Wang Kun agreed to acquire 70% stake in Wuxi Online and Offline Network Technology Co., Ltd. from Men Qingjuan on September 1, 2015. Post completion, Wang Kun and Men Qingjuan will hold 70% and 30% stake respectively. The shareholders of Wuxi Online and Offline Network Technology Co., Ltd. approved the transaction. Wang Kun completed the acquisition of 70% stake in Wuxi Online and Offline Network Technology Co., Ltd. from Men Qingjuan on October 21, 2015.