Itui International Inc. entered into a definitive agreement to acquire 27.6% stake in Xunlei Limited (NasdaqGS:XNET) from Xiaomi Ventures Limited on April 2, 2020. Xiaomi Ventures agreed to exchange the common shares of Xunlei that it owns for Series D preferred shares of Itui. In related transactions, Itui International entered into definitive agreements with each of King Venture Holdings Limited, Morningside China TMT Special Opportunity Fund, L.P. and Morningside China TMT Fund III Co-Investment, L.P. to acquire 12.3% stake in Xunlei Limited on April 2, 2020. The investors will sell 41.7 million shares. The transaction is subject to closing conditions to be fulfilled by the contracting parties. Itui International Inc. completed the acquisition of 27.6% stake in Xunlei Limited (NasdaqGS:XNET) from Xiaomi Ventures Limited on April 14, 2020. Itui acquired, in aggregate 135.3 million Common Shares of Xunlei Limited representing 39.8% stake. In connection with the execution of the SPAs, on April 2, 2020, the board of directors of Xunlei Limited appointed Jinbo Li, Hui Duan, Peng Shi and Weimin Luo as members of the Issuer Board, and Chuan Wang, Feng Hong, Tao Zou and Qin Liu resigned from the Issuer Board, effective April 2, 2020.The deal is subject to approval by the internal investment committee of the Investor.