Sichuan Tourism Investment Group Co., Ltd. signed a stock transfer agreement to acquire an additional 12.4% stake in Simei Media Co.,Ltd. from Zhu Mingqui for approximately CNY 800 million.

Simei Media Co.,Ltd. is a China-based integrated service advertising company. The Company is principally engaged in television advertising, content and content marketing, the Internet advertising, outdoor advertising, brand management and other advertising businesses. Other advertising business includes radio, magazines, newspaper and other advertising businesses, as well as strategic research services. The Company operates its business in domestic market.