Beijing Jinxing Rongda Investment Management Co. Ltd. entered into framework agreement to acquire Beijing Feiliu Jiutian Technology Co., Ltd. from NQ Mobile Inc. (NYSE:NQ), for CNY 4 billion on August 26, 2015. The final price is subject to the valuation of an independent third party valuer. The NQ's Board of Directors approved the transaction. This transaction will be terminated at the earlier of one year after its execution, and all parties entering into a binding final agreement. The transaction is subject to exclusivity period of 180 days. The completion of transaction is subject to negotiations among the parties regarding the detailed deal structure, the signing of a definitive purchase agreement and the fulfilling of certain customary closing conditions contained therein. A a part of agreement, Gansu Huangtai Wine-Marketing Industry Co., Ltd. (SZSE:000995) agreed to acquire Beijing Feiliu Jiutian Technology from Bison Capital Holding Company Limited, NQ Mobile Inc. (NYSE:NQ), Beijing NQ Technology Co., Ltd. and others on February 22, 2016. No definitive agreement has been signed yet. Gansu Huangtai Wine-Marketing Industry Co., Ltd. (SZSE:000995) cancelled the acquisition of Beijing Feiliu Jiutian Technology from Bison Capital Holding Company Limited, NQ Mobile Inc. (NYSE:NQ), Beijing NQ Technology Co., Ltd. and others on March 14, 2016.


Beijing Jinxing Rongda Investment Management Co. Ltd. cancelled the acquisition of Beijing Feiliu Jiutian Technology Co., Ltd. from NQ Mobile Inc. (NYSE:NQ), on March 24, 2016.