Common use of Ownership Restriction Clause in Contracts

Ownership Restriction. The Company may restrict transfer of the H Shares if such transfer might result in ownership of H Shares by certain shareholders exceeding the limits under applicable law or the Company’s Articles of Association. The Company may also restrict, in such manner as it reasonably deems appropriate, after Consultation with the Depositary, transfers of American Depositary Shares if such transfers may result in the total number of H Shares represented by American Depositary Shares beneficially owned by an Owner or Beneficial Owner in excess of the limits under applicable law or the Company’s Articles of Association. The Company may, in its sole discretion, instruct the Depositary in writing to take reasonable steps with respect to the ownership interest of any Owner or Beneficial Owner in excess of the limits under applicable law or the Company’s Articles of Association, including, without limitation, a mandatory sale or disposition on behalf of the relevant Owner or Beneficial Owner of the H Shares represented by American Depositary Shares that is in excess of the limits under applicable or the Company’s Articles of Association, if and to the extent such disposition is reasonably practicable and permitted under applicable law, provided that the Depositary has no liability to Owners, Beneficial Owners or the Company for actions taken in compliance with the Company’s instructions.