Homepage Shareholder Information Announcements momo.com, on behalf of major subsidiary Fubon Gehua, announces Board resolution for a sale and leaseback agreement with CTBC Leasing Co., Ltd
momo.com, on behalf of major subsidiary Fubon Gehua, announces Board resolution for a sale and leaseback agreement with CTBC Leasing Co., Ltd

SEQ_NO

5

Date of announcement

2016/05/20

Time of announcement

14:12:04

Subject

momo.com, on behalf of major subsidiary Fubon

Gehua, announces Board resolution for a sale and

leaseback agreement with CTBC Leasing Co., Ltd

Date of events

2016/05/20

To which item it meets

paragraph 10

Statement

1.Date of occurrence of the event:2016/05/20

2.Counterparty to the contract or commitment:CTBC Leasing Co.,Ltd.

3.Relationship to the Company:None

4.Starting and ending dates (or rescission date) of the

contract or commitment:3 months from when the drawdown date.

5.Major content (not applicable where rescinded):

Enter into a sale and leaseback agreement with CTBC Leasing Co., Ltd

for video equipment. The lease is for a period of no more than 3 months

and at the end of the leasing period, the ownership of the equipment will be

transferred back to Beijing Gehua. The financing amount is expected to be

less than RMB $10mn.

6.Restrictive covenants (not applicable where rescinded):None

7.Effect on company finances and business (not applicable where rescinded):

None

8.Concrete purpose/objective (not applicable where rescinded):

Funds from the sale and lease back agreement will be used to repay

outstanding loans from Chinatrust Commercial Bank, Shanghai branch.

9.Any other matters that need to be specified:None