Itui International Inc. entered into a definitive agreement to acquire 11.1% stake in Xunlei Limited (NasdaqGS:XNET) from King Venture Holdings Limited on April 2, 2020. King Venture Holdings Limited agreed to exchange the common shares of Xunlei that it owns for shares of Itui. In related transactions, Itui International entered into definitive agreements with each of Xiaomi Ventures Limited, Morningside China TMT Special Opportunity Fund, L.P. and Morningside China TMT Fund III Co-Investment, L.P. to acquire stake in Xunlei Limited on April 2, 2020. The transaction is subject to closing conditions to be fulfilled by the contracting parties. Itui International Inc. completed the acquisition of 11.1% stake in Xunlei Limited (NasdaqGS:XNET) from King Venture Holdings Limited on April 14, 2020. The common shares of Xunlei Limited were transferred in exchange of Series D Preferred Shares of Itui International Inc. Jinbo Li, Hui Duan, Peng Shi and Weimin Luo have been appointed as members of Xunlei Board, and Chuan Wang, Feng Hong, Tao Zou and Qin Liu resigned from Xunlei’s Board. Jinbo Li has been appointed as the Chairman and Jinbo Li as the Chief Executive Officer. Number of Directors constituting the whole Issuer Board decreased from nine to eight.