Exhibit 10.8

AMENDED AND RESTATED EXCLUSIVE CONSULTATION AND SERVICE AGREEMENT

This AMENDED AND RESTATED EXCLUSIVE CONSULTATION AND SERVICE AGREEMENT is entered into on March 15, 2019 at Changsha, Hunan, People’s Republic of China (the “PRC”), by and between:

(1)SHANGHAI YONGXIONG INFORMATION TECHNOLOGY SERVICE CO., LTD., a wholly foreign-owned enterprise incorporated under the laws of the PRC with its registered address at Room 1308, Building D, No. 399 Baixiu Road, Fengxian District, Shanghai and Tan Man as its legal representative (“Party A”); and

(2)HUNAN YONGXIONG ASSET MANAGEMENT GROUP CO., LTD., a limited liability company incorporated under the laws of the PRC with its registered address at Room 1001, Building 7, Xincheng Science and Technology Park, No. 588 West Yuelu Road, High-tech Development Zone, Changsha and Tan Man as its legal representative (“Party B”).

(in this Agreement, each of Party A and Party B individually referred to as a “Party”, collectively the “Parties”).

WHEREAS:

1.The parties entered into an Exclusive Consultation and Service Agreement (“Original Exclusive Consultation and Service Agreement”) on January 12, 2019. The parties now agree to enter into this Agreement to amend and restate the Original Exclusive Consultation and Service Agreement, and this Agreement shall supersede and replace the Original Exclusive Consultation and Service Agreement from the effective date of this Agreement.

2.The principal business of Party A includes “Computer information system integration service; enterprise management strategy and consulting service; corporate image planning service; enterprise information planning service; information technology management and consulting service; software after-sales service; computer software and hardware development and technical service, technology transfer; Services; research and development of computer information technology; web page production and website development; computer use services. (Businesses subject to approval according to law shall be operated only after approved by relevant authorities) . “

3.The principal business of Party B include “Asset management (excluding customer wealth management); equity investment with its own assets; investment management services; investment consulting (excluding finance, securities, futures); (the above scope shall not engage in deposit taking, fund collection, entrusted loans, issuing Loan and other national financial supervision and financial credit business); financial service outsourcing; collection and payment of arrears services (carrying out related reminder services with the bank entrustment agreement); corporate management strategy planning; corporate image planning services; marketing planning services; corporate marketing planning; electronic certification services; patent agency services; trademark service; copyright service; software service; integrated circuit layout design agency service; management system certification; software development; software technology transfer; software technology service; e-commerce platform development; information technology consulting service; information service business (excluding fixed Telephone information service and Internet information service); computer network system engineering service; computer technology development, technical service; computer science and technology research service; software online sales; organization of training activities; talent training (limited to branches); Internet connection, access service and related services; sales of computer and computer software; call center business in second kinds of value-added telecom services, information service business (limited to internet information service); housing lease. (Businesses subject to approval according to law shall be operated only after approved by relevant authorities).”

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4.Party B wishes to engage Party A to provide development of software technology, technical consultation and technical services which are related to the Business (as defined below) of Party B, in order to promote the development of its business; and Party A agrees to accept such engagement.

THEREFORE, upon consultations, the Parties hereby agree as follows:

ARTICLE 1 DEFINITION

1.1Except as otherwise required by the terms or context hereof, the following terms in this Agreement shall have the following meanings:

“PRC Laws”	means the laws, administrative regulations, administrative rules, local decrees, judicial interpretations and regulatory documents with binding effects of the PRC then in effect.
“Party B’s Business”	means any and all businesses engaged in and developed by Party B currently and at any time during the effective term of this Agreement.
“Services”	means the services to be provided by Party A to Party B, which are related to Party B’s Business, including but not limited to:

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	(1)	grant of a license to Party B for the use of relevant software necessary for Party B’s Business;
	(2)	provision of comprehensive IT solutions necessary for Party B’s Business;
	(3)	day-to-day management, maintenance and update of hardware equipment and database;
	(4)	development, maintenance and update of relevant application software;
	(5)	provision of training for Party B’s professional and technical personnel;
	(6)	provision of assistance to Party B in collecting technical and commercial information and conducting market research;
	(7)	referral of clients to Party B for establishing commercial and cooperative relationship;
	(8)	provision of suggestions and advice to Party B in relation to the formation and improvement of corporate structure, management system and department set up, and provision of assistance to Party B in improving its internal management system; and
	(9)	any other technical services, consulting services and financial support as may be requested by Party B from time to time, to the extent permitted by the PRC Laws.
“Service Team”	means the team of personnel established by Party A for the purpose of provision of Services to Party B pursuant to this Agreement, including the employees of Party A, independent professional advisors and other contractors retained by Party A.
“Service Fees”	means all fees payable by Party B to Party A pursuant to Article 3 of this Agreement in respect of the Services provided by Party A.
“Operating Revenue”	means in any single fiscal year during the effective term of this Agreement, the total revenue generated by Party B in its daily operation of business of that year as recorded under the “Revenue of Principal Business” in the audited balance sheet prepared in accordance with the PRC accounting standards.

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“Annual Business Plan”	means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.
“Equipment”	shall mean any and all equipment owned by Party A or purchased by Party A from time to time, which are to be used for the purpose of providing the Services.

1.2Any reference to any PRC Laws herein shall be deemed to include: (1) the reference to any revision, amendment, supplement and reenactment of such PRC Laws, irrespective of whether such revision, amendment, supplement and reenactment comes into force before or after the date of execution of this Agreement; and (2) the reference to other decisions, notices or regulations enacted in accordance, or effective as a result of, such PRC Laws.

1.3Unless otherwise specified in the context herein, any reference to an article, section, item or paragraph shall mean the corresponding article, section, item or paragraph in this Agreement.

ARTICLE 2 SERVICES OF PARTY A

2.1In order to better operate its business, Party B wishes to engage Party A to provide the Services to it, and Party A agrees to provide such Services to Party B. As such, Party B engages Party A as its exclusive consultation and services provider to provide Party B with the Services defined herein, and Party A agrees to accept such engagement.

2.2Party A shall provide the Services to Party B in accordance with the terms of this Agreement, and Party B shall use its best efforts to facilitate Party A’s provision of the Services.

2.3Party A shall be equipped with the Equipment and Service Team reasonably necessary for its provision of Services and purchase, acquire new Equipment and deploy new personnel according to the Annual Business Plan and reasonable requirements of Party B so as to achieve the purpose of Party A to provide Party B with high-quality services in accordance with this Agreement. However, from time to time, Party A may replace any member of the Service Team or change the work duties and responsibilities of any member of the Service Team at its sole discretion, provided that such replacement or change of work duties and responsibilities shall not materially adversely affect the day-to-day business operations of Party B.

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2.4Notwithstanding anything to the contrary in this Agreement, Party A is entitled to appoint any third party to provide any or all Services hereunder or to perform any of its obligations hereunder on its behalf. Party B hereby agrees that Party A is entitled to assign its rights and obligations under this Agreement to any third party.

ARTICLE 3 SERVICE FEES

3.1The Parties agree that Party A shall issue bills to Party B regularly according to the workload and commercial value of the services provided to Party B, and Party B shall pay the corresponding service fees to Party A according to the date and amount stipulated in the bills. Party B shall pay the service fees to Party A on the premise of retaining reasonable profit to cover the cost incurred. Party A has the right to adjust the service fee according to the quantity and content of the services it provides to Party B and the operation of Party B at that time.

3.2Party B shall pay the Service Fees determined pursuant to Article 3.1 of this Agreement into a bank account designated by Party A. In case that Party A changes its bank account, it shall notify Party B in writing of such change at least seven (7) working days before such change.

3.3The Parties agree that, in principle, the payment of the abovementioned Service Fees shall not cause any difficulty to the operation of either Party of that year. For the aforesaid purposes, Party A may agree to the deferred payment of Service Fees by Party B.

3.4If any operating loss or critical operation adversity occurs in Party B, Party A shall provide financial support to Party B, and only Party A can decide whether Party B should continue its operation and Party B shall unconditionally accept and execute the decision made by Party A as aforesaid.

ARTICLE 4 OBLIGATIONS OF PARTY B

4.1The Services provided by Party A under this Agreement shall be exclusive. During the effective term of this Agreement, without prior written consent of Party A, Party B may not enter into any agreement, orally or in writing, with any third party or otherwise engage such third party to provide services the same as or similar to those provided by Party A hereunder.

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4.2Party B shall provide Party A with the finalized Annual Business Plan of Party B of the next year before November 30 of each year, in order to facilitate Party A to plan for the Services, purchase necessary software and Equipment and secure necessary personnel and technical service force accordingly. In the event that Party B demands Party A to purchase any new Equipment and/or deploy additional personnel, it shall consult with Party A at least fifteen (15) days in advance in order to reach a mutual agreement between the Parties.

4.3In order to facilitate provision of the Services by Party A, Party B shall provide Party A with relevant materials requested by Party A in an accurate and timely manner.

4.4Party B shall pay Service Fees to Party A on time and in full amount in accordance with Article 3 of this Agreement.

4.5Party B shall maintain its good standing and presence, actively develop its business and procure the maximization of the revenue.

4.6The Parties hereby acknowledge that, pursuant to the terms and conditions of the Amended and Restated Equity Pledge Agreement entered into by all the registered shareholders of Party B as of the date of this Agreement (the “Existing Shareholders”) with Party A on March 15, 2019, each of the Existing Shareholders has pledged all of the equity interests in Party B held by it to Party A as security for Party B’s performance of its obligations under this Agreement.

4.7During the term of this Agreement, Party B agrees to cooperate with Party A and Party A’s direct or indirect parent company in the audit of related party transactions and other audits, to provide relevant information and materials about Party B’s operation, business, customers, finance and employees to Party A, its parent company or its appointed auditor, and agrees that Party A’s parent company may disclose such information and materials for purpose of satisfying the regulatory requirements of the place where the securities of Party A’s parent company are listed.

ARTICLE 5 INTELLECTUAL PROPERTY

5.1To the extent permitted by the applicable PRC Laws then in effect, intellectual property on the work products created in the course of Party A’s provision of Services and the intellectual property on the work product developed by Party B based on Party A’s intellectual property shall belong to Party A (such intellectual property includes, but not limited to, copyright, patent, know-how, trade secret and other intellectual property). Where the applicable PRC Laws expressly prohibits such intellectual property from being owned by Party A, Party B shall hold such intellectual property for the benefit of Party A, and shall immediately transfer such intellectual property to Party A at the lowest price permitted by PRC Laws to Party B once Party B’s ownership of intellectual property is no longer prohibited by PRC Laws; where there is no requirement on the lowest price for such transfer, Party B shall transfer such intellectual property to Party A unconditionally and assist Party A in completing all the filing and registration procedures as required by the competent government authorities in respect of such transfer.

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5.2For the purpose of performing this Agreement, Party B may use the work products created by Party A in the course of provision of Services, subject to the terms and conditions of this Agreement. However, under no circumstances shall this Agreement grant Party B any license to use such work products for any other purposes.

5.3Each Party warrants to the other Party that it will indemnify the other Party against any and all economic losses incurred by the other Party arising from its infringement of any intellectual property rights (including copyright, trademark, patent and know-how) of others.

ARTICLE 6 CONFIDENTIALITY OBLIGATIONS

6.1During the effective term of this Agreement, all customer information (the “Customer Information”) and other related materials in connection with Party B’s Business and Services provided by Party A shall be owned by Party A.

6.2Notwithstanding the termination of this Agreement, each Party shall be obliged to keep the trade secrets and proprietary information of the other Party acquired during the performance of this Agreement, Customer Information jointly owned by both Parties and any non-public information of the other Party (collectively, the “Confidential Information”) in strict confidence. The receiving party of the Confidential Information (the “Receiving Party”) shall not disclose the Confidential Information or any part thereof to any third parties unless it has obtained the prior written consent of the other Party, or required by relevant PRC Laws or the rules of the relevant stock exchange. The Receiving Party shall not use, directly or indirectly, such Confidential Information or any part thereof for purposes other than performing its obligations under this Agreement.

6.3The Confidential Information shall not include any information which:

(a)as shown by written evidence, was rightfully known to the Receiving Party previously;

(b)enters the public domain through no fault of the Receiving Party or is known by the public for other reasons; or

(c)is rightfully acquired by the Receiving Party from other sources subsequently.

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6.4The Receiving Party may disclose the Confidential Information to its relevant employees, agents or professionals it retains, provided that it shall ensure that such persons shall be bound by this Agreement, keep the Confidential Information confidential, and use such Confidential Information solely for the purpose of performing this Agreement.

6.5Upon termination of this Agreement, the Receiving Party of the Confidential Information shall return any and all documents, information or software containing any such Confidential Information to the original owner or provider of such Confidential Information; or with prior consent of the original owner or provider, destroy them which includes deleting all of such Confidential Information from any memory devices, and cease to use such Confidential Information.

6.6The Parties agree that this Article shall survive the amendment, rescission or termination of this Agreement.

ARTICLE 7 REPRESENTATIONS AND WARRANTIES

7.1Party A hereby represents and warrants as follows:

7.1.1it is a limited liability company duly registered and validly existing under the laws of its incorporation place with independent legal person status, and has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and is capable of being an independent party to a lawsuit;

7.1.2it has full corporate power and authority to execute and deliver this Agreement and all the other documents related to the transactions contemplated hereunder which are to be executed by it, and the full power and authority to consummate the transactions hereunder. This Agreement is lawfully and duly executed and delivered by it and constitutes its legal, valid and binding obligations, enforceable against it pursuant to the terms hereof.

7.2Party B hereby represents and warrants as follows:

7.2.1it is a limited liability company duly registered and validly existing under the laws of its incorporation place with independent legal person status, and has full and independent legal status and legal capacity to execute, deliver and perform this Agreement, and is capable of being an independent party to a lawsuit;

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7.2.2it has full corporate power and authority to execute and deliver this Agreement and all the other documents related to the transactions contemplated hereunder which are to be executed by it, and the full power and authority to consummate the transactions contemplated hereunder. This Agreement is lawfully and duly executed and delivered by it and constitutes its legal, valid and binding obligations, enforceable against it pursuant to the terms hereof;

7.2.3as of the effective date of this Agreement, it has obtained all and complete business licenses necessary for its operation, and is fully authorized and qualified to conduct Party B’s Business as is currently conducted within the territory of PRC;

7.2.4it shall notify Party A in a timely manner any litigation it is involved in and any other circumstances with adverse effect, and make its best efforts to prevent further losses therefrom;

7.2.5without written consent of Party A, Party B shall not dispose of its material assets in any form nor change its current shareholding structure;

7.2.6it shall not enter into or consummate any transaction that may have material effect on the assets, liabilities, business operation, shareholding structure of Party B, any equity interests in any third party and any other lawful right held by Party B (except for those in the ordinary course of business or which have been disclosed to and approved by Party A in writing).

ARTICLE 8 TERM

8.1The Parties hereby acknowledge that this Agreement shall become effective upon duly execution by the Parties hereto, and shall remain valid until it is terminated by written agreement of the Parties hereto or as required by the applicable PRC Laws.

8.2Each Party shall complete the approval and registration formalities for extension of its business term at least three (3) months before the expiry of its term of business such that this Agreement shall continue to be valid and effective.

8.3Following the termination of this Agreement, the Parties shall continue to comply with its obligations under Articles 3 and 6 of this Agreement.

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ARTICLE 9 NOTICE

9.1Any notice, request, demand and other correspondence required to be given or made pursuant to this Agreement shall be made in writing and delivered to relevant Parties.

9.2Such notices or other correspondence shall be deemed to be duly served upon transmission if sent by fax or telex, or upon delivery if sent by hand, or five (5) days after posting if sent by mail.

ARTICLE 10 LIABILITIES FOR BREACH OF CONTRACT

10.1The Parties agree and acknowledge that, if either Party (“Defaulting Party”) is materially in breach of any provision of this Agreement, or materially fails to perform any of its obligations hereunder, such breach and failure shall constitute a default hereunder (the “Default”), and the non-defaulting Party shall be entitled to demand the Defaulting Party to rectify such Default or take remedial actions within a reasonable period of time. If the Defaulting Party fails to rectify such Default or take remedial actions within such reasonable period of time or ten (10) days from the receipt of the written notice from the non-defaulting Party requiring such rectification, the non-defaulting Party shall be entitled to make a decision at its sole discretion:

10.1.1Party A shall be entitled to terminate this Agreement and claim from the Defaulting Party for damages if the Defaulting Party is Party B;

10.1.2Party B shall be entitled to claim from the Defaulting Party for damages if the Defaulting party is Party A, provided that under no circumstances shall Party B be entitled to terminate or rescind this Agreement unless otherwise provided by PRC Laws.

10.2Notwithstanding anything to the contrary in this Agreement, this Article 10 shall survive the suspension or termination of this Agreement.

ARTICLE 11 FORCE MAJEURE

In the event of earthquake, typhoon, flood, fire, war, change of policies or laws, and other unforeseeable or unpreventable or unavoidable event of force majeure, which directly affects the performance of this Agreement by a Party or prevents a Party from performing this Agreement in accordance with the agreed conditions, the Party affected by such a force majeure event shall forthwith issue a notice by facsimile and, within thirty (30) days, provide the documents evidencing the details of such force majeure event and the reasons for failure of or delay in its performance of this Agreement, and such documents shall be issued by the notarial office of the area where such force majeure event takes place. The Party affected by such a force majeure event shall take appropriate actions to mitigate or eliminate the effects arising from such event and shall make its efforts to reassume the obligations the performance of which have been delayed or impeded by such force majeure event. The Parties shall consult each other and decide whether this Agreement shall be waived in part or postponed in its performance with regard to the extent of impact of such force majeure event on the performance of this Agreement. No Party shall be liable for the economic losses suffered by the other Party arising from the force majeure event.

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ARTICLE 12 MISCELLANEOUS

12.1This Agreement is made in Chinese in two (2) originals with each Party holding one (1) original.

12.2The formation, effectiveness, performance, amendment, interpretation and termination of this Agreement shall be governed by the PRC Laws.

12.3Any dispute arising hereunder and in connection herewith shall be settled through consultations between the Parties, and if the Parties are unable to reach an agreement within thirty (30) days from the occurrence of the dispute, such dispute shall be submitted to Changsha Arbitration Commission for arbitration in accordance with the arbitration rules thereof then in effect. The place of arbitration shall be in Changsha, and the language to be used in arbitration shall be Chinese. The award of arbitration shall be final and equally binding on the Parties of this Agreement.

12.4No right, power or remedy of a Party under any provision of this Agreement shall preclude such Party from any other right, power or remedy of it under the PRC Laws and other provisions of this Agreement, nor shall any exercise of any right, power or remedy by a Party preclude such Party from exercising any other right, power or remedy.

12.5No failure or delay by any Party in exercising any right, power and remedy (the “Rights”) pursuant to this Agreement or PRC Laws shall be deemed as a waiver of such Rights, and no single or partial waiver of any of the Rights of a Party shall preclude any other exercise of it or the exercise of any other Rights.

12.6The headings of the Articles in this Agreement are inserted for the convenience of reference only, and under no circumstances shall be used in or otherwise affect the construction of this Agreement.

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12.7This Agreement supersedes any other agreements, orally or in writing, between the Parties in respect of the subject matter hereof, and constitutes the entire agreement between the Parties.

12.8Each provision contained in this Agreement shall be severable and independent from other provisions, and in the event that any one or more provisions of this Agreement are held invalid, illegal or unenforceable at any time, the validity, legality or enforceability of the remaining provisions shall not be affected or impaired in any way.

12.9Unless otherwise specified herein, any amendments or supplements to this Agreement shall be made in writing and come into effect upon due execution by the Parties hereto.

12.10Party B shall not assign any of its rights and/or obligations hereunder to any third parties without the prior written consent of Party A. Party A shall be entitled to assign any of its rights and/or obligations hereunder to any third party so appointed by it with prior notice of such assignment to Party B and to the extent not in violation of PRC Laws.

12.11This Agreement shall be binding on the legal successors and assigns of the Parties.

12.12The Parties undertake that they shall make their own declaration and payment of applicable taxes in connection with the transactions contemplated hereunder in accordance with PRC Laws.

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IN WITNESS WHEREOF, this Amended and Restated Exclusive Consultation and Service Agreement has been executed by the following Parties at the place and on the date first above written.

SHANGHAI YONGXIONG INFORMATION TECHNOLOGY SERVICE CO., LTD.

(Seal)

/s/ Seal of Shanghai Yongxiong Information Technology Service Co., Ltd.

By:	/s/ Tan Man
Name:	Tan Man
Title:	Legal Representative

HUNAN YONGXIONG ASSET MANAGEMENT GROUP CO., LTD.

(Seal)

/s/ Seal of Hunan Yongxiong Asset Management Group Co. Ltd.

By:	/s/ Tan Man
Name:	Tan Man
Title:	Legal Representative

[Signature page to the Amended and Restated Exclusive Consultation and Service Agreement]