger (the “Effective
Time”), each Ordinary Share and each ADS issued and outstanding immediately prior to the Effective Time will be cancelled and cease
to exist in exchange for the right to receive US$0.272 per Ordinary Share or US$1.36 per ADS (less applicable fees, charges and expenses
payable by ADS holders pursuant to the depositary agreement, dated June 18, 2020, entered into by and among the Issuer, the Bank of New
York Mellon (the “Depositary”) and all holders and beneficial owners of ADSs issued thereunder), in each case, in cash, without
interest and net of any applicable withholding taxes, except for (a) the Rollover Shares, which will be cancelled without payment of any
cash consideration therefor, (b) Ordinary Shares (including Ordinary Shares represented by ADSs) owned by Parent, Merger Sub or the Issuer
or any of their subsidiaries or held in the Issuer’s treasury, which will be cancelled without payment of any consideration therefor,
(c) Ordinary Shares (including Ordinary Shares represented by ADSs) recorded under the name of the Depositary as member in the register
of members of the Issuer and reserved for issuance and allocation pursuant to the Issuer share incentive plans, which will be cancelled
without payment of any consideration therefor (such ordinary shares set forth in (a), (b) and (c), the “Excluded Shares”),
and (d) Ordinary Shares that are issued and outstanding immediately prior to the Effective Time and that are held by shareholders of the
Issuer who shall have validly exercised and not effectively withdrawn or lost their rights to dissent from the Merger in accordance with
Section 238 of the Companies Act (as amended) of the Cayman Islands (the “Dissenting Shares”), which will be cancelled at
the Effective Time and will entitle the holders thereof to receive the payment of the fair value of such Dissenting Shares held by them
determined in accordance with the provisions of Section 238 of the Companies Act (as amended) of the Cayman Islands.
On October 11, 2023, the Issuer announced a change
of the ratio of its ADS to ordinary shares from one ADS representing five ordinary shares to one ADS representing fifteen ordinary shares
effective on or about October 26, 2023. Assuming the completion of such change of ratio, the holder of ADSs (other than the Excluded Shares)
shall be entitled to receive US$4.08 in cash per ADS.
The consummation of the Merger is subject to the
satisfaction or waiver of a number of conditions set forth in the Merger Agreement, including (a) the approval of the Merger by the affirmative
vote of holders of Ordinary Shares (including Ordinary Shares represented by ADSs) representing at least two-thirds of the voting power
of the outstanding Ordinary Shares present and voting in person or by proxy as a single class at the shareholders meeting of the Issuer
or any adjournment or postponement thereof, (b) the aggregate amount of Dissenting Shares shall be less than 15% of the total outstanding
Ordinary Shares immediately prior to the Effective Time, and (c) certain regulatory approvals. The Merger Agreement may be terminated
by the Issuer or Parent under certain circumstances.
The purpose of the transactions contemplated under
the Merger Agreement, including the Merger, is to acquire all of the outstanding Ordinary Shares other than the Rollover Shares. If the
Merger is completed, the Issuer will become a wholly owned subsidiary of Parent and Issuer’s ADSs would become eligible for termination
of registration pursuant to Section 12(g)(4) of the Act and would be delisted from the NASDAQ Global Market.
Concurrently with the execution of the Merger Agreement,
each of Tianjin Kangyue, CICC Healthcare Investment and other Rollover Shareholders entered into the Support Agreement with Parent, dated
as of October 11, 2023, pursuant to which, among other things and subject to the terms and conditions set forth therein, each of Tianjin
Kangyue and CICC Healthcare Investment has agreed to (a) vote all Rollover Shares (together with any other Ordinary Shares or equity securities
of the Issuer acquired, whether beneficially or of record, by such Rollover Shareholder after the date thereof and prior to the Effective
Time, including any Ordinary Shares acquired by means of purchase, dividend or distribution, or issued upon the exercise of any options
or warrants, or the conversion of any convertible securities or otherwise) held directly or indirectly by them in favor of the authorization
and approval of Merger Agreement and transactions contemplated thereunder, and (b) upon the terms and subject to the conditions of the
Support Agreement, cancel the Rollover Shares beneficially owned by him or it and receive no cash consideration for cancellation of the
Rollover Shares in accordance with the Merger Agreement in exchange for newly issued shares in Parent.
Concurrently with the execution of the Merger Agreement,
each of Tianjin Kangyue, CICC Healthcare Investment and other Sponsors entered into (a) certain Equity Commitment Letters, pursuant to
which the Sponsors will provide or cause to be provided, subject to the terms and on the conditions set forth therein, equity financing
to Parent in an aggregate amount of up to US$52.4 million in connection with the Merger, and (b) certain Limited Guarantees in favor of
the Issuer or Genetron Beijing with respect to each Sponsor’s respective portion of the payment obligations of Parent under the
Merger Agreement for the termination fee that may become payable to the Issuer and/or Genetron Beijing by Parent under certain circumstances
and certain costs and expenses, as set forth in the Merger Agreement.
After the Effective Time, Parent will be beneficially
owned by the Sponsors and other Rollover Shareholders.
CUSIP No. 37186H100
Concurrently with the execution of the Merger Agreement,
Mr. Sizhen Wang and the Sponsors entered into an interim investor agreement (the “Interim Investor Agreement”), pursuant to
which the parties thereto agreed to certain terms and conditions that will govern the actions of such parties and the relationship among
such parties with respect to the Merger.
If the Merger is carried out and consummated, the
Ordinary Shares of the Issuer will no longer be traded on the Nasdaq Global Market and the registration of the Ordinary Shares of the
Issuer under Section 12 of the Act is expected to be terminated. No assurance can be given that any definitive agreement will be entered
into or the Merger will be consummated. In addition, consummation of the Merger could result in one or more of the actions specified in
clauses (a)-(j) of Item 4 of Schedule 13D, including the acquisition or disposition of securities of the Issuer, a merger or other extraordinary
transaction involving the Issuer, a change to the board of directors of the Issuer (as the surviving company in the Merger), and a change
in the Issuer’s memorandum and articles of association to reflect that the Issuer would become a privately held company.
References to the Merger Agreement, Interim Investors
Agreement, Support Agreement, and the Equity Committee Letters and Limited Guarantees issued and delivered by each of Tianjin Kangyue
and CICC Healthcare Investment in this Schedule 13D do not purport to be complete and are subject to, and are qualified in their entirety
by reference to, the full text of the Merger Agreement, Interim Investors Agreement, Support Agreement, and the Equity Committee Letters
and Limited Guarantees issued and delivered by Tianjin Kangyue and CICC Healthcare Investment, copies of which are attached hereto as
Exhibits 2 to 8 incorporated herein by reference in their entirety.
Item 5. Interest in Securities of the Issuer
(a), (b) The following table sets forth the beneficial
ownership of Ordinary Shares of the Issuer by each of the Reporting Persons as of the date hereof.
| |
| | |
| | |
Number of Ordinary Shares Beneficially Owned by Each Reporting Person with: | |
Reporting Person | |
Amount Beneficially Owned(1) | | |
Percent of Class(2) | | |
Sole power to vote or direct the vote | | |
Shared power to vote or to direct the vote | | |
Sole power to dispose or to direct the disposition of | | |
Shared power to dispose or to direct the disposition of | |
| |
(in Ordinary Shares) | | |
| | |
| | |
| | |
| | |
| |
CICC Listco | |
| 57,824,500 | (3),
(4) | |
| 12.6 | % | |
| 0 | | |
| 57,824,500 | | |
| 0 | | |
| 57,824,500 | |
CICC Capital Management | |
| 57,824,500 | (3),
(4) | |
| 12.6 | % | |
| 0 | | |
| 57,824,500 | | |
| 0 | | |
| 57,824,500 | |
CICC Kangzhi | |
| 44,165,500 | (3) | |
| 9.6 | % | |
| 0 | | |
| 44,165,500 | | |
| 0 | | |
| 44,165,500 | |
CICC Kangrui | |
| 44,165,500 | (3) | |
| 9.6 | % | |
| 0 | | |
| 44,165,500 | | |
| 0 | | |
| 44,165,500 | |
Tianjin Kangyue | |
| 44,165,500 | (3) | |
| 9.6 | % | |
| 0 | | |
| 44,165,500 | | |
| 0 | | |
| 44,165,500 | |
CICC International | |
| 13,659,000 | (4) | |
| 3.0 | % | |
| 0 | | |
| 13,659,000 | | |
| 0 | | |
| 13,659,000 | |
CICC Capital Cayman | |
| 13,659,000 | (4) | |
| 3.0 | % | |
| 0 | | |
| 13,659,000 | | |
| 0 | | |
| 13,659,000 | |
CICC HIM | |
| 13,659,000 | (4) | |
| 3.0 | % | |
| 0 | | |
| 13,659,000 | | |
| 0 | | |
| 13,659,000 | |
CICC Healthcare Investment | |
| 13,659,000 | (4) | |
| 3.0 | % | |
| 0 | | |
| 13,659,000 | | |
| 0 | | |
| 13,659,000 | |
| (1) | Beneficial ownership is determined in accordance with Rule 13d-3 of the General Rules and Regulations under the Act, as amended. |
| (2) | Percentage is calculated based on the total number of 457,743,530 Ordinary Shares issued and outstanding as of March 31, 2023 as disclosed
in the annual report on Form 20-F filed with the SEC by the Issuer on May 12, 2023. |
| (3) | Represents 44,165,500 Ordinary Shares held of record by Tianjin Kangyue. |
| (4) | Represents 13,659,000 Ordinary Shares held of record by CICC Healthcare Investment. |
CUSIP No. 37186H100
The investment and voting decisions with respect
to the Ordinary Shares held by Tianjin Kangyue are made by CICC Kangzhi through an investment committee of CICC Kangrui, currently consisting
of four individuals, three of whom are employed by CICC Capital Management. CICC Kangrui is a limited partner of Tianjin Kangyue, of which
the general partner is CICC Kangzhi. CICC Kangzhi is also a general partner of Tianjin Kangyue and is controlled by CICC Capital Management
through contractual arrangements.
The general partner of CICC Healthcare Investment
is CICC HIM, which is in turn controlled by CICC Capital Cayman. The investment and voting decisions with respect to the Ordinary Shares
held by CICC Healthcare Investment are made by an investment committee of CICC HIM, currently consisting of four individuals, all employed
by CICC Capital Management, three of whom are the same individuals that serve on the investment committee of CICC Kangrui described above.
CICC Listco holds 100% of CICC Capital Management
and CICC International, which in turn holds 100% of CICC Capital Cayman.
CICC Kangzhi and CICC Kangrui may be deemed to
beneficially own the Ordinary Shares held by Tianjin Kangyue.
Each of CICC Listco, CICC International, CICC Capital
Cayman and CICC HIM may be deemed to beneficially own the Ordinary Shares held by CICC Healthcare Investment.
Each of CICC Listco and CICC Capital Management
may be deemed to beneficially own the Ordinary Shares held by Tianjin Kangyue and CICC Healthcare Investment.
Because of the arrangements in the Interim Investors
Agreement, the parties to that agreement may be deemed to have formed a “group” for purposes of Section 13(d)(3) of the Act.
Neither the filing of this Schedule 13D nor any of its contents, however, shall be deemed to constitute an admission by the Reporting
Persons that any of them is the beneficial owner of any of the Ordinary Shares beneficially owned by other members of the Buyer Consortium
and their respective affiliates for purposes of Section 13(d) of the Act or for any other purpose, and such beneficial ownership is expressly
disclaimed.
To the knowledge of the Reporting Persons, none
of the Related Persons beneficially owns any Ordinary Shares.
(c) To
the best of the Reporting Persons’ knowledge, except as set forth herein, there have been no transactions effected with respect
to any Ordinary Shares during the past 60 days by any of the persons named in response to Item 5(a)-(b).
(d) To
the best knowledge of the Reporting Persons, except as set forth herein, no person (other than the Reporting Persons) is known to the
Reporting Persons to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of,
any securities covered by this Schedule 13D.
(e) Not
applicable.
Item 6. Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer.
The descriptions of the principal terms of the
Merger Agreement, Interim Investors Agreement, Support Agreement, Equity Committee Letters and Limited Guarantees under Item 4 are incorporated
herein by reference to this Item 6 in their entirety. Copies of the Merger Agreement, Interim Investors Agreement, Support Agreement,
and the Equity Committee Letters and Limited Guarantees issued and delivered by Tianjin Kangyue and CICC Healthcare Investment are attached
as exhibits to this Schedule 13D and incorporated herein by reference.
Except as set forth herein, none of the Reporting
Persons or Related Persons has any contracts, arrangements, understandings or relationships (legal or otherwise) with any person with
respect to any securities of the Issuer, including but not limited to any contracts, arrangements, understandings or relationships concerning
the transfer or voting of such securities, finder’s fees, joint ventures, loan or option arrangements, puts or calls, guarantees
of profits, division of profits or losses, or the giving or withholding of proxies.
CUSIP No. 37186H100
Item 7. Materials to be Filed as Exhibits.
Exhibit Number |
|
Description |
|
|
|
1 |
|
Joint Filing Agreement, dated October 20, 2023, by and among CICC Capital Management Co., Ltd., CICC Kangzhi (Ningbo) Equity Investment Management Co., Ltd., CICC Kangrui (No.1) Ningbo Equity Investment Fund Partnership (Limited Partnership), Tianjin Kangyue Business Management Partnership (Limited Partnership), CICC Capital (Cayman) Limited, CICC Healthcare Investment Management Limited and CICC Healthcare Investment Fund, L.P. |
|
|
|
2 |
|
Agreement and Plan of Merger dated October 11, 2023 by and among Genetron Holdings Limited as the Issuer, New Genetron Holding Limited as Parent and Genetron New Co Limited as Merger Sub (incorporated by reference to Exhibit 99.2 to Form 6-K furnished to the SEC by the Issuer on October 11, 2023) |
|
|
|
3 |
|
Interim Investors Agreement dated October 11, 2023 by and among Tianjin Kangyue Business Management Partnership (Limited Partnership), CICC Healthcare Investment Fund, L.P., and other Consortium Members named therein, New Genetron Holding Limited as Parent and Genetron New Co Limited Merger Sub |
|
|
|
4 |
|
Rollover and Support Agreement dated October 11, 2023 by and among Tianjin Kangyue Business Management Partnership (Limited Partnership), CICC Healthcare Investment Fund, L.P., the other Rollover Shareholders named therein and New Genetron Holding Limited as Parent |
|
|
|
5 |
|
Equity Commitment Letter dated October 11, 2023 between Tianjin Kangyue Business Management Partnership (Limited Partnership) and New Genetron Holding Limited |
|
|
|
6 |
|
Equity Commitment Letter dated October 11, 2023 between CICC Healthcare Investment Fund, L.P. and New Genetron Holding Limited |
|
|
|
7 |
|
Limited Guarantee dated October 11, 2023 issued and delivered by Tianjin Kangyue Business Management Partnership (Limited Partnership) |
|
|
|
8 |
|
Limited Guarantee dated October 11, 2023 issued and delivered by CICC Healthcare Investment Fund, L.P. |
SIGNATURES
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: October 20, 2023
|
CHINA INTERNATIONAL CAPITAL
CORPORATION LIMITED |
|
|
|
By: |
/seal/ China International Capital Corporation Limited |
|
|
|
|
|
/s/ Zhaohui Huang |
|
|
Name: |
Zhaohui Huang |
|
|
Title: |
President |
|
|
|
CICC CAPITAL MANAGEMENT CO., LTD. |
|
|
|
By: |
/seal/ CICC Capital Management Co., Ltd. |
|
|
|
|
|
/s/ Junbao Shan |
|
|
Name: |
Junbao Shan |
|
|
Title: |
Chairman of Board of Directors |
|
|
|
CICC KANGZHI (NINGBO) EQUITY
INVESTMENT MANAGEMENT CO., LTD. |
|
|
|
By: |
/seal/ CICC Kangzhi (Ningbo) Equity Investment Management Co., Ltd. |
|
|
|
|
|
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director |
|
|
|
CICC KANGRUI (NO.1) NINGBO EQUITY INVESTMENT FUND PARTNERSHIP
(LIMITED PARTNERSHIP) |
|
|
|
By: |
CICC Kangzhi (Ningbo) Equity Investment Management Co., Ltd., its general partner |
|
|
|
|
By: |
/seal/ CICC Kangzhi (Ningbo) Equity Investment Management Co., Ltd. |
|
|
|
|
|
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director |
[Signature Page to Schedule
13D – Genetron Holdings Limited]
|
TIANJIN KANGYUE BUSINESS MANAGEMENT PARTNERSHIP (LIMITED PARTNERSHIP) |
|
|
|
By: |
CICC Kangzhi (Ningbo) Equity Investment Management Co., Ltd., its general partner |
|
|
|
By: |
/seal/ CICC Kangzhi (Ningbo) Equity Investment Management Co., Ltd. |
|
|
|
|
|
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director |
|
|
|
CHINA INTERNATIONAL CAPITAL CORPORATION (INTERNATIONAL) LIMITED |
|
|
|
By: |
/seal/ China International Capital Corporation (International) Limited |
|
|
|
|
/s/ Wing Fai Joseph Wong |
|
|
Name: |
Wing Fai Joseph Wong |
|
|
Title: |
Authorized Signatory |
|
|
|
CICC CAPITAL (CAYMAN) LIMITED |
|
|
|
By: |
/s/ Junbao Shan |
|
|
Name: |
Junbao Shan |
|
|
Title: |
Director |
|
|
|
CICC HEALTHCARE INVESTMENT MANAGEMENT LIMITED |
|
|
|
By: |
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director |
|
|
|
CICC HEALTHCARE INVESTMENT FUND, L.P., |
|
acting through its general partner, CICC Healthcare Investment Management Limited |
|
|
|
By: |
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director of CICC Healthcare Investment Management Limited |
[Signature Page to Schedule
13D – Genetron Holdings Limited]
SCHEDULE
A
DIRECTORS
AND EXECUTIVE OFFICERS
In
this Schedule A, “CICC Listco” refers to China International Capital Corporation Limited, “CICC Capital Management”
refers to CICC Capital Management Co., Ltd.; “CICC Kangzhi” refers to CICC Kangzhi (Ningbo) Equity Investment Management
Co., Ltd.; “CICC International” refers to China International Capital Corporation (International) Limited; “CICC Capital
Cayman” refers to CICC Capital (Cayman) Limited; and “CICC HIM” refers to CICC Healthcare Investment Management Limited.
Directors
and Officers of CICC Listco
The
table below sets forth the name and present principal occupation or employment of each director and executive officer of CICC Listco.
Unless otherwise indicated below, the business address of each such person is 27th and 28th Floor, China World Office 2, 1 Jianguomenwai
Avenue, Chaoyang District, Beijing, People’s Republic of China (“PRC”), and each such person is a citizen of the PRC.
The business address of Zhaohui Huang, Jiaxing Zhou and Kui Ma is 29th Floor, One International Finance Centre, No.1 Harbour View Street,
Central, Hong Kong. Zhaohui Huang and Kong Ping Albert Ng are citizens of Hong Kong Special Administrative Region (“SAR”),
PRC. Peter Hugh Nolan is a citizen of United Kingdom. Gang Chu is a citizen of United States of America.
Name |
|
Present
Principal Occupation or Employment |
Directors: |
|
|
Rujun Shen |
|
Chairman of the Board of Directors and Non-executive
Director of CICC Listco |
Zhaohui Huang |
|
Executive Director and President of CICC Listco |
Lixia Tan |
|
Non-executive Director of CICC Listco |
Wenwu Duan |
|
Non-executive Director of CICC Listco |
Wei Zhang |
|
Non-executive Director of CICC Listco |
Lingyan Kong |
|
Non-executive Director of CICC Listco, Director of
CICC Capital Management |
Yu Zhou |
|
Independent Non-executive Director of CICC Listco |
Kong Ping Albert Ng |
|
Independent Non-executive Director of CICC Listco |
Zhengfei Lu |
|
Independent Non-executive Director of CICC Listco |
Peter Hugh Nolan |
|
Independent Non-executive Director of CICC Listco |
|
|
|
Executive Officers: |
|
|
Zhaohui Huang |
|
Executive Director and President of CICC Listco |
Gang Chu |
|
Chief Operating Officer of CICC Listco; Director of
CICC Capital Management; Director of CICC International |
Bo Wu |
|
Chief Financial Officer of CICC Listco; Director of
CICC International |
Long Cheng |
|
Chief Information Officer of CICC Listco |
Jiaxing Zhou |
|
Chief Compliance Officer of CICC Listco |
Fengwei Zhang |
|
Chief Risk Officer of CICC Listco |
Kui Ma |
|
Financial Controller of CICC Listco; Director of CICC
Capital Management; Director of CICC International |
Directors
and Executive Officers of CICC Capital Management
The
table below sets forth the name and present principal occupation or employment of each director and executive officer of CICC Capital
Management. The business address of Lingyan Kong, Gang Chu, Kai Luo and Jing Zhou is 27th and 28th Floor, China World Office 2, 1 Jianguomenwai
Avenue, Chaoyang District, Beijing, PRC. The business address of Junbao Shan and Liang Long is 25th Floor and 26th Floor, China World
Tower B, No.1 Jian Guo Men Wai Avenue, Beijing 100004, PRC. The business address of Kui Ma is 29th Floor, One International Finance Centre,
No.1 Harbour View Street, Central, Hong Kong. Unless otherwise indicated below, each such person is a citizen of the PRC. Gang Chu is
a citizen of United States of America.
Name |
|
Present
Principal Occupation or Employment |
Directors: |
|
|
Lingyan Kong |
|
Director of CICC Capital
Management, Non-executive Director of CICC Listco |
Junbao Shan |
|
Director and Chairman of
Board of Directors of CICC Capital Management; Director of CICC Capital Cayman |
Kui Ma |
|
Director of CICC Capital
Management; Director of CICC International; Financial Controller of CICC Listco |
Gang Chu |
|
Director of CICC Capital
Management; Chief Operating Officer of CICC Listco; Director of CICC International |
Liang Long |
|
Director and Manager of
CICC Capital Management |
|
|
|
Executive Officers: |
|
|
Junbao Shan |
|
Director and Chairman of Board of Directors of CICC
Capital Management; Director of CICC Capital Cayman |
Kai Luo |
|
Finance Director of CICC
Capital Management |
Jing Zhou |
|
Head of Compliance and
Risk Control of CICC Capital Management |
Directors
and Executive Officers of CICC Kangzhi
The
table below sets forth the name and present principal occupation or employment of the director of CICC Kangzhi. CICC Kangzhi does not
have any executive officers. The business address of Xia Wu is 25th Floor and 26th Floor, China World Tower B, No.1 Jian Guo Men Wai
Avenue, Beijing 100004, PRC. Xia Wu is a citizen of PRC.
Name |
|
Present
Principal Occupation or Employment |
Director: |
|
|
Xia Wu |
|
Director of CICC Kangzhi; Director of CICC HIM |
|
|
|
Executive Officer: |
|
|
N/A |
|
|
Directors
and Executive Officers of CICC International
The
table below sets forth the name and present principal occupation or employment of each director of CICC International. CICC International
does not have any executive officers. Unless otherwise indicated below, the business address of each such person is 29th Floor, One International
Finance Centre, No.1 Harbour View Street, Central, Hong Kong, and each such person is a citizen of the PRC. The business address of Xinhan
Xia is 25th Floor, 125 Old Broad Street, London EC2N 1AR, United Kingdom. The business address of Gang Chu, Qingchuan Liu, Bo Wu and
Nan Sun is 27th and 28th Floor, China World Office 2, 1 Jianguomenwai Avenue, Chaoyang District, Beijing, PRC. Xinhan Xia is a citizen
of the United Kingdom. Gang Chu is a citizen of United State of America. King Fung Wong is a citizen of Hong Kong SAR, PRC and the United
Kingdom.
Name |
|
Present
Principal Occupation or Employment |
Directors: |
|
|
Xinhan Xia |
|
Director of CICC International |
Kui Ma |
|
Director of CICC International; Director of CICC Capital
Management; Financial Controller of China CICC Listco |
Gang Chu |
|
Director of CICC International; Chief Operating Officer
of CICC Listco; Director of CICC Capital Management |
King Fung Wong |
|
Director of CICC International; Director of CICC Capital
Cayman |
Qingchuan Liu |
|
Director of CICC International |
Bo Wu |
|
Director of CICC International; Chief Financial Officer
of CICC Listco |
Nan Sun |
|
Director of CICC International |
Hanfeng Wang |
|
Director of CICC International |
|
|
|
Executive Officer: |
|
|
N/A |
|
|
Directors
and Executive Officers of CICC Capital Cayman
The
table below sets forth the name and present principal occupation or employment of each director of CICC Capital Cayman. CICC Capital
Cayman does not have any executive officers. The business address of Soon Wei Stephen Ng is 6 Battery Road, #33-01, Singapore 049909.
The business address of King Fung Wong is 29th Floor, One International Finance Centre, No.1 Harbour View Street, Central, Hong Kong.
The business address of Junbao Shan is 25th Floor and 26th Floor, China World Tower B, No.1 Jian Guo Men Wai Avenue, Beijing 100004,
PRC. Soon Wei Stephen Ng is a citizen of Singapore. King Fung Wong is a citizen of Hong Kong SAR, PRC and the United Kingdom. Junbao
Shan is a citizen of PRC.
Name |
|
Present
Principal Occupation or Employment |
Directors: |
|
|
Soon Wei Stephen Ng |
|
Director
of CICC Capital Cayman |
King Fung Wong |
|
Director
of CICC Capital Cayman; Director of CICC International |
Junbao Shan |
|
Director
of CICC Capital Cayman; Director and Chairman of Board of Directors of CICC Capital Management |
|
|
|
Executive Officer: |
|
|
N/A |
|
|
Directors
and Executive Officers of CICC HIM
The
table below sets forth the name and present principal occupation or employment of each director of CICC HIM. CICC HIM does not have any
executive officers. The business address of Xia Wu is 25th Floor and 26th Floor, China World Tower B, No.1 Jian Guo Men Wai Avenue, Beijing
100004, PRC. The business address of Jin Wang is 29th Floor, One International Finance Centre, No.1 Harbour View Street, Central, Hong
Kong. The business address of Ho Man Vienna Lit is 6 Battery Road, #33-01, Singapore 049909. Xia Wu is a citizen of PRC. Jin Wang is
a citizen of Hong Kong SAR, PRC. Ho Man Vienna Lit is a citizen of Hong Kong SAR, PRC.
Name |
|
Present
Principal Occupation or Employment |
Directors: |
|
|
Xia Wu |
|
Director of CICC HIM; Director of CICC Kangzhi |
Jin Wang |
|
Director of CICC HIM |
Ho Man Vienna Lit |
|
Director of CICC HIM |
|
|
|
Executive Officer: |
|
|
N/A |
|
|
Schedule A-3
Exhibit 1
Joint
Filing Agreement
In
accordance with Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended, each of the undersigned parties hereby agree
to file jointly the statement on Schedule 13D (including any amendments thereto) with respect to the Ordinary Shares, par value $0.00002
per share, of Genetron Holdings Limited, an exempted company incorporated under the laws of the Cayman Islands.
It
is understood and agreed that each of the parties hereto is responsible for the timely filing of such statement on Schedule 13D and any
amendments thereto, and for the completeness and accuracy of the information concerning such party contained therein, but such party
is not responsible for the completeness and accuracy of information concerning another party making the filing unless such party knows
or has reason to believe that such information is inaccurate. It is understood and agreed that a copy of this agreement shall be attached
as an exhibit to the statement on Schedule 13D, and any amendments thereto, filed on behalf of the parties hereto.
This
Agreement may be executed in any number of counterparts, each of which shall be deemed to be an original, but all of which taken together
shall constitute one and the same instrument.
[Signature
page follows]
Date: October
20, 2023
|
CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED |
|
|
|
By: |
/seal/ China International Capital
Corporation Limited |
|
|
|
|
|
/s/
Zhaohui Huang |
|
|
Name: |
Zhaohui Huang |
|
|
Title: |
President |
|
CICC CAPITAL MANAGEMENT CO., LTD. |
|
|
|
By: |
/seal/ CICC Capital Management Co., Ltd. |
|
|
|
|
|
/s/
Junbao Shan |
|
|
Name: |
Junbao Shan |
|
|
Title: |
Chairman of Board of Directors |
|
CICC KANGZHI (NINGBO) EQUITY INVESTMENT MANAGEMENT CO.,
LTD. |
|
|
|
By: |
/seal/ CICC Kangzhi (Ningbo) Equity Investment
Management Co., Ltd. |
|
|
|
|
|
/s/
Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director |
|
CICC KANGRUI (NO.1) NINGBO EQUITY INVESTMENT FUND PARTNERSHIP
(LIMITED PARTNERSHIP) |
|
|
|
By: |
CICC Kangzhi (Ningbo) Equity Investment
Management Co., Ltd., its general partner |
|
By: |
/seal/ CICC Kangzhi (Ningbo) Equity Investment
Management Co., Ltd. |
|
|
|
|
|
/s/
Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director |
[Signature
Page to Joint Filing Agreement to Schedule 13D – Genetron Holdings Limited]
|
TIANJIN KANGYUE BUSINESS MANAGEMENT PARTNERSHIP (LIMITED
PARTNERSHIP) |
|
|
|
|
|
By: |
CICC Kangzhi (Ningbo) Equity Investment Management Co.,
Ltd., its general partner |
|
|
|
|
By: |
/seal/ CICC Kangzhi (Ningbo) Equity Investment
Management Co., Ltd. |
|
|
|
|
|
/s/
Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director |
|
CHINA INTERNATIONAL CAPITAL CORPORATION
(INTERNATIONAL) LIMITED |
|
|
|
|
|
By: |
/seal/ China International Capital Corporation
(International) Limited |
|
|
|
|
|
|
/s/
Wing Fai Joseph Wong |
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Name: |
Wing Fai Joseph Wong |
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Title: |
Authorized Signatory |
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CICC CAPITAL (CAYMAN) LIMITED |
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By: |
/s/
Junbao Shan |
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Name: |
Junbao Shan |
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Title: |
Director |
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By: |
/s/
King Fung Wong |
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Name: |
King Fung Wong |
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Title: |
Director |
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CICC HEALTHCARE INVESTMENT MANAGEMENT
LIMITED |
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By: |
/s/
Xia Wu |
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Name: |
Xia Wu |
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Title: |
Director |
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/s/
Jin Wang |
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Name: |
Jin Wang |
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Title: |
Director |
[Signature
Page to Joint Filing Agreement to Schedule 13D – Genetron Holdings Limited]
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CICC HEALTHCARE INVESTMENT FUND, L.P., |
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acting through its general partner, CICC Healthcare Investment
Management Limited |
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By: |
/s/
Xia Wu |
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Name: |
Xia Wu |
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Title: |
Director of CICC Healthcare Investment Management Limited |
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/s/
Jin Wang |
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Name: |
Jin Wang |
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Title: |
Director of CICC Healthcare Investment Management
Limited |
[Signature
Page to Joint Filing Agreement to Schedule 13D – Genetron Holdings Limited]
Exhibit 3
Execution Version
INTERIM INVESTOR AGREEMENT
This Interim Investor Agreement (the “Agreement”)
is made as of October 11, 2023 by and among Mr. Sizhen Wang (the “Founder”), Tianjin Kangyue Business Management Partnership
(Limited Partnership) (“Tianjin Kangyue”), CICC Healthcare Investment Fund, L.P. (“CICC Healthcare,”
and together with Tianjin Kangyue, collectively, “CICC”), Surrich International Company Limited (“Wuxi Capital”),
Wuxi Huihongyingkang Investment Partnership (Limited Partnership) (“Wuxi Huishan”), CCB (Beijing) Investment Fund Management
Co., Ltd. (“CCB”) and Wealth Strategy Holding Limited (“Wealth Strategy”, together with CICC, Wuxi
Capital, Wuxi Huishan and CCB, collectively, “Investor Members”), New Genetron Holding Limited, an exempted company
incorporated with limited liability under the laws of the Cayman Islands (“Parent”) and Genetron New Co Limited, an
exempted company incorporated with limited liability under the laws of the Cayman Islands (“Merger Sub”). The Founder
and the Investor Members shall be collectively referred to hereinafter as the “Consortium” and individually as a “Consortium
Member.” Capitalized terms used herein but not otherwise defined shall have the meanings given to them in the Merger Agreement
(as defined below).
RECITALS
WHEREAS, on the date hereof, Genetron Holdings
Limited (the “Company”), Parent, and Merger Sub, have executed an Agreement and Plan of Merger (the “Merger
Agreement”), pursuant to which Merger Sub will be merged with and into the Company (the “Merger”), with the
Company continuing as the surviving corporation.
WHEREAS, concurrently with the execution and delivery
of the Merger Agreement, the Rollover Shareholders (including certain Consortium Members and/or their respective Affiliates) have executed
a Support Agreement in favor of Parent, pursuant to which each Rollover Shareholder agrees to, among other obligations, (i) cancel all
of their rollover shares as defined therein (the “Rollover Shares” of such Rollover Shareholder) for no cash consideration
in the Merger, (ii) subscribe for newly issued ordinary shares of Parent immediately prior to the Closing (the transactions described
in (i) and (ii), the “Equity Rollover” of such Rollover Shareholder) and (iii) vote in favor of approval of the Merger
Agreement, the Plan of Merger and the Transactions, in each case in accordance with the terms of the Support Agreement. The number of
the Rollover Shares of each Consortium Member is set out against its name in column (B) of Schedule 1 hereto.
WHEREAS, on the date hereof, certain Consortium
Members, namely Tianjin Kangyue, CICC Healthcare, Wuxi Capital, Wuxi Huishan, CCB and Wealth Strategy have executed equity commitment
letters in favor of Parent (the “Equity Commitment Letters”), pursuant to which each such Consortium Member or its
Affiliate agrees, subject to the terms and conditions set forth therein, to make an equity investment in Parent (the “Equity
Commitment” of such Consortium Member) immediately prior to the Closing in connection with the Transactions. The amount of the
Equity Commitment of each Consortium Member is set out against its name in column (C) of Schedule 1 hereto.
WHEREAS, on the date hereof, each of Tianjin Kangyue,
CICC Healthcare, Wuxi Capital, Wuxi Huishan, CCB and Wealth Strategy has executed a limited guarantee (each a “Limited Guarantee”,
and collectively, the “Limited Guarantees”) in favor of the Company or a designated wholly owned Subsidiary of the
Company with respect to certain obligations of Parent under the Merger Agreement.
WHEREAS, the parties wish to agree to certain terms
and conditions that will govern the actions of the Parent and the relationship among the parties with respect to the Transactions.
NOW, THEREFORE, in consideration of the premises
and of the mutual covenants and obligations hereinafter set forth, the parties hereby agree as follows:
1.1 From
the date of this Agreement until the Closing, Parent and the Merger Sub shall not, and the Founder shall cause Parent and the Merger Sub
not to, (i) determine that the closing conditions under the Merger Agreement, any other Transaction Document and other documents in connection
therewith have been satisfied, or amend or waive any such closing condition, (ii) terminate the Merger Agreement, any other Transaction
Document and other documents in connection therewith, or (iii) amend or modify the Merger Agreement, any other Transaction Document and
other documents in connection therewith so as to (u) increase or modify in a manner adverse to Parent, Merger Sub or the Investor Members
the form or amount of the Merger Consideration or increase in any way the obligations under the Equity Commitment Letters, (v) modify
or waive, in a manner adverse to Parent, Merger Sub or the Investor Members, any provisions relating to the Parent Termination Fee or
the aggregate cap on monetary damages recoverable by the Company, or otherwise increase the scope or amount of potential liability of
Parent, Merger Sub or the Investor Members, (w) materially modify the structure of the Transactions, (x) extend the Long Stop Date, (y)
modify treatment of the Company’s equity awards specified in Section 2.02 of the Merger Agreement, or (z) modify or grant any waiver
or consent with respect to any matter set forth in Sections 5.01(b), 5.01(j)(iv), 5.01(j)(v) and 5.01(t) (only to the extent relating
to the matters described in Sections 5.01(b), 5.01(j)(iv) or 5.01(j)(v)) of the Merger Agreement, or (iv) modify the Merger Agreement,
or grant any consent with respect to or waiver of any provision of the Merger Agreement in a manner that has a material and adverse impact
on any Investor Member that is disproportionate to the impact on the other Consortium Members, in each case of (i) through (iii), without
the prior written consent of each Investor Member, and in the case of (iv), without the prior written consent of the materially and adversely
impacted Investor Member, in each case subject to Section 6.2.
1.2 From
the date hereof until the Closing, except with the prior written consent of each Investor Member or as specifically required
by any of the Transaction Documents, the Founder, Parent and Merger Sub shall not issue (in the Founder’s case cause to be issued),
transfer or encumber (or take any action to attempt to transfer or encumber) any or all of the Equity Securities of Parent or Merger Sub
(or any beneficial interest therein) in any way, and Parent and Merger Sub shall not, and the Founder and Parent shall procure that each
of Parent and Merger Sub shall not, (i) increase, reduce, cancel or transfer any of its registered capital, purchase or redeem any shares
or grant any convertible securities, options or warrants over any portion of its share capital; (ii) alter, amend or supplement any of
its charter documents; (iii) merge or consolidate with other Person, or participate in any other type of corporate restructuring; (iv)
acquire or dispose of, or agree to acquire or dispose of, any assets; (v) create, or agree to create, an encumbrance over any assets;
(vi) directly or indirectly, incur any debt or any liability; or (vii) guarantee or secure the obligations of any Person, in each case
subject to Section 6.2.
1.3 Parent
shall enforce the provisions of the Equity Commitment Letters in accordance with the terms of the Merger Agreement and the Equity Commitment
Letters. Each Consortium Member shall (if it has delivered an Equity Commitment Letter) and shall cause each of its Affiliates that has
delivered an Equity Commitment Letter (if any) to comply with its obligations thereunder; provided, that no party shall have an
independent right under this Agreement to enforce the Equity Commitment Letters against any Consortium Member or its Affiliates, other
than as provided in the immediately preceding sentence. Notwithstanding anything in any Equity Commitment Letter to the contrary, prior
to the Closing, none of the Consortium Members shall be entitled to assign, sell-down or syndicate any part of its Equity Commitment to
any third party (except for any assignment, sell-down or syndication of all or any part of its Equity Commitment to its Affiliates or
limited partners of it or its Affiliates (each a “Permitted Syndication”)).
1.4 Parent
shall enforce the provisions of the Support Agreement in accordance with the terms of the Merger Agreement and the Support Agreement.
Each Consortium Member shall (if it is a Rollover Shareholder) and shall cause each of its Affiliates that is a Rollover Shareholder (if
any) to comply with such Rollover Shareholder’s obligations under the Support Agreement; provided, that no party shall
have an independent right under this Agreement to enforce the Support Agreement against any Consortium Member or its Affiliates, other
than as provided in the immediately preceding sentence.
1.5 Each
Consortium Member shall be entitled to receive, in consideration for its Equity Commitment and Equity Rollover, the number of ordinary
shares of Parent with a par value of US$0.0001 per share (“Parent Shares”) as set forth against its name in column
(D) of Schedule 1 hereto, representing an ownership percentage in Parent immediately following the Transaction (the “Contemplated
Ownership Percentage” of such Consortium Member) as set forth against the name of such Consortium Member in column (E) of Schedule
1 hereto, with such number of Parent Shares and Contemplated Ownership Percentage calculated based on the proportion that (i) the sum
of (x) such Consortium Member’s Equity Commitment, and (y) the deemed value of such Consortium Member’s Rollover Shares (based
on the Per Share Merger Consideration) contributed or deemed contributed to Parent by such Consortium Member, bears to (ii) the aggregate
value contributed or deemed contributed to Parent by all shareholders (whether in the form of cash, Shares or other consideration). Parent
shall issue each Consortium Member’s Parent Shares to such Consortium Member and/or any of its Affiliates as such Consortium Member
may designate by reasonably advance written notice to Parent.
1.6 Parent
shall use its commercially reasonable efforts to provide each Consortium Member with at least five (5) Business Days prior notice of the
Closing Date under the Merger Agreement. Any notices received by Parent pursuant to Section 9.2 of the Merger Agreement shall be promptly
provided to each Consortium Member at the address set forth in such Consortium Member’s Equity Commitment Letter and/or the Support
Agreement. The Founder shall use his reasonable efforts to notify the other Consortium Member promptly of any material developments regarding
the transactions contemplated by this Agreement, the Merger Agreement and the other transactions contemplated by the Equity Commitment
Letters, Limited Guarantees and the Support Agreement.
| 2. | REPRESENTATIONS AND WARRANTIES; COVENANTS |
2.1 Each
party hereby represents and warrants to the other parties that (i) such party has the requisite power and authority to execute, deliver
and perform this Agreement, (ii) the execution, delivery and performance of this Agreement by such party have been duly authorized by
all necessary actions on the part of such party and no additional proceedings are necessary to approve this Agreement (in each case to
the extent necessary), (iii) this Agreement has been duly executed and delivered by such party and constitutes a valid and binding agreement
enforceable in accordance with the terms hereof, and (iv) such party’s execution, delivery and performance of this Agreement will
not violate (a) any provision of its organizational documents (as applicable) or any material agreement to which such party is a party
or by which such party is bound; or (b) subject to obtaining the ODI Approvals (if applicable) any order, writ, injunction, decree or
statute, or any rule or regulation, applicable to such party.
2.2 Each
of the Investor Members, on behalf of itself and its respective Affiliates, agrees to promptly provide to Parent (consistent with the
timing required by the Merger Agreement or applicable Law, as applicable) any information about such Investor Member (or its Affiliates)
that Parent reasonably determines is required to be included in (i) the Proxy Statement, (ii) the Schedule 13E-3, or (iii) any other filing
or notification with any Governmental Authority in connection with the Transactions, this Agreement, or any other agreement or arrangement
to which it (or any of its Affiliates) is a party relating to the Transactions. Each Investor Member shall reasonably cooperate with Parent
in connection with the preparation of the foregoing documents to the extent such documents relate to such Investor Member (or any of its
Affiliates), and Parent shall notify the Investor Members of the form and terms of such documents and provide the Investor Members with
reasonable time and opportunity to review and comment on such documents, which Parent shall consider in good faith. Each Investor Member
agrees to permit the Parent and the Company to publish and disclose in the Proxy Statement (including all documents filed with the SEC
in accordance therewith), its respective Affiliates’ identity and beneficial ownership, and/or ultimate controller (as applicable),
of the Shares, ADSs or other Equity Securities of the Company and the nature of such party’s commitments, arrangements and understandings
under this Agreement, or any other agreement or arrangement to which he or it (or any of its Affiliates) is a party relating to the Transactions
(including a copy thereof), to the extent required by applicable Law or the SEC (or its staff). Notwithstanding the foregoing, no Investor
Member is required to make available to the other parties any of its internal investment committee materials or analyses or any information
which it considers to be commercially sensitive information, except where disclosure of such information is specifically required by applicable
Law or the SEC (or its staff).
2.3 Each
Consortium Member hereby represents, warrants and covenants to the other Consortium Members that none of the information supplied in writing
by such Consortium Member for inclusion or incorporation by reference in the Proxy Statement or Schedule 13E-3 will cause a breach of
the representations and warranties of Parent or Merger Sub set forth in the Merger Agreement.
2.4 Each
of Parent and Merger Sub hereby represents and warrants to each of Consortium Members that it was formed solely for the purpose of engaging
in the Transactions and has not conducted any business prior to the date hereof other than those in connection with the Transactions,
and has no, and prior to the Effective Time, will have no, assets (including any equity or other interest in any Person other than Parent’s
equity interests in Merger Sub), liabilities or obligations of any nature other than those incident to its formation and capitalization
pursuant to the Merger Agreement and the Transactions. The Founder hereby represents, warrants and covenants to the other Consortium Members
that he has not, and prior to the Effective Time, will not, cause Parent or Merger Sub to take any action inconsistent with the representations
and warranties of Parent and Merger Sub in this Section 2.4.
2.5 Each
Investor Member shall use its reasonable best efforts to apply for and obtain ODI Approval if such approval is needed for its (or its
Affiliates’) performance of obligations hereunder and under the Equity Commitment Letter. Each party shall use his or its commercially
reasonable efforts (without incurring any cost by such party) to cooperate with each Investor Member in connection with such Investor
Member’s application for any ODI Approval required for its consummation of the transactions contemplated by this Agreement, the
Merger Agreement and the other agreements entered into in connection therewith.
2.6 Each
of Parent and Merger Sub has been conducting business at all times in compliance with any anti-corruption laws and anti-money laundering
laws to which Parent or Merger Sub may be subject to (as applicable). None of Parent, Merger Sub or any of its respective directors, officers,
employees, agents and other persons acting on their behalf (collectively, “Representatives”) has, directly or indirectly,
offered, authorized, promised, condoned, participated in, consummated, or received notice of any allegation of, (i) the making of any
payment or gift or any money or anything of value to any public official for the purpose of influencing any official act or decision of
such official or inducing him or her to use his or her influence to affect any act or decision of a governmental authority, in order to
assist Parent or Merger Sub to obtain or retain business for, or direct business to Parent or Merger Sub, as applicable, or (ii) the taking
of any action by any person which has violated or could reasonably be expected to, constitute a violation of any applicable anti-corruption
laws, or (iii) the making of any false or fictitious entries in the books or records of Parent or Merger Sub by any person, or (iv) the
using of any assets of Parent or Merger Sub for the establishment of any unlawful or unrecorded fund of monies or other assets, or the
making of any unlawful or undisclosed payment. None of Parent, Merger Sub or any Representatives has, directly or indirectly, (i) bribed
any Investor Members, Rollover Shareholders or their respective Affiliates, (ii) offered or solicited improper properties or other benefits,
or (iii) engaged in any unfair competition or illegal transfer of benefits in any manner.
3.1 If
the Merger is not consummated and the Parent Termination Fee becomes payable by Parent pursuant to Section 8.06(b) of the Merger Agreement,
and any party hereto is a Defaulting Party (as defined below), notwithstanding anything provided under the Limited Guaranties, (a) the
Defaulting Party shall be responsible for the entire Parent Termination Fee payable by Parent under Section 8.06(b) of the Merger Agreement
and shall promptly pay an amount equal to the Parent Termination Fee to Parent by wire transfer of same day fund within one (1) Business
Day following the termination of the Merger Agreement pursuant to Section 8.03(a) or Section 8.03(b) thereof; (b) in the event any of
the Company’s fees and expenses shall become payable by Parent in accordance with Section 8.06(d) of the Merger Agreement, the Defaulting
Party shall be responsible for all such fees and expenses payable by Parent; and (c) in the event that a Non-Defaulting Party’s
(or the respective Guarantor’s) liabilities under the relevant Limited Guarantee become due and payable, the Defaulting Party shall
indemnify such Non-Defaulting Party (or the respective Guarantor) in full for all payments made by, and all fees and out-of-pocket expenses
incurred by, such Non-Defaulting Party (or the respective Guarantor) under such Limited Guarantee (the obligations of the Defaulting Party
under this Section 3.1, collectively, the “Default Obligations”). If there is more than one Defaulting Party, each
Defaulting Party shall be responsible for its Pro Rata Portion of the Default Obligations. A Defaulting Party’s “Pro Rata
Portion” for the purposes of this Section 3.1 is a fraction, the numerator of which is such Defaulting Party’s Contemplated
Ownership Percentage and the denominator of which is the aggregated Contemplated Ownership Percentage of all Defaulting Parties.
3.2 If
the Merger is not consummated and the Parent Termination Fee becomes payable by Parent pursuant to Section 8.06(b) of the Merger Agreement,
but no party is a Defaulting Party, then each party who (or whose Affiliate) also executes a Limited Guarantee shall be responsible for
its (or its Affiliate’s) Guaranteed Percentage (as defined in the respective Limited Guarantee) of (i) Parent Termination Fees under
Section 8.06(b) and (ii) Company’s fees and expenses under Section 8.06(d) of the Merger Agreement ((i) and (ii) collectively, the
“Guaranteed Obligations”) in accordance with and subject to the terms and conditions of the Limited Guarantee executed
by such party.
3.3 A
“Defaulting Party” is a party hereto, the failure of whom or whose Affiliate to perform its obligation under this Agreement
or, to the extent it is a party, the Support Agreement or the Equity Commitment Letter, results in the failure of the Merger to consummate.
A “Non-Defaulting Party” is a party hereto who is not a Defaulting Party.
3.4 The
parties shall be entitled to receive any termination, break-up or other fees or amounts payable to Parent by the Company pursuant to the
Merger Agreement, to be allocated ratably in proportion to their respective Contemplated Ownership Percentages, net of the costs and expenses
incurred by the Consortium in connection with the Transaction, including the fees, expenses and disbursements of Consortium Advisors retained
by the Consortium (but other than fees and costs of any Separate Advisors who were retained by a party in accordance with Section 4.5
unless otherwise agreed to by the parties in writing).
| 4. | CERTAIN FEES AND EXPENSES |
4.1 If
the Merger is not consummated and any party hereto is a Defaulting Party with respect to such failure of the Merger to consummate, the
parties agree that the Defaulting Party or Defaulting Parties shall bear the full amount of the Consortium Expenses, the DD Expenses and
reimburse each Non-Defaulting Party and their respective Affiliates (other than the Company and its subsidiaries) for all of their other
out-of-pocket costs and expenses incurred in connection with the Merger, and the fees, expenses and disbursements of any Separate Advisors
to each Non-Defaulting Party engaged pursuant to Section 4.5, if any, without prejudice to any claims, rights, and remedies otherwise
available to Parent, Merger Sub, or such Non-Defaulting Party and its Affiliates (including those under Section 3.1 hereof).
4.2 If
the Merger is not consummated and no party hereto is a Defaulting Party, the parties agree that (i) each party shall bear the fees and
out-of-pocket expenses payable by such party in connection with the Transactions incurred prior to the termination of this Agreement;
and (ii) each party shall bear its portion (based on such party’s respective Guaranteed Percentage) of the Consortium Expenses.
Notwithstanding the foregoing, (i) the fees, expenses and disbursements of any Separate Advisors engaged pursuant to Section 4.5 and the
other out-of-pocket costs and expenses incurred in connection with any legal due diligence investigation conducted by CICC with respect
to the Company, including any fees, expenses and disbursements payable to the Separate Advisors retained for such purposes (collectively,
the “DD Expenses”), shall be borne solely by CICC, Surrich International Company Limited and CCB (Beijing) Investment
Fund Management Co., Ltd., in proportion to such party’s respective Guaranteed Percentage, (ii) the fees, expenses and disbursements
of any Separate Advisors engaged pursuant to Section 4.5 and the other out-of-pocket costs and expenses incurred in connection with any
due diligence investigation conducted by other Investor Members with respect to the Company shall be borne solely by such Investor Members,
and (iii) for the avoidance of doubt, the sharing of any Guaranteed Obligation shall be governed by Section 3.2 and not by this Section
4.2.
4.3 Upon
consummation of the Merger and from time to time thereafter, Parent shall or shall cause the Surviving Company to reimburse each party
hereto for, or pay on behalf of such party, as the case may be, all DD Expenses, all Consortium Expenses and all other fees and out-of-pocket
expenses incurred by Consortium Members in connection with the Merger (including reasonable costs and expenses incurred in the defense,
response, pursuit or settlement of any disputes, subpoena, arbitration or litigation relating to this Agreement or the Transactions),
other than the fees, expenses and disbursements of any Separate Advisors engaged pursuant to Section 4.5 (unless they constitute DD Expenses).
4.4 For
the purpose of this Agreement, “Consortium Expenses” means all fees and out-of-pocket expenses incurred by the Consortium
in connection with the Transactions (including without limitations, (i) fees, reasonable expense and disbursements of joint advisors and/or
consultants of the Consortium (the “Consortium Advisors”), but excluding any fees, expenses and disbursement of any
Separate Advisors retained by parties pursuant to Section 4.5 unless and only to the extent such appointment and expenses are otherwise
agreed to by the parties in advance in writing, (ii) fees and expenses incurred in connection with the Escrow Account(s) set up by Parent
and each of the Sponsors pursuant to the terms of Equity Commitment Letters and Escrow Agreement(s), including the fees charged by the
Escrow Agent (each as defined in the Equity Commitment Letters), and (iii) reasonable costs and expenses incurred in the defense, response,
pursuit or settlement of any disputes, subpoena, arbitration or litigation relating to this Agreement or the Transactions (in which cases,
whether such fees and expenses are incurred prior to the termination of this Agreement or not)), in each case as supported by invoice
with reasonable detail and as confirmed by the Founder and CICC.
4.5 For
the purpose of this Section 4, the Consortium Members agree that Skadden, Arps, Slate, Meagher & Flom LLP has been retained and shall
act as U.S. legal counsel to the Consortium as a Consortium Advisor, and King & Wood Mallesons has been retained and shall act as
PRC legal counsel to the Consortium as a Consortium Advisor. Each party may retain other advisor(s) (the “Separate Advisors”)
if such party requires separate representation in connection with specific issues arising out of the Transaction, provided that such party
shall (i) provide prior notice to other Consortium Members, and (ii) subject to Sections 4.1, 4.2, 4.3 and 5 be solely responsible for
the fees and expenses of such Separate Advisors.
4.6 Without
prejudice to anything set forth under Sections 4.1, 4.2 and 4.3, to the extent any Investor Member becomes a Failing Investor, the participation
of which in the Transactions is terminated pursuant to Section 6.2, such Investor Member shall bear its portion to Consortium Expenses,
the DD Expenses and such other fees and expenses incurred prior to the termination of its participation in the Transaction. For the avoidance
of doubt, a Failing Investor which is a Defaulting Party shall bear the full amount of the Consortium Expenses, the DD Expenses and make
other reimbursements pursuant to Section 4.1.
4.7 The
provisions under this Section 4 constitute the entire agreement, and supersede in full, all prior agreements, understanding, negotiations
and statements, both written and oral, among the parties hereto or any of their Affiliates with respect to the subject matter contained
herein.
| 5 | INDEMNIFICATION AND REIMBURSEMENT |
Not with prejudice to anything hereunder, especially
the agreements under Sections 3 and 4, each party hereto (an “Indemnifying Party”) hereby agrees to indemnify, reimburse
and hold harmless the other parties hereto (each, an “Indemnified Party”) from and against all reasonable costs and
expenses (collectively, the “Costs”) actually incurred or accrued by the Indemnified Party (including reasonable fees
and expenses of counsel) in connection with the collection of any unpaid amount due from such party under Sections 3 and 4 of this Agreement.
| 6 | EXCLUSIVITY; SHAREHOLDERS AGREEMENT; NO ACQUISITION OF ADDITIONAL SECURITIES |
6.1 Commencing
from the date hereof and ending on the earlier of (i) the Closing and (ii) the termination of this Agreement pursuant to Section 7.1,
unless otherwise agreed to or consented to in writing in advance by the other parties, each of the Founder and Investor Members shall:
| (a) | work and cause its or his Affiliates (for purpose of this Section 6.1, the Founder’s Affiliates shall not include any Group
Company) to exclusively work with the other parties and their Affiliates to implement the Merger, including to prepare, negotiate and
finalize the transaction documents contemplated herein or otherwise in connection with the Merger; |
| (b) | not enter into any agreement, arrangement or understanding with any other potential investor or acquirer, group of investors or acquirors,
or the Company or any of its Representatives with respect to the subject matter of this Agreement and the Merger Agreement or any other
similar transaction involving the Company; |
| (c) | not, directly or indirectly, either alone or with or through any Affiliates or Representatives authorized to act on its or his behalf
(i) make a Competing Proposal, or solicit, encourage, facilitate or join with any other Person in the making of, any Competing Proposal,
(ii) provide any information to any third party with a view to the third party or any other Person pursuing or considering to pursue a
Competing Proposal, (iii) finance or offer to finance any Competing Proposal, including by offering any equity or debt finance, or contribution
of Shares of the Company or any beneficial ownership thereof or provision of a voting agreement, in support of any Competing Proposal,
(iv) enter into any written or oral agreement, arrangement or understanding (whether legally binding or not) regarding, or do, anything
that is inconsistent with the provisions of this Agreement or the transaction as contemplated under this Agreement, (v) dispose of any
Shares of the Company or any beneficial ownership thereof, or directly or indirectly (A) Transfer or permit the Transfer by any of its
Affiliates of an interest (including without limitation any beneficial interest) in any Shares of the Company, (B) enter into any contract,
option or other arrangement or understanding with respect to a transfer or limitation on voting rights of any of the Shares of the Company
or any beneficial ownership thereof, or any right, title or interest thereto or therein, or (C) deposit any Shares of the Company or any
beneficial interest therein into a voting trust or grant any proxies or enter into a voting agreement, power of attorney or voting trust
with respect to any Shares of the Company, in each case of (A) through (C), except as expressly contemplated or permitted under this Agreement
or the Transaction Documents, (vi) take any action that would reasonably be expected to have the effect of preventing, disabling or delaying
such party from performing its obligations under this Agreement, or (vii) solicit, encourage, facilitate, induce or enter into any negotiation,
discussion, agreement or understanding (whether or not in writing and whether or not legally binding) with any other Person regarding
the matters described in clauses (i) to (vi) above;
|
| (d) | immediately cease and terminate, and cause to be ceased and terminated, all existing activities, discussions, conversations, negotiations
and other communications with all Persons conducted heretofore with respect to a Competing Proposal; and |
| (e) | promptly notify the other parties if it or he or, to its or his knowledge, any of its or his Representatives receives any approach
or communication with respect to any Competing Proposal, including in such notice the identity of the other Persons involved and the nature
and content of the approach or communication, and provide the other parties with copies of any written communication. |
For the avoidance of doubt, nothing in this Section 6.1
shall prevent the Founder or any Affiliate or Representative of any Investor Member from taking any action in his capacity as a director
or officer of the Company, if he determines, in his good faith judgment upon advice by the outside legal counsel of the Company, that
failure to take such action is inconsistent with his fiduciary duties under applicable Law.
For the purpose of this Section 6.1, a “Competing
Proposal” shall mean a proposal, offer or invitation to the Company, a party hereto or any of their respective Affiliates (other
than the Transaction), that relates to a Competing Transaction.
6.2 Notwithstanding
anything to the contrary under this Section 6, in the event that the Closing Conditions (other than the ODI Approval with respect to the
Failing Investor (as defined below)) are satisfied or validly waived (subject to the requirements in Section 1.1), and the Consortium
Members (other than the Failing Investor) are willing to proceed with the Closing, (A) the Founder shall be allowed to solicit, encourage,
facilitate or otherwise invite new investor(s) to join the Consortium for the purpose of consummating the Transactions, and (B) such other
Consortium Members, together with the new investor(s) so identified by the Founder, may proceed with the Closing by first terminating
the participation in the Transactions of any Investor Member (a) that has not (or whose Affiliate has not) obtained the ODI Approval for
its or its Affiliate’s participation in the Transaction as of the later of (x) the date that is six months prior to the Long Stop
Date (which, for the purpose of this Agreement, does not include any extension permitted under the Merger Agreement) and (y) the date
when the Closing Conditions (other than the ODI Approval with respect to the Failing Investor) are satisfied or validly waived (subject
to the requirements in Section 1.1), or (b) that asserts (or whose Affiliate asserts) in writing its or its Affiliate’s unwillingness
to fulfill its Commitment (a “Failing Investor”), such termination right to be exercised by the Founder; provided,
that such termination shall not affect the rights of the remaining Consortium Members against such Failing Investor with respect to such
failure or declination to fund, which rights shall be as provided in Section 3 and Section 4 hereof; provided however in the absence
of any breach of its obligations under Section 2.5 hereof, a failure of any Investor Member to obtain the ODI Approval for its or its
Affiliate’s participation in the Transaction shall not in any event, in and of itself constitute a breach by such Investor Member
or any of its Affiliate of any terms of this Agreement, the Support Agreement, or the Equity Commitment Letters to which such Investor
Member or any of its Affiliate is a party. In the event the Founder terminates a Failing Investor’s participation in the Transactions,
the amount of such Failing Investor’s Equity Commitment shall be offered to new investors in such amounts as may be determined by
the Founder. Notwithstanding anything to the contrary contained herein, (i) from and after the time an Investor Member becomes a Failing
Investor as defined in sub-clause (b) of this Section 6.2, or the Founder terminates the participation in the Transactions of a Failing
Investor as defined in sub-clause (a) of this Section 6.2, the approval or consent of such Failing Investor shall not be required for
any purposes under this Agreement, and (ii) CICC Healthcare will in no event be deemed as a Failing Investor and the Founder may in no
event terminate CICC Healthcare’s participation in the Transactions, in connection with or as a result of any failure to obtain
the ODI Approval required for Tianjin Kangyue’s participation in the Transactions.
6.3 The
parties shall negotiate in good faith and enter into concurrently with the Effective Time a shareholders agreement governing their respective
rights and obligations in the Parent after the consummation of the Transaction, which shall contain terms that are (subject to mutually
agreed changes) consistent with the terms set forth in the SHA Term Sheet, and such other corporate governance and shareholders protective
terms customary for a privately-held company as mutually agreeable to each Consortium Member. In the event that the Consortium Members
are unable to agree on the terms of the shareholders’ agreement, the terms set forth in the SHA Term Sheet shall govern with respect
to the matters set forth therein following the Effective Time and until such time as the Consortium Members enter into a shareholders’
agreement. “SHA Term Sheet” means the term sheet with respect to the key terms of shareholder rights and corporate governance
of Parent attached hereto as Exhibit 1.
6.4 Without
the prior written consent of each other Consortium Member, no Consortium Member may (and such Consortium Member shall cause its Affiliates
not to), directly or indirectly, acquire Beneficial Ownership of any Shares or other Equity Securities in the Company.
7.1 Effectiveness;
Termination. This Agreement shall become effective on the date hereof and shall terminate (except with respect to Sections 3,4, 5
and 7) upon the earlier of (i) the Effective Time of the Merger and (ii) the termination of the Merger Agreement in accordance with its
terms; provided, that any liability for failure to comply with the terms of this Agreement shall survive such termination.
7.2 Amendment.
Any provision of this Agreement may be amended or waived if, and only if, such amendment or waiver is in writing and signed by each party
hereto.
7.3 Severability.
Any term or provision of this Agreement which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be ineffective
to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining terms and provisions of
this Agreement in any other jurisdiction. If any provision of this Agreement is so broad as to be unenforceable, such provision shall
be interpreted to be only as broad as is enforceable.
7.4 Remedies.
Except as otherwise provided herein, any and all remedies herein expressly conferred upon a party will be deemed cumulative with and not
exclusive of any other remedy conferred hereby, or by law or equity upon such party, and the exercise by a party of any one remedy will
not preclude the exercise of any other remedy. No failure or delay on the part of any party hereto in the exercise of any right hereunder
will impair such right or be construed to be a waiver of, or acquiescence in, any breach of any representation, warranty or agreement
herein, nor will any single or partial exercise of any such right preclude other or further exercise thereof or of any other right. The
parties hereby acknowledge and agree that irreparable damage would occur in the event that any of the provisions of this Agreement were
not performed in accordance with their specific terms or were otherwise breached, and damages alone would not be sufficient remedy for
any actual or threatened breach of this Agreement and that each party shall be entitled to seek the remedy of injunction, specific performance
and other legal and equitable relief for any breach of this Agreement (without posting a bond or other security) in additional to any
other remedies available to it at law or in equity.
7.5 Announcement.
No announcements or other public statement regarding the subject matter of this Agreement shall be issued or made by Parent, Merger Sub
or any Consortium Member or any of their respective Affiliates without the prior written consent of all Consortium Members, which consent
shall not be unreasonably withheld, delayed or conditioned, except to the extent that any such announcements or statements are required
by applicable Law, a court of competent jurisdiction, a regulatory body or securities exchange, and then only after the form and terms
of such announcements or statements have been notified to the Consortium Members and the Consortium Members have had a reasonable opportunity
to comment thereon, in each case to the extent reasonably practicable. Notwithstanding the foregoing, any Consortium Member may make any
Schedule 13D filings, or amendments thereto, in respect of the Company that such Consortium Member reasonably believes is required under
applicable Law without the prior written consent of the other Consortium Members, provided that such Consortium Member
shall coordinate with the other Consortium Members in good faith regarding the content and timing of such filings or amendments in connection
with the Transactions.
7.6 Confidentiality.
(a) Except as permitted
under this Section 7.6, each party shall not, and shall direct his or its Affiliates and Representatives not to, disclose any Confidential
Information (as defined below) received by it or him (the “Recipient”) from any other party (the “Discloser”).
Each Party shall not and shall direct his or its Affiliates and Representatives not to, use any Confidential Information for any purpose
other than for the purposes of this Agreement or the Transactions. “Confidential Information” includes (i) all written,
oral or other information obtained in confidence by one party from any other party in connection with this Agreement or the Transactions,
unless such information (A) is already known to such party prior to the disclosure thereof by the Discloser or is provided to such party
by others not known by such party to be bound by a duty of confidentiality to the Discloser, or (B) is or becomes publicly available other
than through a breach of this Agreement by such party or is developed independently by or for such party without using any Confidential
Information, and (ii) the existence or terms of, and any negotiations or discussions relating to, this Agreement and any definitive documentation
in connection with the Transactions, including the Merger Agreement.
(b) Subject to Section
7.6 (c), the Recipient shall safeguard and, upon the termination of this Agreement return to the Discloser or destroy
(in the Recipient’s sole discretion and with written confirmation thereof by the Recipient), on demand, any Confidential Information
which falls within clause (i) of the definition of Confidential Information, provided the Consortium Members may retain (i) copies of
such Confidential Information in order to comply with legal, regulatory or internal policy requirements and (ii) any electronic data stored
on the back-up tapes of the Recipient’s hardware.
(c) Each Party
acknowledges that, in relation to Confidential Information received from the other Parties, the obligations contained in this Section
7.6 shall continue to apply for a period of eighteen (18) months following termination of this Agreement pursuant
to Section 7.1, unless otherwise agreed in writing.
(d) Notwithstanding
anything to the contrary in this Agreement, a party may disclose Confidential Information (i) to those of his or its Affiliates and Representatives
as such party reasonably deems necessary to give effect to or enforce this Agreement, but only on a confidential basis; or (ii) if required
by applicable Law or the rules and regulations of any national securities exchange or Governmental Authority of competent jurisdiction
over a Party or pursuant to whose rules and regulations such disclosure is required to be made, but only after the form and terms of such
disclosure have been notified to the other Parties and the other Parties have had a reasonable opportunity to comment thereon, in each
case to the extent reasonably practicable.
7.7 Governing
Law; Dispute Resolution; Jurisdiction. This Agreement shall be interpreted, construed and governed by and in accordance with the laws
of New York without regard to the conflicts of law principles thereof. Subject to the last sentence of this Section 7.7, any action arising
out of or relating to this Agreement or its subject matter (including a dispute regarding the existence, validity, formation, effect,
interpretation, performance or termination of this Agreement) shall be submitted to HKIAC and resolved in accordance with the Administrative
Arbitration Rules of HKIAC. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English and
the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s) shall nominate
jointly one Arbitrator; the respondent(s) shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated jointly by the
first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or the first
two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time limits specified
by the Administrative Arbitration Rules of HKIAC, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal shall
have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding upon
the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and, for purposes
of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of competent jurisdiction
and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.
7.8 Assignment.
Neither this Agreement nor any of the rights, interests or obligations hereunder shall be assigned by any of the parties hereto (whether
by operation of law or otherwise) without the prior written consent of the other parties, except that this Agreement or any of the rights,
interests or obligations hereunder may be assigned by an Investor Member to an Affiliate of such party hereto or in connection with a
Permitted Syndication; provided that the party making such assignment shall not be released from its obligations hereunder.
Any attempted assignment in violation of this Section 7.8 shall be void.
7.9 Counterparts.
This Agreement may be executed in any number of counterparts (including by e-mail of PDF or scanned versions or facsimile), each such
counterpart when executed being deemed to be an original instrument, and all such counterparts shall together constitute one and the same
agreement.
7.10 No
Recourse. Notwithstanding anything that may be expressed or implied in this Agreement, and notwithstanding the fact that certain of
the Consortium Members may be partnerships, limited liability companies, corporations or other entities, Parent, Merger Sub and each Consortium
Member covenants, agrees and acknowledges that no recourse under this Agreement or any documents or instruments delivered in connection
with this Agreement shall be had against and no personal liability shall attach to, be imposed on or otherwise be incurred by any former,
current or future direct or indirect holder of any equity, stock, general or limited partnership or limited liability company interest,
controlling Person, management company, portfolio company, incorporator, director, officer, employee, agent, advisor, attorney, representative,
Affiliate, members, managers, general or limited partners, shareholders, stockholders, assignees of any Consortium Member (other than
any permitted assignee under Section 7.8) or of any former, current or future direct or indirect holder of any equity, stock, general
or limited partnership or limited liability company interest, controlling Person, management companies, portfolio companies, incorporators,
directors, officers, employees, agents, advisors, attorneys, representatives, Affiliates, members, managers, general or limited partners,
shareholders, stockholders, or assignees (other than any permitted assignee under Section 7.8) of any of the foregoing, as such, whether
by the enforcement of any assessment or by any legal or equitable proceeding, or by virtue of any statute, regulation or other applicable
Law, for any obligation of any Consortium Member under this Agreement or any documents or instruments delivered in connection with this
Agreement for any claim based on, in respect of or by reason of such obligations or their creation (in each case other than against parties
to this Agreement, the Support Agreement, the Equity Commitment Letters, the Limited Guarantees (as applicable) or such other document
or instrument as expressly provided therein and their respective successors and assigns).
7.11 No Third Party Beneficiaries. Except
for the Persons referenced in Section 7.10, each of which is an intended third party beneficiary under Section 7.10, nothing in this Agreement
shall be construed as giving any person, other than the parties hereto and their heirs, successors, legal representatives and permitted
assignees any right, remedy or claim under or in respect of this Agreement or any provision hereof.
7.12 Entire Agreement. This Agreement, the
Merger Agreement, the Limited Guarantees, the Equity Commitment Letters, the Support Agreement and any other agreement or instrument referenced
under any of the foregoing constitute the entire agreement among the parties with respect to the subject matter hereof and supersedes
all prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
7.13 Notice. All notices and other communications
hereunder shall be in writing in the English language and shall be deemed duly given (a) on the date of delivery if delivered personally,
or if by facsimile or email (unless an error message is generated with respect to such delivery by facsimile or email), (b) on the first
Business Day following the date of dispatch if delivered utilizing a next-day service by a recognized next-day courier, or (c) on the
earlier of confirmed receipt or the fifth (5th) Business Day following the date of mailing if delivered by registered or certified mail
(return receipt requested, postage prepaid). All notices hereunder shall be delivered to the addresses set forth below (or at such other
address for a party as shall be specified in a notice given in accordance with this Section 7.13):
(i) If to any Consortium Member, at the address set forth in such Consortium Member’s Equity Commitment Letter and/or the Support Agreement;
(ii) If to Parent or Merger Sub:
| Address: | 1-2/F, Building 11, Zone 1, No. 8 Life Science Parkway, Changping
District, Beijing, 102206, People’s Republic of China |
| Attention: | Mr. Sizhen Wang |
7.14 Definitions. For the purposes of this
Agreement:
“Affiliate” shall have the meaning
ascribed to such term in Rule 12b-2 under the U.S. Securities Exchange Act of 1934, as amended, including, for the avoidance of doubt,
with respect to an Investor Member, any affiliated investment funds or investment vehicles that are advised, managed or sponsored by the
general partner or investment manager of such Investor Member or any Affiliate thereof; provided, however, that with respect only
to Investor Members that are private equity funds in the business of making investments in portfolio companies managed independently,
including without limitation, Tianjin Kangyue and CICC Healthcare, no portfolio company of any such Investor Member or its Affiliates
(including any portfolio company of any affiliated investment fund or investment vehicle of the Investor Member or such funds) shall be
deemed to be an Affiliate of such Investor Member; provided further that solely for the purposes of Sections 6 and 7.5, “Affiliate”
of Tianjin Kangyue means any Subsidiary of Tianjin Kangyue, and “Affiliate” of CICC Healthcare means any Subsidiary of CICC
Healthcare.
7.15 No use of Name or Logo
Without the prior written consent of CICC, no party
(other than CICC) shall, and each such party shall cause its Affiliates not to, (a) use in advertising, publicity, announcements, or otherwise,
the name of CICC, or any of its Affiliates, including “China International Capital Corporation”, “中国国际金融股份有限公司”,
“CICC”, “中金公司”, “CICC
Capital”, “中金资本”, either
alone or in combination with any associated devices and logos of the above brands or any company name, trade name, trademark, service
mark, domain name, device, design, symbol or any abbreviation, contraction or simulation thereof owned or used by CICC or any of its Affiliates,
except in connection with the use of such name in the Proxy Statement, the Schedule 13E-3 or any other filing or notification with any
Governmental Authority in connection with the Transactions, or (b) represent, directly or indirectly, that any products or services provided
by such party have been approved or endorsed by CICC or any of their Affiliates.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, each of
the undersigned has duly executed this Agreement as of the date first written above.
|
Mr. Sizhen Wang |
|
|
|
/s/ Sizhen Wang |
[Signature Page to Interim Investor Agreement]
IN WITNESS WHEREOF, each of
the undersigned has duly executed this Agreement as of the date first written above.
|
Wuxi Huihongyingkang Investment
Partnership (Limited Partnership) |
|
|
|
/seal/ |
|
|
|
/s/ Chunlei Zhang |
|
By: |
Chunlei Zhang |
|
Title: |
Authorized Representative of
Executive Partner |
[Signature Page to Interim Investor Agreement]
IN WITNESS WHEREOF, each of
the undersigned has duly executed this Agreement as of the date first written above.
|
Wealth Strategy Holding Limited |
|
|
|
/s/ Kung Hung Ka |
|
By: |
Kung Hung Ka |
|
Title: |
Director |
[Signature Page to Interim Investor Agreement]
IN WITNESS WHEREOF, each of
the undersigned has duly executed this Agreement as of the date first written above.
|
Surrich International Co., Ltd. |
|
(鍚洲国际有限公司) |
|
|
|
/s/ PENG Yanbao |
|
By: |
PENG Yanbao (彭焰宝) |
|
Title: |
Director |
[Signature Page to Interim Investor Agreement]
IN WITNESS WHEREOF, each of
the undersigned has duly executed this Agreement as of the date first written above.
|
CICC Healthcare Investment Fund, L.P. |
|
|
|
By: |
CICC Healthcare Investment Management Limited, its general partner |
|
|
|
By: |
/s/ Xia Wu |
|
Name: |
Xia Wu |
|
Title: |
Director |
|
|
|
/s/ Jin Wang |
|
Name: |
Jin Wang |
|
Title: |
Director |
[Signature Page to Interim Investor Agreement]
IN WITNESS WHEREOF, each of
the undersigned has duly executed this Agreement as of the date first written above.
|
Tianjin Kangyue Business
Management Partnership (Limited Partnership) 天津康悦企业管理合伙企业(有限合伙) |
|
|
|
By: |
/seal/ Tianjin Kangyue Business Management Partnership (Limited Partnership) |
|
/s/ Xia Wu |
|
Name: |
Xia Wu |
|
Title: |
Authorized Signatory |
[Signature Page to Interim Investor Agreement]
IN WITNESS WHEREOF, each of
the undersigned has duly executed this Agreement as of the date first written above.
|
CCB (Beijing) Investment Fund Management Co., Ltd. |
|
|
|
/seal/ |
|
|
|
/s/ Yeqiang Wang |
|
By: |
Yeqiang Wang |
|
Title: |
Legal Representative |
[Signature Page to Interim Investor Agreement]
IN WITNESS WHEREOF,
each of the undersigned has duly executed this Agreement as of the date first written above.
|
New Genetron Holding Limited |
|
|
|
/s/ Sizhen Wang |
|
By: |
Sizhen Wang |
|
Title: |
Director |
[Signature Page to Interim Investor Agreement]
IN WITNESS WHEREOF, each of
the undersigned has duly executed this Agreement as of the date first written above.
|
Genetron New Co Limited |
|
|
|
/s/ Sizhen Wang |
|
By: |
Sizhen Wang |
|
Title: |
Director |
[Signature Page to Interim Investor Agreement]
SCHEDULE 1
EXHIBIT 1
Exhibit 4
Execution
Version
ROLLOVER AND SUPPORT AGREEMENT
This ROLLOVER AND SUPPORT
AGREEMENT (this “Agreement”) is entered into as of October 11, 2023 by and between New Genetron Holding Limited, an
exempted company with limited liability incorporated under the Laws of the Cayman Islands (“Parent”)
and the persons set forth on Schedule A hereto (each, a “Rollover Shareholder”, and collectively, “Rollover
Shareholders”). Capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Merger Agreement
(as defined below).
WHEREAS, Parent, Genetron
New Co Limited, an exempted company with limited liability incorporated under the Laws of the Cayman Islands and a wholly owned Subsidiary
of Parent (“Merger Sub”), and Genetron Holdings Limited, an exempted company with limited liability incorporated under
the Laws of the Cayman Islands (the “Company”) have, concurrently with the execution of this Agreement, entered into
an Agreement and Plan of Merger, dated as of the date hereof (as amended, restated or supplemented from time to time, the “Merger
Agreement”), which provides, among other things, for the merger of Merger Sub with and into the Company, with the Company continuing
as the surviving company and a wholly owned Subsidiary of Parent (the “Merger”), upon the terms and subject to the
conditions set forth therein;
WHEREAS, on the date hereof,
each of the Sponsors (or their respective Affiliates, as defined in the Merger Agreement), Mr. Sizhen Wang, Parent and Merger Sub entered
into an Interim Investor Agreement (as may be amended, supplemented or otherwise modified from time to time, the “Interim Investor
Agreement”), which governs certain actions of the parties thereto with respect to the Merger Agreement, the Equity Commitment
Letters, the Limited Guarantees and certain other matters;
WHEREAS, as of the date hereof,
each Rollover Shareholder is a “beneficial owner” (which, for the purpose of this agreement, shall have the meaning as defined
in Rule 13d-3 under the Exchange Act) of the Shares (including, for the purpose of this Agreement, Shares represented by ADSs) as set
forth opposite its or his name on Schedule A (with respect to each Rollover Shareholder, the “Rollover Shares”)
(the Rollover Shares, together with any other Shares or Equity Securities of the Company acquired, whether beneficially or of record,
by such Rollover Shareholder after the date hereof and prior to the earlier of the Effective Time and the termination of all of such Rollover
Shareholder’s obligations under this Agreement, including any Shares acquired by means of purchase, dividend or distribution, or
issued upon the exercise or vesting of any award under any Company Share Plan, or any other options or warrants, or the conversion of
any convertible securities or otherwise, being collectively referred to herein as the “Securities”);
WHEREAS, in order to induce
Parent and Merger Sub to enter into the Merger Agreement and consummate the Transactions and in connection with the consummation of the
Merger, each Rollover Shareholder agrees to (a) on the terms and subject to the conditions herein, vote all of the Securities in favor
of the authorization and approval of the Merger Agreement, the Plan of Merger and the consummation of the Transactions, and (b) have its
or his Rollover Shares cancelled for no cash consideration in exchange for newly issued ordinary shares, par value US$0.0001 per share,
of Parent (the “Parent Shares”), upon the terms and conditions set forth herein;
WHEREAS, the Rollover Shareholders
acknowledge that Parent and Merger Sub are entering into the Merger Agreement in reliance on the representations, warranties, covenants
and other agreements of the Rollover Shareholders set forth in this Agreement; and
NOW, THEREFORE, in consideration
of the foregoing, the mutual covenants and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency
of which is hereby acknowledged, the parties hereto agree as follows:
Article I
VOTING; GRANT AND APPOINTMENT OF PROXY
Section 1.1 Voting.
During the period commencing on the date hereof and continuing until the termination of this Agreement in accordance with its terms (the
“Term”), at the Shareholders Meeting or any other meeting (whether annual or extraordinary) of the shareholders of
the Company, however called, at which any of the matters described in paragraphs (a) through (f) hereof is to be considered (and any
adjournment or postponement thereof), or in connection with any written resolution of the Company’s shareholders, each Rollover
Shareholder hereby irrevocably and unconditionally agrees that it or he shall, and shall cause its or his Affiliates to, (i) in the case
of a meeting, appear or cause its or his representative(s) to appear at such meeting or otherwise cause its or his Securities to be counted
as present thereat for purposes of determining whether a quorum is present and (ii) vote or cause to be voted (including by proxy or
written resolution, if applicable) all of such Rollover Shareholder’s Securities:
(a)
in favor of the authorization and approval of the Merger Agreement, the Plan of Merger and the Transactions,
(b)
against the approval of any Competing Transaction or any action contemplated by a Competing Transaction, or any other transaction,
proposal, agreement or action made in opposition to the authorization or the approval of the Merger Agreement or in competition with,
mutually exclusive with or inconsistent with the Merger and the other Transactions,
(c) against any other
action, agreement or transaction that is intended, that would reasonably be expected, or the effect of which would reasonably be
expected, to impede, interfere with, delay, postpone, discourage or adversely affect the Merger or any of the other Transactions or
this Agreement or the performance by such Rollover Shareholder of its or his obligations under this Agreement including, without
limitation: (i) any extraordinary corporate transaction, such as a scheme of arrangement, merger, consolidation or other business
combination involving the Company or any of its Subsidiaries, other than the Merger; (ii) a sale, lease or transfer of a material
amount of assets of the Company or any of its Subsidiaries or a reorganization, recapitalization or liquidation of the Company or
any of its Subsidiaries; (iii) an election of new members to the board of directors of the Company, other than nominees to the board
of directors of the Company who (x) are serving as directors of the Company on the date of this Agreement or as otherwise provided
in the Merger Agreement or (y) replace directors of the Company appointed by such Rollover Shareholder; (iv) any material change in
the present capitalization or dividend policy of the Company or any amendment to the Company’s memorandum or articles of
association, except if approved in writing by Parent; or (v) any other action that would require the consent of Parent pursuant to
the Merger Agreement, except if approved in writing by Parent,
(d)
against any action, proposal, transaction or agreement that would reasonably be expected to result in a breach in any respect of
any covenant, representation or warranty or any other obligation or agreement of the Company contained in the Merger Agreement, or of
such Rollover Shareholder contained in this Agreement,
(e)
in favor of any adjournment or postponement of the Shareholders Meeting or other annual or extraordinary meeting of the shareholders
of the Company, however called, at which any of the matters described in paragraphs (a) through (f) hereof is to be considered as may
be reasonably requested by Parent in order to consummate the Transactions, including the Merger, and
(f)
in favor of any other matter necessary or reasonably requested by Parent to effect the Transactions.
Section 1.2 Grant of Irrevocable Proxy;
Appointment of Proxy.
(a)
Each Rollover Shareholder hereby irrevocably and unconditionally appoints Parent and any designee thereof, each of them individually,
as its or his true and lawful proxy and attorney-in-fact (with full power of substitution), to vote or cause to be voted (including by
proxy or written resolution, if applicable) the Securities solely in respect of the matters described in and in accordance with Section
1.1 above at the Shareholders Meeting or other annual or extraordinary meeting of the shareholders of the Company, however called,
including any adjournment or postponement thereof, at which any of the matters described in Section 1.1 above is to be considered.
Each Rollover Shareholder represents that all proxies, powers of attorney, instructions or other requests given by it or him prior to
the execution of this Agreement in respect of the voting of its or his Securities, if any, have been revoked or substituted by Parent
and any designee thereof with respect to such Rollover Shareholder’s Securities to the extent that such prior proxies, powers of
attorney, instructions or other requests conflict or are inconsistent with the proxy granted under this Section 1.2. Each Rollover
Shareholder shall take (or cause to be taken) such further action or execute such other instruments as may be necessary to give effect
to this proxy.
(b)
Each Rollover Shareholder affirms that the irrevocable proxy set forth in this Section 1.2 is given in connection with the
execution of the Merger Agreement, and that such irrevocable proxy is given to secure the performance of the duties of such Rollover Shareholder
under this Agreement. Each Rollover Shareholder further affirms that the irrevocable proxy is coupled with an interest and, except as
set forth in this Section 1.2, is intended to be durable and irrevocable prior to the termination of this Agreement. If for any
reason the proxy granted herein is not irrevocable, then such Rollover Shareholder agrees to vote its or his respective Securities in
accordance with Section 1.1 above as instructed in writing by Parent, or any designee of Parent prior to the termination of this
Agreement.
Section 1.3 Restrictions
on Transfer. Except as provided for in Article III below or pursuant to the Merger Agreement, each Rollover Shareholder
hereby agrees that, from the date hereof until the termination of this Agreement, it or he shall not, and shall cause its or his
respective Affiliates not to, directly or indirectly, (a) dispose of any Securities of the Company or any beneficial ownership
thereof, or directly or indirectly (x) sell, transfer, assign, tender in any tender or exchange offer, pledge, grant, encumber,
hypothecate or otherwise similarly dispose of (by merger, testamentary disposition, operation of law or otherwise) (collectively,
“Transfer”) or permit the Transfer by any of its Affiliates of an interest (including without limitation any
beneficial interest) in any Securities of the Company, (y) enter into any Contract, option or other arrangement or understanding
with respect to a Transfer or limitation on voting rights of any of the Securities of the Company or any beneficial ownership
thereof, or any right, title or interest thereto or therein, unless such Transfer is a Permitted Transfer, (b) deposit any
Securities into a voting trust or enter into a voting agreement or arrangement or grant any proxy or power of attorney with respect
thereto that is inconsistent with this Agreement, (c) exercise, convert or exchange, or take any action that would result in the
exercise, conversion or exchange, of any Securities, or (d) agree (whether or not in writing) to take any of the actions referred to
in the foregoing clauses (a) through (c). Any purported Transfer or any Contract, option or other arrangement or understanding with
respect to the Transfer of any Securities or any interest therein (a “Derivative Transaction”) in violation of
this Section 1.3 shall be null and void.
Article II
NO SOLICITATION
Section 2.1
Restricted Activities. During the Term, each Rollover Shareholder, solely in its or his capacity as a shareholder of the
Company, shall not, directly or indirectly, either alone or with or through any Affiliates or Representatives authorized to act on its
or his behalf: (i) make a Competing Proposal, or solicit, encourage, facilitate or join with any other Person in the making of, any Competing
Proposal, (ii) provide any information to any third party with a view to the third party or any other Person pursuing or considering to
pursue a Competing Proposal, (iii) finance or offer to finance any Competing Proposal, including by offering any equity or debt finance,
or contribution of Securities of the Company or any beneficial ownership thereof or provision of a voting agreement, in support of any
Competing Proposal, (iv) enter into any written or oral agreement, arrangement or understanding (whether legally binding or not) regarding,
or do, anything that is inconsistent with the provisions of this Agreement or the transaction as contemplated under this Agreement or
(v) or solicit, encourage, facilitate, induce or enter into any negotiation, discussion, agreement or understanding (whether or not in
writing and whether or not legally binding) with any other Person regarding the matters described in clauses (i) to (iv) above. For the
purpose of this Agreement, “Competing Proposal” shall mean a proposal, offer or invitation to the Company, a party hereto
or any of their respective Affiliates (other than the Transaction), that relates to a Competing Transaction.
Section 2.2 Notification.
Each Rollover Shareholder, solely in its or his capacity as a shareholder of the Company, shall and shall cause its or his
Affiliates as applicable to, immediately cease and cause to be terminated any discussions or negotiations with any parties that may
have been conducted heretofore with respect to a Competing Proposal. During the Term, each Rollover Shareholder shall promptly
advise each other party of (a) any Competing Proposal, (b) any request for non-public information relating to the Company or any of
its Subsidiaries, and (c) any inquiry or request for discussion or negotiation regarding a Competing Proposal, in each case of (a)
through (c), to the extent received by it or him in its or his capacity as a shareholder of the Company, including in each case the
identity of the person making any such Competing Proposal or indication or inquiry and the terms (including any material changes
thereto) of any such Competing Proposal or indication or inquiry (including, if applicable, copies of any written requests,
proposals or offers, including proposed agreements). This Section 2.2 shall not apply to any Competing Proposal received by
the Company.
Section 2.3 Capacity.
Notwithstanding anything to the contrary in this Agreement, (i) each Rollover Shareholder is entering into this Agreement, and agreeing
to become bound hereby, solely in its or his capacity as a beneficial owner of the Securities owned by it or him and not in any other
capacity (including without limitation any capacity as a director or officer of the Company) and (ii) nothing in this Agreement shall
obligate such Rollover Shareholder or its Affiliates to take, or refrain from taking, any action in such person’s capacity as a
director or officer of the Company.
Article III
ROLLOVER
Section 3.1 Cancellation
of Rollover Shares. Subject to the terms and conditions set forth herein, all of each Rollover Shareholder’s right, title and
interest in and to its or his Rollover Shares shall be cancelled at the Closing for no cash consideration. Each Rollover Shareholder
shall take all actions necessary to cause its or his Rollover Shares to be treated as set forth herein. Other than its or his Rollover
Shares, all Equity Securities of the Company held by such Rollover Shareholder, if any, shall be treated as set forth in the Merger Agreement
and not be affected by the provisions of this Agreement.
Section 3.2 Issuance
of Parent Shares. Immediately prior to the Closing, in consideration for the cancellation of the Rollover Shares by each Rollover
Shareholder in accordance with Section 3.1, Parent shall issue Parent Shares in the name of such Rollover Shareholder (or, if
designated by such Rollover Shareholder, one or more Permitted Transferees of such Rollover Shareholder) in the amount set forth opposite
such Rollover Shareholder’s name under the column titled “Parent Shares” on Schedule A hereto. Each Rollover
Shareholder hereby acknowledges and agrees that (a) delivery of such Parent Shares shall constitute complete satisfaction of all obligations
towards or sums due to such Rollover Shareholder by Parent and Merger Sub in respect of the Rollover Shares held by such Rollover Shareholder
and cancelled pursuant to Section 3.1 above, and (b) such Rollover Shareholder shall have no right to any Per Share Merger Consideration,
or any other merger consideration in respect of the Rollover Shares held by such Rollover Shareholder. No Parent Shares issued in connection
with the Merger shall be issued at a lower price per share than the Parent Shares issued hereunder (it being understood that the Parent
Shares issued hereunder are deemed to be issued at a price per share based on each Rollover Share having a value equal to the Per Share
Merger Consideration).
Section 3.3 Rollover
Closing. Subject to the satisfaction in full (or waiver, if permissible) of all of the conditions set forth in Article VII of
the Merger Agreement (other than conditions that by their nature are to be satisfied or waived, as applicable, at the Closing), the
closing of the issuance of Parent Shares contemplated hereby (the “Rollover Closing”) shall take place
immediately prior to the Closing. At the Rollover Closing, Parent shall deliver to each Rollover Shareholder an updated register of
members of Parent, certified by the registered office provider of Parent, evidencing the ownership of the Parent Shares issued to
such Rollover Shareholder or its designee pursuant to Section 3.2. As promptly as practicable but in any event no later than
five (5) Business Days after the Rollover Closing, Parent shall deliver to such Rollover Shareholder(s) the original share
certificate(s) for the Parent Shares issued to such Rollover Shareholder or its designee pursuant to Section 3.2.
Section 3.4
Deposit of Rollover Shares. No later than three (3) Business Days prior to the Rollover Closing, each Rollover Shareholder
and any agent of such Rollover Shareholder holding certificates evidencing any of its or his Rollover Shares (if any) shall deliver or
cause to be delivered to Parent all certificates representing its or his Rollover Shares in such person’s possession, for disposition
in accordance with the terms of this Agreement; such certificates and documents shall be held by Parent or any agent authorized by Parent
until the Closing. To the extent that any Rollover Shares of a Rollover Shareholder are held in street names, book entries or otherwise
represented by ADSs, such Rollover Shareholder shall execute such instruments and take such other actions, in each case, as are reasonably
requested by Parent to reflect or give effect to the cancellation of such Rollover Shares in accordance with this Agreement, including
converting its or his ADSs into Shares prior to the Rollover Closing and paying any applicable fees, charges and expenses of the Company’s
depositary and government charges due to or incurred by the Company’s depositary in connection with the conversion of its or his
ADSs into Shares.
Article IV
REPRESENTATIONS, WARRANTIES AND COVENANTS
OF THE ROLLOVER SHAREHOLDERS
Section 4.1 Representations
and Warranties. Each Rollover Shareholder hereby represents and warrants to Parent, severally and not jointly (including not
jointly and severally), as of the date hereof and as of the Rollover Closing:
(a)
Other than subject to terms of certain agreement(s) otherwise disclosed in the Schedule C hereto (in each case as applicable),
such Rollover Shareholder has full legal right, power, capacity and authority to execute and deliver this Agreement, to perform such Rollover
Shareholder’s obligations hereunder and to consummate the transactions contemplated hereby;
(b)
if such Rollover Shareholder is not a natural person, such Rollover Shareholder is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its formation;
(c)
this Agreement has been duly executed and delivered by such Rollover Shareholder and the execution, delivery and performance of
this Agreement by such Rollover Shareholder and the consummation of the transactions contemplated hereby have been duly authorized by
all necessary action on the part of such Rollover Shareholder (if applicable) and no other actions or proceedings on the part of such
Rollover Shareholder (if applicable) are necessary to authorize this Agreement or to consummate the transactions contemplated hereby;
(d)
assuming due authorization, execution and delivery by Parent, this Agreement constitutes a legal, valid and binding agreement
of such Rollover Shareholder, enforceable against such Rollover Shareholder in accordance with its terms, except as enforcement may be
limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’ rights generally and
by general principles of equity (regardless of whether considered in a proceeding in equity or at law);
(e)
(i) except as described herein, such Rollover Shareholder (A) is and, immediately prior to the Rollover Closing, will be the beneficial
owner of, and has and, immediately prior to the Rollover Closing, will have good and valid title to, the Securities (unless such Securities
are Transferred via a Permitted Transfer), free and clear of Liens other than as created by this Agreement or the Interim Investor Agreement
(to the extent applicable), or arising under the memorandum or articles of association of the Company, and (B) has and, immediately prior
to the Rollover Closing, will have sole or shared (together with its Affiliates) voting power, power of disposition, power to demand dissenter’s
rights (subject to Section 4.2(b)) and power to agree to all of the matters set forth in this Agreement, with respect to all of
the Securities, with no limitations, qualifications, or restrictions on such rights, in each case of the foregoing clauses (A) and (B),
subject to transfer restriction imposed by generally applicable securities Laws and the terms of this Agreement; (ii) except as described
herein, there are no options, warrants or other rights, agreements, arrangements or commitments of any character to which such Rollover
Shareholder is a party relating to the pledge, disposition or voting of any of the Securities, and the Securities are not subject to any
voting trust agreement or other Contract to which such Rollover Shareholder is a party restricting or otherwise relating to the voting
or Transfer of the Securities other than this Agreement, the Interim Investor Agreement or pursuant to a certain concert party agreement
entered into by and among Mr. Sizhen Wang’s affiliate and certain other partiers thereto on November 19, 2019; (iii) such Rollover
Shareholder has not Transferred any Securities or any interests therein pursuant to any Derivative Transaction; and (iv) such Rollover
Shareholder has not appointed or granted any proxy or power of attorney that is still in effect with respect to any of its or his Securities,
except to the Parent as contemplated by Section 1.2 of this Agreement;
(f) except
for the applicable requirements of the Exchange Act or as described herein, (i) no filing with, and no permit, authorization,
consent or approval of, any Governmental Authority prior to the Rollover Closing is necessary on the part of such Rollover
Shareholder for the execution, delivery and performance of this Agreement by such Rollover Shareholder or the consummation by such
Rollover Shareholder of the transactions contemplated hereby, and (ii) neither the execution, delivery or performance of this
Agreement by such Rollover Shareholder nor the consummation by such Rollover Shareholder of the transactions contemplated hereby,
nor compliance by such Rollover Shareholder with any of the provisions hereof shall (A) if such Rollover Shareholder is not a
natural person, conflict with or violate any provision of the organizational documents of such Rollover Shareholder, (B) result in
any breach or violation of, or constitute a default (or an event which, with notice or lapse of time or both, would become a
default) under, or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation
of a Lien on property or assets of such Rollover Shareholder pursuant to any Contract to which such Rollover Shareholder is a party
or by which such Rollover Shareholder or any property or asset of such Rollover Shareholder is bound, (C) violate any Law applicable
to such Rollover Shareholder or any of such Rollover Shareholder’s properties or assets, or (D) otherwise require the consent
or approval of any other person pursuant to any Contract binding on such Rollover Shareholder or its or his properties or
assets;
(g)
there is no Action pending against such Rollover Shareholder or, to the knowledge of such Rollover Shareholder, any other person
or, to the knowledge of such Rollover Shareholder, threatened against such Rollover Shareholder or any other person that restricts or
prohibits (or, if successful, would restrict or prohibit) the performance by such Rollover Shareholder of its or his obligations under
this Agreement;
(h)
such Rollover Shareholder has been afforded the opportunity to ask such questions as it or he has deemed necessary of, and to receive
answers from, representatives of Parent concerning the terms and conditions of the transactions contemplated hereby and the merits and
risks of owning the Parent Shares and such Rollover Shareholder acknowledges that it or he has been advised to discuss with its or his
own counsel the meaning and legal consequences of such Rollover Shareholder’s representations and warranties in this Agreement and
the transactions contemplated hereby; and
(i) such Rollover Shareholder
understands and acknowledges that Parent, Merger Sub and the Company are entering into the Merger Agreement in reliance upon such Rollover
Shareholder’s execution, delivery and performance of this Agreement.
Section 4.2 Covenants. Each Rollover
Shareholder hereby:
(a)
agrees, prior to the termination of this Agreement, not to knowingly take any action that would make any representation or warranty
of such Rollover Shareholder contained herein untrue or incorrect or have or could have the effect of preventing, impeding or interfering
with or adversely affecting the performance by such Rollover Shareholder of its or his obligations under this Agreement or that is intended,
or would reasonably be expected, to impede, frustrate, interfere with, delay, postpone, adversely affect or prevent the consummation of
the Merger or the other transactions contemplated by the Merger Agreement or this Agreement or the performance by the Company of its obligations
under the Merger Agreement;
(b)
irrevocably waives, and agrees not to exercise, any rights of appraisal or rights of dissent from the Merger that such Rollover
Shareholder may have with respect to such Rollover Shareholder’s Securities (including any rights under Section 238 of the
CICL) prior to the termination of this Agreement;
(c)
agrees to permit the Company to publish and disclose in the Proxy Statement (including all documents filed with the SEC in accordance
therewith), such Rollover Shareholder’s identity and beneficial ownership of Shares or other equity securities of the Company and
the nature of such Rollover Shareholder’s commitments, arrangements and understandings under this Agreement;
(d)
agrees and covenants that, without the prior written consent of each other Rollover Shareholder, such Rollover Shareholder shall
not (and shall cause its Affiliates not to), directly or indirectly, acquire Beneficial Ownership of any Shares or other Equity Securities
in the Company (for the avoidance of doubt, such Rollover Shareholder and its Affiliates may acquire Parent Shares pursuant to their respective
Equity Commitment Letters, if any); and
(e)
agrees further that, upon request of Parent, such Rollover Shareholder shall execute and deliver any additional documents, consents
or instruments and take such further actions as may reasonably be determined by Parent to be necessary or desirable to carry out the provisions
of this Agreement.
Article V
REPRESENTATIONS
AND WARRANTIES OF PARENT
Parent hereby represents and warrants to each Rollover
Shareholder that as of the date hereof and as of the Closing:
(a)
Parent is duly organized, validly existing and in good standing under the Laws of the Cayman Islands and has all requisite power
and authority to execute and deliver this Agreement and to perform its obligations hereunder and to consummate the transactions contemplated
hereby. This Agreement has been duly and validly executed and delivered by Parent, and the execution, delivery and performance of this
Agreement by Parent and the consummation of the transactions contemplated hereby have been duly authorized by all necessary corporate
action on the part of Parent and no other corporate actions or proceedings on the part of Parent are necessary to authorize this Agreement
or to consummate the transactions contemplated hereby. Assuming due authorization, execution and delivery by each Rollover Shareholder,
this Agreement constitutes a legal, valid and binding obligation of Parent, enforceable against Parent in accordance with its terms, except
as enforcement may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar Laws affecting creditors’
rights generally and by general principles of equity (regardless of whether considered in a proceeding in equity or at law). Merger Sub
is wholly-owned by Parent.
(b)
Except for the applicable requirements of the Exchange Act and Laws of the Cayman Islands, (i) no filing with, and no permit, authorization,
consent or approval of, any Governmental Authority is necessary on the part of Parent for the execution, delivery and performance of this
Agreement by Parent or the consummation by Parent of the transactions contemplated hereby, and (ii) neither the execution, delivery or
performance of this Agreement by Parent, nor the consummation by Parent of the transactions contemplated hereby, nor compliance by Parent
with any of the provisions hereof shall (A) conflict with or violate any provision of its organizational documents, (B) result in any
breach or violation of, or constitute a default (or an event which, with notice or lapse of time or both, would become a default) under,
or give to others any rights of termination, amendment, acceleration or cancellation of, or result in the creation of a Lien on such property
or asset of Parent pursuant to any Contract to which Parent is a party or by which Parent or any of its property or asset is bound or
affected, (C) violate any Law applicable to Parent or any of its properties or assets, or (D) otherwise require the consent or approval
of any other person pursuant to any Contract binding on Parent or its properties or assets.
(c) At the Rollover
Closing, the Parent Shares to be issued under this Agreement shall have been duly and validly authorized and when issued and
delivered in accordance with the terms hereof, will be validly issued, fully paid and nonassessable ordinary shares of Parent, free
and clear of all Liens, other than restrictions (i) arising under applicable securities Laws, (ii) arising under any agreements
entered into at or prior to the Rollover Closing by each Rollover Shareholder pursuant to the transactions contemplated by the
Merger Agreement, or (iii) arising under the organizational documents of Parent.
(d)
As of the date hereof, the authorized share capital of Parent is US$50,000 divided into 500,000,000 shares, par value US$0.0001
per share, of which, as of the date hereof, one share (the “Initial Share”) is issued and outstanding, each of which
is duly authorized. validly issued, fully paid, non-assessable and wholly owned by FHP Holdings Limited. At and immediately after the
Rollover Closing, the authorized share capital of Parent shall consist of 500,000,000 Parent Shares, of which, assuming the due performance
by each Rollover Shareholder of its obligations under this Agreement, the Parent Shares as set forth in Schedule A to be issued
pursuant to the terms herein, together with the Parent Shares to be issued pursuant to the Interim Investor Agreement and the Equity Commitment
Letters and share incentive awards to be issued pursuant to the Merger Agreement, shall be all of the Parent Shares outstanding at and
immediately after the Rollover Closing. Except as set forth in the preceding sentence, those disclosed by the Company in the Company Disclosure
Schedule to the Merger Agreement or otherwise agreed to by the parties in writing in advance, at and immediately after the Rollover Closing,
there shall be (i) no outstanding share capital of or voting or equity interest in Parent, (ii) no options, warrants, or other rights
to acquire any share capital of or voting or equity interest in Parent, (iii) no outstanding securities exchangeable or exercisable for
or convertible into share capital of or voting or equity interest in Parent, and (iv) no outstanding rights to acquire or obligations
to issue any such options, warrants, other rights or securities of Parent.
(e)
Other than the Buyer Group Contracts, there are no Contracts, agreement, arrangement or understanding relating to the Transactions
among Parent or any of its Affiliates, on the one hand, and any Rollover Shareholder or any of its Affiliates, on the other hand.
(f)
As of the date hereof, there is no Action pending against Parent or, to the knowledge of Parent, threatened against Parent that
restricts or prohibits (or, if successful, would restrict or prohibit) the performance by Parent of its obligations under this Agreement.
(g)
Parent has no, and prior to the Effective Time, will have no, assets (including any equity or other interest in any Person other
than Parent’s equity interests in Merger Sub), liabilities or obligations of any nature other than those incident to its formation
and capitalization pursuant to this Agreement, the Merger Agreement and the Transactions.
Article VI
TERMINATION
This Agreement, and the
obligations of each Rollover Shareholder hereunder (including, without limitation, Section 1.2 hereof), shall terminate and
be of no further force or effect immediately upon the earlier to occur of (a) the Closing and (b) the date of termination of the
Merger Agreement in accordance with its terms. Notwithstanding the preceding sentence, this Article VI and Article VII
shall survive any termination of this Agreement. Nothing in this Article VI shall relieve or otherwise limit any
party’s liability for any breach of this Agreement prior to the termination of this Agreement. If for any reason the Merger
fails to occur but the Rollover Closing contemplated by Article III has already taken place, then Parent shall promptly take
all such actions as are necessary to restore each Rollover Shareholder to the position it or he was in with respect to ownership of
its or his Rollover Shares prior to the Rollover Closing.
Article VII
MISCELLANEOUS
Section 7.1 Notices.
All notices and other communications hereunder shall be in writing in the English language and shall be deemed duly given (a) on
the date of delivery if delivered personally or if by facsimile or email (unless an error message is generated with respect to such delivery
by facsimile or email), (b) on the first Business Day following the date of dispatch if delivered utilizing a next-day service by a recognized
next-day courier, or (c) on the earlier of confirmed receipt or the fifth (5th) Business Day following the date of mailing if delivered
by registered or certified mail (return receipt requested, postage prepaid). All notices hereunder shall be delivered to the addresses
set forth below (or at such other address for a party as shall be specified in a notice given in accordance with this Section 7.1):
(i) If to a
Rollover Shareholder, to the addresses set opposite its or his name as set forth on Schedule A;
(ii) If to Parent:
| Address: | 1-2/F, Building 11, Zone 1, No. 8 Life Science Parkway, Changping
District, Beijing, 102206, People’s Republic of China |
| Attention: | Mr. Sizhen Wang |
Section 7.2 Severability. Whenever
possible, each provision or portion of any provision of this Agreement shall be interpreted in such manner as to be effective and valid
under applicable Law, but if any provision or portion of any provision of this Agreement is held to be invalid, illegal or unenforceable
in any respect under any applicable Law in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other
provision or portion of any provision in such jurisdiction, and this Agreement shall be reformed, construed and enforced in such jurisdiction
as if such invalid, illegal or unenforceable provision or portion of any provision had never been contained herein.
Section 7.3 Entire
Agreement. This Agreement, the Merger Agreement, the Limited Guarantees, the Equity Commitment Letters, the Interim Investor Agreement
and any other agreement or instrument delivered in connection with the transaction contemplated by this Agreement or the Merger Agreement
constitute the entire agreement among the parties with respect to the subject matter hereof and supersedes all prior agreements and undertakings,
both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
Section 7.4 Specific
Performance.
(i) The parties hereto agree that this
Agreement shall be enforceable by all available remedies at law or in equity.
(ii) Each party acknowledges
and agrees that monetary damages would not be an adequate remedy in the event that any covenant or agreement of such party in this Agreement
is not performed in accordance with its terms, and therefore agrees that, in addition to and without limiting any other remedy or right
available to the other parties, each other party will have the right to an injunction, temporary restraining order or other equitable
relief in any court of competent jurisdiction enjoining any such breach and enforcing specifically the terms and provisions hereof. Each
party waives any requirement for the securing or posting of any bond in connection with such remedy.
(iii) All rights,
powers, and remedies provided under this Agreement or otherwise available in respect hereof at law or in equity shall be cumulative and
not alternative, and the exercise or beginning of the exercise of any thereof by any party shall not preclude the simultaneous or later
exercise of any other such right, power or remedy by such party.
(iv) Notwithstanding
anything contrary in the foregoing, under no circumstances will a party be entitled to both the monetary damages and the right of specific
performance.
Section 7.5 Amendments;
Waivers. This Agreement may not be amended, modified or supplemented except by an instrument in writing signed by Parent, each Rollover
Shareholder and the Company (at the direction of the Special Committee). No provision of this Agreement may be waived or discharged other
than by an instrument in writing signed by the party against whom the enforcement of such waiver or discharge is sought and with the
prior written consent of the Company (at the direction of the Special Committee). Any agreement on the part of a party to any extension
or waiver shall be valid only if specifically set forth in an instrument in writing signed by such party and the Company (at the direction
of the Special Committee). The failure of any party to assert any of its or his rights under this Agreement or otherwise shall not constitute
a waiver of such rights, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise
of any right, power or privilege under this Agreement.
Section 7.6 Governing
Law; Dispute Resolution; Jurisdiction. This Agreement shall be interpreted, construed and governed by and in accordance with the
laws of New York. Subject to the last sentence of this Section 7.6, any Action arising out of or relating to this Agreement or
its subject matter (including a dispute regarding the existence, validity, formation, effect, interpretation, performance or termination
of this Agreement) shall be finally settled by arbitration. The place of arbitration shall be Hong Kong, and the arbitration shall be
administered by the HKIAC in accordance with the Administrative Arbitration Rules of HKIAC. The arbitration shall be decided by a tribunal
of three (3) arbitrators. The award of the arbitration tribunal shall be final and conclusive and binding upon the parties as from the
date rendered. Judgment upon any award may be entered and enforced in any court having jurisdiction over a party or any of its or his
assets. For the purpose of the enforcement of an award, the parties irrevocably and unconditionally submit to the jurisdiction of any
competent court and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.
Section 7.7 Third
Party Beneficiaries. Nothing in this Agreement, express or implied, is intended to or shall confer upon any person other than
the parties and their respective successors and permitted assigns any legal or equitable right, benefit or remedy of any nature
under or by reason of this Agreement; provided, that notwithstanding anything to the contrary contained herein, the Company
is an express third-party beneficiary of this Agreement and shall be entitled to seek specific performance of the terms hereof,
including an injunction or injunctions to prevent breaches of this Agreement by the parties hereto, in addition to any other remedy
at law or in equity.
Section 7.8 Assignment;
Binding Effect. Neither this Agreement nor any of the rights, interests or obligations under this Agreement may be assigned or delegated,
in whole or in part, by any party without the prior written consent of the other parties and the Company (at the direction of the Special
Committee), and any such assignment without such prior written consent shall be null and void; provided, that (i) Parent may assign
this Agreement to the same assignee in connection with a permitted assignment of the Merger Agreement by Parent in accordance with the
terms thereof and (ii) a Rollover Shareholder may, without such prior written consent, assign its or his rights and obligations under
this Agreement (in whole or in part) in connection with a Permitted Transfer of its or Securities. Subject to the preceding sentence,
this Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted
assigns and, in the case of each Rollover Shareholder, its or his estate, heirs, beneficiaries, personal representatives and executors.
Section 7.9 No Presumption
Against Drafting Party. Each of the parties to this Agreement acknowledges that he or it has been represented by independent counsel
in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of law or any legal decision
that would require interpretation of any claimed ambiguities in this Agreement against the drafting party has no application and is expressly
waived.
Section 7.10 Counterparts.
This Agreement may be executed in one or more counterparts (including by facsimile or email pdf format), each of which shall be an
original, with the same effect as if the signatures thereto and hereto were upon the same instrument, and shall become effective
when one or more counterparts have been signed by each of the parties and delivered (by email pdf format or otherwise) to the other
parties.
Section 7.11 Share
Dividends, etc. In the event of a reclassification, recapitalization, reorganization, share split (including a reverse share split)
or combination, exchange or readjustment of shares or other similar transaction, or if any share dividend, subdivision or distribution
(including any dividend or distribution of securities convertible into or exchangeable for Shares) is declared, in each case affecting
the Securities, the term “Securities” shall be deemed to refer to and include such shares as well as all such share dividends
and distributions and any securities of the Company into which or for which any or all of such shares may be changed or exchanged or
which are received in such transaction.
Section 7.12 Definitions.
For the purpose of this Agreement:
“Affiliate”
shall have the meaning ascribed to such term in Rule 12b-2 under the U.S. Securities Exchange Act of 1934, as amended, including,
for the avoidance of doubt, with respect to a Rollover Shareholder, any affiliated investment funds or investment vehicles that are
advised, managed or sponsored by the general partner or investment manager of such Rollover Shareholder or any Affiliate thereof; provided,
however, that with respect only to Rollover Shareholder that are private equity funds in the business of making investments in
portfolio companies managed independently, including without limitation, Tianjin Kangyue, CICC Healthcare and Vivo, no portfolio
company of any such Rollover Shareholder or its Affiliates (including any portfolio company of any affiliated investment fund or
investment vehicle of the Rollover Shareholder or such funds) shall be deemed to be an Affiliate of such Rollover Shareholder; provided
further that solely for the purposes of Sections 1.3, 2.1 and 2.2, (i) “Affiliate” of Tianjin
Kangyue means any Subsidiary of Tianjin Kangyue, and “Affiliate” of CICC Healthcare means any Subsidiary of CICC
Healthcare.
“Permitted Transfer”
means any Transfer to a Permitted Transferee, provided that such transferee agrees to execute, prior to or concurrently with such
Transfer, a Joinder Agreement in the form attached hereto as Schedule B.
“Permitted Transferee”
mean, (a) with respect to Mr. Sizhen Wang or any of his Affiliates, (i) an Affiliate of such party which is wholly owned and Controlled
by the Mr. Sizhen Wang, (ii) a member of his immediate family or a trust for the benefit of him or any member of the his immediate family
or (iii) any heir, legatees, beneficiaries and/or devisees of Mr. Sizhen Wang; and (b) with respect to any other Rollover Shareholder,
any Affiliate of such Party.
Section 7.13 No use
of Name or Logo
Without the prior written
consent of CICC, no party (other than CICC) shall, and each such party shall cause its Affiliates not to, (a) use in advertising, publicity,
announcements, or otherwise, the name of CICC, or any of its Affiliates, including “China International Capital Corporation”,
“中国国际金融股份有限公司”,
“CICC”, “中金公司”, “CICC
Capital”, “中金资本”, either
alone or in combination with any associated devices and logos of the above brands or any company name, trade name, trademark, service
mark, domain name, device, design, symbol or any abbreviation, contraction or simulation thereof owned or used by CICC or any of its Affiliates,
except in connection with the use of such name in the Proxy Statement, the Schedule 13E-3 or any other filing or notification with any
Governmental Authority in connection with the Transactions, or (b) represent, directly or indirectly, that any products or services provided
by such party have been approved or endorsed by CICC or any of their Affiliates.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
PARENT: |
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|
|
|
New Genetron Holding Limited |
|
|
|
|
By: |
/s/ Sizhen Wang |
|
Name: |
Sizhen Wang |
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
FHP Holdings Limited |
|
|
|
|
By: |
/s/ Sizhen Wang |
|
Name: |
Sizhen Wang |
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Han Yan |
|
|
|
|
|
/s/ Han Yan |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
Genetron Voyage Holdings Limited |
|
|
|
|
By: |
/s/ Qing LU |
|
Name: |
Qing LU |
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
Genetron United Holdings Limited |
|
|
|
|
By: |
/s/ Qing LU |
|
Name: |
Qing LU |
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
Eugene Health Limited |
|
|
|
|
By: |
/s/ Yuchen Jiao |
|
Name: |
Yuchen Jio |
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
IN Healthcare Limited |
|
|
|
|
By: |
/s/ Zheng Yufen |
|
Name: |
Zheng Yufen |
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
EASY BENEFIT INVESTMENT LIMITED |
|
|
|
|
|
By: |
/s/ Kung Hung Ka |
|
|
Name: |
Kung Hung Ka |
|
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
Tianjin Kangyue Business Management Partnership (Limited Partnership) 天津康悦企业管理合伙企业(有限合伙) |
|
|
|
|
|
By: |
/seal/ Tianjin Kangyue Business Management Partnership (Limited Partnership) |
|
|
|
|
|
|
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Tianjin Yuanjufu Business Management Partnership (Limited Partnership)天津源聚福企业管理合伙企业(有限合伙) |
|
|
|
|
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By: |
/seal/ |
|
|
|
|
|
|
|
/s/ Xiaoliang Wang |
|
|
Name: |
Xiaoliang Wang |
|
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
EASY BEST INVESTMENT LIMITED |
|
|
|
|
By: |
/s/ Kung Hung Ka |
|
Name: |
Kung Hung Ka |
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Tianjin Genetron Jun’an Business Management Partnership (Limited Partnership) 天津今创君安企业管理合伙企业(有限合伙) |
|
|
|
|
|
By: |
/seal/ |
|
|
|
|
|
|
/s/ Sizhen Wang |
|
|
Name: |
Sizhen Wang |
|
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Tianjin Genetron Juncheng Business Management Partnership (Limited Partnership) 天津今创君成企业管理合伙企业(有限合伙) |
|
|
|
|
|
By: |
/seal/ |
|
|
|
|
|
|
/s/ Sizhen Wang |
|
|
Name: |
Sizhen Wang |
|
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
Genetron Alliance Holdigns Limited |
|
|
|
|
By: |
/s/ Sizhen Wang |
|
Name: |
Sizhen Wang |
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
Genetron Discovery Holdings Limited |
|
|
|
|
By: |
/s/ Sizhen Wang |
|
Name: |
Sizhen Wang |
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Vivo Capital Fund IX, L.P. |
|
|
|
|
|
By: |
/s/ Frank Kung |
|
|
Name: |
Frank Kung |
|
|
Title: |
Managing Member |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
CICC Healthcare Investment Fund, L.P. |
|
|
|
|
|
By: CICC Healthcare Investment |
|
Management Limited, its general partner |
|
|
|
|
|
By: |
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Director |
|
|
|
|
|
|
/s/ Jin Wang |
|
|
Name: |
Jin Wang |
|
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
ALEXANDRIA VENTURE INVESTMENTS, LLC, |
|
a Delaware limited liability company |
|
|
|
|
By: |
ALEXANDRIA REAL ESTATE EQUITIES, INC., |
|
|
a Maryland corporation managing member |
|
|
|
|
|
/s/ Aaron Jacobson |
|
|
Name: |
Aaron Jacobson |
|
|
Title: |
SVP – Venture Counsel |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Tianjin Tianshu Xingfu Corporation Management L.P. 天津天枢幸福企业管理合伙企业(有限合伙) |
|
|
|
|
|
By: |
/seal/ |
|
|
|
|
|
|
/s/ Junjie Sun |
|
|
Name: |
Junjie Sun |
|
|
Title: |
Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Eminence Legend Consultancy (HK) Limited |
|
|
|
|
|
By: |
/s/ Xiaole Zeng |
|
|
Name: |
Xiaole Zeng |
|
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Ke Li |
|
|
|
/s/ Ke Li |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Xiao Yu Lu |
|
|
|
/s/ Xiao Yu Lu |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Zuo Xiang |
|
|
|
/s/ Zuo Xiang |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Peng Pamela Yan |
|
|
|
/s/ Peng Pamela Yan |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Hong Chen |
|
|
|
/s/ Hong Chen |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Jiayin Zhang |
|
|
|
/s/ Jiayin Zhang |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Genetron Health (Hong Kong) Company Limited |
|
|
|
|
|
By: |
/s/ Sizhen Wang |
|
|
Name: |
Sizhen Wang |
|
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Mr. Sizhen Wang |
|
|
|
/s/ Sizhen Wang |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
SUPER SAIL LLC |
|
|
|
|
|
By: |
/s/ Sizhen Wang |
|
|
Name: |
Sizhen Wang |
|
|
Title: |
Authorized Signatory |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
Wei-Wu He |
|
|
|
/s/ Wei-Wu He |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Huiying Memorial Foundation |
|
|
|
|
|
By: |
/s/ Wei-wu He |
|
|
Name: |
Wei-wu He |
|
|
Title: |
Managing Director |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
WEALTH FAITH INVESTMENT LTD. |
|
|
|
|
|
By: |
/s/ Li Guobin |
|
|
Name: |
Li Guobin |
|
|
Title: |
Limited power of attorney |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Qijing Li |
|
|
|
|
|
By: |
/s/ Qijing Li |
|
|
Name: |
Qijing Li |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Xiao Fan Wang |
|
|
|
|
|
By: |
/s/ Xiao Fan Wang |
|
|
Name: |
Xiao Fan Wang |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Jing Zhu |
|
|
|
|
|
By: |
/s/ Jing Zhu |
|
|
Name: |
Jing Zhu |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
KENSINGTON TRUST SINGAPORE LIMITED ATO IS&P (FIRST NAMES SINGAPORE) RETIREMENT FUND -FN45 |
|
|
|
|
|
By: |
/s/ WONG PECK LING |
|
|
|
|
|
|
/s/ LEE KON HOW |
|
|
Name: |
WONG PECK LING AND |
|
|
|
LEE KON HOW |
|
|
Title: |
AUTHORISED SIGNATORY |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
|
Kevin Ying Hong |
|
|
|
|
|
By: |
/s/ Kevin Ying Hong |
|
|
Name: |
Kevin Ying Hong |
[Signature Page to the Rollover and Support
Agreement]
IN WITNESS WHEREOF, the parties
hereto have duly executed and delivered this Agreement as of the date and year first written above.
|
ROLLOVER SHAREHOLDER: |
|
|
|
|
EVER PRECISE INVESTMENTS LIMITED |
|
|
|
|
For and on behalf of Prudence Directors Limited |
|
|
|
|
By: |
/s/ |
|
|
|
|
|
/s/ |
|
|
Authorised Signature(s) |
[Signature Page to the Rollover and Support
Agreement]
SCHEDULE A
SCHEDULE B
JOINDER AGREEMENT
This Joinder Agreement (“Joinder
Agreement”) is executed by the undersigned (the “Transferee”) pursuant to the terms of that certain Rollover and Support
Agreement dated as of October 11, 2023 (the “Agreement”) by and among New Genetron Holding Limited and the Rollover Shareholders
named therein. Capitalized terms used but not defined herein shall have the respective meanings ascribed to such terms in the Agreement.
By the execution of this Joinder
Agreement, the Transferee agrees as follows:
1. Acknowledgment.
Transferee acknowledges that Transferee is acquiring certain Securities subject to the terms and conditions of the Agreement.
2. Agreement.
Transferee (i) agrees that the Securities acquired by Transferee shall be bound by and subject to the terms of the Agreement, (ii) hereby
adopts the Agreement with the same force and effect as if Transferee were originally a party thereto and (iii) agrees to be subject to
the obligations and restrictions of the Rollover Shareholder thereunder.
3. Notice.
Any notice required or permitted by the Agreement shall be given to Transferee at the address listed beside Transferee’s signature
below.
[Signature page follows]
SCHEDULE C
Exhibit 5
Execution Version
October 11, 2023
New Genetron Holding Limited (“Parent”)
ICS Corporate Services (Cayman) Limited,
3-212 Governors Square, 23 Lime Tree Bay Avenue
P.O. Box 30746, Seven Mile Beach,
Grand Cayman KY1-1203, Cayman Islands
| Re: | Equity Commitment Letter |
Ladies and Gentlemen:
This letter agreement sets
forth the commitment of the undersigned (the “Sponsor”), subject to (i) the terms and conditions contained in an Agreement
and Plan of Merger, dated as of the date hereof, by and among New Genetron Holding Limited, an exempted company with limited liability
incorporated under the laws of the Cayman Islands (“Parent”), Genetron New Co Limited, an exempted company with limited
liability incorporated under the laws of the Cayman Islands and a wholly owned Subsidiary of Parent (“Merger Sub”)
and Genetron Holdings Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the “Company”)
(as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, the “Merger
Agreement”), which provides, among other things, for the merger of Merger Sub with and into the Company, with the Company continuing
as the surviving company and a wholly owned subsidiary of Parent (the “Merger”) and (ii) the terms and conditions contained
herein. Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Merger Agreement.
Concurrently with the execution
and delivery of this letter agreement, each of CICC Healthcare Investment Fund, L.P., Wealth Strategy Holding Limited, Surrich International
Company Limited, Wuxi Huihongyingkang Investment Partnership (Limited Partnership) and CCB (Beijing) Investment Fund Management Co., Ltd.
(collectively, the “Other Sponsors,” and each, an “Other Sponsor”) is entering into a letter agreement
substantially identical to this letter agreement (such other letter agreements, together with this letter agreement, the “ECLs”,
and each an “ECL”) committing to invest or cause to be invested in Parent.
1. Commitment.
(a) The Sponsor hereby commits, subject to the terms and conditions set forth herein, to subscribe, or cause to be subscribed,
directly or indirectly through one or more intermediate entities, for newly issued ordinary shares of Parent to be issued to the
Sponsor or a Person or Persons designated by the Sponsor, and to pay, or cause to be paid, to Parent in immediately available funds
at or prior to the Effective Time an aggregate cash purchase price equal to $3,783,784 (such amount, and as adjusted herein, the
“Commitment”) for the purposes specified in the immediately following sentence. Such Commitment, and the
corresponding commitments under the other ECLs, shall be used by Parent, to the extent necessary, solely to (i) fund the Merger
Consideration and any other amounts required to be paid by Parent, Merger Sub and the Surviving Company pursuant to the Merger
Agreement, (ii) pay any and all fees and expenses of Parent, Merger Sub and Surviving Company in connection with the consummation of
the Merger and the other transactions contemplated by the Merger Agreement, and (iii) satisfy all of Parent, Merger Sub and
Surviving Company’s other payment obligations in connection with the consummation of the Merger and the other transactions
contemplated by the Merger Agreement, and not for any other purpose. The Sponsor may effect the contribution of the Commitment
directly or indirectly through Permitted Syndications (as defined in the Interim Investor Agreement). Notwithstanding anything to
the contrary contained herein, the Sponsor shall not under any circumstances be obligated to contribute more than the Commitment
pursuant to this letter agreement to Parent or any other Person, and the aggregate amount of liability of the Sponsor hereunder
shall not exceed the amount of the Commitment. In the event that Parent does not require the full amount of the sum of (i) the
Commitment plus (ii) the Other Sponsors’ Commitments (as defined in their respective ECLs) to consummate the Merger, the
amount to be funded under this letter agreement and under the other ECLs shall, unless otherwise agreed in writing by the Sponsor,
be reduced by Parent to the level sufficient to fully fund the Merger Consideration, and pay any other amounts required to be paid
by Parent, Merger Sub and the Surviving Company pursuant to the Merger Agreement and all related fees and expenses of Parent, Merger
Sub and Surviving Company related to the transactions contemplated by the Merger Agreement; provided that no such reduction
shall result in the Sponsor, together with its Affiliates, holding more than 25% of the Equity Securities of Parent on a fully
diluted basis as of immediately after the Closing.
(b)
Each of the Sponsor and Parent shall use its reasonable best efforts to negotiate in good faith and enter into an escrow agreement
(the “Escrow Agreement”) with an escrow agent (“Escrow Agent”) reasonably selected by the
Parent from commercial banks of international repute, pursuant to which the Sponsor shall deposit or cause to be deposited (directly
or indirectly through Permitted Syndications (as defined in the Interim Investor Agreement) with the Escrow Agent an amount equal to
the amount of the Commitment or the RMB equivalent thereof (by applying the U.S. dollars to Renminbi exchange rate of 1:7.40)
pursuant to the terms and conditions hereof and of the Escrow Agreement as soon as practicable and in any event on or before date
that is the later of (i) one month after the execution of this letter agreement and (ii) 10 Business Days after the execution of the
Escrow Agreement. Upon the satisfaction of conditions to funding as set forth under Section 2 hereof, or in the event that any
amount is due and payable under the Limited Guarantee issued by Tianjin Kangyue Business Management Partnership (Limited
Partnership) to Genetron Health (Beijing) Co., Ltd.
(北京泛生子基因科技有限公司) (the “Applicable
Limited Guarantee”) pursuant to the terms thereof and subject to appliable laws and regulations, the Sponsor and Parent
shall jointly and promptly cause (x) the amount so deposited with the Escrow Agent pursuant to this Section 1(b) be released to the
Parent after being converted into US$, and in the event that the amount then available in the escrow account can be converted into
US$ in such amount that is greater than the amount of the Commitment, only an amount equal to the amount of the Commitment shall be
released to the Parent (which shall constitute the Sponsor’s payment of the Commitment under Section 1(a) hereof to the extent
of the amount so released from the escrow account to Parent) or (y) a portion of the amount so deposited with the Escrow Agent
pursuant to this Section 1(b) in the amount equal to the Maximum Amount set forth in such Applicable Limited Guarantee be released
to the Company (which shall constitute the Sponsor’s performance in full of its obligation under Section 1(a) of the
Applicable Limited Guarantee), as appropriate, with the balance remaining in the escrow account (if any) including interest accrued
in the escrow account released to the Sponsor. Upon the termination of this letter agreement pursuant to Section 3 hereof where no
amount is due under the Applicable Limited Guarantee, the Sponsor and Parent shall jointly and promptly cause the amount so
deposited with the Escrow Agent pursuant to this Section 1(b), together with all interest accrued in the escrow account, be released
to the Sponsor. Notwithstanding anything to the contrary herein, if no Escrow Agreement is entered into or an amount less than the
amount of the Commitment has been deposited with the Escrow Agent, or the amount available in the escrow account for release to
Parent pursuant to the terms of this Section 1(b) is less than the amount of the Commitment, the Sponsor shall make, or cause to be
made, directly or indirectly through Permitted Syndications (as defined in the Interim Investor Agreement), the payment of the
Commitment to the Parent pursuant to other terms hereof to the extent not satisfied by the amount released to the Parent from the
escrow account.
2.
Conditions to Funding. The Sponsor’s obligation to
pay the Commitment to Parent shall be subject to (i) the execution and delivery of the Merger Agreement by the Company and each other
ECL by the parties thereto; (ii) the satisfaction, or waiver by Parent (pursuant to the terms of the Interim Investor Agreement), of each
of the conditions to Parent’s and Merger Sub’s obligations to effect the Merger set forth in Sections 7.01 and 7.02 of the
Merger Agreement as in effect from time to time (other than those conditions that by their nature are to be satisfied at the Closing,
but subject to the prior or substantially concurrent satisfaction or waiver (pursuant to the terms of the Interim Investor Agreement)
of such conditions); (iii) the substantially contemporaneous consummation of the contribution of the Rollover Shares by each Rollover
Shareholder pursuant to Articles III (Rollover) of the Support Agreement, or Parent or Company, as applicable, concurrently seeking enforcement
of Articles III (Rollover) the Support Agreement against such Rollover Shareholder, (iv) the substantially contemporaneous funding to
Parent in full of the contributions by each Other Sponsor contemplated by the other ECLs directly or indirectly through Permitted Syndications
or as otherwise permitted under the Interim Investor Agreement, which shall not have been modified, amended or altered in any manner adverse
to the Sponsor without the Sponsor’s prior written consent, or Parent or Company, as applicable, concurrently seeking enforcement
of the applicable ECL against such Other Sponsor, provided, that the satisfaction or failure of the condition set forth in item
(iv) shall not limit or impair the ability of Parent or the Company to seek enforcement of the obligations of the Sponsor under and in
accordance with this letter agreement, if (x) the Company is also concurrently seeking enforcement of the other ECLs or (y) each Other
Sponsor has satisfied or will satisfy its obligations under its ECLs in full concurrently with or prior to the funding of the Commitment
by the Sponsor hereunder in accordance with this letter agreement; (v) the substantially concurrent consummation of the Closing, provided,
that if the Company seeks specific performance in accordance with Section 9.08 of the Merger Agreement and Parent or Merger Sub is ordered
by a court of competent jurisdiction in a final non-appealable Order to specifically perform their obligations to effect the Closing pursuant
to the Merger Agreement, the conditions set forth in this item (v) shall be deemed satisfied, and (vi) ODI Approvals applicable to the
Sponsor have been obtained or completed and remain in full force and effect.
3. Termination.
This letter agreement, and the obligation of the Sponsor to fund the Commitment will terminate automatically and immediately upon
the earliest to occur of (i) the Closing, so long as the Sponsor has at or prior to the Closing fully funded and paid to Parent the
Commitment, (ii) the valid termination of the Merger Agreement in accordance with its terms, (iii) the
discharge in full of its obligation to complete the funding of the Commitment at or prior to the Closing,
and (iv) the assertion by the Company or any of its controlled Affiliates (which for the purpose of this Agreement, shall
have the meaning set forth in the Interim Investor Agreement), directly or indirectly, in any litigation or other Action of any
claim (whether in tort, contract or otherwise) against the Sponsor, any Non-Recourse Party, Parent, Merger Sub, any Other Sponsor or
any Non-Recourse Party as defined in the other ECLs, as applicable, relating to this letter agreement, any other ECL, the Limited
Guarantees, the Merger Agreement, the Support Agreement, or any of the transactions contemplated hereby or thereby (other than (a) a
claim seeking an Order of specific performance or other equitable relief to cause the funding of the Commitment in accordance with
Section 6(a) hereof and/or the funding of the “Commitment” of any Other Sponsor in accordance with Section 6(a) of their
applicable ECLs or (b) a claim seeking an Order of specific performance or other equitable relief against Parent or Merger Sub in
accordance with Section 9.08 of the Merger Agreement). Upon
termination of this letter agreement, the Sponsor shall not have any further obligations or liabilities hereunder.
4.
Amendment. Neither this letter agreement nor any provision
hereof may be amended, modified, supplemented, or waived without the prior written consent of (i) Parent and the Sponsor and (ii) with
respect to any provisions of this letter agreement with respect to which the Company is expressly made a third party beneficiary or to
the extent that such amendment or modification would be adverse to the Company Third Party Beneficiary Rights, the Company.
5.
Confidentiality. This letter agreement shall be treated
as confidential and is being provided to Parent solely in connection with the transactions contemplated by the Merger Agreement, including
the Merger. Unless required by applicable Laws, regulations or rules (including rules promulgated by either the SEC or Nasdaq), this letter
agreement may not be used, circulated, quoted or otherwise referred to in any document, except the Merger Agreement or any documents contemplated
therein or otherwise with the Sponsor’s consent. Notwithstanding the foregoing, a copy of this letter agreement may be provided
to the Company if the Company agrees to treat the letter as confidential, provided, that, each of the Company, Parent and the Sponsor
may disclose the existence and content of this letter agreement (i) to its Affiliates and Representatives who need to know the existence
of this letter agreement and are subject to confidentiality obligations, (ii) to the extent required by applicable Laws, regulations or
rules (including rules promulgated by either the SEC or Nasdaq) or in connection with any SEC filings relating to the Merger, (iii) in
connection with any litigation relating to the Merger, the Merger Agreement, and the transactions contemplated thereby as permitted by
or provided for in the Merger Agreement, or (iv) by the Sponsor to any Non-Recourse Party that needs to know of the existence of and content
of this letter agreement.
6.
Third Party Beneficiary.
(a) This
letter agreement shall inure to the benefit of and be binding upon Parent and the Sponsor. This letter agreement may only be
enforced by Parent or the Sponsor, and none of the creditors of Parent or Merger Sub nor any other Person that is not a party to
this letter agreement shall have any right to enforce this letter agreement or to cause Parent to enforce this letter agreement; provided,
that, to the extent the Company is entitled to specific performance pursuant to and subject to the conditions in Section 9.08 of the
Merger Agreement, and subject to Sections 2, 6(b), 7 and 8 hereof, the Company is an express third party beneficiary of the rights
granted to Parent under this letter agreement to the extent of the rights set forth in Sections 1, 4, 6, 7, 8 and 9 and shall be
entitled to seek an injunction or an order of specific performance (or another non-monetary equitable remedy) to cause the
Commitment to be funded in accordance with Section 1 (the “Company Third Party Beneficiary Rights”). The parties
hereby agree that subject to the Company Third Party Beneficiary Rights, their respective representations, warranties and covenants
set forth herein are solely for the benefit of the other party hereto in accordance with and subject to the terms of this letter
agreement, and this letter agreement is not intended to, and does not, confer upon any Person other than the parties hereto any
rights or remedies hereunder or any rights to enforce the Commitment or any provision of this letter agreement.
(b)
Subject to the terms and conditions set forth herein, the Company shall be entitled to specifically enforce Parent’s right
to cause the Commitment to be funded to Parent solely to the extent permitted under Section 6(a) hereof and the Company shall not be a
third party beneficiary for any purpose (including, without limitation, any claim for monetary damages hereunder or under the Merger Agreement)
other than as specified in Section 6(a) hereof. The Company hereby agrees that specific performance shall be its sole and exclusive remedy
with respect to any breach by the Sponsor of this letter agreement and that the Company may not seek or accept any other form of relief
that may be available for any such breach of this letter agreement (including monetary damages), provided, that, notwithstanding
anything to the contrary, if the Company seeks specific performance for such breach of this letter agreement as permitted under Section
6(a), and a court of competent jurisdiction in a final, non-appealable determination as to the availability of specific performance does
not specifically enforce any obligation of the Sponsor hereunder pursuant to any proceeding for specific performance brought against the
Sponsor, then the Company shall have the right to seek the payments contemplated by, and subject to the terms and conditions of, Section
1 of the Limited Guarantee executed and delivered to the Company by the Sponsor (subject to the limitations and conditions therein). In
addition, the Company shall, and shall cause each of its Affiliates to, cause any proceeding still pending to be dismissed with prejudice
upon the earlier of (i) the consummation of the Closing by Parent or (ii) payment of the Parent Termination Fee pursuant to the Merger
Agreement.
(c)
Notwithstanding anything to the contrary set forth herein, in no event shall the aggregate amount of liabilities of the Sponsor
under this letter agreement exceed the Cap. No Person may enforce the Sponsor’s obligations under this letter agreement without
giving effect to the foregoing sentence. Notwithstanding the foregoing, if the Company or any of its Affiliates asserts in any proceeding
or other Action of any claim (whether in tort, contract or otherwise) that the Cap on the Sponsor’ liabilities hereunder or the
Cap (as defined in each other ECL) on any Other Sponsor’s liabilities, is illegal, invalid or unenforceable in whole or in part,
then if the Sponsor has previously made any payments under this letter agreement, it shall be entitled to recover such payments, and the
Sponsor shall have no liabilities or obligations to any Person under this letter agreement. For the purpose of this Agreement, “Cap”
means the amount of the Commitment less the amount of the portion of the Commitment that has been funded in accordance with the terms
hereof.
7.
Governing Law. This letter agreement and all disputes or
controversies arising out of, or relating to, this letter agreement or the transaction contemplated hereby shall be interpreted, construed
and governed by and in accordance with the laws of New York without regard to the conflicts of law principles thereof.
8. Submission
to Jurisdiction. Subject to the last sentence of this Section 8, any Action arising out of or relating to this letter
agreement or its subject matter (including a dispute regarding the existence, validity, formation, effect, interpretation,
performance or termination of this letter agreement) shall be submitted to HKIAC and resolved in accordance with the Administrative
Arbitration Rules of HKIAC. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English
and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s) shall
nominate jointly one Arbitrator; the respondent(s) shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated
jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or
respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third
Arbitrator within the time limits specified by the Administrative Arbitration Rules of HKIAC, such Arbitrator shall be appointed
promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award
of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of
competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and
unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based
on lack of personal jurisdiction or inconvenient forum.
9.
Assignments. This letter agreement shall not be assigned
by any of the parties (whether by operation of law or otherwise) without the prior written consent of the other party and the Company;
provided, that without the prior written consent of Parent and the Company, the rights, interests or obligations under this letter
agreement may be assigned or delegated, in whole or in part, by the Sponsor to one or more of its Affiliates or in connection with a Permitted
Syndication, provided, that no such assignment or delegation shall relieve the Sponsor of its obligations hereunder to the extent
not performed by such assignees or delegees. Any attempted assignment in violation of this Section 9 shall be null and void.
10.
Representations. Each Party hereby represents and warrants
with respect to itself to the other Party that (a) it is duly organized, validly existing and in good standing under the Laws of the jurisdiction
of its formation and has full legal right, power, capacity and authority to execute and deliver this letter agreement, to perform the
obligations hereunder and to consummate the transactions contemplated hereby; (b) this letter agreement has been duly and validly executed
and delivered by it and constitutes a valid and legally binding obligation, enforceable against it in accordance with the terms of this
letter agreement, subject to the Enforceability Exceptions; (c) except for the ODI Approvals, all consents, approvals, authorizations,
permits of, filings with and notifications to, any Governmental Authority or any other person necessary for the due execution, delivery
and performance of this letter agreement by it have been obtained or made and all conditions thereof have been duly complied with, and
no other action by, and no notice to or filing with, any Governmental Authority or any other person is required in connection with the
execution, delivery or performance of this letter agreement; (d) there is no Action pending against it, or, to its knowledge, threatened
against it, that restricts or prohibits (or, if successful, would restrict or prohibit) the performance by it of its obligations under
this letter agreement; (e) the execution, delivery and performance by it of this letter agreement does not (i) violate any applicable
Law or court judgment, or (ii) result in any violation of, or default (with or without notice or lapse of time, or both) under, or give
rise to a right of termination, cancellation or acceleration of any obligation or to the loss of any benefit under, or otherwise require
the consent or approval of any other person pursuant to, any Contract to which it is a party. The Sponsor hereby further represents and
warrants to Parent that (a) subject to obtaining the ODI Approvals, it will have, immediately prior to Closing, sufficient and readily
available funds in United States Dollars to pay the Commitment pursuant to this letter agreement as well as to fulfill its other obligations
under this letter agreement and all of its other unfunded contractually binding equity commitments that are then outstanding; and (b)
the Commitment is less than the maximum amount that Sponsor is permitted to invest in any one portfolio investment pursuant to the terms
of its constituent documents or otherwise.
11.
No Recourse. Notwithstanding anything that may be expressed or implied in this letter agreement or any document or instrument
delivered in connection herewith, by its acceptance of the benefits of this letter agreement, Parent covenants, agrees and acknowledges
that no Person other than the Sponsor has any obligation hereunder. Without limiting the generality of the foregoing, and notwithstanding
anything that may be expressed or implied in this letter agreement, or any document or instrument delivered in connection herewith, Parent,
by its acceptance of the benefits of this letter agreement, covenants, agrees and acknowledges that (a) no Person (other than Sponsor,
Parent and their respective successors and permitted assignees) has any obligation or liability hereunder (whether of an equitable, contractual,
tort, statutory or other nature), and (b) notwithstanding that Sponsor may be a partnership or limited liability company, Parent has
no right of recovery under this letter agreement or under any document or instrument delivered in connection herewith or in respect of
any representations made or alleged to have been made in connection herewith or therewith, or for any claim based on, in respect of,
or by reason of, such obligations or their creation, against, and no recourse shall be had against, and no personal liability shall attach
to, any former, current or future direct or indirect holder of any equity, stock, general or limited partnership or limited liability
company interest, controlling Person, management company, portfolio company, incorporator, director, officer, employee, agent, advisor,
attorney, representative, Affiliate, members, managers, general or limited partners, shareholders, stockholders or assignees of the Sponsor
(other than any permitted assignee under Section 9) or any former, current or future direct or indirect holder of any equity, stock,
general or limited partnership or limited liability company interest, controlling Person, management companies, portfolio companies,
incorporators, directors, officers, employees, agents, advisors, attorneys, representatives, Affiliates, members, managers, general or
limited partners, shareholders, stockholders or assignees (other than any permitted assignee under Section 9) of any of the foregoing
(each, a “Non-Recourse Party”), through Sponsor or otherwise, whether by or through attempted piercing the corporate
veil, by or through a claim (whether at law or equity or in tort, contract or otherwise) by or on behalf of Parent or Sponsor against
any Non-Recourse Party, whether by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute,
regulation or applicable Law, or otherwise. For the avoidance of doubt, none of Sponsor, Parent, Merger Sub, the Other Sponsors or their
respective successors and assigns under the Merger Agreement, this letter agreement, the other ECLs, the Limited Guarantees shall be
a Non-Recourse Party.
12.
Notices. All notices and other communications hereunder
shall be in writing (in the English language), and shall be deemed duly given (a) on the date of delivery if delivered personally, or
if by facsimile or email (unless an error message is generated with respect to such delivery by facsimile or email), (b) on the first
Business Day following the date of dispatch if delivered utilizing a next-day service by a recognized next-day courier, or (c) on the
earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by registered or certified mail, return
receipt requested, postage prepaid. All notices hereunder shall be delivered to the addresses set forth below or pursuant to such other
instructions as may be designated in writing by the party to receive such notice:
if to Parent, to:
Mr. Sizhen Wang
1-2/F, Building 11
Zone 1, No. 8 Life Science Parkway
Changping District, Beijing, 102206
People’s Republic of China
if to the Sponsor, to:
Mr. Hantao Huang
36F, China World Tower
B
No.1 Jian Guo Men
Wai Avenue
Beijing 100004
People’s Republic of China
Email:
13.
Entire Agreement. This letter agreement, together with the Interim Investor Agreement, the Limited Guarantee, the Support
Agreement, the Confidentiality Agreements and the Merger Agreement, contains the entire understanding of the parties with respect to the
subject matter hereof and supersedes all prior agreements or understandings, both written and oral, between the parties with respect to
the subject matter hereof.
14.
Severability. Any term or provision of this letter agreement which is invalid or unenforceable in any jurisdiction shall,
as to that jurisdiction, be ineffective to the sole extent of such invalidity or unenforceability without rendering invalid or unenforceable
the remainder of such term or provision or the remaining terms and provisions of this letter agreement in any jurisdiction and, if any
provision of this letter agreement is so broad as to be unenforceable, such provision shall be interpreted to be only so broad as is enforceable.
15.
Counterparts. This letter agreement may be executed in counterparts
and by facsimile or in .pdf format, each of which, when so executed, shall be deemed to be an original and all of which taken together
shall constitute one and the same instrument.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, this letter agreement is executed and effective
as of date first written above.
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Sponsor: |
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Tianjin Kangyue Business Management
Partnership (Limited Partnership) 天津
康悦企业管理合伙企业(有限合伙) |
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By: |
/seal/ Tianjin Kangyue Business Management Partnership (Limited Partnership) |
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/s/ Xia Wu |
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Name: |
Xia Wu |
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Title: |
Authorized Signatory |
[Signature Page to Equity Commitment Letter]
Agreed to and acknowledged as of the date first written above: |
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Parent: |
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New Genetron Holding Limited |
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By: |
/s/ Sizhen Wang |
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Name: |
Sizhen Wang |
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Title: |
Director |
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[Signature Page to Equity Commitment Letter]
Exhibit 6
Execution Version
October 11, 2023
New Genetron Holding Limited (“Parent”)
ICS Corporate Services (Cayman) Limited,
3-212 Governors Square, 23 Lime Tree Bay Avenue
P.O. Box 30746, Seven Mile Beach,
Grand Cayman KY1-1203, Cayman Islands
| Re: | Equity Commitment Letter |
Ladies and Gentlemen:
This letter agreement sets
forth the commitment of the undersigned (the “Sponsor”), subject to (i) the terms and conditions contained in an Agreement
and Plan of Merger, dated as of the date hereof, by and among New Genetron Holding Limited, an exempted company with limited liability
incorporated under the laws of the Cayman Islands (“Parent”), Genetron New Co Limited, an exempted company with limited
liability incorporated under the laws of the Cayman Islands and a wholly owned Subsidiary of Parent (“Merger Sub”)
and Genetron Holdings Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (the “Company”)
(as may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, the “Merger
Agreement”), which provides, among other things, for the merger of Merger Sub with and into the Company, with the Company continuing
as the surviving company and a wholly owned subsidiary of Parent (the “Merger”) and (ii) the terms and conditions contained
herein. Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Merger Agreement.
Concurrently with the execution
and delivery of this letter agreement, each of Tianjin Kangyue Business Management Partnership (Limited Partnership), Wealth Strategy
Holding Limited, Surrich International Company Limited, Wuxi Huihongyingkang Investment Partnership (Limited Partnership) and CCB (Beijing)
Investment Fund Management Co., Ltd. (collectively, the “Other Sponsors,” and each, an “Other Sponsor”)
is entering into a letter agreement substantially identical to this letter agreement (such other letter agreements, together with this
letter agreement, the “ECLs”, and each an “ECL”) committing to invest or cause to be invested in
Parent.
1. Commitment.
(a) The Sponsor hereby commits, subject to the terms and conditions set forth herein, to subscribe, or cause to be subscribed,
directly or indirectly through one or more intermediate entities, for newly issued ordinary shares of Parent to be issued to the
Sponsor or a Person or Persons designated by the Sponsor, and to pay, or cause to be paid, to Parent in immediately available funds
at or prior to the Effective Time an aggregate cash purchase price equal to $10,000,000 (such amount, and as adjusted herein, the
“Commitment”) for the purposes specified in the immediately following sentence. Such Commitment, and the
corresponding commitments under the other ECLs, shall be used by Parent, to the extent necessary, solely to (i) fund the Merger
Consideration and any other amounts required to be paid by Parent, Merger Sub and the Surviving Company pursuant to the Merger
Agreement, (ii) pay any and all fees and expenses of Parent, Merger Sub and Surviving Company in connection with the consummation of
the Merger and the other transactions contemplated by the Merger Agreement, and (iii) satisfy all of Parent, Merger Sub and
Surviving Company’s other payment obligations in connection with the consummation of the Merger and the other transactions
contemplated by the Merger Agreement, and not for any other purpose. The Sponsor may effect the contribution of the Commitment
directly or indirectly through Permitted Syndications (as defined in the Interim Investor Agreement). Notwithstanding anything to
the contrary contained herein, the Sponsor shall not under any circumstances be obligated to contribute more than the Commitment
pursuant to this letter agreement to Parent or any other Person, and the aggregate amount of liability of the Sponsor hereunder
shall not exceed the amount of the Commitment. In the event that Parent does not require the full amount of the sum of (i) the
Commitment plus (ii) the Other Sponsors’ Commitments (as defined in their respective ECLs) to consummate the Merger, the
amount to be funded under this letter agreement and under the other ECLs shall, unless otherwise agreed in writing by the Sponsor,
be reduced by Parent to the level sufficient to fully fund the Merger Consideration, and pay any other amounts required to be paid
by Parent, Merger Sub and the Surviving Company pursuant to the Merger Agreement and all related fees and expenses of Parent, Merger
Sub and Surviving Company related to the transactions contemplated by the Merger Agreement; provided that no such reduction
shall result in the Sponsor, together with its Affiliates, holding more than 25% of the Equity Securities of Parent on a fully
diluted basis as of immediately after the Closing.
(b)
Each of the Sponsor and Parent shall use its reasonable best efforts to negotiate in good faith and enter into an escrow agreement
(the “Escrow Agreement”) with an escrow agent (“Escrow Agent”) reasonably selected by the
Parent from commercial banks of international repute, pursuant to which the Sponsor shall deposit or cause to be deposited (directly
or indirectly through Permitted Syndications (as defined in the Interim Investor Agreement) with the Escrow Agent an amount equal to
the amount of the Commitment pursuant to the terms and conditions hereof and of the Escrow Agreement as soon as practicable and in
any event on or before date that is the later of (i) one month after the execution of this letter agreement and (ii) 10 Business
Days after the execution of the Escrow Agreement. Upon the satisfaction of conditions to funding as set forth under Section 2
hereof, or in the event that any amount is due and payable under the Limited Guarantee issued by CICC Healthcare Investment
Fund, L.P. to the Company (the “Applicable Limited
Guarantee”) pursuant to the terms thereof and subject to appliable laws and regulations, the Sponsor and Parent shall
jointly and promptly cause (x) the amount so deposited with the Escrow Agent pursuant to this Section 1(b) be released to the Parent
(which shall constitute the Sponsor’s payment of the Commitment under Section 1(a) hereof to the extent of the amount so
released from the escrow account to Parent) or (y) a portion of the amount so deposited with the Escrow Agent pursuant to this
Section 1(b) in the amount equal to the Maximum Amount set forth in such Applicable Limited Guarantee be released to the Company
(which shall constitute the Sponsor’s performance in full of its obligation under Section 1(a) of the Applicable Limited
Guarantee), as appropriate, with the balance remaining in the escrow account (if any) including interest accrued in the escrow
account released to the Sponsor. Upon the termination of this letter agreement pursuant to Section 3 hereof where no amount is due
under the Applicable Limited Guarantee, the Sponsor and Parent shall jointly and promptly cause the amount so deposited with the
Escrow Agent pursuant to this Section 1(b), together with all interest accrued in the escrow account, be released to the Sponsor.
Notwithstanding anything to the contrary herein, if no Escrow Agreement is entered into or an amount less than the amount of the
Commitment has been deposited with the Escrow Agent, or the amount available in the escrow account for release to Parent pursuant to
the terms of this Section 1(b) is less than the amount of the Commitment, the Sponsor shall make, or cause to be made, directly or
indirectly through Permitted Syndications (as defined in the Interim Investor Agreement), the payment of the Commitment to the
Parent pursuant to other terms hereof to the extent not satisfied by the amount released to the Parent from the escrow
account.
2.
Conditions to Funding. The Sponsor’s obligation to
pay the Commitment to Parent shall be subject to (i) the execution and delivery of the Merger Agreement by the Company and each other
ECL by the parties thereto; (ii) the satisfaction, or waiver by Parent (pursuant to the terms of the Interim Investor Agreement), of each
of the conditions to Parent’s and Merger Sub’s obligations to effect the Merger set forth in Sections 7.01 and 7.02 of the
Merger Agreement as in effect from time to time (other than those conditions that by their nature are to be satisfied at the Closing,
but subject to the prior or substantially concurrent satisfaction or waiver (pursuant to the terms of the Interim Investor Agreement)
of such conditions); (iii) the substantially contemporaneous consummation of the contribution of the Rollover Shares by each Rollover
Shareholder pursuant to Articles III (Rollover) of the Support Agreement, or Parent or Company, as applicable, concurrently seeking enforcement
of Articles III (Rollover) the Support Agreement against such Rollover Shareholder, (iv) the substantially contemporaneous funding to
Parent in full of the contributions by each Other Sponsor contemplated by the other ECLs directly or indirectly through Permitted Syndications
or as otherwise permitted under the Interim Investor Agreement, which shall not have been modified, amended or altered in any manner adverse
to the Sponsor without the Sponsor’s prior written consent, or Parent or Company, as applicable, concurrently seeking enforcement
of the applicable ECL against such Other Sponsor, provided, that the satisfaction or failure of the condition set forth in item
(iv) shall not limit or impair the ability of Parent or the Company to seek enforcement of the obligations of the Sponsor under and in
accordance with this letter agreement, if (x) the Company is also concurrently seeking enforcement of the other ECLs or (y) each Other
Sponsor has satisfied or will satisfy its obligations under its ECLs in full concurrently with or prior to the funding of the Commitment
by the Sponsor hereunder in accordance with this letter agreement; and (v) the substantially concurrent consummation of the Closing, provided,
that if the Company seeks specific performance in accordance with Section 9.08 of the Merger Agreement and Parent or Merger Sub is ordered
by a court of competent jurisdiction in a final non-appealable Order to specifically perform their obligations to effect the Closing pursuant
to the Merger Agreement, the conditions set forth in this item (v) shall be deemed satisfied.
3. Termination.
This letter agreement, and the obligation of the Sponsor to fund the Commitment will terminate automatically and immediately upon
the earliest to occur of (i) the Closing, so long as the Sponsor has at or prior to the Closing fully funded and paid to Parent the
Commitment, (ii) the valid termination of the Merger Agreement in accordance with its terms, (iii) the
discharge in full of its obligation to complete the funding of the Commitment at or prior to the Closing,
and (iv) the assertion by the Company or any of its controlled Affiliates (which for the purpose of this Agreement, shall
have the meaning set forth in the Interim Investor Agreement), directly or indirectly, in any litigation or other Action of any
claim (whether in tort, contract or otherwise) against the Sponsor, any Non-Recourse Party, Parent, Merger Sub, any Other Sponsor or
any Non-Recourse Party as defined in the other ECLs, as applicable, relating to this letter agreement, any other ECL, the Limited
Guarantees, the Merger Agreement, the Support Agreement, or any of the transactions contemplated hereby or thereby (other than (a) a
claim seeking an Order of specific performance or other equitable relief to cause the funding of the Commitment in accordance with Section
6(a) hereof and/or the funding of the “Commitment” of any Other Sponsor in accordance with Section 6(a) of
their applicable ECLs or (b) a claim seeking an Order of specific performance or other equitable relief against Parent or Merger Sub
in accordance with Section 9.08 of the Merger Agreement).
Upon termination of this letter agreement, the Sponsor shall not have any further obligations or liabilities hereunder.
4.
Amendment. Neither this letter agreement nor any provision
hereof may be amended, modified, supplemented, or waived without the prior written consent of (i) Parent and the Sponsor and (ii) with
respect to any provisions of this letter agreement with respect to which the Company is expressly made a third party beneficiary or to
the extent that such amendment or modification would be adverse to the Company Third Party Beneficiary Rights, the Company.
5.
Confidentiality. This letter agreement shall be treated
as confidential and is being provided to Parent solely in connection with the transactions contemplated by the Merger Agreement, including
the Merger. Unless required by applicable Laws, regulations or rules (including rules promulgated by either the SEC or Nasdaq), this letter
agreement may not be used, circulated, quoted or otherwise referred to in any document, except the Merger Agreement or any documents contemplated
therein or otherwise with the Sponsor’s consent. Notwithstanding the foregoing, a copy of this letter agreement may be provided
to the Company if the Company agrees to treat the letter as confidential, provided, that, each of the Company, Parent and the Sponsor
may disclose the existence and content of this letter agreement (i) to its Affiliates and Representatives who need to know the existence
of this letter agreement and are subject to confidentiality obligations, (ii) to the extent required by applicable Laws, regulations or
rules (including rules promulgated by either the SEC or Nasdaq) or in connection with any SEC filings relating to the Merger, (iii) in
connection with any litigation relating to the Merger, the Merger Agreement, and the transactions contemplated thereby as permitted by
or provided for in the Merger Agreement, or (iv) by the Sponsor to any Non-Recourse Party that needs to know of the existence of and content
of this letter agreement.
6.
Third Party Beneficiary.
(a)
This letter agreement shall inure to the benefit of and be binding upon Parent and the Sponsor. This letter agreement may only
be enforced by Parent or the Sponsor, and none of the creditors of Parent or Merger Sub nor any other Person that is not a party to this
letter agreement shall have any right to enforce this letter agreement or to cause Parent to enforce this letter agreement; provided,
that, to the extent the Company is entitled to specific performance pursuant to and subject to the conditions in Section 9.08 of the Merger
Agreement, and subject to Sections 2, 6(b), 7 and 8 hereof, the Company is an express third party beneficiary of
the rights granted to Parent under this letter agreement to the extent of the rights set forth in Sections 1, 4, 6, 7, 8 and 9 and shall
be entitled to seek an injunction or an order of specific performance (or another non-monetary equitable remedy) to cause the Commitment
to be funded in accordance with Section 1 (the “Company Third Party Beneficiary Rights”). The parties hereby agree
that subject to the Company Third Party Beneficiary Rights, their respective representations, warranties and covenants set forth herein
are solely for the benefit of the other party hereto in accordance with and subject to the terms of this letter agreement, and this letter
agreement is not intended to, and does not, confer upon any Person other than the parties hereto any rights or remedies hereunder or any
rights to enforce the Commitment or any provision of this letter agreement.
(b)
Subject to the terms and conditions set forth herein, the Company shall be entitled to specifically enforce Parent’s right
to cause the Commitment to be funded to Parent solely to the extent permitted under Section 6(a) hereof and the Company shall
not be a third party beneficiary for any purpose (including, without limitation, any claim for monetary damages hereunder or under the
Merger Agreement) other than as specified in Section 6(a) hereof. The Company hereby agrees that specific performance shall be
its sole and exclusive remedy with respect to any breach by the Sponsor of this letter agreement and that the Company may not seek or
accept any other form of relief that may be available for any such breach of this letter agreement (including monetary damages), provided,
that, notwithstanding anything to the contrary, if the Company seeks specific performance for such breach of this letter agreement as
permitted under Section 6(a), and a court of competent jurisdiction in a final, non-appealable determination as to the availability
of specific performance does not specifically enforce any obligation of the Sponsor hereunder pursuant to any proceeding for specific
performance brought against the Sponsor, then the Company shall have the right to seek the payments contemplated by, and subject to the
terms and conditions of, Section 1 of the Limited Guarantee executed and delivered to the Company by the Sponsor (subject to the limitations
and conditions therein). In addition, the Company shall, and shall cause each of its Affiliates to, cause any proceeding still pending
to be dismissed with prejudice upon the earlier of (i) the consummation of the Closing by Parent or (ii) payment of the Parent Termination
Fee pursuant to the Merger Agreement.
(c)
Notwithstanding anything to the contrary set forth herein, in no event shall the aggregate amount of liabilities of the Sponsor
under this letter agreement exceed the Cap. No Person may enforce the Sponsor’s obligations under this letter agreement without
giving effect to the foregoing sentence. Notwithstanding the foregoing, if the Company or any of its Affiliates asserts in any proceeding
or other Action of any claim (whether in tort, contract or otherwise) that the Cap on the Sponsor’ liabilities hereunder or the
Cap (as defined in each other ECL) on any Other Sponsor’s liabilities, is illegal, invalid or unenforceable in whole or in part,
then if the Sponsor has previously made any payments under this letter agreement, it shall be entitled to recover such payments, and the
Sponsor shall have no liabilities or obligations to any Person under this letter agreement. For the purpose of this Agreement, “Cap”
means the amount of the Commitment less the amount of the portion of the Commitment that has been funded in accordance with the terms
hereof.
7.
Governing Law. This letter agreement and all disputes or
controversies arising out of, or relating to, this letter agreement or the transaction contemplated hereby shall be interpreted, construed
and governed by and in accordance with the laws of New York without regard to the conflicts of law principles thereof.
8. Submission
to Jurisdiction. Subject to the last sentence of this Section 8, any Action arising out of or relating to this letter
agreement or its subject matter (including a dispute regarding the existence, validity, formation, effect, interpretation,
performance or termination of this letter agreement) shall be submitted to HKIAC and resolved in accordance with the Administrative
Arbitration Rules of HKIAC. The place of arbitration shall be Hong Kong. The official language of the arbitration shall be English
and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s) shall
nominate jointly one Arbitrator; the respondent(s) shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated
jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or
respondent(s) or the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third
Arbitrator within the time limits specified by the Administrative Arbitration Rules of HKIAC, such Arbitrator shall be appointed
promptly by the HKIAC. The arbitration tribunal shall have no authority to award punitive or other punitive-type damages. The award
of the arbitration tribunal shall be final and binding upon the disputing parties. Any party to an award may apply to any court of
competent jurisdiction for enforcement of such award and, for purposes of the enforcement of such award, the parties irrevocably and
unconditionally submit to the jurisdiction of any court of competent jurisdiction and waive any defenses to such enforcement based
on lack of personal jurisdiction or inconvenient forum.
9.
Assignments. This letter agreement shall not be assigned
by any of the parties (whether by operation of law or otherwise) without the prior written consent of the other party and the Company;
provided, that without the prior written consent of Parent and the Company, the rights, interests or obligations under this letter
agreement may be assigned or delegated, in whole or in part, by the Sponsor to one or more of its Affiliates or in connection with a Permitted
Syndication, provided, that no such assignment or delegation shall relieve the Sponsor of its obligations hereunder to the extent
not performed by such assignees or delegees. Any attempted assignment in violation of this Section 9 shall be null and void.
10.
Representations. Each Party hereby represents and warrants
with respect to itself to the other Party that (a) it is duly organized, validly existing and in good standing under the Laws of the jurisdiction
of its formation and has full legal right, power, capacity and authority to execute and deliver this letter agreement, to perform the
obligations hereunder and to consummate the transactions contemplated hereby; (b) this letter agreement has been duly and validly executed
and delivered by it and constitutes a valid and legally binding obligation, enforceable against it in accordance with the terms of this
letter agreement, subject to the Enforceability Exceptions; (c) all consents, approvals, authorizations, permits of, filings with and
notifications to, any Governmental Authority or any other person necessary for the due execution, delivery and performance of this letter
agreement by it have been obtained or made and all conditions thereof have been duly complied with, and no other action by, and no notice
to or filing with, any Governmental Authority or any other person is required in connection with the execution, delivery or performance
of this letter agreement; (d) there is no Action pending against it, or, to its knowledge, threatened against it, that restricts or prohibits
(or, if successful, would restrict or prohibit) the performance by it of its obligations under this letter agreement; (e) the execution,
delivery and performance by it of this letter agreement does not (i) violate any applicable Law or court judgment, or (ii) result in any
violation of, or default (with or without notice or lapse of time, or both) under, or give rise to a right of termination, cancellation
or acceleration of any obligation or to the loss of any benefit under, or otherwise require the consent or approval of any other person
pursuant to, any Contract to which it is a party. The Sponsor hereby further represents and warrants to Parent that (a) it will have,
immediately prior to Closing, sufficient and readily available funds in United States Dollars to pay the Commitment pursuant to this letter
agreement as well as to fulfill its other obligations under this letter agreement and all of its other unfunded contractually binding
equity commitments that are then outstanding; and (b) the Commitment is less than the maximum amount that Sponsor is permitted to invest
in any one portfolio investment pursuant to the terms of its constituent documents or otherwise.
11. No
Recourse. Notwithstanding anything that may be expressed or implied in this letter agreement or any document or
instrument delivered in connection herewith, by its acceptance of the benefits of this letter agreement, Parent covenants, agrees
and acknowledges that no Person other than the Sponsor has any obligation hereunder. Without limiting the generality of the
foregoing, and notwithstanding anything that may be expressed or implied in this letter agreement, or any document or instrument
delivered in connection herewith, Parent, by its acceptance of the benefits of this letter agreement, covenants, agrees and
acknowledges that (a) no Person (other than Sponsor, Parent and their respective successors and permitted assignees) has any
obligation or liability hereunder (whether of an equitable, contractual, tort, statutory or other nature), and (b) notwithstanding
that Sponsor may be a partnership or limited liability company, Parent has no right of recovery under this letter agreement or under
any document or instrument delivered in connection herewith or in respect of any representations made or alleged to have been made
in connection herewith or therewith, or for any claim based on, in respect of, or by reason of, such obligations or their creation,
against, and no recourse shall be had against, and no personal liability shall attach to, any former, current or future direct or
indirect holder of any equity, stock, general or limited partnership or limited liability company interest, controlling Person,
management company, portfolio company, incorporator, director, officer, employee, agent, advisor, attorney, representative,
Affiliate, members, managers, general or limited partners, shareholders, stockholders or assignees of the Sponsor (other than any
permitted assignee under Section 9) or any former, current or future direct or indirect holder of any equity, stock, general or
limited partnership or limited liability company interest, controlling Person, management companies, portfolio companies,
incorporators, directors, officers, employees, agents, advisors, attorneys, representatives, Affiliates, members, managers, general
or limited partners, shareholders, stockholders or assignees (other than any permitted assignee under Section 9) of any of the
foregoing (each, a “Non-Recourse Party”), through Sponsor or otherwise, whether by or through attempted piercing
the corporate veil, by or through a claim (whether at law or equity or in tort, contract or otherwise) by or on behalf of Parent or
Sponsor against any Non-Recourse Party, whether by the enforcement of any assessment or by any legal or equitable proceeding, by
virtue of any statute, regulation or applicable Law, or otherwise. For the avoidance of doubt, none of Sponsor, Parent, Merger Sub,
the Other Sponsors or their respective successors and assigns under the Merger Agreement, this letter agreement, the other ECLs, the
Limited Guarantees shall be a Non-Recourse Party.
12.
Notices. All notices and other communications hereunder
shall be in writing (in the English language), and shall be deemed duly given (a) on the date of delivery if delivered personally, or
if by facsimile or email (unless an error message is generated with respect to such delivery by facsimile or email), (b) on the first
Business Day following the date of dispatch if delivered utilizing a next-day service by a recognized next-day courier, or (c) on the
earlier of confirmed receipt or the fifth Business Day following the date of mailing if delivered by registered or certified mail, return
receipt requested, postage prepaid. All notices hereunder shall be delivered to the addresses set forth below or pursuant to such other
instructions as may be designated in writing by the party to receive such notice:
if to Parent, to:
Mr. Sizhen Wang
1-2/F, Building 11
Zone 1, No. 8 Life Science Parkway
Changping District, Beijing, 102206
People’s Republic of China
if to the Sponsor, to:
Mr. Hantao Huang
36F, China World Tower
B
No.1 Jian Guo Men
Wai Avenue
Beijing 100004
People’s Republic of China
Email:
13.
Entire Agreement. This letter agreement, together with the Interim Investor Agreement, the Limited Guarantee, the Support
Agreement, the Confidentiality Agreements and the Merger Agreement, contains the entire understanding of the parties with respect to the
subject matter hereof and supersedes all prior agreements or understandings, both written and oral, between the parties with respect to
the subject matter hereof.
14.
Severability. Any term or provision of this letter agreement which is invalid or unenforceable in any jurisdiction shall,
as to that jurisdiction, be ineffective to the sole extent of such invalidity or unenforceability without rendering invalid or unenforceable
the remainder of such term or provision or the remaining terms and provisions of this letter agreement in any jurisdiction and, if any
provision of this letter agreement is so broad as to be unenforceable, such provision shall be interpreted to be only so broad as is enforceable.
15.
Counterparts. This letter agreement may be executed in counterparts
and by facsimile or in .pdf format, each of which, when so executed, shall be deemed to be an original and all of which taken together
shall constitute one and the same instrument.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, this letter agreement is executed and effective
as of date first written above.
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Sponsor: |
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CICC Healthcare Investment Fund, L.P. |
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By: CICC Healthcare Investment |
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Management Limited, its general partner |
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By: |
/s/ Xia Wu |
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Name: |
Xia Wu |
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Title: |
Director |
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/s/ Jin Wang |
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Name: |
Jin Wang |
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Title: |
Director |
[Signature Page to Equity Commitment Letter]
Agreed to and acknowledged |
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as of the date first written above: |
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Parent: |
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New Genetron Holding Limited |
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By: |
/s/ Sizhen Wang |
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Name: |
Sizhen Wang |
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Title: |
Director |
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[Signature Page to Equity Commitment Letter]
Exhibit 7
Execution Version
LIMITED GUARANTEE
This Limited Guarantee (this
“Limited Guarantee”), dated as of October 11, 2023, is made by Tianjin Kangyue Business Management Partnership
(Limited Partnership), a limited partnership organized under the laws of the PRC (the “Guarantor”), in favor of Genetron
Health (Beijing) Co., Ltd. (北京泛生子基因科技有限公司)
(the “Guaranteed Party”), a wholly-owned subsidiary of Genetron Holdings Limited, an exempted company with limited
liability incorporated under the laws of the Cayman Islands (the “Target”). Unless otherwise indicated, capitalized
terms used but not defined in this Limited Guarantee shall have the meanings assigned to them in the Merger Agreement (as defined below).
1. GUARANTEE.
(a) To
induce the Target to enter into that certain Agreement and Plan of Merger, dated as of the date hereof, by and among New Genetron Holding
Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Parent”), Genetron
New Co Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned subsidiary
of Parent (“Merger Sub”), and the Target (as may be amended, restated, supplemented or otherwise modified from time
to time in accordance with its terms, the “Merger Agreement”), pursuant to which Merger Sub will be merged with and
into the Target, the Guarantor hereby absolutely, unconditionally and irrevocably guarantees to the Guaranteed Party the due and punctual
payment and discharge if, as and when due of 7.2% (the “Guaranteed Percentage”) of the payment obligations of Parent
with respect to (i) the payment of the Parent Termination Fee pursuant to Section 8.06(b) of the Merger Agreement, and
(ii) the reimbursement obligations of Parent pursuant to Section 8.06(d) of the Merger Agreement, in each case subject to the
limitations set forth in Section 8.06(f) of the Merger Agreement (the obligations contemplated by the immediately preceding
clauses (i) and (ii) collectively, without regard to the Guaranteed Percentage, the “Obligations”); provided,
that notwithstanding anything to the contrary contained in this Limited Guarantee, this Limited Guarantee may be enforced for money damages
only and in no event shall the Guarantor’s aggregate liability under this Limited Guarantee exceed Renminbi equivalent of US$184,021
(by applying the U.S. dollars to Renminbi exchange rate published by The People’s Bank of China on 中国人民银行-货币政策司-人民币汇率-人民币汇率中间价公告(pbc.gov.cn)
as of the date on which the Merger Agreement is terminated, and if such termination date is a non-Business Day in PRC, as of the next
succeeding Business Day in PRC) plus any amount required to be paid under Section 1(c) below (the “Maximum Amount”).
The Guarantor shall not have any obligations or liability to any person relating to, arising out of or in connection with this Limited
Guarantee other than as expressly set forth herein or in the Equity Commitment Letter. The parties agree that this Limited Guarantee may
not be enforced without giving effect to the proviso to the immediately preceding sentence, including the Maximum Amount and the terms
under Section 9 of this Limited Guarantee, and that the Guaranteed Party will not seek to enforce this Limited Guarantee for an amount
in excess of the Maximum Amount. Unless otherwise requested by the Guaranteed Party, all payments hereunder shall be made in Renminbi,
in immediately available funds.
(b) Subject
to the terms and conditions of this Limited Guarantee, if Parent fails to pay the Obligations when due, then all of the Guarantor’s
liabilities to the Guaranteed Party hereunder in respect of the Obligations shall become immediately due and payable and the Guaranteed
Party may, at the Guaranteed Party’s option and so long as Parent remains in breach of the Obligations, take any and all actions
available hereunder or under applicable Law to collect the Obligations from the Guarantor. The Guarantor promises and undertakes to make
all payments hereunder free and clear of any deduction, offset, defense, claim or counterclaim of any kind.
(c) The
Guarantor agrees to pay on demand all reasonable and documented out-of-pocket expenses (including reasonable fee and expenses of counsel)
incurred by the Guaranteed Party in connection with the enforcement of its rights hereunder, including without limitation in the event
that (i) the Guarantor asserts in any Action that this Limited Guarantee is illegal, invalid or unenforceable in accordance with
its terms and the Guaranteed Party prevails in such Action, or (ii) the Guarantor fails or refuses to make any payments to the Guaranteed
Party hereunder if and when due and payable and it is determined judicially or by arbitration that the Guarantor is required to make such
payment hereunder, which amounts will be in addition to the Obligations.
2. NATURE
OF GUARANTEE. Subject to the terms hereof, the Guarantor’s liability hereunder is absolute, unconditional, irrevocable
and continuing irrespective of any modification, amendment, or waiver of or any consent to departure from the Merger Agreement that may
be agreed to by Parent or Merger Sub, or any other agreement or instrument evidencing, securing or otherwise executed by Parent, Merger
Sub, or any other Person in connection with any of the Obligations, in each case to the extent that any of the foregoing does not have
the effect of increasing the Maximum Amount. Without limiting the foregoing, the Guaranteed Party shall not be obligated to file
any claim relating to the Obligations in the event that Parent or Merger Sub becomes subject to a bankruptcy, reorganization or similar
proceeding, and the failure of the Guaranteed Party to so file shall not affect the Guarantor’s obligations hereunder. In
the event that any payment from the Guarantor to the Guaranteed Party in respect of the Obligations is rescinded or must otherwise be,
and is, returned to the Guarantor for any reason whatsoever, the Guarantor shall remain liable hereunder as if such payment had not been
made. This Limited Guarantee is an unconditional guarantee of payment and performance and not of collectability. The Guarantor
reserves the right to assert as a defense to such payment by the Guarantor under this Limited Guarantee any rights, remedies and defenses
that Parent or Merger Sub may have with respect to payment of any Obligations under the Merger Agreement, other than defenses arising
from the bankruptcy or insolvency of Parent or Merger Sub and other defenses expressly waived herein. This Limited Guarantee is
a primary and original obligation of the Guarantor and is not merely the creation of a surety relationship, and the Guaranteed Party shall
not be required to proceed against Parent or Merger Sub first before proceeding against the Guarantor.
3. CHANGES
IN OBLIGATIONS; CERTAIN WAIVERS.
(a) The
Guarantor agrees that the Guaranteed Party may, in its sole discretion, at any time and from time to time, extend the time of payment
of any of the Obligations, and may also make any agreement with Parent or Merger Sub, for the extension, renewal, payment, compromise,
discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between the Guaranteed
Party and Parent, Merger Sub, or such other person without in any way impairing or affecting the Guarantor’s obligations under this
Limited Guarantee or affecting the validity or enforceability of this Limited Guarantee provided, that the consent of the Guarantor shall
be required to the extent it has the effect of expanding the circumstances under which the obligations will be payable. The Guaranteed
Party shall not release any of the other guarantors (if any, the “Other Guarantors”) under other limited guarantees
in the form substantially the same with this Limited Guarantee (the “Other Guarantees”) from any obligations under
such Other Guarantees or amend or waive any provision of such Other Guarantees except to the extent the Guarantor under this Limited Guarantee
is released or the provisions of the Limited Guarantee are amended or waived, in each case, on terms and conditions no less favorable
than those applicable to the Other Guarantees. The Guarantor agrees that, except as set forth in the last sentence of the Section
3(d) and except for termination in accordance with Section 8 of this Limited Guarantee, the obligations of the Guarantor hereunder shall
not be released or discharged, in whole or in part, or otherwise affected by, without duplication, (i) the failure or delay of the
Guaranteed Party to assert any claim or demand or to enforce any right or remedy against Parent, Merger Sub, or any other person interested
in the transactions contemplated by the Merger Agreement; (ii) any change in the corporate existence, structure or ownership of Parent,
Merger Sub, or any other person interested in the transactions contemplated by the Merger Agreement; (iii) any insolvency, bankruptcy,
reorganization or other similar proceeding affecting Parent, Merger Sub or any other person interested in the transactions contemplated
by the Merger Agreement; (iv) except as expressly provided herein, the existence of any claim, set-off or other right that the Guarantor
may have at any time against Parent, Merger Sub or the Guaranteed Party, whether in connection with the Obligations or otherwise; (v) any
change in the time, place or manner of payment of any of the Obligations, or any recession, waiver, compromise, consolidation or other
amendment or modification of any of the terms or provisions of the Merger Agreement made in accordance with the terms thereof (in each
case, except in the event of any amendment to the circumstances under which the Obligations are payable); (vi) the adequacy of any
other means the Guaranteed Party may have of obtaining repayment of any of the Obligations; (vii) any other act or omission that may in
any manner or to any extent vary the risk of or to the Guarantor or otherwise operate as an addition, substitution, legal or equitable
discharge or release (in the case of a discharge or release, other than a discharge or release of the Guarantor with respect to the Obligations
as a result of payment in full of the Obligations in accordance with their terms, a full discharge or release of Parent with respect to
the Obligations under the Merger Agreement, or as a result of valid defenses to the payment of the Obligations that would be available
to Parent under the Merger Agreement) of any person now or hereafter liable with respect to any portion of the Obligations or otherwise
interested in the transactions contemplated by the Merger Agreement as a matter of law or equity (other than as a result of payment in
full of the Obligations in accordance with their terms, a full discharge or release of Parent with respect to the Obligations under the
Merger Agreement, or as a result of valid defenses to the payment of the Obligations that would be available to Parent under the Merger
Agreement or in respect of a breach by the Guaranteed Party of Section 8 hereof); or (viii) the value, validity, legality or enforceability
of the Merger Agreement, the Other Guarantees, or any other agreement or instrument referred to herein or therein.
(b)
The Guarantor waives promptness, diligence, notice of the acceptance of this Limited Guarantee and of the Obligations, presentment, demand
for payment, notice of non-performance, default, dishonor and protest, notice of the incurrence of any Obligations and all other notices
(other than notices expressly required to be provided to Parent and Merger Sub pursuant to the Merger Agreement), all defenses that may
be available by virtue of any valuation, stay, moratorium law or other similar law now or hereafter in effect, any right to require the
marshaling of assets of any person interested in the transactions contemplated by the Merger Agreement, and all suretyship defenses generally
(other than valid defenses to the payment of the Obligations that are available to Parent or Merger Sub under the Merger Agreement).
The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the transactions contemplated by the Merger
Agreement and that the waivers set forth in this Limited Guarantee are knowingly made in contemplation of such benefits.
(c) The
Guarantor hereby unconditionally and irrevocably waives and agrees not to exercise any rights that it may now have or hereafter acquire
against Parent or Merger Sub that arise from the existence, payment, performance, or enforcement of the Guarantor’s obligations
under or in respect of this Limited Guarantee or any other agreement in connection therewith, including, without limitation, any right
of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the
Guaranteed Party against Parent or Merger Sub, whether or not such claim, remedy or right arises in equity or under contract, statute
or common law, including, without limitation, the right to take or receive from Parent or Merger Sub, directly or indirectly, in cash
or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until
all of the Obligations and all other amounts payable under this Limited Guarantee shall have been paid in full in immediately available
funds (or by any other person, including Merger Sub, on behalf of the Guarantor). If any amount shall be paid to the Guarantor in violation
of the immediately preceding sentence at any time prior to the payment in full in immediately available funds of the Obligations and all
other amounts payable under this Limited Guarantee, such amount shall be received and held in trust for the benefit of the Guaranteed
Party, shall be segregated from other property and funds of the Guarantor and shall forthwith be paid or delivered to the Guaranteed Party
in the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Obligations and all other
amounts payable under this Limited Guarantee, whether matured or unmatured, or to be held as collateral for any Obligations or other amounts
payable under this Limited Guarantee thereafter arising.
(d) Notwithstanding
anything to the contrary contained in this Limited Guarantee but subject to clause (v) under Section 3(a), the Guaranteed Party hereby
agrees that to the extent Parent or Merger Sub is relieved of all or any portion of its payment obligations under the Merger Agreement,
the Guarantor shall be similarly relieved of its corresponding obligations under this Limited Guarantee.
4. NO
WAIVER; CUMULATIVE RIGHTS. No failure on the part of the Guaranteed Party to exercise, and no delay in exercising, any right,
remedy or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Guaranteed Party of any right,
remedy or power hereunder preclude any other or future exercise of any right, remedy or power hereunder. Each and every right, remedy
and power hereby granted to the Guaranteed Party or allowed it by Law or other agreement shall be cumulative and not exclusive of any
other, and may be exercised by the Guaranteed Party at any time or from time to time. The Guaranteed Party shall not have any obligation
to proceed at any time or in any manner against, or exhaust any or all of the Guaranteed Party’s rights against Parent or Merger
Sub or any other persons now or hereafter liable for any Obligations or interested in the transactions contemplated by the Merger Agreement
prior to proceeding against the Guarantor, and the failure by the Guaranteed Party to pursue rights or remedies against Parent or Merger
Sub shall not relieve the Guarantor of any liability hereunder, and shall not impair or affect the rights, remedies, whether express,
implied or available as a matter of law, of the Guaranteed Party.
5. REPRESENTATIONS
AND WARRANTIES. The Guarantor hereby represents and warrants to the Guaranteed Party that:
(a)
it is duly organized, validly existing and in good standing under the laws of the jurisdiction where it is formed and has all requisite
power and authority to execute, deliver and perform this Limited Guarantee and the execution, delivery and performance of this Limited
Guarantee have been duly authorized by all necessary action on the Guarantor’s part;
(b) the
execution, delivery and performance of this Limited Guarantee do not contravene any Law or contractual restriction binding on the Guarantor
or its assets;
(c) all
consents, approvals, authorizations and permits of, filings with and notifications to, any Governmental Authority necessary for the due
execution, delivery and performance of this Limited Guarantee by the Guarantor have been obtained or made and all conditions thereof have
been duly complied with, and no other action by, and no notice to or filing with, any Governmental Authority is required from the Guarantor
in connection with the execution, delivery or performance of this Limited Guarantee;
(d) this
Limited Guarantee constitutes a legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with
its terms, subject to the Enforceability Exceptions; and
(e) (i) the
Guarantor is solvent and will not be rendered insolvent as a result of its execution and delivery of this Limited Guarantee or the performance
of its obligations hereunder, (ii) the Guarantor has the financial capacity to pay and perform its obligations under this Limited
Guarantee, and (iii) all funds necessary for the Guarantor to fulfill its obligations under this Limited Guarantee shall be available
to the Guarantor for so long as this Limited Guarantee shall remain in effect in accordance with the terms of this Limited Guarantee.
6. NO
ASSIGNMENT. No party hereto may assign its rights, interests or obligations hereunder to any other person without the prior
written consent of each other party hereto; provided, that the Guarantor may assign all or a portion of its obligations hereunder,
with prior written notice to the Guaranteed Party accompanied by a guarantee in the form identical to this Limited Guarantee duly executed
and delivered by the assignee, to an Affiliate of the Guarantor; provided further, that no such assignment shall relieve the
Guarantor of any liability or obligations hereunder except to the extent actually performed or satisfied by the assignee.
7. NOTICES.
All notices, requests and other communications to any party hereunder shall be given in the manner specified in the Merger Agreement (and
shall be deemed given as specified therein) as follows:
if to the Guarantor,
to:
Mr. Hantao Huang
36F, China World Tower B
No.1 Jian Guo Men Wai Avenue
Beijing 100004
People’s Republic of China
Email:
if to the Guaranteed Party, as provided
with respect to the Target in the Merger Agreement.
8. TERMINATION;
CONTINUING GUARANTEE. Subject to Section 3(d), this Limited Guarantee shall take effect concurrently with other limited
guarantee executed by Other Guarantees, and shall terminate and the Guarantor shall have no further obligations hereunder upon the earliest
to occur of (a) the Effective Time, (b) the payment in full of the Obligations subject always to the Maximum Amount, and (c) the
valid termination of the Merger Agreement in accordance with its terms under the circumstance in which Parent and/or Merger Sub would
not be obligated to make any payment of any Obligations. Notwithstanding the immediately preceding sentence, the obligations of
the Guarantor hereunder shall expire automatically six (6) months following the valid termination of the Merger Agreement in a manner
that gives rise to an obligation of Parent and/or Merger Sub to make any payment of any Obligations at the time of such termination (the
“Fee Claim Period”), unless a claim for payment of the Obligations, subject always to the Maximum Amount, is made in
accordance with this Limited Guarantee prior to the end of the Fee Claim Period, in which case the Guarantor’s obligations hereunder
shall be discharged upon the date on which such claim is finally satisfied or otherwise resolved by agreement of the parties hereto pursuant
to Section 12 (and payment in full of any amounts required to be paid by such resolution). Notwithstanding the foregoing, in
the event that the Guaranteed Party or any of its controlled Affiliates asserts in any litigation or other proceeding that any provisions
of this Limited Guarantee limiting the Guarantor’s liability to the Maximum Amount are illegal, invalid or unenforceable in whole
or in part or that the Guarantor is liable in excess of or to a greater extent than the Maximum Amount, or asserts any theory of liability
against any Non-Recourse Party other than the Retained Claims (as defined below), then (x) all obligations of the Guarantor under
this Limited Guarantee shall terminate ab initio and be null and void, (y) if the Guarantor has previously made
any payments under this Limited Guarantee, it shall be entitled to recover the full amount of such payments and (z) neither the Guarantor
nor any Non-Recourse Party shall have any liability to the Guaranteed Party with respect to the Merger Agreement and the transactions
contemplated thereby, the Equity Financing or under this Limited Guarantee.
9. NO
RECOURSE.
(a)
The Guaranteed Party acknowledges and agrees that none of Parent or Merger Sub has any assets other than their respective rights under
the Merger Agreement and the agreements contemplated thereby, and that no funds are expected to be contributed to Parent or Merger Sub
until the Effective Time. Notwithstanding anything that may be expressed or implied in this Limited Guarantee or any document or
instrument delivered in connection herewith, by its acceptance of the benefits of this Limited Guarantee, the Guaranteed Party covenants,
agrees and acknowledges that no person (other than the Guarantor and any of its permitted assignees) has any obligations under this
Limited Guarantee and that the Guaranteed Party has no right of recovery under this Limited Guarantee, or any claim based on such obligations
against, and no personal liability shall attach to, the former, current or future equity holders, controlling persons, directors, officers,
employees, agents, representatives, general partners, limited partners, managers, members, advisors, attorneys, or Affiliates of any of
the Guarantor, Parent or Merger Sub or their respective Affiliates, or any former, current or future equity holders, controlling persons,
directors, officers, employees, agents, representatives, general partners, limited partners, managers, members, or Affiliates of any of
the foregoing (each of these persons, a “Non-Recourse Party” and collectively, the “Non-Recourse Parties”),
through the Guarantor, Parent or Merger Sub or otherwise, whether by or through attempted piercing of the corporate (or limited partnership
or limited liability company) veil, by or through a claim by or on behalf of the Guarantor, Parent or Merger Sub against any Non-Recourse
Party, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute, regulation or applicable
Law, or otherwise, except for claims against (i) Parent or Merger Sub under and pursuant to the terms of the Merger Agreement, (ii)
the Guarantor under and pursuant to the terms of this Limited Guarantee and subject to the conditions hereof (including the Maximum Amount),
(iii) each Other Guarantor under and pursuant to the terms of its Other Guarantee and subject to the conditions thereof (including the
Maximum Amount as defined in such Other Guarantee), (iv) Parent and each Rollover Shareholder under and pursuant to the terms of
the Support Agreement, and (v) each Sponsor pursuant to, in accordance with, and subject to the limitations set forth in the Equity
Commitment Letter (the claims described in the foregoing clauses (i) through (v), whether or not against the Guarantor, Parent, Merger
Sub, Rollover Shareholders, Other Guarantors, Sponsor and/or their respective successors and assigns, collectively, the “Retained
Claims”), provided, that in the event the Guarantor (x) consolidates with or merges with any other person and
is not the continuing or surviving entity of such consolidation or merger or (y) transfers or conveys all or a substantial portion
of its properties and other assets to any person such that the aggregate sum of the Guarantor’s remaining net assets is less than
an amount equal to its payment obligations hereunder as of the time of such transfer, then, and in each such case, the Guaranteed Party
may seek recourse, whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding or by virtue of any
applicable Law, against such continuing or surviving entity or such person, as the case may be, but only if the Guarantor fails to satisfy
its payment obligations hereunder and only to the extent of the liability of the Guarantor hereunder. For the avoidance of doubt, none
of the Guarantor, Parent, Merger Sub, Rollover Shareholders, Other Guarantors, Sponsor or their respective successors and permitted assigns
under the Merger Agreement, the Support Agreement, the Other Guarantees, the Equity Commitment Letters or this Limited Guarantee shall
be a Non-Recourse Party.
(b)
Notwithstanding anything to the contrary contained in this Limited Guarantee, the Retained Claims shall be the sole and exclusive remedy
of the Guaranteed Party and its Affiliates against the Guarantor and the Non-Recourse Parties in respect of any liabilities or obligations
arising under, or in connection with the Merger Agreement, the Support Agreement, the Equity Financing or the transactions contemplated
thereby. The Guaranteed Party hereby covenants and agrees that it shall not institute, directly or indirectly, and shall cause
its controlled Affiliates not to institute, directly or indirectly, any Action arising under, or in connection with, the Merger Agreement
or this Limited Guarantee or the transactions contemplated hereby or thereby, against the Guarantor or any Non-Recourse Party, except
for the Retained Claims. Nothing set forth in this Limited Guarantee shall affect or be construed to affect any liability of Parent
or Merger Sub to the Guaranteed Party under the Merger Agreement. Nothing set forth in this Limited Guarantee shall give or be construed
to give any person other than the Guaranteed Party any rights or remedies against any person, except as expressly set forth in this Limited
Guarantee.
10. AMENDMENTS
AND WAIVERS. No amendment or waiver of any provision of this Limited Guarantee will be valid and binding unless it is in writing
and signed, in the case of an amendment, by the Guarantor and the Guaranteed Party, or in the case of waiver, by the party against whom
the waiver is to be effective. No waiver by any party of any breach or violation of, or default under, this Limited Guarantee, whether
intentional or not, will be deemed to extend to any prior or subsequent breach, violation or default hereunder or affect in any way any
rights arising by virtue of any prior or subsequent such occurrence.
11. ENTIRE
AGREEMENT. This Limited Guarantee, the Merger Agreement (including any schedules, exhibits and annexes thereto and any other
documents and instruments referred to thereunder, including the Support Agreement, Confidentiality Agreements, Equity Commitment Letters
and the Other Guarantees) constitute the entire agreement among the parties with respect to the subject matter hereof and supersedes all
prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
12. GOVERNING
LAW; SUBMISSION TO JURISDICTION. This Limited Guarantee shall be interpreted, construed and governed by and in accordance with
the laws of New York without regard to the conflicts of law principles thereof. Subject to the last sentence of this Section 12,
any Action arising out of or relating to this Limited Guarantee or its subject matter (including a dispute regarding the existence, validity,
formation, effect, interpretation, performance or termination of this Limited Guarantee) shall be submitted to HKIAC and resolved in accordance
with the Arbitration Rules of HKIAC. The place of arbitration shall be Hong Kong. The official language of the arbitration
shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s) shall
nominate jointly one Arbitrator; the respondent(s) shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated
jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or
the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time
limits specified by the Arbitration Rules of HKIAC, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal
shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding
upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and,
for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of
competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.
13. NO
THIRD PARTY BENEFICIARIES. This Limited Guarantee shall be binding upon and insure solely to the benefit of the parties
hereto and their respective successors and permitted assigns, and nothing express or implied in this Limited Guarantee is intended to,
or shall, confer upon any other Person other than the parties hereto any benefits, rights or remedies under or by reason of, or any rights
to enforce or cause the Guaranteed Party to enforce, the obligations set forth herein; provided, that the Non-Recourse Parties
shall be third party beneficiaries of the provisions hereof that are expressly for their benefit.
14. COUNTERPARTS.
This Limited Guarantee may be signed in any number of counterparts and may be executed and delivered by facsimile or email pdf format,
and each counterpart shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
15. SEVERABILITY.
If any term or other provision of this Limited Guarantee is invalid, illegal or incapable of being enforced by any rule of law, or
public policy, all other conditions and provisions of this Limited Guarantee shall nevertheless remain in full force and effect so long
as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party; provided,
that this Limited Guarantee may not be enforced against the Guarantor without giving effect to the Maximum Amount or the provisions set
forth in Sections 1, 8 and 9. No party hereto shall assert, and each party shall cause its controlled Affiliates not to assert,
that this Limited Guarantee or any part hereof is invalid, illegal or unenforceable. Upon a determination that any term or provision
is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Limited Guarantee
so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions
contemplated hereby be consummated as originally contemplated to the fullest extent possible.
16. HEADINGS.
Headings are used for reference purposes only and do not affect the meaning or interpretation of this Limited Guarantee.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the Guarantor
has caused this Limited Guarantee to be executed and delivered as of the date first written above.
|
Tianjin Kangyue Business Management
Partnership (Limited Partnership) 天津康悦企
业管理合伙企业(有限合伙) |
|
|
|
By: |
/seal/ Tianjin Kangyue Business Management Partnership (Limited Partnership) |
|
|
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
|
|
Title: |
Authorized Signatory |
[Signature Page to Limited Guarantee]
IN WITNESS WHEREOF, the Guaranteed
Party has caused this Limited Guarantee to be executed and delivered as of the date first written above by its officer thereunto duly
authorized.
|
Genetron Health (Beijing) Co., Ltd. (北京泛生子基因科技有限公司) |
|
|
|
By: |
/seal/ Genetron Health (Beijing) Co., Ltd. |
|
|
/s/
Sizhen Wang |
|
|
Name: |
Sizhen
Wang |
|
|
Title:
|
Director |
[Signature Page to Limited Guarantee]
Exhibit 8
Execution Version
LIMITED GUARANTEE
This Limited Guarantee (this
“Limited Guarantee”), dated as of October 11, 2023, is made by CICC Healthcare Investment Fund, L.P., a partnership
organized under the laws of Cayman Islands (the “Guarantor”), in favor of Genetron Holdings Limited, an exempted company
with limited liability incorporated under the laws of the Cayman Islands (the “Guaranteed Party”). Unless otherwise
indicated, capitalized terms used but not defined in this Limited Guarantee shall have the meanings assigned to them in the Merger Agreement
(as defined below).
1. GUARANTEE.
(a) To
induce the Guaranteed Party to enter into that certain Agreement and Plan of Merger, dated as of the date hereof, by and among New Genetron
Holding Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands (“Parent”),
Genetron New Co Limited, an exempted company with limited liability incorporated under the laws of the Cayman Islands and a wholly owned
subsidiary of Parent (“Merger Sub”), and the Guaranteed Party (as may be amended, restated, supplemented or otherwise
modified from time to time in accordance with its terms, the “Merger Agreement”), pursuant to which Merger Sub will
be merged with and into the Guaranteed Party, the Guarantor hereby absolutely, unconditionally and irrevocably guarantees to the Guaranteed
Party the due and punctual payment and discharge if, as and when due of 19.1% (the “Guaranteed Percentage”) of the
payment obligations of Parent with respect to (i) the payment of the Parent Termination Fee pursuant to Section 8.06(b) of
the Merger Agreement, and (ii) the reimbursement obligations of Parent pursuant to Section 8.06(d) of the Merger Agreement,
in each case subject to the limitations set forth in Section 8.06(f) of the Merger Agreement (the obligations contemplated by
the immediately preceding clauses (i) and (ii) collectively, without regard to the Guaranteed Percentage, the “Obligations”); provided,
that notwithstanding anything to the contrary contained in this Limited Guarantee, this Limited Guarantee may be enforced for money damages
only and in no event shall the Guarantor’s aggregate liability under this Limited Guarantee exceed US$486,340 plus any amount required
to be paid under Section 1(c) below (the “Maximum Amount”). The Guarantor shall not have any obligations
or liability to any person relating to, arising out of or in connection with this Limited Guarantee other than as expressly set forth
herein or in the Equity Commitment Letter. The parties agree that this Limited Guarantee may not be enforced without giving effect to
the proviso to the immediately preceding sentence, including the Maximum Amount and the terms under Section 9 of this Limited Guarantee,
and that the Guaranteed Party will not seek to enforce this Limited Guarantee for an amount in excess of the Maximum Amount. Unless otherwise
requested by the Guaranteed Party, all payments hereunder shall be made in lawful money of the United States, in immediately available
funds.
(b) Subject
to the terms and conditions of this Limited Guarantee, if Parent fails to pay the Obligations when due, then all of the Guarantor’s
liabilities to the Guaranteed Party hereunder in respect of the Obligations shall become immediately due and payable and the Guaranteed
Party may, at the Guaranteed Party’s option and so long as Parent remains in breach of the Obligations, take any and all actions
available hereunder or under applicable Law to collect the Obligations from the Guarantor. The Guarantor promises and undertakes to make
all payments hereunder free and clear of any deduction, offset, defense, claim or counterclaim of any kind.
(c) The
Guarantor agrees to pay on demand all reasonable and documented out-of-pocket expenses (including reasonable fee and expenses of counsel)
incurred by the Guaranteed Party in connection with the enforcement of its rights hereunder, including without limitation in the event
that (i) the Guarantor asserts in any Action that this Limited Guarantee is illegal, invalid or unenforceable in accordance with
its terms and the Guaranteed Party prevails in such Action, or (ii) the Guarantor fails or refuses to make any payments to the Guaranteed
Party hereunder if and when due and payable and it is determined judicially or by arbitration that the Guarantor is required to make such
payment hereunder, which amounts will be in addition to the Obligations.
2. NATURE
OF GUARANTEE. Subject to the terms hereof, the Guarantor’s liability hereunder is absolute, unconditional, irrevocable
and continuing irrespective of any modification, amendment, or waiver of or any consent to departure from the Merger Agreement that may
be agreed to by Parent or Merger Sub, or any other agreement or instrument evidencing, securing or otherwise executed by Parent, Merger
Sub, or any other Person in connection with any of the Obligations, in each case to the extent that any of the foregoing does not have
the effect of increasing the Maximum Amount. Without limiting the foregoing, the Guaranteed Party shall not be obligated to file
any claim relating to the Obligations in the event that Parent or Merger Sub becomes subject to a bankruptcy, reorganization or similar
proceeding, and the failure of the Guaranteed Party to so file shall not affect the Guarantor’s obligations hereunder. In
the event that any payment from the Guarantor to the Guaranteed Party in respect of the Obligations is rescinded or must otherwise be,
and is, returned to the Guarantor for any reason whatsoever, the Guarantor shall remain liable hereunder as if such payment had not been
made. This Limited Guarantee is an unconditional guarantee of payment and performance and not of collectability. The Guarantor
reserves the right to assert as a defense to such payment by the Guarantor under this Limited Guarantee any rights, remedies and defenses
that Parent or Merger Sub may have with respect to payment of any Obligations under the Merger Agreement, other than defenses arising
from the bankruptcy or insolvency of Parent or Merger Sub and other defenses expressly waived herein. This Limited Guarantee is
a primary and original obligation of the Guarantor and is not merely the creation of a surety relationship, and the Guaranteed Party shall
not be required to proceed against Parent or Merger Sub first before proceeding against the Guarantor.
3. CHANGES
IN OBLIGATIONS; CERTAIN WAIVERS.
(a) The
Guarantor agrees that the Guaranteed Party may, in its sole discretion, at any time and from time to time, extend the time of payment
of any of the Obligations, and may also make any agreement with Parent or Merger Sub, for the extension, renewal, payment, compromise,
discharge or release thereof, in whole or in part, or for any modification of the terms thereof or of any agreement between the Guaranteed
Party and Parent, Merger Sub, or such other person without in any way impairing or affecting the Guarantor’s obligations under this
Limited Guarantee or affecting the validity or enforceability of this Limited Guarantee provided, that the consent of the Guarantor shall
be required to the extent it has the effect of expanding the circumstances under which the obligations will be payable. The Guaranteed
Party shall not release any of the other guarantors (if any, the “Other Guarantors”) under other limited guarantees
in the form substantially the same with this Limited Guarantee (the “Other Guarantees”) from any obligations under
such Other Guarantees or amend or waive any provision of such Other Guarantees except to the extent the Guarantor under this Limited Guarantee
is released or the provisions of the Limited Guarantee are amended or waived, in each case, on terms and conditions no less favorable
than those applicable to the Other Guarantees. The Guarantor agrees that, except as set forth in the last sentence of the Section
3(d) and except for termination in accordance with Section 8 of this Limited Guarantee, the obligations of the Guarantor hereunder shall
not be released or discharged, in whole or in part, or otherwise affected by, without duplication, (i) the failure or delay of the
Guaranteed Party to assert any claim or demand or to enforce any right or remedy against Parent, Merger Sub, or any other person interested
in the transactions contemplated by the Merger Agreement; (ii) any change in the corporate existence, structure or ownership of Parent,
Merger Sub, or any other person interested in the transactions contemplated by the Merger Agreement; (iii) any insolvency, bankruptcy,
reorganization or other similar proceeding affecting Parent, Merger Sub or any other person interested in the transactions contemplated
by the Merger Agreement; (iv) except as expressly provided herein, the existence of any claim, set-off or other right that the Guarantor
may have at any time against Parent, Merger Sub or the Guaranteed Party, whether in connection with the Obligations or otherwise; (v) any
change in the time, place or manner of payment of any of the Obligations, or any recession, waiver, compromise, consolidation or other
amendment or modification of any of the terms or provisions of the Merger Agreement made in accordance with the terms thereof (in each
case, except in the event of any amendment to the circumstances under which the Obligations are payable); (vi) the adequacy of any
other means the Guaranteed Party may have of obtaining repayment of any of the Obligations; (vii) any other act or omission that may in
any manner or to any extent vary the risk of or to the Guarantor or otherwise operate as an addition, substitution, legal or equitable
discharge or release (in the case of a discharge or release, other than a discharge or release of the Guarantor with respect to the Obligations
as a result of payment in full of the Obligations in accordance with their terms, a full discharge or release of Parent with respect to
the Obligations under the Merger Agreement, or as a result of valid defenses to the payment of the Obligations that would be available
to Parent under the Merger Agreement) of any person now or hereafter liable with respect to any portion of the Obligations or otherwise
interested in the transactions contemplated by the Merger Agreement as a matter of law or equity (other than as a result of payment in
full of the Obligations in accordance with their terms, a full discharge or release of Parent with respect to the Obligations under the
Merger Agreement, or as a result of valid defenses to the payment of the Obligations that would be available to Parent under the Merger
Agreement or in respect of a breach by the Guaranteed Party of Section 8 hereof) ; or (viii) the value, validity, legality or
enforceability of the Merger Agreement, the Other Guarantees, or any other agreement or instrument referred to herein or therein.
(b) The Guarantor waives
promptness, diligence, notice of the acceptance of this Limited Guarantee and of the Obligations, presentment, demand for payment,
notice of non-performance, default, dishonor and protest, notice of the incurrence of any Obligations and all other notices (other
than notices expressly required to be provided to Parent and Merger Sub pursuant to the Merger Agreement), all defenses that may be
available by virtue of any valuation, stay, moratorium law or other similar law now or hereafter in effect, any right to require the
marshaling of assets of any person interested in the transactions contemplated by the Merger Agreement, and all suretyship defenses
generally (other than valid defenses to the payment of the Obligations that are available to Parent or Merger Sub under the Merger
Agreement). The Guarantor acknowledges that it will receive substantial direct and indirect benefits from the transactions
contemplated by the Merger Agreement and that the waivers set forth in this Limited Guarantee are knowingly made in contemplation of
such benefits.
(c) The
Guarantor hereby unconditionally and irrevocably waives and agrees not to exercise any rights that it may now have or hereafter acquire
against Parent or Merger Sub that arise from the existence, payment, performance, or enforcement of the Guarantor’s obligations
under or in respect of this Limited Guarantee or any other agreement in connection therewith, including, without limitation, any right
of subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the
Guaranteed Party against Parent or Merger Sub, whether or not such claim, remedy or right arises in equity or under contract, statute
or common law, including, without limitation, the right to take or receive from Parent or Merger Sub, directly or indirectly, in cash
or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until
all of the Obligations and all other amounts payable under this Limited Guarantee shall have been paid in full in immediately available
funds (or by any other person, including Merger Sub, on behalf of the Guarantor). If any amount shall be paid to the Guarantor in violation
of the immediately preceding sentence at any time prior to the payment in full in immediately available funds of the Obligations and all
other amounts payable under this Limited Guarantee, such amount shall be received and held in trust for the benefit of the Guaranteed
Party, shall be segregated from other property and funds of the Guarantor and shall forthwith be paid or delivered to the Guaranteed Party
in the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Obligations and all other
amounts payable under this Limited Guarantee, whether matured or unmatured, or to be held as collateral for any Obligations or other amounts
payable under this Limited Guarantee thereafter arising.
(d) Notwithstanding
anything to the contrary contained in this Limited Guarantee but subject to clause (v) under Section 3(a), the Guaranteed Party hereby
agrees that to the extent Parent or Merger Sub is relieved of all or any portion of its payment obligations under the Merger Agreement,
the Guarantor shall be similarly relieved of its corresponding obligations under this Limited Guarantee.
4. NO
WAIVER; CUMULATIVE RIGHTS. No failure on the part of the Guaranteed Party to exercise, and no delay in exercising, any right,
remedy or power hereunder shall operate as a waiver thereof, nor shall any single or partial exercise by the Guaranteed Party of any right,
remedy or power hereunder preclude any other or future exercise of any right, remedy or power hereunder. Each and every right, remedy
and power hereby granted to the Guaranteed Party or allowed it by Law or other agreement shall be cumulative and not exclusive of any
other, and may be exercised by the Guaranteed Party at any time or from time to time. The Guaranteed Party shall not have any obligation
to proceed at any time or in any manner against, or exhaust any or all of the Guaranteed Party’s rights against Parent or Merger
Sub or any other persons now or hereafter liable for any Obligations or interested in the transactions contemplated by the Merger Agreement
prior to proceeding against the Guarantor, and the failure by the Guaranteed Party to pursue rights or remedies against Parent or Merger
Sub shall not relieve the Guarantor of any liability hereunder, and shall not impair or affect the rights, remedies, whether express,
implied or available as a matter of law, of the Guaranteed Party.
5. REPRESENTATIONS
AND WARRANTIES. The Guarantor hereby represents and warrants to the Guaranteed Party that:
(a)
it is duly organized, validly existing and in good standing under the laws of the jurisdiction where it is formed and has all requisite
power and authority to execute, deliver and perform this Limited Guarantee and the execution, delivery and performance of this Limited
Guarantee have been duly authorized by all necessary action on the Guarantor’s part;
(b) the
execution, delivery and performance of this Limited Guarantee do not contravene any Law or contractual restriction binding on the Guarantor
or its assets;
(c) all
consents, approvals, authorizations and permits of, filings with and notifications to, any Governmental Authority necessary for the due
execution, delivery and performance of this Limited Guarantee by the Guarantor have been obtained or made and all conditions thereof have
been duly complied with, and no other action by, and no notice to or filing with, any Governmental Authority is required from the Guarantor
in connection with the execution, delivery or performance of this Limited Guarantee;
(d) this
Limited Guarantee constitutes a legal, valid and binding obligation of the Guarantor enforceable against the Guarantor in accordance with
its terms, subject to the Enforceability Exceptions; and
(e) (i) the
Guarantor is solvent and will not be rendered insolvent as a result of its execution and delivery of this Limited Guarantee or the performance
of its obligations hereunder, (ii) the Guarantor has the financial capacity to pay and perform its obligations under this Limited
Guarantee, and (iii) all funds necessary for the Guarantor to fulfill its obligations under this Limited Guarantee shall be available
to the Guarantor for so long as this Limited Guarantee shall remain in effect in accordance with the terms of this Limited Guarantee.
6. NO
ASSIGNMENT. No party hereto may assign its rights, interests or obligations hereunder to any other person without the prior
written consent of each other party hereto; provided, that the Guarantor may assign all or a portion of its obligations hereunder,
with prior written notice to the Guaranteed Party accompanied by a guarantee in the form identical to this Limited Guarantee duly executed
and delivered by the assignee, to an Affiliate of the Guarantor; provided further, that no such assignment shall relieve the
Guarantor of any liability or obligations hereunder except to the extent actually performed or satisfied by the assignee.
7. NOTICES. All
notices, requests and other communications to any party hereunder shall be given in the manner specified in the Merger Agreement
(and shall be deemed given as specified therein) as follows:
if to the Guarantor,
to:
Mr. Hantao Huang
36F, China World Tower B
No.1 Jian Guo Men Wai Avenue
Beijing 100004
People’s Republic of China
Email:
if to the Guaranteed Party, as provided
in the Merger Agreement.
8. TERMINATION;
CONTINUING GUARANTEE. Subject to Section 3(d), this Limited Guarantee shall take effect concurrently with other limited
guarantee executed by Other Guarantees, and shall terminate and the Guarantor shall have no further obligations hereunder upon the earliest
to occur of (a) the Effective Time, (b) the payment in full of the Obligations subject always to the Maximum Amount, and (c) the
valid termination of the Merger Agreement in accordance with its terms under the circumstance in which Parent and/or Merger Sub would
not be obligated to make any payment of any Obligations. Notwithstanding the immediately preceding sentence, the obligations of
the Guarantor hereunder shall expire automatically six (6) months following the valid termination of the Merger Agreement in a manner
that gives rise to an obligation of Parent and/or Merger Sub to make any payment of any Obligations at the time of such termination (the
“Fee Claim Period”), unless a claim for payment of the Obligations, subject always to the Maximum Amount, is made in
accordance with this Limited Guarantee prior to the end of the Fee Claim Period, in which case the Guarantor’s obligations hereunder
shall be discharged upon the date on which such claim is finally satisfied or otherwise resolved by agreement of the parties hereto pursuant
to Section 12 (and payment in full of any amounts required to be paid by such resolution). Notwithstanding the foregoing, in
the event that the Guaranteed Party or any of its controlled Affiliates asserts in any litigation or other proceeding that any provisions
of this Limited Guarantee limiting the Guarantor’s liability to the Maximum Amount are illegal, invalid or unenforceable in whole
or in part or that the Guarantor is liable in excess of or to a greater extent than the Maximum Amount, or asserts any theory of liability
against any Non-Recourse Party other than the Retained Claims (as defined below), then (x) all obligations of the Guarantor under
this Limited Guarantee shall terminate ab initio and be null and void, (y) if the Guarantor has previously made
any payments under this Limited Guarantee, it shall be entitled to recover the full amount of such payments and (z) neither the Guarantor
nor any Non-Recourse Party shall have any liability to the Guaranteed Party with respect to the Merger Agreement and the transactions
contemplated thereby, the Equity Financing or under this Limited Guarantee.
9. NO
RECOURSE.
(a)
The Guaranteed Party acknowledges and agrees that none of Parent or Merger Sub has any assets other than their respective rights under
the Merger Agreement and the agreements contemplated thereby, and that no funds are expected to be contributed to Parent or Merger Sub
until the Effective Time. Notwithstanding anything that may be expressed or implied in this Limited Guarantee or any document or
instrument delivered in connection herewith, by its acceptance of the benefits of this Limited Guarantee, the Guaranteed Party covenants,
agrees and acknowledges that no person (other than the Guarantor and any of its permitted assignees) has any obligations under this
Limited Guarantee and that the Guaranteed Party has no right of recovery under this Limited Guarantee, or any claim based on such obligations
against, and no personal liability shall attach to, the former, current or future equity holders, controlling persons, directors, officers,
employees, agents, representatives, general partners, limited partners, managers, members, advisors, attorneys, or Affiliates of any of
the Guarantor, Parent or Merger Sub or their respective Affiliates, or any former, current or future equity holders, controlling persons,
directors, officers, employees, agents, representatives, general partners, limited partners, managers, members, or Affiliates of any of
the foregoing (each of these persons, a “Non-Recourse Party” and collectively, the “Non-Recourse Parties”),
through the Guarantor, Parent or Merger Sub or otherwise, whether by or through attempted piercing of the corporate (or limited partnership
or limited liability company) veil, by or through a claim by or on behalf of the Guarantor, Parent or Merger Sub against any Non-Recourse
Party, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute, regulation or applicable
Law, or otherwise, except for claims against (i) Parent or Merger Sub under and pursuant to the terms of the Merger Agreement, (ii)
the Guarantor under and pursuant to the terms of this Limited Guarantee and subject to the conditions hereof (including the Maximum Amount),
(iii) each Other Guarantor under and pursuant to the terms of its Other Guarantee and subject to the conditions thereof (including the
Maximum Amount as defined in such Other Guarantee), (iv) Parent and each Rollover Shareholder under and pursuant to the terms of
the Support Agreement, and (v) each Sponsor pursuant to, in accordance with, and subject to the limitations set forth in the Equity
Commitment Letter (the claims described in the foregoing clauses (i) through (v), whether or not against the Guarantor, Parent, Merger
Sub, Rollover Shareholders, Other Guarantors, Sponsor and/or their respective successors and assigns, collectively, the “Retained
Claims”), provided, that in the event the Guarantor (x) consolidates with or merges with any other person and
is not the continuing or surviving entity of such consolidation or merger or (y) transfers or conveys all or a substantial portion
of its properties and other assets to any person such that the aggregate sum of the Guarantor’s remaining net assets is less than
an amount equal to its payment obligations hereunder as of the time of such transfer, then, and in each such case, the Guaranteed Party
may seek recourse, whether by the enforcement of any judgment or assessment or by any legal or equitable proceeding or by virtue of any
applicable Law, against such continuing or surviving entity or such person, as the case may be, but only if the Guarantor fails to satisfy
its payment obligations hereunder and only to the extent of the liability of the Guarantor hereunder. For the avoidance of doubt, none
of the Guarantor, Parent, Merger Sub, Rollover Shareholders, Other Guarantors, Sponsor or their respective successors and permitted assigns
under the Merger Agreement, the Support Agreement, the Other Guarantees, the Equity Commitment Letters or this Limited Guarantee shall
be a Non-Recourse Party.
(b)
Notwithstanding anything to the contrary contained in this Limited Guarantee, the Retained Claims shall be the sole and exclusive remedy
of the Guaranteed Party and its Affiliates against the Guarantor and the Non-Recourse Parties in respect of any liabilities or obligations
arising under, or in connection with the Merger Agreement, the Support Agreement, the Equity Financing or the transactions contemplated
thereby. The Guaranteed Party hereby covenants and agrees that it shall not institute, directly or indirectly, and shall cause
its controlled Affiliates not to institute, directly or indirectly, any Action arising under, or in connection with, the Merger Agreement
or this Limited Guarantee or the transactions contemplated hereby or thereby, against the Guarantor or any Non-Recourse Party, except
for the Retained Claims. Nothing set forth in this Limited Guarantee shall affect or be construed to affect any liability of Parent
or Merger Sub to the Guaranteed Party under the Merger Agreement. Nothing set forth in this Limited Guarantee shall give or be construed
to give any person other than the Guaranteed Party any rights or remedies against any person, except as expressly set forth in this Limited
Guarantee.
10. AMENDMENTS
AND WAIVERS. No amendment or waiver of any provision of this Limited Guarantee will be valid and binding unless it is in writing
and signed, in the case of an amendment, by the Guarantor and the Guaranteed Party, or in the case of waiver, by the party against whom
the waiver is to be effective. No waiver by any party of any breach or violation of, or default under, this Limited Guarantee, whether
intentional or not, will be deemed to extend to any prior or subsequent breach, violation or default hereunder or affect in any way any
rights arising by virtue of any prior or subsequent such occurrence.
11. ENTIRE
AGREEMENT. This Limited Guarantee, the Merger Agreement (including any schedules, exhibits and annexes thereto and any other
documents and instruments referred to thereunder, including the Support Agreement, Confidentiality Agreements, Equity Commitment Letters
and the Other Guarantees) constitute the entire agreement among the parties with respect to the subject matter hereof and supersedes all
prior agreements and undertakings, both written and oral, among the parties, or any of them, with respect to the subject matter hereof.
12. GOVERNING
LAW; SUBMISSION TO JURISDICTION. This Limited Guarantee shall be interpreted, construed and governed by and in accordance with
the laws of New York without regard to the conflicts of law principles thereof. Subject to the last sentence of this Section 12,
any Action arising out of or relating to this Limited Guarantee or its subject matter (including a dispute regarding the existence, validity,
formation, effect, interpretation, performance or termination of this Limited Guarantee) shall be submitted to HKIAC and resolved in accordance
with the Arbitration Rules of HKIAC. The place of arbitration shall be Hong Kong. The official language of the arbitration
shall be English and the arbitration tribunal shall consist of three arbitrators (each, an “Arbitrator”). The claimant(s) shall
nominate jointly one Arbitrator; the respondent(s) shall nominate jointly one Arbitrator; and a third Arbitrator will be nominated
jointly by the first two Arbitrators and shall serve as chairman of the arbitration tribunal. In the event the claimant(s) or respondent(s) or
the first two Arbitrators shall fail to nominate or agree the joint nomination of an Arbitrator or the third Arbitrator within the time
limits specified by the Arbitration Rules of HKIAC, such Arbitrator shall be appointed promptly by the HKIAC. The arbitration tribunal
shall have no authority to award punitive or other punitive-type damages. The award of the arbitration tribunal shall be final and binding
upon the disputing parties. Any party to an award may apply to any court of competent jurisdiction for enforcement of such award and,
for purposes of the enforcement of such award, the parties irrevocably and unconditionally submit to the jurisdiction of any court of
competent jurisdiction and waive any defenses to such enforcement based on lack of personal jurisdiction or inconvenient forum.
13. NO
THIRD PARTY BENEFICIARIES. This Limited Guarantee shall be binding upon and insure solely to the benefit of the parties
hereto and their respective successors and permitted assigns, and nothing express or implied in this Limited Guarantee is intended to,
or shall, confer upon any other Person other than the parties hereto any benefits, rights or remedies under or by reason of, or any rights
to enforce or cause the Guaranteed Party to enforce, the obligations set forth herein; provided, that the Non-Recourse Parties
shall be third party beneficiaries of the provisions hereof that are expressly for their benefit.
14. COUNTERPARTS.
This Limited Guarantee may be signed in any number of counterparts and may be executed and delivered by facsimile or email pdf format,
and each counterpart shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.
15. SEVERABILITY.
If any term or other provision of this Limited Guarantee is invalid, illegal or incapable of being enforced by any rule of law, or
public policy, all other conditions and provisions of this Limited Guarantee shall nevertheless remain in full force and effect so long
as the economic or legal substance of the transactions contemplated hereby is not affected in any manner materially adverse to any party; provided,
that this Limited Guarantee may not be enforced against the Guarantor without giving effect to the Maximum Amount or the provisions set
forth in Sections 1, 8 and 9. No party hereto shall assert, and each party shall cause its controlled Affiliates not to assert,
that this Limited Guarantee or any part hereof is invalid, illegal or unenforceable. Upon a determination that any term or provision
is invalid, illegal or incapable of being enforced, the parties hereto shall negotiate in good faith to modify this Limited Guarantee
so as to effect the original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions
contemplated hereby be consummated as originally contemplated to the fullest extent possible.
16. HEADINGS.
Headings are used for reference purposes only and do not affect the meaning or interpretation of this Limited Guarantee.
[Remainder of page intentionally left blank]
IN WITNESS WHEREOF, the Guarantor
has caused this Limited Guarantee to be executed and delivered as of the date first written above.
|
CICC Healthcare Investment Fund, L.P. |
|
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|
By: CICC Healthcare Investment
Management Limited, its general partner |
|
|
|
|
By: |
/s/ Xia Wu |
|
|
Name: |
Xia Wu |
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Title: |
Director |
|
|
|
|
|
/s/ Jin Wang |
|
|
Name: |
Jin Wang |
|
|
Title: |
Director |
[Signature Page to Limited Guarantee]
IN WITNESS WHEREOF, the Guaranteed
Party has caused this Limited Guarantee to be executed and delivered as of the date first written above by its officer thereunto duly
authorized.
|
Genetron Holdings Limited |
|
泛生子基因(控股)有限公司 |
|
|
|
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By: |
/s/ Wing Kee Lau |
|
|
Name: |
Wing Kee Lau |
|
|
Title: |
Director |
[Signature Page to Limited Guarantee]
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