Chengdu Jinmo Technology Co., Ltd. agreed to acquire additional 30% stake in Chengdu Hongqi Selection Technology Co., Ltd. from Chengdu Hongqi Chain Co.,Ltd. for CNY 1.5 million.

Chengdu Hongqi Chain Co., Ltd. is a China-based company principally engaged in the operation of regular chain supermarkets. The Company mainly provides daily-used products, cigarettes, wines, food, grains, oil, beverages, clothing, shoes, hats and textiles and others. The Company also provides autobus card recharging service, ticket consignment service, payment of telecommunication and natural gas fee, as well as electronic payment service. The Company conducts its businesses mainly in Sichuan Province, China.