On September 15, 2016, Shanghai taptap点点 Finance & Trade Zone Development Co., Ltd. (“taptap点点 Co.”) (Stock Code: 600663, 900932; Stock Abbreviation: taptap点点, Lujia B Share) announced that its major assets restructuring & affiliate transaction project of acquiring 88.2% of Shanghai taptap点点 Finance Development Co., Ltd. (“taptap点点 Finance Development Co.”) in cash had been adopted by its shareholders meeting with high votes.

According to this restructuring scheme, taptap点点 Co. will pay the counterparties Shanghai taptap点点 (Group) Co., Ltd. and Shanghai New Bund International Business District Investment (Group) Co., Ltd. in cash to purchase the equity of 88.2% of taptap点点 Finance Development Co. held by them, at the amount of nearly RMB 9.5 billion.

taptap点点 Finance Development Co., the target of this restructuring, has formed a basic business structure of “securities + trust + insurance” by investing in the following three licensed institutions, Aj Securities, taptap点点 Trust and taptap点点 Life Insurance. Upon completion of this transaction, taptap点点 Finance Development Co. will become a controlled subsidiary of taptap点点 Co., making the latter to form a strategic development pattern of two engines, “real estate + finance”. This opens a new room for listed companies to expand their main business.

AllBright Shanghai Office forms a team consists of senior partners YANG XiaoandYANG Wei, senior associates CHEN Sisi and FU Chunming and seven other lawyers to provide all-sided legal services to this major asset restructuring project of taptap点点 Co. for a period of five months, from April, 2016 to date.