Parties to the Acquisition Agreement Purchaser: the Company Vendor: Most Joyful Limited The Vendor, Most Joyful Limited, is a company incorporated in the British Virgin Islands and is an investment holding company. The Vendor currently holds 100% of the Target Company and it indirectly holds 83% equity interests in the PRC Company A. The PRC Company A holds 75% equity interests in the PRC Company B and 76.9231% equity interests in the PRC Company C respectively. The ultimate beneficial owner of the Vendor is Mr. Lee, who has substantial experience in investment and business management. Other than the information technology investment experience in the Target Company, Mr. Lee has over 30 years in experience in listed and unlisted shares and fixed income investment in real estate, production of cement, mining and trading in iron ore and other minerals. Mr. Lee is the sole director of the Vendor. Mr. Lee graduated from the University of Hong Kong in 1972 with a degree in Social Sciences. Thereafter, he has engaged in real estate developments and in the business of trading in Hong Kong. Since 2006 he joined a Hong Kong based conglomerate group which is principally engaged in real estate developments, coal mining and coal trading and mining in other materials such as nickel and zinc, etc. with its businesses in Greater China, India, Australia, Brazil, Peru, South Africa, Central Africa, South East Asia, North America and Western and Eastern Europe. Mr. Lee acted as a director and a member of its senior management team of this conglomerate group and has been involved in management of these projects of the group