Zhangshu Rongyu Investment Management Center (Limited Partnership) signed an agreement to acquire 46% in Wuxi Online and Offline Network Technology Co., Ltd. from Men Qingjuan and Wang Kun for CNY 4.6 million on January 25, 2016. Under the terms, Men Qingjuan will sell 13.8% stake for CNY 1.4 million and Wang Kun will sell 32.2% stake for CNY 3.2 million. Post this transaction, Wang Kun will hold 37.8% stake, Men Qingjuan will hold 16.2% stake and Zhangshu Rongyu Investment Management Center (Limited Partnership) will hold 46% stake. For the year ended December 31, 2015, Wuxi Online and Offline Network Technology Co., Ltd. reported total assets of CNY 57.2 million, total owner's equity of CNY 27.3 million, revenues of CNY 83.2 million and net profit of CNY 15.9 million. The shareholders of Wuxi Online and Offline Network Technology Co., Ltd. approved the transaction. Zhangshu Rongyu Investment Management Center (Limited Partnership) completed the acquisition of 46% in Wuxi Online and Offline Network Technology Co., Ltd. from Men Qingjuan and Wang Kun on February 2, 2016.