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SouFun Holdings: Chongqing Wanli New Energy Co., Ltd ANNOUNCEMENT

The following excerpt is from the company's SEC filing.

Execution of Material Assets Reorganization Framework Agreement

the Development of Material Assets Reorganization

The Board of Directors and Directors of the Company as a whole represent and warrant that this announcement does not contain any false information or misleading statement or omit any material information, and shall be severally and jointly liable for its truthfulness, accuracy and completeness.

Trading of stock of Chongqing Wanli New Energy Co., Ltd. (the “

”) was suspended on August 18, 2015, as the Company has been contemplating material issue and made relevant request of such suspension. After discussion and negotiation with relevant parties, it is understood that such material issue constitutes material assets reorganization of the Company. Trading of the Company’s stock was suspended for up to one month since September 1, 2015, and as the Company subsequently released the Announcement of Wanligufen on Delay of Resumption of Stock Trading due to Material Assets Reorganization, dated October 1, 2015, trading of the Company’s stock continued to be suspended for up to one month since October 1, 2015. In accordance with applicable regulations, as it was anticipated that trading of the Company’s stock could not be resumed within two months, the Company released the Announcement of Wanligufen on Board Resolutions on Delay of Resumption of Stock Trading due to Material Assets Reorganization (Announcement No.: 2015-077) dated October 24, 2015, which was considered and adopted at the 48

meeting of the 7

session of the Company’s Board of Directors. Upon approval of the application filed with Shanghai Stock Exchange, trading of the Company’s stock continued to be suspended for up to one month since November 1, 2015. During such suspension, the Company announced the development of its material assets reorganization every five trading days.

On November 13, 2015, a Cooperation Framework Agreement (the “

”) was entered into by and among the Company, SouFun Holdings Limited, LIU Xicheng (the controlling person of the Company), IDG Capital Partners Beijing Co., Ltd. and Xizang Ruidong Fortune Investment Co., Ltd...


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