General Licence INT/2026/9491628 - Prince Group Insolvency Payments Under Global Human Rights Regulations

GENERAL LICENCE - Prince Group and their Subsidiaries - Insolvency related payments and activities INT/2026/9491628

1. This licence is granted under regulation 20 of the Global Human Rights Sanctions
   Regulations 2020 (the "GHR Regulations").

2. Any act which would otherwise breach the prohibitions set out in regulations 11 to 15 of
   the GHR Regulations is exempt from those prohibitions to the extent required to give effect to the permissions in this licence.

3. In this licence:
   The Prince Group Global Group Ltd ("Prince Group" The "Prince Group DPs" means (GHR0178); BSQUARE TECHNOLOGY CO. LTD. -- GHR0183 Byex Exchange Company Limited -- GHR0174 Cambodian Heng Xin Real Estate Company Limited -- GHR0172 CHEN Zhi -- GHR0179 Guy Chhay -- GHR0171 Lei Bo -- GHR0170 LI Thet -- GHR0187 PANG Weizhi -- GHR0184 Qiu Wei Ren -- GHR0175 A "DP" means Any individual or body of persons (corporate or unincorporate) designated under the GHR TIAN XU INTERNATIONAL TECHNOLOGY PLC -- Regulations, or any body of persons (corporate or GHR0182 unincorporate) owned or controlled by that designated person as determined under the criteria Uni More Group Company Limited -- GHR0173 "Subsidiary" means Any entity incorporated anywhere in the world owned set out in regulation 7 and Schedule 1 of the GHR or controlled by the Prince Group and other Prince Regulations WU An Ming -- GHR0189 Group DPs within the meaning of regulation 7 of the

"Permitted Insolvency Activities" The making, receiving, or processing of payments and "Insolvency Proceedings" means Any corporate action, legal proceedings or other any other action that (a) is in connection with the means procedure or step taken in relation to (a) the Insolvency Proceedings, whether prior to or after the suspension of payments, a moratorium of commencement of such proceedings, but which (b) indebtedness, winding-up, dissolution, administration does not result in funds or economic resources being or reorganisation of; (b) a composition, compromise, made available (directly or indirectly) to or for the a "Relevant Institution" means A person that has permission under Part 4A of the assignment or arrangement with any creditor of; and Financial Services and Markets Act 2000 (permission benefit of any DP (including UK Prince Group DPs) or (c) the enforcement of any security over any assets of to carry on regulated activity). Subsidiary, save where-- "Insolvency Practitioner" means Any liquidator, provisional liquidator, receiver, the Prince Group and/or their Subsidiary including, without limitation, any compulsory liquidation administrative receiver, administrator, monitor, (i) any such funds made available are ultimately A person that is authorised or registered under Part 2 compulsory manager or other similar office-holder proceedings commenced under the provisions of the held in a frozen account, of the Payment Services Regulations (SI 2017/752). Insolvency Act 1986, the British Virgin Islands a "Person" means appointed by a court of competent jurisdiction for the An individual or a body of persons (corporate or Insolvency Act 2003 and/or any analogous procedure (ii) any such economic resources made available unincorporate) but does not include the Prince Group A person that is authorised or registered under Part 2 GHR Regulations, including (but not limited to) those purpose of exercising their functions in connection or step taken in any jurisdiction. DPs, a Subsidiary or any other DP. of the Electronic Money Regulations (SI 2011/99). are ultimately treated as frozen. entities listed in Annex 1 of this General Licence. with any Insolvency Proceedings.

Permissions: Permitted Insolvency Activities

1. Under this licence, subject to the conditions below:
   4.1 Any Person (including, for the avoidance of doubt, an Insolvency Practitioner), DP (including Prince Group DPs) or a Subsidiary may carry out Permitted Insolvency Activities.

2. A Relevant Institution may process payments made in accordance with paragraph 4.1
   above. Notification Requirement

3. When making funds or economic resources available in accordance with paragraph 4.1
   above, a Person (including any Insolvency Practitioner), a DP (including the Prince Group DPs) and any Subsidiary must provide written notice (which may be provided by email to ofsi@hmtreasury.gov.uk) to HM Treasury that it is conducting activity permitted under this licence and must supply HM Treasury with its current, valid contact details within 14 days of any such funds or economic resources (for example, the first payment in a series of payments) being made available.

4. For the avoidance of doubt, notification provided in accordance with paragraph 6 above
   does not constitute verification by HM Treasury that activity purporting to be permitted under this licence is permitted. Record-keeping Requirements

5. Persons (including Insolvency Practitioners), DPs (including the Prince Group DPs) and any
   Subsidiary taking actions in accordance with paragraph 4.1 above must keep accurate, complete and readable records, on paper or electronically, of any activity purporting to have been permitted under this licence for a minimum of 6 years. General

6. The permissions in this licence do not authorise any act which the person carrying out the
   act knows, or has reasonable grounds for suspecting, will result in funds or economic

A person that is a "recognised clearing house", "third country central counterparty", "recognised CSD" or "third country CSD" for the purposes of s.285 of the Financial Services and Markets Act 2000. A person that is an operator of a recognised payment system (or that is a service provider in relation to recognised payment systems) for the purposes of Part 5 of the Banking Act 2009.

resources being dealt with or made available in breach of the GHR Regulations, save as permitted under this or other licences granted under the GHR Regulations.

1. This licence permits activity in accordance with paragraph 4 above on the basis of
   information provided to HM Treasury and may only be relied upon where such information remains true, accurate and complete.

2. Information provided to HM Treasury in connection with this licence shall be disclosed to
   third parties only in compliance with the UK General Data Protection Regulation and the Data Protection Act 2018.

3. This licence takes effect from 14 April 2026 and expires at 23:59 on 13 April 2031.

4. HM Treasury may vary, revoke or suspend this licence at any time.
   Signed:

Office of Financial Sanctions Implementation HM Treasury 14 April 2026.

Annex 1: Insolvency Proceedings in respect of the Prince Group - non-exhaustive list of Subsidiaries For the purposes of the definition of "Subsidiary" included in paragraph 3 of this licence, the following entities are included:

No. Company Name Even Sincerity Limited Fulam Investment Limited Lateral Bridge Global Limited Luminous Glow Limited Praise Marble Limited Prince Global Group Limited Simply Advanced Limited Southern Heritage Limited Towards Sunshine Limited United Riches Global Limited Amber Hill Ventures Limited Auspicious Tycoon Limited Bright Team Global Limited Delightful Thrive Limited Giant Victory Holdings Limited Golden Ascend International Limited Harmonic State Limited Jumbo High Limited Mighty Divine Limited Noble Title Limited Oriental Charm Holdings Investment Limited Pacific Charm Holdings Investment Limited Prince Global Holdings Limited Respectful Steed Limited Retain Prosper Limited Robust Harmony Limited Star Merit Global Limited Starry Bloom Limited Sure Tycoon Limited Sword River Limited