02255 海昌海洋公园 展示文件：(013) 买卖协议(英文版)
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THISAGREMENTismadeon2June2025
BETWEN:
1.SUNRIVERHOLDINGROUPCO.,LTD.(祥源控股集团有限责任公司),acompany
establishedunderthelawsofthePeople’sRepublicofChinawithitsregisteredoficeatRom
1601-1,XiangyuanBuilding,No.299HoushuRoad,LingzhiStret,YuechengDistrict,
Shaoxing,Zhejiang,China(浙江省绍兴市越城区灵芝街道后墅路299号祥源大厦1601-1
室)(“
Sunriver”)
2.SUNRIVERSTARYSEATOURISM(CAYMAN)CO.,LTD.,acompanyincorporated
underthelawsofCaymanIslandswithitsregisteredoficeatAequitasInternational
ManagementLtd.,GrandPavilionComercialCentre,802WestBayRoad,P.O.Box10281,
GrandCaymanKY1-1003,CaymanIslands(the“Subscriber”);
3.HAICHANGOCEANPARKHOLDINGSLTD.(海昌海洋公园控股有限公司),a
companyincorporatedunderthelawsofCaymanIslandswithitsregisteredoficeatPOBox
309,UglandHouse,GrandCayman,KY1-1104,CaymanIslandsandwhoseprincipalplaceof
businesinHongKongisatRom804,8/F.,K11Atelier,VictoriaDockside,18Salisbury
Road,TsimShaTsui,Kowlon,HongKong(the“Company”);
(Sunriver,theSubscriberandtheCompanytogetherarehereinaftereferedtoasthe“parties”,andeach
ofthema“party”,andtheSubscriberandtheCompanytogetherarehereinaftereferedtoas“both
parties”)
WHEREAS:
A.theCompanywasincorporatedintheCaymanIslandswithlimitedliabilityandathedateof
thisAgrementhasanauthorisedsharecapitalof(i)US$500,000dividedinto10,000,000,000
SharesofUS$0.00005each,ofwhich8,114,002,000Shareshavebenisuedandarelistedon
theStockExchange;
B.SunriveristheindirectcontrolingshareholderoftheSubscriber;and
C.SunriverandtheSubscriberhasagredtheSubscribertosubscribefor,andtheCompanyhas
agredtoalotandisuetotheSubscriber,theSubscriptionSharesonandsubjectotheterms
andconditionsetoutinthisAgrement(alasdefinedbelow).
NOWITISHEREBYAGREDASFOLOWS:
1.INTERPRETATION
1.1InthisAgrementandtheRecitals,unlesthecontextrequiresotherwise,thefolowing
expresionshalhavethefolowingmeanings:
“BusinesDay”anyday(excludingaSaturday)onwhichbanksgeneraly
areopenforbusinesinHongKongandonwhichtheStock
Exchangeisopenforthebusinesofdealinginsecurities;
“CAS”meanstheCentralClearingandSetlementSystemoperated
byHongKongSecuritiesClearingCompanyLimited;
“Completion”completionofthesubscriptionofSubscriptionShares
pursuantoClause4;
“ConditionsPrecedent”theconditionsprecedentlistedinClause2.1;
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“Director(s)”director(s)oftheCompanyfromtimetotime;
“Encumbrance”anycharge,mortgage,pledge,security,lien,option,equity,
powerofsaleorhypothecationorotherthirdpartyrights,
retentionoftitle,rightofpre-emption,rightofirstrefusal
orsecurityinterestofanykind;
“Executive”themeaningascribedtoitintheTakeoversCode;
“Group”theCompanyanditsSubsidiariesand“memberofthe
Group”shalbeconstruedacordingly;
“HongKong”theHongKongSpecialAdministrativeRegionofthe
People’sRepublicofChina;
“HK$”HongKongdolars,thelawfulcurencyofHongKong;
“ListingComite”thelistingcomiteoftheStockExchange;
“ListingRules”theRulesGoverningtheListingofSecuritiesontheStock
Exchange;
“Long-stopDate”31December2025(orsuchlaterdateasbothpartiesmay
agreinwriting);
“MaterialAdverseEfect”meansamaterialadversefectonthecondition,financial,
tradingorotherwise,orthearnings,businesafairsor
prospects(whetherornotarisingintheordinarycourseof
busines)oftheGroupasawhole,butexcludinganyofthe
foregoingarisingoutof,resultingfrom,oratributableto:
(a)changesinstockmarkets,interestrates,exchangerates,
comoditypricesorothergeneraleconomic
conditions;
(b)changesinconditionsgeneralyafectingtheindustries
inwhichtheGroupoperates;
(c)changesinaplicablelaws,regulationsoracounting
standardsorpractices;
(d)anymaterDisclosed;or
(e)theanouncementofthetransactionunderthis
Agrementorthechangeinshareholdingofthe
Companyresultingfromthetransactionunderthis
Agrement;
“Disclosed”means:
(a)disclosedoreferedtoinanydisclosureleter,the
Company’sanouncementsontheStockExchange
and/oratransactiondocument;and
(b)almatersandinformationdisclosedinwritingbythe
Company’srepresentatives,employes,oficers,
directors,agentsandprofesionaladvisorstothe
Subscriber,Sunriverortheirepresentatives,oficers,
directors,agentsorprofesionaladvisors,
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“Participant”meansapersonadmitedforthetimebeingbyHongKong
SecuritiesClearingCompanyLimitedasaparticipantof
CAS;
“SecuritiesandFutures
Ordinance”
theSecuritiesandFuturesOrdinance(Cap.571oftheLaws
ofHongKong);
“Shareholder(s)”theholder(s)oftheShare(s);
“Shares”ordinarysharesofUS$0.00005eachinthesharecapitalof
theCompany;
“StockExchange”TheStockExchangeofHongKongLimited;
“Subscription”thesubscriptionoftheSubscriptionShares;
“SubscriptionCompletionDate”thethirdBusinesDayafterthedateuponwhichthe
ConditionsPrecedentsetoutinClause2.1shalhaveben
satisfiedorsuchothertimeand/ordateasbothpartiesmay
agreinwriting;
“SubscriptionPrice”HK$0.45perSubscriptionShare;
“SubscriptionShares”anagregateof5,100,000,000newSharestobeisuedtothe
SubscriberpursuantothisAgrement;
“Subsidiaries”meansthesubsidiariesoftheCompanyforthetimebeing
anda“Subsidiary”shalbeconstruedacordingly;
“TakeoversCode”theHongKongCodeonTakeoversandMergers;
“Waranties”therepresentationsandwarantiesetoutinClause8.1and
Clause8.2and“Waranty”shalbeconstruedacordingly;
and
“WhitewashWaiver”thegrantbytheExecutivetotheSubscriberofawaiverof
therequirementunderRule26.1oftheTakeoversCodeto
makeageneraloferforaltheSharesnotalreadyownedor
agredtobeacquiredbytheSubscriberorpartiesactingin
concertwithituponcompletionoftheSubscription.
1.2Theword“subsidiary”hasthemeaningascribedtoitinChapter1oftheListingRules.
1.3AreferenceinthisAgrementoastatuteorstatutoryprovisionincludesareference:
(A)tothatstatuteorprovisionasfromtimetotimemodifiedore-enacted;
(B)toanyrepealedstatuteorstatutoryprovisionwhichitre-enacts(withorwithout
modification);and
(C)toanyorders,regulations,instrumentsorothersubordinatelegislationmadeunderthe
relevantstatuteorstatutoryprovision.
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1.4UnlesthecontextotherwiserequiresinthisAgrement:
(A)wordsinthesingularincludetheplural,andviceversa;
(B)wordsimportingenderincludebothgendersandtheneuter,andviceversa;and
(C)areferencetoapersonincludesareferencetoabodycorporateandtoan
unincorporatedbodyofpersons.
1.5AreferenceinthisAgrementoa“Recital”,“Clause”or“Schedule”istoarecital,clauseor
scheduleofthisAgrement.
1.6TheheadingsareforconvenienceonlyandonotafectinterpretationofthisAgrement.
1.7AreferenceinthisAgrementoadocumentbeinginthe“agredform”meansadocument
aprovedbyorforandonbehalfoftheSubscriberandtheCompanyinwriting.
1.8ThejusdemgenerisruleofconstructionshalnotaplytothisAgrementandacordingly
generalwordshalnotbegivenarestrictivemeaningbyreasonoftheirbeingprecededor
folowedbywordsindicatingaparticularclasorexamplesofacts,matersorthings.The
generalityofthewords“other”and“otherwise”isnotobeconstruedasbeinginanyway
limitedtothesamekindasanyforegoingwords.Thewords“including”and“inparticular”are
tobeconstruedasbeingbywayofilustrationoremphasisonlyandarenotobeconstruedas,
orshaltheytakefectas,limitingthegeneralityofanyforegoingwords.
2.CONDITIONSPRECEDENT
2.1CompletionofthesubscriptionofSubscriptionSharesisconditionalupon:-
(a)theListingComitegrantinglistingof,andpermisiontodealin,theSubscription
Shares(eitherunconditionalyorsubjectoconditionswhichareaceptabletoboth
parties);
(b)thegrantingoftheWhitewashWaiverbytheExecutiveandtheWhitewashWaivernot
beingrevokedorwithdrawn;
(c)theSubscriberandtheCompanyhaving,inacordancewithaplicablelawsand
regulationsandinternalrulesandregulations,fulfiledtheinternaldecision-making
proceduresandobtainedinternalaprovals(includingbutnotlimitedto,pasingof
resolutionsbytheirespectiveboardofDirectorsandshareholders)aprovingthe
ShareSubscription,theWhitewashWaiverandtheincreaseinauthorisedsharecapital
oftheCompany;
(d)theSubscriberandtheCompanyhavingobtainedalrelevantregulatoryaprovalsfor
theSubscriptionShares;
(e)theSubscriberhavingcompletedtherelevantaprovalproceduresrequiredforthe
subscriptionfundsforthesubscriptionoftheSubscriptionSharesandthearangements
forthedeliveryoftheSubscriptionSharesinHongKong,includingbutnotlimitedto
theaprovalofthepayingdirectorindirectshareholderoftheSubscriberfromthe
relevantstate-ownedasetsupervisionandadministrationdepartment,ifany,andthe
aprovals/filingsfromthecomerce,developmentandreformandforeigninvestment
departmentsinrelationtotheODI(OverseasDirectInvestment)havingbenfulfiled;
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(f)theCompanyhavingobtainedtheconsentorfulfiledthenotificationobligations(if
aplicable)fromimportantfinancialinstitutionsuchasbanksandrelevant
governmentdepartmentsinrelationtotheisueoftheSubscriptionSharesandhaving
obtainedwaiversinwriting(ifaplicable)fromtherelevantpartiestoensurethe
normaloperationoftheCompany’sexistingbusines;and
(g)theSubscriberhavingcompletedthefilingoftheconcentrationsofundertakingsofthe
People’sRepublicofChina’sunderthisAgrement(ifrequired),andtheCompany
havingconfirmedthatitwilprovideasistance.
2.2TheConditionsPrecedents(a)to(e)and(g)canotbewaivedand(f)canbewaivedby
SunriverandtheSubscriber.TheCompany,SunriverandtheSubscribershaluseal
reasonablendeavourstoprocurethatheConditionsPrecedentarefulfiledonorbeforethe
Long-stopDate,andthepartieshalpromptlyprovidetoeachotheralsuchinformationin
relationtoitanditsultimatebeneficialownersthatmayreasonablyrequireforthepurposeof
complyingwithdisclosureandotherequirementsunderaplicablelaws,theListingRulesand
theTakeoversCodeinconectionwiththefulfilmentoftheConditionsPrecedent.
2.3IftheConditionsPrecedentisnotfulfiledonorbeforetheLong-stopDateorsuchlaterdateas
maybeagredinwritingbetwenbothparties,andisnotwaivedbytheSubscriberinwriting,
thisAgrementshalbeautomaticalyterminatedandbothpartiesheretoshalautomaticalybe
releasedfromalobligationshereunder,saveandexceptanyliabilityforantecedentbreaches
byeitherparty.
3.SUBSCRIPTIONOFSHARES
3.1SubjectothefulfilmentoftheConditionsPrecedent,theSubscribershalsubscribefor,andthe
CompanyshalatheCompletionalotandisuetotheSubscriberatheSubscriptionPrice
payableontheCompletionincash,theSubscriptionShares,frefromalEncumbrancesand
rankingparipasuinalrespectswithalotherSharestheninisue.
3.2TheSubscriberisthentitydesignatedbySunrivertosubscribefortheSubscriptionSharesand
asumestherelevantobligationsunderthisAgrement.
4.COMPLETION
4.1SubjectotheConditionsPrecedenthavingbensatisfiedatorbeforetheCompletion,
CompletionwithrespectotheSubscribershaltakeplaceat10:00a.m.ontheSubscription
CompletionDate(orsuchothertimeandateasthepartiesmayagreinwriting)whenal,but
notpartonly,ofthefolowingtransactionshalbefected:
(A)theSubscribershalhaveprocuredthatpaymentoftheSubscriptionPriceforthe
SubscriptionShares(i.e.HK$2,295,000,000)hasbenefectedbytelegraphictransfer
orCHATSinimediatelyavailablefundsexclusiveofalbanktransferchargeslevied
bytheSubscriber’sremitingbankontheSubscriptionCompletionDate,toanacount
nominatedbytheCompanyinwriting;
(B)againstherelevantSubscriber’scompliancewithClause4.1(A),theCompanyshal:
(i)alotandisuetotheSubscriberortherelevantParticipantwithwhomthe
Subscriberhasanacount(asmaybenominatedbytheSubscriberinwriting
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atleast3BusinesDaysbeforethedateofCompletion)theSubscription
Sharescreditedasfulypaid;
(i)promptlyregistertheSubscriberoritsnomineasmemberinrespectofits
SubscriptionShares;and
(i)instructheshareregistraroftheCompanytoisuetotheSubscriberorits
nominethedefinitivecertificate(s)inrespectoftheSubscriptionSharesinthe
nameoftheSubscriberor,ifrequiredbytheSubscriberinwriting,therelevant
ParticipantwithwhomtheSubscriberhasanacount.
5.TRANSITIONALPERIOD
5.1TofacilitatesmothtransitionaftertheSubscriptionandprotecthelegitimateinterests
oftheSubscriberintheprocesoftheSubscription,thepartiesagrethatduringthe
periodfromthedateofthisAgrementuptotheSubscriptionCompletionDate,the
CompanyshalundertakethatheCompanyanditsubsidiarieswilcontinuetoperate
inastablemanerandtheboardofDirectors,themanagementandthecorepersonel
oftheCompanywilremainstable.
6.POST-COMPLETIONMANAGEMENT
6.1TheCompanyconfirmsthatheSubscribershalbentitledtotherelevantrightsand
obligationsasthecontrolingshareholderoftheCompanyafterCompletion,andthat
upontheSubscriptionCompletionDate,theCompanyshalcoperateincompleting
thechangeinthecompositionoftheboardofDirectorsandthereplacementofthe
seniormanagementoftheCompanyundertheshareholdingstructureoftheSubscriber
beingthecontrolingshareholder.
7.TERMINATION
7.1IfbeforetheCompletion:
(A)thereisanymateroreventshowinganyoftheWarantiestobeuntrueormisleadingor
anyoftheWarantieshavingbenbreachedbyapartytothisagrementinanymaterial
respect(andinrespectofanyWarantiesbytheCompany,havingaMaterialAdverse
Efect);or
(B)ifaliquidatororeceiverorotherpersoncaryingoutanysimilarfunctionis
apointedinrespectofalorsubstantivelyalasetsorundertakingsofthatpartyor
anyofitsubsidiaries(inrespectoftheCompany,excludinganyindividualsubsidiary
whichconstitutesaninsignificantsubsidiaryunderRule14A.09oftheListingRules;
fortheavoidanceofdoubt,wherethereismorethanoneinsignificantsubsidiary,the
agregationoftheinsignificantsubsidiarieshalnotexcedthethresholdof
insignificantsubsidiaryunderRule14A.09oftheListingRules)orifawindingup
petitionispresentedorwindinguporderismadeoraresolutionispasedforthe
windingupofthatpartyoranyofitsubsidiaries(inrespectoftheCompany,
excludinganyindividualsubsidiarywhichconstitutesaninsignificantsubsidiary
underRule14A.09oftheListingRules;fortheavoidanceofdoubt,wherethereis
morethanoneinsignificantsubsidiary,theagregationoftheinsignificant
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subsidiarieshalnotexcedthethresholdofinsignificantsubsidiaryunderRule
14A.09oftheListingRules)thathasnototherwisebendismised,withdrawnor
revokedwithin60days;or
(C)anychange,oranydevelopmentinvolvingoreasonablylikelytoinvolvea
prospectivechange,whichashadaMaterialAdverseEfect,
thentheotherpartytothisAgrementmaywithoutanyliabilityelectoterminatethis
AgrementandnotocompletetheisueorsubscriptionoftheSubscriptionShareshereunder
bygivingnoticeofthesameinwritingtotheotherpartiestothisAgrement.
7.2IfeitherpartyvalidlyelectsnotocompletethesubscriptionoftheSubscriptionSharesasa
resultofanyofthecircumstancesmentionedinClause7.1,thisAgrementshalterminate
(otherthantheprovisionsofClauses9to11whichshalsurvive);andsubjecthereto,noneof
bothpartieshalhaveanyliabilitytotheothersaveforanyantecedentbreachoftheterms
hereof.
8.REPRESENTATIONS,WARANTIESANDUNDERTAKINGS
8.1TheCompanyherebyrepresentsandwarantsandundertakestotheSubscriberthatasathe
datehereof:
(A)theCompanyandthemembersoftheGroupisdulyincorporatedandvalidlyexisting
underthelawsoftheplaceofitsincorporation,isnotinliquidationoreceivershipand
withpowerandauthoritytoconductitsbusinesinthemanerpresentlyconducted,
andtherehasbenopetitionfiled,ordermadeorefectiveresolutionpasedforthe
liquidationorwinding-upoftheCompanythathasnotbenotherwisedismised,
withdrawnorevoked,orfortheapointmentofaprovisionaliquidator,nor(tothe
knowledgeoftheCompany)arethereanyreasonablegroundsonwhichanyperson
wouldbentitledtohavetheCompanyand/orthemembersoftheGroupwound-upor
placedinjudicialmanagementoradministrationortohaveaprovisionaliquidator
apointedfortheCompanyand/orthemembersoftheGroup,nor(totheknowledgeof
theCompany),hasanypersonthreatenedtopresentsuchapetitionorconvenedor
threatenedtoconveneametingoftheCompanyand/orthemembersoftheGroupto
consideraresolutiontowinditup,nortotheknowledgeoftheCompany,hasanystep
bentakeninrelationtotheCompanyunderthelawrelatingtoinsolvencyortherelief
ofdebtors;
(B)theCompanyhasthefulpowerandauthoritytoenterintoandperformitsobligations
underthisAgrementand,subjectosatisfactionoftheConditionsPrecedentinClause
2.1,toalotandisuetheSubscriptionShares;
(C)savefortheConditionsPrecedentinClause2.1,alnecesaryauthorisations,aprovals,
andconsentsrequiredfortheisueoftheSubscriptionShareshaveben
unconditionalyobtained;
(D)thisAgrementisdulyexecutedandeliveredbytheCompany,constitutesalegal,
validandbindingagrementoftheCompany,enforceableinacordancewithitsterms;
(E)thexecution,deliveryandperformanceofthisAgrementbytheCompanyhavenot
violatedandwilnotviolateinanyrespectanyprovisionof:
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(i)anylaworegulationoranyorderordecreofanygovernmentalauthority,
agencyorcourtofHongKongoranyotherjurisdictionoresultinabreachof
anyorder,judgmentordecreofanycourtorgovernmentalagencytowhich
theCompanyisapartyorbywhichtheCompanyisbound;
(i)thememorandumandarticlesofasociationorotherconstitutionaldocuments
oftheCompany;or
(i)anyagrementorotherundertakingtowhichtheCompanyisapartyorwhich
isbindinguponitoranyofitsasetsthatmayhaveaMaterialAdverseEfect
tothebusines,financialconditionoroperationsoftheGroup;
(F)saveaspreviouslydisclosedtothepublicinwriting,andsofarastheCompanyis
aware,thereisnolitigation,arbitrationorotherlegalprocedingsinprogresor
pendingor(totheknowledgeoftheCompany)threatenedagainstanymemberofthe
GroupwhichifdecidedadverselytotherelevantmemberoftheGroupwouldhaveor
havehadaMaterialAdverseEfect;
(G)totheknowledgeoftheCompanyandsaveasDisclosed,theCompanyisnotin
posesionofanynon-publicinformationrelatingtotheCompanyoritsbusineses,
operationsandfinancialposition,thereleaseofwhichcouldmaterialyafectmarket
activitiesin,orthetradingpriceof,theSharesandthereisnotinexistenceanymaterial
informationormaterwhichwilberequiredtobedisclosedbytheCompanyunderthe
ListingRules,theInsideInformationProvisionsandanyaplicablelaws,rulesand
regulationsofHongKongandtheCaymanIslands;
(H)totheknowledgeoftheCompanyandsaveasDisclosed,(i)theCompanyhasmade
publicalinformationrequiredtobemadepublicunderaplicablelawsandregulations
(includingtheListingRulesandtheSecuritiesandFuturesOrdinance)and(i)having
regardtothecircumstancesunderwhichtheinformationwasmadepublicinHong
Kong(including,withoutlimitation,theanualreportfiledwiththeStockExchange),
asamendedorsuplemented(asaplicable),suchinformationpubliclyavailablein
HongKongdoesnotcontainanyuntruestatementofmaterialfactoromisionofany
materialfactrequiredtobestatedwhichwouldmakethestatementsthereinmisleading
inanymaterialrespect;
(I)alinformation(whetherwriten,electronicorinanyotherform)supliedbyoron
behalfoftheCompanyand/oranyofitsrespectiveoficers,directors,employesor
advisers,forthepurposeoforinconectionwiththeSubscription(includingbutnot
limitedtoalsubmisiontotheSecuritiesandFuturesComisionandtheStock
Exchange),andalpubliclyavailableinformationandrecordsoftheCompany
(includinginformationcontainedinanualreports,statutoryfilingsandregistrations)
areandwere,whensupliedorpublished,acurateandcorectinalmaterialrespects
andnotmisleadingandthereisnothermaterialfactormateromitedtherefromthe
omisionofwhichwouldmakeanystatementhereinmisleading;
(J)totheknowledgeoftheCompanyandsaveasDisclosed,andotherthaninformation
publishedbytheCompanyontheStockExchange’swebsite,therehasbenochange,
oranydevelopmentinvolvingoreasonablylikelytoinvolveaprospectivechange,
whichmayhaveorhashadaMaterialAdverseEfect,since31December2024;
(K)totheknowledgeoftheCompanyandsaveasDisclosed,nopersonhasanoutstanding
option,warant,pre-emptiverightoranyotherightofanydescriptiontorequire
SharestobealotedorisuedbytheCompany;
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(L)thereisnorder,decreorjudgementofanycourtorgovernmentalagencyor
regulatorybodyoutstandingagainstheCompanyoranymemberoftheGroupwhich
mayhaveorhashadaMaterialAdverseEfect;
(M)theSubscriptionShares,whenalotedandisuedupontheCompletion,shalbe
validlyisuedandfulypaidupandfrefromanyEncumbranceandtogetherwithal
rightsatachingthereto(includingrightstovoteingeneralmetingsoftheCompany),
theCompanyshalnothavexercisedanylienoveranyoftheSubscriptionSharesand
theSubscriptionShareshalrankparipasuinalrespectswiththeisuedShareson
Completion.
8.2TheSubscriberhereby,representsandwarantstotheCompanyonthefolowingterms:
(A)itisdulyincorporatedandvalidlyexistingunderthelawsoftheplaceofits
incorporation,isnotinliquidationoreceivershipandwithpowerandauthorityto
conductitsbusinesinthemanerpresentlyconducted;
(B)ithasthefulpowerandauthoritytoenterintoandperformitsobligationsunderthis
Agrementandalcorporateandotheractionsrequiredtoauthoriseitsexecutionof
thisAgrementanditsperformanceofitsobligationshereunderhavebendulytaken.
ThisAgrementisdulyexecutedandeliveredbytheSubscriber,constitutesalegal,
validandbindingagrementontheSubscriberandisenforceableinacordancewith
itsterms;
(C)itsobligationsunderthisAgrementconstitutedirect,unconditional,unsecured,
unsubordinatedandgeneralobligationsoftheSubscriberandshalrankatleastpari
pasuwith,alotherpresentandfutureoutstandingunsecuredobligations,isued,
createdorasumedbytheSubscriber;
(D)thexecution,deliveryandperformanceofthisAgrementbyithavenotviolatedand
wilnotviolateanyprovisionof:
(i)anylaworegulationoranyorderordecreofanygovernmentalauthority,
agencyorcourtofHongKongoranyotherjurisdictionoresultinabreachof
anyorder,judgementordecreofanycourtorgovernmentalagencytowhich
theSubscriberisapartyorbywhichthatSubscriberisbound;or
(i)thelawsandocumentsincorporatingandconstitutingthatSubscriber;
ineithercasetothextenthatsuchbreachorviolationismaterialinthecontextofits
subscriptionoftheSubscriptionShares.
8.3EachoftheWarantieshalbeconstruedasaseparateandindependentwarantyand(except
wherexpreslyprovidedtothecontrary)shalnotbelimitedorestrictedbyreferencetor
inferencefromthetermsofanyotherWarantyoranyothertermofthisAgrement.
8.4TheWarantieshalbedemedtobegivenasathedateofthisAgrementandshalremain
trueandacurateinalrespectsuptoandincludingtheSubscriptionCompletionDate.Each
partytothisAgrementherebyundertakestopromptlynotifytheotherpartyofanymateror
eventcomingtoitsatentionpriortotheCompletionwhichshowsormaycauseanyrelevant
representationsorwarantytobeortohavebenuntrueorinacurateathedatehereoforat
anytimepriortotheCompletion.
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8.5TheSubscriberconfirmsthatitdecidestoenterintothisAgrementandthetransactions
contemplatedhereinunderbasedonitsindependentinformedasesmentoftheasets,
liabilities,financialposition,profitsandlosesandprospectsoftheCompanyandits
subsidiaries.
9.NOTICES
9.1Anynotice,request,demandorothercomunicationunderthisAgrementshalbeinwriting
andadresedtotherelevantpartyandoncegivenormadeshalbeirevocable.Without
prejudicetoanyotherefectivemodeofservice,thesameshalbedemedtohaveben
suficientlyservedifsentotherespectiveadresesand/orfacsimilenumbersofthepartiesas
shownbelow(orsuchotheradresorfacsimilenumberasanypartymayfromtimetotime
notifytheothersinwriting):
(A)inthecaseoftheSubscriber
Adres:AdministrationBuilding,Building3,No.1116Hongsong
EastRoad,MinhangDistrict,Shanghai,China(上海市闵行
区红松东路1116号3号楼行政楼)
Emailadres:liuhuan3@sunriver.cn
Atention:LiuHuan
(B)inthecaseoftheCompany
Adres:32F,BuildingA,PhaseI,ForeshoreWorldTradeCenter,No.
4,Lane255,DongyuRoad,PudongNewArea,Shanghai,
China(上海市浦东新区东育路255弄4号前滩世贸中心一
期A栋32F)
Emailadres:zhangxiaohe@haichangoceanpark.com
Atention:ZhangXiaohe
ortosuchotheradresorfacsimilenumber(oremailifthereisnofacsimilenumber)asthe
partyconcernedmayhavebenotifiedtotheotherPartypursuantothisClauseandmaybe
givenbysendingitbyhandtosuchadresorbyemailtransmisiontosuchemailadres,or
tosuchotheradresoremailadresasthePartyconcernedmayhavenotifiedtotheother
partyinacordancewiththisClause.Servicebypostshalbedemedtohavebenreceived
two(2)BusinesDaysafterposting.Inprovingsuchservicebypostitshalbesuficiento
provethatanyleterwasproperlyadresedandstamped.Anyemailtransmisionshalbe
demedtohavebenreceivedathetimeofdespatchprovidedthedespatchwaswithinHong
KongbusineshoursonaBusinesDayfailingwhichitshalbedemedtohavebenreceived
athecomencementofbusinesonthenextBusinesDay.
10.MISCELANEOUS
10.1TimeisofthesenceofthisAgrement.
10.2Nofailureordelayoromisiontoexerciseanypower,rightoremedyprovidedbylawor
underthisAgrementshaloperateasawaiverthereofnorshalanysingleorpartialexerciseor
waiverofanysuchpower,rightoremedyprecludeitsfurtherexerciseorthexerciseofany
otherpower,rightoremedy.Thepowers,rightsandremediesprovidedinthisAgrementare
cumulativeandnotexclusiveofanypowers,rightsoremediesprovidedbylaw.
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10.3Anyliabilityofanypartyhereundermayinwholeorinpartbereleased,compoundedor
compromised,ortimeorindulgencegivenbyapartytoanotherparty,initsabsolutediscretion
withoutinanywayprejudicingorafectinganyotherorfurtherightsofthepartyagainsthat
party.
10.4ThisAgrementshalbebindinguponandenuretothebenefitofeachpartyheretoandits
sucesorsandpermitedasigns.Nopartyheretocanasignortransferanyofitsrightsor
obligationsunderthisAgrementwithouthepriorwritenconsentoftheotherparty.
10.5Eachpartyshalfromtimetotime,onrequestoftheotherparty,dorprocuretodoalsuch
actsand/orexecuteorprocurethexecutionofalsuchdocumentsinaformnecesaryfor
givingfulefectothisAgrementandsecuringtothepartythefulbenefitoftherights,power
andremediesconfereduponsuchpartyinthisAgrement.
10.6IfatanytimeanyprovisionofthisAgrementisorbecomesilegal,invalidorunenforceablein
anyrespectunderthelawofanyjurisdiction,thatshalnotafectorimpair(i)thelegality,
validityorenforceabilityinthatjurisdictionofanyotherprovisionofthisAgrement;or(i)the
legality,validityorenforceabilityunderthelawofanyotherjurisdictionofthatveryprovision
ofthisAgrement.
10.7AnyprovisionofthisAgrementwhichiscapableofbeingperformedaftertheCompletionbut
whichasnotbenperformedatorbeforetheCompletionandalWarantiesandother
undertakingscontainedinorenteredintopursuantothisAgrementshalremaininfulforce
andefectnotwithstandingtheCompletion.
10.8ThisAgrementmaybexecutedintoinanynumberofcounterparts,andbythepartieson
separatecounterparts,butshalnotbefectiveuntileachpartyhasexecutedatleastone
counterpartandsuchcounterparthasbendeliveredtoalotherparties.Eachcounterpartshal
constituteanoriginalofthisAgrement,butalthecounterpartshaltogetherconstitutebut
oneandthesameinstruments.
10.9Saveandexceptfordisclosure:
(A)requiredunderanyaplicablelaworegulationorotherwisemadeincompliancewith
theListingRulesorbyanysecuritiesexchangeoregulatoryorgovernmentalbody
havingjurisdictionoverit;or
(B)toimplementorenforceitsrightsunderthisAgrement;or
(C)underpresreleasesintheagredform;or
(D)ofinformationwhichisinthepublicdomainotherthanduetoabreachofobligation
underthisClause10.9;
theSubscribershalnotwithouthewritenconsentoftheCompany,andtheCompanyshalnot
withouthewritenconsentoftheSubscriber(asthecasemaybe),disclosethematerialterms
ofthisAgrementormakeanypublicanouncementinconectiontherewithbetwenthedate
hereofandtheSubscriptionCompletionDate,providedthatsuchconsentshalnotbe
unreasonablywitheldordelayed.
NotwithstandingtheforegoinginthisClause10.9,bothpartiesmay:
-12-
(i)disclosesuchinformationitmayhavereceivedfromtheotherparty(ies)toitsdirectors,
oficers,senioremployes,auditors,oranyofitsasociates,subsidiaries,afiliatesand
theirespectiveprofesionaladvisers;or
(i)(afterpriornoticeisgiventothenon-disclosingpartyofthenatureofinformation
proposedtobedisclosed)eachpartymaydisclosesuchinformationreferedtoin(i)
abovetoitsbankers.
10.10ThisAgrementhasbendrawnupinboththeChineseandEnglishlanguagesandboth
versionshalhavequalforceandefect.
10.11Eachpartyshalbeartheirespectivefes,costsandexpensesinconectionwiththe
negotiation,preparation,executionandperformanceofthisAgrementandalrelated
transactiondocuments.
10.12ThetermsofthisAgrementareintendedsolelyforthebenefitofbothparties.Exceptas
otherwisexpreslystatedinthisAgrement,noneotherthanbothpartiesmayenforceanyof
itstermsundertheContracts(RightsofThirdParties)Ordinance(Chapter623oftheLawsof
HongKong).WhereanytermsofthisAgremententitleanythirdpartytoenforceanytermof
thisAgrementundertheContracts(RightsofThirdParties)Ordinance,thetermsofthis
AgrementmaybevariedinacordancewiththisAgrement,withoutheconsentofthathird
party.
11.GOVERNINGLAWANDARBITRATION
11.1ThisAgrementisgovernedbyandshalbeconstruedinacordancewiththelawsofHong
Kong.Anydispute,controversy,diferenceorclaimarisingfromorelatingtothisAgrement,
includingthexistence,validity,interpretation,performance,breachorterminationofthis
Agrement,oranynon-contractualdisputearisingfromorelatingtothisAgrementshalbe
submitedtotheShanghaiInternationalArbitrationCenterforarbitrationandshalbefinaly
resolvedinacordancewiththearbitrationrulesoftheShanghaiInternationalArbitration
Centerinforceathetimeofthesubmisionofthenoticeofarbitration.Theplaceofarbitration
shalbeShanghai.
Dated2June2025
1.SUNRIVERHOLDINGROUPCO.,LTD.
(祥源控股集团有限责任公司)
2.SUNRIVERSTARYSEATOURISM(CAYMAN)CO.,LTD.
3.HAICHANGOCEANPARKHOLDINGSLTD.
(
海昌海洋公园控股有限公司
)
_
SUBSCRIPTIONAGREMENT
relatingto
sharesinthecapitalof
HAICHANGOCEANPARKHOLDINGSLTD.
_
REDSMITHRICHARDSBUTLERLP
17thFlorOneIslandEast
TaikoPlace,18WestlandsRoad
QuaryBay
HongKong
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