Wang Kun agreed to acquire 10% stake in Wuxi Online and Offline Network Technology Co., Ltd. from MIG Unmobi Technology Inc. (SZSE:300242) for CNY 18.7 million on January 15, 2017. As of September 30, 2016 Wuxi Online and Offline Network Technology Co., Ltd. reported total assets of CNY 55.4 million and net assets of CNY 51.1 million. As of January 15, 2016 Board of MIG Unmobi Technology Inc. approved the transaction. The transaction does not require approval from shareholders` of MIG Unmobi Technology Inc.

Wang Kun cancelled the acquisition of 10% stake in Wuxi Online and Offline Network Technology Co., Ltd. from MIG Unmobi Technology Inc. (SZSE:300242) on January 15, 2018.