SouFun and the World Alliance strategic cooperation agreement

According to foreign media reports, SouFun announced today that the company has been with the Shenzhen World Bank Real Estate Consultants Limited (hereinafter referred to as "World Bank") and Hopefluent Group Holdings Limited (the following Referred to as "Hopefluent") signed a strategic cooperation agreement. World Bank and Hopewell brilliant are China's largest and fourth largest new home agency.

SouFun and the World Alliance strategic cooperation agreement requirements: SouFun and the World Federation will form cross-business line preferred mutual strategic partnership, including advertising, e-commerce, housing listing services, new home agents and consultants; ) SouFun and the WorldWest will cooperate in the field of Internet and real estate finance business and explore further cooperation; 3) SouFun will subscribe for new shares issued by the World Bank through private placement, after the completion of the private placement of the World Bank, SouFun will Immediately hold 10% of its issued share capital. The strategic cooperation agreement involves an amount of about 120 million U.S. dollars. In addition, the completion of the strategic cooperation agreement shall be subject to the approval of the shareholders of the World Bank and China Securities Regulatory Commission.

Soufun and Hopewell's brilliant strategic cooperation agreement states: 1) Soufun and Hopeflux will form the mutual preferred strategic partnership across business lines, including advertising, e-commerce, listing services, new home sales and transfer Sales agency, consultants and property management; 2) SouFun and Hopefluent will cooperate in the field of Internet and real estate finance business and set up a joint venture to support the new home agency business of Hopefluent; 3) SouFun will subscribe Hopefluent will issue new shares through private placement and now purchase shares from existing shareholders. After these transactions are completed, Soufun will hold approximately 17% of the issued share capital of Hopefluent. The strategic cooperation agreement involves an amount of about 91 million U.S. dollars. The completion of this strategic cooperation agreement shall be approved by Hop Fat Brilliant Shareholders and the Hong Kong Stock Exchange. (Liu Chun)