Tianjin Jiarui Huixin Corporate Management Co., cancelled the acquisition of 10.4% stake in Leshi Zhixin Electronic Technology Co., Ltd. from Leshi Internet Information & Technology Corp., Beijing.

Tianjin Jiarui Huixin Corporate Management Co., Ltd entered into sale and purchase agreement to acquire 10.4% stake in Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd. from Leshi Internet Information & Technology Corp., Beijing (SZSE:300104) for CNY 2.3 billon on January 13, 2017. Tianjin Jiarui shall pay all the consideration to Leshi Holding on the later of March 10, 2017 or the date on which the above payment conditions are fulfilled. The consideration payable by Tianjin Jiarui by the proceeds of loans which will in turn be funded by the internal resources of the Group to Tianjin Jiarui directly or indirectly by way of loans. The transaction is completed the consummation of due diligence and obtained all internal approval process including board and shareholder approvals of Leshi Internet Information & Technology Corp., Beijing for the transaction. There being no material adverse change (or impact) affecting the Leshi Internet interest, Leshi Internet or the performance of the Leshi Internet sale purchase agreement. The transaction is expected to close before March 15, 2017. PricewaterhouseCoopers Hong Kong acted as accountant to Leshi Internet Information & Technology Corp., Beijing. Tianjin Jiarui Huixin Corporate Management Co., cancelled the acquisition of 10.4% stake in Leshi Zhixin Electronic Technology (Tianjin) Co., Ltd. from Leshi Internet Information & Technology Corp., Beijing (SZSE:300104) on February 28, 2018.