Tianjin Shuishan Technology Co., Ltd., KPIW (Beijing) Investment Fund Co., Ltd. and Tianjin Dingsheng Zhida Technology Co., Ltd. entered into definitive agreements to acquire 60% stake in ChinaCache Xin Run Technology (Beijing) Co., Ltd. from ChinaCache International Holdings Ltd. (NasdaqGS:CCIH) for approximately CNY 380 million on November 27, 2015. Tianjin Shuishan Technology Co., Ltd., KPIW (Beijing) Investment Fund Co., Ltd. and Tianjin Dingsheng Zhida Technology will acquire 36%, 22% and 2% for the consideration of CNY 225 million, CNY 137.5 million and CNY 12.5 million, respectively. Wang will obtain a loan from KPIW (Beijing) Investment Fund Co., Ltd. to make this investment. ChinaCache also agrees not to engage in the data center business that competes with Xin Run until the completion of a qualified initial public offering of Xin Run. The completion of the transaction is subject to customary closing conditions, including requisite governmental approvals. The transaction has been approved by the audit committee of the Board of Directors of ChinaCache International Holdings. Don Markley at The Piacente Group acted as PR advisor to ChinaCache International Holdings Ltd. The transaction received regulatory approval on January 18, 2016. The transaction is expected to close in 2016. Tianjin Shuishan Technology Co., Ltd., KPIW (Beijing) Investment Fund Co., Ltd. and Tianjin Dingsheng Zhida Technology Co., Ltd. cancelled the acquisition of 60% stake in ChinaCache Xin Run Technology (Beijing) Co., Ltd. from ChinaCache International Holdings Ltd. (NasdaqGS:CCIH) on March 6, 2017. Tianjin Shuishan Technology Co., Ltd., Tianjin Dingsheng Zhida Technology Co., Ltd. and Shanghai Qiaoyong signed an agreement to acquire to acquire 79% stake in ChinaCache Xin Run Technology (Beijing) Co., Ltd. from ChinaCache International Holdings Ltd. (NasdaqGS:CCIH) in cash on March 6, 2017.