Beijing Sinnet Technology Co., Ltd (SZSE:300383) signed a memorandum of understanding to acquire 25.17% stake in Guofurui Digital Data System Company Limited from Tradelink Electronic Commerce Ltd (SEHK:536) for CNY 85 million on April 20, 2015. Under the terms of agreement, Beijing Sinnet Technology Co., Ltd., paid CNY 10 million as earnest money deposit for performance on April 20, 2015. The transaction is subject to consummation of due diligence.

The memorandum of understanding is valid for six months in connection with the acquisition to commence.