The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days' notice to the Holders (which notice shall be irrevocable), the Registrar and the Fiscal Agent upon the occurrence of a Change in Control at the Special Event Redemption Price.

"Special Event Redemption Price" means (a) prior to the First Call Date, 101 per cent. of the outstanding principal amount or (b) subsequent to the First Call Date, the outstanding principal amount, in each case together with, subject to Condition 4(e) (Distribution-Distribution Cancellation), Distribution accrued but unpaid to the date fixed for redemption;

A "Change of Control" occurs when:

(i) Mr. Richard Li or any Affiliate ceases to Control the Issuer;

(ii) any Person or Persons, other than Mr. Richard Li or any Affiliate, acting together acquires Control of the Issuer; or

(iii) the Issuer consolidates with or merges into or sells or transfers all or substantially all of its assets to any other Person, unless the consolidation, merger, sale or transfer will not result in the other Person or Persons acquiring Control over the Issuer or the successor entity;

Non-Cumulative

Distributions which are not paid and cancelled in accordance with Condition 4(e) (Distribution- Distribution Cancellation) are non-cumulative and will not accumulate or compound and Holders will have no right to receive such Distributions at any time or be entitled to any claim in respect thereof against the Issuer, even if subsequent Distributions are paid in the future. Unless otherwise provided for in these Conditions, each Security will cease to confer the right to receive any Distribution from the due date for redemption unless, upon due presentation, payment of the full amount due is improperly withheld or refused. In such latter event, Distribution will continue to accrue at the applicable Distribution Rate (after as well as before any judgment) up to but excluding whichever is the earlier of (i) the date on which all sums due in respect of any Security are received by or on behalf of the relevant Holder and (ii) the day which is seven days after the Fiscal Agent has notified the Holders that it has received all sums due in respect of the Securities up to such seventh day (except to the extent that there is a failure in the subsequent payment to the relevant Holders under these Conditions).

Dividend Stopper

Yes, on Parity and Junior Obligations (subject to carve-outs as described in the Terms and Conditions)

The Securities may be redeemed at the option of the Issuer in whole, but not in part, on the Distribution Payment Date falling in 1 February 2023 or on any Distribution Payment Date thereafter (each, a "Call Settlement Date") on the Issuer's giving not less than 30 nor more than 60 days' notice to the Holders (which notice shall be irrevocable and shall oblige the Issuer to redeem the Securities on the relevant Call Settlement Date at their principal amount plus, subject to Condition 4(e) (Distribution-Distribution Cancellation), Distribution accrued to such date).

Redemption upon an initial public offering

The Securities may be redeemed at the option of the Issuer in whole, but not in part, at any time, on giving not less than 30 nor more than 60 days’ notice to the Holders (which notice shall be irrevocable), the Registrar and the Fiscal Agent, at the Special Event Redemption Price if an Initial Public Offering has occurred.

“Special Event Redemption Price” means (a) prior to the First Call Date, 101 per cent. of the outstanding principal amount or (b) subsequent to the First Call Date, the outstanding principal amount, in each case together with, subject to Condition 4(e) (Distribution—Distribution Cancellation), Distribution accrued but unpaid to the date fixed for redemption;