Shanghai EBI Capital Co., Ltd. signed a framework agreement to acquire 90% stake in Shanghai Meining Computer Software Co., Ltd from China Finance Online Co., Ltd. (NasdaqGS:JRJC) for CNY 140 million on December 11, 2015. China Finance Online Co., Ltd. expects that the administrative approval process and business transfer is expected to close by March 31, 2016. A part of the framework agreement was completed during the fourth quarter of 2015.

The sale of Shanghai Meining Computer Software is expected to be fully completed in the second quarter of 2016.