Wang Yanfei agreed to acquire 2.35% stake in Hangzhou Lianluo Interactive Information Technology Co.,Ltd (SZSE:002280)from He Zhitao for CNY 164.3 million recently. After the three parties sign this agreement and before the completion of the share transfer procedures, the buyer shall pay the seller CNY 4.352 million. After the seller obtains the confirmation documents of the Shenzhen Stock Exchange regarding the transfer of the agreement and before the three parties complete the share transfer procedures, the buyer shall pay the remaining share transfer price to the bank account designated by Soochow Securities.

After the completion of this agreement transfer, He Zhitao will hold 384,355,987 shares of the company, accounting for 17.66% of Hangzhou Lianluo Interactive Information Technology Co.,Ltd. Wang Yanfei will own 2.35% stake in Hangzhou Lianluo Interactive Information Technology Co.,Ltd.