Common use of Issuance of ADSs Clause in Contracts

Issuance of ADSs. The ADSs and the Ordinary Shares represented thereby have been duly authorized and, when issued and paid for in accordance with this Agreement, will be duly and validly issued, fully paid and nonassessable, free and clear of all Liens imposed. The Company has reserved from its duly authorized capital stock the maximum number of shares of Ordinary Shares underlying the ADSs issuable pursuant to this Agreement. The Ordinary Shares are being offered and sold pursuant to the Registration Statement, and the Company and the Depositary have prepared and filed with the Commission a registration statement relating to the ADSs on Form F-6 (File No. 333-175360) for the registration under the Act which became effective on July 21, 2011. The “Plan of Distribution” section within the Registration Statement permits the issuance and sale of the ADSs as contemplated by this Agreement. Upon receipt of the ADSs, the purchasers of such ADSs will have good and marketable title to such ADSs and the ADSs will be freely tradable on the Trading Market.