Item 4 — Purpose of Transaction
The Foundation received the 3,820,000 shares of common stock of the issuer as a charitable contribution from Qin Zhen to provide assets to support the Foundation's purposes. The Reporting Persons have agreed to act together with respect to the holding, voting, or disposition of such shares, as described in Item 6. The Foundation may from time to time dispose of some or all of such shares, depending upon market conditions, the Foundation's liquidity needs and charitable objectives, applicable legal and regulatory requirements and other factors the Foundation considers relevant. The Foundation has not determined the timing, amount or method of any such disposition. Any disposition may be effected in open-market transactions, privately negotiated transactions or otherwise, in each case subject to applicable law. Except as described herein, the Reporting Persons do not presently have any plans or proposals that relate to or would result in any of the matters specified in paragraphs (a) through (j) of Item 4 of Schedule 13D. Qin Zhen and Li Na may, in their capacities as officers and/or directors of the issuer, participate in the consideration of matters relating to the issuer's business and affairs. The Reporting Persons may, at any time and from time to time, review or reconsider their positions and formulate plans or proposals with respect to any such matters, subject to applicable law.