On December 10, 2015, each of Huayi Brothers, Tencent and the Other Investors entered into a separate Subscription Agreement with China Jiuhao Health Industry Corporation Limited and Mr. Yuen respectively, pursuant to which the Investors have conditionally agreed to subscribe for, and the Company has conditionally agreed to allot and issue, a total of 6,837,619,860 Subscription Shares at an issue price of HKD 0.08 per Subscription Share to the Investors in an aggregate gross amount of approximately HKD 547 million, representing approximately 102.75% of the number of issued Shares as at the date of this announcement and approximately 50.65% of the Enlarged Issued Share Capital. Pursuant to the Subscription Agreements, each of the current Directors (except for Mr. YUEN Hoi Po and the independent non-executive directors), being Mr. ZHANG Changsheng (Vice Chairman), Mr. Edward TIAN Suning and Mr. Hugo SHONG shall resign as a Director with effect from Closing.