Luokung Technology Corp. (NasdaqCM:LKCO) agreed to acquire eMapgo Technologies (Beijing) Co., Ltd. for approximately CNY 840 million from a group of sellers on August 27, 2019. Total consideration includes a payment of cash payment of CNY 709 million which includes offshore and onshore payment and CNY 127 million will be paid by Luokung Technology shares. In connection with its acquisition of Saleya, as of December 31, 2019 and on January 21, 2020, Luokung Technology Corp made a partial cash payment of $14.33 million and $18.54 million, respectively, and on February 5, 2020 it issued 2,708,498 ordinary shares to certain shareholders of Saleya in accordance with share purchase agreement. On February 24, 2020, Luokung Technology Corp. reached an agreement with two of the Saleya’s shareholders to issue 1.50031 million of Series B preferred shares instead of a cash payment of $6.182 million (CNY 43.128 million) as a change of consideration for the acquisition of Saleya. The group of sellers consists of offshore sellers Zhi-Xun Wang, Hong-Bin Lu, Zhi-Gang Wang, Guan-Hua Fu, YEH, MING TUNG, Rui-Xia Ding, Rui-Xia Ding, Globalearth Holdings Limited, Global Earth Venture Limited and group of other onshore sellers. The Aggregate Offshore consideration shall consist (i) a cash amount of approximately CNY410 million and (ii) a number of LKCO ordinary shares of approximately CNY 130 million after deducting 2,708,498 shares already issued in 2019 pursuant to the original agreement by and among the parties hereto, of which 28,673, 344,082, 1,319,984, 911,459, 104,300 LKCO Ordinary Shares to Rui-Xia Ding), Guan-Hua Fu ,Hong-Bin Lu, Zhi-Xun Wang, YEH, MING TUNG respectively. The aggregate purchase price for all purchased equity interests of all Onshore Selling Shareholders shall be a cash amount of CNY 300 million. Geely Technology and Acuitas Capital, LLC have made strategic investments of $42.5 million (CNY 298.5 million) and expects to receive $100 million (CNY 702.32 million) to fund the transaction. The agreement to acquire eMapgo Technologies (Beijing)is conditioned on, among other things, the Luokung Technology ability to raise the necessary financing to consummate the acquisition of eMapgo Technologies (Beijing). The expected closing date is on September 30, 2019. Luokung Technology Corp. (NasdaqCM:LKCO) completed the acquisition of eMapgo Technologies (Beijing) Co., Ltd. from a group of sellers on March 17, 2021.