Pursuant to the Subscription Agreement, Jinping has the right to nominate one director to the board of Xanadu for so long as Jinping holds voting power of not less than 10% in Xanadu. Pursuant to a subscription agreement dated 19 April 2022 between Xanadu, Jinping and Zijin in relation to Jinping's subscription for the Phase I Placement Shares, Jinping continues to have a limited and conditional participation right in future capital raisings of Xanadu for so long as Jinping's shareholding interest in Xanadu is not less than 5%.