Zhang Yifan acquired 95% stake in Beijing Beitun Commerce & Trade Co., Ltd. from Guo Wei and Consumer Capital Group, Inc (OTCPK:CCGN) for CNY 0.48 million on April 1, 2014. Guo Wei transferred 44% of the shares held in Beijing Beitun Commerce &Trade Co., Ltd. to Zhang Yifan for the consideration of CNY 0.22 million and Consumer Capital Group Inc. agrees to transfer 51% shares held in Beijing Beitun Commerce &Trade Co., Ltd. to Zhang Yifan for the consideration of CNY 0.26 million. The directors originally appointed by Guo Wei and Consumer Capital Group, Inc shall resign from Beijing Beitun Commerce &Trade Co., Ltd. automatically and new directors will be appointed.

Zhang Yifan acquired 95% stake in Beijing Beitun Commerce & Trade Co., Ltd. from Guo Wei and Consumer Capital Group, Inc (OTCPK:CCGN) on April 1, 2014.