On August 22, 2017, Shiji (Hong Kong), a wholly-owned subsidiary of Shiji, signed the “Galasys PLC Equity Acquisition Agreement” with the existing founder shareholders of Galasys. Shiji (Hong Kong) intends to purchase a total of 34,626,973 transferredshares of the original shareholders of Galasys in cash of 10,907,496 pounds (calculated at the recent exchange rate of approximately RMB 94.10 million), accounting for 45.23% of the total existing share capital of Galasys 76,556,693 shares.