Beijing Cuiwei Group agreed to acquire additional 9.97% stake in Beijing Cuiwei Tower Co., Ltd. for approximately CNY 530 million.

Beijing Cuiwei Tower Co Ltd is a China-based company mainly engaged in commercial retail and third-party payment business. The Company conducts its businesses primarily through two segments. The Bank Card Acquiring segment is mainly engaged in the third-party payment business, and completes the clearing and settlement services of transaction funds together with the acquiring bank, the professional bank card institution and the card issuing bank. The Department Store segment is principally engaged in the sales and leasing of merchandise. The Company mainly conducts its businesses in the domestic market and overseas markets.