<SEC-DOCUMENT>0001144204-16-112332.txt : 20160711
<SEC-HEADER>0001144204-16-112332.hdr.sgml : 20160711
<ACCEPTANCE-DATETIME>20160711070419
ACCESSION NUMBER:		0001144204-16-112332
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		6
FILED AS OF DATE:		20160711
DATE AS OF CHANGE:		20160711
GROUP MEMBERS:		BI ZHANG
GROUP MEMBERS:		BLUESTONE HOLDINGS LTD
GROUP MEMBERS:		CHERRYLANE INVESTMENTS LTD
GROUP MEMBERS:		JIANYU YANG
GROUP MEMBERS:		MORGANCREEK INVESTMENT HOLDINGS LTD
GROUP MEMBERS:		OAKVILLE HOLDINGS GROUP LTD
GROUP MEMBERS:		SHANGHAI HUI FU SCIENCE & TECHNOLOGY DEVELOPMENT CO., LTD.
GROUP MEMBERS:		SHANGHAI JIAN QIAN SCIENCE & TECHNOLOGY DEVELOPMENT CO., LTD

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Concord Medical Services Holdings Ltd
		CENTRAL INDEX KEY:			0001472072
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9

	FILING VALUES:
		FORM TYPE:		SC 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-85276
		FILM NUMBER:		161760723

	BUSINESS ADDRESS:	
		STREET 1:		ROOM 2001-2002, 20TH FLOOR, TOWER A
		STREET 2:		GLOBAL TRADE CTR, 36 NORTH THIRD RING RD
		CITY:			DONGCHENG DISTRICT, BEIJING
		STATE:			F4
		ZIP:			100013
		BUSINESS PHONE:		(86)10-5825-6867

	MAIL ADDRESS:	
		STREET 1:		ROOM 2001-2002, 20TH FLOOR, TOWER A
		STREET 2:		GLOBAL TRADE CTR, 36 NORTH THIRD RING RD
		CITY:			DONGCHENG DISTRICT, BEIJING
		STATE:			F4
		ZIP:			100013

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Cheng Zheng
		CENTRAL INDEX KEY:			0001512969

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	MAIL ADDRESS:	
		STREET 1:		18/F, TOWER A, GLOBAL TRADE CENTER
		STREET 2:		36 NORTH THIRD RING ROAD EAST
		CITY:			DONGCHENG DISTRICT, BEIJING
		STATE:			F4
		ZIP:			100013
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>v444012_sc13da.htm
<DESCRIPTION>SC 13D/A
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION<BR>
Washington, D.C. 20549</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE 13D</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Under the Securities Exchange Act of
1934<BR>
(Amendment No. 2)*</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <td style="width: 100%; border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">Concord Medical Services Holdings Limited</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center; font-size: 10pt; font-weight: bold"><font style="font-weight: normal">(Name of Issuer)</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center; font-size: 10pt; font-weight: bold">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">Class A ordinary shares, par value US$0.0001 per share</td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center; font-size: 10pt; font-weight: bold"><font style="font-weight: normal">(Title of Class of Securities)</font></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center; font-size: 10pt; font-weight: bold">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <td style="border-bottom: Black 1pt solid; text-align: center; font-size: 10pt; font-weight: bold">206277 105<sup>(1)</sup></td></tr>
<tr style="vertical-align: top">
    <td style="text-align: center; font-size: 10pt; font-weight: bold"><font style="font-weight: normal">(CUSIP Number)</font></td></tr>
</table>
<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Jianyu Yang<BR>
Zheng Cheng<BR>
18/F, Tower A, Global Trade Center<BR>
36 North Third Ring Road East<BR>
Dongcheng District, Beijing 100013<BR>
People&rsquo;s Republic of China<BR>
Telephone: +86 10 5957-5266</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">With a copy to:<BR>
<B>Shuang Zhao, Esq. </B><BR>
<B>Cleary Gottlieb Steen &amp; Hamilton </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>37th Floor, Hysan Place </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>500 Hennessy Road</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Causeway Bay, Hong Kong</B></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; border-bottom: Black 0.5pt solid">Telephone:
+852 2521 4122</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications)</FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">July 11, 2016</P>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">(Date
of Event Which Requires Filing of this Statement)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">If the filing person has previously filed a statement on Schedule
13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because &sect; 240.13d-1(e),
240.13d-1(f) or 240.13d-1(g) check the following box. <FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Note</B>: Schedules filed in paper format shall include a
signed original and five copies of the schedule, including all exhibits. See &sect; 240.13d7(b) for other parties to whom copies
are to be sent.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* The remainder of this cover page shall be filled out for a
reporting person&rsquo;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment
containing information which would alter disclosures provided in a prior cover page.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The information required on the remainder of this cover page
shall not be deemed to be &ldquo;filed&rdquo; for the purpose of Section 18 of the Securities Exchange Act of 1934 (the &ldquo;Act&rdquo;)
or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>(1)</SUP><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
</FONT>This CUSIP number applies to the Issuer&rsquo;s American depositary shares (&ldquo;ADSs&rdquo;), each representing three
Class A ordinary shares of the Issuer (the &ldquo;Ordinary Shares&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">Jianyu Yang</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0; text-align: justify"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e)&nbsp;<font style="font-family: Wingdings; font-size: 10pt">&uml;</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">6.</td>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0">People&rsquo;s Republic of China</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 23%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt; text-align: center">Number of <br>
Shares <br>
Beneficially <br>
Owned by <br>
Each <br>
Reporting <br>
Person With</td>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">7.</td>
    <TD STYLE="width: 72%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">646,855</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">8.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">9.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">646,855</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">10.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">60,417,731<sup>1</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box
If The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions)&nbsp;<FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">45.0%<sup>2</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">IN</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>1.</SUP></TD><TD>Includes (i) 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek, and
(ii) 646,855 Ordinary Shares issuable upon exercise of options held by Mr. Yang that are exercisable currently or within 60&nbsp;days
of the date of this Amendment. Mr. Yang and his spouse, Ms. Bi Zhang, indirectly hold 18% and 42% of the shares of Morgancreek,
respectively, and by virtue of such relationship Mr. Yang may be deemed the beneficial owner of the total of 60% of the shares
of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>2.</SUP></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shanghai Hui Fu Science and Technology Development Co., Ltd.</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If
    Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) <FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>

<TR STYLE="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">6.</FONT></TD>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">People&rsquo;s Republic of China</P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD ROWSPAN="4" STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; text-align: center; font-size: 10pt; width: 23%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Number of </FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares </FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Beneficially </FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Owned by </FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Each </FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Reporting </FONT><BR>
<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Person With</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 3pt 5.75pt; border-right: black 1pt solid; font-size: 10pt; width: 5%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">7.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 3pt 5.75pt; border-right: black 1pt solid; width: 72%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 3pt 5.75pt; border-right: black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">8.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 3pt 5.75pt; border-right: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 3pt 5.75pt; border-right: black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">9.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 3pt 5.75pt; border-right: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: black 1pt solid; padding: 3pt 5.75pt; border-right: black 1pt solid; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">10.</FONT></TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 3pt 5.75pt; border-right: black 1pt solid">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876<sup>3</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions) <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">44.7%<sup>4</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">CO</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>3.</SUP></TD><TD>Includes 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Hui Fu
and Oakville hold 30% and 70% of the shares of Cherrylane, respectively, which holds 60% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>4.</SUP></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="margin-top: 0; margin-bottom: 0"></P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Bi Zhang</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If
    Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) <FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">6.</td>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Canada</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 23%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt; text-align: center">Number of <br>
Shares <br>
Beneficially <br>
Owned by <br>
Each <br>
Reporting <br>
Person With</td>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">7.</td>
    <TD STYLE="width: 72%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">646,855</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">8.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">9.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">646,855</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">10.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">60,417,731<sup>5</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions) <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">45.0%<sup>6</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">IN</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>5.</SUP></TD><TD>Includes (i) 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek, and
(ii) 646,855 Ordinary Shares issuable upon exercise of options held by Mr. Yang, the spouse of Ms. Zhang, that are exercisable
currently or within 60&nbsp;days of the date of this Amendment. Ms. Zhang and Mr. Jianyu Yang indirectly hold 42% and 18% of the
shares of Morgancreek, respectively. By virtue of such relationship, Ms. Zhang may be deemed the beneficial owner of (a) the 646,855
Ordinary Shares issuable upon exercise of options held by Mr. Yang, and (b) the total of 60% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>


<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><P STYLE="margin-top: 0; margin-bottom: 0"><SUP></SUP></P>
                                                    <P STYLE="margin-top: 0; margin-bottom: 0"><SUP>6.</SUP></P>
                                                    <P STYLE="margin-top: 0; margin-bottom: 0"><SUP>&nbsp;</SUP></P></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 6 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Oakville Holdings Group Limited</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e) <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">6.</td>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">British Virgin Islands</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 23%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt; text-align: center">Number of <br>
Shares <br>
Beneficially <br>
Owned by <br>
Each <br>
Reporting <br>
Person With</td>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">7.</td>
    <TD STYLE="width: 72%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">8.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">9.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">10.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876<sup>7</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If
    The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions) <FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">44.7%<sup>8</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">CO</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>7.</SUP></TD><TD>Includes 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Oakville
and Hui Fu hold 70% and 30% of the shares of Cherrylane, respectively, which holds 60% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>8.</SUP></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Cherrylane Investments Limited</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box
If Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e)&nbsp;<FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt 1pt; font-size: 10pt">6.</td>
    <TD STYLE="border-right: black 1pt solid; padding: 3pt 5.75pt 1pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">British Virgin Islands</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 23%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt; text-align: center">Number of <br>
Shares <br>
Beneficially <br>
Owned by <br>
Each <br>
Reporting <br>
Person With</td>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">7.</td>
    <TD STYLE="width: 72%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">8.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">9.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">10.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876<sup>9</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If
    The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions) <FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">44.7%<sup>10</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">CO</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>9.</SUP></TD><TD>Represents 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Cherrylane
holds 60% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>10.</SUP></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 8 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Zheng Cheng</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box
If Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e)&nbsp;<FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">6.</td>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">People&rsquo;s Republic of China</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 23%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt; text-align: center">Number of <br>
Shares <br>
Beneficially <br>
Owned by <br>
Each <br>
Reporting <br>
Person With</td>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">7.</td>
    <TD STYLE="width: 72%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">646,855</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">8.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">9.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">646,855</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">10.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">60,417,731<sup>11</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions) <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">45.0%<sup>12</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">IN</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>11.</SUP></TD><TD>Includes (i) 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek, and
(ii)&nbsp;646,855 Ordinary Shares issuable upon exercise of options held by Mr. Cheng that are exercisable currently or within
60 days of the date of this Amendment. Mr. Cheng indirectly owns 40% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>12.</SUP></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shanghai Jian Qian Science and Technology Development Co., Ltd.</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box
If Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e)&nbsp;<FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">6.</td>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">People&rsquo;s Republic of China</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 23%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt; text-align: center">Number of <br>
Shares <br>
Beneficially <br>
Owned by <br>
Each <br>
Reporting <br>
Person With</td>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">7.</td>
    <TD STYLE="width: 72%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">8.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">9.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">10.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876<sup>13</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box If
    The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions) <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">44.7%<sup>14</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">CO</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>13.</SUP></TD><TD>Includes 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Jian
Qian indirectly holds 40% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>14.</SUP></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="margin: 0">&nbsp;</P>

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    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Bluestone Holdings Limited</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box
If Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e)&nbsp;<FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">6.</td>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">British Virgin Islands</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 23%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt; text-align: center">Number of <br>
Shares <br>
Beneficially <br>
Owned by <br>
Each <br>
Reporting <br>
Person With</td>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">7.</td>
    <TD STYLE="width: 72%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">8.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">9.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">10.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876<sup>15</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box
If The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions)&nbsp;<FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">44.7%<sup>16</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">CO</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>15.</SUP></TD><TD>Represents 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Bluestone
holds 40% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>16.</SUP></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>


<!-- Field: Page; Sequence: 11 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">CUSIP Number: 206277 105</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">1.</td>
    <TD STYLE="width: 92%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Name of Reporting Persons</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Morgancreek Investment Holdings Limited</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">2.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Check The Appropriate Box If A Member of A Group (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt"><font style="font-size: 10pt">(a)&nbsp;<font style="font-family: Wingdings">&uml;</font></font>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)
        <font style="font-family: Wingdings; font-size: 10pt">&uml;</font></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">3.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">SEC Use Only</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">4.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Source of Funds (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">OO</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">5.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box
If Disclosure of Legal Proceedings Is Required Pursuant To Items 2(d) Or 2(e)&nbsp;<FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">6.</td>
    <TD STYLE="border-right: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Citizenship Or Place of Organization</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">British Virgin Islands</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD ROWSPAN="4" STYLE="width: 23%; border: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt; text-align: center">Number of <br>
Shares <br>
Beneficially <br>
Owned by <br>
Each <br>
Reporting <br>
Person With</td>
    <TD STYLE="width: 5%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">7.</td>
    <TD STYLE="width: 72%; border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">8.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Voting Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">9.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Sole Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876</P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">10.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Shared Dispositive Power</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">0</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 8%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">11.</td>
    <TD STYLE="width: 92%; border-right: Black 1pt solid; border-bottom: Black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Aggregate Amount Beneficially Owned by Each Reporting Person</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">59,770,876<sup>17</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">12.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">Check Box
If The Aggregate Amount in Row (11) Excludes Certain Shares (See instructions)&nbsp;<FONT STYLE="font-family: Wingdings; font-size: 10pt">&uml;</FONT></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">13.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Percent of Class Represented by Amount in Row (11)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">44.7%<sup>18</sup></P></td></tr>
<tr style="vertical-align: top">
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; padding: 3pt 5.75pt; font-size: 10pt">14.</td>
    <TD STYLE="border-right: black 1pt solid; border-bottom: black 1pt solid; padding: 3pt 5.75pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">Type of Reporting Person (See instructions)</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 2pt 0 0pt">CO</P></td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>17.</SUP></TD><TD>Represents 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>18.</SUP></TD><TD>Percentage calculated based on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed
in the Company&rsquo;s annual report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Amendment No. 2 (this &ldquo;<U>Amendment</U>&rdquo;)
is being filed jointly by Jianyu Yang (&ldquo;<U>Mr. Yang</U>&rdquo;), Shanghai Hui Fu Science and Technology Development Co.,
Ltd. (&ldquo;<U>Hui Fu</U>&rdquo;), Bi Zhang (&ldquo;<U>Ms. Zhang</U>&rdquo;), Oakville Holdings Group Limited (&ldquo;<U>Oakville</U>&rdquo;),
Cherrylane Investments Limited (&ldquo;<U>Cherrylane</U>&rdquo;), Zheng Cheng (&ldquo;<U>Mr. Cheng</U>&rdquo;), Shanghai Jian Qian
Science and Technology Development Co., Ltd. (&ldquo;<U>Jian Qian</U>&rdquo;), Bluestone Holdings Limited (&ldquo;<U>Bluestone</U>&rdquo;)
and Morgancreek Investment Holdings Limited (&ldquo;<U>Morgancreek</U>&rdquo;, together with Mr. Yang, Hui Fu, Ms. Zhang, Oakville,
Cherrylane, Mr. Cheng, Jian Qian and Bluestone, the &ldquo;<U>Reporting Persons</U>&rdquo;). This Amendment amends and supplements
the Schedule 13D jointly filed with the Securities and Exchange Commission (the &ldquo;<U>SEC</U>&rdquo;) on August 15, 2013 by
Mr. Yang, Daketala International Investment Holdings Ltd. (&ldquo;<U>Daketala</U>&rdquo;), Mr. Cheng and CZY Investments Limited
(&ldquo;<U>CZY</U>&rdquo;), as amended by Amendment No. 1 to Schedule 13D filed with the SEC on December 6, 2013 by Mr. Yang, Daketala,
Hui Fu, Cherrylane, Mr. Cheng, CZY, Jian Qian, Bluestone and Morgancreek (the &ldquo;<U>Prior Schedule 13D</U>&rdquo;). The Reporting
Persons have entered into a joint filing agreement, dated as of July 11, 2016, a copy of which is attached hereto as <U>Exhibit
99.1</U>. Except as provided herein, this Amendment does not modify any of the information previously reported on the Prior Schedule
13D.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">Item 1. Security and Issuer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Amendment relates to the Class A ordinary
shares, par value US$0.0001 per share (the &ldquo;<U>Ordinary Shares</U>&rdquo;), of Concord Medical Services Holdings Limited
(the &ldquo;<U>Company</U>&rdquo; or &ldquo;<U>Issuer</U>&rdquo;). The Company&rsquo;s principal executive office is located at
18/F, Tower A, Global Trade Center, 36&nbsp;North Third Ring Road East, Dongcheng District, Beijing 100013, People&rsquo;s Republic
of China.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">Item 2. Identity and Background</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">This Amendment is being filed jointly by
the Reporting Persons pursuant to Rule 13d-1(k) promulgated by the SEC under Section 13 of the Securities Exchange Act of 1934,
as amended (the &ldquo;<U>Exchange Act</U>&rdquo;). The Reporting Persons are making this single, joint filing because they may
be deemed to constitute a &ldquo;group&rdquo; within the meaning of Section 13(d) (3) of the Exchange Act with respect to the transactions
described in Item 4 of this statement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except as expressly otherwise set forth
in this statement, each Reporting Person disclaims beneficial ownership of the Ordinary Shares (including Ordinary Shares represented
by ADSs) beneficially owned by the other Reporting Persons or any other person. Information with respect to each of the Reporting
Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness
of the information concerning the other Reporting Persons, except as otherwise provided in Rule 13d-1(k).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Yang is a citizen of the People&rsquo;s
Republic of China and his principal occupation is the chairman and chief executive officer of the Company. Mr. Yang&rsquo;s principal
business address is 18/F, Tower A, Global Trade Center, 36 North Third Ring Road East, Dongcheng District, Beijing 100013, People&rsquo;s
Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Hui Fu is a limited liability company organized
under the laws of the People&rsquo;s Republic of China wholly owned by Mr. Yang. Hui Fu&rsquo;s principal business is technology
development, technology transfer, investment management and market promotion in the field of medical device and information technology.
The address of its principal office is Room 232, Zone C, 2<SUP>nd</SUP> Floor, 555&nbsp;Songxiu Road, Qingpu District, Shanghai,
People&rsquo;s Republic of China. Mr. Yang is the sole director of Hui Fu.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Ms. Zhang is a citizen of Canada and her
principal occupation is the sole director of Oakville. Ms. Zhang&rsquo;s principal business address is P.O. Box 957, Offshore Incorporations
Centre, Road Town, Tortola, British Virgin Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Oakville is a limited liability company
organized under the laws of the British Virgin Islands wholly owned by Ms. Zhang. Oakville&rsquo;s principal business is investment
holding. The address of its principal office is P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin
Islands. Ms. Zhang is the sole director of Oakville.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Cherrylane is a limited liability company
organized under the laws of the British Virgin Islands, and is 30% owned by Hui Fu and 70% owned by Oakville. Cherrylane&rsquo;s
principal business is investment holding. The address of its principal office is P.O. Box 957, Offshore Incorporations Centre,
Road Town, Tortola, British Virgin Islands. Mr. Yang is the sole director of Cherrylane.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Mr. Cheng is a citizen of the People&rsquo;s
Republic of China and his principal occupation is a director of the Company. Mr. Cheng&rsquo;s principal business address is 18/F,
Tower A, Global Trade Center, 36 North Third Ring Road East, Dongcheng District, Beijing 100013, People&rsquo;s Republic of China.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Jian Qian is a limited liability company
organized under the laws of the People&rsquo;s Republic of China wholly owned by Mr. Cheng. Jian Qian&rsquo;s principal business
is technology development, technology transfer, investment management and market promotion in the field of medical device and information
technology. The address of its principal office is Room 231, Zone C, 2<SUP>nd</SUP>&nbsp;Floor, 555 Songxiu Road, Qingpu District,
Shanghai, People&rsquo;s Republic of China. Mr. Cheng is the sole director of Jian Qian.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Bluestone is a limited liability company
organized under the laws of the British Virgin Islands wholly owned by Jian Qian. Bluestone&rsquo;s principal business is investment
holding. The address of its principal office is P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin
Islands. Mr. Cheng is the sole director of Bluestone.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Morgancreek is a limited liability company
organized under the laws of the British Virgin Islands. Cherrylane and Bluestone hold 60% and 40% of the shares of Morgancreek,
respectively. Morgancreek&rsquo;s principal business is investment holding. The address of its principal office is P.O. Box 957,
Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands. The directors of Morgancreek are Mr. Yang and Mr. Cheng.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">None of the Reporting Persons has, during
the past five years, been convicted of any criminal proceeding (excluding traffic violations or similar misdemeanors), nor been
a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and as a result of such proceeding
was or is subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject
to, federal or state securities laws or finding any violation with respect to such laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">Item 3. Source and Amount of
Funds or Other Consideration</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;The information set forth in or incorporated
by reference in Items 4 and 5 is incorporated by reference in its entirety into this Item 3.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">It is currently anticipated that, (1) approximately
US$47.1 million will be required to complete the Share Purchases (as defined in Item 4 below), and (2) at the price per ADS or
per Ordinary Share set forth in the Proposal (as defined in Item 4 below), approximately US$80.8 million will be required to acquire
all of the outstanding Ordinary Shares and ADSs of the Company not already owned by the Buyer Parties (as defined in Item 4 below)
and their affiliates. The amounts exclude the funds which may be required to pay the costs and expenses associated with the Share
Purchases and the Proposed Transaction (as defined in Item 4 below). It is currently anticipated that the Share Purchases and the
Proposed Transaction will be financed with debt or equity capital or a combination thereof.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">Item 4. Purpose of Transaction</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information set forth in Items 3 and
6 is hereby incorporated by reference in this Item 4.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In January 2015, the Issuer&rsquo;s board
of directors had resolved to issue 45,787,948 Class B ordinary shares to Morgancreek, each of which entitles the holder thereof
to 10 votes on any ordinary resolution or special resolution, in exchange for 45,787,948 Ordinary Shares held by Morgancreek (the
&ldquo;<U>Exchange</U>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In February 2015, Oakville subscribed to
new shares in Cherrylane. Upon completion of the share subscription in November 2015, Hui Fu and Oakville owned 30% and 70% of
shares of Cherrylane, respectively, and as a result, indirectly held 18% and 42% of shares of Morgancreek, respectively.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 11, 2016, Morgancreek entered into
a share purchase agreement (the &ldquo;<U>Carlyle SPA</U>&rdquo;) with Carlyle Asia Growth Partners III, L.P. and CAGP III Co-Investment,
L.P. to acquire 13,086,350 Ordinary Shares at a purchase price of US$1.73 per Ordinary Share, and a share purchase agreement (the
&ldquo;<U>Solar Honor SPA</U>&rdquo;) with Solar Honor Limited to acquire 14,163,325 Ordinary Shares at a purchase price of US$1.73
per Ordinary Share. The share purchases (the &ldquo;<U>Share Purchases</U>&rdquo;) under both Carlyle SPA and Solar Honor SPA are
conditioned on, among other things, Morgancreek obtaining sufficient funds from third-party financing sources to pay the purchase
prices.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 11, 2016, Morgancreek, Blue Ocean
Management Limited (&ldquo;<U>Blue Ocean</U>&rdquo;) and Mr. Yang (collectively, the &ldquo;<U>Buyer Parties</U>&rdquo;) entered
into a memorandum of understanding (the &ldquo;<U>MOU</U>&rdquo;), pursuant to which the Buyer Parties will work with each other
in pursuing the Proposed Transaction (as defined below).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 11, 2016, the Buyer Parties submitted
a preliminary, non-binding proposal (the &ldquo;<U>Proposal</U>&rdquo;) to the Issuer&rsquo;s board of directors. Under the Proposal,
the Buyer Parties propose to acquire all of the outstanding Ordinary Shares (including Ordinary Shares represented by ADSs) of
the Issuer not already owned by the Buyer Parties and their affiliates for $1.73 per Ordinary Share, or $5.19 per ADS, in cash
(the &ldquo;<U>Proposed Transaction</U>&rdquo;). The Buyer Parties also stated in the Proposal that after the closing of the Share
Purchases and the completion of the Exchange, the Buyer Parties would hold more than 90% voting rights of the Issuer&rsquo;s issued
and outstanding ordinary shares. Therefore, the Proposed Transaction may be effected by way of short-form merger pursuant to Section
233(7) of the Companies Law of the Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In addition, Buyer Parties indicated in
the Proposal that (i) they and their affiliates do not intend to sell their stake in the Issuer to a third party; (ii) they are
prepared to negotiate and finalize definitive agreements providing for the Proposed Transaction promptly; and (iii) the Proposal
constitutes only a preliminary indication of interest, and is subject to negotiation and execution of definitive agreements relating
to the Proposed Transaction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the Shares Purchases and the Proposed
Transaction are completed, the ADSs representing the Issuer&rsquo;s Ordinary Shares would be delisted from the New York Stock Exchange
and the Issuer&rsquo;s obligation to file periodic reports under the Exchange Act would terminate. In addition, consummation of
the Shares Purchases and the Proposed Transaction could result in one or more of the actions specified in clauses (a) through (j)
of Item 4 of Schedule 13D, including the acquisition or disposition of securities of the Issuer, a merger or other extraordinary
transaction involving the Issuer, a change to the Issuer&rsquo;s board of directors (as the surviving company to the merger), and
a change in the Issuer&rsquo;s memorandum and articles of association to reflect that the Issuer would become a privately held
company. No assurance can be given that the Share Purchases will be consummated, or any proposal, any definitive agreement or any
transaction relating to the Proposed Transaction will be entered into or be consummated. None of the Issuer or the Reporting Persons
is obligated to complete the Proposed Transaction, and a binding commitment with respect to the Proposed Transaction will result
only from the execution of definitive documents, and then will be on the terms provided in such documentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Reporting Persons reserve their right
to change their plans and intentions in connection with any of the actions discussed in this Item 4 including, among other things,
the purchase price for the Proposed Transaction and the debt and/or equity financing arrangements. Any action taken by the Reporting
Persons may be effected at any time or from time to time, subject to any applicable limitations imposed thereon by any applicable
laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except as set forth in this Item 4 or as
would occur upon completion of any of the matters discussed herein, none of the Reporting Persons have any present plans or proposals
which relate to or would result in any of the actions specified in clauses (a) through (j) of Item 4 of Schedule 13D. The Reporting
Persons may, at any time and from time to time, formulate other purposes, plans or proposals regarding the Issuer, or any actions
that could involve one or more of the types of transaction or have one or more of the results described in paragraphs (a) through
(j) of Item 4 of Schedule 13D.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The description of the Carlyle SPA, the
Solar Honor SPA, the Proposal and the MOU contained herein does not purport to be complete and is qualified in its entirety by
reference to the full text of such documents, a copy of each is attached hereto as <U>Exhibits 99.2, 99.3, 99.4 </U>and<U> 99.5</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="text-transform: uppercase"><B>&nbsp;&nbsp;</B></FONT></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">Item 5. Interest in Securities
of the Issuer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information contained on each of the
cover pages of this statement and the information set forth in Items 2, 3, 4 and 6 are hereby incorporated by reference in their
entirety in this Item 5.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"> (a) &ndash; (b) The following table sets forth the beneficial ownership of Ordinary Shares (including Ordinary Shares represented by ADSs) of the Company for each of the Reporting Persons.</P>



<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD NOWRAP STYLE="font-weight: bold; border-bottom: Black 1pt solid">Name</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shares<BR> Beneficially<BR> Owned</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Percentage&nbsp;of<BR> Total*</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Sole&nbsp;Voting<BR> Power</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shared<BR> Voting<BR> Power</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Sole<BR> Dispositive<BR> Power</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD><TD NOWRAP STYLE="font-weight: bold; padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Shared<BR> Dispositive<BR> Power</TD><TD NOWRAP STYLE="padding-bottom: 1pt; font-weight: bold">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 22%"><font style="font-size: 10pt">Mr. Yang<sup>(1)</sup></font></TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">60,417,731</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">45.0</TD><TD STYLE="width: 1%; text-align: left">%</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">646,855</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">59,770,876</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">646,855</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 10%; text-align: right">59,770,876</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><font style="font-size: 10pt">Hui Fu<sup>(2)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left"><font style="font-size: 10pt">Ms. Zhang <sup>(3)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60,417,731</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">646,855</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">646,855</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><font style="font-size: 10pt">Oakville<sup>(4)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><font style="font-size: 10pt">Cherrylane<sup>(5)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><font style="font-size: 10pt">Mr. Cheng<sup>(6)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">60,417,731</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">45.0</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">646,855</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">646,855</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><font style="font-size: 10pt">Jian Qian<sup>(7)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD><font style="font-size: 10pt">Bluestone<sup>(8)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD><font style="font-size: 10pt">Morgancreek<sup>(9)</sup></font></TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">44.7</TD><TD STYLE="text-align: left">%</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">59,770,876</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&mdash;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">____________</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">* <FONT STYLE="font-size: 10pt">Percentages are calculated based
on 133,709,620 Ordinary Shares issued and outstanding as of April&nbsp;28, 2016, which was disclosed in the Company&rsquo;s annual
report on Form 20-F (File&nbsp;No.&nbsp;001-34563) filed with the SEC on April 28, 2016.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(1)</SUP></TD><TD>Includes (i) 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek, and
(ii) 646,855 Ordinary Shares issuable upon exercise of options held by Mr. Yang that are exercisable currently or within 60&nbsp;days
of the date of this Amendment. Mr. Yang and his spouse, Ms. Bi Zhang, indirectly hold 18% and 42% of the shares of Morgancreek,
respectively, and by virtue of such relationship Mr. Yang may be deemed the beneficial owner of the total of 60% of the shares
of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(2)</SUP></TD><TD>Includes 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Hui Fu
and Oakville hold 30% and 70% of the shares of Cherrylane, respectively, which holds 60% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(3)</SUP></TD><TD>Includes (i) 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek, and
(ii) 646,855 Ordinary Shares issuable upon exercise of options held by Mr. Yang, the spouse of Ms. Zhang, that are exercisable
currently or within 60&nbsp;days of the date of this Amendment. Ms. Zhang and Mr. Yang indirectly hold 42% and 18% of the shares
of Morgancreek, respectively. By virtue of such relationship, Ms. Zhang may be deemed the beneficial owner of (a) the 646,855 Ordinary
Shares issuable upon exercise of options held by Mr. Yang, and (b) the total of 60% of the shares of Morgancreek.</TD></TR></TABLE>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(4)</SUP></TD><TD>Includes 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Oakville
and Hui Fu hold 70% and 30% of the shares of Cherrylane, respectively, which holds 60% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(5)</SUP></TD><TD>Represents 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Cherrylane
holds 60% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(6)</SUP></TD><TD>Includes (i) 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek, and
(ii)&nbsp;646,855 Ordinary Shares issuable upon exercise of options held by Mr. Cheng that are exercisable currently or within
60 days of the date of this Amendment. Mr. Cheng indirectly owns 40% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(7)</SUP></TD><TD>Includes 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Jian
Qian indirectly holds 40% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(8)</SUP></TD><TD>Represents 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares, held by Morgancreek. Bluestone
holds 40% of the shares of Morgancreek.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in; text-indent: -0.25in"><SUP>&nbsp;</SUP></P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 0.25in"><SUP>(9)</SUP></TD><TD>Represents 45,787,948 Ordinary Shares and 4,660,976 ADSs, each representing three Ordinary Shares.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(c) Except as disclosed in Item 6 below, none of the Reporting
Persons has effected any transactions relating to the Ordinary Shares during the past sixty (60) days.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d) Not applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(e) Not applicable.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">Item 6. Contracts, Arrangements,
Understandings or Relationships with Respect to Securities of the Issuer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The information set forth in Items 3 and
4 is hereby incorporated by reference in this Item 6.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On July 11, 2016, the Reporting Persons
entered into an agreement with respect to the joint filing of this Schedule 13D and any amendments thereto (the &ldquo;<U>Joint
Filing Agreement</U>&rdquo;). A copy of the Joint Filing Agreement is attached as&nbsp;<U>Exhibit&nbsp;99.1</U>&nbsp;to this Schedule
13D and is incorporated by reference herein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Except as described herein, there are no
other contracts, arrangements, understandings or relationships (legal or otherwise) among the Reporting Persons and between any
of the Reporting Persons and any other person with respect to any securities of the Company.</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-transform: uppercase">Item 7. Materials to be Filed
as Exhibits</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<table cellspacing="0" cellpadding="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <td style="width: 10%; padding-left: 0.05in; font-size: 10pt; text-align: center"><b>Exhibit<BR>
 No.</b></td>
    <td style="width: 90%; font-size: 10pt; text-align: center"><b>Description</b></td></tr>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.05in; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">99.1</td>
    <td style="font-size: 10pt">Joint Filing Agreement by and among the Reporting Persons, dated July 11, 2016.</td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">99.2</td>
    <td style="font-size: 10pt">Share Purchase Agreement, dated as of July 11, 2016, by and among Morgancreek Investment Holdings Limited, Carlyle Asia Growth Partners III, L.P. and CAGP III Co-Investment, L.P.</td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">99.3</td>
    <td style="font-size: 10pt">Share Purchase Agreement, dated as of July 11, 2016, by and between Morgancreek Investment Holdings Limited<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
and Solar Honor Limited.</FONT></td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">99.4</td>
    <td style="font-size: 10pt">Proposal, dated as of July 11, 2016 from Mr. Jianyu Yang, Morgancreek Investment Holdings Limited and Blue Ocean Management Limited to the board of directors of Concord Medical Services Holdings Limited.</td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <td style="font-size: 10pt; text-align: center">99.5</td>
    <td style="font-size: 10pt">Memorandum of Understanding, dated as of July 11, 2016, among Mr. Jianyu Yang, Morgancreek Investment Holdings Limited and Blue Ocean Management Limited.</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-weight: normal">SIGNATURE</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">After reasonable inquiry and to the best
of my knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dated: July 11, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 50%; font-size: 10pt">Jianyu Yang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt">/s/ Jianyu Yang</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Shanghai Hui Fu Science and Technology Development Co., Ltd.</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 5%; font-size: 10pt">By: </td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; width: 45%">/s/ Jianyu Yang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Name: Jianyu Yang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Title: Director</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 50%; font-size: 10pt">Bi Zhang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt">/s/ Bi Zhang</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Oakville Holdings Group Limited </td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 5%; font-size: 10pt">By: </td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; width: 45%">/s/ Bi Zhang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Name: Bi Zhang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Title: Director</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Cherrylane Investments Limited</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 5%; font-size: 10pt">By: </td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; width: 45%">/s/ Jianyu Yang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Name: Jianyu Yang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Title: Director</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 50%; font-size: 10pt">Zheng Cheng</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt">/s/ Zheng Cheng</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Shanghai Jian Qian Science and Technology Development Co., Ltd.</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 5%; font-size: 10pt">By: </td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; width: 45%">/s/ Zheng Cheng</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Name: Zheng Cheng</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Title: Director</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Bluestone Holdings Limited</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 5%; font-size: 10pt">By: </td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; width: 45%">/s/ Zheng Cheng</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Name: Zheng Cheng</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Title: Director</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Morgancreek Investment Holdings Limited</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">&nbsp;</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="width: 50%; font-size: 10pt">&nbsp;</td>
    <TD STYLE="width: 5%; font-size: 10pt">By: </td>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt; width: 45%">/s/ Jianyu Yang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Name: Jianyu Yang</td></tr>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt">&nbsp;</td>
    <td colspan="2" style="font-size: 10pt">Title: Director</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT INDEX</P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<tr style="vertical-align: bottom">
    <TD STYLE="width: 10%; padding-left: 0.05in; font-size: 10pt; text-align: center"><b>Exhibit<BR>
 No.</b></td>
    <TD STYLE="width: 90%; font-size: 10pt; text-align: center"><b>Description</b></td></tr>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="padding-left: 0.05in; font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">99.1</td>
    <TD STYLE="font-size: 10pt">Joint Filing Agreement by and among the Reporting Persons, dated July 11, 2016.</td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">99.2</td>
    <TD STYLE="font-size: 10pt">Share Purchase Agreement, dated as of July 11, 2016, by and among Morgancreek Investment Holdings Limited, Carlyle Asia Growth Partners III, L.P. and CAGP III Co-Investment, L.P.</td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">99.3</td>
    <TD STYLE="font-size: 10pt">Share Purchase Agreement, dated as of July 11, 2016, by and between Morgancreek Investment Holdings Limited<FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
and Solar Honor Limited.</FONT></td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">99.4</td>
    <TD STYLE="font-size: 10pt">Proposal, dated as of July 11, 2016 from Mr. Jianyu Yang, Morgancreek Investment Holdings Limited and Blue Ocean Management Limited to the board of directors of Concord Medical Services Holdings Limited.</td></tr>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<tr style="vertical-align: top">
    <TD STYLE="font-size: 10pt; text-align: center">99.5</td>
    <TD STYLE="font-size: 10pt">Memorandum of Understanding, dated as of July 11, 2016, among Mr. Jianyu Yang, Morgancreek Investment Holdings Limited and Blue Ocean Management Limited.</td></tr>
</table>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-99.1
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<FILENAME>v444012_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Joint Filing Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In accordance with Rule 13d-1(k) promulgated
under the Securities Exchange Act of 1934, as amended, the undersigned hereby agree to the joint filing with all other Reporting
Persons (as such term is defined in the Schedule 13D referred to below) on behalf of each of them of a statement on Schedule 13D
(including amendments thereto) with respect to Class A ordinary shares, par value US$0.0001 per share, of Concord Medical Services
Holdings Limited, and that this agreement may be included as an exhibit to such joint filing. This agreement may be executed in
any number of counterparts, all of which taken together shall constitute one and the same instrument.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each person whose signature appears below
does hereby constitute and appoint Jianyu Yang with full power to act singly, his or its true and lawful attorney-in-fact and agent,
with full power of substitution and re-substitution, for him or it and in his or its name, place and stead, in any and all capacities,
to sign any and all amendments to the Schedule 13D referred to above, and to file the same, with all exhibits thereto and other
documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agent full
power and authority to do and perform each and every act and thing requisite and necessary fully to all intents and purposes as
he or it might or could do in person, thereby ratifying and confirming all that said attorney-in-fact and agent, or his substitute
or substitutes, may lawfully do or cause to be done by virtue hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the undersigned hereby
execute this agreement as of July 11, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%; font-size: 10pt">Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid; font-size: 10pt">/s/ Jianyu Yang</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Shanghai Hui Fu Science and Technology Development Co., Ltd.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">By: </TD>
    <TD STYLE="width: 44%; border-bottom: black 1pt solid">/s/ Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">Bi Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">/s/ Bi Zhang</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Oakville Holdings Group Limited </TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">By: </TD>
    <TD STYLE="width: 44%; border-bottom: black 1pt solid">/s/ Bi Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Bi Zhang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Cherrylane Investments Limited</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">By: </TD>
    <TD STYLE="width: 44%; border-bottom: black 1pt solid">/s/ Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 50%">Zheng Cheng</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="border-bottom: black 1pt solid">/s/ Zheng Cheng</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Shanghai Jian Qian Science and Technology Development Co., Ltd.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">By: </TD>
    <TD STYLE="width: 44%; border-bottom: black 1pt solid">/s/ Zheng Cheng</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Zheng Cheng</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Bluestone Holdings Limited</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">By: </TD>
    <TD STYLE="width: 44%; border-bottom: black 1pt solid">/s/Zheng Cheng</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Zheng Cheng</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Morgancreek Investment Holdings Limited</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 6%">By: </TD>
    <TD STYLE="width: 44%; border-bottom: black 1pt solid">/s/ Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3.5in; text-indent: 0.5in">&nbsp;</P>

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<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>v444012_ex99-2.htm
<DESCRIPTION>EXHIBIT 99.2
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SHARE PURCHASE AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THIS SHARE PURCHASE AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;)
is made and entered into as of July 11, 2016 by and among:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">Morgancreek Investment Holdings Limited, a limited liability company incorporated under the laws
of the British Virgin Islands (the &ldquo;<B>Purchaser</B>&rdquo;);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Carlyle Asia Growth Partners III, L.P., an exempted limited partnership organized under the laws
of the Cayman Islands acting by its general partner CAGP General Partner, L.P. , itself acting by its general partner CAGP Limited
(&ldquo;<B>CAGP III</B>&rdquo;); and</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(3)</TD><TD STYLE="text-align: justify">CAGP III Co-Investment, L.P., an exempted limited partnership organized under the laws of the Cayman
Islands acting by its general partner CAGP General Partner, L.P. , itself acting by its general partner CAGP Limited (&ldquo;<B>CAGP
III Co-Investment</B>&rdquo; and, together with CAGP III, the &ldquo;<B>Sellers</B>&rdquo;).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Purchaser and the
Sellers is hereinafter referred to individually as a &ldquo;<B>Party</B>&rdquo; and collectively as the &ldquo;<B>Parties</B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>RECITALS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of the Sellers
owns of record and has power to sell the legal and beneficial interest in certain Class A ordinary shares, par value US$0.0001
per share (&ldquo;<B>Ordinary Shares</B>&rdquo;), of Concord Medical Services Holdings Limited, an exempted company incorporated
with limited liability under the laws of the Cayman Islands (the &ldquo;<B>Company</B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
desires to purchase from the Sellers, and each of the Sellers desires to sell to the Purchaser, a certain number of Ordinary Shares
in accordance with the terms and conditions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Parties hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
and Sale of Shares</U>. Subject to the terms and conditions of this Agreement, at the Closing (as defined below), (i) CAGP III
shall sell, transfer and assign to the Purchaser, and the Purchaser shall purchase from CAGP III, 12,584,500 Ordinary Shares (the
&ldquo;<B>CAGP III Shares</B>&rdquo;), for an aggregate purchase price of US$21,771,185, subject to adjustment in accordance with
Section 5 below (the &ldquo;<B>CAGP III Purchase Price</B>&rdquo;), and (ii) CAGP III Co-Investment shall sell, transfer and assign
to the Purchaser, and the Purchaser shall purchase from CAGP III Co-Investment, 501,850 Ordinary Shares (the &ldquo;<B>CAGP III
Co-Investment Shares</B>&rdquo; and, together with the CAGP III Shares, the &ldquo;<B>Shares</B>&rdquo;), for an aggregate purchase
price of US$868,200.5, subject to adjustment in accordance with Section 5 below (the &ldquo;<B>CAGP III Co-Investment Purchase
Price</B>&rdquo; and, together with the CAGP III Purchase Price, the &ldquo;<B>Aggregate Purchase Price</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 40.5pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing</U>.
Subject to the terms and conditions of this Agreement, the closing of the purchase and sale of the Shares (the &ldquo;<B>Closing</B>&rdquo;)
shall take place on or before the fifth (5<SUP>th</SUP>) business day following the satisfaction of the conditions set forth in
<U>Section 4</U> (other than those which can only be satisfied on Closing), or at such other time as the Purchaser and the Sellers
shall agree in writing. The date of the Closing is hereinafter referred to as the &ldquo;<B>Closing Date</B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing
Deliverables by Sellers</U>. At Closing, subject to receipt by the Sellers of the amounts payable under <U>Section 2.2(i)</U> and
<U>Section 2.2(ii)</U>, each of the Sellers shall deliver to the Purchaser (i) a share certificate or share certificates representing
the CAGP III Shares issued in the name of CAGP III and a share certificate or share certificates representing the CAGP III Co-Investment
Shares issued in the name of CAGP III Co-Investment and (ii) an instrument of transfer in respect of the CAGP III Shares in favor
of the Purchaser duly executed by CAGP III and an instrument of transfer in respect of the CAGP III Co-Investment Shares in favor
of the Purchaser duly executed by CAGP III Co-Investment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Purchase Price</U>. Subject to the terms and conditions of this Agreement, the Purchaser shall pay</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 22.5pt">(i)</TD><TD STYLE="text-align: justify">the CAGP III Purchase Price to CAGP III on the Closing Date by wire transfer of immediately available
funds to the following bank account (the &ldquo;<B>CAGP III Bank Account</B>&rdquo;):</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">WELLS FARGO
BANK, N.A.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">SAN FRANCISCO,
CA</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">FOR THE BENEFIT
OF: CARLYLE ASIA GROWTH PARTNERS III, L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">ACCOUNT NUMBER:
20000-273-28093</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">ABA NUMBER:
121 000 248</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">SWIFT CODE:
WFBIUS6S</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 72pt"></TD><TD STYLE="width: 22.5pt">(ii)</TD><TD STYLE="text-align: justify">the CAGP III Co-Investment Purchase Price to CAGP III Co-Investment on the Closing Date by wire
transfer of immediately available funds to the following bank account (the &ldquo;<B>CAGP III Co-Investment Bank Account</B>&rdquo;):</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">JP MORGAN
CHASE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">NEW YORK,
NY</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">FOR THE BENEFIT
OF: CAGP III CO-INVESTMENT, L.P.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">ACCOUNT NUMBER:
478014637</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">ABA NUMBER:
021000021</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 94.3pt; text-align: justify; text-indent: 0in">SWIFT CODE:
CHASUS33</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Deductions</U>.
Payments to be made by the Purchaser under this Agreement shall be made without set-off or deduction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representation and Warranties</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representation
and Warranties of the Sellers.</U> Each Seller hereby jointly and severally represents and warrants to the Purchaser, as of the
date hereof and the Closing Date, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such Seller
is an exempted limited partnership duly formed and registered, validly existing and in good standing under the laws of the Cayman
Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Such Seller
has all requisite power and authority to execute and deliver this Agreement, to carry out its obligations hereunder and to consummate
the transactions contemplated hereby. Such Seller has obtained all necessary partnership approvals for the execution and delivery
of this Agreement, the performance of its obligations hereunder, and the consummation of the transactions contemplated hereby.
This Agreement has been duly executed and delivered by such Seller and (assuming due authorization, execution and delivery by the
Purchaser) constitutes such Seller&rsquo;s legal, valid and binding obligation, enforceable against such Seller in accordance with
its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
CAGP III Shares are owned of record by CAGP III and beneficially by the partners in CAGP III, free and clear of any and all Encumbrances.
The CAGP III Co-Investment Shares are owned of record by CAGP III Co-Investment and beneficially by the partners of CAGP III Co-Investment,
free and clear of any and all Encumbrances<B>. </B>&ldquo;<B>Encumbrance</B><FONT STYLE="font-size: 10pt">&rdquo; </FONT>means
(i) any mortgage, charge (whether fixed or floating), pledge, lien (other than lien created by operation of law), hypothecation,
assignment, deed of trust, title retention, security interest or other encumbrance of any kind securing, or conferring any priority
of payment in respect of, any obligation of any person, including any right granted by a transaction which, in legal terms, is
not the granting of security but which has an economic or financial effect similar to the granting of security under applicable
law, (ii) any lease, sub-lease, occupancy agreement, easement or covenant granting a right of use or occupancy to any person,
(iii) any proxy, power of attorney, voting trust agreement, interest, option, right of first offer, negotiation or refusal or
transfer restriction in favor of any person and (iv) any adverse claim as to title, possession or use.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The execution,
delivery and performance by the Sellers of this Agreement do not conflict with, violate or result in the breach of, or create any
Encumbrance on the Shares pursuant to, any agreement, instrument, order, judgment, decree, law or governmental regulation to which
any Seller is a party or is subject.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No governmental,
administrative or other third-party consents or approvals are required by or with respect to the Sellers in connection with the
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.1.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are
no actions, suits, claims, investigations or other legal proceedings pending or, to the knowledge of the Sellers, threatened against
or by the Sellers that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No broker,
finder or investment banker is entitled to any brokerage, finder&rsquo;s or other fee or commission in connection with the transactions
contemplated by this Agreement based upon arrangements made by or on behalf of the Sellers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties of the Purchaser</U>. The Purchaser represents and warrants to the Sellers, as of the date hereof and the Closing
Date, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
is a company duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
has all requisite power and authority to enter into this Agreement, to carry out its obligations hereunder and to consummate the
transactions contemplated hereby. The performance by the Purchaser of its obligations hereunder and the consummation by the Purchaser
of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of the Purchaser.
This Agreement has been duly executed and delivered by the Purchaser and (assuming due authorization, execution and delivery by
the Sellers) each constitutes or will when executed constitute a legal, valid and binding obligation of the Purchaser enforceable
against the Purchaser in accordance with its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No governmental,
administrative or other third party consents or approvals are required by or with respect to the Purchaser in connection with the
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are
no actions, suits, claims, investigations or other legal proceedings pending or, to the knowledge of the Purchaser, threatened
against or by the Purchaser that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No broker,
finder or investment banker is entitled to any brokerage, finder&rsquo;s or other fee or commission in connection with the transactions
contemplated by this Agreement based upon arrangements made by or on behalf of the Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Shares
will be acquired for investment for the account of the Purchaser and not as a nominee or agent and not with a view to the distribution
or public offering thereof. In connection therewith, the Purchaser confirms that it is neither a U.S Person, as such term is defined
in Rule 902(k) of Regulation S under the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), nor located
within the United States, and that the transactions contemplated in this Agreement will be between non-U.S. Persons and will take
place outside of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
understands that the Shares have not been registered under either the Securities Act or the securities laws of any state by reason
of specific exemptions therefrom and that such securities may be resold in the United States without registration under the Securities
Act only in certain limited circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
understands that the Sellers and their respective affiliates may now or at any other time have material confidential information
that could affect the value of the Shares and that this information has not been, and may not be in the future, made available
to the Purchaser. The Purchaser hereby waives any claim against, and covenants not to sue the Sellers and their respective controlling
persons, officers, directors, members, partners, agents or employees and their respective successors and assigns, from any and
all claims, demands, causes of action, damages, losses, expenses or liabilities, of any nature whatsoever, whether accrued or unaccrued,
contingent or liquidated, known or unknown, resulting from any failure to disclose to the Purchaser any information concerning
the Company or its securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
understands that Regulation S promulgated under the Securities Act is available only for offers and sales of securities outside
the United States, and the Purchaser will comply with Regulation S, specifically complying with the restrictions on re-sale of
the securities set forth in Rules 903(a) and 903(b)(3) of Regulation S.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
acknowledges that it is aware of its obligations under the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange
Act</B>&rdquo;), including, but not limited to those filing obligations that are triggered as a result of the consummation of the
sale of the Shares pursuant to Section 13 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
understands that the Sellers may be an &ldquo;affiliate&rdquo; of the Company within the meaning of U.S. federal and state securities
laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">3.2.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By entering
into and performing this Agreement neither the Purchaser nor any of the direct or indirect owners of any of its shares will be
breaching any black-out period restriction or other dealing policy or restriction applicable to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing Conditions.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation
of the Purchaser to purchase the Shares from Sellers is subject to the satisfaction of the following conditions as of the Closing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">4.1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties True and Correct</U>. The representations and warranties made by the Sellers herein shall be true and correct and
complete when made, and shall be true and correct and complete as of the date of the Closing with the same force and effect as
if they had been made on and as of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">4.1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Performance
of Obligations</U>. Each Seller shall have performed and complied with all agreements, obligations and conditions contained in
this Agreement that are required to be performed or complied with by it on or before the Closing.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">4.1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Approvals,
Consents and Waivers</U>. The Sellers shall have obtained any and all approvals, consents and waivers required by them for consummation
of the transactions contemplated by this Agreement, including, but not limited to all permits, authorizations, approvals, consents
or permits of any governmental authority or regulatory body.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">4.1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financing</U>.
The Purchaser shall have obtained sufficient funds from third-party financing sources to pay the Aggregate Purchase Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation
of the Sellers to sell, transfer and assign the Shares to the Purchaser hereunder is subject to the satisfaction of the following
conditions as of the Closing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">4.2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties True and Correct</U>. The representations and warranties made by the Purchaser herein shall be true and correct
and complete when made, and shall be true and correct and complete as of the date of the Closing with the same force and effect
as if they had been made on and as of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">4.2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Performance
of Obligations</U>. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in
this Agreement that are required to be performed or complied with by it on or before the Closing.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.4in">4.2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Approvals,
Consents and Waivers</U>. The Purchaser shall have obtained any and all approvals, consents and waivers required by it for consummation
of the transactions contemplated by this Agreement, including, but not limited to all permits, authorizations, approvals, consents
or permits of any governmental authority or regulatory body.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
Price Adjustment</U>. The purchase price of US$21,771,185 for the CAGP III Co-Investment Shares and US$868,200.5 for the CAGP III
Shares has been calculated based on a price of US$1.73 per Share (the &ldquo;<B>Base Price Per Share</B>&rdquo;). If at any time
after the date of this Agreement and prior to the date which is 10 months after Closing there is any consummation of any tender
offer for the Ordinary Shares, any merger of the Company with another company, any acquisition or cancellation of Ordinary Shares
pursuant to a merger or scheme of arrangement, any liquidation of the Company or any event having an effect similar to any of the
foregoing (a &ldquo;<B>Liquidity Event</B>&rdquo;), then if the highest price per Ordinary Share (or amount payable or distributable
per Ordinary Share) applicable to such Liquidity Event exceeds the Base Price Per Share, then the CAGP III Co-Investment Purchase
Price and the CAGP III Purchase Price shall be increased by an amount per Share equal to such excess (and if Closing has already
occurred the Purchaser shall pay the excess promptly to the Sellers to the accounts specified in Section 2.2). In calculating the
highest price per Ordinary Share applicable to a Liquidity Event there shall be added to such price the amount of any dividend
or other distribution paid on an Ordinary Share after the date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictions
on Sale</U>. After the date hereof and immediately before the Closing, the Sellers will continue to hold Shares. Each of the Sellers
hereby agrees not to sell or transfer or agree to sell or transfer any of the Shares held by it before the earlier of the Closing
and the termination of this Agreement pursuant to the Section 7.8 hereof. Notwithstanding the foregoing, the Sellers shall be entitled
(but not obliged) to vote in favour of any resolution proposed by the Company relating to a merger or scheme of arrangement which
may require the cancellation or transfer of the Shares. If a tender offer is made for all or part of the Ordinary Shares by the
Purchaser (or by, or by any person associated with, any shareholder of the Purchaser), the Sellers shall be entitled to accept
such offer if Closing does not occur (other than as a result of a default of the Sellers) prior to the date which is five business
days (being a day, other than a Saturday or Sunday on which banks in the Cayman Islands, Hong Kong and New York are open for usual
business) before such offer lapses or closes. If the Shares are transferred by the Sellers or cancelled prior to Closing pursuant
to any such merger, scheme or tender offer then this Agreement shall terminate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>. This Agreement shall be governed in all respects by the laws of the Hong Kong.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Arbitration.</U>
Any dispute, controversy or claim arising out of or relating to this Agreement, including the existence, validity, interpretation,
performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it
shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Centre under the
Hong Kong International Arbitration Centre Administered Arbitration rules in force when the Notice of Arbitration is submitted.
The arbitration tribunal shall consist of three arbitrators. The seat of arbitration shall be Hong Kong. The language of the arbitration
shall be English.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments</U>.
No amendment or modification of the terms and conditions of this Agreement shall be valid unless in writing and signed by all Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire Agreement</U>.
This Agreement constitutes the entire agreement between the Parties with respect to the transactions contemplated hereby. This
Agreement supersedes all prior agreements, understandings, negotiations and representations between the parties with respect to
such transactions. Each Party agrees that such Party will have no remedy in respect of any representation, statement, assurance
or warranty that is not expressly set out in the Agreement. No Party shall have any claim for innocent or negligent representation
based upon any statement in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver</U>.
Either Party&rsquo;s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such
provision, or prevent that Party thereafter from enforcing each and every other provision of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>.
Each Party shall bear its own fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed
to be one and the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination</U>.
This Agreement may be terminated at any time prior to the Closing (a) by the mutual written consent of the Purchaser and the Sellers,
(b) by the Purchaser if a breach of any provision of this Agreement has been committed by any Seller and such breach has not been
cured within 30 days following receipt by the breaching Seller of written notice of such breach, (c) or by any Seller if a breach
of any provision of this Agreement has been committed by the Purchaser and such breach has not been cured within 30 days following
receipt by the Purchaser of written notice of such breach, or (c) by any Party if the Closing does not occur on or before the date
that is six (6) months after the date hereof, provided that such period of six months may on one occasion only (and then only if
the Purchaser shall have been using its best efforts to fulfil the Conditions in Section 4.1) be extended by a further period of
two months by written notice from the Purchaser to the Seller given no earlier than five (5) months after the date of hereof .
Upon termination, all further obligations of the Parties under this Agreement shall terminate without liability of any Party to
the other Parties to this Agreement, except that no such termination shall relieve any Party from liability for any fraud or willful
breach of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignment</U>.
Neither this Agreement nor any of the rights, interests or obligations hereunder may be assigned or delegated, in whole or in part,
by either Party without the prior written consent of the other Party, and any purported assignment or delegation in contravention
of this Section 7.9 shall be null and void and of no force and effect. Notwithstanding the preceding sentence, the Purchaser may,
without the prior written consent of Sellers, assign this Agreement or any of its rights, interests or obligations under this Agreement,
in whole or in part, to one or more of its Affiliates; <I>provided</I>, <I>however</I>, that no such assignment shall relieve Purchaser
of its obligations hereunder. &ldquo;<B>Affiliate</B>&rdquo; means, with respect to any person, any other person that directly
or indirectly, including through one or more intermediaries, controls, is controlled by or is under common control with such person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>FATCA</U>.
The Parties agree that no amounts payable under this Agreement shall be subject to withholding under Sections 1471 or 1472 of the
United States Internal Revenue Code of 1986, as amended or any current or future United States Treasury regulations promulgated
thereunder and published guidance with respect thereto or any applicable intergovernmental agreements with respect thereto, including
any laws, regulations, guidance or practices issued or otherwise entered into in connection with any such intergovernmental agreements
(&ldquo;<B>FATCA</B>&rdquo;). Each Seller shall use commercially reasonable efforts to provide to the Purchaser any U.S. tax form
documentation requested by the Purchaser to the extent necessary to avoid the imposition of any withholding or other deduction
of taxes on payments made (directly or indirectly) to that Seller, including any information that may be required under FATCA,
to the extent such information is reasonably available to that Seller. The Purchaser shall provide written notice of such request
for U.S. tax form documentation and allow the relevant Seller 30 days from the date of notice to provide such documentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">[THE REMINDER OF THIS
PAGE IS INTENTIONALLY LEFT BLANK]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding: 0">&nbsp;</TD>
    <TD STYLE="width: 50%; padding: 0"><B>Sellers:</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0"><B>Carlyle Asia Growth Partners III, L.P.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0">by its general partner CAGP General Partner, L.P.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0">&nbsp;</TD>
    <TD STYLE="padding: 0">itself by its general partner CAGP Limited</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By: </TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid">/s/ David Pearson</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: David Pearson</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>


<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; padding-bottom: 0; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="width: 50%; padding-bottom: 0; padding-right: 0; padding-left: 0"><B>CAGP III Co-Investment, L.P.</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; padding-right: 0; padding-left: 0">by its general partner CAGP General Partner, L.P.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-bottom: 0; padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-bottom: 0; padding-right: 0; padding-left: 0">itself by its general partner CAGP Limited</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 3in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By: </TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid">/s/ David Pearson</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: David Pearson</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature Page to Share Purchase Agreement</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"></TD><TD STYLE="width: 50%"><B>Morgancreek Investment Holdings Limited</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">By: </TD>
    <TD STYLE="width: 45%; border-bottom: black 1pt solid">/s/ Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 243pt; text-indent: -243pt">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center">[<I>Signature Page to Share Purchase Agreement</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>



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<DOCUMENT>
<TYPE>EX-99.3
<SEQUENCE>4
<FILENAME>v444012_ex99-3.htm
<DESCRIPTION>EXHIBIT 99.3
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
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<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.3</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>SHARE PURCHASE AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">THIS SHARE PURCHASE AGREEMENT (this &ldquo;<B>Agreement</B>&rdquo;)
is made and entered into as of July 11, 2016 by and among:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: justify">Morgancreek Investment Holdings Limited, a limited liability company incorporated under the laws
of the British Virgin Islands (the &ldquo;<B>Purchaser</B>&rdquo;);</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in">(2)</TD><TD STYLE="text-align: justify">Solar Honor Limited, a limited liability company incorporated under the laws of the British Virgin
Islands (the &ldquo;<B>Seller</B>&rdquo;).</TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The Purchaser and the
Seller is hereinafter referred to individually as a &ldquo;<B>Party</B>&rdquo; and collectively as the &ldquo;<B>Parties</B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>RECITALS</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">A.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Seller owns
of record and beneficially certain Class A ordinary shares, par value US$0.0001 per share (&ldquo;<B>Ordinary Shares</B>&rdquo;),
of Concord Medical Services Holdings Limited, an exempted company incorporated with limited liability under the laws of the Cayman
Islands (the &ldquo;<B>Company</B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">B.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
desires to purchase from the Seller, and the Seller desires to sell to the Purchaser, a certain number of Ordinary Shares in accordance
with the terms and conditions of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Parties hereby agree as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
and Sale of Shares</U>. Subject to the terms and conditions of this Agreement, at the Closing (as defined below), the Seller shall
sell, transfer and assign to the Purchaser, and the Purchaser shall purchase from the Seller, 14,163,325 Ordinary Shares (the &ldquo;<B>Shares</B>&rdquo;),
for an aggregate purchase price of US$24,502,552.25, subject to adjustment in accordance with Section 5 below (the &ldquo;<B>Purchase
Price</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing</U>.
Subject to the terms and conditions of this Agreement, the closing of the purchase and sale of the Shares (the &ldquo;<B>Closing</B>&rdquo;)
shall take place on or before the fifth (5<SUP>th</SUP>) business day following the satisfaction of the conditions set forth in
<U>Section 4</U> (other than those which can only be satisfied on Closing), or at such other time as the Purchaser and the Seller
shall agree in writing. The date of the Closing is hereinafter referred to as the &ldquo;<B>Closing Date</B>.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing
Deliverables by the Seller</U>. At Closing, subject to receipt by the Seller of the amounts payable under <U>Section 2.2</U>, the
Seller shall deliver to the Purchaser (i) a share certificate or share certificates representing the Shares issued in the name
of the Seller and (ii) an instrument of transfer in respect of the Shares in favor of the Purchaser duly executed by the Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Purchase Price</U>. Subject to the terms and conditions of this Agreement, the Purchaser shall pay the Purchase Price to the
Seller on the Closing Date by wire transfer of immediately available funds to a bank account designated by the Seller in a written
notice to the Purchaser at least three days prior to the Closing Date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No Deductions</U>.
Payments to be made by the Purchaser under this Agreement shall be made without set-off or deduction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representation and Warranties</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">3.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representation
and Warranties of the Seller.</U> The Seller hereby represents and warrants to the Purchaser, as of the date hereof and the Closing
Date, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Seller
is a limited liability company duly incorporated, validly existing and in good standing under the laws of the British Virgin Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Seller
has all requisite power and authority to execute and deliver this Agreement, to carry out its obligations hereunder and to consummate
the transactions contemplated hereby. The Seller has obtained all necessary partnership approvals for the execution and delivery
of this Agreement, the performance of its obligations hereunder, and the consummation of the transactions contemplated hereby.
This Agreement has been duly executed and delivered by the Seller and (assuming due authorization, execution and delivery by the
Purchaser) constitutes the Seller&rsquo;s legal, valid and binding obligation, enforceable against the Seller in accordance with
its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Shares are owned of record and beneficially by the Seller, free and clear of any and all Encumbrances. &ldquo;<B>Encumbrance</B><FONT STYLE="font-size: 10pt">&rdquo;
</FONT>m<FONT STYLE="font-weight: normal; font-style: normal">eans (i) any mortgage, charge (whether fixed or floating), pledge,
lien (other than lien created by operation of law), hypothecation, assignment, deed of trust, title retention, security interest
or other encumbrance of any kind securing, or conferring any priority of payment in respect of, any obligation of any person,
including any right granted by a transaction which, in legal terms, is not the granting of security but which has an economic
or financial effect similar to the granting of security under applicable law, (ii) any lease, sub-lease, occupancy agreement,
easement or covenant granting a right of use or occupancy to any person, (iii) any proxy, power of attorney, voting trust agreement,
interest, option, right of first offer, negotiation or refusal or transfer restriction in favor of any person and (iv) any adverse
claim as to title, possession or use.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The execution,
delivery and performance by the Seller of this Agreement do not conflict with, violate or result in the breach of, or create any
Encumbrance on the Shares pursuant to, any agreement, instrument, order, judgment, decree, law or governmental regulation to which
the Seller is a party or is subject.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.1.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No governmental,
administrative or other third-party consents or approvals are required by or with respect to the Seller in connection with the
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.1.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are
no actions, suits, claims, investigations or other legal proceedings pending or, to the knowledge of the Seller, threatened against
or by the Seller that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.1.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No broker,
finder or investment banker is entitled to any brokerage, finder&rsquo;s or other fee or commission in connection with the transactions
contemplated by this Agreement based upon arrangements made by or on behalf of the Seller.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">3.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties of the Purchaser</U>. The Purchaser represents and warrants to the Seller, as of the date hereof and the Closing
Date, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
is a company duly incorporated, validly existing and in good standing under the laws of its jurisdiction of incorporation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
has all requisite power and authority to enter into this Agreement, to carry out its obligations hereunder and to consummate the
transactions contemplated hereby. The performance by the Purchaser of its obligations hereunder and the consummation by the Purchaser
of the transactions contemplated hereby have been duly authorized by all requisite corporate action on the part of the Purchaser.
This Agreement has been duly executed and delivered by the Purchaser and (assuming due authorization, execution and delivery by
the Seller) each constitutes or will when executed constitute a legal, valid and binding obligation of the Purchaser enforceable
against the Purchaser in accordance with its terms.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No governmental,
administrative or other third party consents or approvals are required by or with respect to the Purchaser in connection with the
execution and delivery of this Agreement and the consummation of the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;There are
no actions, suits, claims, investigations or other legal proceedings pending or, to the knowledge of the Purchaser, threatened
against or by the Purchaser that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this
Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;No broker,
finder or investment banker is entitled to any brokerage, finder&rsquo;s or other fee or commission in connection with the transactions
contemplated by this Agreement based upon arrangements made by or on behalf of the Purchaser.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Shares
will be acquired for investment for the account of the Purchaser and not as a nominee or agent and not with a view to the distribution
or public offering thereof. In connection therewith, the Purchaser confirms that it is neither a U.S Person, as such term is defined
in Rule 902(k) of Regulation S under the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), nor located
within the United States, and that the transactions contemplated in this Agreement will be between non-U.S. Persons and will take
place outside of the United States.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
understands that the Shares have not been registered under either the Securities Act or the securities laws of any state by reason
of specific exemptions therefrom and that such securities may be resold in the United States without registration under the Securities
Act only in certain limited circumstances.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
understands that the Seller and its affiliates may now or at any other time have material confidential information that could affect
the value of the Shares and that this information has not been, and may not be in the future, made available to the Purchaser.
The Purchaser hereby waives any claim against, and covenants not to sue the Seller and its controlling persons, officers, directors,
members, partners, agents or employees and its successors and assigns, from any and all claims, demands, causes of action, damages,
losses, expenses or liabilities, of any nature whatsoever, whether accrued or unaccrued, contingent or liquidated, known or unknown,
resulting from any failure to disclose to the Purchaser any information concerning the Company or its securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
understands that Regulation S promulgated under the Securities Act is available only for offers and sales of securities outside
the United States, and the Purchaser will comply with Regulation S, specifically complying with the restrictions on re-sale of
the securities set forth in Rules 903(a) and 903(b)(3) of Regulation S.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.10&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
acknowledges that it is aware of its obligations under the Securities Exchange Act of 1934, as amended (the &ldquo;<B>Exchange
Act</B>&rdquo;), including, but not limited to those filing obligations that are triggered as a result of the consummation of the
sale of the Shares pursuant to Section 13 of the Exchange Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.11&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Purchaser
understands that the Seller may be an &ldquo;affiliate&rdquo; of the Company within the meaning of U.S. federal and state securities
laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">3.2.12&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;By entering
into and performing this Agreement neither the Purchaser nor any of the direct or indirect owners of any of its shares will be
breaching any black-out period restriction or other dealing policy or restriction applicable to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Closing Conditions.</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">4.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation
of the Purchaser to purchase the Shares from Seller is subject to the satisfaction of the following conditions as of the Closing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">4.1.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties True and Correct</U>. The representations and warranties made by the Seller herein shall be true and correct and
complete when made, and shall be true and correct and complete as of the date of the Closing with the same force and effect as
if they had been made on and as of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">4.1.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Performance
of Obligations</U>. The Seller shall have performed and complied with all agreements, obligations and conditions contained in this
Agreement that are required to be performed or complied with by it on or before the Closing.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">4.1.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Approvals,
Consents and Waivers</U>. The Seller shall have obtained any and all approvals, consents and waivers required by them for consummation
of the transactions contemplated by this Agreement, including, but not limited to all permits, authorizations, approvals, consents
or permits of any governmental authority or regulatory body.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">4.1.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financing</U>.
The Purchaser shall have obtained sufficient funds from third-party financing sources to pay the Purchase Price.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">4.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The obligation
of the Seller to sell, transfer and assign the Shares to the Purchaser hereunder is subject to the satisfaction of the following
conditions as of the Closing:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">4.2.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties True and Correct</U>. The representations and warranties made by the Purchaser herein shall be true and correct
and complete when made, and shall be true and correct and complete as of the date of the Closing with the same force and effect
as if they had been made on and as of such date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">4.2.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Performance
of Obligations</U>. The Purchaser shall have performed and complied with all agreements, obligations and conditions contained in
this Agreement that are required to be performed or complied with by it on or before the Closing.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">4.2.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Approvals,
Consents and Waivers</U>. The Purchaser shall have obtained any and all approvals, consents and waivers required by it for consummation
of the transactions contemplated by this Agreement, including, but not limited to all permits, authorizations, approvals, consents
or permits of any governmental authority or regulatory body.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
Price Adjustment</U>. The purchase price of US$24,502,552.25 for the Shares has been calculated based on a price of US$1.73 per
Share (the &ldquo;<B>Base Price Per Share</B>&rdquo;). If at any time after the date of this Agreement and prior to the date which
is 10 months after Closing there is any consummation of any tender offer for the Ordinary Shares, any merger of the Company with
another company, any acquisition or cancellation of Ordinary Shares pursuant to a merger or scheme of arrangement, any liquidation
of the Company or any event having an effect similar to any of the foregoing (a &ldquo;<B>Liquidity Event</B>&rdquo;), then if
the highest price per Ordinary Share (or amount payable or distributable per Ordinary Share) applicable to such Liquidity Event
exceeds the Base Price Per Share, then the Purchase Price shall be increased by an amount per Share equal to such excess (and if
Closing has already occurred the Purchaser shall pay the excess promptly to the Seller to the account specified in Section 2.2).
In calculating the highest price per Ordinary Share applicable to a Liquidity Event there shall be added to such price the amount
of any dividend or other distribution paid on an Ordinary Share after the date of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Restrictions
on Sale</U>. After the date hereof and immediately before the Closing, the Seller will continue to hold Shares. The Seller hereby
agrees not to sell or transfer or agree to sell or transfer any of the Shares held by it before the earlier of the Closing and
the termination of this Agreement pursuant to the Section 7.8 hereof. Notwithstanding the foregoing, the Seller shall be entitled
(but not obliged) to vote in favour of any resolution proposed by the Company relating to a merger or scheme of arrangement which
may require the cancellation or transfer of the Shares. If a tender offer is made for all or part of the Ordinary Shares by the
Purchaser (or by, or by any person associated with, any shareholder of the Purchaser), the Seller shall be entitled to accept such
offer if Closing does not occur (other than as a result of a default of the Seller) prior to the date which is five business days
(being a day, other than a Saturday or Sunday on which banks in the Cayman Islands, Hong Kong and New York are open for usual business)
before such offer lapses or closes. If the Shares are transferred by the Seller or cancelled prior to Closing pursuant to any such
merger, scheme or tender offer then this Agreement shall terminate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 35.4pt">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Miscellaneous</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.4pt; text-indent: 0in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Governing
Law</U>. This Agreement shall be governed in all respects by the laws of the Hong Kong.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.2&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Arbitration.</U>
Any dispute, controversy or claim arising out of or relating to this Agreement, including the existence, validity, interpretation,
performance, breach or termination thereof or any dispute regarding non-contractual obligations arising out of or relating to it
shall be referred to and finally resolved by arbitration administered by the Hong Kong International Arbitration Centre under the
Hong Kong International Arbitration Centre Administered Arbitration rules in force when the Notice of Arbitration is submitted.
The arbitration tribunal shall consist of three arbitrators. The seat of arbitration shall be Hong Kong. The language of the arbitration
shall be English.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.3&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Amendments</U>.
No amendment or modification of the terms and conditions of this Agreement shall be valid unless in writing and signed by all Parties.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.4&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Entire Agreement</U>.
This Agreement constitutes the entire agreement between the Parties with respect to the transactions contemplated hereby. This
Agreement supersedes all prior agreements, understandings, negotiations and representations between the parties with respect to
such transactions. Each Party agrees that such Party will have no remedy in respect of any representation, statement, assurance
or warranty that is not expressly set out in the Agreement. No Party shall have any claim for innocent or negligent representation
based upon any statement in this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.5&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Waiver</U>.
Either Party&rsquo;s failure to enforce any provision of this Agreement shall not in any way be construed as a waiver of any such
provision, or prevent that Party thereafter from enforcing each and every other provision of this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Expenses</U>.
Each Party shall bear its own fees and expenses incurred in connection with this Agreement and the transactions contemplated hereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.7&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Counterparts</U>.
This Agreement may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed
to be one and the same agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.8&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination</U>.
This Agreement may be terminated at any time prior to the Closing (a) by the mutual written consent of the Purchaser and the Seller,
(b) by the Purchaser if a breach of any provision of this Agreement has been committed by the Seller and such breach has not been
cured within 30 days following receipt by the Seller of written notice of such breach, (c) or by the Seller if a breach of any
provision of this Agreement has been committed by the Purchaser and such breach has not been cured within 30 days following receipt
by the Purchaser of written notice of such breach, or (c) by any Party if the Closing does not occur on or before the date that
is six (6) months after the date hereof, provided that such period of six months may on one occasion only (and then only if the
Purchaser shall have been using its best efforts to fulfil the Conditions in Section 4.1) be extended by a further period of two
months by written notice from the Purchaser to the Seller given no earlier than five (5) months after the date of hereof . Upon
termination, all further obligations of the Parties under this Agreement shall terminate without liability of any Party to the
other Parties to this Agreement, except that no such termination shall relieve any Party from liability for any fraud or willful
breach of this Agreement.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">7.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Assignment</U>.
Neither this Agreement nor any of the rights, interests or obligations hereunder may be assigned or delegated, in whole or in part,
by either Party without the prior written consent of the other Party, and any purported assignment or delegation in contravention
of this Section 7.9 shall be null and void and of no force and effect. Notwithstanding the preceding sentence, the Purchaser may,
without the prior written consent of Seller, assign this Agreement or any of its rights, interests or obligations under this Agreement,
in whole or in part, to one or more of its Affiliates; <I>provided</I>, <I>however</I>, that no such assignment shall relieve Purchaser
of its obligations hereunder. &ldquo;<B>Affiliate</B>&rdquo; means, with respect to any person, any other person that directly
or indirectly, including through one or more intermediaries, controls, is controlled by or is under common control with such person.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 70.8pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center; text-indent: 0.5in">[THE REMINDER OF THIS
PAGE IS INTENTIONALLY LEFT BLANK]</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">IN WITNESS WHEREOF, the parties have executed
this Agreement as of the date set forth above.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>Solar Honor Limited</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%">&nbsp;</TD>
    <TD STYLE="width: 5%">By: </TD>
    <TD STYLE="width: 43%; border-bottom: black 1pt solid">/s/ Hao Zhou</TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 50%"></TD><TD STYLE="width: 50%"><B>Morgancreek Investment Holdings Limited</B></TD></TR></TABLE>

<P STYLE="margin-top: 0pt; margin-bottom: 0pt; font: 10pt Times New Roman, Times, Serif">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 52%">&nbsp;</TD>
    <TD STYLE="width: 5%">By: </TD>
    <TD STYLE="width: 43%; border-bottom: black 1pt solid">/s/ Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">[<I>Signature Page
to Share Purchase Agreement</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; text-align: center; margin-bottom: 0pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<TYPE>EX-99.4
<SEQUENCE>5
<FILENAME>v444012_ex99-4.htm
<DESCRIPTION>EXHIBIT 99.4
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.4</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Board of Directors</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Concord Medical Services Holdings Limited</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">18/F, Tower A, Global Trade Center<BR>
36 North Third Ring Road East<BR>
Dongcheng District, Beijing 100013<BR>
People&rsquo;s Republic of China</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">July 11, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Dear Sirs:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mr. Jianyu Yang (&ldquo;Mr. Yang&rdquo;), the chairman and chief
executive officer of Concord Medical Services Holdings Limited (the &ldquo;Company&rdquo;), Morgancreek Investment Holdings Limited,
an investment vehicle controlled by Mr. Yang (&ldquo;Morgancreek&rdquo;), and Blue Ocean Management Limited (&ldquo;Blue Ocean&rdquo;
and collectively with Mr. Yang and Morgancreek, the &ldquo;Buyer Parties&rdquo;), are pleased to submit this preliminary non-binding
proposal to acquire all outstanding Class A ordinary shares (the &ldquo;Shares&rdquo;) and the American Depositary Shares (&ldquo;ADSs&rdquo;,
each representing three Shares) of the Company, in both cases, that are not beneficially owned by the Buyer Parties and their affiliates
in a going private transaction (the &ldquo;Acquisition&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">We believe that our proposal of US$1.73 in cash per Share, or
US$5.19 in cash per ADS, will provide an attractive opportunity to the Company&rsquo;s shareholders. This price represents a premium
of approximately 33.8% to the Company&rsquo;s closing price of US$3.88 on July 8, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The terms and conditions upon which we are prepared to pursue
the Acquisition are set forth below. We are confident in our ability to consummate an Acquisition as outlined in this letter.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Buyer</U>.
The Buyer Parties have entered into a memorandum of understanding dated July 11, 2016, pursuant to which the Buyer Parties will
work with each other in pursuing the Acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Purchase
Price</U>. The Buyer Parties are prepared to pay for the Shares and ADSs acquired in the Acquisition at a price of US$1.73 per
Share and US$5.19 per ADS, as the case may be, in cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Possible
Short-form Merger</U>. On July 11, 2016, Morgancreek entered into share purchase agreements with certain Carlyle entities and Solar
Honor Limited to acquire in aggregate 27,249,675 Shares for a per Share purchase price of US$1.73. After the closing of such share
purchases and the completion of exchange of Class B ordinary shares, the holder of each entitled to 10 votes on any ordinary resolution
or special resolution, for Shares currently held by Morgancreek, which share exchange was approved by the Company in January 2015,
the Buyer Parties would hold more than 90% voting rights of the Company&rsquo;s issued and outstanding ordinary shares. Therefore,
the Acquisition may be effected by way of short-form merger pursuant to Section 233(7) of the Companies Law of the Cayman Islands.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financing</U>.
We intend to finance the Acquisition with debt or equity capital or a combination thereof. We are confident that we will secure
adequate financing to consummate the Acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Due
Diligence</U>. We will be in a position to commence our due diligence for the Acquisition immediately upon receiving access to
the relevant materials. Parties providing financing will require a timely opportunity to conduct customary due diligence on the
Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Definitive
Agreements</U>. We are prepared to negotiate and finalize definitive agreements (the &ldquo;Definitive Agreements&rdquo;) providing
for the Acquisition and related transactions promptly. This proposal is subject to execution of the Definitive Agreements. We anticipate
the Definitive Agreements will be completed in parallel with due diligence.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Confidentiality</U>.
We expect the Company to make a public announcement in connection with receiving our proposal. However, we are sure you will agree
with us that it is in all of our interests to ensure that we otherwise proceed in a strictly confidential manner, unless otherwise
required by law, until we have executed Definitive Agreements or terminated our discussions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Process</U>.
We believe that the Acquisition will provide superior value to the Company&rsquo;s shareholders. We recognize of course that the
Company&rsquo;s Board of Directors will evaluate the Acquisition before it can make its determination whether to endorse it. In
considering the Acquisition, you should be aware that we are interested only in acquiring the outstanding Shares and ADSs that
the Buyer Parties and their affiliates do not already own, and that the Buyer Parties and their affiliates do not intend to sell
their stake in the Company to a third party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Advisors</U>.
We have retained Cleary Gottlieb Steen &amp; Hamilton LLP as U.S. legal counsel in connection with the Acquisition.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>About
Blue Ocean</U>. Blue Ocean Management Limited is incorporated in the Cayman Islands and an affiliate of Blue Ocean Capital Group
(&ldquo;BOCG&rdquo;), a specialized private equity firm that manages both RMB and USD funds, and mainly focuses on investments
in the fast growing healthcare sector in the Greater China region. BOCG has operations both in Hong Kong and Shenzhen.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Binding Commitment</U>. This letter constitutes only a preliminary indication of our interest, and does not constitute any binding
commitment with respect to an Acquisition. Such a commitment will result only from the execution of Definitive Agreements, and
then will be on the terms provided in such documentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">In closing, we would like to personally express our commitment
to working together to bring this Acquisition to a successful and timely conclusion. Should you have any questions regarding this
proposal, please do not hesitate to contact us. We look forward to hearing from you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Sincerely,</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0"><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0"><B>Jianyu
Yang</B></P>

</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; font-size: 10pt">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt; padding: 0; width: 50%">&nbsp;</TD>
    <TD STYLE="font-size: 10pt; padding: 0; width: 5%">By: </TD>
    <TD STYLE="border-bottom: black 1pt solid; padding: 0; font-size: 10pt; width: 45%">/s/ Jianyu Yang</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Morgancreek Investment Holdings Limited</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By: </TD>
    <TD STYLE="border-bottom: black 1pt solid">/s/ Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Jianyu Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2"><B>Blue Ocean Management Limited</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%">&nbsp;</TD>
    <TD STYLE="width: 5%">&nbsp;</TD>
    <TD STYLE="width: 45%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>By: </TD>
    <TD STYLE="border-bottom: black 1pt solid">/s/ Feng Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Name: Feng Yang</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="2">Title: Director</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 4in"></P>

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<TYPE>EX-99.5
<SEQUENCE>6
<FILENAME>v444012_ex99-5.htm
<DESCRIPTION>EXHIBIT 99.5
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 99.5</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MEMORANDUM OF UNDERSTANDING</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 1.25in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This<B> MEMORANDUM OF UNDERSTANDING</B> (&ldquo;<B>MoU</B>&rdquo;)
dated July 11, 2016<B> </B>is made by and among:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Blue Ocean Management Limited
(&ldquo;<B>Blue Ocean</B>&rdquo;);<B> </B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Morgancreek Investment Holdings
Limited (&ldquo;<B>Morgancreek</B>&rdquo;); and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-indent: -0.5in">Jianyu Yang (&ldquo;<B>Chairman</B>&rdquo;)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Each of Blue Ocean, Morgancreek and Chairman
is hereinafter referred to as a &ldquo;<B>Party</B>&rdquo;<B> </B>and<B> </B>collectively as the &ldquo;<B>Parties</B>&rdquo;.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">A.</TD><TD>Morgancreek is an existing major shareholder of Concord Medical Services Holdings Limited (the &ldquo;<B>Company</B>&rdquo;)
and Chairman is the chairman and chief executive officer of the Company.</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.25in">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0.25in"></TD><TD STYLE="width: 0.25in">B.</TD><TD>The Parties wish to record the broad terms and conditions on which the Parties propose to take the Company private and delist
the American depositary shares (&ldquo;<B>ADSs</B>&rdquo;) of the Company, each representing three Class A ordinary shares of the
Company (&ldquo;<B>Shares</B>&rdquo;), from the New York Stock Exchange (the &ldquo;<B>Transaction</B>&rdquo;).</TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 27%">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Participation and Financing</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P></TD>
    <TD STYLE="width: 73%; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Blue Ocean shall participate in the Transaction and coordinate with other Parties to arrange the financing for the Transaction.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="font-size: 10pt">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Purchase Price</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The purchase price of Shares (including Shares represented by
        ADSs) held by the public shareholders of the Company in the Transaction is US$1.73 per Share or US$5.19 per ADS. Any increase in
        this purchase price shall be approved by all Parties.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Costs</B></FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Blue Ocean and its affiliates, Morgancreek and Chairman and
        their affiliates, shall bear their own cost and expenses relating to the Transaction accordingly.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Governing Law </B></FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">This MoU shall be construed in accordance with New York law.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Binding Effect</B></FONT></TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The provisions of this MoU shall be binding on the
Parties.</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><I>[signature page follows]</I></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>IN WITNESS WHEREOF</B>, the Parties
hereto have executed this MoU on the day and year first above written.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signed and delivered for and on behalf of </FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Blue Ocean Management Limited </B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Feng Yang</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Feng Yang</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Director</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Signed and delivered for and on behalf of </FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Morgancreek Investment Holdings Limited</B></FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jianyu Yang</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Name: Jianyu Yang</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Title: Director</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Jianyu Yang</B>: </FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

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<TR STYLE="vertical-align: top">
    <TD STYLE="width: 50%; border-bottom: Black 1pt solid"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">/s/ Jianyu Yang</FONT></TD>
    <TD STYLE="width: 50%">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



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